Aurobindo Pharma Ltd
Aurobindo Pharma Ltd
Healthcare F&OKey Fundamentals
MidcapPharmaceuticalsHealthcareInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Aurobindo Pharma Ltd insights
57 extracted metrics + investor summaries across FY07–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
4- Stock is trading at 2.54 times its book value
- The company has delivered a poor sales growth of 6.32% over past five years.
- Company has a low return on equity of 10.8% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
AI Analysis — Bull vs Bear
Aurobindo Pharma trades at a market cap of ~₹90,599 crore with a P/E of 26.3x. FY25 revenue grew 9.4% YoY to ₹31,724 crore and net profit rose ~10% to ₹3,484 crore, though the 5-year sales CAGR remains modest at 6% and 3-year ROE averages only 11%.
- FY25 revenue grew 9.4% YoY to ₹31,724 crore and net profit increased ~10% to ₹3,484 crore, showing improving execution after a period of stagnation
- 3-year compounded profit growth of 23% indicates a meaningful earnings recovery cycle from the FY20-FY22 trough
- Stock has delivered a 1-year return of 49% and 3-year CAGR of 24%, reflecting market re-rating of the business
- Penicillin-G facility at Kakinada targeting 10,000-15,000 metric tonnes capacity provides backward integration and reduces China API dependency under the government PLI scheme
- US injectables revenue target of $1 billion annually by FY26, supported by new New Jersey facility and expanded Vizag capacity, diversifies away from commoditized oral generics
- Biosimilar portfolio expansion in Europe through new distribution deals opens a higher-margin growth avenue beyond traditional generics
- Debt-to-equity at approximately 0.20-0.23x (₹4,647 crore debt vs ₹20,534 crore net worth in FY25) remains conservative for a pharma company undertaking multiple capacity expansions
- 5-year compounded sales growth of just 6% and 5-year profit CAGR of only 1% show prolonged top-line and bottom-line stagnation over a medium-term horizon
- 3-year average ROE of only 11% and last-year ROE of 10% are below the 15%+ levels typically expected from quality pharma compounders
- Q4 FY25 net profit dipped marginally to ₹903 crore vs ₹907 crore YoY, signalling sequential growth fatigue despite revenue increase
- Recurring US FDA observations — 11 procedural observations at one unit and 3 at Pydibhimavaram facility, plus subsidiary Eugia Steriles receiving 5 observations — pose ongoing regulatory risk to US revenues
- Debt rose from ₹2,861 crore in FY24 to ₹4,647 crore in FY25 (a 62% increase) while ROCE remains subdued, raising questions about capital allocation efficiency
- Possible capitalization of interest costs may be flattering reported profitability, making true operating earnings lower than stated
- TTM revenue growth has decelerated to 6% and TTM profit growth to just 2%, suggesting the earnings recovery may be losing momentum
- Dividend yield of only 0.25% offers minimal income return for a stock trading at 26.3x earnings, with P/B at 2.43x against sub-par return ratios
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1 profit surges 25% YoY Aug 5
Consolidated net profit rose 25.2% YoY to ₹10,320 million for Q1FY26/Q1FY27, with revenue up 16.3% to ₹91,504 million driven by strong US performance and the Lannett acquisition.
- HIV drug license with MSD Jul 24
Signed royalty-free voluntary license with MSD to supply generic alimtravir to 129 low- and middle-income countries, a first-of-its-kind pre-phase 3 licensing deal for HIV prevention.
- CuraTeQ gets Brazil ANVISA nod Jul 21
Wholly owned subsidiary CuraTeQ Biologics received ANVISA approval for its Hyderabad biosimilar manufacturing facility, opening access to Brazil and Latin America markets.
- A1 Biochem 80% stake acquired Jul 23
Subsidiary Apitoria Pharma approved acquisition of 80% stake in A1 Biochem Group for USD 17 million to build a CRDMO platform.
- Eugia targets $500M by FY27 Aug 6
Management set a $500 million revenue target for injectable subsidiary Eugia by FY27, signaling confidence in growth of the high-value injectables segment.
- Europe revenue surges 23.4% Aug 3
FY26 standalone results show Europe revenue up 23.4% YoY, helping offset a 2.7% decline in US revenue. EBITDA margins held above 20%.
- FY26 revenue up modest 2.2% Aug 3
FY26 standalone revenue grew just 2.2% to ₹111,717 crore with net profit up only 0.5% to ₹35,030 crore, indicating a softer full-year despite strong quarterly results.
- Indonesia subsidiary incorporated Jul 10
Subsidiary incorporated PT Auro Pharm Indonesia for manufacturing operations with initial capital of IDR 20 billion, expanding emerging market footprint.
- 39th AGM set for Aug 27 Jul 29
Annual General Meeting scheduled for August 27, 2026 via video conferencing. Share transfer books closed August 26-27.
- BRSR report filed for FY26 Aug 3
Submitted Business Responsibility & Sustainability Report for FY26 detailing ESG metrics and renewable energy progress under SEBI regulations.
- Nuvama Conference participation Aug 6
Officials will attend Nuvama India Conference 2026 from August 11-13 in Singapore and Hong Kong for investor meetings.
TL;DR: Aurobindo Pharma is delivering strong quarterly profit growth (25% YoY in Q1) powered by the US market and the Lannett acquisition, while actively expanding its pipeline through biosimilar approvals, CRDMO acquisitions, and the HIV licensing deal with MSD. Full-year standalone growth was modest at 2.2%, and US revenue dipped slightly, but Europe picked up the slack. No material headwinds are visible in recent news flow, and the trend is improving with multiple growth levers — Eugia injectables, biosimilars, and geographic expansion — pointing to continued momentum.
Quarterly Results
| 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 | 6,851 | 7,219 | 7,352 | 7,580 | 7,567 | 7,796 | 7,979 | 8,382 | 7,868 | 8,286 | 8,646 | 8,853 | 9,150 |
| Expenses | 5,702 | 5,846 | 5,753 | 5,920 | 5,949 | 6,230 | 6,401 | 6,622 | 6,265 | 6,608 | 6,873 | 7,103 | 7,271 |
| Operating Profit | 1,149 | 1,373 | 1,599 | 1,660 | 1,618 | 1,566 | 1,578 | 1,760 | 1,603 | 1,678 | 1,773 | 1,750 | 1,880 |
| OPM % | 17% | 19% | 22% | 22% | 21% | 20% | 20% | 21% | 20% | 20% | 21% | 20% | 21% |
| Other Income | 47 | 188 | 163 | 14 | 221 | 136 | 159 | 135 | 107 | 122 | 123 | 117 | 224 |
| Interest | 57 | 68 | 76 | 89 | 111 | 113 | 118 | 115 | 98 | 95 | 93 | 98 | 102 |
| Depreciation | 327 | 418 | 423 | 354 | 404 | 382 | 419 | 444 | 406 | 429 | 465 | 479 | 487 |
| PBT | 812 | 1,076 | 1,262 | 1,230 | 1,324 | 1,207 | 1,200 | 1,335 | 1,207 | 1,276 | 1,339 | 1,291 | 1,515 |
| Tax % | 30% | 30% | 26% | 26% | 31% | 32% | 30% | 32% | 32% | 34% | 32% | 29% | 32% |
| Net Profit | 570 | 752 | 940 | 907 | 918 | 817 | 846 | 903 | 824 | 848 | 910 | 921 | 1,032 |
| EPS in Rs | 9.74 | 12.92 | 15.98 | 15.51 | 15.69 | 14.07 | 14.56 | 15.56 | 14.2 | 14.61 | 15.67 | 15.86 | 17.78 |
Profit & Loss
| 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 | 12,103 | 13,772 | 14,910 | 16,463 | 19,564 | 23,099 | 24,775 | 23,455 | 24,855 | 29,002 | 31,724 | 33,653 | 34,935 |
| Expenses | 9,524 | 10,579 | 11,469 | 12,691 | 15,612 | 18,249 | 19,497 | 19,060 | 21,148 | 23,176 | 25,164 | 26,783 | 27,854 |
| Operating Profit | 2,579 | 3,193 | 3,441 | 3,772 | 3,952 | 4,849 | 5,278 | 4,396 | 3,707 | 5,826 | 6,560 | 6,870 | 7,081 |
| OPM % | 21% | 23% | 23% | 23% | 20% | 21% | 21% | 19% | 15% | 20% | 21% | 20% | 20% |
| Other Income | 81 | 200 | 115 | 105 | 70 | 166 | 3,195 | 152 | 291 | 366 | 613 | 404 | 586 |
| Interest | 160 | 257 | 67 | 78 | 263 | 305 | 74 | 49 | 140 | 290 | 457 | 384 | 388 |
| Depreciation | 333 | 392 | 428 | 558 | 668 | 967 | 1,055 | 1,127 | 1,245 | 1,522 | 1,649 | 1,778 | 1,859 |
| PBT | 2,168 | 2,744 | 3,061 | 3,241 | 3,091 | 3,743 | 7,344 | 3,373 | 2,612 | 4,380 | 5,066 | 5,112 | 5,420 |
| Tax % | 28% | 26% | 25% | 25% | 24% | 24% | 27% | 22% | 26% | 28% | 31% | 31% | — |
| Net Profit | 1,571 | 2,024 | 2,301 | 2,423 | 2,364 | 2,844 | 5,334 | 2,647 | 1,928 | 3,169 | 3,484 | 3,503 | 3,711 |
| EPS in Rs | 26.98 | 34.61 | 39.29 | 41.36 | 40.36 | 48.56 | 91.05 | 45.2 | 32.9 | 54.15 | 60.02 | 60.34 | 63.92 |
| Div. Payout % | 8% | 7% | 6% | 6% | 6% | 6% | 4% | 20% | 23% | 8% | 0% | 7% | — |
Balance Sheet
| 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 | 29 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 58 | 58 |
| Reserves | 5,127 | 7,229 | 9,313 | 11,622 | 13,832 | 16,766 | 21,871 | 24,517 | 26,781 | 29,784 | 32,595 | 37,833 |
| Borrowings | 4,451 | 5,041 | 3,364 | 4,770 | 6,967 | 5,826 | 5,339 | 2,851 | 5,286 | 6,648 | 8,263 | 8,073 |
| Other Liabilities | 3,303 | 3,568 | 3,464 | 4,492 | 5,414 | 6,113 | 6,147 | 6,211 | 7,379 | 8,227 | 8,566 | 12,232 |
| Total Liabilities | 12,910 | 15,896 | 16,200 | 20,942 | 26,271 | 28,765 | 33,416 | 33,638 | 39,505 | 44,717 | 49,482 | 58,196 |
| Fixed Assets | 3,706 | 4,180 | 4,834 | 6,521 | 8,475 | 9,396 | 9,374 | 10,532 | 11,024 | 14,493 | 14,794 | 17,407 |
| CWIP | 420 | 848 | 1,458 | 1,583 | 1,668 | 1,986 | 3,062 | 3,747 | 5,390 | 3,869 | 4,900 | 5,214 |
| Investments | 20 | 123 | 246 | 312 | 360 | 555 | 591 | 997 | 543 | 372 | 252 | 1,051 |
| Other Assets | 8,765 | 10,745 | 9,662 | 12,527 | 15,768 | 16,827 | 20,390 | 18,362 | 22,549 | 25,983 | 29,536 | 34,525 |
| Total Assets | 12,910 | 15,896 | 16,200 | 20,942 | 26,271 | 28,765 | 33,416 | 33,638 | 39,505 | 44,717 | 49,482 | 58,196 |
Cash Flow
| 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 | 1,237 | 1,420 | 3,279 | 1,955 | 1,651 | 4,381 | 3,329 | 5,016 | 2,387 | 2,435 | 3,925 | 5,526 |
| Investing | -1,017 | -1,446 | -1,787 | -1,927 | -2,904 | -1,563 | 597 | -3,211 | -3,971 | -4,242 | -1,866 | -2,630 |
| Financing | 93 | 365 | -1,915 | 864 | 1,919 | -1,947 | -1,365 | -2,969 | 1,814 | 800 | 120 | -1,269 |
| Net Cash Flow | 313 | 340 | -424 | 892 | 666 | 871 | 2,561 | -1,164 | 230 | -1,007 | 2,178 | 1,628 |
| Free Cash Flow | 491 | -146 | 1,594 | 714 | 114 | 2,969 | 1,503 | 2,693 | -323 | -1,067 | 1,408 | 2,468 |
| CFO/OP | 67 | 67 | 118 | 70 | 61 | 106 | 87 | 143 | 84 | 72 | 86 | 107 |
Ratios
| 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 | 107 | 122 | 68 | 68 | 64 | 68 | 52 | 62 | 66 | 61 | 66 | 77 |
| Inventory Days | 239 | 240 | 246 | 317 | 304 | 289 | 333 | 272 | 275 | 284 | 295 | 326 |
| Days Payable | 136 | 146 | 122 | 128 | 107 | 97 | 103 | 97 | 125 | 129 | 117 | 151 |
| Cash Conversion Cycle | 210 | 217 | 191 | 257 | 260 | 260 | 282 | 237 | 216 | 216 | 244 | 252 |
| Working Capital Days | 50 | 44 | 51 | 50 | 25 | 35 | 52 | 84 | 55 | 66 | 49 | 44 |
| ROCE % | 27% | 27% | 25% | 23% | 18% | 19% | 18% | 13% | 9% | 14% | 14% | 13% |
Documents
Frequently Asked Questions about Aurobindo Pharma Ltd
What does Aurobindo Pharma Ltd do?
Where is Aurobindo Pharma Ltd (AUROPHARMA) listed?
Which sector does Aurobindo Pharma Ltd belong to?
What is the market capitalisation of Aurobindo Pharma Ltd?
What is the PE ratio of Aurobindo Pharma Ltd?
What is the 52-week high and low of Aurobindo Pharma Ltd?
Does Aurobindo Pharma Ltd pay dividends?
What is the Return on Equity (ROE) of Aurobindo Pharma Ltd?
How can I research Aurobindo Pharma Ltd on Tapetide?
Company Information
Aurobindo Pharma is principally engaged in manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals and related services.(Source : 202003 Annual Report Page No:159)