Wockhardt Ltd
Wockhardt is a global pharmaceutical and biotechnology organization engaged in manufacturing finished dosage formulations, injectables, biopharmaceuticals, orals and topicals (creams and ointments). [1]
- Market Cap ₹ 30,627 Cr.
- Current Price ₹ 1,882
- High / Low ₹ 2,422 / 1,087
- Stock P/E 92.5
- 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 9.92 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: -9.31%
- Working capital days have increased from -52.7 days to 72.4 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,887 | 2,217 | 2,298 | 2,477 | 1,557 | 890 | 987 | 1,372 | 1,072 | 1,154 | 1,402 | 1,739 | 1,887 | |
| 1,879 | 2,091 | 2,153 | 2,154 | 1,619 | 1,023 | 1,125 | 1,150 | 1,002 | 1,190 | 1,102 | 1,222 | 1,342 | |
| Operating Profit | 7 | 126 | 145 | 323 | -62 | -133 | -138 | 222 | 70 | -36 | 300 | 517 | 545 |
| OPM % | 0.4% | 6% | 6% | 13% | -4.0% | -15% | -14% | 16% | 7% | -3.1% | 21% | 30% | 29% |
| 465 | 62 | 248 | 57 | 126 | 138 | 884 | 38 | -168 | 27 | 55 | 162 | 170 | |
| Interest | 19 | 108 | 169 | 170 | 171 | 220 | 200 | 273 | 229 | 237 | 199 | 176 | 178 |
| Depreciation | 103 | 99 | 106 | 106 | 120 | 173 | 184 | 171 | 186 | 176 | 168 | 186 | 181 |
| Profit before tax | 350 | -20 | 119 | 104 | -227 | -389 | 362 | -184 | -513 | -422 | -12 | 317 | 356 |
| 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 | 356 | |
| 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 | 21.90 |
| 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: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 43% |
| 5 Years: | -17% |
| 3 Years: | 48% |
| TTM: | 549% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 39% |
| 3 Years: | 102% |
| 1 Year: | 28% |
| 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 | 1,352 | |
| CWIP | 792 | 664 | 665 | 653 | 381 | 305 | 716 | 825 | 823 | 833 | 1,260 | 1,397 |
| 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 | 72 |
| 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 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D as % of sales % |
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Extracted by Screener AI
Documents
Announcements
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Disclosure under Regulation 30A of LODR
- Received 21 Aug 2026 customs order imposing ₹5 crore penalty and ₹10 crore redemption fine on Wockhardt for API misclassification.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI (LODR) Regulations, 2015, we enclose herewith a copy of newspaper …
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Shareholder Meeting / Postal Ballot-Outcome of AGM
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Crisil report for June 30, 2026 shows no deviation in Wockhardt’s QIP proceeds use.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Jun 2026Transcript PPT
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Jun 2025Transcript PPT
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Jun 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Feb 2023Transcript PPT
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Mar 2022TranscriptAI SummaryPPT
Business Divisions:
a) New Drug Discovery: [1] [2]
The company’s New Drug Discovery
programme focuses on developing
novel antibiotics to address the
growing threat of antimicrobial
resistance (AMR) and unmet
needs in treating MDR and
XDR infections. It follows a
“discovery-to-delivery”
approach, advancing
first-in-class and
differentiated
antibiotics
from research
and clinical
development
to commercialisation
across India and inter
national markets. During
FY26, 5 novel antibiotics,
including Emrok, Emrok
O, Miqnaf, Zaynich, and
Foviscu, completed Phase
3 development, while Odrate
progressed to Phase 2. The
portfolio covers infections
including MRSA, ESBL-producing
and carbapenem-resistant pathogens, pneumonia and complicated urinary
tract infections.
b) Branded Pharmaceuticals:[3]
The company is engaged in the
development, manufacturing, and
marketing of finished formulations, biopharmaceuticals, branded generics,
OTC, and prescription products across
various therapeutic segments. Its key biopharmaceutical products include
Glaritus, Wosulin, Wepox, and recombinant human insulin. It ranks among the Top 3
in around 20 products in the US, among
theTop 5 generic companies in the UK,
and as the largest ** generic company in
Ireland’s hospital segment.
c) Contract Manufacturing: [4]
The company offers contract manufacturing services from product development to high-volume commercial manufacturing. Its full
turnkey service is supported by experienced teams across development, technology transfer, manufacturing, quality assurance, regulatory affairs, logistics, engineering, and purchasing.
d) Biosimilar: [5][6]
The company focuses on developing
and manufacturing biosimilar and bio
better products, with diabetes as a
key focus area. Its portfolio includes
rapid, fast, and long-acting insulin
formulations, available in vials and
cartridges, along with patented
insulin pens. It has applied for
118 biotech product patents
globally and holds 57 patents
in the biosimilar and bio-better
development phase, out of which
23 patents are for the company’s
insulin pen globally. In FY26, the
company has obtained patents
in 10 European countries
for its new combination drug
product.
e) Vaccines:[7][8]
The company manufactures vaccines across its UK and India facilities. Its Wrexham facility has manufactured the AstraZeneca-Oxford COVID-19 vaccine, and the company has partnered with the Serum Institute of India for vaccine manufacturing in the UK. Its Indian facilities are approved for vaccine manufacturing and exports of up to 1 Bn doses.
f) API:[9]
The company manufactures complex APIs and formulations and has developed 140+ US ANDAs and 60+ EU CTD dossiers, covering multiple dosage forms and niche products. It is also among the largest** manufacturers of Dextromethorphan HBr API globally and explores licensing opportunities across the US and Europe.