Wockhardt Ltd

AI

Wockhardt Ltd

₹ 1,860 -1.81%
18 Aug 4:01 p.m.
About

Wockhardt is a global pharmaceutical and biotechnology organization engaged in manufacturing finished dosage formulations, injectables, biopharmaceuticals, orals and topicals (creams and ointments). [1]

Key Points

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.

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
644 753 701 700 739 809 721 743 738 782 888 965 929
628 681 664 759 648 699 593 679 666 604 711 740 737
Operating Profit 16 72 37 -59 91 110 128 64 72 178 177 225 192
OPM % 2.5% 10% 5% -8% 12% 14% 18% 9% 10% 23% 20% 23% 21%
0 24 8 10 30 9 8 15 -77 21 15 67 31
Interest 79 76 77 73 73 73 60 48 48 55 60 50 52
Depreciation 55 55 55 58 54 55 55 53 56 53 65 53 55
Profit before tax -118 -35 -87 -180 -6 -9 21 -22 -109 91 67 189 116
Tax % 15% 109% -1% -2% 167% 78% 5% 105% -1% 10% 9% 13% 8%
-136 -73 -86 -177 -16 -16 20 -45 -108 82 61 164 107
EPS in Rs -9.30 -5.34 -5.76 -11.02 -0.91 -1.43 0.86 -1.54 -5.54 4.80 3.63 10.22 6.52
Raw PDF

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

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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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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

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
55.14% 54.93% 51.60% 51.99% 51.99% 49.09% 49.09% 49.09% 49.09% 49.09% 49.09% 49.09%
3.03% 4.18% 5.49% 5.94% 6.70% 6.54% 6.82% 7.29% 7.10% 7.00% 7.09% 7.23%
0.21% 0.30% 4.82% 4.45% 5.08% 9.82% 10.58% 11.00% 11.00% 10.55% 10.96% 9.24%
0.00% 0.00% 0.01% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.04% 0.02%
41.62% 40.59% 38.06% 37.62% 36.21% 34.54% 33.50% 32.60% 32.79% 33.36% 32.84% 34.44%
No. of Shareholders 1,72,9891,61,8131,46,1381,40,3911,38,1421,42,7101,41,7991,46,9181,37,9461,42,2741,39,0161,66,518

* 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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