Mankind Pharma Ltd
Incorporated in 1995, Mankind Pharma Limited develops, manufactures, and markets pharmaceutical formulations in various acute and chronic therapeutic areas and several consumer healthcare products.[1]
- Market Cap ₹ 1,02,072 Cr.
- Current Price ₹ 2,469
- High / Low ₹ 2,727 / 1,910
- Stock P/E 57.8
- Book Value ₹ 376
- Dividend Yield 0.04 %
- ROCE 15.0 %
- ROE 13.9 %
- Face Value ₹ 1.00
Pros
Cons
- Promoter holding has decreased over last 3 years: -3.84%
* 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.
Peer comparison
Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals
Part of BSE 500 BSE Healthcare BSE 200 BSE Dollex 200 Nifty 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 3,918 | 3,829 | 4,794 | 5,530 | 7,486 | 8,127 | 8,629 | 9,498 | 9,909 | |
| 3,141 | 3,124 | 3,550 | 4,151 | 5,644 | 6,429 | 6,358 | 6,930 | 7,288 | |
| Operating Profit | 778 | 705 | 1,244 | 1,379 | 1,842 | 1,698 | 2,272 | 2,567 | 2,621 |
| OPM % | 20% | 18% | 26% | 25% | 25% | 21% | 26% | 27% | 26% |
| 209 | 64 | 94 | 148 | 200 | 163 | 369 | 550 | 334 | |
| Interest | 18 | 40 | 11 | 8 | 48 | 28 | 17 | 372 | 595 |
| Depreciation | 28 | 38 | 62 | 78 | 123 | 270 | 335 | 378 | 409 |
| Profit before tax | 941 | 691 | 1,265 | 1,440 | 1,871 | 1,563 | 2,289 | 2,367 | 1,952 |
| Tax % | 26% | 26% | 24% | 25% | 26% | 20% | 18% | 18% | |
| 694 | 514 | 958 | 1,084 | 1,389 | 1,248 | 1,876 | 1,945 | 1,704 | |
| EPS in Rs | 17.33 | 12.83 | 23.92 | 27.07 | 34.68 | 31.16 | 46.84 | 47.15 | 41.28 |
| Dividend Payout % | 0% | 0% | 32% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 8% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 8% |
| TTM: | -9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 17% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 41 | 41 |
| Reserves | 2,957 | 3,025 | 3,611 | 4,694 | 6,500 | 7,744 | 9,663 | 14,599 | 15,469 |
| 360 | 190 | 3 | 101 | 688 | 5 | 24 | 7,254 | 7,248 | |
| 652 | 596 | 877 | 1,045 | 1,710 | 1,583 | 1,790 | 1,934 | 2,104 | |
| Total Liabilities | 4,009 | 3,851 | 4,531 | 5,880 | 8,939 | 9,371 | 11,516 | 23,828 | 24,862 |
| 534 | 778 | 945 | 987 | 2,927 | 3,142 | 3,552 | 3,471 | 3,393 | |
| CWIP | 322 | 211 | 148 | 166 | 387 | 495 | 209 | 207 | 248 |
| Investments | 1,402 | 1,698 | 1,784 | 2,397 | 2,526 | 3,102 | 4,215 | 16,683 | 17,611 |
| 1,751 | 1,164 | 1,655 | 2,330 | 3,100 | 2,632 | 3,540 | 3,467 | 3,610 | |
| Total Assets | 4,009 | 3,851 | 4,531 | 5,880 | 8,939 | 9,371 | 11,516 | 23,828 | 24,862 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 540 | 537 | 960 | 1,022 | 821 | 1,799 | 1,736 | 2,322 | |
| -516 | -306 | -396 | -1,127 | -1,360 | -1,041 | -1,665 | -12,179 | |
| 8 | -240 | -559 | 89 | 579 | -710 | -5 | 9,845 | |
| Net Cash Flow | 31 | -9 | 5 | -16 | 40 | 48 | 66 | -11 |
| Free Cash Flow | 309 | 371 | 795 | 830 | -1,360 | 1,219 | 1,456 | 1,969 |
| CFO/OP | 102% | 111% | 99% | 103% | 70% | 123% | 95% | 109% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 23 | 13 | 32 | 24 | 23 | 22 | 33 | 34 |
| Inventory Days | 120 | 126 | 124 | 169 | 183 | 132 | 160 | 153 |
| Days Payable | 115 | 101 | 113 | 122 | 133 | 103 | 75 | 79 |
| Cash Conversion Cycle | 27 | 38 | 43 | 72 | 73 | 52 | 118 | 108 |
| Working Capital Days | 95 | 44 | 41 | 42 | 26 | 40 | 55 | -48 |
| ROCE % | 22% | 36% | 33% | 30% | 21% | 24% | 15% |
Insights
In beta| Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Market Share by Value in IPM % |
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| Chronic Share in Total Portfolio (Ex-BSV) % |
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| Doctor Coverage Number (Lakh) |
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| Mankind PCPM (Per Candidate Per Month) INR Lakhs |
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| Prescription Share % |
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| Number of Stockists Number |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Mankind Pharma will host Q4FY26 and FY26 investor call on May 20, 2026 at 12:00 PM IST.
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Board Meeting Intimation for Inter Alia, Consider And Approve The Standalone And Consolidated Audited Financial Results Of The Company For The Quarter And Financial Year Ended On March 31, 2026 And Realignment Of Security Cover Provided In Respect Of Existing Ncds.
7 May - Board meets May 19, 2026 to approve FY26 audited results and realign security cover after ₹1,250 crore NCD redemption.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
6 May - Annual Secretarial Compliance Report for FY2026 shows no non-compliance.
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Announcement under Regulation 30 (LODR)-Credit Rating
22 Apr - CARE assigned AA+/A1+ ratings to Mankind Pharma's ₹1,000 crore bank facilities.
- Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 16 Apr
Annual reports
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Sep 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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Jul 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT
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Jan 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
Leadership[1]
- #1 Rank in Prescriptions over the last 8 yrs.
- #2 Rank by volume & #4 Rank by value in IPM
- 4 Consumer healthcare brands ranked #1 in their categories.