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Dr. Reddy's Lab

₹1355.2 3.9 | 0.3%

Market Cap ₹113077 Cr.

Stock P/E 20.3

P/B 4.2

Current Price ₹1355.2

Book Value ₹ 322.5

Face Value 1

52W High ₹1420.2

Dividend Yield 0.59%

52W Low ₹ 1104.7

Dr. Reddy's Lab Research see more...

Overview Inc. Year: 1984Industry: Pharmaceuticals & Drugs

Dr. Reddy's Laboratories Limited is an India-based pharmaceutical corporation. The Company's segments consist of Global Generics, which is engaged in production and marketing prescription and over the counter finished pharmaceutical merchandise ready for consumption by patient, marketed under a brand name (branded formulations) or as usual finished dosages with healing equivalence to branded formulations (generics); Pharmaceutical Services and Active Ingredients (PSAI), which is engaged in manufacturing and advertising and marketing active pharmaceutical elements and intermediates for finished pharmaceutical merchandise; Proprietary Products, which focuses on studies and development of differentiated formulations and Others, which includes the Company's absolutely-owned subsidiary, Aurigene Discovery Technologies Ltd, which is a discovery stage biotechnology organisation growing novel and treatments in the fields of oncology and inflammation.

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Dr. Reddy's Lab Share Price

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Dr. Reddy's Lab Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Dr. Reddy's Lab Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 9728 10011 10292 9720 9359 10626 11850 13349 14405 16963 19484
Other Income 218 224 325 658 261 274 743 801 482 591 862
Total Income 9946 10235 10617 10378 9621 10899 12594 14150 14887 17554 20346
Total Expenditure 7005 7620 8227 8041 8087 8361 8981 10212 11811 12748 13557
Operating Profit 2942 2615 2390 2337 1534 2538 3613 3938 3076 4806 6789
Interest 107 65 64 57 63 57 48 47 38 17 22
Depreciation 381 490 650 735 774 781 789 835 814 923 976
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2454 2060 1677 1545 697 1701 2776 3056 2224 3866 5791
Provision for Tax 522 381 302 160 130 423 -162 870 601 1253 1449
Profit After Tax 1933 1679 1374 1384 567 1277 2938 2186 1623 2613 4342
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1933 1679 1374 1384 567 1277 2938 2186 1623 2613 4342
Adjusted Earnings Per Share 22.7 19.7 16.1 16.7 6.8 15.4 35.4 26.3 19.5 31.4 52.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% 13% 13% 7%
Operating Profit CAGR 41% 20% 22% 9%
PAT CAGR 66% 26% 28% 8%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 20% 13% 19% 8%
ROE Average 20% 14% 15% 14%
ROCE Average 26% 19% 19% 16%

Dr. Reddy's Lab Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 9329 10634 12078 11601 11808 12684 15192 16984 18336 20474 24241
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 902 939 994 485 488 345 19 18 20 29 50
Other Non-Current Liabilities 2378 2860 61 21 -9 139 -529 -187 75 432 531
Total Current Liabilities 4114 4679 4389 4258 4720 3079 4181 4560 6045 4440 5538
Total Liabilities 16723 19112 17522 16365 17007 16248 18863 21375 24476 25375 30359
Fixed Assets 2748 3249 4438 4842 4717 4683 4434 5844 6151 7195 7589
Other Non-Current Assets 5067 5459 2873 2929 3251 2632 4322 4586 4829 4498 4968
Total Current Assets 8908 10403 10211 8594 9039 8933 10107 10944 13494 13682 17802
Total Assets 16723 19112 17522 16365 17007 16248 18863 21375 24476 25375 30359

Dr. Reddy's Lab Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 56 116 68 202 67 121 113 39 1305 1160 112
Cash Flow from Operating Activities 906 1786 2747 1016 1539 2762 1839 3514 1339 5053 3450
Cash Flow from Investing Activities -881 -2017 -1910 1443 -1180 -551 -1689 -1458 -2038 -3448 -3430
Cash Flow from Financing Activities 28 189 -693 -2582 -304 -2223 -224 -794 506 -2697 68
Net Cash Inflow / Outflow 53 -41 144 -123 54 -12 -74 1262 -194 -1092 88
Closing Cash & Cash Equivalent 116 60 202 67 121 113 39 1305 1160 112 201

Dr. Reddy's Lab Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 22.71 19.71 16.11 16.7 6.83 15.39 35.35 26.28 19.51 31.37 52.06
CEPS(Rs) 27.18 25.46 23.73 25.56 16.16 24.79 44.85 36.31 29.3 42.45 63.76
DPS(Rs) 3.6 4 4 4 4 4 5 5 6 8 8
Book NAV/Share(Rs) 108.67 123.75 140.54 138.97 141.27 151.86 181.57 202.61 218.66 244.04 289.08
Core EBITDA Margin(%) 27.76 23.69 20.07 17.27 13.6 21.31 24.22 23.5 18.01 24.85 30.42
EBIT Margin(%) 26.11 21.05 16.91 16.48 8.12 16.54 23.83 23.24 15.7 22.89 29.84
Pre Tax Margin(%) 25.02 20.41 16.29 15.89 7.45 16.01 23.42 22.89 15.44 22.79 29.72
PAT Margin (%) 19.7 16.64 13.35 14.24 6.06 12.02 24.79 16.38 11.27 15.4 22.29
Cash Profit Margin (%) 23.58 21.49 19.66 21.8 14.33 19.37 31.45 22.63 16.92 20.85 27.29
ROA(%) 12.7 9.37 7.5 8.17 3.4 7.68 16.73 10.87 7.08 10.48 15.58
ROE(%) 22.79 16.97 12.2 11.78 4.88 10.5 21.22 13.69 9.26 13.57 19.54
ROCE(%) 23.41 16.5 12.04 11 5.36 12.49 18.58 17.81 11.68 18.91 25.52
Receivable days 140 167.66 152.52 155.75 167.87 136.06 128.69 119.2 114.34 99.35 83.48
Inventory Days 58.02 59.94 60.7 65.89 71.49 66.51 64.77 68.49 78.14 68.76 66.15
Payable days 98.27 83.2 88.52 99.98 121.14 119.58 100.38 99.93 102.62 115.51 130.85
PER(x) 22.55 35.39 37.67 31.53 60.98 36.05 17.64 34.37 44.14 29.47 23.65
Price/Book(x) 4.71 5.64 4.32 3.79 2.95 3.65 3.43 4.46 3.94 3.79 4.26
Dividend Yield(%) 0.7 0.57 0.66 0.76 0.96 0.72 0.8 0.55 0.7 0.87 0.65
EV/Net Sales(x) 4.69 6.16 5.31 4.73 3.96 4.42 4.49 5.6 4.99 4.5 5.25
EV/Core EBITDA(x) 15.5 23.58 22.87 19.66 24.15 18.52 14.73 18.97 23.35 15.9 15.06
Net Sales Growth(%) 15.34 2.91 2.81 -5.56 -3.71 13.53 11.53 12.65 7.91 17.75 14.86
EBIT Growth(%) 40.81 -17.04 -18.07 -7.99 -52.56 131.31 60.66 9.89 -27.11 71.67 49.71
PAT Growth(%) 52.73 -13.11 -18.17 0.71 -59.04 125.31 129.99 -25.57 -25.76 60.97 66.18
EPS Growth(%) 52.37 -13.21 -18.26 3.63 -59.09 125.31 129.72 -25.66 -25.76 60.77 65.98
Debt/Equity(x) 0.29 0.3 0.26 0.2 0.22 0.08 0.1 0.07 0.12 0 0.03
Current Ratio(x) 2.17 2.22 2.33 2.02 1.92 2.9 2.42 2.4 2.23 3.08 3.21
Quick Ratio(x) 1.78 1.86 1.94 1.59 1.52 2.25 1.89 1.78 1.68 2.4 2.49
Interest Cover(x) 24.02 32.84 27.16 28 12.1 30.94 59.07 66.44 59.52 229.76 266.66
Total Debt/Mcap(x) 0.06 0.05 0.06 0.05 0.07 0.02 0.03 0.02 0.03 0 0.01

Dr. Reddy's Lab Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Promoter 26.71 26.71 26.7 26.7 26.69 26.66 26.65 26.65 26.65 26.64
FII 25.87 26.26 27.29 27.25 27 28.2 28.62 29.14 27.68 27.53
DII 25.19 24.7 23.38 23.05 21.99 21.04 18.65 18.31 20.73 21.48
Public 11.87 12.26 12.1 11.7 11.78 10.09 10.74 10.55 10.36 10.13
Others 10.37 10.08 10.53 11.3 12.54 14.02 15.33 15.35 14.59 14.22
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 27% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Promoter holding is low: 26.64%.
  • Company has a low return on equity of 14% over the last 3 years.
  • Debtor days have increased from 115.51 to 130.85days.
  • Stock is trading at 4.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Dr. Reddy's Lab News

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