India's largest CDMO by revenue, capacity and clients, also making branded formulations and APIs.
Price
Market Cap
Sector
Healthcare
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 1 | 1 | 14 | 29 | 29 | 31 | 31 | 31 |
| Reserves | 721 | 884 | 608 | 689 | 681 | 3.0k | 3.1k | 3.3k |
| Borrowings | 175 | 130 | 395 | 619 | 565 | 88 | 90 | 157 |
| Other Liabilities | 1.1k | 1.1k | 2.0k | 1.9k | 2.2k | 960 | 1.9k | 2.0k |
| Total Liabilities | 2.0k | 2.2k | 3.0k | 3.2k | 3.5k | 4.1k | 5.2k | 5.4k |
| AssetsFixed Assets | 645 | 904 | 1.0k | 1.1k | 1.2k | 1.4k | 1.4k | 1.5k |
| CWIP | 57 | 17 | 31 | 103 | 195 | 163 | 158 | 177 |
| Investments | 6 | 20 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1.3k | 1.2k | 2.0k | 2.0k | 2.1k | 2.5k | 3.6k | 3.8k |
| Total Assets | 2.0k | 2.2k | 3.0k | 3.2k | 3.5k | 4.1k | 5.2k | 5.4k |
| Line item | FY16 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 89 | 28 | 131 | 32 | 177 | 498 | 465 | 1.2k |
| Cash from Investing | -123 | -190 | -109 | -235 | -305 | -331 | -548 | -930 |
| Cash from Financing | 37 | 233 | -91 | 236 | 125 | -108 | 73 | 34 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -34 | -34 | 49 | -224 | -110 | 212 | 201 | 958 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
AKUMS · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.