Themis Medicare Ltd Stock Analysis

BSE: 530199 | NSE: THEMISMED | Pharmaceuticals & Drugs | Small Cap

BSE Share Price Jan 18, 18:01
1018.20 6.95 (0.69%)

DeciZen - Make an Informed Decision on Themis Medicare

Overall Rating

1. Quality

2. Valuation

Overvalued
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

10 Year X-Ray of Themis Medicare:

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % -13.4%1.9%7.9%7.7%14.9%12.2%7.7%-2.2%10.3%13.3%-
Value Creation Index -2.0-0.9-0.4-0.50.1-0.1-0.5-1.2-0.3-0.1-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 138148172167203217210184202231347
YoY Gr. Rt. %-7.4%15.8%-2.8%21.6%6.8%-3.3%-12.1%9.5%14.4%-
Adj EPS -41.4-9.12.72.817.716.610.3-14.417.228.562.1
YoY Gr. Rt. %-NANA3%543.3%-6.1%-38.3%-240.8%NA66.1%-
BVPS (₹) 64.354.257.557.775.5154.4169.4155.5172.9201.8243.4
Adj Net Profit -33.4-7.42.32.315.1159.4-13.315.826.257
Cash Flow from Ops. -14-2.88.51118.7-1.57.9110.357-
Debt/CF from Ops. -8.6-44.313.6105.1-54.610.27.5299.21.5-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 5.9%2.6%3.3%14.4%
Adj EPS NA10%40.7%66.1%
BVPS 13.621.7616.8
Share Price 29.7% 11% 47.1% 202.9%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -48.4-15.34.94.826.614.66.3-8.910.415.227.9
Op. Profit Mgn % -126.911.56.815.515.112.11.417.721.626.4
Net Profit Mgn % -24.2-51.31.47.46.94.5-7.27.811.416.5
Debt to Equity 2.32.82.42.21.50.60.50.60.60.50.1
Working Cap Days 325268231245194183225291302276173
Cash Conv. Cycle 89453245467611617118116680

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 27.90%

Net Profit is growing at healthy rate in last 3 years 40.67%

Debt to equity has declined versus last 3 years average to 0.46

Sales growth is good in last 4 quarters at 70.84%

Sales growth has been subdued in last 3 years 3.26%

Latest Financials - Themis Medicare Ltd.

Standalone Consolidated
TTM EPS (₹) 62.1 76.4
TTM Sales (₹ Cr.) 347 347
BVPS (₹.) 243.4 288.3
Reserves (₹ Cr.) 215 256
P/BV 4.15 3.50
PE 16.28 13.20
From the Market
52 Week Low / High (₹) 271.70 / 1198.80
All Time Low / High (₹) 12.00 / 1198.80
Market Cap (₹ Cr.) 930
Equity (₹ Cr.) 9.2
Face Value (₹) 10
Industry PE 40.9

Management X-Ray of Themis Medicare :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.0023.5123.51
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Themis Medicare Ltd

Themis Medicare (TML) incorporated in 1969, is engaged in manufacturing of Active Pharmaceutical Ingredients (APIs) and Formulations. Erstwhile known as Themis Chemical the company is promoted by Mr. Shantibhai D. Patel. It is joint venture with Gedeon Richter, Hungary.

Headquartered in Mumbai, the company has four manufacturing facilities located at Vapi (Gujarat), Hyderabad (Andhra Pradesh), and Haridwar (Uttaranchal).

The company is backed by strong marketing workforce of 500 people with network of over 2000 stockists. The company has pan-India presence; it also has presence in 40 countries that include international markets namely Europe, Americas and Australasia.

Company has an in-house R&D facility that focuses on development of new chemical, new and efficient processes for production of API and intermediates, fermentation technology and New Drug Delivery Systems.

Themis Medicare is also engaged in supplying its research formulations to well known Pharmaceutical companies in India namely Alkem Lab, Fulford, Intas Pharmaceuticals, IPCA Lab., Cadila Healthcare, Aristo Pharma, Mankind Pharma, Shreya Lifesciences, Nicholas Piramal, Unichem Lab, etc.

Products

Active Pharmaceutical Ingredients- The Company is manufactures APIs that caters to therapeutic segment such as antituberculosis, antimalarials, cardiology, pain management, anti-infectives, haematinics, health and nutrition. Company manufactures products namely Simvastatin, Lovastatin, Propofol, Ethambutol, Di-methyl Isosorbide, Artesunate, Lumefenterine, Arteether are among others.

Formulations- The company also formulations that caters to therapeutic segment. It has produced products such as Themibutol, Tetracox, Tricox, Ticinex, Ticin are among others.

Milestones

1969- Themis Chemicals was incorporated in joint venture with GEDEON Richter, Hungary.

1971- Themis Chemicals became first company in India and second company in the world to manufacture Vitamin B12 by non-sterile fermentation process.

1976- Themis Chemicals became first company in India and second company in the world to manufacture Ethambutol Dihydrochloride.

1985- RIFAMPICIN was produced for first time in India by Themis Chemicals.

1990- Company developed and manufactured HEMOLOK.

1991-92 Besides Schering Plough of USA, company was only one to manufactures SISOMICIN. Company developed and manufactured ANABLOKTM – an anaesthetic.

1993- It was only private sector company to produce GENTAMICIN in India

1995- For the first time in the world the company produces FUMAGILLIN– a unique veterinary productThemis Chemicals is listed on the Bombay Stock Exchange.

1996- The company became first in India and third in the world to produce LOVASTATIN.

1997- Company received award from Ministry of Science and Technology’s Department of Scientific and Industrial Research (DSIR).

1998- Company developed Simvastatin for the first time in Asia.

1999- Company launched E MALTM – Alpha Beta Arteether and it also received award from Ministry of Science and Technology’s Department of Scientific and Industrial Research (DSIR) for the same.

2001- Company was rechristened as Themis Medicare

2002- The company for first time in India developed SEPGARDTM – a unique wound healing agent.

2003- For first time in the world, company developed CLEOFOLTM- a Lipid free Clear Propofol Injection. In the same year it also introduced the first COX-2 INJECTION in the world.

2004- Artemis Biotech was merged with Themis Medicare. The company forms its second joint venture with Gedeon Richter of Hungary to set up 100% export oriented unit under the name Richter Themis Medicare (INDIA). The same year the company commissions a new facility at Hyderabad.

2006- Company starts operations of its manufacturing unit located at Haridwar. Company develops and introduces Nimesulide Injection. Company launches THEMISEALTM- a stops bleeding gel and forays in European market. Company started cultivation of Artemisia annua and extraction of Artemisinin.

2007- For first time in the world, the company introduced Aceclofenac Injection.

2010 - Themis Medicare launched a combination of Lidocaine & Prilocaine in 'Spray' form under the brand name ""Lovelong""
2011 - Themis Medicare have introduced for the First Time in the Country a 'calcium' preparation with fruitygummies for paediatric use under the brand name "THEMIBEAR".
The Company have introduced for the First Time in the country a ""Multivitamin"" for Paediatric use under the brand name "THEMIBEAR"
2013 - Introduction of oil free Emal (Alpha beta arteether injection) in ampoules, and PFS  (Pre-Filled Syringe)
Break through development of Diclofenac 75 mg / ml injection using patented technology and assigned exclusive marketing rights to Novartis India Limited under their flagship brand - Voveran 75 mg / ml Injection
Long term partnership signed with Novartis India Limited for exclusive marketing rights of Diclofenac TPM Gel (Voveran TPM Gel) for India

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