FDC Ltd
FDC (Fairdeal Corporation) Ltd Limited (found in 1936) is among India’s leading fully integrated pharmaceutical companies. The Company is a pioneer in the manufacture of specialized formulations, and among the world’s foremost manufacturers and marketers of Oral Rehydration Salts (ORS). Some of FDC’s leading brands in India include Zifi, Electral, Enerzal, Vitcofol, Pyrimon, Zocon, Zathrin, Zipod, Cotaryl and Mycoderm in the domestic and international markets.[1]
- Market Cap ₹ 6,885 Cr.
- Current Price ₹ 423
- High / Low ₹ 659 / 359
- Stock P/E 25.2
- Book Value ₹ 140
- Dividend Yield 1.18 %
- ROCE 18.5 %
- ROE 14.3 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Company has a low return on equity of 12.0% 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.
Peer comparison
Sector: Pharmaceuticals Industry: Pharmaceuticals - Indian - Bulk Drugs & Formln
Part of BSE Healthcare BSE Allcap BSE SmallCap BSE 400 MidSmallCap Index Nifty Microcap 250
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
764 | 836 | 877 | 986 | 1,008 | 1,061 | 1,074 | 1,328 | 1,323 | 1,516 | 1,777 | 1,916 | 2,042 | |
581 | 630 | 680 | 759 | 766 | 835 | 854 | 1,033 | 999 | 1,269 | 1,522 | 1,578 | 1,724 | |
Operating Profit | 183 | 206 | 197 | 227 | 242 | 225 | 220 | 295 | 324 | 247 | 255 | 338 | 318 |
OPM % | 24% | 25% | 22% | 23% | 24% | 21% | 20% | 22% | 25% | 16% | 14% | 18% | 16% |
48 | 38 | 44 | 40 | 44 | 45 | 51 | 71 | 97 | 79 | 54 | 103 | 102 | |
Interest | 2 | 3 | 2 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 4 | 4 | 4 |
Depreciation | 28 | 25 | 38 | 34 | 35 | 35 | 33 | 37 | 38 | 37 | 39 | 40 | 48 |
Profit before tax | 201 | 217 | 201 | 232 | 250 | 234 | 236 | 325 | 380 | 285 | 266 | 398 | 367 |
Tax % | 21% | 38% | 27% | 27% | 25% | 28% | 27% | 24% | 23% | 23% | 24% | 23% | |
158 | 134 | 146 | 169 | 187 | 168 | 172 | 247 | 294 | 220 | 201 | 307 | 274 | |
EPS in Rs | 8.67 | 7.56 | 8.20 | 9.50 | 10.52 | 9.65 | 9.84 | 14.43 | 17.45 | 13.01 | 12.11 | 18.87 | 16.80 |
Dividend Payout % | 26% | 30% | 28% | 24% | 21% | 0% | 0% | 6% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 12% |
3 Years: | 13% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 11% |
3 Years: | 2% |
TTM: | -8% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 17% |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 14% |
3 Years: | 12% |
Last Year: | 14% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 17 | 17 | 17 | 17 | 16 | 16 |
Reserves | 762 | 823 | 912 | 1,059 | 1,246 | 1,245 | 1,416 | 1,525 | 1,705 | 1,932 | 1,964 | 2,081 | 2,270 |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 14 | 31 | 28 | 20 | 20 | |
177 | 209 | 209 | 181 | 195 | 224 | 192 | 249 | 207 | 274 | 327 | 341 | 358 | |
Total Liabilities | 959 | 1,051 | 1,140 | 1,259 | 1,459 | 1,488 | 1,625 | 1,806 | 1,943 | 2,254 | 2,335 | 2,459 | 2,665 |
277 | 272 | 381 | 671 | 674 | 670 | 678 | 670 | 685 | 701 | 695 | 676 | 800 | |
CWIP | 7 | 18 | 29 | 20 | 6 | 13 | 12 | 24 | 19 | 104 | 198 | 261 | 143 |
Investments | 422 | 423 | 496 | 325 | 491 | 472 | 585 | 665 | 790 | 886 | 806 | 850 | 1,073 |
252 | 338 | 234 | 243 | 287 | 333 | 349 | 447 | 448 | 563 | 637 | 672 | 649 | |
Total Assets | 959 | 1,051 | 1,140 | 1,259 | 1,459 | 1,488 | 1,625 | 1,806 | 1,943 | 2,254 | 2,335 | 2,459 | 2,665 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
149 | 149 | 127 | 171 | 153 | 148 | 104 | 239 | 210 | 162 | 165 | 221 | |
-105 | -55 | -89 | -73 | -144 | 20 | -109 | -85 | -84 | -147 | 4 | -18 | |
-62 | -75 | -47 | -97 | 0 | -169 | -0 | -142 | -126 | -10 | -180 | -202 | |
Net Cash Flow | -18 | 19 | -10 | 1 | 10 | -2 | -6 | 12 | -1 | 5 | -11 | 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 | 21 | 27 | 25 | 24 | 28 | 26 | 28 | 34 | 30 | 19 | 25 | 22 |
Inventory Days | 117 | 115 | 133 | 134 | 148 | 166 | 183 | 180 | 189 | 210 | 180 | 217 |
Days Payable | 72 | 91 | 95 | 85 | 81 | 101 | 82 | 101 | 68 | 94 | 100 | 104 |
Cash Conversion Cycle | 67 | 51 | 64 | 73 | 95 | 92 | 130 | 113 | 151 | 135 | 106 | 134 |
Working Capital Days | 25 | 3 | 12 | 22 | 24 | 28 | 44 | 42 | 49 | 46 | 50 | 54 |
ROCE % | 24% | 25% | 21% | 22% | 21% | 19% | 18% | 22% | 22% | 15% | 13% | 18% |
Documents
Announcements
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Announcement Under Regulation 30 (LODR) - Expansion Of Liquid Oral Facility At Company'S Sinnar Plant
2d - INR 140 Cr capex approved for 77,000 KL liquid oral facility expansion over 18-24 months.
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Confirmation Regarding Company Not Falling Under Large Corporate Criteria As On March 31, 2025
24 Apr - FDC confirms it is not a Large Corporate as per SEBI criteria, with nil borrowings as of March 31, 2025.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Apr
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Closure of Trading Window
26 Mar - Closure of trading window until financial results are declared.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
19 Feb - Received demand notice from Customs for tax penalty.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2023Transcript PPT REC
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptPPT
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Dec 2021TranscriptPPT
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Jun 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
Revenue Breakup
Anti-infective medicines contribute 42% of revenues, followed by gastro intestinal 24%, vitamins/ minerals 7%, ophthalmology 6%, cardiac 7%, dermatology 4% and others 11%.[1]