
About Piramal Pharma Limited
Data last updated:
Piramal Pharma Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 04 March 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24297MH2020PLC338592. Its GSTIN is 27AALCP0909M1Z1 (Maharashtra). The company holds 19 GST registrations, all of them active. Its shares are listed on BSE: 543635.
The company has an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹1,331.35 Cr. It is led by directors including Peter D Deyoung (Whole-Time Director) and Nandini Ajay Piramal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ananta Building Piramal Corporate Park, Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹8,869.08 Cr, a decline of 3.1% compared to the previous year. For the same year it recorded a net loss of ₹312.22 Cr (net margin -3.5%) and EBITDA of ₹704.05 Cr (EBITDA margin 7.9%). The net worth stands at ₹8,162.62 Cr (up 0.5% YoY). Total assets are valued at ₹14,088 Cr (up 6.7% YoY).
The company has about 3,851 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 4 brands: Piramal Pharma Solutions, Piramal Realty, Piramal Pharma and Piramal Group. As per MCA filings, the company has open charges of ₹2,430 Cr and satisfied charges of ₹1,000 Cr on record. Court records list 55 cases involving the company, including 41 filed by the company and 10 filed against it; 32 cases are pending. The company has 10 deals on record (5 market trades, 3 funding rounds, 1 rights issue), with disclosed funding of ₹4,300.42 Cr; the latest was in February 2025. Its 10 peer companies in the same principal business activity (Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 5 smaller; the largest is Dow Chemical International Private Limited with revenue of ₹10,135 Cr. The company has 11 MSME Form 1 returns on record between 2021 and 2024, listing 326 overdue payments to 94 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website piramal.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressAnanta Building Piramal Corporate Park, Opp. Fire Brigade Kamani Junction Lbs Marg Kurla (West), Mumbai, Maharashtra, India – 400070
- IndustryPharma, Drug Formulation & Development
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Piramal Pharma Limited
The main business activity of Piramal Pharma is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Piramal Pharma Limited FY 2025-26 filings available
Piramal Pharma Limited reported revenue of ₹8,869.08 Cr (down 3.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 8,869 | 9,151 | 8,171 | 7,082 | 6,559 | 6,315 |
| Revenue growth | -3.1% | +12.0% | +15.4% | +8.0% | +3.9% | - |
| EBITDA | 704 | 1,445 | 1,133 | 621 | 935 | 1,428 |
| EBITDA margin | +7.9% | +15.8% | +13.9% | +8.8% | +14.3% | +22.6% |
| Profit before tax | (176) | 415 | 179 | (120) | 485 | 949 |
| Net profit | (312) | 88.82 | 15.83 | (186) | 384 | 818 |
| Net profit margin | -3.5% | +1.0% | +0.2% | -2.6% | +5.9% | +13.0% |
| EPS (₹) | (2.46) | 0.69 | 0.13 | (1.56) | 3.17 | 8.40 |
| Balance sheet | ||||||
| Total assets | 14,088 | 13,206 | 12,822 | 12,612 | 10,991 | 8,780 |
| Net worth | 8,163 | 8,125 | 7,911 | 6,774 | 6,697 | 5,605 |
| Total debt | 5,675 | 4,856 | 4,710 | 5,637 | 4,128 | 3,025 |
| Cash & bank | 1,224 | 501 | 483 | 308 | 329 | 406 |
| Net working capital | 3,541 | 3,554 | 3,059 | 2,717 | 2,403 | 1,751 |
| Cash flow | ||||||
| Cash from operations | 1,653 | 892 | 1,005 | 484 | 766 | 598 |
| Cash from investing | (820) | (488) | (416) | (1,334) | (1,737) | (4,464) |
| Cash from financing | (38.98) | (441) | (422) | 818 | 794 | 3,977 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,270 | 2,752 | 2,140 | 2,044 | 1,934 | 2,754 | 2,204 | 2,242 |
| Revenue growth (YoY) | +17.4% | -0.1% | -2.9% | -8.8% | -0.9% | - | - | - |
| Other income | 109 | 59.63 | 53.50 | 80.39 | 97.71 | 58.25 | 29.18 | 78.37 |
| EBITDA | 195 | 285 | 155 | 159 | 107 | 561 | 338 | 342 |
| EBITDA margin | +8.6% | +10.3% | +7.2% | +7.8% | +5.5% | +20.4% | +15.3% | +15.2% |
| Depreciation | 224 | 218 | 213 | 203 | 197 | 243 | 197 | 192 |
| Interest | 88.08 | 82.99 | 89.24 | 82.42 | 86.15 | 104 | 103 | 108 |
| Profit before tax | (7.46) | 43.00 | (93.86) | (46.18) | (79.02) | 273 | 66.80 | 120 |
| Tax | 61.93 | 51.83 | 42.33 | 53.04 | 2.68 | 119 | 63.12 | 97.53 |
| Net profit | (69.39) | (8.83) | (136) | (99.22) | (81.70) | 154 | 3.68 | 22.59 |
| EPS (₹) | (0.52) | (0.07) | (1.03) | (0.75) | (0.62) | 1.16 | 0.03 | 0.17 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 4,782 | 5,286 | 4,390 | 3,443 | 3,340 | 2,939 |
| Revenue growth | -9.5% | +20.4% | +27.5% | +3.1% | +13.7% | - |
| EBITDA | 549 | 1,040 | 618 | 90.57 | 460 | 619 |
| EBITDA margin | +11.5% | +19.7% | +14.1% | +2.6% | +13.8% | +21.1% |
| Profit before tax | 877 | 911 | 508 | 124 | 462 | 687 |
| Net profit | 768 | 689 | 388 | 72.64 | 378 | 556 |
| Net profit margin | +16.1% | +13.0% | +8.8% | +2.1% | +11.3% | +18.9% |
| EPS (₹) | 5.27 | 5.22 | 2.96 | 0.58 | 3.10 | 5.75 |
| Balance sheet | ||||||
| Total assets | 9,022 | 8,744 | 7,921 | 6,936 | 6,300 | 4,281 |
| Net worth | 8,141 | 7,453 | 6,712 | 5,262 | 5,123 | 4,101 |
| Total debt | 786 | 1,243 | 1,177 | 1,649 | 1,164 | 174 |
| Cash & bank | 574 | 178 | 242 | 64.16 | 137 | 152 |
| Net working capital | 1,842 | 2,101 | 1,797 | 1,337 | 1,166 | 463 |
| Cash flow | ||||||
| Cash from operations | 1,328 | 549 | 358 | 71.52 | 249 | 34.72 |
| Cash from investing | (318) | (552) | (635) | (435) | (1,165) | (4,383) |
| Cash from financing | (615) | (61.74) | 451 | 290 | 896 | 4,494 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,125 | 1,489 | 1,196 | 1,127 | 970 | 1,690 | 1,248 | 1,284 |
| Revenue growth (YoY) | +16.0% | -11.9% | -4.2% | -12.2% | -8.8% | - | - | - |
| Other income | 115 | 184 | 96.15 | 202 | 181 | 39.51 | 24.70 | 106 |
| Total expenses | 1,008 | 1,251 | 1,056 | 1,000 | 926 | 1,273 | 1,029 | 1,032 |
| EBITDA | 117 | 238 | 140 | 127 | 44.33 | 417 | 219 | 253 |
| EBITDA margin | +10.4% | +16.0% | +11.7% | +11.3% | +4.6% | +24.7% | +17.6% | +19.7% |
| Depreciation | 65.73 | 70.12 | 64.69 | 61.25 | 59.44 | 61.17 | 55.46 | 53.61 |
| Interest | 16.36 | 19.50 | 16.84 | 20.38 | 23.23 | 30.56 | 29.17 | 29.95 |
| Profit before tax | 149 | 332 | 155 | 247 | 143 | 364 | 159 | 276 |
| Tax | 36.00 | 70.22 | 26.02 | 51.08 | 29.44 | 87.09 | 40.61 | 65.65 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,270 | 2,752 | 2,140 | 2,044 | 1,934 | 2,754 | 2,204 | 2,242 |
| Revenue growth (YoY) | +17.4% | -0.1% | -2.9% | -8.8% | -0.9% | - | - | - |
| Other income | 109 | 59.63 | 53.50 | 80.39 | 97.71 | 58.25 | 29.18 | 78.37 |
| EBITDA | 195 | 285 | 155 | 159 | 107 | 561 | 338 | 342 |
| EBITDA margin | +8.6% | +10.3% | +7.2% | +7.8% | +5.5% | +20.4% | +15.3% | +15.2% |
| Depreciation | 224 | 218 | 213 | 203 | 197 | 243 | 197 | 192 |
| Interest | 88.08 | 82.99 | 89.24 | 82.42 | 86.15 | 104 | 103 | 108 |
| Profit before tax | (7.46) | 43.00 | (93.86) | (46.18) | (79.02) | 273 | 66.80 | 120 |
| Tax | 61.93 | 51.83 | 42.33 | 53.04 | 2.68 | 119 | 63.12 | 97.53 |
| Net profit | (69.39) | (8.83) | (136) | (99.22) | (81.70) | 154 | 3.68 | 22.59 |
| EPS (₹) | (0.52) | (0.07) | (1.03) | (0.75) | (0.62) | 1.16 | 0.03 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 8,869 | 9,151 | 8,171 | 7,082 | 6,559 | 6,315 |
| Revenue growth | -3.1% | +12.0% | +15.4% | +8.0% | +3.9% | - |
| Other income | 292 | 208 | 235 | 279 | 335 | 230 |
| Total expenses | 8,165 | 7,706 | 7,038 | 6,460 | 5,625 | 4,887 |
| Employee cost | 2,416 | 2,307 | 2,030 | 1,896 | 1,589 | 1,468 |
| EBITDA | 704 | 1,445 | 1,133 | 621 | 935 | 1,428 |
| EBITDA margin | +7.9% | +15.8% | +13.9% | +8.8% | +14.3% | +22.6% |
| Depreciation | 831 | 816 | 741 | 677 | 586 | 545 |
| Interest | 341 | 422 | 448 | 344 | 198 | 163 |
| Profit before tax | (176) | 415 | 179 | (120) | 485 | 949 |
| Tax | 150 | 324 | 161 | 66.31 | 109 | 114 |
| Net profit | (312) | 88.82 | 15.83 | (186) | 384 | 818 |
| Net profit margin | -3.5% | +1.0% | +0.2% | -2.6% | +5.9% | +13.0% |
| EPS (₹) | (2.46) | 0.69 | 0.13 | (1.56) | 3.17 | 8.40 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 1,327 | 1,324 | 1,323 | 1,193 | 1,186 | 995 |
| Reserves & surplus | 6,835 | 6,801 | 6,588 | 5,580 | 5,511 | 4,610 |
| Shareholders' funds (net worth) | 8,163 | 8,125 | 7,911 | 6,774 | 6,697 | 5,605 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 5,470 | 4,590 | 4,536 | 5,497 | 3,981 | 2,601 |
| Unsecured loans | 204 | 266 | 174 | 140 | 146 | 424 |
| Total debt | 5,675 | 4,856 | 4,710 | 5,637 | 4,128 | 3,025 |
| Total liabilities | 14,088 | 13,206 | 12,822 | 12,612 | 10,991 | 8,780 |
| Assets | ||||||
| Gross block | 14,829 | 13,077 | 12,099 | 10,842 | 9,510 | 8,153 |
| Net block | 8,684 | 8,133 | 7,990 | 7,469 | 6,879 | 6,105 |
| Capital work in progress | 1,100 | 977 | 1,116 | 1,419 | 1,172 | 627 |
| Investments | 437 | 291 | 385 | 639 | 267 | 123 |
| Inventories | 3,064 | 2,313 | 2,176 | 1,681 | 1,389 | 1,232 |
| Sundry debtors | 2,158 | 2,350 | 2,134 | 1,799 | 1,785 | 1,575 |
| Cash & bank balances | 1,224 | 501 | 483 | 308 | 329 | 406 |
| Loans & advances | 614 | 614 | 527 | 620 | 514 | 436 |
| Total current assets | 7,060 | 5,777 | 5,320 | 4,408 | 4,017 | 3,649 |
| Total current liabilities | 3,519 | 2,223 | 2,261 | 1,691 | 1,614 | 1,898 |
| Net working capital | 3,541 | 3,554 | 3,059 | 2,717 | 2,403 | 1,751 |
| Total assets | 14,088 | 13,206 | 12,822 | 12,612 | 10,991 | 8,780 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 182 | 219 | 53.23 | 85.18 | 262 | 152 |
| Net cash from operating activities | 1,653 | 892 | 1,005 | 484 | 766 | 598 |
| Net cash from investing activities | (820) | (488) | (416) | (1,334) | (1,737) | (4,464) |
| Net cash from financing activities | (38.98) | (441) | (422) | 818 | 794 | 3,977 |
| Net change in cash | 794 | (36.87) | 166 | (31.95) | (177) | 110 |
| Closing cash | 1,224 | 501 | 483 | 308 | 329 | 406 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | -3.1% | +12.0% | +15.4% | +8.0% | +3.9% | - |
| EBITDA growth | -51.3% | +27.5% | +82.4% | -33.5% | -34.6% | - |
| PBT growth | - | +131.3% | +9998.0% | - | -48.9% | +9997.0% |
| Net income growth | -451.5% | +461.1% | +108.5% | -148.4% | -53.0% | - |
| Revenue CAGR (3Y) | +7.8% | +11.7% | +9.0% | - | - | - |
| EBITDA CAGR (3Y) | +4.3% | +15.6% | -7.4% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | -3.7% | +1.0% | +0.2% | -2.6% | +5.7% | +13.2% |
| Return on capital employed | +2.5% | +6.4% | +5.4% | +1.9% | +6.9% | +12.7% |
| Return on net worth | -3.8% | +1.1% | +0.2% | -2.8% | +6.1% | +14.9% |
| Debt / equity | 0.65 | 0.60 | 0.70 | 0.72 | 0.58 | 0.54 |
| Long-term debt / equity | 0.48 | 0.37 | 0.41 | 0.46 | 0.42 | 0.43 |
| Interest cover | -267.95 | 67.08 | 114.15 | -621.15 | 56.90 | 18.51 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 0.64 | 0.73 | 0.71 | 0.70 | 0.74 | 0.77 |
| Inventory turnover | 3.30 | 4.08 | 4.24 | 4.61 | 5.01 | 5.13 |
| Debtors turnover | 3.94 | 4.08 | 4.15 | 3.95 | 3.90 | 4.01 |
| EPS (₹) | (2.46) | 0.69 | 0.13 | (1.56) | 3.17 | 8.40 |
| Dividend per share (₹) | 0.00 | 0.14 | 0.11 | 0.00 | 0.56 | 0.00 |
| Book value per share (₹) | 61.50 | 61.35 | 59.80 | 56.76 | 56.47 | 56.35 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,125 | 1,489 | 1,196 | 1,127 | 970 | 1,690 | 1,248 | 1,284 |
| Revenue growth (YoY) | +16.0% | -11.9% | -4.2% | -12.2% | -8.8% | - | - | - |
| Other income | 115 | 184 | 96.15 | 202 | 181 | 39.51 | 24.70 | 106 |
| Total expenses | 1,008 | 1,251 | 1,056 | 1,000 | 926 | 1,273 | 1,029 | 1,032 |
| EBITDA | 117 | 238 | 140 | 127 | 44.33 | 417 | 219 | 253 |
| EBITDA margin | +10.4% | +16.0% | +11.7% | +11.3% | +4.6% | +24.7% | +17.6% | +19.7% |
| Depreciation | 65.73 | 70.12 | 64.69 | 61.25 | 59.44 | 61.17 | 55.46 | 53.61 |
| Interest | 16.36 | 19.50 | 16.84 | 20.38 | 23.23 | 30.56 | 29.17 | 29.95 |
| Profit before tax | 149 | 332 | 155 | 247 | 143 | 364 | 159 | 276 |
| Tax | 36.00 | 70.22 | 26.02 | 51.08 | 29.44 | 87.09 | 40.61 | 65.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 4,782 | 5,286 | 4,390 | 3,443 | 3,340 | 2,939 |
| Revenue growth | -9.5% | +20.4% | +27.5% | +3.1% | +13.7% | - |
| Other income | 663 | 207 | 202 | 341 | 225 | 216 |
| Total expenses | 4,233 | 4,245 | 3,772 | 3,353 | 2,880 | 2,320 |
| Employee cost | 745 | 736 | 614 | 548 | 448 | 395 |
| EBITDA | 549 | 1,040 | 618 | 90.57 | 460 | 619 |
| EBITDA margin | +11.5% | +19.7% | +14.1% | +2.6% | +13.8% | +21.1% |
| Depreciation | 256 | 222 | 205 | 192 | 165 | 144 |
| Interest | 79.95 | 115 | 107 | 116 | 57.29 | 4.71 |
| Profit before tax | 877 | 911 | 508 | 124 | 462 | 687 |
| Tax | 177 | 220 | 116 | 54.19 | 94.79 | 115 |
| Net profit | 768 | 689 | 388 | 72.64 | 378 | 556 |
| Net profit margin | +16.1% | +13.0% | +8.8% | +2.1% | +11.3% | +18.9% |
| EPS (₹) | 5.27 | 5.22 | 2.96 | 0.58 | 3.10 | 5.75 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 1,327 | 1,324 | 1,323 | 1,193 | 1,186 | 995 |
| Reserves & surplus | 6,814 | 6,128 | 5,389 | 4,068 | 3,937 | 3,106 |
| Shareholders' funds (net worth) | 8,141 | 7,453 | 6,712 | 5,262 | 5,123 | 4,101 |
| Secured loans | 421 | 1,009 | 896 | 1,313 | 1,154 | 90.20 |
| Unsecured loans | 365 | 234 | 281 | 336 | 10.69 | 84.06 |
| Total debt | 786 | 1,243 | 1,177 | 1,649 | 1,164 | 174 |
| Total liabilities | 9,022 | 8,744 | 7,921 | 6,936 | 6,300 | 4,281 |
| Assets | ||||||
| Gross block | 4,575 | 4,249 | 3,767 | 3,565 | 3,225 | 2,260 |
| Net block | 3,036 | 2,894 | 2,612 | 2,602 | 2,439 | 1,627 |
| Capital work in progress | 221 | 327 | 533 | 417 | 405 | 121 |
| Investments | 3,580 | 3,105 | 1,708 | 1,747 | 1,630 | 1,592 |
| Inventories | 1,873 | 1,205 | 1,153 | 819 | 536 | 421 |
| Sundry debtors | 1,406 | 1,667 | 1,331 | 910 | 989 | 840 |
| Cash & bank balances | 574 | 178 | 242 | 64.16 | 137 | 152 |
| Loans & advances | 451 | 486 | 504 | 456 | 403 | 355 |
| Total current assets | 4,305 | 3,536 | 3,230 | 2,249 | 2,065 | 1,768 |
| Total current liabilities | 2,462 | 1,434 | 1,433 | 912 | 899 | 1,305 |
| Net working capital | 1,842 | 2,101 | 1,797 | 1,337 | 1,166 | 463 |
| Total assets | 9,022 | 8,744 | 7,921 | 6,936 | 6,300 | 4,281 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 164 | 229 | 54.28 | 128 | 147 | 0.74 |
| Net cash from operating activities | 1,328 | 549 | 358 | 71.52 | 249 | 34.72 |
| Net cash from investing activities | (318) | (552) | (635) | (435) | (1,165) | (4,383) |
| Net cash from financing activities | (615) | (61.74) | 451 | 290 | 896 | 4,494 |
| Net change in cash | 395 | (64.93) | 175 | (73.41) | (19.03) | 146 |
| Closing cash | 574 | 178 | 242 | 64.16 | 137 | 152 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | -9.5% | +20.4% | +27.5% | +3.1% | +13.7% | - |
| EBITDA growth | -47.2% | +68.4% | +582.3% | -80.3% | -25.7% | - |
| PBT growth | -3.8% | +79.5% | +310.4% | -73.3% | -32.7% | +9997.0% |
| Net income growth | +11.4% | +77.6% | +434.0% | -80.8% | -32.0% | - |
| Revenue CAGR (3Y) | +11.6% | +16.5% | +14.3% | - | - | - |
| EBITDA CAGR (3Y) | +82.4% | +31.3% | -0.1% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +14.6% | +13.1% | +8.9% | +2.0% | +11.0% | +19.5% |
| Return on capital employed | +10.8% | +12.3% | +8.3% | +3.6% | +9.8% | +16.2% |
| Return on net worth | +9.0% | +9.8% | +6.5% | +1.3% | +8.0% | +13.9% |
| Debt / equity | 0.13 | 0.17 | 0.24 | 0.27 | 0.15 | 0.04 |
| Long-term debt / equity | 0.05 | 0.05 | 0.08 | 0.11 | 0.05 | 0.00 |
| Interest cover | 27.19 | 14.00 | 25.95 | -114.15 | 19.43 | 0.99 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 1.08 | 1.32 | 1.20 | 1.01 | 1.22 | 1.30 |
| Inventory turnover | 3.11 | 4.48 | 4.45 | 5.09 | 6.99 | 6.98 |
| Debtors turnover | 3.11 | 3.53 | 3.92 | 3.63 | 3.65 | 3.50 |
| EPS (₹) | 5.27 | 5.22 | 2.96 | 0.58 | 3.10 | 5.75 |
| Dividend per share (₹) | 0.00 | 0.14 | 0.11 | 0.00 | 0.56 | 0.00 |
| Book value per share (₹) | 61.34 | 56.27 | 50.74 | 44.09 | 43.20 | 41.23 |
Peer Comparison of Piramal Pharma Limited
Piramal Pharma Limited is compared with the companies closest to it by revenue in the same principal business activity (Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products). Its own revenue is ₹8,869.08 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dow Chemical International Private Limited | ₹10,135 Cr | •••• | •••• | •••• | 1,228 | Thane, Maharashtra, India |
| Reckitt Benckiser (India) Private Limited | ₹9,882.29 Cr | •••• | •••• | •••• | 2,485 | Gurgaon, Haryana, India |
| Gujarat State Fertilizers & Chemicals Limited Listed | ₹9,848.64 Cr | •••• | •••• | •••• | 2,440 | Vadodara, Gujarat, India |
| Divi's Laboratories Limited Listed | ₹9,712 Cr | •••• | •••• | •••• | 11,845 | Hyderabad, Telangana, India |
| Macleods Pharmaceuticals Ltd | ₹9,671.68 Cr | •••• | •••• | •••• | 22,944 | Mumbai, Maharashtra, India |
| Procter & Gamble Home Products Private Limited | ₹9,228.83 Cr | •••• | •••• | •••• | 290 | Mumbai, Maharashtra, India |
| India Glycols Limited Listed | ₹9,053.5 Cr | •••• | •••• | •••• | 358 | Udham Singh Nagar, Uttarakhand, India |
| Ipca Laboratories Limited Listed | ₹9,032.39 Cr | •••• | •••• | •••• | - | Kandivali West, Maharashtra, India |
| Piramal Pharma Limited this company | ₹8,869.08 Cr | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Abbott Healthcare Private Limited | ₹8,811.32 Cr | •••• | •••• | •••• | 836 | Mumbai, Maharashtra, India |
| Deccan Fine Chemicals (India) Private Limited | ₹8,738.51 Cr | •••• | •••• | •••• | 3,496 | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Piramal Pharma by revenue in the same principal business activity (Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company. Net profit, margin and growth of each peer are in the company report.
Auditor Details of Piramal Pharma Limited
Piramal Pharma Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Piramal Pharma Limited
Piramal Pharma has 10 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Peter D Deyoung | Whole-Time Director | 04 Mar 2020 | 6 Years 7 Months | Current |
| Ramadorai Subramanian Also directs: DSP Asset Managers Private Limited, British Asian India Foundation, Karmayogi Bharat and 3 more | Director | 09 Feb 2021 | 5 Years 7 Months | Current |
| Jairaj Manohar Purandare Also directs: J M Purandare & Co LLP, Cie Automotive India Limited, HDFC Asset Management Company Limited and 3 more | Director | 09 Feb 2021 | 5 Years 7 Months | Current |
| Sridhar Gorthi | Director | 30 Mar 2022 | 4 Years 6 Months | Current |
| Nandini Ajay Piramal | Whole-Time Director | 04 Mar 2020 | 6 Years 7 Months | Current |
| Vivek Valsaraj Also directs: Abbvie Therapeutics India Private Limited | Whole-Time Director | 09 Feb 2022 | 4 Years 7 Months | Current |
Shareholding Pattern of Piramal Pharma Limited
Shareholding for the quarter ended Sep 2026: promoters hold 34.80%, foreign institutional investors hold 12.50%, domestic institutional investors hold 14.60% and retail and other public shareholders hold 38.10%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 34.80% | 34.90% | 34.90% | 34.90% |
| Public | 65.20% | 65.10% | 65.10% | 65.10% |
Charges & Borrowings of Piramal Pharma Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 May 2025 | Idbi Trusteeship Services Limited | ₹300 Cr | Open |
| 12 Dec 2024 | Idbi Trusteeship Services Limited | ₹100 Cr | Open |
| 10 Dec 2024 | Idbi Trusteeship Services Limited | ₹200 Cr | Open |
| 10 Dec 2024 | Idbi Trusteeship Services Limited | ₹100 Cr | Open |
| 10 Sep 2024 | Idbi Trusteeship Services Limited | ₹150 Cr | Open |
Total charge records: 20 View all charges
Deals & Funding of Piramal Pharma Limited
Piramal Pharma Limited has 10 deals on record (5 market trades, 3 funding rounds, 1 rights issue), with disclosed funding of ₹4,300.42 Cr; the latest was in February 2025.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Market trade | ₹150.77 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Oct 2023 | Market trade | ₹345.85 Cr | Buyer: East Bridge Capital Master Fund I Limited Seller: an individual |
| Aug 2023 | Rights issue | ₹1,050 Cr | Investors: Others - Piramal Pharma Limited, Icici Prudential Value Discovery Fund, 2 individuals |
| Jun 2023 | Market trade | ₹99.87 Cr | Buyer: The Vanguard Group Inc Ac Vanguard Total International Stock Index Fund Seller: an individual |
| Nov 2022 | Market trade | ₹135.25 Cr | Buyer: an individual Seller: Ishares Core Emerging Markets Mauritius Co |
Full deal history
All 10 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Piramal Pharma Limited
Piramal Pharma Limited has 55 court cases on record: 41 filed by Piramal Pharma, 10 filed against it, 4 where it is another party. 32 cases are pending and 23 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 45 | 9 | 31 |
| High courts | 6 | 1 | 1 |
| Supreme Court | 4 | 0 | 0 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against One Solution Advertisers Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY) | Filed by the company against Pathways Retail Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against One Solution Advertisers Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by One Solution Advertisers Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Anuvaa Softech Private Limited | Pending |
Full case history
All 55 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Piramal Pharma Limited
Piramal Pharma Limited has 11 MSME Form 1 returns on record between 2021 and 2024, listing 326 overdue payments to 94 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 94)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Refer Annexure | •••• | •••• | •••• |
| Scientific Research Instruments Company Private Limited | •••• | •••• | •••• |
| Sagra Hvac Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Entex Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Piramal Pharma Limited
Piramal Pharma operates multiple associated brands including Piramal Pharma Solutions, Piramal Realty, and Piramal Pharma. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a contract manufacturer of pharmaceutical products for industry partners. | piramalpharmasolutions.com | |
| Development services for residential, commercial, and mixed-use projects are provided. | piramalrealty.com | |
| Innovative healthcare solutions are delivered through end-to-end manufacturing capabilities. | piramalpharma.com | |
| Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate | piramal.com |
Employees and EPFO Compliance at Piramal Pharma Limited
Piramal Pharma Limited has a workforce of 3,851 employees as of Apr 02, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Piramal Pharma Limited
Piramal Pharma has 1 subsidiary company and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Piramal Pharma Ii Private Limited | U24230MH2022PTC384232 | - |
Showing major subsidiaries. Total: 1.
CIN History of Piramal Pharma Limited
Piramal Pharma has one previous CIN (Corporate Identification Number): U24297MH2020PLC338592. The current CIN is L24297MH2020PLC338592, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24297MH2020PLC338592 | Current |
| U24297MH2020PLC338592 | Previous |
News related to Piramal Pharma Limited
Recent Activity on Piramal Pharma Limited
Piramal Pharma Limited has 14 board changes on record since 2020: 12 appointments and 2 cessations. The latest: Amit Jain was appointed as Director on 14 May 2025.
33 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Piramal Pharma Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Piramal Pharma Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Piramal Pharma Limited
Piramal Pharma has 19 GST registrations: 19 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCP0909M1Z1 | Maharashtra | Active | 21 Jul 2020 |
| 27AALCP0909M2Z0 | Maharashtra | Active | 28 Jul 2020 |
| 36AALCP0909M1Z2 | Telangana | Active | 21 Jul 2020 |
| 23AALCP0909M1Z9 | Madhya Pradesh | Active | 23 Jul 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Piramal Pharma Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Piramal Pharma Limited
Piramal Pharma is an active public limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 04 March 2020 (6+ years old) and is registered under CIN L24297MH2020PLC338592. Listed on BSE: 543635.
Piramal Pharma reported revenue of ₹8,869.08 Cr for FY 2025-26 (down 3.1% YoY) based on consolidated financials.
Piramal Pharma has 10 current directors:
- Peter D Deyoung - Whole-Time Director
- Nandini Ajay Piramal - Whole-Time Director
- Vivek Valsaraj - Whole-Time Director
- Ramadorai Subramanian - Director
- Jairaj Manohar Purandare - Director
- Sridhar Gorthi - Director
- Peter Andrew Stevenson - Director
- Nathalie Ann Leitch - Director
- Vibha Paul Rishi - Director
- Amit Jain - Director
The GSTIN of Piramal Pharma is 27AALCP0909M1Z1, registered in Maharashtra. The company has 19 GST registrations in all, of which 19 are active. Other active GSTINs include 27AALCP0909M2Z0 (Maharashtra), 36AALCP0909M1Z2 (Telangana), 23AALCP0909M1Z9 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Piramal Pharma is L24297MH2020PLC338592. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Piramal Pharma is listed on BSE with code 543635.
Piramal Pharma has 55 court cases on record: 41 filed by the company and 10 filed against it. 32 are pending. Most are in the district courts.
Piramal Pharma was incorporated on 04 March 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Piramal Pharma has 10 deals on record (5 market trades, 3 funding rounds, 1 rights issue), with disclosed funding of ₹4,300.42 Cr; the latest was in February 2025.
The peers of Piramal Pharma by revenue are Dow Chemical International Private Limited, Reckitt Benckiser (India) Private Limited, Gujarat State Fertilizers & Chemicals Limited, Divi's Laboratories Limited, Macleods Pharmaceuticals Ltd and 5 more, all in the same principal business activity (Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Amit Jain was appointed as Director on 14 May 2025. Neeraj Bharadwaj ceased to be Director on 14 May 2025. Nathalie Ann Leitch was appointed as Director on 28 Jan 2025. Piramal Pharma has 14 board changes on record in total.
Piramal Pharma has 11 MSME Form 1 returns on record between 2021 and 2024, listing 326 overdue payments to 94 micro and small suppliers. The latest return was filed on 13 May 2024.