87  Total SME IPOs listed in 2025

3,963.65 Crs.  Total funds raised in 2025

60  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

87  Total SME IPOs listed in 2025

3963.65 Crs.  Total funds raised in 2025

60  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

87  Total SME IPOs listed in 2025

3963.65 Crs.  Total funds raised in 2025

60  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

87  Total SME IPOs listed in 2025

3963.65 Crs.  Total funds raised in 2025

60  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

Emcure Pharmaceuticals Limited IPO Analysis

Emcure Pharmaceuticals IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 1952.03 Cr. The company is based in Pune and caters to Pharmaceutical sector. Axis Capital , J.P. Morgan India , Jefferies India , Kotak Mahindra Capital Company are the merchant bankers of Emcure Pharmaceuticals IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 16th December 2023.

Emcure Pharmaceuticals IPO posted revenues of ₹ 6715.24 crores and PAT of ₹ 527.58 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 6,658.25 Cr.
            EBITDA: ₹ 1,276.78 Cr.
            PAT: ₹ 527.58 Cr.
  • EBITDA Margin: 19.18 %
            Pat Margin: 7.92 %
  • Net Worth: ₹ 3121.77 Cr.
  • Market Capitalisation: ₹ 19029.89 Cr.
  • P/E: 36.07 times
  • P/BV: 3.75 times
  • EV/EBITDA: 16.41 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Emcure Pharmaceuticals IPO Financial Performance (Restated)

Financial results of Emcure Pharmaceuticals IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY24 FY23 FY22
Balance Sheet
Assets 7806.16 6672.53 6063.47
Net Worth 3121.77 2649.66 2114.14
Total Debt 2087.31 2194.93 2083.63
Profit & Loss
Revenue
Revenue on annualised basis
6658.25 5985.81 5855.39
EBITDA
EBITDA on annualised basis
1276.78 1220.94 1393.38
PAT
PAT on annualised basis
527.58 561.85 702.56
Financials
FY24
FY23
FY22
Balance Sheet
Assets
7806.16
6672.53
6063.47

Net Worth
3121.77
2649.66
2114.14

Total Debt
2087.31
2194.93
2083.63

Profit & Loss
Revenue
Revenue on annualised basis
6658.25
6,658.25
5985.81
5855.39

EBITDA
EBITDA on annualised basis
1276.78
1,276.78
1220.94
1393.38

PAT
PAT on annualised basis
527.58
527.58
561.85
702.56

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Emcure Pharmaceuticals IPO Key performance Indicators (KPI)

Emcure Pharmaceuticals IPO PAT Margin is 7.92 % , ROCE (Return on Capital Employed) is 19.37 % as per latest financial. The below table shows Emcure Pharmaceuticals IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY24 FY23 FY22
EBITDA Margin (%) 19.18 20.40 23.80
PAT Margin (%) 7.92 9.39 12.00
EPS (₹) 27.54 29.42 27.54
ROE (%) 16.90 21.20 33.23
ROCE (%) 19.37 22.01 29.69
ROA (%) 6.76 8.42 11.59
Debt to Equity 0.67 0.83 0.99
Particulars
FY24
FY23
FY22

EBITDA Margin (%)
19.18
20.40
23.80

PAT Margin (%)
7.92
9.39
12.00

EPS (₹)
27.54
29.42
27.54

ROE (%)
16.90
21.20
33.23

ROCE (%)
19.37
22.01
29.69

ROA (%)
6.76
8.42
11.59

Debt to Equity (x)  
0.67
0.83
0.99

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Emcure Pharmaceuticals IPO Valuation Metrics

The market Capitalisation of Emcure Pharmaceuticals IPO is ₹ 19029.89 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
19029.89

Enterprise Value (EV) (₹ Cr.):
20,948.20

EV/EBITDA (times) :
16.41

PE Multiple (times) :
36.07

P/B (times) :
3.75

NAV (₹) :
163.22

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Emcure Pharmaceuticals prospectus?

The Emcure Pharmaceuticals IPO prospectus highlights an Return on Equity (ROE) of 16.90 % , Return on Assets (ROA) of 6.76 %, and an EBITDA Margin of 19.18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Emcure Pharmaceuticals IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Emcure Pharmaceuticals IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Emcure Pharmaceuticals IPO ?

The post-IPO market capitalisation of Emcure Pharmaceuticals IPO is ₹ 19029.89 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Emcure Pharmaceuticals IPO?

The Emcure Pharmaceuticals IPO has a Price-to-Earnings (PE) ratio of 36.07 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Emcure Pharmaceuticals IPO?

Emcure Pharmaceuticals IPO reported revenue of ₹ 6715.24 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Emcure Pharmaceuticals IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Emcure Pharmaceuticals IPO?

Emcure Pharmaceuticals recorded an EBITDA of ₹ 1,276.78 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Emcure Pharmaceuticals IPO?

Emcure Pharmaceuticals Profit After Tax (PAT) is ₹ 527.58 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 6,658.25 Cr.
            EBITDA: ₹ 1,276.78 Cr.
            PAT: ₹ 527.58 Cr.
  • EBITDA Margin: 19.18 %
            Pat Margin: 7.92 %
  • Net Worth: ₹ 3121.77 Cr.
  • Market Capitalisation: ₹ 19029.89 Cr.
  • P/E: 36.07 times
  • P/BV: 3.75 times
  • EV/EBITDA: 16.41 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Emcure Pharmaceuticals operates in Pharmaceutical and Broad Range Of Pharma. The Issue is listed on BSE,NSE in Jul, 2024. Emcure Pharmaceuticals IPO size was 1952.03 with Issue price of 1008.00 .

Merchant Banker(s) of Emcure Pharmaceuticals IPO: Axis Capital Limited , J.P. Morgan India Private Limited , Jefferies India Private Limited , Kotak Mahindra Capital Company Limited

Emcure Pharmaceuticals IPO subscription was 67.87 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Emcure Pharmaceuticals IPO listed at a listing price of 1358.85 against the offer price of 1008.00.

The current market price of Emcure Pharmaceuticals is 1318.40.

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