Piramal Pharma
- Market cap
- ₹ 25,409 Cr.
- P/E
- 307.4x
- P/B
- 3.17x
- 52-week range
- 132.3 – 231.93
- ROE
- −4%
- ROCE
- 3%
- Dividend yield
- 0%
- Debt / equity
- 0.7
- Sector
- Pharmaceuticals & Biotechnology
- Industry
- Pharmaceuticals
- Listed on
- NSE, BSE
About
Piramal Pharma Limited is a global pharmaceutical company, which offers a portfolio of differentiated pharma products across a domestic and global distribution network. It operates approximately 17 development and manufacturing facilities across India, the United Kingdom/Europe, and North America. It has a commercial presence in over 100 countries. The Company operates under three business verticals: Piramal Pharma Solutions (PPS), an integrated Contract Development and Manufacturing Organization (CDMO); Piramal Critical Care (PCC), a Complex Hospital Generics (CHG) business; and Piramal Consumer Healthcare business, selling over-the-counter products. PPS caters to both drug substances - Active Pharmaceutical Ingredients (APIs), and drug products (formulations). PCC's complex hospital product portfolio comprises hospital-focused products in the areas of inhalation anesthesia, intrathecal therapy, injectable anesthesia and pain management, and other generic and specialty products.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Pharmaceuticals: 221 companies →Piramal Pharma 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)307.4 against a typical 33.2: pricier than most peers (1st = cheapest).210th of 220
- Sales growth+17.4% against a typical +15.6% from a year earlier.91st of 197
- Share price, 3 months+2.1% against a typical −2%.79th of 200
- Size₹ 25,408.8 Cr. market value against a typical ₹ 507.7 Cr. (1st = largest).22nd of 199
Latest announcements
Exchange filings and their impact on the company.
- Strong H1 with 23% revenue growth and 72% EBITDA growth drives upgraded 19-20% FY27 growth outlook.
Piramal Pharma reported strong Q2 and H1 FY27 results with Q2 revenue up 28% and H1 up 23%, while EBITDA grew 72% in both periods with over 350 basis points margin expansion. Growth was broad-based with CDMO up 28%, Complex Hospital Generics up 24% and Consumer Healthcare up 14%, supported by 22 new customers and 110 customer audits. Based on strong first-half momentum and a healthy order book, the company upgraded its FY27 outlook to 19-20% revenue growth with meaningfully higher profitability.
- Strong 28% Q2 revenue growth and return to profit point to sustained earnings turnaround.
Piramal Pharma reported Q2 FY27 consolidated revenue of Rs 2,617 crore, up 28% from last year, and a small net profit of Rs 5 crore versus a Rs 99 crore loss last year. First-half revenue was Rs 4,887 crore, up 23%, with losses narrowing sharply. During the quarter it also raised its stake in Hyderabad-based Yapan Bio to 74% for Rs 76 crore, making it a subsidiary to expand in vaccines and biologics CDMO. The results point to stronger growth and a move toward sustained profitability, though capex and working capital remain high.
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 CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA | Stable | 17 Jul 2026 |
| ICRA | — | — | 15 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 17 Jul 2026 | Reaffirmed | CARE AA | — | CARE | ₹ 3,166.67 Cr. | |
| 15 Oct 2025 | Rating action | — | — | ICRA | ₹ 100 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 29 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 Apr 2026 | Financial Results | To consider and approve the Audited Financial Results (Standalone and Consolidated) of the Company for quarter and financial year ended 31st March, 2026. |
| 28 Jan 2026 | Financial Results | Board Meeting Intimation for Considering And Approving The Unaudited Financial Results (Standalone And Consolidated) Of The Company For Quarter And Nine Months Ended 31st December, 2025. |
| 5 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 28 Jul 2025 | Financial Results | Intimation as per Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 |
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 | 1,911 | 1,959 | 2,552 | 1,951 | 2,242 | 2,204 | 2,754 | 1,934 | 2,044 | 2,140 | 2,752 | 2,270 |
| Expenses | 1,646 | 1,690 | 2,022 | 1,747 | 1,900 | 1,866 | 2,193 | 1,827 | 1,885 | 1,944 | 2,291 | 2,075 |
| Operating Profit | 266 | 268 | 530 | 204 | 342 | 338 | 561 | 107 | 159 | 196 | 461 | 195 |
| OPM % | 14% | 14% | 21% | 10% | 15% | 15% | 20% | 6% | 8% | 9% | 17% | 9% |
| Other Income | 68 | 43 | 8 | 42 | 78 | 29 | 58 | 98 | 80 | 12 | −116 | 109 |
| Interest | 110 | 106 | 114 | 107 | 108 | 103 | 104 | 86 | 82 | 89 | 83 | 88 |
| Depreciation | 185 | 186 | 196 | 185 | 192 | 197 | 243 | 197 | 203 | 213 | 218 | 224 |
| Profit before tax | 40 | 19 | 227 | −45 | 120 | 67 | 273 | −79 | −46 | −94 | 43 | −7 |
| Tax % | 87% | 48% | 55% | 97% | 81% | 94% | 44% | 3% | 115% | 45% | 121% | 830% |
| Net Profit | 5 | 10 | 101 | −89 | 23 | 4 | 154 | −82 | −99 | −136 | −9 | −69 |
| EPS in Rs | 0.04 | 0.08 | 0.77 | −0.67 | 0.17 | 0.03 | 1.16 | −0.61 | −0.75 | −1.02 | −0.07 | −0.52 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 7%
- 3 Years
- 8%
- TTM
- 1%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −31%
- TTM
- −296%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 29%
- TTM
- —
- 10 Years
- —
- 5 Years
- 0%
- 3 Years
- −1%
- 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.
| Piramal Pharma | ₹ 230.60 | ₹ 25,409 Cr. | 307.4x | 3.2x | −4% | — |
| 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
- Nandini A. Piramal
- Executive Chairman of the Board
- Vivek Valsaraj
- Chief Financial Officer, Executive Director
- Maneesh Sharma
- Compliance Officer, Company Secretary
- Peter DeYoung
- Executive Director, Chief Executive Officer of Global Pharma
Prices are delayed and for information only. Nothing on this page is investment advice.