- Markets
- Healthcare
- NORRIS
NORRIS
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
-
Share Price
-
Financials
-
Revenue mix
-
Shareholdings
-
Peers
-
Forensics
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
This data is currently unavailable for this company.
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
This data is currently unavailable for this company.
(In Cr.) |
---|
(In Cr.) | ||||
---|---|---|---|---|
This data is currently unavailable for this company. |
(In %) |
---|
(In Cr.) |
---|
Financial Year (In Cr.) |
---|
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Recent events
-
News
-
Corporate Actions
Norris Medicines Designates Vimal D. Shah As Chairman, MD
Sept 25 (Reuters) - Norris Medicines Ltd NORI.BO:
DESIGNATED VIMAL D. SHAH AS CHAIRMAN, MD
Source text for Eikon: ID:nBSE8LZ4x3
Further company coverage: NORI.BO
(([email protected];;))
Sept 25 (Reuters) - Norris Medicines Ltd NORI.BO:
DESIGNATED VIMAL D. SHAH AS CHAIRMAN, MD
Source text for Eikon: ID:nBSE8LZ4x3
Further company coverage: NORI.BO
(([email protected];;))
Norris Medicines recalls toxic syrups, says only sold in India
By Krishna N. Das
NEW DELHI, Oct 6 (Reuters) - India's Norris Medicines NORI.BO has recalled a cough syrup and an allergy syrup that the country's federal drugs regulator had found to be toxic, its managing director said on Friday, adding that the products had only been sold in India.
Tests by India's Central Drugs Standard Control Organisation (CDSCO) showed the medicines were contaminated either with diethylene glycol (DEG) or ethylene glycol (EG).
The same toxins found in other Indian-made cough syrups have been linked by the World Health Organization (WHO) and other health agencies to the deaths of more than 140 children in Gambia, Uzbekistan and Cameroon since the middle of last year.
Regulators have not suggested any harm has been caused by the products which Norris is recalling.
"All stocks have been recalled and data has been submitted to the CDSCO," Norris Managing Director Vimal Shah told Reuters.
"We have never exported these products. We are investigating the issue at our end with toxicology studies. We have investigated (and) no harm has been reported," Shah added.
The company's Trimax Expectorant, made in January, contained 0.118% of EG, while allergy drug Sylpro Plus Syrup, made in May, had 0.171% of EG and 0.243% of DEG, according to CDSCO laboratory tests, Reuters reported last week, citing a monthly report from the regulator for August.
The WHO says the safe limit is no more than 0.10%. The WHO, which has issued several alerts about Indian medicines since last year, told Reuters the CDSCO had informed it about the Norris products.
Shah declined to say how many bottles of the two syrups Norris made in total and how many had been recalled.
"We have been manufacturing these syrups for the last 10 years without any complaint," he said. "Of late, diethylene glycol and ethylene glycol have been brought to the list of watch by the CDSCO due to the incidents abroad."
The drug regulator of Gujarat state, where Norris is based and has two factories near to each other, has shut all its production, citing violations of good manufacturing practices after an inspection last month, Reuters reported last week citing H.G. Koshia, commissioner of Gujarat state's Food and Drug Control Administration. Koshia did not cite any evidence.
Shah did not respond to a request for comment on Koshia's allegation. The cough syrup was made in one factory and the other product in another, according to the CDSCO.
The CDSCO list also named a glycerine batch it said was made by Adani Wilmar ADAW.NS in October 2021, despite it containing 0.025% EG, which is within the WHO safety limit.
An Adani Wilmar spokesperson told Reuters in an email it believed "that the product in question (that tested by the CDSCO) is counterfeit and communicated the same to the department with a request to drop the recall notice".
The CDSCO did not immediately respond to a request for comment on Adani Wilmar's suspicion that the product tested was a fake and was not manufactured by the company itself.
(Reporting by Krishna N. Das; Editing by Alexander Smith)
By Krishna N. Das
NEW DELHI, Oct 6 (Reuters) - India's Norris Medicines NORI.BO has recalled a cough syrup and an allergy syrup that the country's federal drugs regulator had found to be toxic, its managing director said on Friday, adding that the products had only been sold in India.
Tests by India's Central Drugs Standard Control Organisation (CDSCO) showed the medicines were contaminated either with diethylene glycol (DEG) or ethylene glycol (EG).
The same toxins found in other Indian-made cough syrups have been linked by the World Health Organization (WHO) and other health agencies to the deaths of more than 140 children in Gambia, Uzbekistan and Cameroon since the middle of last year.
Regulators have not suggested any harm has been caused by the products which Norris is recalling.
"All stocks have been recalled and data has been submitted to the CDSCO," Norris Managing Director Vimal Shah told Reuters.
"We have never exported these products. We are investigating the issue at our end with toxicology studies. We have investigated (and) no harm has been reported," Shah added.
The company's Trimax Expectorant, made in January, contained 0.118% of EG, while allergy drug Sylpro Plus Syrup, made in May, had 0.171% of EG and 0.243% of DEG, according to CDSCO laboratory tests, Reuters reported last week, citing a monthly report from the regulator for August.
The WHO says the safe limit is no more than 0.10%. The WHO, which has issued several alerts about Indian medicines since last year, told Reuters the CDSCO had informed it about the Norris products.
Shah declined to say how many bottles of the two syrups Norris made in total and how many had been recalled.
"We have been manufacturing these syrups for the last 10 years without any complaint," he said. "Of late, diethylene glycol and ethylene glycol have been brought to the list of watch by the CDSCO due to the incidents abroad."
The drug regulator of Gujarat state, where Norris is based and has two factories near to each other, has shut all its production, citing violations of good manufacturing practices after an inspection last month, Reuters reported last week citing H.G. Koshia, commissioner of Gujarat state's Food and Drug Control Administration. Koshia did not cite any evidence.
Shah did not respond to a request for comment on Koshia's allegation. The cough syrup was made in one factory and the other product in another, according to the CDSCO.
The CDSCO list also named a glycerine batch it said was made by Adani Wilmar ADAW.NS in October 2021, despite it containing 0.025% EG, which is within the WHO safety limit.
An Adani Wilmar spokesperson told Reuters in an email it believed "that the product in question (that tested by the CDSCO) is counterfeit and communicated the same to the department with a request to drop the recall notice".
The CDSCO did not immediately respond to a request for comment on Adani Wilmar's suspicion that the product tested was a fake and was not manufactured by the company itself.
(Reporting by Krishna N. Das; Editing by Alexander Smith)
India regulator finds more syrups toxic - government report
NEW DELHI, Oct 4 (Reuters) - India's drug regulator has found that a cough syrup and an anti-allergy syrup made by Norris Medicines Ltd NORI.BO is toxic, according to a government report.
The Central Drugs Standard Control Organisation (CDSCO) has also found three batches of COLD OUT syrup made by Fourrts (India) Laboratories contaminated with the toxins diethylene glycol (DEG) and ethylene glycol (EG), according to its list of "not of standard quality/spurious/adulterated/misbranded" drugs for August uploaded on its website.
The companies did not respond to requests for comment.
The drug regulator for Gujarat state, where Norris is based, told Reuters that its factory had been closed.
(Reporting by Krishna N. Das; Editing by Andrew Heavens)
NEW DELHI, Oct 4 (Reuters) - India's drug regulator has found that a cough syrup and an anti-allergy syrup made by Norris Medicines Ltd NORI.BO is toxic, according to a government report.
The Central Drugs Standard Control Organisation (CDSCO) has also found three batches of COLD OUT syrup made by Fourrts (India) Laboratories contaminated with the toxins diethylene glycol (DEG) and ethylene glycol (EG), according to its list of "not of standard quality/spurious/adulterated/misbranded" drugs for August uploaded on its website.
The companies did not respond to requests for comment.
The drug regulator for Gujarat state, where Norris is based, told Reuters that its factory had been closed.
(Reporting by Krishna N. Das; Editing by Andrew Heavens)
Events:
More Micro Cap Ideas
See similar 'Micro' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
-
Business
-
Financials
-
Share Price
-
Shareholdings
What does Norris Medicines do?
Norris Medicines Ltd. is a prominent Indian producer specializing in Injections and Medicinal formulations.
Who are the competitors of Norris Medicines?
Norris Medicines major competitors are Parmax Pharma, Link Pharma Chem, Saroja Pharma Ind, Emmessar Biotech&Nut, Hamps Bio, Phaarmasia, Colinz Laboratories. Market Cap of Norris Medicines is ₹17 Crs. While the median market cap of its peers are ₹17 Crs.
Is Norris Medicines financially stable compared to its competitors?
Norris Medicines seems to be less financially stable compared to its competitors. Altman Z score of Norris Medicines is -2.16 and is ranked 8 out of its 8 competitors.
Does Norris Medicines pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Norris Medicines latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Norris Medicines allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Norris Medicines balance sheet?
Norris Medicines balance sheet is weak and might have solvency issues
Is the profitablity of Norris Medicines improving?
Yes, profit is increasing. The profit of Norris Medicines is -₹0.84 Crs for TTM, -₹1.19 Crs for Mar 2024 and -₹1.75 Crs for Mar 2023.
Is the debt of Norris Medicines increasing or decreasing?
Yes, The debt of Norris Medicines is increasing. Latest debt of Norris Medicines is ₹21.46 Crs as of Mar-24. This is greater than Mar-23 when it was ₹21.38 Crs.
Is Norris Medicines stock expensive?
Yes, Norris Medicines is expensive. Latest PE of Norris Medicines is 0.0, while 3 year average PE is -0.05. Also latest EV/EBITDA of Norris Medicines is 234 while 3yr average is 95.16.
Has the share price of Norris Medicines grown faster than its competition?
Norris Medicines has given better returns compared to its competitors. Norris Medicines has grown at ~25.82% over the last 1yrs while peers have grown at a median rate of -4.0%
Is the promoter bullish about Norris Medicines?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Norris Medicines is 34.0% and last quarter promoter holding is 34.0%.
Are mutual funds buying/selling Norris Medicines?
The mutual fund holding of Norris Medicines is stable. The current mutual fund holding in Norris Medicines is 0.01% while previous quarter holding is 0.01%.