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Biocon

₹411.2 -5.9 | 1.4%

Market Cap ₹54969 Cr.

Stock P/E 38.5

P/B 2.1

Current Price ₹411.2

Book Value ₹ 200.5

Face Value 5

52W High ₹423.1

Dividend Yield 0.12%

52W Low ₹ 290.8

Biocon Research see more...

Overview Inc. Year: 1978Industry: Pharmaceuticals & Drugs

Biocon Limited is an India-based biopharmaceutical company that focuses to deal with diabetes, cancers and autoimmune diseases. The Company is likewise focused on developing novel treatments for diabetes, oncology and immunology. The Company's corporations section includes Generics, Biosimilars, Novel Biologics and Research Services. The Company's Generic Formulations and API products consist of Rosuvastatin, Mycophenolate Mofetil (MMF), Glatiramer Acetate, Fingolimod, Teriflunomide, Dasatinib, Lenalidomide, Pazopanib, Erdafitinib Orlistat, Mirabegron, Simvastatin, Atorvastatin, Fingolimod, Dapagliflozin, Pemetrexed, Simvastatin, Atorvastatin, Rosuvastatin, Dabigatran, Apixaban, Vildagliptin, Linagliptin, Empagliflozin, Repaglinide, Liraglutide, Sirolimus, Pimecrolimus, Posaconazole, Micafungin, Anidulafungin and Brinzolamide. The Company's portfolio consists of ALZUMAb-L (Itolizumab), RemWin (Remdesivir), ARAFLU (Favipiravir) and CytoSorb.

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Biocon Share Price

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Biocon Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 3423 3462 3954 3917 3433 3590 3821 4417 3942 4296
Other Income 94 158 566 49 1135 33 35 37 80 93
Total Income 3516 3620 4519 3966 4567 3623 3856 4454 4022 4389
Total Expenditure 2708 2721 3027 3001 2813 2905 3070 3339 3193 3460
Operating Profit 808 900 1492 965 1755 718 787 1115 829 928
Interest 233 248 267 227 236 226 223 212 277 272
Depreciation 358 389 415 407 405 420 425 436 455 473
Exceptional Income / Expenses 0 -24 21 -9 32 26 18 20 0 -12
Profit Before Tax 217 239 832 322 1146 98 156 487 97 171
Provision for Tax 35 42 55 96 284 71 75 27 8 39
Profit After Tax 182 197 777 226 862 27 81 459 89 133
Adjustments -81 -71 -117 -90 -202 -43 -56 -115 -58 -48
Profit After Adjustments 101 126 660 136 660 -16 25 345 31 85
Adjusted Earnings Per Share 0.8 1 5.5 1.1 5.5 -0.1 0.2 2.9 0.2 0.6

Biocon Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 3090 3347 3891 4123 5514 6301 7143 8184 11174 14756 15262 16476
Other Income 215 231 285 381 414 508 605 690 768 968 1356 245
Total Income 3305 3579 4177 4504 5929 6808 7748 8874 11942 15723 16618 16721
Total Expenditure 2556 2732 3040 3469 4391 5044 5841 6691 9055 11559 12243 13062
Operating Profit 749 847 1137 1035 1538 1765 1907 2183 2888 4164 4375 3659
Interest 9 29 26 62 71 65 58 68 419 974 897 984
Depreciation 221 249 277 385 448 552 715 814 1113 1569 1687 1789
Exceptional Income / Expenses 105 161 0 0 195 68 13 -111 -291 -12 97 26
Profit Before Tax 624 751 850 610 1215 1215 1068 983 897 1525 1887 911
Provision for Tax 96 142 162 157 212 315 222 212 254 227 457 149
Profit After Tax 528 609 688 453 1003 900 846 772 643 1298 1429 762
Adjustments -31 -59 -76 -81 -97 -152 -106 -123 -180 -275 -416 -277
Profit After Adjustments 497 550 612 372 905 748 741 648 463 1023 1013 486
Adjusted Earnings Per Share 4.1 4.6 5.1 3.1 7.5 6.2 6.2 5.4 3.9 8.5 8.4 3.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% 23% 19% 17%
Operating Profit CAGR 5% 26% 20% 19%
PAT CAGR 10% 23% 10% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 22% 13% -1% 19%
ROE Average 7% 6% 8% 12%
ROCE Average 7% 7% 8% 11%

Biocon Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 3271 4034 4838 5181 6098 6706 7627 8433 17867 19784 21644
Minority's Interest 172 266 376 468 609 677 881 1038 4622 5491 6069
Borrowings 770 2072 2108 1790 1526 1222 2962 3999 15291 12932 12405
Other Non-Current Liabilities 608 349 196 217 597 1463 2535 2804 5452 2187 4088
Total Current Liabilities 1555 1666 1678 2141 3039 4008 4210 3828 8511 15359 14334
Total Liabilities 6375 8387 9197 9796 11868 14076 18215 20101 51742 55753 58540
Fixed Assets 1630 1748 3625 3700 4471 5971 6364 6569 29468 30644 31963
Other Non-Current Assets 2183 2667 1524 1948 2508 2780 4250 5149 9940 9931 10290
Total Current Assets 2563 3971 4048 4149 4889 5325 7600 8382 12334 15179 16286
Total Assets 6375 8387 9197 9796 11868 14076 18215 20101 51742 55753 58540

Biocon Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 557 458 758 710 449 659 825 897 654 1300 920
Cash Flow from Operating Activities 211 371 640 662 1155 1283 1160 1177 1853 2954 4061
Cash Flow from Investing Activities -509 -1142 -499 -684 -714 -1559 -3625 -1699 -14282 -1005 -234
Cash Flow from Financing Activities 186 1068 -178 -240 -242 388 2564 242 13049 -2333 -1854
Net Cash Inflow / Outflow -112 297 -36 -262 199 112 99 -280 619 -383 1973
Closing Cash & Cash Equivalent 463 758 710 449 659 825 897 654 1295 920 2924

Biocon Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.15 4.59 5.1 3.1 7.54 6.24 6.17 5.4 3.85 8.52 8.44
CEPS(Rs) 6.25 7.15 8.04 6.99 12.09 12.1 13.01 13.21 14.63 23.88 25.96
DPS(Rs) 0.83 0.83 0.5 1 0.5 0 0 0.5 1.5 0.5 0.5
Book NAV/Share(Rs) 26.93 33.1 39.74 42.6 50.17 54.97 62.27 68.53 146.53 162.11 176.73
Core EBITDA Margin(%) 17.11 18.22 21.71 15.85 20.38 19.95 18.23 18.18 18.8 21.41 19.68
EBIT Margin(%) 20.27 23.09 22.33 16.26 23.32 20.31 15.76 12.8 11.67 16.74 18.15
Pre Tax Margin(%) 19.99 22.22 21.67 14.77 22.03 19.28 14.95 11.98 7.96 10.22 12.3
PAT Margin (%) 16.92 18.02 17.55 10.97 18.18 14.28 11.85 9.4 5.7 8.69 9.32
Cash Profit Margin (%) 24 25.37 24.61 20.3 26.3 23.05 21.86 19.32 15.57 19.2 20.32
ROA(%) 8.72 8.25 7.83 4.77 9.26 6.94 5.24 4.03 1.79 2.41 2.5
ROE(%) 17.22 16.91 15.74 9.17 18.01 14.26 12.03 9.83 4.98 7 7.03
ROCE(%) 15.3 14.33 12.83 9.21 16.12 14.35 10.56 8.3 5.37 7.03 7.43
Receivable days 80.09 80.16 74.35 86.05 77.96 72.86 70.03 79.49 91.14 119.85 139.43
Inventory Days 48.47 53.71 54.81 60 58.05 71.47 84.38 92.6 105.87 112.31 117.49
Payable days 112.86 146.96 170.25 194.65 212.04 231.48 230.92 209.62 271.55 376.86 450.17
PER(x) 18.88 17.52 37.04 95.74 40.49 43.4 66.25 61.95 53.54 31.01 40.43
Price/Book(x) 2.91 2.43 4.75 6.97 6.09 4.92 6.57 4.88 1.41 1.63 1.93
Dividend Yield(%) 1.06 1.04 0.26 0.17 0.16 0 0 0.15 0.73 0.19 0.15
EV/Net Sales(x) 3.1 3.16 6.15 8.87 6.89 5.41 7.19 5.29 3.59 3.06 3.58
EV/Core EBITDA(x) 12.78 12.49 21.05 35.35 24.71 19.32 26.93 19.85 13.9 10.85 12.48
Net Sales Growth(%) 7.39 8.34 16.24 5.97 33.73 14.26 13.37 14.57 36.54 32.05 3.43
EBIT Growth(%) 17.35 23.32 12.18 -23.32 91.48 -0.47 -12.06 -6.64 25.26 89.92 11.38
PAT Growth(%) 22.66 15.27 12.97 -34.15 121.28 -10.25 -5.96 -8.82 -16.67 101.84 10.14
EPS Growth(%) 20.2 10.66 11.21 -39.16 143.1 -17.35 -1.03 -12.48 -28.64 120.99 -0.9
Debt/Equity(x) 0.35 0.62 0.48 0.44 0.4 0.4 0.58 0.6 1.01 0.81 0.84
Current Ratio(x) 1.65 2.38 2.41 1.94 1.61 1.33 1.81 2.19 1.45 0.99 1.14
Quick Ratio(x) 1.37 2.09 2.14 1.61 1.29 0.97 1.36 1.59 0.95 0.67 0.79
Interest Cover(x) 71.12 26.64 33.68 10.92 18.14 19.72 19.5 15.54 3.14 2.57 3.1
Total Debt/Mcap(x) 0.12 0.26 0.1 0.06 0.07 0.08 0.09 0.12 0.72 0.5 0.43

Biocon Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 60.64 60.64 60.64 60.64 60.64 60.64 60.64 60.64 54.45 54.45
FII 9.52 7.96 6.55 5.63 5.9 5.93 5.66 5.66 6.04 6.61
DII 12.59 14.08 14.51 13.68 14.3 14.44 15.36 15.72 22.82 22.1
Public 17.26 17.32 18.3 20.05 19.17 19 18.34 17.97 16.68 16.83
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 6% over the last 3 years.
  • Debtor days have increased from 376.86 to 450.17days.
  • The company has delivered a poor profit growth of 9% over past five years.

* 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.

Biocon News

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