Par Drugs And Chemicals (PAR) had a P/E of 10.2× on 6 Nov 2026, below the industry P/E of 28.7×, and the shares are 39% below their 52-week high. Sales and net profit grew 2.6% and 5.0% a year over 3 years, with ROCE of 15% and ROE of 12%. It is a small-cap company with a market cap of ₹134 Cr, ranked 107th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares rose 13% over the past year.
- ₹111.48
- ₹111.48
- ₹108.10
- ₹111.80
- 2.6K
Health check
- ReturnsBehind
+12.8% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 10.2 vs industry 28.7.
- GrowthSlow
Sales +2.6%, profit +5.0% a year over 3 years.
- ProfitabilityAverage
ROCE 15.0% vs peer median 17.9%.
- Balance sheetn/a
Balance sheet figures aren’t reported.
- Red flags3 to check
Quarterly profit down 48.3% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹134 Cr
- Small cap
- P/E
- 10.2
- Industry 28.7
- Price to book
- 1.12
- Peers 4.99
- Dividend yield
- 0.00%
- ROE
- 11.5%
- Peers 14.7%
- ROCE
- 15.0%
- Peers 17.9%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹10.65
- Face value ₹10
- OPM (TTM)
- 16.5%
- Net margin 12.1%
- Sales growth
- −12.2%
- Latest quarter vs a year ago
- Profit growth
- −48.3%
- Latest quarter vs a year ago
- Price to sales
- 1.25
- EV/EBITDA 5.3
Strengths and risks
Strengths
- P/E of 10.2 against an industry P/E of 28.7.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 48.3% on a year ago.
- Quarterly sales down 12.2% on a year ago.
- 39% below its 52-week high.
About Par Drugs And Chemicals
Par Drugs and Chemicals Limited develops, manufactures, and sells active pharmaceutical ingredients (APIs) and fine chemicals in India. The company provides API products, including magnesium hydroxide, magnesium oxide USP, sucralfate, almagate BP, dried aluminium hydroxide gel, light magnesium carbonate, magaldrate, magnesium trisilicate, colloidal silicon dioxide, aluminium magnesium silicate, magnesium aluminometasilicate, magnesium aluminosilicate-USP,…
- Headquarters
- Vadodara
- Employees
- 118
- Sector
- Healthcare
- ISIN
- INE04LG01015
- Website
- pardrugs.com
Price range
- Avg volume (3M)
- 65.5K
- 1-year return
- plus 12.8%
- From 52-week high
- minus 39.4%
Peers · Drug Manufacturers - Specialty & Generic
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMASun Pharmaceutical Industries | 1,860.00 | plus 1.69% | 4,46,276 | 40.7 | 4.99 | 17.9% | 13.1% | 28.2% | 10.4% | 10.6% | 0.86% | plus 8.2% |
| DIVISLABDivi's Laboratories | 10,320.50 | plus 1.78% | 2,73,977 | 93.6 | 16.35 | 19.0% | 16.2% | 34.9% | 11.0% | 12.1% | 0.29% | plus 49.0% |
| TORNTPHARMTorrent Pharmaceuticals | 4,750.00 | plus 0.85% | 1,80,675 | 80.2 | 9.83 | 9.1% | 15.7% | 33.7% | 13.3% | 20.2% | 0.80% | plus 31.7% |
| LAURUSLABSLaurus Labs | 2,340.00 | minus 0.26% | 1,26,433 | 94.4 | 20.86 | 19.5% | 24.0% | 30.4% | 3.8% | 4.0% | 0.09% | plus 138.6% |
| ZYDUSLIFEZydus Lifesciences | 1,197.90 | plus 0.41% | 1,19,491 | 28.6 | 4.29 | 19.0% | 14.7% | 26.2% | 16.5% | 37.0% | 0.08% | plus 22.8% |
| DRREDDYDr. Reddy's Laboratories | 1,373.00 | plus 0.51% | 1,14,462 | 40.9 | 2.96 | 14.2% | 7.3% | 15.9% | 11.0% | −1.7% | 0.58% | plus 13.8% |
| CIPLACipla | 1,411.00 | plus 0.49% | 1,13,993 | 39.4 | 3.22 | 14.9% | 8.3% | 17.3% | 7.2% | 11.5% | 0.92% | minus 6.6% |
| PARPar Drugs And Chemicals | 109.00 | minus 2.50% | 134 | 10.2 | 1.12 | – | 11.0% | 17.3% | – | – | 0.00% | plus 12.8% |
| Median of 7 peers | – | 0.51% | 1,26,433 | 40.9 | 4.99 | 17.9% | 14.7% | 28.2% | 11.0% | 11.5% | 0.58% | 22.8% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 |
|---|---|---|---|---|---|
| 22.3 | 26 | 28.7 | 29.3 | 19.6 | |
| 19.9 | 22.5 | 22.6 | 23.3 | 18.2 | |
| 2.4 | 3.6 | 6.1 | 6.1 | 1.4 | |
| 10.9% | 13.7% | 21.2% | 20.7% | 7.4% | |
| 0.8 | 1.8 | 0.5 | 1.3 | 0.4 | |
| 0 | 0 | 0.1 | 0 | 0 | |
| 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | |
| 2.3 | 4.5 | 5.6 | 6.4 | 0.8 | |
| 27.5% | 25.7% | 25.6% | 25.5% | −2.7% | |
| 1.7 | 3.3 | 4.1 | 4.8 | 0.9 | |
| 1.34 | 2.70 | 3.36 | 3.90 | 0.69 |
Profit & loss
- Sales CAGR 3Y
- +2.6%
- Profit CAGR 3Y
- +5.0%
- ROE
- 11.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 95.1 | 95.1 | 101 | 103 | |
| – | 0.0% | +5.7% | +2.2% | |
| 77.3 | 71.5 | 81.2 | 86.3 | |
| 17.8 | 23.6 | 19.3 | 16.5 | |
| 18.7% | 24.8% | 19.2% | 16.1% | |
| 0.4 | 0.5 | 2.3 | 4.5 | |
| 0 | – | – | – | |
| 3.2 | 3.4 | 3.6 | 3.7 | |
| 0.2 | −1.1 | 0 | 0 | |
| 15.1 | 19.5 | 17.9 | 17.3 | |
| 24.8% | 25.7% | 25.5% | 24.2% | |
| 11.3 | 14.5 | 13.4 | 13.1 | |
| – | +27.9% | minus 7.9% | minus 1.9% | |
| 9.21 | 11.78 | 10.86 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.3 | 12.3 | 12.3 | 12.3 | |
| 58.9 | 73.3 | 86.7 | 99.7 | |
| 17.6 | 16 | 20.4 | 17.2 | |
| 88.9 | 102 | 119 | 129 | |
| 38.7 | 41.3 | 38.9 | 37.2 | |
| 0.2 | 0 | – | 0.7 | |
| 0 | 0 | 25.1 | 27.1 | |
| 22.2 | 36.7 | 27.6 | 41.8 | |
| 27.7 | 23.6 | 27.8 | 22.4 | |
| 88.9 | 102 | 119 | 129 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.4 | 20.2 | 16.2 | 16.4 | |
| −7.3 | −5.8 | −25.2 | −2.2 | |
| −0 | – | – | – | |
| 6 | 14.4 | −9.1 | 14.3 | |
| −7.6 | −6.1 | −1.2 | −2 | |
| 5.7 | 14.2 | 14.9 | 14.5 |
Shareholding pattern
- Promoters73.41%
- Public26.59%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 73.41% | 26.59% | 0.00 | |
| 30 Jun 2026 | 73.41% | 26.59% | 0.00 | |
| 31 Mar 2026 | 73.41% | 26.59% | 0.00 | |
| 31 Dec 2025 | 73.41% | 26.59% | plus 0.04 | |
| 30 Sep 2025 | 73.37% | 26.63% | – |
Major shareholders
Filings & events
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