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 17.5
- Book Value ₹ 153
- Dividend Yield 1.51 %
- ROCE 15.4 %
- ROE 11.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 19.8%
Cons
- The company has delivered a poor sales growth of 10.3% over past five years.
- Company has a low return on equity of 12.3% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 888 | 994 | 1,013 | 1,074 | 1,089 | 1,341 | 1,331 | 1,525 | 1,784 | 1,943 | 2,108 | 2,171 | 2,190 | |
| 690 | 765 | 769 | 841 | 860 | 1,038 | 997 | 1,271 | 1,533 | 1,604 | 1,783 | 1,825 | 1,855 | |
| Operating Profit | 199 | 229 | 243 | 233 | 229 | 304 | 334 | 254 | 251 | 339 | 325 | 346 | 335 |
| OPM % | 22% | 23% | 24% | 22% | 21% | 23% | 25% | 17% | 14% | 17% | 15% | 16% | 15% |
| 46 | 39 | 44 | 45 | 42 | 57 | 95 | 76 | 50 | 102 | 91 | 93 | 118 | |
| Interest | 2 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 4 | 4 | 5 | 5 | 5 |
| Depreciation | 39 | 34 | 35 | 35 | 33 | 37 | 38 | 37 | 39 | 40 | 54 | 59 | 59 |
| Profit before tax | 204 | 232 | 252 | 241 | 237 | 320 | 388 | 289 | 258 | 396 | 357 | 375 | 390 |
| Tax % | 27% | 27% | 25% | 28% | 28% | 25% | 22% | 25% | 25% | 23% | 25% | 25% | |
| 148 | 169 | 189 | 174 | 170 | 240 | 301 | 216 | 194 | 305 | 267 | 281 | 293 | |
| EPS in Rs | 8.33 | 9.48 | 10.60 | 9.95 | 9.74 | 14.03 | 17.85 | 12.82 | 11.70 | 18.75 | 16.39 | 17.29 | 17.97 |
| Dividend Payout % | 27% | 24% | 21% | -0% | -0% | 6% | -0% | -0% | -0% | -0% | 31% | 29% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 10% |
| 3 Years: | 7% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -1% |
| 3 Years: | 12% |
| TTM: | 14% |
| 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
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 919 | 1,065 | 1,252 | 1,259 | 1,428 | 1,530 | 1,717 | 1,940 | 1,965 | 2,081 | 2,265 | 2,469 |
| 2 | 1 | 1 | 1 | 1 | 15 | 15 | 32 | 28 | 21 | 21 | 15 | |
| 210 | 182 | 197 | 228 | 194 | 250 | 208 | 281 | 333 | 350 | 412 | 418 | |
| Total Liabilities | 1,148 | 1,266 | 1,468 | 1,505 | 1,640 | 1,813 | 1,956 | 2,270 | 2,343 | 2,468 | 2,714 | 2,919 |
| 393 | 675 | 678 | 674 | 682 | 674 | 689 | 705 | 699 | 680 | 852 | 999 | |
| CWIP | 29 | 20 | 6 | 13 | 12 | 24 | 19 | 105 | 198 | 261 | 137 | 96 |
| Investments | 489 | 325 | 491 | 471 | 585 | 665 | 790 | 886 | 806 | 843 | 1,028 | 1,048 |
| 237 | 246 | 293 | 348 | 360 | 451 | 458 | 575 | 640 | 684 | 698 | 775 | |
| Total Assets | 1,148 | 1,266 | 1,468 | 1,505 | 1,640 | 1,813 | 1,956 | 2,270 | 2,343 | 2,468 | 2,714 | 2,919 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 128 | 174 | 154 | 150 | 112 | 250 | 207 | 162 | 155 | 221 | 318 | 200 | |
| -89 | -73 | -144 | 21 | -121 | -98 | -77 | -145 | 11 | -17 | -199 | -110 | |
| -48 | -97 | 0 | -169 | -0 | -142 | -129 | -10 | -180 | -202 | -92 | -93 | |
| Net Cash Flow | -9 | 4 | 11 | 1 | -8 | 10 | 1 | 7 | -14 | 2 | 26 | -3 |
| Free Cash Flow | 83 | -130 | 130 | 114 | 70 | 247 | 148 | 35 | 47 | 151 | 227 | 40 |
| CFO/OP | 96% | 101% | 92% | 94% | 81% | 110% | 90% | 95% | 93% | 96% | 129% | 83% |
Ratios
Consolidated / View Standalone
| 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 | 23 | 27 | 28 | 29 | 34 | 30 | 20 | 25 | 22 | 19 | 26 |
| Inventory Days | 132 | 134 | 148 | 166 | 184 | 180 | 189 | 210 | 183 | 216 | 186 | 182 |
| Days Payable | 94 | 84 | 81 | 101 | 82 | 101 | 68 | 94 | 99 | 103 | 102 | 106 |
| Cash Conversion Cycle | 64 | 72 | 94 | 93 | 131 | 113 | 152 | 135 | 109 | 135 | 103 | 102 |
| Working Capital Days | 11 | 21 | 23 | 29 | 45 | 40 | 48 | 45 | 48 | 53 | 33 | 41 |
| ROCE % | 21% | 22% | 21% | 19% | 17% | 21% | 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) % ・Standalone data |
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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%