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 ₹ 5,739 Cr.
- Current Price ₹ 352
- High / Low ₹ 495 / 313
- Stock P/E 18.4
- Book Value ₹ 153
- Dividend Yield 1.42 %
- 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: | 5% |
| 5 Years: | 0% |
| 3 Years: | -2% |
| 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 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 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Electral market share (Oral Rehydration Salts) % |
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| Zifi market share (Cefixime) % |
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| API (Bulk Drugs) sales INR crore |
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| Domestic formulation 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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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication - Corrigendum to 86th AGM Notice- Cut-off date & Book Closure period FY 2025-26.
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Typographical Error In The Notice Of 86Th Annual General Meeting.
- AGM notice corrected: e-voting cut-off date September 17, 2026; book closure September 18-23, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication of the convening of the 86th Annual General Meeting of the Company.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Business Responsibility and Sustainability Reporting (BRSR)
- Submitted Business Responsibility and Sustainability Report for FY 2025-26 under Regulation 34.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from bse
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%