Ajanta Pharma Limited

Ajanta Pharma Limited

3,283.90
INR
+13.30
(+0.41%)
90.40EPS
37.84P/E
427.62BMarket Cap
Oct 30Next Earn
Ajanta Pharma Limited
NSE:AJANTPHARM
(National Stock Exchange of India)

Recent

price

3,283.90

P/E

ratio

37.84

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
38.33
50.76
69.97
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
Revenue per Share
3.85
5.87
8.51
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
Basic EPS, GAAP
4.55
1.6
17.78
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
- -
Free Cash Flow per Basic Share
0.31
0.44
0.66
1.11
2.66
9.3
8.65
0.02
5.99
8.67
6.35
6.34
7
51
27.92
27.99
- -
Dividend per Share
17.37
22.63
29.87
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
- -
Book Value per Share
17.37
21.54
29.09
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
- -
Tangible Book Value per Share
132
132
132
132
132
132
132
132
132
131
131
130
128
126
125
125
125
Basic Weighted Avg Shares
5,049
6,687
9,219
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
Sales/Revenue/Turnover
14.73
16.46
20.64
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
Operating Margin (%)
247
319
342
439
516
444
612
596
721
957
1,161
1,253
1,308
1,354
1,441
1,731
1,747
Depreciation Expense
507
773
1,121
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
Net Income, GAAP
10.35
15.05
36.59
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
Effective Tax Rate (%)
10.04
11.55
12.16
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
Profit Margin (%)
1,907
895
1,467
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
- -
Working Capital
1,906
761
733
523
333
149
10
10
7
127
198
186
262
235
347
394
- -
LT Debt
2,288
2,980
3,934
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
- -
Total Equity
16.02
20.41
23.76
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 Invested Capital (%)
16.02
19.07
23.74
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 Capital (%)
24.51
29.33
32.43
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
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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.