Biocon
- 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.
- 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.
- 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.
- 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.
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- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA+ | Stable | 16 Dec 2025 |
| ICRA | [ICRA]AA+ /[ICRA]A1+ | Stable | 16 Dec 2025 |
| India Ratings | Withdrawn | Stable | 9 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 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
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 6 Dec 2025 | QIP | Board approved | ₹ 4,500 Cr. | — | — |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 5 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 7 May 2026 | Fund Raising | To consider Fund Raising |
| 12 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 6 Dec 2025 | Fund Raising | To consider Fund Raising |
| 11 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 1 Oct 2025 | Other business matters | To consider other business matters inter alia, Early Redemption of NCDs |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,462 | 3,954 | 3,917 | 3,433 | 3,590 | 3,821 | 4,417 | 3,942 | 4,296 | 4,173 | 4,517 | 4,336 |
| Expenses | 2,745 | 3,051 | 3,004 | 2,812 | 2,905 | 3,070 | 3,339 | 3,176 | 3,460 | 3,340 | 3,496 | 3,489 |
| Operating Profit | 717 | 903 | 913 | 620 | 685 | 752 | 1,078 | 766 | 835 | 834 | 1,020 | 847 |
| OPM % | 21% | 23% | 23% | 18% | 19% | 20% | 24% | 19% | 19% | 20% | 23% | 20% |
| Other Income | 134 | 587 | 40 | 1,166 | 58 | 53 | 57 | 62 | 81 | −176 | −28 | 41 |
| Interest | 248 | 267 | 227 | 236 | 226 | 223 | 212 | 277 | 272 | 210 | 232 | 213 |
| Depreciation | 389 | 414 | 407 | 405 | 420 | 425 | 436 | 455 | 473 | 515 | 513 | 547 |
| Profit before tax | 214 | 808 | 319 | 1,146 | 98 | 156 | 487 | 97 | 171 | −68 | 248 | 128 |
| Tax % | 19% | 7% | 30% | 25% | 72% | 48% | 6% | 8% | 22% | −24% | 20% | −7% |
| Net Profit | 173 | 753 | 223 | 862 | 27 | 81 | 459 | 89 | 133 | −52 | 199 | 137 |
| EPS in Rs | 1.05 | 5.5 | 1.13 | 5.49 | −0.13 | 0.21 | 2.87 | 0.23 | 0.63 | 1.08 | 0.78 | 0.87 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 18%
- 5 Years
- 19%
- 3 Years
- 15%
- TTM
- 10%
- 10 Years
- 1%
- 5 Years
- −12%
- 3 Years
- −15%
- TTM
- 100%
- 10 Years
- 11%
- 5 Years
- 3%
- 3 Years
- 17%
- TTM
- —
- 10 Years
- 6%
- 5 Years
- 4%
- 3 Years
- 3%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Biocon | ₹ 350.70 | ₹ 53,226 Cr. | 72.5x | 1.6x | 1% | — |
| Sun Pharmaceutical Industries | ₹ 1,743.00 | ₹ 4,18,194 Cr. | 38.4x | 5.6x | 14.2% | 19.1% |
| Divi's Laboratories | ₹ 8,984.00 | ₹ 2,38,497 Cr. | 73.3x | 11.5x | 16.2% | 24.3% |
| Torrent Pharmaceuticals | ₹ 4,482.00 | ₹ 1,70,475 Cr. | 72.7x | 19.2x | 27.1% | 15.3% |
| Cipla | ₹ 1,337.00 | ₹ 1,08,011 Cr. | 27.6x | 3.3x | 11.8% | 13.7% |
| Zydus Lifesciences | ₹ 1,127.85 | ₹ 1,12,503 Cr. | 21.2x | 4.2x | 19.7% | 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
Prices are delayed and for information only. Nothing on this page is investment advice.