MANKINDHealthcare

Mankind Pharma Limited

Pharmaceuticals · ISIN INE634S01028 · BSE 543904 · NSE EQ · FV ₹1
Last price
₹2,538
+2.54%today
What this company does

Mankind Pharma Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹4,338 cr of revenue in its latest quarter (Q2 FY27) and kept 16.4% of sales as profit. It is the 8th largest of 9 Pharmaceuticals companies we track, by market value.

65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 80–153 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)
57

At close. Not part of the score.

Profitability & returns69

How much profit it earns on the money it employs

Balance sheet40

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

Valuation42

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
Looks broadly healthyPriced in line with peers ↓
Strengths
✓ Makes a profit
✓ Strong 16% net margin
✓ Sales up 17% vs last year
✓ Profit up 39% vs last year
✓ Promoters hold 73%
✓ No promoter shares pledged
✓ Strong 16% return on equity
✓ 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 We do not publish price targets or predict returns.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
₹2,538▲ +2.54%
latest close · 2026-11-04
52-wk low ₹2,19674 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 ratio36.8High
LowAverageHigh
P/B ratio5.96High
Below bookModerateHigh
EV / EBITDA21.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.2%Strong
WeakFairStrong ▸15%
Return on capital17.9%Strong
WeakFairStrong
Net margin16.4%Strong
ThinDecentStrong
EBITDA margin29.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.30Comfortable
LowModerateHigh ▸1
Interest cover9.8×Strong
RiskyOkayStrong ▸5×
Current ratio1.37Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1.05 L cr
Book value
₹426
EPS
₹17.23
latest quarter
Net debt
₹4,308 cr
owes more than its cash
Enterprise value
₹1.09 L cr
EBITDA
₹5,064 cr
annualised
EBIT
₹4,121 cr
annualised
Operating margin
23.8%
Return on assets
9.8%
Earnings yield
2.72%
P/S
6.04
Sales / share
₹420.1
Tax rate
23.0%
Face value
₹1
Shares
41.3 cr
Working capital
₹2,184 cr
Current assets
₹8,069 cr
Current liabilities
₹5,885 cr
Delivery %
56.4%
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 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹690–₹1,284, midpoint ₹987

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 · Q2 FY27 (consolidated)
Revenue from Operations₹4,338 cr
Other Income₹95 cr
Total Income₹4,433 cr
Cost of Materials₹675 cr
Purchases of Stock-in-Trade₹548 cr
Inventory Change (±)₹-18 cr
Employee Benefit Expense₹949 cr
Finance Costs₹105 cr
Depreciation & Amortisation₹236 cr
Other Expenses₹1,013 cr
Total Expenses₹3,507 cr
Profit before Tax₹925 cr
Tax Expense₹213 cr
Share of JV / Associates₹4 cr
Net Profit₹716 cr
Net margin on total income16.2%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹1,204 cr27.1%
Employee benefit expense₹949 cr21.4%
Finance costs₹105 cr2.4%
Depreciation & amortisation₹236 cr5.3%
Other expenses₹1,013 cr22.8%
Tax expense₹213 cr4.8%
Profit for the period₹716 cr16.1%
Total income ₹4,433 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue3,443 cr4,031 cr4,338 cr
Total income3,557 cr4,076 cr4,433 cr
Expenses2,878 cr3,310 cr3,507 cr
Profit before tax656 cr766 cr925 cr
Tax100 cr195 cr213 cr
Net profit (owners' share)554 cr574 cr711 cr
Net margin (owners' share, on revenue)16.1%14.2%16.4%
EPS (₹)13.4413.7617.23
YoY (latest quarter): total income +17.0% · net profit +39.1%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹28,954 cr
Shareholder equity
₹17,582 cr
parent shareholders
Total debt
₹5,422 cr
Cash
₹1,114 cr
Cash flow · H1 FY27
Operating
₹1,819 cr
Investing
₹22 cr
Financing
₹-1,119 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,770₹4.25 L cr53.3
Divi's Laboratories Limited₹10,064₹2.67 L cr74.1
Torrent Pharmaceuticals Limited₹4,650₹1.77 L cr82.7
Laurus Labs Limited₹2,323₹1.26 L cr71.1
Zydus Lifesciences Limited₹1,241₹1.24 L cr33.2
Dr. Reddy's Laboratories Limited₹1,368₹1.14 L cr30.8
Cipla Limited₹1,397₹1.13 L cr32.2
Mankind Pharma Limitedthis company₹2,475₹1.02 L cr35.9
Aurobindo Pharma Limited₹1,695₹97,502 cr23.7
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 · 2026-09-30
No pledge
Promoter
72.6%
FII / Foreign
9.4%
DII / Domestic
15.6%
Retail / others
2.4%
Promoter stake down 2.3% 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— · NSE228 Oct 26
short— · NSE2,91527 Oct 26
short— · NSE1026 Oct 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.

Postal ballot · 17 Sep 2026
See the official result
1
Appointment of Mr. Anish Vanraj Bafna (DIN: 02925792) as a Non-Executive Independent Director
Backed by 100% of shareholders other than promotersneeded 75%
9.61 cr votes for, 1.48 L 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 — 92 named members
owning 72.6% between them · as of 2026-09-30
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.