Chandra Bhagat Pharma Ltd

Chandra Bhagat Pharma Ltd

₹ 32.0 4.92%
01 Apr - close price
About

Incorporated in 2003, Chandra Bhagat Pharma Ltd manufactures chemical and pharmaceutical products.[1]

Key Points

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.

  • 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.

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Half Yearly Results

Figures in Rs. Crores

Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
22.36 48.33 43.15 50.93 44.27 75.40 119.26 102.11 64.92 21.80 25.55
20.71 46.67 41.53 49.87 43.24 73.60 124.26 104.15 66.11 22.06 23.88
Operating Profit 1.65 1.66 1.62 1.06 1.03 1.80 -5.00 -2.04 -1.19 -0.26 1.67
OPM % 7.38% 3.43% 3.75% 2.08% 2.33% 2.39% -4.19% -2.00% -1.83% -1.19% 6.54%
0.02 0.46 0.47 1.15 0.60 0.19 7.01 4.32 3.07 2.45 0.34
Interest 1.62 1.86 1.45 1.63 1.04 1.15 0.66 0.73 0.85 1.10 0.81
Depreciation 0.01 0.02 0.06 0.06 0.05 0.22 0.43 0.21 0.41 0.54 0.61
Profit before tax 0.04 0.24 0.58 0.52 0.54 0.62 0.92 1.34 0.62 0.55 0.59
Tax % 25.00% 33.33% 24.14% 30.77% 31.48% 14.52% 31.52% 33.58% -11.29% 69.09% 22.03%
0.03 0.16 0.43 0.36 0.37 0.54 0.63 0.90 0.68 0.17 0.45
EPS in Rs 0.04 0.21 0.57 0.48 0.49 0.72 0.83 1.19 0.90 0.23 0.60
Raw PDF

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
Export Sales Revenue
INR Lacs
Trade Receivables Turnover Ratio
Times
Customer Concentration (Top 5 Customers Share of Revenue)
Percentage

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
70.42% 70.42% 71.80% 71.80% 70.11% 69.09% 68.24% 68.69% 68.77% 69.29% 71.20% 72.19%
0.00% 0.00% 0.00% 0.00% 0.00% 0.85% 0.85% 1.33% 1.33% 0.48% 0.61% 0.61%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.89% 0.89% 0.00% 0.00% 0.00%
29.58% 29.58% 28.20% 28.20% 29.89% 30.07% 30.91% 29.09% 29.02% 30.23% 28.18% 27.20%
No. of Shareholders 17815610690126126146134152315316301

* 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.

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