Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Astrazeneca Pharma India Ltd

ASTRAZEN
Pharma - MNC bulk Drugs

Astrazeneca Pharma India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: annual EPS moved +62.0% against a −12.0% price move — the market has not yet caught up with the delivery.

The price is in a downtrend (15 weeks in) while the P/E sits at the 46th percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −22.4% year on year, and 17% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.

Stage
Turning around
fundamental trajectory, 12 quarters
Price
₹8,024
−12.0% 1Y
P/E
105.0×
46th pctile
of its own 10-year range
Revenue (Mar 26)
₹579 Cr
+20.6% YoY
Profit (Mar 26)
₹45.0 Cr
−22.4% YoY
Operating margin
11.0%
−7.0 pp YoY
ROCE
29%
FY26
ROIC
35.9%
vs WACC 12.0% → +23.9 pp
Cash conversion
17%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Astrazeneca Pharma India Ltd trades at ₹8,024, in a downtrend and 15 weeks into that stage. That is −5.6% against its own 200-day average. It sits at 6% of a 52-week range of ₹7,931 to ₹9,555. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (12 weeks and counting).

Today the stock is in a downtrend — week 15 of stage 4, confirmed. At ₹8,024 it trades −5.6% versus its 200-day average and sits at 6% of its 52-week range (₹7,931–₹9,555).

Jul 26: ₹8,024 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−5.6% versus the 200-day line, week 15 of stage 4
Price50-day avg200-day avg
S2S4₹11,082₹9,006₹6,929₹4,852₹2,775₹8,024₹8,495Jul 23Apr 24Jan 25Oct 25Jul 26
S2S4₹11,082₹9,006₹6,929₹4,852₹2,775₹8,024₹8,495Jul 23Jan 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (544 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +536% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (12 weeks and counting; last ahead the week of 2026-05-29) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 46th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Astrazeneca Pharma India Ltd trades at 105.0× P/E, mid-range by its own standards (46th percentile). Its long-run median P/E is 107.1×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 105.0× is mid-range by its own standards (46th percentile), against a long-run median of 107.1× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 105.0× vs a 107.1× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.4-year window; loss-period spikes above 188× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
mid-range by its own standards (46th percentile)
P/EMedianEPS (TTM) (quarterly)
197.8×₹99.9161.5×₹74.9125.3×₹49.989.0×₹25.052.7×₹0.0×104.60×₹77Mar 16Feb 19Aug 21Feb 24Jul 26
197.8×₹99.9161.5×₹74.9125.3×₹49.989.0×₹25.052.7×₹0.0×104.60×₹77Mar 16Aug 21Jul 26
PEG 1.67 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Computed here as quarter-end P/E ÷ trailing-twelve-month EPS growth (only quarters with positive growth), because a reported quarterly PEG is not held for this stock. Last 8 quarters.
above 1.0, the multiple already banks the growth
PEGPEG = 1.0
4.0×3.1×2.3×1.4×0.6××1.67×Q1 FY24Q2 FY24Q4 FY24Q2 FY26Q4 FY26
4.0×3.1×2.3×1.4×0.6××1.67×Q1 FY24Q4 FY24Q4 FY26
P/E
105.0×
46th percentile of 10y
PEG
n/m
not derivable — 3-year earnings growth unavailable

Why the multiple sits where it does: over the past year annual EPS moved +62.0% against a −12.0% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +17.9%/yr price move, ~+15.8%/yr came from earnings growth and ~+2.1 pp from the multiple (expanding); over 10y, of the +22.7%/yr price move, ~+28.9%/yr came from earnings growth and ~−6.2 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Turning around

Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Astrazeneca Pharma India Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −30.9% at the trough to +63.5% off a 5-quarter-old trough, ROCE slipping at 28.3%. The read is built from 12 quarters across 4 curves, on full evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
36%161%33%105%29%50%26%−6.3%23%−62%%%32.6%63.5%62%Jun 23Sep 24Mar 26
36%161%33%105%29%50%26%−6.3%23%−62%%%32.6%63.5%62%Jun 23Sep 24Mar 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
36%31%25%19%14%%28.3%Jun 23Sep 24Mar 26
36%31%25%19%14%%28.3%Jun 23Sep 24Mar 26
Revenue growth
Steady high
latest +32.6% · span +23.5% to +35.3%
Profit growth
Rolling over
latest +63.5% · span −46.7% to +145.7%
EPS growth
Rolling over
latest +62.0% · span −46.4% to +143.2%
ROCE
Rolling over
latest 28.3% · span 15.5%–34.5%

Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.

Growth, year by year: revenue +32.6% in FY26, profit +62.1% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
35%327%25%230%15%133%4.1%36%−6.4%−61%%%32.6%62.1%FY16FY21FY26
35%327%25%230%15%133%4.1%36%−6.4%−61%%%32.6%62.1%FY16FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+32.6%) with the last 8 annualized (+32.6%).
revenue stabilising, profit accelerating
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
36%161%33%105%29%50%26%−6.3%23%−62%%%32.6%63.5%Jun 23Sep 24Mar 26
36%161%33%105%29%50%26%−6.3%23%−62%%%32.6%63.5%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+32.6%+31.4%+22.8%+15.0%
Profit+62.1%+23.8%+15.1%+43.7%
EPS+62.0%+23.6%+15.0%+43.0%
Share price−12.0%+28.9%+17.9%+22.7%
Revenue YoY (Mar 26)
+20.6%
latest quarter vs a year ago
Profit YoY (Mar 26)
−22.4%
latest quarter vs a year ago
Revenue 10y
15.0%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

39.8/100 — rank 7 of 8 in Pharma - MNC bulk Drugs · 83% evidence confidence

Astrazeneca Pharma India Ltd scores 39.8 out of 100 against the 8 companies it is compared with in Pharma - MNC bulk Drugs, ranking 7. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 16.3 + 8.4 + 4.3 + 10.8 = 39.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Astrazeneca Pharma India Ltd reported ₹579 Cr of revenue in the Mar 26 quarter, +20.6% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 15.0% a year. The last full year, FY26, came in at ₹2,276 Cr. The last four reported quarters add to ₹2,276 Cr.

Astrazeneca Pharma India Ltd reported ₹579 Cr of revenue in the Mar 26 quarter, +20.6% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 15.0% a year. The last full year, FY26, came in at ₹2,276 Cr. The last four reported quarters add to ₹2,276 Cr.

FY26 revenue came in at ₹2,276 Cr (+32.6% on the year), capping 10 years at 15.0% compound. The latest quarter (Mar 26) printed ₹579 Cr, +20.6% year on year — the 12th consecutive quarter of year-over-year growth.

FY26 revenue ₹2,276 Cr (+32.6% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
15.0% a year over 10 years
RevenueYoY growth
2.5k35%1.8k25%1.2k15%6154.1%0−6.4%₹ Cr%₹2,27632.6%FY16FY21FY26
2.5k35%1.8k25%1.2k15%6154.1%0−6.4%₹ Cr%₹2,27632.6%FY16FY21FY26
Mar 26: ₹579 Cr (+20.6% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
12th straight quarter of growth
Revenue (quarterly)YoY growth
66146%49639%33032%16525%019%₹ Cr%₹57920.6%Jun 23Sep 24Mar 26
66146%49639%33032%16525%019%₹ Cr%₹57920.6%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +33.1% growth against the decade's 15.0% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +32.6% over the last 4 quarters against +32.6%/yr over the last 8 — stabilising; TTM profit +63.5% vs +8.1%/yr — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: 11.0% this quarter (−7.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Astrazeneca Pharma India Ltd's operating margin is 11.0% in the Mar 26 quarter, −7.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −3.0% to 17.0%. The current quarter sits inside that band.

Astrazeneca Pharma India Ltd's operating margin is 11.0% in the Mar 26 quarter, −7.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −3.0% to 17.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 11.0%, −7.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −3.0%–17.0%.

🚨 Why the margin moved: operating margin went −7.5 pp year on year while gross margin went −14.1 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: 12.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a −3.0–17.0% band over 13 years
operating marginYoY change (pp)
19%5.9%13%2.7%7.0%−0.5%1.2%−3.7%−4.6%−6.9%%%12%−3%FY14FY20FY26
19%5.9%13%2.7%7.0%−0.5%1.2%−3.7%−4.6%−6.9%%%12%−3%FY14FY20FY26
Mar 26: 11.0% operating margin (−7.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
24%14%19%6.8%14%−0.5%8.8%−7.8%3.6%−15%%%11%−7%Jun 23Sep 24Mar 26
24%14%19%6.8%14%−0.5%8.8%−7.8%3.6%−15%%%11%−7%Jun 23Sep 24Mar 26

→ Margins slipped — did that reach the bottom line? Next: profit −22.4% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Astrazeneca Pharma India Ltd earned ₹45.0 Cr of net profit in the Mar 26 quarter, −22.4% year on year. Full-year FY26 profit was ₹188 Cr. The 10-year compound rate is 43.7%. That is 7.8% of the quarter's revenue. The same quarter a year earlier earned ₹58.0 Cr. 1 of the last 12 reported quarters were loss-making.

Astrazeneca Pharma India Ltd earned ₹45.0 Cr of net profit in the Mar 26 quarter, −22.4% year on year. Full-year FY26 profit was ₹188 Cr. The 10-year compound rate is 43.7%. That is 7.8% of the quarter's revenue. The same quarter a year earlier earned ₹58.0 Cr. 1 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹45.0 Cr, −22.4% year on year. On the full year, FY26 printed ₹188 Cr (+62.1%), and the 10-year compound rate is 43.7%.

FY26 profit ₹188 Cr (+62.1% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
43.7% a year over 10 years
Net profitYoY growth
203327%152230%102133%5137%0−60%₹ Cr%₹18862.1%FY16FY21FY26
203327%152230%102133%5137%0−60%₹ Cr%₹18862.1%FY16FY21FY26
Mar 26: ₹45.0 Cr (−22.4% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
64193%43109%2324%3−61%−18−146%₹ Cr%₹45−22.4%Jun 23Sep 24Mar 26
64193%43109%2324%3−61%−18−146%₹ Cr%₹45−22.4%Jun 23Sep 24Mar 26

🚨 Why profit moved: revenue contributed +20.6% and the margin −7.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit +8.7% vs revenue +33.1%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit rose — but did the cash follow? Next: 17% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 17% of Astrazeneca Pharma India Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−15.0 Cr of operating cash against ₹188 Cr of profit. After ₹82.0 Cr of capital spending, ₹−97.0 Cr was left as free cash.

FY26: operating cash of ₹−15.0 Cr against reported profit of ₹188 Cr, leaving free cash of ₹−97.0 Cr after ₹82.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 17% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−15.0 Cr vs profit ₹188 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
17% of 3-year profit arrived as cash
Operating cashNet profitFree cash
21112846−37−120₹ Cr₹−15₹188₹−97FY16FY21FY26
21112846−37−120₹ Cr₹−15₹188₹−97FY16FY21FY26
FY26: CFO = −8% of profit (three-year rate 17%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
325%235%146%57%−33%%−8%FY16FY21FY26
325%235%146%57%−33%%−8%FY16FY21FY26

🚨 Why conversion sits at 17%: the cash cycle stretched 84 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 84 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 99-day cycle, in money terms.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Astrazeneca Pharma India Ltd's cash conversion cycle runs 99 days in FY26, up from 15 days in FY21. Capital spending ran ₹131 Cr over the last 3 years. At FY26 sales of ₹2,276 Cr each day of that cycle holds about ₹6.2 Cr, so roughly ₹617 Cr sits inside the business at any moment.

FY26: debtors at 34 days, inventory at 272 days — roughly 8.9 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 99 days, looser than FY21's 15.

The full loop: cash goes out to suppliers and production on day 0; stock waits 272 days to sell; customers pay about 34 days after that; and suppliers themselves are paid at 207 days — netting out to the 99-day cycle.

In money terms: at FY26 sales of ₹2,276 Cr, each day of the cycle holds about ₹6.2 Cr — so the 99-day loop keeps roughly ₹617 Cr sitting inside the business at any moment.

FY26: a 99-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
+84 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
29720711726−64days99d272d34d207dFY14FY17FY20FY23FY26
29720711726−64days99d272d34d207dFY14FY20FY26

On the investment side: capital spending of ₹131 Cr over the last 3 fiscal years against ₹84.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹82.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
896644220₹ Cr₹82₹0FY16FY18FY21FY23FY26
896644220₹ Cr₹82₹0FY16FY21FY26

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 29% and the ROIC − WACC spread is +23.9 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Astrazeneca Pharma India Ltd earns a ROCE of 29% in FY26. That is up from a trough of −13% in FY15. Return on invested capital clears the cost of that capital by +23.9 percentage points, so growth here adds value rather than only size. The wiring behind it is 8.3% net margin on 1.14× asset turns.

FY26 ROCE is 29%, recovered from a FY15 trough of −13% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 8.3% net margin × 1.14× asset turns × 2.28× balance-sheet leverage ≈ 21.6% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 35.9% − 12.0% = a +23.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 29% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY15's −13%
ROCEROIC (annual)WACC
143%101%59%17%−25%%29%43.1%FY14FY20FY26
143%101%59%17%−25%%29%43.1%FY14FY20FY26
Q4 FY26: ROCE 23.2% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
143%108%72%37%2.3%%23.2%61.9%Q1 FY24Q2 FY25Q4 FY26
143%108%72%37%2.3%%23.2%61.9%Q1 FY24Q2 FY25Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.13.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Astrazeneca Pharma India Ltd carries total debt of ₹111 Cr against shareholder equity of ₹873 Cr as of Mar 26, a debt-to-equity of 0.13 — effectively unlevered. On the annual view that ratio went from 0.02 in FY22 to 0.13 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹111 Cr against shareholder equity of ₹873 Cr — a debt-to-equity of 0.13. On the annual view, debt-to-equity went from 0.02 (FY22) to 0.13 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹111 Cr at 0.13× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
1200.14×900.10×600.07×300.04×00.00×₹ Cr×₹1110.13×FY22FY24FY26
1200.14×900.10×600.07×300.04×00.00×₹ Cr×₹1110.13×FY22FY24FY26
Mar 26: debt ₹111 Cr, debt-to-equity 0.13 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
1200.14×900.10×600.07×300.04×00.00×₹ Cr×₹1110.13×Jun 23Sep 24Mar 26
1200.14×900.10×600.07×300.04×00.00×₹ Cr×₹1110.13×Jun 23Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 1.1 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 1.1 points of Astrazeneca Pharma India Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 6.1% of the company. Foreign institutions moved −0.1 points over the same window, to 2.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +1.1 points over 8 quarters to 6.1%; Foreign institutions: −0.1 points over 8 quarters to 2.7%; Promoters: +0.0 points over 8 quarters to 75.0%.

Why the register moved: domestic institutions drove it (+1.1 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
81%60%39%18%−3.1%%75%2.8%5.8%16.4%Mar 24Mar 25Mar 26
81%60%39%18%−3.1%%75%2.8%5.8%16.4%Mar 24Mar 25Mar 26
Domestic institutions added 1.1 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
81%60%38%17%−3.9%%75%2.7%6.1%16.2%Jun 23Dec 24Jun 26
81%60%38%17%−3.9%%75%2.7%6.1%16.2%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Astrazeneca Pharma India Ltd: the Z-score reads 14.42. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

Why it matters: a Z-score of 14.42 sits well clear of the distress zone — the balance sheet is not the risk here.

The safety line in one sentence: the Z-score reads 14.42.

Related companies · same sector · Pharma - MNC bulk Drugs Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Astrazeneca Pharma India Ltd this page105.0×₹20,014 CrMixed
Abbott India Ltd38.5×₹59,511 CrConsistent
Glaxosmithkline Pharmaceuticals Ltd44.3×₹42,594 CrConsistent
Pfizer Ltd27.9×₹21,152 CrMixed
Procter & Gamble Health Ltd34.1×₹11,145 CrImproving
Sanofi Consumer Healthcare India Ltd42.6×₹10,766 CrNo read
Sanofi India Ltd17.6×₹7,805 CrNo read
Novartis India Ltd41.4×₹4,052 CrTopping out
12 · Frequently asked questions

Frequently asked questions

What is Astrazeneca Pharma India Ltd's share price today?

Astrazeneca Pharma India Ltd trades at ₹8,024, −12.0% over the past year. The company is valued at ₹20,014 Cr. The stock sits at 6% of its 52-week range of ₹7,931–₹9,555, −5.6% versus its 200-day average. On the tape, the price is in a downtrend, 15 weeks in. — as of 24 July 2026.

What were Astrazeneca Pharma India Ltd's latest quarterly results?

Astrazeneca Pharma India Ltd reported revenue of ₹579 Cr and net profit of ₹45.0 Cr for the Mar 26 quarter. Revenue rose 20.6% and profit fell 22.4% year on year. Earnings per share were ₹17.95. The operating margin was 11.0%, 7.0 pp lower than a year earlier. — as of 24 July 2026.

What is Astrazeneca Pharma India Ltd's revenue?

Astrazeneca Pharma India Ltd reported revenue of ₹579 Cr in the Mar 26 quarter, +20.6% year on year. For the full FY26 fiscal year, revenue was ₹2,276 Cr (+32.6%). Over the last 10 years revenue compounded at 15.0% a year. — as of 24 July 2026.

What is Astrazeneca Pharma India Ltd's profit?

Astrazeneca Pharma India Ltd earned ₹45.0 Cr of net profit in the Mar 26 quarter, −22.4% year on year. Full-year FY26 profit was ₹188 Cr. The operating margin ran 11.0% in the latest quarter. — as of 24 July 2026.

What is Astrazeneca Pharma India Ltd's market cap?

Astrazeneca Pharma India Ltd's market capitalisation is ₹20,014 Cr at a share price of ₹8,024. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Astrazeneca Pharma India Ltd's P/E ratio?

Astrazeneca Pharma India Ltd trades at a P/E of 105.0×, at the 46th percentile of its own 10-year range, against a long-run median of 107.1×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Astrazeneca Pharma India Ltd pay a dividend?

Yes — Astrazeneca Pharma India Ltd's dividend payout was 48% of profit in FY26, and it recorded a payout in 7 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.

Is Astrazeneca Pharma India Ltd overvalued?

On its own history, Astrazeneca Pharma India Ltd looks mid-range against its own history: its P/E of 105.0× sits at the 46th percentile of its 10-year range (long-run median 107.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Astrazeneca Pharma India Ltd growing?

Not right now — Astrazeneca Pharma India Ltd's latest numbers are shrinking: latest-quarter revenue +20.6% year on year, profit −22.4%, and the margin −7.0 pp at 11.0%. The 10-year compound rates are 15.0% (revenue) and 43.7% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.

How is Astrazeneca Pharma India Ltd performing?

Astrazeneca Pharma India Ltd is in a downtrend, 15 weeks in. Its latest quarter's revenue rose 20.6% and profit fell 22.4% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 12 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Astrazeneca Pharma India Ltd in?

Turning around — profit growth swung from −30.9% at the trough to +63.5% off a 5-quarter-old trough, ROCE slipping at 28.3%. The read comes from the last 12 quarters of growth (revenue growth +32.6% latest, profit growth +63.5% latest, eps growth +62.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Astrazeneca Pharma India Ltd in an uptrend?

No — the price is in a downtrend (week 15 of stage 4), trading −5.6% versus its 200-day average and at 6% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Astrazeneca Pharma India Ltd beating the market?

Not lately — on a trailing-13-week view Astrazeneca Pharma India Ltd is currently behind the NIFTY 500 (12 weeks and counting; last ahead the week of 2026-05-29), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +536% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.

Will Astrazeneca Pharma India Ltd's share price go up?

This page publishes no price forecast for Astrazeneca Pharma India Ltd. What it measures instead: the share price is ₹8,024, the price is in a downtrend 15 weeks in. Its P/E of 105.0× sits at the 46th percentile of its own 10-year range. — as of 24 July 2026.

Who owns Astrazeneca Pharma India Ltd?

Promoters hold 75.0% of Astrazeneca Pharma India Ltd, foreign institutions 2.7%, domestic institutions 6.1% and the public 16.2% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 1.1 points over 8 quarters. — as of 24 July 2026.

Does Astrazeneca Pharma India Ltd have too much debt?

No — Astrazeneca Pharma India Ltd's debt-to-equity is 0.13, and operating profit covers the interest bill 66×. FY26 borrowings were ₹111 Cr against equity of ₹873 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.

What is Astrazeneca Pharma India Ltd's capex?

Astrazeneca Pharma India Ltd spent ₹131 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹82.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Astrazeneca Pharma India Ltd's cash flow?

Astrazeneca Pharma India Ltd generated ₹−15.0 Cr of operating cash flow in FY26 and ₹−97.0 Cr of free cash flow after ₹82.0 Cr of capital spending. Reported profit that year was ₹188 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Astrazeneca Pharma India Ltd's profit real cash?

Not fully — over the last 3 fiscal years, 17% of Astrazeneca Pharma India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−15.0 Cr against reported profit of ₹188 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.

How financially safe is Astrazeneca Pharma India Ltd?

On the balance sheet, the Z-score reads 14.42 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 24 July 2026.

Where is Astrazeneca Pharma India Ltd in its business cycle?

Astrazeneca Pharma India Ltd's FY26 operating margin was 12.0%, against a 13-year band of −3.0%–17.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 11.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Astrazeneca Pharma India Ltd story?

The sharpest disagreement: annual EPS moved +62.0% against a −12.0% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Astrazeneca Pharma India Ltd a stock worth studying right now?

This is not investment advice. The machine read: Astrazeneca Pharma India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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