About
Novartis India Limited is involved in the pharmaceutical business in India. The company offers therapeutic products in the areas of bone and pain products under the Voveran brand; transplantation immunology products under the Simulect, Certican, Sandimmun, Neoral, and Myfortic brands. It also offers neuroscience products under the Tegrital and Exelon brands. Novartis India Limited was incorporated in 1947 and is headquartered in Mumbai, India. As of July 29, 2026, Novartis India Limited operates as a subsidiary of Waverise Investments Limited.
Key Metrics
as of Sep 2026Market Cap4,066 Cr
P/E41.60
Div Yield1.52 %
Book Value₹331.00
52w High₹1,780.00
52w Low₹750.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 104.00 | 91.00 | 86.00 | 90.00 | 88.00 | 84.00 | 93.00 | 87.00 | 92.00 | 81.00 | 85.00 | 79.00 | 91.00 |
| Expenses | 69.00 | 70.00 | 64.00 | 66.00 | 60.00 | 60.00 | 67.00 | 69.00 | 68.00 | 70.00 | 65.00 | 62.00 | 73.00 |
| Operating Profit | 35.00 | 21.00 | 22.00 | 24.00 | 27.00 | 24.00 | 26.00 | 18.00 | 24.00 | 11.00 | 20.00 | 17.00 | 17.00 |
| OPM % | 34.00 | 23.00 | 26.00 | 26.00 | 31.00 | 29.00 | 28.00 | 21.00 | 26.00 | 14.00 | 23.00 | 21.00 | 19.00 |
| Other Income | 9.00 | 10.00 | 9.00 | 9.00 | 11.00 | 11.00 | 11.00 | 10.00 | 10.00 | 10.00 | 22.00 | 17.00 | 12.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 1.00 | 2.00 |
| Interest | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 |
| Profit before tax | 43.00 | 30.00 | 30.00 | 33.00 | 37.00 | 34.00 | 35.00 | 28.00 | 34.00 | 21.00 | 41.00 | 32.00 | 28.00 |
| Tax % | 25.00 | 16.00 | 46.00 | 26.00 | 26.00 | 14.00 | 28.00 | 26.00 | 24.00 | 31.00 | 36.00 | 27.00 | 27.00 |
| Net Profit | 32.00 | 25.00 | 16.00 | 24.00 | 28.00 | 29.00 | 25.00 | 20.00 | 26.00 | 15.00 | 27.00 | 24.00 | 20.00 |
| EPS in Rs | 13.05 | 10.23 | 6.52 | 9.81 | 11.19 | 11.87 | 10.31 | 8.27 | 10.42 | 5.95 | 10.76 | 9.59 | 8.21 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 354.00 | 356.00 | 335.00 | 379.00 | 400.00 | 381.00 | 438.00 | 491.00 | 564.00 | 656.00 | 690.00 | 870.00 |
| Expenses | 260.00 | 265.00 | 270.00 | 314.00 | 373.00 | 355.00 | 426.00 | 478.00 | 570.00 | 631.00 | 656.00 | 874.00 |
| Operating Profit | 94.00 | 91.00 | 65.00 | 65.00 | 27.00 | 27.00 | 12.00 | 12.00 | -6.00 | 25.00 | 34.00 | -4.00 |
| OPM % | 27.00 | 26.00 | 19.00 | 17.00 | 7.00 | 7.00 | 2.80 | 2.50 | -1.10 | 3.80 | 5.00 | -0.40 |
| Other Income | 39.00 | 42.00 | 62.00 | 58.00 | -17.00 | 33.00 | 36.00 | 78.00 | 172.00 | 71.00 | 207.00 | 101.00 |
| Interest | 1.00 | 1.00 | 1.00 | 2.00 | 5.00 | 8.00 | 6.00 | 2.00 | 6.00 | 1.00 | 0.00 | 0.00 |
| Depreciation | 2.00 | 2.00 | 3.00 | 6.00 | 10.00 | 12.00 | 13.00 | 3.00 | 3.00 | 4.00 | 3.00 | 4.00 |
| Profit before tax | 130.00 | 130.00 | 123.00 | 115.00 | -4.00 | 40.00 | 29.00 | 86.00 | 158.00 | 92.00 | 237.00 | 93.00 |
| Tax % | 28.00 | 23.00 | 31.00 | 10.00 | -3.00 | 48.00 | 65.00 | 40.00 | 50.00 | 38.00 | 16.00 | 15.00 |
| Net Profit | 93.00 | 101.00 | 85.00 | 103.00 | -4.00 | 21.00 | 10.00 | 52.00 | 78.00 | 57.00 | 198.00 | 79.00 |
| EPS in Rs | 37.74 | 40.87 | 34.50 | 41.86 | -1.51 | 8.46 | 4.08 | 20.97 | 31.74 | 20.33 | 62.04 | 24.75 |
| Dividend Payout % | 66.00 | 61.00 | 72.00 | 113.00 | -663.00 | 118.00 | 245.00 | 48.00 | 32.00 | 49.00 | 16.00 | 40.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 14.00 | 16.00 | 16.00 |
| Reserves | 805.00 | 773.00 | 732.00 | 763.00 | 679.00 | 699.00 | 708.00 | 747.00 | 721.00 | 906.00 | 1,178.00 | 986.00 |
| Borrowings | 3.00 | 5.00 | 7.00 | 22.00 | 24.00 | 62.00 | 68.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 157.00 | 158.00 | 173.00 | 186.00 | 242.00 | 229.00 | 289.00 | 223.00 | 377.00 | 230.00 | 239.00 | 244.00 |
| Total Liabilities | 978.00 | 948.00 | 925.00 | 983.00 | 958.00 | 1,002.00 | 1,078.00 | 982.00 | 1,111.00 | 1,150.00 | 1,433.00 | 1,246.00 |
| Fixed Assets | 3.00 | 5.00 | 7.00 | 19.00 | 24.00 | 64.00 | 76.00 | 15.00 | 5.00 | 6.00 | 6.00 | 8.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 975.00 | 943.00 | 918.00 | 964.00 | 934.00 | 938.00 | 1,001.00 | 967.00 | 1,106.00 | 1,144.00 | 1,426.00 | 1,238.00 |
| Total Assets | 978.00 | 948.00 | 925.00 | 983.00 | 958.00 | 1,002.00 | 1,078.00 | 982.00 | 1,111.00 | 1,150.00 | 1,433.00 | 1,246.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 47.00 | 75.00 | 113.00 | 45.00 | 39.00 | -69.00 | -23.00 | -194.00 | 161.00 | -41.00 | 57.00 | -60.00 |
| Cash from Investing Activity | 18.00 | -3.00 | 33.00 | -153.00 | 87.00 | 95.00 | 56.00 | 274.00 | 69.00 | 424.00 | -630.00 | 719.00 |
| Cash from Financing Activity | -64.00 | -64.00 | -121.00 | -30.00 | -36.00 | -37.00 | -41.00 | -30.00 | -268.00 | -332.00 | -39.00 | -38.00 |
| Net Cash Flow | 0.00 | 7.00 | 26.00 | -139.00 | 90.00 | -11.00 | -9.00 | 50.00 | -38.00 | 51.00 | -612.00 | 622.00 |
| Free Cash Flow | 46.00 | 75.00 | 113.00 | 45.00 | 38.00 | -69.00 | -24.00 | -208.00 | 160.00 | -44.00 | 54.00 | -64.00 |
| CFO/OP % | 87.00 | 99.00 | 115.00 | 65.00 | 210.00 | -127.00 | 124.00 | -1,210.00 | -3,503.00 | 13.00 | 398.00 | 601.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 38.00 | 41.00 | 45.00 | 35.00 | 41.00 | 37.00 | 31.00 | 34.00 | 28.00 | 23.00 | 27.00 | 35.00 |
| Inventory Days | 98.00 | 74.00 | 82.00 | 99.00 | 117.00 | 119.00 | 117.00 | 111.00 | 84.00 | 104.00 | 92.00 | 103.00 |
| Days Payable | 101.00 | 93.00 | 112.00 | 108.00 | 148.00 | 137.00 | 145.00 | 168.00 | 158.00 | 87.00 | 89.00 | 98.00 |
| Cash Conversion Cycle | 36.00 | 22.00 | 15.00 | 26.00 | 10.00 | 19.00 | 3.00 | -23.00 | -45.00 | 40.00 | 30.00 | 40.00 |
| Working Capital Days | -46.00 | -45.00 | -59.00 | -37.00 | -23.00 | 62.00 | -1.00 | 7.00 | -99.00 | -14.00 | -35.00 | 6.00 |
| ROCE % | 16.00 | 17.00 | 16.00 | 15.00 | 6.00 | 6.00 | 5.00 | 12.00 | 17.00 | 9.00 | 22.00 | 9.00 |
Corporate Actions
26 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 23 Jul 2025 | 23 Jul 2025 | — | 25.00 | |
| Dividend | 23 Jul 2024 | — | — | 25.00 | |
| Dividend | 20 Jul 2023 | — | — | 37.50 | NSE/BSE dividend mismatch: BSE/NSE=10.0; BSE/NSE=37.5 |
| Dividend | 20 Jul 2023 | — | — | 10.00 | NSE/BSE dividend mismatch: BSE/NSE=10.0; BSE/NSE=37.5 |
| Dividend | 20 Jul 2022 | — | — | 10.00 | |
| Dividend | 17 Aug 2021 | — | — | 10.00 | |
| Dividend | 29 Jul 2020 | — | — | 10.00 | |
| Dividend | 31 Jul 2019 | — | — | 10.00 | |
| Dividend | 18 Jul 2018 | — | — | 10.00 | |
| Other | 07 Dec 2017 | 08 Dec 2017 | — | — | Buy Back of Shares |
| Dividend | 19 Jul 2017 | — | — | 10.00 | |
| Dividend | 21 Jul 2016 | 22 Jul 2016 | — | 10.00 | |
| Other | 21 Jul 2016 | 22 Jul 2016 | — | — | Buy Back of Shares |
| Dividend | 14 Jul 2015 | — | — | 10.00 | |
| Dividend | 16 Jul 2014 | — | — | 10.00 | |
| Dividend | 16 Jul 2013 | — | — | 10.00 | |
| Dividend | 18 Jul 2012 | — | — | 10.00 | |
| Dividend | 18 Jul 2011 | — | — | 10.00 | |
| Dividend | 21 Jul 2010 | — | — | 10.00 | |
| Dividend | 08 Jul 2009 | — | — | 10.00 | |
| Dividend | 07 Jul 2008 | — | — | 10.00 | |
| Dividend | 02 Jul 2002 | — | — | 7.50 | |
| Dividend | 08 Oct 2001 | — | — | 7.50 | |
| Dividend | 03 Oct 2001 | — | — | 7.50 | |
| Other | 06 Nov 2000 | 20 Nov 2000 | — | — | Scheme of Arrangement |
| Other | 06 Nov 2000 | 20 Nov 2000 | — | — | Reduction of Capital |