Parnax Lab Ltd

Parnax Lab Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Parnax Lab Ltd

₹ 101 -1.08%
04 Jul 2:42 p.m.
naxparlab.com BSE: 506128
About

Incorporated in 1985, Parnax Lab Ltd manufactures and exports Pharmaceutical Formulations[1]

Key Points

Business Overview:[1][2]
PLL is a part Naxpar Group and is a WHO-approved and EHS-compliant Company. It is into contract manufacturing of Liquid Orals, Capsules, Ointments, External Powders & Tablets with its manufacturing facility located
at Silvassa.

Website BSE
  • Market Cap ₹ 116 Cr.
  • Current Price ₹ 101
  • High / Low ₹ 168 / 64.2
  • Stock P/E 63.7
  • Book Value ₹ 18.4
  • Dividend Yield 0.00 %
  • ROCE 12.5 %
  • ROE 8.99 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 58.9 to 28.9 days.

Cons

  • Stock is trading at 5.54 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.31% over last 3 years.
  • Working capital days have increased from 214 days to 320 days

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
0.77 1.74 2.32 0.46 2.63 3.11 0.76 1.16 2.44 1.13 1.83 2.77 1.71
0.98 1.29 2.03 0.62 1.85 2.52 0.82 1.04 1.52 1.10 1.13 1.54 1.54
Operating Profit -0.21 0.45 0.29 -0.16 0.78 0.59 -0.06 0.12 0.92 0.03 0.70 1.23 0.17
OPM % -27.27% 25.86% 12.50% -34.78% 29.66% 18.97% -7.89% 10.34% 37.70% 2.65% 38.25% 44.40% 9.94%
0.01 0.03 0.05 0.02 0.07 0.08 0.03 0.13 0.14 0.11 0.18 0.12 0.11
Interest 0.18 0.18 0.18 0.17 0.17 0.11 0.05 0.06 0.03 0.04 0.07 0.01 0.02
Depreciation 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.03 0.01 0.02 0.01 0.01
Profit before tax -0.39 0.29 0.15 -0.32 0.67 0.55 -0.09 0.18 1.00 0.09 0.79 1.33 0.25
Tax % 30.77% 0.00% 0.00% 0.00% 35.82% 25.45% 55.56% 38.89% 27.00% 22.22% 24.05% 25.56% 28.00%
-0.27 0.29 0.15 -0.32 0.43 0.41 -0.04 0.11 0.73 0.07 0.60 0.99 0.17
EPS in Rs -0.32 0.34 0.18 -0.38 0.44 0.42 -0.03 0.10 0.64 0.06 0.52 0.86 0.15
Raw PDF

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
27.73 19.45 15.86 7.12 5.28 5.80 6.49 7.68 2.37 7.15 7.47 7.44
26.85 19.57 16.19 7.52 4.66 6.68 6.38 7.15 2.82 5.78 5.86 5.33
Operating Profit 0.88 -0.12 -0.33 -0.40 0.62 -0.88 0.11 0.53 -0.45 1.37 1.61 2.11
OPM % 3.17% -0.62% -2.08% -5.62% 11.74% -15.17% 1.69% 6.90% -18.99% 19.16% 21.55% 28.36%
0.94 0.85 0.78 0.66 0.28 0.13 0.51 0.42 0.07 0.16 0.33 0.54
Interest 1.55 1.39 1.41 1.09 1.33 1.28 1.08 1.38 0.83 0.71 0.25 0.14
Depreciation 0.75 0.80 0.80 0.60 0.53 0.44 0.05 0.04 0.04 0.04 0.07 0.06
Profit before tax -0.48 -1.46 -1.76 -1.43 -0.96 -2.47 -0.51 -0.47 -1.25 0.78 1.62 2.45
Tax % 16.67% 17.81% 31.82% 28.67% 30.21% 3.24% -62.75% -325.53% 9.60% 30.77% 25.93% 25.31%
-0.39 -1.21 -1.20 -1.01 -0.67 -2.40 -0.83 -2.00 -1.13 0.54 1.20 1.82
EPS in Rs -0.46 -1.42 -1.41 -1.19 -0.79 -2.82 -0.98 -2.35 -1.33 0.55 1.04 1.58
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -9%
5 Years: 3%
3 Years: 46%
TTM: 0%
Compounded Profit Growth
10 Years: 14%
5 Years: 33%
3 Years: 53%
TTM: 48%
Stock Price CAGR
10 Years: 6%
5 Years: 33%
3 Years: 58%
1 Year: 63%
Return on Equity
10 Years: -5%
5 Years: 1%
3 Years: 8%
Last Year: 9%

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 8.50 8.50 8.50 8.50 8.50 8.50 8.50 8.50 8.50 9.81 11.49 11.49
Reserves 6.53 5.31 4.12 3.10 2.48 0.15 -0.68 -2.68 -3.79 1.12 7.87 9.67
16.13 16.56 18.90 16.91 12.12 12.40 11.23 11.06 11.41 9.20 1.07 0.00
7.57 6.43 3.65 1.75 1.73 2.11 1.36 1.77 1.52 3.40 0.94 1.08
Total Liabilities 38.73 36.80 35.17 30.26 24.83 23.16 20.41 18.65 17.64 23.53 21.37 22.24
8.65 8.00 7.28 6.69 6.36 0.62 0.57 0.53 0.49 0.44 0.43 0.49
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 10.71 10.71 10.71 10.71 10.13 10.02 10.07 10.07 10.07 10.07 10.03 10.03
19.37 18.09 17.18 12.86 8.34 12.52 9.77 8.05 7.08 13.02 10.91 11.72
Total Assets 38.73 36.80 35.17 30.26 24.83 23.16 20.41 18.65 17.64 23.53 21.37 22.24

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
1.11 -0.32 -2.09 1.78 3.67 0.64 1.68 2.20 0.47 -0.36 -0.28 0.08
-0.11 -0.14 -0.08 0.00 0.34 0.12 0.03 -0.01 0.00 0.00 0.14 0.30
-0.45 0.41 2.33 -1.98 -3.78 -1.00 -2.25 -1.55 -0.48 4.59 -2.92 -1.21
Net Cash Flow 0.55 -0.05 0.17 -0.20 0.23 -0.24 -0.55 0.64 -0.01 4.23 -3.07 -0.83

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 136.36 186.35 249.47 382.94 233.66 254.24 140.60 97.90 66.22 94.95 52.77 28.94
Inventory Days 61.24 125.11 50.63 28.42 36.10 55.02 47.76 12.70 145.00 84.81 60.83 109.50
Days Payable 113.65 149.93 72.93 32.86 97.60 173.11 98.93 88.07 285.00 122.38 45.10 86.38
Cash Conversion Cycle 83.96 161.52 227.17 378.50 172.15 136.15 89.43 22.53 -73.78 57.38 68.50 52.06
Working Capital Days 107.67 165.52 218.17 306.56 103.69 434.85 318.88 228.60 625.27 113.84 209.13 319.87
ROCE % 3.39% 0.52% -1.13% -1.13% 1.43% -4.39% 2.84% 5.07% -2.55% 8.22% 9.42%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.59% 62.59% 62.59% 67.58% 67.58% 72.30% 72.30% 72.30% 72.30% 72.30% 72.30% 72.30%
37.41% 37.41% 37.41% 32.42% 32.42% 27.71% 27.71% 27.70% 27.69% 27.69% 27.70% 27.70%
No. of Shareholders 2,2072,1392,2592,4032,6053,0963,0703,0603,2213,5433,5364,496

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