Biocon logo

Biocon share price

NSE: BIOCONBSE: 532523Pharmaceuticals & BiotechnologyMid Cap

Biocon Limited · Face value ₹5 · Listed Apr 2004
Last close ₹332.45up ₹3.65 (1.11%)BSE ₹333.80

Share price at the NSE close on 27 Oct 2026. Previous close ₹328.80.

27 Oct: open ₹329.80, high ₹334.65, low ₹328.00

52-week range of traded prices to 27 Oct 2026
₹318.40Low, 23 Oct 2026₹447.15High, 16 Jul 2026
Market cap
₹54,179 Cr173rd largest listed
P/E
109.39
P/E without one-offs
60.57
P/B
1.59
Dividend yield
0.15%
ROE
1.8%
ROE without one-offs
3.2%
ROCE
2.9%
Debt to equity
0.40
Volume, NSE
30,40,82149.3% delivered

Biocon share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−7.8%over a year · Nifty Pharma +17.7% · Nifty 500 −8.8%

ResultsBuyback20-session average 26,97,560 shares a day, 53.1% delivered

About Biocon

Biocon Limited is a Bengaluru-based biopharmaceutical company that makes biosimilars (close copies of biologic medicines whose patents have expired) and generic medicines for chronic conditions such as diabetes, cancer, obesity and immune diseases.1 It sells in North America, Europe and emerging markets including Latin America, the Middle East, North Africa and Asia.23 Through its subsidiary Syngene International, it also offers contract research, development and manufacturing.3

Its biosimilars include insulins and monoclonal antibodies (lab-made proteins that act on specific targets in the body) used in diabetes, cancer, immunology, eye disease and bone health.45 Its generics business, which began with a statin made by fermentation, makes active pharmaceutical ingredients (APIs, the active substance of a medicine), including statins and immunosuppressants, and finished generic medicines.36

It was incorporated in 1978 and listed on the stock exchanges in 2004.78 In 2022 it acquired the biosimilars business of Viatris.4 It then acquired the remaining shares of its biosimilars subsidiary Biocon Biologics, through share swaps and $400 million in cash paid to Mylan, and Biocon Biologics became wholly owned on 29 Jun 2026.910 It raised ₹45,000 million in Jun 2025 and ₹41,500 million in Jan 2026 through qualified institutions placements (sales of new shares to large institutional investors).11

At the end of Mar 2026, Biocon owned 52.4% of Syngene International, which is separately listed.124 Kiran Mazumdar-Shaw is Executive Chairperson, and Shreehas Tambe became Chief Executive Officer and Managing Director on 1 Apr 2026.13

Biocon key points

Results

  • In the quarter to Jun 2026, consolidated revenue from operations grew 10% year on year, and EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹902 crore, a margin of 21%.14
  • Biocon's net profit before one-off items was ₹145 crore in the quarter, up 245%, and interest cost fell 23% to ₹213 crore.15
  • In the year to Mar 2026, Biocon's revenue from operations rose 11% to ₹169,270 million; EBITDA was ₹37,978 million, a 22% margin, up 25% like-to-like (excluding one-time lenalidomide sales and a business sold a year earlier) and down 13% as reported.161718
  • Biocon's net profit attributable to shareholders for the year was ₹3,856 million, up 186% like-to-like and down 62% as reported, and net debt (debt after deducting cash) was 2.7 times EBITDA at the end of Mar 2026.192021

Market position

  • In its annual report for the year to Mar 2026, the company described Kirsty, its biosimilar insulin aspart, as the first and only interchangeable rapid-acting biosimilar insulin approved in the US (one a pharmacy may substitute for the original).22

Business segments

  • Biosimilars. 60% of segment revenue in the year to Mar 2026: ₹104,312 million, up 16% like-to-like. Quarter to Jun 2026 revenue rose 16% to ₹2,855 crore; EBITDA rose 10% to ₹728 crore, a 25% margin.2324
  • Generics. 18% of segment revenue in the year to Mar 2026: ₹31,681 million, up 17% like-to-like. Quarter to Jun 2026 revenue rose 21% to ₹760 crore; EBITDA was ₹56 crore.2526
  • Contract research and manufacturing (CRDMO, Syngene). 22% of segment revenue in the year to Mar 2026: ₹37,387 million, up 3%. Quarter to Jun 2026 revenue fell 16% to ₹736 crore on lower offtake (volumes taken) from a key biologics client.2728

Plants and capacity

  • Generic APIs are made in Bengaluru, Hyderabad and Visakhapatnam, and tablets and capsules in Bengaluru and Cranbury, New Jersey; biosimilars in Bengaluru and Malaysia. Syngene has a biologics plant in Baltimore, US.2930
  • Biocon's annual capacity is 3,500+ kilolitres (KL) of generic API reactor volume, 2.5 billion tablets and capsules and 10+ million injectables, plus 300 KL of biosimilar drug substance (bulk active ingredient) and 100+ million drug product units (finished doses).31
  • In the quarter to Jun 2026, the European Medicines Agency approved a second insulin drug product line in Malaysia, which the company says doubles that capacity, and supplies have started.3233

Customers and partners

  • No single customer accounted for more than 10% of group revenue in the year to Mar 2026.34
  • Syngene has worked with over 400 customers and in the year to Mar 2026 extended its Bristol Myers Squibb partnership through 2035, widening its scope.3536
  • The generics business served over 500 customers in more than 60 countries in the year to Mar 2026.37

Research and development

  • Biocon's R&D spending was 8% of revenue excluding Syngene in the year to Mar 2026; biosimilars made 101 regulatory filings and won 79 approvals, and generics filed 44 formulation dossiers and won 41 approvals.3839
  • In the year to Mar 2026 Biocon disclosed new biosimilar cancer assets: nivolumab, pembrolizumab and a subcutaneous (injected under the skin) form of trastuzumab.40

What the company expects

  • On its earnings call of 6 Aug 2026, the company said it expects biosimilars growth to build through the year to Mar 2027, with an acceleration in the second half.41
  • The company said it expects Syngene's revenue to fall by a single-digit percentage in rupees in the year to Mar 2027, with EBITDA margins back to the mid-20s, and a return to growth from the year to Mar 2028.4243
  • The company said it aims for a new product launch in the US or Europe every year until the end of the decade.44

Recent events

  • The European Medicines Agency's medicines committee recommended approving Pebrilzo, Biocon's biosimilar of the breast cancer drug pertuzumab, the first antibody biosimilar so recommended under its tailored approach (relying more on laboratory evidence). As of 21 Sep 2026, the European Commission's decision was pending.45
  • A consortium of Biocon, Bahiafarma and Bionovis won 100% of the allocation for pertuzumab under Brazil's 10-year Productive Development Partnership (a public programme that moves a medicine's production into Brazil), with exclusive access to the public market, about 70% of Brazil's pertuzumab demand.46
  • The US Food and Drug Administration approved Biocon's generic liraglutide (a copy of the weight-loss drug Saxenda), marking its entry into the US GLP-1 market (a class of diabetes and weight-loss medicines).4748
  • S&P Global Ratings raised its credit rating (an assessment of ability to repay debt) on Biocon Biologics to BB+ from BB, with a stable outlook.49

Last updated

All 49 sources, each with its page
  1. 1. Exchange filing, 21 Sep 2026, page 3
  2. 2. Investor presentation, 6 Aug 2026, page 5
  3. 3. Annual report, 15 Jul 2026, page 427
  4. 4. Annual report, 15 Jul 2026, page 229
  5. 5. Annual report, 15 Jul 2026, page 232
  6. 6. Annual report, 15 Jul 2026, page 233
  7. 7. Annual report, 15 Jul 2026, page 427
  8. 8. Exchange filing, 28 Jan 2026, page 2
  9. 9. Annual report, 15 Jul 2026, page 191
  10. 10. Exchange filing, 29 Jun 2026, page 2
  11. 11. Annual report, 15 Jul 2026, page 191
  12. 12. Annual report, 15 Jul 2026, page 410
  13. 13. Annual report, 15 Jul 2026, page 188
  14. 14. Earnings call, 6 Aug 2026, page 6
  15. 15. Earnings call, 6 Aug 2026, page 6
  16. 16. Annual report, 15 Jul 2026, page 67
  17. 17. Annual report, 15 Jul 2026, page 413
  18. 18. Annual report, 15 Jul 2026, page 6
  19. 19. Annual report, 15 Jul 2026, page 67
  20. 20. Annual report, 15 Jul 2026, page 6
  21. 21. Annual report, 15 Jul 2026, page 32
  22. 22. Annual report, 15 Jul 2026, page 97
  23. 23. Annual report, 15 Jul 2026, page 6
  24. 24. Earnings call, 6 Aug 2026, page 6
  25. 25. Annual report, 15 Jul 2026, page 6
  26. 26. Earnings call, 6 Aug 2026, page 7
  27. 27. Annual report, 15 Jul 2026, page 6
  28. 28. Earnings call, 6 Aug 2026, page 7
  29. 29. Annual report, 15 Jul 2026, page 233
  30. 30. Annual report, 15 Jul 2026, page 80
  31. 31. Annual report, 15 Jul 2026, page 77
  32. 32. Earnings call, 6 Aug 2026, page 6
  33. 33. Investor presentation, 6 Aug 2026, page 9
  34. 34. Annual report, 15 Jul 2026, page 414
  35. 35. Annual report, 15 Jul 2026, page 238
  36. 36. Annual report, 15 Jul 2026, page 16
  37. 37. Annual report, 15 Jul 2026, page 234
  38. 38. Annual report, 15 Jul 2026, page 242
  39. 39. Annual report, 15 Jul 2026, page 97
  40. 40. Annual report, 15 Jul 2026, page 97
  41. 41. Earnings call, 6 Aug 2026, page 6
  42. 42. Earnings call, 6 Aug 2026, page 7
  43. 43. Investor presentation, 6 Aug 2026, page 13
  44. 44. Earnings call, 6 Aug 2026, page 17
  45. 45. Exchange filing, 21 Sep 2026, page 2
  46. 46. Exchange filing, 8 Sep 2026, page 2
  47. 47. Exchange filing, 24 Feb 2026, page 2
  48. 48. Annual report, 15 Jul 2026, page 236
  49. 49. Exchange filing, 28 Jan 2026, page 4

Results

Consolidated; ₹ crore.Biocon quarterly results

Revenue growth, 12 months
+9.8%
Net profit growth, 12 months
+28.6%

Quarter to Jun 2026, against the quarter before

Revenue
₹4,336 Crdown 4.00%
Net profit
₹137 Crdown 31.12%
Net margin
3.2%

Revenue by quarter

₹3,590 CrSep 24₹3,821 CrDec 24₹4,417 CrMar 25₹3,942 CrJun 25₹4,296 CrSep 25₹4,173 CrDec 25₹4,517 CrMar 26₹4,336 CrJun 26
Peak revenue ₹4,517 Cr, quarter to Mar 2026; lowest ₹3,590 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹27 CrSep 24₹81 CrDec 24₹459 CrMar 25₹89 CrJun 25₹133 CrSep 25−₹52 CrDec 25₹199 CrMar 26₹137 CrJun 26
A loss in 1 of the 8 quarters shown
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue3,5903,8214,4173,9424,2964,1734,5174,336
Net profit278145989133−52199137
Net margin0.8%2.1%10.4%2.3%3.1%−1.2%4.4%3.2%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Biosimilars₹10,431 Crup 15.68%60.2%
  • CRDMO₹3,739 Cr21.6%
  • Generics₹3,168 Crup 4.99%18.3%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Biocon PE ratio and valuation

Price to earnings

At or below today's level on 64% of 1,841 trading days over the last 10 years.

LowestHighest
Its median47.16Industry median28.32
Price to book

At or below today's level on 3% of 1,805 trading days since Oct 2018.

LowestHighest
Its median4.49Industry median2.99
Dividend yield

At or below today's level on 48% of 2,473 trading days over the last 10 years.

LowestHighest
Its median0.15%Industry median0.50%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+5.8%−71.8%+274.7%0.1%
3 years+20.6%−14.9%+41.5%0.2%
5 years−2.2%−17.4%+18.0%0.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2023 and Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Biocon shareholding pattern

Shareholding by group

  • Promoters44.68%
  • Foreign institutions8.64%
  • Indian institutions29.30%
  • Individuals and others17.20%
  • Employee trusts0.19%
Holder
KIRAN MAZUMDAR-SHAWPromoter29.73%
GLENTEC INTERNATIONALPromoter14.56%
SERUM INSTITUTE LIFE SCIENCES PRIVATE LIMITEDCompanies3.40%
LICI NEW PENSION PLUS GROWTH FUNDInsurance companies2.62%
RAVI RASENDRA MAZUMDARPromoter0.33%
DEV MAZUMDARPromoter0.06%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.50 pts, Indian institutions +5.92 pts, mutual funds +6.61 pts.

The filing reports 3,21,49,478 of its 1,62,96,94,135 shares locked in.

Mutual fund holdings

217 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 99 of the 131 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 217 funds holding Biocon

Bought for the first time
1
Bought again
2
Added
68
Cut
63
Held unchanged
81
Sold out
5
Fund
SBI Mutual Fund logoSBI Contra FundSBI Mutual Fund4,00,73,9253.29%₹1,483.9 Cr
SBI Mutual Fund logoSBI Large & Midcap FundSBI Mutual Fund2,41,00,0002.20%₹892.4 Cr
Kotak Mahindra Mutual Fund logoKotak Mid Cap FundKotak Mahindra Mutual Fund1,85,62,2501.03%₹687.4 Cr
SBI Mutual Fund logoSBI Midcap FundSBI Mutual Fund1,55,98,5842.48%₹577.6 Cr
SBI Mutual Fund logoSBI Balanced Advantage FundSBI Mutual Fund1,30,21,2051.19%₹482.2 Cr
Kotak Mahindra Mutual Fund logoKotak Large & Mid Cap FundKotak Mahindra Mutual Fund1,30,00,0001.57%₹481.4 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Focused FundICICI Prudential Mutual Fund1,24,62,4502.69%₹461.5 Cr
SBI Mutual Fund logoSBI Multicap FundSBI Mutual Fund1,10,23,3141.74%₹408.2 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Healthcare FundICICI Prudential Mutual Fund98,76,8305.33%₹365.7 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund86,46,2210.38%₹320.2 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Biocon insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade
  • Others: no market trade · 2 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Biocon competitors and peers

Pharmaceuticals, 216 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Biocon in market cap.Healthcare companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Lupin logoLupinLUPIN89,26316.153.98+28.2%+49.5%27.9%28.2%0.92%
Glenmark Pharmaceuticals logoGlenmark PharmaceuticalsGLENMARK63,94435.576.08+32.9%+138.4%18.6%39.8%0.11%
Alkem Laboratories logoAlkem LaboratoriesALKEM60,71528.144.39+13.4%−5.6%16.7%16.5%1.04%
Abbott India logoAbbott IndiaABBOTINDIA54,21833.5811.36+6.3%+11.2%35.9%39.6%2.57%
IPCA Laboratories logoIPCA LaboratoriesIPCALAB50,25438.376.23+10.6%+68.2%17.4%17.6%0.30%
Gland Pharma logoGland PharmaGLAND48,84843.274.72+17.6%+46.5%11.6%12.4%0.68%
Ajanta Pharma logoAjanta PharmaAJANTPHARM41,90636.939.26+20.2%+22.0%27.3%27.2%1.79%
GlaxoSmithKline Pharmaceuticals logoGlaxoSmithKline PharmaceuticalsGLAXO41,88439.2118.47+5.8%+12.4%50.6%56.3%2.31%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Biocon dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.5Mar 170.5Mar 180.5Mar 19Mar 20Mar 210.5Mar 221.5Mar 230.5Mar 240.5Mar 250.5Mar 26
Highest ₹1.50 a share, year to Mar 2023.
Ex-dateTypePer share
3 Jul 2026Final₹0.50
4 Jul 2025Final₹0.50
5 Jul 2024Final₹0.50
7 Jul 2023Final₹1.50
30 Jun 2022Final₹0.50
18 Jul 2019Final₹0.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Biocon announcements

Biocon share price by year

Each calendar year to 2025.Biocon share price history

YearClose at year endChangeHighest closeLowest close
2025393.90+7.8%421.60302.45
2024365.35+46.3%391.20245.75
2023249.65−4.7%276.75198.70
2022261.85−28.2%407.25260.80
2021364.65−21.6%471.75321.30
2020465.40+58.5%483.60252.40
2019293.70−6.6%335.33216.15
2018314.53+17.1%354.20267.40
2017268.65+69.7%270.43148.78
2016158.31+83.3%168.0373.85
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026323.00329.80321.30328.80326.2630,58,45853.1%
23 Oct 2026330.30330.90318.40323.50323.0334,71,31952.6%
22 Oct 2026334.00334.45328.35330.30330.7521,35,93048.4%
21 Oct 2026342.00344.00330.75335.00335.1024,52,26653.4%
19 Oct 2026349.20349.90340.00340.00344.1832,22,41658.3%
16 Oct 2026352.60353.00348.00349.20349.9018,76,29460.3%
15 Oct 2026354.00356.35350.00352.00353.2517,31,77648.6%
14 Oct 2026353.00353.00347.00350.60350.9333,75,38163.5%
13 Oct 2026346.95351.30342.15351.00347.1123,55,25653.2%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
12 Jun 2019Bonus0.5000Holders received 1 bonus share for every 1 held.
15 Jun 2017Bonus0.3333Holders received 2 bonus shares for every 1 held.
11 Sep 2008Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Kiran Mazumdar Shaw
At the end of the quarter to Jun 2026
Managing director and CEO
Shreehas Pradeep Tambe
At the end of the quarter to Jun 2026
NSE symbol
BIOCON
BSE code
532523
ISIN
INE376G01013
Industry
Pharmaceuticals & Biotechnology
CIN
L24234KA1978PLC003417
Corporate identity number, the registrar of companies' code for it
Incorporated
1978
Registered office
20th KM Hosur Road Electronic City, Bengaluru 560100, Karnataka
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments