Venus Remedies Ltd

₹ 313 -2.93%

20 Dec - close price

venusremedies.com BSE: 526953 NSE: VENUSREM

About

Incorporated in 1989, Venus Remedies
Ltd is a research based pharmaceutical company and an injectable manufacturer^[1]

Key Points

Business Overview:^[1]^[2]
VSR is one of the largest manufacturers of meropenem antibiotics and emerging player in AMR drug in India. It offers a wide range of pharmaceutical products that cater to various therapeutic areas, including anti infective (antibiotics), antimicrobial resistance, oncology, neurology, pain management, skin
& wound care. Company has 1040+ marketing authorizations globally, 135+ patents and 180+ product basket which includes formulations such as injectables,
tablets, and topical preparations

Website BSE NSE

Market Cap ₹ 418 Cr.
Current Price ₹ 313
High / Low ₹ 430 / 280
Stock P/E 18.9
Book Value ₹ 370
Dividend Yield 0.00 %
ROCE 8.57 %
ROE 5.94 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.85 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 7.10% over last 3 years.
Earnings include an other income of Rs.18.4 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 - Formulations

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Detailed Comparison with:

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
	202.56	124.34	142.45	143.08	139.89	116.90	155.64	95.15	167.72	143.42	195.16	108.61	167.45
	175.25	111.91	136.91	128.57	126.92	108.80	131.03	84.75	149.93	131.43	175.69	97.35	162.53
Operating Profit	27.31	12.43	5.54	14.51	12.97	8.10	24.61	10.40	17.79	11.99	19.47	11.26	4.92
OPM %	13.48%	10.00%	3.89%	10.14%	9.27%	6.93%	15.81%	10.93%	10.61%	8.36%	9.98%	10.37%	2.94%
	2.89	1.22	2.25	1.44	1.79	3.81	3.41	2.26	3.05	2.35	3.92	1.59	10.58
Interest	0.03	0.31	0.00	0.26	0.00	0.15	0.00	0.06	0.06	0.02	0.02	0.02	0.02
Depreciation	8.71	8.64	7.56	7.80	8.99	7.22	8.29	7.55	6.44	6.54	5.91	5.98	6.41
Profit before tax	21.46	4.70	0.23	7.89	5.77	4.54	19.73	5.05	14.34	7.78	17.46	6.85	9.07
Tax %	-7.88%	-20.21%	0.00%	12.67%	7.63%	27.53%	43.94%	76.63%	30.68%	11.95%	39.81%	82.19%	61.30%
	23.15	5.65	0.23	6.89	5.33	3.29	11.06	1.18	9.94	6.85	10.51	1.22	3.51
EPS in Rs	17.32	4.23	0.17	5.15	3.99	2.46	8.27	0.88	7.44	5.12	7.86	0.91	2.63
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
	459	531	455	407	400	372	322	335	544	597	552	596	615
	339	393	366	326	349	333	289	295	490	535	492	537	567
Operating Profit	120	138	89	81	51	39	33	41	54	62	60	60	48
OPM %	26%	26%	20%	20%	13%	11%	10%	12%	10%	10%	11%	10%	8%
	0	0	1	2	2	2	-3	-4	43	8	10	12	18
Interest	25	29	41	38	34	35	25	13	13	0	0	0	0
Depreciation	33	40	46	42	40	34	34	32	35	34	32	26	25
Profit before tax	63	69	3	4	-22	-28	-30	-8	49	36	38	45	41
Tax %	9%	7%	-95%	52%	-21%	11%	-4%	24%	-27%	-12%	30%	36%
	57	64	5	2	-17	-31	-29	-10	62	41	27	28	22
EPS in Rs	54.36	56.20	4.51	1.49	-13.84	-24.87	-23.15	-8.10	50.05	30.46	19.88	21.31	16.52
Dividend Payout %	6%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	1%
5 Years:	13%
3 Years:	3%
TTM:	15%

Compounded Profit Growth
10 Years:	-8%
5 Years:	28%
3 Years:	-10%
TTM:	-13%

Stock Price CAGR
10 Years:	4%
5 Years:	70%
3 Years:	-6%
1 Year:	-20%

Return on Equity
10 Years:	2%
5 Years:	6%
3 Years:	7%
Last Year:	6%

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	11	11	11	11	12	12	12	12	12	13	13	13	13
Reserves	369	450	445	426	376	350	320	311	388	427	447	474	481
	271	289	321	335	312	307	298	220	51	43	42	41	41
	67	84	64	70	65	82	102	100	104	97	98	98	125
Total Liabilities	718	834	841	843	765	751	733	644	556	580	601	627	660
	401	439	444	452	406	389	364	289	262	241	216	219	237
CWIP	48	68	78	80	66	65	65	25	25	25	26	21	23
Investments	0	0	0	0	0	0	0	0	0	0	20	19	56
	268	327	319	310	293	297	304	330	269	314	339	368	345
Total Assets	718	834	841	843	765	751	733	644	556	580	601	627	660

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
	52	53	68	47	59	31	45	78	132	41	37	37
	-104	-95	-67	3	-18	8	-11	-5	57	-17	-58	-8
	55	40	-1	-46	-44	-39	-35	-73	-162	-9	-1	-1
Net Cash Flow	3	-2	-1	3	-4	0	-1	-0	27	14	-22	28

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	37	45	51	55	43	46	43	33	21	24	51	49
Inventory Days	178	173	194	219	226	246	286	296	129	118	132	125
Days Payable	26	38	40	38	48	52	72	77	76	47	56	45
Cash Conversion Cycle	190	180	204	236	221	240	257	252	74	95	127	129
Working Capital Days	98	115	146	179	163	144	127	166	74	85	112	120
ROCE %	15%	14%	6%	5%	2%	1%	1%	2%	8%	8%	8%	9%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	40.81%	40.81%	41.76%	41.76%	41.76%	41.76%	41.76%	41.76%	41.76%	41.76%	41.76%	41.76%
	0.28%	0.33%	0.96%	1.13%	1.07%	1.00%	0.98%	1.03%	1.59%	1.48%	1.06%	1.18%
	58.91%	58.86%	57.28%	57.11%	57.19%	57.26%	57.26%	57.21%	56.65%	56.76%	57.17%	57.06%
No. of Shareholders	18,231	19,952	21,189	22,015	22,243	21,719	20,498	19,267	19,560	19,913	19,614	19,557

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	37.51%	37.51%	37.51%	35.89%	35.89%	40.81%	41.76%	41.76%	41.76%
	0.48%	0.48%	0.04%	0.04%	0.04%	0.33%	1.00%	1.48%	1.18%
	0.28%	0.45%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	61.73%	61.56%	62.43%	64.07%	64.07%	58.86%	57.26%	56.76%	57.06%
No. of Shareholders	20,556	19,316	18,375	17,209	13,829	19,952	21,719	19,913	19,557

* 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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Venus Remedies Ltd

Venus Remedies Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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