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Mankind Pharma Overview

Mankind Pharma Ltd is a pharmaceutical company based in India that specializes in developing and manufacturing a wide range of affordable generic medicines, over-the-counter (OTC) products, and healthcare devices. Established in 1995, Mankind Pharma has a strong presence in the Indian pharmaceutical market and operates in more than 34 countries across the globe. The company has a portfolio of more than 1,000 products, covering therapeutic areas such as cardiology, neurology, gastroenterology, and anti-infectives. Mankind Pharma has a state-of-t...Read More

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Mankind Pharma Key Financials

Market Cap ₹89802 Cr.

Stock P/E 44.8

P/B 5.9

Current Price ₹2175.4

Book Value ₹ 370.3

Face Value 1

52W High ₹2754

Dividend Yield 0%

52W Low ₹ 2090.1

Mankind Pharma Share Price

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Volume
Price

Mankind Pharma Quarterly Price

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Mankind Pharma Peer Comparison

Mankind Pharma 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 2579 2708 2607 2422 2868 3061 3230 3079 3570 3697
Other Income 59 60 70 92 99 109 77 251 80 92
Total Income 2637 2768 2677 2514 2967 3170 3307 3331 3650 3789
Total Expenditure 1924 2025 2000 1836 2196 2214 2400 2396 2724 2776
Operating Profit 713 743 677 678 771 956 907 935 927 1013
Interest 6 9 9 9 11 7 221 191 171 170
Depreciation 87 96 110 100 103 100 192 231 219 222
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 620 638 558 570 657 849 494 513 537 622
Provision for Tax 130 130 103 95 123 190 113 86 96 104
Profit After Tax 489 508 455 475 535 659 381 427 441 518
Adjustments -3 -7 -1 -3 2 -5 -1 -6 -3 -6
Profit After Adjustments 487 501 454 471 536 653 380 421 438 512
Adjusted Earnings Per Share 12.2 12.5 11.3 11.8 13.4 16.3 9.2 10.2 10.6 12.4

Mankind Pharma 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 3323 3944 4382 4921 4980 5872 6214 7782 8749 10260 12207 13576
Other Income 76 71 89 72 53 104 171 196 129 280 537 500
Total Income 3399 4015 4471 4993 5033 5976 6385 7978 8878 10541 12744 14077
Total Expenditure 2738 3185 3531 3927 4055 4427 4565 5791 6848 7745 9187 10296
Operating Profit 662 830 940 1066 978 1548 1820 2187 2030 2795 3557 3782
Interest 2 3 4 25 44 23 21 60 46 34 432 753
Depreciation 39 43 31 46 69 99 119 167 326 378 621 864
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 621 784 906 995 875 1438 1692 1975 1671 2398 2516 2166
Provision for Tax 177 244 290 323 264 382 399 522 362 457 510 399
Profit After Tax 444 540 616 672 610 1056 1293 1453 1310 1941 2007 1767
Adjustments -5 2 13 -15 -32 -26 -28 -19 -28 -28 -16 -16
Profit After Adjustments 439 542 629 656 579 1030 1265 1433 1282 1913 1991 1751
Adjusted Earnings Per Share 11 13.5 15.7 16.4 14.4 25.7 31.6 35.8 32 47.8 48.3 42.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 19% 16% 16% 14%
Operating Profit CAGR 27% 18% 18% 18%
PAT CAGR 3% 11% 14% 16%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -15% NA% NA% NA%
ROE Average 17% 20% 24% 24%
ROCE Average 18% 23% 29% 32%

Mankind Pharma 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 2055 2257 2927 2881 2823 3485 4722 6155 7435 9363 14332
Minority's Interest 16 29 98 134 159 186 141 161 188 213 236
Borrowings 0 2 3 3 25 58 58 49 23 25 5526
Other Non-Current Liabilities 28 32 51 46 53 45 50 119 176 162 1894
Total Current Liabilities 433 528 663 1296 1024 1251 1353 2623 1863 2120 5664
Total Liabilities 2532 2848 3741 4360 4084 5025 6324 9108 9686 11883 27652
Fixed Assets 277 447 793 1014 1399 1594 1659 3583 4245 4540 19004
Other Non-Current Assets 582 695 879 773 686 609 758 1119 1113 775 1659
Total Current Assets 1673 1707 2069 2574 1943 2820 3880 4404 4325 6566 6986
Total Assets 2532 2848 3741 4360 4084 5025 6324 9108 9686 11883 27652

Mankind Pharma 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 98 53 82 89 136 116 220 127 283 305 382
Cash Flow from Operating Activities 280 537 628 639 600 1072 1137 920 1813 2152 2413
Cash Flow from Investing Activities -348 -152 -625 -505 -444 -439 -1222 -1369 -1054 -2082 -12683
Cash Flow from Financing Activities 9 -361 2 -89 -175 -527 -8 605 -740 5 10233
Net Cash Inflow / Outflow -59 25 5 46 -19 106 -93 155 19 76 -37
Closing Cash & Cash Equivalent 39 78 87 135 116 226 127 283 305 382 404

Mankind Pharma 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) 10.97 13.53 15.71 16.39 14.44 25.72 31.59 35.78 32 47.75 48.25
CEPS(Rs) 12.05 14.57 16.14 17.91 16.96 28.84 35.25 40.43 40.83 57.89 63.69
DPS(Rs) 0 15 0 4.35 4.45 3.1 0 0 0 0 0
Book NAV/Share(Rs) 51.29 56.34 73.07 71.92 70.47 87 117.88 153.65 185.61 233.15 346.31
Core EBITDA Margin(%) 17.56 19.12 19.26 20.15 18.57 23.68 25.5 24.66 20.89 23.56 23.82
EBIT Margin(%) 18.68 19.81 20.58 20.68 18.45 23.95 26.49 25.21 18.86 22.78 23.25
Pre Tax Margin(%) 18.62 19.74 20.5 20.17 17.56 23.57 26.16 24.47 18.35 22.46 19.85
PAT Margin (%) 13.32 13.6 13.94 13.62 12.26 17.31 20 18 14.38 18.18 15.83
Cash Profit Margin (%) 14.47 14.7 14.64 14.55 13.64 18.94 21.84 20.07 17.96 21.72 20.73
ROA(%) 17.54 20.08 18.69 16.58 14.46 23.19 22.79 18.83 13.94 18 10.15
ROE(%) 21.61 25.06 23.76 23.13 21.41 33.48 31.51 26.72 19.27 23.14 16.98
ROCE(%) 30.32 36.47 34.98 32.75 28.8 43.57 39.97 33.96 23.49 28.35 18.32
Receivable days 21.57 17.91 14.83 17.14 18.94 22.48 24.32 16.25 19.33 24.35 34.35
Inventory Days 65.27 55.86 58.15 58.39 59.01 51.46 58.78 66.57 65.31 52.16 52.5
Payable days 99.58 94.07 104.83 124.64 128.4 127.01 144.73 131.38 130.57 101.86 99.93
PER(x) 0 0 0 0 0 0 0 0 0 48.11 50.22
Price/Book(x) 0 0 0 0 0 0 0 0 0 9.85 7
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) -0.01 -0.02 -0.03 0.06 0.03 -0.04 -0.07 0.06 -0.03 8.92 8.82
EV/Core EBITDA(x) -0.03 -0.08 -0.12 0.29 0.17 -0.16 -0.23 0.23 -0.12 32.74 30.28
Net Sales Growth(%) 0 18.67 11.12 12.29 1.2 17.91 5.83 25.22 12.44 17.27 18.98
EBIT Growth(%) 0 26.28 15.58 12.17 -9.91 59 17.23 18.78 -15.6 41.65 21.22
PAT Growth(%) 0 21.66 14.01 9.08 -9.13 73 22.43 12.37 -9.86 48.19 3.39
EPS Growth(%) 0 23.38 16.07 4.34 -11.88 78.11 22.81 13.28 -10.58 49.22 1.05
Debt/Equity(x) 0 0 0 0.14 0.1 0.04 0.05 0.14 0.02 0.02 0.58
Current Ratio(x) 3.86 3.24 3.12 1.99 1.9 2.25 2.87 1.68 2.32 3.1 1.23
Quick Ratio(x) 2.48 2.1 1.97 1.39 1.1 1.54 2.05 1.01 1.52 2.36 0.86
Interest Cover(x) 289.38 289.77 249.67 40.44 20.77 62.87 80.96 34.02 37.52 71.03 6.83
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0.08

Mankind Pharma Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 76.5 76.5 74.88 74.87 74.87 72.71 72.7 72.68 72.67 72.66
FII 4.18 6.74 9.87 11.58 12.37 13.34 12.92 13.07 12.84 11.34
DII 4.56 9.79 11.14 9.95 9.9 11.06 11.45 11.47 11.88 13.21
Public 14.76 6.97 4.11 3.61 2.86 2.9 2.93 2.79 2.61 2.79
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Mankind Pharma News

Mankind Pharma Pros & Cons

Pros

  • Debtor days have improved from 101.86 to 99.93days.

Cons

  • Stock is trading at 5.9 times its book value.
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