Medicamen Biotech Ltd

Medicamen Biotec Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Medicamen Biotech Ltd

₹ 490 7.48%
28 Mar 2:46 p.m.
medicamen.com BSE: 531146 NSE: MEDICAMEQ
About

Incorporated in 1993, Medicamen Biotech Ltd is a research-led pharmaceutical company involved in developing, manufacturing, and marketing generic finished dosage formulations, and Oncology Formulations[1]

Key Points

Business Overview:[1][2][3]
MBL, a subsidiary of Shivalik Rasayan Ltd with 41.6% ownership, is an integrated Pharmaceutical and Life Sciences Solution Provider. They manufacture pharmaceutical formulations, primarily focusing on oncology therapeutics and generics, distributed through wholesale drug distributors and sold to institutional segments such as government and semi-government institutions, and hospitals. Their formulations cover beta-lactam, non-beta-lactam, and cephalosporin drugs for overseas and domestic markets.

Website BSE NSE
  • Market Cap ₹ 623 Cr.
  • Current Price ₹ 490
  • High / Low ₹ 630 / 375
  • Stock P/E 93.4
  • Book Value ₹ 170
  • Dividend Yield 0.22 %
  • ROCE 8.20 %
  • ROE 4.74 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 160 to 112 days.

Cons

  • Stock is trading at 2.79 times its book value
  • Company has a low return on equity of 7.67% over last 3 years.
  • Dividend payout has been low at 9.45% of profits over last 3 years
  • Company's cost of borrowing seems high

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
32.64 22.75 33.09 33.53 35.58 38.67 41.94 43.54 46.50 47.32 43.05 44.74 45.14
26.34 17.79 27.43 27.67 29.71 32.18 34.99 38.89 41.60 41.57 39.60 39.43 38.43
Operating Profit 6.30 4.96 5.66 5.86 5.87 6.49 6.95 4.65 4.90 5.75 3.45 5.31 6.71
OPM % 19.30% 21.80% 17.10% 17.48% 16.50% 16.78% 16.57% 10.68% 10.54% 12.15% 8.01% 11.87% 14.86%
0.83 0.34 0.96 0.52 0.63 0.35 0.38 0.55 0.83 0.57 0.59 0.29 0.14
Interest 0.49 0.56 0.77 0.62 0.68 0.86 0.96 0.91 0.65 1.89 0.71 1.04 0.76
Depreciation 1.57 1.52 1.53 1.62 1.60 1.62 1.69 1.82 1.80 1.77 1.77 2.61 2.21
Profit before tax 5.07 3.22 4.32 4.14 4.22 4.36 4.68 2.47 3.28 2.66 1.56 1.95 3.88
Tax % 25.64% 14.60% 17.13% 13.04% 10.66% 13.53% 15.81% 39.68% 38.11% 22.93% 48.72% 53.85% 24.74%
3.78 2.75 3.59 3.60 3.77 3.77 3.95 1.47 2.03 2.04 0.80 0.91 2.92
EPS in Rs 3.09 2.25 2.94 2.85 2.97 3.07 3.30 1.19 1.90 1.68 1.06 1.15 2.73
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
123 125 113 115 141 179 180
105 106 93 91 117 156 159
Operating Profit 17 20 20 24 24 24 21
OPM % 14% 16% 17% 21% 17% 13% 12%
4 2 1 2 2 2 2
Interest 1 1 2 2 3 6 4
Depreciation 2 2 3 6 6 7 8
Profit before tax 18 18 16 18 17 13 10
Tax % 31% 26% 26% 18% 14% 27%
12 13 12 15 15 9 7
EPS in Rs 10.28 10.88 9.93 12.20 11.73 8.60 6.62
Dividend Payout % 10% 5% 10% 8% 9% 12%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 17%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: -5%
3 Years: -8%
TTM: -41%
Stock Price CAGR
10 Years: 41%
5 Years: 20%
3 Years: -10%
1 Year: 19%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 8%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12 12 12 12 13 13 13
Reserves 75 109 121 134 181 194 203
12 11 19 26 26 31 20
38 49 42 53 59 56 52
Total Liabilities 137 181 194 226 279 295 289
24 34 90 92 93 92 89
CWIP 15 40 0 0 0 0 0
Investments 0 0 0 0 0 0 0
97 107 104 133 186 203 200
Total Assets 137 181 194 226 279 295 289

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 13 13 4 -6 -7
-15 -37 -18 -8 -6 -6
-4 19 6 4 29 6
Net Cash Flow -14 -5 1 -0 17 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 129 145 170 200 169 112
Inventory Days 67 78 27 188 228 234
Days Payable 134 173 169 302 241 154
Cash Conversion Cycle 62 51 28 86 156 193
Working Capital Days 151 152 161 208 216 183
ROCE % 16% 13% 12% 10% 8%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
43.60% 43.60% 43.21% 43.21% 43.21% 43.21% 43.21% 43.21% 43.21% 42.99% 42.99% 42.99%
0.40% 0.35% 1.83% 0.17% 0.19% 0.16% 0.22% 0.22% 0.12% 0.06% 0.06% 0.06%
0.00% 0.00% 0.13% 0.20% 0.20% 0.20% 0.20% 0.67% 0.99% 1.17% 1.17% 0.87%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06%
56.01% 56.06% 54.84% 56.42% 56.40% 56.44% 56.38% 55.90% 55.69% 55.78% 55.79% 56.04%
No. of Shareholders 9,3009,1078,3328,2738,2338,2729,41910,25210,63910,65210,79210,576

* 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

Credit ratings

Concalls

  • Nov 2024
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  • Dec 2021
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  • Nov 2020
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  • Aug 2020
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  • Jun 2020
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