Bafna Pharmaceuticals Ltd - Stock Valuation and Financial Performance

BSE: 532989 | NSE: BAFNAPH | Pharmaceuticals & Drugs | Small Cap

Bafna Pharma Share Price

86.94 -1.06 -1.20%
as on 25-Apr'24 16:01

DeciZen - make an informed investing decision on Bafna Pharma

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Bafna Pharmaceuticals stock performance -

mw4me loader
P/E Ratio (SA):
18.26
Market Cap:
205.7 Cr.
52-wk low:
76.5
52-wk high:
125.6

Is Bafna Pharmaceuticals Ltd an attractive stock to invest in?

1. Is Bafna Pharmaceuticals Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bafna Pharmaceuticals Ltd is a below average quality company.

2. Is Bafna Pharmaceuticals Ltd undervalued or overvalued?

The key valuation ratios of Bafna Pharmaceuticals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Bafna Pharmaceuticals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bafna Pharmaceuticals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Bafna Pharma:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bafna Pharmaceuticals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.9%11.1%-2.6%-8.1%-30.7%-23.7%-3.2%9.8%7.7%13.6%-
Value Creation
Index
-0.5-0.2-1.2-1.6-3.2-2.7NA-0.3-0.50.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 17814385.36547.243.642.571.285.1115153
Sales YoY Gr.--19.7%-40.1%-23.9%-27.4%-7.5%-2.7%67.7%19.6%35.5%-
Adj EPS 1.54.4-6.6-10.1-15.9-8.3-8.42.42.14.34.8
YoY Gr.-192%-249.8%NANANANANA-10.6%102.4%-
BVPS (₹) 32.638.431.52217.18.8-18.62426.231.133.6
Adj Net
Profit
2.88.2-12.2-18.8-37.7-19.7-25.6510.111
Cash Flow from Ops. 0.89.5-319.8-7.1-1.1-34.3-13.69.75-
Debt/CF from Ops. 129.16.7-27.14.2-6.6-42.2-0.1-11.14.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.7%19.6%39.5%35.5%
Adj EPS 12.3%NANA102.4%
BVPS-0.6%12.6%NA18.6%
Share Price 13.2% 57.4% -14% 2.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.111.6-18.7-35.9-88.2-64.4-5.510.38.414.914.7
Op. Profit
Mgn %
13.2183.8-8-74.4-29.8314.51413.610.3
Net Profit
Mgn %
1.65.7-14.4-28.9-80-45.2-4.77.85.88.77.4
Debt to
Equity
1.60.91.421.22.2-0.70.20.20.3-
Working Cap
Days
30433649060372168245919321220897
Cash Conv.
Cycle
10415224729023631340748148

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.70%

Sales growth is growing at healthy rate in last 3 years 39.52%

Sales growth is good in last 4 quarters at 99.53%

No data to display

Latest Financials - Bafna Pharmaceuticals Ltd.

Standalone Consolidated
TTM EPS (₹) 4.8 -0.9
TTM Sales (₹ Cr.) 153 42.5
BVPS (₹.) 33.6 0
Reserves (₹ Cr.) 56 -7
P/BV 2.59 0.00
PE 18.26 0.00
From the Market
52 Week Low / High (₹) 76.50 / 125.55
All Time Low / High (₹) 4.65 / 195.95
Market Cap (₹ Cr.) 206
Equity (₹ Cr.) 23.7
Face Value (₹) 10
Industry PE 48.5

Management X-Ray of Bafna Pharma:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bafna Pharma

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales17814385654744427185115
Operating Expenses 15611783708257416173100
Manufacturing Costs1214108101111141314
Material Costs120816250332416324063
Employee Cost 1410677910121516
Other Costs 11124631134467
Operating Profit 21253-5-35-131101216
Operating Profit Margin (%) 11.9%17.8%3.3%-8.0%-74.4%-30.0%2.9%14.5%14.0%13.6%
Other Income 11113100123
Interest 12121211720112
Depreciation 8544433455
Exceptional Items 0-3000000-20
Profit Before Tax 26-13-19-14-18-26512
Tax 100-1220000
Profit After Tax 16-12-18-16-20-26511
PAT Margin (%) 0.8%4.3%-14.3%-28.4%-34.9%-45.2%-4.4%8.2%6.1%9.8%
Adjusted EPS (₹)0.73.3-6.5-9.9-7.0-8.3-7.92.52.24.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 697259414121-4576273
Share Capital 1919191924242242424
Reserves 5053412217-3-7333850
Minority Interest0000000000
Debt9964808247463131020
Long Term Debt2010353923233358
Short Term Debt795345432323010512
Trade Payables39353023283913111228
Others Liabilities 15151520131460767
Total Liabilities 223185185167128121718690130

Fixed Assets

Gross Block85707272737374808895
Accumulated Depreciation22222529333639444954
Net Fixed Assets63494743403735363940
CWIP 0000000102
Investments 1181818110000
Inventories2715161711911152022
Trade Receivables9383685424256101541
Cash Equivalents 2233338208
Others Assets36173332484510231617
Total Assets 223185185167128121718690130

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 19-320-7-1-34-14105
PBT 26-13-19-14-18-26512
Adjustment 19-251515-205-20468
Changes in Working Capital -2030-6242712-12-23-1-15
Tax Paid 0-200000000
Cash Flow From Investing Activity -556-1-1438433-5-7-7
Capex -2-8-20470-1-6-8-7
Net Investments 01500000000
Others -3491-14-943411-1
Cash Flow From Financing Activity -14-664-5-31-2712-510
Net Proceeds from Shares 0-170412055000
Net Proceeds from Borrowing -2-11254-160-203-512
Interest Paid -12-12-12-11-7-2000-2
Dividend Paid 0000000000
Others 0-26-8-2-200-281000
Net Cash Flow -18000006-7-28
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.259.22-18.69-37.05-40.37-64.36N/A22.268.7916.75
ROCE (%)9.1512.56-0.04-5.98-6.97-20.9N/A10.628.4216.12
Asset Turnover Ratio0.760.70.470.380.320.350.440.90.961.05
PAT to CFO Conversion(x)11.5N/AN/AN/AN/AN/A-2.3320.45
Working Capital Days
Receivable Days183225319335302205133405288
Inventory Days495367911068389697767
Payable Days170167191197280513586134106118

Bafna Pharmaceuticals Ltd Stock News

Bafna Pharmaceuticals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bafna Pharma on 25-Apr-2024 16:01 is ₹86.94.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 25-Apr-2024 16:01 the market cap of Bafna Pharma stood at ₹205.7.
The latest P/E ratio of Bafna Pharma as of 25-Apr-2024 16:01 is 18.26.
The latest P/B ratio of Bafna Pharma as of 25-Apr-2024 16:01 is 2.59.
The 52-week high of Bafna Pharma is ₹125.5 and the 52-week low is ₹76.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bafna Pharma is ₹153.3 ( Cr.) .

About Bafna Pharmaceuticals Ltd

Bafna Pharmaceuticals was incepted by Bafna Mahaveer Chand in 1981 as a proprietary concern. It was converted into a public limited company on 28th march 1995. The company started its own manufacturing unit in October 1984.

Bafna Pharmaceuticals started its production with tablets facility and subsequently added capsule and oral syrup facilities respectively. BAFNA always focused on institutional and generic supply to keep its production line busy. It also concentrated on registering its products in the international market.

The present manufacturing facilities of BAFNA is set up at Chennai. The facility for producing Betalactam products was constructed in the year 2001 in a separate block.

It acquired 2.65 acres of factory land in Grantylon village, near Chennai to expand its operations to regulated market like US and UK and also to manufacture its own products.

The company’s vision is to become a leading professionally run global pharma company setting standards across the pharma value chain.

Product Range:

  • Antibacterials
  • Antipyretics
  • Antconvulsants
  • Anxiolytics
  • Pain management
  • Anthelmintics
  • Antifungal
  • Appetite stimulants
  • Antidiarrhoeals
  • Antiemetics
  • Hypnotics
  • Antacids and antiulcerants
  • Vitamin and dietery preparation
  • Cough and cold preparations
  • Antiasthmatics
  • Calcium preparations
  • Antihypertensives
  • Antidiabetics

Achievements/ Awards:

  • BAFNA was awarded the WHO GMP in the year 1995.
  • Bagged the ‘Best Supplier Award’ from the State Pharmaceutical Corporation of Sri Lanka on 30th July 2005.
  • Accorded the status of an ‘Export House’ in recognition of its excellent export performance.
  • Received Medicines and Health Care Products Regulatory Agency (MHRA) approval for its Grantlyon facility meant for exports to the UK markets. Bafna was the 35th company in the Indian pharmaceuticals industry (IPI) to receive MHRA approval.
  • 2009 ISO 9001: 2000 Certificate of Registration for Manufacture and Export of Pharmaceutical products
  • MHRA Certificate of GMP Compliances of Manufacturer from Medicines and Healthcare products Regulatory Agency, U.K.
  • 2010 Bafna Pharmaceuticals have been awarded the Gold Quality Excellence Award 2009
  • Bafna Pharmaceuticals have inaugurated its Formulation Research & Development unit (Formulation Facility) in Chennai
  • 2011 Bafna Pharmaceuticals has received Indian Drug Manufacturer's Association (IDMA) Quality Excellence Award 2010 - Silver Award under the category of Formulations Units
  • Bafna Pharmaceuticals has received Udyog Rattan Award and Excellence Award from the Institute of Economic Studies Delhi.
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