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Divi's Lab

₹3918.8 6.8 | 0.2%

Market Cap ₹104030 Cr.

Stock P/E 75.1

P/B 8

Current Price ₹3918.8

Book Value ₹ 488

Face Value 2

52W High ₹4104

Dividend Yield 0.77%

52W Low ₹ 3050.2

Divi's Lab Research see more...

Overview Inc. Year: 1990Industry: Pharmaceuticals & Drugs

Divi's Laboratories Ltd manufactures Active Pharma Ingredients (APIs) and intermediates. The organization in a matter of short time multiplied their breadth of operations to offer whole turnkey solutions to the domestic Indian pharmaceutical enterprise.They are actively concerned in growing trade, patent non-infringing approaches for APIs, for the inventors to control late life cycle and leading customary drug producers.The company's product variety includes Bupropion Hbr,Bupropion HCL,Capecitabine,Carbidopa,Desloratadine,Dexlansoprazole /(R)-Lansoprazole, Irbesartan, Levodopa, Niacin, Sibutramine HCL, Valacyclovir HCL, Valsartan, Venlafaxine HCL, VerapamiL HCL, Vigabatrin, Zolpidem Tartrate ,and so forth.

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Divi's Lab Share Price

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Divi's Lab Quarterly Results

#(Fig in Cr.) Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018
Net Sales 1067 821 890 1038 1088
Other Income 21 30 34 17 48
Total Income 1088 851 924 1055 1136
Total Expenditure 705 576 613 712 701
Operating Profit 383 275 311 343 435
Interest 1 0 1 0 -0
Depreciation 31 32 34 37 39
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 350 242 276 306 396
Provision for Tax 91 65 69 81 134
Profit After Tax 259 177 207 225 262
Adjustments -259 -177 -207 -225 -262
Profit After Adjustments 0 0 0 0 0
Adjusted Earnings Per Share 9.8 6.7 7.8 8.5 9.9

Divi's Lab Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 2129 2514 3084 3721 4024 3816 4880 5311 6799 8880 7625 3837
Other Income 49 84 43 96 76 112 157 190 63 114 349 129
Total Income 2177 2598 3127 3817 4100 3928 5036 5500 6862 8994 7974 3966
Total Expenditure 1306 1494 1921 2320 2585 2564 3030 3494 3978 5005 5276 2602
Operating Profit 871 1104 1206 1497 1515 1364 2007 2006 2884 3989 2698 1364
Interest 3 3 3 4 3 2 5 7 2 2 2 1
Depreciation 77 92 136 118 123 142 169 186 255 311 342 142
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 792 1009 1067 1375 1388 1219 1833 1813 2628 3677 2354 1220
Provision for Tax 180 217 220 264 335 350 501 441 673 728 546 349
Profit After Tax 611 792 847 1111 1053 870 1333 1373 1955 2949 1808 871
Adjustments 0 0 0 0 0 0 0 0 0 0 0 -871
Profit After Adjustments 611 792 847 1111 1053 870 1333 1373 1955 2949 1808 0
Adjusted Earnings Per Share 23 29.8 31.9 41.8 39.7 32.8 50.2 51.7 73.6 111.1 68.1 32.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -14% 13% 15% 14%
Operating Profit CAGR -32% 10% 15% 12%
PAT CAGR -39% 10% 16% 11%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 24% -1% 19% 20%
ROE Average 15% 22% 21% 23%
ROCE Average 19% 29% 28% 30%

Divi's Lab Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 2553 3034 3562 4357 5409 5960 6973 7317 9272 11691 12705
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 2 1 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 475 655 847 92 1419 1770 994 294 363 448 568
Total Current Liabilities 552 623 772 516 656 640 833 1797 1705 2427 1510
Total Liabilities 3582 4314 5182 4965 7484 8370 8800 9408 11340 14567 14784
Fixed Assets 908 1222 1309 1439 1559 1996 2087 2776 3699 4321 4719
Other Non-Current Assets 800 813 1077 469 1886 1820 2065 1077 900 691 397
Total Current Assets 1874 2279 2796 3058 4039 4554 4647 5555 6741 9555 9667
Total Assets 3582 4314 5182 4965 7484 8370 8800 9408 11340 14567 14784

Divi's Lab Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 8 6 10 9 -31 -17 -42 -8 28 2016 1200
Cash Flow from Operating Activities 483 558 822 1036 1149 765 964 1208 1947 1910 2448
Cash Flow from Investing Activities -254 -305 -521 -411 -1137 -476 -684 -81 75 -2195 -2707
Cash Flow from Financing Activities -231 -248 -303 -630 3 -314 -246 -1091 -34 -532 -797
Net Cash Inflow / Outflow -2 5 -1 -5 15 -25 34 36 1988 -817 -1055
Closing Cash & Cash Equivalent 6 10 9 4 -17 -42 -8 28 2016 1200 144

Divi's Lab Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 23.03 29.82 31.91 41.84 39.68 32.76 50.2 51.71 73.64 111.08 68.12
CEPS(Rs) 25.93 33.29 37.03 46.29 44.32 38.12 56.56 58.72 83.23 122.78 81
DPS(Rs) 15 20 20 10 10 10 16 16 20 30 30
Book NAV/Share(Rs) 96.18 114.3 134.18 164.13 203.76 224.51 262.7 275.63 349.28 440.44 478.64
Core EBITDA Margin(%) 38.36 40.27 37.39 37.37 35.39 32.62 37.6 33.83 41.36 43.42 30.6
EBIT Margin(%) 37.04 39.95 34.4 36.78 34.23 31.84 37.35 33.91 38.56 41.22 30.69
Pre Tax Margin(%) 36.92 39.83 34.3 36.68 34.14 31.78 37.26 33.77 38.53 41.2 30.66
PAT Margin (%) 28.51 31.27 27.23 29.62 25.91 22.66 27.08 25.57 28.66 33.04 23.55
Cash Profit Margin (%) 32.1 34.9 31.6 32.77 28.94 26.37 30.52 29.03 32.39 36.52 28.01
ROA(%) 19.15 20.05 17.84 21.89 16.92 10.97 15.52 15.08 18.84 22.76 12.32
ROE(%) 25.86 28.34 25.68 28.06 21.57 15.3 20.61 19.21 23.57 28.13 14.82
ROCE(%) 32.98 35.88 32.22 34.53 28.27 21.31 28.06 25.23 31.64 35.09 19.31
Receivable days 93.02 97.33 94.72 87.08 88.38 100.59 88.81 95.7 87.73 88.26 107.79
Inventory Days 124 122.46 117.81 110.86 108.57 120.67 109.22 115.82 101.33 95.85 128.95
Payable days 72.21 61.02 56.02 55.49 79.64 102.83 88.28 92.94 107.07 92.79 91.2
PER(x) 21.36 22.95 28.05 23.54 15.73 33.26 33.93 38.43 49.3 39.65 41.48
Price/Book(x) 5.11 5.99 6.67 6 3.06 4.85 6.48 7.21 10.39 10 5.9
Dividend Yield(%) 1.52 1.46 1.12 1.02 1.6 0.92 0.94 0.81 0.55 0.68 1.06
EV/Net Sales(x) 6.13 7.22 7.69 7.02 4.11 7.57 9.27 9.92 13.86 12.85 9.29
EV/Core EBITDA(x) 14.99 16.45 19.68 17.45 10.92 21.18 22.53 26.26 32.67 28.6 26.25
Net Sales Growth(%) 15.39 18.09 22.68 20.67 8.13 -5.17 27.88 8.83 28.02 30.61 -14.13
EBIT Growth(%) 13.54 27.38 5.78 28.9 0.89 -12.21 50.44 -0.95 44.46 39.87 -35.95
PAT Growth(%) 11.99 29.49 6.99 31.14 -5.18 -17.44 53.25 3.01 42.4 50.84 -38.68
EPS Growth(%) 11.99 29.49 6.99 31.14 -5.18 -17.44 53.25 3.01 42.4 50.84 -38.68
Debt/Equity(x) 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0 0 0 0
Current Ratio(x) 3.4 3.66 3.62 5.93 6.16 7.11 5.58 3.09 3.95 3.94 6.4
Quick Ratio(x) 1.94 2.22 2.18 3.67 4.24 5.11 3.58 2.12 2.76 2.85 4.56
Interest Cover(x) 310.56 345.75 375.24 349.89 417.89 528.86 398.66 258.94 1452.86 2126.16 1393.96
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Divi's Lab Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 51.95 51.94 51.94 51.94 51.94 51.94 51.93 51.93 51.92 51.92
FII 19.3 18.45 16.52 15.4 15.14 14.67 14.7 14.6 14.86 14.68
DII 17.73 18.32 19.98 20.78 20.67 21.08 21.23 21.75 21.88 22.21
Public 11.02 11.28 11.56 11.88 12.24 12.31 12.14 11.73 11.34 11.19
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Debtor days have improved from 92.79 to 91.2days.
  • Company is almost debt free.

Cons

  • Stock is trading at 8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Divi's Lab News

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