| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 4,979 | 3,302 | +50.8% |
| EBITDA | 1,666 | 1,083 | +53.8% |
| EBITDA margin | 33.5% | 32.8% | +0.7 pts |
| Profit before tax | 737 | 791 | −6.8% |
| Net profit | 534 | 591 | −9.6% |
| EPS | ₹14.05 | ₹17.45 | −19.5% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 1,54,236 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 2,964 | 1,983 | 685 | 976 | 664 | ||
| 0.0 | 9,196 | 0.0 | — | 0.0 | ||
| 14,798 | 14,798 | 3,026 | 3,938 | 5,297 | ||
| 1,66,070 | — | — | — | — | ||
| 17,400 | 13,980 | 11,516 | 10,728 | 9,620 | ||
| — | +21.4% | +7.3% | +11.5% | — | ||
| 5,774 | 4,559 | 3,721 | 3,368 | 2,842 | ||
| 33.2% | 32.6% | 32.3% | 31.4% | 29.5% | ||
| 3,858 | 3,440 | 2,926 | 2,560 | 2,135 | ||
| 2,099 | 2,138 | 1,911 | 1,656 | 1,245 | ||
| 12.1% | 15.3% | 16.6% | 15.4% | 12.9% | ||
| ₹62.75 | ₹63.91 | ₹56.46 | ₹48.93 | ₹36.78 | ||
| — | +13.2% | +15.4% | +33.0% | — | ||
| — | 3,023 | 2,585 | 3,266 | 2,368 | ||
| — | −677 | −611 | −433 | −574 | ||
| 2,346 | 2,346 | 1,974 | 2,833 | 1,794 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 1,54,236.2 | |
| - Cash, Equiv & ST Investments | 664.0 | 976.0 | 685.0 | 1,983.0 | 2,964.0 | |
| + Minority Interest | 0.0 | — | 0.0 | 9,196.0 | 0.0 | |
| + Total Debt | 5,297.0 | 3,938.0 | 3,026.0 | 14,798.0 | 14,798.0 | |
| Enterprise Value | — | — | — | — | 1,66,070.2 | |
| Revenue | 9,620.0 | 10,728.0 | 11,516.0 | 13,980.0 | 17,400.0 | |
| Growth %, YoY | — | +11.5 | +7.3 | +21.4 | — | |
| EBITDA | 2,842.0 | 3,368.0 | 3,721.0 | 4,559.0 | 5,774.0 | |
| Margin % | 29.54 | 31.39 | 32.31 | 32.61 | 33.18 | |
| EBIT | 2,135.0 | 2,560.0 | 2,926.0 | 3,440.0 | 3,858.0 | |
| Net Income | 1,245.0 | 1,656.0 | 1,911.0 | 2,138.0 | 2,099.0 | |
| Margin % | 12.94 | 15.44 | 16.59 | 15.29 | 12.06 | |
| EPS, Adj (current shares) | 36.78 | 48.93 | 56.46 | 63.91 | 62.75 | |
| Growth %, YoY | — | +33.0 | +15.4 | +13.2 | — | |
| Cash from Operations | 2,368.0 | 3,266.0 | 2,585.0 | 3,023.0 | — | |
| Capital Expenditures | -574.0 | -433.0 | -611.0 | -677.0 | — | |
| Free Cash Flow | 1,794.0 | 2,833.0 | 1,974.0 | 2,346.0 | 2,346.0 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Torrent Pharmaceuticals (NSE: TORNTPHARM) had a market capitalisation of ₹1,74,205 crore at the 29 October 2026 close (₹4,580.00 a share), a PE ratio of 82.0 on the last four quarters' profit and a price-to-book ratio of 9.48. In FY26 its consolidated net profit was ₹2,163 crore on revenue of ₹13,980 crore; in Q2 FY27 (July–September 2026) it was ₹534 crore, down 9.6% year on year. Its debt-to-equity ratio was 0.76 on 30 September 2026. Promoters held 60.78% of the shares on 30 September 2026.
Torrent Pharma's PE ratio is 82.0 at the 29 October 2026 close (₹4,580.00 a share): a market capitalisation of ₹1,74,205 crore divided by consolidated net profit of ₹2,124 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹2,163 crore) it is 80.5.
Torrent Pharma's debt-to-equity ratio was 0.76 on 30 September 2026: borrowings of ₹13,874 crore against total equity of ₹18,373 crore. A year earlier, on 30 September 2025, it was 0.31.
Torrent Pharma's book value per share was ₹483.04 on 30 September 2026: shareholders' equity of ₹18,373 crore divided by the 38.04 crore shares in issue. The share price at the 29 October 2026 close was ₹4,580.00.
Torrent Pharma's price-to-book (PB) ratio is 9.48 at the 29 October 2026 close: a market capitalisation of ₹1,74,205 crore divided by shareholders' equity (book value) of ₹18,373 crore on 30 September 2026. That is a book value of ₹483.04 per share against a share price of ₹4,580.00.
Torrent Pharma's net worth — shareholders' equity in its consolidated balance sheet — was ₹18,373 crore on 30 September 2026, up 117.5% from ₹8,449 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,74,205 crore at the 29 October 2026 close.
In FY26, Torrent Pharma's return on equity (ROE) was 27.1% and its return on capital employed (ROCE) was 14.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 26.5% and ROCE 29.4%.
Torrent Pharma's market capitalisation was ₹1,74,205 crore (₹1.74 lakh crore) at the 29 October 2026 close: 38.04 crore shares at ₹4,580.00 each.
No. Torrent Pharma had borrowings of ₹13,874 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.76. Its cash and current investments were ₹2,986 crore, so its net debt was ₹10,888 crore.
Torrent Pharma's basic earnings per share (EPS) were ₹63.92 in FY26, against ₹56.47 in FY25.
In 2026, Torrent Pharma has declared two dividends totalling ₹38 a share: ₹29 (interim) with record date 19 February 2026 and ex-date 18 February 2026 and ₹9 with record date 29 May 2026.
Promoters held 60.78% of Torrent Pharma on 30 September 2026, down 7.53 percentage points from 68.31% the previous quarter and down 7.53 percentage points from 68.31% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Torrent Pharma generated ₹3,023 crore of cash from operations and spent ₹677 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹2,346 crore. In FY25 it was ₹1,974 crore.
On 30 September 2026, Torrent Pharma's shares were held by promoters 60.78%, foreign portfolio investors (FII/FPI) 17.22%, domestic institutions (DII) 13.46% (including mutual funds at 8.82%) and retail and other non-institutional investors 8.54%. Over the year, FII holding was up 1.30 percentage points from 15.92% and DII holding was up 4.18 percentage points from 9.28%.
Torrent Pharma's latest results are for Q2 FY27 (July–September 2026), filed on 23 October 2026: consolidated net profit ₹534 crore, down 9.6% from ₹591 crore in Q2 FY26; revenue from operations ₹4,979 crore, up 50.8% year on year.
In FY26, Torrent Pharma earned net profit of ₹2,163 crore on revenue of ₹13,980 crore, against ₹11,479 crore on ₹58,462 crore for Sun Pharma. Torrent Pharma's operating margin was 24.6% (Sun Pharma 25.3%) and its return on equity 27.1% (Sun Pharma 14.7%). At the 29 October 2026 close, Torrent Pharma's market capitalisation was ₹1,74,205 crore against ₹4,22,517 crore for Sun Pharma, and its PE ratio on FY26 profit 80.5 against 36.8.
In FY26 (April 2025–March 2026), Torrent Pharma's consolidated net profit was ₹2,163 crore, up 13.2% from ₹1,911 crore in FY25, on revenue from operations of ₹13,980 crore (up 21.4%). Over three years, from FY23, net profit was up 73.7%.
Torrent Pharma has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against Sun Pharma, J.B. Chemicals & Pharmaceuticals and Mankind Pharma: Torrent Pharma's operating margin of 24.6% is the second highest of the four (Sun Pharma 25.3%, J.B. Chemicals & Pharmaceuticals 22.3%, Mankind Pharma 19.1%; peer average 22.2%); its return on equity of 27.1% is the highest of the four (Sun Pharma 14.7%, J.B. Chemicals & Pharmaceuticals 18.7%, Mankind Pharma 12.5%; peer average 15.3%); its revenue growth over three years of 13.3% a year is the second highest of the four (Sun Pharma 10.0% a year, J.B. Chemicals & Pharmaceuticals 9.6% a year, Mankind Pharma 17.7% a year; peer average 12.5% a year).
From Torrent Pharmaceuticals' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.