---
title: "Par Drugs & Chemicals Ltd (PAR) — Share Price, Financials & Analysis"
symbol: "PAR"
company: "Par Drugs & Chemicals Ltd"
canonical: "https://tapetide.com/stocks/PAR"
isin: "INE04LG01015"
nse_symbol: "PAR"
sector: "Healthcare"
industry: "Pharmaceuticals"
market_cap_cr: 169.8
generated_at: "2026-09-13T19:35:53.447Z"
---

# Par Drugs & Chemicals Ltd (PAR)

Canonical page: https://tapetide.com/stocks/PAR

## Company

- **NSE Symbol:** PAR
- **ISIN:** INE04LG01015
- **Sector:** Healthcare
- **Industry:** Pharmaceuticals
- **Macro Sector:** Healthcare
- **Stock Type:** EQUITY
- **Listed Since:** 2021-09-16
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** pardrugs.com

## About

Incorporated in 1982, Par Drugs & Chemicals Ltd manufactures APIs and Fine Chemicals[1]

## Latest Price

- **Price:** ₹140.92
- **Change:** -0.16 (-0.11%)
- **Open:** ₹141.99
- **Day High:** ₹147.96
- **Day Low:** ₹134.03
- **Previous Close:** ₹141.08
- **Volume:** 76296
- **As Of:** 2026-09-11T09:59:49+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:41.837436Z.

- **Market Cap:** ₹169.8 Cr
- **Classification:** Microcap
- **P/E (reported):** 12
- **P/E (TTM):** 11.96
- **EPS (TTM):** ₹11.78
- **Book Value:** ₹91.01
- **Price to Book:** 1.55
- **Dividend Yield:** 0.89%
- **ROE:** 11.71%
- **ROCE:** 15.09%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹107.7 Cr
- **Net Income:** ₹13.1 Cr
- **EBITDA:** ₹21.1 Cr
- **52-Week High:** ₹180
- **52-Week Low:** ₹78.05
- **RSI (14):** 61.89

## Tapetide Score

- **Score:** 66 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Rising
- **Percentile:** 97.4 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 89.11 | 9% |
| growth | 42.62 | 9% |
| momentum | 98.9 | 12% |
| ownership | 51.7 | 24% |
| quality | 76.75 | 22% |
| valuation | 73.5 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 11.3% over past five years.
- Company has a low return on equity of 13.4% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 1.67% | -18.86% | 115.62% |
| ebitda margin growth | 305.56% | -6.52% | -18.38% | -10.12% |
| net income growth | 422.22% | -2.24% | -2% | 1% |
| revenue growth | 61% | 4.46% | 3% | 11% |
| roce | — | -13.82% | -31.44% | 19.11% |
| roe | — | -13.26% | 14.05% | -23.91% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 25.89 | 24 | 22.82 | 22.61 | 34.66 | 21.38 | 22.33 | 26.05 | 28.66 | 29.34 | 19.61 | 31.28 |
| Expenses | 18.53 | 18.77 | 16.72 | 18.37 | 23.25 | 19.95 | 19.9 | 22.49 | 22.6 | 23.29 | 18.17 | 24.91 |
| Operating Profit | 7.36 | 5.23 | 6.1 | 4.24 | 11.41 | 1.43 | 2.43 | 3.56 | 6.06 | 6.05 | 1.44 | 6.37 |
| OPM % | 28.43 | 21.79 | 26.73 | 18.75 | 32.92 | 6.69 | 10.88 | 13.67 | 21.14 | 20.62 | 7.34 | 20.36 |
| Other Income | 0.05 | 0.23 | -0.05 | 0.07 | 1.02 | 0.27 | 0.79 | 1.84 | 0.48 | 1.33 | 0.36 | 0.94 |
| Interest | 0.03 | 0.02 | 0.05 | 0.02 | 0.03 | 0.01 | 0.02 | 0.02 | 0.05 | 0.01 | 0.04 | 0.02 |
| Depreciation | 0.85 | 0.87 | 0.89 | 0.9 | 0.91 | 0.91 | 0.92 | 0.9 | 0.94 | 0.93 | 0.93 | 0.96 |
| Profit before tax | 6.53 | 4.57 | 5.11 | 3.39 | 11.49 | 0.78 | 2.28 | 4.48 | 5.55 | 6.44 | 0.83 | 6.33 |
| Tax % | 25.27 | 25.16 | 27.2 | 25.07 | 25.15 | 24.36 | 27.63 | 25.67 | 25.59 | 25.47 | -3.61 | 25.59 |
| Net Profit | 4.89 | 3.42 | 3.72 | 2.53 | 8.6 | 0.58 | 1.65 | 3.33 | 4.13 | 4.8 | 0.85 | 4.71 |
| EPS in Rs | 3.97 | 2.78 | 3.02 | 2.06 | 6.99 | 0.47 | 1.34 | 2.71 | 3.36 | 3.9 | 0.69 | 3.83 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 42 | 46 | 56 | 61 | 75 | 96 | 96 | 101 | 104 | 109 |
| Expenses | 34 | 38 | 46 | 45 | 59 | 78 | 73 | 81 | 87 | 89 |
| Operating Profit | 8 | 8 | 9 | 16 | 16 | 18 | 23 | 20 | 17 | 20 |
| OPM % | 19 | 18 | 17 | 26 | 22 | 19 | 24 | 19 | 17 | 18 |
| Other Income | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 4 | 3 |
| Interest | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
| Profit before tax | 3 | 3 | 6 | 15 | 13 | 15 | 20 | 18 | 17 | 19 |
| Tax % | 42 | 24 | 21 | 21 | 27 | 25 | 26 | 26 | 24 | — |
| Net Profit | 2 | 3 | 5 | 12 | 9 | 11 | 14 | 13 | 13 | 14 |
| EPS in Rs | 2.78 | 2.79 | 3.87 | 9.44 | 7.49 | 9.21 | 11.78 | 10.86 | 10.65 | 11.78 |
| Dividend Payout % | 0 | 0 | 32 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 4 | 6 | 6 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 11 | 12 | 25 | 34 | 46 | 48 | 59 | 73 | 87 | 100 |
| Borrowings | 31 | 29 | 12 | 6 | 8 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 12 | 10 | 11 | 13 | 16 | 19 | 18 | 16 | 20 | 17 |
| Total Liabilities | 56 | 54 | 51 | 60 | 76 | 79 | 89 | 102 | 119 | 129 |
| Fixed Assets | 42 | 39 | 36 | 34 | 30 | 34 | 38 | 41 | 39 | 36 |
| CWIP | 0 | 0 | 0 | 1 | 5 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 27 |
| Other Assets | 14 | 15 | 15 | 25 | 42 | 44 | 50 | 60 | 55 | 65 |
| Total Assets | 56 | 54 | 51 | 60 | 76 | 79 | 89 | 102 | 119 | 129 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 9 | 4 | 2 | 8 | 12 | 8 | 13 | 20 | 16 | 16 |
| Cash from Investing Activity | -2 | -1 | 0 | -1 | 0 | -3 | -7 | -6 | -25 | -2 |
| Cash from Financing Activity | -8 | -4 | -2 | 1 | 2 | -10 | 0 | 0 | 0 | 0 |
| Net Cash Flow | -1 | 0 | 0 | 7 | 14 | -5 | 6 | 14 | -9 | 14 |
| Free Cash Flow | 7 | 4 | 2 | 6 | 12 | 4 | 6 | 14 | 15 | 14 |
| CFO/OP | 116 | 59 | 34 | 90 | 98 | 66 | 97 | 108 | 106 | 125 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 61 | 75 | 67 | 81 | 75 | 90 | 65 | 52 | 60 | 42 |
| Inventory Days | 69 | 83 | 81 | 45 | 50 | 60 | 49 | 45 | 58 | 45 |
| Days Payable | 135 | 107 | 94 | 96 | 112 | 135 | 73 | 58 | 104 | 69 |
| Cash Conversion Cycle | -5 | 51 | 55 | 30 | 13 | 14 | 40 | 40 | 15 | 19 |
| Working Capital Days | -46 | -26 | 13 | 39 | 24 | 61 | 50 | 40 | 39 | 31 |
| ROCE % | 12 | 11 | 12 | 16 | 25 | 22 | 23 | 25 | 18 | 15 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.21% | 74.21% | 74.21% | 74.21% | 73.37% | 73.37% | 73.37% | 73.37% | 73.37% | 73.41% | 73.41% | 73.41% |
| FIIs | 0% | 0.06% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.09% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.4% | 21.23% | 20.46% | 20.09% | 19.42% | 22.86% | 20.3% | 20.26% | 20.27% | 20.03% | 19.97% | 19.95% |
| Others | 4.39% | 4.5% | 5.34% | 5.71% | 7.21% | 3.77% | 6.33% | 6.37% | 6.37% | 6.56% | 6.62% | 6.56% |
| No. of Shareholders | 5902 | 7020 | 7403 | 8022 | 8757 | 17199 | 15472 | 14887 | 14280 | 13761 | 13222 | 12782 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 6 / 1

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 145.46 | Sell |
| EMA (10) | 138.28 | Buy |
| SMA (20) | 123.14 | Buy |
| EMA (20) | 128.47 | Buy |
| SMA (50) | 107.56 | Buy |
| EMA (50) | 113.26 | Buy |
| SMA (100) | 98.95 | Buy |
| EMA (100) | 104.52 | Buy |
| SMA (200) | 96.22 | Buy |
| EMA (200) | 100.8 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 61.77 | Neutral |
| MACD (12,26,9) | 12.17 | Buy |
| Stochastic (14,3,3) | 49.73 | Neutral |
| ADX (14) | 46.07 | Buy |
| Williams %R (14) | -47.67 | Neutral |
| ATR (14) | 9.82 | High Volatility |
| ROC (12) | 41.57 | Buy |
| Stoch RSI (14) | 28.72 | Neutral |
| UO (7,14,28) | 45.56 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PAR_05092026101903_SignedNewspaper.pdf) |
| 2026-09-01 | [Updates](https://nsearchives.nseindia.com/corporate/PAR_01092026174253_SignedUpdateReg36.pdf) |
| 2026-08-22 | [Appointment](https://nsearchives.nseindia.com/corporate/PAR_22082026180348_SignedOutcomBM22082026.pdf) |
| 2026-08-22 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/PAR_22082026181427_SignedIntimationof27AGM2026.pdf) |
| 2026-08-22 | [Updates](https://nsearchives.nseindia.com/corporate/PAR_22082026175225_SignedOutcomBM22082026.pdf) |
| 2026-08-22 | [Appointment](https://nsearchives.nseindia.com/corporate/PAR_22082026180149_SignedOutcomBM22082026.pdf) |
| 2026-08-21 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PAR_21082026140830_SignedIEPFNotice.pdf) |
| 2026-08-10 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PAR_10082026104910_SignedNews10082026.pdf) |
| 2026-08-08 | [Updates](https://nsearchives.nseindia.com/corporate/PAR_08082026172852_SignedOutcom08082026.pdf) |
| 2026-07-07 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/PAR_07072026150124_SignedReg74_5_30062026.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-22 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PAR_22082026180611_SignedOutcomBM22082026.pdf) |
| 2026-08-08 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PAR_08082026172606_SignedOutcom08082026.pdf) |
| 2026-08-08 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PAR_08082026172114_SignedOutcom08082026.pdf) |
| 2026-05-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PAR_14052026191019_FinalOutcome14052026.pdf) |
| 2026-05-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PAR_14052026182417_SignedOutcome14052026.pdf) |
| 2026-05-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PAR_14052026182807_SignedOutcome14052026.pdf) |
| 2026-02-10 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PAR_10022026172544_SignedOutcome10022026.pdf) |
| 2026-02-10 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PAR_10022026172005_SignedOutcome10022026.pdf) |
| 2026-02-10 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PAR_10022026172752_SignedOutcome10022026.pdf) |
| 2025-11-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PAR_13112025164508_SingedBMOutcom13112025.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_31218_PAR_2025_2026_A_6446753_03092026151240.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_28431_PAR_2024_2025_A_4331599_04092025170943.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25226_PAR_2023_2024_28082024163817.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22890_PAR_2022_2023_23082023175238_08232023180002.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20707_PAR_2021_2022_13082022121056_08132022130003.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2022 | [Concall - Nov 2022](https://archives.nseindia.com/corporate/PAR_12112022155900_InvestorPresentation30092022.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://archives.nseindia.com/corporate/PAR_23112022101139_SignedInvestorPresentationNov2022.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://archives.nseindia.com/corporate/PAR_16112021173828_InvestorPresentationSept21.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://archives.nseindia.com/corporate/PAR_05112020103249_SignedInvestorpresentationPAR.pdf) |
| May 2022 | [Concall - May 2022](https://archives.nseindia.com/corporate/PAR_14052022111514_Investorpresentation14052022.pdf) |
| Mar 2023 | [Concall - Mar 2023](https://archives.nseindia.com/corporate/PAR_15032023122037_InvestorConferanceIntimation15032023.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://archives.nseindia.com/corporate/PAR_01062023113516_Investorpresentation2023.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://archives.nseindia.com/corporate/PAR_26062023155245_InvestorPresentationJune23.pdf) |
| Jun 2021 | [Concall - Jun 2021](https://archives.nseindia.com/corporate/PAR_18062021104335_InvestorPresentation18062021.pdf) |
| Jun 2020 | [Concall - Jun 2020](https://archives.nseindia.com/corporate/PAR_17062020123738_InvestorPresentationJUNE2020.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:35:53.447Z.