Pharmaceuticals & Drugs · Founded 1998 · www.tycheindustries.net · BSE 532384 · · ISIN INE443B01012
No Notes Added Yet
Business
Tyche Industries Ltd. operates in the Pharmaceuticals & Drugs sector in India. As a pharmaceutical company, its core business likely involves the research, development, manufacturing, and marketing of a range of pharmaceutical products. This could include active pharmaceutical ingredients (APIs), bulk drugs, or finished formulations (generics or branded generics). The company generates revenue by selling these products to domestic and international markets, catering to healthcare providers, pharmacies, and potentially other pharmaceutical companies.
Revenue Mix
Specific revenue breakdown by major business segments for Tyche Industries Ltd. is not available from the provided information. Generally, pharmaceutical companies often categorize revenue by:
Product Type: APIs (Active Pharmaceutical Ingredients) vs. Formulations (finished dosage forms).
Geography: Domestic sales (India) vs. Exports.
Therapeutic Areas: Such as cardiovascular, anti-infectives, central nervous system, etc.
Given the typical Indian pharma landscape, the company likely has a mix of domestic and international sales, potentially across various product types.
Industry
The Indian Pharmaceuticals & Drugs sector is one of the largest globally, known for its strong generic drug manufacturing capabilities. It is highly competitive, characterized by numerous domestic and multinational players, significant price pressure, and evolving regulatory landscapes. The industry is fragmented, with a few large players and many mid-sized to small companies. Without specific details on Tyche Industries' product portfolio, market share, or focus areas, its positioning within this competitive landscape cannot be precisely determined. It likely competes with other domestic players on factors such as cost-effectiveness, product quality, regulatory compliance, and market access.
MOAT
Without specific information, it's difficult to ascertain Tyche Industries Ltd.'s durable competitive advantages. Potential moats in the pharmaceutical sector, which Tyche may or may not possess, include:
Scale & Cost Efficiency: Large-scale manufacturing and backward integration can lead to lower production costs.
Regulatory Expertise: Strong capabilities in navigating complex global regulatory approval processes (e.g., US FDA, European EMA).
R&D Capabilities: Ability to develop new drugs, complex generics, or niche molecules.
Strong Distribution Network: Extensive reach in domestic and international markets.
Brand Recognition: For branded generic formulations in specific therapeutic areas.
The existence and strength of these advantages for Tyche Industries would require further company-specific analysis.
Growth Drivers
Key factors that could drive growth for Tyche Industries Ltd. over the next 3-5 years include:
Increasing Healthcare Expenditure: Rising income levels, insurance penetration, and awareness in India.
Growing Burden of Chronic Diseases: An aging population and lifestyle changes contribute to demand for pharmaceutical products.
Genericization Trend: Opportunities in developing and launching affordable generic versions of off-patent drugs in regulated markets.
Expansion into Emerging Markets: Tapping into growing pharmaceutical demand in other developing economies.
New Product Launches: Successful development and commercialization of new APIs or formulations.
Government Initiatives: Schemes promoting affordable healthcare and 'Make in India' for pharmaceuticals.
Risks
Tyche Industries Ltd. faces several business risks common to the pharmaceutical sector:
Regulatory Risk: Strict and evolving regulations in domestic and international markets (e.g., price controls, manufacturing standards, import/export policies).
Intense Competition & Pricing Pressure: Leading to margin erosion, especially in the generics segment.
R&D Failure/Delays: High costs associated with drug development and uncertain success rates.
Supply Chain Disruptions: Dependency on raw materials, some of which may be imported, can lead to volatility.
Currency Fluctuations: Affecting profitability from international sales and raw material imports.
Intellectual Property Challenges: Potential litigation or disputes over patents.
Environmental, Social, and Governance (ESG) Risks: Non-compliance with environmental norms or ethical manufacturing practices.
Management & Ownership
In India, many companies, especially mid-sized ones, are promoter-driven, meaning the founding family or individuals often hold significant ownership and play a crucial role in management. Without specific details on Tyche Industries Ltd., it is assumed to have a board of directors and a professional management team responsible for day-to-day operations and strategic direction, accountable to shareholders. The ownership structure would typically involve the promoter group holding a significant stake, alongside institutional investors, high net-worth individuals, and retail public shareholders. The quality of management is critical for navigating the complex pharmaceutical landscape, ensuring regulatory compliance, and driving innovation and growth.
Outlook
The outlook for Tyche Industries Ltd., operating in the Indian pharmaceutical sector, presents a balanced view. On the bullish side, the robust long-term growth trajectory of the global and Indian pharmaceutical markets, driven by demographic shifts, increasing disease burden, and healthcare access, provides a strong foundation. Companies with a focus on R&D, cost-effective manufacturing, and strong regulatory compliance are well-positioned to capitalize on opportunities, particularly in generics and contract manufacturing. However, the bearish case highlights significant headwinds. The sector is characterized by intense domestic and international competition, leading to sustained pricing pressure and potential margin contraction. Regulatory scrutiny is increasing globally, posing compliance challenges and potentially higher operating costs. Furthermore, dependence on a limited product portfolio or specific markets could expose the company to concentrated risks. Tyche Industries' success will hinge on its ability to innovate, manage regulatory complexities, optimize costs, and strategically expand its market presence.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 16 | 22 | 14 | 16 | 21 | 18 | 12 | 13 | 14 | 11 |
| Other Income | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 |
| Total Income | 18 | 24 | 16 | 17 | 22 | 20 | 14 | 14 | 17 | 12 |
| Total Expenditure | 13 | 17 | 12 | 13 | 16 | 13 | 13 | 11 | 14 | 9 |
| Operating Profit | 5 | 6 | 3 | 4 | 7 | 7 | 2 | 4 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 4 | 6 | 3 | 4 | 5 | 6 | 1 | 3 | 2 | 2 |
| Provision for Tax | 1 | 2 | 1 | 1 | 1 | 2 | 0 | 1 | 1 | 1 |
| Profit After Tax | 3 | 4 | 2 | 3 | 4 | 5 | 1 | 2 | 2 | 2 |
| Adjustments | 0 | 0 | 0 | -0 | -0 | 0 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | 3 | 4 | 2 | 3 | 4 | 5 | 1 | 2 | 2 | 2 |
| Adjusted Earnings Per Share | 3.1 | 4.2 | 2.1 | 2.7 | 3.9 | 4.6 | 0.9 | 2.4 | 1.5 | 1.8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 64 | 54 | 43 | 52 | 54 | 74 | 78 | 62 | 75 | 70 | 65 | 50 |
| Other Income | 0 | 2 | 2 | 2 | 2 | 4 | 5 | 4 | 5 | 6 | 7 | 9 |
| Total Income | 64 | 56 | 44 | 53 | 56 | 77 | 83 | 66 | 80 | 75 | 73 | 57 |
| Total Expenditure | 57 | 51 | 37 | 43 | 45 | 52 | 54 | 51 | 59 | 57 | 54 | 47 |
| Operating Profit | 7 | 5 | 8 | 11 | 12 | 25 | 29 | 15 | 21 | 19 | 19 | 12 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -0 | 0 | 0 | 0 |
| Profit Before Tax | 3 | 3 | 6 | 9 | 10 | 23 | 27 | 13 | 19 | 17 | 17 | 8 |
| Provision for Tax | 1 | 0 | 3 | 3 | 3 | 6 | 7 | 3 | 5 | 4 | 4 | 3 |
| Profit After Tax | 2 | 2 | 3 | 6 | 7 | 18 | 20 | 9 | 14 | 12 | 12 | 7 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 2 | 2 | 3 | 6 | 7 | 18 | 20 | 9 | 14 | 12 | 12 | 7 |
| Adjusted Earnings Per Share | 1.9 | 2.4 | 3 | 5.7 | 7 | 17.1 | 19.5 | 9.1 | 13.8 | 11.9 | 12.1 | 6.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -7% | 2% | -3% | 0% |
| Operating Profit CAGR | 0% | 8% | -5% | 11% |
| PAT CAGR | 0% | 10% | -8% | 20% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 1% | -7% | -8% | 9% |
| ROE Average | 9% | 11% | 13% | 12% |
| ROCE Average | 13% | 15% | 17% | 16% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 44 | 46 | 48 | 53 | 60 | 77 | 96 | 104 | 117 | 127 | 137 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 1 | 1 |
| Total Current Liabilities | 18 | 20 | 10 | 10 | 11 | 15 | 18 | 13 | 21 | 10 | 13 |
| Total Liabilities | 64 | 67 | 61 | 67 | 74 | 95 | 117 | 120 | 141 | 138 | 151 |
| Fixed Assets | 29 | 28 | 27 | 20 | 19 | 18 | 18 | 17 | 17 | 18 | 16 |
| Other Non-Current Assets | 2 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 8 | 4 | 10 |
| Total Current Assets | 33 | 36 | 32 | 45 | 53 | 75 | 96 | 101 | 117 | 117 | 125 |
| Total Assets | 64 | 67 | 61 | 67 | 74 | 95 | 117 | 120 | 141 | 138 | 151 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 1 | 14 | 14 | 25 | 29 | 46 | 61 | 68 | 69 | 79 |
| Cash Flow from Operating Activities | 2 | 12 | 11 | 5 | 4 | 15 | 15 | 4 | 6 | 8 | 9 |
| Cash Flow from Investing Activities | -1 | -1 | 1 | 6 | 1 | 2 | 0 | 3 | -3 | 4 | -1 |
| Cash Flow from Financing Activities | -3 | 2 | -11 | -1 | -0 | -1 | -1 | -1 | -2 | -2 | -3 |
| Net Cash Inflow / Outflow | -2 | 12 | 1 | 11 | 4 | 17 | 15 | 7 | 2 | 10 | 5 |
| Closing Cash & Cash Equivalent | 1 | 14 | 15 | 25 | 29 | 46 | 61 | 68 | 69 | 79 | 84 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.89 | 2.41 | 3.01 | 5.72 | 6.97 | 17.14 | 19.51 | 9.11 | 13.83 | 11.95 | 12.11 |
| CEPS(Rs) | 5.15 | 4.13 | 4.84 | 7.52 | 8.77 | 18.84 | 21.19 | 10.85 | 15.56 | 13.84 | 14.05 |
| DPS(Rs) | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 1 | 1 | 1.5 | 2 | 2.5 | 3 |
| Book NAV/Share(Rs) | 42.8 | 44.56 | 46.81 | 51.85 | 58.82 | 75.32 | 93.66 | 101.72 | 113.96 | 123.7 | 133.43 |
| Core EBITDA Margin(%) | 10.66 | 5.22 | 13.22 | 17.19 | 17.21 | 29.02 | 31.59 | 17.61 | 21.42 | 18.2 | 17.24 |
| EBIT Margin(%) | 6.01 | 5.08 | 13.25 | 16.89 | 18.21 | 31.65 | 34.18 | 20.3 | 25.32 | 23.93 | 25.53 |
| Pre Tax Margin(%) | 4.33 | 4.56 | 13.07 | 16.88 | 18.2 | 31.65 | 34.17 | 20.29 | 25.32 | 23.92 | 25.53 |
| PAT Margin (%) | 2.92 | 4.41 | 6.79 | 11.16 | 13.21 | 23.82 | 25.54 | 14.99 | 18.8 | 17.61 | 18.95 |
| Cash Profit Margin (%) | 7.97 | 7.56 | 10.91 | 14.67 | 16.62 | 26.18 | 27.74 | 17.86 | 21.15 | 20.41 | 21.99 |
| ROA(%) | 2.8 | 3.75 | 4.79 | 9.18 | 10.16 | 20.82 | 18.88 | 7.87 | 10.84 | 8.76 | 8.57 |
| ROE(%) | 4.42 | 5.52 | 6.59 | 11.61 | 12.6 | 25.55 | 23.08 | 9.32 | 12.83 | 10.06 | 9.42 |
| ROCE(%) | 7.4 | 5.22 | 11.53 | 17.56 | 17.36 | 33.94 | 30.89 | 12.63 | 17.27 | 13.66 | 12.69 |
| Receivable days | 79.85 | 103.38 | 101.7 | 66.33 | 66.79 | 57.2 | 70.11 | 98.34 | 93.2 | 108.17 | 101.01 |
| Inventory Days | 82.7 | 59.66 | 39.66 | 33.99 | 44.99 | 43.46 | 47.85 | 65.06 | 70.72 | 80.15 | 81.39 |
| Payable days | 107.99 | 90.96 | 135.93 | 98.92 | 89.65 | 85.34 | 95.07 | 84.32 | 99.08 | 101.61 | 70.62 |
| PER(x) | 10.78 | 16.43 | 24.06 | 18.75 | 9.89 | 4.37 | 8.74 | 15.17 | 10.09 | 14.7 | 10.99 |
| Price/Book(x) | 0.48 | 0.89 | 1.55 | 2.07 | 1.17 | 0.99 | 1.82 | 1.36 | 1.23 | 1.42 | 1 |
| Dividend Yield(%) | 2.46 | 1.26 | 0.69 | 0.47 | 0.72 | 1.34 | 0.59 | 1.09 | 1.43 | 1.42 | 2.25 |
| EV/Net Sales(x) | 0.44 | 0.7 | 1.39 | 1.65 | 0.77 | 0.42 | 1.45 | 1.19 | 0.98 | 1.45 | 0.8 |
| EV/Core EBITDA(x) | 3.85 | 8.22 | 7.5 | 7.93 | 3.54 | 1.23 | 3.86 | 4.9 | 3.52 | 5.44 | 2.78 |
| Net Sales Growth(%) | -38.79 | -15.32 | -21.21 | 21.09 | 4.82 | 36.62 | 6.16 | -20.42 | 21.07 | -7.79 | -5.81 |
| EBIT Growth(%) | -57.25 | -28.5 | 111.6 | 47.6 | 11.01 | 136.83 | 14.63 | -52.74 | 51.02 | -12.86 | 0.51 |
| PAT Growth(%) | -65.03 | 27.73 | 24.85 | 90.41 | 21.89 | 145.72 | 13.81 | -53.31 | 51.87 | -13.61 | 1.34 |
| EPS Growth(%) | -65.03 | 27.73 | 24.85 | 90.14 | 21.89 | 145.72 | 13.81 | -53.31 | 51.87 | -13.61 | 1.34 |
| Debt/Equity(x) | 0.2 | 0.24 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 1.83 | 1.84 | 3.2 | 4.37 | 4.97 | 5.12 | 5.41 | 7.87 | 5.57 | 11.35 | 9.26 |
| Quick Ratio(x) | 1.11 | 1.57 | 2.76 | 3.85 | 4.22 | 4.47 | 4.8 | 7 | 4.71 | 10.13 | 8.03 |
| Interest Cover(x) | 3.57 | 9.81 | 70.95 | 1055.27 | 2127.93 | 0 | 3613.84 | 0 | 0 | 8315.3 | 0 |
| Total Debt/Mcap(x) | 0.42 | 0.27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.97 | 61.97 | 61.97 | 61.97 | 61.97 | 61.97 | 61.97 | 62.05 | 61.97 | 61.97 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 38.03 | 38.03 | 38.03 | 38.03 | 38.03 | 38.03 | 38.03 | 37.95 | 38.03 | 38.03 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.02 | 1.03 | 1.03 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -7% | +2% | -3% | 0% |
| Operating Profit CAGR | 0% | +8% | -5% | +11% |
| PAT CAGR | 0% | +10% | -8% | +20% |
| Share Price CAGR | +1% | -7% | -8% | +9% |
| ROE Average | +9% | +11% | +13% | +12% |
| ROCE Average | +13% | +15% | +17% | +16% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.97 | 61.97 | 61.97 | 61.97 | 61.97 | 61.97 | 61.97 | 62.05 | 61.97 | 61.97 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 38.03 | 38.03 | 38.03 | 38.03 | 38.03 | 38.03 | 38.03 | 37.95 | 38.03 | 38.03 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.02 | 1.03 | 1.03 |
* The pros and cons are machine generated.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.