Fredun Pharmaceuticals Ltd

Fredun Pharmaceuticals Ltd

₹ 775 -1.87%
18 Apr - close price
About

Incorporated in 1987, Fredun Pharmaceuticals
Ltd manufactures & exports healthcare and pharmaceuticals products[1]

Key Points

Business Overview:[1]
Company is a subsidiary of Fredun Group. It manufactures pharmaceutical and allopathic formulations viz. tablets, syrups, capsules, and ointments. Product basket includes multiple therapeutic classes such as anti-diabetics, anti-retroviral and anti-hypertensive. Company also ventured into manufacturing of dietary/herbal supplements, neutraceuticals, diagnostic kits along with Animal Healthcare products through its group companies Fredun Healthcare Pvt. Ltd. & Fredna Entereprises.
Company has 23 therapeutic classes*(including anti-diabetics, anti-retroviral
and anti-hypertensive), with
450** products registered in overseas markets.

  • Market Cap 363 Cr.
  • Current Price 775
  • High / Low 1,249 / 650
  • Stock P/E 25.1
  • Book Value 238
  • Dividend Yield 0.09 %
  • ROCE 18.9 %
  • ROE 13.9 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 43.9% CAGR over last 5 years
  • Debtor days have improved from 102 to 46.2 days.
  • Company's median sales growth is 23.0% of last 10 years

Cons

  • Stock is trading at 3.26 times its book value
  • Company has a low return on equity of 10.9% 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

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
45.57 42.38 45.25 54.76 54.23 71.85 48.42 70.32 77.96 79.81 62.05 81.98 87.00
42.52 39.56 43.66 50.68 49.88 66.46 44.55 63.52 70.66 67.55 54.44 72.37 76.48
Operating Profit 3.05 2.82 1.59 4.08 4.35 5.39 3.87 6.80 7.30 12.26 7.61 9.61 10.52
OPM % 6.69% 6.65% 3.51% 7.45% 8.02% 7.50% 7.99% 9.67% 9.36% 15.36% 12.26% 11.72% 12.09%
-0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Interest 1.19 1.29 0.64 1.05 1.25 1.72 1.91 1.86 1.95 3.55 2.61 2.90 3.77
Depreciation 0.53 0.52 0.51 0.52 0.55 0.58 0.65 0.72 0.74 0.70 0.92 0.94 0.99
Profit before tax 1.33 1.01 0.44 2.51 2.55 3.09 1.31 4.22 4.61 8.01 4.08 5.77 5.76
Tax % -0.00% 27.72% 27.27% 26.69% 26.67% 25.57% 27.48% 25.12% 25.16% 51.44% 41.18% 31.72% 26.74%
1.34 0.73 0.33 1.84 1.87 2.30 0.94 3.15 3.46 3.89 2.40 3.94 4.22
EPS in Rs 3.36 1.83 0.83 4.61 4.22 5.19 2.11 7.07 7.66 8.58 5.24 8.41 9.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
12 15 21 25 42 57 60 97 113 134 222 273 311
11 14 20 24 38 53 54 87 104 126 208 244 271
Operating Profit 0 1 1 2 4 3 6 10 8 8 14 29 40
OPM % 3% 9% 7% 7% 9% 6% 10% 11% 7% 6% 6% 11% 13%
1 -0 0 0 1 2 0 0 1 1 2 2 0
Interest 1 1 1 1 2 2 2 3 4 4 5 10 13
Depreciation 0 0 1 1 1 1 1 1 2 2 2 3 4
Profit before tax -0 0 0 1 2 2 3 6 2 3 9 18 24
Tax % -0% 80% 47% 52% 42% 36% 34% 28% 24% 37% 26% 38%
-0 0 0 0 1 1 2 4 2 2 6 11 14
EPS in Rs -1.02 0.04 1.02 1.11 4.55 6.08 5.11 11.18 4.76 5.04 14.30 23.85 31.24
Dividend Payout % -0% -0% -0% -0% 13% 10% 12% 6% 14% 14% 5% 3%
Compounded Sales Growth
10 Years: 34%
5 Years: 36%
3 Years: 34%
TTM: 16%
Compounded Profit Growth
10 Years: 68%
5 Years: 44%
3 Years: 79%
TTM: 47%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: 20%
1 Year: -13%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 11%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 2 2 2 2 3 4 4 4 4 5 5
Reserves 0 0 0 0 1 2 19 35 37 39 63 84 107
Preference Capital 0 0 0 0 0 2 -0 -0 -0 -0 -0 -0
5 5 7 9 16 18 10 19 35 40 53 87 65
6 7 8 11 24 33 47 47 65 79 66 83 102
Total Liabilities 13 15 18 23 43 56 79 105 141 162 187 257 279
6 6 7 8 15 16 16 31 31 30 32 39 42
CWIP 0 -0 -0 1 -0 4 11 -0 -0 -0 -0 -0 -0
Investments -0 -0 -0 -0 -0 -0 -0 0 0 0 0 0 1
7 9 11 14 29 36 52 74 110 131 155 218 236
Total Assets 13 15 18 23 43 56 79 105 141 162 187 257 279

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 1 -1 2 3 4 17 1 -11 0 -2 -14
-0 -1 -2 -3 -6 -7 -8 -5 -1 -1 -4 -9
-0 -0 2 1 3 3 -8 4 14 -1 7 25
Net Cash Flow -0 0 -0 0 1 -1 1 0 2 -2 1 1

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 52 47 59 75 98 131 94 67 126 112 148 46
Inventory Days 156 132 107 102 140 68 170 249 227 242 96 264
Days Payable 210 131 152 167 221 224 360 205 208 215 101 104
Cash Conversion Cycle -2 49 14 11 17 -24 -96 110 145 139 144 206
Working Capital Days 22 22 31 20 16 10 42 99 141 144 144 192
ROCE % 9% 17% 14% 14% 25% 18% 16% 21% 10% 10% 13% 19%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.04% 52.04% 51.27% 51.27% 51.04% 51.04% 50.34% 50.15% 49.62% 49.31% 49.16% 49.13%
1.88% 7.20% 1.69% 1.69% 1.68% 1.68% 1.66% 1.65% 1.64% 1.60% 1.60% 1.60%
46.08% 40.77% 47.04% 47.04% 47.27% 47.27% 48.00% 48.20% 48.74% 49.08% 49.24% 49.27%
No. of Shareholders 2,3013,6813,5733,6203,6903,9014,1384,5214,6256,3136,8376,838

* 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.

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