Bal Pharma Ltd

Bal Pharma Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bal Pharma Ltd

₹ 117 5.16%
24 Jul - close price
balpharma.com BSE: 524824 NSE: BALPHARMA
About

Incorporated in 1987, Bal Pharma Ltd does manufacturing and selling of pharmaceutical products and related services[1]

Key Points

Business Overview:[1]
BALPL is a fully integrated pharmaceuticals company specialising in Bulk Drugs, Prescription Drugs, Generics, Pharma intermediates, and Ayurvedic products. Company focuses on therapeutic areas viz. Anti-diabetes, Anti-histamine, Anti-inflammatory, Acne Treatment, Gastroenterology, Cardiology, and dermatology. Company is one of Gliclazide's largest producers and exporters, a medicine to treat type-2 diabetes.

Website BSE NSE
  • Market Cap ₹ 185 Cr.
  • Current Price ₹ 117
  • High / Low ₹ 132 / 81.2
  • Stock P/E 18.0
  • Book Value ₹ 66.8
  • Dividend Yield 0.86 %
  • ROCE 11.9 %
  • ROE 10.2 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.70% over past five years.
  • Company has a low return on equity of 8.76% over last 3 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 - Bulk Drugs & Formln

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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
70.29 70.61 67.00 68.99 73.76 69.51 75.05 76.56 81.97 70.17 92.30 81.50 94.58
63.33 63.40 60.59 62.88 70.27 64.06 69.04 70.25 73.70 63.33 84.64 73.95 84.26
Operating Profit 6.96 7.21 6.41 6.11 3.49 5.45 6.01 6.31 8.27 6.84 7.66 7.55 10.32
OPM % 9.90% 10.21% 9.57% 8.86% 4.73% 7.84% 8.01% 8.24% 10.09% 9.75% 8.30% 9.26% 10.91%
1.17 0.53 0.91 1.11 3.94 0.56 0.38 0.77 0.44 0.45 0.41 0.24 2.23
Interest 3.12 3.02 2.58 2.36 2.45 2.37 2.83 3.12 3.84 3.64 3.82 3.56 4.12
Depreciation 2.33 1.70 1.72 1.71 2.11 1.83 1.96 2.03 1.66 2.12 2.02 2.55 1.76
Profit before tax 2.68 3.02 3.02 3.15 2.87 1.81 1.60 1.93 3.21 1.53 2.23 1.68 6.67
Tax % -63.43% 49.34% -0.99% 61.27% 3.14% 22.10% 29.38% 23.83% 33.64% 22.22% 28.25% 25.00% 6.75%
4.38 1.53 3.05 1.22 2.78 1.41 1.13 1.47 2.12 1.20 1.60 1.26 6.22
EPS in Rs 2.95 1.03 2.06 0.82 1.88 0.91 0.73 0.94 1.35 0.76 1.02 0.80 3.94
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
148 179 187 198 226 210 223 171 249 280 303 339
131 161 170 181 206 187 203 164 223 257 277 306
Operating Profit 17 18 18 17 20 23 20 7 27 23 26 32
OPM % 12% 10% 9% 9% 9% 11% 9% 4% 11% 8% 9% 10%
1 1 1 2 3 2 3 4 3 6 2 3
Interest 8 7 7 6 8 9 13 13 12 11 12 15
Depreciation 5 5 7 7 6 7 6 7 7 7 7 8
Profit before tax 5 7 5 5 9 8 4 -9 10 12 9 12
Tax % 16% 23% 23% 46% 38% 30% -53% -2% 7% 29% 28% 15%
4 5 4 3 5 6 7 -9 9 9 6 10
EPS in Rs 4.05 4.56 3.12 2.18 3.75 4.19 4.77 -6.28 6.14 5.79 3.91 6.50
Dividend Payout % 19% 22% 32% 46% 27% 24% 21% 0% 16% 17% 26% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 11%
TTM: 12%
Compounded Profit Growth
10 Years: 7%
5 Years: 9%
3 Years: 4%
TTM: 68%
Stock Price CAGR
10 Years: 7%
5 Years: 20%
3 Years: 6%
1 Year: 24%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 9%
Last Year: 10%

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 11 11 13 13 14 14 14 14 15 15 16 16
Reserves 33 37 41 42 52 58 63 52 64 72 80 90
53 51 49 70 74 91 104 99 104 98 125 134
53 56 61 69 78 88 76 74 78 104 126 122
Total Liabilities 150 155 164 193 219 251 257 239 262 290 348 361
52 55 52 56 60 58 57 56 53 53 63 65
CWIP 1 0 1 4 2 0 0 0 0 1 0 0
Investments 0 0 1 1 0 7 7 7 8 8 8 16
97 99 110 132 157 185 193 176 200 227 276 280
Total Assets 150 155 164 193 219 251 257 239 262 290 348 361

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
16 13 14 1 6 13 12 22 10 31 5 29
-4 -7 -6 -14 -8 -16 -12 -3 -7 -13 -22 -18
-11 -8 -7 12 2 4 0 -20 -3 -17 17 -8
Net Cash Flow 2 -2 2 -0 0 1 -0 -2 0 -0 0 3

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 107 93 88 105 99 111 107 110 102 101 114 111
Inventory Days 157 122 132 145 171 240 217 291 146 162 210 167
Days Payable 150 129 142 163 168 183 148 170 118 158 195 171
Cash Conversion Cycle 115 86 78 87 101 168 176 232 130 105 129 107
Working Capital Days 99 98 94 110 122 162 179 206 180 154 175 169
ROCE % 13% 14% 12% 10% 13% 12% 10% 2% 13% 12% 10% 12%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
46.87% 49.57% 49.57% 52.00% 52.00% 51.61% 51.61% 51.61% 51.61% 51.24% 51.24% 51.24%
0.15% 0.31% 0.31% 0.30% 0.20% 0.18% 0.17% 0.17% 0.14% 0.13% 0.13% 0.13%
52.98% 50.12% 50.12% 47.71% 47.80% 48.21% 48.23% 48.23% 48.25% 48.64% 48.64% 48.63%
No. of Shareholders 16,31916,04916,22316,31716,17016,46616,02915,86915,52915,06014,77215,014

* 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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Documents

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  • Feb 2023
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  • Sep 2022
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