Zydus Lifesciences Ltd
In 1995, the group was restructured and thus was formed Cadila Healthcare under the aegis of the Zydus group. From a humble turnover Rs. 250 crores in 1995 the group witnessed a significant financial growth and registered a turnover of over Rs. 14,253 crores in FY20.
Adhering to its brand promise of being dedicated to life in all its dimensions, Zydus continues to innovate with an unswerving focus to address the unmet healthcare needs. Simultaneously it rededicates itself to its mission of creating healthier, happier communities across the globe
- Market Cap ₹ 1,15,661 Cr.
- Current Price ₹ 1,160
- High / Low ₹ 1,232 / 836
- Stock P/E 23.8
- Book Value ₹ 269
- Dividend Yield 0.09 %
- ROCE 21.1 %
- ROE 21.2 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 18.8% CAGR over last 5 years
Cons
* 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 BSE 200 BSE Dollex 200 Nifty Next 50
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8,651 | 9,427 | 9,376 | 11,905 | 13,166 | 14,253 | 15,102 | 15,265 | 17,237 | 19,547 | 23,242 | 27,148 | 28,592 | |
| 6,896 | 7,095 | 7,474 | 9,074 | 10,174 | 11,455 | 11,758 | 11,923 | 13,378 | 14,163 | 16,183 | 18,673 | 20,276 | |
| Operating Profit | 1,756 | 2,332 | 1,902 | 2,831 | 2,991 | 2,798 | 3,344 | 3,342 | 3,860 | 5,384 | 7,058 | 8,475 | 8,316 |
| OPM % | 20% | 25% | 20% | 24% | 23% | 20% | 22% | 22% | 22% | 28% | 30% | 31% | 29% |
| 45 | 112 | 127 | 111 | 183 | -264 | -171 | 2,581 | -422 | 293 | 50 | -7 | -74 | |
| Interest | 68 | 53 | 45 | 91 | 194 | 342 | 164 | 127 | 130 | 81 | 166 | 439 | 510 |
| Depreciation | 287 | 292 | 373 | 539 | 599 | 696 | 725 | 713 | 723 | 764 | 916 | 1,408 | 1,725 |
| Profit before tax | 1,446 | 2,099 | 1,612 | 2,312 | 2,382 | 1,495 | 2,285 | 5,084 | 2,585 | 4,832 | 6,027 | 6,621 | 6,007 |
| Tax % | 18% | 8% | 8% | 24% | 22% | 21% | 6% | 10% | 23% | 20% | 23% | 24% | |
| 1,188 | 1,964 | 1,517 | 1,810 | 1,899 | 1,204 | 2,185 | 4,618 | 2,092 | 3,973 | 4,673 | 5,124 | 4,593 | |
| EPS in Rs | 11.24 | 18.89 | 14.53 | 17.35 | 18.06 | 11.49 | 20.84 | 43.83 | 19.37 | 38.36 | 44.97 | 50.09 | 44.94 |
| Dividend Payout % | 21% | 17% | 22% | 20% | 19% | 30% | 17% | 6% | 31% | 8% | 24% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 16% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 19% |
| 3 Years: | 32% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 16% |
| 3 Years: | 24% |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 21% |
| 3 Years: | 21% |
| Last Year: | 21% |
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 | 102 | 102 | 102 | 102 | 102 | 102 | 102 | 102 | 101 | 101 | 101 | 101 |
| Reserves | 4,149 | 5,597 | 6,858 | 8,642 | 10,284 | 10,273 | 12,890 | 16,897 | 17,415 | 19,729 | 23,852 | 27,011 |
| 2,651 | 2,442 | 5,207 | 5,407 | 7,899 | 7,986 | 4,584 | 4,221 | 1,195 | 804 | 3,213 | 12,496 | |
| 2,144 | 2,208 | 2,937 | 3,632 | 4,945 | 5,115 | 6,189 | 6,421 | 6,851 | 8,201 | 9,523 | 11,065 | |
| Total Liabilities | 9,047 | 10,350 | 15,104 | 17,783 | 23,231 | 23,477 | 23,765 | 27,642 | 25,562 | 28,834 | 36,689 | 50,673 |
| 3,352 | 3,748 | 5,755 | 6,483 | 12,164 | 12,230 | 12,133 | 12,253 | 11,521 | 12,368 | 13,134 | 24,106 | |
| CWIP | 798 | 951 | 1,543 | 1,527 | 837 | 742 | 783 | 661 | 1,201 | 2,423 | 2,692 | 3,698 |
| Investments | 154 | 416 | 435 | 746 | 674 | 765 | 830 | 3,288 | 1,547 | 1,220 | 6,412 | 7,540 |
| 4,743 | 5,235 | 7,371 | 9,028 | 9,556 | 9,740 | 10,019 | 11,439 | 11,294 | 12,822 | 14,451 | 15,328 | |
| Total Assets | 9,047 | 10,350 | 15,104 | 17,783 | 23,231 | 23,477 | 23,765 | 27,642 | 25,562 | 28,834 | 36,689 | 50,673 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 994 | 1,894 | 1,312 | 919 | 1,282 | 2,505 | 3,293 | 2,104 | 2,689 | 3,228 | 6,781 | 2,117 | |
| -465 | -860 | -2,872 | -974 | -3,977 | -1,012 | -835 | 1,137 | 1,178 | -1,492 | -8,363 | -7,895 | |
| -351 | -935 | 2,316 | 52 | 1,885 | -1,094 | -2,549 | -868 | -4,400 | -1,810 | 1,995 | 5,807 | |
| Net Cash Flow | 178 | 99 | 756 | -3 | -811 | 399 | -90 | 2,373 | -534 | -75 | 414 | 28 |
| Free Cash Flow | 498 | 936 | -1,623 | -116 | 236 | 1,617 | 2,446 | 1,050 | 1,697 | 2,345 | 5,139 | -530 |
| CFO/OP | 79% | 109% | 81% | 54% | 65% | 100% | 109% | 83% | 85% | 84% | 122% | 44% |
Ratios
Consolidated / 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 | 67 | 68 | 89 | 98 | 110 | 94 | 76 | 80 | 94 | 97 | 64 | 73 |
| Inventory Days | 175 | 158 | 193 | 211 | 208 | 207 | 227 | 245 | 197 | 202 | 227 | 282 |
| Days Payable | 125 | 154 | 165 | 167 | 149 | 151 | 155 | 141 | 123 | 125 | 131 | 142 |
| Cash Conversion Cycle | 118 | 71 | 116 | 142 | 169 | 150 | 148 | 184 | 168 | 175 | 160 | 212 |
| Working Capital Days | 6 | -1 | -34 | 17 | 10 | -19 | -6 | 19 | 70 | 88 | 3 | -40 |
| ROCE % | 23% | 28% | 16% | 18% | 15% | 11% | 14% | 13% | 15% | 22% | 24% | 21% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| US Formulations Sales USD mn |
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| India Formulations Sales INR mn |
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| US Generics Market Rank rank ・Standalone data |
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| Consumer Wellness Sales INR mn |
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| International Markets Formulations Sales (EM + EU) INR mn |
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| India Formulations - Chronic Portfolio Share (MAT) % ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on September 30, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Zydus and MSN launch first generic Adempas (riociguat) in the U.S. on October 5, 2026.
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Announcement under Regulation 30 (LODR)-Updates on Joint Venture
- Zydus and Sunshine extended Zydus Sunshine JV closing; completion now expected by December 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- USFDA cGMP inspection at SEZ II Ahmedabad ended on September 28, 2026 with one observation.
- Closure of Trading Window
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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Aug 2026Transcript PPT REC
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Business Segments:
a) North America Formulations (40% of Q4 FY26 revenue):
Co. ranked 3rd among US generic companies
by generic TRx, a gain of 2 positions over the
last 4 years. During Q4 FY26, 6 new products were launched, 3 ANDAs filed, and 9 ANDAs approved. For full year FY26, 30 ANDAs were filed and 26 approved including 6 tentative approvals. Cumulative filings stand at 508
and cumulative approvals at 435 including
26 tentative.[1]
b) India Formulations Business (24% of Q4 FY26 revenue):[2]
The company has 10 brands with value above Rs 1,000 mn, 24 between Rs 500-1,000 mn, and 35 between INR 250-500 mn. Key product launches in Q4 FY26 include Tishtha - world's first biosimilar of Nivolumab, Anyra - India's first indigenously developed biosimilar of Aflibercept 2 mg, and Semaglutide injection under three brands - Semaglyn, Mashema, and Alterme.
c) Consumer Wellness (20% of Q4 FY26 revenue):[3]
The company operates in 2 different segments viz. personal care segment comprising the Nycil and Everyuth brands and food and nutrition segment through the brands Glucon-D, Sugar Free, Complan, and Nutralite.[4]
Glucon-D holds ~59% market share (Rank 1), Nycil holds ~33% (Rank 1), Sugar Free holds ~96% (Rank 1). In the Everyuth range, Scrub holds ~49% share (Rank 1) and Peel Off holds ~75% (Rank 1), while Facial Cleansing holds ~8% (Rank 5). Complan holds 4% fat spread share (Rank 4). Nutralite is Rank 1 in fat spread by company estimates. RiteBite and Max Protein are Rank 1 in Nutrition & Protein Bar and Protein Cookies & Chips by company estimates.
d) International Markets Formulations (11% of Q4 FY26 revenue):
The company's international markets division comprises of the Emerging Markets (selected territories in Asia Pacific, Middle East, Africa and Latin America) and Europe (France, Spain and the UK). In emerging markets, co. adopted a focused, therapy led approach, tailoring the offerings to meet the needs of specific markets. In Europe, focus remains on broadening the portfolio and enhance the market coverage.