Chandra Bhagat Pharma Ltd
Incorporated in 2003, Chandra Bhagat Pharma Ltd manufactures chemical and pharmaceutical products.[1]
- Market Cap ₹ 24.1 Cr.
- Current Price ₹ 32.0
- High / Low ₹ 61.5 / 30.0
- Stock P/E 38.9
- Book Value ₹ 40.3
- Dividend Yield 0.00 %
- ROCE 6.00 %
- ROE 2.41 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.79 times its book value
- Promoter holding has increased by 0.99% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.59% over past five years.
- Company has a low return on equity of 3.71% over last 3 years.
- Earnings include an other income of Rs.2.79 Cr.
- Company has high debtors of 151 days.
- Working capital days have increased from 75.4 days to 115 days
* 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.
Peer comparison
Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48.01 | 61.13 | 79.84 | 89.79 | 97.06 | 106.28 | 93.97 | 70.70 | 94.04 | 119.67 | 221.37 | 86.72 | 47.35 | |
| 46.18 | 58.13 | 76.42 | 85.41 | 92.47 | 101.69 | 90.85 | 67.02 | 91.20 | 116.33 | 228.41 | 88.14 | 45.94 | |
| Operating Profit | 1.83 | 3.00 | 3.42 | 4.38 | 4.59 | 4.59 | 3.12 | 3.68 | 2.84 | 3.34 | -7.04 | -1.42 | 1.41 |
| OPM % | 3.81% | 4.91% | 4.28% | 4.88% | 4.73% | 4.32% | 3.32% | 5.21% | 3.02% | 2.79% | -3.18% | -1.64% | 2.98% |
| 0.64 | 0.31 | 0.38 | 0.49 | 0.67 | 0.44 | 0.44 | 0.48 | 1.62 | 0.29 | 11.33 | 5.49 | 2.79 | |
| Interest | 1.88 | 2.35 | 2.83 | 3.81 | 3.67 | 4.09 | 3.11 | 3.76 | 3.24 | 2.20 | 1.39 | 1.95 | 1.91 |
| Depreciation | 0.17 | 0.26 | 0.24 | 0.14 | 0.06 | 0.05 | 0.03 | 0.12 | 0.12 | 0.27 | 0.64 | 0.95 | 1.15 |
| Profit before tax | 0.42 | 0.70 | 0.73 | 0.92 | 1.53 | 0.89 | 0.42 | 0.28 | 1.10 | 1.16 | 2.26 | 1.17 | 1.14 |
| Tax % | 16.67% | 38.57% | 50.68% | 27.17% | 32.68% | 22.47% | 26.19% | 32.14% | 27.27% | 21.55% | 32.74% | 26.50% | |
| 0.35 | 0.43 | 0.35 | 0.66 | 1.03 | 0.69 | 0.31 | 0.19 | 0.80 | 0.91 | 1.53 | 0.86 | 0.62 | |
| EPS in Rs | 8.37 | 10.29 | 8.37 | 15.79 | 24.64 | 10.29 | 0.41 | 0.25 | 1.06 | 1.21 | 2.03 | 1.14 | 0.83 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -2% |
| 3 Years: | -3% |
| TTM: | -72% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 18% |
| 3 Years: | -4% |
| TTM: | -61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | -31% |
| 1 Year: | -47% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 3% |
| 3 Years: | 4% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.67 | 7.55 | 7.55 | 7.55 | 7.55 | 7.55 | 7.55 | 7.55 |
| Reserves | 5.55 | 5.98 | 6.33 | 6.99 | 8.03 | 13.78 | 18.14 | 18.33 | 19.13 | 19.93 | 21.46 | 22.42 | 22.87 |
| 18.58 | 27.50 | 27.83 | 22.08 | 21.75 | 31.22 | 29.93 | 27.07 | 21.11 | 18.94 | 16.43 | 20.86 | 21.11 | |
| 7.07 | 8.39 | 9.91 | 26.40 | 27.86 | 37.19 | 19.12 | 18.83 | 24.68 | 14.16 | 56.37 | 50.70 | 36.67 | |
| Total Liabilities | 31.62 | 42.29 | 44.49 | 55.89 | 58.06 | 82.86 | 74.74 | 71.78 | 72.47 | 60.58 | 101.81 | 101.53 | 88.20 |
| 1.02 | 0.87 | 0.69 | 0.55 | 0.51 | 0.46 | 0.44 | 0.42 | 0.47 | 0.73 | 2.52 | 2.62 | 2.04 | |
| CWIP | 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 |
| Investments | 0.00 | 0.00 | 0.00 | 4.64 | 1.05 | 4.03 | 0.75 | 0.00 | 0.22 | 0.11 | 0.13 | 0.14 | 1.19 |
| 30.60 | 41.42 | 43.80 | 50.70 | 56.50 | 78.37 | 73.55 | 71.36 | 71.78 | 59.74 | 99.16 | 98.77 | 84.97 | |
| Total Assets | 31.62 | 42.29 | 44.49 | 55.89 | 58.06 | 82.86 | 74.74 | 71.78 | 72.47 | 60.58 | 101.81 | 101.53 | 88.20 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | -9.03 | -6.18 | 4.05 | -7.41 | 8.33 | 12.40 | 5.26 | 6.18 | -5.58 | |
| 0.00 | 0.00 | 0.00 | 0.30 | -0.36 | -0.40 | 0.05 | 0.12 | 0.09 | -0.06 | -1.85 | -1.23 | |
| 0.00 | 0.00 | 0.00 | 7.97 | 6.51 | -3.73 | 6.94 | -6.42 | -9.62 | -4.45 | -5.80 | 2.19 | |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | -0.75 | -0.02 | -0.08 | -0.43 | 2.02 | 2.86 | 0.76 | -1.48 | -4.62 |
| Free Cash Flow | 0.00 | 0.00 | 0.00 | -9.03 | -6.20 | 4.04 | -7.41 | 8.31 | 12.31 | 4.89 | 3.90 | -6.78 |
| CFO/OP | 0% | 0% | 0% | -200% | -129% | 98% | -238% | 229% | 440% | 164% | -94% | 354% |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 65.15 | 70.99 | 66.15 | 79.92 | 67.16 | 90.32 | 54.50 | 79.61 | 58.22 | 24.98 | 65.05 | 151.31 |
| Inventory Days | 161.44 | 176.71 | 122.83 | 132.66 | 144.60 | 173.53 | 186.75 | 214.70 | 153.25 | 99.59 | 15.23 | 3.44 |
| Days Payable | 53.01 | 43.18 | 32.81 | 80.69 | 68.58 | 117.37 | 53.13 | 78.51 | 11.98 | 10.62 | 23.21 | 44.58 |
| Cash Conversion Cycle | 173.59 | 204.52 | 156.17 | 131.89 | 143.18 | 146.48 | 188.12 | 215.80 | 199.49 | 113.95 | 57.06 | 110.17 |
| Working Capital Days | 148.78 | 166.47 | 133.63 | 124.96 | 138.50 | 83.39 | 147.60 | 177.18 | 103.94 | 75.00 | 35.89 | 115.28 |
| ROCE % | 11.68% | 10.44% | 10.40% | 14.77% | 17.42% | 13.13% | 6.97% | 7.44% | 8.62% | 7.13% | 7.95% | 6.00% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Number |
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| Domestic Sales Revenue INR Lacs |
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| Trade Receivables Turnover Ratio Times |
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| Customer Concentration (Top 5 Customers Share of Revenue) Percentage |
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Documents
Announcements
-
Disclosure Under Regulation 30.
20h - Opened Dubai international representative office; Certificate of Formation dated 31-Mar-2026.
- Closure of Trading Window 2d
-
Non Applicability Of Corporate Governance Report Certificate.
21 Jan - Exempt from corporate governance per Reg.15; no CG report required for quarter ended 31 Dec 2025.
-
Un-Audited Result For Half Year Ended September 30, 2025.
13 Nov 2025 - Approved unaudited results for half-year ended 30 Sep 2025; limited review report dated 13 Nov 2025.
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On 13Th November 2025 For Approval Of Un-Audited Result As On 30.09.2025
13 Nov 2025 - Approved unaudited half-year results for period ended 30 Sep 2025; limited review report dated 13 Nov 2025.
Business Overview:[1][2]
a) CBPL, under the brand name CBC, is engaged in manufacturing pharmaceutical formulations such as intravenous (IV) and intramuscular (IM) injections, tablets, and capsules
for both domestic and international markets.
b) The company operates primarily through contract manufacturing and job work arrangements, while maintaining
a diversified product portfolio across a multiple therapeutic segments including oncology, antibiotics, anesthesia, hormones, orthopedics, cardiology, nephrology, neurology, pediatrics, antifungal, and antiviral treatments.
c) In addition to formulations, CBPL is actively involved in the ethical promotion and marketing of Active Pharmaceutical Ingredients (APIs), specialty chemicals, and intermediates, leveraging its own distribution network and sales force.
d) Its major focus lies in supplying critical disease treatments—particularly injections, tablets, and capsules—to hospitals, healthcare centers, government institutions, NGOs, and distributors, combining sourcing, marketing, supply of both generic and branded medicines with a presence in domestic and international markets.