On 6 Nov 2026, Mankind Pharma was priced at ₹2,540.00, or 46.8× trailing earnings, against an industry P/E of 28.7×. Its ROCE of 14% is the second-lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers, and sales and net profit grew 18% and 14% a year over 3 years. Debt is 0.30× equity. It is a large-cap company with a market cap of ₹1.0 lakh crore, ranked 8th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares rose 6.3% over the past year.
- ₹2,508.00
- ₹2,545.00
- ₹2,489.00
- ₹2,518.00
- 2.7 L
Health check
- ReturnsBehind
+6.3% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 46.8 vs industry 28.7.
- GrowthStrong
Sales +17.7%, profit +14.3% a year over 3 years.
- ProfitabilityAverage
ROCE 13.7% vs peer median 17.9%.
- Balance sheetFair
Debt 0.30× equity, interest covered 4.7×, Piotroski 7 of 9.
- Red flags1 to check
P/E of 46.8 against an industry P/E of 28.7.
Large cap
Defensive
Key metrics
- Market cap
- ₹1.0L Cr
- Large cap
- P/E
- 46.8
- Industry 28.7
- Price to book
- 5.97
- Peers 4.99
- Dividend yield
- 0.00%
- ROE
- 13.6%
- Peers 14.7%
- ROCE
- 13.7%
- Peers 17.9%
- Debt to equity
- 0.30
- Debt ₹5,422 Cr
- EPS (TTM)
- ₹54.24
- Face value ₹1
- OPM (TTM)
- 26.5%
- Net margin 14.6%
- Sales growth
- +17.3%
- Latest quarter vs a year ago
- Profit growth
- +38.9%
- Latest quarter vs a year ago
- Price to sales
- 6.82
- EV/EBITDA 26.4
Strengths and risks
Strengths
- Quarterly profit up 38.9% on a year ago.
- Quarterly sales up 17.3% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 46.8 against an industry P/E of 28.7.
About Mankind Pharma
Mankind Pharma Limited develops, manufactures, and markets pharmaceutical formulations and consumer healthcare products in India and internationally. The company develops pharmaceuticals for acute and chronic therapeutics in the areas of anti-infective, cardiovascular, gastrointestinal, gynaecology, urology, anti-diabetic, dermatology, pain/analgesics, neuro/CNS, vitamins/minerals/nutrients, respiratory, and other diseases. It also provides consumer…
- Headquarters
- New Delhi
- Employees
- 20,451
- Sector
- Healthcare
- ISIN
- INE634S01028
- Website
- mankindpharma.com
Price range
- Avg volume (3M)
- 5.5 L
- 1-year return
- plus 6.3%
- From 52-week high
- minus 3.9%
Analyst consensus
Next results expected around 26 Jan 2027
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% |
| MANKINDMankind Pharma | 2,540.00 | plus 0.87% | 1,04,913 | 46.8 | 5.97 | 13.7% | 13.6% | 26.5% | 17.7% | 14.3% | 0.00% | plus 6.3% |
| 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 |
|---|---|---|---|---|---|
| 3,570 | 3,567 | 3,443 | 4,031 | 4,338 | |
| 2,724 | 2,648 | 2,513 | 2,974 | 3,167 | |
| 847 | 919 | 930 | 1,056 | 1,171 | |
| 23.7% | 25.8% | 27.0% | 26.2% | 27.0% | |
| 83.1 | 76 | 117 | 48.9 | 98.5 | |
| 171 | 157 | 142 | 110 | 105 | |
| 219 | 223 | 223 | 226 | 236 | |
| – | −107 | −23.2 | – | – | |
| 540 | 509 | 659 | 769 | 929 | |
| 17.7% | 18.7% | 15.1% | 25.4% | 22.9% | |
| 438 | 409 | 554 | 568 | 711 | |
| 10.60 | 9.89 | 13.41 | 13.74 | 17.20 |
Profit & loss
- Sales CAGR 3Y
- +17.7%
- Profit CAGR 3Y
- +14.3%
- EPS CAGR 3Y
- +13.1%
- ROE
- 13.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8,749 | 10,259 | 12,207 | 14,278 | |
| – | +17.3% | +19.0% | +17.0% | |
| 6,782 | 7,622 | 9,070 | 10,556 | |
| 1,968 | 2,638 | 3,137 | 3,721 | |
| 22.5% | 25.7% | 25.7% | 26.1% | |
| 46.6 | 69.2 | 111 | 156 | |
| 40.3 | 27.8 | 421 | 633 | |
| 326 | 398 | 621 | 886 | |
| 23.3 | 117 | 310 | −24.7 | |
| 1,671 | 2,398 | 2,516 | 2,333 | |
| 21.6% | 19.1% | 20.3% | 16.9% | |
| 1,282 | 1,913 | 1,991 | 1,913 | |
| – | +49.2% | +4.1% | minus 3.9% | |
| 32.00 | 47.68 | 49.19 | 46.28 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 40.1 | 40.1 | 41.3 | 41.3 | |
| 7,395 | 9,323 | 14,291 | 16,259 | |
| 170 | 207 | 8,511 | 6,312 | |
| 2,110 | 2,393 | 4,916 | 5,468 | |
| 9,715 | 11,963 | 27,760 | 28,080 | |
| 3,076 | 3,171 | 3,259 | 3,714 | |
| 552 | 239 | 351 | 754 | |
| 176 | 122 | 294 | 252 | |
| 1,522 | 3,386 | 2,485 | 2,196 | |
| 4,390 | 5,045 | 21,370 | 21,164 | |
| 9,715 | 11,963 | 27,760 | 28,080 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,813 | 2,152 | 2,413 | 3,121 | |
| −1,054 | −2,082 | −12,683 | −196 | |
| −740 | 5.3 | 10,233 | −2,953 | |
| 19.4 | 76 | −46.4 | −27.8 | |
| −832 | −389 | −531 | −737 | |
| 981 | 1,763 | 1,883 | 2,384 | |
| – | – | – | −41.3 |
Shareholding pattern
- Promoters72.62%
- Public27.38%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.62% | 27.38% | minus 0.01 | |
| 30 Jun 2026 | 72.63% | 27.37% | minus 0.03 | |
| 31 Mar 2026 | 72.66% | 27.34% | 0.00 | |
| 31 Dec 2025 | 72.66% | 27.34% | minus 0.01 | |
| 30 Sep 2025 | 72.67% | 27.33% | – |
Major shareholders
Filings & events
News
No recent news coverage found.