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Ind-Swift Overview

Established in 1986 by Mr. Gopal Munjal, Ind-Swift Limited is a prominent pharmaceutical company in India. The company manufactures and markets a wide range of pharmaceutical products, including active pharmaceutical ingredients (APIs), formulations, and nutraceuticals. Ind-Swift's clientele includes healthcare providers, hospitals, and pharmacies both domestically and internationally. Promoted by Munjal family, company's mission is to provide high-quality pharmaceutical products that improve patient health and well-being. Ind-Swift's state-of-...Read More

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Ind-Swift Key Financials

Market Cap ₹85 Cr.

Stock P/E 6

P/B -0.2

Current Price ₹15.7

Book Value ₹ -75.2

Face Value 2

52W High ₹19.9

Dividend Yield 0%

52W Low ₹ 12

Ind-Swift Share Price

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Volume
Price

Ind-Swift Quarterly Price

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Ind-Swift Peer Comparison

Ind-Swift Quarterly Results

#(Fig in Cr.) Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Net Sales 107 106 149 116 103 135 114 136 120 145
Other Income 3 6 6 3 3 46 40 5 3 9
Total Income 110 112 154 119 105 181 154 141 123 154
Total Expenditure 89 98 130 105 98 121 111 122 113 148
Operating Profit 21 14 24 14 7 61 43 19 10 6
Interest 15 14 15 18 15 14 10 10 10 10
Depreciation 7 7 7 7 7 7 5 5 6 7
Exceptional Income / Expenses 0 61 0 0 0 0 0 0 0 273
Profit Before Tax -1 53 2 -11 -15 40 28 4 -5 261
Provision for Tax 0 0 0 0 0 2 0 0 0 4
Profit After Tax -1 53 2 -11 -15 38 28 4 -5 257
Adjustments 0 0 0 0 0 0 -0 0 0 0
Profit After Adjustments -1 53 2 -11 -15 38 28 4 -5 257
Adjusted Earnings Per Share -0.2 9.8 0.4 -2 -2.8 6.9 5.2 0.8 -1 47.4

Ind-Swift Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 304 263 270 398 411 502 515
Other Income 13 14 15 24 12 58 57
Total Income 317 277 284 421 423 560 572
Total Expenditure 461 328 264 352 369 454 494
Operating Profit -144 -52 21 69 54 107 78
Interest 19 16 11 57 60 63 40
Depreciation 36 36 35 32 29 27 23
Exceptional Income / Expenses 0 -260 -28 1 61 0 273
Profit Before Tax -200 -363 -53 -20 26 16 288
Provision for Tax 0 1 1 0 0 2 4
Profit After Tax -200 -364 -54 -20 26 14 284
Adjustments -14 -8 4 0 0 0 0
Profit After Adjustments -214 -373 -50 -20 26 14 284
Adjusted Earnings Per Share -42.4 -68.8 -9.3 -3.7 4.8 2.6 52.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 22% 23% 11% 0%
Operating Profit CAGR 98% 72% 0% 0%
PAT CAGR -46% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 20% 22% 31% 13%
ROE Average 0% 0% 0% 0%
ROCE Average 26% 22% -0% -4%

Ind-Swift Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds -245 -616 -663 -720 -705 -691
Minority's Interest 0 0 0 0 0 0
Borrowings 672 665 667 619 403 1010
Other Non-Current Liabilities 8 7 13 15 14 15
Total Current Liabilities 621 608 598 718 936 320
Total Liabilities 1055 665 615 632 649 654
Fixed Assets 374 342 311 236 216 184
Other Non-Current Assets 59 116 118 154 159 129
Total Current Assets 612 206 186 242 273 342
Total Assets 1055 665 615 632 649 654

Ind-Swift Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 17 17 9 29 16 13
Cash Flow from Operating Activities -119 -2 7 50 73 15
Cash Flow from Investing Activities 10 4 -6 -18 -29 77
Cash Flow from Financing Activities 110 -11 -6 -45 -47 -42
Net Cash Inflow / Outflow 0 -8 -5 -13 -3 50
Closing Cash & Cash Equivalent 17 9 4 16 13 63

Ind-Swift Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) -42.42 -68.81 -9.31 -3.7 4.81 2.63
CEPS(Rs) -32.49 -60.66 -3.6 2.23 10.1 7.63
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) -54.86 -116.26 -125.06 -132.99 -130.1 -127.54
Core EBITDA Margin(%) -51 -24.48 2.33 11.22 10.04 9.18
EBIT Margin(%) -58.75 -129.89 -15.49 9.29 20.5 15.02
Pre Tax Margin(%) -64.91 -135.99 -19.73 -4.85 6.22 3.11
PAT Margin (%) -64.97 -136.33 -20.01 -4.95 6.22 2.69
Cash Profit Margin (%) -53.16 -122.95 -7.21 2.98 13.07 7.82
ROA(%) -18.95 -42.37 -8.46 -3.21 4.07 2.18
ROE(%) 0 0 0 0 0 0
ROCE(%) -22.84 -56.7 -10.34 10.83 28.45 25.99
Receivable days 451.08 333.86 129.49 78.62 85.13 88.62
Inventory Days 107.86 88.79 56.99 51.94 69.31 52.96
Payable days 290.34 370.59 388.38 320.17 367.14 283.39
PER(x) 0 0 0 0 1.5 6.97
Price/Book(x) -0.1 -0.05 -0.06 -0.08 -0.06 -0.14
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 3.52 4.12 4.04 2.72 2.48 2.09
EV/Core EBITDA(x) -7.41 -20.96 52.27 15.68 18.9 9.86
Net Sales Growth(%) 0 -13.56 2.57 47.4 3.33 22.21
EBIT Growth(%) 0 -91.96 87.92 189.6 128.45 -7.46
PAT Growth(%) 0 -82.19 85.14 63.01 230.05 -45.34
EPS Growth(%) 0 -62.2 86.47 60.3 230.05 -45.34
Debt/Equity(x) -4 -1.7 -1.57 -1.44 -1.41 -1.47
Current Ratio(x) 0.99 0.34 0.31 0.34 0.29 1.07
Quick Ratio(x) 0.84 0.28 0.24 0.24 0.2 0.87
Interest Cover(x) -9.53 -21.27 -3.66 0.66 1.44 1.26
Total Debt/Mcap(x) 38.57 34.44 26.62 17.09 25.38 10.23

Ind-Swift Shareholding Pattern

# Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
Promoter 55.58 55.58 55.58 55.58 55.58 55.58 55.58 55.58 55.58 55.58
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 44.42 44.42 44.42 44.42 44.42 44.42 44.42 44.42 44.42 44.42
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Ind-Swift News

Ind-Swift Pros & Cons

Pros

  • Stock is trading at -0.2 times its book value
  • Debtor days have improved from 367.14 to 283.39days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
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