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Marksans Pharma Limited (524404) Fair Value & Analysis

Healthcare · IN · Market cap ₹20.7B

MP Marksans Pharma Limited 524404 · BSE
Price₹331.65
Fair Value₹151.74
Upside-54.3%
Quality53/100
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Expensive Growth
Solidly profitable · 13.1% net margin
Low debt
0.20% dividend yield
Wide moat 73/100
Evidence: High Range ₹74.25 – ₹241.62 Share as image

Fair value as of: Aug 18, 2026

From 26 valuation models · updated today

Share price +24.2% over the past month.

A solid business, but screening 54% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹241.62). The favourable scenario is already priced in.
  • The model range is unusually wide (₹74.25 to ₹241.62). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹352.01 ₹38.92 Fair Value ₹151.74 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

60‑month range ₹38.92 – ₹352.01 · fair‑value band ₹74.25 – ₹241.62 · the ₹331.65 price screens above the ₹151.74 fair value. Dashed = 300-day average. As of Aug 18, 2026.

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Analysis

Marksans Pharma Limited (524404) currently trades at ₹331.65, while our model-based Fair Value estimate is ₹151.74, implying the stock looks roughly 54.3% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Marksans Pharma Limited generated revenue of ₹13.2B at a net margin of 13.1%. Revenue grew 39.0% year over year. It earns a return on equity of 25.5%. The stock trades on a trailing P/E of 12.1 (as of Aug 18, 2026). Fundamentals as of Aug 18, 2026

Our scenario range runs from ₹74.25 (bear case) to ₹241.62 (bull case); at ₹331.65, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 113% above its 52-week low. For context, the median of 10 Healthcare peers we cover trades at -36% fair-value upside, at -54%, 524404 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹18.18 ₹30.15 ₹49.16 80
Residual Income ₹61.99 ₹85.52 ₹307.35 76
Rev-Margin DCF ₹84.40 ₹170.54 ₹291.59 74
All 26 models by family
DCF Models
FCF DCF ₹18.52 ₹28.52 ₹53.86 38
Owner Earnings ₹108.75 ₹216.19 ₹423.74 31
5Y Revenue Exit ₹84.40 ₹176.34 ₹312.23 39
5Y EBITDA Exit ₹104.39 ₹220.89 ₹379.59 41
5Y P/E Exit ₹112.71 ₹239.42 ₹397.25 38
10Y Revenue Exit ₹59.67 ₹141.41 ₹288.59 36
10Y EBITDA Exit ₹77.28 ₹175.56 ₹349.47 37
10Y P/E Exit ₹82.98 ₹189.77 ₹365.43 35
Earnings-Based
Graham-Dodd ₹63.23 ₹374.01 ₹520.92 54
Lynch FV ₹106.22 ₹151.74 ₹197.26 50
PEG = 1.0 ₹106.22 ₹151.74 ₹197.26 46
EPV ₹104.29 ₹120.56 ₹134.79 59
Dividend Discount
Gordon GGM ₹6.10 ₹12.68 ₹20.12 70
DDM Multi-Stage ₹6.10 ₹10.69 ₹13.31 61
Multiples
P/E Multiple ₹153.41 ₹204.55 ₹255.69 63
P/S Multiple ₹118.55 ₹158.06 ₹197.58 58
P/B Multiple ₹118.55 ₹158.06 ₹197.58 55
EV/EBIT ₹151.88 ₹200.27 ₹248.67 53
EV/EBITDA ₹147.64 ₹194.63 ₹241.62 54
EV/Revenue ₹110.31 ₹154.72 ₹199.13 43
Asset-Based
NCAV (Graham) ₹30.13 ₹40.38 ₹60.27 50
Growth DCF
Growth DCF ₹18.18 ₹30.15 ₹49.16 80
Rev-Margin DCF ₹84.40 ₹170.54 ₹291.59 74
Economic Profit
Residual Income ₹61.99 ₹85.52 ₹307.35 76
ROIC Compounder ₹124.01 ₹175.28 ₹247.85 72
Growth Earnings
Growth-Adj P/E ₹158.82 ₹226.89 ₹294.95 68

Widest divergence: Growth Earnings (₹226.89) versus Dividend Discount (₹10.69). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹13.2B
Revenue growth (YoY) +39.0%
Net margin 13.1%
Return on equity 25.5%
P/E ratio 12.1 as of Aug 18, 2026
Operating margin 18.2%
More key figures
EPS (TTM) ₹4.24
Dividend yield 0.2%
EPS growth (YoY) +92.1%

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 52 · Market factors (momentum, volatility) 69

Profitability 66
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 25
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 64
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Marksans Pharma Limited, together with its subsidiaries, researches, develops, manufactures, markets, distributes, and sells generic pharmaceutical formulations in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally.

Full company description

Marksans Pharma Limited, together with its subsidiaries, researches, develops, manufactures, markets, distributes, and sells generic pharmaceutical formulations in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. The company offers products in the analgesic, anti-inflammatory, benign prostatic hyperplasia, epilepsy, hyperparathyroidism, diabetic and antidiabetic, pain management, neurology, antacid, hormonal, antifungal, antiulcerative, cardiovascular and central nervous system, vitamin, cough and cold, dermatology, gastrointestinal, gynecology, cephalosporin, injectable, antibacterial, hypertension, oncology, and antibiotics and anti-allergic therapeutic areas. It also provides contract research and manufacturing services; and develops and out-licenses patented products. The company was incorporated in 1992 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Marksans Pharma Limited reported revenue of ₹26.2B in FY2025 versus ₹13.8B in FY2021, a compound +17.5%/yr. Reported net income was ₹3.8B in FY2025, compounding +12.7%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹26.2B
Latest YoY
+20.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.3%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.8%
Revenue +17.5%/yr
FY21 ₹13.8B
FY22 ₹14.9B
FY23 ₹18.5B
FY24 ₹21.8B
FY25 ₹26.2B
Net income +12.7%/yr
FY21 ₹2.4B
FY22 ₹1.8B
FY23 ₹2.7B
FY24 ₹3.1B
FY25 ₹3.8B

524404 screens 54% overvalued. Compare with AstraZeneca Pharma India Limited →

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Cite: Fair Value Calculator (2026). "Marksans Pharma Limited Fair Value". https://www.fairvalue-calculator.com/stock/524404

Peer Group

Health Care · 2250 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Drug Manufacturers - Major” was too small, so the broader sector is used.)

Quality Score 54 · Above median
Fair Value upside −40% · Below median
Return on equity (TTM) 25% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 39% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Health Care median · lower = cheaper

P/E (TTM) 12.1× · Cheaper than 75% of peers
P/B 0.84× · Cheaper than median
P/S (TTM) 1.57× · Cheaper than median
EV/EBITDA 6.5× · Cheaper than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Drug Manufacturers - Major stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
AstraZeneca Pharma India Limited 506820 ₹7,754 ₹810.13 -90%
Granules India Limited 532482 ₹861.80 ₹420.24 -51%
FDC Limited 531599 ₹354.40 ₹255.06 -28%
Bliss GVS Pharma Limited 506197 ₹524.05 ₹104.64 -80%
Lincoln Pharmaceuticals Limited 531633 ₹612.85 ₹600.51 -2%
Albert David Limited 524075 ₹808.85 ₹500.79 -38%
Syncom Formulations (India) Limited 524470 ₹15.88 ₹10.20 -36%
Wanbury Limited 524212 ₹250.55 ₹226.69 -10%
Makers Laboratories Limited 506919 ₹153.20 ₹105.20 -31%
Syschem (India) Limited 531173 ₹30.91 ₹7.53 -76%

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Frequently asked questions

Is Marksans Pharma Limited (524404) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of ₹151.74 versus a price of ₹331.65, about −54% (overvalued).
What is the fair value of 524404?
Our model-based fair value for Marksans Pharma Limited is ₹151.74 (as of Aug 18, 2026), built from audited fundamentals. The current price is ₹331.65.
What is the quality score of 524404?
Marksans Pharma Limited has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Marksans Pharma Limited (524404)?
Marksans Pharma Limited reported trailing-twelve-month revenue of about ₹13.2B (latest available figure, as of Aug 18, 2026).
What is the net profit margin of 524404?
The net profit margin of Marksans Pharma Limited is about 13.1%, meaning it keeps roughly 13.1% of revenue as net income. Based on the latest reported figures.
Does Marksans Pharma Limited pay a dividend?
Marksans Pharma Limited currently shows a dividend yield of about 0.20% relative to its recent price (as of Aug 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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