As of 6 Nov 2026, Torrent Pharmaceuticals trades at 80.2× trailing earnings, above the industry P/E of 28.7×. Sales and net profit grew 13% and 20% a year over 3 years; its ROCE of 9.1% is the lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers. Debt is 0.77× equity, and its dividend yield is 0.8%. It is a large-cap company with a market cap of ₹1.8 lakh crore, ranked 3rd of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares rose 32% over the past year.
- ₹4,733.60
- ₹4,789.50
- ₹4,699.10
- ₹4,710.00
- 3.6 L
Health check
- ReturnsAhead
+31.7% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 80.2 vs industry 28.7.
- GrowthStrong
Sales +13.3%, profit +20.2% a year over 3 years.
- ProfitabilityWeak
ROCE 9.1% vs peer median 17.9%.
- Balance sheetFair
Debt 0.77× equity, interest covered 8.5×, Piotroski 4 of 9.
- Red flags2 to check
P/E of 80.2 against an industry P/E of 28.7.
Large cap
Market sensitivity
Key metrics
- Market cap
- ₹1.8L Cr
- Large cap
- P/E
- 80.2
- Industry 28.7
- Price to book
- 9.83
- Peers 4.99
- Dividend yield
- 0.80%
- ROE
- 15.7%
- Peers 13.6%
- ROCE
- 9.1%
- Peers 17.9%
- Debt to equity
- 0.77
- Debt ₹14,107 Cr
- EPS (TTM)
- ₹59.20
- Face value ₹5
- OPM (TTM)
- 33.7%
- Net margin 12.2%
- Sales growth
- +50.8%
- Latest quarter vs a year ago
- Profit growth
- −9.6%
- Latest quarter vs a year ago
- Price to sales
- 10.38
- EV/EBITDA 33.6
Strengths and risks
Strengths
- Quarterly sales up 50.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 80.2 against an industry P/E of 28.7.
- Promoter stake down from 68.3% to 60.8%.
About Torrent Pharmaceuticals
Torrent Pharmaceuticals Limited engages in the research, development, manufacturing, marketing, and distribution of branded and generic pharmaceutical formulations in India, the United States, Brazil, Germany, Malta, and internationally. The company offers products in various therapeutic areas, including anti-diabetic, anti-microbial, cardiovascular, CNS, urology, gynecology, oncology, gastro-intestinal, nephrology, neuro-psychiatric, dermatology,…
- Headquarters
- Ahmedabad
- Employees
- 18,258
- Sector
- Healthcare
- ISIN
- INE685A01028
- Website
- torrentpharma.com
Price range
- Avg volume (3M)
- 3.3 L
- 1-year return
- plus 31.7%
- From 52-week high
- minus 9.5%
Analyst consensus
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% | 1,19,491 | 40.9 | 4.99 | 17.9% | 13.6% | 26.5% | 11.0% | 11.5% | 0.29% | 13.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 3,246 | 3,251 | 4,128 | 4,835 | 4,896 | |
| 2,163 | 2,163 | 2,772 | 3,171 | 3,230 | |
| 1,083 | 1,088 | 1,356 | 1,664 | 1,666 | |
| 33.4% | 33.5% | 32.8% | 34.4% | 34.0% | |
| −27 | −13 | −17 | −12 | −10 | |
| 48 | 45 | 236 | 305 | 300 | |
| 204 | 206 | 508 | 593 | 609 | |
| −13 | −10 | −66 | −21 | −10 | |
| 791 | 814 | 529 | 733 | 737 | |
| 25.3% | 22.0% | 31.2% | 22.8% | 27.5% | |
| 591 | 635 | 389 | 566 | 534 | |
| 17.45 | 18.77 | 11.51 | 14.87 | 14.05 |
Profit & loss
- Sales CAGR 3Y
- +13.3%
- Profit CAGR 3Y
- +20.2%
- EPS CAGR 3Y
- +20.2%
- ROE
- 15.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9,464 | 10,562 | 11,317 | 13,753 | |
| – | +11.6% | +7.1% | +21.5% | |
| 6,622 | 7,195 | 7,596 | 9,194 | |
| 2,842 | 3,368 | 3,721 | 4,559 | |
| 30.0% | 31.9% | 32.9% | 33.1% | |
| 2.8 | 39 | 4.3 | −143 | |
| 332 | 353 | 251 | 385 | |
| 702 | 795 | 795 | 1,119 | |
| 36.6 | 93.4 | −6.1 | −40.3 | |
| 1,847 | 2,352 | 2,673 | 2,872 | |
| 32.6% | 29.6% | 28.5% | 25.6% | |
| 1,245 | 1,656 | 1,911 | 2,163 | |
| – | +33.0% | +15.4% | +13.2% | |
| 36.79 | 48.94 | 56.47 | 63.92 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 169 | 169 | 169 | 169 | |
| 6,029 | 6,687 | 7,421 | 8,219 | |
| 5,369 | 4,022 | 3,202 | 15,026 | |
| 3,445 | 4,182 | 4,197 | 20,898 | |
| 15,012 | 15,061 | 14,990 | 44,312 | |
| 3,482 | 3,593 | 3,865 | 5,394 | |
| 711 | 296 | 409 | 486 | |
| 71.1 | 33.3 | 44.6 | 99.4 | |
| 723 | 1,004 | 688 | 2,355 | |
| 10,025 | 10,134 | 9,983 | 35,978 | |
| 15,012 | 15,061 | 14,990 | 44,312 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,368 | 3,266 | 2,585 | 3,023 | |
| −2,415 | −168 | −540 | −12,712 | |
| 77.4 | −2,780 | −2,298 | 10,151 | |
| 30.2 | 319 | −253 | 461 | |
| −574 | −433 | −612 | −677 | |
| 1,794 | 2,833 | 1,973 | 2,345 | |
| −863 | −1,015 | −1,083 | −1,289 |
Shareholding pattern
- Promoters60.78%
- Public39.22%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 60.78% | 39.22% | 0.00 | |
| 20 Jul 2026 | 60.78% | 39.22% | minus 7.53 | |
| 30 Jun 2026 | 68.31% | 31.69% | 0.00 | |
| 31 Mar 2026 | 68.31% | 31.69% | 0.00 | |
| 31 Dec 2025 | 68.31% | 31.69% | – |
Major shareholders
Filings & events
News
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