Dr. Reddy'S Laboratories Ltd.

Executive Summary : Mar 2011 - Mar 2020 : Non-Annualised : Rs. Million

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar
2017 Mar 2018 Mar 2019 Mar 2020
12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12
mths 12 mths 12 mths 12 mths
IGAAP IGAAP IGAAP IGAAP IGAAP INDAS INDAS INDAS INDAS INDAS
-
Total income 59,415.0 68,707.0 86,520.0 100,282.0 103,189.0
106,168.0 103,780.0 96,206.0 108,990.0 125,936.0
Sales 57,779.0 67,802.0 83,946.0 98,100.0 100,939.0 102,919.0
97,198.0 93,593.0 106,255.0 118,504.0
Income from financial services 1,097.0 774.0 1,214.0 1,530.0
2,036.0 2,975.0 6,508.0 2,335.0 1,769.0 3,779.0

Change in stock 790.0 1,048.0 1,006.0 1,706.0 289.0 288.0 -19.0 516.0
-660.0 999.0

Total expenses 51,271.0 60,631.0 74,867.0 82,658.0 86,671.0

92,713.0 89,920.0 91,053.0 95,557.0 97,558.0
Raw materials, stores & spares 17,506.0 18,153.0 23,788.0 22,864.0
24,281.0 21,931.0 20,603.0 21,450.0 22,394.0 26,797.0
Power, fuel & water charges 1,446.0 1,775.0 2,826.0 2,581.0
2,837.0 2,656.0 2,826.0 2,818.0 2,786.0 2,704.0
Compensation to employees 7,274.0 8,661.0 11,381.0 11,849.0
14,909.0 16,934.0 18,033.0 15,314.0 16,165.0 17,072.0
Interest expenses 48.0 622.0 631.0 1,054.0 647.0 641.0 572.0 628.0 568.0
478.0
Depreciation 2,150.0 2,603.0 2,690.0 3,805.0 4,902.0
6,495.0 7,351.0 7,019.0 7,806.0 7,892.0

Profits
PBDITA 14,056.0 18,694.0 22,670.0 31,144.0 26,457.0 27,683.0
24,160.0 14,958.0 28,037.0 37,809.0
PBDITA net of P&E&OI&FI 12,432.0 17,822.0 20,105.0 28,962.0
24,327.0 24,514.0 17,653.0 12,400.0 25,302.0 30,512.0
Profit after tax (PAT) 8,934.0 9,124.0 12,659.0 19,330.0
16,807.0 13,743.0 13,841.0 5,669.0 12,773.0 29,377.0
PAT net of P&E 8,506.0 9,070.0 12,664.0 18,918.0 16,914.0
13,823.0 13,916.0 5,676.0 12,022.0 29,512.0

Total liabilities 102,673.0 117,536.0 137,652.0 167,676.0 191,779.0

175,852.0 167,962.0 173,984.0 165,177.0 197,917.0
Shareholders' funds 60,202.0 67,178.0 77,834.0 93,290.0 106,340.0
120,784.0 116,003.0 118,078.0 126,835.0 151,919.0
Paid up equity capital 846.0 848.0 849.0 851.0 852.0 853.0 829.0 830.0 830.0
831.0
Reserves and funds 59,356.0 66,330.0 76,985.0 92,439.0 105,488.0
119,931.0 115,177.0 117,248.0 126,011.0 151,088.0
Non-current liabilities (incl long term provns) 6,632.0 6,426.0
18,897.0 33,026.0 38,348.0 11,180.0 9,305.0 8,606.0
6,982.0 3,643.0
Long term borrowings 5,130.0 5,130.0 63.0 9,015.0 9,391.0
9,944.0 4,852.0 4,880.0 3,454.0 193.0
Current liabilities incl short term provns 35,839.0 43,932.0 40,921.0
41,360.0 47,091.0 43,888.0 42,651.0 47,300.0 31,354.0
42,355.0

Net worth 60,202.0 67,178.0 77,834.0 93,290.0 106,340.0 120,784.0

 116,003.0 118,078.0 126,835.0 151,919.0
Tangible net worth 60,185.0 67,177.0 77,319.0 92,744.0 105,140.0
112,341.0 108,015.0 110,695.0 119,512.0 145,278.0

Total assets 102,673.0 117,536.0 137,652.0 167,676.0 191,779.0

175,852.0 167,962.0 173,984.0 165,177.0 197,917.0
Non-current assets 56,344.0 54,990.0 71,460.0 78,380.0 87,441.0
73,741.0 81,953.0 82,144.0 75,284.0 96,300.0
Net fixed assets 16,910.0 18,968.0 23,870.0 27,483.0 32,494.0
44,381.0 48,421.0 47,173.0 46,827.0 44,339.0
Long term investments 24,620.0 22,707.0 21,826.0 17,401.0
17,601.0 17,781.0 18,028.0 18,183.0 18,191.0 33,671.0
Current assets (incl short term invest & adv) 46,329.0 62,546.0 66,192.0
89,296.0 104,338.0 102,111.0 86,009.0 91,840.0 89,893.0
101,617.0

Profitability ratios (%)

Operating margin 21.5 26.3 23.9 29.5 24.1 23.8 18.2 13.2 23.8 25.7
Net profit margin 14.4 13.2 14.6 18.9 16.4 13.0 13.4 5.9 11.1 23.4
Return on net worth 14.3 14.2 17.5 22.1 16.9 12.2 11.8 4.8 9.8 21.2
Return on total assets 8.8 8.2 9.9 12.4 9.4 7.5 8.1 3.3 7.1
16.3
Return on capital employed 12.2 11.5 14.0 17.3 13.1 9.6 9.6 4.0 8.5
19.4

Liquidity ratios (times)

Current ratio 1.154 1.337 1.440 1.995 2.071 2.166 1.863 1.764 2.736 2.288
Debt to equity ratio 0.240 0.229 0.270 0.286 0.294 0.255 0.203 0.219 0.084 0.096
Interest cover 191.396 20.714 27.780 22.339 31.559 25.344
25.364 10.981 26.321 53.628

Average cost of Funds (%) 0.5 4.2 3.5 4.7 2.3 2.2 2.3 2.8 3.5
4.2

Efficiency ratios (times)

Total income / total assets 0.616 0.624 0.678 0.657 0.574 0.578 0.604 0.563 0.643
0.694
Sales /NFA excl reval 3.843 3.780 3.919 3.821 3.366 2.678 2.095 1.958 2.261 2.600
Total income / compensation to employees 8.108 7.923 7.602 8.429 6.920 6.270
5.755 6.279 6.696 7.377