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SMS Pharmaceuticals Ltd (SMSPHARMA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532815 NSE: SMSPHARMA Pharmaceuticals & Drugs | Small Cap | SMS Pharmaceuticals Share Price

₹353.80 -2.50 (-0.70%)

As on 04-Jun'26 16:59

SMS Pharmaceuticals Ltd (SMSPHARMA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532815 NSE: SMSPHARMA Pharmaceuticals & Drugs | Small Cap | SMS Pharmaceuticals Share Price

₹353.80 -2.50 (-0.70%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,313 Cr.
Current Price
₹353.8
52-Week Low / High
₹208 / 447
TTM EPS
₹9.4
TTM Sales
₹887 Cr.
Book Value per Share
₹85.9
P/E Ratio
37.82
Higher than its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
4.12
Higher than its 5-year historical median
Price to Sales (P/S)
3.74
Higher than its 5-year historical median
EV/EBITDA
20.26
Higher than its 5-year historical median
Dividend Yield
0.19%
Profitability Efficiency
Return on Equity (ROE)
11.41%
Outperforms industry median
Return on Capital Employed (ROCE)
12.20%
Outperforms industry median
Return on Assets (ROA)
5.97%
Operating Profit Margin
17.9%
Net Profit Margin
8.74%
Gross Profit Margin
15.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.36%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
19.65%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
38.37%
Asset Quality
Promoter Holding
68.07%
Pledged shares (%) of Promoter's holding (%)
17.99%
Reserves
₹795 Cr.
Equity
₹9.4 Cr.
Face Value
₹1
All Time Low / High
₹7.21 / 446.50

SMS Pharmaceuticals stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is SMS Pharmaceuticals Ltd a good quality company?
SMS Pharmaceuticals Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does SMS Pharmaceuticals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of SMS Pharmaceuticals Ltd vs industry peers?
SMS Pharmaceuticals Ltd revenue CAGR is 13.70%, compared to the industry median CAGR of 5.35%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of SMS Pharmaceuticals Ltd?
Promoters hold 68.07% of the SMS Pharmaceuticals Ltd, with 17.99% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of SMS Pharmaceuticals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SMS Pharmaceuticals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16%12.6%17.7%16%12.6%17.1%12.3%3.7%11.3%12.2%-
Value Creation
Index
0.1-0.10.30.1-0.10.2-0.1-0.7-0.2-0.1-

Growth Parameters

Sales 603438463465412563520522709783887
Sales YoY Gr.--27.4%5.6%0.5%-11.4%36.7%-7.7%0.4%35.9%10.4%-
Adj EPS 4.94.24.74.83.77.27.80.25.67.39.4
YoY Gr.--14.6%13.2%2.1%-22.8%92.5%9.2%-98%3400%30.5%-
BVPS (₹) 34.83135.640.243.450.658.358.56474.185.9
Adj Net
Profit
41.335.339.940.831.560.666.21.447.464.888
Cash Flow from Ops. 61.273.531.849.839.790.545.122.550.181.7-
Debt/CF from Ops. 3.324.62.93.82.85.811.35.63.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.9%13.7%14.6%10.4%
Adj EPS 4.6%14.5%-2.2%30.5%
BVPS8.8%11.3%8.3%15.8%
Share Price 14.3% 17.1% 60.2% 41.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1512.714.212.78.915.214.40.38.910.411.7
Op. Profit
Mgn %
14.817.220.219.419.421.522.110.516.517.919.3
Net Profit
Mgn %
6.98.18.68.87.610.812.70.36.78.39.9
Debt to
Equity
0.70.60.50.40.40.60.50.50.50.50.2
Working Cap
Days
131160128152198167215256227234121
Cash Conv.
Cycle
42424367918212315212613753

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales603438463465412563520522709783
Operating Expenses + 514363369375332442405467592643
Manufacturing Costs722935353440586485100
Material Costs385296290293246340275336424436
Employee Cost 38273336394151505770
Other Costs 19121211122120182637
Operating Profit 897593908012111555117140
Operating Profit Margin (%) 14.8%17.1%20.2%19.4%19.4%21.5%22.1%10.5%16.5%17.9%
Other Income + 4123535546
Exceptional Items 0000000000
Interest 17161512121119222419
Depreciation 19192019222232323234
Profit Before Tax 5642606251916966693
Tax 15620211830111725
Profit After Tax 4236404133616844968
PAT Margin (%) 6.9%8.1%8.7%8.9%7.9%10.8%13.1%0.8%7.0%8.7%
Adjusted EPS (₹)4.94.24.84.93.97.28.00.55.87.7
Dividend Payout Ratio (%)4.10%4.80%5.20%5.10%6.50%4.20%3.70%62.20%6.90%5.20%

Valuation of SMS Pharmaceuticals - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 294263301340367428494495542657
Share Capital 8888888889
Reserves 286254293331359420485487533648
Debt +186134130133129218217215236264
Long Term Debt11374716268147150121122139
Short Term Debt7360587161716894114125
Minority Interest0000000000
Trade Payables84673948446573107151114
Others Liabilities 924762709513411497154171
Total Liabilities 6565105325906368468989141,0831,206

Fixed Assets

Net Fixed Assets +370290279281280457438412437533
Gross Block433310318340361559570576631760
Accumulated Depreciation6319395880101132164193227
CWIP 13881842711333035
Investments 21374545454545454545
Inventories11393107136129138251223234285
Trade Receivables612124264910649148236203
Cash Equivalents 1512131510414773642
Others Assets 63495568815358456464
Total Assets 6565105325906368468989141,0831,206

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 61733250409045225082
PBT 5642606251916966693
Adjustment 28323127292850535451
Changes in Working Capital -19-48-26-28-12-58-31-55-43
Tax Paid -22-9-11-13-12-16-15-5-15-20
Cash Flow From Investing Activity + -97-39-17-35-43-152-27-30-52-123
Capex -89-23-9-35-43-152-27-30-52-123
Net Investments -8-16-80-0-0-0-0-0-0
Others 0000000000
Cash Flow From Financing Activity + 44-33-15-13-292-12-323147
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 35-11-2-15188812-34720
Interest Paid -8-12-10-8-6-6-18-21-22-17
Dividend Paid -2-2-2-3-40-3-3-3-3
Others 20-8-112-1110-4254848
Net Cash Flow 9102-5316-39295

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)15.1712.7914.3512.939.2415.3214.760.839.5311.41
ROCE (%)15.9512.6117.6615.9612.5717.0712.263.6711.2512.2
Asset Turnover Ratio1.050.780.960.90.740.820.640.610.770.74
PAT to CFO Conversion(x)1.452.030.81.221.211.480.665.51.021.21
Working Capital Days
Receivable Days34.9033.1016.7018.2030.3046.4050.806591.8094.70
Inventory Days57.6082.5073.3088.60107.5080.20128.10156.70109.10111.80
Payable Days68.9093.2066.7054.2068.305991.7098111.40111

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *19.5119.4019.4019.4019.4037.6032.4934.6517.9917.99
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

SMS Pharmaceuticals Ltd FAQs

The current trading price of SMS Pharmaceuticals on 04-Jun-2026 16:59 is ₹353.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of SMS Pharmaceuticals stood at ₹3,313.4 Cr

The latest P/E ratio of SMS Pharmaceuticals as of 03-Jun-2026 is 37.82.

The latest P/B ratio of SMS Pharmaceuticals as of 03-Jun-2026 is 4.12.

The 52-week high of SMS Pharmaceuticals is ₹446.5 and the 52-week low is ₹208.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SMS Pharmaceuticals is ₹887 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that SMS Pharmaceuticals Ltd is a average quality company.

The key valuation ratios of SMS Pharmaceuticals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SMS Pharmaceuticals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About SMS Pharmaceuticals Ltd

SMS Pharmaceuticals Ltd. is a global player in API manufacturing having strong research and manufacturing team supported by state of art facilities. What started off as a single facility single product manufacturing company in 1990 grew to be a multi location group having product list spreading across an array of therapeutic segments. SMS is currently a listed company having ever appreciating international and domestic customer base. Having six multi product facilities in operation, one under development, and two research centers, SMS has truly graduated in to big league with more than 600 employees working for it.

SMS Pharmaceuticals is an integrated pharma company with business presence in over 70 countries.

SMS is focused on API manufacturing and is the single largest producer of anti ulcer products and is renowned among the clientele for the excellent quality of product and customer service.

The company is diversifying into CRAMS by creating research and manufacturing facilities bettering the requirements of the regulatory markets to appeal to international clientele.

SMS is venturing into highly specialized oncology segment by building first of its kind dedicated oncology API and formulations manufacturing facility in Andhra Pradesh to target the niche market segments.

Merger of Sreenivasa Pharma Private Ltd with SMS Pharmaceuticals Ltd has given a new boost to the company, SMS Pharma has also completed the takeover of Plant Organics.

Recently SMS has established new state of art corporate research center with ultramodern facilities encompassing the whole gamut of research activity viz. from product conception to development, scaling up and DMF preparation. This is supported by well equipped analytical wing and a fully functional pilot plant. This new facility will enhance our existing offerings from a contract research and custom synthesis point of view.

R&D at SMS drives the company’s competitive edge, reflected in the introduction of pioneering products and processes with a superior price-value proposition. Strong R&D has been at the core of SMS growth since its inception. SMS started R&D activities with 4 doctorate scientists supported by 20 senior chemists in a 10000 Sq.ft area.

SMS recently expanded its R&D facilities by creating a state of art corporate research center with infrastructure and expertise to carry out all the activities from product conception to the development, scale up, stability studies culminating in preparation of the DMF.

Product range of the company includes:

  • API and Intermediates
  • Cytotoxic Solid Dose, Sterile Cytotoxic Liquid, and Lyophilized Products
  • Bio Products
  • Inorganic Products
  • Nutraceuticals

Different divisions of the company:

  • Manufacturing :SMS Pharmaceuticals Ltd. is one of the leading pharmaceutical manufacturing companies in India with world-class facilities with a wide range of process equipment fully compliant with WHO GMP standards.SMS has over the years developed tremendous manufacturing facilities to suit its style of operations and to meet the requirements of USFDA and other regulatory markets. A total of 6 facilities are being presently operated and one is under construction.
  • Research and development :R&D at SMS drives the company’s competitive edge, reflected in the introduction of pioneering products and processes with a superior price-value proposition. Strong R&D has been at the core of SMS growth since its inception. SMS started R&D activities with 4 doctorate scientists supported by 20 senior chemists in a 10000 Sq.ft area.SMS recently expanded its R&D facilities by creating a state of art corporate research center with infrastructure and expertise to carry out all the activities from product conception to the development, scale up, stability studies culminating in preparation of the DMF.SMS research team now comprises of about 100 scientists with expertise in process research, analytical research and scale up. A dedicated project management team handles costing, administration, purchase, and project monitoring. R&D capabilities of the company span across reaction technologies, organic compound categories, and novel catalytic systems. This center is capable of delivering top notch contract research modules to international clientele.

Achievements/ recognition :

  • SMS was given the export house status in the year 1997-98.
  • Awarded the Prestigious ' Pandit Jawaharlal Nehru Silver Rolling Trophy' for the best productivity effort in the state.
  • Became the single largest producer of Ranitidine Hydrochloride in the World.
  • One of the leading export houses exporting to more than 70 countries worldwide.
  • WHO-GMP approved API manufacturing facilities in India (2 more to be operational soon).
  • Achieved ISO 9001 certification for Units at Khazipally and Bollaram.
  • Awarded the prestigious US GCNC Green chemistry award.
  • Successfull FDA audits in 2004 and 2008 at our Bachupally unit.
  • Proven expertise in low cost process routes, commercialization & manufacturing.
  • Over 21 process patents and 72 regulatory filings.
  • Successful execution of contract research and manufacturing assignments.
  • CRISIL renews SMS Pharma's SME 1 rating for FY 09-10.
  • Recieved 'Best Industrial Productivity Effort in the State' silver rolling trophy.

Future plan:

SMS is building an ultra modern API manufacturing facility near Vizag on the eastern coast of India to cater to in house production needs and also for the emerging contract manufacturing business.

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