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Fincash » Search » Indoco Remedies Ltd

Indoco Remedies Ltd

Updated on October 15, 2020

Stock/Share Code - INDOCO

Indoco Remedies is engaged in the manufacturing and marketing of Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs).(Source : 201903 Annual Report Page No: 33)

Below is the details of INDOCO Indoco Remedies Ltd

Market Cap₹2,111 Cr.
Current Price ₹252.9 as on 21 Oct 20
52 Week High / Low Price₹285 / ₹132.45
Face Value₹2
Stock P/E53.71
Book Value₹73.81
Dividend Yield0.13 %
ROCE5.97 %
ROE3.62 %
Sales Growth (3yrs)1.04 %
SectorPharmaceuticals
IndustryPharmaceuticals - Indian - Bulk Drugs & Formln
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt.
Cons: Stock is trading at 3.10 times its book value The company has delivered a poor growth of 5.38% over past five years. Company has a low return on equity of 3.08% for last 3 years.

Indoco Remedies Ltd Price Chart

Indoco Remedies Ltd Price Chart

Indoco Remedies Ltd Peer Comparison in Pharmaceuticals

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Sun Pharma.Inds. ₹169.4 28.81 ₹124,825.4 Cr. 0.77 -₹1,655.6 Cr. 24.82 -9.42 7585.25 10.53
2. Dr Reddy's Labs ₹5,046.75 36.47 ₹70,902.77 Cr. 0.59 ₹594.6 Cr. -12.11 14.73 4426.50 11.11
3. Cipla ₹767.1 34.95 ₹57,535.92 Cr. 0.42 ₹577.91 Cr. 20.85 8.95 4346.16 11.77
4. Aurobindo Pharma ₹806.2 15.87 ₹47,396.57 Cr. 0.37 ₹780.58 Cr. 20.99 8.82 5924.78 18.73
5. Biocon ₹439.6 70.21 ₹45,138 Cr. 0.13 ₹149.4 Cr. -27.58 14.56 1671.30 13.11
6. Torrent Pharma. ₹50.45 39.86 ₹45,039.6 Cr. 0.64 ₹321 Cr. 48.61 1.68 2056.00 15.01
7. Cadila Health. ₹426.35 26.88 ₹38,006.44 Cr. 0.94 ₹454 Cr. 49.54 4.11 3639.90 11.83
8. Indoco Remedies 53.71 ₹2,110.7 Cr. 0.13 ₹17.23 Cr. 690.37 9.18 275.86 5.97

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Indoco Remedies Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Sales -285278270218236263252253292289272276
YOY Sales Growth %1.12%0.11%-2.64%4.08%-17.27%-5.59%-6.53%16.15%23.91%10.20%7.94%9.18%
Expenses -244235220206224238223230260254239227
Material Cost %35.20%32.54%32.47%32.77%33.79%33.60%32.16%33.88%30.68%28.62%26.62%29.59%
Employee Cost %19.44%20.82%18.83%25.79%24.82%22.43%22.93%23.99%21.88%23.47%23.13%23.77%
Operating Profit414349121225292332353349
OPM %14%16%18%5%5%9%11%9%11%12%12%18%
Other Income211001511100
Interest728754565786
Depreciation171716171818191718181819
Profit before tax192426-12-11490911824
Tax %-4%7%21%0%26%-37%-24%-679%21%17%31%29%
Net Profit202320-12-8512279517
EPS in Rs2.142.462.22-1.30-0.850.581.260.240.801.010.591.87
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales -3554024805686297268511,0051,0721,0389681,1061,129
Sales Growth %35.37%13.30%19.54%18.21%10.83%15.39%17.23%18.08%6.70%-3.16%-6.79%14.29%
Expenses -308348412483536606686834915903891983980
Material Cost %43.44%44.11%43.44%43.17%41.74%37.08%35.08%34.63%33.54%33.33%33.08%29.88%
Manufacturing Cost %6.63%7.30%7.31%6.81%8.73%5.11%4.99%4.88%4.94%6.01%7.01%0.00%
Employee Cost %13.53%14.06%14.02%14.44%17.14%17.79%16.42%18.06%20.16%21.24%23.92%23.08%
Other Cost %23.37%21.14%21.14%20.67%17.68%23.47%24.11%25.44%26.74%26.44%28.04%31.39%
Operating Profit465468859312016517115713577123149
OPM %13%13%14%15%15%17%19%17%15%13%8%11%13%
Other Income4462122145622
Interest6341622191012624212626
Depreciation11121319243147616368727173
Profit before tax334357514872109999148-92953
Tax %5%2%10%10%12%20%24%17%15%15%69%16%
Net Profit31425146435883827741-32439
EPS in Rs3.304.425.385.044.446.058.668.938.414.470.002.634.27
Dividend Payout %21%20%19%15%24%22%18%18%19%22%-97%11%

Compounded Sales Growth

  • 10 Years:: 10.66%
  • 5 Years:: 5.38%
  • 3 Years:: 1.04%
  • TTM:: 12.59%

Compounded Profit Growth

  • 10 Years:: -5.38%
  • 5 Years:: -21.78%
  • 3 Years:: -31.95%
  • TTM:: 245.95%

Return on Equity

  • 10 Years:: 14.78%
  • 5 Years:: -7.44%
  • 3 Years:: 6.27%
  • 1 Year:: 54.99%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -121212121818181818181818
Equity Capital12.2912.2912.2912.2918.4318.4318.4318.4318.4318.4318.4318.43
Reserves266298338368396439500558633657643662
Borrowings5666991141189194139280282296203
Other Liabilities -82103114157157178229224266280301389
Trade Payables314247756364112123157149171166
Advance from Customers00000000022
Other liability items5161678394115117100109129129223
Total Liabilities4164795636526897268429391,1971,2381,2581,272
Fixed Assets -176197213302321325339373440489468633
Gross Block234268296404447481547642769885934
Accumulated Depreciation587083102126156208268330396467
CWIP1631533338446355911361857
Investments0000001183322
Other Assets -223251298317330356439493664611603630
Inventories52698010293108146164185193183208
Trade receivables1009192114127137154188216208194209
Cash Equivalents293824101213151262123638
Loans n Advances435531374349731411821961957
Other asset items-1-17154554951-13182-6167
Total Assets4164795636526897268429391,1971,2381,2581,272

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity -384838596910011011288123132123
Profit from operations485568799612217417815614680128
Receivables-23-14-28-22-14-50-36-26-314-18
Inventory-8-17-11-219-16-38-17-21-810-25
Payables513839-621481233-1422-4
Loans Advances0000000-10000
Other WC items00000004-3112946
Working capital changes-5-1-18-10-18-8-40-38-44-1456-2
Direct taxes-5-6-12-10-8-15-25-27-24-10-4-4
Cash from Investing Activity --29-47-77-64-43-41-88-113-171-135-104-56
Fixed assets purchased-30-48-81-66-43-42-89-98-190-139-97-58
Fixed assets sold000000001240
Investments purchased-31-160-0-0-0-0-17-0-0-0-0
Investments sold311600000017000
Interest received113201012321
Dividends received000000000000
Other investing items00000001-0-1-121
Cash from Financing Activity -4724-7-26-58-210132-39-16-64
Proceeds from borrowings363237182142753155386523
Repayment of borrowings-15-190-8-1-7-2-7-7-40-49-61
Interest paid fin-6-3-2-6-16-20-14-13-13-19-21-22
Dividends paid-12-3-10-11-12-12-15-33-2-18-11-3
Financial liabilities00000000000-0
Other financing items0000-19-23-1700000
Net Cash Flow139-15-12-011-050-51123

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Ratios

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %12%13%15%14%14%17%21%17%12%7%1%6%
Debtor Days1038270737469666873737369
Inventory Turnover3.443.143.022.892.872.862.512.382.191.971.851.69

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.