Ajanta Pharma Ltd
Ajanta Pharma Ltd (AJANTPHARM)

Ajanta Pharma Ltd (AJANTPHARM)

₹1272.450.04%

Key Stats

₹1243.95
Day's Price Range
₹1292.8
₹1061.77
52-Week Price Range
₹1577.21
1 Month Return-7.52 %
3 Month Return0.95 %
1 Year Return-16.19 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 156
23.02
EPS
Rank 35
₹55.29
BVPS
Rank 54
₹253.49
Dividend Yield
Rank 119
0.53%
ROE
Rank 72
23.78%
Price To Book Ratio
Rank 195
5.02
Debt To Asset
Rank 274
0.2

Company Information

Ajanta Pharma is a specialty pharmaceutical company primarily involved in development manufacturing and marketing of marketing of quality finished dosages in domestic and international markets. It has a welldiversified business model in terms of markets therapies and products. It produces a comprehensive range of specialty products targeting different therapeutic segments.The companys business includes Branded Generics in emerging markets of Asia and Africa Generics in the developed markets of USA and Institution sales. The branded generics business is spread in India and more than 30 emerging countries across Africa CIS the Middle East and South East Asia. In India the Company has presence in high growth specialty segments of cardiology dermatology ophthalmology and pain management.In branded generic business in emerging markets in Asia and Africa Ajanta Pharmas products cater to therapeutic segments like AntiBiotic AntiMalarial AntiDiabetic Cardiology Gynecology Orthopedics Pediatric Respiratory General Health products. The companys institutional business comprises of supplies to various government bodies in India and supply of AntiMalarial products under WHO approved programs in Africa.Ajanta Pharma operates 7 stateoftheart manufacturing facilities in India and Mauritius. 2 of the facilities in India have been successfully approved by US FDA. The company has an advanced Research Development Centre in Mumbai for finished formulations and Active Pharmaceutical Ingredient API synthesis of different dosage forms. Its RD centre has a team of over 750 scientists working on innovative products for various markets across the globe. Established in 1973 and headquartered in MumbaiIndia the company has a mission of Serving Global Health Care Needs Worldwide. Ajanta has been consistently providing affordable and quality medicines to patients in different parts of the world. The company began its operation in the year 1973 by setting up a small repackaging unit. The company also launched 4 products under its own brand name for repackaged pharma items in the same year. In 1979 the Company set up its 1stManufacturing factory in Chikalthana Maharashtra and also launched 1st own manufactured OTC product Pinkoo Gripe Water making a mark in the industry by deviating from easy path of following leaders in gripe water industry. A New Manufacturing Facility was built by the company in the year 1984 in Paithan and the company also entered in institutional business. During the period from 1995 to 1998 the company established dedicated RD facility at Kandivli and also set up manufacturing facilities in Mauritius and CIS. In 2000 the company went public with shares by listing shares in BSE and NSE and also undertook major expansion of manufacturing facilities. In 2002 the company entered domestic prescription market with speciality segment force. In 2007 the company expanded its RD facility with independent premises in Kandivali. The company also got USFDA Approval for its Paithan manufacturing facility in 2008. In 2009 the company started Active Pharmaceutical Ingredient API plant in Waluj Aurangabad for captive use. During the year the company bought a manufacturing facility at Chitegaon in Aurangabad Maharashtra to fuel the companys growth. Also during the year Ajanta Pharma became the first generic company in the world to get WHO Geneva Prequalification for AntiMalarial Drug.In 2010 Ajanta Pharma entered Philippines market with unique product portfolio through Ajanta Pharma Philippines Inc. In 2011 Ajanta Pharma emerged as a strong speciality player in domestic market in Ophthalmology Dermatology and Cardiology with many brands holding leadership positions.In 2012 Ajanta Pharma was ranked among the Top 10 pharma companies in Franco Africa. During the year 2013 Ajanta Pharma commenced sales to the US market. In 2014 the company set up its 2nd dedicated RD centre at Kandivli in Mumbai for India and emerging markets. During the year the company inaugurated a new facility in Dahej Bharuch Gujarat for catering to the requirements of markets like USA WHO and emerging markets. In 2015 the company announced the launch of Montelukast Sodium Oral Granules. The company also announced the launch of Montelukast IR Tablets and Montelukast Chewable Tablets in US market.In 2017 the company inaugurated and commissioned 1st phase at a new facility in Guwahati Assam. The companys Dahej Gujarat facility was approved by the USFDA without any observation in April 2017.On 11 July 2017 Mr. Yogesh M. Agrawal Managing Director of Ajanta Pharma APL informed the company that promoters have sold 27 lakh equity shares in APL representing about 3.07 of APLs equity shares. Consequent to sale promoter holding has come down from 73.78 to 70.71 in APL. This sale has been done to provide liquidity to the promoters and the proceeds will be utilized for personal use.On 9 February 2018 Ajanta Pharma announced that its formulation facility at Dahej in Gujarat was inspected by USFDA from 5 to 9 February 2018. At the end of the inspection no Form 483 was issued to the company by the USFDA.As on 31 March 2018the company has six subsidiaries overseas including one step down subsidiary under its roof.The companys capex investment in manufacturing facilities and RD which has taken the total from Rs 997 crore in FY 2017 to Rs 1225 crore in FY 2018.The Company had convened ExtraOrdinary General Meeting on 10th October 2017 as per the directions of National Company Law Tribunal for obtaining consent of shareholders for merger of Gabs Investments Private Ltd. with the Company.During the FY2019 companys wholly owned subsidiary viz. Ajanta Pharma UK Limited was dissolved on 18th December 2018. Post that the company has five operating subsidiaries overseas including one step down subsidiary.The total capex for FY 2019 was Rs 361 crore and propose to spend further Rs 350 crore in FY 2020 mainly on Guwahati Pithampur and corporate office in Mumbai.in March 2019 the Company bought back 769230 Seven lakhs sixtynine thousand two hundred and thirty only fully paidup equity shares of the face value of Rs 2/ each at a price of Rs 1300 per share for an aggregate amount of Rs 100 crore.The Scheme of Amalgamation and Arrangement of Gabs Investments Pvt. Ltd. with the Company which was filed by the Company with National Company Law Tribunal NCLT in the last year was rejected by NCLT on grounds cited in its order. The Company had preferred an appeal before the National Company Law Appellate Tribunal NCLAT challenging the order of NCLT. However after considering all the pros and cons at length it was deemed appropriate to withdraw the appeal. Accordingly the same was withdrawn on 7th December 2018.During the FY2020 third phase of Guwahati plant new manufacturing facility in Pithampur Madhya Pradesh and new R D building in Kandivli Mumbai were completed and became fully functional. Expansion of facility at Dahej has been commenced and the same is expected to be over by December 2020. During the year an amount of Rs 245 crore was incurred on capex.The Board of Directors have approved buyback proposal on 3 November 2020 for purchase by the Company of up to 735000 shares of Rs 2 each representing 0.84 of total paidup equity capital from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of Rs 1850 per equity share for an aggregate amount not exceeding Rs 135.98 crore in accordance with the provisions of the Companies Act 2013 and the SEBI Buy Back of Securities Regulations 2018.During the quarter ended 31 December 2020the group had bought back its 735000 equity shares of Rs 2/each at Rs 1850 per share for an aggregate amount of Rs 135.98 crore and extinguished those shares on 30 December 2020.The Company launched 16 new products in FY 2022 including four 1st to market products in the country. During the year 2022 it launched 3 new products and filed 8 ANDAs. It received 2 final and 1 tentative approval. There are 20 ANDAs awaiting approval from US FDA.
OrganisationAjanta Pharma Ltd
HeadquartersMumbai
IndustryPharmaceuticals