TickerSutra

NSE: FDC · BSE: 531599 · ISIN INE258B01022

FDC Limited stock analysis

FDC Limited ranks #2530 in the TickerSutra evidence-ranked universe with a score of 46/100 and 95% data confidence. The latest captured fundamentals show ROCE of 15.3%, quarterly sales growth of 3.0% and quarterly profit growth of 9.2%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE46/100

Avoid / exit review

#2530 of 5,430 ranked equities
Market capitalisation₹5,625.85cr
ROCE15.3%
Quarterly sales growth3.0%
Quarterly profit growth9.2%
P/E ratio18.3×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.01×
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • CFO/EBITDA is below 0.6×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹1,525cr₹254cr₹216cr17.0%
2023₹1,784cr₹251cr₹194cr14.0%
2024₹1,943cr₹339cr₹305cr17.0%
2025₹2,108cr₹325cr₹267cr15.0%
2026₹2,171cr₹346cr₹281cr16.0%
TTM₹2,190cr₹335cr₹293cr15.0%
Debt / equity0.01×
CFO / EBITDA0.58×
Operating margin15.0%
Free cash flow₹40cr
Sales CAGR · 3Y6.8%
Profit CAGR · 3Y13.1%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts4 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Export market updatesHigh severity · 10 mentions
Constructive

Internationally, we expanded our presence across strategic markets by strengthening customer partnerships, broadening product registrations and maintaining an unwavering focus on quality and regulatory excellence. Enhanced supply chain resilience and operational efficiencies further supported renewed momentum in the United States, while our business in South Africa continued to perform strongly, reflecting the increa

Product approvalsHigh severity · 4 mentions
Positive catalyst

Our Portfolio continued to make steady progress, supported by increasing market penetration, focused brand-building initiatives and a consistent emphasis on meeting evolving healthcare needs. Internationally, we expanded our presence across strategic markets by strengthening customer partnerships, broadening product registrations and maintaining an unwavering focus on quality and regulatory excellence. Enhanced suppl

Capacity expansion plansHigh severity · 5 mentions
Positive catalyst

Acceptability New business models are expected to strengthen penetration into Tier-2 and Tier-3 cities, expanding healthcare and pharmaceutical access across emerging markets. In FY26, India’s private hospitals are expected to add more than 4,000 beds with an estimated investment of H 11,500 crore (US$ 1.34 billion), continuing the strong capacity expansion momentum seen in the previous fiscal year. India’s generic m

Regulatory updatesModerate severity · 71 mentions
Constructive

Our Portfolio continued to make steady progress, supported by increasing market penetration, focused brand-building initiatives and a consistent emphasis on meeting evolving healthcare needs. Internationally, we expanded our presence across strategic markets by strengthening customer partnerships, broadening product registrations and maintaining an unwavering focus on quality and regulatory excellence. Enhanced suppl

Niche productsModerate severity · 3 mentions
Positive catalyst

There is a constant thrust to address patient needs and efforts to develop products for their treatment. The team has successfully developed and transferred challenging, technology intensive complex products from the laboratory to the commercial level. R&D team is very competent with members having high academic credentials such as PhD and Mpharm and having research experience of 20 + years from different pharma comp

Regulatory approvalModerate severity · 16 mentions
Positive catalyst

Regulatory Filings and Pipeline During the year under review, your Company successfully completed 2 product filings in Mexico, a market that represents a significant opportunity for your Company's pharmaceutical portfolio. The Company has applied for regulatory approvals for these products and, subject to receipt of such approvals from the relevant Mexican authorities, your Company will commence commercial sales in M

Pricing pressureModerate severity · 1 mention
Risk easing

UK Market FDC International Limited (" FDCIL"), your Company's wholly owned subsidiary incorporated in the United Kingdom, continued to maintain its market presence during the year under review, achieving sales of H 1,882.83 lakhs. The UK market operated in a challenging environment characterised by intensified competitive pricing pressures and delayed batch releases, which resulted in a marginal dip in sales as comp

Backward integrationLow severity · 1 mention
Positive catalyst

This centre has developed and demonstrated expertise in synthetic organic chemistry, process scale up and technical capabilities of multistep organic synthesis, supported by Analytical Development using various hyphenated instruments like HPLC, Preparative HPLC,Flash chromatography, GC, UPLC,TGA,LCMS, GCMS and XRD. The work initiatives on life cycle management of existing drug substances focuses on cost effectiveness

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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