Phaarmasia (BSE: PHRMASI) had a P/E of 3.2× on 6 Nov 2026, below the industry P/E of 28.7×, and the shares are 38% below their 52-week high. Its ROCE of 97% is the highest among the 7 largest Drug Manufacturers (Specialty & Generic) peers, and sales grew 20% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. The company has almost no debt. It is a small-cap company with a market cap of ₹56 Cr, ranked 129th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares rose 144% over the past year.
- ₹80.00
- ₹82.00
- ₹80.00
- ₹82.00
- 622
Health check
- ReturnsAhead
+144.3% over a year, better than 7 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthStrong
Sales +19.7% a year over 3 years.
- ProfitabilityStrong
ROCE 96.5% vs peer median 17.9%.
- Balance sheetSolid
Debt 0.05× equity, interest covered 123.7×, Piotroski 6 of 9.
- Red flags2 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹56 Cr
- Small cap
- P/E
- 3.2
- Industry 28.7
- Price to book
- 2.53
- Peers 4.99
- Dividend yield
- 0.00%
- ROE
- 114.0%
- Peers 14.7%
- ROCE
- 96.5%
- Peers 17.9%
- Debt to equity
- 0.05
- Debt ₹1.12 Cr
- EPS (TTM)
- ₹25.85
- OPM (TTM)
- 3.8%
- Net margin 36.3%
- Sales growth
- +20.5%
- Latest quarter vs a year ago
- Profit growth
- +25.5%
- Latest quarter vs a year ago
- Price to sales
- 1.15
- EV/EBITDA 16.4
Strengths and risks
Strengths
- Return on equity of 114.0%.
- Return on capital employed of 96.5%.
- Practically debt-free.
- Quarterly profit up 25.5% on a year ago.
- Quarterly sales up 20.5% on a year ago.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 38% below its 52-week high.
About Phaarmasia
Phaarmasia Limited manufactures and sells oral contraceptive pills in India. It also engages in the manufacture and marketing of cosmetics and combi pack with iron tablets. Phaarmasia Limited was incorporated in 1981 and is based in Hyderabad, India.
- Headquarters
- Hyderabad
- Employees
- 47
- Sector
- Healthcare
- ISIN
- INE486I01016
- Website
- phaarmasia.in
Price range
- Avg volume (3M)
- 736
- 1-year return
- plus 144.3%
- From 52-week high
- minus 37.8%
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% |
| PHRMASIPhaarmasia | 82.00 | 0.00% | 56 | 3.2 | 2.53 | 96.5% | 114.0% | 3.8% | 19.7% | – | 0.00% | plus 144.3% |
| 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 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 6.9 | 16.6 | 16.1 | 7.7 | 8.3 | |
| 6.8 | 14.9 | 15.2 | 8.4 | 8.2 | |
| 0.1 | 1.6 | 0.8 | −0.7 | 0 | |
| 1.3% | 9.7% | 5.2% | −8.6% | 0.6% | |
| 0.3 | 0.1 | 0.2 | 0.3 | 0.3 | |
| 0 | 0 | 0 | 0.2 | 0 | |
| 0.1 | 0.1 | 0.1 | 0 | 0 | |
| – | – | 19 | – | – | |
| 0.3 | 1.7 | 19.9 | −0.5 | 0.3 | |
| 13.7% | −2.2% | 18.3% | −31.1% | −11.4% | |
| 0.3 | 1.7 | 16.3 | −0.7 | 0.3 | |
| 0.40 | 2.54 | 23.84 | -1.03 | 0.50 |
Profit & loss
- Sales CAGR 3Y
- +19.7%
- ROE
- 114.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 27.5 | 30.6 | 24.4 | 47.2 | |
| – | +11.3% | minus 20.3% | +93.7% | |
| 29 | 31.4 | 26.4 | 45.3 | |
| −1.5 | −0.8 | −2 | 1.9 | |
| −5.6% | −2.7% | −8.3% | 4.0% | |
| 0.5 | 0.6 | 0.7 | 0.9 | |
| 0 | 0 | 0 | 0.2 | |
| 0.4 | 0.3 | 0.3 | 0.2 | |
| – | – | – | 19 | |
| −1.4 | −0.5 | −1.6 | 21.4 | |
| 12.1% | 5.1% | 0.8% | 17.8% | |
| −1.3 | −0.5 | −1.6 | 17.6 | |
| -1.84 | -0.76 | -2.33 | 25.74 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.8 | 6.8 | 6.8 | 6.8 | |
| 4 | 3.5 | 1.9 | 15.3 | |
| 0.3 | 0.1 | 0 | 1.1 | |
| 17.3 | 21 | 12.8 | 6.8 | |
| 28.4 | 31.4 | 21.6 | 30.1 | |
| 12.8 | 12.4 | 12.3 | 1 | |
| 0 | – | 0 | – | |
| 0.7 | 0.6 | 0.4 | 11 | |
| 14.9 | 18.4 | 8.9 | 18.1 | |
| 28.4 | 31.4 | 21.6 | 30.1 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.6 | 0.1 | −0 | −16.4 | |
| −0 | −0 | −0.1 | 26.1 | |
| −0.2 | −0.2 | −0.1 | 0.9 | |
| 0.5 | −0.1 | −0.3 | 10.6 | |
| −0 | −0 | −0.2 | – | |
| 0.6 | 0.1 | −0.2 | −16.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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