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Ajanta Pharma Limited (AJANTPHARM.NS)

INR3,454.20 +45.40 (+1.33%)
IN NSE Healthcare Drug Manufacturers - Specialty & Generic
Address Ajanta House 400067
Mumbai, IN
CEO Yogesh Mannalal Agrawal
IPO 2002-07-01
ISIN INE031B01049

Explore sections of this company profile

Also trades on Bombay Stock Exchange · AJANTPHARM.BO (INR) National Stock Exchange of India · AJANTPHARM.NS (INR)
Description

Established in 1973 and headquartered in Mumbai, India, Ajanta Pharma Limited operates as a specialized pharmaceutical enterprise. This company, along with its subsidiaries, is dedicated to the development, manufacturing, and commercialization of finished dosage forms. Its extensive product range caters to numerous therapeutic categories, such as anti-infectives (antibiotic, anti-malarial), chronic disease management (anti-diabetic, cardiology), women's health (gynecology), pediatrics, respiratory ailments, general health, dermatology, ophthalmology, and pain management. Notable products include multivitamins, antibiotics, eye drops, and cough syrups. Ajanta Pharma boasts a substantial international footprint, operating across India, Africa, other parts of Asia, the United States, and additional global markets. Furthermore, it supplies its pharmaceutical offerings to various government entities, including armed forces, public hospitals, and governmental procurement departments.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR3,454.20 +45.40 (+1.33%)
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Volume Profile
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Liquidity & share structure
Average Volume
134.9K
Beta
0.20
Float Shares
41.98M
Free Float %
33.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.82% +0.55% +11.08% +7.85% +21.38% +12.57% +25.57% +146.80% +133.18% +205.16% +19,803.58%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3,454.20
DCF (Unlevered) 6,917.66 +100.3%
DCF (Levered) 10,553.07 +205.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 83% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 9 0
Hold 0 0
Sell 0 0
Strong Sell 2 0
Quality scores
Altman Z-Score
16.29
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
9 / 10
Strong MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Drug Manufacturers - Specialty & Generic: +6.8%
    +18.9% Q1'26: +28.1% (vs Q1'25)
  • EPS growth Drug Manufacturers - Specialty & Generic: +16.5%
    +15.0% Q1'26: +18.3% (vs Q1'25)
  • FCF margin FCF growth · Drug Manufacturers - Specialty & Generic: +32.3%
    +6.1% Q1'26: +7.8% (vs Q1'25)
  • EBIT margin Drug Manufacturers - Specialty & Generic: +13.0%
    +24.3% Q1'26: +23.2% (vs Q1'25)
  • ROIC Drug Manufacturers - Specialty & Generic: +6.5%
    +24.6% Q1'26: +24.6% (vs Q1'25)
  • Share dilution Drug Manufacturers - Specialty & Generic: +0.0%
    -0.2% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Drug Manufacturers - Specialty & Generic: -0.10×
    0.17× Q1'26: 0.20× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.20) × ERP
WACC = 99% × Ke + 1% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 10,143.71 Current price: 3,454.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
12 Rev. Ana.
11 EPS Ana.
Mar 2027
11 Rev. Ana.
11 EPS Ana.
Mar 2028
11 Rev. Ana.
12 EPS Ana.
Mar 2029
5 Rev. Ana.
4 EPS Ana.
Revenue
6.69B
est: 6.17B (+8.4%)
9.22B
est: 8.96B (+2.9%)
11.81B
est: 11.98B (-1.4%)
14.48B
est: 14.19B (+2.1%)
17.14B
est: 17.63B (-2.8%)
19.16B
est: 20.54B (-6.7%)
20.60B
est: 21.00B (-1.9%)
20.16B
est: 20.37B (-1.0%)
25.62B
est: 25.28B (+1.3%)
28.45B
est: 28.59B (-0.5%)
32.84B
est: 32.60B (+0.7%)
37.08B
est: 38.18B (-2.9%)
41.62B
est: 43.33B (-3.9%)
45.88B
est: 46.13B (-0.6%)
53.65B
51.59B – 54.81B
+16.3% YoY
62.10B
59.83B – 63.71B
+15.8% YoY
69.89B
67.12B – 72.16B
+12.5% YoY
78.08B
77.88B – 78.29B
+11.7% YoY
EBITDA
1.35B
est: 1.83B (-26.4%)
2.24B
est: 1.56B (+44.2%)
3.80B
est: 2.46B (+54.8%)
5.11B
est: 4.70B (+8.7%)
6.06B
est: 6.14B (-1.3%)
7.11B
est: 7.40B (-3.9%)
6.83B
est: 7.34B (-7.0%)
5.88B
est: 6.81B (-13.8%)
7.71B
est: 7.43B (+3.8%)
10.24B
est: 9.25B (+10.7%)
10.44B
est: 10.39B (+0.6%)
8.81B
est: 11.97B (-26.4%)
12.57B
est: 12.37B (+1.6%)
13.54B
est: 12.76B (+6.1%)
15.32B
14.73B – 15.65B
+20.0% YoY
17.73B
17.08B – 18.19B
+15.8% YoY
19.95B
19.16B – 20.60B
+12.5% YoY
22.29B
22.23B – 22.35B
+11.7% YoY
EBIT
1.03B
est: 1.61B (-36.2%)
1.90B
est: 1.60B (+18.9%)
3.36B
est: 2.80B (+20.0%)
4.60B
est: 4.02B (+14.3%)
5.61B
est: 5.25B (+6.9%)
6.50B
est: 6.55B (-0.8%)
6.23B
est: 6.60B (-5.7%)
5.15B
est: 5.78B (-10.9%)
6.76B
est: 6.07B (+11.3%)
9.08B
est: 6.48B (+40.2%)
9.20B
est: 7.28B (+26.4%)
7.51B
est: 8.39B (-10.4%)
11.21B
est: 10.91B (+2.8%)
12.10B
est: 11.03B (+9.7%)
13.51B
12.99B – 13.80B
+22.5% YoY
15.63B
15.06B – 16.04B
+15.8% YoY
17.59B
16.90B – 18.16B
+12.5% YoY
19.66B
19.60B – 19.71B
+11.7% YoY
Net Income
772.60M
est: 1.00B (-22.9%)
1.12B
est: 1.12B (-0.2%)
2.34B
est: 1.50B (+56.0%)
3.10B
est: 2.90B (+7.0%)
4.16B
est: 3.65B (+13.7%)
5.07B
est: 4.95B (+2.3%)
4.69B
est: 5.20B (-9.8%)
3.87B
est: 4.53B (-14.5%)
4.68B
est: 4.75B (-1.6%)
6.54B
est: 5.19B (+25.9%)
7.13B
est: 5.83B (+22.2%)
5.88B
est: 6.72B (-12.5%)
8.16B
est: 8.54B (-4.4%)
9.20B
est: 9.30B (-1.0%)
10.56B
10.46B – 11.46B
+13.6% YoY
12.23B
11.97B – 13.14B
+15.8% YoY
14.25B
13.84B – 15.51B
+16.5% YoY
15.74B
15.49B – 16.80B
+10.4% YoY
SGA
1.15B
est: 1.03B (+11.2%)
3.32B
est: 3.98B (-16.6%)
4.10B
est: 4.63B (-11.5%)
2.17B
est: 5.42B (-60.0%)
2.77B
est: 5.76B (-51.8%)
3.06B
est: 6.65B (-54.0%)
3.91B
est: 6.23B (-37.2%)
4.50B
est: 7.36B (-38.8%)
4.89B
est: 10.34B (-52.7%)
5.52B
est: 13.10B (-57.8%)
6.57B
est: 14.71B (-55.3%)
7.98B
est: 16.95B (-52.9%)
9.12B
est: 9.54B (-4.3%)
11.05B
est: 22.28B (-50.4%)
11.81B
11.36B – 12.06B
-47.0% YoY
13.67B
13.17B – 14.02B
+15.8% YoY
15.38B
14.77B – 15.88B
+12.5% YoY
17.19B
17.14B – 17.23B
+11.7% YoY
EPS
5.86
est: 8.01 (-26.8%)
8.51
est: 13.76 (-38.2%)
17.75
est: 26.13 (-32.1%)
23.49
est: 22.30 (+5.3%)
31.49
est: 29.27 (+7.6%)
38.39
est: 39.48 (-2.8%)
35.50
est: 37.00 (-4.1%)
29.32
est: 28.99 (+1.1%)
35.73
est: 33.76 (+5.8%)
50.06
est: 49.36 (+1.4%)
54.97
est: 58.15 (-5.5%)
45.89
est: 50.14 (-8.5%)
64.82
est: 67.83 (-4.4%)
73.56
est: 75.85 (-3.0%)
87.82
83.69 – 91.77
+15.8% YoY
100.77
95.80 – 105.17
+14.7% YoY
115.23
110.80 – 124.17
+14.3% YoY
128.15
123.99 – 134.47
+11.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-13 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-12 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-11 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-08 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-07 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-06 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.29B
OE per share TTM
18.25
Owner's Yield
0.59%
Maintenance CapEx ratio
28.46%
Maint CapEx / Avg PPE
46.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 24 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard Emerging Markets Ex-China ETF VEXC 0.02% 39.0K 0.07%
2 Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX 0.01% 79.2K 0.40%
3 Schwab Emerging Markets Equity ETF SCHE 0.01% 1.63M 0.06%
4 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.01% 690.2K 0.17%
5 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.01% 690.2K 0.17%
6 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.01% 154.0K 0.48%
7 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.01% 347.3K 0.26%
8 Vanguard FTSE Emerging Markets ETF VWO 0.01% 17.14M 0.06%
9 Vanguard ESG International Stock ETF VSGX 0.00% 272.0K 0.10%
10 Vanguard All-World ex-US Shares Index ETF VEU.AX 0.00% 137.5K 0.04%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.64M
Shares Outstanding
124.94M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Rajesh Mannalal Agrawal Joint MD & Director 246M male
Yogesh Mannalal Agrawal MD & Executive Director 246M male
Madhusudan Bhagwandas Agrawal Executive Vice Chairman of the Board 48M male
H. Satish Agrawal President of Technical & Operations male
Arvind K. Agrawal Chief Financial Officer male
Pourus Vakil President of Sales & Marketing male
Thampy Jacob Senior Vice President of HR male
Pankaj Barbind Deputy General Manager of Sustainability male
Gaurang C. Shah Senior Vice President of Legal, VP of Corporate Affairs, Company Secretary & Compliance Officer male
H. Nandkishore Agrawal President of International Business male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits