Pharmaceuticals & Drugs · Founded 1988 · www.wanbury.com · BSE 524212 · NSE WANBURY LTD · ISIN INE107F01022
No Notes Added Yet
Business
Wanbury Ltd. operates in the Pharmaceuticals & Drugs sector in India. Its core business involves the manufacturing, marketing, and distribution of pharmaceutical formulations (finished dosage forms) across various therapeutic areas. The company primarily generates revenue by selling its portfolio of prescription drugs and potentially some over-the-counter (OTC) products to healthcare professionals and consumers through a network of distributors and pharmacies. It caters predominantly to the domestic Indian market.
Revenue Mix
Specific segment-wise revenue breakdown is not provided in the given information. However, typical segments for an Indian pharmaceutical company like Wanbury may include:
Formulations (Domestic Market): Sale of finished dosage forms within India, covering various therapeutic segments. This is likely the primary revenue driver.
Formulations (International Market): Exports of formulations to other regulated or semi-regulated markets.
Active Pharmaceutical Ingredients (APIs): Manufacturing and sale of raw materials used in drug production.
Without specific data, it is difficult to ascertain the exact contribution of each segment.
Industry
The Indian Pharmaceuticals & Drugs industry is highly competitive, fragmented, and significantly regulated. It is characterized by a strong focus on generic drugs, a growing domestic market, and increasing export potential. Wanbury Ltd. operates as a domestic player within this landscape. Its positioning is likely that of a mid-to-small-sized company, competing with larger established players and numerous other smaller entities, often by focusing on specific therapeutic niches or regional strengths. Success depends on product portfolio, marketing strength, and regulatory compliance.
MOAT
Wanbury Ltd. likely operates in a generic-heavy market, which inherently offers limited sustainable moats compared to innovative pharma companies. Potential competitive advantages, if any, could include:
Brand Recognition: Strong domestic brand equity for specific products in particular therapeutic areas (e.g., pain management, women's health, or nutritionals).
Distribution Network: An established and efficient sales and distribution network across India.
Regulatory Compliance & Manufacturing Quality: Adherence to stringent quality standards and regulatory approvals (e.g., WHO-GMP) for its manufacturing facilities, which is crucial for market access and reputation.
Niche Focus: Specialization in certain therapeutic segments where it has developed expertise and market presence.
However, these advantages are often susceptible to intense competition and pricing pressure.
Growth Drivers
Increasing Healthcare Spending: Rising disposable incomes, greater health awareness, and an expanding middle class in India drive demand for pharmaceutical products.
Prevalence of Chronic and Lifestyle Diseases: The growing burden of chronic diseases and lifestyle-related ailments necessitates sustained demand for medicines.
New Product Launches: Introduction of new generic formulations or differentiated products in existing or new therapeutic segments.
Market Penetration: Expanding sales reach into untapped rural and semi-urban markets in India.
Government Healthcare Initiatives: Public health programs and schemes that increase access to medicines.
Risks
Intense Competition & Pricing Pressure: The highly fragmented Indian pharma market leads to fierce competition, resulting in constant pressure on drug pricing and profit margins.
Regulatory Changes: Adverse changes in drug pricing policies, manufacturing standards, or marketing regulations by the Indian government.
Raw Material Volatility: Fluctuations in the prices and availability of Active Pharmaceutical Ingredients (APIs) and other key raw materials, many of which are sourced internationally.
Product Concentration: Over-reliance on a few key brands or therapeutic areas, making the company vulnerable to product-specific risks or market shifts.
Marketing & Sales Effectiveness: Inability to effectively market and distribute products against well-entrenched competitors.
Management & Ownership
In India, many listed companies, especially mid-sized ones, are promoter-led, meaning a founding family or group holds a significant stake and exerts substantial control over strategic decisions. While specific details on the current management quality are not provided, success in the Indian pharma sector requires strong industry knowledge, regulatory acumen, and effective sales/marketing leadership. Ownership typically involves a promoter group holding, institutional investors, and public shareholders.
Outlook
Wanbury Ltd. operates in a fundamentally growing Indian pharmaceutical market, driven by demographic trends and increasing healthcare needs. This provides a supportive backdrop for long-term demand for its products. The company's future performance will largely depend on its ability to effectively navigate the highly competitive landscape, manage pricing pressures, and consistently introduce new and relevant products. Success in building strong brands in its chosen therapeutic areas and maintaining operational efficiency will be crucial. Conversely, intense competition, adverse regulatory interventions (like price controls), and rising input costs pose significant challenges that could impact profitability and growth prospects.
| #(Fig in Cr.) | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 133 | 146 | 144 | 145 | 140 | 131 | 161 | 133 | 172 | 163 |
| Other Income | -2 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 0 |
| Total Income | 131 | 147 | 145 | 146 | 140 | 132 | 163 | 134 | 174 | 164 |
| Total Expenditure | 119 | 133 | 127 | 124 | 121 | 120 | 141 | 120 | 142 | 139 |
| Operating Profit | 12 | 14 | 18 | 22 | 19 | 12 | 22 | 15 | 31 | 25 |
| Interest | 8 | 6 | 8 | 8 | 7 | 8 | 10 | 10 | 9 | 8 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 |
| Exceptional Income / Expenses | -1 | 0 | 0 | 0 | 26 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 5 | 7 | 10 | 34 | 1 | 8 | 1 | 19 | 14 |
| Provision for Tax | -0 | 0 | -0 | -0 | 0 | 0 | 0 | 0 | -1 | 0 |
| Profit After Tax | 1 | 5 | 7 | 10 | 34 | 1 | 8 | 1 | 20 | 13 |
| Adjustments | 0 | -0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 | -0 |
| Profit After Adjustments | 1 | 5 | 7 | 10 | 34 | 1 | 8 | 1 | 20 | 13 |
| Adjusted Earnings Per Share | 0.3 | 1.4 | 2.2 | 3.1 | 10.3 | 0.3 | 2.4 | 0.4 | 6.2 | 4.1 |
| #(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 | 250 | 423 | 434 | 371 | 391 | 367 | 393 | 511 | 500 | 578 | 600 | 629 |
| Other Income | 6 | 1 | 90 | 77 | 12 | 46 | 5 | 5 | 1 | 1 | 12 | 5 |
| Total Income | 256 | 425 | 524 | 448 | 403 | 414 | 397 | 516 | 501 | 579 | 612 | 635 |
| Total Expenditure | 228 | 391 | 415 | 439 | 378 | 389 | 377 | 479 | 477 | 506 | 532 | 542 |
| Operating Profit | 28 | 34 | 108 | 9 | 25 | 25 | 20 | 37 | 24 | 73 | 80 | 93 |
| Interest | 19 | 32 | 36 | 31 | 40 | 33 | 23 | 21 | 21 | 29 | 37 | 37 |
| Depreciation | 5 | 9 | 10 | 10 | 10 | 10 | 10 | 11 | 12 | 13 | 13 | 13 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 83 | 0 | 76 | -1 | 26 | 0 | 0 |
| Profit Before Tax | 4 | -7 | 62 | -32 | -25 | 65 | -12 | 81 | -10 | 56 | 30 | 42 |
| Provision for Tax | 1 | 0 | 0 | -0 | -0 | 0 | 0 | -0 | 0 | 0 | -1 | -1 |
| Profit After Tax | 3 | -7 | 62 | -32 | -25 | 64 | -13 | 81 | -10 | 56 | 31 | 42 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 3 | -7 | 62 | -32 | -25 | 64 | -13 | 81 | -10 | 56 | 31 | 42 |
| Adjusted Earnings Per Share | 1.6 | -3.6 | 26.7 | -13.5 | -10.5 | 25.8 | -5 | 24.9 | -3.2 | 17.1 | 9.3 | 13.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 4% | 5% | 10% | 9% |
| Operating Profit CAGR | 10% | 29% | 26% | 11% |
| PAT CAGR | -45% | -27% | -13% | 26% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -18% | 29% | 19% | 13% |
| ROE Average | 84% | 28% | 17% | 8% |
| ROCE Average | 36% | 56% | 137% | 116% |
| #(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 | -194 | -189 | -153 | -185 | -209 | -143 | -156 | -23 | -33 | 28 | 59 |
| Minority's Interest | 27 | 27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 270 | 231 | 154 | 99 | 123 | 100 | 72 | 0 | 0 | 82 | 160 |
| Other Non-Current Liabilities | 28 | 20 | 6 | 7 | 7 | 8 | 12 | 11 | 11 | 17 | 13 |
| Total Current Liabilities | 265 | 299 | 402 | 348 | 362 | 311 | 355 | 360 | 320 | 211 | 175 |
| Total Liabilities | 396 | 388 | 409 | 269 | 283 | 275 | 284 | 347 | 298 | 338 | 407 |
| Fixed Assets | 164 | 180 | 186 | 178 | 172 | 164 | 167 | 167 | 167 | 167 | 201 |
| Other Non-Current Assets | 51 | 44 | 30 | 13 | 12 | 18 | 15 | 7 | 7 | 12 | 13 |
| Total Current Assets | 181 | 164 | 192 | 78 | 98 | 94 | 98 | 171 | 122 | 159 | 193 |
| Total Assets | 396 | 388 | 409 | 269 | 283 | 275 | 284 | 347 | 298 | 338 | 407 |
| #(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 | 6 | 2 | 5 | 3 | 3 | 3 | 10 | 23 | 1 | 3 |
| Cash Flow from Operating Activities | 40 | 43 | 43 | 32 | 30 | 44 | 17 | 41 | 20 | 5 | 26 |
| Cash Flow from Investing Activities | -5 | -20 | -13 | -1 | -3 | 64 | 8 | 1 | -9 | -17 | -51 |
| Cash Flow from Financing Activities | -30 | -28 | -27 | -33 | -27 | -108 | -17 | -29 | -32 | 14 | 26 |
| Net Cash Inflow / Outflow | 5 | -5 | 3 | -2 | -0 | -0 | 7 | 13 | -21 | 2 | 1 |
| Closing Cash & Cash Equivalent | 6 | 2 | 5 | 3 | 3 | 3 | 10 | 23 | 1 | 3 | 4 |
| # | 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) | 1.6 | -3.58 | 26.71 | -13.49 | -10.48 | 25.79 | -5.04 | 24.94 | -3.18 | 17.09 | 9.32 |
| CEPS(Rs) | 4.01 | 0.95 | 31.15 | -9.15 | -6.27 | 29.66 | -1.14 | 28.45 | 0.61 | 21.07 | 13.38 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | -109.34 | -112.21 | -66.01 | -77.97 | -88.32 | -57.48 | -62.6 | -7.55 | -10.57 | 6.44 | 15.69 |
| Core EBITDA Margin(%) | 8.41 | 7.46 | 4.18 | -17.16 | 3.21 | -5.83 | 3.97 | 6.17 | 4.53 | 12.37 | 11.22 |
| EBIT Margin(%) | 9.07 | 5.7 | 22.07 | -0.38 | 3.58 | 26.3 | 2.71 | 19.77 | 2.18 | 14.67 | 11.02 |
| Pre Tax Margin(%) | 1.76 | -1.65 | 14.07 | -8.18 | -6.01 | 17.44 | -3.15 | 15.77 | -2.02 | 9.66 | 4.9 |
| PAT Margin (%) | 1.26 | -1.65 | 13.98 | -8.09 | -5.97 | 17.38 | -3.2 | 15.83 | -2.04 | 9.6 | 5.06 |
| Cash Profit Margin (%) | 3.14 | 0.44 | 16.3 | -5.48 | -3.58 | 19.99 | -0.72 | 18.06 | 0.39 | 11.83 | 7.27 |
| ROA(%) | 0.8 | -1.82 | 15.57 | -9.44 | -9 | 23.1 | -4.51 | 25.85 | -3.22 | 17.61 | 8.2 |
| ROE(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 84.21 |
| ROCE(%) | 13.85 | 15.27 | 70.48 | -2 | 50.26 | 444.45 | 87.61 | 428.78 | 29.82 | 101.56 | 35.97 |
| Receivable days | 144.54 | 72.98 | 65.66 | 52.61 | 32.42 | 46.85 | 39.45 | 34.5 | 47.23 | 49.39 | 61.39 |
| Inventory Days | 49.39 | 28.77 | 28.32 | 21.8 | 14.22 | 15.54 | 17.17 | 26.45 | 25.7 | 18.16 | 22.3 |
| Payable days | 295 | 185.37 | 209.6 | 234.02 | 181.73 | 243.11 | 210.79 | 190.42 | 197.43 | 187.23 | 186.68 |
| PER(x) | 38.92 | 0 | 2.15 | 0 | 0 | 0.71 | 0 | 3.41 | 0 | 8.54 | 25.19 |
| Price/Book(x) | -0.57 | -0.41 | -0.87 | -0.4 | -0.25 | -0.32 | -1.33 | -11.25 | -3.53 | 22.63 | 14.96 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.97 | 1.08 | 0.91 | 0.77 | 0.71 | 0.52 | 0.91 | 0.62 | 0.36 | 1.01 | 1.55 |
| EV/Core EBITDA(x) | 17.68 | 13.57 | 3.64 | 32.76 | 11.24 | 7.83 | 17.44 | 8.67 | 7.57 | 7.96 | 11.64 |
| Net Sales Growth(%) | -62.24 | 69.36 | 2.49 | -14.45 | 5.46 | -6.11 | 6.82 | 30.23 | -2.26 | 15.63 | 3.77 |
| EBIT Growth(%) | 130.17 | 7 | 296.03 | -101.56 | 1078.54 | 554.63 | -89.06 | 853.58 | -89.08 | 669.96 | -22.24 |
| PAT Growth(%) | 102.51 | -323.06 | 967.78 | -151.61 | 22.37 | 359.43 | -119.56 | 746.33 | -112.76 | 638.26 | -45.44 |
| EPS Growth(%) | 102.51 | -323.05 | 846.29 | -150.53 | 22.37 | 346.19 | -119.54 | 594.96 | -112.74 | 637.6 | -45.48 |
| Debt/Equity(x) | -1.74 | -1.67 | -1.76 | -1.19 | -1.11 | -1.14 | -1.02 | -2.72 | -1.86 | 5.18 | 3.37 |
| Current Ratio(x) | 0.68 | 0.55 | 0.48 | 0.22 | 0.27 | 0.3 | 0.27 | 0.48 | 0.38 | 0.75 | 1.11 |
| Quick Ratio(x) | 0.56 | 0.43 | 0.39 | 0.19 | 0.22 | 0.26 | 0.2 | 0.34 | 0.31 | 0.58 | 0.89 |
| Interest Cover(x) | 1.24 | 0.78 | 2.76 | -0.05 | 0.37 | 2.97 | 0.46 | 4.94 | 0.52 | 2.93 | 1.8 |
| Total Debt/Mcap(x) | 3.05 | 4.04 | 2.02 | 3 | 4.5 | 3.6 | 0.77 | 0.24 | 0.53 | 0.23 | 0.23 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 39.79 | 39.79 | 39.77 | 39.76 | 39.76 | 39.63 | 43.09 | 43.07 | 43.02 | 43.02 |
| FII | 0.18 | 0.22 | 1.02 | 0.84 | 1.55 | 1.59 | 0.82 | 0.72 | 0.59 | 0.89 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 |
| Public | 60.03 | 59.98 | 59.2 | 59.4 | 58.68 | 58.78 | 56.08 | 56.21 | 56.39 | 56.03 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.5 | 1.5 | 1.5 | 1.5 |
| FII | 0.01 | 0.01 | 0.03 | 0.03 | 0.05 | 0.05 | 0.03 | 0.03 | 0.02 | 0.03 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.97 | 1.96 | 1.94 | 1.95 | 1.92 | 1.93 | 1.96 | 1.96 | 1.97 | 1.96 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3.27 | 3.27 | 3.28 | 3.28 | 3.28 | 3.29 | 3.49 | 3.49 | 3.49 | 3.49 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +4% | +5% | +10% | +9% |
| Operating Profit CAGR | +10% | +29% | +26% | +11% |
| PAT CAGR | -45% | -27% | -13% | +26% |
| Share Price CAGR | -18% | +29% | +19% | +13% |
| ROE Average | +84% | +28% | +17% | +8% |
| ROCE Average | +36% | +56% | +137% | +116% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 39.79 | 39.79 | 39.77 | 39.76 | 39.76 | 39.63 | 43.09 | 43.07 | 43.02 | 43.02 |
| FII | 0.18 | 0.22 | 1.02 | 0.84 | 1.55 | 1.59 | 0.82 | 0.72 | 0.59 | 0.89 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 |
| Public | 60.03 | 59.98 | 59.2 | 59.4 | 58.68 | 58.78 | 56.08 | 56.21 | 56.39 | 56.03 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.5 | 1.5 | 1.5 | 1.5 |
| FII | 0.01 | 0.01 | 0.03 | 0.03 | 0.05 | 0.05 | 0.03 | 0.03 | 0.02 | 0.03 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.97 | 1.96 | 1.94 | 1.95 | 1.92 | 1.93 | 1.96 | 1.96 | 1.97 | 1.96 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3.27 | 3.27 | 3.28 | 3.28 | 3.28 | 3.29 | 3.49 | 3.49 | 3.49 | 3.49 |
* 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.
Your relationship manager will connect with you shortly.