WOCKPHARMAHealthcare

Wockhardt Limited

Pharmaceuticals · ISIN INE049B01025 · BSE 532300 · NSE EQ · FV ₹5
Last price
₹1,899
+1.66%today
What this company does

Wockhardt Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹969 cr of revenue in its latest quarter (Q2 FY27) and kept 8.2% of sales as profit.

In the report:
39out of 100
Equitytale Health Score
Strained

Healthier than 39% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 37–153 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)
40

At close. Not part of the score.

Profitability & returns28

How much profit it earns on the money it employs

Balance sheet25

How much it owes, and whether earnings cover the interest

Cash quality78

Whether reported profit actually arrives as cash

Growth & consistency34

Whether sales and profit have grown, and how steadily

Valuation21

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

Governance & risk69

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 24% vs last year
✓ Promoters hold 49%
✓ Turns profit into real cash
Watch-outs
! 10.0% of promoter stake pledged
! Low 6.1% return on equity

What if I invest in WOCKPHARMA?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹1,899▲ +1.66%
latest close · 2026-11-04
1-year return
+286.7%
52-wk low ₹20952-wk high ₹2,360
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 ratio97.9High
LowAverageHigh
P/B ratio5.96High
Below bookModerateHigh
EV / EBITDA44.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.1%Weak
WeakFairStrong ▸15%
Return on capital7.3%Weak
WeakFairStrong
Net margin8.2%Decent
ThinDecentStrong
EBITDA margin19.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.39Comfortable
LowModerateHigh ▸1
Interest cover2.3×Okay
RiskyOkayStrong ▸5×
Current ratio1.55Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹30,764 cr
Book value
₹318
EPS
₹4.85
latest quarter
Net debt
₹1,820 cr
owes more than its cash
Enterprise value
₹32,584 cr
EBITDA
₹736 cr
annualised
EBIT
₹516 cr
annualised
Operating margin
13.3%
Return on assets
3.5%
Earnings yield
1.02%
P/S
7.94
Sales / share
₹239.3
Tax rate
0.0%
Face value
₹5
Shares
16.2 cr
Working capital
₹979 cr
Current assets
₹2,764 cr
Current liabilities
₹1,785 cr
Delivery %
39.9%
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 FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

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₹969 cr
Other Income₹11 cr
Total Income₹980 cr
Cost of Materials₹243 cr
Purchases of Stock-in-Trade₹123 cr
Inventory Change (±)₹-25 cr
Employee Benefit Expense₹201 cr
Finance Costs₹56 cr
Depreciation & Amortisation₹55 cr
Other Expenses₹254 cr
Total Expenses₹907 cr
Profit before Tax₹73 cr
Tax Expense₹0 cr
Net Profit₹73 cr
Net margin on total income7.4%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹341 cr34.8%
Employee benefit expense₹201 cr20.5%
Finance costs₹56 cr5.7%
Depreciation & amortisation₹55 cr5.6%
Other expenses₹254 cr25.9%
Profit for the period₹73 cr7.4%
Total income ₹980 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue965 cr929 cr969 cr
Total income1,010 cr960 cr980 cr
Expenses843 cr844 cr907 cr
Profit before tax189 cr116 cr73 cr
Tax25 cr9 cr0 cr
Net profit (owners' share)166 cr106 cr79 cr
Net margin (owners' share, on revenue)17.2%11.4%8.2%
EPS (₹)10.236.554.85
YoY (latest quarter): total income +22.0% · net profit +1.3%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹8,902 cr
Shareholder equity
₹5,158 cr
parent shareholders
Total debt
₹2,150 cr
Cash
₹330 cr
Cash flow · H1 FY27
Operating
₹237 cr
Investing
₹-2 cr
Financing
₹-123 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 Limited₹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
₹10
ex 17 Nov 2016
ActionDetailEx-date
Rights issue10:38 Mar 2022
Dividend₹10 / share17 Nov 2016
DividendDividend on Preference Shares4 Aug 2016
Dividend₹20 / share13 Nov 2014
Dividend₹5 / share17 Feb 2014
Dividend₹5 / share7 Nov 2013
Who owns it · 2026-09-30
⚑ 10.0% pledged
Promoter
49.3%
FII / Foreign
7.0%
DII / Domestic
9.0%
Retail / others
34.7%
Promoter stake down 2.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMuayyad Khorakiwala · Immediate relative1,80027 Dec 24
SoldThemisto Trustee Company Private Limited · Promoters17.40 L · ₹54.5 cr10 Mar 22
SoldThemisto Trustee Company Private Limited · Promoters52.20 L · ₹177.7 cr25 Feb 22
Bulk / block deals
short— · NSE1026 Oct 26
short— · NSE39 Oct 26
short— · NSE23 Sep 26
Stake changes
OthersCatalyst Trusteeship Limited→ 0.49% · 36.25 L26 Jun 24
SoldRelease of Pledged Equity Shares of Wockhardt Limited by Catalyst Trusteeship Limited acting as Debenture Trustee on behalf of Debenture Holders→ 2.85% · 35.00 L29 Apr 24
SoldCatalyst trusteeship ltd→ 5.45% · 30.00 L21 Feb 24
Promoter pledges
PledgedAnand Rathi Global Finance Ltd1.00 L · 31.23% held23 Dec 21
PledgedStandard Chartered Investments & Loans (India) Lt3.00 L · 31.32% held23 Dec 21
PledgedBadjate Stock Broking Pvt Ltd2.00 L · 31.59% held23 Dec 21
What shareholders were asked to approve
1 proposal 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 · 10 Aug 2026
See the official result
1
Adoption of: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
2.76 cr votes for, 39,841 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Ms. Zahabiya Khorakiwala (DIN: 00102689), who retires from office by rotation and, being eligible, offers herself for re-appointment.
Backed by 66% of shareholders other than promotersneeded 50%
1.83 cr votes for, 93.49 L against · 41% of mutual funds and other big investors said no
3
Ratification of remuneration payable to the Cost Auditors for the Financial Year 2026-27
Backed by 100% of shareholders other than promotersneeded 50%
2.76 cr votes for, 1,376 against · 0% of mutual funds and other big investors said no
4
Revision of the remuneration payable to Dr. Habil Khorakiwala (DIN: 00045608), Executive Chairman
⚑ Passed only because promoters voted yes
Backed by 65% of shareholders other than promotersneeded 75%
1.80 cr votes for, 96.40 L against · 42% 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 — 14 named members
owning 48.1% between them · as of 2026-09-30
Themisto Trustee Company Private Limited40.39%
Pasithee Trustee Company Private Limited2.72%
Ananke Trustee Company Private Limited2.35%
Callirhoe Trustee Company Private Limited1.92%
Habil F Khorakiwala0.37%
Murtaza Habil Khorakiwala0.18%
Huzaifa Habil Khorakiwala0.17%
Dartmour Holdings Private Limitedno shares
Business done with them
FY2026 · 7 of the group
The company paid ₹493 cr to companies in the promoter group last year — about 14.6% of its ₹3,373 cr revenue and received ₹137 cr back from them.
Ananke Trustee Company Private Limited
Transfers Under Finance Agreements To Entity
also owns 2.35% of the company
₹138 cr
company paid
Khorakiwala Holdings and Investments Private Limited
Transfers Under Finance Agreements To Entity
₹115 cr
company paid
Ananke Trustee Company Private Limited
Transfers Under Finance Agreements From Entity
also owns 2.35% of the company
₹108 cr
company received
Callirhoe Trustee Company Private Limited
Transfers Under Finance Agreements To Entity
also owns 1.92% of the company
₹76 cr
company paid
Khorakiwala Holdings and Investments Private Limited
Other payments to them
₹55 cr
company paid
Ananke Trustee Company Private Limited
Other payments to them
also owns 2.35% of the company
₹33 cr
company paid
Palanpur Holdings and Investments Private Limited
Other payments to them
₹20 cr
company paid
Themisto Trustee Company Private
Transfers Under Finance Agreements To Entity
also owns 40.39% of the company
₹19 cr
company paid
Callirhoe Trustee Company Private Limited
Other payments to them
also owns 1.92% of the company
₹18 cr
company paid
Palanpur Holdings and Investments Private Limited
Transfers Under Finance Agreements From Entity
₹17 cr
company received
Palanpur Holdings and Investments Private Limited
Transfers Under Finance Agreements To Entity
₹17 cr
company paid
Khorakiwala Holdings and Investments Private Limited
Transfers Under Finance Agreements From Entity
₹12 cr
company received
Themisto Trustee Company Private
Other payments to them
also owns 40.39% of the company
₹2 cr
company paid
Khorakiwala Holdings and Investments Private Limited
Other income from them
₹26 L
company received
Palanpur Holdings and Investments Private Limited
Other income from them
₹13 L
company received
Zahabiya Khorakiwala
Other payments to them
₹7 L
company paid
Miqdad H Khorakiwala
Other payments to them
₹3 L
company paid

The company also transacted with 16 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.

₹1,000 cr raised in Nov 2024 by selling shares to large investors

As of Sep 2026, the company says it has spent 91% of what it set aside, leaving ₹84 cr still to be spent. CRISIL RATINGS LIMITED watches the spending on the exchange’s behalf.

Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company.
100%
₹500 cr of ₹500 cr
Funding in capital expenditure, investment in research and development and incidental expenses.
now filed as: Funding of acquisition and upgradation of equipment, plant and machinery, expansion of capacity and Investment in targeted R&D activities including research and development for Biosimilars, New Chemical Entities (NCE) and other products to be utilised by fiscal year 2028.
66%
₹166 cr of ₹250 cr
General Corporate Purpose
originally ₹224 cr
budget changed
100%
₹228 cr of ₹228 cr
₹480 cr raised in Mar 2024 by selling shares to large investors

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

Repayment and / or pre – payment, in full or part, of certain borrowings availed by the Company.
100%
₹110 cr of ₹110 cr
Funding of costs related to the clinical trials and research and development undertaken by the Company and/ or Wockhardt Bio AG, one of the Subsidiaries of the Company
100%
₹210 cr of ₹210 cr
Funding working capital requirements of the Company
100%
₹115 cr of ₹115 cr
General Corporate Purposes
originally ₹28 cr
budget changed
100%
₹31 cr of ₹31 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.