MoneyWorks4Me

CORONA Remedies Ltd (CORONA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544644 NSE: CORONA Pharmaceuticals & Drugs | Small Cap | CORONA Remedies Share Price

₹2,115.35 5.15 (0.24%)

As on 25-Sep'26 16:59

CORONA Remedies Ltd (CORONA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544644 NSE: CORONA Pharmaceuticals & Drugs | Small Cap | CORONA Remedies Share Price

₹2,115.35 5.15 (0.24%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹12,938 Cr.
Current Price
₹2,115.4
52-Week Low / High
₹1,337 / 2,285
TTM EPS
₹32.5
TTM Sales
₹1,479 Cr.
Book Value per Share
₹131.9
P/E Ratio
65.00
In line with its 5-year historical median
Industry PE
54.9
Price to Book (P/B)
16.03
Higher than its 5-year historical median
Price to Sales (P/S)
8.75
Higher than its 5-year historical median
EV/EBITDA
39.68
In line with its 5-year historical median
Dividend Yield
0.47%
Profitability Efficiency
Return on Equity (ROE)
27.36%
Outperforms industry median
Return on Capital Employed (ROCE)
31.74%
Outperforms industry median
Return on Assets (ROA)
15.99%
Operating Profit Margin
21%
Net Profit Margin
13.19%
Gross Profit Margin
21.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.28%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
22.28%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
23.88%
Asset Quality
Promoter Holding
69.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹746 Cr.
Equity
₹61.2 Cr.
Face Value
₹10
All Time Low / High
₹1336.95 / 2285.00

CORONA Remedies stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is CORONA Remedies Ltd a good quality company?
CORONA Remedies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does CORONA Remedies Ltd performance compare with that of its Peers?
Q.1 Revenue growth of CORONA Remedies Ltd vs industry peers?
CORONA Remedies Ltd revenue CAGR is 16.65%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of CORONA Remedies Ltd?
Promoters hold 69.00% of the CORONA Remedies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of CORONA Remedies Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
CORONA Remedies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ24.4%1.1%30%25.9%32.6%31.7%-
Value Creation
Index ⓘ
0.8-0.91.20.91.41.4-

Growth Parameters ⓘ

Sales ⓘ5766178841,0141,1961,4031,479
Sales YoY Gr.-7.2%43.2%14.8%17.9%17.3%-
Adj EPS ⓘ13.7-0.113.814.924.432.232.5
YoY Gr.--101%NA7.9%63.8%32.1%-
BVPS (₹) ⓘ66.162.966.778.599122131.8
Adj Net
Profit ⓘ
69.8-0.784.391149197199
Cash Flow from Ops. ⓘ79.297.7103157190229-
Debt/CF from Ops. ⓘ0.60.400.90.30.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNA19.5%16.7%17.3%
Adj EPS ⓘNA18.7%32.7%32.1%
BVPSⓘNA13%22.3%23.2%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
20.7-0.223.120.527.529.125.6
Op. Profit
Mgn % ⓘ
18.32.914.515.420.12121.4
Net Profit
Mgn % ⓘ
12.1-0.19.5912.51413.4
Debt to
Equity ⓘ
0.20.100.30.10.2-
Working Cap
Days ⓘ
01691151029611544
Cash Conv.
Cycle ⓘ
0541613856

Valuation of CORONA Remedies - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales8841,0141,1961,403
Operating Expenses ⓘ + 7568609561,110
Manufacturing Costs13182133
Material Costs211227237261
Employee Cost 255295346403
Other Costs ⓘ 277320352413
Operating Profit ⓘ 128155240293
Operating Profit Margin (%) 14.5%15.3%20.1%20.9%
Other Income ⓘ + 76611
Exceptional Items ⓘ 000-19
Interest ⓘ 414117
Depreciation ⓘ 20283738
Profit Before Tax ⓘ 111118199240
Tax ⓘ 26284955
Profit After Tax 8591149185
PAT Margin (%) 9.6%8.9%12.5%13.2%
Adjusted EPS (₹)13.914.824.430.3
Dividend Payout Ratio (%)20%25%29.90%33%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 409480606747
Share Capital ⓘ 61.1661.1661.1661.16
Reserves ⓘ 347419545686
Debt +29827127
Long Term Debt067160
Short Term Debt23111127
Minority Interest0000
Trade Payables94114144147
Others Liabilities ⓘ 157182241278
Total Liabilities ⓘ 6638751,0171,299

Fixed Assets

Net Fixed Assets ⓘ +185384370554
Gross Block256483503724
Accumulated Depreciation7299133170
CWIP ⓘ 65121186143
Investments ⓘ 31262626
Inventories10598129125
Trade Receivables87100118146
Cash Equivalents 77706944
Others Assets ⓘ 11377119260
Total Assets ⓘ 6638751,0171,299
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 103157190229
PBT ⓘ 111118199240
Adjustment ⓘ 23475244
Changes in Working Capital ⓘ -59-17-6
Tax Paid ⓘ -26-18-43-49
Cash Flow From Investing Activity ⓘ + -50-267-84-256
Capex -94-286-91-174
Net Investments 38143-90
Others ⓘ 6547
Cash Flow From Financing Activity ⓘ + -4599-10725
Net Proceeds from Shares ⓘ 0000
Net Proceeds from Borrowing ⓘ -32103-51-36
Interest Paid ⓘ -4-14-10-7
Dividend Paid ⓘ -7-17-23-45
Others ⓘ -227-23113
Net Cash Flow ⓘ 8-110-1
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)20.7920.3627.527.36
ROCE (%)28.0325.9332.5931.74
Asset Turnover Ratio1.361.351.241.19
PAT to CFO Conversion(x)1.211.731.281.24
Working Capital Days
Receivable Days35.4032.9033.9034.90
Inventory Days42.8035.9035.4033.70
Payable Days163.30167.90198.90203.20

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CORONA Remedies Ltd FAQs

The current trading price of CORONA Remedies on 25-Sep-2026 16:59 is ₹2,115.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2026 the market cap of CORONA Remedies stood at ₹12,937.5 Cr

The latest P/E ratio of CORONA Remedies as of 24-Sep-2026 is 65.16.

The latest P/B ratio of CORONA Remedies as of 24-Sep-2026 is 16.05.

The 52-week high of CORONA Remedies is ₹2,285 and the 52-week low is ₹1,337.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CORONA Remedies is ₹1,479 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that CORONA Remedies Ltd is a average quality company.

The key valuation ratios of CORONA Remedies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of CORONA Remedies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About CORONA Remedies Ltd

Corona Remedies was originally incorporated as ‘CORONA Remedies Private Limited’, a private limited company, under the Companies Act, 1956, pursuant to a certificate of incorporation dated August 27, 2004, issued by the Assistant Registrar of Companies, Gujarat at Dadra and Nagar Haveli. Thereafter, the company was converted into a public limited company pursuant to a special resolution passed by its Shareholders on October 24, 2024, and consequently, the name of the company was changed to ‘CORONA Remedies Limited’. A fresh certificate of incorporation, upon conversion of the company to a public limited company was issued by the Registrar of Companies, Central Processing Centre, Manesar, Haryana on December 16, 2024.

The company is an India-focused branded pharmaceutical formulation company engaged in developing, manufacturing and marketing products in women’s healthcare, cardio-diabeto, pain management, urology and other therapeutic areas. Its diversified product portfolio comprises brands that cater to a range of therapeutic areas such as women’s healthcare, cardio-diabeto, pain management, urology and others/multispecialty pharmaceuticals (comprising vitamins/minerals/nutrition (VMN), gastrointestinal and respiratory. 

The company are also focused on executing strategic brand acquisitions and establishing in-licensing arrangements to address therapy gaps in its portfolio and to establish complementary capabilities, such as backward integration, marketing arrangements, and diversified product offerings. This enables it to broaden its therapeutic presence and enhance its market position across key areas. Its customers primarily comprise pharmacies, specialty treatment facilities, other outpatient clients, physicians and hospitals. It primarily offers its products in India. It offers products across the following therapeutic areas: (i) women’s health; (ii) cardio-diabeto, (iii) pain management; (iv) urology; and (v) others/multispecialty pharmaceuticals (comprising VMN, gastrointestinal and respiratory).

Business area of the company

The company is primarily engaged in the business of manufacturing, trading and marketing of pharmaceutical products. The company also has an associate which is involved in similar line of business. Its diversified product portfolio comprises brands that cater to a range of therapeutic areas such as women’s healthcare, cardio-diabeto, pain management, urology and others/multispecialty pharmaceuticals (comprising vitamins/minerals/nutrition (VMN), gastrointestinal and respiratory. 

Products of the company

Women’s health products

  • C-HOP
  • COR-9
  • Dydrohope

Cardio-diabeto

  • Rosuless
  • Cortel
  • Obimet
  • Sitabite

Pain management

  • Myoril
  • Myoril Maxx
  • Myoril Plus
  • GB-29

Urology

  • Dosin
  • Alkashot

Others products

  • Ulpan
  • Respicure
  • Vitneurin

Awards, accreditations and recognition

  • 2014: Awarded ‘Emerging Company of the Year’ at the AWACS Awards for market excellence.
  • 2014: Its brand ‘XOCLAVE’ was awarded the ‘Brand of the Year’ for the Drug Price Control Order category at the AWACS Awards for market excellence.
  • 2015: Awarded the CIMS Healthcare Excellence Award.
  • 2016: Its brand ‘FUR-XT’ was awarded the ‘New Introduction of the Year’ award at the AWACS Awards for market excellence.
  • 2018: Its brand ‘B-29’ was recognised as one of ‘India’s 50 Most Admired Brands’ title by White Page International.
  • 2018: Awarded the ‘Best Pharma Distribution Strategy’ award at the Global Logistics Excellence Awards.
  • 2019: Awarded the ‘Dr. Shamsheer Shaikh Company of the Year’ award at the 6th AWACS Awards.
  • 2022: Implemented SAP S/4 HANA (an enterprise resource planning software suite).
  • 2022: Achieved the Edge Advanced Certificate for exemplifying achievement in energy savings, water savings and less embodied energy in materials by Green Business Certifications Inc.
  • 2023: Received a Good Manufacturing Practice certificate from the State Unitary Enterprise, Center of Good Practices for compliance with the requirements of O’zDSt 2766:2018.
  • 2024: Recognised by the Asia Book of Records for screening the maximum patients for peripheral neuropathy using a biothesiometer in a single week.
  • 2025: Received 2024 DET Hurun Award for outstanding contribution to India’s manufacturing economy, from Hurun India Manufacturing 400.

History and milestones

  • 2004: Launch of first division, later named as ‘Pioneer’ division in 2010.
  • 2005: Launch of division (multispeciality): Xemx.
  • 2007: Commencement of production at the first manufacturing plant at Solan, Himachal Pradesh.
  • 2008: Launch of division (gynaecology): Aarush.
  • 2013: Launch of division (cardioloy): Wellness.
  • 2016: Purchased the trademarks ‘Stelbid’ and ‘Vitneurin’ from Glaxo Group Limited.
  • 2016: Purchased the trademarks ‘Dilo DX’ and ‘Dilo-BM’ from GlaxoSmithKline Pharmaceuticals Limited.
  • 2018: Launch of division (cardiovascular diseases): Aura and (gynaecology): Solis.
  • 2018: Acquired the trademarks ‘Obimet’, ‘Obimet-GX’, ‘Obimet SR’, ‘Obimet-V’ ‘Triobimet’ and ‘Thyrocab’ (within India) from Abbott India Limited.
  • 2020: Entered into a strategic alliance with La Chandra Pharmalab Private Limited.
  • 2021: Commencement of production at the manufacturing plant at Ahmedabad, Gujarat.
  • 2022: Launch of division (cardiovascular diseases): Radiance and (gynaecology): Solaris.
  • 2023: Launch of division (urology): Blaze.
  • 2023: Purchased the trademark ‘Myoril’ (in India) from Sanofi Healthcare India Private Limited.
  • 2023: Received EU GMP accreditation for the manufacturing plant at Ahmedabad, Gujarat.

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