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    Aarti Pharmalabs Limited

    India's largest Xanthine derivatives maker and a leading small-molecule CDMO/API manufacturer for global pharma clients.

    Healthcare
    Healthcare
    View AARTIPHARM earnings calls
    ₹707.9
    +2.73% from avg

    Overview

    Price

    ₹707.9

    Market Cap

    ₹6.1k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital004545454545
    Reserves01.4k1.5k1.7k1.9k2.0k2.1k
    Borrowings0338215285413659754
    Other Liabilities0315470540503561603
    Total Liabilities02.0k2.2k2.6k2.9k3.3k3.5k
    AssetsFixed Assets07829261.0k1.1k1.5k1.5k
    CWIP0187102137374160305
    Investments0328710777187194
    Other Assets01.0k1.1k1.3k1.3k1.4k1.5k
    Total Assets02.0k2.2k2.6k2.9k3.3k3.5k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating0-44250216332262
    Cash from Investing0-139-158-215-414-431
    Cash from Financing0260-1631065171
    SummaryCapital Expenditure
    Free Cash Flow0-18513018-112-186
    FCF Margin

    Valuation

    Assumptions

    Current — AARTIPHARM
    Price
    ₹708
    EPS (TTM)
    ₹19.13
    PE (TTM)
    37.0
    Profit growth
    -3.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (25.6×) and current (37.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹708
    vs
    Fair value · 15% return
    ₹167
    76%Overvalued

    At -3.6% growth and a 26× exit, ₹708 only delivers your return if you pay ₹167. The price is currently baking in 25% growth.

    EPS grows -3.6%/yr for 5 years, then fades to 6% over 2, exits at 26×.

    YearGrowthEPS (₹)
    FY27-3.6%18.44
    FY28-3.6%17.78
    FY29-3.6%17.14
    FY30-3.6%16.52
    FY31-3.6%15.93
    FY321.2% ·fade16.12
    FY336.0% ·fade17.08

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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