Ind-Swift Ltd - Stock Valuation and Financial Performance

BSE: 524652 | NSE: INDSWFTLTD | Pharmaceuticals & Drugs | Small Cap

Ind-Swift Share Price

24.73 1.17 4.97%
as on 26-Apr'24 16:01

DeciZen - make an informed investing decision on Ind-Swift

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

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Ind-Swift stock performance -

mw4me loader
P/E Ratio (SA):
4.50
Market Cap:
134 Cr.
52-wk low:
7.8
52-wk high:
31.1

Is Ind-Swift Ltd an attractive stock to invest in?

1. Is Ind-Swift Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ind-Swift Ltd is a average quality company.

2. Is Ind-Swift Ltd undervalued or overvalued?

The key valuation ratios of Ind-Swift Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Ind-Swift Ltd a good buy now?

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

10 Year X-Ray of Ind-Swift:

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.
Ind-Swift Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -5.2%-11.1%-20.7%-27.5%-6.7%-2.5%-1.1%1.1%5.2%7.2%-
Value Creation
Index
-1.4NANANANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 570417304263270289330356398411473
Sales YoY Gr.--26.8%-27.1%-13.6%2.6%7.1%14%8.1%11.7%3.3%-
Adj EPS -22.7-28.8-39.7-33.7-6.5-2.1-5.2-6.1-4.3-3.75.5
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 10.9-16.2-53.7-115.4-125.4-124.9-131.7-128.3-133-130.1-134.4
Adj Net
Profit
-114-145-200-183-35.1-11.3-28.1-33.1-23.3-20.330
Cash Flow from Ops. 10385.6-1066.71.342.834.683.250.273.1-
Debt/CF from Ops. 9.812.2-9.9156788.623.629.412.320.613.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.6%8.8%7.6%3.3%
Adj EPS NANANANA
BVPS-231.8%NANANA
Share Price 13.2% 38.2% 81.7% 181.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-70.1-421.3143.342.95.41.74.14.73.32.8-4.2
Op. Profit
Mgn %
-5.7-16.8-51.6-24.92.93.77.111.611.410.28.9
Net Profit
Mgn %
-20-34.8-65.7-69.4-13-3.9-8.5-9.3-5.9-4.96.3
Debt to
Equity
14.7-15.5-4.1-1.7-1.6-1.5-1.4-1.5-1.4-1.4-
Working Cap
Days
537686799602355317291300281280110
Cash Conv.
Cycle
325391450195-44-89-101-102-67-51-269

Recent Performance Summary

Sales growth is good in last 4 quarters at 16.27%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 7.64%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Ind-Swift Ltd.

Standalone Consolidated
TTM EPS (₹) 5.5 5.5
TTM Sales (₹ Cr.) 473 473
BVPS (₹.) -134.4 -134.4
Reserves (₹ Cr.) -739 -739
P/BV -0.18 -0.18
PE 4.50 4.50
From the Market
52 Week Low / High (₹) 7.75 / 31.09
All Time Low / High (₹) 1.86 / 88.15
Market Cap (₹ Cr.) 134
Equity (₹ Cr.) 10.8
Face Value (₹) 2
Industry PE 48.8

Management X-Ray of Ind-Swift:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *73.4673.4342.8142.8142.8142.8142.8142.8142.8142.81
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ind-Swift

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
Sales570417304263270289330356398411
Operating Expenses 604487461328264278306315352369
Manufacturing Costs40231920242728305149
Material Costs458353220166154160188187211218
Employee Cost 45393739454649515864
Other Costs 6071185104414541473338
Operating Profit -34-70-157-6561123414542
Operating Profit Margin (%) -6.0%-16.8%-51.6%-24.9%2.3%3.7%7.1%11.6%11.4%10.2%
Other Income 132131415822152412
Interest 7740191611435525760
Depreciation 26393636353434333229
Exceptional Items 000-260-28276-1161
Profit Before Tax -124-147-200-363-538-17-29-2026
Tax -9-201102000
Profit After Tax -116-145-200-364-548-19-30-2026
PAT Margin (%) -20.3%-34.8%-65.7%-138.0%-20.1%2.8%-5.8%-8.4%-5.0%6.3%
Adjusted EPS (₹)-23.0-28.8-39.7-67.3-10.01.5-3.5-5.5-3.74.8
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 102-46-246-611-679-677-713-695-720-705
Share Capital 24242425111111111111
Reserves 77-70-270-636-690-688-724-706-731-716
Minority Interest0000000000
Debt9329101,0431,0481,0551,0091,0151,020985758
Long Term Debt585541672665681645644644619403
Short Term Debt347369371384374364371376366355
Trade Payables191150175162180199226232204235
Others Liabilities 1652138970576874115163361
Total Liabilities 1,3901,2281,061669613598602672632649

Fixed Assets

Gross Block560566573576576590601607630637
Accumulated Depreciation119162198234266299332363395421
Net Fixed Assets440404374342311291270244236216
CWIP 444200013930
Investments 45454544444124706454
Inventories2531139139454952637089
Trade Receivables44048538010884769410891105
Cash Equivalents 181717942017291613
Others Assets189159149124126122145144147142
Total Assets 1,3901,2281,061669613598602672632649

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 10386-106714335835073
PBT -124-147-200-363-538-19-28-20-35
Adjustment 10791169321732153887885
Changes in Working Capital 120142-7549-1813124-722
Tax Paid 0000000000
Cash Flow From Investing Activity -14-6-4-4-3-14-11-17-18-29
Capex -15-6-4-4-3-14-12-20-19-30
Net Investments 0000000200
Others 1000001211
Cash Flow From Financing Activity -89-81110-11-4-13-26-54-45-47
Net Proceeds from Shares 7000000000
Net Proceeds from Borrowing 00000000-74-208
Interest Paid -31-37-22-15-1-4-33-53-58-64
Dividend Paid 0000000000
Others -65-431325-3-97-188225
Net Cash Flow 0-10-8-516-312-13-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-112.51N/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)-4.27N/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.410.320.270.310.420.480.560.580.620.65
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A5.38N/AN/AN/A2.81
Working Capital Days
Receivable Days256400513334129100921009085
Inventory Days18515912189576055576069
Payable Days132176270371405432413448377367

Ind-Swift Ltd Stock News

Ind-Swift Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ind-Swift on 26-Apr-2024 16:01 is ₹24.73.
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 26-Apr-2024 16:01 the market cap of Ind-Swift stood at ₹133.9.
The latest P/E ratio of Ind-Swift as of 26-Apr-2024 16:01 is 4.50.
The latest P/B ratio of Ind-Swift as of 26-Apr-2024 16:01 is -0.18.
The 52-week high of Ind-Swift is ₹31.09 and the 52-week low is ₹7.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ind-Swift is ₹472.9 ( Cr.) .

About Ind-Swift Ltd

Ind-Swift Limited was incorporated as a public limited company on June 6, 1986 under the Companies Act 1956.It is the flagship company of India based Ind Swift Group. Ind-Swift Limited is a north India based pharmaceutical company.

Ind Swift Group is a legendary forename in the world Class Pharmaceutical Industry who has broaden its horizons by plucking profound & sparkling footprints on multifarious diversified fronts, whilst going steadily and surely, scripting a success story filled with enviable milestones and pioneering breakthroughs and has subsequently emergent as a group with an annual turn over of 1000 Crore.

Manufacturing of Pharmaceutical finished dosage are carried out at 7 state-of-the art manufacturing facilities which are second to the none are duly certified and approved by WHO GMP, spread over an area of 12, 00, 000 sq. ft. with manufacturing capacities confirming to stringent TGA/MHRA approvals; possessing an installed capacities of 3 billion units comprising tablets, capsules, ointments, injectables, liquids & dry syrup (all latest formulations with a marketing network.

Business areas of the company are:

Ind-Swift manufactures and markets finished dosage forms, through its different divisions, focusing on the needs of various therapeutic segments. The divisions include the following:Super Speciality, Animal Division, Daignozis, Institutions, Agile, Bio Sciences, Ethical, Health Care, Max Care, Mega care, Neuro and Resurgence

The company is also in health Publications- With the maiden issue in September, 2002; Ind-Swift’s Health Publication TRENDZ brings the latest in medical field to the medical fraternity. Routinely published four times a year, each issue of TRENDZ is devoted to important contemporary healthcare issues and medical issues of a particular specialty.

Ind Swift is known for it's reverse engineering ability with highly focused R & D capabilities (duly approved by Department of Science & Technology, Govt. of India) and is equipped with state-of-the-art equipment, facilities and talented pool of scientists and researchers.

  • A well accepted expertise in NDDS, in India and the world over.
  • A US patent for Clarie OD, with a market size of $300 million.
  • Another patent for Fexofenadine ODT with a market size of $2.5 billion.
  • Development of 10 new molecules with a market size of $6 billion.

Ind Swift’s efforts and achievements in taste masking of macrolides was India's first and remains the only feat of its kind in the country. The R &D department is also involved in creating international opportunities and alliances for CRAMS business, contributing significantly to the company's profitability. It also offers complete support to international partners for preparing and filing dossiers for finished dosages. By taking giant strides on roads less traveled, Ind-Swift has become one of India's fastest growing pharmaceutical companies.

Ind Swift has radianced up in infrastructures business in the name and style of “Ind Swift Infrastructures and developers Ltd, and has come up with a multi crore project named “Regalia Towers”, of course a society with 2 bedroom /3 bedroom flats and penthouses owing a mystique which is exemplary in itself which not only reflects a diversified transformative spell to infrastructures front but a unique state of art with the best of specifications also. In infrastructures, Ind Swift plans to be emergent with motels & Resorts project in the upcoming phases.

Awards/ Achievements

  • Ranked as one of the most promising pharmaceutical group in India by Express Pharma Pulse.
  • All India achievers award as legend in Business house category.
  • An ISO 9001, 2000 company.
  • Achieved Pharma Pulse award as fastest growing & most promising pharmaceutical company for three successive years.
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