Manufactures pharmaceutical active ingredients (APIs), intermediates and nutritional premixes, with vitamin D3 driving 87% of turnover. Operations are organised around three core verticals disclosed in the FY26 investor presentation: a Human Nutrition line built on vitamin D3 (Rs 293 crore in FY26, up 28% year-on-year), an Animal Nutrition business (Rs 109 crore, up 32%), and a smaller Green Chemistry unit whose sales more than doubled to Rs 16 crore, alongside a residual Property segment. The company exports 58% of output to around 60 countries and serves more than 400 customers. Manufacturing quality systems are certified to EU-GMP, USFDA, WHO-GMP and ISO standards. In July 2026 it received FSSAI approval for its plant-source vitamin D3 (VITADEE Green) for use in Indian fortified foods and supplements. The cost structure is led by materials (28.3% of revenue) and other operating expenses (28.8%), with employee costs at 15.7% and depreciation at 4.1%; capex ran at 5.8% of revenue. FY26 consolidated revenue was Rs 548 crore and standalone revenue Rs 525 crore, with EBITDA margin around 22-25%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Human Nutrition (Vitamin D3), Animal Nutrition, Green Chemistry, Property. Manufacturing-led pharma and biotech with concentrated single-product exposure to vitamin D3
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 399 | 350 | 336 | 469 | 525 |
| EBITDA (ex other income) | 61 | (11) | 21 | 110 | 107 |
| margin % | 15.4 | (3.0) | 6.2 | 23.4 | 20.3 |
| Owners' profit | 15 | 0 | (24) | 76 | 0 |
| EPS, as reported (₹) | 5.35 | (17.85) | (7.99) | 26.35 | 24.70 |
| ROE % · ROCE % | 4.1 · 8.8 | (17.2) · (7.3) | (8.4) · 1.9 | 21.3 · 24.2 | 17.5 · 24.4 |
| Debt / equity (x) | 0.64 | 0.70 | 0.46 | 0.31 | 0.27 |
| Cash from operations | 43 | 117 | 105 | 41 | 93 |
| Capex | (37) | (40) | (19) | (22) | (30) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 95 | 156 | 140 | 136 | 130 | 137 | 122 | 122 |
| Profit before tax | 12 | 45 | 32 | 28 | 24 | 17 | 26 | 15 |
| Net profit | 11 | 38 | 33 | 22 | 18 | 12 | 19 | 10 |
| EPS (₹) | 3.94 | 12.71 | 11.79 | 7.49 | 6.48 | 4.36 | 6.66 | 3.40 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Bulk drugs/chemicals | 391 | 71.3 |
| Property | 4 | 0.7 |
| Unallocated | 14 | 2.5 |
| - Bulk drugs/chemicals | 124 | 22.6 |
| - Property | 2 | 0.4 |
| - Unallocated | 10 | 1.8 |
| Property (Refer Note 4) | 4 | 0.6 |
| Total, before eliminations | 548 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Fermenta Biotech signs exclusive licence with VIT for Vitamin B12 tech | compliance | low | — | — |
| 4 Sept 2026 · Q1 FY27 results resubmitted in machine readable format | compliance | minimal | — | — |
| 27 Aug 2026 · Fermenta Biotech to hold investor meetings on September 3, 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Fermenta Biotech to hold investor meetings on September 3, 2026 | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Newspaper notice for SEBI special window to dematerialise physical shares | compliance | minimal | — | — |
| 17 Aug 2026 · Investor meeting scheduled on August 21, 2026 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · CARE upgrades Fermenta Biotech credit ratings | credit debt | medium | — | — |
| 12 Aug 2026 · Fermenta Biotech Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Fermenta Biotech 74th AGM: All 7 resolutions passed with over 99.97% approval | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Fermenta Biotech 74th AGM: All 7 resolutions passed | compliance | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| Rev CAGR 5y % |
|---|
| EBITDA m. % |
|---|
| SUN PHARMACEUTICAL IND L | 4,41,471 | 36.5 | 5.26 | 23.7 | 13.7 | 17.5 | 11.8 | 32.3 |
| DIVI S LABORATORIES LTD | 2,47,033 | 84.6 | 14.74 | 63.7 | 15.3 | 18.8 | 8.7 | 42.8 |
| TORRENT PHARMACEUTICALS L | 1,68,062 | 79.3 | 9.56 | 41.5 | 12.2 | 8.0 | 11.8 | 33.1 |
| ZYDUS LIFESCIENCES LTD | 1,11,686 | 24.9 | 3.78 | 14.5 | 17.3 | 18.0 | 12.4 | 25.2 |
| CIPLA LTD | 1,10,352 | 32.7 | 3.20 | 16.9 | 11.2 | 14.7 | 8.0 | 19.7 |
| LAURUS LABS LIMITED | 1,06,375 | 97.2 | 19.59 | 59.3 | 16.4 | 17.2 | 7.2 | 32.0 |
| DR. REDDY S LABORATORIES | 97,319 | 30.1 | 2.55 | 13.1 | 10.9 | 13.0 | 12.1 | 15.0 |
| AUROBINDO PHARMA LTD | 96,656 | 26.3 | 2.55 | 13.4 | 9.2 | 12.6 | 6.3 | 23.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 22.7 | 28.9 | 67 of 169 | 61% |
| P/B | 3.4 | 3.3 | 84 of 163 | 49% |
| ROCE | 21.7 | 10.8 | 28 of 183 | 85% |
| ROE | 17.5 | 10.4 | 32 of 171 | 82% |
| Debt / Equity | 0.3 | 0.1 | 115 of 171 | 33% |
| EBITDA margin | 18.4 | 17.5 | 77 of 165 | 54% |
| Revenue growth | (10.6) | 16.3 | 133 of 161 | 18% |
| Profit growth | (55.9) | 30.9 | 135 of 158 | 15% |
| Market cap | 1362 | 839 | 84 of 182 | 54% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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