Biocon 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
- Latest quarter profit grew 728.9% YoY, showing strong momentum
- Working capital cycle has improved - days down from 70 to 50
- Institutional investors have been accumulating - FII+DII up 2.6pp
- Company has a consistent dividend-paying track record
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (628.2% of PBT)
- Recent results are weak - TTM profit is down 78.9% versus prior year
- Promoter holding has decreased over last 2 years: -16.0pp
- Company has a low return on capital employed of 3.4%
- Company has a low return on equity of 2.3% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMA | 1864.00 | 36.98 | 447236.04 | 0.86 | 2901.23 | 26.53 | 15299.88 | 10.98 | 19.11 | 28.81 |
| DIVISLAB | 9405.00 | 85.36 | 249673.20 | 0.32 | 902.00 | 65.50 | 3080.00 | 27.80 | 21.51 | 40.75 |
| TORNTPHARM | 4928.40 | 85.95 | 187460.49 | 0.77 | 566.00 | 3.28 | 4921.00 | 57.32 | 19.27 | 33.81 |
| ZYDUSLIFE | 1118.00 | 24.71 | 111520.93 | 0.09 | 990.20 | -34.90 | 8017.00 | 23.97 | 21.39 | 24.54 |
| CIPLA | 1380.00 | 33.08 | 111484.47 | 0.94 | 785.55 | -39.18 | 7119.28 | 4.13 | 16.00 | 16.73 |
| LAURUSLABS | 1936.00 | 95.67 | 104604.45 | 0.10 | 362.07 | 123.94 | 2026.31 | 29.10 | 18.20 | 31.50 |
| AUROPHARMA | 1669.00 | 25.87 | 96030.57 | 0.24 | 1032.03 | 25.22 | 9150.35 | 17.44 | 12.76 | 20.54 |
| DRREDDY | 1140.80 | 29.55 | 95220.28 | 0.70 | 435.60 | -69.10 | 8099.80 | -5.21 | 13.75 | 10.63 |
| LUPIN | 2075.00 | 17.16 | 94882.67 | 0.87 | 1416.98 | 16.01 | 8276.89 | 34.28 | 28.86 | 29.59 |
| MANKIND | 2246.00 | 45.42 | 92769.93 | 0.04 | 574.09 | 29.12 | 4030.59 | 12.89 | 13.24 | 26.30 |
| GLENMARK | 2417.00 | 37.94 | 68213.70 | 0.10 | 482.83 | 927.88 | 4018.48 | 31.35 | 20.35 | 20.03 |
| BIOCON | 390.00 | 128.32 | 63558.07 | 0.13 | 136.80 | 53.36 | 4336.00 | 10.89 | 3.26 | 19.54 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 513 | 519 | 563 | 533 | 511 | 525 | 563 | 644 | 537 | 583 | 621 | 605 | 624 | |
| 441 | 452 | 492 | 480 | 466 | 488 | 532 | 582 | 516 | 530 | 548 | 525 | 619 | |
| Operating Profit | 72 | 67 | 71 | 52 | 45 | 38 | 31 | 62 | 21 | 53 | 73 | 79 | 5 |
| OPM % | 14.03% | 12.96% | 12.67% | 9.80% | 8.79% | 7.16% | 5.56% | 9.63% | 3.84% | 9.07% | 11.80% | 13.11% | 0.82% |
| 56 | 64 | 48 | 39 | 42 | 74 | 672 | 63 | 61 | 134 | -122 | 31 | 65 | |
| Interest | 48 | 55 | 56 | 40 | 55 | 60 | 65 | 57 | 56 | 67 | 2 | 17 | 17 |
| Depreciation | 30 | 31 | 31 | 30 | 30 | 30 | 34 | 33 | 33 | 34 | 34 | 36 | 38 |
| Profit before Tax | 50 | 46 | 33 | 22 | 1 | 21 | 604 | 35 | -8 | 86 | -84 | 57 | 70 |
| Tax % | 6.05% | 24.57% | 27.05% | 35.78% | 18.18% | 84.69% | 3.30% | 39.43% | -9.21% | 17.27% | 9.59% | 11.15% | 25.32% |
| Net Profit | 47 | 35 | 24 | 14 | 1 | 3 | 584 | 21 | -8 | 71 | -76 | 51 | 52 |
| 0.39 | 0.29 | 0.20 | 0.12 | 0.01 | 0.03 | 4.88 | 4.88 | -0.07 | 0.55 | -0.57 | 0.32 | 0.32 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,588 | 2,419 | 1,786 | 1,988 | 2,028 | 1,738 | 1,993 | 2,127 | 2,243 | 2,346 | 2,434 | |
| 1,996 | 2,106 | 1,576 | 1,706 | 1,717 | 1,677 | 1,972 | 1,912 | 2,080 | 2,121 | 2,223 | |
| Operating Profit | 591 | 313 | 210 | 282 | 311 | 61 | 21 | 216 | 163 | 225 | 211 |
| OPM % | 22.85% | 12.95% | 11.75% | 14.18% | 15.34% | 3.52% | 1.04% | 10.14% | 7.25% | 9.61% | 8.65% |
| 99 | 130 | 308 | 366 | 152 | 187 | 3,137 | 254 | 863 | 105 | 108 | |
| Interest | 4 | 1 | 3 | 1 | 0 | 0 | 70 | 199 | 237 | 142 | 104 |
| Depreciation | 151 | 136 | 92 | 98 | 104 | 108 | 117 | 121 | 128 | 137 | 142 |
| Profit before Tax | 536 | 306 | 423 | 548 | 359 | 140 | 2,971 | 150 | 661 | 51 | 128 |
| Tax % | 3.15% | 22.01% | 10.57% | 20.41% | 21.82% | 38.37% | 4.13% | 20.63% | 7.81% | 27.06% | 23.97% |
| Net Profit | 519 | 238 | 378 | 436 | 280 | 86 | 2,848 | 119 | 609 | 37 | 98 |
| EPS | 8.76 | 4.02 | 4.14 | 3.71 | 2.34 | 0.72 | 23.82 | 0.99 | 5.08 | 0.23 | — |
| Dividend Payout % | 11.55% | 25.16% | 15.86% | 0.00% | 0.00% | 69.73% | 6.32% | 50.32% | 9.85% | 217.86% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 0%
- 5 Years:
- 3%
- 3 Years:
- 6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -20%
- 5 Years:
- -33%
- 3 Years:
- -76%
STOCK PRICE CAGR
- 10 Years:
- 10%
- 5 Years:
- 2%
- 3 Years:
- 13%
- 1 Year:
- 7%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 8%
- 3 Years:
- 2%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 100 | 300 | 300 | 600 | 600 | 600 | 600 | 600 | 600 | 810 |
| 6,397 | 6,389 | 6,756 | 6,854 | 7,205 | 7,399 | 10,207 | 10,232 | 10,816 | 26,157 | |
| 261 | 205 | 212 | 39 | 96 | 160 | 1,390 | 2,136 | 2,879 | 1,133 | |
| Trade Payables | 450 | 580 | 644 | 521 | 372 | 381 | 457 | 448 | 814 | 589 |
| 155 | 151 | 126 | 117 | 154 | 209 | 352 | 345 | 511 | 581 | |
| Total Liabilities | 7,364 | 7,625 | 8,038 | 8,131 | 8,427 | 8,749 | 13,007 | 13,761 | 15,621 | 29,271 |
| 894 | 859 | 1,059 | 721 | 729 | 805 | 899 | 900 | 1,060 | 1,331 | |
| Capital Work in Progress | 241 | 318 | 254 | 152 | 165 | 270 | 329 | 545 | 687 | 523 |
| 3,888 | 4,199 | 4,093 | 4,953 | 5,413 | 5,280 | 9,271 | 9,318 | 11,383 | 24,978 | |
| 540 | 562 | 802 | 535 | 431 | 542 | 560 | 665 | 836 | 875 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,048 | 829 | 1,003 | |
| Cash & Bank | 383 | 197 | 356 | 375 | 601 | 689 | 720 | 586 | 250 | 92 |
| 1,418 | 1,490 | 1,474 | 1,396 | 1,089 | 1,163 | 1,228 | 698 | 577 | 469 | |
| Total Assets | 7,364 | 7,625 | 8,038 | 8,131 | 8,427 | 8,749 | 13,007 | 13,761 | 15,621 | 29,271 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 306 | 443 | 246 | 478 | 633 | 76 | 260 | -123 | 624 | -180 | |
| Cash from Investing | 110 | -556 | 311 | -213 | -711 | -306 | -1,178 | -296 | -992 | -6,582 |
| Cash from Financing | -238 | -55 | -208 | -129 | 28 | 112 | 1,039 | 344 | 495 | 6,602 |
| 58 | -255 | 212 | 45 | -112 | -146 | 81 | -76 | 127 | -160 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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
2026-09-09 - Biocon Limited has informed the Exchange about Communication regarding remittance of final dividend for the FY 2025-26
2026-09-08 - Biocon Limited has informed the Exchange about Schedule of meet
2026-09-08 - Biocon Limited has informed the Exchange regarding a press release dated September 08, 2026, titled "Biocon Secures 10-Year Supply Contract for Pertuzumab in Brazil".
2026-08-31 - Biocon Limited has informed the Exchange about Schedule of meet
2026-08-28 - Biocon Limited has informed the Exchange about "Communication regarding remittance of final dividend for the FY 2025-26"
2026-08-25 - Biocon Limited has informed the Exchange regarding 'Company Statement'.
2026-08-18 - Biocon Limited has informed the Exchange regarding 'Company Statement'.
2026-08-11 - Biocon Limited has informed the Exchange about Schedule of meet
2026-08-11 - Biocon Limited has informed the Exchange about Transcript
News
Recent coverage and analyst commentary for BIOCON
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Biocon Ltd.
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