Gland Pharma Ltd - Stock Valuation and Financial Performance

BSE: 543245 | NSE: GLAND | Pharmaceuticals & Drugs | Small Cap

Gland Pharma Share Price

1,804.65 -9.10 -0.50%
as on 04-Dec'24 14:27

DeciZen - make an informed investing decision on Gland Pharma

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Gland Pharma stock performance -

mw4me loader
P/E Ratio (SA):
27.10
Market Cap:
29,881.8 Cr.
52-wk low:
1,590
52-wk high:
2,221

Is Gland Pharma Ltd an attractive stock to invest in?

1. Is Gland Pharma Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gland Pharma Ltd is a good quality company.

2. Is Gland Pharma Ltd undervalued or overvalued?

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

3. Is Gland Pharma Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gland Pharma 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 Gland 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.
Gland Pharma Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 22.5%28.4%30%22.4%26.1%30.7%28%24.9%14%16.7%-
Value Creation
Index
1.01.51.71.01.31.71.51.20.20.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9941,3481,4791,6202,0442,6333,4634,4013,6174,1674,348
Sales YoY Gr.-35.6%9.7%9.5%26.2%28.8%31.5%27.1%-17.8%15.2%-
Adj EPS 1319.42619.828.24659.270.747.162.866.9
YoY Gr.-49.7%33.8%-24%42.7%63%28.8%19.4%-33.4%33.3%-
BVPS (₹) 89108.2134.9155.6184.7234.3359.3434.9482.8546556.8
Adj Net
Profit
2043014033064377129691,1577751,0341,103
Cash Flow from Ops. 1482244762021857016057913681,136-
Debt/CF from Ops. 1.10.500000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.3%15.3%6.4%15.2%
Adj EPS 19.1%17.4%2%33.3%
BVPS22.3%24.2%15%13.1%
Share Price - - -20.9% -0.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
18.319.621.413.616.621.920.317.710.312.212.1
Op. Profit
Mgn %
31.837.342.33334.636.337.634.328.233.833.6
Net Profit
Mgn %
20.522.427.318.921.4272826.321.424.825.4
Debt to
Equity
0.10.1000000000
Working Cap
Days
208192212239262230200211310306198
Cash Conv.
Cycle
130130128121115119123118183170177

Recent Performance Summary

Sales growth is good in last 4 quarters at 21.95%

Return on Equity has declined versus last 3 years average to 12.10%

Sales growth has been subdued in last 3 years 6.37%

Net Profit has been subdued in last 3 years 1.96%

Latest Financials - Gland Pharma Ltd.

Standalone Consolidated
TTM EPS (₹) 66.9 42
TTM Sales (₹ Cr.) 4,348 5,890
BVPS (₹.) 556.8 533.4
Reserves (₹ Cr.) 9,157 8,772
P/BV 3.26 3.40
PE 27.10 43.21
From the Market
52 Week Low / High (₹) 1590.00 / 2220.95
All Time Low / High (₹) 861.50 / 4350.00
Market Cap (₹ Cr.) 29,882
Equity (₹ Cr.) 16.5
Face Value (₹) 1
Industry PE 44.7

Management X-Ray of Gland 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 Gland Pharma

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales9941,3481,4791,6202,0442,6333,4634,4013,6174,167
Operating Expenses 6788468541,0851,3381,6782,1612,8902,5982,759
Manufacturing Costs105120266330412470511275319336
Material Costs4145403754806268361,2192,1091,6851,820
Employee Cost 106131153179223278311339400410
Other Costs 535459967794119167194192
Operating Profit 3165026255357069551,3021,5111,0191,409
Operating Profit Margin (%) 31.8%37.3%42.3%33.0%34.6%36.3%37.6%34.3%28.2%33.8%
Other Income 3037344986139135224240167
Interest 171664473578
Depreciation 57637478829599110147162
Exceptional Items 0000-20000-560
Profit Before Tax 2724595785026869931,3351,6191,0481,405
Tax 63146164180234220338407273362
Profit After Tax 2093144143214527739971,2127761,043
PAT Margin (%) 21.1%23.3%28.0%19.8%22.1%29.4%28.8%27.5%21.5%25.0%
Adjusted EPS (₹)13.420.226.720.729.249.961.073.847.163.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%32%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,3941,6772,0902,4102,8623,6305,8787,1457,9528,994
Share Capital 16151515151516161616
Reserves 1,3791,6622,0742,3952,8473,6145,8627,1297,9358,977
Minority Interest0000000000
Debt1369665544433
Long Term Debt775765544433
Short Term Debt594000000000
Trade Payables6689189292446249396463589295
Others Liabilities 163224189220209203218223229250
Total Liabilities 1,7582,0862,4742,9283,5234,0866,4967,8348,7739,541

Fixed Assets

Gross Block8201,0201,0061,0541,2201,3481,4312,0812,2952,580
Accumulated Depreciation172232134212291380476579724886
Net Fixed Assets6497888728439299689541,5021,5711,694
CWIP 192202161199123188338191177120
Investments 000000116382,386
Inventories3213673795139127561,2751,1861,9451,260
Trade Receivables1693514184755066026711,0758631,171
Cash Equivalents 3162735336717531,3253,0053,0863,7671,599
Others Assets1111051112282992462526324421,311
Total Assets 1,7582,0862,4742,9283,5234,0866,4967,8348,7739,541

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1482244762021857016057913681,136
PBT 2724595785026869931,3351,6191,0481,405
Adjustment 57697151763217-283723
Changes in Working Capital -117-187-11-193-354-80-436-393-40723
Tax Paid -64-117-161-157-223-244-311-407-311-316
Cash Flow From Investing Activity -400-12-97-359-314-766-1,525-1,0101,208-2,924
Capex -263-188-116-85-135-171-228-522-223-237
Net Investments -1571580-298-219-639-1,358-6121,271-475
Others 20181924404361123161-2,212
Cash Flow From Financing Activity 333-93-116-4-3-71,2383515-7
Net Proceeds from Shares 73700399001,22539211
Net Proceeds from Borrowing -11-31-7100-1-100-1
Interest Paid -14-13-6-3-3-6-2-3-6-7
Dividend Paid 0000000000
Others -379-49-40-3990017000
Net Cash Flow 82119263-160-132-72319-1841,591-1,795
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)18.7920.4221.9714.2717.1423.8120.9718.6210.2812.31
ROCE (%)22.528.3530.0422.4126.1130.682824.8613.9716.67
Asset Turnover Ratio0.660.710.650.60.630.690.650.610.440.46
PAT to CFO Conversion(x)0.710.711.150.630.410.910.610.650.471.09
Working Capital Days
Receivable Days627094100887767729889
Inventory Days1149391100127116107102158140
Payable Days7252135183215152977411489

Gland Pharma Ltd Stock News

Gland Pharma Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gland Pharma on 04-Dec-2024 14:27 is ₹1,804.7.
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 04-Dec-2024 14:27 the market cap of Gland Pharma stood at ₹29,881.8.
The latest P/E ratio of Gland Pharma as of 04-Dec-2024 14:27 is 27.10.
The latest P/B ratio of Gland Pharma as of 04-Dec-2024 14:27 is 3.26.
The 52-week high of Gland Pharma is ₹2,221 and the 52-week low is ₹1,590.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gland Pharma is ₹4,348 ( Cr.) .

About Gland Pharma Ltd

The company was incorporated as Gland Pharma Private Limited, a private limited company, at Hyderabad under the Companies Act, 1956 on March 20, 1978 and was granted the certificate of incorporation by the Registrar of Companies, Andhra Pradesh at Hyderabad. Subsequently, the name of the company was changed to Gland Pharma Limited pursuant to a special resolution passed by the shareholders of the Company on December 5, 1994, and a fresh certificate of incorporation dated April 25, 1995 was issued by the Registrar of Companies, Andhra Pradesh at Hyderabad consequent upon change of name and conversion into a public limited company under the Companies Act, 1956.

The company is one of the fastest growing generic injectables-focused companies by revenue in the United States from 2014 to 2019. It sells its products primarily under a business to business (B2B) model in many countries including the United States, Europe, Canada, Australia, India and the Rest of the world. It has a consistent compliance track record with a range of regulatory regimes across these markets. It also has an extensive track record in complex injectables development, manufacturing and marketing and a close understanding of the related sophisticated scientific, technical and regulatory processes. It was established in Hyderabad, India in 1978 and has expanded from liquid parenterals to cover other elements of the injectables value chain, including contract development, own development, dossier preparation and filing, technology transfer and manufacturing across a range of delivery systems. It has a professional management team and one of its Promoters, Shanghai Fosun Pharma, is a global pharmaceutical major.

Business area of company

The company is focused on meeting diverse injectables needs with a stable supply of affordable and high quality products. It has established a portfolio of injectable products across various therapeutic areas and delivery systems. It is present in sterile injectables, oncology and ophthalmics, and focus on complex injectables, NCE-1s, First-to-File products and 505(b)(2) filings. Its delivery systems include liquid vials, lyophilized vials, pre-filled syringes, ampoules, bags and drops. It is expanding its development and manufacturing capabilities in complex injectables such as peptides, long-acting injectables, suspensions and hormonal products as well as new delivery systems such as pens and cartridges.

Awards, accreditations and recognitions:

2014:

  • Awarded the ‘Outstanding Exports Performance Award’ under the Regional (America and Oceania) category by Pharmaceuticals Export Promotion Council of India.
  • Received the BS OHSAS 18001:2007 certifying the occupational health and safety management system of our manufacturing facility at Dundigal.
  • Received ISO 14001:2015 certifying the environmental management system of company’s manufacturing facility at Dundigal.
  • Received ISO 9001:2015 certifying the quality management system of manufacturing facility at Dundigal.

2016:

  • Awarded the ‘Top Exporter/Importer’ by the Hyderabad Customs Commissionerate, Customs and Central Excise, Government of India.

2017:

  • Awarded the ‘Excellence in Export Performance’ at the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry instituted by Surana Group of Industries, Secunderabad.
  • Awarded the ‘Outstanding Export Performance Award’ under Formulations Fast Growing -1 category by Pharmaceuticals Export Promotion Council of India.

2018:

  • Awarded the ‘Top Exporter’ by the Hyderabad Customs, Customs and Central Excise, Government of India.
  • Awarded the ‘Outstanding Export Performance Award’ under Formulations Silver Star category by Pharmaceuticals Export Promotion Council of India.

2019:

  • Awarded the ‘Best Exporter’ by the Hyderabad Customs.
  • Awarded the ‘Express Pharma Excellence Awards 2019’ under the turnover base Rs 500-2000 crore category organized by the Express Pharma and Optel Group.
  • Awarded the ‘Telangana Best Employer Brand Award’ at the 14th Employer Branding Awards organised by the Employer Branding Institute, India.

Major events and milestones

  • 1978: Incorporation of the Company by P.V.N. Raju.
  • 2000: Set up the in-house R&D facility at Dundigal, Hyderabad.
  • 2003: Received USFDA approval for the manufacturing facility at Dundigal.
  • 2004 -2 005: Launch of Enoxaparin Sodium Injection (Cutenox) in India and Rest of the world markets.
  • 2007: Capital infusion of approximately Rs 1,000 million into the Company pursuant to private equity investment aggregating to approximately Rs 1,200 million with EILSF Co-Invest I LLC.
  • 2010: Launched Heparin Sodium Injection in the US.
  • 2012: Received the ‘Certificate of GMP Compliance of a Manufacturer’ from BGV Hamburg (Germany) for manufacturing facility at Dundigal.
  • 2014: Obtained USFDA approval for small volume parenteral manufacturing facility at Visakhapatnam.
  • 2014: Commissioned the Pashamylaram Unit-II manufacturing facility.
  • 2014: Received the ‘Certificate of GMP Compliance of a Manufacturer’ from MHRA (UK) for manufacturing facility at Dundigal.
  • 2014: Capital infusion of $100 million into the Company pursuant to private equity investment aggregating to approximately $ 200 million with KKR Floorline Investment.
  • 2016: Obtained USFDA approval for facilities at Jawaharlal Nehru Pharma City, Visakhapatnam.
  • 2016: Obtained USFDA approval for manufacturing facility at Pashamylaram.
  • 2016: Obtained USFDA approval for facility at the Visakhapatnam Special Economic Zone.
  • 2017: Fosun Singapore acquired 74% stake in the Company.
  • 2018: Received ANDA approval for Enoxaparin Sodium Injection USP for the US market.
  • 2018: Received ANDA approval for Olopatadine Hydrochloride Ophthalmic Solution USP, 0.1%, our first Ophthalmic product approval.
  • 2019: Filed Dexrazoxane for Injection, company’s first filing with the National Medical Products Administration, China, and received clinical waiver.
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