Piramal Pharma

NSE: PPLPHARMABSE: 543635
Compare with peers
₹ 230.60▲ 30.85 (+15.44%)28 Oct, 03:29 pm IST
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.

  • 27 Oct 2026Press ReleaseHigh impactVery positivePrice +15.4% so far today
    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.

    Filing
  • 27 Oct 2026Outcome of Board MeetingHigh impactPositivePrice +15.4% so far today
    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.

    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 CARE
AA
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CARECARE AAStable17 Jul 2026
ICRA——15 Oct 2025
Credit rating actions
RatingDetails
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 2026Financial ResultsTo consider and approve the financial results for the period ended September 30, 2026
29 Jul 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
28 Apr 2026Financial ResultsTo consider and approve the Audited Financial Results (Standalone and Consolidated) of the Company for quarter and financial year ended 31st March, 2026.
28 Jan 2026Financial ResultsBoard 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 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
28 Jul 2025Financial ResultsIntimation as per Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Share price

1M change +11.62%
1 of 1 filing day came with a big price moveBiggest +15.4% todayAI reading matched the move 1 of 1
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
Sales1,9111,9592,5521,9512,2422,2042,7541,9342,0442,1402,7522,270
Expenses1,6461,6902,0221,7471,9001,8662,1931,8271,8851,9442,2912,075
Operating Profit266268530204342338561107159196461195
OPM %14%14%21%10%15%15%20%6%8%9%17%9%
Other Income6843842782958988012−116109
Interest1101061141071081031048682898388
Depreciation185186196185192197243197203213218224
Profit before tax4019227−4512067273−79−46−9443−7
Tax %87%48%55%97%81%94%44%3%115%45%121%830%
Net Profit510101−89234154−82−99−136−9−69
EPS in Rs0.040.080.77−0.670.170.031.16−0.61−0.75−1.02−0.07−0.52

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
7%
3 Years
8%
TTM
1%
Compounded Profit Growth
10 Years
—
5 Years
—
3 Years
−31%
TTM
−296%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
29%
TTM
—
Return on Equity
10 Years
—
5 Years
0%
3 Years
−1%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
34.8%
−0.05 pts in a year
FIIs
12.51%
−18.35 pts in a year
DIIs
14.57%
+0.32 pts in a year
Public
37.62%
+18.16 pts in a year
Others
0.48%
−0.09 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 307.4xEPS (12 months) ₹ 0.65Median P/E 316x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Piramal Pharma₹ 230.60₹ 25,409 Cr.307.4x3.2x−4%—
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

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.