Market Cap ₹3978 Cr.
Stock P/E 273.1
P/B 1.6
Current Price ₹565
Book Value ₹ 353.9
Face Value 2
52W High ₹616
Dividend Yield 0%
52W Low ₹ 365.4
Unichem Laboratories Ltd is an primarily India- based speciality pharmaceutical enterprise. The Company manufactures and markets pharmaceutical formulations as branded generics in addition to generics in various markets internationally. It is engaged in product development, method chemistry, and production of complex APIs as well as dosage forms. It offers an array of drug treatments for therapeutic areas, including gastroenterology, cardiology, diabetology, psychiatry, neurology, anti-bacterial, anti-infectives, and ache management. The Company has about six plants located at Roha and Kolhapur, Maharashtra; Pilerne, Goa; Baddi, Himachal Pradesh; Pithampur, Madhya Pradesh and Ghaziabad, Uttar Pradesh. It has a international presence inside the United States, United Kingdom, South Africa, Brazil and China. Its subsidiaries consist of Niche Generics Ltd, Unichem Pharmaceuticals (USA), Inc., Unichem SA (Pty) Ltd and Unichem (China) Pvt. Ltd., among others.
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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 | 291 | 311 | 370 | 310 | 329 | 302 | 402 | 423 | 416 | 434 |
| Other Income | 3 | 15 | 14 | 8 | 9 | 16 | 5 | 9 | 6 | 11 |
| Total Income | 293 | 326 | 384 | 317 | 338 | 319 | 407 | 432 | 421 | 446 |
| Total Expenditure | 284 | 312 | 302 | 311 | 347 | 345 | 386 | 395 | 407 | 396 |
| Operating Profit | 9 | 14 | 83 | 7 | -9 | -26 | 22 | 37 | 14 | 49 |
| Interest | 2 | 1 | 2 | 3 | 5 | 4 | 6 | 6 | 7 | 6 |
| Depreciation | 22 | 23 | 23 | 25 | 28 | 31 | 30 | 29 | 29 | 28 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | -5 | 0 | -34 | 0 | 0 | 68 |
| Profit Before Tax | -15 | -11 | 58 | -21 | -47 | -61 | -47 | 2 | -22 | 84 |
| Provision for Tax | -3 | 3 | -14 | 3 | 23 | 3 | -3 | 3 | 3 | -0 |
| Profit After Tax | -13 | -13 | 71 | -23 | -71 | -64 | -44 | -1 | -24 | 84 |
| Adjustments | -0 | -1 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 |
| Profit After Adjustments | -13 | -14 | 71 | -23 | -71 | -64 | -44 | -1 | -24 | 84 |
| Adjusted Earnings Per Share | -1.8 | -2 | 10.2 | -3.3 | -10 | -9.1 | -6.3 | -0.1 | -3.5 | 11.9 |
| #(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 | 1081 | 1133 | 1202 | 1333 | 698 | 815 | 1180 | 1104 | 1235 | 1270 | 1343 | 1675 |
| Other Income | 17 | 42 | 21 | 19 | 6 | 61 | 98 | 91 | 50 | 48 | 39 | 31 |
| Total Income | 1098 | 1176 | 1223 | 1352 | 703 | 875 | 1278 | 1195 | 1285 | 1317 | 1382 | 1706 |
| Total Expenditure | 910 | 956 | 1101 | 1169 | 739 | 946 | 1264 | 1155 | 1144 | 1197 | 1389 | 1584 |
| Operating Profit | 188 | 220 | 122 | 183 | -36 | -71 | 15 | 40 | 141 | 120 | -7 | 122 |
| Interest | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 5 | 6 | 17 | 25 |
| Depreciation | 38 | 46 | 41 | 39 | 44 | 51 | 67 | 82 | 84 | 91 | 113 | 116 |
| Exceptional Income / Expenses | 0 | 41 | 0 | -4 | 0 | 0 | 0 | 0 | 0 | 0 | -39 | 34 |
| Profit Before Tax | 146 | 212 | 77 | 137 | -83 | -130 | -60 | -48 | 51 | 22 | -176 | 17 |
| Provision for Tax | 33 | 43 | 2 | 29 | -12 | 3 | -34 | 12 | 17 | -11 | 26 | 3 |
| Profit After Tax | 113 | 169 | 75 | 108 | -71 | -133 | -26 | -60 | 34 | 33 | -202 | 15 |
| Adjustments | 0 | 0 | 0 | 0 | 179 | 2678 | 2 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 113 | 169 | 75 | 108 | 109 | 2545 | -24 | -60 | 34 | 33 | -202 | 15 |
| Adjusted Earnings Per Share | 12.5 | 18.7 | 8.3 | 11.9 | 12 | 361.8 | -3.4 | -8.5 | 4.9 | 4.7 | -28.7 | 2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 6% | 7% | 11% | 2% |
| Operating Profit CAGR | -106% | NAN% | 0% | NAN% |
| PAT CAGR | -712% | 0% | 0% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 50% | 18% | 25% | 11% |
| ROE Average | -8% | -2% | -2% | 3% |
| ROCE Average | -6% | -1% | -1% | 5% |
| #(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 | 727 | 817 | 868 | 954 | 1064 | 2680 | 2620 | 2531 | 2557 | 2618 | 2435 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 21 | 25 | 20 | 23 | 0 | 0 | 0 | 0 | 0 | 89 | 64 |
| Other Non-Current Liabilities | 73 | 73 | 54 | 53 | 64 | 46 | 10 | 44 | 49 | 55 | 44 |
| Total Current Liabilities | 251 | 230 | 212 | 275 | 393 | 464 | 503 | 567 | 506 | 552 | 640 |
| Total Liabilities | 1073 | 1145 | 1153 | 1305 | 1521 | 3190 | 3133 | 3142 | 3112 | 3314 | 3183 |
| Fixed Assets | 448 | 419 | 416 | 403 | 487 | 574 | 806 | 866 | 880 | 990 | 1257 |
| Other Non-Current Assets | 146 | 145 | 173 | 271 | 285 | 279 | 287 | 589 | 854 | 676 | 334 |
| Total Current Assets | 478 | 581 | 564 | 632 | 748 | 2336 | 2038 | 1686 | 1377 | 1645 | 1588 |
| Total Assets | 1073 | 1145 | 1153 | 1305 | 1521 | 3190 | 3133 | 3142 | 3112 | 3314 | 3183 |
| #(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 | 23 | 25 | 52 | 27 | 12 | 11 | 666 | 197 | 232 | 77 | 109 |
| Cash Flow from Operating Activities | 171 | 87 | 78 | 112 | 68 | -112 | -328 | 20 | 33 | -260 | -85 |
| Cash Flow from Investing Activities | -118 | 36 | -52 | -85 | -128 | 1648 | -286 | -36 | -74 | 102 | 203 |
| Cash Flow from Financing Activities | -51 | -95 | -51 | -33 | 59 | -881 | -2 | -62 | -121 | 191 | -81 |
| Net Cash Inflow / Outflow | 1 | 28 | -25 | -7 | -0 | 655 | -616 | -78 | -162 | 34 | 36 |
| Closing Cash & Cash Equivalent | 25 | 52 | 27 | 20 | 11 | 666 | 197 | 232 | 77 | 109 | 184 |
| # | 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) | 12.52 | 18.68 | 8.31 | 11.9 | 11.96 | 361.82 | -3.38 | -8.55 | 4.88 | 4.7 | -28.72 |
| CEPS(Rs) | 16.76 | 23.73 | 12.84 | 16.17 | -2.99 | -11.74 | 5.94 | 3.05 | 16.86 | 17.64 | -12.61 |
| DPS(Rs) | 4.5 | 8 | 2 | 2 | 3 | 5 | 4 | 4 | 4 | 4 | 0 |
| Book NAV/Share(Rs) | 80.27 | 90.02 | 95.48 | 104.93 | 116.88 | 380.95 | 371.69 | 358.85 | 362.05 | 370.39 | 344.18 |
| Core EBITDA Margin(%) | 15.69 | 15.57 | 8.35 | 12.16 | -5.92 | -16.18 | -7.08 | -4.6 | 7.38 | 5.73 | -3.39 |
| EBIT Margin(%) | 13.72 | 18.89 | 6.65 | 10.41 | -11.34 | -14.94 | -4.44 | -3.66 | 4.58 | 2.21 | -11.84 |
| Pre Tax Margin(%) | 13.42 | 18.61 | 6.4 | 10.19 | -11.82 | -15.92 | -5.08 | -4.37 | 4.17 | 1.73 | -13.13 |
| PAT Margin (%) | 10.4 | 14.84 | 6.22 | 8.02 | -10.12 | -16.33 | -2.17 | -5.45 | 2.78 | 2.6 | -15.06 |
| Cash Profit Margin (%) | 13.92 | 18.84 | 9.63 | 10.9 | -3.89 | -10.13 | 3.54 | 1.95 | 9.61 | 9.78 | -6.61 |
| ROA(%) | 11 | 15.27 | 6.55 | 8.79 | -5 | -5.65 | -0.81 | -1.92 | 1.1 | 1.03 | -6.22 |
| ROE(%) | 16.34 | 21.96 | 8.95 | 11.88 | -7.02 | -7.11 | -0.97 | -2.34 | 1.35 | 1.28 | -8.04 |
| ROCE(%) | 20.45 | 27 | 9.29 | 14.93 | -7.36 | -6.1 | -1.85 | -1.46 | 2.11 | 1 | -5.6 |
| Receivable days | 65.42 | 64.53 | 58.55 | 55.72 | 139.85 | 132.62 | 110.26 | 136.61 | 94.63 | 107.17 | 147.31 |
| Inventory Days | 50.47 | 55.42 | 62.03 | 59.32 | 133.81 | 124.19 | 94.58 | 121.57 | 138.14 | 163.63 | 166.52 |
| Payable days | 157.96 | 168.41 | 139.2 | 142.51 | 362.24 | 290.02 | 224.32 | 278.88 | 278.03 | 201.09 | 179.25 |
| PER(x) | 13.81 | 12.27 | 24.51 | 18.65 | 23.94 | 0.79 | 0 | 0 | 63.44 | 55.44 | 0 |
| Price/Book(x) | 2.15 | 2.55 | 2.13 | 2.12 | 2.45 | 0.75 | 0.52 | 0.42 | 0.85 | 0.7 | 0.84 |
| Dividend Yield(%) | 2.6 | 3.49 | 0.98 | 0.9 | 1.05 | 1.75 | 2.06 | 2.64 | 1.29 | 1.54 | 0 |
| EV/Net Sales(x) | 1.45 | 1.81 | 1.53 | 1.52 | 3.85 | 1.82 | 1.16 | 0.92 | 1.78 | 1.61 | 1.6 |
| EV/Core EBITDA(x) | 8.34 | 9.32 | 15.14 | 11.1 | -74.76 | -20.86 | 91.72 | 25.09 | 15.54 | 17.03 | -304.97 |
| Net Sales Growth(%) | 23.45 | 4.87 | 6.03 | 10.89 | -47.64 | 16.75 | -14.48 | -6.47 | 11.91 | 2.81 | 5.76 |
| EBIT Growth(%) | 52.24 | 44.28 | -62.67 | 74.39 | -156.31 | -53.69 | -101.61 | 22.95 | 240.22 | -50.7 | -666.54 |
| PAT Growth(%) | 58.9 | 49.53 | -55.54 | 43.6 | -165.2 | -88.19 | -101 | -135.48 | 157.03 | -4.63 | -711.67 |
| EPS Growth(%) | 58.66 | 49.25 | -55.54 | 43.28 | 0.49 | 2925.6 | -100.93 | -152.78 | 157.04 | -3.68 | -711.66 |
| Debt/Equity(x) | 0.04 | 0.03 | 0.03 | 0.04 | 0.09 | 0.06 | 0.08 | 0.07 | 0.04 | 0.13 | 0.12 |
| Current Ratio(x) | 1.91 | 2.52 | 2.67 | 2.3 | 1.91 | 5.04 | 4.05 | 2.98 | 2.72 | 2.98 | 2.48 |
| Quick Ratio(x) | 1.34 | 1.64 | 1.68 | 1.46 | 1.19 | 4.45 | 3.38 | 2.28 | 1.66 | 1.89 | 1.51 |
| Interest Cover(x) | 45.4 | 67.55 | 26.45 | 48.44 | -23.59 | -15.2 | -6.96 | -5.14 | 11.06 | 4.6 | -9.19 |
| Total Debt/Mcap(x) | 0.02 | 0.01 | 0.01 | 0.02 | 0.04 | 0.07 | 0.15 | 0.17 | 0.05 | 0.18 | 0.15 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.93 | 50.93 | 50.93 | 50.93 | 50.93 | 50.93 | 50.93 | 70.21 | 70.22 | 70.22 |
| FII | 1.45 | 1.47 | 1.5 | 1.71 | 1.56 | 1.7 | 1.62 | 0.83 | 0.84 | 0.9 |
| DII | 9.3 | 9.59 | 9.53 | 8.7 | 8.2 | 8.16 | 9.64 | 10.01 | 10.47 | 11.27 |
| Public | 38.32 | 38.01 | 38.04 | 38.66 | 39.3 | 39.21 | 37.8 | 18.95 | 18.47 | 17.61 |
| 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 | 3.59 | 3.59 | 3.59 | 3.59 | 3.59 | 3.59 | 3.59 | 4.94 | 4.94 | 4.94 |
| FII | 0.1 | 0.1 | 0.11 | 0.12 | 0.11 | 0.12 | 0.11 | 0.06 | 0.06 | 0.06 |
| DII | 0.66 | 0.68 | 0.67 | 0.61 | 0.58 | 0.57 | 0.68 | 0.7 | 0.74 | 0.79 |
| Public | 2.7 | 2.68 | 2.68 | 2.72 | 2.77 | 2.76 | 2.66 | 1.33 | 1.3 | 1.24 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7.04 | 7.04 | 7.04 | 7.04 | 7.04 | 7.04 | 7.04 | 7.04 | 7.04 | 7.04 |
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