Marksans Pharma Ltd

Marksans Pharma Ltd

₹ 309 -0.16%
22 Nov - close price
About

Marksans Pharma is engaged in the Business of Formulation of pharmaceutical products.

Our key focus areas lie in the OTC & prescription drugs that have wide-ranging applications across fields like Oncology, Gastroenterology, Antidiabetic, Antibiotics, Cardiovascular, Pain Management, Gynaecology, among others. [1]

Key Points

Revenue Mix
Revenue Mix by therapeutic wise FY23[1]
Pain Management : 44%
Cough & Cold : 14%
Cardiovascular System : 9%
CNS: 8%
Anti-diabetic : 2%
Gastrointestinal : 9%
Others : 14%

  • Market Cap 13,987 Cr.
  • Current Price 309
  • High / Low 329 / 126
  • Stock P/E 91.1
  • Book Value 28.5
  • Dividend Yield 0.19 %
  • ROCE 14.7 %
  • ROE 11.5 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 17.4%

Cons

  • Stock is trading at 10.8 times its book value
  • Company has a low return on equity of 12.6% over last 3 years.
  • Company has high debtors of 158 days.
  • Promoter holding has decreased over last 3 years: -4.38%

* 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.

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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
169 166 176 159 170 173 153 182 205 241 225 255 309
135 138 149 148 136 149 130 155 167 199 191 213 256
Operating Profit 34 28 27 12 34 24 23 27 37 42 34 41 52
OPM % 20% 17% 15% 7% 20% 14% 15% 15% 18% 17% 15% 16% 17%
9 12 8 19 21 16 4 33 16 1 12 8 31
Interest 1 1 1 1 1 1 1 0 0 0 0 0 0
Depreciation 4 5 5 5 5 4 4 5 8 8 7 7 7
Profit before tax 37 35 29 26 49 34 23 54 44 35 38 42 76
Tax % 25% 25% 25% 25% 18% 26% 22% 19% 30% 27% 14% 24% 17%
28 26 21 19 40 26 18 44 31 25 33 32 63
EPS in Rs 0.67 0.64 0.52 0.47 0.99 0.64 0.39 0.98 0.69 0.56 0.73 0.71 1.39
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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
192 315 406 358 216 295 424 433 600 658 655 853 1,030
148 231 290 254 191 266 361 362 486 545 563 713 860
Operating Profit 44 84 116 104 24 29 63 71 114 114 92 140 169
OPM % 23% 27% 29% 29% 11% 10% 15% 16% 19% 17% 14% 16% 16%
4 3 3 9 7 7 8 0 31 42 60 62 53
Interest 10 15 13 6 4 8 7 7 5 4 4 1 1
Depreciation 9 9 9 15 15 12 9 12 15 18 17 29 30
Profit before tax 30 63 97 92 12 17 56 53 124 135 132 172 192
Tax % -34% 12% 31% 22% 3% 25% 22% 28% 21% 23% 22% 22%
40 56 67 71 12 12 44 38 98 104 103 134 154
EPS in Rs 1.03 1.44 1.64 1.75 0.28 0.30 1.07 0.93 2.40 2.54 2.27 2.95 3.39
Dividend Payout % 0% 7% 7% 7% 18% 16% 5% 11% 10% 10% 22% 20%
Compounded Sales Growth
10 Years: 10%
5 Years: 15%
3 Years: 12%
TTM: 45%
Compounded Profit Growth
10 Years: 9%
5 Years: 25%
3 Years: 11%
TTM: 29%
Stock Price CAGR
10 Years: 18%
5 Years: 83%
3 Years: 76%
1 Year: 118%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 13%
Last Year: 11%

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 39 39 41 41 41 41 41 41 41 41 45 45 45
Reserves 58 108 305 369 378 388 430 465 559 651 1,066 1,177 1,246
104 103 62 53 73 67 78 11 14 14 8 8 9
110 127 119 71 54 61 64 83 127 260 226 285 337
Total Liabilities 310 376 527 534 546 557 612 600 741 966 1,345 1,516 1,637
73 67 90 97 94 88 103 115 129 136 144 272 308
CWIP 0 0 0 0 0 0 0 0 0 0 4 0 0
Investments 68 68 68 231 234 236 236 236 236 237 266 293 281
170 242 369 205 217 233 273 249 375 594 931 952 1,048
Total Assets 310 376 527 534 546 557 612 600 741 966 1,345 1,516 1,637

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
9 54 112 65 -14 16 20 108 107 56 52 34
-48 -2 -29 -177 -8 -8 -20 -24 9 -128 -195 -114
22 -19 51 -52 21 -10 1 -82 -14 71 210 -26
Net Cash Flow -17 33 134 -164 -1 -2 1 2 102 -1 67 -106

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 174 130 112 136 262 209 153 136 103 137 170 158
Inventory Days 182 120 85 90 95 91 109 111 101 100 121 145
Days Payable 106 87 75 64 67 73 58 84 69 72 103 122
Cash Conversion Cycle 250 163 123 161 290 228 204 163 135 165 188 182
Working Capital Days 101 82 69 133 300 232 193 147 94 116 144 144
ROCE % 71% 35% 33% 22% 3% 5% 12% 11% 23% 21% 15% 15%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
48.25% 48.25% 48.25% 48.60% 49.00% 43.85% 43.85% 43.85% 43.85% 43.85% 43.87% 43.87%
2.59% 3.46% 4.04% 4.06% 4.23% 15.11% 14.90% 15.07% 15.55% 15.57% 18.59% 21.31%
0.41% 0.47% 0.94% 0.95% 0.96% 1.46% 3.65% 4.02% 4.76% 5.17% 3.75% 4.10%
48.75% 47.82% 46.77% 46.38% 45.79% 39.57% 37.60% 37.06% 35.81% 35.40% 33.77% 30.70%
No. of Shareholders 2,14,9982,20,0902,21,3592,17,7432,13,1231,98,3821,88,4472,07,9372,37,3772,54,6992,35,5002,48,845

* 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

Concalls