Fermenta Biotech Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Chemicals: 98.2% • Properties: 1.8%
AI Sector View
AI GENERATEDHealthcare
This stance relies on proxies and positioning because no direct pharma-export or healthcare operating series exists in the dataset. The depreciated currency at 95.23 (Sep/26) can support export earnings, inflation at 4.45% (Jul/26) is manageable for a defensive sector, and consumer spending remains large at INR 44743 billion (Jun/26). Strong FPI inflow of INR 10620 crore over 3 months to 2026-08-31 from INR -11381 crore in the prior 3 months adds a real sector-specific tailwind, but confidence stays capped because the fundamental drivers are indirect proxies.
PROS
- Promoters have been increasing their shareholding - up 2.0pp over 2 years
- Operating margins have improved to 19.2% from 7.7%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.95x)
- Company generates healthy free cash flow
- Company comfortably covers its interest (8.6x coverage)
- Company has a consistent dividend-paying track record
CONS
- Recent results are weak - TTM profit is down 47.0% versus prior year
- Recurring exceptional / one-off items are inflating headline profit
- Company has delivered a poor sales growth of 6.8% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMA | 1842.00 | 36.54 | 441957.50 | 0.87 | 2901.23 | 26.53 | 15299.88 | 10.98 | 19.11 | 28.81 |
| DIVISLAB | 9326.00 | 84.64 | 247576.00 | 0.32 | 902.00 | 65.50 | 3080.00 | 27.80 | 21.51 | 40.75 |
| TORNTPHARM | 4975.00 | 86.76 | 189233.01 | 0.76 | 566.00 | 3.28 | 4921.00 | 57.32 | 19.27 | 33.81 |
| ZYDUSLIFE | 1119.50 | 24.74 | 111670.55 | 0.09 | 990.20 | -34.90 | 8017.00 | 23.97 | 21.39 | 24.54 |
| CIPLA | 1365.00 | 32.72 | 110272.68 | 0.95 | 785.55 | -39.18 | 7119.28 | 4.13 | 16.00 | 16.73 |
| LAURUSLABS | 1970.35 | 97.37 | 106460.42 | 0.10 | 362.07 | 123.94 | 2026.31 | 29.10 | 18.20 | 31.50 |
| DRREDDY | 1161.00 | 30.07 | 96906.38 | 0.69 | 435.60 | -69.10 | 8099.80 | -5.21 | 13.75 | 10.63 |
| AUROPHARMA | 1675.45 | 25.97 | 96401.69 | 0.24 | 1032.03 | 25.22 | 9150.35 | 17.44 | 12.76 | 20.54 |
| LUPIN | 2096.00 | 17.34 | 95842.92 | 0.86 | 1416.98 | 16.01 | 8276.89 | 34.28 | 28.86 | 29.59 |
| MANKIND | 2277.00 | 46.04 | 94050.37 | 0.04 | 574.09 | 29.12 | 4030.59 | 12.89 | 13.24 | 26.30 |
| GLENMARK | 2416.90 | 37.94 | 68210.88 | 0.10 | 482.83 | 927.88 | 4018.48 | 31.35 | 20.35 | 20.03 |
| FERMENTA | 475.05 | 23.11 | 1398.12 | 0.79 | 9.53 | -55.87 | 121.82 | -10.60 | 21.99 | 14.82 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 82 | 57 | 99 | 97 | 78 | 95 | 156 | 140 | 136 | 130 | 137 | 122 | 122 | |
| 72 | 71 | 74 | 92 | 77 | 76 | 103 | 103 | 108 | 104 | 112 | 102 | 112 | |
| Operating Profit | 11 | -14 | 25 | 5 | 1 | 19 | 53 | 37 | 28 | 27 | 25 | 20 | 10 |
| OPM % | 13.27% | -24.46% | 25.38% | 5.52% | 1.02% | 19.76% | 34.04% | 26.41% | 20.72% | 20.45% | 18.17% | 16.45% | 8.47% |
| 2 | -6 | 3 | 5 | 3 | 3 | 2 | 4 | 9 | 5 | 1 | 14 | 4 | |
| Interest | 5 | 4 | 5 | 3 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
| Profit before Tax | 2 | -29 | 16 | 1 | -6 | 12 | 45 | 32 | 28 | 24 | 17 | 26 | 15 |
| Tax % | 0.00% | -0.00% | 37.83% | 884.62% | -0.00% | 5.92% | 16.43% | -4.19% | 23.10% | 25.12% | 31.24% | 29.03% | 35.12% |
| Net Profit | 0 | 0 | 0 | 0 | -6 | 11 | 38 | 33 | 22 | 18 | 12 | 19 | 10 |
| 0.64 | -9.89 | 3.41 | -2.41 | -2.01 | 3.94 | 12.71 | 11.79 | 7.49 | 6.48 | 4.36 | 3.51 | 3.40 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 164 | 303 | 405 | 293 | 377 | 399 | 350 | 336 | 469 | 525 | 511 | |
| 152 | 212 | 269 | 229 | 295 | 336 | 332 | 308 | 359 | 424 | 429 | |
| Operating Profit | 12 | 91 | 135 | 64 | 83 | 62 | 18 | 28 | 111 | 101 | 82 |
| OPM % | 7.29% | 30.11% | 33.44% | 21.95% | 21.89% | 15.62% | 5.20% | 8.31% | 23.54% | 19.21% | 16.03% |
| 3 | 11 | 27 | 14 | 8 | 8 | -20 | 4 | 12 | 29 | 25 | |
| Interest | 10 | 14 | 21 | 20 | 19 | 18 | 21 | 17 | 15 | 13 | 11 |
| Depreciation | 10 | 12 | 12 | 15 | 20 | 26 | 28 | 25 | 24 | 22 | 21 |
| Profit before Tax | -6 | 76 | 129 | 43 | 52 | 27 | -51 | -10 | 83 | 96 | 82 |
| Tax % | -48.86% | 27.82% | 8.39% | -37.08% | 17.63% | 44.10% | -3.56% | -143.18% | 8.18% | 26.71% | 29.44% |
| Net Profit | -8 | 55 | 118 | 60 | 43 | 15 | -53 | -24 | 76 | 70 | 58 |
| EPS | -49.82 | 36.75 | 0.00 | 0.00 | 15.69 | 5.33 | -17.70 | -7.99 | 26.35 | 25.03 | — |
| Dividend Payout % | -5.02% | 1.70% | 0.98% | 24.23% | 15.85% | 23.34% | -7.06% | -15.65% | 9.49% | 14.98% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 13%
- 5 Years:
- 7%
- 3 Years:
- 15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 10%
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 16%
- 5 Years:
- 4%
- 3 Years:
- 11%
- Last Year:
- 18%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 5 | 14 | 14 | 14 | 14 | 14 | 15 | 14 |
| Minority Interest | 28 | 11 | 0 | 0 | -0 | -1 | -3 | -4 | -4 | -6 |
| 142 | 122 | 245 | 289 | 334 | 343 | 288 | 262 | 348 | 389 | |
| 90 | 178 | 212 | 224 | 232 | 244 | 244 | 151 | 118 | 119 | |
| Trade Payables | 27 | 40 | 43 | 56 | 62 | 65 | 46 | 65 | 77 | 77 |
| 16 | 31 | 28 | -8 | 80 | 88 | 51 | 68 | 80 | 36 | |
| Total Liabilities | 307 | 385 | 532 | 576 | 722 | 753 | 640 | 556 | 633 | 630 |
| 90 | 97 | 104 | 129 | 263 | 231 | 238 | 263 | 223 | 217 | |
| Capital Work in Progress | 4 | 3 | 21 | 67 | 53 | 30 | 42 | 2 | 16 | 13 |
| 9 | 2 | 76 | 72 | 0 | 0 | 3 | 0 | 0 | 0 | |
| 39 | 51 | 88 | 129 | 162 | 159 | 130 | 87 | 124 | 153 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70 | 95 | 112 | |
| Cash & Bank | 2 | 33 | 91 | 33 | 45 | 34 | 58 | 60 | 72 | 41 |
| 163 | 199 | 153 | 146 | 199 | 299 | 168 | 74 | 103 | 94 | |
| Total Assets | 307 | 385 | 532 | 576 | 722 | 753 | 640 | 556 | 633 | 630 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 78 | 123 | 48 | 76 | 53 | 113 | 105 | 41 | 93 | |
| Cash from Investing | 7 | -101 | -97 | -44 | -42 | -26 | -55 | -15 | -0 | -43 |
| Cash from Financing | -12 | 89 | 12 | -47 | -1 | -22 | -41 | -91 | -51 | -42 |
| -4 | 47 | 6 | -57 | 20 | -4 | 19 | -1 | -10 | 8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - Fermenta Biotech Limited has informed the Exchange about Press Release regarding exclusive Licence Agreement with Vellore Institute of Technology ( VIT ), Vellore for Vitamin B12 Fortification Technology.
2026-09-04 - Fermenta Biotech Limited has informed the Exchange regarding Resubmission of the outcome filed on August 11, 2026, in machine readable format, in response to the e-mail received dated September 03, 2026.
2026-08-27 - Fermenta Biotech Limited has informed the Exchange about Schedule of investor(s) meeting(s) to held on September 03 2026.
2026-08-26 - Fermenta Biotech Limited has informed the Exchange about Copy of Newspaper Publication pertaining to notice for Special Window for Transfer and Dematerialisation of Physical Securities.
2026-08-17 - Fermenta Biotech Limited has informed the Exchange about Schedule of investor(s) meeting to be held on August 21, 2026.
2026-08-17 - Fermenta Biotech Limited has informed the Exchange about Revision in Credit Rating.
2026-08-12 - Fermenta Biotech Limited has informed the Exchange about Copy of Newspaper Publication pertaining to unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.
2026-08-11 - Fermenta Biotech Limited has informed the Exchange about Declaration of Voting Results of the 74th Annual General Meeting.
2026-08-11 - Fermenta Biotech Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 11, 2026. Further, the company has informed the Exchange regarding voting results.
News
Recent coverage and analyst commentary for FERMENTA
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Fermenta Biotech Ltd.
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