Torrent Pharmaceuticals Ltd
Torrent Pharmaceuticals Ltd is one of the leading Indian Pharmaceutical Company engaged in research, development, manufacturing and marketing of generic pharmaceutical formulations.[1]
It is the flagship company of Torrent Group which also has presence in power and city gas distribution businesses.[2]
- Market Cap ₹ 94,466 Cr.
- Current Price ₹ 2,791
- High / Low ₹ 2,980 / 1,771
- Stock P/E 69.6
- Book Value ₹ 202
- Dividend Yield 1.00 %
- ROCE 20.9 %
- ROE 20.4 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 74.2%
Cons
- Stock is trading at 13.8 times its book value
- The company has delivered a poor sales growth of 8.17% over past five years.
* 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 - Formulations
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,760 | 3,358 | 3,468 | 5,439 | 4,551 | 4,244 | 5,762 | 6,168 | 6,451 | 6,742 | 7,695 | 8,533 | |
2,076 | 2,294 | 2,624 | 2,990 | 3,424 | 3,337 | 4,149 | 4,251 | 4,259 | 4,642 | 5,230 | 5,643 | |
Operating Profit | 684 | 1,065 | 843 | 2,450 | 1,127 | 907 | 1,613 | 1,917 | 2,192 | 2,101 | 2,465 | 2,890 |
OPM % | 25% | 32% | 24% | 45% | 25% | 21% | 28% | 31% | 34% | 31% | 32% | 34% |
89 | 32 | 306 | 292 | 300 | 332 | 382 | 237 | 118 | 204 | 82 | 91 | |
Interest | 37 | 58 | 173 | 180 | 202 | 294 | 481 | 430 | 334 | 236 | 298 | 303 |
Depreciation | 72 | 79 | 180 | 213 | 269 | 384 | 579 | 607 | 610 | 602 | 672 | 761 |
Profit before tax | 665 | 958 | 796 | 2,348 | 955 | 562 | 935 | 1,117 | 1,366 | 1,466 | 1,577 | 1,917 |
Tax % | 18% | 20% | 22% | 26% | 11% | 14% | 20% | 16% | 17% | 32% | 33% | 29% |
546 | 762 | 623 | 1,743 | 854 | 482 | 745 | 939 | 1,138 | 991 | 1,051 | 1,357 | |
EPS in Rs | 16.15 | 22.53 | 18.42 | 51.51 | 25.24 | 14.24 | 22.03 | 27.73 | 33.62 | 29.30 | 31.07 | 40.10 |
Dividend Payout % | 36% | 22% | 31% | 34% | 28% | 49% | 39% | 58% | 52% | 82% | 71% | 70% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 8% |
3 Years: | 10% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 14% |
3 Years: | 6% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 29% |
3 Years: | 24% |
1 Year: | 47% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 18% |
3 Years: | 18% |
Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 42 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 169 | 169 |
Reserves | 1,609 | 2,205 | 2,621 | 3,623 | 4,369 | 4,472 | 4,931 | 5,036 | 5,945 | 6,261 | 6,287 | 6,660 |
693 | 1,132 | 2,521 | 2,249 | 2,446 | 5,845 | 5,623 | 5,294 | 4,404 | 3,348 | 4,575 | 3,344 | |
1,012 | 911 | 1,270 | 1,332 | 1,152 | 1,419 | 1,389 | 1,469 | 1,327 | 1,460 | 1,840 | 2,204 | |
Total Liabilities | 3,356 | 4,333 | 6,497 | 7,289 | 8,051 | 11,820 | 12,027 | 11,884 | 11,761 | 11,153 | 12,872 | 12,377 |
791 | 836 | 2,764 | 2,681 | 3,523 | 7,429 | 7,425 | 7,198 | 6,741 | 6,251 | 7,972 | 8,008 | |
CWIP | 276 | 508 | 628 | 984 | 473 | 447 | 498 | 536 | 588 | 568 | 698 | 204 |
Investments | 190 | 322 | 434 | 918 | 936 | 625 | 486 | 135 | 314 | 368 | 361 | 463 |
2,098 | 2,667 | 2,672 | 2,705 | 3,119 | 3,319 | 3,618 | 4,016 | 4,118 | 3,966 | 3,841 | 3,702 | |
Total Assets | 3,356 | 4,333 | 6,497 | 7,289 | 8,051 | 11,820 | 12,027 | 11,884 | 11,761 | 11,153 | 12,872 | 12,377 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-69 | 310 | 1,065 | 2,403 | 676 | 929 | 1,232 | 1,580 | 1,573 | 2,140 | 2,265 | 2,893 | |
-89 | -326 | -2,099 | -584 | -527 | -4,207 | -373 | 269 | -316 | -160 | -2,326 | -296 | |
25 | 86 | 996 | -1,326 | -130 | 2,929 | -928 | -1,555 | -1,581 | -1,977 | 81 | -2,577 | |
Net Cash Flow | -133 | 70 | -38 | 493 | 19 | -349 | -69 | 294 | -325 | 3 | 20 | 20 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 110 | 143 | 124 | 61 | 82 | 95 | 86 | 89 | 87 | 83 | 82 | 67 |
Inventory Days | 260 | 253 | 263 | 299 | 272 | 425 | 321 | 336 | 418 | 344 | 273 | 268 |
Days Payable | 168 | 175 | 212 | 205 | 144 | 254 | 138 | 152 | 142 | 119 | 104 | 130 |
Cash Conversion Cycle | 202 | 222 | 175 | 155 | 209 | 267 | 269 | 273 | 364 | 308 | 251 | 205 |
Working Capital Days | 100 | 144 | 120 | 53 | 120 | 100 | 51 | 49 | 159 | 149 | 116 | 102 |
ROCE % | 35% | 35% | 22% | 44% | 17% | 9% | 13% | 14% | 16% | 17% | 18% |
Documents
Announcements
- Submission Of The Annual Report For The FY 2023-24 And The Notice Convening 51St Annual General Meeting Of The Company. 16h
- Business Responsibility and Sustainability Reporting (BRSR) 16h
- Reg. 34 (1) Annual Report. 16h
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Jun - Newspaper Advertisement - Intimation of the 51st Annual General Meeting of the Company through Video Conferencing / Other Audio Visual Means ("VC / OAVM") facility
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Aug 2023TranscriptPPT
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May 2023TranscriptPPT
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Sep 2022TranscriptNotesPPT
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May 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Jul 2020TranscriptPPT
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May 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Jul 2019TranscriptPPT
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May 2019TranscriptPPT
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Jan 2019TranscriptPPT
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Oct 2018TranscriptPPT
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Jul 2018TranscriptPPT
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May 2018TranscriptNotesPPT
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May 2018Transcript PPT
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Feb 2018Transcript PPT
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Feb 2018TranscriptNotesPPT
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Oct 2017TranscriptPPT
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May 2017TranscriptPPT
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Jan 2017TranscriptPPT
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Oct 2016TranscriptPPT
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May 2016TranscriptPPT
Product Offerings
The company manufactures pharmaceutical products under various dosage forms such as oral solids, oral liquids, topicals, suppositories, Human insulin and synthetic APIs. API manufacturing is predominantly aimed at captive consumption.[1]