Emcure Pharmaceuticals Ltd

Emcure Pharmaceuticals Ltd

₹ 1,714 -2.16%
22 May - close price
About

Incorporated in 1981, Emcure Pharmaceuticals
Ltd manufactures and markets pharmaceutical products globally[1]

Key Points

Business Overview:[1][2]
EPL develops, manufactures and markets a broad range of pharmaceutical and biopharmaceutical products across a wide range of dosage forms, including oral solids, oral liquids, injectables, including liposomal and lyophilized injectables, biotherapeutics and complex APIs, including chiral molecules, iron molecules and cytotoxic products. It has a presence in all major therapeutic areas including Gynaecology, cardiology, blood-related, oncology, respiratory, CNS & HIV etc. Company has 350+ brands, with a wide network across 70+ countries.

  • Market Cap 32,488 Cr.
  • Current Price 1,714
  • High / Low 1,830 / 1,229
  • Stock P/E 43.2
  • Book Value 196
  • Dividend Yield 0.18 %
  • ROCE 23.7 %
  • ROE 22.3 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 8.76 times its book value

* 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

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
888 870 903 970 1,105 1,029 1,278 1,097 1,261 1,418 1,468
788 746 796 855 947 904 1,034 869 1,036 1,118 1,096
Operating Profit 100 124 106 115 158 124 245 228 225 300 372
OPM % 11% 14% 12% 12% 14% 12% 19% 21% 18% 21% 25%
30 33 25 33 49 19 22 18 23 109 35
Interest 46 42 39 38 31 20 24 21 28 33 37
Depreciation 48 54 56 55 56 57 57 60 62 62 63
Profit before tax 36 61 35 55 119 67 186 166 158 314 306
Tax % 24% 20% 18% 27% 27% 25% 25% 26% 26% 18% 24%
27 48 29 40 87 50 140 123 118 259 234
EPS in Rs 1.51 2.67 1.60 2.23 4.60 2.65 7.37 6.48 6.20 13.65 12.33
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,454 2,376 3,154 3,387 3,107 3,498 4,382 5,243
1,883 1,948 2,410 2,593 2,668 3,056 3,759 4,118
Operating Profit 570 428 743 795 439 442 623 1,125
OPM % 23% 18% 24% 23% 14% 13% 14% 21%
56 89 94 133 119 129 142 184
Interest 127 137 123 145 167 166 113 118
Depreciation 130 155 156 166 179 205 225 247
Profit before tax 370 225 557 616 212 200 428 944
Tax % 23% 22% 25% 28% 25% 20% 26% 22%
284 175 420 447 160 161 317 733
EPS in Rs 15.68 9.69 23.25 24.71 8.85 8.88 16.74 38.66
Dividend Payout % 16% 26% 4% 12% 23% 23% 18% 0%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 19%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 66%
TTM: 161%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 33%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 16%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 181 181 181 181 181 181 189 190
Reserves 1,597 1,734 2,121 1,532 1,661 1,754 2,835 3,521
1,224 1,243 1,665 1,579 1,773 1,595 857 1,597
576 713 897 1,032 1,001 1,226 1,534 1,607
Total Liabilities 3,578 3,871 4,863 4,323 4,616 4,757 5,416 6,914
1,100 1,166 1,278 1,151 1,433 1,718 1,759 1,766
CWIP 406 326 192 239 253 106 99 110
Investments 311 408 864 563 690 684 678 1,424
1,761 1,971 2,529 2,369 2,240 2,248 2,880 3,614
Total Assets 3,578 3,871 4,863 4,323 4,616 4,757 5,416 6,914

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
371 385 775 428 505 585 558 424
-276 -169 -836 -394 -271 -173 -438 -948
-53 -46 31 -343 -55 -288 -49 526
Net Cash Flow 42 170 -30 -309 180 124 71 1
Free Cash Flow 85 287 677 243 225 342 378 178
CFO/OP 87% 97% 120% 75% 134% 148% 100% 57%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 135 175 116 109 124 115 99 107
Inventory Days 243 200 182 202 214 206 189 197
Days Payable 159 197 168 166 203 220 204 186
Cash Conversion Cycle 220 177 130 144 135 101 84 118
Working Capital Days 50 60 19 17 0 -4 61 53
ROCE % 13% 20% 21% 11% 10% 14% 24%

Insights

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Mar 2016 Mar 2019 Mar 2020 Mar 2023 Mar 2024 Mar 2025
Number of Manufacturing Facilities
Number

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Number of Field Force Representatives
Number
R&D Spend as % of Revenue
%
Number of Granted Patents
Number
Number of Large Brand Families (>50Cr Revenue in India)
Number
Product Launches - Global
Number
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
78.08% 77.94% 77.92% 77.92% 77.88% 77.87% 77.87%
2.91% 3.05% 3.06% 2.86% 3.29% 3.59% 3.35%
3.96% 3.87% 3.44% 2.84% 4.36% 6.10% 6.10%
15.05% 15.15% 15.58% 16.39% 14.46% 12.43% 12.69%
No. of Shareholders 1,52,9141,43,4491,39,6711,33,5491,26,1691,18,8631,22,189

* 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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Documents

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