Evoq Remedies Ltd

Evoq Remedies Ltd

₹ 8.67 1.76%
30 Sep 11:32 a.m.
About

Incorporated in 2010, EVOQ Remedies
Ltd is engaged in the trading of pharmaceuticals formulation and allied products[1]

Key Points

Business Overview:[1][2]
Company is in the business of marketing, trading, and distribution of a wide range of pharmaceutical formulation products. Apart from this, the company also deals in trading of active pharmaceutical ingredients, Nutraceutical, Ayurvedic, and Herbal Products

  • Market Cap 21.6 Cr.
  • Current Price 8.67
  • High / Low 19.4 / 8.43
  • Stock P/E 48.0
  • Book Value 18.6
  • Dividend Yield 0.00 %
  • ROCE 1.91 %
  • ROE 1.80 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.46 times its book value
  • Debtor days have improved from 339 to 157 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -62.3%
  • The company has delivered a poor sales growth of 4.50% over past five years.
  • Promoter holding is low: 11.2%
  • Company has a low return on equity of 5.18% over last 3 years.
  • Company has high debtors of 157 days.
  • Working capital days have increased from 1,291 days to 2,645 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: Trading Industry: Trading

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Half Yearly Results

Figures in Rs. Crores

Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
2.76 4.93 11.85 15.79 4.60 3.90 0.15
1.71 4.20 11.12 15.48 8.64 3.83 1.87
Operating Profit 1.05 0.73 0.73 0.31 -4.04 0.07 -1.72
OPM % 38.04% 14.81% 6.16% 1.96% -87.83% 1.79% -1,146.67%
0.00 0.00 0.00 0.00 6.02 0.00 2.26
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 1.05 0.73 0.73 0.31 1.98 0.07 0.54
Tax % 22.86% 0.00% 50.68% 0.00% 33.84% 28.57% 27.78%
0.81 0.73 0.36 0.31 1.31 0.05 0.39
EPS in Rs 810.00 730.00 0.26 0.23 0.96 0.04 0.29
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3.25 9.07 10.02 16.78 20.39 4.05
3.23 9.07 9.07 15.32 24.12 5.69
Operating Profit 0.02 0.00 0.95 1.46 -3.73 -1.64
OPM % 0.62% 0.00% 9.48% 8.70% -18.29% -40.49%
0.00 0.00 0.00 0.00 6.02 2.26
Interest 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.01
Profit before tax 0.02 0.00 0.95 1.46 2.29 0.61
Tax % 0.00% 25.26% 25.34% 29.26% 26.23%
0.01 0.00 0.72 1.09 1.62 0.45
EPS in Rs 10.00 0.00 720.00 0.80 1.19 0.33
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: -26%
TTM: -80%
Compounded Profit Growth
10 Years: %
5 Years: 114%
3 Years: -15%
TTM: -72%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -39%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 5%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.01 0.01 0.01 13.60 13.60 13.60
Reserves 0.01 0.01 0.73 9.57 11.19 11.64
0.00 0.01 0.00 8.16 9.58 4.24
2.12 5.62 7.30 2.00 0.53 7.39
Total Liabilities 2.14 5.65 8.04 33.33 34.90 36.87
0.00 0.00 0.00 0.00 0.01 0.01
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00
2.14 5.65 8.04 33.33 34.89 36.86
Total Assets 2.14 5.65 8.04 33.33 34.90 36.87

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.01 -0.02 0.03 -26.43 -4.35 5.32
0.00 0.00 0.00 0.00 -0.01 -0.01
0.00 0.00 0.00 29.49 1.42 -5.34
Net Cash Flow 0.01 -0.02 0.03 3.06 -2.94 -0.03

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 138.14 189.94 249.16 552.50 308.25 156.81
Inventory Days 3.39 2.42 6.97 20.66 38.33 732.34
Days Payable 239.57 226.66 315.25 32.05 -10.20 767.44
Cash Conversion Cycle -98.04 -34.30 -59.11 541.11 356.78 121.72
Working Capital Days 1.12 1.21 26.23 614.06 612.39 2,645.12
ROCE % 0.00% 246.75% 9.11% 6.97% 1.91%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Jun 2024
73.53% 73.53% 73.53% 73.53% 20.53% 11.21%
26.47% 26.48% 26.47% 26.47% 79.47% 88.79%
No. of Shareholders 8247277077271,6721,588

Documents