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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Themis Medicare Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 8:57 pm

Market Cap 2,473 Cr.
Current Price 269
High / Low 317/181
Stock P/E46.7
Book Value 44.8
Dividend Yield0.19 %
ROCE13.5 %
ROE11.8 %
Face Value 1.00
PEG Ratio3.94

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujarat Themis Biosyn Ltd 3,354 Cr. 308 390/12863.6 20.50.22 %45.0 %33.8 % 1.00
Gujarat Terce Laboratories Ltd 62.6 Cr. 84.4 94.9/26.624.0 11.90.00 %9.72 %3.44 % 10.0
Gujarat Inject (Kerala) Ltd 35.9 Cr. 24.5 24.5/8.7446.6 6.640.00 %2.65 %2.08 % 10.0
Godavari Drugs Ltd 86.7 Cr. 115 155/87.013.0 55.40.00 %14.4 %15.5 % 10.0
Glenmark Life Sciences Ltd 12,416 Cr. 1,013 1,335/64529.3 2072.22 %28.1 %21.1 % 2.00
Industry Average14,994.84N/A46.07N/AN/A16.0715.77N/A

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales112107958094918980971058398123
Expenses72847865747074707592748994
Operating Profit402317142021151022128929
OPM %36%22%18%18%22%23%17%13%22%12%10%10%24%
Other Income5444667567657
Interest3222222322322
Depreciation2222233333332
Profit before tax402317142223181023148931
Tax %23%18%28%31%21%21%24%18%19%19%10%24%21%
Net Profit31191210171813818117725
EPS in Rs3.392.101.351.081.891.931.450.911.981.230.800.722.68

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales174195202232217210184202231395354382
Expenses157171184194184184181166181299287330
Operating Profit17241838332523649966752
OPM %10%12%9%16%15%12%1%18%21%24%19%13%
Other Income351334651213182524
Interest1516151212121213139109
Depreciation9911127788991012
Profit before tax-445171811-132741957353
Tax %56%32%-20%11%9%1%-15%8%14%23%22%19%
Net Profit-636161611-112536735744
EPS in Rs-0.790.320.731.911.771.23-1.172.703.887.926.184.73
Dividend Payout %-11%28%25%9%0%0%0%6%11%6%8%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)150.00%100.00%166.67%0.00%-31.25%-200.00%327.27%44.00%102.78%-21.92%-22.81%
Change in YoY Net Profit Growth (%)0.00%-50.00%66.67%-166.67%-31.25%-168.75%527.27%-283.27%58.78%-124.70%-0.89%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:16%
3 Years:18%
TTM:14%
Compounded Profit Growth
10 Years:32%
5 Years:41%
3 Years:6%
TTM:3%
Stock Price CAGR
10 Years:31%
5 Years:57%
3 Years:44%
1 Year:47%
Return on Equity
10 Years:14%
5 Years:18%
3 Years:18%
Last Year:12%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:35 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital8889999999999
Reserves44485166143160149174209278330368403
Borrowings1551481401288280821008780929681
Other Liabilities657977735456746765618293109
Total Liabilities272284277275289305314350371428514566602
Fixed Assets124121122117124126123116133144162168174
CWIP111246922823333
Investments4456232427354556708999
Other Assets134147146146133153162191191225279307326
Total Assets272284277275289305314350371428514566602

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +481926-2811057341622
Cash from Investing Activity +-5-7-6-7-4-0-4-5-16-16-24-16
Cash from Financing Activity +292-18-135-9-107-26-180-9
Net Cash Flow294-55-0-1-32161-8-3

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-138.00-124.00-122.00-90.00-49.00-55.00-80.00-64.00-38.0016.00-25.00-44.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days687482758112014518612393149170
Inventory Days246280246243250253287315272150213188
Days Payable23224023714516315618717114379123126
Cash Conversion Cycle8211491172168216244330251164239232
Working Capital Days8781786474131132176152124176180
ROCE %5%10%9%15%13%10%-1%15%18%30%20%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters67.18%67.18%67.18%67.18%67.17%67.17%67.16%67.16%67.16%67.16%67.15%67.15%
FIIs0.00%0.00%0.00%0.00%0.02%0.02%0.06%0.04%0.05%0.01%0.03%0.05%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public32.81%32.81%32.81%32.81%32.80%32.78%32.78%32.80%32.77%32.82%32.81%32.79%
No. of Shareholders6,5116,2125,8915,9156,1266,3625,9276,0076,97011,24411,29511,322

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal S&P BSE Healthcare ETF3220.080.013222024-12-110%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.0010.0010.0010.0010.00
Basic EPS (Rs.)4.7361.8379.2238.8626.97
Diluted EPS (Rs.)4.7261.7379.0738.8426.97
Cash EPS (Rs.)4.0258.4477.1937.8526.28
Book Value[Excl.RevalReserv]/Share (Rs.)41.03368.85312.48237.80199.20
Book Value[Incl.RevalReserv]/Share (Rs.)41.03368.85312.48237.80199.20
Revenue From Operations / Share (Rs.)41.48385.02428.91251.04219.40
PBDIT / Share (Rs.)6.1185.80111.0657.8142.58
PBIT / Share (Rs.)4.7874.39100.7548.5033.58
PBT / Share (Rs.)3.7664.0091.2234.6719.56
Net Profit / Share (Rs.)2.6947.0366.8928.5417.28
NP After MI And SOA / Share (Rs.)4.7361.8379.2238.8626.97
PBDIT Margin (%)14.7322.2825.8923.0219.40
PBIT Margin (%)11.5219.3223.4919.3215.30
PBT Margin (%)9.0716.6221.2613.818.91
Net Profit Margin (%)6.4712.2115.5911.377.87
NP After MI And SOA Margin (%)11.4016.0518.4615.4712.29
Return on Networth / Equity (%)11.5216.7625.3516.3313.54
Return on Capital Employeed (%)10.6818.2629.1218.3515.81
Return On Assets (%)7.6811.0717.039.617.08
Long Term Debt / Equity (X)0.070.080.080.100.06
Total Debt / Equity (X)0.250.270.270.360.48
Asset Turnover Ratio (%)0.700.751.050.670.62
Current Ratio (X)1.901.901.961.451.17
Quick Ratio (X)1.441.411.400.980.81
Inventory Turnover Ratio (X)1.211.481.901.200.95
Dividend Payout Ratio (NP) (%)10.578.085.424.500.00
Dividend Payout Ratio (CP) (%)8.256.824.803.630.00
Earning Retention Ratio (%)89.4391.9294.5895.500.00
Cash Earning Retention Ratio (%)91.7593.1895.2096.370.00
Interest Coverage Ratio (X)6.008.2611.644.183.04
Interest Coverage Ratio (Post Tax) (X)3.645.538.013.062.23
Enterprise Value (Cr.)2092.171146.53910.58312.04303.68
EV / Net Operating Revenue (X)5.483.242.311.351.51
EV / EBITDA (X)37.1914.528.915.877.76
MarketCap / Net Operating Revenue (X)5.283.032.181.121.09
Retention Ratios (%)89.4291.9194.5795.490.00
Price / BV (X)5.343.162.991.181.20
Price / Net Operating Revenue (X)5.283.032.181.121.09
EarningsYield0.020.050.080.130.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 247.34

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Overvalued by 8.05% compared to the current share price 269.00

Intrinsic Value of as of December 22, 2024 is: 276.69

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 2.86% compared to the current share price 269.00

Last 5 Year EPS CAGR: 11.87%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (186.38 cr) compared to borrowings (103.92 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (248.17 cr) and profit (27.25 cr) over the years.
  1. The stock has a low average ROCE of 13.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 121.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 191.92, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 6.47%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.68% (Industry Average ROCE: 16.07%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 11.52% (Industry Average ROE: 15.77%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.64
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.44
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 46.7 (Industry average Stock P/E: 46.07)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.25
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Themis Medicare Ltd. is a Public Limited Listed company incorporated on 31/05/1969 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24110GJ1969PLC001590 and registration number is 001590. Currently Company is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs. 394.61 Cr. and Equity Capital is Rs. 9.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
PharmaceuticalsPlot No.69-A, GIDC Industrial Estate, Valsad District Gujarat 396195themis@themismedicare.com
http://www.themismedicare.com
Management
NamePosition Held
Dr. Dinesh S PatelChairman & Executive Director
Dr. Sachin D PatelManaging Director & CEO
Mr. Rajneesh AnandNon Executive Director
Dr. Adam DemeterNon Executive Director
Mr. Hariharan SubramaniamIndependent Director
Ms. Manjul SandhuIndependent Director
Mr. Bhaskar V IyerIndependent Director
Mr. Shishir DalalIndependent Director
Mrs. Reena S PatelAlternate Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹247.34, which is 8.05% lower than the current market price of ₹269.00. The stock has a market capitalization of 2,473 Cr. and recorded a high/low of 317/181 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹403 Cr and total liabilities of ₹602 Cr.

What is the Market Cap of ?

The Market Cap of is 2,473 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 269.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 317/181.

What is the Stock P/E of ?

The Stock P/E of is 46.7.

What is the Book Value of ?

The Book Value of is 44.8.

What is the Dividend Yield of ?

The Dividend Yield of is 0.19 %.

What is the ROCE of ?

The ROCE of is 13.5 %.

What is the ROE of ?

The ROE of is 11.8 %.

What is the Face Value of ?

The Face Value of is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE