Fredun Pharmaceuticals Ltd

Fredun Pharma Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Fredun Pharmaceuticals Ltd

₹ 868 -1.09%
04 Jul 2:45 p.m.
fredungroup.com BSE: 539730
About

Incorporated in 1987, Fredun Pharmaceuticals
Ltd manufactures & exports healthcare and pharmaceuticals products[1]

Key Points

Business Overview:[1]
Company is a subsidiary of Fredun Group. It manufactures pharmaceutical and allopathic formulations viz. tablets, syrups, capsules, and ointments. Product basket includes multiple therapeutic classes such as anti-diabetics, anti-retroviral and anti-hypertensive. Company also ventured into manufacturing of dietary/herbal supplements, neutraceuticals, diagnostic kits along with Animal Healthcare products through its group companies Fredun Healthcare Pvt. Ltd. & Fredna Entereprises.
Company has 23 therapeutic classes*(including anti-diabetics, anti-retroviral
and anti-hypertensive), with 450** products registered in overseas markets.

Website BSE
  • Market Cap ₹ 407 Cr.
  • Current Price ₹ 868
  • High / Low ₹ 1,249 / 650
  • Stock P/E 26.0
  • Book Value ₹ 259
  • Dividend Yield 0.08 %
  • ROCE 17.5 %
  • ROE 14.9 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has delivered good profit growth of 28.5% CAGR over last 5 years
  • Debtor days have improved from 87.4 to 67.8 days.
  • Company's median sales growth is 23.0% of last 10 years

Cons

  • Company has a low return on equity of 13.8% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.12%

* 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 - Formulations

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
42.38 45.25 54.76 54.23 71.85 48.42 70.32 77.96 79.81 62.05 81.98 87.00 118.03
39.56 43.66 50.68 49.88 66.46 44.55 63.52 70.66 67.55 54.44 72.37 76.48 106.87
Operating Profit 2.82 1.59 4.08 4.35 5.39 3.87 6.80 7.30 12.26 7.61 9.61 10.52 11.16
OPM % 6.65% 3.51% 7.45% 8.02% 7.50% 7.99% 9.67% 9.36% 15.36% 12.26% 11.72% 12.09% 9.46%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 1.29 0.64 1.05 1.25 1.72 1.91 1.86 1.95 3.55 2.61 2.90 3.77 4.37
Depreciation 0.52 0.51 0.52 0.55 0.58 0.65 0.72 0.74 0.70 0.92 0.94 0.99 0.96
Profit before tax 1.01 0.44 2.51 2.55 3.09 1.31 4.22 4.61 8.01 4.08 5.77 5.76 5.83
Tax % 27.72% 27.27% 26.69% 26.67% 25.57% 27.48% 25.12% 25.16% 51.44% 41.18% 31.72% 26.74% 13.38%
0.73 0.33 1.84 1.87 2.30 0.94 3.15 3.46 3.89 2.40 3.94 4.22 5.06
EPS in Rs 1.83 0.83 4.61 4.22 5.19 2.11 7.07 7.66 8.58 5.24 8.41 9.01 10.80
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
15 21 25 42 57 60 97 113 134 222 273 349
14 20 24 38 53 54 87 104 126 208 244 310
Operating Profit 1 1 2 4 3 6 10 8 8 14 29 39
OPM % 9% 7% 7% 9% 6% 10% 11% 7% 6% 6% 11% 11%
0 0 0 1 2 0 0 1 1 2 2 0
Interest 1 1 1 2 2 2 3 4 4 5 10 14
Depreciation 0 1 1 1 1 1 1 2 2 2 3 4
Profit before tax 0 0 1 2 2 3 6 2 3 9 18 21
Tax % 80% 47% 52% 42% 36% 34% 28% 24% 37% 26% 38% 27%
0 0 0 1 1 2 4 2 2 6 11 16
EPS in Rs 0.04 1.02 1.11 4.55 6.08 5.11 11.18 4.76 5.04 14.30 23.85 33.35
Dividend Payout % 0% 0% 0% 13% 10% 12% 6% 14% 14% 5% 3% 0%
Compounded Sales Growth
10 Years: 32%
5 Years: 29%
3 Years: 38%
TTM: 28%
Compounded Profit Growth
10 Years: 52%
5 Years: 28%
3 Years: 98%
TTM: 45%
Stock Price CAGR
10 Years: %
5 Years: 16%
3 Years: 29%
1 Year: 6%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 14%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2 2 2 2 2 3 4 4 4 4 5 5
Reserves 0 0 0 1 2 19 35 37 39 63 84 117
Preference Capital 0 0 0 0 2 0 0 0 0 0 0
5 7 9 16 18 10 19 35 40 53 87 106
7 8 11 24 33 47 47 65 79 66 83 81
Total Liabilities 15 18 23 43 56 79 105 141 162 187 257 308
6 7 8 15 16 16 31 31 30 32 39 47
CWIP 0 0 1 0 4 11 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 1
9 11 14 29 36 52 74 110 131 155 218 260
Total Assets 15 18 23 43 56 79 105 141 162 187 257 308

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 -1 2 3 4 17 1 -11 0 -2 -14 -0
-1 -2 -3 -6 -7 -8 -5 -1 -1 -4 -9 -8
-0 2 1 3 3 -8 4 14 -1 7 25 6
Net Cash Flow 0 -0 0 1 -1 1 0 2 -2 1 1 -2

Ratios

Figures in Rs. Crores

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 47 59 75 98 131 94 67 126 112 148 46 68
Inventory Days 132 107 102 140 68 170 249 227 242 96 264 244
Days Payable 131 152 167 221 224 360 205 208 215 101 104 88
Cash Conversion Cycle 49 14 11 17 -24 -96 110 145 139 144 206 224
Working Capital Days 22 31 20 16 10 42 99 141 144 144 192 190
ROCE % 17% 14% 14% 25% 18% 16% 21% 10% 10% 13% 19%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
52.04% 51.27% 51.27% 51.04% 51.04% 50.34% 50.15% 49.62% 49.31% 49.16% 49.17% 48.92%
7.20% 1.69% 1.69% 1.68% 1.68% 1.66% 1.65% 1.64% 1.60% 1.60% 1.60% 1.59%
40.77% 47.04% 47.04% 47.27% 47.27% 48.00% 48.20% 48.74% 49.08% 49.24% 49.24% 49.49%
No. of Shareholders 3,6813,5733,6203,6903,9014,1384,5214,6256,3136,8377,5076,840

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Feb 2023
    Transcript
    Notes
    PPT
  • Jun 2019
    Transcript
    Notes
    PPT