Biocon

NSE: BIOCONBSE: 532523
Compare with peers
₹ 350.70▲ 18.25 (+5.49%)28 Oct, 03:28 pm IST
Market cap
₹ 53,226 Cr.
P/E
72.5x
P/B
1.57x
52-week range
318.4 – 447.15
ROE
1%
ROCE
4%
Dividend yield
0.2%
Debt / equity
0.45
Sector
Pharmaceuticals & Biotechnology
Industry
Pharmaceuticals
Listed on
NSE, BSE

About

Biocon Limited is an India-based biopharmaceutical company, engaged in the manufacture of biotechnology products and research services. The Company is in the business of manufacturing active pharmaceutical ingredients (APIs) and formulations, including biosimilar drugs for diabetics, oncology and autoimmune diseases. The Company’s segment includes Generics, Biosimilars, Novel Biologics and Research Services. It focuses on three key therapeutic areas - Oncology, Diabetes, and Immunology. Its APIs portfolio includes cardiovascular, anti-diabetics, immunosuppressants, and specialty molecules. Its products include Tacrolimus, Rosuvastatin, Simvastatin, Atorvastatin, Pravastatin, Fingolimod and others. Its APIs manufacturing facilities with capabilities in microbial fermentation, downstream process, including chromatographic purification, chemical synthesis, peptide synthesis and Highly Potent APIs (HPAPIs). It has over five facilities in Bangalore, Hyderabad and Visakhapatnam in India.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Pharmaceuticals: 221 companies →

Biocon against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)72.5 against a typical 33.2: pricier than most peers (1st = cheapest).177th of 220
  • Sales growth+10% against a typical +15.6% from a year earlier.115th of 197
  • Profit growth+53.9% against a typical +18.9% from a year earlier.50th of 160
  • Share price, 3 months−18.6% against a typical −1.8%.177th of 200
  • Size₹ 53,225.8 Cr. market value against a typical ₹ 507.7 Cr. (1st = largest).13th of 199

Latest announcements

Exchange filings and their impact on the company.

  • 26 Oct 2026UpdatesLow impactPositivePrice +1.6% that day
    Biocon cleared to sell its Stelara biosimilar Yesintek in 9 more countries, expanding its global opportunity.

    Biocon has signed a licence agreement with Janssen allowing commercialization of Yesintek, its proposed biosimilar to Stelara (ustekinumab), in Australia, Brazil, China, Hong Kong, Israel, Mexico, New Zealand, South Korea and Kazakhstan with immediate effect. This builds on earlier agreements securing entry in the US, Europe, UK, Canada and Japan. The reference brand Stelara had worldwide sales of $6.08 billion in 2025, and launches in the new markets remain subject to regulatory approval.

    Filing
  • 14 Oct 2026UpdatesMedium impactPositivePrice −0.1% that day
    Biocon settled globally with Genentech to secure earliest licensed launch for its Perjeta biosimilar starting in EU in early 2027.

    Biocon has signed a global settlement and license agreement with Genentech resolving all patent disputes over pertuzumab in the US, Canada and other countries. The deal gives Biocon the earliest licensed launch dates for Pebrilzo, its biosimilar to Perjeta for HER2-positive breast cancer, in the EU and UK in Q1 2027, in the US in Q3 2028, and in other world markets during 2026-2028. This clears a key legal hurdle and positions Biocon as an early entrant, with EU sales able to contribute within the next 12 months subject to regulatory approval.

    Filing
  • 10 Oct 2026General UpdatesLow impactNegativePrice −0.9% on 12 Oct
    Biocon received a state tax Order-In-Original with no disclosed amount, expected to be immaterial.

    Biocon on October 10, 2026 disclosed receipt of an Order-In-Original from the Assistant Commissioner (State Tax), Atchuthapuram circle, Visakhapatnam-2 in Andhra Pradesh. The filing refers to Form A details under SEBI Regulation 30 but no demand amount, penalty or period was visible in the extracted text. The order relates to state tax and does not indicate any operational restriction, so the near-term financial impact is expected to be small and subject to appeal or payment.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA+ by 2 agencies
AA+
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
CRISILCrisil AA+Stable16 Dec 2025
ICRA[ICRA]AA+ /[ICRA]A1+Stable16 Dec 2025
India RatingsWithdrawnStable9 Dec 2025
Credit rating actions
RatingDetails
16 Dec 2025
Reaffirmed
Crisil AA+—CRISIL₹ 250 Cr.
16 Dec 2025
Reaffirmed
[ICRA]AA+ /[ICRA]A1+—ICRA₹ 450 Cr.
9 Dec 2025
Withdrawn
was IND AA+—India Ratings₹ 4,070 Cr.
30 Oct 2025
Reaffirmed
[ICRA]AA+ /[ICRA]A1+—ICRA₹ 450 Cr.

Fund raises

QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates

Equity fund raises
StageDetails
6 Dec 2025QIPBoard approved₹ 4,500 Cr.——

Board meetings

Results dates and other board meetings. Full calendar

Details
4 Nov 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
5 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
7 May 2026Fund RaisingTo consider Fund Raising
12 Feb 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
6 Dec 2025Fund RaisingTo consider Fund Raising
11 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
1 Oct 2025Other business mattersTo consider other business matters inter alia, Early Redemption of NCDs

Share price

1Y change −2.7%
0 of 3 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,4623,9543,9173,4333,5903,8214,4173,9424,2964,1734,5174,336
Expenses2,7453,0513,0042,8122,9053,0703,3393,1763,4603,3403,4963,489
Operating Profit7179039136206857521,0787668358341,020847
OPM %21%23%23%18%19%20%24%19%19%20%23%20%
Other Income134587401,1665853576281−176−2841
Interest248267227236226223212277272210232213
Depreciation389414407405420425436455473515513547
Profit before tax2148083191,1469815648797171−68248128
Tax %19%7%30%25%72%48%6%8%22%−24%20%−7%
Net Profit173753223862278145989133−52199137
EPS in Rs1.055.51.135.49−0.130.212.870.230.631.080.780.87

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
18%
5 Years
19%
3 Years
15%
TTM
10%
Compounded Profit Growth
10 Years
1%
5 Years
−12%
3 Years
−15%
TTM
100%
Stock Price CAGR
10 Years
11%
5 Years
3%
3 Years
17%
TTM
—
Return on Equity
10 Years
6%
5 Years
4%
3 Years
3%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
44.68%
−9.77 pts in a year
FIIs
8.14%
+2.1 pts in a year
DIIs
23.33%
+0.5 pts in a year
Government
0.05%
+0.05 pts in a year
Public
23.75%
+7.24 pts in a year
Others
0.05%
−0.13 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 72.5xEPS (12 months) ₹ 5.08Median P/E 27.6x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Biocon₹ 350.70₹ 53,226 Cr.72.5x1.6x1%—
Sun Pharmaceutical Industries₹ 1,743.00₹ 4,18,194 Cr.38.4x5.6x14.2%19.1%
Divi's Laboratories₹ 8,984.00₹ 2,38,497 Cr.73.3x11.5x16.2%24.3%
Torrent Pharmaceuticals₹ 4,482.00₹ 1,70,475 Cr.72.7x19.2x27.1%15.3%
Cipla₹ 1,337.00₹ 1,08,011 Cr.27.6x3.3x11.8%13.7%
Zydus Lifesciences₹ 1,127.85₹ 1,12,503 Cr.21.2x4.2x19.7%18.5%

Management

Kiran Mazumdar-Shaw
Executive Chairperson of the Board
Shreehas Pradeep Tambe
Chief Executive Officer, Managing Director, Additional Director
Kedar Narayan Upadhye
Chief Financial Officer
Rajesh Umakant Shanoy
Compliance Officer, Company Secretary
Akhilesh Nand
Head - Governance, Risk and Compliance

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