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Amrutanjan Health Care Limited (AMRUTANJAN) Fair Value & Analysis

Healthcare · IN · Market cap ₹15.5B

AH Amrutanjan Health Care Limited AMRUTANJAN · NSE
Price₹488.35
Fair Value₹374.06
Upside-23.4%
Quality56/100
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Expensive Growth
Solidly profitable · 11.5% net margin
negative free cash flow
0.73% dividend yield
Mixed vs. peers (6/12)
Moderate moat 56/100
Evidence: High Range ₹261.84 – ₹469.21 Share as image

Fair value as of: Aug 2, 2026

From 17 valuation models · updated 11 days ago

Share price −9.6% over the past month.

A solid business, but screening 23% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹469.21). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹963.77 ₹488.35 Fair Value ₹374.06 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹488.35 – ₹963.77 · fair‑value band ₹261.84 – ₹469.21 · the ₹488.35 price screens above the ₹374.06 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Amrutanjan Health Care Limited (AMRUTANJAN) currently trades at ₹488.35, while our model-based Fair Value estimate is ₹374.06, implying the stock looks roughly 23.4% overvalued today. The Quality Score stands at 56/100 (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, Amrutanjan Health Care Limited generated revenue of ₹5.0B at a net margin of 11.5%. Revenue grew 10.5% year over year. It earns a return on equity of 16.6%. The balance sheet holds a net cash position of ₹315M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹261.84 (bear case) to ₹469.21 (bull case); at ₹488.35, 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 38% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at -23%, AMRUTANJAN screens cheaper 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
Residual Income ₹133.13 ₹177.39 ₹547.26 76
Gordon GGM ₹41.93 ₹87.18 ₹138.31 70
Growth-Adj P/E ₹261.84 ₹374.06 ₹486.28 68
All 17 models by family
DCF Models
Owner Earnings ₹51.87 ₹82.78 ₹135.44 31
Earnings-Based
Graham-Dodd ₹136.28 ₹598.05 ₹818.43 54
Lynch FV ₹154.45 ₹220.65 ₹286.84 50
PEG = 1.0 ₹154.45 ₹220.65 ₹286.84 46
EPV ₹174.31 ₹201.44 ₹225.18 59
Dividend Discount
Gordon GGM ₹41.93 ₹87.18 ₹138.31 70
DDM Multi-Stage ₹41.93 ₹73.52 ₹91.50 61
Multiples
P/E Multiple ₹330.67 ₹440.90 ₹551.12 63
P/S Multiple ₹255.52 ₹340.69 ₹425.86 58
P/B Multiple ₹255.52 ₹340.69 ₹425.86 55
EV/EBIT ₹317.55 ₹419.56 ₹521.57 53
EV/EBITDA ₹286.51 ₹378.17 ₹469.83 54
EV/Revenue ₹229.95 ₹323.56 ₹417.16 43
Asset-Based
NCAV (Graham) ₹64.05 ₹85.83 ₹128.11 50
Economic Profit
Residual Income ₹133.13 ₹177.39 ₹547.26 76
ROIC Compounder ₹191.31 ₹255.13 ₹341.81 67
Growth Earnings
Growth-Adj P/E ₹261.84 ₹374.06 ₹486.28 68

Widest divergence: Growth Earnings (₹374.06) versus Dividend Discount (₹73.52). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹5.0B
Revenue growth (YoY) +10.5%
Net margin 11.5%
Return on equity 16.6%
Free cash flow −₹31.2M FY2026
P/E ratio 26.7
More key figures
Operating margin 10.9%
EPS (TTM) ₹20.04
Dividend yield 0.7%
EPS growth (YoY) +6.7%
Net cash ₹315M FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 35

Profitability 64
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 84
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

Amrutanjan Health Care Limited manufactures, supplies, and sells ayurvedic pain balms and women hygiene products in India and internationally. It operates through OTC Products, Beverages, Women's Hygiene, and Others segments.

Full company description

Amrutanjan Health Care Limited manufactures, supplies, and sells ayurvedic pain balms and women hygiene products in India and internationally. It operates through OTC Products, Beverages, Women's Hygiene, and Others segments. The company provides pain management products comprising pain balms and roll-ons, back pain roll-ons, stick-on patch, and joint muscle sprays; dental pain gel; and decorn corn caps; hand sanitizer under the NOGerms brand name; and fruit and rehydration juice drinks under the Fruitnik brand name. The company also offers congestion management products that consists of cold rubs, cough syrups, nasal inhalers, and swas mints, as well as provides sanitary napkins for women. In addition, it operates a pain management center. The company was formerly known as Amrutanjan Limited and changed its name to Amrutanjan Health Care Limited in 2007. Amrutanjan Health Care Limited was founded in 1893 and is based in Chennai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Amrutanjan Health Care Limited reported revenue of ₹5.0B in FY2026 versus ₹4.1B in FY2022, a compound +5.5%/yr. Reported net income was ₹579M in FY2026, compounding −3.6%/yr from FY2022.

Growth Quality 56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹5.0B
Latest YoY
+11.6%
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.
+9.8%
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.
+8.7%
Avg. growth/yr (20Y) 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.
+10.7%
Revenue +5.5%/yr
FY22 ₹4.1B
FY23 ₹3.8B
FY24 ₹4.2B
FY25 ₹4.5B
FY26 ₹5.0B
Net income −3.6%/yr
FY22 ₹672M
FY23 ₹398M
FY24 ₹450M
FY25 ₹508M
FY26 ₹579M
Character of growth · EPS growth decomposed (2015-2026) +11.7 % p.a.
Revenue per share +10.3 pp

of which total revenue +10.2 pp · buybacks/dilution +0.1 pp

EBIT margin −2.4 pp
Tax rate +1.7 pp
Residual (interest, one-offs) +2.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

AMRUTANJAN screens 23% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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Cite: Fair Value Calculator (2026). "Amrutanjan Health Care Limited Fair Value". https://www.fairvalue-calculator.com/stock/AMRUTANJAN

Peer Group

Drug Manufacturers - Specialty & Generic · 623 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Above median
Fair Value upside −23% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 12% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 0.7% · Below median

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/E (TTM) 26.7× · Pricier than median
P/B 4.18× · Pricier than 75% of peers
P/S (TTM) 3.08× · Pricier than median
EV/EBITDA 22.3× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 2 · sector 5
FUTURE 53 · sector 21
PAST 66 · sector 24
HEALTH 0 · sector 97
DIVIDEND 15 · sector 34

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 - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is Amrutanjan Health Care Limited (AMRUTANJAN) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹374.06 versus a price of ₹488.35, about −23% (overvalued).
What is the fair value of AMRUTANJAN?
Our model-based fair value for Amrutanjan Health Care Limited is ₹374.06 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹488.35.
What is the quality score of AMRUTANJAN?
Amrutanjan Health Care Limited has a Quality Score of 56/100. 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 Amrutanjan Health Care Limited (AMRUTANJAN)?
Amrutanjan Health Care Limited reported trailing-twelve-month revenue of about ₹5.0B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of AMRUTANJAN?
The net profit margin of Amrutanjan Health Care Limited is about 11.5%, meaning it keeps roughly 11.5% of revenue as net income. Based on the latest reported figures.
Does Amrutanjan Health Care Limited pay a dividend?
Amrutanjan Health Care Limited currently shows a dividend yield of about 0.73% relative to its recent price (as of Aug 2, 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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