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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹9 Cr.
Stock P/E
21.4
P/B
1.9
Current Price
₹19.5
Book Value
₹ 10.4
Face Value
10
52W High
₹30.4
52W Low
₹ 18.6
Dividend Yield
0%

Unjha Formulations Overview

Business

Unjha Formulations Ltd. is an Indian pharmaceutical company primarily engaged in the manufacturing, marketing, and distribution of pharmaceutical formulations. Its core business model revolves around developing various dosage forms (like tablets, capsules, liquids, etc.) for a range of therapeutic areas. The company likely focuses on the generic drugs segment, producing off-patent medicines. It generates revenue by selling these pharmaceutical products to hospitals, pharmacies, government agencies, and through a network of distributors, serving both domestic and potentially international markets.

Revenue Mix

Specific revenue breakdowns for Unjha Formulations Ltd. are not publicly available in detail without access to financial reports. However, for a formulations company in India, potential key segments often include:

Therapeutic Areas: (e.g., anti-infectives, pain management, gastrointestinal, cardiovascular, derma, etc.)

Dosage Forms: (e.g., solid orals, liquids, injectables, topical preparations)

Market Geography: (e.g., Domestic India sales vs. Exports)

Given the name "Unjha," there might also be a specialization or strong historical connection to Ayurvedic or herbal formulations, which could constitute a distinct segment if pursued.

Industry

The Indian pharmaceutical industry is highly dynamic, competitive, and a significant global player, particularly in generic drugs. It is characterized by intense price competition, stringent regulatory requirements, and a strong focus on manufacturing cost efficiency. The industry benefits from increasing healthcare expenditure, a growing burden of chronic diseases, and rising health awareness. Unjha Formulations Ltd. likely operates as a small to mid-sized player within this fragmented landscape. Its positioning would depend on its specific therapeutic focus, manufacturing capabilities, and distribution reach, competing with numerous domestic and multinational companies, including larger generic manufacturers with established scale and market presence.

MOAT

For a company like Unjha Formulations, durable competitive advantages (moats) are challenging to establish, especially against larger, more diversified players. Potential advantages could include:

Cost Efficiency in Manufacturing: Ability to produce formulations at a competitive cost, essential for generic markets.

Regulatory Expertise: Proficiency in navigating the complex regulatory approval processes in India and potential export markets.

Established Distribution Network: A robust network within its target markets to ensure product reach.

Niche Specialization: If the company focuses on specific therapeutic areas or unique formulations (e.g., Ayurvedic/herbal products if applicable), it could carve out a niche.

Product Portfolio: A well-curated portfolio of stable, in-demand generic products.

Brand recognition for specific products, particularly in the over-the-counter (OTC) segment, could also be a minor advantage.

Growth Drivers

Key factors that can drive growth for Unjha Formulations Ltd. over the next 3-5 years include:

Growing Domestic Pharma Market: Increasing healthcare access, rising income levels, and a growing burden of both communicable and non-communicable diseases in India.

New Product Launches: Introduction of new generic formulations, especially in high-growth or underserved therapeutic areas.

Capacity Expansion: Increasing manufacturing capabilities to meet growing demand or enter new markets.

Geographic Expansion: Venturing into new states within India or exploring export opportunities in regulated or semi-regulated markets.

Government Healthcare Initiatives: Programs like Ayushman Bharat boosting demand for affordable generic medicines.

Focus on Speciality Segments: Developing expertise in niche therapeutic areas can command better margins.

Risks

Intense Competition and Price Erosion: The generic market is highly competitive, leading to constant pressure on pricing and margins.

Regulatory Changes: Stricter drug pricing policies, manufacturing standards, or approval processes from regulatory bodies in India and abroad.

Raw Material Price Volatility: Dependence on Active Pharmaceutical Ingredients (APIs) and excipients, whose prices can fluctuate due to supply chain disruptions or global demand.

Product Obsolescence: Generic products can face rapid competition once other manufacturers launch similar versions.

Quality Control & Compliance: Any lapses in manufacturing quality or regulatory compliance can lead to product recalls, reputational damage, and financial penalties.

Currency Fluctuations: For companies involved in exports or imports, adverse currency movements can impact profitability.

Management & Ownership

As is common with many Indian companies, Unjha Formulations Ltd. is likely to be promoter-driven, meaning a founding family or group holds a significant ownership stake and plays a key role in management and strategic decision-making. Specific details regarding the quality of management, their experience, or the precise ownership structure (e.g., promoter vs. institutional vs. public shareholding) are not readily available without access to detailed company filings or reports.

Outlook

Unjha Formulations operates in a sector with robust underlying growth drivers, driven by India's large population, increasing healthcare needs, and expanding affordability. The company stands to benefit from the general expansion of the Indian pharmaceutical market, particularly in the generics segment, and potential opportunities in specific therapeutic niches or export markets. However, the outlook is balanced by significant challenges including intense price competition, the ever-present risk of regulatory changes, and the need for continuous investment in R&D and quality control. Sustained growth will depend on the company's ability to maintain cost efficiency, strategically expand its product portfolio, ensure rigorous quality compliance, and effectively navigate a highly competitive and regulated environment.

Unjha Formulations Share Price

Live · BSE · Inception: 1994
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Unjha Formulations Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 6 4 4 4 4 2 4 4 4 3
Other Income -0 0 0 0 0 0 0 0 0 0
Total Income 6 4 4 4 4 2 4 4 4 3
Total Expenditure 5 4 3 4 4 3 3 4 4 4
Operating Profit 0 0 1 -0 0 -0 0 1 0 -0
Interest 0 0 0 0 0 -0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 -0 1 -0 0 -0 0 1 0 -0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 -0 1 -0 0 -0 0 1 0 -1
Adjustments -0 0 0 -0 -0 0 0 0 0 0
Profit After Adjustments 0 -0 1 -0 0 -0 0 1 0 -1
Adjusted Earnings Per Share 0.9 -0.4 1.6 -0.2 0.5 -0.9 0.9 1.8 0.5 -1.7

Unjha Formulations Profit & Loss

#(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 9 10 12 11 11 11 10 14 13 18 14 15
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 9 10 12 11 12 11 10 14 13 19 14 15
Total Expenditure 9 10 12 11 11 10 10 14 13 18 13 15
Operating Profit 0 0 0 0 0 1 1 1 0 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 0 0 0 0 0 1 1
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 0 0 0 0 0 0 0 0 0 0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Adjusted Earnings Per Share 0.4 0.6 0.7 0.6 0.7 0.7 0.2 0.6 0.6 0.6 0.9 1.5

Unjha Formulations Balance Sheet

#(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 0 1 1 1 2 2 2 2 2 3 3
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 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 3 2 3 3 2 2 2 1 1 2 1
Total Liabilities 3 3 4 4 4 4 4 3 3 5 5
Fixed Assets 1 1 1 1 1 1 1 1 1 1 1
Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 2 2 2 3 3 3 2 2 2 4 3
Total Assets 3 3 4 4 4 4 4 3 3 5 5

Unjha Formulations Cash Flow

#(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 1 0 0 0 0 1 1 0 0 0 1
Cash Flow from Operating Activities -1 0 0 0 -0 0 -1 0 -0 1 -0
Cash Flow from Investing Activities -0 -0 -0 0 0 -0 -0 -0 -0 -0 -0
Cash Flow from Financing Activities 0 -0 0 -0 0 0 0 0 -0 -0 -0
Net Cash Inflow / Outflow -0 -0 0 0 0 0 -1 0 -0 1 -0
Closing Cash & Cash Equivalent 0 0 0 0 1 1 0 0 0 1 1

Unjha Formulations Ratios

# 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) 0.39 0.57 0.66 0.59 0.67 0.69 0.23 0.56 0.63 0.62 0.91
CEPS(Rs) 0.6 0.76 0.86 0.81 0.86 0.86 0.41 0.73 0.8 0.8 1.13
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0.35 0.93 1.59 2.17 3.36 4.05 4.28 4.84 5.48 6.1 7.01
Core EBITDA Margin(%) 2.09 3.51 3.09 3.03 2.62 2.34 3.66 2.27 3.29 3.11 3.63
EBIT Margin(%) 2.08 3.46 3.24 2.46 2.76 4.01 5.03 3.05 2.95 2.74 3.83
Pre Tax Margin(%) 1.94 2.48 2.41 2.32 2.63 2.91 3.31 2.12 2.51 2.44 3.78
PAT Margin (%) 1.94 2.48 2.41 2.32 2.63 2.91 1.04 1.78 2.15 1.5 2.94
Cash Profit Margin (%) 3 3.3 3.14 3.21 3.38 3.65 1.86 2.32 2.73 1.94 3.65
ROA(%) 4.92 8.26 8.82 6.79 7.89 8.37 2.86 7.23 8.23 6.66 8.59
ROE(%) 244.18 89.75 52.48 31.18 24.22 18.57 5.55 12.35 12.22 10.72 13.88
ROCE(%) 68.66 73.7 67.61 32.15 25.41 25.57 26.8 21.13 16.76 19.53 18.11
Receivable days 32.48 26.13 21.68 23.01 33.8 42.85 38.98 21.54 24.21 26.23 41.04
Inventory Days 29.47 22.5 25.54 35.25 25.05 17.79 29.9 28.56 30.61 23.63 30.17
Payable days 171.83 113.9 101.47 118.76 113.01 98.23 93.87 49.53 38.18 35.61 52.41
PER(x) 13.33 16.3 20.47 21.16 11.92 8.36 36.78 16.66 19.83 30.47 23.99
Price/Book(x) 14.66 10.1 8.51 5.71 2.38 1.42 1.99 1.94 2.28 3.1 3.11
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.28 0.39 0.47 0.45 0.26 0.15 0.37 0.27 0.43 0.41 0.66
EV/Core EBITDA(x) 8.96 9.03 11.87 13.37 7.3 3.25 6.25 7.44 12.05 12.93 14.5
Net Sales Growth(%) 34.46 16.04 18.09 -7.73 1.12 -7.18 -6.1 42.28 -7.13 40.61 -25.05
EBIT Growth(%) 44.17 92.64 10.46 -29.81 13.31 34.77 17.81 -13.66 -10.3 30.63 5.02
PAT Growth(%) 39.76 48.08 14.86 -11.15 14.35 2.7 -66.42 143.86 11.88 -1.63 46.64
EPS Growth(%) 39.75 48.08 14.86 -11.15 14.35 2.69 -66.42 143.86 11.88 -1.63 46.65
Debt/Equity(x) 2.53 0 0.06 0 0 0 0 0 0 0 0
Current Ratio(x) 0.68 0.73 0.83 0.93 1.18 1.35 1.49 1.86 2.42 1.74 2.37
Quick Ratio(x) 0.43 0.49 0.42 0.56 0.93 1.1 0.78 1.02 1.23 1.16 1.64
Interest Cover(x) 14.94 3.54 3.94 17.91 21.22 3.65 2.93 3.26 6.69 9.31 65.63
Total Debt/Mcap(x) 0.17 0 0.01 0 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -22% 0% +5% +5%
Operating Profit CAGR 0% 0% 0%
PAT CAGR
Share Price CAGR -18% +14% +17% +8%
ROE Average +14% +12% +11% +47%
ROCE Average +18% +18% +20% +36%

Unjha Formulations Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 36.92 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 63.08 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 36.9236.9236.9236.9236.9236.9236.9236.9236.9236.92
FII 0000000000
DII 0000000000
Public 63.0863.0863.0863.0863.0863.0863.0863.0863.0863.08
Others 0000000000
Total 100100100100100100100100100100

Unjha Formulations Peer Comparison

Pharmaceuticals & Drugs Edit Columns

Unjha Formulations Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Unjha Formulations Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 36.92%.
  • Company has a low return on equity of 12% over the last 3 years.
  • Debtor days have increased from 35.61 to 52.41days.
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