Indoco Remedies Ltd

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NSEBSE

361.35-1.20 (-0.33%)

03:55 PM,21st Feb 2024

359.00-3.80 (-1.05%)

04:01 PM,21st Feb 2024

BSE : 532612

NSE : INDOCO

Sector : Health care

ISIN Code : INE873D01024

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Last Updated: Feb 21 2024 | 04:01 PM IST

Market Cap (₹ Cr)

3329

Turnover (₹ Cr)

0.16

Volume (Shares)

43216

Face Value

2

52-WK High

415.00

52-WK High Date

20 Jan 2024

52-WK Low

306.40

52-WK Low Date

26 Apr 2023

All Time High

530.25

All Time High Date

12 Aug 2021

All Time Low

13.87

All Time Low Date

25 Mar 2009

Indoco Remedies Ltd

Indoco Remedies Limited incorporated as a Public Limited Company in August 23 1947 is a Mumbai-based pharmaceutical company that focuses on formulations with some presence in contract manufacturing and research. The Company headquartered in Mumbai is a fully integrated research-oriented pharma Company with presence in 55 countries. The Company is engaged in the manufacturing and marketing of pharmaceutical Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs). Indoco a USD 166 million Company employs over 6000 people including more than 300 skilled scientists. The Company has 9 manufacturing facilities 6 of which are for FDFs and 3 for APIs supported by a state-of-the-art R&D Centre and a CRO facility.Currently Indoco has a presence in therapeutic segments including anti-infective anti-cold preparation opthalmic antispasmodic stomatology anti-inflammatory and anti-fungal. As per AC Nielsen ORG-MARG market survey (August 2004) of doctors Indoco ranked first in the stomatology ninth in the opthalmic and twelve in the pediatric segments in terms of prescription generation in the domestic market. In the overall pharma industry Indoco is ranked 34th as per AC Nielsen ORG-MARG Retail Audit but ranked 23rd in terms of prescription generation indicating the strength of its marketing network. Further the company last year launched a new super specialty division with focus on diabetic and cardio-vascular segments. Its entry into the lifestyle segment with a strong presence in the prescription segment would augur well for the higher- than-average industry growth. Currently Indoco has four manufacturing facilities. Two are located in Mumbai and two in Goa and an R&D centre in Mumbai. The solid dosage facility in Goa has been accredited by UK-Medicines and Healthcare Products Regulatory Agency (MHRA) and the sterile plant of Goa has been designed as per US Food and Drug Administration (FDA) norms. On the selling front it has a marketing network of 1248 medical representatives.In July 2014 the Company purchased the remaining shares of its subsidiary Xtend Industrial Designers and Engineers Private Limited to make it a 100% subsidiary of the Company.In April 2015 the Company acquired from Piramal Enterprise Limited their Clinical Research Division located in Hyderabad. The division is equipped with a 98-bed facility including a four-bed ICU state-of-the-art analytical lab and capabilities of eCTD submission. It also has GCP certification from UK-MHRA and also has regulatory approvals from several bodies including USFDA. The acquisition would reduce the Company's dependability to outsource bio-equivalence studies. This will not only reduce cost but also ensure time-bound outcome of studies and add pace to the Company's existing R&D efforts.In December 2015 the Company incorporated Indoco Remedies Singapore Pte Limited a 100% subsidiary. The subsidiary will be used for the expansion of the company's ambitious plans to extend its activities in the European and US markets. The company has the following 3 subsidiary companies as on 31 March 2016.i. Xtend Industrial Designers and Engineers Private Limitedii. Indoco Pharmchem Limitediii. Indoco Remedies Singapore Pte. Ltd.The cash outflow on account of Capital Expenditure (CAPEX) during FY2016 was Rs 97.7 crore as compared to Rs 88.7 crore in the last year. The cash outflow on account of Capital Expenditure (CAPEX) during FY2017 was Rs 130.60 crore as compared to Rs 97.70 crore in the last year. As on 31 March 2018the company has 2 subsidiary companies under its fold. As there was no business activity the Company during the year has applied to the Registrar of Companies for striking off the names of following Companiesi. Indoco Pharmchem Limited - 100% subsidiaryii. Indoco Analytical Solutions LLP - Associate LLP.The cash outflow on account of Capital Expenditure (CAPEX) during FY2018 was Rs 139.4 crore as compared to Rs 189.6 crore in the last year. During the year 2017-18 the Company (F&D) was granted two patents by the Indian Patent Office and one by United States Patents Office for formulation of Olopatadine Gliclazide and Brinzolamide respectively. The Company was also granted three patents by Indian Patents Office for manufacturing processes of three APIs viz. Febuxostat Rufinamide and Lacosamide.Indoco's R&D efforts received due recognition with the `Best Process Patent Award for the year 2016-2017' forfive Indian patents granted related to `Processforthe preparation of Tapentadol' `Process for the preparation of Aminoindane compound' `Process for preparation of Pyrazole derivatives' `Preparation of phenylacetic acid derivative' and `Preparation of Substituted 1H-imidazo[45-c] quinoline'. This award was presented at Indian Drug Manufacturers Association's 56th Annual Day celebrations held on 20 January 2018.As on March 31 2019 the Company has one subsidiary viz Xtend Industrial Designers and Engineers Pvt. Ltd. (XIDEPL). As there was No Business Activity the following subsidiary has been voluntarily wound up during the year under consideration. - 100% subsidiary- Indoco Remedies Singapore Pte Ltd.In order to expand its business in the European market the Company has effective 09 April 2019 set up a 100% subsidiary in the Czech Republic.The cash outflow on account of Capital Expenditure (CAPEX) during FY2019 was Rs 96.95 crore as compared to Rs 139.45 crore in the last year. As on March 31 2020 the Company had two subsidiaries:i. Xtend Industrial Designers and Engineers Pvt. Ltd. (XIDEL)ii. Indoco Remedies Czech sro.During the year 2019-20 eight new products five in Cardiac segment two in Anti-diabetic segment and one in Dermatology segment were launched.As on March 31 2021 the Company had two subsidiaries Xtend Industrial Designers and Engineers Pvt. Ltd. and Indoco Remedies Czech sro.As on March 31 2022 the Company has 3 Subsidiary Companies Xtend Industrial Designers and Engineers Private Limited Indoco Remedies Czech SRO and Indoco Remedies UK Limited.

Indoco Remedies Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

3329

EPS - TTM (₹) [S]

11.99

P/E Ratio (X) [S]

3.12

Face Value (₹) 2
Latest Dividend (%)112.50
Latest Dividend Date 18 Sep 2023
Dividend Yield (%) 0.62
Book Value Share (₹) [S]115.76
P/B Ratio (₹) [S]3.12
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Quant Small Cap Fund - (IDCW) 144.40 3878685 0.92
Quant Small Cap Fund - (G) 144.40 3878685 0.92
Quant Small Cap Fund - Direct (IDCW) 144.40 3878685 0.92
Quant Small Cap Fund - Direct (G) 144.40 3878685 0.92
Nippon India Small Cap Fund - Direct (IDCW) 102.18 2744559 0.22
Nippon India Small Cap Fund - Direct (G) 102.18 2744559 0.22
Nippon India Small Cap Fund - Direct (B) 102.18 2744559 0.22
Nippon India Small Cap Fund (B) 102.18 2744559 0.22
Nippon India Small Cap Fund (IDCW) 102.18 2744559 0.22
Nippon India Small Cap Fund (G) 102.18 2744559 0.22

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Research Reports

Date BrokerActionPrices(Rs)Report
20-10-2023Prabhudas Lilladher Buy 350
27-07-2023Prabhudas Lilladher Buy 324

Stock Strength

Today's Low/High

357.60

366.70

Week Low/High

335.90

386.00

Month Low/High

335.90

415.00

Year Low/High

306.40

415.00

All time Low/High

13.87

530.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-0.84%-0.55%1.110.98%
1 Month-10.25%-11.12%1.682.24%
3 Month3.01%3.04%10.1511.48%
6 Month9.73%9.72%11.3613.72%
1 Year-1.91%-1.87%19.7023.72%
3 Year20.25%20.03%42.7147.21%

Company Info

Company Information

Chairman & Wholetime Director : Suresh G Kare

Managing Director : Aditi Kare Panandikar

Joint Managing Director : Sundeep V Bambolkar

Independent Non Exe. Director : Rajiv Kakodkar

Independent Non Exe. Director : D M Gavaskar

Independent Non Exe. Director : Vasudha V Kamat

Independent Non Exe. Director : Abhijit Y Gore

Non Executive Director : Anand Nadkarni

Additional Director : Ajay Mulgaokar

Additional Director : Satish Shenoy

Registered Office: Indoco House 166 C S T Road, Santacruz (East) Kalina,Mumbai,Maharashtra-400098 Ph: 91-022-26541851-55

Email:jagdishs@indoco.com

URL:http://www.indoco.com