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PFIZER
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Recent events
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News
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Corporate Actions
LIC Cuts Stake In Pfizer To 4.026% From 6.052% - Exchange Filing
March 19 (Reuters) - Pfizer Ltd PFIZ.NS:
LIC CUTS STAKE IN PFIZER TO 4.026% FROM 6.052% - EXCHANGE FILING
Source text: ID:nBSEbtwH6P
Further company coverage: PFIZ.NS
(([email protected];))
March 19 (Reuters) - Pfizer Ltd PFIZ.NS:
LIC CUTS STAKE IN PFIZER TO 4.026% FROM 6.052% - EXCHANGE FILING
Source text: ID:nBSEbtwH6P
Further company coverage: PFIZ.NS
(([email protected];))
Pfizer Dec-Quarter Net Profit 1.28 Billion Rupees
Jan 31 (Reuters) - Pfizer Ltd PFIZ.NS:
PFIZER DEC-QUARTER NET PROFIT 1.28 BILLION RUPEES
PFIZER DEC-QUARTER REVENUE FROM OPERATIONS 5.38 BILLION RUPEES
Source text: ID:nBSE5kQk0R
Further company coverage: PFIZ.NS
(([email protected];;))
Jan 31 (Reuters) - Pfizer Ltd PFIZ.NS:
PFIZER DEC-QUARTER NET PROFIT 1.28 BILLION RUPEES
PFIZER DEC-QUARTER REVENUE FROM OPERATIONS 5.38 BILLION RUPEES
Source text: ID:nBSE5kQk0R
Further company coverage: PFIZ.NS
(([email protected];;))
India's Indoco Remedies rises on FDA approval for anti-smoking drug
** Shares of Indoco Remedies INRM.NS rise as much as 5% to 317.50 rupees
** Co gets U.S. FDA approval for varenicline tablets, which are used to help quit smoking
** INRM last up about 2%, set to snap nine-session losing streak
** Stock still down ~22% so far this year, on track for third straight year of losses
** YTD, peers Pfizer Ltd PFIZ.NS and Ajanta Pharma AJPH.NS up ~20% and ~43%, respectively
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of Indoco Remedies INRM.NS rise as much as 5% to 317.50 rupees
** Co gets U.S. FDA approval for varenicline tablets, which are used to help quit smoking
** INRM last up about 2%, set to snap nine-session losing streak
** Stock still down ~22% so far this year, on track for third straight year of losses
** YTD, peers Pfizer Ltd PFIZ.NS and Ajanta Pharma AJPH.NS up ~20% and ~43%, respectively
(Reporting by Dimpal Gulwani in Bengaluru)
Pfizer Says Sept-Quarter Net Profit At 1.58 Billion Rupees
Oct 28 (Reuters) - Pfizer Ltd PFIZ.NS:
PFIZER LTD SEPT-QUARTER NET PROFIT 1.58 BILLION RUPEES
PFIZER LTD SEPT-QUARTER REVENUE FROM OPERATIONS 5.89 BILLION RUPEES
Source text: [ID:]
Further company coverage: PFIZ.NS
(([email protected];))
Oct 28 (Reuters) - Pfizer Ltd PFIZ.NS:
PFIZER LTD SEPT-QUARTER NET PROFIT 1.58 BILLION RUPEES
PFIZER LTD SEPT-QUARTER REVENUE FROM OPERATIONS 5.89 BILLION RUPEES
Source text: [ID:]
Further company coverage: PFIZ.NS
(([email protected];))
Pfizer CEO plans to meet activist investor Starboard Value, FT reports
Oct 8 (Reuters) - Pfizer PFE.N CEO Albert Bourla plans to meet activist investor Starboard Value, the Financial Times reported on Tuesday.
(Reporting by Mariam Sunny in Bengaluru; Editing by Shailesh Kuber)
(([email protected];))
Oct 8 (Reuters) - Pfizer PFE.N CEO Albert Bourla plans to meet activist investor Starboard Value, the Financial Times reported on Tuesday.
(Reporting by Mariam Sunny in Bengaluru; Editing by Shailesh Kuber)
(([email protected];))
Activist investor Starboard Value takes $1 billion stake in Pfizer, WSJ reports
Oct 6 (Reuters) - Activist investor Starboard Value has taken a roughly $1 billion stake in Pfizer PFE.N and wants the U.S. drug giant to make changes to turn its performance around, the Wall Street Journal reported on Sunday.
(Reporting by Surbhi Misra in Bengaluru; Editing by Tom Hogue)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Oct 6 (Reuters) - Activist investor Starboard Value has taken a roughly $1 billion stake in Pfizer PFE.N and wants the U.S. drug giant to make changes to turn its performance around, the Wall Street Journal reported on Sunday.
(Reporting by Surbhi Misra in Bengaluru; Editing by Tom Hogue)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Pfizer's India unit hits over 2-yr high on quarterly profit jump
** Shares of Pfizer Ltd PFIZ.NS, Indian unit of pharma firm Pfizer Inc PFE.N, up as much as 5.3% at 5,651.3 rupees, highest since Oct 2021
** Co's June-qtr profit up ~61% YoY, revenue rises 5.9%
** Analysts' rating on PFIZ, on avg, is "hold", PT is 4,797.50 rupees - LSEG data
** PFIZ eyes second biggest monthly rise since Oct 2021
** Stock up ~29% YTD, on track for a second straight session of gains
(Reporting by Yagnoseni Das in Bengaluru)
** Shares of Pfizer Ltd PFIZ.NS, Indian unit of pharma firm Pfizer Inc PFE.N, up as much as 5.3% at 5,651.3 rupees, highest since Oct 2021
** Co's June-qtr profit up ~61% YoY, revenue rises 5.9%
** Analysts' rating on PFIZ, on avg, is "hold", PT is 4,797.50 rupees - LSEG data
** PFIZ eyes second biggest monthly rise since Oct 2021
** Stock up ~29% YTD, on track for a second straight session of gains
(Reporting by Yagnoseni Das in Bengaluru)
Pfizer Ltd June-Quarter Net Profit At 1.51 Billion Rupees
July 29 (Reuters) - Pfizer Ltd PFIZ.NS:
JUNE-QUARTER NET PROFIT 1.51 BILLION RUPEES
JUNE-QUARTER REVENUE FROM OPERATIONS 5.63 BILLION RUPEES
Further company coverage: PFIZ.NS
(([email protected];))
July 29 (Reuters) - Pfizer Ltd PFIZ.NS:
JUNE-QUARTER NET PROFIT 1.51 BILLION RUPEES
JUNE-QUARTER REVENUE FROM OPERATIONS 5.63 BILLION RUPEES
Further company coverage: PFIZ.NS
(([email protected];))
Pfizer Dividend 35 Rupeesper Share
May 17 (Reuters) - Pfizer Ltd PFIZ.NS:
PFIZER LTD - DIVIDEND 35 RUPEESPER SHARE
PFIZER LTD MARCH-QUARTER NET PROFIT 1.79 BILLION RUPEES VERSUS PROFIT 1.3 BILLION RUPEES
PFIZER LTD MARCH-QUARTER REVENUE FROM OPERATIONS 5.47 BILLION RUPEES VERSUS 5.73 BILLION RUPEES
Source text for Eikon: ID:nNSEb7YxzX
Further company coverage: PFIZ.NS
(([email protected];;))
May 17 (Reuters) - Pfizer Ltd PFIZ.NS:
PFIZER LTD - DIVIDEND 35 RUPEESPER SHARE
PFIZER LTD MARCH-QUARTER NET PROFIT 1.79 BILLION RUPEES VERSUS PROFIT 1.3 BILLION RUPEES
PFIZER LTD MARCH-QUARTER REVENUE FROM OPERATIONS 5.47 BILLION RUPEES VERSUS 5.73 BILLION RUPEES
Source text for Eikon: ID:nNSEb7YxzX
Further company coverage: PFIZ.NS
(([email protected];;))
Pfizer's India unit set for worst day in a year on Q3 profit drop
** Shares of Pfizer Ltd PFIZ.NS, Indian unit of Pfizer Inc PFE.N, down 3.7% at 4,347.85 rupees
** Stock on track for worst day since Feb. 13, 2023, and to fall for a third straight session
** Co's Q3 profit fell ~14% YoY
** Rivals Abbott India ABOT.NS and GlaxoSmithKline Pharma GLAX.NS posted higher Q3 profits, sending shares up
** Avg analyst rating on PFIZ is "strong buy", GLAX rated "hold" and ABOT rated "buy" - LSEG data
** PFIZ's avg PT is 4,519.83 rupees - LSEG data
(Reporting by Varun Vyas in Bengaluru)
** Shares of Pfizer Ltd PFIZ.NS, Indian unit of Pfizer Inc PFE.N, down 3.7% at 4,347.85 rupees
** Stock on track for worst day since Feb. 13, 2023, and to fall for a third straight session
** Co's Q3 profit fell ~14% YoY
** Rivals Abbott India ABOT.NS and GlaxoSmithKline Pharma GLAX.NS posted higher Q3 profits, sending shares up
** Avg analyst rating on PFIZ is "strong buy", GLAX rated "hold" and ABOT rated "buy" - LSEG data
** PFIZ's avg PT is 4,519.83 rupees - LSEG data
(Reporting by Varun Vyas in Bengaluru)
Pfizer Names Amit Agarwal As CFO
Jan 22 (Reuters) - Pfizer Ltd PFIZ.NS:
NAMES AMIT AGARWAL AS CFO
Source text for Eikon: ID:nBSE1rg98y
Further company coverage: PFIZ.NS
(([email protected];))
Jan 22 (Reuters) - Pfizer Ltd PFIZ.NS:
NAMES AMIT AGARWAL AS CFO
Source text for Eikon: ID:nBSE1rg98y
Further company coverage: PFIZ.NS
(([email protected];))
Pfizer Got Order From Deputy Commissioner For Tax
Dec 26 (Reuters) - Pfizer Ltd PFIZ.NS:
GOT ORDER FROM DEPUTY COMMISSIONER FOR TAX
TOTAL DEMAND OF 16.7 MILLION RUPEES
GOT ONE MORE ORDER FROM CGST & CX FOR DEMAND OF 7.7 MILLION RUPEES
Further company coverage: PFIZ.NS
(([email protected];))
Dec 26 (Reuters) - Pfizer Ltd PFIZ.NS:
GOT ORDER FROM DEPUTY COMMISSIONER FOR TAX
TOTAL DEMAND OF 16.7 MILLION RUPEES
GOT ONE MORE ORDER FROM CGST & CX FOR DEMAND OF 7.7 MILLION RUPEES
Further company coverage: PFIZ.NS
(([email protected];))
India pharma sector growth slows in November on lower volumes
** India's pharmaceutical sector growth slowed to 2.9% year-on-year in November from 13.7% in October as volumes drop, data from All India Origin Chemists and Distributors (AIOCD) showed
** Volumes in November down 4.5% year-on-year after rising 5% in the previous month
** Dermatology and opthalmology segments witness fall in sales while anti-infectives, cardiac, respiratory segments see rise in sales in November
** Eris Lifesciences ERIS.NS, Cipla CIPL.NS, Torrent Pharmaceuticals TORP.NS, Sun Pharmaceutical Industries SUN.NS and Glenmark Pharmaceuticals GLEN.NS see sales uptick of 7% to 11%, outperforming the Indian pharma market
** FDC FDC.NS, Alembic Pharma ALEM.NS, GlaxoSmithKline Pharmaceuticals GLAX.NS and Mankind Pharma MNKI.NS underperform the industry, in terms of November sales
** Pfizer PFIZ.NS sees sales decline of 11.9% while Sanofi India SANO.NS posts 5.7% monthly sales drop
** Nifty pharma index .NIPHARM down 0.9% on the day, dragged by 5% drop in Dr. Reddy's Laboratories REDY.NS on U.S. drug regulator's observations on the drug maker's facility at Hyderabad
** Pharma index up 27% in 2023 so far, compared with 16% rise in Nifty 50 index .NSEI
Indian pharma market growth slows in November https://tmsnrt.rs/3t4SknU
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** India's pharmaceutical sector growth slowed to 2.9% year-on-year in November from 13.7% in October as volumes drop, data from All India Origin Chemists and Distributors (AIOCD) showed
** Volumes in November down 4.5% year-on-year after rising 5% in the previous month
** Dermatology and opthalmology segments witness fall in sales while anti-infectives, cardiac, respiratory segments see rise in sales in November
** Eris Lifesciences ERIS.NS, Cipla CIPL.NS, Torrent Pharmaceuticals TORP.NS, Sun Pharmaceutical Industries SUN.NS and Glenmark Pharmaceuticals GLEN.NS see sales uptick of 7% to 11%, outperforming the Indian pharma market
** FDC FDC.NS, Alembic Pharma ALEM.NS, GlaxoSmithKline Pharmaceuticals GLAX.NS and Mankind Pharma MNKI.NS underperform the industry, in terms of November sales
** Pfizer PFIZ.NS sees sales decline of 11.9% while Sanofi India SANO.NS posts 5.7% monthly sales drop
** Nifty pharma index .NIPHARM down 0.9% on the day, dragged by 5% drop in Dr. Reddy's Laboratories REDY.NS on U.S. drug regulator's observations on the drug maker's facility at Hyderabad
** Pharma index up 27% in 2023 so far, compared with 16% rise in Nifty 50 index .NSEI
Indian pharma market growth slows in November https://tmsnrt.rs/3t4SknU
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Pfizer CFO Milind Patil Retires
Nov 30 (Reuters) - Pfizer Ltd PFIZ.NS:
MILIND PATIL, CHIEF FINANCIAL OFFICER OF COMPANY HAS RETIRED
Source text for Eikon: ID:nBSEbgC0Ps
Further company coverage: PFIZ.NS
(([email protected];))
Nov 30 (Reuters) - Pfizer Ltd PFIZ.NS:
MILIND PATIL, CHIEF FINANCIAL OFFICER OF COMPANY HAS RETIRED
Source text for Eikon: ID:nBSEbgC0Ps
Further company coverage: PFIZ.NS
(([email protected];))
Seagen's breast cancer therapy meets main goal in late-stage study
Aug 16 (Reuters) - Seagen SGEN.O said on Wednesday its cancer therapy in combination with Roche's ROG.S Kadcyla helped control disease progression in a late-stage study.
(Reporting by Mariam Sunny in Bengaluru; Editing by Maju Samuel)
(([email protected];))
Aug 16 (Reuters) - Seagen SGEN.O said on Wednesday its cancer therapy in combination with Roche's ROG.S Kadcyla helped control disease progression in a late-stage study.
(Reporting by Mariam Sunny in Bengaluru; Editing by Maju Samuel)
(([email protected];))
Abbott India posts 41% rise in Q1 profit on strong sales
BENGALURU, Aug 9 (Reuters) - Abbott India ABOT.NS, the Indian arm of U.S. healthcare firm Abbott Laboratories ABT.N, reported a 41% rise in its first-quarter profit on Wednesday, driven by strong sales in its mainstay pharmaceuticals segment.
The company, which makes pain-reliever ibuprofen under the brand name Brufen, said its profit rose to 2.90 billion rupees ($35.02 million), compared with 2.06 billion rupees a year earlier.
Revenue from operations rose 13.4% to 14.79 billion rupees for the quarter.
For further earnings highlights, click here.
KEY CONTEXT
Abbott India, for which the pharmaceutical segment is the sole revenue generator, develops and distributes over 600 products in India, including vitamins, anti-allergic drugs and consumer care.
The company has reported a double-digit growth in its revenue for the past three quarters, led by falling operating expenses and steady sales.
Last month, peer GlaxoSmithKline Pharmaceuticals GLAX.NS posted an 11% rise in its first-quarter profit, helped by a steady vaccines business.
PEER COMPARISON
Valuation (next 12 months) | Estimates (next 12 months) | Analysts' sentiment | |||||||
RIC | PE | EV/EBITDA | Revenue growth | Profit growth | Mean rating* | # of analysts | Stock to price target** | Div yield (%) | |
Abbott India Ltd | ABOT.NS | 44.63 | 32.59 | 13.06 | 14.87 | Buy | 7 | 1.06 | 0.76 |
GlaxoSmithKline Pharmaceuticals Ltd | GLAX.NS | 37.12 | 26.54 | 5.72 | 4.93 | Buy | 6 | 0.98 | 2.28 |
Pfizer Ltd | PFIZ.NS | 27.24 | 18.29 | 6.85 | 5.45 | Strong Buy | 5 | 0.87 | 0.89 |
Cipla Ltd | CIPL.NS | 24.69 | 15.76 | 10.82 | 19.32 | Buy | 38 | 1.09 | 0.67 |
* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell
** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT
APRIL TO JUNE STOCK PERFORMANCE
-- All data from Refinitiv
-- $1 = 82.8150 Indian rupees
APRIL TO JUNE STOCK PERFORMANCE https://tmsnrt.rs/3s91Chv
(Reporting by Kashish Tandon and Biplob Kumar Das in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
BENGALURU, Aug 9 (Reuters) - Abbott India ABOT.NS, the Indian arm of U.S. healthcare firm Abbott Laboratories ABT.N, reported a 41% rise in its first-quarter profit on Wednesday, driven by strong sales in its mainstay pharmaceuticals segment.
The company, which makes pain-reliever ibuprofen under the brand name Brufen, said its profit rose to 2.90 billion rupees ($35.02 million), compared with 2.06 billion rupees a year earlier.
Revenue from operations rose 13.4% to 14.79 billion rupees for the quarter.
For further earnings highlights, click here.
KEY CONTEXT
Abbott India, for which the pharmaceutical segment is the sole revenue generator, develops and distributes over 600 products in India, including vitamins, anti-allergic drugs and consumer care.
The company has reported a double-digit growth in its revenue for the past three quarters, led by falling operating expenses and steady sales.
Last month, peer GlaxoSmithKline Pharmaceuticals GLAX.NS posted an 11% rise in its first-quarter profit, helped by a steady vaccines business.
PEER COMPARISON
Valuation (next 12 months) | Estimates (next 12 months) | Analysts' sentiment | |||||||
RIC | PE | EV/EBITDA | Revenue growth | Profit growth | Mean rating* | # of analysts | Stock to price target** | Div yield (%) | |
Abbott India Ltd | ABOT.NS | 44.63 | 32.59 | 13.06 | 14.87 | Buy | 7 | 1.06 | 0.76 |
GlaxoSmithKline Pharmaceuticals Ltd | GLAX.NS | 37.12 | 26.54 | 5.72 | 4.93 | Buy | 6 | 0.98 | 2.28 |
Pfizer Ltd | PFIZ.NS | 27.24 | 18.29 | 6.85 | 5.45 | Strong Buy | 5 | 0.87 | 0.89 |
Cipla Ltd | CIPL.NS | 24.69 | 15.76 | 10.82 | 19.32 | Buy | 38 | 1.09 | 0.67 |
* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell
** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT
APRIL TO JUNE STOCK PERFORMANCE
-- All data from Refinitiv
-- $1 = 82.8150 Indian rupees
APRIL TO JUNE STOCK PERFORMANCE https://tmsnrt.rs/3s91Chv
(Reporting by Kashish Tandon and Biplob Kumar Das in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
Pfizer Says Voluntary Recall Is Likely To Have Impact On Revenue And Profitability Of Co
May 18 (Reuters) - Pfizer Ltd PFIZ.NS:
VOLUNTARY RECALL IS LIKELY TO HAVE AN IMPACT ON THE REVENUE AND PROFITABILITY OF THE CO
PRODUCTS RECORDED SALE OF 1.39 BILLION RUPEES FOR YEAR ENDED ON MARCH 31, 2023
Source text for Eikon: ID:nNSE4LK27R
Further company coverage: PFIZ.NS
(([email protected];;))
May 18 (Reuters) - Pfizer Ltd PFIZ.NS:
VOLUNTARY RECALL IS LIKELY TO HAVE AN IMPACT ON THE REVENUE AND PROFITABILITY OF THE CO
PRODUCTS RECORDED SALE OF 1.39 BILLION RUPEES FOR YEAR ENDED ON MARCH 31, 2023
Source text for Eikon: ID:nNSE4LK27R
Further company coverage: PFIZ.NS
(([email protected];;))
India's Pfizer March-Quarter Net Profit Rises
May 15 (Reuters) - Pfizer Ltd PFIZ.NS:
MARCH-QUARTER NET PROFIT 1.30 BILLION RUPEES VERSUS PROFIT 1.26 BILLION RUPEES
MARCH-QUARTER REVENUE FROM OPERATIONS 5.73 BILLION RUPEES VERSUS 5.5 BILLION RUPEES
RECOMMENDED FINAL DIVIDEND OF RUPEES 35 PER SHARE
RECOMMENDED SPECIAL DIVIDEND OF RUPEES 5 PER SHARE
Source text for Eikon: [ID:]
Further company coverage: PFIZ.NS
(([email protected];;))
May 15 (Reuters) - Pfizer Ltd PFIZ.NS:
MARCH-QUARTER NET PROFIT 1.30 BILLION RUPEES VERSUS PROFIT 1.26 BILLION RUPEES
MARCH-QUARTER REVENUE FROM OPERATIONS 5.73 BILLION RUPEES VERSUS 5.5 BILLION RUPEES
RECOMMENDED FINAL DIVIDEND OF RUPEES 35 PER SHARE
RECOMMENDED SPECIAL DIVIDEND OF RUPEES 5 PER SHARE
Source text for Eikon: [ID:]
Further company coverage: PFIZ.NS
(([email protected];;))
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What does Pfizer do?
Pfizer Limited is a pharmaceutical company that manufactures, markets & exports products from its manufacturing facility in Goa, India. They have many product portfolios including therapeutics & vaccines that focus on clearly defined areas.
Who are the competitors of Pfizer?
Pfizer major competitors are Eris Lifesciences, Alembic Pharma, Astrazeneca Pharma I, Wockhardt, Natco Pharma, Jubilant Pharmova, Caplin Point Lab. Market Cap of Pfizer is ₹19,467 Crs. While the median market cap of its peers are ₹16,819 Crs.
Is Pfizer financially stable compared to its competitors?
Pfizer seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Pfizer pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Pfizer latest dividend payout ratio is 29.04% and 3yr average dividend payout ratio is 34.26%
How has Pfizer allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Pfizer balance sheet?
Balance sheet of Pfizer is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Pfizer improving?
The profit is oscillating. The profit of Pfizer is ₹616 Crs for TTM, ₹551 Crs for Mar 2024 and ₹624 Crs for Mar 2023.
Is the debt of Pfizer increasing or decreasing?
Yes, The debt of Pfizer is increasing. Latest debt of Pfizer is -₹2,278.82 Crs as of Sep-24. This is greater than Mar-24 when it was -₹4,085.28 Crs.
Is Pfizer stock expensive?
Pfizer is not expensive. Latest PE of Pfizer is 31.63, while 3 year average PE is 37.68. Also latest EV/EBITDA of Pfizer is 24.48 while 3yr average is 26.45.
Has the share price of Pfizer grown faster than its competition?
Pfizer has given better returns compared to its competitors. Pfizer has grown at ~9.77% over the last 7yrs while peers have grown at a median rate of 8.53%
Is the promoter bullish about Pfizer?
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 Pfizer is 63.92% and last quarter promoter holding is 63.92%.
Are mutual funds buying/selling Pfizer?
The mutual fund holding of Pfizer is increasing. The current mutual fund holding in Pfizer is 11.59% while previous quarter holding is 11.3%.