MARKSANSHealthcare

Marksans Pharma Limited

Pharmaceuticals · ISIN INE750C01026 · BSE 524404 · NSE EQ · FV ₹1
Last price
₹320
+1.03%today
What this company does

Marksans Pharma Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹841 cr of revenue in its latest quarter (Q1 FY27) and kept 18.7% of sales as profit.

The Company is primarily engaged in the business of Expected to be realized or intended to be sold or consumed in normal operating cycle; research, manufacture, marketing and sale of pharmaceutical formulations.
The Company is primarily engaged in the business of research, manufacture, marketing and sale of pharmaceutical formulations.
In the report:
78out of 100
Equitytale Health Score
Solid

Healthier than 78% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 81–150 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)
52

At close. Not part of the score.

Profitability & returns80

How much profit it earns on the money it employs

Balance sheet83

How much it owes, and whether earnings cover the interest

Cash quality69

Whether reported profit actually arrives as cash

Growth & consistency72

Whether sales and profit have grown, and how steadily

Valuation67

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
Strong 19% net margin
Sales up 36% vs last year
Profit up 170% vs last year
Promoters hold 44%
No promoter shares pledged
Strong 21% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in MARKSANS?

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 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, 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 We do not publish price targets or predict returns.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
₹320 +1.03%
latest close · 2026-09-17
1-year return
+345.6%
52-wk low ₹3952-wk high ₹350
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 ratio23.0Average
LowAverageHigh
P/B ratio4.79High
Below bookModerateHigh
EV / EBITDA14.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity20.8%Strong
WeakFairStrong ▸15%
Return on capital25.6%Strong
WeakFairStrong
Net margin18.7%Strong
ThinDecentStrong
EBITDA margin28.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover30.5×Strong
RiskyOkayStrong ▸5×
Current ratio5.17Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹14,488 cr
Book value
₹67
EPS
₹3.47
latest quarter
Net debt
₹-605 cr
more cash than debt
Enterprise value
₹13,883 cr
EBITDA
₹954 cr
annualised
EBIT
₹854 cr
annualised
Operating margin
25.4%
Return on assets
16.3%
Earnings yield
4.34%
P/S
4.31
Sales / share
₹74.2
Tax rate
22.8%
Face value
₹1
Shares
45.3 cr
Working capital
₹2,196 cr
Current assets
₹2,723 cr
Current liabilities
₹527 cr
Delivery %
38.8%
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 FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The models disagree too widely to call this cheap or dear — likely a hard-to-compare or transitioning business.
Models span ₹44₹164, midpoint ₹94

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₹841 cr
Other Income₹25 cr
Total Income₹866 cr
Cost of Materials₹221 cr
Purchases of Stock-in-Trade₹138 cr
Inventory Change (±)₹-16 cr
Employee Benefit Expense₹114 cr
Finance Costs₹7 cr
Depreciation & Amortisation₹25 cr
Other Expenses₹170 cr
Total Expenses₹660 cr
Profit before Tax₹207 cr
Tax Expense₹47 cr
Net Profit₹159 cr
Net margin on total income18.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹343 cr39.7%
Employee benefit expense₹114 cr13.2%
Finance costs₹7 cr0.8%
Depreciation & amortisation₹25 cr2.9%
Other expenses₹170 cr19.6%
Tax expense₹47 cr5.4%
Profit for the period₹159 cr18.4%
Total income ₹866 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue754 cr856 cr841 cr
Total income775 cr891 cr866 cr
Expenses624 cr691 cr660 cr
Profit before tax151 cr200 cr207 cr
Tax37 cr51 cr47 cr
Net profit (owners' share)113 cr148 cr157 cr
Net margin (owners' share, on revenue)15.0%17.3%18.7%
EPS (₹)2.503.273.47
YoY (latest quarter): total income +38.5% · net profit +169.5%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹3,861 cr
Shareholder equity
₹3,023 cr
parent shareholders
Total debt
₹30 cr
Cash
₹634 cr
Cash flow · H1 FY26
Operating
₹75 cr
Investing
₹-36 cr
Financing
₹-53 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
0.28%
trailing 12 months
Dividend / share (TTM)
₹0.9
Last dividend
₹0.9
ex 20 Aug 2026
ActionDetailEx-date
Dividend₹0.9 / share20 Aug 2026
Dividend₹0.8 / share1 Aug 2025
Dividend₹0.6 / share17 Sep 2024
Dividend₹0.5 / share7 Jun 2023
Dividend₹0.25 / share19 Aug 2022
Dividend₹0.25 / share15 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
43.9%
FII / Foreign
17.5%
DII / Domestic
6.2%
Retail / others
32.5%
Smart-money activity
Insider trades
BoughtMerrill Jean Saldanha · Directors Immediate Relative63,27311 Sep 26
BoughtMarise Ann Saldanha · Directors Immediate Relative20,00011 Sep 26
BoughtSchenelle Megan Saldanha · Directors Immediate Relative1.45 L11 Sep 26
Bulk / block deals
short · NSE18 Sep 26
short · NSE13 Sep 26
short · NSE227 Aug 26
Stake changes
SoldOrbiMed Asia IV Mauritius FVCI Limited→ 8.62% · 1.03 cr11 Jun 25
BoughtMrs. Sandra Saldanha alongwith PAC · promoter→ 0.05%14 Mar 23
BoughtMrs. Sandra Saldanha alongwith PAC · promoter→ 0.02% · 75,00027 Feb 23
What shareholders were asked to approve
2 proposals passed only on promoter votes

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 · 27 Aug 2026
See the official result
1
To receive, consider and adopt a) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31 March 2026, comprising of the Audited Standalone Balance Sheet as at 31 March 2026, the Statement of Standalone Profit and Loss and Standalone Cash Flow Statement for the Financial Year 01 April 2025 to 31 March 2026 including its Schedules and the Notes attached thereto and forming part thereof along with the reports of the Board of Directors and the Statutory Auditors thereon and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31 March 2026, comprising of the Audited Consolidated Balance Sheet as at 31 March 2026, the Statement of Consolidated Profit and Loss and Consolidated Cash Flow Statement for the Financial Year 01 April 2025 to 31 March 2026 including its Schedules and the Notes attached thereto and forming part thereof along with the reports of the Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
9.78 cr votes for, 7,427 against · 0% of mutual funds and other big investors said no
2
To declare dividend on equity shares recommended by the Board of Directors at its meeting held on 26 May 2026. The Board of Directors had recommended final dividend of Rs.0.90 (90 percent) per equity share of Re. 1 each face value.
Backed by 99% of shareholders other than promotersneeded 50%
9.84 cr votes for, 5.59 L against · 1% of mutual funds and other big investors said no
3
To appoint a director in place of Dr. Sunny Sharma (DIN:02267273) who retires by rotation and being eligible, offered himself for re-appointment.
Backed by 96% of shareholders other than promotersneeded 50%
9.54 cr votes for, 35.52 L against · 6% of mutual funds and other big investors said no
4
To approve re-appointment of and remuneration payable to Mrs. Sandra Saldanha (DIN: 00021023) as the Whole-time Director of the Company for a period of three (3) years with effect from September 25, 2026.
Backed by 99% of shareholders other than promotersneeded 75%
9.78 cr votes for, 11.50 L against · 2% 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 — 2 named members
owning 43.9% between them · as of 2026-06-30
MARK SALDANHA43.80%
SANDRA SALDANHA0.07%
Business done with them
FY2025 · 2 of the group
The company paid ₹9 cr to companies in the promoter group last year — about 0.4% of its ₹2,623 cr revenue.
Mark Saldanha
Other payments to them · Rent and Remuneration
also owns 43.80% of the company
₹9 cr
company paid
Sandra Saldanha
Other payments to them · Remuneration
also owns 0.07% of the company
₹70.7 L
company paid

The company also transacted with 3 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.

₹372 cr raised in Jan 2023 by selling shares to selected investors

As of Dec 2025, the company says it has spent 100% of what it set aside.

Expansion Programme
100%
₹372 cr of ₹372 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.