Anuh Pharma Ltd (ANUHPHR)

Healthcare · Pharmaceuticals · NSE · Updated 17 September 2026
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings
₹89.42 ↑ 2.5% (1Y)

🎯 Key Takeaways

  • Anuh Pharma Ltd is a mature, cash-generative pharmaceutical company operating in a stable segment of the Indian market, with consistent profitability and strong returns on capital. Despite flat revenue trends and modest growth, the company maintains healthy margins, low leverage, and a disciplined capital allocation strategy.
  • Revenue declined 4.1% QoQ to ₹194 in Q1FY27.
  • ⚠️ Margin compression in core operations, with EBITDA margin declining from 8.3% to 7.2% over four quarters, may reflect pricing pressure or input cost i
Market Cap
₹896
P/E Ratio
20.3
P/B Ratio
2.54
ROE
12.5%
ROCE
17.2%
Debt/Equity
0.00
Div Yield
1.68%
Promoter
71.8%

📖 The Story

Anuh Pharma Ltd is a mature, cash-generative pharmaceutical company operating in a stable segment of the Indian market, with consistent profitability and strong returns on capital. Despite flat revenue trends and modest growth, the company maintains healthy margins, low leverage, and a disciplined capital allocation strategy. Management prioritizes shareholder returns through regular dividends while navigating regulatory and governance updates. The business appears to be in a steady-state phase, focused on operational efficiency rather than aggressive expansion.

📰 What's Happening

Management has maintained a consistent focus on governance and shareholder communication over the past three quarters, with key filings centered around the FY2025-26 audited results, AGM outcomes, and compliance with SEBI norms. The company reappointed key directors including Arun Todarwal and appointed new quality leadership, signaling continuity in leadership. Shareholders approved a ₹1.50 per share dividend (30% payout) and ratified cost auditor remuneration, reflecting confidence in financial stewardship. Additionally, the company initiated shareholder outreach via email to distribute the annual report and encourage dematerialization of holdings, aligning with regulatory expectations.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

MetricSep 2025Dec 2025Mar 2026Jun 2026
Revenue186197202194
Operating Profit9161714
OPM %4.8%8.2%8.3%7.2%
Net Profit8131211
EPS₹0.76₹1.34₹1.17₹1.14

Operating margins have slightly compressed from 8.3% in Q3 2025 to 7.2% in Q1 2026, despite stable revenue around ₹190–202 crores, indicating minor pressure on profitability. Net profit and EPS have declined modestly over the same period, from ₹13 crores to ₹11 crores, reflecting the margin trend. However, cash flow from operations remains robust at ₹4,824.66 crores annually, supporting dividend sustainability. The company’s financial profile remains resilient, but the lack of top-line growth suggests limited near-term upside from volume or pricing expansion.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue or margin expectations in the latest filings. However, the reappointment of directors and approval of revised remuneration for Joint Managing Directors suggest confidence in governance stability. The Board continues to prioritize dividend distribution, having declared ₹1.50 per share for FY2025-26. No new strategic initiatives, product launches, or capacity expansions were disclosed in recent filings, implying a focus on maintaining existing operations and compliance rather than aggressive growth.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

ItemMar 2025Mar 2025Mar 2026Mar 2026
Equity Capital25255050
Reserves278301277302
Borrowings141100
Total Liabilities434507509557
Fixed Assets46586157
Investments981067184
Total Assets434507509557

The balance sheet remains extremely conservative, with zero debt and equity of ₹50 crores, while reserves have grown to ₹302 crores, indicating strong internal accumulation. Total assets have slightly increased to ₹557 crores, but cash and equivalents have declined from ₹1,955.73 lakhs to an unreported lower figure, with net cash flow turning negative at ₹-11 crores in the latest quarter. Capital allocation appears focused on dividend payouts rather than reinvestment, consistent with a mature, cash-generative business model.

💰 Cash Flow Statement (₹ Cr)

ItemMar 2026
Operating-3
Investing+18
Financing-26
Net Cash Flow-11

👥 Shareholding Pattern

CategoryQ2FY26Q3FY26Q4FY26Q1FY27
Promoters71.8%71.8%71.8%71.8%
FII0.0%0.0%0.1%0.0%
DII0.0%0.0%0.0%0.0%
Public23.9%23.7%23.6%23.5%
# Shareholders28,25027,88927,42527,484

Promoter holding remains stable at 71.8% over the past year, with no significant changes in FII or DII participation, which remains negligible. The public shareholding base has slightly contracted, from 28,250 shareholders in Q2FY26 to 27,484 in Q1FY27, but remains broad. No promoter pledging or selling activity is evident, and institutional interest is minimal, suggesting limited analyst or fund coverage. The shareholder base is largely stable and retail-dominated.

⚖️ Peer Comparison — Pharmaceuticals

Company MCap (₹ Cr) P/E ROCE ROE D/E
SUNPHARMA 4.45 L Cr 36.8 18.7% 14.6% 0.05
DIVISLAB 2.44 L Cr 83.5 23.0% 17.4% 0.00
TORNTPHARM 1.83 L Cr 76.9 15.1% 25.7% 1.76
ZYDUSLIFE 1.10 L Cr 24.6 16.8% 16.6% 0.43
CIPLA 1.10 L Cr 32.6 13.2% 9.8% 0.01
LAURUSLABS 1.03 L Cr 94.1 20.8% 20.6% 0.45
DRREDDY 95,591 29.6 10.1% 8.4% 0.17
AUROPHARMA 94,420 25.6 12.8% 9.8% 0.20
LUPIN 93,605 16.5 27.9% 24.7% 0.26
MANKIND 92,842 45.4 13.9% 12.7% 0.38

⚠️ Risk Factors

1. Margin compression in core operations, with EBITDA margin declining from 8.3% to 7.2% over four quarters, may reflect pricing pressure or input cost increases not fully passed on. 2. Minimal institutional ownership and low trading liquidity could lead to high volatility and limited investor interest. 3. Regulatory and governance updates, while routine, require shareholder action (e.g., MOA/AOA adoption) that could introduce procedural delays or governance uncertainty if contested. 4. Cash flow volatility, with negative net cash flow in the latest quarter despite strong annual OCF, may signal timing issues or working capital strain.

📋 Recent Filings

🧠 Analyst's Read

Anuh Pharma operates as a stable, dividend-paying pharmaceutical entity with strong returns and no debt, but lacks growth catalysts. Investors should monitor margin trends and shareholder activity around upcoming governance decisions, particularly related to charter changes and director compensation. The company’s future performance hinges on maintaining operational discipline rather than expansion.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-17.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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