Manufactures cephalosporin antibiotics, including active pharmaceutical ingredients (APIs) and sterile finished dosage forms, and operates as India's only USFDA-approved sterile cephalosporin manufacturer. FY26 standalone revenue stood at Rs 811.33 crore, with net profit of Rs 20.55 crore on a consolidated basis and an EBITDA margin of 8.59%. The lead product Exblifep (Cefepime/Enmetazobactam), a novel antibiotic for complicated urinary tract infections and hospital pneumonia already approved by the US FDA and EMA, is being commercialised in Russia through a licensing and supply deal with Pharmasyntez JSC, with Orchid supplying the finished product; the deal represents a potential USD 178 million opportunity over 10 years. Capital expenditure ran at 47.3% of FY26 revenue, mostly directed to the Jammu manufacturing facility, including Rs 750 crore for a 1,000 MT 7ACA plant scheduled for commissioning in FY27 and Rs 200 crore for the Cefiderocol access project. The management targets 5-6 sterile US product launches by 2030, with capital allocation of 73% to 7ACA integration, 20% to finished dosage capability and 5% to R&D, against a global cephalosporin API market it cites at USD 3 billion with 15-20% annual growth potential. Inputs are dominated by materials at 57.0% of revenue, followed by other operating expenses at 18.8% and employees at 11.3%. A merger with Dhanuka Laboratories became effective on July 10, 2026, with an appointed date of April 1, 2024, intended to create an integrated anti-infectives platform from key starting materials to finished dosage. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cephalosporin API manufacturing, Sterile finished dosage formulations, Licensing and supply of novel antibiotics. Asset-heavy pharmaceutical manufacturer in a heavy capex phase, with backward integration into cephalosporin intermediates and sterile injectable capabilities
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 560 | 666 | 819 | 922 | 811 |
| EBITDA (ex other income) | 50 | 123 | 111 | 117 | 35 |
| margin % | 8.9 | 18.4 | 13.5 | 12.7 | 4.3 |
| Owners' profit | 0 | 0 | 92 | 100 | 21 |
| EPS, as reported (₹) | (0.48) | 11.35 | 19.06 | 19.65 | 4.05 |
| ROE % · ROCE % | (0.3) · (3.3) | 6.7 · 10.3 | 7.9 · 8.4 | 7.9 · 7.9 | 1.6 · 2.1 |
| Debt / equity (x) | 0.41 | 0.48 | 0.12 | 0.14 | 0.28 |
| Cash from operations | 89 | 19 | 126 | 19 | 101 |
| Capex | (14) | (85) | (65) | (150) | (384) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 223 | 217 | 237 | 173 | 194 | 207 | 238 | 304 |
| Profit before tax | 26 | 22 | 19 | 14 | (3) | (12) | 23 | 3 |
| Net profit | 27 | 21 | 22 | 15 | (6) | (13) | 24 | 3 |
| EPS (₹) | 5.37 | 4.10 | 4.40 | 2.94 | (1.13) | (2.49) | 4.69 | 0.54 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUN PHARMACEUTICAL IND L | 4,41,471 | 36.5 | 5.26 | 23.7 | 13.7 | 17.5 | 11.8 | 32.3 |
| DIVI S LABORATORIES LTD | 2,47,033 | 84.6 | 14.74 | 63.7 | 15.3 | 18.8 | 8.7 | 42.8 |
| TORRENT PHARMACEUTICALS L | 1,68,062 | 79.3 | 9.56 | 41.5 | 12.2 | 8.0 | 11.8 | 33.1 |
| ZYDUS LIFESCIENCES LTD | 1,11,686 | 24.9 | 3.78 | 14.5 | 17.3 | 18.0 | 12.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Orchid Pharma files BRSR for FY 2025-26 with stock exchanges | general | low | — | — |
| 3 Sept 2026 · Orchid Pharma names cost auditor and changes Arjun Dhanuka's role | management changes | medium | — | — |
| 3 Sept 2026 · Board outcome: WTD appointment for Arjun Dhanuka, 33rd AGM on Sept 29 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Orchid Pharma Q1 FY27 earnings call transcript filed with exchanges | investor communications | medium | — | — |
| 21 Aug 2026 · Audio recording of Q1 FY27 earnings call uploaded | investor communications | low | — | — |
| 20 Aug 2026 · Orchid Pharma Q1 FY27 investor presentation filed post Dhanuka merger | investor communications | medium | — | — |
| 17 Aug 2026 · Orchid Pharma Q1FY27 earnings call on Aug 21, 2026 | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Board Meeting on Aug 14 to approve Q1 results and restated FY26 financials | results | low | — | — |
| 1 Aug 2026 · Orchid Pharma allots 4.46 cr shares to Dhanuka Labs shareholders | strategic transactions | high | — | — |
| 1 Aug 2026 · Orchid Pharma allots 4.45 cr shares to Dhanuka Labs shareholders | strategic transactions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 25.2 |
| CIPLA LTD | 1,10,352 | 32.7 | 3.20 | 16.9 | 11.2 | 14.7 | 8.0 | 19.7 |
| LAURUS LABS LIMITED | 1,06,375 | 97.2 | 19.59 | 59.3 | 16.4 | 17.2 | 7.2 | 32.0 |
| DR. REDDY S LABORATORIES | 97,319 | 30.1 | 2.55 | 13.1 | 10.9 | 13.0 | 12.1 | 15.0 |
| AUROBINDO PHARMA LTD | 96,656 | 26.3 | 2.55 | 13.4 | 9.2 | 12.6 | 6.3 | 23.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 615.4 | 28.9 | 168 of 169 | 1% |
| P/B | 4.6 | 3.3 | 108 of 163 | 34% |
| ROCE | 1.3 | 10.8 | 146 of 183 | 20% |
| ROE | 1.6 | 10.4 | 139 of 171 | 19% |
| Debt / Equity | 0.3 | 0.1 | 117 of 171 | 32% |
| EBITDA margin | 5.2 | 17.5 | 139 of 165 | 16% |
| Revenue growth | 75.9 | 16.3 | 13 of 161 | 93% |
| Profit growth | (78.4) | 30.9 | 141 of 158 | 11% |
| Market cap | 5934 | 839 | 55 of 182 | 70% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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