- Valuation
- ₹5,688 Cr

About FDC Limited
Data last updated:
FDC Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 23 September 1940 and has been in existence for over 86 years.
Its director Mohan Anand Chandavarkar and family are #1,374 among India's richest people (2026). Its director Ashok Anand Chandavarkar and family are #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24239MH1940PLC003176. The company has 2 GST registrations on record, none of which is active. It is a listed company as per MCA records. Its shares are listed on BSE: 531599 and NSE: FDC.
The company has an authorised share capital of ₹29.45 Cr and a paid-up capital of ₹16.28 Cr. It was formerly known as Fairdeal Corporation Private Limited and The Fairdeal Corporation Pvt Ltd. It is led by directors including Mohan Chandavarkar Anand (Managing Director) and Nandan Mohan Chandavarkar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,170.93 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹267.72 Cr (net margin 12.3%) and EBITDA of ₹325.31 Cr (EBITDA margin 15%). The net worth stands at ₹2,485.11 Cr (up 8.9% YoY). Total assets are valued at ₹2,529.04 Cr (up 8.2% YoY).
The company has about 6,548 employees on its provident fund (EPFO) records.
The company is associated with 5 brands: Pixel Eye Care, Enerzal, FDC Limited, ZiFi and Zifi. As per MCA filings, the company has satisfied charges of ₹7.43 Cr on record. Court records list 333 cases involving the company, including 200 filed by the company and 133 filed against it; 58 cases are pending. The company has 29 deals on record (18 secondary share transfers, 9 market trades, 2 buybacks); the latest was in September 2024. Its 5 peer companies in the Pharma industry (Formulations), with the same principal business activity (manufacture of basic pharmaceutical products and pharmaceutical preparations) are compared by revenue, 2 larger and 3 smaller; the largest is Pfizer Limited with revenue of ₹2,453.6 Cr. The company has 16 MSME Form 1 returns on record between 2017 and 2022, listing 1,308 overdue payments to 330 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fdcindia.com.
Company details
Name history
FDC has undergone 2 name changes throughout its history. The company was previously known as Fairdeal Corporation Private Limited, and The Fairdeal Corporation Pvt Ltd. The current legal name is Fdc Limited.
| Company Name | Status |
|---|---|
| FDC Limited | Current |
| Fairdeal Corporation Private Limited | Previous |
| The Fairdeal Corporation Pvt Ltd | Previous |
CIN history
FDC has one previous CIN (Corporate Identification Number): U24239MH1940PLC003176. The current CIN is L24239MH1940PLC003176, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24239MH1940PLC003176 | Current |
| U24239MH1940PLC003176 | Previous |
Recognitions & Rankings of FDC
- #1,374 Mohan Anand Chandavarkar & family ₹1,600 Cr
- #1,750 Ashok Anand Chandavarkar & family ₹1,000 Cr
Contact details
FDC Limited's registered office is in Mumbai, Maharashtra. Its website is fdcindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFdc House C – 11 & 12 Dalia Industrial Estate, Oshiwara Village Off New Link Road Andheri (West), Mumbai, Maharashtra, India – 400053
- IndustryPharma, Drug Formulation & Development
To see the full contact details of FDC Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
FDC operates multiple associated brands including Pixel Eye Care, Enerzal, and FDC Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers a comprehensive app for telemedicine services with ophthalmologists. | pixeleyecare.com | |
| Provides powdered and liquid energy drinks to refuel, replenish, and rehydrate users. | enerzal.com | |
| Pharmaceuticals and consumer healthcare products are manufactured and exported. | fdcindia.com | |
| Accounting, invoicing, and banking solutions for individuals and businesses | zifi.com | |
| Therapeutics for bacterial infections are developed by Zifi. | zifi.co.in |
Business activity
The main business activity of FDC is manufacturing. In detail, this covers manufacture of basic pharmaceutical products and pharmaceutical preparations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 21 | Manufacture of basic pharmaceutical products and pharmaceutical preparations |
To see the full business activity and turnover split of FDC Limited, buy the company report.
Financials of FDC Limited
FY 2025-26 filings availableFDC Limited reported revenue of ₹2,170.93 Cr (up 3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,171 | 2,108 | 1,943 | 1,784 | 1,528 | 1,333 | 1,344 |
| Revenue growth | +3.0% | +8.5% | +8.9% | +16.7% | +14.6% | -0.8% | - |
| EBITDA | 325 | 325 | 339 | 251 | 254 | 332 | 292 |
| EBITDA margin | +15.0% | +15.4% | +17.4% | +14.1% | +16.6% | +24.9% | +21.7% |
| Profit before tax | 375 | 357 | 396 | 258 | 289 | 388 | 320 |
| Net profit | 268 | 254 | 289 | 190 | 211 | 284 | 236 |
| Net profit margin | +12.3% | +12.0% | +14.9% | +10.6% | +13.8% | +21.3% | +17.5% |
| EPS (₹) | 17.29 | 16.39 | 18.75 | 11.70 | 12.82 | 17.85 | 14.03 |
| Balance sheet | |||||||
| Total assets | 2,529 | 2,338 | 2,148 | 2,028 | 1,989 | 1,749 | 1,563 |
| Net worth | 2,485 | 2,281 | 2,097 | 1,982 | 1,957 | 1,734 | 1,547 |
| Total debt | 15.47 | 21.17 | 20.52 | 28.32 | 32.20 | 14.54 | 15.08 |
| Cash & bank | 50.00 | 52.77 | 26.29 | 24.94 | 38.66 | 31.58 | 32.32 |
| Net working capital | 301 | 251 | 314 | 266 | 234 | 212 | 184 |
| Cash flow | |||||||
| Cash from operations | 200 | 318 | 221 | 155 | 162 | 207 | 250 |
| Cash from investing | (110) | (199) | (17.08) | 11.20 | (145) | (77.18) | (98.42) |
| Cash from financing | (93.33) | (92.12) | (202) | (180) | (9.84) | (129) | (142) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 572 | 668 | 585 | 465 | 473 | 648 | 492 | 464 |
| Revenue growth (YoY) | +21.0% | +3.0% | +18.9% | +0.1% | -7.9% | +1.6% | - | - |
| Other income | 17.94 | 47.66 | 49.89 | 20.80 | 20.63 | 35.50 | 16.08 | 18.83 |
| EBITDA | 64.29 | 143 | 106 | 31.49 | 33.81 | 140 | 53.98 | 46.65 |
| EBITDA margin | +11.2% | +21.4% | +18.2% | +6.8% | +7.1% | +21.6% | +11.0% | +10.1% |
| Depreciation | 15.98 | 15.13 | 14.35 | 14.78 | 15.20 | 14.91 | 15.56 | 13.36 |
| Interest | 0.84 | 0.83 | 1.55 | 1.12 | 1.15 | 1.17 | 1.19 | 0.95 |
| Profit before tax | 65.41 | 175 | 140 | 36.39 | 38.09 | 160 | 53.31 | 51.17 |
| Tax | 16.35 | 42.21 | 36.96 | 8.08 | 9.72 | 38.42 | 14.63 | 14.14 |
| Net profit | 49.06 | 132 | 103 | 28.31 | 28.37 | 121 | 38.68 | 37.03 |
| EPS (₹) | 3.01 | 8.14 | 6.35 | 1.74 | 1.75 | 7.45 | 2.38 | 2.28 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,126 | 2,070 | 1,916 | 1,777 | 1,519 | 1,325 | 1,331 |
| Revenue growth | +2.7% | +8.0% | +7.8% | +17.0% | +14.6% | -0.4% | - |
| EBITDA | 331 | 320 | 338 | 255 | 247 | 324 | 284 |
| EBITDA margin | +15.6% | +15.5% | +17.7% | +14.3% | +16.3% | +24.5% | +21.3% |
| Profit before tax | 378 | 368 | 398 | 266 | 285 | 380 | 325 |
| Net profit | 272 | 261 | 291 | 197 | 214 | 275 | 242 |
| Net profit margin | +12.8% | +12.6% | +15.2% | +11.1% | +14.1% | +20.8% | +18.2% |
| EPS (₹) | 17.56 | 16.81 | 18.87 | 12.11 | 13.01 | 17.45 | 14.43 |
| Balance sheet | |||||||
| Total assets | 2,537 | 2,344 | 2,148 | 2,026 | 1,980 | 1,737 | 1,557 |
| Net worth | 2,493 | 2,287 | 2,097 | 1,981 | 1,949 | 1,722 | 1,542 |
| Total debt | 15.47 | 21.06 | 20.27 | 27.67 | 31.43 | 14.04 | 15.08 |
| Cash & bank | 38.78 | 40.97 | 21.65 | 20.80 | 32.06 | 26.86 | 28.96 |
| Net working capital | 287 | 237 | 305 | 263 | 224 | 205 | 182 |
| Cash flow | |||||||
| Cash from operations | 200 | 310 | 221 | 165 | 162 | 210 | 239 |
| Cash from investing | (109) | (199) | (17.75) | 3.73 | (147) | (84.15) | (84.89) |
| Cash from financing | (93.15) | (92.10) | (202) | (180) | (9.70) | (126) | (142) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 553 | 655 | 564 | 458 | 462 | 642 | 482 | 459 |
| Revenue growth (YoY) | +19.7% | +2.0% | +17.1% | -0.2% | -8.6% | +2.9% | - | - |
| Other income | 18.62 | 47.34 | 47.17 | 22.07 | 20.91 | 35.59 | 31.43 | 18.64 |
| Total expenses | 491 | 512 | 453 | 429 | 427 | 501 | 429 | 413 |
| EBITDA | 61.69 | 143 | 112 | 28.82 | 34.90 | 141 | 52.82 | 45.94 |
| EBITDA margin | +11.2% | +21.8% | +19.8% | +6.3% | +7.6% | +22.0% | +11.0% | +10.0% |
| Depreciation | 15.95 | 15.09 | 14.31 | 14.75 | 15.17 | 14.87 | 15.53 | 13.32 |
| Interest | 0.83 | 0.82 | 1.50 | 1.12 | 1.15 | 1.16 | 1.18 | 0.94 |
| Profit before tax | 63.53 | 174 | 143 | 35.02 | 39.49 | 161 | 67.54 | 50.32 |
| Tax | 15.84 | 42.25 | 35.89 | 7.83 | 10.01 | 38.69 | 19.33 | 13.87 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 572 | 668 | 585 | 465 | 473 | 648 | 492 | 464 |
| Revenue growth (YoY) | +21.0% | +3.0% | +18.9% | +0.1% | -7.9% | +1.6% | - | - |
| Other income | 17.94 | 47.66 | 49.89 | 20.80 | 20.63 | 35.50 | 16.08 | 18.83 |
| EBITDA | 64.29 | 143 | 106 | 31.49 | 33.81 | 140 | 53.98 | 46.65 |
| EBITDA margin | +11.2% | +21.4% | +18.2% | +6.8% | +7.1% | +21.6% | +11.0% | +10.1% |
| Depreciation | 15.98 | 15.13 | 14.35 | 14.78 | 15.20 | 14.91 | 15.56 | 13.36 |
| Interest | 0.84 | 0.83 | 1.55 | 1.12 | 1.15 | 1.17 | 1.19 | 0.95 |
| Profit before tax | 65.41 | 175 | 140 | 36.39 | 38.09 | 160 | 53.31 | 51.17 |
| Tax | 16.35 | 42.21 | 36.96 | 8.08 | 9.72 | 38.42 | 14.63 | 14.14 |
| Net profit | 49.06 | 132 | 103 | 28.31 | 28.37 | 121 | 38.68 | 37.03 |
| EPS (₹) | 3.01 | 8.14 | 6.35 | 1.74 | 1.75 | 7.45 | 2.38 | 2.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,171 | 2,108 | 1,943 | 1,784 | 1,528 | 1,333 | 1,344 |
| Revenue growth | +3.0% | +8.5% | +8.9% | +16.7% | +14.6% | -0.8% | - |
| Other income | 114 | 90.66 | 102 | 49.86 | 76.09 | 97.04 | 68.90 |
| Total expenses | 1,846 | 1,783 | 1,604 | 1,533 | 1,274 | 1,001 | 1,052 |
| Employee cost | 483 | 482 | 413 | 391 | 343 | 296 | 277 |
| EBITDA | 325 | 325 | 339 | 251 | 254 | 332 | 292 |
| EBITDA margin | +15.0% | +15.4% | +17.4% | +14.1% | +16.6% | +24.9% | +21.7% |
| Depreciation | 59.24 | 53.73 | 39.92 | 38.94 | 37.30 | 37.81 | 37.46 |
| Interest | 4.99 | 4.51 | 4.03 | 4.09 | 3.09 | 3.43 | 3.42 |
| Profit before tax | 375 | 357 | 396 | 258 | 289 | 388 | 320 |
| Tax | 93.18 | 90.43 | 91.16 | 63.97 | 73.23 | 86.52 | 80.07 |
| Net profit | 268 | 254 | 289 | 190 | 211 | 284 | 236 |
| Net profit margin | +12.3% | +12.0% | +14.9% | +10.6% | +13.8% | +21.3% | +17.5% |
| EPS (₹) | 17.29 | 16.39 | 18.75 | 11.70 | 12.82 | 17.85 | 14.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.28 | 16.28 | 16.28 | 16.59 | 16.88 | 16.88 | 17.10 |
| Reserves & surplus | 2,469 | 2,265 | 2,081 | 1,965 | 1,940 | 1,717 | 1,530 |
| Shareholders' funds (net worth) | 2,485 | 2,281 | 2,097 | 1,982 | 1,957 | 1,734 | 1,547 |
| Minority interest | 0.00 | 0.00 | 0.00 | (0.64) | (0.43) | (0.17) | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 15.47 | 21.17 | 20.52 | 28.32 | 32.20 | 14.54 | 15.08 |
| Total debt | 15.47 | 21.17 | 20.52 | 28.32 | 32.20 | 14.54 | 15.08 |
| Total liabilities | 2,529 | 2,338 | 2,148 | 2,028 | 1,989 | 1,749 | 1,563 |
| Assets | |||||||
| Gross block | 1,374 | 1,180 | 987 | 973 | 947 | 898 | 845 |
| Net block | 999 | 852 | 680 | 699 | 705 | 689 | 674 |
| Capital work in progress | 96.49 | 137 | 261 | 198 | 105 | 19.21 | 23.85 |
| Investments | 1,048 | 1,028 | 843 | 806 | 886 | 790 | 665 |
| Inventories | 355 | 375 | 389 | 329 | 305 | 215 | 210 |
| Sundry debtors | 152 | 109 | 117 | 123 | 82.17 | 111 | 124 |
| Cash & bank balances | 50.00 | 52.77 | 26.29 | 24.94 | 38.66 | 31.58 | 32.32 |
| Loans & advances | 103 | 67.42 | 83.90 | 93.49 | 73.89 | 51.87 | 58.87 |
| Total current assets | 660 | 604 | 616 | 570 | 499 | 409 | 425 |
| Total current liabilities | 359 | 353 | 303 | 304 | 265 | 196 | 241 |
| Net working capital | 301 | 251 | 314 | 266 | 234 | 212 | 184 |
| Total assets | 2,529 | 2,338 | 2,148 | 2,028 | 1,989 | 1,749 | 1,563 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 51.47 | 25.42 | 23.89 | 37.73 | 30.43 | 29.88 | 19.92 |
| Net cash from operating activities | 200 | 318 | 221 | 155 | 162 | 207 | 250 |
| Net cash from investing activities | (110) | (199) | (17.08) | 11.20 | (145) | (77.18) | (98.42) |
| Net cash from financing activities | (93.33) | (92.12) | (202) | (180) | (9.84) | (129) | (142) |
| Net change in cash | (2.79) | 26.05 | 1.53 | (13.84) | 7.29 | 0.55 | 9.96 |
| Closing cash | 50.00 | 52.77 | 26.29 | 24.94 | 38.66 | 31.58 | 32.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +3.0% | +8.5% | +8.9% | +16.7% | +14.6% | -0.8% | - |
| EBITDA growth | +0.2% | -4.1% | +34.9% | -1.1% | -23.6% | +13.7% | - |
| PBT growth | +4.9% | -9.9% | +53.7% | -10.9% | -25.4% | +21.2% | +35.2% |
| Net income growth | +5.5% | -12.2% | +52.3% | -10.2% | -25.5% | +20.4% | - |
| Revenue CAGR (3Y) | +6.8% | +11.3% | +13.4% | +9.9% | +11.9% | +7.4% | +9.9% |
| EBITDA CAGR (3Y) | +9.0% | +8.6% | +0.7% | -4.9% | +3.6% | +13.6% | +7.1% |
| Profitability & leverage | |||||||
| Net income margin | +13.0% | +12.7% | +15.7% | +10.9% | +14.2% | +22.6% | +17.9% |
| Return on capital employed | +15.6% | +16.1% | +19.2% | +13.0% | +15.7% | +23.6% | +21.5% |
| Return on net worth | +11.8% | +12.2% | +15.0% | +9.8% | +11.7% | +18.4% | +16.0% |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
| Long-term debt / equity | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Interest cover | 1.88 | 1.66 | 1.35 | 1.93 | 1.43 | 1.17 | 1.34 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.70 | 1.95 | 1.98 | 1.86 | 1.66 | 1.53 | 1.62 |
| Inventory turnover | 5.95 | 5.52 | 5.42 | 5.63 | 5.88 | 6.28 | 7.01 |
| Debtors turnover | 16.66 | 18.64 | 16.19 | 17.42 | 15.86 | 11.38 | 12.72 |
| EPS (₹) | 17.29 | 16.39 | 18.75 | 11.70 | 12.82 | 17.85 | 14.03 |
| Dividend per share (₹) | 5.00 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.80 |
| Book value per share (₹) | 152.64 | 140.11 | 128.81 | 119.47 | 115.92 | 102.73 | 90.51 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 553 | 655 | 564 | 458 | 462 | 642 | 482 | 459 |
| Revenue growth (YoY) | +19.7% | +2.0% | +17.1% | -0.2% | -8.6% | +2.9% | - | - |
| Other income | 18.62 | 47.34 | 47.17 | 22.07 | 20.91 | 35.59 | 31.43 | 18.64 |
| Total expenses | 491 | 512 | 453 | 429 | 427 | 501 | 429 | 413 |
| EBITDA | 61.69 | 143 | 112 | 28.82 | 34.90 | 141 | 52.82 | 45.94 |
| EBITDA margin | +11.2% | +21.8% | +19.8% | +6.3% | +7.6% | +22.0% | +11.0% | +10.0% |
| Depreciation | 15.95 | 15.09 | 14.31 | 14.75 | 15.17 | 14.87 | 15.53 | 13.32 |
| Interest | 0.83 | 0.82 | 1.50 | 1.12 | 1.15 | 1.16 | 1.18 | 0.94 |
| Profit before tax | 63.53 | 174 | 143 | 35.02 | 39.49 | 161 | 67.54 | 50.32 |
| Tax | 15.84 | 42.25 | 35.89 | 7.83 | 10.01 | 38.69 | 19.33 | 13.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,126 | 2,070 | 1,916 | 1,777 | 1,519 | 1,325 | 1,331 |
| Revenue growth | +2.7% | +8.0% | +7.8% | +17.0% | +14.6% | -0.4% | - |
| Other income | 111 | 106 | 103 | 53.91 | 78.73 | 97.15 | 82.66 |
| Total expenses | 1,795 | 1,750 | 1,578 | 1,522 | 1,272 | 1,001 | 1,048 |
| Employee cost | 476 | 477 | 409 | 387 | 340 | 294 | 276 |
| EBITDA | 331 | 320 | 338 | 255 | 247 | 324 | 284 |
| EBITDA margin | +15.6% | +15.5% | +17.7% | +14.3% | +16.3% | +24.5% | +21.3% |
| Depreciation | 59.10 | 53.61 | 39.73 | 38.76 | 37.08 | 37.62 | 37.36 |
| Interest | 4.92 | 4.49 | 4.00 | 4.04 | 3.05 | 3.40 | 3.41 |
| Profit before tax | 378 | 368 | 398 | 266 | 285 | 380 | 325 |
| Tax | 92.44 | 94.05 | 90.78 | 64.72 | 65.82 | 85.96 | 78.68 |
| Net profit | 272 | 261 | 291 | 197 | 214 | 275 | 242 |
| Net profit margin | +12.8% | +12.6% | +15.2% | +11.1% | +14.1% | +20.8% | +18.2% |
| EPS (₹) | 17.56 | 16.81 | 18.87 | 12.11 | 13.01 | 17.45 | 14.43 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.28 | 16.28 | 16.28 | 16.59 | 16.88 | 16.88 | 17.10 |
| Reserves & surplus | 2,476 | 2,271 | 2,081 | 1,964 | 1,932 | 1,705 | 1,525 |
| Shareholders' funds (net worth) | 2,493 | 2,287 | 2,097 | 1,981 | 1,949 | 1,722 | 1,542 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 15.47 | 21.06 | 20.27 | 27.67 | 31.43 | 14.04 | 15.08 |
| Total debt | 15.47 | 21.06 | 20.27 | 27.67 | 31.43 | 14.04 | 15.08 |
| Total liabilities | 2,537 | 2,344 | 2,148 | 2,026 | 1,980 | 1,737 | 1,557 |
| Assets | |||||||
| Gross block | 1,369 | 1,176 | 986 | 972 | 942 | 891 | 841 |
| Net block | 994 | 848 | 676 | 695 | 701 | 685 | 670 |
| Capital work in progress | 96.49 | 136 | 261 | 198 | 104 | 19.21 | 23.85 |
| Investments | 1,070 | 1,050 | 850 | 806 | 886 | 790 | 665 |
| Inventories | 344 | 368 | 383 | 323 | 304 | 213 | 209 |
| Sundry debtors | 142 | 104 | 115 | 121 | 79.71 | 108 | 124 |
| Cash & bank balances | 38.78 | 40.97 | 21.65 | 20.80 | 32.06 | 26.86 | 28.96 |
| Loans & advances | 112 | 70.85 | 84.82 | 101 | 72.42 | 51.63 | 58.42 |
| Total current assets | 637 | 583 | 605 | 566 | 488 | 400 | 421 |
| Total current liabilities | 349 | 346 | 300 | 303 | 264 | 195 | 239 |
| Net working capital | 287 | 237 | 305 | 263 | 224 | 205 | 182 |
| Total assets | 2,537 | 2,344 | 2,148 | 2,026 | 1,980 | 1,737 | 1,557 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 39.67 | 20.77 | 19.75 | 31.13 | 25.72 | 26.52 | 14.36 |
| Net cash from operating activities | 200 | 310 | 221 | 165 | 162 | 210 | 239 |
| Net cash from investing activities | (109) | (199) | (17.75) | 3.73 | (147) | (84.15) | (84.89) |
| Net cash from financing activities | (93.15) | (92.10) | (202) | (180) | (9.70) | (126) | (142) |
| Net change in cash | (2.21) | 18.90 | 1.02 | (11.38) | 5.41 | (0.80) | 12.16 |
| Closing cash | 38.78 | 40.97 | 21.65 | 20.80 | 32.06 | 26.86 | 28.96 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +2.7% | +8.0% | +7.8% | +17.0% | +14.6% | -0.4% | - |
| EBITDA growth | +3.5% | -5.4% | +33.0% | +3.1% | -23.9% | +14.4% | - |
| PBT growth | +2.9% | -7.6% | +49.8% | -6.9% | -25.0% | +16.9% | +37.7% |
| Net income growth | +4.5% | -10.4% | +47.9% | -8.3% | -22.1% | +13.5% | - |
| Revenue CAGR (3Y) | +6.2% | +10.9% | +13.1% | +10.1% | +12.2% | +7.7% | +9.7% |
| EBITDA CAGR (3Y) | +9.2% | +9.1% | +1.4% | -3.5% | +4.5% | +14.0% | +6.3% |
| Profitability & leverage | |||||||
| Net income margin | +13.5% | +13.2% | +16.0% | +11.3% | +14.5% | +22.2% | +18.5% |
| Return on capital employed | +15.7% | +16.6% | +19.3% | +13.5% | +15.5% | +23.3% | +22.0% |
| Return on net worth | +12.0% | +12.5% | +15.1% | +10.2% | +12.0% | +18.0% | +16.6% |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
| Long-term debt / equity | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Interest cover | 1.81 | 1.68 | 1.34 | 1.87 | 1.45 | 1.19 | 1.38 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.67 | 1.92 | 1.96 | 1.86 | 1.66 | 1.53 | 1.61 |
| Inventory turnover | 5.98 | 5.51 | 5.42 | 5.67 | 5.88 | 6.27 | 6.97 |
| Debtors turnover | 17.27 | 18.95 | 16.25 | 17.69 | 16.20 | 11.43 | 12.82 |
| EPS (₹) | 17.56 | 16.81 | 18.87 | 12.11 | 13.01 | 17.45 | 14.43 |
| Dividend per share (₹) | 5.00 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.80 |
| Book value per share (₹) | 153.10 | 140.48 | 128.81 | 119.39 | 115.44 | 102.02 | 90.18 |
To see the full year-wise statements and ratios of FDC Limited, buy the company report.
Board of directors of FDC Limited
FDC has 10 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Chandru Bijlani | Director | 10 May 2019 | 7 Years 5 Months | Current |
| Vijay Maniar Also directs: Transpek Industry Limited, India Infradebt Limited | Director | 04 Aug 2022 | 4 Years 3 Months | Current |
| Nandan Mohan Chandavarkar Also directs: Bombay Merchants Cup LLP, True North Sailing Association | Whole-Time Director | 30 Sep 1993 | 33 Years 1 Months | Current |
| Mohan Chandavarkar Anand | Managing Director | 01 Apr 2009 | 17 Years 7 Months | Current |
| Nomita Ramdas Chandavarkar Also directs: Akhil Farma Limited, DSS Out Sourcing Solutions Private Limited | Director | 02 Jun 2014 | 12 Years 5 Months | Current |
| Ashok Anand Chandavarkar | Whole-Time Director | 01 Mar 2011 | 15 Years 8 Months | Current |
Peer comparison
FDC Limited is compared with the 5 companies closest to it by revenue in the Pharma industry (Formulations), with the same principal business activity (manufacture of basic pharmaceutical products and pharmaceutical preparations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pfizer Limited | ₹2,453.6 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Marksans Pharma Limited | ₹2,227.83 Cr (FY 2024) | 17.0% | Mumbai, Maharashtra, India | |||
| FDC Limitedthis company | ₹2,170.93 Cr (FY 2026) | ₹267.72 Cr | 12.3% | 3.0% | 6,548 | Mumbai, Maharashtra, India |
| Unichem Laboratories Limited | ₹2,146.29 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Caplin Point Laboratories Limited | ₹2,033.9 Cr (FY 2025) | 15.0% | Chennai, Tamil Nadu, India | |||
| Astrazeneca Pharma India Limited | ₹1,756.92 Cr (FY 2025) | 32.0% | Bangalore, Karnataka, India |
To see the full peer comparison of FDC Limited, buy the company report.
Auditor
FDC Limited is audited by BSR & CO LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & CO LLP | FY 2025 | 101248W/W-100022 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 69.70%, foreign institutional investors hold 1.40%, domestic institutional investors hold 6.30% and retail and other public shareholders hold 22.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 69.70% | 69.70% | 69.70% | 69.70% |
| Public | 30.30% | 30.30% | 30.30% | 30.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 2010 | 10220462 | Hdfc Bank Limited | ₹6.5 Cr | Satisfied | |
| 17 May 1996 | 90229077 | The Saraswat Co-Operative Bank Limited | ₹13.1 Lakh | Satisfied | |
| 23 Mar 1992 | 90228520 | Syndicate Bank | ₹3 Lakh | Satisfied | |
| 08 May 1986 | 90227876 | Syndicate Bank | ₹10.5 Lakh | Satisfied | |
| 26 Apr 1983 | 90227665 | Syndicate Bank | ₹10 Lakh | Satisfied |
To see the full charge records of FDC Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
FDC Limited has 29 deals on record (18 secondary share transfers, 9 market trades, 2 buybacks); the latest was in September 2024.
Deals on record (5 of 29)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Market trade | ₹67.96 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: Pinebridge Investments, Virgo Advisors Private Limited , Leo Advisors Private Limited Seller: Others - FDC Limited, 3 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Pinebridge Investments, Soven Trading and Investmment Co Pvt Ltd , Transgene Trading and Investment Co Pvt Ltd Seller: Fidelity Low-Priced Stock Fund, Reliance Small Cap Fund, Others - FDC Limited, an individual |
| Aug 2014 | Market trade | ₹112.02 Cr | Buyer: Sudipta Trading And Investment Company Pvt Ltd, Transgene Trading and Investment Co Pvt Ltd Seller: an individual |
| Aug 2014 | Market trade | ₹129.51 Cr | Buyer: Sudipta Trading And Investment Company Pvt Ltd, Transgene Trading and Investment Co Pvt Ltd , Soven Trading And Investment Company Pvt Ltd Seller: 4 individuals |
To see the full deal history of FDC Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
FDC Limited has 333 court cases on record: 200 filed by FDC, 133 filed against it. 58 cases are pending and 275 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 201 | 66 | 32 |
| District courts | 127 | 63 | 26 |
| Supreme Court | 5 | 4 | 0 |
Cases on record (5 of 333)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed against the company by The Assistant Commissioner of Income Tax Circle 1(3)(1) Mumbai and 2 others | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LC) | Filed against the company by Aakash Value Realty Private Limited | Pending |
| High Court of Delhi | Commercial suit | Filed by the company against Gujarat Terce Laboratories Limited | Pending |
| High Court of Delhi | Commercial suit | Filed by the company against Zaventis Healthcare Private Limited | Pending |
| High Court of Delhi | Commercial suit | Filed by the company against Pharmaceutical Institute of India Private Limited | Pending |
To see the full case history of FDC Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
FDC Limited has 16 MSME Form 1 returns on record between 2017 and 2022, listing 1,308 overdue payments to 330 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 330)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Synokem Pharmaceuticals Limited | |||
| Kalapi Printing Press | |||
| Nimit Kraftpack Industries | |||
| Shah Print Pack | |||
| Laxmi Pharma Pack |
To see the full MSME payment records of FDC Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
FDC Limited has a workforce of 6,548 employees on its EPFO records as of Oct 10, 2025, across 5 active EPFO establishments.
GST
FDC has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of FDC Limited, buy the company report.
Recent activity
FDC Limited has 29 board changes on record since 1977: 19 appointments and 10 cessations. The latest: Kishore Mukund Saletore was appointed as Additional Director on 01 Apr 2026.
56 earlier events are in the company report.
News
Frequently asked questions
FDC is an active public limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 23 September 1940 (86+ years old) and is registered under CIN L24239MH1940PLC003176. Listed on BSE: 531599 and NSE: FDC.
FDC reported revenue of ₹2,170.93 Cr for FY 2025-26 (up 3% YoY) based on consolidated financials.
FDC has 10 current directors:
- Mohan Chandavarkar Anand - Managing Director
- Nandan Mohan Chandavarkar - Whole-Time Director
- Ashok Anand Chandavarkar - Whole-Time Director
- Ameya Ashok Chandavarkar - Whole-Time Director
- Mahesh Chandru Bijlani - Director
- Vijay Maniar - Director
- Nomita Ramdas Chandavarkar - Director
- Charuta Nityanath Mandke - Director
- Vijay Nautamlal Bhatt - Director
- Kishore Mukund Saletore - Additional Director
The latest financial statements of FDC on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
No. FDC has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of FDC is L24239MH1940PLC003176. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. FDC is a listed company as per MCA records. Its shares are listed on both BSE (code: 531599) and NSE (symbol: FDC).
FDC has 333 court cases on record: 200 filed by the company and 133 filed against it. 58 are pending. Most are in the high courts.
FDC was incorporated on 23 September 1940, making it 86+ years old. It is registered with the Registrar of Companies, Mumbai.
FDC has 29 deals on record (18 secondary share transfers, 9 market trades, 2 buybacks); the latest was in September 2024.
The peers of FDC by revenue are Pfizer Limited, Marksans Pharma Limited, Unichem Laboratories Limited, Caplin Point Laboratories Limited, Astrazeneca Pharma India Limited, all in the Pharma industry (Formulations), with the same principal business activity (manufacture of basic pharmaceutical products and pharmaceutical preparations).
Kishore Mukund Saletore was appointed as Additional Director on 01 Apr 2026. Swati Sandesh Mayekar ceased to be Director on 06 Sep 2024. Charuta Nityanath Mandke was appointed as Director on 07 Aug 2024. FDC has 29 board changes on record in total.

