Marksans Pharma Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹14,291 Cr
- P/E
- 27.66
- ROE
- 15.17%
- PEG
- 1.73
- Price to sales
- 4.51
- Debt to equity
- 0.11
- 52W high / low
- ₹348 / ₹157
- Sales growth (5Y)
- 16.48%
- EBITDA margin
- 22.50%
- Net profit margin
- 14.18%
- Promoter holding
- 43.87%
- Sales (last year)
- ₹3,172 Cr
Marksans Pharma is engaged in the Business of Formulation of pharmaceutical products [1]
Guidance scorecard · Q1 FY27 call
What Marksans Pharma Ltd's management guided
and where it ranks in Pharmaceuticals & Biotechnology
Pharmaceuticals & Biotechnology
RevenueQ1 FY27 call
10–20%- Management projects 15%-20% revenue growth for FY27, with some participants considering this conservative, suggesting 20%-25% could be achievable.
- The company aims to double its revenue from INR3,000 crores within the next five years, indicating a strong growth trajectory.
- In the U.S., the immediate goal is to reach $300 million in revenue, with a longer-term outlook towards $400 million in about five years.
- Europe is targeted as a significant growth area with plans to expand into multiple countries through acquisitions, expecting about INR1,000 crores revenue from Europe within five years.
- Organic growth is strong, especially in UK and Europe, with 50%+ year-on-year growth reported recently in the UK market.
2 more points from Marksans Pharma Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Marksans Pharma Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Marksans Pharma is exploring manufacturing capacity expansion with plans for potentially another unit in India within 1-2 years to meet 3-5 year growth goals, but no concrete plans finalized yet.
- The company is actively seeking inorganic growth opportunities and acquisitions, especially in Europe, to expand its footprint. They have done smaller deals in Europe (Netherlands, Germany) but plan more acquisitions as part of growth strategy.
- Management is conservative with cash usage, focusing on safe, high-return investments primarily in acquisitions rather than financial instruments.
2 more points from Marksans Pharma Ltd's call on capex
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FundraisingQ1 FY27 call
See what Marksans Pharma Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The order book remains strong, indicating healthy demand.
- Growth contributions are expected from multiple geographies, including the U.S., Europe, Australia, and other subsidiaries.
- The company anticipates continuing growth momentum across all markets in the current financial year.
2 more points from Marksans Pharma Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Pharmaceuticals & Biotechnology
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Pharmaceuticals & Biotechnology companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹556 Cr | 22.1 | |
| 2 | 40%+ | Up 0–2% | ₹215 Cr | 22.2 | |
| 3 | 40%+ | Flat | ₹16,144 Cr | — | |
| 4 | 40%+ | Flat | ₹6,072 Cr | 48.0 | |
| 5 | 40%+ | Flat | ₹40 Cr | — | |
| 6 | 20–40% | Up 2%+ | ₹50,220 Cr | 43.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Pharmaceuticals & Biotechnology rankingFinancials of Marksans Pharma Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Marksans Pharma Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 486 | 500 | 531 | 586 | 560 | 591 | 642 | 682 | 708 | 620 | 720 | 754 | 856 |
| Expenses + | 376 | 398 | 417 | 453 | 450 | 462 | 495 | 543 | 582 | 520 | 576 | 594 | 661 |
| Operating Profit | 110 | 102 | 114 | 133 | 110 | 128 | 147 | 139 | 127 | 100 | 144 | 161 | 195 |
| OPM % | 23% | 20% | 21% | 23% | 20% | 22% | 23% | 20% | 18% | 16% | 20% | 21% | 23% |
| Other Income + | 11 | 10 | 19 | 5 | 17 | 15 | -0 | 28 | 15 | 6 | 22 | 20 | 35 |
| Interest | 2 | 2 | 2 | 3 | 5 | 3 | 3 | 3 | 3 | 6 | 6 | 6 | 6 |
| Depreciation | 14 | 14 | 18 | 22 | 21 | 20 | 20 | 21 | 23 | 23 | 27 | 24 | 24 |
| Profit before tax | 104 | 97 | 114 | 113 | 100 | 120 | 125 | 143 | 116 | 77 | 133 | 151 | 200 |
| Tax % | 21% | 27% | 26% | 26% | 23% | 26% | 22% | 27% | 22% | 24% | 26% | 25% | 25% |
| Net Profit + | 83 | 70 | 84 | 83 | 78 | 89 | 98 | 105 | 91 | 58 | 99 | 114 | 149 |
| EPS in Rs | 1.81 | 1.52 | 1.84 | 1.84 | 1.73 | 1.96 | 2.13 | 2.31 | 2.00 | 1.29 | 2.17 | 2.50 | 3.27 |
Financials of Marksans Pharma Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 797 | 893 | 767 | 913 | 1,000 | 1,134 | 1,376 | 1,491 | 1,852 | 2,177 | 2,623 | 2,951 |
| Expenses + | 612 | 757 | 722 | 834 | 868 | 942 | 1,037 | 1,232 | 1,513 | 1,719 | 2,094 | 2,350 |
| Operating Profit | 185 | 136 | 45 | 78 | 132 | 192 | 340 | 259 | 340 | 459 | 529 | 601 |
| OPM % | 23% | 15% | 6% | 9% | 13% | 17% | 25% | 17% | 18% | 21% | 20% | 20% |
| Other Income + | 3 | 9 | 7 | 8 | 5 | 0 | 7 | 42 | 59 | 50 | 70 | 83 |
| Interest | 16 | 10 | 7 | 10 | 10 | 9 | 8 | 8 | 9 | 11 | 12 | 24 |
| Depreciation | 16 | 28 | 30 | 27 | 23 | 27 | 36 | 45 | 52 | 74 | 83 | 99 |
| Profit before tax | 156 | 107 | 15 | 50 | 104 | 157 | 302 | 248 | 338 | 424 | 504 | 561 |
| Tax % | 28% | 23% | 24% | 28% | 23% | 23% | 21% | 25% | 21% | 26% | 24% | 25% |
| Net Profit + | 112 | 83 | 11 | 36 | 80 | 121 | 239 | 187 | 265 | 315 | 383 | 420 |
| EPS in Rs | 2.67 | 1.92 | 0.22 | 0.80 | 1.87 | 2.95 | 5.76 | 4.51 | 5.88 | 6.92 | 8.40 | 9.22 |
| Dividend Payout % | 4% | 21% | 23% | 6% | 3% | 3% | 4% | 6% | 9% | 9% | 10% | 0% |
Financials of Marksans Pharma Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 45 | 45 | 45 | 45 |
| Reserves | 326 | 401 | 392 | 430 | 502 | 595 | 846 | 1,161 | 1,700 | 2,020 | 2,422 | 2,978 |
| Borrowings + | 101 | 100 | 110 | 118 | 100 | 30 | 34 | 111 | 123 | 244 | 322 | 343 |
| Other Liabilities + | 207 | 180 | 209 | 142 | 160 | 236 | 307 | 323 | 322 | 372 | 451 | 494 |
| Total Liabilities | 676 | 722 | 752 | 731 | 802 | 902 | 1,228 | 1,636 | 2,190 | 2,681 | 3,240 | 3,861 |
| Fixed Assets + | 166 | 270 | 267 | 279 | 270 | 303 | 309 | 428 | 486 | 776 | 982 | 1,088 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 3 | 10 | 9 | 27 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 27 | 1 | 0 |
| Other Assets + | 510 | 452 | 484 | 451 | 533 | 599 | 907 | 1,205 | 1,694 | 1,869 | 2,230 | 2,758 |
| Total Assets | 676 | 722 | 752 | 731 | 802 | 902 | 1,228 | 1,636 | 2,190 | 2,681 | 3,240 | 3,861 |
Financials of Marksans Pharma Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 155 | 31 | 14 | 50 | 27 | 233 | 179 | 99 | 237 | 230 | 207 | 458 |
| Cash from Investing Activity + | -33 | -123 | -21 | -39 | -13 | -60 | -45 | -84 | -259 | -141 | -49 | -248 |
| Cash from Financing Activity + | 17 | -58 | -3 | 3 | -21 | -114 | -15 | 80 | 198 | -69 | -65 | -71 |
| Net Cash Flow | 138 | -150 | -10 | 15 | -7 | 60 | 118 | 94 | 176 | 21 | 93 | 139 |
| Free Cash Flow | 118 | -101 | -14 | 11 | 14 | 174 | 133 | 53 | 184 | 22 | 35 | 329 |
| CFO/OP | 108% | 43% | 31% | 73% | 41% | 134% | 67% | 66% | 88% | 77% | 63% | 100% |
Financials of Marksans Pharma Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 84 | 89 | 118 | 71 | 64 | 78 | 72 | 97 | 82 | 76 | 75 | 80 |
| Inventory Days | 107 | 120 | 151 | 152 | 215 | 155 | 248 | 216 | 192 | 217 | 270 | 278 |
| Days Payable | 88 | 85 | 129 | 54 | 78 | 71 | 103 | 102 | 91 | 94 | 98 | 96 |
| Cash Conversion Cycle | 103 | 124 | 140 | 169 | 202 | 163 | 217 | 211 | 183 | 199 | 247 | 261 |
| Working Capital Days | 17 | 59 | 77 | 70 | 97 | 87 | 104 | 121 | 122 | 129 | 142 | 149 |
| ROCE % | 44% | 23% | 4% | 10% | 18% | 25% | 38% | 23% | 22% | 21% | 20% | 19% |
Guidance history
How Marksans Pharma Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 20–40% | Up 0–2% | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
91 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +71.7% | 90% |
| Last 6 months | +70.8% | 93% |
| Last 3 months | +21.9% | 88% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Marksans Pharma Ltd: 0.4 × 90 + 0.4 × 93 + 0.2 × 88 = 91.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Marksans Pharma Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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