AstraZeneca Pharma
AstraZeneca Pharma
HealthcareKey Fundamentals
SmallcapPharmaceuticalsHealthcareTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 51.4%
Weaknesses
1- Stock is trading at 17.3 times its book value
Growth Rate
AI Analysis — Bull vs Bear
AstraZeneca Pharma India has a market cap of about ₹16,450 crore. Its trailing P/E is 97.1 and its price-to-book is 18.87. Sales have grown 31% a year over 3 years and 31% on a TTM basis, but TTM profit has fallen 18%, and the stock has returned -26% over the past year. Return on equity has been steady at 21-23% across 1-, 3-, 5- and 10-year periods, and the company pays out 51.4% of profit as dividends.
- Sales growth has picked up. Revenue grew at a 31% CAGR over 3 years and 31% on a TTM basis, compared with 23% over 5 years and 15% over 10 years.
- Return on equity has been steady at 23% last year, 23% over 3 years, 22% over 5 years and 21% over 10 years. This suggests the business has kept its profitability through different cycles.
- The company pays out 51.4% of its profit as dividends, which points to strong cash generation and a shareholder-friendly approach to spending capital.
- Profit has compounded at 15% over 3 years, 16% over 5 years and 43% over 10 years, even counting the recent TTM decline.
- The stock has compounded at 21% a year over 10 years and 16% over 5 years, so long-term holders have seen solid returns.
- The stock is down 26% over the past year, which has pulled its valuation below earlier levels. The P/E is still 97.1, though.
- The company can draw on its global parent's product pipeline, and 31% sales growth over 3 years suggests new product launches are gaining traction in India.
- The stock trades at a trailing P/E of 97.1. That implies annual earnings of only about ₹169 crore against a ₹16,450 crore market cap, leaving little room for mistakes.
- Price-to-book is 18.87 (the listed cons cite 18.6), so the stock trades at a steep premium to its book value.
- TTM profit fell 18% even as sales rose 31%. That gap points to shrinking margins, possibly from product mix, launch costs or pricing pressure.
- The stock returned -26% over one year, far below its 10-year CAGR of 21%. The market has marked it down over the recent earnings trend.
- The dividend yield is just 0.55% despite a 51.4% payout, because the valuation is so high. Income investors get little cash return at the current price.
- Profit grew 15% a year over 3 years, less than half the 31% sales CAGR over the same period. Growth has not been converting well into earnings.
- With a P/E near 97.1, the valuation assumes growth will keep going for a long time. Profit growth has run at only 15-16% over 3-5 years, which makes the gap between price and earnings a risk.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ROC fine for filing delay Sep 18
The Registrar of Companies fined AstraZeneca Pharma India ₹2.38 lakh for filing Form MR-2 late. The form covered Dr. Sanjeev Kumar Panchal's 2023 appointment as Managing Director. The amount is immaterial, but it points to a gap in compliance processes.
- Medical Affairs Director resigns Sep 15
Dr. Sandeep Arora resigned as Director – Medical Affairs, effective September 15, 2026, and the company is looking for a replacement. It is a senior functional role, but there is no sign of wider leadership turnover.
- Crisil ESG score of 64 Sep 2
Crisil ESG Ratings gave AstraZeneca Pharma India an ESG score of 64 for FY26. The score uses public data only, and Crisil was not engaged by the company.
TL;DR: The news flow has little effect on the stock, with no updates on earnings, product launches or regulatory approvals. The one negative is a ₹2.38 lakh ROC penalty for a late filing, which costs very little but reflects a governance lapse. A senior medical affairs exit and an unsolicited Crisil ESG score of 64 don't change the investment case. The trend looks stable, and the next real drivers are likely to be quarterly results, new launches from the parent's pipeline and the appointment of Dr. Arora's successor.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 295 | 311 | 306 | 383 | 388 | 408 | 440 | 480 | 526 | 559 | 612 | 579 | 683 |
| Expenses | 228 | 258 | 291 | 334 | 349 | 355 | 363 | 394 | 445 | 484 | 567 | 518 | 634 |
| Operating Profit | 67 | 53 | 15 | 49 | 38 | 53 | 77 | 86 | 81 | 75 | 45 | 61 | 49 |
| OPM % | 23% | 17% | 4.9% | 13% | 10% | 13% | 17% | 18% | 15% | 13% | 7% | 11% | 7% |
| Other Income | 8 | 25 | 10 | 9 | -49 | 8 | -26 | 10 | 11 | 1 | 7 | 5 | 9 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 18 | 17 | 3 | 4 | 6 | 5 |
| PBT | 71 | 73 | 20 | 54 | -15 | 51 | 42 | 78 | 75 | 73 | 47 | 58 | 51 |
| Tax % | 25% | 29% | 23% | 27% | -22% | 25% | 27% | 26% | 25% | 26% | 30% | 23% | 25% |
| Net Profit | 54 | 52 | 16 | 39 | -12 | 38 | 31 | 58 | 56 | 54 | 33 | 45 | 38 |
| EPS in Rs | 21.54 | 20.95 | 6.32 | 15.79 | -4.72 | 15.37 | 12.34 | 23.3 | 22.33 | 21.69 | 13.04 | 17.95 | 15.17 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 517 | 564 | 544 | 571 | 728 | 832 | 814 | 806 | 1,003 | 1,296 | 1,716 | 2,276 | 2,432 |
| Expenses | 528 | 547 | 506 | 525 | 657 | 711 | 678 | 719 | 838 | 1,111 | 1,462 | 2,014 | 2,202 |
| Operating Profit | -11 | 16 | 37 | 46 | 71 | 121 | 135 | 86 | 165 | 184 | 254 | 262 | 230 |
| OPM % | -2.2% | 2.9% | 7% | 8% | 10% | 15% | 17% | 11% | 16% | 14% | 15% | 12% | 9% |
| Other Income | 6 | 7 | 14 | 12 | 16 | 13 | 13 | 15 | -14 | 51 | -56 | 23 | 21 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 6 |
| Depreciation | 15 | 17 | 16 | 15 | 15 | 19 | 20 | 17 | 16 | 15 | 40 | 29 | 17 |
| PBT | -21 | 6 | 36 | 44 | 73 | 114 | 127 | 83 | 134 | 220 | 156 | 252 | 228 |
| Tax % | 0% | 9% | 44% | 41% | 25% | 37% | 27% | 26% | 26% | 26% | 26% | 26% | — |
| Net Profit | -21 | 5 | 20 | 26 | 54 | 72 | 93 | 62 | 99 | 162 | 116 | 188 | 170 |
| EPS in Rs | -8.34 | 2.1 | 8.02 | 10.36 | 21.78 | 28.88 | 37.32 | 24.64 | 39.72 | 64.6 | 46.3 | 75.01 | 67.85 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 3% | 5% | 41% | 40% | 37% | 69% | 48% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 146 | 151 | 218 | 242 | 296 | 359 | 451 | 506 | 584 | 707 | 765 | 868 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 12 | 12 | 9 | 7 | 5 | 36 | 111 |
| Other Liabilities | 261 | 247 | 193 | 214 | 261 | 330 | 306 | 337 | 389 | 362 | 712 | 1,006 |
| Total Liabilities | 412 | 403 | 415 | 461 | 562 | 706 | 775 | 857 | 985 | 1,078 | 1,518 | 1,989 |
| Fixed Assets | 101 | 97 | 87 | 75 | 75 | 72 | 81 | 74 | 69 | 67 | 64 | 117 |
| CWIP | 12 | 6 | 5 | 4 | 7 | 24 | 4 | 2 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 298 | 299 | 324 | 382 | 480 | 611 | 690 | 780 | 915 | 1,011 | 1,454 | 1,872 |
| Total Assets | 412 | 403 | 415 | 461 | 562 | 706 | 775 | 857 | 985 | 1,078 | 1,518 | 1,989 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -46 | 57 | 38 | 9 | 55 | 87 | 105 | 101 | 58 | 28 | 65 | -15 |
| Investing | -19 | -4 | 0 | -9 | 4 | -171 | 173 | 5 | 18 | 22 | 31 | 19 |
| Financing | 0 | -1 | 0 | 0 | 0 | -6 | -9 | -9 | -24 | -44 | -66 | -92 |
| Net Cash Flow | -64 | 53 | 38 | -1 | 59 | -90 | 269 | 96 | 52 | 5 | 31 | -88 |
| Free Cash Flow | -69 | 48 | 33 | 3 | 37 | 74 | 99 | 94 | 53 | 18 | 64 | -18 |
| CFO/OP | 393 | 365 | 133 | 28 | 126 | 100 | 101 | 146 | 60 | 46 | 51 | 26 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 54 | 29 | 35 | 40 | 37 | 38 | 39 | 39 | 43 | 39 | 34 |
| Inventory Days | 157 | 141 | 121 | 229 | 186 | 197 | 198 | 164 | 193 | 140 | 208 | 272 |
| Days Payable | 203 | 174 | 184 | 257 | 266 | 251 | 221 | 223 | 231 | 121 | 173 | 207 |
| Cash Conversion Cycle | -16 | 21 | -34 | 7 | -39 | -17 | 15 | -20 | 1 | 62 | 74 | 99 |
| Working Capital Days | -15 | -28 | -36 | -8 | -14 | -16 | -17 | -34 | -18 | 20 | 22 | 50 |
| ROCE % | -13% | 4% | 15% | 19% | 27% | 34% | 30% | 16% | 31% | 31% | 33% | 29% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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61 extracted metrics + investor summaries across FY10–FY27.
Documents
Frequently Asked Questions about AstraZeneca Pharma
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Company Information
AstraZeneca Pharma India Ltd is engaged in the business of manufacture, distribution and marketing of pharmaceutical products.[1]
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