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Parenteral Drugs (India) Ltd. Stock Analysis

Small Cap
Evaluated by 188 users | BSE: 524689 | NSE: PDPL |
Pharmaceuticals & Drugs
Established in the year 1983, Parenteral Drugs has dedicated itself to the manufacturing of the best quality vital life saving drug at the lowest possible cost. Over the years, its path breaking innovation has led not only to lower costs but better quality as well because PDPL firmly believes...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 7.87%4.46%-3.58%-9.88%-3.63%-2.22%-9.47%-8.1%-5.95%-22.38%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 33637822318718717614952.23332
Y-o-Y Gr. Rt.-12.6%-41.2%-15.9%-0.4%-5.7%-15.4%-64.9%-36.9%-2.9%
Adjusted EPS (Rs.) 10.553.33-18.44-32.88-19.69-18.12-36-37.4-31.81-49.61
Y-o-Y Gr. Rt.--68.4%-653.8%NANANANANANANA
Book Value per Share (Rs.) 118.66116.2497.7575.5749.6731.534.36-92.24-124.48-174.17
Adjusted Net Profit 27.38.6-47.7-85.1-58.7-54-107-112-94.9-148
Net Op. Cash Flow (Rs. Cr.) 49.378.6-4.5-156-21.4-4.831.4121148456
Debt to Cash Flow from Ops 4.043.2-59.73-2.29-19.62-95.0517.865.274.31.4
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.
Parenteral Drugs (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -23%-29.7%-40.1%-2.9%
Adjusted EPS -218.8%NANANA
Book Value per Share -204.4-228.5-441.80
Share Price -33.9% -38.9% -48.3% -30.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 9.162.68-15.63-34.21-31.87-40.7-54.32-80.29158.8253.3
Operating Profit Margin (%) 16.4211.83.92-11.79-21.567.27-31.1-64.38-42.84-55.62
Net Profit Margin (%) 8.122.27-21.43-45.43-31.48-30.72-72.14-213.58-287.82-462.02
Debt to Equity 0.640.821.041.722.644.3421.51-2.32-1.72-1.23
Working Capital Days 205190281300321371370651804835
Cash Conversion Cycle 12697105125198258254482255-9
Entity Percentage Holding
Promoters 73.28%
Institutions 0.01%
Non-Institutions 26.71%
Pledged *100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Parenteral Drugs's performance infers:

Parenteral Drugs earnings have grown by 0%, whereas share price has depreciated -38.9% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Parenteral Drugs share prices over the last 10 years. Here is what we found out:

Parenteral Drugs share price has depreciated -36.3% annually over the past ten years.

Established in the year 1983, Parenteral Drugs has dedicated itself to the manufacturing of the best quality vital life saving drug at the lowest possible cost. Over the years, its path breaking innovation has led not only to lower costs but better quality as well because PDPL firmly believes that better quality dose not necessarily mean higher price, it can also be achieved by indigenous techniques and innovative technologies.

Commencing with production of I.V. fluids in polypropylene

Established in the year 1983, Parenteral Drugs has dedicated itself to the manufacturing of the best quality vital life saving drug at the lowest possible cost. Over the years, its path breaking innovation has led not only to lower costs but better quality as well because PDPL firmly believes that better quality dose not necessarily mean higher price, it can also be achieved by indigenous techniques and innovative technologies.

Commencing with production of I.V. fluids in polypropylene bottles for the first time ever, as against glass, PDPL has followed up the success in creating single use disposable eye drop It is now set to bring dialysis within the reach of the common man with its innovatively and indigenously made CAPD kits . The company went for a successful public issue in 1994. Using money merely as means to achieve an end, the company has very judiciously applied it to shape out to a reality from the blue print of the dreams of carefully identified areas of potent niche activities. A cost-effective technology at work is evident in every area of its varied production processes. In fact this is one of the rare companies which showcases the use of most modern state-of-the-art technologies co-existing in harmonious synergy with the labor intensive technologies and retained in larger societal interests.

Parenteral Drugs (India)  believes in appropriate and systematic methods and observes highest standard in  letter and spirit. Parenteral Drugs (India)’s quality standards are  truly  high. The company follows a stringent quality control policy, indeed takes quality control measures at every stage of the manufacturing process. The quality assurance department has a well equipped laboratory with most modern testing instrument. The quality policy has resulted in company being conferred upon the ISO 9001:2000 and WHO GMP certification by international bodies. Not just to the products at PDPL quality is pertinent to to every aspect pre-delivery service, delivery and post delivery service. It is a part of the people's attitude in every step from administration production to distribution.

PDPL is the pioneer company making 400 mg Ciprofloxacin infusion in 200 ml with 5% dextose. The I.V. fluids are packed in size ranging from 100 ml to 3 litre and dialysis solution up to 10 litres water for injection is manufactured with the help of hi-tech From-Fill-seal machine ranging from 1 ml to 10 ml.

Products manufactured by the company includes:

Solid and liquid orals

  • ANTIBIOTICS AND ANTIBACTERIAL
  • ANTIULCERANT
  • ANALGESICS ANTI-INFLAMMATORY
  • MULTIVITAMINS AND MINERALS
  • ANXIOLYTIC
  • ANTIPROTOZOAL
  • ANTICOLD
  • ANTHELMINTIC
  • ANTI-HISTAMINIC
  • MUSCLE RELAXANT
  • CARDIAC
  • ANTIDIABETIC
  • COUGH SYRUP
  • Appetite Enhancer

Injections

1. IV Fluids

  • Electrolytes
  • Antibacterial
  • Energy replenisher
  • Irrigation solution
  • Osmotic diuretic
  • Dialysis solution

2. Eye/ear drops

  • Cigram Drops
  • Gentate Drops
  • Gentate - B Drops
  • Ocuroid Drops
  • Flufen Eye Drops
  • Ikleen Eye Drops

Achievements/ recognition

  • The International Gold Awards.
  • The Udyog Ratna.
  • The company has recently achieved a major break-through in designing CAPD kits for patients with terminal renal failure.
  • Introduction of Ciprofloxacin 400 mg infusion in 200 ml with 5% Dextrose for the first time in our country.

Milestones

  • 1975- Founds Prem Pharmaceuticals (Leader in glass-filled I.V. fluids)
  • 1983- Establishes PDPL (Pioneering Leader in Polypropylene-filled I.V.fluids).
  • 1994- Successful public issue.
  • 1996-Launched First single Use Eye/Ear drop Dispensers using  FFS  technology
  • 1997- Establishes Royal Crystal Pvt. Ltd. [now Diamond Crystal-The only one to  make full lead Crystal Glassware in India]
  • 1998- Launched branded products in Tablets/Capsules/Liquids Orals/I.V.
  • 1998-Establishes Punjab Formulations.
  • 2001-Launched CAPD-the dialysis kit that's affordable by common man and is  superior to the import one.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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