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Lactose (India) Ltd. Stock Analysis

Small Cap
Evaluated by 196 users | BSE: 524202 | NSE: |
Pharmaceuticals & Drugs
Lactose (India), a Toshniwal Group company, was incorporated in 1991, under the Companies Act, 1956. Its  plant in Vadodara, Gujarat was commissioned by Alfa Laval, Pune (which is a subsidary of Alfa Laval of Sweden) and was also given a ‘thumbs up’ by reputed dairy...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 5.56%7.29%5.7%-2.53%4.95%9.46%9.88%3.78%6.22%5.52%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 26.540.146.622.223.734.535.731.140.640.1
Y-o-Y Gr. Rt.-51.3%16.4%-52.3%6.5%45.4%3.5%-12.8%30.6%-1.4%
Adjusted EPS (Rs.) 0.541.111.08-1.910.532.532.87-1.330.620.07
Y-o-Y Gr. Rt.-105.6%-2.7%-276.9%NA377.4%13.4%-146.3%NA-88.7%
Book Value per Share (Rs.) 16.4917.7818.8518.5718.8722.4527.6331.0533.6133.65
Adjusted Net Profit 0.40.80.8-1.50.52.22.8-1.30.60.1
Net Op. Cash Flow (Rs. Cr.) 2.6-3.114.57.512.71.57.60.24.97.6
Debt to Cash Flow from Ops 2.54-1.710.593.133.0525.284.63238.497.425.08
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Lactose (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.7%11.1%4%-1.4%
Adjusted EPS -20.3%-33.3%-71%-88.7%
Book Value per Share 8.312.36.80.1
Share Price 9.2% -14.8% -50% 10.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 3.476.485.93-10.332.912.2911.8-4.551.90.21
Operating Profit Margin (%) 9.18.726.225.2521.6230.3831.9318.0723.6623.17
Net Profit Margin (%) 1.492.021.76-6.891.896.487.8-4.281.550.18
Debt to Equity 0.550.410.591.572.451.881.311.221.071.12
Working Capital Days 193158140278235187207211158173
Cash Conversion Cycle 1667523484257686491
Entity Percentage Holding
Promoters 42.90%
Institutions 0.76%
Non-Institutions 56.33%
Pledged *0.000.000.000.000.0060.0960.613.943.9460.61
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Lactose (India) Ltd.'s performance infers:

Lactose (India) Ltd. earnings have declined by -33.3%, whereas share price has depreciated -14.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Lactose (India) Ltd. share prices over the last 10 years. Here is what we found out:

Lactose (India) Ltd. share price has depreciated 6.5% annually over the past ten years.

Lactose (India), a Toshniwal Group company, was incorporated in 1991, under the Companies Act, 1956. Its  plant in Vadodara, Gujarat was commissioned by Alfa Laval, Pune (which is a subsidary of Alfa Laval of Sweden) and was also given a ‘thumbs up’ by reputed dairy experts from the Netherlands in October 1991. Subsequently Alfa Laval, reputed dairy experts from Sweden and a joint commission from the Netherlands studied the plant and its working and confidently

Lactose (India), a Toshniwal Group company, was incorporated in 1991, under the Companies Act, 1956. Its  plant in Vadodara, Gujarat was commissioned by Alfa Laval, Pune (which is a subsidary of Alfa Laval of Sweden) and was also given a ‘thumbs up’ by reputed dairy experts from the Netherlands in October 1991. Subsequently Alfa Laval, reputed dairy experts from Sweden and a joint commission from the Netherlands studied the plant and its working and confidently acknowledged the plant for its quality standards as well.

For ten years now, Lactose (India) Limited has stood for perfection, quality, constant innovation and complete dedication to their clients. With up to date technology, the company is one of India's leading producers of Edible and Pharmaceutical grade Lactose. Apart from this, the company also manufactures Dairy Whitener, Dairy Calcium, Whey Powder, Casein, Caseinate, Butter and Ghee.

The company still boasts of being the first company to manufacture Lactose in the Asian subcontinent. The company has since grown to be a leading player in the Lactose market and continues to supply consistent quality Lactose to several global giants in the pharmaceutical world. It commands a 40% overall market share and this makes the company the leading Lactose supplier in the country.

With its unparalled infrastructure of requisite equipment and dedicated work force, Lactose (India) has a state of the art manufacturing facility for contract manufacturing of pharmaceutical products.The latest in its diverse interests is the manufacturing of pharmaceutical formulations for Aventis Pharma (earlier-Hoechst Marion Roussel), for the purpose of domestic use and export to Russia.

The state of art manufacturing facilities for the manufacture of pharmacuetical formulations is in compliance with all international standards.The plant is approved under WHO-cGMP guidelines and also holds TUV certificate as an ISO 9001 : 2000 company.The manufacturing facilities include wet granulation,Fluid bed drying, compaction, blending and coating facilities with the latest technology equipments.The manufacturing facilities is well supported by its total in-house Quality Control set-up with latest Testing equipments and an upto date Microbiology Testing Laboratory. The facility is supported by an equally competent and FDA approved Manufacturing professionals.

Besides providing lactose for pharmaceutical giants, food,confectionary and dairy companies in India, the company's product also leaves Indian shores for the African continent, South East Asia, and some of its other neighbouring countries.

After achieving its ambitious goal of being the most successful and leading Lactose manufacturer and supplier in the country, the company is now venturing aggressively into exports of pharmaceuticals and related products.

Product range of the company includes:

  • Edible and Pharmaceutical grade Lactose
  • Dairy Whitener
  • Dairy Calcium
  • Whey Powder
  • Casein
  • Caseinate
  • Butter and Ghee.

Awards & Achievements:

  • TUV Certificate
  • An ISO 9001:2000 Certified company
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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