Wockhardt Ltd

Wockhardt Ltd

₹ 1,606 -1.89%
08 May - close price
About

Wockhardt is a global pharmaceutical and biotechnology organization engaged in manufacturing finished dosage formulations, injectables, biopharmaceuticals, orals and topicals (creams and ointments). [1]

Key Points

Market Position
The company is amongst the top 3 Indian generic companies in the UK and the 6th largest generic supplier in the retail and hospital channels in Ireland. It is the No. 1 Methycobalamin brand in India. [1]

  • Market Cap 26,104 Cr.
  • Current Price 1,606
  • High / Low 1,870 / 1,087
  • Stock P/E 89.4
  • Book Value 190
  • Dividend Yield 0.00 %
  • ROCE 9.74 %
  • ROE 9.99 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 8.46 times its book value
  • Company has a low return on equity of -1.83% over last 3 years.
  • Company has high debtors of 178 days.
  • Promoter holding has decreased over last 3 years: -10.2%
  • Working capital days have increased from -17.5 days to 178 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
291 251 260 288 355 352 370 325 355 413 380 430 516
321 256 270 263 401 272 321 263 249 282 267 317 355
Operating Profit -30 -5 -10 25 -46 80 49 62 106 131 113 113 161
OPM % -10% -2% -4% 9% -13% 23% 13% 19% 30% 32% 30% 26% 31%
-156 -8 6 5 24 27 11 6 14 25 30 17 90
Interest 58 58 59 61 59 58 53 48 40 41 44 50 41
Depreciation 45 44 44 43 45 43 43 42 40 46 45 52 43
Profit before tax -289 -115 -107 -74 -126 6 -36 -22 40 69 54 28 167
Tax % 3% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-299 -115 -107 -74 -126 6 -36 -22 40 69 54 28 167
EPS in Rs -20.75 -7.98 -7.43 -5.14 -8.21 0.39 -2.35 -1.35 2.46 4.25 3.32 1.72 10.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,887 2,217 2,298 2,477 1,557 890 987 1,372 1,072 1,154 1,402 1,739
1,879 2,091 2,153 2,154 1,619 1,023 1,125 1,150 1,002 1,190 1,102 1,222
Operating Profit 7 126 145 323 -62 -133 -138 222 70 -36 300 517
OPM % 0% 6% 6% 13% -4% -15% -14% 16% 7% -3% 21% 30%
465 62 248 57 126 138 884 38 -168 27 55 162
Interest 19 108 169 170 171 220 200 273 229 237 199 176
Depreciation 103 99 106 106 120 173 184 171 186 176 168 186
Profit before tax 350 -20 119 104 -227 -389 362 -184 -513 -422 -12 317
Tax % 5% -143% -15% 34% -64% -41% -64% -24% -9% 0% 0% 0%
332 8 137 69 -82 -231 593 -140 -466 -422 -12 317
EPS in Rs 23.19 0.58 9.54 4.77 -5.69 -16.05 41.18 -9.72 -32.34 -27.51 -0.74 19.51
Dividend Payout % 66% 0% 81% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 12%
3 Years: 18%
TTM: 24%
Compounded Profit Growth
10 Years: 43%
5 Years: -17%
3 Years: 48%
TTM: 2533%
Stock Price CAGR
10 Years: 6%
5 Years: 24%
3 Years: 111%
1 Year: 31%
Return on Equity
10 Years: 0%
5 Years: -5%
3 Years: -2%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 55 55 55 55 55 55 55 72 72 77 81 81
Reserves 1,016 1,113 1,164 1,239 1,171 939 1,551 2,140 1,681 1,719 2,682 3,003
1,138 1,984 2,120 1,773 1,885 2,370 2,078 2,024 2,013 2,136 1,796 1,964
1,939 1,431 1,230 1,318 1,426 1,395 1,211 1,562 966 936 849 887
Total Liabilities 4,149 4,584 4,569 4,386 4,538 4,760 4,895 5,798 4,732 4,868 5,408 5,935
1,005 1,402 1,465 1,423 1,614 2,044 1,684 1,828 1,625 1,449 1,276 2,628
CWIP 792 664 665 653 381 305 716 825 823 833 1,260 121
Investments 297 297 297 297 297 297 297 297 297 297 719 709
2,054 2,221 2,142 2,013 2,245 2,113 2,198 2,848 1,987 2,289 2,153 2,477
Total Assets 4,149 4,584 4,569 4,386 4,538 4,760 4,895 5,798 4,732 4,868 5,408 5,935

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-53 -363 -235 119 58 222 -563 -93 71 188 -14 241
203 -1,015 369 451 120 -16 1,014 -244 -3 -75 -900 -193
425 764 -133 -524 -69 -274 -480 430 -236 346 486 -7
Net Cash Flow 575 -614 1 46 109 -69 -29 93 -168 459 -428 41
Free Cash Flow -349 -644 -396 75 34 199 -1,088 -346 63 100 -508 -26
CFO/OP 500% -285% -145% 40% -134% -167% 328% -6% 109% -522% -14% 47%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 41 45 54 118 236 385 353 344 188 179 159 178
Inventory Days 240 216 206 141 195 367 305 297 330 254 357 469
Days Payable 158 134 133 167 325 611 355 446 507 459 398 442
Cash Conversion Cycle 123 126 127 92 105 141 303 194 11 -26 117 204
Working Capital Days -223 -18 -73 -55 -52 -351 -334 -231 -404 -223 -7 178
ROCE % 20% 3% 9% 9% -2% -8% -8% 2% -1% -4% 4% 10%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Emerging Markets Sales Contribution
%

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India Sales Contribution
%
Manufacturing Facilities Overall
Count
Number of Programs granted QIDP status by US FDA
Count
Total Employees
Count
Scientists within Drug Discovery Team with PhDs
Count
Total Scientists employed
Count
UK Sales Contribution
%
Patients treated with EMROK/EMROK O (Cumulative)
Patients
Compassionate use lives saved (ZAYNICH)
Lives
Drug Discovery Team
Total Personnel
Market Share of EMROK in target segment
%
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
58.40% 55.14% 54.93% 51.60% 51.99% 51.99% 49.09% 49.09% 49.09% 49.09% 49.09% 49.09%
2.60% 3.03% 4.18% 5.49% 5.94% 6.70% 6.54% 6.82% 7.29% 7.10% 7.00% 7.09%
0.18% 0.21% 0.30% 4.82% 4.45% 5.08% 9.82% 10.58% 11.00% 11.00% 10.55% 10.96%
0.00% 0.00% 0.00% 0.01% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.04%
38.83% 41.62% 40.59% 38.06% 37.62% 36.21% 34.54% 33.50% 32.60% 32.79% 33.36% 32.84%
No. of Shareholders 1,78,9151,72,9891,61,8131,46,1381,40,3911,38,1421,42,7101,41,7991,46,9181,37,9461,42,2741,39,016

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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