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Parnax LabBOM:506128 -1.30%69 Quick Ratio is 0.59 as of Mar. 2026, which is 6% below its 10-year median of 0.63. GuruFocus rates BOM:506128 with a GF Score™ of 69/100 and a GF Value™ of ₹149.14 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 999 Drug Manufacturers companies, Parnax Lab ranks worse than 85.29% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Parnax Lab's quick ratio for the quarter that ended in Mar. 2026 was 0.59.
Parnax Lab has a quick ratio of 0.59. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Parnax Lab's Quick Ratio or its related term are showing as below:
BOM:506128'
s Quick Ratio Range Over the Past 10 Years
Min: 0.52 Med: 0.63 Max: 0.78
Current: 0.59
During the past 13 years, Parnax Lab's highest Quick Ratio was 0.78. The lowest was 0.52. And the median was 0.63.
BOM:506128's Quick Ratio is ranked worse than 85.29% of 999
companies
in the Drug Manufacturers industry
Industry Median: 1.44
vs BOM:506128: 0.59
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Parnax Lab Quick Ratio Related Terms
Parnax Lab Quick Ratio Historical Data
* Premium members only.
The historical data trend for Parnax Lab's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Drug Manufacturers - Specialty & Generic subindustry, Parnax Lab's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Parnax Lab Quick Ratio vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Parnax Lab's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Parnax Lab's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Parnax Lab's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Parnax Lab (BOM:506128) has a Quick Ratio of 0.59 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Parnax Lab and its competitors. This is near median its historical median of 0.63. Over the past decade, Parnax Lab's Quick Ratio has ranged from 0.52 to 0.78. According to the industry distribution chart, Parnax Lab ranks #852 out of 999 companies in the Drug Manufacturers industry, placing it in the top 85.3%.
Is Parnax Lab's Quick Ratio too high?
Parnax Lab's current Quick Ratio of 0.59 is near median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 0.78. The Drug Manufacturers industry median Quick Ratio is 1.44. Parnax Lab's value of 0.59 is 59% below this industry median. Based on the distribution chart, Parnax Lab ranks #852 out of 999 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Parnax Lab has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Parnax Lab's Quick Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Parnax Lab ranks #852 out of 999 companies for Quick Ratio. This places Parnax Lab in the lower half of its industry. The industry median Quick Ratio is 1.44. Parnax Lab's value of 0.59 is 59% below this benchmark. Historically, Parnax Lab's own Quick Ratio has ranged from 0.52 to 0.78 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 1.44, Parnax Lab has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Drug Manufacturers company?
The median Quick Ratio among Drug Manufacturers companies is 1.44, based on 999 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Parnax Lab's current Quick Ratio of 0.59 is 59% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Parnax Lab and its competitors. For the Drug Manufacturers industry, the median Quick Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Parnax Lab's current Quick Ratio is 0.59, which is near median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parnax Lab stock overvalued right now?
Based on GuruFocus' analysis, Parnax Lab (BOM:506128) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹149.14, compared to a current price of ₹133.25 — trading 10.7% below its estimated fair value. The current Quick Ratio is 0.59, which is near median its 10-year median of 0.63 and 59% below the Drug Manufacturers industry median of 1.44. Parnax Lab's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Parnax Lab (BOM:506128), the current Quick Ratio is 0.59 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Parnax Lab (BOM:506128) Overvalued in 2026?
Based on GuruFocus' analysis, Parnax Lab stock appears to be undervalued.
The current stock price of ₹133.25 is trading 10.7% below its estimated GF Value™ of ₹149.14.
GuruFocus considers Parnax Lab to be Modestly Undervalued.
Key valuation signals for BOM:506128:
Quick Ratio: 0.59 (near median its 10-year median of 0.63)
GF Value™: ₹149.14 vs. price of ₹133.25 (10.7% below fair value)
Industry Position: 59% below the Drug Manufacturers median (#852 of 999)
No single metric tells the full story. See the BOM:506128 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Address104 - 107, Building No. 8, Gala No. 114, Jogani Industrial Complex, Panchsheel Nagar, Next to Modi Hyundai Service Centre, Chunabhatti, Sion, Mumbai, MH, IND, 400 022
Parnax Lab Ltd is principally engaged in the manufacturing and export of Pharmaceutical Formulations. Its product categories include Pharmaceuticals; Cosmetics; Herbal and Nutraceuticals. The company is developing and delivering Oral Formulations such as Cough Expectorants, Antacids, Anti-Histamines, Multi-Vitamins, Enzyme Preparations, Pediatric Formulations, Special Formulations for Geriatrics, Highly Viscous Products, Suspensions, and others.
69GF Score
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