Wockhardt Ltd

Wockhardt Ltd

₹ 1,921 -7.33%
05 Jun - close price
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

Market Position
The company is amongst the top 3 Indian generic companies in the UK and the 6th largest generic supplier in the retail and hospital channels in Ireland. It is the No. 1 Methycobalamin brand in India. [1]

  • Market Cap 31,213 Cr.
  • Current Price 1,921
  • High / Low 2,422 / 1,087
  • Stock P/E 110
  • Book Value 304
  • Dividend Yield 0.00 %
  • ROCE 7.55 %
  • ROE 6.11 %
  • Face Value 5.00

Pros

Cons

  • Stock is trading at 6.32 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: -10.2%
  • Working capital days have increased from -27.3 days to 89.3 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
678 644 753 701 700 739 809 721 743 738 782 888 965
675 628 681 664 759 648 699 593 679 666 604 711 740
Operating Profit 3 16 72 37 -59 91 110 128 64 72 178 177 225
OPM % 0% 2% 10% 5% -8% 12% 14% 18% 9% 10% 23% 20% 23%
-64 0 24 8 10 30 9 8 15 -77 21 15 67
Interest 76 79 76 77 73 73 73 60 48 48 55 60 50
Depreciation 56 55 55 55 58 54 55 55 53 56 53 65 53
Profit before tax -193 -118 -35 -87 -180 -6 -9 21 -22 -109 91 67 189
Tax % 23% 15% 109% -1% -2% 167% 78% 5% 105% -1% 10% 9% 13%
-237 -136 -73 -86 -177 -16 -16 20 -45 -108 82 61 164
EPS in Rs -14.44 -9.30 -5.34 -5.76 -11.02 -0.91 -1.43 0.86 -1.54 -5.54 4.80 3.63 10.22
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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
4,482 4,453 4,015 3,937 3,566 2,844 2,708 3,230 2,651 2,798 3,012 3,373
3,772 3,959 4,002 3,935 3,604 2,725 2,771 2,932 2,550 2,707 2,619 2,721
Operating Profit 709 494 13 2 -38 119 -63 298 101 91 393 652
OPM % 16% 11% 0% 0% -1% 4% -2% 9% 4% 3% 13% 19%
67 66 114 -238 116 133 975 -163 -172 17 62 26
Interest 55 129 225 255 265 276 249 299 302 305 254 213
Depreciation 145 142 149 150 164 224 246 247 251 223 217 227
Profit before tax 575 289 -247 -641 -351 -247 417 -411 -624 -420 -16 238
Tax % 28% 13% -9% 4% -38% -82% -65% -32% -0% 12% 256% 16%
413 252 -226 -667 -217 -43 689 -279 -621 -472 -57 199
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
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: 12%
Compounded Profit Growth
10 Years: 1%
5 Years: -19%
3 Years: 43%
TTM: 704%
Stock Price CAGR
10 Years: 8%
5 Years: 26%
3 Years: 124%
1 Year: 28%
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 2,673 2,198 2,184 2,356 2,021 2,233
1,213 1,622 1,486 1,528 1,764 1,894 1,695 2,168 2,113 1,899 1,726 1,442
Total Liabilities 6,939 8,074 8,982 8,128 7,813 8,148 7,744 8,215 7,651 7,614 8,100 8,615
2,123 2,809 2,773 2,888 3,058 3,502 3,343 3,462 3,042 2,881 2,736 4,499
CWIP 1,007 1,036 1,244 1,433 1,445 1,585 1,379 1,342 1,539 1,722 2,033 671
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 3,022 3,411 3,070 3,011 2,909 3,033
Total Assets 6,939 8,074 8,982 8,128 7,813 8,148 7,744 8,215 7,651 7,614 8,100 8,615

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 -241
-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 95
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% 162% 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 250 249 243 174 183 209 257 222 216 201 234 286
Days Payable 136 144 117 122 187 272 186 265 285 240 191 182
Cash Conversion Cycle 175 196 220 141 126 97 195 60 41 41 123 168
Working Capital Days 14 52 36 -56 -51 -171 -133 -116 -186 -148 -23 89
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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Emerging Markets Sales Contribution
%

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India Sales Contribution
%
Manufacturing Facilities Overall
Count
Number of Programs granted QIDP status by US FDA
Count
Total Employees
Count
Scientists within Drug Discovery Team with PhDs
Count
Total Scientists employed
Count
UK Sales Contribution
%
Patients treated with EMROK/EMROK O (Cumulative)
Patients
Compassionate use lives saved (ZAYNICH)
Lives
Drug Discovery Team
Total Personnel
Market Share of EMROK in target segment
%
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
58.40% 55.14% 54.93% 51.60% 51.99% 51.99% 49.09% 49.09% 49.09% 49.09% 49.09% 49.09%
2.60% 3.03% 4.18% 5.49% 5.94% 6.70% 6.54% 6.82% 7.29% 7.10% 7.00% 7.09%
0.18% 0.21% 0.30% 4.82% 4.45% 5.08% 9.82% 10.58% 11.00% 11.00% 10.55% 10.96%
0.00% 0.00% 0.00% 0.01% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.04%
38.83% 41.62% 40.59% 38.06% 37.62% 36.21% 34.54% 33.50% 32.60% 32.79% 33.36% 32.84%
No. of Shareholders 1,78,9151,72,9891,61,8131,46,1381,40,3911,38,1421,42,7101,41,7991,46,9181,37,9461,42,2741,39,016

* 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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