Bal Pharma Ltd

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

Bal Pharma Ltd

₹ 121 -0.17%
20 Dec - 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 - BE
  • Market Cap ₹ 192 Cr.
  • Current Price ₹ 121
  • High / Low ₹ 158 / 89.0
  • Stock P/E 25.2
  • Book Value ₹ 43.2
  • Dividend Yield 0.99 %
  • ROCE 12.1 %
  • ROE 11.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 37.7%

Cons

  • Stock is trading at 2.80 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.37%
  • The company has delivered a poor sales growth of 8.55% over past five years.
  • Company has a low return on equity of 8.09% 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

Consolidated Figures in Rs. Crores / View Standalone

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
67.17 69.17 74.05 69.84 75.31 76.62 82.45 70.39 92.54 81.66 94.63 74.36 73.69
60.84 62.95 70.60 64.80 69.53 70.47 74.29 63.95 84.84 73.87 85.03 67.89 66.00
Operating Profit 6.33 6.22 3.45 5.04 5.78 6.15 8.16 6.44 7.70 7.79 9.60 6.47 7.69
OPM % 9.42% 8.99% 4.66% 7.22% 7.67% 8.03% 9.90% 9.15% 8.32% 9.54% 10.14% 8.70% 10.44%
0.56 0.75 3.70 0.24 0.05 0.46 0.19 0.16 0.14 0.10 2.45 0.82 -0.20
Interest 2.63 2.36 2.45 2.37 2.86 3.11 3.85 3.64 3.82 3.66 4.14 4.24 3.65
Depreciation 2.21 2.21 2.42 2.23 2.37 2.45 2.09 2.53 2.42 2.96 2.16 2.43 2.48
Profit before tax 2.05 2.40 2.28 0.68 0.60 1.05 2.41 0.43 1.60 1.27 5.75 0.62 1.36
Tax % 31.71% 80.42% 3.95% 58.82% 78.33% 43.81% 32.78% 79.07% 39.38% 33.07% 3.65% 58.06% 23.53%
1.39 0.48 2.19 0.28 0.12 0.59 1.62 0.09 0.97 0.85 5.53 0.26 1.04
EPS in Rs 0.93 0.43 1.33 0.18 0.07 0.36 1.02 0.05 0.61 0.56 3.46 0.16 0.65
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
114 179 187 198 229 211 225 171 251 281 304 339 324
104 161 170 183 214 194 207 166 226 257 279 307 293
Operating Profit 10 18 17 15 15 17 18 5 25 24 25 32 32
OPM % 9% 10% 9% 7% 6% 8% 8% 3% 10% 9% 8% 9% 10%
1 1 1 1 3 2 1 2 1 5 1 3 3
Interest 7 7 7 6 8 9 13 13 12 11 12 15 16
Depreciation 3 5 7 7 6 7 6 8 10 9 9 10 10
Profit before tax 1 7 5 3 3 3 -0 -14 4 9 5 9 9
Tax % 60% 23% 25% 90% 114% 87% -1,175% -5% -15% 38% 45% 18%
0 5 4 1 -0 0 2 -13 5 6 3 7 8
EPS in Rs 0.39 4.56 2.82 1.10 1.24 1.96 2.67 -8.62 3.20 3.78 1.64 4.68 4.83
Dividend Payout % 0% 22% 35% 91% 81% 51% 37% 0% 31% 26% 61% 26%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 11%
TTM: 1%
Compounded Profit Growth
10 Years: 4%
5 Years: 28%
3 Years: 16%
TTM: 138%
Stock Price CAGR
10 Years: 6%
5 Years: 25%
3 Years: 6%
1 Year: 19%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 8%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 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 10 11 13 13 14 14 14 14 15 15 16 16 16
Reserves 26 39 42 42 48 51 52 38 39 44 48 53 53
58 51 49 89 93 110 124 118 110 104 131 140 155
41 54 59 67 78 86 71 68 76 98 116 108 116
Total Liabilities 135 155 164 211 233 260 261 238 240 261 311 317 340
48 55 52 56 60 71 70 71 69 67 76 77 79
CWIP 0 0 1 4 2 0 4 3 0 2 0 0 2
Investments 0 0 0 0 0 0 0 0 0 0 0 7 11
87 99 111 151 172 188 187 164 172 192 235 233 248
Total Assets 135 155 164 211 233 260 261 238 240 261 311 317 340

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 13 15 -19 6 1 8 23 22 27 -2 23
-2 -7 -5 -14 -8 -4 -8 -5 -6 -9 -22 -19
-2 -8 -7 32 -6 4 0 -20 -17 -17 24 -1
Net Cash Flow 1 -2 2 -1 -8 1 -0 -2 0 0 0 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 118 93 88 105 99 111 105 106 98 98 113 107
Inventory Days 191 122 132 145 172 240 217 292 146 162 207 167
Days Payable 157 129 142 163 171 182 147 167 114 143 167 147
Cash Conversion Cycle 153 86 78 87 100 168 175 231 130 117 153 127
Working Capital Days 141 98 92 142 140 163 166 180 129 109 134 123
ROCE % 8% 11% 7% 8% 8% 7% -0% 10% 12% 10% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.57% 49.57% 52.00% 52.00% 51.61% 51.61% 51.61% 51.61% 51.24% 51.24% 51.24% 50.87%
0.31% 0.31% 0.30% 0.20% 0.18% 0.17% 0.17% 0.14% 0.13% 0.13% 0.13% 0.13%
50.12% 50.12% 47.71% 47.80% 48.21% 48.23% 48.23% 48.25% 48.64% 48.64% 48.63% 49.01%
No. of Shareholders 16,04916,22316,31716,17016,46616,02915,86915,52915,06014,77215,01416,007

* 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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Concalls

  • Feb 2023
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  • Sep 2022
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  • Sep 2022
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