Divis Laboratories Ltd
Incorporated in 1990, Divis Laboratories Ltd manufactures and exports API's, Intermediates and Nutraceutical ingredients[1]
- Market Cap ₹ 1,55,308 Cr.
- Current Price ₹ 5,848
- High / Low ₹ 6,449 / 3,350
- Stock P/E 84.5
- Book Value ₹ 514
- Dividend Yield 0.51 %
- ROCE 16.3 %
- ROE 12.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 40.5%
Cons
- Stock is trading at 11.4 times its book value
- The company has delivered a poor sales growth of 9.45% over past five 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
Part of BSE LargeCap BSE Dollex 200 Nifty Next 50 BSE 250 LargeMidCap Index BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,129 | 2,514 | 3,084 | 3,720 | 4,024 | 3,816 | 4,880 | 5,311 | 6,799 | 8,880 | 7,625 | 7,665 | 8,432 | |
1,306 | 1,492 | 1,914 | 2,314 | 2,582 | 2,558 | 3,028 | 3,491 | 3,971 | 5,000 | 5,275 | 5,486 | 5,874 | |
Operating Profit | 823 | 1,022 | 1,170 | 1,406 | 1,441 | 1,258 | 1,851 | 1,820 | 2,828 | 3,880 | 2,350 | 2,179 | 2,558 |
OPM % | 39% | 41% | 38% | 38% | 36% | 33% | 38% | 34% | 42% | 44% | 31% | 28% | 30% |
49 | 81 | 36 | 92 | 73 | 106 | 155 | 187 | 57 | 109 | 348 | 333 | 357 | |
Interest | 3 | 3 | 3 | 4 | 3 | 2 | 5 | 7 | 2 | 2 | 2 | 4 | 3 |
Depreciation | 77 | 92 | 136 | 118 | 123 | 142 | 169 | 186 | 255 | 311 | 342 | 376 | 384 |
Profit before tax | 792 | 1,009 | 1,067 | 1,375 | 1,388 | 1,219 | 1,833 | 1,813 | 2,628 | 3,677 | 2,354 | 2,132 | 2,528 |
Tax % | 23% | 22% | 21% | 19% | 24% | 29% | 27% | 24% | 26% | 20% | 23% | 26% | |
611 | 792 | 847 | 1,111 | 1,053 | 870 | 1,333 | 1,373 | 1,955 | 2,949 | 1,808 | 1,576 | 1,837 | |
EPS in Rs | 23.03 | 29.82 | 31.90 | 41.84 | 39.68 | 32.76 | 50.20 | 51.71 | 73.63 | 111.07 | 68.11 | 59.37 | 69.20 |
Dividend Payout % | 33% | 34% | 31% | 24% | 25% | 31% | 32% | 31% | 27% | 27% | 44% | 50% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 9% |
3 Years: | 4% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 4% |
3 Years: | -7% |
TTM: | 39% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 26% |
3 Years: | 10% |
1 Year: | 58% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 19% |
3 Years: | 18% |
Last Year: | 12% |
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 | 27 | 27 | 27 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 |
Reserves | 2,527 | 3,008 | 3,535 | 4,304 | 5,356 | 5,907 | 6,920 | 7,264 | 9,218 | 11,638 | 12,652 | 13,431 | 13,582 |
33 | 18 | 27 | 42 | 36 | 63 | 106 | 34 | 0 | -0 | -0 | -0 | 5 | |
610 | 731 | 886 | 566 | 765 | 785 | 961 | 1,164 | 1,452 | 1,617 | 1,647 | 1,878 | 1,827 | |
Total Liabilities | 3,196 | 3,784 | 4,475 | 4,965 | 6,210 | 6,808 | 8,040 | 8,514 | 10,724 | 13,308 | 14,352 | 15,362 | 15,467 |
908 | 1,222 | 1,309 | 1,439 | 1,559 | 1,996 | 2,087 | 2,776 | 3,699 | 4,321 | 4,719 | 4,737 | 4,655 | |
CWIP | 303 | 144 | 218 | 264 | 444 | 120 | 492 | 920 | 711 | 470 | 212 | 778 | 1,316 |
Investments | 411 | 505 | 736 | 813 | 1,639 | 1,897 | 1,953 | 979 | 7 | 79 | 84 | 89 | 92 |
1,573 | 1,913 | 2,212 | 2,450 | 2,568 | 2,795 | 3,508 | 3,839 | 6,307 | 8,438 | 9,337 | 9,758 | 9,404 | |
Total Assets | 3,196 | 3,784 | 4,475 | 4,965 | 6,210 | 6,808 | 8,040 | 8,514 | 10,724 | 13,308 | 14,352 | 15,362 | 15,467 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
483 | 558 | 822 | 1,036 | 1,149 | 765 | 964 | 1,208 | 1,947 | 1,910 | 2,447 | 1,266 | |
-254 | -305 | -521 | -411 | -1,137 | -476 | -684 | -81 | 75 | -2,195 | -2,707 | -268 | |
-231 | -248 | -303 | -630 | 3 | -314 | -246 | -1,091 | -34 | -532 | -796 | -798 | |
Net Cash Flow | -2 | 5 | -1 | -5 | 15 | -25 | 34 | 36 | 1,988 | -817 | -1,056 | 200 |
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 | 96 | 115 | 97 | 95 | 91 | 106 | 96 | 105 | 94 | 106 | 94 | 108 |
Inventory Days | 369 | 355 | 335 | 284 | 291 | 311 | 324 | 299 | 322 | 316 | 329 | 347 |
Days Payable | 72 | 59 | 67 | 56 | 103 | 98 | 94 | 99 | 118 | 92 | 88 | 94 |
Cash Conversion Cycle | 392 | 411 | 365 | 323 | 280 | 319 | 325 | 305 | 298 | 330 | 335 | 361 |
Working Capital Days | 156 | 165 | 149 | 169 | 156 | 191 | 181 | 186 | 155 | 178 | 190 | 207 |
ROCE % | 33% | 36% | 32% | 35% | 28% | 21% | 28% | 24% | 32% | 35% | 19% | 16% |
Documents
Announcements
-
Resubmission - Disclosure Under Regulation 30 Of The SEBI (LODR), Regulations, 2015
5 Dec - Resubmission of penalty details under SEBI regulations.
-
Clarification /Confirmation On News Item Appearing In 'Media/Publication' Under Regulation 30 Of SEBI (LODR) Regulations, 2015
5 Dec - Divi's Labs clarifies media report on patent lawsuits.
-
Intimation Of Action(S) Taken Or Orders Passed
4 Dec - Penalty of ₹6 lakhs for procedural delay in submissions.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
15 Nov - Transcript of Q2 FY2025 earnings conference call.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Newspaper Clippings - Extracts of unaudited financial results for the quarter and half year ended September 30, 2024
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
Concalls
-
Nov 2024TranscriptPPTREC
-
Aug 2024TranscriptPPTREC
-
May 2024TranscriptPPTREC
-
May 2024TranscriptNotesPPTREC
-
Feb 2024TranscriptPPTREC
-
Nov 2023TranscriptPPT
-
Nov 2023TranscriptPPT
-
Aug 2023TranscriptPPTREC
-
May 2023TranscriptPPTREC
-
Feb 2023TranscriptPPT
-
Nov 2022TranscriptPPT
-
Aug 2022TranscriptPPT
-
May 2022TranscriptPPT
-
Feb 2022TranscriptPPT
-
Nov 2021TranscriptPPT
-
May 2021TranscriptPPT
-
Jan 2021TranscriptPPT
-
Oct 2020TranscriptPPT
-
Aug 2020TranscriptPPT
-
May 2020TranscriptNotesPPTREC
-
Mar 2017TranscriptPPT
Business Overview:[1]
Company manufactures Generic Active pharmaceuticals ingredients, Custom synthesis of APIs & Intermediates along with Nutraceuticals for Global Pharmaceutical & Nutraceutical industry. These are segmented as:
a) Generic APIs:[2]
Company manufactures 30 Large Volume Generic APIs in 10’s to 100’s/1000’s of Tons each year and exports them to 100+ countries. Further, there are 10 APIs in various stages of R&D and pilot scale development
b) Custom Synthesis:[3]
Company under Custom Synthesis of APIs and Intermediates for global companies with a portfolio of products across diverse therapeutic areas. 12 out of top 20 Big Pharma Companies across US, EU and Japan have been associated with Divi’s for 10+ years
c) Nutraceutical:[4][5]
Company's Vishakhapatnam unit produces active ingredient and finished forms of Carotenoids. It is currently supplying carotenoids to all major food, dietary supplement and feed manufacturers globally. Company also offers customized ingredient solutions in liquids, beadlets and powder forms