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 ₹ 6,315 Cr.
- Current Price ₹ 388
- High / Low ₹ 528 / 313
- Stock P/E 20.9
- Book Value ₹ 153
- Dividend Yield 1.29 %
- ROCE 16.8 %
- ROE 12.6 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 19.4%
Cons
- The company has delivered a poor sales growth of 9.95% over past five years.
- Company has a low return on equity of 13.0% over last 3 years.
- Working capital days have increased from 69.5 days to 123 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
Part of BSE Healthcare BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 877 | 986 | 1,008 | 1,061 | 1,074 | 1,328 | 1,323 | 1,516 | 1,777 | 1,916 | 2,070 | 2,126 | |
| 680 | 759 | 766 | 835 | 854 | 1,033 | 999 | 1,269 | 1,522 | 1,578 | 1,750 | 1,774 | |
| Operating Profit | 197 | 227 | 242 | 225 | 220 | 295 | 324 | 247 | 255 | 338 | 320 | 352 |
| OPM % | 22% | 23% | 24% | 21% | 20% | 22% | 25% | 16% | 14% | 18% | 15% | 17% |
| 44 | 40 | 44 | 45 | 51 | 71 | 97 | 79 | 54 | 103 | 106 | 90 | |
| Interest | 2 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 5 |
| Depreciation | 38 | 34 | 35 | 35 | 33 | 37 | 38 | 37 | 39 | 40 | 54 | 59 |
| Profit before tax | 201 | 232 | 250 | 234 | 236 | 325 | 380 | 285 | 266 | 398 | 368 | 378 |
| Tax % | 27% | 27% | 25% | 28% | 27% | 24% | 23% | 23% | 24% | 23% | 26% | 24% |
| 146 | 169 | 187 | 168 | 172 | 247 | 294 | 220 | 201 | 307 | 274 | 286 | |
| EPS in Rs | 8.20 | 9.50 | 10.52 | 9.65 | 9.84 | 14.43 | 17.45 | 13.01 | 12.11 | 18.87 | 16.81 | 17.56 |
| Dividend Payout % | 28% | 24% | 21% | 0% | 0% | 6% | 0% | 0% | 0% | 0% | 30% | 28% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 10% |
| 3 Years: | 6% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 2% |
| 3 Years: | 15% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 0% |
| 3 Years: | 8% |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 12% |
| 3 Years: | 13% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 17 | 17 | 17 | 17 | 16 | 16 | 16 |
| Reserves | 912 | 1,059 | 1,246 | 1,245 | 1,416 | 1,525 | 1,705 | 1,932 | 1,964 | 2,081 | 2,271 | 2,476 |
| 1 | 1 | 1 | 1 | 1 | 15 | 14 | 31 | 28 | 20 | 21 | 15 | |
| 209 | 181 | 195 | 224 | 192 | 249 | 207 | 274 | 327 | 341 | 402 | 404 | |
| Total Liabilities | 1,140 | 1,259 | 1,459 | 1,488 | 1,625 | 1,806 | 1,943 | 2,254 | 2,335 | 2,459 | 2,710 | 2,912 |
| 381 | 671 | 674 | 670 | 678 | 670 | 685 | 701 | 695 | 676 | 848 | 994 | |
| CWIP | 29 | 20 | 6 | 13 | 12 | 24 | 19 | 104 | 198 | 261 | 136 | 96 |
| Investments | 496 | 325 | 491 | 472 | 585 | 665 | 790 | 886 | 806 | 850 | 1,050 | 1,070 |
| 234 | 243 | 287 | 333 | 349 | 447 | 448 | 563 | 637 | 672 | 677 | 752 | |
| Total Assets | 1,140 | 1,259 | 1,459 | 1,488 | 1,625 | 1,806 | 1,943 | 2,254 | 2,335 | 2,459 | 2,710 | 2,912 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 127 | 171 | 153 | 148 | 104 | 239 | 210 | 162 | 165 | 221 | 310 | 200 | |
| -89 | -73 | -144 | 20 | -109 | -85 | -84 | -147 | 4 | -18 | -199 | -109 | |
| -47 | -97 | 0 | -169 | -0 | -142 | -126 | -10 | -180 | -202 | -92 | -93 | |
| Net Cash Flow | -10 | 1 | 10 | -2 | -6 | 12 | -1 | 5 | -11 | 1 | 19 | -2 |
| Free Cash Flow | 81 | -135 | 129 | 112 | 62 | 235 | 151 | 36 | 54 | 151 | 220 | 40 |
| CFO/OP | 96% | 100% | 92% | 96% | 80% | 109% | 94% | 98% | 95% | 96% | 129% | 81% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 24 | 28 | 26 | 28 | 34 | 30 | 19 | 25 | 22 | 18 | 24 |
| Inventory Days | 133 | 134 | 148 | 166 | 183 | 180 | 189 | 210 | 180 | 217 | 185 | 182 |
| Days Payable | 95 | 85 | 81 | 101 | 82 | 101 | 68 | 94 | 100 | 104 | 102 | 106 |
| Cash Conversion Cycle | 64 | 73 | 95 | 92 | 130 | 113 | 151 | 135 | 106 | 134 | 102 | 100 |
| Working Capital Days | 12 | 22 | 24 | 28 | 44 | 41 | 47 | 45 | 48 | 52 | 33 | 123 |
| ROCE % | 21% | 22% | 21% | 19% | 18% | 22% | 22% | 15% | 13% | 18% | 16% | 17% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Medical Representatives (Field Force) Count |
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| Market Share - Electral (ORS) % |
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| Market Share - Zifi (Cefixime) % |
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| Number of Dealers/Distributors Count |
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| Market Share - Enerzal % |
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| Monthly Production Capacity - Sinnar ORS Sachets Million Units |
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| US FDA Approved ANDAs (Cumulative) Count |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement Under Regulation 30 Of SEBI (LODR) Regulation, 2015
4 Jun - Maharashtra FDA seized Enerzal stock at two depots and collected samples; company says operations continue normally.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 28 May
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
28 May - Shareholders passed postal ballot appointing Kishore Mukund Saletore as independent director on May 27, 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - FDC filed its FY2026 Annual Secretarial Compliance Report; no non-compliances or actions were reported.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
28 May - FDC reported Q4 FY26 PAT of Rs 103 crore and FY26 PAT of Rs 281 crore; also received U.S. FDA approval.
Annual reports
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Financial Year 2025
from bse
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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
from nse
Concalls
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Nov 2023Transcript PPT REC
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Feb 2023TranscriptAI SummaryPPT
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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 2017TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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May 2016TranscriptAI SummaryPPT
Revenue Breakup FY25[1]
Formulations: 92%,
Bulk Drugs : 6%,
Profit share - Formulation: 2%