MANKINDHealthcare

Mankind Pharma Limited

Pharmaceuticals · ISIN INE634S01028 · BSE 543904 · NSE EQ · FV ₹1
Last price
₹2,300
+2.40%today
What this company does

Mankind Pharma Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹4,031 cr of revenue in its latest quarter (Q1 FY27) and kept 14.2% of sales as profit.

57out of 100
Equitytale Health Score
Mixed

Healthier than 57% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 13–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns59

How much profit it earns on the money it employs

Balance sheet32

How much it owes, and whether earnings cover the interest

Cash quality85

Whether reported profit actually arrives as cash

Growth & consistency71

Whether sales and profit have grown, and how steadily

Valuation17

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 13% vs last year
Profit up 31% vs last year
Promoters hold 73%
No promoter shares pledged
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in MANKIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,300 +2.40%
latest close · 2026-09-17
52-wk low ₹2,22242 sessions so far52-wk high ₹2,642
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio41.8High
LowAverageHigh
P/B ratio5.83High
Below bookModerateHigh
EV / EBITDA22.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.1%Fair
WeakFairStrong ▸15%
Return on capital16.2%Strong
WeakFairStrong
Net margin14.2%Decent
ThinDecentStrong
EBITDA margin27.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.38Comfortable
LowModerateHigh ▸1
Interest cover8.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.10Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹94,990 cr
Book value
₹395
EPS
₹13.76
latest quarter
Net debt
₹5,920 cr
owes more than its cash
Enterprise value
₹1.01 L cr
EBITDA
₹4,405 cr
annualised
EBIT
₹3,502 cr
annualised
Operating margin
21.7%
Return on assets
8.2%
Earnings yield
2.39%
P/S
5.89
Sales / share
₹390.4
Tax rate
25.5%
Face value
₹1
Shares
41.3 cr
Working capital
₹632 cr
Current assets
₹7,140 cr
Current liabilities
₹6,507 cr
Delivery %
60.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹942 vs market price ₹2,300 — price is 144% above it
Safety cushion-144.1%(target ≥ +20%)
Models span ₹639₹1,245, midpoint ₹942
Model ₹942
Price ₹2,300
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹4,031 cr
Other Income₹45 cr
Total Income₹4,076 cr
Cost of Materials₹685 cr
Purchases of Stock-in-Trade₹547 cr
Inventory Change (±)₹-134 cr
Employee Benefit Expense₹914 cr
Finance Costs₹110 cr
Depreciation & Amortisation₹226 cr
Other Expenses₹963 cr
Total Expenses₹3,310 cr
Profit before Tax₹766 cr
Tax Expense₹195 cr
Share of JV / Associates₹4 cr
Net Profit₹574 cr
Net margin on total income14.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,098 cr26.9%
Employee benefit expense₹914 cr22.4%
Finance costs₹110 cr2.7%
Depreciation & amortisation₹226 cr5.5%
Other expenses₹963 cr23.6%
Tax expense₹195 cr4.8%
Profit for the period₹574 cr14.1%
Total income ₹4,076 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue3,567 cr3,443 cr4,031 cr
Total income3,640 cr3,557 cr4,076 cr
Expenses3,028 cr2,878 cr3,310 cr
Profit before tax506 cr656 cr766 cr
Tax95 cr100 cr195 cr
Net profit (owners' share)409 cr554 cr574 cr
Net margin (owners' share, on revenue)11.5%16.1%14.2%
EPS (₹)9.9013.4413.76
YoY (latest quarter): total income +11.7% · net profit +31.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹28,080 cr
Shareholder equity
₹16,300 cr
parent shareholders
Total debt
₹6,312 cr
Cash
₹392 cr
Cash flow · H1 FY26
Operating
₹1,637 cr
Investing
₹-1,168 cr
Financing
₹-549 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,867₹4.48 L cr38.6
Divi's Laboratories Limited₹9,323₹2.47 L cr68.7
Torrent Pharmaceuticals Limited₹4,875₹1.65 L cr82.0
Zydus Lifesciences Limited₹1,135₹1.13 L cr30.4
Cipla Limited₹1,376₹1.11 L cr35.2
Laurus Labs Limited₹1,948₹1.05 L cr71.5
Dr. Reddy's Laboratories Limited₹1,175₹98,113 cr55.1
Aurobindo Pharma Limited₹1,690₹97,243 cr23.7
Lupin Limited₹2,098₹95,936 cr16.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 8 Aug 2025
ActionDetailEx-date
Dividend₹1 / share8 Aug 2025
Who owns it · 2026-06-30
No pledge
Promoter
72.6%
FII / Foreign
9.4%
DII / Domestic
15.4%
Retail / others
2.5%
Promoter stake down 3.9% over the last 12 quarters.
Smart-money activity
Insider trades
SoldPuja Juneja · Promoter Group22.71 L · ₹478.6 cr8 Feb 24
SoldArjun Juneja · Promoter Group24.01 L · ₹506.0 cr8 Feb 24
SoldPuja Juneja · Promoter Group22.71 L · ₹478.6 cr8 Feb 24
Bulk / block deals
short · NSE3026 Aug 26
short · NSE10018 Aug 26
short · NSE111 Aug 26
Stake changes
SoldBeige Limited, Link Investment Trust→ 3.01% · 1.80 cr12 Dec 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 7 Aug 2025
See the official result
1
1. To receive, consider and adopt: - a. the Standalone Audited Financial Statements of the Company for the financial year ended March 31, 2025 and the Report of the Board of Directors and Auditors thereon. b. the Consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2025 and the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
9.28 cr votes for, 1.10 L against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Sheetal Arora (DIN: 00704292), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 99% of shareholders other than promotersneeded 50%
9.17 cr votes for, 12.06 L against · 1% of mutual funds and other big investors said no
3
To appoint M/s. Amit Gupta & Associates, Company Secretaries as Secretarial Auditors of the Company.
Backed by 99% of shareholders other than promotersneeded 50%
9.23 cr votes for, 6.35 L against · 1% of mutual funds and other big investors said no
4
To ratify Remuneration of Cost Auditors of the Company for the FY 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
9.29 cr votes for, 277 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 89 named members
owning 72.6% between them · as of 2026-06-30
Ramesh Juneja Family Trust (Held in the name of Ramesh Juneja, Managing Trustee)20.18%
Rajeev Juneja Family Trust (Held in the name of Rajeev Juneja, Managing Trustee)19.35%
Prem Sheetal Family Trust (Held in the name of Arora Family Private Limited, Trustee)14.95%
SHEETAL ARORA4.67%
PUJA JUNEJA2.79%
POONAM JUNEJA2.56%
ARJUN JUNEJA1.97%
RAMESH JUNEJA1.66%
Business done with them
FY2026 · 21 of the group
The company paid ₹148 cr to companies in the promoter group last year — about 1.0% of its ₹14,278 cr revenue and received ₹76 L back from them.
Om Sai Pharma Pack
Bought goods from them · Sale of products, Purchase of traded goods (net), Purchase of raw material and other components
₹74 cr
company paid
A To Z Packers
Bought goods from them · Purchase of traded goods (net), Purchase of raw material and other components, Services received, Interest expense
₹22 cr
company paid
Appian Multiventures Private Limited (formerly known as Mankind Biosys Private Limited)
Other payments to them · Interest expense
₹18 cr
company paid
Prem Kumar Arora
Other payments to them · Reimbursement of expenses paid, Remuneration paid
₹9 cr
company paid
Teen Murti Products Private Limited
Paid them for services · Services received, Rental income
₹8 cr
company paid
Sheetal Arora
Other payments to them · Reimbursement of expenses paid, Dividend paid
also owns 4.67% of the company
₹2 cr
company paid
Appian Associates Infrastructure Private Limited
Other payments to them · Interest expense
₹2 cr
company paid
Gyan Infrastructure Company Private Limited
Other payments to them · Interest expense
₹2 cr
company paid
Pathkind Diagnostics Private Limited
Paid them for services · Sale of services, Purchase of raw material and other components, Services received, Rental income
₹1 cr
company paid
Paonta Process Equipments
Bought property or assets from them · Purchase of traded goods (net), Purchase of raw material and other components, Purchase of property, plant and equipment, Services received
₹1 cr
company paid
Casablanca Lifesciences LLP
Other payments to them · Security deposits given, Rent expense, Reimbursement of expenses paid
₹1 cr
company paid
Puja Juneja
Other payments to them · Dividend paid
also owns 2.79% of the company
₹1 cr
company paid
Poonam Juneja
Other payments to them · Dividend paid
also owns 2.56% of the company
₹1 cr
company paid
Arjun Juneja
Other payments to them · Reimbursement of expenses paid, Dividend paid
also owns 1.97% of the company
₹84 L
company paid
Chanakya Juneja
Other payments to them · Reimbursement of expenses paid, Remuneration paid
also owns 0.94% of the company
₹77 L
company paid
ALANKRIT HANDICRAFTS PVT LTD
Other payments to them · Rent expense
₹75 L
company paid
Rajeev Juneja
Other payments to them · Services Received
also owns 1.57% of the company
₹74 L
company paid
Ramesh Juneja
Other payments to them · Dividend paid
also owns 1.66% of the company
₹69 L
company paid
Teen Murti Products Private Limited
Other income from them · Services received, Rental income
₹65 L
company received
A To Z Packers
Other payments to them · Purchase of traded goods (net), Purchase of raw material and other components, Services received, Interest expense
₹41 L
company paid
Eklavya Juneja
Other payments to them · Dividend paid
also owns 0.94% of the company
₹39 L
company paid
Mishka Arora
Other payments to them · Dividend paid
also owns 0.72% of the company
₹30 L
company paid
Casablanca Lifesciences LLP
Transfers Under Finance Agreements To Entity · Security deposits given, Rent expense, Reimbursement of expenses paid
₹23 L
company paid
Paonta Process Equipments
Paid them for services · Purchase of traded goods (net), Purchase of raw material and other components, Purchase of property, plant and equipment, Services received
₹23 L
company paid
Paonta Process Equipments
Bought goods from them · Purchase of traded goods (net), Purchase of raw material and other components, Purchase of property, plant and equipment, Services received
₹14 L
company paid
Ria Chopra Juneja
Other payments to them · Dividend paid
also owns 0.31% of the company
₹13 L
company paid
Pathkind Diagnostics Private Limited
Provided services to them · Sale of services, Purchase of raw material and other components, Services received, Rental income
₹5 L
company received
Pathkind Diagnostics Private Limited
Bought goods from them · Sale of services, Purchase of raw material and other components, Services received, Rental income
₹4 L
company paid
Pathkind Diagnostics Private Limited
Other income from them · Sale of services, Purchase of raw material and other components, Services received, Rental income
₹3 L
company received
A To Z Packers
Paid them for services · Purchase of traded goods (net), Purchase of raw material and other components, Services received, Interest expense
₹3 L
company paid
Om Sai Pharma Pack
Sold property or assets to them · Sale of products, Purchase of traded goods (net), Purchase of raw material and other components
₹3 L
company received

The company also transacted with 23 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹3,000 cr raised in Dec 2024 by selling shares to large investors

As of Jun 2025, the company says it has spent 100% of what it set aside. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.

Repayment of Commercial Paper Series I
spent more than set aside
100%
₹2,900 cr of ₹2,900 cr
General Corporate Purposes
100%
₹55 cr of ₹55 cr
Issue expenses
100%
₹45 cr of ₹45 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.