Emcure Pharmaceuticals
- Market cap
- ₹ 33,863 Cr.
- P/E
- 34.5x
- P/B
- 6.83x
- 52-week range
- 1,306.5 – 2,100.7
- ROE
- 20%
- ROCE
- 24%
- Dividend yield
- 0.2%
- Debt / equity
- 0.31
- Sector
- Pharmaceuticals & Biotechnology
- Industry
- Pharmaceuticals
- Listed on
- NSE, BSE
About
Emcure Pharmaceuticals Limited is an India-based pharmaceutical company, which is engaged in developing, manufacturing and globally marketing a range of pharmaceutical products across several major therapeutic areas. It offers a range of products and services under formulations, biologics and Active Pharmaceutical Ingredient (APIs). It operates across a wide scope of areas, including Gynecology, Cardiovascular, HIV Antivirals, VMN (Vitamins, Minerals & Nutrients), Pain/Analgesics, Nephrology, Oncology, Anti-Infective, Respiratory, CNS. Its brands include Orofer XT and Pause (Gynecological), Proxym (pain), Tenectase (CNS), Vylda (diabetology), Vitanova (VMN). Its API products include S-Amlodipine, Ferric Carboxymaltose, Ferrous Ascorbate and Eribulin. Its biologics business offers various products, including Elaxim (Tenecteplase), Vintor (Erythropoietin), TENECTASE (Tenecteplase). It has developed two platforms: Mammalian and Microbial.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Pharmaceuticals: 221 companies →Emcure Pharmaceuticals 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)34.5 against a typical 34.6: cheaper than most peers (1st = cheapest).110th of 220
- Sales growth+22.8% against a typical +15.6% from a year earlier.71st of 197
- Profit growth+35.8% against a typical +18.9% from a year earlier.64th of 160
- Share price, 3 months−1.9% against a typical −0.5%.108th of 200
- Size₹ 33,863.4 Cr. market value against a typical ₹ 507.7 Cr. (1st = largest).18th of 199
Latest announcements
Exchange filings and their impact on the company.
- Emcure to merge two wholly owned subsidiaries into itself to simplify structure with no change to consolidated business.
Emcure Pharmaceuticals board on October 12, 2026 approved merger of its wholly owned subsidiaries Zuventus Healthcare and Emcutix Biopharmaceuticals into itself, subject to regulatory approvals. As both are 100% owned, the merger does not add new business or change consolidated sales and profits. It simplifies the group structure and should save small duplicate compliance and admin costs over the next year.
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 to AA- by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA / CARE A1+ | Stable | 31 Aug 2026 |
| CRISIL | Crisil AA- | Positive | 5 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 31 Aug 2026 | Reaffirmed | CARE AA / CARE A1+ | — | CARE | ₹ 2,400 Cr. | |
| 5 Dec 2025 | Reaffirmed | Crisil AA- | — | CRISIL | ₹ 1,957.5 Cr. | |
| 17 Oct 2025 | Rating action | Crisil AA- | — | CRISIL | ₹ 1,957.5 Cr. | |
| 7 Oct 2025 | ▲ Upgrade | CARE AA / CARE A1+ | — | CARE | ₹ 1,957.5 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results | To consider and approve the Unaudited Financial Results for the quarter and half year ended September 30, 2026 |
| 6 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 5 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 4 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 11 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 7 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 22 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
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 | 1,663 | 1,668 | 1,771 | 1,815 | 2,002 | 1,963 | 2,116 | 2,101 | 2,270 | 2,363 | 2,470 | 2,580 |
| Expenses | 1,334 | 1,374 | 1,460 | 1,479 | 1,621 | 1,608 | 1,714 | 1,684 | 1,794 | 1,871 | 1,990 | 2,048 |
| Operating Profit | 329 | 294 | 311 | 336 | 381 | 355 | 402 | 417 | 475 | 493 | 480 | 532 |
| OPM % | 20% | 18% | 18% | 19% | 19% | 18% | 19% | 20% | 21% | 21% | 19% | 21% |
| Other Income | −2 | 22 | 12 | 23 | 36 | 4 | −6 | 0 | 3 | −36 | 14 | 2 |
| Interest | 59 | 61 | 65 | 59 | 46 | 32 | 39 | 27 | 33 | 38 | 46 | 32 |
| Depreciation | 70 | 84 | 91 | 94 | 97 | 97 | 97 | 99 | 105 | 105 | 106 | 110 |
| Profit before tax | 198 | 171 | 167 | 207 | 273 | 230 | 261 | 291 | 341 | 314 | 341 | 394 |
| Tax % | 26% | 30% | 27% | 26% | 26% | 32% | 24% | 26% | 26% | 26% | 29% | 26% |
| Net Profit | 146 | 120 | 121 | 153 | 202 | 156 | 197 | 215 | 251 | 231 | 244 | 292 |
| EPS in Rs | 7.69 | 6.27 | 6.36 | 7.95 | 10.29 | 8.11 | 9.97 | 10.92 | 12.84 | 12.16 | 12.84 | 15.5 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 13%
- 3 Years
- 15%
- TTM
- 18%
- 10 Years
- —
- 5 Years
- 18%
- 3 Years
- 21%
- TTM
- 37%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 22%
- 3 Years
- 19%
- 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.
| Emcure Pharmaceuticals | ₹ 1,868.00 | ₹ 33,863 Cr. | 34.5x | 6.8x | 20% | — |
| Sun Pharmaceutical Industries | ₹ 1,748.00 | ₹ 4,19,394 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
- Satish Ramanlal Mehta
- Chief Executive Officer, Managing Director, Executive Director
- Tajuddin Sabir Shaikh
- Chief Financial Officer
- Deepak Gondaliya
- President - Technical Operations
- Sanjay Rajanikant Mehta
- President - Emerging Markets
- Vikas Thapar
- President of Corporate Development, Strategy and Finance
- Mukund Keshao Gurjar
- Chief Scientific Officer, Whole Time Director
- Amruta Amit Yangalwar
- Compliance Officer, Company Secretary
- Samit Satish Mehta
- Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.