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Elite Pharmaceuticals (ELTP)

(Delayed Data from OTC)

$0.20 USD

0.20
3,329,929

+0.01 (2.83%)

Updated Aug 23, 2024 03:59 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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NA Value NA Growth NA Momentum NA VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 38% (96 out of 251)

Industry: Medical - Drugs

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Balance Sheet

Fiscal Year End for Elite Pharmaceuticals Inc falls in the month of March.

All items in Millions except Per Share data.

3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Assets          
Cash & Equivalents 7 8 9 3 1
Receivables 19 3 3 4 4
Notes Receivable 0 0 0 0 0
Inventories 13 10 7 5 4
Other Current Assets 1 1 1 0 1
Total Current Assets 40 22 19 12 10
Net Property & Equipment 10 10 6 7 7
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 22 2 2 0 0
Intangibles 6 6 7 7 7
Deposits & Other Assets 1 0 1 1 0
Total Assets 84 41 35 26 25
Liabilities & Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Notes Payable 4 0 0 0 1
Accounts Payable 3 2 1 1 2
Current Portion Long-Term Debt 0 0 0 0 1
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 5 5 5 4 5
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 13 8 7 6 9
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 3 4 1 2 2
Non-Current Capital Leases 1 0 0 0 0
Other Non-Current Liabilities 6 1 1 2 4
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 26 12 10 10 14
Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Preferred Stock 0 0 0 0 14
Common Stock (Par) 1 1 1 1 1
Capital Surplus 173 165 165 164 150
Retained Earnings -116 -137 -140 -149 -154
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 58 29 25 16 11
Total Liabilities & Shareholder's Equity 84 41 35 26 25
Total Common Equity 58 29 25 16 -3
Shares Outstanding 1,068.20 1,013.90 1,011.20 1,009.10 840.40
Book Value Per Share 0.05 0.03 0.02 0.02 0.00

Fiscal Year End for Elite Pharmaceuticals Inc falls in the month of March.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents 8 7 6 9 9
Receivables 20 19 16 11 6
Notes Receivable 0 0 0 0 0
Inventories 14 13 14 15 11
Other Current Assets 0 1 1 0 1
Total Current Assets 43 40 37 35 27
Net Property & Equipment 11 10 10 10 10
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 22 22 20 19 2
Intangibles 7 6 6 6 6
Deposits & Other Assets 1 1 0 0 0
Total Assets 88 84 75 71 47
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable 0 4 0 4 4
Accounts Payable 3 3 3 4 2
Current Portion Long-Term Debt 4 0 4 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 6 5 12 11 6
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 14 13 19 19 12
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 3 3 3 3 4
Non-Current Capital Leases 1 1 0 0 0
Other Non-Current Liabilities 9 6 3 1
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 30 26 28 26 16
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1 1 1 1 1
Capital Surplus 173 173 165 165 165
Retained Earnings -116 -116 -120 -120 -135
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 58 58 46 45 30
Total Liabilities & Shareholder's Equity 88 84 75 71 47
Total Common Equity 58 58 46 45 30
Shares Outstanding 1,068.20 1,068.20 1,017.70 1,013.90 1,013.90
Book Value Per Share 0.05 0.05 0.05 0.04 0.03