Zydus Wellness Ltd.
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ABOUT
AI Sector View
AI GENERATEDFast Moving Consumer Goods
Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.
PROS
- Company is almost debt free
- Company has delivered good sales growth of 38.6% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.00x)
- Company has a consistent dividend-paying track record
CONS
- Recent results are weak - TTM profit is down 79.4% versus prior year
- Company has a low return on capital employed of 1.2%
- A large part of profit comes from other income (35.7% of PBT)
- Company has a low return on equity of 0.8% over last 3 years
- Working capital days have increased from -57 to 5 days
- Valuation is stretched - P/E of 456.7 is well above its own 5-year median (277.6)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEIND | 1384.00 | 70.03 | 266878.70 | 0.87 | 9586.80 | 1382.67 | 63781.80 | 1157.04 | 98.35 | 23.86 |
| VBL | 416.25 | 41.58 | 140795.10 | 0.36 | 1525.36 | 15.08 | 8650.57 | 20.77 | 20.73 | 27.04 |
| BRITANNIA | 4970.00 | 45.97 | 119711.54 | 1.82 | 593.38 | 14.08 | 4999.97 | 10.26 | 56.48 | 16.77 |
| JUBLFOOD | 470.40 | 71.52 | 31039.12 | 0.26 | 100.03 | 6.03 | 2569.65 | 13.66 | 25.56 | 19.77 |
| HATSUN | 1222.80 | 78.20 | 27237.66 | 0.49 | 60.58 | — | 2363.72 | 17.61 | 17.40 | 10.81 |
| MILKYMIST | 293.30 | 177.78 | 22579.51 | 0.00 | 646.79 | — | 9734.46 | — | 13.79 | 14.77 |
| ZYDUSWELL | 552.65 | 93.43 | 17583.15 | 0.22 | 118.90 | -7.04 | 1437.00 | 67.54 | 4.42 | 16.82 |
| DEVYANI | 137.95 | 0.00 | 17008.40 | 0.00 | 171.04 | 7576.84 | 15805.16 | 1064.74 | 8.98 | 16.09 |
| LTFOODS | 437.85 | 23.74 | 15204.47 | 0.69 | 183.45 | 8.87 | 3151.83 | 27.92 | 19.77 | 11.26 |
| BIKAJI | 548.50 | 53.20 | 13752.89 | 0.23 | 59.47 | 1.62 | 734.26 | 15.26 | 21.65 | 13.48 |
| MANORAMA | 2063.45 | 52.81 | 13024.99 | 0.04 | 78.66 | 67.55 | 404.01 | 39.53 | 35.00 | 26.29 |
| KWIL | 43.05 | 0.00 | 10114.99 | 0.00 | 50.70 | 354.77 | 878.30 | 99.34 | — | 11.77 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 52 | 50 | 55 | 53 | 54 | 53 | 89 | 117 | 77 | 145 | 142 | 111 | 153 | |
| 53 | 50 | 53 | 56 | 58 | 56 | 85 | 114 | 75 | 129 | 132 | 113 | 150 | |
| Operating Profit | -1 | -1 | 2 | -3 | -4 | -3 | 4 | 3 | 2 | 16 | 10 | -1 | 2 |
| OPM % | -2.52% | -1.41% | 4.33% | -4.91% | -6.80% | -4.89% | 4.40% | 2.57% | 2.46% | 11.03% | 6.85% | -1.26% | 1.63% |
| 4 | 5 | 5 | 5 | 5 | 4 | 3 | 0 | 0 | -6 | 3 | 5 | 5 | |
| Interest | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 2 | 2 | 2 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 1 | 6 | 6 | 6 | 6 |
| Profit before Tax | 10 | 10 | 14 | 10 | 8 | 10 | 16 | 5 | 10 | 12 | 14 | 15 | 7 |
| Tax % | 21.15% | 25.00% | 24.26% | 28.85% | 26.19% | 23.81% | 24.84% | 28.85% | 26.32% | 33.91% | 14.79% | 12.50% | 25.68% |
| Net Profit | 8 | 8 | 10 | 7 | 6 | 8 | 12 | 4 | 7 | 8 | 12 | 13 | 6 |
| 1.29 | 1.23 | 1.62 | 1.16 | 0.97 | 0.25 | 0.37 | 0.12 | 1.10 | 0.24 | 0.38 | 0.42 | 0.17 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 225 | 264 | 255 | 154 | 114 | 216 | 251 | 245 | 354 | 582 | 551 | |
| 137 | 152 | 182 | 175 | 164 | 222 | 213 | 212 | 313 | 504 | 524 | |
| Operating Profit | 88 | 112 | 72 | -21 | -50 | -5 | 38 | 33 | 42 | 79 | 27 |
| OPM % | 39.26% | 42.28% | 28.39% | -13.57% | -43.68% | -2.46% | 15.13% | 13.40% | 11.71% | 13.50% | 4.86% |
| 25 | 28 | 57 | 109 | -60 | 15 | 14 | 18 | 13 | 6 | 6 | |
| Interest | 0 | 2 | 30 | 140 | 75 | 2 | 1 | 3 | 4 | 11 | 12 |
| Depreciation | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 10 | 25 | 25 |
| Profit before Tax | 109 | 134 | 97 | -55 | -188 | 5 | 47 | 45 | 40 | 49 | 48 |
| Tax % | -0.51% | 0.24% | 0.89% | 25.86% | 3.18% | -143.30% | -40.68% | 24.78% | 25.38% | 22.95% | 20.29% |
| Net Profit | 109 | 134 | 96 | -41 | -182 | 13 | 66 | 34 | 30 | 38 | 38 |
| EPS | 27.99 | 34.24 | 22.83 | -7.06 | -29.99 | 2.00 | 10.44 | 5.30 | 4.67 | 1.18 | — |
| Dividend Payout % | 23.23% | 23.36% | 29.94% | -70.78% | -17.47% | 250.51% | 47.89% | 94.36% | 128.49% | 101.49% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 11%
- 5 Years:
- 39%
- 3 Years:
- 32%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -10%
- 5 Years:
- —
- 3 Years:
- -17%
STOCK PRICE CAGR
- 10 Years:
- 12%
- 5 Years:
- 3%
- 3 Years:
- 21%
- 1 Year:
- 8%
RETURN ON EQUITY
- 10 Years:
- 5%
- 5 Years:
- 1%
- 3 Years:
- 1%
- Last Year:
- 1%
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 | 39 | 39 | 58 | 58 | 64 | 64 | 64 | 64 | 64 | 64 |
| 518 | 652 | 3,268 | 3,157 | 3,956 | 3,937 | 3,971 | 3,972 | 3,970 | 3,969 | |
| 26 | 26 | 1,567 | 1,517 | 51 | 47 | 1 | 52 | 130 | 181 | |
| Trade Payables | 15 | 16 | 25 | 33 | 36 | 31 | 20 | 19 | 33 | 43 |
| 9 | 9 | 41 | 27 | -6 | -12 | -32 | -24 | 31 | 4 | |
| Total Liabilities | 608 | 742 | 4,958 | 4,792 | 4,100 | 4,067 | 4,024 | 4,083 | 4,228 | 4,260 |
| 40 | 38 | 37 | 43 | 44 | 45 | 54 | 54 | 432 | 420 | |
| Capital Work in Progress | 0 | 0 | 1 | 1 | 1 | 2 | 0 | 4 | 8 | 5 |
| 254 | 294 | 3,690 | 3,528 | 3,671 | 3,683 | 3,698 | 3,676 | 3,678 | 3,671 | |
| 6 | 6 | 6 | 12 | 15 | 9 | 9 | 10 | 26 | 28 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 24 | 28 | |
| Cash & Bank | 295 | 392 | 43 | 30 | 84 | 57 | 15 | 10 | 11 | 8 |
| 12 | 11 | 1,181 | 1,178 | 285 | 270 | 246 | 321 | 50 | 102 | |
| Total Assets | 608 | 742 | 4,958 | 4,792 | 4,100 | 4,067 | 4,024 | 4,083 | 4,228 | 4,260 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 89 | 111 | 89 | -20 | -54 | -14 | 37 | 26 | 40 | 35 | |
| Cash from Investing | -78 | -109 | -4,131 | 267 | 816 | 27 | 1 | -47 | -105 | -32 |
| Cash from Financing | -6 | -2 | 4,049 | -260 | -710 | -38 | -79 | 15 | 43 | -0 |
| 4 | 2 | 4 | -13 | 54 | -27 | -42 | -6 | -22 | 3 |
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
2026-09-08 - Significant increase in volume has been observed in Zydus Wellness Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Zydus Wellness Limited has submitted their response.
2026-09-07 - Significant increase in volume has been observed in Zydus Wellness Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.
2026-09-03 - Zydus Wellness Limited has informed the Exchange about ESG rating assigned by SES
2026-09-02 - Zydus Wellness Limited has informed the Exchange about Schedule of meet
2026-09-02 - Zydus Wellness Limited has informed the Exchange about Transcript of 32nd Annual General Meeting
2026-09-01 - Zydus Wellness Limited has informed the Exchange about appointment of Mr. Kapil Sharma as Chief Revenue Officer forming part of Senior Management of the Company
2026-08-24 - Zydus Wellness Limited has informed the Exchange regarding 'Disclosure under SEBI (PIT) Regulations, 2015'.
2026-08-19 - Zydus Wellness Limited has informed the Exchange about Credit Rating
2026-08-10 - Zydus Wellness Limited has informed the Exchange about Transcript
News
Recent coverage and analyst commentary for ZYDUSWELL
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Zydus Wellness Ltd.
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