Fermenta Biotech Ltd

Fermenta Biotech Ltd

₹ 159 -7.39%
28 May - close price
About

Incorporated in 1951, Fermenta Biotech
Ltd manufactures Active Pharmaceutical Ingredient, Aqua CHL, Biotechnology and Nutraceutical products[1]

Key Points

Business Overview:[1][2]
a) FBL is engaged in development
and manufacturing of pharmaceuticals, biotechnology and environmental solutions used across various industries. It is a global player in manufacturing of Vitamin D3 in all its formats and has a non-China dependent supply chain.
b) Company is involved in manufacturing
of APIs for muscle relaxant and anti-flatulent applications. It delivers innovative enzymes used in manufacturing of active pharmaceutical ingredients and is involved in environmental solutions used for waste water treatment & management.
c) Also, company has strategic investments in subsidiaries / associate companies primarily dealing in manufacturing and marketing bulk drugs and providing services of sporting and health awareness activities / education activities.
d) Company also deals in lease rental business for ITES properties developed in Than

  • Market Cap 468 Cr.
  • Current Price 159
  • High / Low 214 / 132
  • Stock P/E
  • Book Value 107
  • Dividend Yield 0.79 %
  • ROCE 4.25 %
  • ROE -7.37 %
  • Face Value 5.00

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -5.31% over past five years.
  • Company has a low return on equity of 0.82% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
90.90 108.88 99.01 85.41 94.66 84.45 90.12 53.75 100.59 76.78 51.31 89.35 89.66
72.84 81.30 81.47 73.14 76.11 76.46 78.91 59.87 75.24 63.59 62.93 62.86 80.74
Operating Profit 18.06 27.58 17.54 12.27 18.55 7.99 11.21 -6.12 25.35 13.19 -11.62 26.49 8.92
OPM % 19.87% 25.33% 17.72% 14.37% 19.60% 9.46% 12.44% -11.39% 25.20% 17.18% -22.65% 29.65% 9.95%
3.74 1.07 2.35 1.13 2.97 3.90 2.60 -43.69 -13.93 2.05 -6.97 2.58 1.50
Interest 5.02 4.18 4.44 4.12 4.48 4.48 4.87 5.14 6.31 4.76 3.72 5.16 3.41
Depreciation 5.94 5.46 5.97 6.21 6.03 6.20 6.25 6.16 5.88 5.69 5.68 6.13 6.20
Profit before tax 10.84 19.01 9.48 3.07 11.01 1.21 2.69 -61.11 -0.77 4.79 -27.99 17.78 0.81
Tax % 10.79% 32.72% 30.70% 40.72% 17.71% 13.22% 21.19% 4.97% -172.73% 0.00% 0.00% 34.20% 993.83%
9.67 12.79 6.57 1.82 9.07 1.05 2.12 -58.06 -2.11 4.79 -27.98 11.70 -7.25
EPS in Rs 3.29 4.35 2.23 0.62 3.08 0.36 0.72 -19.73 -0.72 1.63 -9.51 3.98 -2.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
18 15 14 6 6 13 403 299 371 387 328 307
9 11 11 12 14 22 255 229 276 310 288 270
Operating Profit 9 4 3 -6 -8 -9 148 70 95 77 40 37
OPM % 50% 28% 21% -99% -154% -75% 37% 24% 26% 20% 12% 12%
0 0 0 1 0 0 6 12 6 8 -52 -1
Interest 0 0 0 2 6 11 21 20 19 18 21 17
Depreciation 2 2 2 2 3 4 12 15 19 24 25 24
Profit before tax 7 2 1 -9 -18 -23 121 48 63 43 -59 -5
Tax % 20% 31% 30% 1% -2% -3% 9% -34% 18% 29% 2% -307%
5 1 1 -9 -18 -24 110 64 52 30 -58 -19
EPS in Rs 1.93 0.51 0.26 -3.31 -6.63 -8.75 40.13 21.63 17.66 10.27 -19.55 -6.37
Dividend Payout % 96% 161% 157% -6% -3% -2% 1% 23% 14% 12% -6% -19%
Compounded Sales Growth
10 Years: 35%
5 Years: -5%
3 Years: -6%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1108%
Stock Price CAGR
10 Years: 13%
5 Years: -12%
3 Years: -22%
1 Year: 14%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 1%
Last Year: -7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2 2 2 2 2 2 5 14 14 14 14 14
Reserves 92 91 90 80 87 62 245 298 356 382 320 300
1 25 35 52 44 143 209 226 234 241 221 139
13 13 15 15 12 15 93 71 78 76 109 112
Total Liabilities 107 131 143 149 146 223 551 610 683 713 665 565
10 8 7 93 94 96 177 197 250 287 258 267
CWIP 13 34 63 1 1 0 22 71 57 35 45 2
Investments 32 39 40 41 40 118 8 1 13 13 16 4
53 51 33 15 12 9 344 341 363 378 346 293
Total Assets 107 131 143 149 146 223 551 610 683 713 665 565

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11 2 -0 -5 -9 1 91 30 63 50 124 105
-2 -20 -11 -8 20 -89 -97 -39 -44 -32 -64 -15
-8 21 9 14 -13 88 12 -48 -1 -22 -41 -91
Net Cash Flow 1 2 -2 1 -2 1 6 -57 18 -4 19 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 12 9 5 2 26 8 59 94 95 111 75 92
Inventory Days 347 501 392 328 317 272
Days Payable 172 208 135 115 153 184
Cash Conversion Cycle 12 9 5 2 26 8 234 387 352 324 239 180
Working Capital Days -14 -212 -923 -2,380 -538 -289 97 225 191 208 129 132
ROCE % 7% 2% 1% -5% -9% -7% 45% 13% 14% 10% 4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.44% 59.44% 59.58% 59.58% 59.58% 59.58% 59.58% 59.58% 62.06% 62.06% 62.06% 62.06%
0.03% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.05% 0.05% 0.05% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
38.55% 38.57% 38.37% 38.37% 38.37% 38.38% 38.45% 38.46% 36.00% 36.04% 36.05% 36.05%
1.98% 1.98% 1.98% 1.98% 1.98% 1.98% 1.95% 1.95% 1.92% 1.89% 1.89% 1.89%
No. of Shareholders 15,54118,39918,57817,51817,47217,97117,61016,89716,14815,72115,15015,178

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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