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Procter & Gamble Health Ltd (PGHL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500126 NSE: PGHL Pharmaceuticals & Drugs | Small Cap | Procter&Gamble Healt Share Price

₹6,200.10 87.05 (1.42%)

As on 04-Jun'26 16:59

Procter & Gamble Health Ltd (PGHL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500126 NSE: PGHL Pharmaceuticals & Drugs | Small Cap | Procter&Gamble Healt Share Price

₹6,200.10 87.05 (1.42%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹10,292 Cr.
Current Price
₹6,200.1
52-Week Low / High
₹4,700 / 6,701
TTM EPS
₹196.9
TTM Sales
₹1,408 Cr.
Book Value per Share
₹316
P/E Ratio
31.48
Lower than its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
19.62
Higher than its 5-year historical median
Price to Sales (P/S)
7.31
In line with its 5-year historical median
EV/EBITDA
21.32
Lower than its 5-year historical median
Dividend Yield
2.43%
Profitability Efficiency
Return on Equity (ROE)
44.15%
Outperforms industry median
Return on Capital Employed (ROCE)
58.05%
Outperforms industry median
Return on Assets (ROA)
30.85%
Operating Profit Margin
34.1%
Net Profit Margin
25.09%
Gross Profit Margin
31.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.19%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
4.05%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
16.63%
Asset Quality
Promoter Holding
51.82%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹508 Cr.
Equity
₹16.6 Cr.
Face Value
₹10
All Time Low / High
₹114.00 / 7499.95

Procter & Gamble Health stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Procter & Gamble Health Ltd a good quality company?
Procter & Gamble Health Ltd is a good quality company, based on a consistently good 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 Procter & Gamble Health Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Procter & Gamble Health Ltd vs industry peers?
Procter & Gamble Health Ltd revenue CAGR is 4.31%, compared to the industry median CAGR of 5.35%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Procter & Gamble Health Ltd?
Promoters hold 51.82% of the Procter & Gamble Health Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Procter & Gamble Health Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 22.7% 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.
Procter & Gamble Health Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Dec'16Dec'17Dec'18Jun'20Jun'21Jun'22Jun'23Mar'24Jun'24Mar'25TTM
ROCE % 18.4%14.2%13.9%29%29.1%38.5%46.1%0%42.5%58.1%-
Value Creation
Index
0.30.00.01.21.21.92.4NA2.23.3-

Growth Parameters

Sales 9936988499041,0091,1141,2301,1511,1511,2461,408
Sales YoY Gr.--29.7%21.6%6.5%11.6%10.5%10.3%-6.4%0%8.2%-
Adj EPS 46.628.858.1102.2107.1116.5137.8129.7129.7188.5196.9
YoY Gr.--38.3%102.1%75.9%4.8%8.8%18.3%-5.9%0%45.3%-
BVPS (₹) 399.9441.7927.8363.2421.6367447.6319.1319.1427.4316
Adj Net
Profit
77.447.896.5170178193229215215313327
Cash Flow from Ops. 10753.7-130157247170236228228225-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.6%4.3%0.4%8.2%
Adj EPS 16.8%12%11%45.3%
BVPS0.7%0.3%-1.5%33.9%
Share Price 24% 1.3% 5.3% 11.2%

Key Financial Parameters

Dec'16Dec'17Dec'18Jun'20Jun'21Jun'22Jun'23Mar'24Jun'24Mar'25TTM
Return on
Equity %
12.36.88.520.822.129.333.533.433.443.653
Op. Profit
Mgn %
11.710.11723.424.524.126.426.626.634.132.4
Net Profit
Mgn %
7.86.811.418.817.617.418.618.718.725.123.2
Debt to
Equity
00000000000
Working Cap
Days
36650048634649143842329029014678
Cash Conv.
Cycle
66884912-3-22-31-33-33-3647

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'15Dec'16Dec'17Dec'18Jun'20Jun'21Jun'22Jun'23Jun'24Mar'25
Sales9409936988491,3561,0091,1141,2301,151934
Operating Expenses + 8568776287051,042763847905845616
Manufacturing Costs8673818514013914713912287
Material Costs437412237269431312340362331263
Employee Cost 123154110131183154168206215142
Other Costs 210238200220287158193198178124
Operating Profit 8311671144314246268325306318
Operating Profit Margin (%) 8.9%11.6%10.1%17.0%23.2%24.4%24.0%26.4%26.6%34.1%
Other Income + 23243028701813181610
Exceptional Items 001770000-200
Interest 0000010110
Depreciation 23251921293027282717
Profit Before Tax 8311599158355233253314273312
Tax 303638561015661857277
Profit After Tax 547961102254177193229201234
PAT Margin (%) 5.7%8.0%8.7%12.0%18.7%17.5%17.3%18.7%17.5%25.1%
Adjusted EPS (₹)32.347.736.861.3153.1106.5116.0138.2121.1141.2
Dividend Payout Ratio (%)23.20%23.10%40.80%717.90%150.30%122.10%45.30%68.70%214.80%88.50%

Valuation of Procter&Gamble Healt - 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.)
PARTICULARSDec'15Dec'16Dec'17Dec'18Jun'20Jun'21Jun'22Jun'23Jun'24Mar'25

Equity and Liabilities

Shareholders Fund + 5926647331,540904700609743530532
Share Capital 17171717171717171717
Reserves 5756477171,524888683593726513515
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables66758391124179172237167172
Others Liabilities 8686246999511,0841,0991,1571,2536455
Total Liabilities 1,5251,3631,5162,5832,1121,9781,9382,233761759

Fixed Assets

Net Fixed Assets +13211914012498101110142127112
Gross Block271144192186200215241263223222
Accumulated Depreciation14025516110211413112197110
CWIP 73091721394132611
Investments 4228700000000
Inventories167164158113134118115135109109
Trade Receivables1271071236695608311685145
Cash Equivalents 1882792781,243639469325440244189
Others Assets 8636367381,0181,1241,1911,2641,368189193
Total Assets 1,5251,3631,5162,5832,1121,9781,9382,233761759

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'15Dec'16Dec'17Dec'18Jun'20Jun'21Jun'22Jun'23Jun'24Mar'25
Cash Flow From Operating Activity + 8310754-130235247170236228169
PBT 831151521,138355233253314273312
Adjustment 16158-914-124127415212
Changes in Working Capital 1630-47-50-641-47-30-12-74
Tax Paid -32-53-60-304-102-68-64-90-85-81
Cash Flow From Investing Activity + -68-75-481,270165-32-26-22-710
Capex -45-32-10-19-23-51-38-38-22-1
Net Investments -39-59-5721412400000
Others 1616201,075641912161510
Cash Flow From Financing Activity + -12-15-22-30-883-387-289-98-418-235
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -10-12-18-25-733-382-284-94-415-232
Others -2-3-4-5-150-5-5-5-3-2
Net Cash Flow 417-161,109-483-172-145116-197-56

Financial Ratio

PARTICULARSDec'15Dec'16Dec'17Dec'18Jun'20Jun'21Jun'22Jun'23Jun'24Mar'25
Ratios
ROE (%)9.3512.618.748.9520.7922.0429.4133.9431.5844.15
ROCE (%)14.5418.3514.1613.929.0129.0838.4546.0742.5258.05
Asset Turnover Ratio0.710.710.490.410.580.490.60.640.841.35
PAT to CFO Conversion(x)1.541.350.89-1.270.931.40.881.031.130.72
Working Capital Days
Receivable Days43.3041.4058.9040.6021.7028.1022.2027.4029.1040.90
Inventory Days64.5058.6082.5058.3033.3045.7036.2034.4035.4038.80
Payable Days44.7061.20118.30116.2091177.10188.50206.40223.10235.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Procter & Gamble Health Ltd FAQs

The current trading price of Procter&Gamble Healt on 04-Jun-2026 16:59 is ₹6,200.1.

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 Procter&Gamble Healt stood at ₹10,291.8 Cr

The latest P/E ratio of Procter&Gamble Healt as of 03-Jun-2026 is 31.48.

The latest P/B ratio of Procter&Gamble Healt as of 03-Jun-2026 is 19.62.

The 52-week high of Procter&Gamble Healt is ₹6,701.4 and the 52-week low is ₹4,699.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Procter&Gamble Healt is ₹1,408 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Procter & Gamble Health Ltd is a good quality company.

The key valuation ratios of Procter & Gamble Health 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 Strong which suggest that the price of Procter & Gamble Health Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Procter & Gamble Health Ltd

Procter & Gamble Health Limited (formerly Merck Limited) was set up in India as one of Merck’s Asian subsidiaries in 1967.  It was also the first Merck Group Company to go public in the year 1981.  Till 2018, the Company was operating in all businesses included in the pharmaceuticals and chemicals businesses in the country.

On December 1st, 2018, P&G successfully completed the acquisition of Merck’s Consumer Health business further to approval of all relevant regulatory authorities and the fulfilment of other customary closing conditions. Procter & Gamble Overseas India B.V. now holds 51.81% of the share capital in Merck Limited, while the remaining 48.19% is traded on the Bombay Stock Exchange Ltd. and National Stock Exchange of India Ltd.

Currently, Procter & Gamble Health Limited (formerly Merck Limited) is one of India’s largest VMS Companies manufacturing and marketing over-the-counter products, vitamins, minerals, and supplements products for a healthy lifestyle and improved quality of life. Its trusted products are household names in India protecting and supporting millions of people at every stage of life. With a strong portfolio of brands backed by science and trusted by doctors, pharmacists and consumers, Procter & Gamble Health Limited combines the best of P&G and Legacy Merck’s Consumer Health capabilities and cultures. Together we are working towards leveraging our combined expertise to develop categories and brands that meet today’s needs and tomorrow’s opportunities.

Situated at Usgaon, Goa, the company’s Manufacturing Site has grown from a small Vitamin E producing unit to a big composite plant manufacturing pharma and chemical products.

Business area of the company

Till 2018, the Company was operating in all businesses included in the pharmaceuticals and chemicals businesses in the country. The company is one of India’s largest VMS Companies manufacturing and marketing over-the-counter products, vitamins, minerals, and supplements products for a healthy lifestyle and improved quality of life. Its trusted products are household names in India protecting and supporting millions of people at every stage of life.

Brands of the company

  • Neurobion
  • Evion
  • Seven Seas
  • Nasivion
  • Polybion
  • Livogen

Awards and achievements

  • 2015-16: Merck Goa plant was awarded 1st prize in safety called “Gomant Sarvochcha Suraksha Puraskar”. This is consecutive 2nd time Merck Goa plant bagged 1st prize in safety. Prior to that Merck Goa plant bagged 2nd prize in safety “Gomant Uchcha Suraksha Puraskar” for two consecutive years.
  • 2016-17: Consumer activation done for Neurobion under ‘True Heroes’ campaign won laurels at the Global level to receive President’s Award in 2017.
  • 2017-18: Nasivion continued to be the Doctors’ trusted No. 1 Nasal Decongestant.
  • 2019-20: Neurobion bagged three awards viz. Nicholas Hall Marketing Excellence Award; CIMS Trusted Brand of the Year; and ABP News Brand Excellence Award.
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