Pfizer Ltd
Pfizer Ltd (PFIZER)

Pfizer Ltd (PFIZER)

₹4298.11.24%

Key Stats

₹4172.1
Day's Price Range
₹4390
₹4071.4
52-Week Price Range
₹6175
1 Month Return-4.49 %
3 Month Return-2.95 %
1 Year Return-19.15 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 11
EPS
Rank 11
BVPS
Rank 5
₹301.97
Dividend Yield
Rank 2
2.67%
ROE
Rank 8
17.19%
Price To Book Ratio
14.05
Debt To Asset
Rank 12
0.18

Company Information

Pfizer Limited is engaged in manufacturing marketing trading and export of pharmaceutical products. The company is a subsidiary of Pfizer Inc. the worlds premiere biopharmaceutical corporation with annual revenues of 52.5 billion in 2017. Pfizer Limited has a portfolio of over 150 products across 15 therapeutic areas. Its top brands include Prevenar 13 Lyrica Eliquis Enbrel Becosules Gelusil and Corex range of products. The company enjoys a unique advantage of access to Pfizer Incs global portfolio of therapies for introduction in the Indian market. Pfizer Limited has the distinction of being the first pharmaceutical company in India to start clinical research. The company has a stateoftheart and manufacturing facility in Goa that produces more than a billion tablets annually.Pfizer came to the Indian market in 21st November of the year 1950 through a company named Dumex Limited. The first production facility was set up at Darukhanna in Mumbai where products like Protinex and Isonex isoniazid an anti TB drug were manufactured. Subsequently this plant also produced Becosules and Corex. In 1960 Pfizer established a large and modern plant at Thane near Mumbai which housed manufacturing quality control and product research facilities. This plant won a number of national safety awards. In November of the year 1965 the Company had entered into a licence agreement with Pfizer Corporation continuing the royaltyfree licence granted to it for the use of Pfizer processes technical knowhow etc. relating to the manufacture of existing products in the pharmaceutical veterinary and agricultural fields and giving the Company the right to obtain from Pfizer Corporation by Mutual agreement technical knowhow and other assistance relating to the manufacture of new items. A large research and development laboratory of the company at Thane was commissioned in the year 1969. As of 4th March of the year 1977 the companys status was changed as a public limited company. Piroxicam a major antiartharitic drug was launched in India in the last quarter of the year 1989 under the brand name of DOLONEX. The former subsidiary Dumex Ltd was amalgamated with the company effect from 1st April of the year 1992 and also during the same year the pharmaceuticals division introduced Dolmex intramuscular injection. Development Operations Dev Ops India formerly a part of the Clinical Research Division was established in 1995. The operations started with the hiring of a statistician in 1995. Pfizer had acquired the animal healthcare operations of SmithKline Beecham in the year 1996. The pace of work of Clinical Research Division was picked up in 1998 and this was followed by a substantial growth in terms of activities and resources especially in data management. A dedicated Informatics group of the company for all technical and applications support has been available since 1997. The Company closed down its manufacturing plant at Ankleshwar with effect from 31st July of the year 1999. During the year 2000 PL made tieup with Shantha Biotechnics for parallel marketing of its products. Express Pharma Biz Award came to companys hands in the year 2002 for overall performance. The operational merger between the company and ParkeDavis had been completed in the year 2002. A year after in 2003 Pfizer had initiated the global implementation of Clinicopia Labelling and Clinicopia Supply Chain a part of infernos Clinical Trials management suite. In mid 2003 the Mumbai group was aligned under Dev Ops Europe to emphasize its focus on operations and facilitate more interactions and project engagements from all sites. In the year 2004 PL had entered into an agreement with Sanofi Synthelabo India Ltd for copromotion of its product Daxid. The Companys seven key brands Corex Becosules Magnex Dolonex Gelusil Minipress XL and Benadryl had listed among the Top100 Industry brands in the year 2005. Viagra was the first global brand launched successfully in December of the year 2005 followed by Caduet a combination of atorvastatin and amlodipine for treatment of patients with dyslipidemia and hypertension and LYRICA pregabalin for treatment of neuropathic pain both of which launched in the first quarter of 2006. The Company bagged Pharma Excellence Awards 2006 in Innovative Products of the Year category for Exubera.The global divesture of the OTC business to Johnson Johnson in December 2006 and Pfizer won a US Supreme Court appeal in April of the year 2007 that aimed to open the companys Lipitor cholesterol pill the most widely prescribed drug in the world to generic competition also in end of the year 2007 the company had transferred its exclusive license to Johnson Johnson for a total consideration of Rs 2148.51 million. Pfizer had launched Champix a nonnicotine smoking cessation prescription drug during February of the year 2008.On 12 April 2009 Pfizer Investments Netherlands B.V. an indirect whollyowned subsidiary of Pfizer Inc announced that it will make a tender offer to acquire a 33.77 stake in Pfizer Limited from public shareholders at a price of Rs. 675 per share. Successful completion of this offer assuming full acceptance would raise the indirect stake of Pfizer Inc in Pfizer Limited to 75 from the current level of 41.23. The offer will represent a total value of up to Rs 680 crore or approximately USD 136 million.The Board of Directors of Pfizer Ltd at its meeting held on 26 September 2009 approved the Scheme of Amalgamation of Duchem Laboratories Ltd wholly owned subsidiary of Pfizer Ltd and Pfizer Ltd. The Scheme is proposed to be effective 1 December 2008. The Transferor Company being the wholly owned subsidiary of Pfizer Ltd no consideration shall be payable to the Transferor Company or its shareholders pursuant to the Amalgamation and the shares held by Pfizer Ltd and its nominees in the Transferor Company shall stand cancelled.The Board of Directors of Pfizer Ltd at its meeting held on 6 February 2012 approved the sale of its animal health division by way of a slump sale to its wholly owned subsidiary being incorporated in consideration of approximately Rs 440 crore subject to adjustment for working capital to be paid by the wholly owned subsidiary being incorporated either in cash and/or by issue of shares at par or premium on such terms as may be agreed to by the Board of Directors. In July 2011 Pfizer Inc USA. the Ultimate Holding Company of Pfizer Ltd announced that it was reviewing strategic alternatives for its global animal health business. The Board of Directors of Pfizer Ltd at its meeting held on 8 November 2012 approved the sale of its animal health business to Pfizer Animal Health India Limited a 100 indirect subsidiary of Pfizer Inc. USA for a consideration of Rs 471.60 crore.Pfizer Ltd issued to all concerned a lock out notice on 1 August 2014 at its plant situated at Thane Belapur Road K.U. Bazar P.O. Navi Mumbai the Plant. This said notice for the proposed lockout has been necessitated on account of several acts as a result of which the Company is of the belief that it has become impossible for the management to continue with the operations of the Plant in a peaceful and productive manner. The above lockout notice will have no impact on the business operations of the Company. The Company has in place a robust business continuity plan which will ensure that its medicines are available to the patients at all times.On 1 December 2014 Pfizer Limited announced the completion of the merger with Wyeth Limited. The Scheme of Amalgamation between Wyeth Limited and Pfizer Limited and their respective shareholders and creditors Scheme was sanctioned by the Bombay High Court vide its order dated 31 October 2014. As per the provisions of the Scheme 7 seven equity shares of Rs. 10/ Rupees Ten only each fully paid up of Pfizer Limited will be issued for every 10 ten equity shares of Rs.10/ Rupees Ten only each fully paid up held in Wyeth Limited. The merger places Pfizer Limited among the top 10 pharmaceutical companies in India by market share. Pfizer Inc. USA through its subsidiaries holds the majority stake in both companies and will continue to remain the majority shareholder with an approximate 63.9 holding in Pfizer Limited postmerger. Wyeth Ltd. is a market leader in vaccines and womens health. Wyeth has pioneered the introduction of several new therapies in India and was the first to launch hormone replacement therapy and conjugated pneumococcal vaccines for infants and adults.On 15 July 2015 Pfizer Ltd has informed the stock exchanges that the company has intimated the concerned authorities that it intends to effect closure of its plant situated at Thane Belapur Road K.U. Bazar P.O. Navi Mumbai the Plant with effect from 16 September 2015. The decision to close the Plant is based on an assessment of its long term viability and its ability to achieve the needed production. There has practically been no production activity at this plant since 2013 and the closure will not impact the supply of any of the Companys medicines to patients.On 24 September 2015 Pfizer Ltd informed the stock exchanges that the company has intimated the concerned authorities that it has withdrawn its notice dated 15 July 2015 whereby it had intended to effect closure of its plant situated at Thane Belapur Road K.U. Bazar P. O. Navi Mumbai the Plant as the Company has entered into a Business Transfer Agreement to sell the Plant as a going concern to Vidhi Research Development LLP. On 23 September 2015 Pfizer Ltd had informed the stock exchanges that it had entered into a Business Transfer Agreement BTA for the transfer of the Companys business at the Thane Plant as a going concern to Vidhi Research and Development LLP in accordance with the terms of the agreement for a lump sum consideration of Rs 178 crore. On 14 March 2016 Pfizer Ltd. announced that it has discontinued the manufacture and sale of its drug Corex with immediate effect in view of Government of India notification dated 10 March 2016 prohibiting the manufacture for sale sale and distribution of fixed dose combination of Chlopheniramine Maleate Codeine Syrup with immediate effect. The above prohibition is likely to have an adverse impact on the revenue and profitability of the company. The company is exploring all available options at its disposal. On the same day the Delhi High Court granted an interim injunction suspending the operation of the said government notification banning the manufacture for sale sale and distribution of fixed dose combination of Chlopheniramine Maleate Codeine Syrup till the next date of hearing. Corex recorded sale of Rs 176 crore for the nine months period ended 31 December 2015. On 13 May 2016 Pfizer Ltd. announced that it has signed an agreement for the sale of four products marketed by its Global Established Products business in India. The brands Neko Soap Sloans Ferradol and Waterburys Compound will be divested to Piramal Enterprises Limited for a consideration of Rs 110 crore subject to adjustments for inventory on closing. The closure of this transaction is subject to obtaining requisite regulatory approvals and fulfilment of certain conditions by the parties.On 29 November 2016 Pfizer Ltd announced that has also decided to discontinue the manufacturing of the current Corex Cough Syrup formulation Codeine Phosphate 10mg Chlorpheniramine Maleate 4mg as part of a comprehensive review of its respiratory offerings. The company will be launching a series of products as line extensions under the Corex brand name starting with the first launch in December 2016 and subsequent launches over the next year. The company remains committed to providing a more comprehensive set of solutions in respiratory indications while ensuring minimal impact towards patients resulting from the discontinuation of manufacturing of the current Corex Cough Syrup formulation. Corex Cough Syrup recorded a sale of Rs 244.48 crores for the financial year ended 31 March 2016.On 18 January 2017 Pfizer Limited announced that it has entered into a Delegation of Authority DoA with AstraZeneca Pharma India Limited AstraZeneca pursuant to which AstraZeneca has granted certain authority to the company to conduct certain activities in India. The said DoA is a result of a global agreement whereby Pfizer Inc. through its affiliates acquired from AstraZeneca PLC through its affiliates the development and commercial rights of their latestage small molecule antiinfectives business. By way of this DoA the company has been granted the authority inter alia to carry out the activities of pricing and reimbursement negotiations promotional marketing tendering bidding and distribution in relation the identified injectable antibiotic products. Pursuant to this Meronem Injection which is currently marketed in India by AstraZeneca is expected to be transitioned to Pfizer Limited. On 31 May 2017 Pfizer Limited India informed the stock exchanges that it has entered into an agreement with AstraZeneca AB Sweden to acquire the brand Neksium in India for a value of Rs 75 crore. The transaction is subject to completion of requisite clearances. Neksium was launched in India in the year 2006 and has developed strong equity with prescribers as a leading high quality product in the AntiPeptic Ulcerant space. Neksium with the active ingredient Esomeprazole belongs to a class of pharmaceutical preparations called Proton Pump Inhibitors PPI which are used effectively for reducing the acid secretion in the stomach. It is widely prescribed for the treatment of conditions across the Acid Peptic Disorders APD spectrum. Neksium esomeprazole complements Pfizer Limiteds existing product portfolio in the gastrointestinal GI therapeutic area.The Goa manufacturing Plant was the recipient of the India Manufacturing Excellence AwardFuture Ready Factory of the Year Award 2017. The Goa Plant is also awarded with the prestigious Pfizers Presidents Platinum Award for 2017.During the FY2018a sum of Rs 50 Lakhs was spent as capital expenditure for upgradation of the facility to achieve energy conservation. Pfizer Inc. USA had announced on October 10 2017 that it was considering a review of strategic alternatives for its Global Consumer Healthcare business. Further to this in December 2018 Pfizer Inc. had announced the formation of a joint venture between Pfizer Inc. and GlaxoSmithKline Plc. to create a premier global consumer healthcare company with robust iconic brands. The Company had been informed by Pfizer Inc. that the brands Anne French and Anacin which are currently marketed by your Company will become a part of the portfolio of the Joint Venture company. During FY2019 a sum of Rs 52.67 Lakhs was spent as capital expenditure for upgradation of the facility to achieve energy conservation.During the FY2020 A sum of Rs 3 Crore was spent as capital expenditure for upgradation of the facility to achieve energy conservation.On July 31 2019 Pfizer Inc completed the transaction in which Pfizer Inc and GlaxoSmithKline GSK combined its respective consumer healthcare businesses into a new consumer healthcare joint venture that operates globally under the GSK Consumer Healthcare name. Pfizer Inc. USA had announced on July 29 2019 that it had entered into a definitive agreement to combine its Upjohn Business which consists offpatented branded and generic established medicines with Mylan N.V. thereby creating a new global pharmaceutical Company. It may be noted that five brands currently marketed by Pfizer Limited in India viz. Lyrica Amlogard Daxid Dilantin and Viagra are expected to be a part of this combined entity. The transaction is anticipated to close in mid2020 subject to regulatory approvals and satisfaction of other customary closing conditions.The COVID19 pandemic and consequent Nationwide lockdown in March 2020 have impacted regular business operations. The Company has monitored the impact of COVID19 on all aspects of its business.
OrganisationPfizer Ltd
HeadquartersMumbai
IndustryPharmaceuticals