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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of FDC Ltd

About the Company - FDC Ltd

FDC Ltd. is a Public Limited Listed company incorporated on 23/09/1940 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24239MH1940PLC003176 and registration number is 003176. Currently Company is involved in the business activities of Manufacture of allopathic pharmaceutical preparations. Company’s Total Operating Revenue is Rs. 1518.97 Cr. and Equity Capital is Rs. 16.88 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
PharmaceuticalsB-8, MIDC Industrial Estate, Waluj, Aurangabad District Maharashtra 431136investors@fdcindia.com
http://www.fdcindia.com
Management
NamePosition Held
Mr. Ramdas A ChandavarkarChairman Emeritus
CA. Uday Kumar GurkarChairman & Ind.Director
Mr. Mohan A ChandavarkarManaging Director
Mr. Nandan M ChandavarkarJoint Managing Director
Mr. Ameya A ChandavarkarExecutive Director & CEO
Mr. Ashok A ChandavarkarExecutive Director
Ms. Nomita R ChandavarkarNon Exe.Non Ind.Director
CA. Swati S MayekarIndependent Director
Mr. Melarkode Ganesan ParameswaranIndependent Director
Ms. Usha Athreya ChandrasekharIndependent Director
Dr. Mahesh BijlaniIndependent Director
CA. Vijay ManiarIndependent Director
CA. Vijay Nautamlal BhattIndependent Director

Basic Stock Data of FDC Ltd

Last Updated: May 30, 2024, 6:09 am

Market Cap 7,747 Cr.
Current Price 475
High / Low491/283
Stock P/E26.8
Book Value 121
Dividend Yield0.00 %
ROCE12.8 %
ROE9.63 %
Face Value 1.00
PEG Ratio17.46

FDC Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales340313447398342341495445409435536486458
Expenses266262332326294322417378360386414410374
Operating Profit7452115714819786749491227684
OPM %22%16%26%18%14%6%16%15%12%11%23%16%18%
Other Income3513233013101913187292725
Interest1111111111111
Depreciation910109999101010101010
Profit before tax9954128915119876957451419398
Tax %24%13%24%21%30%45%19%25%28%32%22%25%19%
Net Profit754798723610715241311107079
EPS in Rs4.462.785.804.292.110.624.263.122.461.856.624.294.87

Last Updated: May 11, 2024, 12:17 pm

FDC Ltd Quarterly Chart

FDC Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7107728458889941,0131,0741,0891,3411,3311,5251,7811,867
Expenses5455916386907657698418601,0389971,2711,5301,570
Operating Profit165181207199229243233229304334254251297
OPM %23%23%24%22%23%24%22%21%23%25%17%14%16%
Other Income27463946394445425795765082
Interest1232111133344
Depreciation18282539343535333738373939
Profit before tax172198218204232252241237320388289258335
Tax %22%22%38%27%27%25%28%28%25%22%25%25%
Net Profit134155135148169189174170240301216194251
EPS in Rs7.338.497.618.339.4810.609.959.7414.0317.8512.8211.7015.14
Dividend Payout %27%26%30%27%24%21%0%0%6%0%0%0%

FDC Ltd Profit & Loss Yearly Chart

FDC Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:11%
3 Years:10%
TTM:13%
Compounded Profit Growth
10 Years:3%
5 Years:1%
3 Years:-7%
TTM:67%
Stock Price CAGR
10 Years:13%
5 Years:21%
3 Years:12%
1 Year:51%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:13%
Last Year:10%

Last Updated: May 2, 2024, 6:48 pm

FDC Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital18181818181818181717171716
Reserves6777668279191,0651,2521,2591,4281,5301,7171,9401,9651,956
Borrowings433211111515322825
Other Liabilities163179211210182197228194250207281333345
Total Liabilities8639661,0591,1481,2661,4681,5051,6401,8131,9562,2702,3432,342
Fixed Assets293289284393675678674682674689705699693
CWIP117182920613122419105198224
Investments340416417489325491471585665790886806731
Other Assets219254340237246293348360451458575640695
Total Assets8639661,0591,1481,2661,4681,5051,6401,8131,9562,2702,3432,342

FDC Ltd Reserves and Borrowings Chart

FDC Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 144150150128174154150112250207162155
Cash from Investing Activity -108-107-55-89-73-14421-121-98-77-14511
Cash from Financing Activity -58-63-75-48-970-169-0-142-129-10-180
Net Cash Flow-22-2019-94111-81017-14

FDC Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days222026252327282934302025
Inventory Days132117116132134148166184180189210183
Days Payable74729094848110182101689499
Cash Conversion Cycle79665164729493131113152135109
Working Capital Days25242112123294541504749
ROCE %25%23%25%21%22%21%19%17%21%22%15%13%

FDC Ltd Financial Efficiency Indicators Chart

FDC Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters69.35%69.35%69.35%69.36%69.36%69.50%69.49%69.49%69.49%69.49%69.66%69.66%
FIIs5.71%4.76%4.51%4.47%4.52%4.34%3.99%3.77%3.80%2.06%2.42%2.43%
DIIs4.02%4.48%4.65%5.46%5.86%6.07%6.77%7.76%8.27%9.13%8.12%7.76%
Public20.92%21.40%21.48%20.72%20.27%20.09%19.75%18.98%18.44%19.32%19.80%20.15%
No. of Shareholders40,32949,33549,88953,58286,50365,31863,17259,87157,01256,71756,92855,341

FDC Ltd Shareholding Pattern Chart

No. of FDC Ltd Shareholders

FDC Ltd Mutual Fund Holdings

FDC Ltd ROCE Trend

FDC Ltd EPS Trend

FDC Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)11.6612.8117.7213.949.74
Diluted EPS (Rs.)11.6612.8117.7213.949.74
Cash EPS (Rs.)14.0315.0120.0816.2811.71
Book Value[Excl.RevalReserv]/Share (Rs.)119.43115.89102.7290.5182.50
Book Value[Incl.RevalReserv]/Share (Rs.)119.43115.89102.7290.5182.50
Revenue From Operations / Share (Rs.)107.5190.5178.9878.6262.26
PBDIT / Share (Rs.)18.1319.5425.5421.1615.67
PBIT / Share (Rs.)15.7917.3323.3018.9713.77
PBT / Share (Rs.)15.5417.1422.9718.7713.62
Net Profit / Share (Rs.)11.6812.8117.8414.099.81
NP After MI And SOA / Share (Rs.)11.7012.8217.8514.039.69
PBDIT Margin (%)16.8621.5832.3326.9125.16
PBIT Margin (%)14.6819.1429.4924.1322.11
PBT Margin (%)14.4518.9429.0823.8721.88
Net Profit Margin (%)10.8614.1422.5917.9215.75
NP After MI And SOA Margin (%)10.8714.1622.6017.8415.56
Return on Networth / Equity (%)9.7811.0517.3715.5011.74
Return on Capital Employeed (%)12.8914.6322.4420.7016.51
Return On Assets (%)8.289.5315.4013.2310.35
Asset Turnover Ratio (%)0.770.720.700.770.68
Current Ratio (X)3.303.674.583.764.13
Quick Ratio (X)2.242.563.522.913.16
Inventory Turnover Ratio (X)1.851.751.641.771.80
Dividend Payout Ratio (NP) (%)0.000.000.005.710.00
Dividend Payout Ratio (CP) (%)0.000.000.004.940.00
Earning Retention Ratio (%)0.000.000.0094.290.00
Cash Earning Retention Ratio (%)0.000.000.0095.060.00
Interest Coverage Ratio (X)73.60106.74125.53105.92190.84
Interest Coverage Ratio (Post Tax) (X)48.4270.9789.3271.51121.25
Enterprise Value (Cr.)4231.474298.404791.753318.242913.65
EV / Net Operating Revenue (X)2.372.813.592.472.67
EV / EBITDA (X)14.0713.0311.129.1710.62
MarketCap / Net Operating Revenue (X)2.392.843.622.492.69
Retention Ratios (%)0.000.000.0094.280.00
Price / BV (X)2.152.222.782.172.03
Price / Net Operating Revenue (X)2.392.843.622.492.69
EarningsYield0.040.040.060.070.05

FDC Ltd Profitability Ratios (%)

FDC Ltd Liquidity Ratios

FDC Ltd Liquidity Ratios (%)

FDC Ltd Interest Coverage Ratios (%)

FDC Ltd Valuation Ratios

Fair Value

Fair Value: ₹318.53

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 32.94% compared to the current price ₹475

Intrinsic Value: ₹323.42

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 31.91% compared to the current price ₹475

Last 5 Year EPS CAGR: 1.53%

*Investments are subject to market risks

Strength and Weakness of FDC Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 20.33%, which is a positive sign.
  2. The company has higher reserves (1,330.85 cr) compared to borrowings (10.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (324.38 cr) and profit (257.23 cr) over the years.
  1. The stock has a high average Working Capital Days of 30.58, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 96.58, which may not be favorable.

FAQ

What is the latest fair value of FDC Ltd?

The latest fair value of FDC Ltd is ₹318.53.

What is the Market Cap of FDC Ltd?

The Market Cap of FDC Ltd is 7,747 Cr..

What is the current Stock Price of FDC Ltd as on 30 May 2024?

The current stock price of FDC Ltd as on 30 May 2024 is ₹475.

What is the High / Low of FDC Ltd stocks in FY 2024?

In FY 2024, the High / Low of FDC Ltd stocks is 491/283.

What is the Stock P/E of FDC Ltd?

The Stock P/E of FDC Ltd is 26.8.

What is the Book Value of FDC Ltd?

The Book Value of FDC Ltd is 121.

What is the Dividend Yield of FDC Ltd?

The Dividend Yield of FDC Ltd is 0.00 %.

What is the ROCE of FDC Ltd?

The ROCE of FDC Ltd is 12.8 %.

What is the ROE of FDC Ltd?

The ROE of FDC Ltd is 9.63 %.

What is the Face Value of FDC Ltd?

The Face Value of FDC Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in FDC Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE