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Companies›Healthcare›Healthcare›Pharmaceuticals & Biotechnology
NSE:SMSPHARMA

SMS PHARMACEUTICALS LTD.

Healthcare › Pharmaceuticals & Biotechnology
₹499.50
at close · 6 Nov 2026
▼ 18.90 (-3.65%)

Latest filings

  1. SMS Pharmaceuticals posts investor conference call audio · Investor Communications
  2. Newspaper publication of September 2026 financial results · Compliance
  3. Q2 FY27 profit rises 57% as revenue grows 30% · Compliance
All filings ↓
Ask Nexa about SMS PHARMACEUTICALS LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures active pharmaceutical ingredients (APIs) — the bulk drug substances used by generic drug makers — across therapeutic areas including anti-inflammatory (ibuprofen is a major product), anti-retroviral (ARV), anti-erectile dysfunction, and anti-diabetic (the last is being wound down). Backward integration into ibuprofen raw materials, built over three years, is the main margin lever; FY26 EBITDA margin reached 20% on revenue of INR886.87 crore with materials at 58.2% of revenue. A brownfield expansion is under way, intended to add new capacity by March 2027 and bring new high-margin APIs on stream from FY28. The company files DMFs and CEPs to access regulated export markets and is shifting its mix toward higher-value APIs over time. A new peptides subsidiary (SMS Peptides) and a CDMO initiative are medium-term options, not yet material to revenue. Customer base is concentrated: the single largest customer accounts for 28% of FY26 revenue.

Operating scale
Installed API capacity
500 MT/month, expanding to 800 MT/monthby March FY27
Brownfield capex
INR280 cr (INR130 cr deployed)FY26-FY27
DMF/CEP filings
12 in FY26; targeting 10 in FY27 and 10 in FY28FY26-FY28
High-value product share
~47%, target ~60%FY26, medium term
Customer concentration
Single largest customer at 28% of revenueFY26
Associate income
INR14 cr from 34%-owned VKT PharmaFY26
Who pays it
Generic pharmaceutical formulators globally; single largest customer at 28% of FY26 revenue across multiple products
Biggest cost
Raw materials at 58.2% of revenue (materials, including API intermediates; key inflation risk from Middle East geopolitics)
Kind of business
Asset-heavy API manufacturer with multi-therapy exposure, backward integration into key starting materials, and regulated-market filings
Where it sits
Indian API maker filing DMFs/CEPs for regulated export markets; structural margin lever is backward integration in a fragmented domestic API industry
Market Cap
₹4,678 Cr
P / E (TTM)
44.4×
EV / EBITDA
28.9×
Div Yield
0.08%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
13.2%▲
ROCE (5y median)
ROE 10.8% (5y median) · margin 19.3%
Leverage
0.46·
Debt / Equity · low
Net debt ₹319 Cr
Revenue FY20→FY26
2.2×▲
Margin +3.6 pts
₹412 Cr → ₹887 Cr
Cash conversion
0.92×·
Operating cash ÷ profit · 5 yrs
₹254 Cr on ₹276 Cr
Moves on a normal day
1.33%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 185 Pharmaceuticals peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#114/160
P/B#134/163
ROCE#56/177
ROE#31/165
Debt / Equity#135/166
EBITDA margin#62/178
Revenue growth#108/163
Profit growth#96/157

Scorecard

Measured from the filed financials, judged against its Pharmaceuticals peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Carries more debt than its peers — 0.46× equity
higher than 81% of its 166 Pharmaceuticals peers
Heavy working capital — 184 days of cash tied up
Customers are taking longer to pay — 43 → 89 days of receivables
FY20 → FY26

Charts

How has the market priced it — with filings on the timeline?

SMSPHARMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SMS PHARMACEUTICALS LTD.'s filed financials and exchange disclosures

What does SMS PHARMACEUTICALS LTD. do?

SMS PHARMACEUTICALS LTD. is a Pharmaceuticals & Biotechnology company listed on NSE and BSE, trading under the symbol SMSPHARMA.

Is SMS PHARMACEUTICALS LTD. profitable?

Yes. Over the trailing twelve months SMS PHARMACEUTICALS LTD. reported a net profit of ₹102 Cr on revenue of ₹898 Cr.

Does SMS PHARMACEUTICALS LTD. pay a dividend?

Yes. The dividend yield is 0.08% at the current price. It paid out 4% of its profit as dividend in FY26.

Is SMS PHARMACEUTICALS LTD. debt-free?

No. It reported borrowings of ₹365 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹319 Cr after cash. Debt stands at 0.46× equity. That is higher than 81% of its 166 Pharmaceuticals peers.

Is SMS PHARMACEUTICALS LTD. expensive compared with its peers?

On trailing P/E, SMS PHARMACEUTICALS LTD. ranks 114 of 160 in Pharmaceuticals — cheaper than 29% of them, against an industry median of 29.3×. This is a position, not a valuation judgement.

How much does the SMS PHARMACEUTICALS LTD. share price move in a day?

On a typical session SMS PHARMACEUTICALS LTD. moves 1.33% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SMS PHARMACEUTICALS LTD.'s announcements?

Every NSE and BSE filing by SMS PHARMACEUTICALS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.