WEBSITE BSE:531146 NSE : MEDICAMEN BI 10 May, 16:01
Market Cap ₹649 Cr.
Stock P/E 52.4
P/B 3.3
Current Price ₹510.6
Book Value ₹ 156.8
Face Value 10
52W High ₹903.5
Dividend Yield 0.2%
52W Low ₹ 356.8
MEDICAMEN Biotech Ltd is engaged in production of pharmaceutical formulations. The Company is a manufacturer and dealer of various products, consisting of capsules, tablets, liquid syrup and dry syrup (beta lactum and non-beta lactum), ointment and ORS. Its tablets encompass Biperiden Hydrochloride Tablets USP, Bromhexine Hydrochloride Tablets, Calcium Carbonate Tablets USP, Calcium Gluconate Tablets USP and Captopril Tablets BP. Its pills include Alfacalcidol Capsules, Artemether Capsules, Acebrophylline Capsules, Amoxycillin Capsules and Calcium Dobisilate Capsules. Its dry syrup includes Cefadroxil Oral Suspension BP, Cefadroxil Oral Suspension USP and Cefaclor Oral Suspension BP. It has finished formulation plants, one at Bhiwadi (Rajasthan) and other at Haridwar (Uttarakhand). At Haridwar, the Company manufactures non-betalectum variety of merchandise, consisting of iron-folic acid capsules, ointments, lotions, mouth wash and dental care.
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#(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Net Sales | 33 | 33 | 23 | 33 | 34 | 36 | 39 | 42 | 44 | 47 |
Other Income | 0 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
Total Income | 33 | 33 | 23 | 34 | 34 | 36 | 39 | 42 | 44 | 47 |
Total Expenditure | 26 | 26 | 18 | 27 | 28 | 30 | 32 | 35 | 39 | 42 |
Operating Profit | 7 | 7 | 5 | 7 | 6 | 7 | 7 | 7 | 5 | 6 |
Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit Before Tax | 5 | 5 | 3 | 4 | 4 | 4 | 4 | 5 | 2 | 3 |
Provision for Tax | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
Profit After Tax | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 1 | 2 |
Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 1 | 0 |
Profit After Adjustments | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 2 | 2 |
Adjusted Earnings Per Share | 3.5 | 3.1 | 2.2 | 2.9 | 2.8 | 3 | 3.1 | 3.3 | 1.8 | 1.6 |
#(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
---|---|---|---|---|---|---|
Net Sales | 123 | 126 | 113 | 115 | 141 | 172 |
Other Income | 4 | 2 | 1 | 2 | 2 | 2 |
Total Income | 126 | 127 | 113 | 117 | 143 | 172 |
Total Expenditure | 105 | 106 | 93 | 91 | 117 | 148 |
Operating Profit | 21 | 21 | 20 | 26 | 27 | 25 |
Interest | 1 | 1 | 2 | 2 | 3 | 4 |
Depreciation | 2 | 2 | 3 | 6 | 6 | 8 |
Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
Profit Before Tax | 18 | 18 | 16 | 18 | 17 | 14 |
Provision for Tax | 5 | 5 | 4 | 3 | 2 | 4 |
Profit After Tax | 12 | 13 | 12 | 15 | 15 | 11 |
Adjustments | 0 | 0 | 0 | 0 | 0 | 1 |
Profit After Adjustments | 12 | 13 | 12 | 15 | 15 | 12 |
Adjusted Earnings Per Share | 10.3 | 10.9 | 9.9 | 12.2 | 11.6 | 9.8 |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Sales CAGR | 23% | 4% | 0% | 0% |
Operating Profit CAGR | 4% | 9% | 0% | 0% |
PAT CAGR | 0% | 5% | 0% | 0% |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Share Price CAGR | -26% | -0% | -0% | 51% |
ROE Average | 9% | 10% | 11% | 11% |
ROCE Average | 11% | 12% | 15% | 15% |
#(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|
Shareholder's Funds | 87 | 121 | 133 | 146 | 193 |
Minority's Interest | 0 | 0 | 0 | 0 | 0 |
Borrowings | 0 | 2 | 6 | 5 | 1 |
Other Non-Current Liabilities | 1 | 1 | 1 | 1 | -0 |
Total Current Liabilities | 49 | 56 | 53 | 73 | 83 |
Total Liabilities | 137 | 181 | 194 | 225 | 277 |
Fixed Assets | 24 | 34 | 90 | 92 | 93 |
Other Non-Current Assets | 16 | 41 | 2 | 2 | 14 |
Total Current Assets | 96 | 104 | 96 | 123 | 163 |
Total Assets | 137 | 181 | 194 | 225 | 277 |
#(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|
Opening Cash & Cash Equivalents | 23 | 9 | 3 | 4 | 4 |
Cash Flow from Operating Activities | 4 | 13 | 13 | 4 | -6 |
Cash Flow from Investing Activities | -15 | -37 | -18 | -8 | -6 |
Cash Flow from Financing Activities | -4 | 19 | 6 | 4 | 29 |
Net Cash Inflow / Outflow | -14 | -5 | 1 | -0 | 17 |
Closing Cash & Cash Equivalent | 9 | 3 | 4 | 4 | 21 |
# | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|
Earnings Per Share (Rs) | 10.28 | 10.88 | 9.93 | 12.19 | 11.64 |
CEPS(Rs) | 12.17 | 12.93 | 11.99 | 16.92 | 16.67 |
DPS(Rs) | 1 | 0.5 | 1 | 1 | 1 |
Book NAV/Share(Rs) | 73.69 | 97.55 | 103.33 | 113.56 | 147.21 |
Core EBITDA Margin(%) | 14.24 | 15.52 | 17.45 | 20.86 | 17.28 |
EBIT Margin(%) | 15.42 | 15.07 | 15.89 | 17.36 | 14.51 |
Pre Tax Margin(%) | 14.29 | 14.33 | 14.54 | 15.67 | 12.1 |
PAT Margin (%) | 9.81 | 10.59 | 10.76 | 12.9 | 10.46 |
Cash Profit Margin (%) | 11.61 | 12.58 | 13 | 17.9 | 14.98 |
ROA(%) | 8.8 | 8.36 | 6.46 | 7.11 | 5.87 |
ROE(%) | 13.95 | 12.94 | 9.89 | 11.25 | 9.06 |
ROCE(%) | 19.3 | 16.54 | 12.99 | 12.94 | 10.86 |
Receivable days | 129.12 | 135.71 | 165.97 | 183.01 | 166.45 |
Inventory Days | 45.43 | 46.85 | 35.88 | 50.92 | 93.37 |
Payable days | 161.09 | 189.02 | 253.69 | 316.67 | 311.49 |
PER(x) | 47.18 | 16.61 | 53.78 | 52.79 | 56.31 |
Price/Book(x) | 6.58 | 1.85 | 5.17 | 5.67 | 4.45 |
Dividend Yield(%) | 0.21 | 0.28 | 0.19 | 0.16 | 0.15 |
EV/Net Sales(x) | 4.65 | 1.83 | 5.92 | 7 | 5.92 |
EV/Core EBITDA(x) | 27.02 | 10.7 | 32.67 | 31.32 | 31.13 |
Net Sales Growth(%) | 0 | 2.36 | -10.19 | 2.42 | 22.02 |
EBIT Growth(%) | 0 | 0.04 | -5.32 | 11.9 | 2 |
PAT Growth(%) | 0 | 10.52 | -8.74 | 22.82 | -1.14 |
EPS Growth(%) | 0 | 5.85 | -8.74 | 22.82 | -4.53 |
Debt/Equity(x) | 0.14 | 0.1 | 0.15 | 0.19 | 0.14 |
Current Ratio(x) | 1.98 | 1.84 | 1.8 | 1.69 | 1.98 |
Quick Ratio(x) | 1.67 | 1.54 | 1.7 | 1.36 | 1.5 |
Interest Cover(x) | 13.68 | 20.3 | 11.85 | 10.32 | 6.03 |
Total Debt/Mcap(x) | 0.02 | 0.05 | 0.03 | 0.03 | 0.03 |
# | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 43.6 | 43.6 | 43.6 | 43.21 | 43.21 | 43.21 | 43.21 | 43.21 | 43.21 | 43.21 |
FII | 0.35 | 0.4 | 0.35 | 0.52 | 0.17 | 0.19 | 0.16 | 0.21 | 0.21 | 0.11 |
DII | 0 | 0 | 0 | 1.44 | 0.2 | 0.2 | 0.2 | 0.2 | 0.67 | 0.99 |
Public | 56.06 | 56.01 | 56.06 | 54.84 | 56.42 | 56.4 | 56.44 | 56.38 | 55.91 | 55.69 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
# | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 0.53 | 0.53 | 0.53 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 |
FII | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
DII | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0.01 | 0.01 |
Public | 0.68 | 0.68 | 0.68 | 0.69 | 0.71 | 0.71 | 0.71 | 0.71 | 0.71 | 0.7 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 1.22 | 1.22 | 1.22 | 1.27 | 1.27 | 1.27 | 1.27 | 1.27 | 1.27 | 1.27 |
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