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Panacea Biotec Ltd

PANACEABIO
NSE
370.75
1.66%
Last Updated:
29 Apr '26, 4:00 PM
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Panacea Biotec Ltd

PANACEABIO
NSE
370.75
1.66%
29 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
2,271Cr
Close
Close Price
370.75
Industry
Industry
Pharma - Others
PE
Price To Earnings
PS
Price To Sales
3.75
Revenue
Revenue
606Cr
Rev Gr TTM
Revenue Growth TTM
7.55%
PAT Gr TTM
PAT Growth TTM
-6.54%
Peer Comparison
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
129129143151136116147163133167141165
Growth YoY
Revenue Growth YoY%
-8.416.736.030.65.8-10.43.08.6-2.944.0-4.21.0
Expenses
ExpensesCr
135140147151143130140156159168159153
Operating Profit
Operating ProfitCr
-6-10-40-6-1478-27-1-1812
OPM
OPM%
-4.4-8.0-2.5-0.1-4.4-12.14.84.9-20.3-0.7-12.67.1
Other Income
Other IncomeCr
34346814776361795
Interest Expense
Interest ExpenseCr
111111111122
Depreciation
DepreciationCr
1099999998888
PBT
PBTCr
1813-8-2-2-175407-196
Tax
TaxCr
312110-10023-53
PAT
PATCr
-1311-8-2-2-1654-24-144
Growth YoY
PAT Growth YoY%
-101.0119.6-152.8-111.484.3-244.6156.8301.80.0124.9-397.4-12.4
NPM
NPM%
-9.88.5-5.8-1.5-1.5-13.73.22.7-1.52.4-9.92.4
EPS
EPS
-2.01.8-1.4-0.4-0.2-2.60.80.7-0.30.7-2.30.7

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
687653544593457544625661460559559606
Growth
Revenue Growth%
34.8-5.0-16.79.0-23.019.114.85.8-30.421.60.08.3
Expenses
ExpensesCr
643541482508588513548674558579585640
Operating Profit
Operating ProfitCr
441126285-1313177-13-98-20-26-34
OPM
OPM%
6.417.111.514.3-28.75.812.3-2.0-21.3-3.6-4.6-5.6
Other Income
Other IncomeCr
287055833915101,687154625767
Interest Expense
Interest ExpenseCr
1051271011011051741851814446
Depreciation
DepreciationCr
677368595443464439373534
PBT
PBTCr
-99-19-52-6649-171-1441,449131-8-6
Tax
TaxCr
32-1110817237147312
PAT
PATCr
-102-21-41-7641-188-1461,078-34-2-9-8
Growth
PAT Growth%
9.079.7-96.2-85.8153.8-559.222.2837.6-103.195.5-479.36.5
NPM
NPM%
-14.9-3.2-7.5-12.89.0-34.5-23.4163.1-7.3-0.3-1.6-1.4
EPS
EPS
-15.9-2.7-6.1-11.45.6-29.1-24.1176.0-5.4-0.2-1.4-1.3

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
666666666666
Reserves
ReservesCr
449426340293335139-256849816814807820
Current Liabilities
Current LiabilitiesCr
706475588691938455449776330309367345
Non Current Liabilities
Non Current LiabilitiesCr
75093084661190739960109101949287
Total Liabilities
Total LiabilitiesCr
1,9301,8541,8001,6081,3761,3901,1781,7591,2711,2411,2901,255
Current Assets
Current AssetsCr
526549533560508683511951562485545533
Non Current Assets
Non Current AssetsCr
1,4051,3061,2671,047868707667808709755745722
Total Assets
Total AssetsCr
1,9301,8541,8001,6081,3761,3901,1781,7591,2711,2411,2901,255

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
3791131118105-30107-108-4220-27
Investing Cash Flow
Investing Cash FlowCr
-3716-2655-5-35-481,2834301065
Financing Cash Flow
Financing Cash FlowCr
-1-117-107-164-10191-47-1,176-18-3-3
Net Cash Flow
Net Cash FlowCr
-1-10-29-22612-2-10735
Free Cash Flow
Free Cash FlowCr
3085107103100-2189-119-424-71-77
CFO To PAT
CFO To PAT%
-36.3-435.0-319.5-155.3256.216.2-73.0-10.11,251.96.6313.9
CFO To EBITDA
CFO To EBITDA%
84.881.2209.3139.6-79.9-97.2139.3821.4431.30.5105.6

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
8585689841,6361,2146711,0879086647432,699
Price To Earnings
Price To Earnings
0.00.00.00.032.20.00.00.80.00.00.0
Price To Sales
Price To Sales
1.30.91.82.82.71.21.71.41.41.34.8
Price To Book
Price To Book
-186.8-20.92.85.53.64.6-4.31.10.80.93.3
EV To EBITDA
EV To EBITDA
41.614.430.027.8-9.938.223.1-27.2-4.7-31.1-100.9
Profitability Ratios
Profitability Ratios
GPM
GPM%
59.267.072.568.462.371.267.360.445.158.864.3
OPM
OPM%
6.417.111.514.3-28.75.812.3-2.0-21.3-3.6-4.6
NPM
NPM%
-14.9-3.2-7.5-12.89.0-34.5-23.4163.1-7.3-0.3-1.6
ROCE
ROCE%
0.37.33.93.333.60.47.2183.32.00.6-0.5
ROE
ROE%
-22.5-4.8-11.8-25.412.0-129.658.4126.1-4.1-0.2-1.1
ROA
ROA%
-5.3-1.1-2.3-4.73.0-13.5-12.461.3-2.6-0.1-0.7
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Panacea Biotec Ltd is an innovation-driven, integrated biopharmaceutical company with over four decades of leadership in vaccine development, pharmaceuticals, nutrition, and wellness. Headquartered in India, the company has established itself as a global health player through pioneering scientific contributions, particularly in **pediatric immunization**, and has expanded into adjacent health domains with a focus on newborns, mothers, and long-term wellness. The company's mission centers on delivering **affordable, high-quality, and science-backed healthcare solutions** across emerging and developed markets, supported by advanced R&D, robust manufacturing infrastructure, and strategic global partnerships. --- ### **Strategic Focus & Business Segments** Panacea Biotec operates through three core business verticals: 1. **Vaccines** – Flagship business, contributing the majority of revenue. 2. **Pharmaceutical Formulations** – Complex generics for chronic diseases in regulated and emerging markets. 3. **Nutrition & Baby Care** – A rapidly growing segment focused on early-life health and preventive care. Additionally, Panacea Biotec is expanding its footprint in **nutraceuticals, wellness, and preventive lifestyle healthcare** through strategic acquisitions and in-house innovation. --- ### **Recent Strategic Developments (as of Sep 2025)** #### **1. Expansion into Infant Health & Hygiene: NikoMom Launch** - Launched **NikoMom**, a new brand offering **infant diapers and 99.9% water-based wet wipes**, expanding into newborn hygiene. - This move aligns with the company’s core mission of **child-centric health**, reinforcing its continuum from **vaccines to early nutrition and hygiene**. - Products are available via: - E-commerce: Amazon, Flipkart, Tata 1mg - Direct-to-Consumer (D2C): *www.7Nshop.com* - Pan-India retail expansion via LEAP SBU. #### **2. Child-Centric Health Ecosystem** - Positioned as a **"continuum of care"** brand from infancy through adulthood. - Leverages **deep trust with pediatricians** (via over 150 sales reps and 10,000 pediatricians reached) to drive product adoption. - Plans to expand future offerings into **women’s health and adult nutrition**, creating a lifelong health engagement platform. #### **3. Retail & Market Expansion via LEAP SBU** - Launched a dedicated **LEAP (Leveraging Excellence in Access & Penetration) Strategic Business Unit**. - Focus: Deepen rural, semi-urban, and urban retail footprint across India. - Strengthens **last-mile distribution** for flagship brands like **NikoMom and ChilRun®**. - Integrated CFA network with D2C delivery system for hybrid scalability and consumer convenience. #### **4. Entry into Nutraceuticals: Power Gummies Acquisition** - Acquired **Power Gummies**, including IP, formulations, and digital assets. - Targets **millennials and Gen Z** with science-backed gummy supplements for: - Hair, skin, nails - Weight management - Sleep support - Represents a key step in Panacea’s **preventive and lifestyle healthcare strategy**. --- ### **Vaccines – Core Strength and Global Impact** #### **Leadership in Pediatric Immunization** - **One of the largest suppliers of oral polio vaccines (OPV)** globally; delivered **over 10 billion doses**. - Instrumental in eradicating polio in India, reducing cases from 10,000 to zero. - Key vaccine supplier to **UNICEF, PAHO, WHO, GAVI**, and national governments across **~30 countries**. #### **Flagship Vaccine Portfolio** | Product | Innovation | |--------|------------| | **EasySix®** | World’s first **fully liquid wP-IPV-based hexavalent vaccine (DTwP-HepB-Hib-IPV)**. Market leader in India. | | **EasyFive-TT®** | First **fully liquid pentavalent vaccine**; WHO-prequalified, supplied globally. | | **EasyFourPol®** | First **fully liquid pentavalent (DTwP-IPV-Hib)** vaccine, launched in 2023–24. | | **b-OPV** | Bivalent oral polio vaccine; key contributor to global eradication. | - **EasySix®** is listed under the **Continental Listing of Human Medicinal Products** by the **African Medicines Agency (AMA)**, enabling fast-tracked approvals in up to **29 African nations**. #### **Key Vaccine Pipeline (Under Clinical Development)** - **DengiAll®**: Single-dose, **tetravalent dengue vaccine**; in **Phase III trials** (collaboration with ICMR). - Demonstrated protection across all serotypes, no ADE risk. - Anticipated launch in 2026 (subject to approval). - **NuCoVac®11**: **11-valent pneumococcal conjugate vaccine**; **Phase II/III trials underway**. - **VaxiPox™**: **Multi-epitope subunit Mpox vaccine** (development with BRIC-THSTI). - Designed to be **safer for children and immunocompromised individuals**. - Targets the growing **$1.2–2.5 billion global Mpox vaccine market**. - **Broadly Protective Betacoronavirus Vaccine**: Nanoparticle-based candidate, supported by **CEPI**; aims for **100-day pandemic response capability**. - **TedShot®**: Reduced-dose **Tetanus & Diphtheria vaccine**; approved in India, targeting ₹250 million private market. #### **Global Market Access & Registrations** - Vaccines registered in **16 countries**; applications in review in **17 more**. - Plans to **seek WHO prequalification** for pipeline vaccines to access **multilateral supply contracts**. - Active exports to Africa, Asia, and Latin America. --- ### **Pharmaceuticals – Global Reach & Complex Generics** #### **Domestic & International Presence** - Operated through **Panacea Biotec Pharma Limited (PBPL)** and **Panacea Biotec Germany GmbH (PBGG)**. - Exports to **~40 countries**, including U.S., Germany, Canada, Saudi Arabia, UAE, and South Africa. #### **Key Launches & Expansions** - **Valgapan (Valganciclovir)** launched in Germany via PBGG. - **PacliALL®** (nanoparticle-based generic of **Abraxane**) launched in Canada; ANDA filed in **11 EU countries**. - **Rizatriptan** relaunched in Saudi Arabia; presence re-established in Brazil after 8-year gap. #### **Product Pipeline & Regulatory Strategy** - Over **388 active international product registrations**; 48 dossiers under review; 50 more planned FY2025–26. - Plans to commercialize **Paclitaxel, Cyclosporine**, and other **complex generics** in the U.S. and EU. - Collaborations with **Apotex, Bionpharma, Breckenridge, and Natco** to expand international footprint. --- ### **R&D and Innovation Leadership** - **OneStream Research Centre (New Delhi)**: End-to-end vaccine development. - Capabilities: Genetic engineering, fermentation, purification, adjuvant development. - Developed **high-cell-density E. coli platform** for recombinant antigens. - **SAMPANN R&D Centre (Lalru, Punjab)**: Focus on pharmaceuticals and pediatric nutrition. - Over **1,500 patents filed globally**; recognized as **Thomson Reuters Top 50 Innovator (2015–2016)**. #### **Innovation Areas** - **Recombinant, conjugate, viral, DNA/RNA, and VLP-based vaccines**. - **Adjuvant Development**: Launched **EmulsiPan®**, an **open-access oil-in-water emulsion adjuvant**. - Used in preclinical trials for **Sarbecoronavirus vaccines** (e.g., Caltech NHP studies). - Enters a **$4.8 billion+ market**. --- ### **Manufacturing and Supply Chain Excellence** - **Integrated, dual-market supply chain**: - **Domestic (India)**: Retail and D2C focus via 2 central warehouses, 14 CFAs, ~1,500 distributors. - **Global**: Partners with top logistics providers, airlines, and customs agencies; ensures **cold chain integrity** for vaccines. - **Cold Chain Capabilities**: - **Vaccine Vial Monitors (VVMs)**, data loggers, Tyvek packaging. - Real-time tracking, **Track & Trace system**, and WHO-compliant documentation. - Manufacturing sites in: - **Lalru (Punjab)**: Vaccine drug substances (WHO-prequalified). - **Baddi (Himachal Pradesh)**: Formulations, nutrition products, and sterile injectables (US FDA-approved). #### **Capacity Expansion** - Secured **$20 million loan from U.S. DFC** to expand **wP-based hexavalent vaccine (EasySix®) production capacity**. - Expansion will support **UNICEF, PAHO, and GAVI** demand. - New capacity targeted for **global public health programs from 2025 onward**. --- ### **Nutrition Business: ChilRun® & Portfolio Expansion** - Launched **ChilRun®** pediatric nutrition line in June 2023: - **ChilRunfull®**, **ChilRun®7+**, **ChilRun® No Sucrose** - Available in **over 10,000 retail outlets** and e-commerce platforms. - Scientific validation: A **90-day post-marketing study** showed positive growth support in at-risk children. - New factory in Baddi: **6-ton/day capacity**, GMP-compliant. - Plans to expand into **baby cereals, gummies, bars, oils, and adult/women’s nutrition**. --- ### **Financial Highlights (FY 2024–25)** - **Consolidated Pharma & Nutrition Revenue**: ₹2,493 million (+25% YoY). - Export revenue: ₹1,838 million (+11%) - Domestic sales: ₹654 million (up from ₹340 million) - **Foreign Exchange Earnings**: ₹2,209.63 million (mostly exports). - **Royalty Income**: ₹20.63 million (e.g., from DengiAll® in-licensing agreement). --- ### **Growth Strategy** 1. **Internal Innovation**: - Advance **DengiAll®, NuCoVac®11, VaxiPox™, and Betacoronavirus vaccine** to commercialization. - File more ANDAs and expand complex generics portfolio. 2. **Geographic Expansion**: - Grow private market vaccine sales in India. - Expand exports to **50+ countries** through registration and partnerships. 3. **Portfolio Diversification**: - Broaden beyond pentavalent/hexavalent dependency. - Develop next-gen **conjugate, recombinant, and mRNA vaccines**. 4. **Strategic Partnerships**: - Collaborations with **ICMR, NIH (USA), CEPI, THSTI, Serum Institute**, and **global pharma firms**. - Licensing and co-development to accelerate pipeline. --- ### **Key Challenges** - **High R&D costs and long gestation periods**. - **Tender-dependent revenue**: Over-reliance on UNICEF/PAHO contracts. - **Concentration risk**: ~70–80% of vaccine revenue from **pentavalent and hexavalent vaccines**. ---