Venus Remedies Ltd

About [ edit ]

Venus Remedies is engaged in Business of Pharmaceutical product manufacturing.

  • Market Cap 447 Cr.
  • Current Price 334
  • High / Low 354 / 54.1
  • Stock P/E 11.6
  • Book Value 299
  • Dividend Yield 0.00 %
  • ROCE 8.18 %
  • ROE 10.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.12 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 86.47% CAGR over last 5 years
  • Debtor days have improved from 32.43 to 21.34 days.
  • Promoter holding has increased by 4.92% over last quarter.

Cons

  • The company has delivered a poor sales growth of 6.12% over past five years.
  • Company has a low return on equity of 1.50% for last 3 years.
  • Earnings include an other income of Rs.43.07 Cr.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
67 88 76 90 74 88 97 83 189 126 122 111
57 72 71 89 64 75 86 76 168 115 104 107
Operating Profit 10 16 5 2 10 13 11 8 21 11 18 4
OPM % 15% 18% 6% 2% 13% 14% 11% 9% 11% 8% 15% 4%
Other Income 1 3 1 -5 1 1 2 -7 -7 20 6 24
Interest 8 11 10 0 6 5 4 -2 3 7 2 1
Depreciation 8 9 9 8 8 9 8 6 9 9 9 9
Profit before tax -6 -0 -12 -12 -4 1 0 -5 2 15 14 18
Tax % 0% 612% 4% 1% 0% 28% 4,950% -18% 0% 10% 16% -93%
Net Profit -6 0 -12 -11 -4 0 -1 -5 2 13 12 35
EPS in Rs -4.70 0.33 -9.50 -9.29 -3.30 0.34 -0.78 -4.36 1.60 10.56 9.45 28.45

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
309 357 401 459 531 455 407 400 372 322 341 548
236 267 298 339 393 366 326 349 333 289 301 494
Operating Profit 73 89 103 120 138 89 81 51 39 33 41 54
OPM % 24% 25% 26% 26% 26% 20% 20% 13% 11% 10% 12% 10%
Other Income 0 0 0 0 0 1 2 2 2 -3 -4 43
Interest 14 19 27 25 29 41 38 34 35 25 13 13
Depreciation 12 18 25 33 40 46 42 40 34 34 32 35
Profit before tax 46 53 51 63 69 3 4 -22 -28 -30 -8 49
Tax % 15% 12% 7% 9% 7% -95% 52% 21% -11% 4% -24% -27%
Net Profit 40 46 47 57 64 5 2 -17 -31 -29 -10 62
EPS in Rs 46.69 50.63 48.33 54.36 56.20 4.51 1.49 -13.84 -24.87 -23.15 -8.10 50.05
Dividend Payout % 6% 6% 6% 6% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:4%
5 Years:6%
3 Years:14%
TTM:61%
Compounded Profit Growth
10 Years:-2%
5 Years:86%
3 Years:48%
TTM:1317%
Stock Price CAGR
10 Years:6%
5 Years:34%
3 Years:83%
1 Year:451%
Return on Equity
10 Years:4%
5 Years:-2%
3 Years:2%
Last Year:11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
8 9 10 11 11 11 11 12 12 12 12 12
Reserves 163 224 289 364 450 445 426 376 350 320 311 388
Borrowings 149 187 220 271 289 321 335 312 307 298 158 51
30 41 55 72 84 64 70 65 82 102 157 104
Total Liabilities 350 461 574 718 834 841 843 765 751 733 638 556
229 293 355 401 439 444 452 406 389 364 289 262
CWIP 1 15 23 48 68 78 80 66 65 65 25 25
Investments 0 0 0 0 0 0 0 0 0 0 0 0
120 152 196 268 327 319 310 293 297 304 324 269
Total Assets 350 461 574 718 834 841 843 765 751 733 638 556

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
32 37 42 52 53 68 47 59 31 45 78 133
-51 -96 -95 -104 -95 -67 3 -18 8 -11 -5 56
20 60 53 55 40 -1 -46 -44 -39 -35 -73 -162
Net Cash Flow 1 1 -0 3 -2 -1 3 -4 0 -1 -0 26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 20% 19% 17% 15% 14% 6% 5% 2% 1% 1% 3% 8%
Debtor Days 33 37 36 37 45 51 55 43 46 43 33 21
Inventory Turnover 3.46 2.97 2.65 2.36 2.24 1.91 1.69 1.63 1.50 1.33 1.23 2.61

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
37.51 37.51 37.51 37.51 37.51 35.89 35.89 35.89 35.89 35.89 35.89 35.89
0.48 0.48 0.48 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
0.36 0.39 0.12 0.02 0.01 1.48 0.00 0.00 0.00 0.00 0.00 0.00
61.65 61.62 61.88 62.43 62.44 62.59 64.06 64.07 64.07 64.07 64.07 64.07

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