WEBSITE BSE:544210 NSE: EMCURE Inc. Year: 1981 Industry: Pharmaceuticals & Drugs My Bucket: Add Stock
Last updated: 15:56
Emcure Pharmaceuticals Limited was built with the purpose and core belief of making Effective Medicines to Cure patients, enabling them to lead healthier lives. As one of the leading Indian pharmaceutical companies, Emcure engages in developing, manufacturing, and globally marketing a broad range of pharmaceutical products across several major therapeutic areas. Services span across vertical like gynecology, cardiology, anti-infectives, vitamins, minerals, nutrients, diabetes, anti-retrovirals, and biologics. With a research and development-dri...Read More
Emcure Pharmaceuticals Limited was built with the purpose and core belief of making Effective Medicines to Cure patients, enabling them to lead healthier lives. As one of the leading Indian pharmaceutical companies, Emcure engages in developing, manufacturing, and globally marketing a broad range of pharmaceutical products across several major therapeutic areas. Services span across vertical like gynecology, cardiology, anti-infectives, vitamins, minerals, nutrients, diabetes, anti-retrovirals, and biologics. With a research and development-driven approach, Emcure boasts a differentiated product portfolio that includes orals, injectables, and biotherapeutics. Their achievements include being ranked the 13th largest pharma player in India and actively supporting the fight against COVID-19. ...Read Less
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Market Cap ₹31701 Cr.
Stock P/E 44.8
P/B 6.4
Current Price ₹1672.1
Book Value ₹ 262.4
Face Value 10
52W High ₹1688
Dividend Yield 0.18%
52W Low ₹ 950
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1663 | 1668 | 1771 | 1815 | 2002 | 1963 | 2116 | 2101 | 2270 | 2363 |
| Other Income | 1 | 16 | 12 | 23 | 36 | 4 | 4 | 4 | 39 | 2 |
| Total Income | 1664 | 1683 | 1784 | 1838 | 2038 | 1967 | 2121 | 2104 | 2309 | 2365 |
| Total Expenditure | 1334 | 1361 | 1461 | 1478 | 1621 | 1608 | 1714 | 1684 | 1831 | 1871 |
| Operating Profit | 330 | 323 | 323 | 360 | 417 | 359 | 407 | 420 | 479 | 495 |
| Interest | 59 | 61 | 65 | 59 | 46 | 32 | 39 | 27 | 33 | 38 |
| Depreciation | 70 | 84 | 91 | 94 | 97 | 97 | 97 | 99 | 105 | 105 |
| Exceptional Income / Expenses | -3 | -7 | -0 | 0 | 0 | 0 | -10 | -4 | 0 | -38 |
| Profit Before Tax | 198 | 171 | 167 | 207 | 273 | 230 | 261 | 291 | 341 | 314 |
| Provision for Tax | 52 | 51 | 46 | 55 | 72 | 74 | 63 | 76 | 90 | 82 |
| Profit After Tax | 146 | 120 | 121 | 153 | 202 | 156 | 197 | 215 | 251 | 231 |
| Adjustments | -7 | -6 | -6 | -9 | -7 | -2 | -8 | -8 | -8 | -1 |
| Profit After Adjustments | 139 | 113 | 115 | 144 | 195 | 154 | 189 | 207 | 243 | 231 |
| Adjusted Earnings Per Share | 7.7 | 6.3 | 6.4 | 8 | 10.3 | 8.1 | 10 | 10.9 | 12.8 | 12.2 |
| #(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 | 3777 | 4365 | 4188 | 4228 | 4717 | 5049 | 6056 | 5855 | 5986 | 6658 | 7896 | 8850 |
| Other Income | 35 | 28 | 21 | 46 | 95 | 82 | 35 | 63 | 46 | 57 | 73 | 49 |
| Total Income | 3812 | 4393 | 4209 | 4274 | 4812 | 5131 | 6092 | 5919 | 6032 | 6715 | 7969 | 8899 |
| Total Expenditure | 2908 | 3229 | 3336 | 3461 | 3968 | 4345 | 4824 | 4525 | 4805 | 5429 | 6427 | 7100 |
| Operating Profit | 903 | 1164 | 873 | 813 | 844 | 786 | 1267 | 1393 | 1227 | 1287 | 1542 | 1801 |
| Interest | 102 | 119 | 174 | 176 | 223 | 257 | 198 | 176 | 214 | 237 | 176 | 137 |
| Depreciation | 188 | 168 | 217 | 228 | 267 | 321 | 323 | 245 | 260 | 312 | 384 | 406 |
| Exceptional Income / Expenses | -244 | -107 | -186 | -119 | -23 | -103 | -89 | 0 | -6 | -10 | -10 | -52 |
| Profit Before Tax | 370 | 770 | 296 | 290 | 331 | 105 | 657 | 973 | 747 | 727 | 971 | 1207 |
| Provision for Tax | 109 | 201 | 44 | 116 | 121 | 5 | 239 | 270 | 185 | 200 | 264 | 311 |
| Profit After Tax | 261 | 569 | 251 | 174 | 209 | 101 | 419 | 703 | 562 | 528 | 707 | 894 |
| Adjustments | -5 | -11 | -11 | 1 | -14 | -17 | -26 | -40 | -30 | -29 | -26 | -25 |
| Profit After Adjustments | 256 | 558 | 240 | 175 | 195 | 84 | 392 | 662 | 532 | 498 | 681 | 870 |
| Adjusted Earnings Per Share | 14.2 | 30.9 | 13.3 | 9.7 | 10.8 | 4.6 | 21.7 | 36.6 | 29.4 | 27.5 | 36 | 45.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 19% | 10% | 9% | 8% |
| Operating Profit CAGR | 20% | 3% | 14% | 5% |
| PAT CAGR | 34% | 0% | 48% | 10% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 53% | NA% | NA% | NA% |
| ROE Average | 19% | 21% | 23% | 23% |
| ROCE Average | 22% | 21% | 22% | 21% |
| #(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 | 967 | 1393 | 1582 | 1701 | 1835 | 1912 | 2273 | 1988 | 2501 | 2952 | 4446 |
| Minority's Interest | 47 | 61 | 67 | 54 | 65 | 72 | 95 | 127 | 149 | 169 | 195 |
| Borrowings | 394 | 928 | 969 | 806 | 688 | 553 | 704 | 717 | 744 | 767 | 190 |
| Other Non-Current Liabilities | 140 | 129 | 157 | 192 | 309 | 346 | 179 | 151 | 160 | 611 | 622 |
| Total Current Liabilities | 1408 | 1731 | 1817 | 2336 | 2543 | 2920 | 3408 | 2965 | 3019 | 3210 | 2668 |
| Total Liabilities | 2957 | 4241 | 4592 | 5089 | 5440 | 5803 | 6659 | 5947 | 6573 | 7709 | 8122 |
| Fixed Assets | 1129 | 1853 | 1941 | 2049 | 2247 | 2382 | 2412 | 2044 | 2147 | 3125 | 3197 |
| Other Non-Current Assets | 272 | 278 | 646 | 704 | 741 | 718 | 529 | 479 | 591 | 325 | 369 |
| Total Current Assets | 1555 | 2110 | 2005 | 2335 | 2453 | 2703 | 3717 | 3424 | 3836 | 4254 | 4556 |
| Total Assets | 2957 | 4241 | 4592 | 5089 | 5440 | 5803 | 6659 | 5947 | 6573 | 7709 | 8122 |
| #(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 | 344 | -129 | -66 | 71 | 59 | -641 | -609 | -350 | -308 | -175 | 44 |
| Cash Flow from Operating Activities | 523 | 436 | 460 | 482 | 444 | 500 | 704 | 768 | 747 | 1097 | 852 |
| Cash Flow from Investing Activities | -431 | -689 | -616 | -426 | -409 | -164 | -252 | -789 | -468 | -713 | -94 |
| Cash Flow from Financing Activities | -250 | 303 | 293 | -69 | -735 | -301 | -189 | -152 | -145 | -164 | -814 |
| Net Cash Inflow / Outflow | -158 | 51 | 137 | -13 | -699 | 36 | 264 | -172 | 134 | 221 | -56 |
| Closing Cash & Cash Equivalent | 204 | -66 | 71 | 59 | -641 | -609 | -350 | -308 | -175 | 44 | -14 |
| # | 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) | 14.17 | 30.87 | 13.26 | 9.68 | 10.79 | 4.62 | 21.68 | 36.62 | 29.42 | 27.5 | 35.96 |
| CEPS(Rs) | 24.82 | 40.76 | 25.9 | 22.24 | 26.34 | 23.3 | 41.02 | 52.39 | 45.45 | 46.37 | 57.61 |
| DPS(Rs) | 3.75 | 10 | 3 | 3.5 | 3.5 | 2.5 | 1 | 3 | 2 | 3 | 3 |
| Book NAV/Share(Rs) | 53 | 76.02 | 86.22 | 93.15 | 100.63 | 104.23 | 125.04 | 109.02 | 137.48 | 162.17 | 234.02 |
| Core EBITDA Margin(%) | 22.73 | 25.72 | 20.04 | 18.1 | 15.33 | 13.49 | 19.71 | 22.24 | 19.37 | 18.12 | 18.31 |
| EBIT Margin(%) | 12.35 | 20.14 | 11.05 | 11 | 11.33 | 6.94 | 13.69 | 19.21 | 15.76 | 14.21 | 14.3 |
| Pre Tax Margin(%) | 9.69 | 17.43 | 6.95 | 6.86 | 6.77 | 2.02 | 10.52 | 16.27 | 12.25 | 10.72 | 12.11 |
| PAT Margin (%) | 6.83 | 12.88 | 5.91 | 4.11 | 4.28 | 1.93 | 6.7 | 11.75 | 9.21 | 7.77 | 8.82 |
| Cash Profit Margin (%) | 11.75 | 16.69 | 11.02 | 9.49 | 9.75 | 8.08 | 11.87 | 15.84 | 13.48 | 12.38 | 13.61 |
| ROA(%) | 12 | 15.81 | 5.69 | 3.6 | 3.97 | 1.79 | 6.72 | 11.15 | 8.97 | 7.39 | 8.94 |
| ROE(%) | 37.42 | 48.78 | 17.13 | 10.74 | 11.94 | 5.43 | 20.19 | 33.19 | 25.21 | 19.45 | 19.19 |
| ROCE(%) | 32.4 | 36.29 | 14.82 | 13.17 | 14.46 | 9 | 19.75 | 26.56 | 21.97 | 19.87 | 22.49 |
| Receivable days | 40.91 | 56.18 | 59.85 | 65.16 | 68.83 | 74.07 | 76.52 | 84.97 | 88.49 | 94.32 | 87.83 |
| Inventory Days | 39.7 | 63.55 | 81.91 | 82.86 | 76.82 | 80.5 | 78.47 | 90.46 | 84.77 | 78.21 | 78.64 |
| Payable days | 96.42 | 135.58 | 141.72 | 151.6 | 144.81 | 137.31 | 132.95 | 188.82 | 194.85 | 193.72 | 174.97 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.84 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.58 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.28 |
| EV/Net Sales(x) | 0.22 | 0.33 | 0.41 | 0.45 | 0.47 | 0.43 | 0.32 | 0.33 | 0.32 | 0.3 | 2.65 |
| EV/Core EBITDA(x) | 0.91 | 1.23 | 1.99 | 2.34 | 2.61 | 2.78 | 1.55 | 1.4 | 1.55 | 1.57 | 13.55 |
| Net Sales Growth(%) | 179.81 | 15.57 | -4.04 | 0.94 | 11.58 | 7.02 | 19.96 | -3.32 | 2.23 | 11.23 | 18.59 |
| EBIT Growth(%) | 175.24 | 88.47 | -47.19 | -0.75 | 18.68 | -34.58 | 136.36 | 34.26 | -16.34 | 0.37 | 18.95 |
| PAT Growth(%) | 201.82 | 117.98 | -55.85 | -30.67 | 20.09 | -51.91 | 316.06 | 67.84 | -20.03 | -6.1 | 34.1 |
| EPS Growth(%) | 142.24 | 117.81 | -57.04 | -27 | 11.41 | -57.14 | 369.03 | 68.87 | -19.66 | -6.52 | 30.75 |
| Debt/Equity(x) | 1.03 | 1.14 | 1.16 | 1.18 | 1.17 | 1.15 | 1.02 | 1.05 | 0.88 | 0.71 | 0.16 |
| Current Ratio(x) | 1.1 | 1.22 | 1.1 | 1 | 0.96 | 0.93 | 1.09 | 1.15 | 1.27 | 1.33 | 1.71 |
| Quick Ratio(x) | 0.66 | 0.69 | 0.56 | 0.6 | 0.52 | 0.52 | 0.65 | 0.67 | 0.81 | 0.85 | 0.98 |
| Interest Cover(x) | 4.64 | 7.45 | 2.7 | 2.65 | 2.48 | 1.41 | 4.32 | 6.53 | 4.5 | 4.07 | 6.53 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 |
| # | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 48 | 48 | 48.01 | 78.08 | 77.94 | 77.92 | 77.91 | 77.88 | 77.87 | 77.87 |
| FII | 0 | 0 | 0 | 2.91 | 3.05 | 3.07 | 2.86 | 3.29 | 3.59 | 3.35 |
| DII | 13.09 | 13.09 | 13.09 | 3.96 | 3.87 | 3.44 | 2.84 | 4.37 | 6.1 | 6.1 |
| Public | 38.91 | 38.91 | 38.9 | 15.05 | 15.14 | 15.57 | 16.39 | 14.46 | 12.44 | 12.69 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 8.68 | 8.68 | 8.68 | 14.76 | 14.76 | 14.76 | 14.76 | 14.76 | 14.76 | 14.76 |
| FII | 0 | 0 | 0 | 0.55 | 0.58 | 0.58 | 0.54 | 0.62 | 0.68 | 0.64 |
| DII | 2.37 | 2.37 | 2.37 | 0.75 | 0.73 | 0.65 | 0.54 | 0.83 | 1.16 | 1.16 |
| Public | 7.04 | 7.04 | 7.03 | 2.85 | 2.87 | 2.95 | 3.11 | 2.74 | 2.36 | 2.4 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18.09 | 18.09 | 18.09 | 18.91 | 18.94 | 18.95 | 18.95 | 18.96 | 18.96 | 18.96 |
* The pros and cons are machine generated.
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