IPCA Laboratories ltd (NSE Code IPCALAB) - Nov'12 Katalyst Wealth Alpha recommendation
Ipca Laboratories Ltd. - Pharmaceutical company - Ipca
Transcript of Ipca Laboratories Ltd. - Pharmaceutical company - Ipca
![Page 1: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/1.jpg)
Ipca Laboratories Ltd.Corporate Presentation
Sept 2018
![Page 2: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/2.jpg)
Company Overview
Incorporation : 1949
Present Management : Since 1975
Total income F. Y. 2017-18 : ` 3258.75 Crs / US$ 505 Mn
Exports F. Y. 2017-18 : ` 1564.21 Crs / US$ 243 MnExports F. Y. 2017-18 : ` 1564.21 Crs / US$ 243 Mn
Number of Employees : 13,227 including 6062 in
marketing and distribution
Business Model : Fully integrated pharmaceutical
company producing Branded
and Generics Formulations,
APIs and Intermediates
![Page 3: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/3.jpg)
Five Years’ Highlights
2013-14 2014-15 2015-16 2016-17 2017-18
Domestic Income ( ` Crs ) 1,190.23 1,367.54 1,440.88 1,617.13 1,694.54
Domestic Income (US $ Mn) 184.59 212.09 223.46 250.80 262.80
Export Income ( ` Crs ) 2,066.02 1,752.86 1,429.85 1,561.74 1,564.21Export Income ( ` Crs ) 2,066.02 1,752.86 1,429.85 1,561.74 1,564.21
Export Income (US $ Mn) 320.41 271.85 221.75 242.21 242.59
Total Income ( ` Crs ) 3,256.25 3,120.40 2,870.73 3,178.87 3,258.75
Total Income (US $ Mn) 505.00 483.93 445.21 493.00 505.39
Net Profit After Tax ( ` Crs ) 477.37 256.11 92.52 188.29 233.11
Net Profit After Tax (US $ Mn) 74.03 39.72 14.35 29.20 36.15
![Page 4: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/4.jpg)
Manufacturing FacilitiesFormulations
![Page 5: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/5.jpg)
Manufacturing FacilitiesFormulations
Location Dosage Form Approvals / Inspections
Athal, Silvassa Tablets & Capsules
UK-MHRA, TGA-Australia,
MCC-South Africa,
WHO-Geneva
Ratlam, Madhya PradeshTablets, Liquids, Injectables
& Ointments
MCC-South Africa,
INVIMA Colombia
Kandla, Gujarat Betalactum – Tablets,
Capsules & Dry SyrupsUK-MHRA, MCC-South Africa
Silvassa Tablets & CapsulesUK-MHRA,
TGA-Australia, HPB-Canada
![Page 6: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/6.jpg)
Manufacturing FacilitiesFormulations
Location Dosage Form Approvals / Inspections
Dehradun, UttaranchalTablets &
Cephalosporin InjectablesWHO-GMP
Indore (SEZ), Madhya
PradeshTablets & Capsules
UK-MHRA, HPB Canada,
MCC-South Africa
Sikkim Tablets & Capsules GMP
Pithampur, Dhar , Madhya
PradeshHigh Potency Oral Solid Dosage
WHO-GMP
INVIMA Colombia
Tarapur, Palghar Tablets
![Page 7: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/7.jpg)
Manufacturing FacilitiesActive Pharmaceutical Ingredients (APIs)
![Page 8: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/8.jpg)
Manufacturing FacilitiesAPIs
Location Approvals / Inspections
Ratlam, Madhya PradeshTGA-Australia, EDQM, Danish Regulatory Authority,
PMDA-Japan, WHO-Geneva, HPB Canada
Indore, Madhya Pradesh WHO-GMP
Ankleshwar, Gujarat PMDA –JapanAnkleshwar, Gujarat PMDA –Japan
Nandesari, Gujarat WHO-GMP
Aurangabad, Maharashtra WHO-GMP
Mahad, Maharashtra GMP
Ranu (Tehsil Padra), Gujarat
![Page 9: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/9.jpg)
Revenue Break-up
![Page 10: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/10.jpg)
Revenue Break-up2017 - 18
76%
24%
Total
Revenue
Formulations
APIs
76%
24%
60%
40%
Total
Revenue
Exports
Domestic
48%
52%
84%
16%
Domestic FormulationsAPIs
89%
11%
71%
29%
Exports FormulationsAPIs
64%
36%
![Page 11: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/11.jpg)
Revenue Break-up
Domestic Exports Total Domestic Exports Total
Branded
Formulations 1425.38 320.30 1745.68 1388.55 287.06 1675.61 4.2%
Growth
2016-17
` Crs` Crs` Crs` Crs
2017-18
Generic
Formulations - 673.66 673.66 - 708.83 708.83 -5.0%
Total Formulations 1425.38 993.96 2419.34 1388.55 995.89 2384.44 1.5%
API / Intermediates 178.45 570.25 748.7 144.41 565.85 710.26 5.4%
Others 90.71 - 90.71 84.17 - 84.17
Total Income 1694.54 1564.21 3258.75 1617.13 1561.74 3178.87 2.5%
Growth 4.8% 0.2% 2.5%
![Page 12: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/12.jpg)
Financials
![Page 13: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/13.jpg)
Financials
` Crs US$ Mn ` Crs US$ Mn
%
Growth
Total Income 3258.75 505 3178.87 493 3%
EBIDT 481.18 75 425.54 66 13%
F.Y. 2017 - 18 F.Y. 2016 - 17
# After forex gain of ` 2.36 Crs as against of Rs. ` 17.34 Crs for previous year.
EBIDT % 14.77% 14.24%
PBT # 282.80 44 258.20 40 10%
PBT % 8.68% 8.12%
PAT # 233.11 36 188.29 29 24%
PAT % 7.15% 5.92%
![Page 14: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/14.jpg)
Financials
Profitability FY 2017-18 FY 2016-17
PBIDT 14.77% 14.24%
PBT 8.68% 8.12%
PAT 7.15% 5.92%
![Page 15: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/15.jpg)
Financials
` Crs US$ Mn ` Crs US$ Mn
%
Growth
Total Income 867.56 135 719.14 112 21%
EBIDT 152.42 24 23.37 4 552%
Q1 FY19 Q1 FY 18
# After forex loss of ` 24.78 Crs as against forex gain of Rs. ` 4.33 Crs for previous quarter.
EBIDT % 17.57% 3.25%
PBT # 78.22 12 -21.22 -3 -469%
PBT % 9.02% -2.95%
PAT # 65.52 10 -20.25 -3 -424%
PAT % 7.55% -2.82%
![Page 16: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/16.jpg)
Financials
` Crs US$ Mn ` Crs US$ Mn
%
Growth
Total Income 1011.57 157 875.29 136 16%
EBIDT 217.08 34 164.71 26 32%
Q2 FY19 Q2 FY 18
# After forex loss of ` 30.54 Crs as against of Rs. ` 4.68 Crs for previous quarter.
EBIDT % 21.46% 18.82%
PBT # 141.00 22 109.59 17 29%
PBT % 13.94% 12.52%
PAT # 119.74 19 96.47 15 24%
PAT % 11.84% 11.02%
![Page 17: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/17.jpg)
Financials
` Crs US$ Mn ` Crs US$ Mn
%
Growth
Total Income 1879.13 291 1594.43 247 18%
EBIDT 369.50 57 188.08 29 96%
H1 FY19 H1 FY 18
# After forex loss of ` 55.32 Crs as against of Rs. ` 0.35 Crs for previous period.
EBIDT % 19.66% 11.80%
PBT # 219.22 34 88.37 14 148%
PBT % 11.67% 5.54%
PAT # 185.26 29 76.22 12 143%
PAT % 9.86% 4.78%
![Page 18: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/18.jpg)
Financials
Business Characteristics FY 2017-18 FY 2016-17
Return on Capital Employed % (PBIT /
Capital Employed) 9.46% 8.85%
Return on Net Worth % (PAT / Net
Worth) 8.65% 7.61%
Fixed Asset Turnover Ratio (Total
Income / Net Fixed Assets) 1.69 1.56
Capital Employed Turnover Ratio (Total Capital Employed Turnover Ratio (Total
Income / Capital Employed) 1.01 1.00
Asset Coverage Ratio (to term loan) (Net
Fixed Assets / Total Long Term
Borrowings) 4.96 3.79Long Term Debt Equity Ratio (Total Long
Term Borrowings / Net Worth) 0.14 0.22Debtors Turnover Ratio (Days) (Trade
Receivables / Turnover) x 365 68 59
Creditors Turnover Ratio (Days) (Trade
Payables / Purchases) x 365 105 103
Inventory Turnover Ratio (Days)
(Inventory / Turnover) x 365 101 103
![Page 19: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/19.jpg)
Financials
Growth FY 2017-18 FY 2016-17
Net Total Income 2.50% 10.70%
Domestic Sales 4.60% 11.60%
Export Sales 0.20% 9.20%Export Sales 0.20% 9.20%
PBIDT 6.10% 50.20%
PBT 9.50% 131.70%
Net Profit 23.80% 103.50%
![Page 20: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/20.jpg)
2016 – 17Therapeutic Segment
2017 – 18
Exports Domestic Exports Domestic
23% 41% Non Steroidal Anti-Inflammatory Drugs (NSAID) 20% 44%
32% 21% Cardiovasculars & Anti-Diabetics 31% 21%
16% 12% Anti-Malarials 18% 8%
13% 6% Anti-Bacterials 10% 6%
FinancialsContribution of Therapeutic Groups
2% 4% Gastro-Intestinal (GI) Products 2% 4%
5% 3% Neuro Psychiatry 6% 3%
1% 5% Cough Preparations 2% 4%
- 4% Dermatology - 5%
- 2% Urology - 3%
- 1% Neutraceuticals - 1%
8% 1% Others 11% 1%
100% 100% Total 100% 100%
![Page 21: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/21.jpg)
Branded FormulationsDomestic
![Page 22: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/22.jpg)
Branded FormulationsDomestic
All India Rank IMS Health : 20th (MAT Sept‘18).
25 Depots & 2 C&F agents.
14 Therapy Focused Marketing Divisions.
Field Strength (PSR/ BA)– 4207.
Over 2000 Wholesalers.
3 brands among top 300 brands (HCQS, Zerodol-P & Zerodol-SP).
Market leaders in Anti-malarials & Rheumatoid Arthritis.
![Page 23: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/23.jpg)
Branded FormulationsDomestic
` 1425.38 Crs
US$ 221 Mn
` 1144.81 Crs
US$ 178 Mn
` 1222.15 Crs
US$ 190 Mn
` 1388.55 Crs
US$ 215Mn
2016 - 172014 - 15
Sales2017 - 182015 - 16
![Page 24: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/24.jpg)
Future Growth Drivers
Branded FormulationsDomestic
The company introduced 20 new Brands / line extensions in the India market during 2017-18.
Clinical research as a tool to launch innovative combination formulations / NDDS.
Strong Brand building with focused promotion.Strong Brand building with focused promotion.
In licensing/ out licensing to build business in the promoted therapy.
Portfolio optimization, strategies to identify need gaps to build, enter, maintain and
exit approach.
![Page 25: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/25.jpg)
International Business
![Page 26: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/26.jpg)
Exports to nearly 120 countries across the globe..
Recognized Star Trading House.
Among top 10 pharmaceutical exporters from India.
45% sales from exports.
International Business
45% sales from exports.
Field-force to promote brands in more than 30 countries of CIS, South East Asia,
Middle East, Latin America and Africa.
![Page 27: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/27.jpg)
Marketing offices in Russia, Ukraine, Vietnam, Philippines, Kenya, Columbia, Sri
Lanka, Malaysia and Nigeria (subsidiary company).
Formulation dossiers for branded formulations registered in 5 5 countries.
International Business
![Page 28: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/28.jpg)
` 1561.74 Crs
US$ 242 Mn
` 1429.85 Crs
US$ 222 Mn
International Business
` 1752.86 Crs
US$ 272 Mn
` 1564.21 Crs
US$ 243 Mn
2014 - 15 2015 - 16 2016 - 17
US$ 222 Mn
Sales2017 - 18
![Page 29: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/29.jpg)
International Business
Continent Formulations
Bulk Drugs /
Intermediates Total
%
Contribution
Europe 290.34 205.78 496.12 32%
Africa 264.21 20.99 285.20 18%
Continent-wise Exports 2017 – 18 (`̀̀̀ Crs)
Africa 264.21 20.99 285.20 18%
Americas 102.52 154.34 256.86 16%
Asia 66.50 172.84 239.34 15%
CIS 142.15 11.87 154.02 10%
Australasia 128.24 4.43 132.67 9%
Total 993.96 570.25 1564.21 100%
![Page 30: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/30.jpg)
InternationalFormulations
![Page 31: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/31.jpg)
` 995.89 Crs
US$ 154 Mn
` 1239.21 Crs
US$ 192 Mn
InternationalFormulations
` 923.51 Crs
US$ 143 Mn
` 993.96 Crs
US$ 154 Mn
2016 - 17 2017 - 182014 - 15 2015 - 16
Sales
US$ 143 Mn
![Page 32: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/32.jpg)
InternationalBranded Formulations
![Page 33: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/33.jpg)
` 287.06 Crs
US$ 45 Mn
` 343.81 Crs
US$ 53 Mn
InternationalBranded Formulations
` 237.82 Crs
US$ 37 Mn
` 320.30 Crs
US$ 50Mn
2016 - 172015 - 16 2017 - 182014 – 15
Sales
US$ 37 Mn
![Page 34: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/34.jpg)
Thrust on brand building in Pain, CVS, CNS, Anti-infective and Anti-malarial segments.
Geographical expansion in covered countries through additional field force.
Expansion in business lines - Institutions and Distributors.
Introduction of new products - Existing developed formulations are identified for
InternationalBranded Formulations
Future Growth Drivers
Introduction of new products - Existing developed formulations are identified for
registration and launch across all continents.
![Page 35: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/35.jpg)
InternationalGenerics
![Page 36: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/36.jpg)
InternationalGenerics
CountryProducts
Registered
Products
Under
Registration
United Kingdom
/ Europe61 1
` 708.83 Crs
` 895.40 Crs
US$ 139 Mn
Australia /
New Zealand67 4
South Africa 42 22
United States /
Canada33 28
2016 - 17 2017 - 182014 - 15 2015- 16
` 708.83 Crs
US$ 110 Mn
Sales
` 685.69 Crs
US$ 106 Mn
` 673.66 Crs
US$ 104 Mn
![Page 37: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/37.jpg)
Dossiers developed by company approved in UK are being taken for registration in
other EU countries.
Most formulations registered to be backed by own API.
Sale of generic dossiers with or without supply agreements.
InternationalGenerics
Future Growth Drivers
Sale of generic dossiers with or without supply agreements.
Contract manufacturing arrangements.
![Page 38: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/38.jpg)
Strategic tie up with 3 marketing partners for sale/distribution of Generic formulations.
46 ANDAs filed of which 18 ANDAs are approved.
8 to 10 ANDAs targeted for filing for every year.
505 (b) (2) projects/ Sustained Release Formulations.
InternationalGenerics
Future Growth Drivers – North America
505 (b) (2) projects/ Sustained Release Formulations.
Exploring contract development and manufacturing opportunities.
![Page 39: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/39.jpg)
InternationalAPIs
![Page 40: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/40.jpg)
` 565.85 Crs
US$ 88 Mn
` 513.65 Crs
US$ 80Mn
InternationalAPIs
` 506.34 Crs
US$ 79 Mn
` 570.25 Crs
US$ 88 Mn
2017 - 182014 - 15 2015 - 16 2016 - 17
Sales
US$ 79 Mn
![Page 41: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/41.jpg)
InternationalAPIs – Drug Master Files
Sr. No. Name of the API
US-
FDA
Canada-
HPFB WHO
Japan -
PMDA Australia EDQM
1 Atenolol aaaa aaaa aaaa CEP aaaa
2 Artemether aaaa aaaa
3 Artesunate aaaa
4 Artesunate Sterile aaaa
5 Amodiaquine Hcl aaaa
6 Amlodipine Besylate aaaa aaaa6 Amlodipine Besylate aaaa aaaa
7 Allopurinol aaaa aaaa CEP aaaa
8 Beventalol Hcl aaaa
9 Benzarone aaaa
10 Benzbromarone aaaa
11 Bendroflumethiazide aaaa
12 Bisoprolol Fumarate aaaa aaaa aaaa
13 Carvedilol aaaa aaaa aaaa
14 Cetrizine Dihydrochloride aaaa CEP aaaa
15 Chloroquine Phosphate aaaa aaaa
![Page 42: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/42.jpg)
InternationalAPIs – Drug Master Files
Sr. No. Name of the API
US-
FDA
Canada-
HPFB WHO
Japan -
PMDA Australia EDQM
16 Chlorthalidone aaaa aaaa aaaa
17 Citalopram HBR aaaa
18 Dihydroartemesinin aaaa
19 Etodolac aaaa aaaa
20 Famotidine aaaa aaaa
21 Fenofibrate aaaa aaaa21 Fenofibrate aaaa aaaa
22 Fluconazole aaaa
23 Flumequine aaaa
24 Furosemide aaaa aaaa aaaa CEP aaaa
25 Glimepiride aaaa aaaa aaaa
26 Hydrochlorothiazide aaaa aaaa aaaa CEP aaaa
27 Hydroxyzine Di Hcl aaaa aaaa
28 Hydroxychloroquine Sulphate aaaa aaaa aaaa
29 Indapamide aaaa aaaa aaaa
30 Losartan Potassium aaaa aaaa CEP aaaa
![Page 43: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/43.jpg)
InternationalAPIs – Drug Master Files
Sr. No. Name of the API
US-
FDA
Canada-
HPFB WHO
Japan -
PMDA Australia EDQM
31 Lumefantrine aaaa
32 Methylphenidate aaaa aaaa
33 Mesalamine/ Mesalazine aaaa aaaa
34 Metformin HCL aaaa aaaa aaaa
35 Metoclopramide HCl aaaa aaaa CEP aaaa
36 Metoclopramide Base aaaa36 Metoclopramide Base aaaa
37 Metoprolol Succinate aaaa aaaa
38 Metoprolol Tartrate aaaa aaaa aaaa aaaa
39 Midodrine Hydrochloride aaaa
40 Nabumetone aaaa aaaa
41 Nifedipine aaaa aaaa
42 Ondansetron Hydrochloride aaaa aaaa aaaa
43 Ondansetron Base aaaa
44 Paroxetine Hcl aaaa
45 Primaquine Phosphate aaaa aaaa
![Page 44: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/44.jpg)
InternationalAPIs – Drug Master Files
Sr. No. Name of the API
US-
FDA
Canada-
HPFB WHO
Japan -
PMDA Australia EDQM
46 Piperaquine Phosphate aaaa
47 Probenecid aaaa
48 Proguanil Hydrochloride aaaa aaaa
49 Propranolol HCl aaaa aaaa aaaa CEP aaaa
50 Pyrantel Pamoate aaaa aaaa aaaa
51 Pyrimethamine Hcl aaaa aaaa51 Pyrimethamine Hcl aaaa aaaa
52 Promethazine Hydrochloride aaaa
53 Quetiapine Fumarate aaaa aaaa
54 Risperidone aaaa
55 Residronate Sodium aaaa
56 Ractopamine Hcl aaaa aaaa
57 Sodium Alendronate aaaa aaaa aaaa
58 Telmisartan aaaa
59 Torsemide aaaa aaaa
60 Tramadol Hydrochloride aaaa aaaa aaaa
![Page 45: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/45.jpg)
InternationalAPIs – Drug Master Files
Sr. No. Name of the API
US-
FDA
Canada-
HPFB WHO
Japan -
PMDA Australia EDQM
61 Trimethoprim aaaa aaaa CEP aaaa
62 Triamterene aaaa aaaa
63 Valsartan aaaa aaaa
64 Venlafexine aaaa aaaa
65 Warfarin Sodium Clathrate aaaa aaaa
66 Warfarin Sodium CEP aaaa66 Warfarin Sodium CEP aaaa
67 Zaltoprofen aaaa
68 Zoledronic Acid aaaa
Total 47 20 7 15 13 44
Note : Australia accept CEP issued by EDQM
![Page 46: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/46.jpg)
Pursuing MNC tie-ups for supply agreements.
Non-infringing process Patent filed for APIs.
InternationalAPIs
Future Growth Drivers
![Page 47: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/47.jpg)
Own API manufacturing to back formulations, especially for the Generic
market.
Exploring strategic business relationship with smaller API manufacturers for
increasing product basket.
InternationalAPIs
Future Growth Drivers
increasing product basket.
![Page 48: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/48.jpg)
Research & DevelopmentAPIs & Formulations
![Page 49: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/49.jpg)
Research & DevelopmentAPIs & Formulations
R & D Spending
Year ` Crs % to Sales
2013-14 123.24 3.81%
2014-15 157.19 5.09%
2015-16 137.67 4.91%
2016-17 125.67 4.06%
2017-18 118.10 3.73%
![Page 50: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/50.jpg)
Current scientist manpower of over 450.
Research focus on developing APIs with non-infringing process and
development of finished dosage forms.
Development of NDDS for domestic and international market.
Research & DevelopmentAPIs & Formulations
228 patent applications filed.
![Page 51: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/51.jpg)
Bio-tech / fermentation research facility established and working under contract research on two products.
Undertaking contract research activities for APIs & Formulations for international clients.
Research & DevelopmentAPIs & Formulations
Future Strategy
![Page 52: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/52.jpg)
Acquisition of 100% share capital of Pisgah Labs Inc.,
USA by Company’s subsidiaries
Acquisition of 100% share capital of Pisgah Labs Inc., USA by Ipca Pharmaceutical Inc., USA
(Company’s Wholly owned subsidiary) and Onyx Scientific Ltd., U.K (Onyx) (Company’s wholly owned
step down subsidiary) for US$ 9.65 millions free of debt.
Pisgah Labs Inc., North Carolina , USA was originally founded in the year 1981 as contract
manufacturer and developer of active pharmaceutical ingredients (APIs) and intermediates.
Pisgah Labs Inc. has been a chemistry solutions provider for over three decades and will continue to Pisgah Labs Inc. has been a chemistry solutions provider for over three decades and will continue to
operate out of its North Carolina manufacturing facility under the Pisgah trade name. Onyx and
Pisgah’s capabilities in chemistry services will dovetail effectively with company’s capabilities in
supporting Phase II to commercial scale programmes and also enable the company to manufacture
small volume APIs for US market.
For the financial year ended 30th April, 2017, Pisgah had a total income of US$ 2.89 millions and
EBIDTA of US $ 1.14 million.
This acquisition was completed upon signing of Stock Purchase Agreement and transfer of shares in
the name of the Company’s subsidiaries on 16th January ,2018 in USA.
![Page 53: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/53.jpg)
Acquisition of 80% share capital of Bayshore Pharmaceuticals LLC,
New Jersey, USA by Company’s wholly owned subsidiary
Acquisition of 80% share capital of Bayshore Pharmaceuticals LLC, New Jersey, USA by Ipca
Pharmaceutical Inc., USA (Company’s wholly owned subsidiary) for US$ 10.286millions .
Bayshore Pharmaceuticals LLC (Bayshore), New Jersey, USA was originally founded in the year 2011
as a sales and marketing company by FDA approved generics drug products in the United States of
America.
Bayshore is currently engaged in the selling & marketing of its own registered generics drug
products as well as the registered generics drug products of other pharmaceutical companies.products as well as the registered generics drug products of other pharmaceutical companies.
The acquisition in Bayshore will enable the Company to commercialise its registered Generics
Drug Products in the US market, through this entity.
For the financial year ended 31st December , 2017, Bayshore had a total income of US$ 7.05 millions
and EBIDTA of US $ 0.56 million.
This acquisition was completed upon signing of Stock Purchase Agreement and transfer of shares in
the name of the Company’s wholly owned subsidiary on 2nd October, 2018 in USA.
![Page 54: Ipca Laboratories Ltd. - Pharmaceutical company - Ipca](https://reader030.fdocuments.us/reader030/viewer/2022020706/61fc80078d33c02b785de56e/html5/thumbnails/54.jpg)
Thank you
No part of this corporate presentation may be re-produced, quoted or circulated without prior approval of Ipca
Laboratories Limited.
This presentation may include forward looking statements based on our current business expectations. Our actual
results may differ from what is projected in this corporate presentation. The viewers of this presentation may use their
own judgment and calculation before making any decision on any matter based on the information given herein.
The company also disclaims any obligation to revise any of the information given in this presentation.