Panacea Biotec Ltd

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

Panacea Biotec Ltd

₹ 446 -4.37%
03 Dec - close price
panaceabiotec.com BSE: 531349 NSE: PANACEABIO
About

Incorporated in 1984, Panacea Biotec Ltd is a research-based biotechnology company[1]

Key Points

Business Overview:[1]
a) PBL is in the business of research, development, manufacture and marketing of branded vaccines, pharmaceutical formulations, nutraceuticals and food & nutrition products
b) It is one of the largest Vaccine Manufacturing Company in India and is acknowledged by the United Nations (UN) Health Agencies in partnering the Global Polio Eradication Initiative (GPEI) with supplies of billions of doses of WHO Pre-qualified Polio vaccines in 50+ countries worldwide as a sequel to the completion of full range of Oral polio vaccines (tOPV, mOPV1, mOPV3 & bOPV (Type1&Type3)
c) It is the first company to have developed fully liquid Pentavalent vaccine (DTwP-Hep B+Hib) EasyFive and world’s first fully-liquid wP-IPV based Hexavalent vaccine (DTwP +HepB +Hib +IPV) EasySix

Website BSE NSE - BE
  • Market Cap ₹ 2,728 Cr.
  • Current Price ₹ 446
  • High / Low ₹ 488 / 112
  • Stock P/E
  • Book Value ₹ 136
  • Dividend Yield 0.00 %
  • ROCE -3.57 %
  • ROE -3.17 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.28 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.59%
  • The company has delivered a poor sales growth of 4.13% over past five years.
  • Company has a low return on equity of -15.7% over last 3 years.
  • Earnings include an other income of Rs.36.0 Cr.

* 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 - Bulk Drugs & Formln

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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
232.17 155.88 140.73 110.70 105.12 115.20 128.93 129.19 143.02 150.50 136.46 115.72 147.35
226.15 144.02 170.92 190.51 108.96 123.84 134.60 139.50 146.58 150.65 142.50 129.71 140.35
Operating Profit 6.02 11.86 -30.19 -79.81 -3.84 -8.64 -5.67 -10.31 -3.56 -0.15 -6.04 -13.99 7.00
OPM % 2.59% 7.61% -21.45% -72.10% -3.65% -7.50% -4.40% -7.98% -2.49% -0.10% -4.43% -12.09% 4.75%
2.03 1.66 1,680.26 39.95 38.22 41.71 34.44 33.82 6.00 8.46 13.55 6.54 7.42
Interest 50.16 52.13 30.66 1.25 1.18 0.96 1.05 1.00 0.91 0.85 0.82 0.87 0.98
Depreciation 10.90 10.55 11.15 10.05 9.89 9.67 9.51 9.48 9.31 9.11 8.81 8.73 8.68
Profit before tax -53.01 -49.16 1,608.26 -51.16 23.31 22.44 18.21 13.03 -7.78 -1.65 -2.12 -17.05 4.76
Tax % 0.00% 0.08% 23.06% 9.73% 32.65% 13.68% 169.63% 15.73% 6.56% 33.33% -6.13% -6.86% 1.05%
-53.01 -49.20 1,237.47 -56.14 15.70 19.37 -12.68 10.98 -8.29 -2.20 -1.99 -15.88 4.71
EPS in Rs -8.65 -8.03 201.86 -9.16 2.56 3.16 -2.07 1.79 -1.35 -0.36 -0.32 -2.59 0.77
Raw PDF

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 TTM
608 510 687 653 544 593 457 544 625 661 460 559 550
665 582 643 541 505 509 591 490 548 674 558 579 563
Operating Profit -56 -72 44 112 39 84 -134 54 77 -13 -98 -20 -13
OPM % -9% -14% 6% 17% 7% 14% -29% 10% 12% -2% -21% -4% -2%
-7 183 28 70 62 8 338 -14 9 1,687 154 62 36
Interest 104 150 105 127 101 101 105 174 185 181 4 4 4
Depreciation 86 71 67 73 68 57 54 43 46 44 39 37 35
Profit before tax -253 -111 -99 -19 -67 -66 45 -178 -146 1,449 13 1 -16
Tax % -7% 2% 3% 10% -16% 15% 17% 9% 1% 26% 363% 201%
-234 -113 -108 -21 -56 -76 38 -194 -148 1,078 -34 -2 -15
EPS in Rs -38.22 -18.29 -17.38 -2.98 -8.89 -12.07 6.15 -31.69 -24.09 175.91 -5.42 -0.19 -2.50
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 4%
3 Years: -4%
TTM: 7%
Compounded Profit Growth
10 Years: 7%
5 Years: 14%
3 Years: 22%
TTM: 20%
Stock Price CAGR
10 Years: 12%
5 Years: 32%
3 Years: 26%
1 Year: 161%
Return on Equity
10 Years: %
5 Years: %
3 Years: -16%
Last Year: -3%

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 Sep 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 620 507 449 426 350 303 344 193 -235 871 837 836 827
979 1,060 1,111 1,105 994 941 646 742 820 34 20 21 22
235 371 364 317 440 349 379 449 587 848 407 378 389
Total Liabilities 1,839 1,943 1,930 1,854 1,789 1,598 1,376 1,390 1,178 1,759 1,271 1,241 1,243
1,154 1,276 1,144 1,071 1,001 949 806 657 609 622 600 582 597
CWIP 135 172 155 161 30 40 23 24 34 17 42 102 84
Investments 22 16 15 9 7 7 5 6 0 5 13 40 37
527 479 616 614 750 602 542 703 534 1,114 615 517 525
Total Assets 1,839 1,943 1,930 1,854 1,789 1,598 1,376 1,390 1,178 1,759 1,271 1,241 1,243

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
-24 54 37 91 131 118 105 -30 107 -108 -422 -0
-61 -38 -37 16 -26 55 -6 -35 -48 1,283 430 10
105 -30 -1 -117 -107 -164 -101 91 -47 -1,176 -18 -3
Net Cash Flow 20 -14 -1 -10 -2 9 -2 26 12 -2 -10 7

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 42 68 52 79 95 84 71 46 49 45 48 37
Inventory Days 371 375 404 516 770 651 173 344 311 296 292 282
Days Payable 243 430 272 318 607 540 572 463 440 327 256 244
Cash Conversion Cycle 170 13 184 278 259 195 -328 -73 -80 14 83 76
Working Capital Days 92 -113 31 134 82 6 -307 97 6 -229 -5 -2
ROCE % -8% -8% 0% 4% 2% 3% -16% 4% 5% -6% -10% -4%

Shareholding Pattern

Numbers in percentages

16 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.59% 73.59% 73.59% 73.59% 73.59% 73.59% 73.59% 73.59% 73.59% 73.59% 73.47% 72.87%
0.00% 0.00% 0.00% 0.14% 0.18% 0.18% 0.22% 0.26% 0.26% 0.27% 0.26% 0.37%
0.13% 0.00% 0.00% 0.29% 0.43% 0.43% 0.54% 0.57% 0.69% 0.84% 1.07% 1.16%
26.28% 26.41% 26.41% 25.98% 25.81% 25.80% 25.66% 25.58% 25.46% 25.30% 25.21% 25.60%
No. of Shareholders 52,46549,56349,89649,07850,53348,63447,81548,87847,09146,24245,51339,982

* 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

  • Aug 2021
    Transcript
    Notes
    PPT
  • Jul 2021
    Transcript
    Notes
    PPT