BSE: 524348 | NSE: AARTIDRUGS | Pharmaceuticals & Drugs | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Aarti Drugs Ltd is a good quality company.
The key valuation ratios of Aarti Drugs Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aarti Drugs Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 23.9% | 18% | 18.1% | 17.3% | 17% | 21.4% | 34.5% | 20.8% | 15.5% | 15% | - |
| Value Creation Index ⓘ | 0.7 | 0.3 | 0.3 | 0.2 | 0.2 | 0.5 | 1.6 | 0.5 | 0.1 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,097 | 1,140 | 1,195 | 1,244 | 1,561 | 1,806 | 2,155 | 2,489 | 2,716 | 2,529 | 2,380 |
| Sales YoY Gr. | - | 3.9% | 4.9% | 4.1% | 25.5% | 15.7% | 19.3% | 15.5% | 9.1% | -6.9% | - |
| Adj EPS ⓘ | 8 | 7.1 | 8.6 | 8.7 | 9.2 | 14.8 | 29.8 | 22.1 | 18 | 18.7 | 16.7 |
| YoY Gr. | - | -11.2% | 20.7% | 2% | 5.8% | 60.6% | 101.1% | -25.8% | -18.9% | 4% | - |
| BVPS (₹) ⓘ | 31.8 | 36.9 | 41.9 | 48.3 | 57.6 | 70 | 98 | 111.9 | 128.8 | 139.4 | 140 |
| Adj Net Profit ⓘ | 77.3 | 68.7 | 81.7 | 82.3 | 87.1 | 138 | 278 | 205 | 166 | 172 | 152 |
| Cash Flow from Ops. ⓘ | 105 | 133 | 175 | 69.8 | 143 | 251 | 155 | 70.4 | 133 | 359 | - |
| Debt/CF from Ops. ⓘ | 4.3 | 3.6 | 2.7 | 7.8 | 3.5 | 1.5 | 2.2 | 7.7 | 4.6 | 1.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.7% | 10.1% | 5.5% | -6.9% | ||||
| Adj EPS ⓘ | 9.9% | 15.1% | -14.5% | 4% | ||||
| BVPSⓘ | 17.8% | 19.3% | 12.5% | 8.3% | ||||
| Share Price | 16% | 28.3% | -5% | -3.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 32.8 | 20.7 | 21.6 | 19.2 | 17.4 | 23.1 | 35.5 | 21 | 14.9 | 13.9 | 12 |
| Op. Profit Mgn % ⓘ | 15.7 | 15.8 | 16.1 | 16.2 | 13.5 | 14.7 | 20.4 | 13.4 | 11.4 | 12.7 | 12.1 |
| Net Profit Mgn % ⓘ | 7 | 6 | 6.8 | 6.6 | 5.6 | 7.7 | 12.9 | 8.2 | 6.1 | 6.8 | 6.4 |
| Debt to Equity ⓘ | 1.5 | 1.4 | 1.2 | 1.2 | 0.9 | 0.6 | 0.4 | 0.5 | 0.5 | 0.4 | 0.2 |
| Working Cap Days ⓘ | 121 | 162 | 162 | 191 | 178 | 169 | 165 | 180 | 195 | 205 | 95 |
| Cash Conv. Cycle ⓘ | 61 | 81 | 76 | 94 | 91 | 89 | 82 | 99 | 107 | 112 | 37 |
No data to display
Return on Equity has declined versus last 3 years average to 11.90%
Sales growth has been subdued in last 3 years 5.48%
Net Profit has been subdued in last 3 years -14.46%
Sales growth is not so good in last 4 quarters at -11.99%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 13.7 | 16.7 |
| TTM Sales (₹ Cr.) | 2,134 | 2,380 |
| BVPS (₹.) ⓘ | 127 | 140 |
| Reserves (₹ Cr.) ⓘ | 1,068 | 1,186 |
| P/BV ⓘ | 3.62 | 3.28 |
| PE ⓘ | 33.55 | 27.55 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 430.00 / 634.90 |
| All Time Low / High (₹) | 0.57 / 1025.00 |
| Market Cap (₹ Cr.) | 4,195 |
| Equity (₹ Cr.) | 91.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,097 | 1,140 | 1,195 | 1,244 | 1,561 | 1,806 | 2,155 | 2,489 | 2,716 | 2,529 |
| Operating Expenses ⓘ | 925 | 960 | 1,005 | 1,042 | 1,350 | 1,541 | 1,714 | 2,156 | 2,407 | 2,208 |
| Manufacturing Costs | 125 | 142 | 164 | 201 | 227 | 264 | 280 | 359 | 398 | 407 |
| Material Costs | 724 | 735 | 744 | 738 | 1,014 | 1,127 | 1,263 | 1,614 | 1,814 | 1,605 |
| Employee Cost | 33 | 40 | 48 | 52 | 55 | 61 | 66 | 69 | 80 | 91 |
| Other Costs ⓘ | 42 | 43 | 48 | 50 | 55 | 88 | 106 | 113 | 115 | 105 |
| Operating Profit ⓘ | 172 | 180 | 190 | 202 | 211 | 266 | 440 | 333 | 309 | 321 |
| Operating Profit Margin (%) | 15.7% | 15.8% | 15.9% | 16.2% | 13.5% | 14.7% | 20.4% | 13.4% | 11.4% | 12.7% |
| Other Income ⓘ | 1 | 0 | 4 | 1 | 2 | 1 | 5 | 11 | 2 | 4 |
| Interest ⓘ | 42 | 48 | 40 | 38 | 44 | 37 | 26 | 24 | 37 | 38 |
| Depreciation ⓘ | 31 | 37 | 38 | 40 | 43 | 49 | 50 | 50 | 50 | 51 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 4 | 4 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 100 | 95 | 116 | 125 | 131 | 185 | 369 | 270 | 224 | 236 |
| Tax ⓘ | 22 | 27 | 34 | 42 | 41 | 44 | 89 | 65 | 58 | 64 |
| Profit After Tax | 77 | 69 | 82 | 82 | 90 | 141 | 280 | 205 | 166 | 172 |
| PAT Margin (%) | 7.0% | 6.0% | 6.8% | 6.6% | 5.7% | 7.8% | 13.0% | 8.2% | 6.1% | 6.8% |
| Adjusted EPS (₹) | 8.0 | 7.1 | 8.6 | 8.7 | 9.5 | 15.2 | 30.1 | 22.1 | 18.0 | 18.7 |
| Dividend Payout Ratio (%) | 25% | 24% | 3% | 3% | 3% | 3% | 8% | 5% | 6% | 5% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 308 | 357 | 400 | 455 | 543 | 652 | 913 | 1,036 | 1,192 | 1,282 |
| Share Capital ⓘ | 24 | 24 | 24 | 24 | 24 | 23 | 93 | 93 | 93 | 92 |
| Reserves ⓘ | 284 | 333 | 376 | 432 | 520 | 629 | 820 | 944 | 1,100 | 1,190 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 |
| Debt | 416 | 450 | 446 | 508 | 471 | 338 | 305 | 495 | 565 | 490 |
| Long Term Debt | 163 | 191 | 202 | 203 | 208 | 180 | 148 | 138 | 205 | 275 |
| Short Term Debt | 252 | 258 | 245 | 306 | 263 | 158 | 157 | 356 | 361 | 215 |
| Trade Payables | 167 | 185 | 197 | 259 | 243 | 330 | 330 | 469 | 480 | 425 |
| Others Liabilities ⓘ | 111 | 110 | 148 | 167 | 198 | 256 | 218 | 208 | 183 | 235 |
| Total Liabilities ⓘ | 1,002 | 1,102 | 1,191 | 1,389 | 1,455 | 1,577 | 1,766 | 2,208 | 2,421 | 2,432 |
Fixed Assets | ||||||||||
| Gross Block | 685 | 725 | 848 | 909 | 970 | 1,031 | 1,101 | 1,169 | 1,202 | 1,388 |
| Accumulated Depreciation | 237 | 232 | 267 | 307 | 345 | 387 | 436 | 479 | 526 | 577 |
| Net Fixed Assetsⓘ | 448 | 493 | 581 | 602 | 625 | 644 | 665 | 690 | 676 | 811 |
| CWIP ⓘ | 16 | 34 | 14 | 28 | 33 | 12 | 19 | 77 | 210 | 261 |
| Investmentsⓘ | 5 | 5 | 12 | 11 | 12 | 13 | 17 | 19 | 19 | 20 |
| Inventories | 164 | 178 | 210 | 278 | 247 | 325 | 415 | 526 | 516 | 486 |
| Trade Receivables | 314 | 332 | 297 | 375 | 459 | 489 | 555 | 750 | 865 | 705 |
| Cash Equivalents | 4 | 5 | 4 | 4 | 6 | 8 | 10 | 22 | 9 | 9 |
| Others Assetsⓘ | 51 | 55 | 73 | 90 | 75 | 85 | 84 | 124 | 126 | 141 |
| Total Assets ⓘ | 1,002 | 1,102 | 1,191 | 1,389 | 1,455 | 1,577 | 1,766 | 2,208 | 2,421 | 2,432 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 105 | 133 | 175 | 70 | 143 | 251 | 155 | 70 | 133 | 359 |
| PBT ⓘ | 100 | 95 | 116 | 125 | 131 | 185 | 369 | 270 | 224 | 236 |
| Adjustment ⓘ | 69 | 79 | 72 | 75 | 75 | 87 | 69 | 71 | 85 | 83 |
| Changes in Working Capital ⓘ | -50 | -21 | 8 | -105 | -33 | 19 | -186 | -187 | -116 | 103 |
| Tax Paid ⓘ | -15 | -20 | -21 | -25 | -30 | -41 | -97 | -83 | -60 | -62 |
| Cash Flow From Investing Activity ⓘ | -107 | -99 | -107 | -74 | -62 | -33 | -72 | -150 | -164 | -224 |
| Capex | -95 | -100 | -107 | -75 | -63 | -37 | -77 | -152 | -165 | -226 |
| Net Investments | -13 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 1 | 1 | 1 | 1 | 1 | 6 | 2 | 1 | 2 |
| Cash Flow From Financing Activityⓘ | 1 | -33 | -68 | 4 | -80 | -215 | -81 | 92 | 17 | -136 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Net Proceeds from Borrowing ⓘ | 79 | 28 | 9 | 5 | 3 | -21 | -34 | -7 | 60 | 102 |
| Interest Paid ⓘ | -39 | -44 | -36 | -35 | -40 | -34 | -23 | -21 | -36 | -31 |
| Dividend Paid ⓘ | -23 | -24 | 0 | -2 | -2 | -7 | -23 | -10 | -9 | -9 |
| Others ⓘ | -16 | 6 | -41 | 36 | -41 | -153 | -1 | 129 | 1 | -198 |
| Net Cash Flow ⓘ | -1 | 1 | 0 | 0 | 1 | 2 | 2 | 13 | -14 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 32.78 | 20.65 | 21.6 | 19.24 | 17.97 | 23.65 | 35.81 | 21.03 | 14.93 | 13.87 |
| ROCE (%) | 23.93 | 17.95 | 18.14 | 17.31 | 17.01 | 21.39 | 34.52 | 20.75 | 15.49 | 15.01 |
| Asset Turnover Ratio | 1.55 | 1.17 | 1.12 | 0.98 | 1.1 | 1.19 | 1.29 | 1.25 | 1.17 | 1.04 |
| PAT to CFO Conversion(x) | 1.36 | 1.93 | 2.13 | 0.85 | 1.59 | 1.78 | 0.55 | 0.34 | 0.8 | 2.09 | Working Capital Days |
| Receivable Days | 67 | 96 | 89 | 97 | 97 | 96 | 88 | 96 | 109 | 113 |
| Inventory Days | 40 | 51 | 55 | 71 | 61 | 58 | 63 | 69 | 70 | 72 |
| Payable Days | 58 | 87 | 94 | 113 | 90 | 93 | 95 | 90 | 95 | 103 |
Aarti Drugs Ltd. was established in the year 1984 and forms part of $900 Million Aarti Group of Industries with robust R&D Division at Tarapur, Maharashtra Industrial Development Corporation (MIDC) in close vicinity to manufacturing locations.
Over the years, the Company has been able to carve a niche for itself and is looking forward to expand the volumes. With the government initiative to encourage private health insurance schemes, consumer spending on medicines is expected to increase, which will spur growth in the generic sector in the domestic market.
The manufacturing-units of Aarti Drugs Ltd. are GMP certified. The Company is also in the process of acquiring an ISO 9002 compliance for all its units and one of the units has already been approved.
The Company aims at becoming the first choice of this expanding market through better products, ensuring quality and timely delivery.
Business area of the company
The company is engaged in the manufacturing of Active Pharmaceutical Ingredients (APIs), Pharma Intermediates, Specialty Chemicals and also produces Formulations with its wholly-owned subsidiary - Pinnacle Life Science Private Limited.
Products under APIs includes Ciprofloxacin Hydrochloride, Metronidazole, Metformin HCL, Ketoconazole, Ofloxacin etc. whereas Specialty Chemicals includes Benzene Sulphonyl Chloride, Methyl Nicotinate etc.
Awards and accolades
Milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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