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Ajanta Pharma Limited

AJANTPHARMNSE
Market snapshot · 2026-08-10 20:51 UTC

3,506.20

+₹17.00 (+0.49%)

MARKET CAP

₹43.80K Cr

STOCK P/E

38.6x

52W HIGH

₹3,598.80

52W LOW

₹2,329.90

BOOK VALUE

₹362.41

EPS

₹90.72

ROE

SECTOR

Health Care

DEBT/EQUITY

5.75

VOLUME

43,401

P/B RATIO

9.67x

PEG RATIO

1.25

Sector

Health Care

Themes

Pharmaceuticals
D
Dividend
E
Earnings
₹3,489.20₹3,205.30₹2,921.40₹2,637.50₹2,353.60VolumeEDEEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Ajanta Pharma is a pharmaceutical formulation company selling specialty finished dosages across India, Africa, Asia, and the United States. Chronic and acute therapies, branded generics, and dosage forms including tablets, injectables, inhalers, and eye drops drive revenue. Cardiology, dermatology, ophthalmology, and gynaecology are key therapeutic areas. Q1 profit reached ₹334 crore, supporting 17.9% revenue growth and improving margins. ROE is unavailable, while debt-to-equity of 5.75 indicates substantial leverage that can amplify reported returns and financial risk. Profit growth of 14.7% trails revenue growth, despite the improving margin trend. At 38.5 times earnings, the shares appear rich versus the company’s profit growth rate. Investors must weigh positive sentiment and international specialty-formulation opportunities against leverage and valuation risk.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for AJANTPHARM.

14.00 analysts

Price Forecast

Current
₹3,506
High Target
₹4,131
▲ +17.8%
Median Target
₹3,815
▲ +8.8%
Low Target
₹3,109
▼ -11.3%
Now₹3,506High ₹4,131Median ₹3,815Low ₹3,109Aug '25Now12M Target
Price history (1Y)
Analyst target range
14 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹3,064 - ₹4,24480%
6M₹2,945 - ₹4,66980%
12M₹2,832 - ₹5,43280%
Realized vol: +25.4% · Drift: +14.4%

Revenue Forecast

₹ Cr
Jun '26Current₹1,489.0
Sep 2026 ETrend estimate range
High₹1,546.5Base₹1,431.9Low₹1,317.4
Sep '25: ₹1,220.0 · Dec '25: ₹1,207.0 · Mar '26: ₹1,211.0 · Jun '26: ₹1,489.0 · Sep '26: ₹1,431.9 · Dec '26: ₹1,416.7
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1,220.01,207.01,211.01,489.01,431.91,416.7
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹25.25
Sep 2026 ETrend estimate range
High₹24.06Base₹21.48Low₹18.90
Sep '25: ₹19.97 · Dec '25: ₹19.61 · Mar '26: ₹15.79 · Jun '26: ₹25.25 · Sep '26: ₹21.48 · Dec '26: ₹21.09
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E19.9719.6115.7925.2521.4821.09
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
61%
Analyst Consensus
Weakening

From 14 analysts

Mean upside+7.3%

Fundamentals

Strong

Fundamentals institutional score is 85 using growth durability 85.2.

Valuation

Premium valuation

Valuation institutional score is 13 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 65 using mean target upside 7.3%; dispersion penalty 10.9; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 82 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 1 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and analyst consensus provide support, while valuation and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price3,761 target
Mean Upside+7.3%
Technical Score82%
Fundamental Score85%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 36.7% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +2.16). Confidence: 82%.

Live forward EPS implies next-12-month EPS of ₹116.59. Applying the stock's normalized valuation corridor produces a fair range of ₹2,828.47 to ₹3,609.63, with base value near ₹3,280.84 (-6.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹116.59

Forward P/E

30.1x

Base Fair Value

₹3,280.84

Fair Range

₹2,828.47 - ₹3,609.63

Upside To Base

-6.4%

Estimate Source

Live forward EPS

Growth Estimate

+30.8%

P/E
Strongly Overvalued

5Y Average

22.63

Current

38.46

Overvalued

30.96

Undervalued

24.26

EV/EBITDA
Strongly Overvalued

5Y Average

16.04

Current

27.39

Overvalued

20.80

Undervalued

9.98

P/S
Strongly Overvalued

5Y Average

4.44

Current

7.58

Overvalued

5.76

Undervalued

2.76

Peers & Comparison

Sector: Health Care · Theme: Pharmaceuticals

Pharmaceuticals Peers8 peers
Avg P/E: 47x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
CIPLA LTD
CIPLAPharmaceuticals
+3.5%12.0%
35.2x
Undervalued
-25% vs avg
-2.7%
TORRENT PHARMACEUTICALS L
TORNTPHARMPharmaceuticals
+54.8%13.9%
78.7x
Premium
+67% vs avg
+36.2%
LUPIN LIMITED
LUPINPharmaceuticals
+32.0%18.5%
19.0x
Undervalued
-60% vs avg
+21.5%
GLENMARK PHARMACEUTICALS
GLENMARKPharmaceuticals
+23.1%10.1%
35.4x
Undervalued
-25% vs avg
+11.2%
ABBOTT INDIA LIMITED
ABBOTINDIAPharmaceuticals
+6.5%22.4%
37.8x
Undervalued
-20% vs avg
-15.6%
MANKIND PHARMA LIMITED
MANKINDPharmaceuticals
+12.9%13.9%
49.4x
Fair
+5% vs avg
+0.8%
LAURUS LABS LIMITED
LAURUSLABSPharmaceuticals
+29.1%15.0%
91.4x
Premium
+94% vs avg
+121.8%
DR. REDDY S LABORATORIES
DRREDDYPharmaceuticals
-5.6%10.0%
29.2x
Undervalued
-38% vs avg
-3.9%
WHY THESE PEERS

AJANTA PHARMA LIMITED trades at a discount (38.6x vs peer avg 47.0x), suggesting potential undervaluation relative to the Pharmaceuticals cohort. Peers include CIPLA LTD, TORRENT PHARMACEUTICALS L, LUPIN LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.49K CrJun 2026

Latest net profit

₹315 CrJun 2026

Latest EPS

₹25.25Jun 2026

Net margin

27.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%7.0%14.0%21.0%28.0%0.00 Cr400 Cr800 Cr1.20K Cr1.60K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr400 Cr800 Cr1.20K Cr1.60K Cr₹0₹7₹14₹21₹28
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr400 Cr800 Cr1.20K Cr1.60K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +1,0159451,0859261,0771,1291,1021,0141,2091,2201,2071,2111,489
Expenses +7386727586997618267667648799318669721,092
Operating Profit277274327227316303336250329290341238397
OPM %27%29%30%25%29%27%31%25%27%24%28%20%27%
Other Income +31521434284033184175266371
Interest12211121112-11
Depreciation32333333333335394042424443
Profit before tax275290305226311309332228329322322258423
Tax %23%27%28%28%24%24%24%15%22%22%24%23%26%
Net Profit +212212220163236235252193255250245197315
EPS in Rs16.5516.5717.1812.7018.9018.8120.2115.4920.4119.9719.6115.7925.25
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +66.26%66.25%66.25%66.25%63.49%
FIIs +8.86%8.53%7.97%8.26%7.68%
DIIs +17.50%17.90%18.58%18.36%21.80%
Government +0.01%0.01%0.01%0.01%
Public +7.38%7.32%7.20%7.14%7.03%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Participation In Investor Conference

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Aug 03, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Jul 31, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Jul 30, 2026PDFCompany Reports Open