Makers Laboratories Ltd

Makers Labs. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Makers Laboratories Ltd

₹ 165 2.33%
22 Nov - close price
makerslabs.com BSE: 506919
About

Incorporated in 1984, Makers Laboratories Limited is an integrated pharmaceutical company manufacturing and marketing around 200 formulations. [1]

Key Points

Product Portfolio
The Co’s product portfolio covers a wide range of General Health Therapeutic segments. Its top formulation brands are Duramol (Paracetamol), Artemak-AB (a-ß Arteether), Loroquin (Chloroquine), Nimuwin (Nimuselide), Coffwin (Anti-Cough range) and Exylin (Amoxycillin range). [1]

Website BSE
  • Market Cap ₹ 97.3 Cr.
  • Current Price ₹ 165
  • High / Low ₹ 184 / 105
  • Stock P/E 29.5
  • Book Value ₹ 98.8
  • Dividend Yield 0.00 %
  • ROCE -7.84 %
  • ROE -12.7 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company's working capital requirements have reduced from 36.4 days to 21.2 days

Cons

  • The company has delivered a poor sales growth of 0.95% over past five years.
  • Company has a low return on equity of -8.25% over last 3 years.
  • Earnings include an other income of Rs.10.6 Cr.
  • Company's cost of borrowing seems high

* 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
15.07 13.51 9.03 9.67 11.41 10.63 10.84 11.54 14.92 11.17 11.45 12.29 11.50
13.60 12.08 10.05 11.19 12.00 12.48 11.02 13.32 15.63 12.28 11.59 12.56 11.66
Operating Profit 1.47 1.43 -1.02 -1.52 -0.59 -1.85 -0.18 -1.78 -0.71 -1.11 -0.14 -0.27 -0.16
OPM % 9.75% 10.58% -11.30% -15.72% -5.17% -17.40% -1.66% -15.42% -4.76% -9.94% -1.22% -2.20% -1.39%
0.67 0.04 0.08 0.13 0.69 0.14 0.18 0.19 0.69 0.12 0.15 0.14 10.19
Interest 0.46 0.39 0.40 0.37 0.33 0.40 0.28 0.35 0.41 0.42 0.46 0.39 0.33
Depreciation 0.50 0.47 0.47 0.48 0.60 0.66 0.66 0.67 0.68 0.68 0.68 0.71 0.71
Profit before tax 1.18 0.61 -1.81 -2.24 -0.83 -2.77 -0.94 -2.61 -1.11 -2.09 -1.13 -1.23 8.99
Tax % 31.36% -11.48% -11.60% 1.79% -13.25% -7.58% -12.77% -5.75% -10.81% -7.18% 37.17% -1.63% 10.57%
0.81 0.67 -1.60 -2.27 -0.71 -2.57 -0.80 -2.46 -0.99 -1.95 -1.56 -1.22 8.03
EPS in Rs 1.37 1.14 -2.71 -3.85 -1.20 -4.36 -1.36 -4.17 -1.68 -3.30 -2.64 -2.07 13.61
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 TTM
61.55 68.37 64.91 61.41 58.13 55.95 46.60 51.31 44.34 52.34 42.46 48.85 46.41
57.66 65.93 60.53 56.71 52.69 51.28 44.38 48.55 41.03 49.24 46.60 52.60 48.09
Operating Profit 3.89 2.44 4.38 4.70 5.44 4.67 2.22 2.76 3.31 3.10 -4.14 -3.75 -1.68
OPM % 6.32% 3.57% 6.75% 7.65% 9.36% 8.35% 4.76% 5.38% 7.47% 5.92% -9.75% -7.68% -3.62%
1.57 0.21 0.94 0.41 1.24 1.50 2.56 0.18 0.41 0.80 1.14 1.14 10.60
Interest 0.96 0.49 0.39 0.36 0.27 0.36 0.26 0.70 1.60 1.68 1.38 1.63 1.60
Depreciation 1.01 0.97 1.53 1.25 1.08 1.57 1.50 1.99 4.20 1.91 2.40 2.71 2.78
Profit before tax 3.49 1.19 3.40 3.50 5.33 4.24 3.02 0.25 -2.08 0.31 -6.78 -6.95 4.54
Tax % 30.09% 50.42% 30.88% 34.29% 30.77% 27.83% 18.87% 148.00% -22.12% 45.16% -6.05% 0.00%
2.44 0.60 2.35 2.31 3.70 3.06 2.45 -0.12 -1.62 0.17 -6.36 -6.95 3.30
EPS in Rs 4.14 1.02 3.98 3.92 6.27 5.19 4.15 -0.20 -2.75 0.29 -10.78 -11.78 5.60
Dividend Payout % 0.00% 0.00% 20.94% 21.30% 13.30% 16.08% 20.08% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -3%
5 Years: 1%
3 Years: 3%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 148%
Stock Price CAGR
10 Years: 16%
5 Years: 32%
3 Years: -7%
1 Year: 47%
Return on Equity
10 Years: 0%
5 Years: -6%
3 Years: -8%
Last Year: -13%

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 Sep 2024
Equity Capital 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 5.90 5.90 5.90
Reserves 17.39 17.99 19.71 21.42 29.15 31.90 36.78 39.70 44.70 45.38 52.38 45.55 52.39
4.40 2.12 0.80 0.18 1.43 1.29 6.38 13.05 15.99 19.40 11.20 15.37 3.96
12.04 15.99 13.67 13.68 14.70 15.18 11.94 16.20 13.51 15.78 15.30 19.33 13.00
Total Liabilities 38.75 41.02 39.10 40.20 50.20 53.29 60.02 73.87 79.12 85.48 84.78 86.15 75.25
12.26 11.94 11.47 10.39 17.30 16.62 18.10 32.89 30.59 29.94 40.45 39.88 31.83
CWIP 0.01 1.92 2.71 4.23 0.15 0.11 6.42 0.69 0.12 8.94 0.04 0.00 0.10
Investments 4.04 2.50 2.35 2.35 7.12 9.18 11.16 15.04 23.66 22.55 22.52 22.56 22.59
22.44 24.66 22.57 23.23 25.63 27.38 24.34 25.25 24.75 24.05 21.77 23.71 20.73
Total Assets 38.75 41.02 39.10 40.20 50.20 53.29 60.02 73.87 79.12 85.48 84.78 86.15 75.25

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
1.01 1.30 1.32 3.52 5.53 0.21 5.39 4.23 0.67 6.80 -1.42 -3.06
0.81 -1.12 -1.00 -1.49 -2.96 -2.06 -8.31 -8.43 -2.65 -8.78 -3.55 -2.04
-1.85 -0.45 -0.38 -0.91 0.39 -1.09 3.92 2.91 1.37 1.77 4.94 5.12
Net Cash Flow -0.03 -0.27 -0.06 1.12 2.96 -2.95 1.00 -1.29 -0.61 -0.21 -0.04 0.02

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 58.59 66.89 66.58 85.65 75.73 73.20 39.32 53.71 59.19 37.31 64.73 49.09
Inventory Days 100.40 82.37 83.67 60.14 84.04 135.66 147.65 132.22 176.97 159.36 109.67 135.03
Days Payable 90.69 86.93 68.30 73.93 75.31 67.88 49.81 90.79 98.48 52.16 61.39 127.16
Cash Conversion Cycle 68.31 62.33 81.96 71.87 84.46 140.97 137.16 95.14 137.68 144.51 113.01 56.96
Working Capital Days 65.77 65.93 71.53 71.92 44.77 79.33 72.61 44.67 82.73 43.59 44.53 21.15
ROCE % 12.82% 7.81% 13.08% 15.63% 15.54% 13.15% 7.63% 1.80% -1.05% 3.02% -7.77% -7.84%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.37% 58.37% 61.27% 61.28% 61.28% 61.28% 61.28% 61.28% 61.28% 61.28% 61.28% 61.28%
41.63% 41.63% 38.72% 38.73% 38.73% 38.72% 38.73% 38.73% 38.74% 38.73% 38.74% 38.73%
No. of Shareholders 4,0754,6674,7534,8394,6214,4834,4024,2834,1794,1764,0904,008

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