Aurobindo Pharma Ltd
Aurobindo Pharma Ltd
Healthcare F&OKey Fundamentals
MidcapPharmaceuticalsHealthcareInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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57 extracted metrics + investor summaries across FY07–FY26.
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Technical Indicators
Key Insights
Weaknesses
3- 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 ₹96,520 crore with a PE of 26.1x. The stock has delivered a strong 55% return over the past year, though underlying sales growth has been modest at 6% CAGR over five years. Return on equity remains subdued at around 10-11% over recent years.
- Stock has delivered 55% returns over the past 1 year, significantly outperforming broader markets
- Compounded profit growth of 23% over 3 years indicates meaningful earnings recovery
- TTM profit growth at 11% shows continued earnings momentum on a higher base
- 3-year stock CAGR of 24% reflects sustained re-rating by the market
- 10-year compounded sales growth of 9% demonstrates consistent long-term revenue scaling
- 10-year ROE average of 14% suggests the business has historically generated reasonable returns on capital
- TTM sales growth of 9% is an improvement over the 5-year CAGR of 6%, indicating acceleration in revenue trajectory
- 5-year compounded sales growth of just 6% reflects sluggish top-line expansion for a pharma company of this scale
- 3-year ROE of only 11% and last year ROE of 10% are below cost of equity for most investors
- Stock trades at 2.55x book value despite delivering sub-par return on equity of 10-11%
- 5-year compounded profit growth of only 1% shows near-zero earnings expansion over a half-decade period
- Dividend yield of just 0.24% provides negligible income return to shareholders
- PE of 26.1x is elevated given the modest single-digit sales growth profile
- Potential capitalization of interest costs may overstate reported profits and asset values
- 10-year stock CAGR of only 8% suggests prolonged periods of underperformance despite recent rally
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Eugia gets US FDA warning letter Aug 14
Eugia Pharma Specialities received a US FDA warning letter. Unit accounts for ~2% of Aurobindo's total revenue; current US supplies remain unaffected but regulatory overhang persists.
- Q1FY27 profit surges 25% YoY Aug 5
Aurobindo reported Q1FY27 net profit of ₹1,033 crore, up 25-32% YoY, driven by 16.3% revenue growth to ₹91,503.5 million and strong US performance.
- HIV drug license with MSD Jul 24
Aurobindo signed a royalty-free voluntary license with MSD to supply generic alimtravir to 129 low- and middle-income countries, a first in pre-phase 3 licensing for HIV prevention.
- A1 Biochem 80% stake acquisition Jul 23
Subsidiary Apitoria Pharma approved acquisition of 80% stake in A1 Biochem Group for USD 17 million to build a CRDMO platform.
- Brazil ANVISA facility approval Jul 21
CuraTeQ Biologics received ANVISA approval for its Hyderabad biosimilar manufacturing facility, opening access to Brazil and Latin America markets.
- FY26 revenue up, Europe surges 23% Aug 3
FY26 standalone revenue rose 2.2% to ₹111,717 crore with net profit up 0.5%. Europe revenue surged 23.4%, offsetting a 2.7% US decline; EBITDA margins held above 20%.
- Eugia $500M FY27 revenue target Aug 6
Management set a $500 million revenue target for Eugia by FY27, signalling confidence in the injectable business segment's growth trajectory.
- Auropharm Overseas subsidiary set up Aug 13
Aurobindo incorporated wholly owned subsidiary Auropharm Overseas Limited in India for domestic and foreign manufacturing and marketing operations.
- 39th AGM scheduled Aug 27 Jul 29
Annual General Meeting set for August 27, 2026 via video conferencing. Share transfer books closed August 26-27.
- Nuvama India Conference attendance Aug 6
Aurobindo officials will participate in Nuvama India Conference 2026, August 11-13, with meetings in Singapore and Hong Kong.
- FY26 BRSR report filed Aug 3
Aurobindo submitted its Business Responsibility & Sustainability Report for FY26 detailing ESG metrics and renewable energy progress under SEBI regulations.
TL;DR: Aurobindo Pharma is delivering strong earnings growth with Q1FY27 profit up 25% YoY, supported by robust US performance and European expansion. Strategic moves into biosimilars (Brazil approval), CRDMO (A1 Biochem acquisition), and HIV generics (MSD deal) diversify its growth levers. The FDA warning letter on Eugia is a contained risk at ~2% of revenue but warrants monitoring. The trend is improving with earnings momentum, geographic diversification, and pipeline expansion outweighing the limited regulatory headwind.
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
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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)