• The Indian API market is expected to grow at a CAGR of 13.7% over the four years.
• India hosts 500 API manufacturers, contributing approximately 8% to the global API Industry.
• As the largest supplier of generic medicines, India manufactures around 60,000 different generic brands across 60 therapeutic categories.
• In FY24 India saw a 4.12% increase in the total imports of bulk drugs and intermediates, amounting to ₹ 37,721.88 crore, compared to ₹ 36,229.15 crore in FY23.
• Indian medicines are preferred worldwide due to their combination of low price and high quality, earning India the title of "pharmacy of the world."
Positive factors • Strongly improving operating performance, resulting in growth of more than 15% in total operating income and sustained EBIDTA margin of more than 20%, on a sustained. • Diversifying product portfolio and reducing dependency on its main product Ibuprofen and ethyl acetate to below 65% in the overall revenue. • Improving total debt to gross cash accruals (TD/GCA) and TD to profit before interest, lease rentals, depreciation, and taxation (TD/PBILDT) to below unity.
Established market position and diversified product offering The company was incorporated, 1986 with the commencement of business in chemical segment.
In 2000, the company started production of Ibuprofen.
IOLCPL is one of the largest manufacturers of Ibuprofen with significant global share and the company is backward integrated for manufacturing Ibuprofen.
IOLCPL has a market presence across more than 50 countries with sales contribution from exports forming around 28% of total sales in FY24 (PY: 29%).
The company’s overseas customers are spread across Switzerland, Bangladesh, Spain, Indonesia, Hungary, United Kingdom, Nepal, China, Turkey and Japan, among others.
The company is one of the largest manufacturers of Ibuprofen (capacity of 12000 MTPA) and has the second largest manufacturing capacity (12000MTPA) for Iso Butyl Benzene (key raw material for Ibuprofen)