Piramal Pharma Ltd

Piramal Pharma Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Piramal Pharma Ltd

₹ 204 0.61%
04 Jul - close price
piramal.com BSE: 543635 NSE: PPLPHARMA
About

Piramal Pharma Limited (PPL) is part of the Piramal group of companies. The company operates through 3 major segments
(1) Contract development and manufacturing organisations (CDMO), (2) Complex hospital generics (critical care), and (3) consumer healthcare (OTC).
Company entered Pharma space back in 1988 with acquisition of Nicholas Laboratories and grew through a series of Mergers & Acquisitions[1] and various organic initiatives. In 2010 the Domestic formulations business was sold to Abott for $3.7 billion[2] and Diagnostic Services was sold to Super Religare Laboratories (SRL)[3]

Key Points

Business units [1]
(1) Contract Development and Manufacturing Operations (CDMO)
The company operates out of 15 CDMO sites with major presence in North America (4), Europe(2) and India (9). It is amongst the Top 3 CDMO players in India and the 13th largest globally.
The company has ~500 CDMO customers as of FY24. [2]
The company is targeting more integrated projects, 40% of their new orders in FY24 were for integrated projects.
Revenue by Services[3]
Other Commercial Manufacturing - 50%
On-patent Commercial Manufacturing - 20%
Development - 26%
Discovery - 4%
84% of the revenues is earned from regulated markets like US, Europe and Japan. [4]

Website BSE NSE
  • Market Cap ₹ 27,075 Cr.
  • Current Price ₹ 204
  • High / Low ₹ 308 / 145
  • Stock P/E 297
  • Book Value ₹ 61.3
  • Dividend Yield 0.07 %
  • ROCE 6.53 %
  • ROE 1.14 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 34.0%

Cons

  • Stock is trading at 3.32 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.36% over last 3 years.

* 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 Nifty 500 BSE SmallCap Nifty Smallcap 100

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2,131 1,482 1,720 1,716 2,164 1,749 1,911 1,959 2,552 1,951 2,242 2,204 2,754
1,733 1,465 1,547 1,629 1,812 1,617 1,646 1,690 2,022 1,747 1,900 1,866 2,193
Operating Profit 398 17 173 87 351 132 266 268 530 204 342 338 561
OPM % 19% 1% 10% 5% 16% 8% 14% 14% 21% 10% 15% 15% 20%
97 92 50 98 32 53 68 43 8 42 78 29 58
Interest 57 62 83 95 104 119 110 106 114 107 108 103 104
Depreciation 165 162 166 164 184 174 185 186 196 185 192 197 243
Profit before tax 273 -115 -26 -74 95 -107 40 19 227 -45 120 67 273
Tax % 25% -5% 42% 22% 47% -8% 87% 48% 55% 97% 81% 94% 44%
204 -109 -37 -90 50 -99 5 10 101 -89 23 4 154
EPS in Rs -0.28 -0.68 0.38 -0.75 0.04 0.08 0.77 -0.67 0.17 0.03 1.16
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
6,315 6,559 7,082 8,171 9,151
4,887 5,609 6,453 6,974 7,706
Operating Profit 1,428 950 629 1,197 1,445
OPM % 23% 14% 9% 15% 16%
230 319 272 172 208
Interest 163 198 344 448 422
Depreciation 545 586 677 741 816
Profit before tax 949 485 -120 179 415
Tax % 12% 22% 55% 90% 78%
835 376 -186 18 91
EPS in Rs -1.41 0.13 0.69
Dividend Payout % 0% 18% 0% 82% 20%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 12%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -38%
TTM: 476%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 29%
Return on Equity
10 Years: %
5 Years: %
3 Years: 0%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 995 1,186 1,193 1,323 1,324
Reserves 4,610 5,511 5,580 6,588 6,801
3,025 4,128 5,637 4,710 4,856
2,047 1,781 1,893 2,461 2,696
Total Liabilities 10,677 12,605 14,303 15,083 15,678
6,105 6,879 7,469 7,990 8,621
CWIP 627 1,172 1,419 1,116 489
Investments 123 267 639 385 291
3,822 4,286 4,777 5,592 6,277
Total Assets 10,677 12,605 14,303 15,083 15,678

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
598 766 484 1,005 892
-4,464 -1,737 -1,334 -416 -477
3,977 794 818 -422 -441
Net Cash Flow 110 -177 -32 166 -26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 91 99 93 95 94
Inventory Days 218 207 227 269 261
Days Payable 163 153 161 190 173
Cash Conversion Cycle 147 153 159 174 182
Working Capital Days 78 115 124 115 123
ROCE % 7% 2% 5% 7%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
34.78% 34.78% 34.78% 35.02% 35.02% 35.02% 34.94% 34.94% 34.94% 34.94%
41.29% 39.28% 35.01% 32.37% 32.51% 30.58% 31.41% 31.73% 31.68% 31.49%
5.26% 4.98% 5.48% 8.01% 9.68% 12.12% 12.95% 13.80% 14.09% 14.78%
18.27% 20.57% 24.32% 24.21% 22.41% 21.89% 20.20% 19.06% 18.85% 18.42%
0.39% 0.39% 0.39% 0.38% 0.38% 0.37% 0.47% 0.45% 0.40% 0.34%
No. of Shareholders 2,29,9602,41,3592,77,2703,00,6062,92,3122,97,9963,06,3983,59,7514,18,4424,32,843

* 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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