Lincoln Pharmaceuticals Ltd
Lincoln Pharmaceuticals Limited (LPL) is engaged in the business of manufacturing, marketing and distribution of pharmaceutical products.
- Market Cap ₹ 1,250 Cr.
- Current Price ₹ 624
- High / Low ₹ 755 / 405
- Stock P/E 13.4
- Book Value ₹ 296
- Dividend Yield 0.24 %
- ROCE 22.5 %
- ROE 17.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 9.66% over past five years.
- Earnings include an other income of Rs.34.4 Cr.
- Dividend payout has been low at 4.11% of profits over last 3 years
- Working capital days have increased from 151 days to 215 days
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 195 | 210 | 266 | 400 | 360 | 361 | 366 | 386 | 424 | 472 | 510 | 581 | |
| 179 | 190 | 240 | 359 | 313 | 308 | 299 | 321 | 337 | 376 | 421 | 481 | |
| Operating Profit | 16 | 20 | 26 | 41 | 47 | 53 | 68 | 66 | 87 | 96 | 90 | 100 |
| OPM % | 8% | 10% | 10% | 10% | 13% | 15% | 18% | 17% | 21% | 20% | 18% | 17% |
| 6 | 2 | 7 | 7 | 2 | 5 | 5 | 11 | 5 | 10 | 22 | 34 | |
| Interest | 8 | 7 | 8 | 10 | 7 | 5 | 4 | 2 | 2 | 1 | 2 | 1 |
| Depreciation | 3 | 4 | 5 | 5 | 6 | 6 | 7 | 7 | 8 | 8 | 9 | 11 |
| Profit before tax | 11 | 12 | 20 | 33 | 37 | 46 | 62 | 67 | 84 | 96 | 100 | 122 |
| Tax % | 16% | 16% | 24% | 28% | 25% | 25% | 22% | 23% | 26% | 28% | 27% | 24% |
| 10 | 10 | 15 | 24 | 28 | 35 | 49 | 51 | 62 | 69 | 73 | 93 | |
| EPS in Rs | 5.92 | 6.53 | 9.20 | 14.52 | 14.06 | 17.31 | 24.36 | 25.72 | 31.12 | 34.63 | 36.40 | 46.58 |
| Dividend Payout % | 10% | 9% | 11% | 7% | 9% | 9% | 6% | 6% | 5% | 4% | 4% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 10% |
| 3 Years: | 11% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 14% |
| 3 Years: | 14% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 33% |
| 3 Years: | 19% |
| 1 Year: | 50% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 17% |
| 3 Years: | 17% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 16 | 16 | 16 | 16 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 73 | 82 | 95 | 117 | 172 | 204 | 249 | 293 | 346 | 413 | 482 | 573 |
| 76 | 68 | 76 | 78 | 64 | 61 | 34 | 5 | 1 | 2 | 2 | 1 | |
| 72 | 93 | 70 | 64 | 48 | 62 | 63 | 71 | 85 | 99 | 83 | 106 | |
| Total Liabilities | 237 | 260 | 258 | 275 | 305 | 347 | 366 | 389 | 452 | 534 | 587 | 700 |
| 65 | 65 | 66 | 98 | 103 | 117 | 121 | 123 | 111 | 132 | 151 | 179 | |
| CWIP | 2 | 2 | 3 | 3 | 7 | 0 | 2 | 0 | 2 | 16 | 7 | 3 |
| Investments | 0 | 0 | 0 | 0 | 10 | 11 | 18 | 34 | 81 | 97 | 91 | 139 |
| 169 | 192 | 190 | 174 | 186 | 219 | 225 | 232 | 259 | 290 | 339 | 379 | |
| Total Assets | 237 | 260 | 258 | 275 | 305 | 347 | 366 | 389 | 452 | 534 | 587 | 700 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 5 | 25 | 45 | 25 | 27 | 53 | 75 | 69 | 76 | 39 | 63 | |
| -16 | 1 | 7 | -42 | -25 | -12 | -18 | -31 | -64 | -78 | -37 | -57 | |
| 29 | -11 | -32 | -3 | 0 | -11 | -36 | -38 | -6 | -3 | -4 | -5 | |
| Net Cash Flow | -3 | -4 | -1 | -0 | -0 | 3 | -1 | 7 | -1 | -4 | -2 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 140 | 154 | 163 | 73 | 92 | 111 | 122 | 96 | 98 | 90 | 98 | 102 |
| Inventory Days | 54 | 62 | 44 | 36 | 63 | 86 | 75 | 95 | 86 | 121 | 106 | 101 |
| Days Payable | 133 | 174 | 92 | 40 | 54 | 82 | 92 | 102 | 105 | 120 | 77 | 95 |
| Cash Conversion Cycle | 62 | 43 | 116 | 70 | 100 | 115 | 106 | 88 | 78 | 91 | 126 | 108 |
| Working Capital Days | 84 | 97 | 145 | 79 | 115 | 138 | 143 | 130 | 119 | 115 | 123 | 215 |
| ROCE % | 11% | 11% | 15% | 22% | 19% | 19% | 23% | 22% | 25% | 24% | 22% | 23% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jul - Confirmation certificate as received from M/S Link Intime India Private Limited, Registrar and Share Transfer Agent for the Quarter Ended June 30, 2024.
- Closure of Trading Window 26 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 11 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 3 Jun
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Compliances-Reg.24(A)-Annual Secretarial Compliance
24 May - Secretarial Compliance Report for the Financial Year Ended March 31, 2024.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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May 2024Transcript PPT REC
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Feb 2024TranscriptNotesPPT
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Oct 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Jul 2022TranscriptNotesPPT
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Apr 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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Apr 2018TranscriptNotesPPT
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Jan 2018TranscriptNotesPPT
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Oct 2017TranscriptNotesPPT
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Jul 2017TranscriptNotesPPT
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Aug 2016TranscriptNotesPPT
Product Basket
Lincoln Pharma has developed 600+ formulations in 15 therapeutic areas. It has 1700 registered products and another 700 in the pipeline. Focus areas include anti-effective, respiratory system, gynecology, cardio & CNS, antidiabetic, anti-malaria among others. [1] During FY23, co. has launched 18 products in the domestic market and filled 130 plus dossiers in the export market.