Gujarat Themis Biosyn Ltd

Guj. Themis Bio. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gujarat Themis Biosyn Ltd

₹ 411 0.35%
21 May 12:42 p.m.
gtbl.in BSE: 506879
About

Incorporated in 1981, Gujarat Themis Biosyn
Ltd manufactures and sells finished Active Pharmaceutical Ingredients products by fermentation process[1]

Key Points

Business Overview[1][2]
Company manufactures pharmaceuticals and medicinal chemicals. It is actively managed by Themis Medicare Ltd. (JV company of Gedeon Richter Ltd, Hungary). GTBL entered into Technical & Financial collaboration with Yuhan Corporation, South Korea, and became India’s first Company to start commercial production of the Anti-tuberculosis drug Rifampicin.

Website BSE
  • Market Cap ₹ 2,988 Cr.
  • Current Price ₹ 411
  • High / Low ₹ 435 / 146
  • Stock P/E 50.5
  • Book Value ₹ 27.7
  • Dividend Yield 0.26 %
  • ROCE 45.0 %
  • ROE 33.8 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 56.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.4%
  • Company has been maintaining a healthy dividend payout of 22.8%
  • Company's working capital requirements have reduced from 100 days to 53.3 days

Cons

  • Stock is trading at 14.8 times its book value
  • Promoter holding has decreased over last 3 years: -4.13%

* 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.

Peer comparison

Sector: Pharmaceuticals Industry: Pharmaceuticals - Indian - Bulk Drugs

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
23 32 35 19 29 45 48 28 28 50 40 39 42
15 16 17 9 16 22 23 16 13 26 23 21 21
Operating Profit 8 17 18 10 13 23 24 12 14 24 17 17 21
OPM % 36% 52% 53% 53% 45% 51% 51% 43% 52% 47% 42% 45% 50%
1 1 1 1 2 1 1 2 2 1 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 8 17 18 10 14 24 25 13 16 24 17 18 21
Tax % 29% 25% 25% 26% 29% 25% 26% 26% 25% 26% 26% 26% 24%
6 13 14 7 10 18 19 10 12 18 13 13 16
EPS in Rs 0.80 1.78 1.90 0.98 1.35 2.45 2.58 1.35 1.61 2.44 1.73 1.79 2.19
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Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
28 30 31 33 36 39 41 85 91 115 149 170
25 24 25 27 30 33 34 53 50 57 75 91
Operating Profit 3 6 7 6 6 6 7 32 40 58 74 79
OPM % 11% 21% 21% 19% 17% 16% 18% 37% 45% 51% 50% 46%
0 0 -0 0 0 0 2 2 3 4 6 4
Interest 1 1 0 0 0 0 0 1 1 1 0 0
Depreciation 1 1 1 1 1 1 1 1 2 2 3 4
Profit before tax 1 5 5 5 5 5 8 31 41 59 77 79
Tax % 0% 0% 0% 0% 10% 20% 22% 24% 26% 26% 25% 25%
1 5 5 5 4 4 6 24 30 44 58 59
EPS in Rs 0.15 0.62 0.63 0.64 0.60 0.53 0.88 3.26 4.16 6.01 7.98 8.14
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 10% 0% 37% 14% 18%
Compounded Sales Growth
10 Years: 19%
5 Years: 33%
3 Years: 23%
TTM: 14%
Compounded Profit Growth
10 Years: 29%
5 Years: 56%
3 Years: 25%
TTM: 2%
Stock Price CAGR
10 Years: 66%
5 Years: 121%
3 Years: 95%
1 Year: 160%
Return on Equity
10 Years: %
5 Years: 45%
3 Years: 41%
Last Year: 34%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 7 7 7 7 7 7 7 7 7 7 7
Reserves -17 -13 -8 -3 1 5 11 35 63 96 142 194
11 9 6 3 4 1 6 8 5 1 0 3
17 13 9 8 9 8 8 14 14 18 17 17
Total Liabilities 18 16 15 15 21 20 33 64 88 122 166 221
12 11 10 9 11 11 15 17 19 19 33 38
CWIP 0 0 0 0 0 0 1 0 2 13 21 91
Investments 0 0 0 0 0 0 0 0 0 0 0 1
6 5 5 5 11 10 17 47 67 90 113 91
Total Assets 18 16 15 15 21 20 33 64 88 122 166 221

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 4 3 4 3 6 1 1 11 40 40 64
-3 -0 -0 -1 -3 -1 -6 -3 -2 -30 -20 -55
2 -3 -3 -3 -0 -4 5 2 -5 -14 -13 -9
Net Cash Flow -0 1 -1 -0 0 1 0 -0 3 -4 6 0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 37 15 28 24 71 26 52 87 59 80 44 58
Inventory Days 58 78 194 144 255 201 33
Days Payable 1,498 947 240 84 145 131 99
Cash Conversion Cycle -1,403 15 28 24 71 -844 52 41 119 189 114 -7
Working Capital Days -172 -128 -76 -69 -30 -43 -58 42 96 158 90 53
ROCE % 208% 121% 81% 55% 42% 45% 84% 67% 67% 61%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.99% 74.99% 74.99% 74.99% 74.99% 75.00% 75.00% 75.00% 75.00% 75.00% 70.87% 70.87%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.86% 1.05%
0.03% 0.03% 0.31% 0.31% 0.31% 0.03% 0.03% 0.03% 0.03% 0.03% 0.04% 0.82%
24.97% 24.97% 24.70% 24.70% 24.69% 24.98% 24.96% 24.95% 24.95% 24.96% 28.23% 27.26%
No. of Shareholders 10,15812,93013,05913,91713,83014,90416,55016,80417,37319,84628,65529,576

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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