Ajanta Pharma Limited

NSEI:AJANTPHARM Stock Report

Market Cap: ₹358.0b

Ajanta Pharma Valuation

Is AJANTPHARM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AJANTPHARM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AJANTPHARM (₹2866.45) is trading above our estimate of fair value (₹1406.84)

Significantly Below Fair Value: AJANTPHARM is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AJANTPHARM?

Key metric: As AJANTPHARM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AJANTPHARM. This is calculated by dividing AJANTPHARM's market cap by their current earnings.
What is AJANTPHARM's PE Ratio?
PE Ratio40.9x
Earnings₹8.75b
Market Cap₹357.98b

Price to Earnings Ratio vs Peers

How does AJANTPHARM's PE Ratio compare to its peers?

The above table shows the PE ratio for AJANTPHARM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.1x
IPCALAB Ipca Laboratories
60.7x30.1%₹401.5b
GLAND Gland Pharma
42.2x25.8%₹292.0b
506943 J. B. Chemicals & Pharmaceuticals
48.2x19.4%₹294.3b
500660 GlaxoSmithKline Pharmaceuticals
57.3x16.8%₹387.0b
AJANTPHARM Ajanta Pharma
40.9x16.4%₹358.0b

Price-To-Earnings vs Peers: AJANTPHARM is good value based on its Price-To-Earnings Ratio (40.9x) compared to the peer average (52.1x).

Price to Earnings Ratio vs Industry

How does AJANTPHARM's PE Ratio compare vs other companies in the IN Pharmaceuticals Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
INDSWFTLAB Ind-Swift Laboratories
1.7xn/aUS$74.49m
524652 Ind-Swift
2.9xn/aUS$18.48m
No more companies available in this PE range
AJANTPHARM 40.9xIndustry Avg. 33.6xNo. of Companies17PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AJANTPHARM is expensive based on its Price-To-Earnings Ratio (40.9x) compared to the Indian Pharmaceuticals industry average (33.6x).

Price to Earnings Ratio vs Fair Ratio

What is AJANTPHARM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AJANTPHARM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.9x
Fair PE Ratio41.2x

Price-To-Earnings vs Fair Ratio: AJANTPHARM is good value based on its Price-To-Earnings Ratio (40.9x) compared to the estimated Fair Price-To-Earnings Ratio (41.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AJANTPHARM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹2,866.45
₹2,973.91
+3.7%
18.2%₹3,665.00₹1,981.00n/a11
Dec ’25₹3,022.55
₹2,992.82
-1.0%
17.7%₹3,665.00₹1,981.00n/a11
Nov ’25₹3,086.15
₹2,966.45
-3.9%
17.3%₹3,665.00₹1,981.00n/a11
Oct ’25₹3,253.60
₹2,751.36
-15.4%
15.9%₹3,665.00₹1,981.00n/a11
Sep ’25₹3,243.55
₹2,682.55
-17.3%
12.6%₹3,165.00₹1,981.00n/a11
Aug ’25₹2,792.50
₹2,682.55
-3.9%
12.6%₹3,165.00₹1,981.00n/a11
Jul ’25₹2,256.30
₹2,463.30
+9.2%
10.5%₹2,694.00₹1,783.00n/a10
Jun ’25₹2,333.15
₹2,458.80
+5.4%
10.5%₹2,694.00₹1,783.00n/a10
May ’25₹2,215.45
₹2,271.20
+2.5%
11.2%₹2,570.00₹1,748.00n/a10
Apr ’25₹2,238.60
₹2,265.70
+1.2%
10.9%₹2,561.00₹1,748.00n/a10
Mar ’25₹2,126.85
₹2,265.70
+6.5%
10.9%₹2,561.00₹1,748.00n/a10
Feb ’25₹2,181.25
₹2,193.73
+0.6%
12.6%₹2,561.00₹1,669.00n/a11
Jan ’25₹2,159.65
₹1,986.36
-8.0%
7.5%₹2,176.00₹1,669.00n/a11
Dec ’24₹1,963.00
₹1,948.50
-0.7%
9.8%₹2,176.00₹1,532.00₹3,022.5512
Nov ’24₹1,827.55
₹1,948.50
+6.6%
9.8%₹2,176.00₹1,532.00₹3,086.1512
Oct ’24₹1,799.90
₹1,789.42
-0.6%
6.9%₹1,950.00₹1,532.00₹3,253.6012
Sep ’24₹1,718.35
₹1,789.42
+4.1%
6.9%₹1,950.00₹1,532.00₹3,243.5512
Aug ’24₹1,685.55
₹1,789.42
+6.2%
6.9%₹1,950.00₹1,532.00₹2,792.5012
Jul ’24₹1,479.15
₹1,490.64
+0.8%
4.8%₹1,580.00₹1,335.00₹2,256.3011
Jun ’24₹1,313.75
₹1,487.83
+13.3%
4.7%₹1,580.00₹1,335.00₹2,333.1512
May ’24₹1,312.60
₹1,457.00
+11.0%
8.0%₹1,690.00₹1,240.00₹2,215.4511
Apr ’24₹1,208.80
₹1,453.20
+20.2%
8.4%₹1,690.00₹1,240.00₹2,238.6010
Mar ’24₹1,178.95
₹1,451.91
+23.2%
8.0%₹1,690.00₹1,240.00₹2,126.8511
Feb ’24₹1,187.70
₹1,523.91
+28.3%
5.8%₹1,690.00₹1,439.00₹2,181.2511
Jan ’24₹1,211.95
₹1,514.55
+25.0%
4.7%₹1,667.00₹1,426.00₹2,159.6511
Dec ’23₹1,239.50
₹1,515.09
+22.2%
4.7%₹1,667.00₹1,426.00₹1,963.0011

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 11:52
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ajanta Pharma Limited is covered by 25 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nikhil MathurAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited
Rashmi Sancheti ShettyAnand Rathi Shares and Stock Brokers Limited