FDC share price & results
- Jun 2026
- Sept 2026
Mumbai pharma maker of branded generics (Electral, Zifi, Enerzal), APIs, sold across 50+ countries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 668 | +3.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 21.0 | −1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 132 | +9.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 12.84 | −0.4 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 1.84 | −8.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 3.45 | −5.5 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −19.5% 1Y
1Y: ₹430.25 on 24 Oct 2025 → ₹346.45. High ₹460.65 (31 Oct 2025), low ₹321.1 (27 Mar 2026).
- Previous close
- ₹338.7
- Market cap
- ₹5.8k Cr
- 52-week range
- ₹321.1 – ₹460.65
- One year
- −19.74%
- Price to earnings (TTM to Jun 2026)
- 18.86×
- Return on equity (TTM to Jun 2026)
- 12.84%
Overview
- Symbol
- NSE:FDC
- Sector
- Healthcare
- Exchange
- NSE
- Currency
- INR
What FDC Limited does
Based on the company's own presentations, annual report and earnings calls.
FDC Limited is an India-based pharmaceutical company that develops, manufactures and markets branded generic formulations, active pharmaceutical ingredients (APIs) and nutraceuticals. Its domestic portfolio spans anti-infectives, gastrointestinal, ophthalmic, cardiovascular, anti-diabetic, dermatology, paediatric and vitamin/mineral/nutraceutical therapy areas, sold through its own field force to doctors and pharmacies. It also manufactures APIs in-house to backward-integrate its formulation business, and exports formulations and APIs to markets across Europe, Africa, the Middle East and Asia-Pacific, with a separate US-focused generics filing pipeline.
Segments
- Domestic Formulations
- Export/International Formulations
- API
- Manufacturing facilities
- 7 plants across India (6 formulation + 1 API)
- Manufacturing locations
- Roha (API), Waluj, Goa I, Goa II, Goa III, Sinnar, Baddi
- Countries served
- 50+ countries across Europe, Africa, APAC and the Middle East
- Products registered internationally
- 401 products registered across 51 countries
- Domestic field force
- ~4,800-strong field force calling on doctors
- In-house R&D centres
- 2 (Jogeshwari and Kandivali, Mumbai)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +9% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 514 | 464 | 492 | 648 | 473 | 465 | 585 | 668 |
| Expenses | 444 | 417 | 438 | 508 | 439 | 412 | 478 | 525 |
| Operating profit | 70 | 47 | 54 | 140 | 34 | 52 | 106 | 143 |
| Operating margin | 14.0% | 10.0% | 11.0% | 22.0% | 7.0% | 11.0% | 18.0% | 21.0% |
| Other income | 35 | 19 | 16 | 36 | 21 | 0 | 50 | 48 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 14 | 13 | 16 | 15 | 15 | 15 | 14 | 15 |
| Profit before tax | 90 | 51 | 53 | 160 | 38 | 36 | 140 | 175 |
| Tax rate | 20.0% | 28.0% | 27.0% | 24.0% | 26.0% | 22.0% | 26.0% | 24.0% |
| Net profit | 72 | 37 | 39 | 121 | 28 | 28 | 103 | 132 |
| EPS (₹ per share) | 4.42 | 2.28 | 2.38 | 7.45 | 1.74 | 1.74 | 6.35 | 8.14 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,784 | 1,942 | 2,108 | 2,171 |
| Expenses | 1,541 | 1,604 | 1,791 | 1,837 |
| Operating profit | 243 | 338 | 318 | 332 |
| Other income | 57 | 101 | 98 | 107 |
| Interest | 4 | 4 | 4 | 5 |
| Depreciation | 39 | 40 | 54 | 59 |
| Profit before tax | 258 | 397 | 357 | 374 |
| Net profit | 195 | 305 | 267 | 280 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 17 | 17 | 16 | 16 | 16 | 16 |
| Reserves | 1,940 | 1,965 | 2,081 | 2,265 | 2,415 | 2,469 |
| Borrowings | 32 | 28 | 21 | 21 | 21 | 15 |
| Other liabilities | 281 | 333 | 350 | 412 | 433 | 418 |
| Total liabilities | 2,270 | 2,343 | 2,468 | 2,714 | 2,886 | 2,919 |
| Fixed assets | 705 | 699 | 680 | 852 | 842 | 999 |
| Capital work in progress | 105 | 198 | 261 | 137 | 163 | 96 |
| Investments | 886 | 806 | 843 | 1,028 | 1,007 | 1,048 |
| Other assets | 575 | 640 | 684 | 698 | 874 | 775 |
| Total assets | 2,270 | 2,343 | 2,468 | 2,714 | 2,886 | 2,919 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 207 | 162 | 155 | 221 | 318 | 200 |
| Cash from investing | -77 | -145 | 11 | -17 | -199 | -110 |
| Cash from financing | -129 | -10 | -180 | -202 | -92 | -93 |
| Net cash flow | 1 | 7 | -14 | 2 | 26 | -3 |
| Free cash flow | 148 | 35 | 47 | 151 | 227 | 40 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 30 | 20 | 25 | 22 | 19 | 26 |
| Inventory days | 189 | 210 | 183 | 216 | 186 | 182 |
| Days payable | 68 | 94 | 99 | 103 | 102 | 106 |
| Cash conversion cycle | 152 | 135 | 109 | 135 | 103 | 102 |
| Working capital days | 48 | 45 | 48 | 53 | 33 | 41 |
| Return on capital employed | 22.0% | 15.0% | 13.0% | 18.0% | 16.0% | 15.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 31.0% | 29.0% |
What the price assumes
FairTo justify its price of ₹346, this stock must grow earnings at 15% every year for 7 years. Our analysis caps realistic growth at ~14%. At that growth it is worth ₹320 — downside of 8%.
- Growth the price implies
- 15.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 12.8% a year
- net profit, FY23–FY26 · EPS 13.9%
- The gap
- 0.0 pp
- -8% downside if it only repeats history
Ownership
Who owns it
Promoters hold 69.65% as of Sept 2026; institutions added 0.45 pts since Jun 2026.
- Promoters 69.65%
- Foreign institutions 1.57%
- Domestic institutions 6.59%
- Public 22.17%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 9.17% held
- Mutual fund +0.11 pp 2.91% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of FDC Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 22.67% | unchanged | |
| 12.45% | unchanged | |
| 12.45% | unchanged | |
| 9.17% | newly disclosed | |
| 6.80% | unchanged | |
| 6.10% | unchanged | |
| Mutual fund | 2.91% | +0.11 pp |
| Mutual fund | 2.63% | unchanged |
| 0.01% | unchanged | |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in FDC
Filings to Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹145 Cr
- 1 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹145 Cr · 0.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹145 Cr | held | Sep '12 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +84%
- vs est. average cost
- Held by funds
- ₹145 Cr
- 1 schemes · ≈ 2.6% of the company
Shares held by these funds −1%
Oct '23 42.75 L shares Sep '26
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