EN DE

Procter & Gamble Health Limited (PGHL) Fair Value & Analysis

Healthcare · IN · Market cap ₹106B

PG Procter & Gamble Health Limited PGHL · NSE
Price₹5,837
Fair Value₹5,073
Upside-13.1%
Quality93/100
Watch Procter & Gamble Health Limited for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Highly profitable · 23.2% net margin
Low debt · generates free cash flow
2.40% dividend yield
Ranks above peers (10/14)
Wide moat 99/100
Evidence: High Range ₹3,280 – ₹7,064 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from ₹3,533 to ₹5,073 (+43.6%) since Aug 8, 2026. Share price −14.2% over the past month.

A strong business, but screening 13% overvalued on our models.

What matters now

  • A fairly wide model range (₹3,280 to ₹7,064) leaves room in how you read the outcome.
  • Our model range runs from ₹3,280 (bear) to ₹7,064 (bull), base ₹5,073. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 93/100 (high quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹6,919 ₹3,484 Fair Value ₹5,073 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹3,484 – ₹6,919 · fair‑value band ₹3,280 – ₹7,064 · the ₹5,837 price screens above the ₹5,073 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Procter & Gamble Health Limited (PGHL) currently trades at ₹5,837, while our model-based Fair Value estimate is ₹5,073, implying the stock looks roughly 13.1% overvalued today. The Quality Score stands at 93/100 (high 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, Procter & Gamble Health Limited generated revenue of ₹14.1B at a net margin of 23.2%. Revenue grew 19.1% year over year. It earns a return on equity of 61.6%. The balance sheet holds a net cash position of ₹1.8B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹3,280 (bear case) to ₹7,064 (bull case); at ₹5,837, the current price sits within 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 13% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at -13%, PGHL 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
Growth DCF ₹2,395 ₹3,576 ₹5,299 80
Residual Income ₹1,112 ₹1,339 ₹6,901 76
Rev-Margin DCF ₹2,007 ₹3,129 ₹4,452 74
All 26 models by family
DCF Models
FCF DCF ₹2,366 ₹3,722 ₹5,843 38
Owner Earnings ₹2,455 ₹3,865 ₹6,070 31
5Y Revenue Exit ₹2,007 ₹3,125 ₹4,557 39
5Y EBITDA Exit ₹2,584 ₹4,224 ₹6,161 41
5Y P/E Exit ₹2,796 ₹4,629 ₹6,585 38
10Y Revenue Exit ₹2,059 ₹3,121 ₹4,565 36
10Y EBITDA Exit ₹2,485 ₹3,891 ₹5,810 37
10Y P/E Exit ₹2,621 ₹4,175 ₹6,139 35
Earnings-Based
Graham-Dodd ₹1,339 ₹4,545 ₹6,094 54
Lynch FV ₹1,041 ₹1,487 ₹1,933 50
PEG = 1.0 ₹1,041 ₹1,487 ₹1,933 46
EPV ₹1,889 ₹2,186 ₹2,445 59
Dividend Discount
Gordon GGM ₹1,882 ₹3,914 ₹6,208 70
DDM Multi-Stage ₹1,882 ₹3,240 ₹4,107 61
Multiples
P/E Multiple ₹3,250 ₹4,333 ₹5,416 63
P/S Multiple ₹2,227 ₹2,969 ₹3,711 58
P/B Multiple ₹1,067 ₹1,422 ₹1,778 55
EV/EBIT ₹3,436 ₹4,545 ₹5,654 53
EV/EBITDA ₹2,999 ₹3,961 ₹4,924 54
EV/Revenue ₹1,891 ₹2,655 ₹3,418 43
Asset-Based
NCAV (Graham) ₹158.00 ₹211.72 ₹316.01 50
Growth DCF
Growth DCF ₹2,395 ₹3,576 ₹5,299 80
Rev-Margin DCF ₹2,007 ₹3,129 ₹4,452 74
Economic Profit
Residual Income ₹1,112 ₹1,339 ₹6,901 76
ROIC Compounder ₹1,949 ₹2,326 ₹2,703 72
Growth Earnings
Growth-Adj P/E ₹2,756 ₹3,937 ₹5,118 68

Widest divergence: Growth Earnings (₹3,937) versus Asset-Based (₹211.72). Highest evidence: Growth DCF (80).

Notify me when PGHL reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹14.1B
Revenue growth (YoY) +19.1%
Net margin 23.2%
Return on equity 61.6%
Free cash flow ₹3.2B FY2025
P/E ratio 29.6
More key figures
Operating margin 34.9%
EPS (TTM) ₹197.12
Dividend yield 2.4%
EPS growth (YoY) +54.6%
Net cash ₹1.8B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 93/100

Of which business quality 87 · Market factors (momentum, volatility) 63

Profitability 99
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 82
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

Procter & Gamble Health Limited manufactures and markets pharmaceuticals and chemical products in India and internationally. The company offers over-the-counter products, vitamins, minerals, and supplements. It offers its products under the Polybion, Cosome, Evion, Neurobion, Nasivion, Livogen, and Seven Seas brands.

Full company description

Procter & Gamble Health Limited manufactures and markets pharmaceuticals and chemical products in India and internationally. The company offers over-the-counter products, vitamins, minerals, and supplements. It offers its products under the Polybion, Cosome, Evion, Neurobion, Nasivion, Livogen, and Seven Seas brands. The company was formerly known as Merck Limited and changed its name to Procter & Gamble Health Limited in May 2019. Procter & Gamble Health Limited was incorporated in 1967 and is headquartered in Mumbai, India. Procter & Gamble Health Limited is a subsidiary of Procter & Gamble Overseas India B.V.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Procter & Gamble Health Limited reported revenue of ₹14.1B in FY2025 versus ₹11.1B in FY2021, a compound +6.0%/yr. Reported net income was ₹3.3B in FY2025, compounding +14.2%/yr from FY2021.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
₹14.1B
Latest YoY
+15.6%
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.
+4.6%
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.
+4.0%
Avg. growth/yr (22Y) 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.
+6.3%
Revenue +6.0%/yr
FY21 ₹11.1B
FY22 ₹12.3B
FY23 ₹11.5B
FY24 ₹12.2B
FY25 ₹14.1B
Net income +14.2%/yr
FY21 ₹1.9B
FY22 ₹2.3B
FY23 ₹2.0B
FY24 ₹2.5B
FY25 ₹3.3B
Character of growth · EPS growth decomposed (2014-2025) +18.0 % p.a.
Revenue per share +3.4 pp

of which total revenue +3.4 pp · buybacks/dilution +0.0 pp

EBIT margin +3.5 pp
Tax rate +1.2 pp
Residual (interest, one-offs) +9.9 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).

PGHL screens 13% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Procter & Gamble Health Limited Fair Value". https://www.fairvalue-calculator.com/stock/PGHL

Peer Group

Drug Manufacturers - Specialty & Generic · 625 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 93 · Top 25%
Fair Value upside −13% · Above median
Return on equity (TTM) 62% · Top 25%
Return on assets 33% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 35% · Top 25%
Revenue growth 19% · Top 25%
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.01× · Lower than median

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

P/E (TTM) 29.6× · Pricier than median
P/B 20.26× · Pricier than 75% of peers
P/S (TTM) 7.55× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 22.9× · 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 16 · sector 7
FUTURE 96 · sector 20
PAST 100 · sector 24
HEALTH 100 · sector 96
DIVIDEND 48 · sector 32

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 13, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.76 ¥25.94 -52%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,944 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹8,500 ₹1,932 -77%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,915 ₹1,163 -76%
PharmaEssentia Corporation 6446 1,440 TWD 233.93 TWD -84%
Cipla Limited CIPLA ₹1,463 ₹1,001 -32%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,167 ₹703.32 -40%
Lupin Limited LUPIN ₹2,281 ₹2,477 +9%
Mankind Pharma Limited MANKIND ₹2,433 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,200 ₹874.79 -27%

Compare Procter & Gamble Health Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Procter & Gamble Health Limited (PGHL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹5,073 versus a price of ₹5,837, about −13% (overvalued).
What is the fair value of PGHL?
Our model-based fair value for Procter & Gamble Health Limited is ₹5,073 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹5,837.
What is the quality score of PGHL?
Procter & Gamble Health Limited has a Quality Score of 93/100. 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 Procter & Gamble Health Limited (PGHL)?
Procter & Gamble Health Limited reported trailing-twelve-month revenue of about ₹14.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of PGHL?
The net profit margin of Procter & Gamble Health Limited is about 23.2%, meaning it keeps roughly 23.2% of revenue as net income. Based on the latest reported figures.
Does Procter & Gamble Health Limited pay a dividend?
Procter & Gamble Health Limited currently shows a dividend yield of about 2.40% relative to its recent price (as of Aug 13, 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.

14 days Pro free · no card

Track Procter & Gamble Health Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.