Parnax Lab Ltd.
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ABOUT
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
- Company is almost debt free
- Company generates healthy free cash flow
CONS
- Recent results are weak - TTM profit is down 54.8% versus prior year
- Receivables are growing faster than sales - a possible quality concern
- A large part of profit comes from other income (38.2% of PBT)
- Company has a low return on equity of 7.8% over last 3 years
- Company has a low return on capital employed of 10.0%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.02x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMA | 1899.00 | 37.67 | 455633.71 | 0.84 | 2901.23 | 26.53 | 15299.88 | 10.98 | 19.11 | 28.81 |
| DIVISLAB | 9100.00 | 82.59 | 241576.41 | 0.33 | 902.00 | 65.50 | 3080.00 | 27.80 | 21.51 | 40.75 |
| TORNTPHARM | 4850.00 | 84.58 | 184478.41 | 0.78 | 566.00 | 3.28 | 4921.00 | 57.32 | 19.27 | 33.81 |
| CIPLA | 1385.00 | 33.19 | 111888.39 | 0.94 | 785.55 | -39.18 | 7119.28 | 4.13 | 16.00 | 16.73 |
| ZYDUSLIFE | 1121.00 | 24.78 | 111820.18 | 0.09 | 990.20 | -34.90 | 8017.00 | 23.97 | 21.39 | 24.54 |
| LAURUSLABS | 1840.00 | 90.93 | 99417.45 | 0.11 | 362.07 | 123.94 | 2026.31 | 29.10 | 18.20 | 31.50 |
| LUPIN | 2111.00 | 17.46 | 96528.82 | 0.85 | 1416.98 | 16.01 | 8276.89 | 34.28 | 28.86 | 29.59 |
| DRREDDY | 1154.00 | 29.89 | 96322.06 | 0.69 | 435.60 | -69.10 | 8099.80 | -5.21 | 13.75 | 10.63 |
| MANKIND | 2328.55 | 47.09 | 96179.61 | 0.04 | 574.09 | 29.12 | 4030.59 | 12.89 | 13.24 | 26.30 |
| AUROPHARMA | 1653.30 | 25.62 | 95127.23 | 0.24 | 1032.03 | 25.22 | 9150.35 | 17.44 | 12.76 | 20.54 |
| GLENMARK | 2427.00 | 38.10 | 68495.93 | 0.10 | 482.83 | 927.88 | 4018.48 | 31.35 | 20.35 | 20.03 |
| PARNAXLAB | 130.85 | 16.82 | 150.29 | 0.00 | 0.42 | -87.02 | 56.80 | 6.41 | 14.71 | 7.59 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 2 | 4 | 2 | 1 | 1 | 2 | 2 | 3 | 0 | 3 | |
| 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 2 | |
| Operating Profit | 0 | 1 | 1 | 0 | 1 | 0 | 0 | -0 | 0 | 0 | 1 | -3 | 1 |
| OPM % | 1.77% | 38.25% | 44.40% | 9.36% | 34.15% | 12.99% | 7.07% | -33.33% | 8.12% | 28.82% | 28.41% | -1204.00% | 24.68% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 0 | 1 | 1 | 0 | 1 | 0 | 0 | -0 | 0 | 1 | 1 | -1 | 1 |
| Tax % | 22.22% | 24.05% | 25.56% | 29.17% | 25.00% | 25.00% | 23.81% | 27.27% | 25.81% | 25.76% | 25.26% | 57.03% | -0.12% |
| Net Profit | 0 | 1 | 1 | 0 | 1 | 0 | 0 | -0 | 0 | 0 | 1 | -1 | 1 |
| 0.06 | 0.52 | 0.86 | 0.15 | 0.91 | 0.24 | 0.14 | -0.07 | 0.20 | 0.43 | 0.62 | -0.48 | 0.74 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 5 | 6 | 6 | 8 | 2 | 7 | 7 | 7 | 7 | 7 | |
| 8 | 5 | 7 | 6 | 7 | 3 | 6 | 6 | 5 | 6 | 8 | |
| Operating Profit | -0 | 0 | -1 | 0 | 1 | -0 | 1 | 2 | 2 | 1 | -1 |
| OPM % | -5.64% | 0.02% | -19.08% | 1.66% | 6.96% | -19.34% | 19.14% | 21.05% | 28.37% | 17.61% | -15.46% |
| 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | -1 | -1 | -2 | -1 | -0 | -1 | 1 | 2 | 2 | 2 | 1 |
| Tax % | 28.85% | 30.54% | 3.09% | -62.75% | -324.66% | 9.68% | 30.56% | 25.96% | 25.48% | 24.94% | -27.32% |
| Net Profit | -1 | -1 | -2 | -1 | -2 | -1 | 1 | 1 | 2 | 1 | 1 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -2.36 | -1.33 | 0.64 | 1.09 | 1.59 | 1.21 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -8%
- 5 Years:
- -2%
- 3 Years:
- -1%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 37%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- -7%
- 5 Years:
- 2%
- 3 Years:
- 8%
- Last Year:
- 6%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 10 | 11 | 11 | 11 |
| 3 | 2 | 0 | -1 | -3 | -4 | 1 | 8 | 10 | 11 | |
| 15 | 10 | 12 | 11 | 11 | 11 | 8 | 0 | 0 | 0 | |
| Trade Payables | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 |
| 1 | 0 | -2 | -1 | -0 | -0 | 2 | 1 | 0 | 1 | |
| Total Liabilities | 28 | 22 | 20 | 18 | 18 | 16 | 22 | 21 | 22 | 25 |
| 7 | 6 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | |
| 11 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |
| Inventories | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Cash & Bank | 0 | 0 | 0 | -1 | 0 | 0 | 4 | 1 | 0 | 1 |
| 10 | 5 | 9 | 7 | 7 | 5 | 7 | 8 | 10 | 11 | |
| Total Assets | 28 | 22 | 20 | 18 | 18 | 16 | 22 | 21 | 22 | 25 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 4 | 0 | 2 | 2 | 0 | -0 | -0 | 0 | 0 | |
| Cash from Investing | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | -0 |
| Cash from Financing | -2 | -4 | -1 | -2 | -2 | -0 | 5 | -3 | -1 | -0 |
| -0 | 0 | -0 | -1 | 1 | -0 | 4 | -3 | -1 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | -1.19 | -0.78 | -2.82 | -0.97 | -2.36 | -1.33 | 0.55 | 1.05 | 1.59 | 1.21 |
| Book Value (₹) | 13.65 | 12.92 | 10.17 | 9.20 | 6.85 | 5.54 | 11.14 | 16.85 | 18.42 | 19.63 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -0.49 | -0.16 | -2.30 | -0.92 | -2.31 | -1.28 | 0.60 | 1.11 | 1.64 | 1.27 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 3.50% | 17.05% | -13.08% | 9.54% | 12.37% | -16.00% | 21.40% | 26.01% | 28.37% | 17.61% |
| Net Margin % | -13.97% | -12.64% | -41.35% | -12.74% | -26.10% | -47.72% | 7.57% | 16.12% | 24.51% | 19.87% |
| ROE % | -8.38% | -5.90% | -24.44% | -10.04% | -29.37% | -21.49% | 6.92% | 7.95% | 9.00% | 6.38% |
| ROCE % | -1.14% | 1.42% | -5.43% | 2.85% | 5.04% | -2.57% | 7.80% | 8.85% | 12.45% | 8.61% |
| -3.34% | -2.68% | -11.36% | -4.35% | -11.32% | -6.68% | 2.79% | 5.58% | 8.51% | 5.95% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 460 | 375 | 233 | 184 | 109 | 192 | 59 | 72 | 41 | 37 |
| Inventory Days | 44 | 20 | 21 | 23 | 14 | 56 | 35 | 33 | 36 | 44 |
| Payable Days | 161 | 73 | 136 | 124 | 81 | 273 | 123 | 83 | 69 | 125 |
| 343 | 322 | 119 | 83 | 41 | -25 | -30 | 22 | 8 | -44 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 1.46x | 1.10x | 1.43x | 1.44x | 1.90x | 2.42x | 0.84x | 0.06x | 0.00x | 0.00x |
| Interest Coverage (x) | -0.31x | 0.28x | -0.94x | 0.53x | 0.66x | -0.51x | 2.11x | 7.53x | 18.35x | 78.74x |
| 1.68x | 0.78x | 1.56x | 1.68x | 0.32x | 0.18x | 0.85x | 3.53x | 7.58x | 6.15x | |
| GROWTH | ||||||||||
| Revenue Growth % | -54.41% | -26.97% | 9.93% | 11.88% | 18.28% | -69.10% | 201.33% | 4.53% | -0.45% | -5.66% |
| Operating Profit Growth % | -44.61% | 254.15% | -184.35% | 181.61% | 53.39% | -139.95% | 502.92% | 27.05% | 36.14% | -26.48% |
| Net Profit Growth % | 15.28% | 34.27% | -259.75% | 65.52% | -142.25% | 43.51% | 147.82% | 122.45% | 51.37% | -23.52% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 51.37% | -23.52% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 81.59x | 88.12x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.03x | 5.45x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 56.05x | 62.52x |
Documents
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Parnax Lab Ltd.
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