Bajaj Healthcare (BAJAJHCARE) had a P/E of 42.5× on 6 Nov 2026, above the industry P/E of 28.7×, and the shares are 32% below their 52-week high. Sales and net profit fell 1.8% and 28% a year over 3 years; its ROCE of 8.4% is the lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers. Debt is 0.51× equity, and its dividend yield is 0.5%. It is a small-cap company with a market cap of ₹1,046 Cr, ranked 70th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares fell 31% over the past year.
- ₹320.05
- ₹320.15
- ₹308.85
- ₹320.05
- 1.2 L
Health check
- ReturnsBehind
−31.2% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 42.5 vs industry 28.7.
- GrowthShrinking
Sales −1.8%, profit −28.4% a year over 3 years.
- ProfitabilityWeak
ROCE 8.4% vs peer median 17.9%.
- Balance sheetFair
Debt 0.51× equity, interest covered 2.4×, Piotroski 7 of 9.
- Red flags2 to check
Return on equity is low at 4.8%.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,046 Cr
- Small cap
- P/E
- 42.5
- Industry 28.7
- Price to book
- 1.88
- Peers 4.99
- Dividend yield
- 0.48%
- ROE
- 4.8%
- Peers 14.7%
- ROCE
- 8.4%
- Peers 17.9%
- Debt to equity
- 0.51
- Debt ₹282 Cr
- EPS (TTM)
- ₹7.31
- Face value ₹5
- OPM (TTM)
- 17.3%
- Net margin 3.1%
- Sales growth
- +18.9%
- Latest quarter vs a year ago
- Profit growth
- +20.5%
- Latest quarter vs a year ago
- Price to sales
- 1.59
- EV/EBITDA 11.9
Strengths and risks
Strengths
- Quarterly profit up 20.5% on a year ago.
- Quarterly sales up 18.9% on a year ago.
Risks to check
- Return on equity is low at 4.8%.
- 32% below its 52-week high.
About Bajaj Healthcare
Bajaj HealthCare Limited, a pharmaceutical company, develops, manufactures, markets, and sells active pharmaceutical ingredient, intermediates, and finished dosage forms and nutraceuticals for pharmaceutical, nutraceuticals, and food industries in India and internationally. The company offers active pharmaceutical ingredient in various therapeutic categories, including anthelmintic, anti viral, anti coagulant, vitamin c, anti arthritis, atypical…
- Headquarters
- Thane
- Employees
- 949
- Sector
- Healthcare
- ISIN
- INE411U01027
- Website
- bajajhealth.com
Price range
- Avg volume (3M)
- 1.3 L
- 1-year return
- minus 31.2%
- From 52-week high
- minus 32.2%
Peers · Drug Manufacturers - Specialty & Generic
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMASun Pharmaceutical Industries | 1,860.00 | plus 1.69% | 4,46,276 | 40.7 | 4.99 | 17.9% | 13.1% | 28.2% | 10.4% | 10.6% | 0.86% | plus 8.2% |
| DIVISLABDivi's Laboratories | 10,320.50 | plus 1.78% | 2,73,977 | 93.6 | 16.35 | 19.0% | 16.2% | 34.9% | 11.0% | 12.1% | 0.29% | plus 49.0% |
| TORNTPHARMTorrent Pharmaceuticals | 4,750.00 | plus 0.85% | 1,80,675 | 80.2 | 9.83 | 9.1% | 15.7% | 33.7% | 13.3% | 20.2% | 0.80% | plus 31.7% |
| LAURUSLABSLaurus Labs | 2,340.00 | minus 0.26% | 1,26,433 | 94.4 | 20.86 | 19.5% | 24.0% | 30.4% | 3.8% | 4.0% | 0.09% | plus 138.6% |
| ZYDUSLIFEZydus Lifesciences | 1,197.90 | plus 0.41% | 1,19,491 | 28.6 | 4.29 | 19.0% | 14.7% | 26.2% | 16.5% | 37.0% | 0.08% | plus 22.8% |
| DRREDDYDr. Reddy's Laboratories | 1,373.00 | plus 0.51% | 1,14,462 | 40.9 | 2.96 | 14.2% | 7.3% | 15.9% | 11.0% | −1.7% | 0.58% | plus 13.8% |
| CIPLACipla | 1,411.00 | plus 0.49% | 1,13,993 | 39.4 | 3.22 | 14.9% | 8.3% | 17.3% | 7.2% | 11.5% | 0.92% | minus 6.6% |
| BAJAJHCAREBajaj Healthcare | 310.70 | minus 2.92% | 1,046 | 42.5 | 1.88 | 8.4% | 4.8% | 17.3% | −1.8% | −28.4% | 0.48% | minus 31.2% |
| Median of 7 peers | – | 0.51% | 1,26,433 | 40.9 | 4.99 | 17.9% | 14.7% | 28.2% | 11.0% | 11.5% | 0.58% | 22.8% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 149 | 161 | 153 | 166 | 176 | |
| 124 | 131 | 130 | 137 | 145 | |
| 24.5 | 30.7 | 22.7 | 28.8 | 31.2 | |
| 16.5% | 19.0% | 14.8% | 17.4% | 17.7% | |
| 0.9 | 1.6 | 3 | 0.8 | 0.9 | |
| 5.2 | 5.9 | 5.6 | 6.1 | 6 | |
| 5.6 | 7.2 | 7.6 | 7 | 7.6 | |
| – | – | −33.2 | – | – | |
| 14.5 | 19.2 | −20.8 | 16.5 | 18.5 | |
| 16.2% | 16.3% | 6.7% | 15.6% | 22.2% | |
| 11.8 | 15.7 | −22.9 | 13.7 | 14.1 | |
| 3.64 | 4.87 | -7.16 | 4.06 | 4.18 |
Profit & loss
- Sales CAGR 3Y
- −1.8%
- Profit CAGR 3Y
- −28.4%
- EPS CAGR 3Y
- −31.7%
- ROE
- 4.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 646 | 473 | 543 | 611 | |
| – | minus 26.8% | +14.7% | +12.6% | |
| 524 | 429 | 460 | 533 | |
| 122 | 43.8 | 82.9 | 77.8 | |
| 18.8% | 9.3% | 15.3% | 12.7% | |
| −0.5 | 45 | 13.8 | 33.1 | |
| 16.4 | 29.7 | 25.1 | 21.4 | |
| 27.4 | 31.4 | 27.9 | 27.5 | |
| 0.8 | −44.3 | 2.3 | −33.1 | |
| 78.2 | −16.7 | 46 | 28.9 | |
| 18.7% | 14.1% | 6.7% | 26.3% | |
| 43 | −83.8 | 39.5 | 15.8 | |
| – | minus 294.8% | – | minus 60.1% | |
| 15.59 | -30.36 | 13.12 | 4.97 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.8 | 13.8 | 15.8 | 16.8 | |
| 354 | 265 | 450 | 516 | |
| 415 | 333 | 223 | 249 | |
| 115 | 154 | 144 | 141 | |
| 898 | 765 | 833 | 923 | |
| 386 | 258 | 240 | 255 | |
| 20.3 | 4.8 | 3.4 | 7.9 | |
| 0 | 0 | 0 | 0 | |
| 19.2 | 2.9 | 6.7 | 39.1 | |
| 472 | 500 | 582 | 621 | |
| 898 | 765 | 833 | 923 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −22.2 | 92.3 | 21.6 | 58.1 | |
| −93.4 | −11.2 | −14.8 | −47.8 | |
| 131 | −96.6 | −6.4 | 24.3 | |
| 15.7 | −15.5 | 0.4 | 34.6 | |
| −93.6 | −30.3 | −11.5 | −43.3 | |
| −116 | 62 | 10.1 | 14.7 | |
| −4.1 | −2.8 | −2.8 | −3.2 |
Shareholding pattern
- Promoters58.59%
- Public41.41%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 58.59% | 41.41% | 0.00 | |
| 30 Jun 2026 | 58.59% | 41.41% | plus 0.30 | |
| 31 Mar 2026 | 58.29% | 41.71% | 0.00 | |
| 18 Mar 2026 | 58.29% | 41.71% | minus 0.90 | |
| 31 Dec 2025 | 59.19% | 40.81% | – |
Major shareholders
Filings & events
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