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Piramal Pharma Limited (PPLPHARMA) AI Stock Analysis

IN:PPLPHARMA

Piramal Pharma Limited

(NSE:PPLPHARMA)

Select Model
Rating:64Neutral
Price Target:INR 249.00â–²(4.16% Upside)
Action:reiterated
Date:10/29/26

Improving revenue, balance-sheet strength, and cash generation are the main positives. These are offset by recent losses, negative ROE, a negative P/E ratio, and mixed technical signals including overbought momentum and a negative MACD.

Positive Factors
Revenue Scale-UpThe substantial multi-year revenue expansion indicates that Piramal Pharma has increased its commercial scale across CDMO, hospital generics, and consumer healthcare. A larger revenue base can support operating leverage, broader customer relationships, and continued investment in capabilities over the next several quarters.
Negative Factors
Recurring Profitability VolatilityRepeated losses and limited profits across recent years reduce confidence that revenue growth is translating into durable earnings. The return to a bottom-line loss in FY2026 suggests pressure below operating profit, which could constrain reinvestment capacity and make future results more dependent on successful execution.

Piramal Pharma Limited (PPLPHARMA) vs. iShares MSCI India ETF (INDA)

-40%-30%-20%-10%0%10%20%IN:PPLPHARMA+19.23%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 316.81B
Dividend Yield
0.06%
Average Volume (3M)
507.72K
Price to Earnings (P/E)
-151.4
Beta (1Y)
1.21
Revenue Growth
9.43%
EPS Growth
-767.49%
Country
India
Employees
7,120
Sector
General
Sector Strength
55
Industry
Drug Manufacturers - Specialty & Generic

Piramal Pharma Limited Business Overview & Revenue Model

Company Description

Piramal Pharma Limited operates as a pharmaceutical company in the United States, Europe, Japan, India, and internationally. The company offers a portfolio of pharmaceutical products and services through global development and manufacturing facilitie...

How the Company Makes Money

Piramal Pharma Limited makes money through three main revenue streams. (1) CDMO services: It earns service and manufacturing revenue by partnering with pharmaceutical and biotechnology companies to develop processes, scale up, and manufacture active...

Piramal Pharma Limited Financial Statement Overview

Summary

Revenue and equity have grown, while operating and free cash flow improved. However, profitability remains volatile, FY26 net income was negative, ROE was negative, and cash-flow coverage of net income was weak.

Income Statement

65Positive

Balance Sheet

72Positive

Cash Flow

68Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue92.05B88.69B90.61B81.06B70.32B64.72B
Gross Profit32.91B23.83B54.89B48.48B40.32B37.91B
EBITDA10.81B9.96B16.49B13.67B8.94B12.60B
Net Income-3.14B-3.26B911.30M178.20M-1.86B3.76B
Balance Sheet
Total Assets0179.65B156.78B153.12B145.23B127.97B
Cash, Cash Equivalents and Short-Term Investments13.55B13.55B5.21B5.02B6.60B3.79B
Total Debt056.75B48.56B47.10B56.37B41.28B
Total Liabilities-81.63B98.02B75.52B74.00B77.49B61.00B
Stockholders Equity81.63B81.63B81.25B79.11B67.73B66.97B
Cash Flow
Free Cash Flow4.57B5.10B2.28B2.92B-4.81B-1.23B
Operating Cash Flow8.90B14.00B8.92B10.05B4.84B7.66B
Investing Cash Flow-4.68B-8.69B-4.77B-4.34B-13.39B-18.12B
Financing Cash Flow-3.61B2.57B-4.41B-4.22B8.18B7.94B

Piramal Pharma Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price239.05

Price Trends

50DMA207.81Positive
100DMA194.94Positive
200DMA177.10Positive

Market Momentum

MACD4.75Negative
RSI73.03Negative
STOCH92.21Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PPLPHARMA, the sentiment is Positive. The current price of 239.05 is above the 20-day moving average (MA) of 201.72, above the 50-day MA of 207.81, and above the 200-day MA of 177.10, indicating a bullish trend. The MACD of 4.75 indicates Negative momentum. The RSI at 73.03 is Negative, neither overbought nor oversold. The STOCH value of 92.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PPLPHARMA.

Piramal Pharma Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:PPLPHARMA against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:CONCORDBIOIN:CONCORDBIO67NeutralINR 130.28B46.20―0.61%4.02%-12.81%
IN:PPLPHARMAIN:PPLPHARMA64NeutralINR 318.26B-151.42―0.06%9.43%-767.49%
IN:DCALIN:DCAL56NeutralINR 22.76B33.34――-20.86%-34.51%
IN:SYNGENEIN:SYNGENE56NeutralINR 162.52B86.98―0.31%-5.99%-60.30%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:BIOCONIN:BIOCON49NeutralINR 573.10B103.47―0.14%9.83%5.07%
IN:JUBLINGREAIN:JUBLINGREA46NeutralINR 89.05B25.14―0.89%15.41%21.76%

* General Sector Average

Performance Comparison

-40%-20%0%IN:PPLPHARMAIN:BIOCONIN:CONCORDBIOIN:DCALIN:JUBLINGREAIN:SYNGENEDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:PPLPHARMA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:PPLPHARMAPiramal Pharma Limited239.0537.4518.58%
IN:BIOCONBiocon Limited352.00-24.75-6.57%
IN:CONCORDBIOConcord Biotech Ltd.1245.30-214.11-14.67%
IN:DCALDishman Carbogen Amcis Ltd.145.15-146.50-50.23%
IN:JUBLINGREAJubilant Ingrevia Ltd.559.05-127.98-18.63%
IN:SYNGENESyngene International Ltd.402.60-253.29-38.62%

Piramal Pharma Limited Corporate Events

Piramal Pharma Delivers Strong H1FY27 Performance and Upgrades Full-Year Outlook

Oct 27, 2026

Piramal Pharma Limited reported strong consolidated results for the second quarter and first half of FY27, with revenue from operations rising 28% year-on-year in Q2 and 23% in H1, driven by broad-based growth across CDMO, CHG and consumer healthcare...

Piramal Pharma Posts Strong H1 FY27 Growth and Upgrades Full-Year Outlook

Oct 27, 2026

Piramal Pharma reported robust unaudited consolidated results for the second quarter and first half of FY27, with revenue from operations rising 28% year-on-year in Q2 and 23% in H1, driven by broad-based growth across CDMO, CHG and consumer healthca...

Piramal Pharma Delivers Strong H1 FY27 and Upgrades Full-Year Outlook

Oct 27, 2026

Piramal Pharma Limited has reported strong financial performance for the second quarter and first half of FY27, with consolidated revenue from operations rising 28% year-on-year in Q2 and 23% in H1, driven by broad-based growth across CDMO, CHG, and...

Piramal Pharma Appoints Viral Gandhi as Chief Technology Officer

Sep 30, 2026

Piramal Pharma Limited has announced that its Board of Directors, following the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Viral Gandhi as Chief Technology Officer and Senior Management Personnel effe...

Piramal Pharma to Appeal GST Order Confirming Rs 4.06 Crore Input Tax Credit Demand

Sep 29, 2026

Piramal Pharma Limited has disclosed that it received an Order-in-Original from the Additional Commissioner, CGST & Central Excise, Mumbai East, following a GST audit for financial years 2020-21 to 2022-23. The order disputes the eligibility of c...

Piramal Pharma earns ‘Leader’ ESG rating from independent assessor

Sep 18, 2026

Piramal Pharma Limited has received an Environment, Social and Governance rating of 67.1, placing it in the ‘Leader’ ESG band according to Niche Ninety Nine Capability and Certifications. The rating was communicated to the company by BSE...

Piramal Pharma Addresses FDA Observations at Morpeth Facility

Sep 14, 2026

Piramal Pharma Limited has announced that the U.S. FDA conducted a Good Manufacturing Practices inspection at its Morpeth, U.K. facility from September 3 to September 11, 2026. The inspection resulted in a Form 483 containing seven observations, whic...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 29, 2026