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    Novartis India Limited

    Markets branded prescription medicines in Transplant, Established Medicines, Neuroscience & Oncology.

    Healthcare
    Healthcare
    ₹1,388.9
    +21.53% from avg

    Overview

    Price

    ₹1,388.9

    Market Cap

    ₹4.1k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1212121212121212
    Reserves708699679763732773763805
    Borrowings686224227543
    Other Liabilities289229242186173158153157
    Total Liabilities1.1k1.0k958983925948932978
    AssetsFixed Assets766424197543
    CWIP00000000
    Investments00000000
    Other Assets1.0k938934964918943928975
    Total Assets1.1k1.0k958983925948932978

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-194-23-6939451137547
    Cash from Investing274569587-15333-318
    Cash from Financing-30-41-37-36-30-121-64-64
    SummaryCapital Expenditure
    Free Cash Flow-208-24-6938451137546
    FCF Margin

    Valuation

    Assumptions

    Current — NOVARTIND
    Price
    ₹1,389
    EPS (TTM)
    ₹39.61
    PE (TTM)
    35.1
    Profit growth
    -3.3%

    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 (18.1×) and current (35.1×) 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
    ₹1,389
    vs
    Fair value · 15% return
    ₹243
    82%Overvalued

    At -3.3% growth and a 18× exit, ₹1389 only delivers your return if you pay ₹243. The price is currently baking in 33% growth.

    EPS grows -3.3%/yr for 5 years, then fades to 6% over 2, exits at 18×.

    YearGrowthEPS (₹)
    FY27-3.3%38.30
    FY28-3.3%37.04
    FY29-3.3%35.82
    FY30-3.3%34.63
    FY31-3.3%33.49
    FY321.3% ·fade33.94
    FY336.0% ·fade35.98

    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 Novartis India Limited

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