ANUHPHR
Anuh Pharma financials
- Market cap
- ₹949 Cr
- Sector
- Healthcare
What Anuh Pharma does
Anuh Pharma manufactures Active Pharmaceutical Ingredients (bulk drugs) at a single EU-GMP/WHO-prequalified facility in Tarapur, Maharashtra, and is one of the largest producers of first-generation erythromycin (macrolide) salts and anti-TB APIs in India. It also makes anti-malarial, anti-diabetic, anti-bacterial, anti-histamine, anti-gout and corticosteroid APIs, supported by an in-house R&D facility at Mahape, Navi Mumbai. It earns by selling these APIs to pharmaceutical formulators and distributors both domestically and through export marketing partnerships across regulated and emerging markets.
Segments
- Macrolides / Erythromycin salts
- Anti-TB APIs
- Anti-malarial APIs
- Corticosteroids
- Anti-diabetic APIs
- Anti-bacterial / Antibiotic APIs
- Manufacturing plants
- 1 facility at Tarapur, Maharashtra (11,400 sq. mtrs; 9 API blocks + 2 intermediate blocks)
- Installed API capacity
- 2,400 MTPA (metric tons per annum)
- Annual production volume
- 1,733 MT (FY26)
- R&D facility
- 10,000 sq. ft. at Mahape, Navi Mumbai; 16 scientists
- Export markets
- 72 countries (FY26)
- Marketing partner customers
- 360 (FY26)
Quarterly results
Q1 FY27: revenue up 4.3%, net profit up 37.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 166 | 160 | 198 | 186 | 186 +12% | 197 +23% | 202 +2% | 194 +4% |
| EBITDA | 17 | 15 | 19 | 10 | 12 −29% | 19 +27% | 20 +5% | 16 +60% |
| Net profit | 15 | 10 | 12 | 8 | 8 −47% | 13 +30% | 12 +0% | 11 +38% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +6.6% 1Y
1Y: ₹88.96 on 10 Sept 2025 → ₹94.86. High ₹96.74 (9 Sept 2026), low ₹67 (30 Mar 2026).
Financials, as filed
Revenue grew 13.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to 7.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹527 Cr | ₹647 Cr | ₹662 Cr | ₹771 Cr |
| Operating profit | ₹51 Cr | ₹75 Cr | ₹62 Cr | ₹61 Cr |
| Operating margin | 9.6% | 11.6% | 9.4% | 7.9% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹9 Cr | ₹8 Cr | ₹9 Cr | ₹12 Cr |
| Net profit | ₹36 Cr | ₹60 Cr | ₹47 Cr | ₹41 Cr |
| Net margin | 6.9% | 9.3% | 7.1% | 5.3% |
| Cash from operations | ₹54 Cr | ₹13 Cr | ₹37 Cr | ₹-3 Cr |
| Free cash flow | ₹52 Cr | ₹8 Cr | ₹17 Cr | ₹-11 Cr |
| ROCE | 19.0% | 26.0% | 17.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹50 Cr | ₹50 Cr |
| Reserves | ₹166 Cr | ₹189 Cr | ₹216 Cr | ₹266 Cr | ₹277 Cr | ₹302 Cr |
| Borrowings | ₹14 Cr | ₹4 Cr | ₹1 Cr | ₹3 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹128 Cr | ₹129 Cr | ₹163 Cr | ₹152 Cr | ₹182 Cr | ₹205 Cr |
| Total liabilities | ₹333 Cr | ₹347 Cr | ₹405 Cr | ₹446 Cr | ₹509 Cr | ₹557 Cr |
| Fixed assets | ₹71 Cr | ₹61 Cr | ₹53 Cr | ₹49 Cr | ₹61 Cr | ₹57 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Investments | ₹31 Cr | ₹43 Cr | ₹91 Cr | ₹97 Cr | ₹71 Cr | ₹84 Cr |
| Other assets | ₹230 Cr | ₹243 Cr | ₹261 Cr | ₹300 Cr | ₹376 Cr | ₹416 Cr |
| Total assets | ₹333 Cr | ₹347 Cr | ₹405 Cr | ₹446 Cr | ₹509 Cr | ₹557 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +1.88 pp while the public trimmed −1.85 pp. The shareholder count grew 13% to 27,484.
- Promoters
- 71.8%
- FIIs
- 0.0%
- Public
- 28.2%
Since Jun 2025
- Promoters +1.88 pp
- Public −1.85 pp
- FIIs −0.03 pp
How it drifted, 12 quarters
Over this window the public fell from 29.4% to 28.2% — −1.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 70.6%, Public 29.4%.Dec '23: Promoters 69.9%, Public 30.1%.Mar '24: Promoters 69.9%, FIIs 0.0%, DIIs 0.1%, Public 30.0%.Jun '24: Promoters 69.9%, FIIs 0.0%, Public 30.1%.Sep '24: Promoters 69.9%, FIIs 0.0%, Public 30.1%.Dec '24: Promoters 69.9%, FIIs 0.0%, Public 30.1%.Mar '25: Promoters 69.9%, FIIs 0.0%, Public 30.0%.Jun '25: Promoters 69.9%, FIIs 0.0%, Public 30.0%.Sep '25: Promoters 71.8%, Public 28.2%.Dec '25: Promoters 71.8%, Public 28.2%.Mar '26: Promoters 71.8%, FIIs 0.1%, Public 28.1%.Jun '26: Promoters 71.8%, FIIs 0.0%, Public 28.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Bipin Nemchand Shah - 2 +2.27 pp 8.48% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Anuh Pharma above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Bharti Bipin Shah | 19.43% | unchanged |
| Prafulla Lalit Shah | 14.47% | unchanged |
| Bipin Nemchand Shah - 2 | 8.48% | +2.27 pp |
| Bharat Nemchand Shah | 3.73% | unchanged |
| Gaurav Satish Shah | 3.19% | unchanged |
| Mrudula Jayantilal Shah | 2.33% | unchanged |
| Vivek Bipin Shah | 2.33% | unchanged |
| Ritesh Bipin Shah | 2.31% | unchanged |
| Dina Satish Shah | 2.22% | unchanged |
| Samir Jayantilal Shah | 1.72% | unchanged |
| Michael Dsouza | 1.10% | unchanged |
| Kinjal Siddharth Jhaveri | 0.81% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
ExpensiveTo justify its price of ₹95, this stock must grow earnings at 15% every year for 7 years. Our analysis caps realistic growth at ~4%. At that growth it is worth ₹55 — downside of 42%.
- Growth the price implies
- 14.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 4.2% a year
- net profit, FY23–FY26 · EPS 4.3%
- The gap
- 0.1 pp
- -42% downside if it only repeats history
Learn to analyse Anuh Pharma
Guides on how to read this kind of business and the numbers that matter.