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    Marksans Pharma Limited

    Mumbai pharma maker of OTC/Rx generics sold as store-brand & own-label products in US, UK, Australia/NZ, RoW.

    Healthcare
    Healthcare
    View MARKSANS earnings calls
    ₹267.1
    +10.03% from avg

    Overview

    Price

    ₹267.1

    Market Cap

    ₹11.9k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital4141414545454545
    Reserves5958461.2k1.7k2.0k2.4k2.6k3.0k
    Borrowings3034111123244322332343
    Other Liabilities236307323322372451422494
    Total Liabilities9021.2k1.6k2.2k2.7k3.2k3.4k3.9k
    AssetsFixed Assets3033094284867769821.1k1.1k
    CWIP012310927715
    Investments000127110
    Other Assets5999071.2k1.7k1.9k2.2k2.4k2.8k
    Total Assets9021.2k1.6k2.2k2.7k3.2k3.4k3.9k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating2723317999237230207458
    Cash from Investing-13-60-45-84-259-141-49-248
    Cash from Financing-21-114-1580198-69-65-71
    SummaryCapital Expenditure
    Free Cash Flow14174133531842235329
    FCF Margin

    Valuation

    Assumptions

    Current — MARKSANS
    Price
    ₹267
    EPS (TTM)
    ₹9.23
    PE (TTM)
    28.9
    Profit growth
    16.6%

    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 (21.9×) and current (28.9×) 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
    ₹267
    vs
    Fair value · 15% return
    ₹194
    27%Overvalued

    At 16.6% growth and a 22× exit, ₹267 only delivers your return if you pay ₹194. The price is currently baking in 24% growth.

    EPS grows 16.6%/yr for 5 years, then fades to 6% over 2, exits at 22×.

    YearGrowthEPS (₹)
    FY2716.6%10.76
    FY2816.6%12.55
    FY2916.6%14.63
    FY3016.6%17.06
    FY3116.6%19.89
    FY3211.3% ·fade22.14
    FY336.0% ·fade23.47

    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.

    Learn to analyse Marksans Pharma Limited

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