Anuh Pharma Ltd (ANUHPHR)
🎯 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
📖 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)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 186 | 197 | 202 | 194 |
| Operating Profit | 9 | 16 | 17 | 14 |
| OPM % | 4.8% | 8.2% | 8.3% | 7.2% |
| Net Profit | 8 | 13 | 12 | 11 |
| 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)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 25 | 25 | 50 | 50 |
| Reserves | 278 | 301 | 277 | 302 |
| Borrowings | 14 | 11 | 0 | 0 |
| Total Liabilities | 434 | 507 | 509 | 557 |
| Fixed Assets | 46 | 58 | 61 | 57 |
| Investments | 98 | 106 | 71 | 84 |
| Total Assets | 434 | 507 | 509 | 557 |
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)
| Item | Mar 2026 |
|---|---|
| Operating | -3 |
| Investing | +18 |
| Financing | -26 |
| Net Cash Flow | -11 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 71.8% | 71.8% | 71.8% | 71.8% |
| FII | 0.0% | 0.0% | 0.1% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 23.9% | 23.7% | 23.6% | 23.5% |
| # Shareholders | 28,250 | 27,889 | 27,425 | 27,484 |
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 |
🔗 Peer Stock Analyses
⚠️ 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
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Announcement 19 August 2026Anuh Pharma Limited released its Q1 FY27 investor presentation, highlighting a 3.93% YoY revenue increase to Rs. 193.81 crores and a 41.56% YoY EBITDA...
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🟡 Board Meeting 12 August 2026Anuh Pharma Limited held its 66th Annual General Meeting on 12 August 2026 via video conference, confirming quorum and conducting all statutory busine...
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🟡 Board Meeting 18 July 2026Anuh Pharma Limited announced its 66th AGM on 12 August 2026 via video conference, where shareholders will vote on adopting new Memorandum and Article...
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🔴 annual report 18 July 2026Anuh Pharma Limited disclosed that it sent letters to shareholders without registered email addresses, providing a web link and navigation path to acc...
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share transfer 14 July 2026Anuh Pharma Limited received a SEBI Regulation 74(5) certificate from Bigshare Services confirming no dematerialisation requests for its equity shares...
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Financial Results 26 June 2026Anuh Pharma Limited announced that its trading window will close on July 1, 2026, for all insiders and designated persons, remaining shut for 48 hours...
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Announcement 28 May 2026Anuh Pharma Limited announced its Q4 FY2025-26 investor presentation, highlighting 15.66% YoY revenue growth to Rs. 776 crores driven by volume expans...
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🔴 Corporate Action 20 May 2026Anuh Pharma Limited announced on May 20, 2026, its FY2025-26 audited results with a proposed dividend of **₹1.50 per share (30% payout)** payable afte...
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🔴 Corporate Action 20 May 2026Anuh Pharma Limited announced a Rs 1.50 per share dividend (30% payout on Rs 5 face value) for FY 2025-26, with record date set for 5 August 2026 and ...
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🔴 Financial Results 20 May 2026Anuh Pharma Limited announced audited FY2025-26 results showing cash generated from operations of **₹4,824.66 crores** and net cash used in financing ...
🧠 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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