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Biocon is engaged in the business of manufacture of biotechnology products and research services.(Source : 202003-01 Annual Report Page No:195)
Business Segments1) Biosimilars (58% in FY25 vs 50% in FY23):[1][2]Biocon Biologics develops and markets a range of 20 biosimilars including insulins, monoclonal antibodies, and conjugated recombinant proteins across diabetology, oncology, immunology, ophthalmology, and other non-communicable diseases.[3]It isone of the top 5 global players in biosimilars and among the top 3 in insulins. It ranks in thetop 15 companies worldwide for biomanufacturing capacityand has a presence in 120+ countries, including the U.S., Europe, and emerging markets. Its product portfolio includes 10 approved biosimilars and 10 under development.[4]The segment revenue grew by 2% YoY in FY25, driven by market share gains in the U.S. and key tender wins in the Emerging Markets.[5]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Sun Pharma.Inds. | 1818.30 | 37.81 | 436512.69 | 0.88 | 3124.95 | 2.56 | 14478.31 | 8.93 | 20.21 | 54964.01 | 30.12 | 11543.96 | 3117.95 | 5.61 | 12.97 | 0.07 |
| 2. | Divi's Lab. | 6469.00 | 69.11 | 171747.59 | 0.46 | 689.00 | 35.10 | 2715.00 | 16.12 | 20.44 | 10029.00 | 32.37 | 2485.00 | 689.00 | 11.14 | 13.53 | 0.01 |
| 3. | Torrent Pharma. | 3795.70 | 59.34 | 128559.89 | 0.84 | 591.00 | 32.49 | 3302.00 | 14.30 | 27.05 | 12248.00 | 32.60 | 2166.53 | 600.17 | 15.20 | 13.26 | 0.33 |
| 4. | Cipla | 1521.00 | 22.58 | 122853.86 | 0.85 | 1353.37 | 3.73 | 7589.44 | 7.64 | 22.72 | 28349.57 | 25.40 | 5441.14 | 1351.17 | 3.73 | 14.72 | 0.01 |
| 5. | Dr Reddy's Labs | 1277.60 | 18.48 | 106643.70 | 0.63 | 1336.80 | 7.28 | 8828.30 | 9.83 | 22.69 | 34310.00 | 24.64 | 5772.20 | 1347.10 | 2.96 | 12.95 | 0.16 |
| 6. | Lupin | 2092.00 | 22.09 | 95531.68 | 0.57 | 1484.83 | 73.34 | 7047.51 | 24.23 | 21.30 | 24750.69 | 27.25 | 4324.63 | 1477.92 | 4.87 | 12.41 | 0.32 |
| 7. | Zydus Lifesci. | 935.75 | 18.70 | 94062.77 | 1.18 | 1238.60 | 40.92 | 6123.20 | 16.92 | 24.31 | 24493.90 | 31.10 | 5029.35 | 1283.60 | 3.72 | 14.64 | 0.38 |
| 8. | Biocon | 388.35 | 647.16 | 51902.00 | 0.13 | 70.90 | 2115.62 | 583.30 | 11.02 | 2.09 | 2327.00 | 7.17 | 80.20 | 70.90 | 3.25 | 0.30 | 0.16 |
| – | Median: 148 Co. | 409.77 | 31.79 | 1710.39 | 0.12 | 12.57 | 12.32 | 152.64 | 10.54 | 14.85 | 582.87 | 15.93 | 44.55 | 13.49 | 3.2 | 8.39 | 0.22 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 555 | 563 | 563 | 513 | 511 | 537 | 507 | 533 | 644 | 490 | 519 | 525 | 583 |
Expenses | 518 | 492 | 532 | 441 | 466 | 516 | 551 | 480 | 582 | 462 | 452 | 488 | 530 |
Operating Profit | 37 | 71 | 31 | 72 | 45 | 21 | -44 | 52 | 62 | 28 | 67 | 38 | 53 |
Other Income | 60 | 48 | 672 | 56 | 42 | 61 | 1,918 | 39 | 63 | 1,108 | 64 | 74 | 134 |
Profit before tax | 46 | 33 | 604 | 50 | 1 | -8 | 1,796 | 22 | 35 | 1,106 | 46 | 21 | 86 |
Tax % | 24% | 27% | 3% | 6% | 18% | 9% | -1% | 36% | 39% | 11% | 25% | 85% | 17% |
Net Profit | 35 | 24 | 584 | 47 | 1 | -8 | 1,811 | 14 | 21 | 988 | 35 | 3 | 71 |
EPS in Rs | 0.29 | 0.20 | 4.86 | 0.39 | 0.01 | -0.06 | 15.08 | 0.12 | 0.18 | 8.23 | 0.29 | 0.03 | 0.53 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 2,202 | 2,242 | 2,302 | 2,588 | 2,419 | 1,786 | 1,988 | 2,028 | 1,738 | 1,993 | 2,127 | 2,243 | 2,327 |
Expenses | 1,729 | 1,812 | 1,880 | 1,996 | 2,101 | 1,575 | 1,702 | 1,716 | 1,677 | 1,969 | 1,864 | 2,066 | 2,160 |
Operating Profit | 473 | 430 | 422 | 592 | 318 | 210 | 286 | 312 | 61 | 24 | 264 | 177 | 167 |
Other Income | 61 | 127 | 279 | 99 | 125 | 422 | 366 | 150 | 187 | 3,134 | 206 | 848 | 930 |
Interest | 1 | 1 | 2 | 4 | 1 | 3 | 1 | 0 | 0 | 70 | 199 | 237 | 245 |
Depreciation | 124 | 128 | 140 | 151 | 136 | 92 | 98 | 104 | 108 | 117 | 121 | 128 | 134 |
Profit before tax | 409 | 428 | 559 | 536 | 306 | 537 | 553 | 359 | 140 | 2,971 | 150 | 661 | 717 |
Net Profit | 324 | 361 | 369 | 519 | 238 | 493 | 441 | 280 | 86 | 2,848 | 119 | 609 | 668 |
EPS in Rs | 2.70 | 3.01 | 3.07 | 4.33 | 1.99 | 4.11 | 3.67 | 2.34 | 0.72 | 23.72 | 0.99 | 5.07 | 5.51 |
Dividend Payout % | 31% | 28% | 27% | 12% | 25% | 12% | 0% | 0% | 70% | 6% | 50% | 10% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 100 | 100 | 100 | 100 | 300 | 300 | 600 | 600 | 600 | 600 | 600 | 600 | 668 |
Reserves | 2,318 | 2,484 | 5,897 | 6,441 | 6,439 | 6,815 | 6,937 | 7,307 | 7,493 | 10,316 | 10,312 | 10,924 | 15,315 |
Borrowings | 121 | 82 | 370 | 134 | 133 | 71 | 4 | 2 | 77 | 1,301 | 2,043 | 2,876 | 2,543 |
Other Liabilities | 679 | 667 | 732 | 794 | 855 | 1,054 | 770 | 665 | 699 | 813 | 813 | 1,221 | 1,295 |
Total Liabilities | 3,218 | 3,333 | 7,098 | 7,469 | 7,727 | 8,240 | 8,311 | 8,574 | 8,869 | 13,030 | 13,768 | 15,621 | 19,821 |
Fixed Assets | 949 | 914 | 894 | 938 | 903 | 1,101 | 793 | 798 | 870 | 961 | 958 | 1,114 | 1,080 |
Gross Block | 1,730.00 | 1,832.10 | 1,934.40 | 2,128.90 | 2,236.70 | 2,581.30 | 1,993.30 | 2,098.10 | 2,277.10 | 2,479.70 | 2,586.80 | 2,838.60 | – |
Accumulated Depreciation | 780.70 | 917.80 | 1,040.60 | 1,190.90 | 1,334.10 | 1,480.20 | 1,200.10 | 1,300.00 | 1,406.90 | 1,518.30 | 1,628.40 | 1,725.10 | – |
CWIP | 102 | 58 | 172 | 241 | 318 | 254 | 152 | 179 | 285 | 344 | 560 | 701 | 822 |
Investments | 493 | 165 | 3,853 | 3,888 | 4,199 | 4,093 | 4,953 | 5,413 | 5,280 | 9,271 | 9,318 | 11,383 | 14,133 |
Other Assets | 1,674 | 2,196 | 2,179 | 2,402 | 2,307 | 2,792 | 2,413 | 2,184 | 2,434 | 2,454 | 2,932 | 2,424 | 3,787 |
Total Assets | 3,218 | 3,333 | 7,098 | 7,469 | 7,727 | 8,240 | 8,311 | 8,574 | 8,869 | 13,030 | 13,768 | 15,621 | 19,821 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 186 | 125 | 208 | 186 | 355 | 110 | 387 | 478 | 48 | 219 | -123 | 624 |
Cash from Investing Activity | 51 | 145 | -313 | 104 | -553 | 315 | -189 | -628 | -302 | -1,173 | -295 | -992 |
Cash from Financing Activity | -187 | -158 | 73 | -238 | -55 | -208 | -129 | 28 | 112 | 1,039 | 344 | 495 |
Net Cash Flow | 50 | 112 | -32 | 52 | -252 | 217 | 69 | -122 | -142 | 86 | -74 | 127 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 82 | 90 | 80 | 113 | 112 | 184 | 105 | 106 | 147 | 121 | 180 | 135 |
Inventory Days | 131 | 148 | 187 | 190 | 195 | 371 | 236 | 197 | 245 | 208 | 260 | 296 |
Days Payable | 99 | 109 | 146 | 159 | 202 | 298 | 230 | 170 | 172 | 169 | 175 | 288 |
Cash Conversion Cycle | 115 | 129 | 121 | 144 | 105 | 257 | 111 | 133 | 220 | 159 | 265 | 143 |
Working Capital Days | 52 | 76 | 42 | 108 | 87 | 214 | 154 | 122 | 181 | 151 | 244 | 30 |
ROCE % | 17% | 17% | 10% | 8% | 4% | 5% | 5% | 5% | 2% | 2% | 3% | 2% |
Direct from BSE filings, auto-summarised
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