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Fermenta Biotech Ltd (FERMENTA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506414 NSE: FERMENTA Pharmaceuticals & Drugs | Small Cap | Fermenta Biotech Share Price

₹468.15 -13.25 (-2.75%)

As on 25-Sep'26 16:59

Fermenta Biotech Ltd (FERMENTA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506414 NSE: FERMENTA Pharmaceuticals & Drugs | Small Cap | Fermenta Biotech Share Price

₹468.15 -13.25 (-2.75%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,378 Cr.
Current Price
₹468.2
52-Week Low / High
₹256 / 580
TTM EPS
₹20.6
TTM Sales
₹511 Cr.
Book Value per Share
₹140.3
P/E Ratio
22.78
Higher than its 5-year historical median
Industry PE
54.9
Price to Book (P/B)
3.34
Higher than its 5-year historical median
Price to Sales (P/S)
2.70
Higher than its 5-year historical median
EV/EBITDA
13.43
Higher than its 5-year historical median
Dividend Yield
0.8%
Profitability Efficiency
Return on Equity (ROE)
18.36%
Outperforms industry median
Return on Capital Employed (ROCE)
21.99%
Outperforms industry median
Return on Assets (ROA)
11.13%
Operating Profit Margin
19.2%
Net Profit Margin
13.37%
Gross Profit Margin
21.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.58%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-8.64%
Net Profit Growth (1 Year)
-
-8.05%
Asset Quality
Promoter Holding
64.09%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹398 Cr.
Equity
₹14.7 Cr.
Face Value
₹5
All Time Low / High
₹4.90 / 579.65

Fermenta Biotech stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Fermenta Biotech Ltd a good quality company?
Fermenta Biotech 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 Fermenta Biotech Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Fermenta Biotech Ltd vs industry peers?
Fermenta Biotech Ltd revenue CAGR is 6.85%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Fermenta Biotech Ltd?
Promoters hold 64.09% of the Fermenta Biotech Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Fermenta Biotech Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 21.1% 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.
Fermenta Biotech 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ-8.5%-7.5%43.5%13.8%14.5%9.9%-6.2%2.6%19.1%19.9%-
Value Creation
Index ⓘ
-1.6-1.52.10.00.0-0.3-1.4-0.80.40.4-

Growth Parameters ⓘ

Sales ⓘ5.512.5405301373388329307431450443
Sales YoY Gr.-126.6%3,134.8%-25.7%24.1%4.1%-15.2%-6.6%40.2%4.6%-
Adj EPS ⓘ-6.6-7.24221.817.79.6-10.3-4.622.817.421.4
YoY Gr.-NANA-48.1%-18.8%-46.1%-208.3%NANA-23.9%-
BVPS (₹) ⓘ32.623.586.7106.3124.3132.2111.9104.4130.2146.4147.8
Adj Net
Profit ⓘ
-18.3-19.911662.951.127.6-29.8-13.166.649.863
Cash Flow from Ops. ⓘ-9.11.390.529.86350.412410533.882.6-
Debt/CF from Ops. ⓘ-4.9107.92.37.43.64.71.81.33.21.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ63.1%3.9%11%4.6%
Adj EPS ⓘNA-0.4%NA-23.9%
BVPSⓘ18.2%3.3%9.4%12.4%
Share Price 21.3% 11.8% 41.5% 48.8%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
-21.2-25.873.622.4157.2-8.2-419.212.414.6
Op. Profit
Mgn % ⓘ
-154-26.535.52325.719.812.112.324.320.420.6
Net Profit
Mgn % ⓘ
-331.3-159.228.620.913.77.1-9.1-4.315.511.114.2
Debt to
Equity ⓘ
0.52.20.90.70.60.60.70.40.30.3-
Working Cap
Days ⓘ
1,020520111304308355383320245286138
Cash Conv.
Cycle ⓘ
-16-20351291411681711178812555

Valuation of Fermenta Biotech - 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 *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales164303405293377399350336469525
Operating Expenses ⓘ + 152212269229295336332308359424
Manufacturing Costs27384134455851566362
Material Costs68809279134153154130158192
Employee Cost 31405350586358596583
Other Costs ⓘ 26548265576369637388
Operating Profit ⓘ 12911356483621828111101
Operating Profit Margin (%) 7.3%30.1%33.4%22.0%21.9%15.6%5.2%8.3%23.5%19.2%
Other Income ⓘ + 3112714889121222
Exceptional Items ⓘ 000000-28-707
Interest ⓘ 10142120191821171513
Depreciation ⓘ 10121215202628252422
Profit Before Tax ⓘ -676129435227-51-108396
Tax ⓘ 32111-16912214726
Profit After Tax -855118604315-53-247670
PAT Margin (%) -5.0%18.1%29.1%20.3%11.3%3.8%-15.2%-7.2%16.3%13.4%
Adjusted EPS (₹)-4.212.342.720.615.85.4-17.7-8.026.425.0
Dividend Payout Ratio (%)-5%1.70%1%24.20%15.90%23.30%-7.10%-15.70%9.50%15%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 144124250303349357302276362403
Share Capital ⓘ 2.292.294.5914.4214.4214.4214.4314.4414.5814.34
Reserves ⓘ 142122245289334343288262348389
Debt +771651952062072121851109699
Long Term Debt401351351021101158443158
Short Term Debt3730601049697101678191
Minority Interest281100-0-1-3-4-4-6
Trade Payables27404356626546657777
Others Liabilities ⓘ 2944441010512011010910156
Total Liabilities ⓘ 307385532576722753640556633630

Fixed Assets

Net Fixed Assets ⓘ +9097104129263231238263223217
Gross Block103114129166331309339387368382
Accumulated Depreciation131725386878100124144165
CWIP ⓘ 53227157354521613
Investments ⓘ 927672003000
Inventories39518812916215913087124153
Trade Receivables456966706887427095112
Cash Equivalents 2339133453458607241
Others Assets ⓘ 11712987731272071237410394
Total Assets ⓘ 307385532576722753640556633630
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 259903463431161054193
PBT ⓘ -676129435227-51-108396
Adjustment ⓘ 242731344043119813922
Changes in Working Capital ⓘ -14-25-37-29-15-174533-78-8
Tax Paid ⓘ -2-18-33-14-14-931-3-16
Cash Flow From Investing Activity ⓘ + 7-101-97-44-42-26-55-15-0-43
Capex -19-18-35-68-55-37-40-19-3-30
Net Investments 26-84-532424-164-5-17
Others ⓘ 00-911271-084
Cash Flow From Financing Activity ⓘ + -128912-47-1-22-41-91-51-42
Net Proceeds from Shares ⓘ 0000000020
Net Proceeds from Borrowing ⓘ -9936-34143-18-47-33-17
Interest Paid ⓘ -9-12-20-21-18-17-21-17-12-11
Dividend Paid ⓘ -1-1-1-60-7-4-4-4-7
Others ⓘ 7928142-11-23-4-7
Net Cash Flow ⓘ -4476-5720-419-1-108
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-640.7964.7721.9213.054.27-16.11-8.323.9318.36
ROCE (%)1.9633.8640.1612.9812.627.5-5.251.5821.9721.99
Asset Turnover Ratio0.560.880.880.530.580.540.50.560.790.83
PAT to CFO Conversion(x)N/A1.070.760.571.472.87N/AN/A0.541.33
Working Capital Days
Receivable Days96.5068.2060.6084.3066.707167.1060.6064.2071.80
Inventory Days73.7054.3062.60134.70140.70147.30151118.308295.90
Payable Days126.10153.40163.80228.80160.90151131.20155.20164147

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Announcements

Fermenta Biotech Ltd FAQs

The current trading price of Fermenta Biotech on 25-Sep-2026 16:59 is ₹468.1.

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 Fermenta Biotech stood at ₹1,377.8 Cr

The latest P/E ratio of Fermenta Biotech as of 24-Sep-2026 is 21.86.

The latest P/B ratio of Fermenta Biotech as of 24-Sep-2026 is 3.17.

The 52-week high of Fermenta Biotech is ₹579.6 and the 52-week low is ₹256.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fermenta Biotech is ₹443 ( Cr.) .

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

The key valuation ratios of Fermenta Biotech Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About Fermenta Biotech Ltd

Fermenta Biotech an established enterprise with a rich seven-decade history, operates across diverse sectors, including pharmaceuticals, animal feed, nutrition, integrated biotech, environmental solutions and real estate. A key focal point of the company’s expertise lies in the comprehensive manufacturing of Vitamin D3. The Company maintains a sustainable supply chain, providing a notable advantage in the contemporary global market.

The company’s array of Vitamin D3 variants is finely balanced to meet the requirements of both human and animal nutrition, rendering them applicable across a broad spectrum of uses. In addition to Vitamin D3 products, the company engages in the production of APIs for muscle relaxants and anti-flatulent applications. The Company also pioneers the development of innovative enzymes crucial for manufacturing active pharmaceutical ingredients, alongside offering environmental solutions for wastewater treatment and management.

The strategic possession of legacy properties in Thane and Worli, Mumbai, serves as a lucrative source of income for the company. This supplementary revenue stream complements the core business activities, reinforcing the Company’s financial position. Through a development agreement with Mextech Property Developers LLP, the company is poised to construct residential-cum-commercial buildings on its free-hold Thane land and would acquire affordable luxury residential apartments from Mextech on an area sharing basis.

Furthermore, the company has undertaken sale transactions for its IT/ITES building, Thane One. As of the report date, the company has successfully divested a significant portion of the IT/ITES building to third parties. The proceeds from these transactions were judiciously utilized to retire outstanding loans associated with the IT/ITES building.

Business area of the company

The company is engaged in the business of manufacturing and marketing of chemicals, bulk drugs, enzymes, pharmaceutical formulations and environmental solution products and renting and selling of properties. The Company caters to both domestic and international markets. The company also has strategic investments in subsidiaries primarily dealing in manufacturing and marketing bulk drugs.

Business Segments

  • Vitamin D and niche APIs
  • Nutrition
  • Integrated biotechnology
  • Environment solutions
  • Real Estate

Awards

  • 2025: Pride of Maharashtra Award
  • 2024: Fi India Awards 
  • 2023: Excellence in Pharma Supply Chain Award
  • 2021: Indian Pharma Award
  • 2020: Business Leader of The Year Awards 
  • 2020: Hindustan Times Thane Ratna Award
  • 2019: Business Excellence Awards 
  • 2019: Hindustan Times Thane Ratna Award
  • 2018: Indian Pharma Award

Milestones/ History

  • 1951: Established International Franchises Private Ltd. to focus on the toll manufacturing of pharmaceutical products.
  • 1963: Formed joint venture with Philips Duphar SV
  • 1967: Commenced the commercial manufacture of Vitamin D
  • 1980: After Solvay acquired Philips Duphar SV, it became the new joint venture partner.
  • 1986: Established the company to manufacture enzymes used as catalyst in antibiotic manufacturing.
  • 2002: Demerged the pharmaceutical business to Solvay.
  • 2003: Consolidated all manufacturing at kullu by expanding the facility to include Vitamin D and other products.
  • 2011: Commenced the second plant for manufacturing Vitamin D at Dahej.
  • 2012: The company introduced its latest catalyst Fermase PA 850 for Penicillin G Acylase and enhanced the production capacity of Vitamin D resin in Dahej.
  • 2014: Launched Vitamin D 100 CWD to cater to the food and dietary nutraceutical supplements market.
  • 2016: Enhanced Vitamin D capacity at Dahej. Launched a new version of Vitamin D 500 feed grade powder.
  • 2017: Obtained EDQM’s CEP certification for its Vitamin D manufacturing facility in Dahej; and received FSSC 22000 and BRC food safety approvals for both plants.
  • 2019: Completed the amalgamation of DIL Limited and Fermenta Biotech Limited (combined entity was renamed as Fermenta Biotech Limited). Incorporated a wholly owned subsidiary called Fermenta Biotech GmbH in Germany. Integrated backwards to manufacture cholesterol, the key starting material of Vitamin D.
  • 2020: Introduced fish oil cholesterol for aquaculture nutrition. Established a wholly owned subsidiary named Fermenta Biotech USA LLC in the USA. Acquired a controlling stake in AGD Nutrition, a US-based vitamin company, through Fermenta Biotech USA LLC and renamed it as Fermenta USA LLC.
  • 2021: Launched Vitamin AD2 for oil fortification.
  • 2022: Signed a binding term sheet with Mextech Property Developers LLP for the development of a land parcel in Thane. Fermenta commissioned its fortified rice kernel manufacturing facility in Pennepalli, Andhra Pradesh.
  • 2023: Commissioned its customised food premixing plant in Kullu, Himachal Pradesh.

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