Glaxosmithkline Pharmaceuticals Ltd

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

Glaxosmithkline Pharmaceuticals Ltd

₹ 2,276 -2.16%
20 Dec - close price
gsk-india.com BSE: 500660 NSE: GLAXO
About

GlaxoSmithKline Pharmaceuticals research, manufacture and make available a broad range of medicines and vaccines that benefit people.(Source : Company Web-site)

Key Points

Leading Global Health care company[1] GlaxoSmithKline Pharmaceutical is a part of GlaxoSmithKline plc (GSK), a British multinational pharmaceutical company headquartered in London. GSK underwent a merger in 2000 of Glaxo Wellcome and SmithKline Beecham, and is the world’s sixth-largest pharmaceutical company.

Website BSE NSE
  • Market Cap ₹ 38,556 Cr.
  • Current Price ₹ 2,276
  • High / Low ₹ 3,088 / 1,746
  • Stock P/E 48.1
  • Book Value ₹ 98.7
  • Dividend Yield 1.41 %
  • ROCE 51.3 %
  • ROE 37.3 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 48.6%
  • Company has been maintaining a healthy dividend payout of 90.2%

Cons

  • Stock is trading at 23.0 times its book value
  • The company has delivered a poor sales growth of 2.00% 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 - Multinational

Part of Nifty MidSmallcap 400 BSE 400 MidSmallCap Index Nifty LargeMidcap 250 BSE MidCap BSE Allcap

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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
934 816 810 745 917 802 787 762 957 805 930 815 1,011
678 618 634 596 660 574 618 618 668 587 673 584 689
Operating Profit 256 198 175 149 257 229 170 144 289 218 257 231 322
OPM % 27% 24% 22% 20% 28% 29% 22% 19% 30% 27% 28% 28% 32%
30 4 1,322 31 22 12 38 54 28 -135 32 36 39
Interest 0 1 0 1 0 0 1 0 0 0 1 0 0
Depreciation 17 18 15 16 16 16 17 16 18 17 18 16 17
Profit before tax 268 184 1,482 163 262 224 190 181 299 65 271 249 344
Tax % 24% 18% 18% 27% 26% 27% 30% 27% 27% 30% 28% 27% 27%
204 150 1,219 119 193 165 133 132 218 46 194 182 252
EPS in Rs 12.06 8.88 71.96 7.04 11.42 9.71 7.88 7.81 12.84 2.70 11.48 10.76 14.91
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Mar 2015 15m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,647 2,563 3,305 2,838 2,908 2,871 3,128 3,224 2,926 3,278 3,252 3,454 3,560
1,824 2,034 2,672 2,360 2,489 2,363 2,527 2,567 2,327 2,516 2,447 2,545 2,533
Operating Profit 822 528 633 478 420 508 601 657 598 762 804 909 1,028
OPM % 31% 21% 19% 17% 14% 18% 19% 20% 20% 23% 25% 26% 29%
30 203 149 125 119 70 131 -262 9 1,401 103 -21 -28
Interest 0 0 0 0 0 0 1 6 4 2 2 2 2
Depreciation 18 20 25 25 27 38 49 83 79 68 66 70 68
Profit before tax 834 711 756 578 511 540 683 306 525 2,093 839 816 929
Tax % 33% 32% 37% 35% 34% 35% 35% 70% 32% 19% 27% 28%
562 482 476 376 337 351 445 93 358 1,695 611 590 675
EPS in Rs 33.17 28.43 28.12 22.20 19.88 20.70 26.29 5.50 21.14 100.04 36.05 34.83 39.85
Dividend Payout % 75% 88% 111% 113% 75% 85% 76% 727% 142% 90% 89% 92%
Compounded Sales Growth
10 Years: 3%
5 Years: 2%
3 Years: 6%
TTM: 8%
Compounded Profit Growth
10 Years: 4%
5 Years: 9%
3 Years: 11%
TTM: 26%
Stock Price CAGR
10 Years: 4%
5 Years: 7%
3 Years: 9%
1 Year: 30%
Return on Equity
10 Years: 28%
5 Years: 37%
3 Years: 49%
Last Year: 37%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 85 85 85 85 85 85 169 169 169 169 169 169 169
Reserves 1,922 1,905 1,744 2,099 1,922 1,973 1,970 1,651 1,309 2,494 1,572 1,608 1,503
5 4 3 2 2 1 1 0 35 20 16 19 15
1,077 1,136 1,384 869 995 1,889 1,771 1,312 1,602 1,950 1,570 1,760 2,059
Total Liabilities 3,088 3,130 3,216 3,055 3,004 3,947 3,911 3,133 3,115 4,633 3,327 3,557 3,746
89 100 123 204 258 325 432 758 387 331 330 321 296
CWIP 44 62 115 268 605 923 1,003 120 13 30 20 14 21
Investments 55 10 0 6 0 0 0 0 0 366 518 813 1,001
2,900 2,958 2,977 2,577 2,140 2,700 2,477 2,255 2,715 3,907 2,458 2,408 2,428
Total Assets 3,088 3,130 3,216 3,055 3,004 3,947 3,911 3,133 3,115 4,633 3,327 3,557 3,746

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
314 281 338 139 234 473 409 490 578 811 484 582
-110 189 180 499 301 -104 -153 -57 418 -406 808 9
-441 -494 -497 -638 -511 -307 -358 -428 -696 -524 -1,543 -562
Net Cash Flow -237 -24 21 -0 24 62 -102 6 300 -119 -251 29

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 16 14 11 16 21 19 14 11 27 23 22 23
Inventory Days 94 109 91 156 111 147 131 135 159 144 131 144
Days Payable 78 90 74 97 73 149 109 100 135 156 122 171
Cash Conversion Cycle 32 33 27 75 60 17 36 46 50 11 31 -4
Working Capital Days -42 -45 -48 26 7 -90 -72 -38 -37 -92 -55 -62
ROCE % 50% 34% 42% 29% 22% 26% 31% 33% 38% 37% 36% 51%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
2.04% 2.18% 2.16% 2.17% 2.28% 2.28% 2.41% 2.50% 2.93% 3.48% 4.02% 4.36%
10.73% 10.73% 10.65% 10.54% 10.29% 10.31% 10.25% 10.01% 8.64% 7.90% 7.51% 7.34%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.00% 0.00% 0.00%
12.23% 12.09% 12.19% 12.29% 12.43% 12.43% 12.35% 12.48% 13.42% 13.62% 13.48% 13.30%
No. of Shareholders 1,23,4801,10,1411,12,9641,16,6511,20,1271,20,4151,19,0321,15,2681,14,6631,18,9941,18,5151,19,228

* 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

Announcements

Annual reports

Concalls