Pfizer Ltd
Pfizer Ltd
HealthcareKey Fundamentals
SmallcapPharmaceuticalsHealthcareInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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39 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 58.3%
Weaknesses
1- The company has delivered a poor sales growth of 2.39% over past five years.
Growth Rate
AI Analysis — Bull vs Bear
Pfizer Ltd is an almost debt-free MNC pharma company with a market cap of ~₹22,874 Cr trading at a PE of ~31x. After two years of revenue decline (FY23: -7%, FY24: -10%), the company returned to growth with FY25 revenue of ₹2,281 Cr (+4%) and FY26 revenue of ₹2,520 Cr (+10.5%). Profit compounding at 10% over 10 years and a consistent 58% dividend payout provide stability, but sluggish 5-year sales CAGR of just 2% and stock returns of -3% over 5 years highlight limited growth momentum.
- Virtually debt-free balance sheet provides financial resilience and flexibility for future investments
- FY26 revenue grew 10.5% YoY to ₹2,520 Cr, marking a clear recovery after two consecutive years of decline
- Consistent dividend payout ratio of 58.3% with FY26 final dividend of ₹75/share, translating to a yield of ~1.5%
- 10-year compounded profit growth of 10% demonstrates long-term earnings consistency
- EBITDA margin improved to 32.4% in FY25 from 29% in FY24, indicating operating leverage and cost discipline
- ROE sustained at 16-18% over 3, 5, and 10-year periods reflects efficient capital allocation for a debt-free company
- Backed by global parent Pfizer Inc., providing access to a pipeline of patented molecules and R&D without significant local spending
- TTM sales growth of 11% and TTM profit growth of 14% indicate the recent growth trajectory is accelerating
- 5-year compounded sales CAGR of only 2% signals structurally low top-line growth versus domestic pharma peers
- PE of ~31x is expensive for a company growing revenue at low single digits over extended periods; 10-year mean PE is 31.6x offering no valuation cushion
- 5-year stock CAGR of -3% shows the stock has destroyed value for medium-term investors despite underlying profit growth
- Q4 FY26 net profit fell 39.6% YoY to ₹200 Cr, indicating earnings volatility and quarter-to-quarter lumpiness
- FY25 full-year net profit of ₹722 Cr declined ~5.9% YoY in FY26 on an annual basis, showing profit growth is inconsistent
- Revenue declined in both FY23 (-7.1%) and FY24 (-9.6%) largely due to tapering of COVID-related products, exposing base-business growth weakness
- Limited product launches and dependence on parent company's pipeline decisions constrains independent growth levers in India
- Market cap of ₹22,874 Cr with a PB of 5.46x leaves limited margin of safety if earnings disappoint
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q2 EPS beats by 12% Aug 4
Pfizer reported Q2 adjusted EPS of $0.77 vs $0.69 estimate, an 11.59% beat. Sales rose 2.3% YoY to $15.03B.
- ₹75 dividend at 75th AGM Jul 28
Pfizer Limited approved ₹75 per share dividend for FY26 at its 75th AGM on July 28, 2026.
- Q1 EBITDA margin expands to 37.9% Jul 28
Q1 revenue rose to ₹6.5B from ₹6B YoY. EBITDA margin expanded to 37.9% from 34.83%, with net profit up to ₹2.04B from ₹1.9B.
- RFID meds partnership with Bluesight Jul 22
Pfizer partnered with Bluesight for source-tagged RFID medications under SmartDose, launching H2 2026.
- CFO Amit Agarwal resigns Oct 8 Jul 27
CFO Amit Agarwal will step down as Executive Director and Board member on October 8, 2026, to pursue an external opportunity.
TL;DR: Pfizer Ltd is delivering solid financial performance with expanding EBITDA margins, earnings beats, and a generous ₹75 dividend reflecting confidence in cash flows. The RFID partnership signals innovation in drug delivery tracking. The CFO departure is a watch item but not yet a concern. With no material headwinds and broad-based YoY growth, the near-term trend is positive, though leadership transition warrants monitoring.
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 | 531 | 575 | 540 | 547 | 563 | 589 | 538 | 592 | 603 | 642 | 645 | 629 | 653 |
| Expenses | 421 | 393 | 387 | 357 | 385 | 399 | 392 | 364 | 393 | 412 | 417 | 393 | 406 |
| Operating Profit | 111 | 183 | 153 | 189 | 177 | 189 | 146 | 228 | 210 | 230 | 228 | 236 | 248 |
| OPM % | 21% | 32% | 28% | 35% | 32% | 32% | 27% | 38% | 35% | 36% | 35% | 38% | 38% |
| Other Income | 33 | 36 | 44 | 75 | 42 | 43 | 43 | 217 | 67 | 42 | -20 | 50 | 45 |
| Interest | 3 | 3 | 3 | 7 | 2 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 1 |
| Depreciation | 16 | 15 | 18 | 14 | 15 | 15 | 15 | 16 | 14 | 14 | 14 | 15 | 14 |
| PBT | 126 | 201 | 176 | 244 | 203 | 215 | 172 | 426 | 260 | 255 | 192 | 269 | 277 |
| Tax % | 26% | 26% | 26% | 27% | 26% | 26% | 26% | 22% | 26% | 26% | 26% | 26% | 26% |
| Net Profit | 94 | 149 | 130 | 179 | 151 | 158 | 128 | 331 | 192 | 189 | 142 | 200 | 204 |
| EPS in Rs | 20.44 | 32.56 | 28.41 | 39.1 | 32.94 | 34.61 | 27.89 | 72.34 | 41.91 | 41.32 | 31 | 43.68 | 44.7 |
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 | 1,853 | 2,012 | 1,966 | 1,969 | 2,082 | 2,152 | 2,239 | 2,611 | 2,425 | 2,193 | 2,281 | 2,520 | 2,570 |
| Expenses | 1,438 | 1,579 | 1,616 | 1,468 | 1,516 | 1,578 | 1,526 | 1,775 | 1,616 | 1,555 | 1,540 | 1,615 | 1,628 |
| Operating Profit | 414 | 433 | 350 | 501 | 566 | 574 | 712 | 836 | 809 | 638 | 742 | 904 | 942 |
| OPM % | 22% | 22% | 18% | 25% | 27% | 27% | 32% | 32% | 33% | 29% | 33% | 36% | 37% |
| Other Income | 44 | 97 | 232 | 114 | 167 | 183 | 81 | 63 | 134 | 185 | 344 | 139 | 116 |
| Interest | 2 | 1 | 2 | 1 | 2 | 11 | 15 | 11 | 13 | 15 | 8 | 10 | 8 |
| Depreciation | 250 | 58 | 63 | 66 | 71 | 103 | 109 | 115 | 106 | 62 | 61 | 58 | 58 |
| PBT | 207 | 470 | 517 | 548 | 660 | 642 | 669 | 773 | 824 | 746 | 1,016 | 976 | 993 |
| Tax % | 66% | 35% | 35% | 34% | 35% | 21% | 26% | 21% | 24% | 26% | 24% | 26% | — |
| Net Profit | 70 | 305 | 337 | 360 | 429 | 509 | 498 | 613 | 624 | 551 | 768 | 722 | 735 |
| EPS in Rs | 15.26 | 66.67 | 73.62 | 78.71 | 93.79 | 111 | 109 | 134 | 136 | 121 | 168 | 158 | 161 |
| Div. Payout % | 82% | 22% | 27% | 25% | 24% | 297% | 32% | 26% | 29% | 29% | 98% | 48% | — |
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 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| Reserves | 1,927 | 2,118 | 2,373 | 2,637 | 2,966 | 3,350 | 2,347 | 2,819 | 3,162 | 3,550 | 4,172 | 4,157 |
| Borrowings | 2 | 2 | 2 | 2 | 2 | 2 | 63 | 39 | 41 | 40 | 108 | 70 |
| Other Liabilities | 638 | 722 | 840 | 1,004 | 926 | 1,007 | 810 | 997 | 752 | 593 | 585 | 649 |
| Total Liabilities | 2,614 | 2,888 | 3,261 | 3,690 | 3,940 | 4,405 | 3,266 | 3,901 | 4,001 | 4,229 | 4,911 | 4,922 |
| Fixed Assets | 944 | 925 | 902 | 950 | 886 | 973 | 894 | 869 | 749 | 713 | 724 | 678 |
| CWIP | 13 | 3 | 15 | 1 | 0 | 1 | 3 | 1 | 8 | 0 | 8 | 20 |
| Investments | 43 | 37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1,614 | 1,923 | 2,343 | 2,739 | 3,054 | 3,432 | 2,369 | 3,030 | 3,244 | 3,516 | 4,180 | 4,224 |
| Total Assets | 2,614 | 2,888 | 3,261 | 3,690 | 3,940 | 4,405 | 3,266 | 3,901 | 4,001 | 4,229 | 4,911 | 4,922 |
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 | 113 | 345 | 329 | 332 | 98 | 323 | 427 | 667 | 356 | 257 | 660 | 968 |
| Investing | 68 | -701 | -250 | -238 | 35 | 1,530 | -469 | -575 | -36 | 54 | -71 | -562 |
| Financing | -1 | -62 | -83 | -110 | -110 | -164 | -1,571 | -181 | -346 | -235 | -205 | -798 |
| Net Cash Flow | 181 | -417 | -3 | -17 | 23 | 1,690 | -1,613 | -88 | -26 | 75 | 383 | -392 |
| Free Cash Flow | 93 | 398 | 394 | 262 | 125 | 343 | 410 | 654 | 292 | 291 | 783 | 944 |
| CFO/OP | 62 | 120 | 146 | 105 | 59 | 93 | 89 | 107 | 81 | 64 | 110 | 105 |
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 | 32 | 26 | 20 | 29 | 30 | 29 | 18 | 20 | 23 | 31 | 31 | 26 |
| Inventory Days | 191 | 167 | 148 | 147 | 189 | 198 | 199 | 173 | 175 | 200 | 214 | 195 |
| Days Payable | 165 | 157 | 178 | 245 | 213 | 197 | 130 | 102 | 91 | 77 | 68 | 89 |
| Cash Conversion Cycle | 58 | 36 | -10 | -69 | 6 | 31 | 87 | 91 | 107 | 154 | 177 | 132 |
| Working Capital Days | 7 | -9 | -47 | -57 | -16 | -8 | 3 | -14 | 1 | 24 | 23 | 9 |
| ROCE % | 24% | 22% | 17% | 21% | 23% | 20% | 23% | 29% | 26% | 22% | 21% | 24% |
Documents
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Company Information
Pfizer Ltd is engaged in manufacturing, marketing, trading and export of pharmaceutical products. It manufactures products through its own facility and also has various independent contract/ third party manufacturers based across the country and sells its products through independent distributors primarily in India.[1] It is the 3rd largest multinational pharmaceutical company in India.[2]