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 ₹ 30,220 Cr.
- Current Price ₹ 1,860
- High / Low ₹ 2,422 / 1,087
- Stock P/E 75.8
- Book Value ₹ 304
- Dividend Yield 0.00 %
- ROCE 7.55 %
- ROE 6.11 %
- Face Value ₹ 5.00
Pros
Cons
- Stock is trading at 6.17 times its book value
- The company has delivered a poor sales growth of 4.49% over past five years.
- Company has a low return on equity of -1.43% over last 3 years.
- Promoter holding has decreased over last 3 years: -9.31%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,482 | 4,453 | 4,015 | 3,937 | 3,566 | 2,844 | 2,708 | 3,230 | 2,651 | 2,798 | 3,012 | 3,373 | 3,564 | |
| 3,772 | 3,959 | 4,002 | 3,935 | 3,604 | 2,725 | 2,771 | 2,932 | 2,549 | 2,707 | 2,619 | 2,721 | 2,792 | |
| Operating Profit | 709 | 494 | 13 | 2 | -38 | 119 | -63 | 298 | 102 | 91 | 393 | 652 | 772 |
| OPM % | 16% | 11% | 0.3% | 0.1% | -1.1% | 4.2% | -2.3% | 9% | 3.9% | 3.2% | 13% | 19% | 22% |
| 67 | 66 | 114 | -238 | 116 | 133 | 975 | -163 | -173 | 17 | 62 | 26 | 134 | |
| Interest | 55 | 129 | 225 | 255 | 265 | 276 | 249 | 299 | 302 | 305 | 254 | 213 | 217 |
| Depreciation | 145 | 142 | 149 | 150 | 164 | 224 | 246 | 247 | 251 | 223 | 217 | 227 | 226 |
| Profit before tax | 575 | 289 | -247 | -641 | -351 | -247 | 417 | -411 | -624 | -420 | -16 | 238 | 463 |
| Tax % | 28% | 13% | -9% | 4% | -38% | -82% | -65% | -32% | -0% | 12% | 256% | 16% | |
| 413 | 252 | -226 | -667 | -217 | -43 | 688 | -279 | -621 | -472 | -57 | 199 | 414 | |
| EPS in Rs | 28.30 | 17.45 | -13.62 | -42.30 | -13.52 | -4.81 | 47.64 | -16.94 | -38.80 | -30.18 | -2.89 | 13.11 | 25.17 |
| Dividend Payout % | 54% | 0% | -56% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 4% |
| 3 Years: | 8% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -19% |
| 3 Years: | 43% |
| TTM: | 983% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 34% |
| 3 Years: | 103% |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -3% |
| 3 Years: | -1% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 3,362 | 3,720 | 3,281 | 2,797 | 2,619 | 2,616 | 3,321 | 3,777 | 3,282 | 3,282 | 4,272 | 4,859 |
| 2,309 | 2,677 | 4,160 | 3,748 | 3,375 | 3,582 | 2,674 | 2,198 | 2,184 | 2,356 | 2,021 | 2,233 | |
| 1,213 | 1,622 | 1,486 | 1,528 | 1,764 | 1,894 | 1,696 | 2,168 | 2,113 | 1,899 | 1,726 | 1,405 | |
| Total Liabilities | 6,939 | 8,074 | 8,982 | 8,128 | 7,813 | 8,148 | 7,746 | 8,215 | 7,651 | 7,614 | 8,100 | 8,578 |
| 2,123 | 2,809 | 2,773 | 2,888 | 3,058 | 3,502 | 3,343 | 3,462 | 3,042 | 2,881 | 2,736 | 2,791 | |
| CWIP | 1,007 | 1,036 | 1,244 | 1,433 | 1,445 | 1,585 | 1,379 | 1,342 | 1,539 | 1,722 | 2,033 | 2,379 |
| Investments | 341 | 0 | 563 | 214 | 0 | 0 | 0 | 0 | 0 | 0 | 422 | 412 |
| 3,468 | 4,228 | 4,403 | 3,593 | 3,309 | 3,060 | 3,024 | 3,411 | 3,070 | 3,011 | 2,909 | 2,996 | |
| Total Assets | 6,939 | 8,074 | 8,982 | 8,128 | 7,813 | 8,148 | 7,746 | 8,215 | 7,651 | 7,614 | 8,100 | 8,578 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 355 | -42 | -269 | 68 | 183 | 649 | -287 | 413 | 153 | 219 | -22 | 390 | |
| -222 | -105 | -684 | 635 | 93 | -147 | 1,471 | -204 | -118 | -138 | -780 | -231 | |
| -76 | 193 | 1,254 | -769 | -776 | -680 | -1,171 | -71 | -315 | 334 | 409 | -54 | |
| Net Cash Flow | 57 | 46 | 301 | -66 | -500 | -178 | 13 | 138 | -280 | 415 | -393 | 105 |
| Free Cash Flow | -76 | -105 | -678 | -238 | 127 | 486 | -452 | 202 | 23 | 69 | -377 | 76 |
| CFO/OP | 73% | -8% | -1,887% | 4,697% | -583% | 560% | 270% | 171% | 161% | 274% | -13% | 63% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 60 | 91 | 94 | 89 | 130 | 159 | 124 | 104 | 110 | 81 | 80 | 64 |
| Inventory Days | 250 | 249 | 243 | 174 | 183 | 209 | 256 | 222 | 216 | 201 | 234 | 286 |
| Days Payable | 136 | 144 | 117 | 122 | 187 | 272 | 223 | 265 | 285 | 240 | 191 | 182 |
| Cash Conversion Cycle | 175 | 196 | 220 | 141 | 126 | 97 | 157 | 60 | 41 | 41 | 123 | 168 |
| Working Capital Days | 14 | 52 | 36 | -56 | -51 | -171 | -133 | -116 | -186 | -163 | -23 | 35 |
| ROCE % | 10% | 7% | -1% | -1% | -1% | -1% | -3% | 1% | -0% | -1% | 4% | 8% |
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 % |
|
|||||||||||
| Emerging Markets revenue contribution % |
||||||||||||
| India business revenue contribution % |
||||||||||||
| Total employees count |
||||||||||||
| NCE pipeline with QIDP status count |
||||||||||||
| R&D Expenditure (consolidated) INR Crore |
||||||||||||
| Number of manufacturing plants count |
||||||||||||
| UK business revenue contribution % |
||||||||||||
| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
||||||||||||
Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Shareholder Meeting / Postal Ballot-Outcome of AGM
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Crisil report for June 30, 2026 shows no deviation in Wockhardt’s QIP proceeds use.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Wockhardt launches Antibiotic Academy on 10 Aug 2026 to promote scientific dialogue on antimicrobial resistance.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Wockhardt reported Q1 FY27 revenue of Rs929 crore and PAT of Rs107 crore.
Annual reports
-
Financial Year 2026
from bse
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
Concalls
-
Jun 2026Transcript PPT
-
Jun 2025Transcript PPT
-
Jun 2025TranscriptAI SummaryPPT
-
Feb 2025TranscriptAI SummaryPPT
-
Oct 2024TranscriptAI SummaryPPT
-
Feb 2024TranscriptAI SummaryPPT
-
Feb 2023Transcript PPT
-
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.