Gland Pharma Ltd

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

Gland Pharma Ltd

₹ 1,755 -1.79%
22 Nov - close price
glandpharma.com BSE: 543245 NSE: GLAND
About

Established in Hyderabad, India in 1978, Gland Pharma has grown over the years from a contract manufacturer of small volume liquid parenteral products, to become one of the largest and fastest growing injectable-focused companies, with a global footprint across 60 countries, including the United States, Europe, Canada, Australia, India and other markets. We operate primarily under a business to business (B2B) model and have an excellent track record in the development, manufacturing and marketing of complex injectables. This presence across the value chain has helped us witness exponential growth. We are promoted by Shanghai Fosun Pharma, a global pharmaceutical major.

Key Points

Revenue breakup
Gland Pharma is primarily a contract manufacturer of injectables, with B2B segment generating ~95% of revenues in FY22 [1]

Website BSE NSE
  • Market Cap ₹ 28,915 Cr.
  • Current Price ₹ 1,755
  • High / Low ₹ 2,221 / 1,586
  • Stock P/E 26.2
  • Book Value ₹ 557
  • Dividend Yield 1.14 %
  • ROCE 16.7 %
  • ROE 12.3 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13.6% over last 3 years.
  • Dividend payout has been low at 10.5% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -6.19%

* 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

Part of BSE Dollex 200 BSE 400 MidSmallCap Index BSE Allcap BSE 150 MidCap Index BSE 200

Edit Columns
Loading peers table ...

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
1,080 1,063 1,103 857 1,048 926 785 884 1,011 1,098 1,175 1,012 1,063
704 714 755 587 753 642 616 625 664 728 742 718 699
Operating Profit 377 349 348 270 295 284 169 259 347 369 433 294 364
OPM % 35% 33% 32% 32% 28% 31% 22% 29% 34% 34% 37% 29% 34%
51 46 65 74 66 62 -18 35 41 43 47 48 58
Interest 1 1 2 1 2 3 2 2 1 1 5 1 0
Depreciation 26 28 31 35 37 38 38 39 40 40 43 41 42
Profit before tax 401 366 381 309 322 305 112 254 347 372 433 300 380
Tax % 25% 25% 25% 26% 26% 25% 29% 26% 26% 26% 26% 26% 26%
302 273 286 229 240 228 79 188 258 277 321 223 282
EPS in Rs 18.40 16.64 17.41 13.94 14.55 13.82 4.81 11.39 15.64 16.81 19.51 13.53 17.10
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
755 991 994 1,348 1,479 1,620 2,044 2,633 3,463 4,401 3,617 4,167 4,348
519 630 678 845 854 1,085 1,338 1,678 2,161 2,890 2,598 2,758 2,888
Operating Profit 236 361 316 502 625 535 706 955 1,302 1,511 1,019 1,410 1,460
OPM % 31% 36% 32% 37% 42% 33% 35% 36% 38% 34% 28% 34% 34%
5 9 30 37 34 49 66 139 135 224 184 166 197
Interest 13 13 17 16 6 4 4 7 3 5 7 8 6
Depreciation 15 28 57 63 74 78 82 95 99 110 147 162 165
Profit before tax 213 327 272 459 578 502 686 993 1,335 1,619 1,048 1,405 1,485
Tax % 26% 32% 23% 32% 28% 36% 34% 22% 25% 25% 26% 26%
158 224 209 314 414 321 452 773 997 1,212 776 1,043 1,103
EPS in Rs 134.45 190.40 133.53 202.40 267.01 207.24 291.65 49.88 60.94 73.78 47.11 63.34 66.95
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 32%
Compounded Sales Growth
10 Years: 15%
5 Years: 15%
3 Years: 6%
TTM: 21%
Compounded Profit Growth
10 Years: 17%
5 Years: 18%
3 Years: 2%
TTM: 40%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -21%
1 Year: 0%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 14%
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 12 12 16 15 16 16 16 16 16 16 16 16 16
Reserves 598 822 1,379 1,662 2,074 2,395 2,847 3,631 5,887 7,142 7,937 8,979 9,157
123 176 166 117 6 6 5 5 5 5 4 4 3
187 277 197 292 378 512 655 435 588 671 815 542 737
Total Liabilities 920 1,287 1,758 2,086 2,474 2,928 3,523 4,086 6,496 7,834 8,773 9,541 9,913
309 460 649 788 872 843 929 968 954 1,502 1,571 1,694 1,673
CWIP 202 208 192 202 161 199 123 188 338 191 177 120 129
Investments 0 0 0 0 0 0 0 0 1 163 8 2,386 2,790
409 619 917 1,096 1,441 1,887 2,471 2,929 5,203 5,978 7,017 5,342 5,322
Total Assets 920 1,287 1,758 2,086 2,474 2,928 3,523 4,086 6,496 7,834 8,773 9,541 9,913

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
220 476 202 185 701 605 791 368 1,136
-12 -100 -359 -319 -761 -1,521 -1,007 1,211 -2,918
-93 -116 -4 -3 -7 1,238 35 15 -7
Net Cash Flow 115 260 -160 -136 -67 322 -181 1,594 -1,789

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 62 62 62 95 103 107 90 83 71 89 87 103
Inventory Days 169 229 283 248 271 283 388 250 312 205 421 253
Days Payable 57 74 58 60 136 161 190 82 97 80 128 59
Cash Conversion Cycle 174 217 288 283 239 229 289 251 286 214 381 296
Working Capital Days 70 100 141 155 154 185 191 161 169 168 241 224
ROCE % 36% 39% 22% 28% 30% 22% 27% 30% 28% 25% 15% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.00% 58.00% 57.87% 57.86% 57.86% 57.86% 57.86% 57.86% 57.86% 57.86% 51.83% 51.83%
11.30% 10.72% 9.41% 6.10% 4.67% 4.33% 2.80% 4.91% 4.05% 3.59% 6.88% 4.48%
11.66% 12.46% 17.36% 21.92% 23.13% 23.23% 23.38% 22.45% 24.17% 25.23% 32.83% 35.37%
19.05% 18.82% 15.35% 14.13% 14.35% 14.59% 15.97% 14.78% 13.93% 13.32% 8.46% 8.33%
No. of Shareholders 1,09,0971,09,0981,17,3391,27,8791,48,4691,50,5781,81,7471,61,6271,36,0211,22,3751,22,6651,22,358

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls