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  7. Novartis India Ltd
Financial RatiosPE RatioShareholdingDividendQuarterly ResultsBalance SheetProfit & LossCash Flow

Novartis India Ltd Stock Price Today (NSE: NOVARTIND)

Novartis India Ltd

NOVARTINDPharmaceuticals
₹672.25+₹0.00 (+0.00%)↑
As on 21 Apr 2026, 11:00 am ISTMarket Closed

Fundamental Score

...

Novartis India Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Novartis India Ltd share price today is ₹672.25, up +0.00% on NSE/BSE as of 21 April 2026. Novartis India Ltd (NOVARTIND) is a Small-cap company in the Pharmaceuticals sector with a market capitalisation of ₹2.00K (Cr). The 52-week high for NOVARTIND share price is ₹N/A and the 52-week low is ₹N/A. At a P/E ratio of 18.79x, NOVARTIND is currently trading below its industry average P/E of 31.77x. The company has a Return on Equity (ROE) of 13.18% and a debt-to-equity ratio of 0.01.

Novartis India Ltd Share Price Chart — NSE/BSE Historical Performance

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Institutional Deep-Dive

Bull Run Research Hub

Live Price:₹672.25— Analysis below may reference an earlier price snapshot.

Novartis Share Price: A Financial Stability Analysis

The pharmaceutical industry, a sector inherently characterized by heavy R&D investments and lengthy regulatory approval processes, demands rigorous financial analysis. This report examines the financial stability of Novartis India Ltd, focusing on key metrics and peer comparisons. The current Novartis share price stands at ₹810.95. This analysis forms part of a comprehensive, 80-parameter fundamental audit, verified by Sweta Mishra, and aims to provide an observational perspective on the company's financial health. No investment recommendations are made.

Novartis India Ltd reports a Price-to-Earnings (PE) ratio of 18.79. While PE ratios can offer insight on relative valuation, they should be evaluated contextually. When compared to sector peers like Mankind Pharma Ltd, which may exhibit different growth rates and risk profiles, the PE ratio offers a starting point for comparative analysis. For example, assessments of management quality can play a large part in deciding which company may make better decisions. A deeper investigation into the operational efficiencies and strategic decisions of both Novartis and Mankind Pharma would be needed to determine which company has better management.

A crucial indicator of financial stability is the company's Return on Capital Employed (ROCE), which stands at 17.0% for Novartis India Ltd. ROCE measures how effectively a company is using its capital to generate profits. A higher ROCE generally suggests a stronger competitive advantage and more efficient capital allocation. In Novartis's case, a 17.0% ROCE contributes significantly to building and maintaining its economic moat, signifying the company's ability to generate sustainable profits and defend its market position. Companies such as Smruthi Organics Ltd and Balaxi Pharmaceuticals Ltd operate under a different set of risk and growth potential than Novartis India Ltd and are useful to compare.

In conclusion, evaluating the Novartis share price requires a holistic view encompassing its PE ratio, ROCE, and comparison with sector peers. The 17.0% ROCE appears to contribute positively to the company's financial stability. Further investigation into operational efficiencies, management strategies, and broader industry dynamics is recommended to develop a more complete understanding of the company's long-term financial prospects. This analysis is purely observational and based on publicly available information at the time of writing.

SM
Analysis by Sweta Mishra
SEBI Registered Research Analyst

Novartis India Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
6 Dec 23₹672.25₹672.25₹672.25₹672.250.00 (Cr)
5 Dec 23₹672.25₹672.25₹672.25₹672.250.00 (Cr)
4 Dec 23₹672.25₹672.25₹672.25₹672.250.00 (Cr)
1 Dec 23₹672.25₹672.25₹672.25₹672.250.00 (Cr)
30 Nov 23₹672.25₹672.25₹672.25₹672.250.00 (Cr)
29 Nov 23₹672.25₹672.25₹672.25₹672.250.00 (Cr)
28 Nov 23₹672.25₹672.25₹672.25₹672.250.00 (Cr)
24 Nov 23₹672.25₹672.25₹672.25₹672.250.00 (Cr)
23 Nov 23₹672.25₹672.25₹672.25₹672.250.00 (Cr)
22 Nov 23₹672.25₹672.25₹672.25₹672.250.00 (Cr)

AI Research Briefing

Powered by Gemini · 2026-04-13

Small-cap turnaround play dependent on PE execution after Novartis AG exit; liquidity a concern.

Research Confidence
6.0/10Moderate
OPERATOR-DRIVEN1M: -6.58% | 3M: -10.94% | 6M: -18.19% - Breakdown.P/E 18.79x vs Industry P/E 31.77x - Fairly valued.

⚡WHAT'S HAPPENING NOW (last 2-4 weeks):

No major catalysts found after live search. Novartis India's board is scheduled to meet on May 12, 2026, to approve the audited financial results for Q4FY26. A trading window closure is in effect from April 1, 2026, until 48 hours after the results are announced.

�� CORE STORY (THE REAL GAME):

Novartis India is no longer a play on Novartis's global innovation. It's a play on a PE-led operational turnaround of a generics and OTC portfolio after the parent, Novartis AG, sold its 70.68% stake for ₹1,446 crore. The market is now waiting for the open offer and subsequent strategic changes.

�� WHAT IS DRIVING THE STOCK:

PE Acquisition: ChrysCapital-led consortium acquired a 70.68% stake from Novartis AG for ₹1,446 crore.

Open Offer: A mandatory open offer at ₹860.64 per share to acquire an additional 26% from public shareholders, potentially raising their stake to 96.68%. The total offer size is up to ₹552.50 crore.

⚖️ BULL vs BEAR:

Bull:PE ownership restructures operations, expands product portfolio, and realizes synergies. Open offer provides liquidity to minority shareholders.

Bear:Revenue stagnation, modest declines in recent quarters. Dependence on PE turnaround. Name change required within 120 days of transaction close, losing Novartis brand.

�� WHAT MARKET IS PRICING:

Market is pricing in a successful open offer and subsequent operational improvements under PE ownership. Risk: Turnaround fails to materialize, leading to de-rating.

�� BOTTOM LINE:

NOVARTIND is a small-cap turnaround bet dependent on private equity magic after the parent Novartis AG cashed out. Liquidity is a major risk.

Why Now
  • PE consortium acquired 70.68% stake
  • Mandatory open offer for additional 26% at ₹860.64
  • Board meeting to approve FY26 results on May 12
Potential Catalysts
  • Successful open offer completion
  • Announcement of restructuring plans by PE
  • Q4FY26 earnings beat
Key Risks
  • Small-cap: liquidity risk
  • Dependence on PE turnaround
  • Name change: loss of Novartis brand
Institutional Activity

ChrysCapital-led consortium acquired 70.68% stake; open offer suggests further accumulation.

Macro Context

Indian pharma sector transitioning to value-led innovation in biologics and biosimilars.

Cash Flow Quality

Free Cash Flow 5Y: ₹202.03 Cr - Yes.

3–6 Month Outlook

3-6 month thesis: Monitor open offer success and PE's restructuring plan. Watch for Q4FY26 results and initial signs of operational improvements.

Primary Thesis Risk

PE turnaround fails to materialize, leading to de-rating.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

ROE

13.18%
Good

ROCE

17.00%
Excellent

OPM (5Y)

14.90%
Good

Div Yield

3.08%

Novartis India Ltd Valuation Check

Excellent

P/E Ratio

18.79x
Poor

Industry P/E

31.77x
Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Market Cap

2.00K (Cr)

Shareholding Pattern

Excellent

Promoter

70.68%
Poor

FII

0.19%
Poor

DII

0.53%
Excellent

Pledged

0.00%

Growth Engine

Good

Profit Growth (Q)

18.67%
Poor

Sales Growth (Q)

3.71%
Poor

Sales Growth (5Y)

-4.06%
Excellent

EPS Growth (5Y)

58.46%
Excellent

Profit Growth (5Y)

58.46%

Balance Sheet Health

Excellent

Debt to Equity

0.01x
Excellent

Int. Coverage

202.52x

Free Cash Flow (5Y)

202.03 (Cr)

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Novartis India Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of NOVARTIND across key market metrics for learning purposes.

Positive Indicators

10 factors identified

Excellent ROCE Performance (17.00%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Attractive Valuation (P/E: 18.79 vs Industry: 31.77)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Excellent EPS Growth (58.46% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (58.46% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Conservative Debt Levels (D/E: 0.01)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (202.52x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Strong Cash Generation (₹202.03 Cr over 5Y)

Observation: Healthy free cash flow generation supports growth and returns.

Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.

Balanced Promoter Holding (70.68%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Attractive Dividend Yield (3.08%)

Observation: Healthy dividend yield provides income component to returns.

Analysis: Dividend yield >3% offers income potential while indicating cash flow strength.

Risk Factors

2 factors identified

Limited Growth History (-4.06% CAGR)

Observation: Below-average 5-year sales growth trajectory.

Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.

Limited Institutional Interest (FII+DII: 0.72%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

Peer Comparison - Pharmaceuticals

Compare Novartis India Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Overall score
Valuation
Price metrics
Profitability
Return metrics
Financial Health
Debt management
Growth
5Y performance
Dividend
Yield %
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
Novartis India LtdNovartis India ...Selected✓
NOVARTIND • 500672
61.8/100
₹672.25₹672
₹2002.30₹2002.30
18.79Average
18.8
Average
13.18%Average
13.18%
Average
17.00%Good
17.00%
Good
0.01Excellent
0.0
Excellent
58.46%Excellent
58.46%
Excellent
-4.06%Poor
-4.06%
Poor
3.08%
Sun Pharmaceutical Industries LtdSun Pharmaceuti...
SUNPHARMA • 524715
65.2/100
₹1693.60₹1694
₹433738.68₹433738.68
37.57Average
37.6
Average
16.86%Good
16.86%
Good
0.00%Poor
0.00%
Poor
0.07Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Divis Laboratories LtdDivis Laborator...
DIVISLAB • 532488
67.9/100
₹5856.50₹5857
₹170445.88₹170445.88
68.59Average
68.6
Average
15.35%Good
15.35%
Good
0.00%Poor
0.00%
Poor
0.01Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Torrent Pharmaceuticals LtdTorrent Pharmac...
TORNTPHARM • 500420
65.3/100
₹3987.20₹3987
₹126430.62₹126430.62
58.36Average
58.4
Average
26.52%Excellent
26.52%
Excellent
0.00%Poor
0.00%
Poor
0.33Excellent
0.3
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Dr Reddys Laboratories LtdDr Reddys Labor...
DRREDDY • 500124
59.2/100
₹1217.30₹1217
₹105224.96₹105224.96
18.23Average
18.2
Average
17.96%Good
17.96%
Good
0.00%Poor
0.00%
Poor
0.16Excellent
0.2
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Zydus Lifesciences LtdZydus Lifescien...
ZYDUSLIFE • 532321
68.7/100
₹864.25₹864
₹94253.78₹94253.78
18.74Average
18.7
Average
21.21%Excellent
21.21%
Excellent
0.00%Poor
0.00%
Poor
0.38Excellent
0.4
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Mankind Pharma LtdMankind Pharma ...
MANKIND • 543904
50.6/100
₹1998.50₹1999
₹92012.53₹92012.53
52.62Average
52.6
Average
14.68%Average
14.68%
Average
0.00%Poor
0.00%
Poor
0.55Good
0.6
Good
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Aurobindo Pharma LtdAurobindo Pharm...
AUROPHARMA • 524804
28.8/100
₹1333.70₹1334
₹70798.69₹70798.69
20.69Average
20.7
Average
11.08%Average
11.08%
Average
0.00%Poor
0.00%
Poor
0.22Excellent
0.2
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Alkem Laboratories LtdAlkem Laborator...
ALKEM • 539523
59.5/100
₹5258.00₹5258
₹67075.29₹67075.29
28.54Average
28.5
Average
19.39%Good
19.39%
Good
0.00%Poor
0.00%
Poor
0.18Excellent
0.2
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Abbott India LtdAbbott India Lt...
ABBOTINDIA • 500488
65/100
₹26285.00₹26285
₹63358.16₹63358.16
41.99Average
42.0
Average
35.68%Excellent
35.68%
Excellent
0.00%Poor
0.00%
Poor
0.05Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Laurus Labs LtdLaurus Labs Ltd...
LAURUSLABS • 540222
45.6/100
₹1042.90₹1043
₹55569.57₹55569.57
81.25Average
81.3
Average
7.45%Poor
7.45%
Poor
0.00%Poor
0.00%
Poor
0.46Excellent
0.5
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%

Novartis India Ltd Financial Statements

Comprehensive financial data for Novartis India Ltd including income statement, balance sheet and cash flow

About NOVARTIND (Novartis India Ltd)

Novartis India Ltd is a prominent player in the Indian pharmaceutical landscape, dedicated to advancing healthcare solutions across a spectrum of therapeutic areas. With a strong c...ommitment to innovation and patient well-being, the company develops, manufactures, and markets a diverse portfolio of pharmaceutical products. These offerings address critical medical needs, contributing to improved health outcomes and enhanced quality of life for patients throughout India. Novartis India's unwavering focus on research and development ensures a continuous pipeline of innovative therapies, solidifying its position as a leader in the Indian pharmaceutical industry. The company's product range encompasses vital medications in diverse areas, most notably in bone and pain management with the well-established Voveran brand. Further extending its reach, Novartis India provides essential therapies in transplantation immunology, offering hope and improved outcomes for patients undergoing organ transplantation through brands like Simulect, Certican, Sandimmun, Neoral, and Myfortic. In the field of neuroscience, Novartis India contributes significantly by providing treatments for neurological disorders, with established brands such as Tegrital and Exelon, improving the lives of patients facing neurological challenges. Headquartered in the bustling city of Mumbai, India, Novartis India has a rich heritage dating back to its incorporation in 1947. As a subsidiary of the globally renowned Novartis AG, it leverages the parent company's extensive resources, cutting-edge research, and global network to deliver high-quality pharmaceutical products and services to the Indian market. Novartis India's presence is a testament to its enduring commitment to addressing the evolving healthcare needs of the nation, contributing to the overall health and well-being of the Indian population.

Company Details

Symbol:NOVARTIND
Industry:Pharmaceuticals
Sector:Pharmaceuticals
Website:https://www.novartis.in

Key Leadership

Ms. Shilpa Shashank Joshi
CFO & Whole-Time Director
Mr. Falin Ishwarlal Majmudar
Whole–Time Director & Head External Supply Operations
Ms. Chandni Maru
Company Secretary & Compliance Officer

NOVARTIND Share Price: Frequently Asked Questions

What is the current share price of Novartis India Ltd?

As of 21 Apr 2026, 11:00 am IST, Novartis India Ltd share price is ₹672.25. The Novartis India Ltd stock has a market capitalisation of ₹2.00K (Cr) on NSE/BSE.

Is Novartis India Ltd share price Overvalued or Undervalued?

Novartis India Ltd share price is currently trading at a P/E ratio of 18.79x, compared to the industry average of 31.77x. Based on this relative valuation, the Novartis India Ltd stock appears to be Undervalued against its sector peers.

What is the 52-week high and low of Novartis India Ltd share price?

The 52-week high of Novartis India Ltd share price is ₹N/A and the 52-week low is ₹N/A. These values are updated daily from NSE/BSE price data.

What factors affect the Novartis India Ltd share price?

Key factors influencing Novartis India Ltd share price include quarterly earnings growth (Sales Growth: 3.71%), raw material costs, government spending, and institutional flows (FII/DII holding).

Is Novartis India Ltd a good stock for long-term investment?

Novartis India Ltd shows a 5-year Profit Growth of 58.46% and an ROE of 13.18%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.01 before investing in Novartis India Ltd shares.

How does Novartis India Ltd compare with its industry peers?

Novartis India Ltd competes with major peers in the Pharmaceuticals. Investors should compare Novartis India Ltd share price P/E of 18.79x and ROE of 13.18% against the industry averages to determine competitive standing.

What is the P/E ratio of Novartis India Ltd and what does it mean?

Novartis India Ltd share price has a P/E ratio of 18.79x compared to the industry average of 31.77x. Investors pay ₹19 for every ₹1 of annual earnings.

How is Novartis India Ltd performing according to Bull Run's analysis?

Novartis India Ltd has a Bull Run fundamental score of 61.8/100, indicating moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters.

What sector and industry does Novartis India Ltd belong to?

Novartis India Ltd operates in the Pharmaceuticals industry. This classification helps understand the competitive landscape and sector-specific trends affecting Novartis India Ltd share price.

What is Return on Equity (ROE) and why is it important for NOVARTIND?

NOVARTIND has an ROE of 13.18%, which shows decent profitability but room for improvement. ROE measures how efficiently Novartis India Ltd generates profits from shareholders capital.

How is NOVARTIND debt-to-equity ratio and what does it indicate?

NOVARTIND has a debt-to-equity ratio of 0.01, which indicates conservative financing with low financial risk.

What is NOVARTIND dividend yield and is it a good dividend stock?

NOVARTIND offers a dividend yield of 3.08%, meaning you receive ₹3.08 annual dividend for every ₹100 invested in Novartis India Ltd shares.

How has NOVARTIND share price grown over the past 5 years?

NOVARTIND has achieved 5-year growth rates of: Sales Growth -4.06%, Profit Growth 58.46%, and EPS Growth 58.46%.

What is the promoter holding in NOVARTIND and why does it matter?

Promoters hold 70.68% of NOVARTIND shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Novartis India Ltd.

What is NOVARTIND market capitalisation category?

NOVARTIND has a market capitalisation of ₹2002 crores, placing it in the Small-cap category.

How volatile is NOVARTIND stock?

NOVARTIND has a beta of N/A. A beta > 1 suggests the Novartis India Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.

What is NOVARTIND operating profit margin trend?

NOVARTIND has a 5-year average Operating Profit Margin (OPM) of 14.90%, indicating the company's operational efficiency.

How is NOVARTIND quarterly performance?

Recent quarterly performance shows Novartis India Ltd YoY Sales Growth of 3.71% and YoY Profit Growth of 18.67%.

What is the institutional holding pattern in NOVARTIND?

NOVARTIND has FII holding of 0.19% and DII holding of 0.53%. Significant institutional holding often suggests professional confidence in the Novartis India Ltd stock.

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