Ajanta Pharma Ltd.
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ABOUT
AI Sector View
AI GENERATEDHealthcare
This stance relies on proxies and positioning because no direct pharma-export or healthcare operating series exists in the dataset. The depreciated currency at 95.23 (Sep/26) can support export earnings, inflation at 4.45% (Jul/26) is manageable for a defensive sector, and consumer spending remains large at INR 44743 billion (Jun/26). Strong FPI inflow of INR 10620 crore over 3 months to 2026-08-31 from INR -11381 crore in the prior 3 months adds a real sector-specific tailwind, but confidence stays capped because the fundamental drivers are indirect proxies.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 32.6%
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.7%
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 30.9% YoY, showing strong momentum
- Company has been maintaining a healthy dividend payout of 33.1%
CONS
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -2.8pp
- Total debt has risen sharply - up 8084.9% year on year
- Stock is trading at 7.7x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMA | 1868.50 | 37.06 | 448315.74 | 0.86 | 2901.23 | 26.53 | 15299.88 | 10.98 | 19.11 | 28.81 |
| DIVISLAB | 9482.75 | 86.06 | 251737.22 | 0.32 | 902.00 | 65.50 | 3080.00 | 27.80 | 21.51 | 40.75 |
| TORNTPHARM | 4931.90 | 86.01 | 187593.62 | 0.77 | 566.00 | 3.28 | 4921.00 | 57.32 | 19.27 | 33.81 |
| ZYDUSLIFE | 1129.00 | 24.95 | 112618.18 | 0.09 | 990.20 | -34.90 | 8017.00 | 23.97 | 21.39 | 24.54 |
| CIPLA | 1368.00 | 32.79 | 110515.04 | 0.95 | 785.55 | -39.18 | 7119.28 | 4.13 | 16.00 | 16.73 |
| LAURUSLABS | 1933.25 | 95.54 | 104455.86 | 0.10 | 362.07 | 123.94 | 2026.31 | 29.10 | 18.20 | 31.50 |
| AUROPHARMA | 1690.00 | 26.19 | 97238.86 | 0.24 | 1032.03 | 25.22 | 9150.35 | 17.44 | 12.76 | 20.54 |
| LUPIN | 2092.00 | 17.30 | 95660.02 | 0.86 | 1416.98 | 16.01 | 8276.89 | 34.28 | 28.86 | 29.59 |
| DRREDDY | 1143.20 | 29.61 | 95420.61 | 0.70 | 435.60 | -69.10 | 8099.80 | -5.21 | 13.75 | 10.63 |
| MANKIND | 2266.00 | 45.82 | 93596.02 | 0.04 | 574.09 | 29.12 | 4030.59 | 12.89 | 13.24 | 26.30 |
| GLENMARK | 2439.55 | 38.29 | 68850.12 | 0.10 | 482.83 | 927.88 | 4018.48 | 31.35 | 20.35 | 20.03 |
| AJANTPHARM | 3539.25 | 38.97 | 44226.12 | 0.79 | 334.22 | 30.89 | 1625.96 | 24.82 | 32.67 | 26.05 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,021 | 1,028 | 1,105 | 1,054 | 1,145 | 1,187 | 1,146 | 1,170 | 1,303 | 1,354 | 1,375 | 1,422 | 1,626 | |
| 750 | 738 | 791 | 776 | 815 | 875 | 825 | 873 | 951 | 1,026 | 993 | 1,088 | 1,250 | |
| Operating Profit | 271 | 291 | 314 | 278 | 330 | 311 | 321 | 297 | 351 | 328 | 382 | 333 | 376 |
| OPM % | 26.57% | 28.26% | 28.42% | 26.40% | 28.85% | 26.22% | 27.99% | 25.39% | 26.97% | 24.22% | 27.80% | 23.45% | 23.12% |
| 32 | 21 | 14 | 36 | 26 | 19 | 30 | 18 | 26 | 59 | 25 | 61 | 71 | |
| Interest | 1 | 2 | 2 | 2 | 1 | 6 | 8 | 6 | 5 | 3 | 5 | 2 | 3 |
| Depreciation | 33 | 34 | 34 | 34 | 34 | 34 | 36 | 40 | 41 | 43 | 44 | 45 | 44 |
| Profit before Tax | 269 | 276 | 291 | 278 | 322 | 290 | 307 | 269 | 331 | 341 | 359 | 347 | 447 |
| Tax % | 22.64% | 29.22% | 27.80% | 27.09% | 23.70% | 25.41% | 24.24% | 16.39% | 22.89% | 23.66% | 23.66% | 23.17% | 25.20% |
| Net Profit | 0 | 0 | 0 | 0 | 246 | 216 | 233 | 225 | 255 | 260 | 274 | 267 | 334 |
| 16.53 | 15.51 | 16.68 | 16.10 | 19.54 | 17.27 | 18.60 | 18.00 | 20.44 | 20.83 | 21.91 | 21.35 | 26.75 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,983 | 2,126 | 2,055 | 2,588 | 2,890 | 3,341 | 3,743 | 4,209 | 4,648 | 5,453 | 5,776 | |
| 1,296 | 1,467 | 1,489 | 1,905 | 1,891 | 2,412 | 2,959 | 3,037 | 3,389 | 4,058 | 4,357 | |
| Operating Profit | 687 | 658 | 566 | 683 | 999 | 929 | 783 | 1,172 | 1,260 | 1,395 | 1,419 |
| OPM % | 34.63% | 30.97% | 27.56% | 26.40% | 34.56% | 27.81% | 20.93% | 27.85% | 27.10% | 25.58% | 24.57% |
| 24 | 24 | 21 | 88 | 26 | 116 | 99 | 85 | 94 | 172 | 217 | |
| Interest | 1 | 0 | 1 | 12 | 8 | 10 | 6 | 7 | 21 | 16 | 14 |
| Depreciation | 61 | 60 | 72 | 96 | 116 | 125 | 131 | 135 | 144 | 173 | 176 |
| Profit before Tax | 648 | 623 | 514 | 664 | 900 | 909 | 745 | 1,114 | 1,189 | 1,378 | 1,493 |
| Tax % | 21.81% | 24.72% | 24.75% | 29.56% | 27.36% | 21.64% | 21.10% | 26.73% | 22.60% | 23.35% | 24.00% |
| Net Profit | 507 | 469 | 387 | 468 | 654 | 713 | 588 | 816 | 920 | 1,056 | 1,135 |
| EPS | 57.58 | 53.25 | 43.96 | 53.60 | 75.09 | 54.96 | 45.89 | 64.83 | 73.69 | 84.55 | — |
| Dividend Payout % | 22.57% | 0.00% | 20.29% | 24.25% | 12.57% | 11.38% | 14.99% | 78.67% | 38.00% | 33.12% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 14%
- 3 Years:
- 13%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 10%
- 5 Years:
- 10%
- 3 Years:
- 22%
STOCK PRICE CAGR
- 10 Years:
- 11%
- 5 Years:
- 20%
- 3 Years:
- 27%
- 1 Year:
- 36%
RETURN ON EQUITY
- 10 Years:
- 24%
- 5 Years:
- 23%
- 3 Years:
- 25%
- Last Year:
- 25%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 17 | 17 | 17 | 17 | 25 | 25 | 25 | 25 |
| 1,548 | 2,022 | 2,227 | 2,581 | 2,978 | 3,247 | 3,362 | 3,536 | 3,760 | 4,499 | |
| 7 | 3 | 53 | 63 | 31 | 32 | 34 | 29 | 44 | 261 | |
| Trade Payables | 178 | 250 | 225 | 362 | 374 | 327 | 423 | 463 | 454 | 544 |
| 72 | 133 | 384 | 548 | 709 | 573 | 860 | 450 | 834 | 918 | |
| Total Liabilities | 1,823 | 2,426 | 2,906 | 3,572 | 4,109 | 4,197 | 4,705 | 4,504 | 5,117 | 6,247 |
| 589 | 1,053 | 1,168 | 1,463 | 1,532 | 1,504 | 1,496 | 1,479 | 1,762 | 1,867 | |
| Capital Work in Progress | 253 | 61 | 262 | 132 | 108 | 153 | 209 | 256 | 176 | 258 |
| 182 | 190 | 78 | 79 | 176 | 147 | 535 | 349 | 464 | 588 | |
| 211 | 351 | 436 | 496 | 766 | 791 | 816 | 828 | 904 | 939 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,247 | 1,183 | 1,854 | |
| Cash & Bank | 70 | 93 | 101 | 205 | 210 | 212 | 331 | 131 | 176 | 105 |
| 519 | 678 | 862 | 1,197 | 1,317 | 1,390 | 1,317 | 214 | 452 | 636 | |
| Total Assets | 1,823 | 2,426 | 2,906 | 3,572 | 4,109 | 4,197 | 4,705 | 4,504 | 5,117 | 6,247 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 760 | 421 | 493 | 612 | 807 | 801 | 943 | 785 | 1,157 | 529 | |
| Cash from Investing | -383 | -256 | -223 | -224 | -282 | -74 | -560 | 65 | -377 | -429 |
| Cash from Financing | -202 | -0 | -147 | -129 | -318 | -460 | -108 | -1,051 | -733 | -168 |
| 24 | 25 | 4 | 104 | -24 | 28 | 124 | -201 | 47 | -68 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-31 - Ajanta Pharma Limited has informed the Exchange about
2026-08-31 - Ajanta Pharma Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-05 - Ajanta Pharma Limited has informed the Exchange about Participation in Investor Conference
2026-08-03 - Ajanta Pharma Limited has informed the Exchange about Transcript
2026-07-31 - Ajanta Pharma Limited has informed the Exchange about Copy of Newspaper Publication
2026-07-30 - Ajanta Pharma Limited has informed the Exchange about Link of Recording
2026-07-30 - Ajanta Pharma Limited has informed the Exchange about ESOP Allotment
2026-07-30 - Ajanta Pharma Limited has informed the Exchange that Board of Directors at its meeting held on July 30, 2026, declared Select Dividend of Rs. 32 per equity share.
2026-07-30 - Ajanta Pharma Limited has informed the Exchange that Record date for the purpose of Dividend is 05-Aug-2026.
News
Recent coverage and analyst commentary for AJANTPHARM
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Ajanta Pharma Ltd.
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