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). .[1]
- Market Cap ₹ 5,375 Cr.
- Current Price ₹ 330
- High / Low ₹ 474 / 313
- Stock P/E 17.3
- Book Value ₹ 153
- Dividend Yield 1.51 %
- ROCE 15.5 %
- ROE 11.4 %
- 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 12.4% 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
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 877 | 986 | 1,008 | 1,061 | 1,074 | 1,328 | 1,323 | 1,516 | 1,777 | 1,916 | 2,070 | 2,126 | 2,139 | |
| 680 | 759 | 766 | 835 | 854 | 1,033 | 999 | 1,269 | 1,522 | 1,578 | 1,750 | 1,774 | 1,800 | |
| Operating Profit | 197 | 227 | 242 | 225 | 220 | 295 | 324 | 247 | 255 | 338 | 320 | 352 | 339 |
| OPM % | 22% | 23% | 24% | 21% | 20% | 22% | 25% | 16% | 14% | 18% | 15% | 17% | 16% |
| 44 | 40 | 44 | 45 | 51 | 71 | 97 | 79 | 54 | 103 | 106 | 90 | 117 | |
| Interest | 2 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 5 |
| Depreciation | 38 | 34 | 35 | 35 | 33 | 37 | 38 | 37 | 39 | 40 | 54 | 59 | 59 |
| Profit before tax | 201 | 232 | 250 | 234 | 236 | 325 | 380 | 285 | 266 | 398 | 368 | 378 | 392 |
| 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 | 296 | |
| 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 | 18.17 |
| 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: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 0% |
| 3 Years: | 11% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -1% |
| 3 Years: | -4% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 11% |
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 / 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 | 42 |
| ROCE % | 21% | 22% | 21% | 19% | 18% | 22% | 22% | 15% | 13% | 18% | 16% | 15% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Zifi market share (Cefixime) % |
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| Domestic formulation sales INR crore |
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| Electral market share (Oral Rehydration Salts) % |
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| API (Bulk Drugs) sales INR crore |
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| Export formulation sales INR crore |
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| Field force (Medical Representatives) count |
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| Enerzal market share (Energy Drinks) % |
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| Per Capita Per Month (PCPM) productivity INR lakhs per MR per month |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- FDC submitted Regulation 74(5) certificate for quarter ended September 30, 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Closure of Trading Window
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- FDC held its 86th AGM on September 24, 2026; shareholders considered FY26 accounts, director reappointment, and cost auditor ratification.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication - Corrigendum to 86th AGM Notice- Cut-off date & Book Closure period FY 2025-26.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Nov 2023Transcript PPT REC
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Feb 2023PPT
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Nov 2022Transcript
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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 2022Transcript
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Dec 2021Transcript
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Jun 2017PPT
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Nov 2016PPT
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May 2016PPT
Revenue Breakup FY25[1]
Formulations: 92%,
Bulk Drugs : 6%,
Profit share - Formulation: 2%