AnnualReportAI — Business Intelligence
Financial & Valuation Intelligence™

Mankind Pharma Limited

NSE
MANKIND
Sector: Healthcare· Pharmaceuticals
Current Price
₹2,219.5
Market Cap
₹99.48K Cr
AI Financial Summary

Mankind Pharma Limited demonstrates strong profitability and capital allocation, supported by robust revenue and net profit growth over the long term. However, recent trends show declining ROE and ROCE, alongside fluctuating free cash flow. The company maintains a moderate debt profile but faces challenges with current liquidity. The current valuation indicates the stock is trading above its calculated fair value, suggesting a premium. Overall, while the business exhibits solid operational metrics, attention should be paid to the recent efficiency and cash flow trends.

Business Performance (CAGR)

10 Years
Revenue
23.1%
PAT
23.4%
EPS
-19.9%
Book Value
-12.8%
Free Cash Flow
37.1%

Valuation Snapshot

P/E43.3
P/B5.1
EV/EBITDA29.1
P/S7
Div Yield0.04%

Financial Health

Debt to Equity0.39
Interest Coverage4.6x
Current Ratio0.85
Cash & Investments₹2.47K Cr

Profitability Metrics

ROE
11.7%
ROCE
13.2%
ROA
6.9%
EBITDA Mgn
25.4%
Op Margin
20.9%
Net Margin
13.4%

Cash Flow Intelligence

Operating Cash Flow₹3.12K Cr
Free Cash Flow₹2.32K Cr
Cash Conversion163.2%
FCF Margin16.2%

Intrinsic Value

Premium
Estimated Intrinsic Value
████████
Current Price₹2,219.5
Margin of Safety██.██%
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Estimated Intrinsic Value & DCF Fair Value are available with Premium plans.

AI Business Verdict

Mankind Pharma presents a strong operational base with impressive historical growth and capital allocation. However, recent declines in capital efficiency metrics (ROE, ROCE), volatile free cash flow, and a low current ratio necessitate careful monitoring. The current market valuation appears to be at a premium to its calculated intrinsic value, suggesting that the market has factored in future growth potential.

  • Strong historical revenue and net profit growth.
  • Excellent capital allocation efficiency as indicated by a high score.
  • Robust operating cash flow generation, significantly exceeding net profits.
  • Moderate debt levels with good interest coverage.

Balance Sheet

AI-Powered Analysis
Balance Sheet Strength™
60/100
Adequate

Mankind Pharma Limited has an adequate but tight balance sheet — leverage and liquidity warrant monitoring.

AI Confidence
92%
Stability
60
Flexibility
64
Strength Factors
Liquidity42
Leverage86
Working Capital52
Asset Quality61
Shareholder Strength58
Financial Stability60
Financial Flexibility™
64/100
Good

Capacity to fund growth, withstand downturns and return capital.

Total Assets
₹27.75K Cr
▼ 6.8% YoY
Total Liabilities
₹11.45K Cr
▼ 25.8% YoY
Shareholder Equity
₹16.30K Cr
▲ 13.7% YoY
Net Cash Position
₹-3.84K Cr
Monitor
Debt / Equity
0.39x
Manageable
Enterprise Value
₹1.03 L Cr
Capital Structure
Assets
₹27.75K Cr
Equity
₹16.30K Cr (58.7%)
Liabilities
₹11.45K Cr (41.3%)
Debt Intelligence™
Debt vs Cash Trend
Debt / Equity0.39x
Interest Coverage4.6x
Debt / EBITDA3.30x
Net Debt₹3.84K Cr
Debt Trend (5Y)995.5%
Debt MaturityWell Staggered
Liquidity Intelligence™
Current Ratio0.85
Quick Ratio0.43
Cash Ratio0.04
Working Capital₹-786 Cr
Operating Cash CoverageGood
Short-term LiquidityWeak
Working Capital Intelligence™
CCC Trend
Receivable Days44
Inventory Days55
Payable DaysNot Available
Cash Conversion Cycle99 days
Asset Quality (% of Total Assets)
Cash & Investments1.7%
Property, Plant & Equip.67.1%
ReceivablesNot Available
InventoryNot Available
GoodwillNot Available
Intangible AssetsNot Available
Other Assets28.8%
Shareholder Strength™
Strength Radar
Book Value CAGR (5Y)-12.8%
Net Worth CAGR (5Y)34.4%
Retained EarningsAdequate
Equity Dilution0.00%
Buyback EfficiencyWeak
Dividend Sustain.Strong
Balance Sheet Evolution
Annual
Balance Sheet Risk Monitor
Debt RiskLow
Liquidity RiskHigh
Working Capital RiskElevated
Refinancing RiskLow
Asset Quality RiskElevated
Dilution RiskLow
Contingent LiabilityLow
Overall Balance Sheet RiskElevated
Balance Sheet Stress Test™
Economic Slowdown62
Acquisition Capacity71
High Interest Rates78
Dividend Sustainability61
Revenue Decline53
Cash Flow Resilience63
Expansion Capacity62
Overall Resilience Score
64/100
Adequate Resilience
AI Balance Sheet Commentary
Overall Assessment
  • Mankind Pharma Limited has an adequate but tight balance sheet — leverage and liquidity warrant monitoring.
What Stands Out
  • Balance sheet is functional but shows no standout strengths
Areas To Monitor
  • Tight short-term liquidity cushion
  • Long working capital cycle
  • Slow book value compounding
Financial data based on consolidated numbers and TTM · Source: Company Filings, Annual Report AI Analysis · Data as of: 31/03/2026