History of Divis Laboratories

_x000D_ Divi’s Research Centre was established in 1990, and its first manufacturing facility was built in 1995 near Hyderabad. The centre had been built with research and development as its primary goal. During 1991-93, the company successfully developed several commercial processes for intermediates and bulk actives. In the year 1994, the company changed its name to Divis Laboratories Ltd to reflect their growing area of operations. In 2003, a new research centre named 'DRC-Vizag' was built by the company for research in more niche segments. _x000D_ _x000D_ In 2003, Divi’s Laboratories was listed on the Indian stock exchanges. In 2006-07, Divi’s developed an SEZ titled 'Divi's Pharma SEZ' near Visakhapatnam. In the following year, the company set up production and utility facilities in the SEZ and EOU units. They commissioned a Nutraceuticals Manufacturing facility at Divi's Pharma SEZ. In 2023, the company set up a third manufacturing plant (Unit-III) in Kakinada, Andhra Pradesh._x000D_ _x000D_ Over the years, the company has passed multiple inspections by the USFDA as well as other major drug inspection agencies of foreign countries._x000D_

Divis Laboratories Business Segments

_x000D_ Divi’s Laboratories manufactures generic and customised active pharmaceutical ingredients (APIs) and intermediates along with Nutraceuticals for a global audience. Their business segments can be categorised as:_x000D_

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1. Generic APIs: These include large volumes of standard medicine in tens to thousands of tonnes each year, exported to over 100 countries. Divi’s manufactures 30 APIs commercially, and 10 more APIs are in various stages of R&D/pilot project stage. Divi’s is one of the top 2 API manufacturers globally for 18 out of these 30 molecules.
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2. Custom Synthesis: These include APIs that have been custom-built based on the requirements of major clients. 12 out of the top 20 companies across the US, EU and Japan have been clients of Divi’s for over 10 years.
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3. Nutraceutical: The company's Vishakhapatnam unit produces Carotenoids. It is currently supplying carotenoids to all major food, dietary supplement and feed manufacturers globally. The company also offers customised ingredient solutions in liquids, beadlets and powder forms.
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_x000D_ Overall, its product categories include antidepressants, antineoplastic, anti-Parkinson, anti-hypersensitive, analgesic, anticonvulsant/neuropathic pain, anti-inflammatory drugs, etc._x000D_ _x000D_ As of March 31, 2023, the company has two overseas subsidiaries, namely M/s. Divis Laboratories (USA) Inc., in the US and M/s. Divi's Laboratories Europe AG in Switzerland for marketing its Nutra products._x000D_

Divis Laboratories Management Team

_x000D_ Dr. Murali K. Divi, Founder and Managing Director_x000D_ _x000D_ Dr. Divi is the Founder and Managing Director of Divi’s Laboratories Ltd. He oversees major technical and financial operations of the company. Before starting Divi’s, Dr. Divi had more than 15 years of experience in the pharma industry and has led various global research and manufacturing teams. He holds a Ph.D. degree in Pharmaceutical Sciences from Kakatiya University and is also a member of the American Institute of Chemical Engineers and the American Chemical Society._x000D_ _x000D_ Dr. Kiran S. Divi, CEO_x000D_ _x000D_ Dr. Kiran Divi is the Director on the Board and is the Chief Executive Officer at Divi’s Laboratories Ltd. He has been with Divi’s for the past 20 years. He took charge as the as the CEO in January 2020. He studied Pharmacy at JNTU, India and also holds a Ph.D. degree from the Gandhi Institute of Technology and Management, Visakhapatnam._x000D_

Divis Laboratories Corporate Action

_x000D_ Bonus Shares_x000D_ _x000D_ Divi’s Laboratories had announced bonus shares last in 2015, in the ratio of 1:1. Before that, it had issued a 1:1 bonus share as well, in 2009._x000D_ _x000D_ Stock Split_x000D_ _x000D_ Divis Laboratories had split the face value of its shares from ₹10 to ₹2 in 2007._x000D_

Divis Laboratories Financial Highlights

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• The company has steadily increased its total revenue from ₹816 crore in March 2013 to ₹2,370 crore in March 2023.
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• The company has a large amount of assets. As of September 2023, its current ratio and quick ratio are 8.46 and 5.73, respectively.
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• The company has consistently increased its investment in land, building and plant and machinery. 
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• It has also built up a massive inventory and trade receivables, which contributes to a large current ratio.
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