Ajanta Pharma Limited

Ajanta Pharma Limited

3,270.60
INR
+10.40
(+0.32%)
90.40EPS
37.84P/E
427.62BMarket Cap
Oct 30Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
89.61
109.78
129.85
145.18
156.02
152.76
195.72
217.83
253.29
289.38
330.51
366.63
432.83
458.25
Basic EPS, GAAP
17.74
23.49
31.49
38.39
35.5
29.32
35.73
50.06
54.97
45.89
64.82
73.56
84.53
90.45
Free Cash Flow per Basic Share
16.12
21.12
24.71
46.16
21.3
28.37
34.9
44.12
43.32
61.83
62.35
92.48
42.36
- -
Dividend per Share
1.11
2.66
9.3
8.65
0.02
5.99
8.67
6.35
6.34
7
51
27.92
27.99
- -
Book Value per Share
45.01
68.56
90.21
118.76
154.62
171.55
198.55
230.79
254.78
267.44
283.31
303.44
362.35
- -
Tangible Book Value per Share
44.82
68.32
89.83
118.21
154.06
171.04
197.66
229.96
254.08
266.83
282.15
299.71
359.03
- -
Basic Weighted Avg Shares
132
132
132
132
132
132
131
131
130
128
126
125
125
125
Sales/Revenue/Turnover
11,811
14,481
17,140
19,164
20,596
20,165
25,618
28,452
32,841
37,075
41,616
45,875
54,073
57,251
Operating Margin (%)
27.51
31.33
32.12
34.71
29.48
24.95
23.83
31.36
24.72
18.33
25.13
24.6
24.53
52.41
Depreciation Expense
439
516
444
612
596
721
957
1,161
1,253
1,308
1,354
1,441
1,731
1,747
Net Income, GAAP
2,339
3,099
4,156
5,068
4,686
3,870
4,677
6,539
7,127
5,880
8,162
9,204
10,560
11,300
Effective Tax Rate (%)
29.1
32.05
25.64
21.81
24.72
24.75
29.56
27.36
21.64
21.1
26.73
22.6
23.35
23.83
Profit Margin (%)
19.8
21.4
24.25
26.45
22.75
19.19
18.26
22.98
21.7
15.86
19.61
20.06
19.53
19.74
Working Capital
2,446
4,365
5,034
6,039
8,776
8,022
10,355
13,790
16,171
16,947
18,357
18,469
23,197
- -
LT Debt
523
333
149
10
10
7
127
198
186
262
235
347
394
- -
Total Equity
5,933
9,044
11,909
15,677
20,414
22,452
25,989
29,956
32,644
33,880
35,674
37,903
45,271
- -
Return on Invested Capital (%)
37.09
36.41
36.01
34.99
24.87
17.22
16.99
22.12
19.68
15.72
21.47
22.98
23.33
- -
Return on Capital (%)
38.4
37.01
37.34
35.75
25.97
17.94
19.22
23.15
22.82
17.65
23.38
25.17
24.77
- -
Return on Common Equity (%)
47.4
41.38
39.67
36.75
25.97
18.05
19.31
23.38
22.77
17.68
23.47
25.02
25.39
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
2,208
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
394
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
125
125
125
Market Capitalization
345,934
350,457
427,617

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
37,354
- -
Cash, Cash Equivalents & STI
- -
6,631
- -
Accounts Receivable, Net
- -
18,539
- -
Inventories
- -
9,385
- -
Total Current Liabilities
- -
14,158
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,208
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.66%
8.75%
19.44%
Free Cash Flow
14.5%
6.15%
-54.27%
Net Income, GAAP
11.54%
11.56%
14.73%
Sales/Revenue/Turnover
12.4%
13.73%
17.87%
Total Cash Common Dividend
2,676.18%
115.75%
0.1%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
11,449
11,866
11,461
11,704
45,875
2026
13,027
- -
13,748
14,216
54,073
2027
16,260
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
19.54
17.27
18.6
18
73.56
2026
20.44
- -
21.91
21.35
84.53
2027
26.75
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
27.92
2026
- -
- -
- -
- -
27.99
2027
- -
- -
- -
- -
- -

Company Description

CEO
Yogesh Mannalal Agrawal
Full Time Employees
13,206
Sector
Health technology
Industry
Pharmaceuticals: major
Address
Ajanta House Mumbai MA India 400 093
IPO Date
Jun 5, 2000
Business
Ajanta Pharma Limited (AJANTPHARM.NS) is an Indian multinational specialty pharmaceutical company that develops, manufactures and markets branded generic medicines and US generics across chronic and acute therapies; offers products in ophthalmology (glaucoma, dry eye, conjunctivitis treatments), cardiology (antihypertensives, heart failure, cholesterol control), dermatology (acne, psoriasis, fungal infections, allergies), pain management (analgesics, anti-inflammatories), anti-malarials, antidiabetics, anti-allergics, antibiotics, respiratory, gastroenterology, gynecology, nephrology and central nervous system segments; and provides dosage forms including tablets, capsules, injectables, inhalers, ointments and sterile eye drops. The company operates in 30+ countries including India, Southeast Asia, Middle East, Central Asia, Africa (20 countries) and the United States, with 74% of revenue from branded generics in India (32%), Asia (26%) and Africa (16%), 23% from US generics and 3% from Africa institutional anti-malarials. Founded in 1973 and headquartered in Mumbai, India, Ajanta Pharma employs over 11,000 people across seven state-of-the-art manufacturing facilities in India (six for finished formulations including Paithan, Guwahati, Pithampur and Dahej; one for APIs primarily for captive use), with approvals from US FDA and WHO. Ajanta Pharma maintains leadership in multiple molecules and sub-therapeutic segments through first-to-market products (50% of portfolio), covering 2.5+ lakh doctors in India with 5,400+ medical representatives globally and focusing on chronic therapies that contribute 65% of India sales. The company invests 5% of revenue in R&D with 850+ scientists developing complex formulations, supported by 52 active ANDAs (47 products on shelf) and 22 under approval for US generics. In emerging markets, it holds top-5 positions in key countries with 500+ brands, while its robust supply chain ensures 99.9% fill rates in the US. In recent developments, Ajanta Pharma acquired three pain management brands from Aksigen (annual revenue Rs. 15-17 crore) in FY2025 to strengthen its India portfolio, entered nephrology and gynecology therapies with over 200 medical representatives, expanded field force by 250 in existing therapies, launched 32 new products in India (8 first-to-market, including 6 in Q4 FY2025) contributing to 11% growth outperforming IPM's 8%, introduced 38 new products in Asia/Africa (25 in Asia chronic therapies, 13 in Africa), and launched 5 US generics in H2 FY2025 (e.g., Fluvoxamine ER, Oxcarbazepine/Oxtellar XR). The company added capacity at its Pithampur liquid formulation facility to 12 million bottles per annum (from 6 million, investment Rs. 92 crore, expected Q1 FY2026) for emerging markets demand, invested Rs. 318 crore in capex including new liquid plant and office, and grew consolidated revenue 10% to Rs. 4,588 crore with PAT up 13% to Rs. 920 crore in FY2025.