Torrent Pharmaceuticals logo

Torrent Pharmaceuticals share price

NSE: TORNTPHARMBSE: 500420Pharmaceuticals & BiotechnologyLarge Cap

Torrent Pharmaceuticals Limited · Face value ₹5 · Listed May 1994 on BSE, Nov 2002 on NSE
Last close ₹4,613.40up ₹33.40 (0.73%)BSE ₹4,635.15

Share price at the NSE close on 30 Oct 2026. Previous close ₹4,580.00.

30 Oct: open ₹4,560.00, high ₹4,672.00, low ₹4,532.00

52-week range of traded prices to 30 Oct 2026
₹3,532.60Low, 6 Nov 2025₹5,250.00High, 3 Aug 2026
Market cap
₹1,75,479 Cr61st largest listed
P/E
82.62
P/B
9.55
Dividend yield
0.82%
ROE
15.8%
ROCE
12.0%
Debt to equity
0.76
Volume, NSE
4,36,645

Torrent Pharmaceuticals share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+28.1%over a year

ResultsDividend20-session average 3,06,738 shares a day, 59.8% delivered

About Torrent Pharmaceuticals

Torrent Pharmaceuticals develops, makes and sells medicines, with a focus on long-term (chronic) conditions such as heart, nervous system, diabetes and digestive disorders.12 It sells branded generics, its own brands of medicines whose patents have expired, in India, its largest market, and in Brazil.13 It also sells generics, copies of medicines supplied after their patents expire, in regulated markets led by the United States and Germany.14

It operates in more than 50 countries, including markets in Asia Pacific, Africa, the Middle East and Latin America.5 Its research and development centre is in Gujarat.6 It sells through wholesale distributors, stockists, retail and e-commerce partners, and to hospitals, clinics and government institutions.7

The business began in 1959 as Trinity Laboratories under its founder, U. N. Mehta.8 It was incorporated in 1972.9 It entered Germany in 2005 by buying Heumann Pharma from the Pfizer group.10 In India it has added brands by buying businesses from Elder Pharmaceuticals and Unichem and by acquiring Curatio Health Care.11

The company belongs to the Torrent Group, which also works in power, gas and electricity distribution, and its holding company is Torrent Investments Limited.1213 Samir Mehta, chairman of the Torrent Group, is its Executive Chairman and a promoter; his son Aman Mehta is Managing Director.1415

Torrent Pharmaceuticals key points

Results

  • Including JB Pharma, consolidated revenue was ₹4,921 crore in the quarter to Jun 2026, up 55%, and operating EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹1,664 crore, up 61%, a margin of 33.8%.16
  • In the year to Mar 2026, consolidated revenue was ₹13,980 crore, up 21% from ₹11,516 crore, and operating EBITDA was ₹4,559 crore against ₹3,721 crore.17
  • Consolidated profit after tax was ₹2,138 crore in the year to Mar 2026, against ₹1,911 crore a year earlier.18
  • Without JB Pharma, the company's revenue grew 17% and its operating EBITDA was ₹1,240 crore, up 20%, in the quarter to Jun 2026; in the year to Mar 2026 they grew 15% and 16%.1920

Market position

  • Combined with JB Pharma, it ranked 5th in the Indian pharmaceutical market in the year to Mar 2026, up from 7th, and 4th by doctors' prescriptions, up from 10th.2122
  • Combined with JB Pharma, it ranked 1st in heart (cardiac) medicines in India in Mar 2026, 3rd in central nervous system (CNS) and gastrointestinal medicines, and 5th in pain management and dermatology.23
  • Its semaglutide brands (a diabetes and weight-loss medicine) held 36% of the Indian market for the oral and injectable forms combined in the quarter to Jun 2026.24
  • In Brazil it ranks 1st among Indian drug makers by value; in Germany, 1st among them and 5th in the generics market, where it held 4.9% in the year to Mar 2026.2526

Revenue mix

  • The branded business made up about 74% of revenue in the year to Mar 2026.27
  • Share of India sales by therapy area (%)2829
    Itemyear to Mar 2026
    Cardiac31
    Gastrointestinal21
    Central nervous system12
    Chronic and sub-chronic therapies (medicines taken over long periods) made up 75% of India sales.

Where revenue comes from

  • The India base business, without JB Pharma, contributed 54% of revenue in the year to Mar 2026.30
  • India revenue excluding JB Pharma was ₹2,157 crore in the quarter to Jun 2026, up 19% against 12% for the Indian market.31
  • US sales were $151 million in the year to Mar 2026, 12th among Indian generic companies there; in the quarter to Jun 2026, US revenue was $44 million, up 23% in constant currency, partly from one-time opportunities, the company said.3233
  • Brazil revenue was BRL 817 million in the year to Mar 2026, up 12% in constant currency; Germany revenue was €29 million in the quarter to Jun 2026, down 9% in constant currency.3435

Plants and capacity

  • Excluding JB Pharma, it has 8 manufacturing units in India, with capacity for 85 MT of active pharmaceutical ingredients (APIs, the active substance in a medicine) and more than 2,500 crore doses, used at 60%.3637
  • Its Dahej and Vizag plants received Establishment Inspection Reports (issued when an inspection is closed) from the US Food and Drug Administration, and all 4 plants supplying the US market comply with its requirements.38

Research and development

  • R&D spending was ₹650 crore in the year to Mar 2026, about 5% of the company's total revenue, with more than 900 scientists at a single R&D centre serving all markets.394041
  • In the US it holds 124 ANDA approvals (abbreviated new drug applications, the licence to sell a generic), including 3 tentative, with 16 pending and 21 products in development.42
  • It received market authorisation from India's drug regulator (CDSCO/DCGI) for brexpiprazole tablets, for nervous system disorders, and for an oral form of semaglutide, for metabolic disorders.43

What the company expects

  • On its earnings call of 30 Jul 2026, the company said double-digit revenue growth for JB Pharma's Indian prescription business should still be possible in the year to Mar 2027.44
  • On its earnings call of 30 Jul 2026, the company said it expects its US business to be profitable in the year to Mar 2027, unlike the previous 5 years.45
  • On its earnings call of 30 Jul 2026, the company said net debt (borrowings less cash) stood at 2.07 times underlying EBITDA of the combined company, and it would not want to exceed about 3 to 3.5 times for any opportunity.4647
  • The company stated in its annual report for the year to Mar 2026 that it aims to pay out 50% of annual consolidated profit after tax, before non-cash acquisition charges, as dividend; that year's dividend was ₹38 a share.48

Recent events

  • On 7 Oct 2026, India Ratings and Research affirmed its credit rating (a measure of ability to repay debt) at IND AA+ and raised the outlook from stable to positive.49
  • J.B. Chemicals & Pharmaceuticals (JB Pharma) merged into the company with effect from 8 Jul 2026, counted from 21 Jan 2026; JB Pharma's shareholders receive 51 company shares for every 100 JB Pharma shares.5051

Last updated

All 51 sources, each with its page
  1. 1. Annual report, 1 Jun 2026, page 7
  2. 2. Annual report, 1 Jun 2026, page 22
  3. 3. Annual report, 1 Jun 2026, page 9
  4. 4. Annual report, 1 Jun 2026, page 54
  5. 5. Annual report, 1 Jun 2026, page 9
  6. 6. Annual report, 1 Jun 2026, page 133
  7. 7. Annual report, 1 Jun 2026, page 85
  8. 8. Annual report, 1 Jun 2026, page 7
  9. 9. Annual report, 1 Jun 2026, page 226
  10. 10. Annual report, 1 Jun 2026, page 13
  11. 11. Annual report, 1 Jun 2026, page 8
  12. 12. Annual report, 1 Jun 2026, page 6
  13. 13. Annual report, 1 Jun 2026, page 60
  14. 14. Annual report, 1 Jun 2026, page 113
  15. 15. Annual report, 1 Jun 2026, page 223
  16. 16. Earnings call, 30 Jul 2026, page 2
  17. 17. Annual report, 1 Jun 2026, page 14
  18. 18. Annual report, 1 Jun 2026, page 14
  19. 19. Earnings call, 30 Jul 2026, page 2
  20. 20. Annual report, 1 Jun 2026, page 55
  21. 21. Annual report, 1 Jun 2026, page 54
  22. 22. Annual report, 1 Jun 2026, page 15
  23. 23. Annual report, 1 Jun 2026, page 10
  24. 24. Earnings call, 30 Jul 2026, page 3
  25. 25. Annual report, 1 Jun 2026, page 80
  26. 26. Annual report, 1 Jun 2026, page 54
  27. 27. Annual report, 1 Jun 2026, page 54
  28. 28. Annual report, 1 Jun 2026, page 79
  29. 29. Annual report, 1 Jun 2026, page 79
  30. 30. Annual report, 1 Jun 2026, page 78
  31. 31. Earnings call, 30 Jul 2026, page 3
  32. 32. Annual report, 1 Jun 2026, page 80
  33. 33. Earnings call, 30 Jul 2026, page 4
  34. 34. Annual report, 1 Jun 2026, page 80
  35. 35. Earnings call, 30 Jul 2026, page 4
  36. 36. Annual report, 1 Jun 2026, page 17
  37. 37. Annual report, 1 Jun 2026, page 26
  38. 38. Annual report, 1 Jun 2026, page 15
  39. 39. Annual report, 1 Jun 2026, page 17
  40. 40. Annual report, 1 Jun 2026, page 81
  41. 41. Annual report, 1 Jun 2026, page 30
  42. 42. Annual report, 1 Jun 2026, page 80
  43. 43. Annual report, 1 Jun 2026, page 32
  44. 44. Earnings call, 30 Jul 2026, page 3
  45. 45. Earnings call, 30 Jul 2026, page 11
  46. 46. Earnings call, 30 Jul 2026, page 2
  47. 47. Earnings call, 30 Jul 2026, page 12
  48. 48. Annual report, 1 Jun 2026, page 55
  49. 49. Exchange filing, 7 Oct 2026, page 1
  50. 50. Earnings call, 30 Jul 2026, page 2
  51. 51. Annual report, 1 Jun 2026, page 60

Results

Consolidated; ₹ crore.Torrent Pharmaceuticals quarterly results

Revenue growth, 12 months
+42.1%
Net profit growth, 12 months
−0.7%

Quarter to Sep 2026, against the quarter before

Revenue
₹4,979 Crup 1.18%
Net profit
₹534 Crdown 5.65%
Net margin
10.7%

Revenue by quarter

₹2,809 CrDec 24₹2,959 CrMar 25₹3,178 CrJun 25₹3,302 CrSep 25₹3,303 CrDec 25₹4,197 CrMar 26₹4,921 CrJun 26₹4,979 CrSep 26
Peak revenue ₹4,979 Cr, quarter to Sep 2026; lowest ₹2,809 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹503 CrDec 24₹498 CrMar 25₹548 CrJun 25₹591 CrSep 25₹635 CrDec 25₹364 CrMar 26₹566 CrJun 26₹534 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue2,8092,9593,1783,3023,3034,1974,9214,979
Net profit503498548591635364566534
Net margin17.9%16.8%17.2%17.9%19.2%8.7%11.5%10.7%
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

In the year to Mar 2026 the company reports one business segment, Generic Formulation Business, which carries all its revenue.

Valuation

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

Price to earnings

At or below today's level on 98% of 2,479 trading days over the last 10 years.

LowestHighest
Its median40.97Industry median27.53
Price to book

At or below today's level on 57% of 1,913 trading days since Nov 2018.

LowestHighest
Its median8.92Industry median2.88
Dividend yield

At or below today's level on 22% of 2,478 trading days over the last 10 years.

LowestHighest
Its median0.98%Industry median0.48%

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+31.6%+13.2%+15.5%0.9%
3 years+41.0%+20.2%+16.5%1.0%
5 years+28.2%+11.6%+13.9%1.1%
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.

Shareholding

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

Shareholding by group

  • Promoters60.78%
  • Foreign institutions17.22%
  • Indian institutions13.46%
  • Individuals and others8.54%
Holder
TORRENT INVESTMENTS LIMITED (FORMERLY KNOWN AS TORRENT INVESTMENTS PRIVATE LIMITED)Promoter60.78%
NPS TRUSTProvident and pension funds2.32%
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 Jul 2026: promoters unchanged, foreign institutions −0.75 pts, Indian institutions +0.59 pts, mutual funds +0.55 pts.

Mutual fund holdings

383 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 148 of the 208 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. 3 more funds filed their first portfolio on record, holding it.All 383 funds holding Torrent Pharmaceuticals

Bought for the first time
12
Bought again
2
Added
131
Cut
77
Held unchanged
158
Sold out
7
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 30 Oct 2025.Torrent Pharmaceuticals insider trading

Bought on the market Sold on the market
  • Others2 purchases, 0 sales₹0.12 CrNo saleNet₹0.12 Cr
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.

Torrent Pharmaceuticals competitors and peers

Pharmaceuticals, 215 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Torrent Pharmaceuticals 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
Sun Pharmaceutical Industries logoSun Pharmaceutical IndustriesSUNPHARMA4,26,53035.265.10+11.4%+16.6%15.5%16.9%0.90%
Divi's Laboratories logoDivi's LaboratoriesDIVISLAB2,59,62888.7615.49+16.3%+26.8%18.4%20.8%0.31%
Laurus Labs logoLaurus LabsLAURUSLABS1,29,97297.0021.45+23.0%+95.9%24.7%21.8%0.08%
Zydus Lifesciences logoZydus LifesciencesZYDUSLIFE1,24,23927.534.58+21.1%−1.3%17.7%15.9%0.08%
Dr. Reddy's Laboratories logoDr. Reddy's LaboratoriesDRREDDY1,12,84940.302.91−3.5%−51.5%7.5%6.0%0.59%
Cipla logoCiplaCIPLA1,11,39738.453.15−0.7%−46.8%8.5%9.7%0.94%
Mankind Pharma logoMankind PharmaMANKIND1,02,96445.795.86+13.3%+28.4%13.7%13.6%0.00%
Aurobindo Pharma logoAurobindo PharmaAUROPHARMA96,74426.062.55+9.1%+9.5%10.5%11.5%0.00%
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.Torrent Pharmaceuticals dividend history

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

7Mar 177Mar 188.5Mar 1916Mar 2018Mar 2113Mar 2222Mar 2328Mar 2432Mar 2538Mar 26
Highest ₹38.00 a share, year to Mar 2026.
Ex-dateTypePer share
29 May 2026Final₹9.00
18 Feb 2026Interim₹29.00
20 Jun 2025Final₹6.00
31 Jan 2025Interim₹26.00
21 Jun 2024Final₹6.00
12 Feb 2024Interim₹22.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Torrent Pharmaceuticals announcements

Torrent Pharmaceuticals share price by year

Each calendar year to 2025.Torrent Pharmaceuticals share price history

YearClose at year endChangeHighest closeLowest close
20253,850.00+14.6%3,850.002,930.30
20243,360.05+45.7%3,557.252,296.30
20232,305.55+48.7%2,305.551,459.85
20221,550.60−5.4%1,694.301,252.20
20211,639.23+17.0%1,639.231,183.38
20201,401.35+51.6%1,505.40886.05
2019924.53+4.4%974.88733.90
2018885.70+24.9%917.45619.35
2017709.28+7.7%776.30582.78
2016658.58−9.3%850.50613.50
₹ 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 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 20264,540.004,610.904,525.304,580.004,573.403,20,05563.1%
28 Oct 20264,597.104,597.104,486.604,557.004,551.062,26,21557.8%
27 Oct 20264,547.904,649.904,547.804,625.004,610.103,19,59065.3%
26 Oct 20264,561.104,626.604,466.804,550.004,544.196,58,32446.2%
23 Oct 20264,637.904,650.704,476.104,524.404,522.193,28,59557.1%
22 Oct 20264,510.604,649.604,500.304,615.304,596.152,07,98448.3%
21 Oct 20264,560.004,572.904,470.404,553.804,519.372,84,39265.3%
19 Oct 20264,551.204,618.704,532.404,558.704,566.032,50,30558.6%
16 Oct 20264,584.104,618.904,550.404,558.904,573.822,11,03662.7%
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
8 Jul 2022Bonus0.5000Holders received 1 bonus share for every 1 held.
23 Jul 2013Bonus0.5000Holders 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 and managing director and CEO
Samir Uttamlal Mehta
At the end of the quarter to Sep 2026
Managing director
Aman Mehta
At the end of the quarter to Sep 2026
NSE symbol
TORNTPHARM
BSE code
500420
ISIN
INE685A01028
Industry
Pharmaceuticals & Biotechnology
CIN
L24230GJ1972PLC002126
Corporate identity number, the registrar of companies' code for it
Incorporated
1972
Registered office
Torrent House, Off Ashram Road, Ahmedabad 380009, Gujarat
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments