Novartis India Key Ratios
NSE: NOVARTIND | BSE: 500672
₹1,936.00
As on 30-Sep-2026 13:59IST
Market cap
₹4,837 Cr
Revenue (TTM)
₹371 Cr
P/E Ratio
49.5
P/B Ratio
5.7
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 14.64 | 18.57 | 5.42 | 2.08 | -0.86 |
| EBIT | 70.74 | 29.13 | 8.01 | 31.17 | 40.23 |
| Net Profit | 27.56 | 16.62 | -4.87 | 11.13 | 33.81 |
| EPS | 27.56 | 16.62 | -4.87 | 11.13 | 33.81 |
| Book Value | -- | -- | 4.19 | 1.78 | 2.75 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 23.25 | 17.92 | 26.97 | 26.01 | 25.05 |
| Net Margin
| 23.50 | 18.66 | 23.99 | 23.70 | 25.34 |
| Return on equity
| 12.01 | 9.91 | 12.28 | 11.63 | 13.19 |
| Return on Capital
| 16.61 | 13.19 | -- | 16.34 | 17.15 |
| Return on Assets
| 4.84 | 3.88 | 10.15 | 4.80 | 5.35 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
--
|
16.34
|
17.15
|
16.35
|
15.96
|
|
Peer Median
|
--
|
14.90
|
14.72
|
18.85
|
--
|
ROE
12.28
Higher than Peers by 1.42
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
12.28
|
11.63
|
13.19
|
11.21
|
14.07
|
|
Peer Median
|
10.86
|
12.42
|
11.67
|
14.92
|
--
|
ROA
10.15
Higher than Peers by 3.41
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
10.15
|
4.80
|
5.35
|
4.35
|
5.09
|
|
Peer Median
|
6.74
|
7.49
|
7.86
|
9.06
|
--
|
EBIT Margin
26.97
Higher than Peers by 14.27
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
26.97
|
26.01
|
25.05
|
18.70
|
15.58
|
|
Peer Median
|
12.69
|
15.05
|
15.03
|
14.71
|
--
|
Net Margin
23.99
Higher than Peers by 15.13
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
23.99
|
23.70
|
25.34
|
21.47
|
23.66
|
|
Peer Median
|
8.86
|
8.42
|
9.33
|
8.49
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
0.00
|
25.24
|
26.43
|
23.93
|
26.46
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
5.42
Lower than Peers by 2.72
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
5.42
|
-0.54
|
6.33
|
-11.53
|
-5.28
|
|
Peer Median
|
8.14
|
15.19
|
10.27
|
11.85
|
--
|
EBIT Growth
8.01
Lower than Peers by 9.24
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
8.01
|
3.27
|
42.43
|
6.15
|
245.15
|
|
Peer Median
|
17.24
|
25.49
|
24.15
|
28.00
|
--
|
Net Profit Growth
-4.87
Lower than Peers by 21.73
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
-4.87
|
-7.65
|
18.44
|
-17.58
|
2,878.49
|
|
Peer Median
|
16.85
|
29.16
|
30.29
|
36.51
|
--
|
EPS Growth
-4.87
Lower than Peers by 15.47
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
-4.87
|
-7.65
|
18.44
|
-17.58
|
2,878.48
|
|
Peer Median
|
10.60
|
17.80
|
24.50
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
--
|
4.19
|
5.39
|
-3.98
|
11.79
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.04
|
0.25
|
0.23
|
0.20
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
--
|
--
|
--
|
0.00
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
5.30
Higher than Peers by 3.58
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
5.30
|
2.45
|
2.42
|
2.36
|
2.93
|
|
Peer Median
|
1.72
|
1.81
|
1.79
|
1.96
|
--
|
Quick Ratio
4.93
Higher than Peers by 3.76
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
4.93
|
2.32
|
2.32
|
2.24
|
2.73
|
|
Peer Median
|
1.17
|
1.26
|
1.47
|
1.44
|
--
|
Interest Coverage
112.16
Higher than Peers by 104.29
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
112.16
|
103.90
|
170.38
|
83.44
|
66.93
|
|
Peer Median
|
7.86
|
7.89
|
9.42
|
8.58
|
--
|
Operating Efficiency
Debtors to sales
10.00
Lower than Peers by 15.79
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
10.00
|
10.46
|
11.27
|
12.38
|
9.55
|
|
Peer Median
|
25.79
|
25.37
|
25.82
|
26.12
|
--
|
Asset Turnover
0.38
Lower than Peers by 0.28
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
0.38
|
0.19
|
0.21
|
0.19
|
0.20
|
|
Peer Median
|
0.67
|
0.75
|
0.75
|
0.77
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
--
|
37.37
|
38.18
|
38.62
|
35.62
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
--
|
45.72
|
40.22
|
49.54
|
49.34
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
--
|
97.63
|
101.73
|
110.74
|
119.32
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
--
|
-14.54
|
-23.33
|
-22.58
|
-34.36
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
49.47
Higher than Peers by 1.99
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
49.47
|
25.71
|
19.20
|
29.80
|
13.50
|
|
Peer Median
|
47.49
|
48.16
|
39.70
|
33.48
|
--
|
Price / Book Value
5.69
Higher than Peers by 0.86
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
5.69
|
2.93
|
2.47
|
3.41
|
1.80
|
|
Peer Median
|
4.83
|
5.16
|
3.72
|
4.21
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
--
|
--
|
3.18
|
2.43
|
8.40
|
|
Peer Median
|
0.10
|
0.10
|
0.16
|
0.21
|
--
|
EV/EBITDA
30.07
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
30.07
|
13.01
|
9.67
|
15.30
|
6.81
|
|
Peer Median
|
--
|
34.12
|
30.23
|
29.90
|
--
|
Market Cap
4,837
Lower than Peers by 3,989
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Novartis India
|
4,837
|
2,396
|
1,938
|
2,538
|
1,395
|
|
Peer Median
|
8,826
|
5,774
|
4,851
|
2,099
|
--
|