MANKIND
Mankind Pharma Limited
NSE BSELast Traded Price
₹2668.3
85.4 (3.31%)
Open
₹2600
High
₹2705
Low
₹2585.2
Prev Close
₹2582.9
Industry
Pharmaceuticals
Market Cap
110212.82 Cr
Filing History
Recent corporate announcements and filings for MANKIND
Routine
Neutral
2026-11-06 16:06
- Mankind Pharma Limited has informed the stock exchange about the schedule of upcoming meetings with investors or analysts.
- The filing provides routine compliance details regarding the schedule of investor interactions.
Business Update
Neutral
2026-11-06 16:05
Concall Schedule
Concall Date: From November 16, 2026 to November 19, 2026
Concall Time: Not Specified
Business Update
Neutral
2026-11-05 13:47
- Mankind Pharma Limited has been assigned an Environmental, Social, and Governance (ESG) rating of 64.8 for FY26 by SES ESG Research Private Limited.
- The rating was independently assigned based on publicly available information without any engagement from the company.
Business Update
Positive
2026-11-05 13:27
- Mankind Pharma received an independent ESG rating of 64.8 for FY26 from SES ESG Research Private Limited.
- The rating was assigned based on publicly available information without direct company engagement.
Business Update
Neutral
2026-11-03 17:47
Concall Schedule
Concall Date: November 5, 2026
Concall Time: Not specified
Business Update
Neutral
2026-11-03 17:41
- Mankind Pharma Limited announced participation in an Investor Conference hosted by Ashika Stock Services Limited on November 5, 2026, in Mumbai.
- The meeting type will be One-on-One or Group Meeting.
- No unpublished price sensitive information (UPSI) will be discussed during the interaction.
Financials
Positive
2026-10-30 15:22
Q2 FY27 Consolidated Revenue ₹4,338Cr vs ₹3,697Cr (▲17.3% YoY)
EBITDA ₹1,175Cr vs ₹924Cr (▲27.2% YoY)
PAT ₹716Cr vs ₹520Cr (▲37.7% YoY)
EBITDA Margin 27.1% vs 25% (▲210bps)
Business Update
Positive
2026-10-30 15:21
Current scenario
- Q2 FY27 revenue from operations grew 17.3% YoY to ₹4,338 Cr vs ₹3,697 Cr.
- EBITDA for the quarter increased by 27.2% YoY to ₹1,175 Cr with an EBITDA margin of 27.1% (expansion of 210 bps YoY).
- Profit After Tax (PAT) for Q2 FY27 grew 37.7% YoY to ₹716 Cr, with PAT margin improving to 16.5%.
- Domestic business revenue grew 14.8% YoY to ₹3,657 Cr, outperforming IPM with secondary sales growth of 15.7%.
- International business revenue grew 33% YoY to ₹680 Cr, driven by strong performance in Mankind International and BSV's branded specialty.
Changes in trends
- Chronic portfolio share expanded by 80 bps YoY to 37.4%, led by strong outperformance in cardio, anti-diabetes, and chronic respiratory therapies.
- Consumer healthcare business grew moderately at ₹229 Cr, impacted by softer category offtake and regional weakness, though e-commerce channel surged 55%.
Management Guidance & Outlook
- Full-year R&D spend is guided at the upper end of 2.8% to 3% of revenue, accounting for the impact of ACTx.
- Capex as a percentage of revenue is maintained at 6% to 7% for FY27.
- Net debt reduced to ₹2,639 Cr with net debt to adjusted EBITDA at 0.6x, remaining on track to repay acquisition-related debt by FY28.
Financials
Neutral
2026-10-29 20:39
- CRISIL has reaffirmed the credit rating of CRISIL AA+/Stable for Non-Convertible Debentures worth ₹400 crore and ₹2,100 crore.
- CRISIL has withdrawn the credit rating for Non-Convertible Debentures worth ₹2,500 crore and Commercial Paper worth ₹1,500 crore upon company request.
Business Update
Neutral
2026-10-29 20:29
- CRISIL has reaffirmed the credit rating of CRISIL AA+/Stable for Non-Convertible Debentures amounting to ₹400 crore and ₹2,100 crore.
- CRISIL has withdrawn the credit rating for Non-Convertible Debentures of ₹2,500 crore and Commercial Paper of ₹1,500 crore.
Business Update
Positive
2026-10-27 17:19
Investor presentation outlining Mankind Pharma's business evolution, operational scale, R&D capabilities, and strategic growth pillars. Key highlights include achieving ₹14,278 Cr revenue in FY26, expanding chronic segment share towards ~50% by FY30E, scaling in-house manufacturing to ~75%, and driving new product launches in specialty and chronic segments.
Business Update
Positive
2026-10-27 17:15
Mankind Pharma released its investor presentation for October 2026 highlighting long-term revenue growth, market leadership, R&D capabilities, manufacturing expansion, and strategic pillars for future outperformance against the Indian Pharmaceutical Market (IPM).
- FY26 revenue reached ₹14,278 Cr with an 18.1% CAGR over FY21–26, driven by chronic portfolio expansion, BSV acquisition, and in-licensing deals.
- Outlined an eight-pillar growth strategy targeting ~50% chronic share by FY30E, scaling hospital business, and advancing innovative bets like NCEs and biologics.
Business Update
Neutral
2026-10-26 19:55
- Mankind Pharma Ltd has submitted the audio recording link for the Earnings Conference Call held on October 26, 2026, regarding Q2 & H1 FY27 financial results.
- The filing is made in compliance with Regulations 30 and 51 of the SEBI (LODR) Regulations, 2015.
Routine
Neutral
2026-10-26 19:45
- Mankind Pharma Limited has submitted the audio recording link for the Earnings Conference Call held on October 26, 2026, regarding Q2 & H1 FY27 financial results.
- The submission complies with Regulations 30 and 51 of the SEBI (LODR) Regulations, 2015.
Business Update
Positive
2026-10-26 16:35
- Q2 FY27 Revenue grew 17.3% YoY to ₹4,338 Cr.
- EBITDA rose 27.2% YoY to ₹1,175 Cr with margins expanding 210 bps to 27.1%.
- PAT surged 37.7% YoY to ₹716 Cr.
- Net debt reduced to ₹2,639 Cr; announced acquisition of Armed Cell Therapeutics.
Financials
Positive
2026-10-26 15:31
Q2 FY27 Consolidated Revenue ₹4,338 Cr vs ₹3,697 Cr (▲17.3% YoY)
EBITDA ₹1,175 Cr vs ₹924 Cr (▲27.2% YoY)
PAT ₹716 Cr vs ₹520 Cr (▲37.7% YoY)
EBITDA Margin 27.1% vs 25.0% (▲210bps)
Financials
Positive
2026-10-26 15:30
Q2 FY27 Consolidated Revenue ₹4,338Cr vs ₹3,697Cr (▲17.3% YoY)
EBITDA ₹1,175Cr vs ₹924Cr (▲27.2% YoY)
PAT ₹716Cr vs ₹520Cr (▲37.7% YoY)
EBITDA Margin 27.1% vs 25.0% (▲210bps)
Business Update
Positive
2026-10-26 15:30
- Q2 FY27 Revenue from Operations increased 17.3% YoY to ₹4,338 Cr.
- EBITDA grew 27.2% YoY to ₹1,175 Cr with margin expanding 210 bps to 27.1%.
- Profit After Tax jumped 37.7% YoY to ₹716 Cr.
- Exports rose 32.7% YoY; Domestic business grew 14.8% YoY.
- Entered CAR-T therapies via Armed Cell Therapeutics acquisition.
Financials
Neutral
2026-10-26 15:27
Q2 FY27 Standalone Revenue ₹3,145.22 Cr vs ₹2,636.95 Cr (▲19.3% YoY)
EBITDA ₹932.69 Cr vs ₹703.90 Cr (▲32.5% YoY)
PAT ₹581.95 Cr vs ₹459.80 Cr (▲26.6% YoY)
EBITDA Margin 29.7% vs 26.7% (▲296bps)
- Board approved Scheme of Amalgamation of wholly owned subsidiaries Prolijune Lifesciences and Pavi Buildwell into Mankind Pharma.
Financials
Positive
2026-10-26 15:24
Q2 FY27 Consolidated Revenue ₹4,338Cr vs ₹3,697Cr (▲17.3% YoY)
EBITDA ₹1,175Cr vs ₹924Cr (▲27.2% YoY)
PAT ₹716Cr vs ₹520Cr (▲37.7% YoY)
EBITDA Margin 27.1% vs 25.0% (▲210bps)
Financials
Neutral
2026-10-26 15:23
Q2 FY27 Standalone Revenue ₹3,145.22Cr vs ₹2,636.95Cr (▲19.3% YoY)
EBITDA ₹932.69Cr vs ₹703.90Cr (▲32.5% YoY)
PAT ₹581.95Cr vs ₹459.80Cr (▲26.6% YoY)
EBITDA Margin 29.7% vs 26.7% (▲296bps)
- Board approved Scheme of Arrangement for amalgamation of wholly owned subsidiaries Prolijune Lifesciences and Pavi Buildwell into Mankind Pharma Limited.
Financials
Neutral
2026-10-26 15:20
Q2 FY27 Standalone Revenue ₹3,145.22Cr vs ₹2,636.95Cr (▲19.3% YoY)
EBITDA ₹932.69Cr vs ₹703.90Cr (▲32.5% YoY)
PAT ₹581.95Cr vs ₹459.80Cr (▲26.6% YoY)
EBITDA Margin 29.7% vs 26.7% (▲300bps)
Financials
Neutral
2026-10-26 15:18
Q2 FY27 Standalone Revenue ₹3,145.22Cr vs ₹2,636.95Cr (▲19% YoY)
EBITDA ₹932.69Cr vs ₹703.90Cr (▲33% YoY)
PAT ₹581.95Cr vs ₹459.80Cr (▲27% YoY)
EBITDA Margin 29.7% vs 26.7% (▲296bps)
Board approved Scheme of Amalgamation of wholly-owned subsidiaries Prolijune Lifesciences and Pavi Buildwell into Mankind Pharma.
Financials
Positive
2026-10-26 15:18
Q2 FY27 Standalone Revenue ₹3,145Cr vs ₹2,637Cr (▲19% YoY)
EBITDA ₹933Cr vs ₹704Cr (▲33% YoY)
PAT ₹582Cr vs ₹460Cr (▲27% YoY)
EBITDA Margin 30% vs 27% (▲300bps)
- Board approved scheme of amalgamation of wholly-owned subsidiaries Prolijune Lifesciences and Pavi Buildwell into Mankind Pharma.
- Noted scheme of amalgamation of step-down subsidiary Upakarma Ayurveda into Mankind Consumer Products.
Financials
Neutral
2026-10-26 15:17
Q2 FY27 Standalone Revenue ₹3,145Cr vs ₹2,637Cr (▲19% YoY)
EBITDA ₹933Cr vs ₹704Cr (▲33% YoY)
PAT ₹582Cr vs ₹460Cr (▲27% YoY)
EBITDA Margin 30% vs 27% (▲296bps)
Board approved Scheme of Amalgamation of wholly-owned subsidiaries Prolijune Lifesciences and Pavi Buildwell with the Company.
Financials
Positive
2026-10-26 15:13
Q2 FY27 Standalone Revenue ₹3,145.22Cr vs ₹2,636.95Cr (▲19.3% YoY)
EBITDA ₹932.69Cr vs ₹703.90Cr (▲32.5% YoY)
PAT ₹581.95Cr vs ₹459.80Cr (▲26.6% YoY)
EBITDA Margin 29.65% vs 26.69% (▲296bps)
Financials
Positive
2026-10-26 15:09
Q2 FY27 Consolidated Revenue ₹4,338Cr vs ₹3,697Cr (▲17% YoY)
EBITDA ₹1,175Cr vs ₹924Cr (▲27% YoY)
PAT ₹716Cr vs ₹520Cr (▲38% YoY)
EBITDA Margin 27.1% vs 25.0% (▲211bps)
Business Update
Neutral
2026-10-22 18:55
Concall Schedule
Concall Date: October 26, 2026
Concall Time: 05:00 P.M. (IST)
Business Update
Neutral
2026-10-22 18:53
Concall Schedule
Concall Date: October 26, 2026
Concall Time: 05:00 P.M. (IST)
Business Update
Neutral
2026-10-22 16:01
Concall Schedule
Concall Date: October 27, 2026
Concall Time: In-person (Group) in Mumbai
Business Update
Neutral
2026-10-22 15:59
Concall Schedule
Concall Date: October 27, 2026
Concall Time: In-person (Group) in Mumbai
Business Update
Neutral
2026-10-22 15:46
Concall Schedule
Concall Date: October 26, 2026
Concall Time: 05:00 P.M. (IST) (Rescheduled from 06:00 P.M.)
Business Update
Neutral
2026-10-22 15:41
Concall Schedule
Concall Date: October 26, 2026
Concall Time: 05:00 P.M. (IST)
Routine
Positive
2026-10-16 17:04
- Mankind Pharma Ltd has successfully paid the interest and full redemption amount for its Non-Convertible Debentures (NCDs) on October 16, 2026.
- Total interest paid for ISIN INE634S07025 was ₹50.07 crore gross and for ISIN INE634S07033 was ₹99.90 crore gross.
- Full redemption amount of ₹1,250 crore was paid for ISIN INE634S07025 on its maturity date.
Business Update
Positive
2026-10-15 20:46
- Mankind Pharma has been assigned an ESG Rating of '71' for FY26 by NSE Sustainability Ratings and Analytics Limited.
- The rating was independently assigned based on publicly available information without company engagement.
Business Update
Positive
2026-10-15 20:39
- Mankind Pharma has been assigned an ESG rating of '71' for FY26 by NSE Sustainability Ratings and Analytics Limited.
- The rating was independently assigned based on publicly available information without prior engagement by the company.
Business Update
Positive
2026-10-15 19:37
Mankind Pharma board approved an additional investment of up to EUR 45Mn in its wholly-owned subsidiary, Mankind Pharma (Netherlands) B.V., taking the total investment limit to EUR 50Mn.
- The subsidiary will acquire a 70% majority stake in Armed Cell Therapeutics B.V. (ACTx), a Belgium-based biotechnology company, for an investment of EUR 48Mn.
- ACTx focuses on next-generation chimeric antigen receptor T-cell (CAR-T) therapies for cancer, with lead programs targeting non-Hodgkin lymphoma and small cell lung cancer.
- This strategic acquisition marks Mankind Pharma's entry into next-generation CAR-T therapies to build a global innovation-led pharmaceutical business.
Business Update
Positive
2026-10-15 19:36
- Mankind Pharma approved an additional investment of up to EUR 45Mn in its wholly-owned subsidiary, Mankind Pharma (Netherlands) B.V., increasing the aggregate investment limit to EUR 50Mn.
- The funds will be utilized to acquire a 70% majority stake in Armed Cell Therapeutics B.V. (ACTx) for EUR 48Mn through the subsidiary.
- ACTx is a Belgium-incorporated biotechnology company developing next-generation CAR-T cell therapies for cancer, with lead programs targeting non-Hodgkin lymphoma and small cell lung cancer.
- This strategic acquisition marks Mankind Pharma's entry into next-generation CAR-T therapies to build a global innovation-led pharmaceutical business.
Business Update
Positive
2026-10-15 19:31
Mankind Pharma has approved an additional investment of up to EUR 45 million in its subsidiary Mankind Pharma (Netherlands) B.V., bringing the total investment limit to EUR 50 million.
- The funds will be utilized to acquire a 70% majority stake in Armed Cell Therapeutics B.V. (ACTx) for EUR 48 million in installments.
- ACTx is a Belgium-incorporated biotechnology company developing next-generation CAR-T cell therapies for cancer, with lead programs targeting non-Hodgkin lymphoma and small cell lung cancer.
- This acquisition marks Mankind Pharma's strategic entry into next-generation CAR-T therapies as part of its long-term goal to build a global innovation-led pharmaceutical business.
Business Update
Positive
2026-10-15 19:30
Mankind Pharma board approved an additional investment of up to EUR 45 million in Mankind Pharma (Netherlands) B.V., increasing the aggregate limit to EUR 50 million.
- The subsidiary will acquire a 70% majority stake in Armed Cell Therapeutics B.V. (ACTx), a Belgium-incorporated biotechnology company, for EUR 48 million.
- ACTx focuses on next-generation CAR-T cell therapies for cancer, with lead programs in non-Hodgkin lymphoma and small cell lung cancer.
Business Update
Positive
2026-10-15 19:30
Mankind Pharma's board approved an additional investment of up to EUR 45Mn in its wholly-owned subsidiary, Mankind Pharma (Netherlands) B.V., increasing the aggregate limit to EUR 50Mn.
- The subsidiary will invest EUR 48Mn to acquire a 70% majority stake in Armed Cell Therapeutics B.V. (ACTx), a Belgium-based biotechnology company.
- ACTx develops next-generation CAR-T therapies for cancer, with lead programs targeting non-Hodgkin lymphoma and small cell lung cancer.
Business Update
Positive
2026-10-15 19:26
Mankind Pharma approved an additional investment of up to EUR 45Mn in its wholly-owned subsidiary, Mankind Pharma (Netherlands) B.V., increasing the aggregate investment limit to EUR 50Mn.
- The subsidiary will utilize EUR 48Mn to acquire a 70% majority stake in Armed Cell Therapeutics B.V. (ACTx), a Belgium-incorporated biotechnology company.
- ACTx specializes in next-generation CAR-T cell therapies for cancer, with lead programs targeting non-Hodgkin lymphoma and small cell lung cancer.
- This strategic acquisition marks Mankind Pharma's entry into global innovation-led pharmaceutical businesses and next-generation CAR-T therapies.
Business Update
Neutral
2026-10-12 11:47
Concall Schedule
Concall Date: October 26, 2026
Concall Time: 06:00 P.M. (IST)
Business Update
Neutral
2026-10-12 11:46
Concall Schedule
Concall Date: October 26, 2026
Concall Time: 06:00 P.M. (IST)
Governance
Neutral
2026-10-08 17:21
- Board meeting scheduled on Monday, October 26, 2026.
- To consider and approve unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2026.
- Trading window remains closed until October 28, 2026.
Governance
Neutral
2026-09-28 15:55
- S.R. Batliboi & Co. LLP resigned as the Statutory Auditors of Bharat Serums and Vaccines Limited (BSV), a material wholly owned subsidiary of Mankind Pharma Limited, with effect from September 28, 2026.
- The resignation is due to the initiation of voluntary liquidation proceedings of BSV under Section 59 of the Insolvency and Bankruptcy Code, 2016.
- Under the voluntary liquidation regulations, the liquidator is prohibited from engaging any professional who has served as the auditor of the company during the preceding five years.
Governance
Neutral
2026-09-28 15:51
- S.R. Batliboi & Co. LLP resigned as the Statutory Auditors of Bharat Serums and Vaccines Limited (BSV), a material wholly owned subsidiary of Mankind Pharma Limited, effective September 28, 2026.
- The resignation is a consequence of the initiation of voluntary liquidation proceedings for BSV under Section 59 of the Insolvency and Bankruptcy Code, 2016.
- Under the voluntary liquidation regulations, a liquidator is prohibited from engaging any professional who has served as the auditor of the company in the preceding five years.
- The auditors confirmed there are no other material reasons for their resignation.
Routine
Neutral
2026-09-25 13:44
- Trading window for dealing in securities of the Company will be closed effective October 01, 2026.
- Closure will continue until 48 hours after the declaration of financial results for the quarter and half-year ending September 30, 2026.
- Board meeting date will be intimated in due course.
Routine
Neutral
2026-09-25 13:20
- Trading window closure effective from October 01, 2026.
- Closure remains until 48 hours post declaration of Q2/H1 FY27 financial results (ended September 30, 2026).
- Board meeting date to consider results will be intimated in due course.
Governance
Neutral
2026-09-17 19:18
- Mankind Pharma Limited announced the voting results for the appointment of Mr. Anish Vanraj Bafna (DIN: 02925792) as a Non-Executive Independent Director for a term of five years commencing August 10, 2026.
- The special resolution was passed with requisite majority through remote e-voting, with 99.96% of votes cast in favour.
Governance
Positive
2026-09-17 19:15
- Mankind Pharma Limited announced that the special resolution for the appointment of Mr. Anish Vanraj Bafna as a Non-Executive Independent Director for five years was passed with 99.9627% votes in favour through remote e-voting (August 19 to September 17, 2026).
Governance
Neutral
2026-09-17 19:10
- Mankind Pharma Limited announced the voting results for the Postal Ballot and Scrutinizer's Report on September 17, 2026.
- The Special Resolution for the appointment of Mr. Anish Vanraj Bafna as a Non-Executive Independent Director for a term of five years was passed with a requisite majority of 99.96% votes in favor.
Business Update
Positive
2026-09-15 19:56
- Mankind Pharma received an ESG rating of 68.21 from Niche99 ESG Ratings.
- The rating places the company in the "Leader" category for FY 2025-26.
- Niche99 independently prepared the report without the Company's engagement.
Business Update
Positive
2026-09-15 19:52
- Mankind Pharma received an independent 'Leader' ESG rating of 68.21 from Niche99 ESG Ratings for FY 2025-26.
- The rating is based on public disclosures, and the company did not engage Niche99 for the report.
Business Update
Neutral
2026-09-11 14:51
- Investor Conferences Schedule
- 17th Sep'26: Jefferies 5th India Forum (Gurgaon)
- 18th Sep'26: Health care Forum (Mumbai)
- 21st Sep'26: J.P. Morgan India Conference (Mumbai)
Routine
Neutral
2026-09-11 14:43
New Filing detected. See link for details.
Business Update
Neutral
2026-09-07 17:14
- Members of Mankind Pharma's wholly-owned subsidiary, Bharat Serums and Vaccines Limited (BSVL), approved its voluntary liquidation on September 7, 2026.
- The liquidation is subject to approval from BSVL's creditors.
Business Update
Neutral
2026-09-07 17:12
- Mankind Pharma's wholly-owned subsidiary, Bharat Serums and Vaccines Limited (BSVL), received approval from its members on September 7, 2026, for voluntary liquidation.
- This liquidation is subject to approval from BSVL's creditors.
Ownership
Neutral
2026-09-01 18:05
- Mankind Pharma Limited allotted 49,112 equity shares of ₹1/- face value under its Employee Stock Option Plan 2022 on September 1, 2026.
- The paid-up share capital increased from 41,29,95,978 to 41,30,45,090 Equity Shares.
- The exercise price was ₹860.00/- per equity share.
Ownership
Neutral
2026-09-01 18:00
- Mankind Pharma Limited allotted 49,112 equity shares on September 1, 2026, to eligible employees under its ESOP Plan 2022. The shares have a face value of ₹1 each and an exercise price of ₹860.00.
- This allotment increased the paid-up share capital from 41,29,95,978 to 41,30,45,090 equity shares.
Business Update
Neutral
2026-08-31 20:09
- Mankind Pharma Limited completed the sale of its 100% stake in Broadway Hospitality Services Private Limited on August 31, 2026.
- Broadway ceased to be a wholly-owned subsidiary from the effective date.
Business Update
Neutral
2026-08-31 20:08
- Mankind Pharma Limited completed the transfer of its 100% stake in Broadway Hospitality Services Private Limited on August 31, 2026.
- Broadway has ceased to be a wholly-owned subsidiary of the Company.
Governance
Negative
2026-08-30 22:29
CRITICAL RED FLAG DETECTED
- Mr. Bharat Anand completed his second term as an Independent Director of Mankind Pharma Limited. His tenure ceased effective August 30, 2026.
- He also ceased to be a member of the Audit, Nomination and Remuneration, Risk Management, and Corporate Social Responsibility Committees.
Governance
Negative
2026-08-30 22:27
CRITICAL RED FLAG DETECTED
- Mr. Bharat Anand ceased to be an Independent Director of Mankind Pharma Limited due to the completion of his second term, effective August 30, 2026.
- He has also ceased to be a member of the Audit, Nomination and Remuneration, Risk Management, and Corporate Social Responsibility Committees.
Business Update
Positive
2026-08-26 16:46
- Mankind Pharma's Board on August 26, 2026, approved the voluntary liquidation of its 96% direct subsidiary, Bharat Serums and Vaccines Limited (BSVL).
- The business of BSVL will be consolidated with Mankind Pharma on a going concern basis to drive operational efficiency and improved management.
Business Update
Positive
2026-08-26 16:44
- Board approved the voluntary liquidation of Bharat Serums and Vaccines Limited (BSVL), a material wholly-owned subsidiary (96% direct, 4% indirect).
- BSVL's business will be consolidated with Mankind Pharma on a going concern basis.
- The move aims to drive operational efficiency, consolidate business, improve cash management, and rationalize expenses.
Business Update
Positive
2026-08-26 16:41
- Board Meeting on Aug 26, 2026, approved voluntary liquidation of 96% held subsidiary Bharat Serums and Vaccines Limited (BSVL).
- BSVL's business will be integrated into Mankind Pharma for operational efficiency, business consolidation, and improved cash management.
Business Update
Positive
2026-08-26 16:40
- Board approved the initiation of voluntary liquidation process for Bharat Serums and Vaccines Limited (BSVL), a material wholly-owned subsidiary.
- BSVL's business will be consolidated with Mankind Pharma on a going concern basis.
- This strategic move aims to drive operational efficiency, effective resource utilization, improved organizational execution, cash management, and enhanced governance.
- Appian Properties Private Limited, holding 4% of BSVL, will receive cash proportionate to its shareholding.
Business Update
Positive
2026-08-22 14:03
- Mankind Pharma's ESG Rating improved to 64 (Strong category) from 57 (Adequate category) by CRISIL ESG Ratings.
- The Company's Core ESG Rating also improved to 71 from the previous rating of 60.
Business Update
Positive
2026-08-22 14:00
- Mankind Pharma's ESG Rating improved to 64, categorized as "Strong," from the previous rating of 57 ("Adequate").
- The Company's Core ESG Rating also improved to 71 from 60.
- The rating was independently assigned by CRISIL ESG Ratings & Analytics Limited based on FY2026 disclosures.
Business Update
Positive
2026-08-20 13:39
- Mankind Pharma Limited entered an exclusive in-licensing and marketing agreement with Chongqing Chenan Biopharmaceutical Co., Ltd., China.
- The agreement is for the commercialisation of Insulin Degludec and Insulin Degludec + Aspart Combination in India.
- This partnership strengthens Mankind Pharma's presence in the diabetes segment and expands its injectable diabetes portfolio.
Business Update
Positive
2026-08-20 13:37
- Mankind Pharma entered an exclusive in-licensing and marketing agreement with Chongqing Chenan Biopharmaceutical Co., Ltd., China, on August 20, 2026.
- The agreement is for commercialization of Insulin Degludec and Insulin Degludec + Aspart Combination in India.
- This strengthens Mankind's presence in the diabetes segment and expands its injectable portfolio.
Governance
Positive
2026-08-18 15:53
- Mankind Pharma Limited announces a postal ballot for the appointment of Mr. Anish Vanraj Bafna as a Non-Executive Independent Director for a term of five consecutive years.
- E-voting period: August 19, 2026 (9:00 AM IST) to September 17, 2026 (5:00 PM IST).
- Results will be declared on or before September 21, 2026.
- Mr. Bafna brings over 30 years of experience in the healthcare and medical devices sector.
Governance
Neutral
2026-08-18 15:50
- Mankind Pharma Limited issued a Postal Ballot Notice for the appointment of Mr. Anish Vanraj Bafna as a Non-Executive Independent Director for five consecutive years from August 10, 2026.
- The e-voting period is from August 19, 2026 (9:00 AM IST) to September 17, 2026 (5:00 PM IST).
- Results will be declared on or before September 21, 2026.
Ownership
Positive
2026-08-17 23:11
- Mankind Pharma completed realignment of security cover for Non-Convertible Debentures (NCDs).
- This resulted in the release of the pledge on 28,280 equity shares (38.68%) of Bharat Serums and Vaccines Limited (BSVL).
- No shares of BSVL are now pledged for NCDs.
- The revised security cover over tangible/intangible assets is 1.26 times the outstanding NCDs.
Ownership
Positive
2026-08-17 23:08
- Mankind Pharma Limited has completed the realignment of the security cover for its Non-Convertible Debentures (NCDs).
- As a result, 28,280 pledged equity shares of Bharat Serums and Vaccines Limited (BSVL), constituting 38.68% of BSVL's paid-up equity capital, have been released.
- The revised security cover for the NCDs is now 1.26 times the outstanding amount, with no BSVL shares remaining under pledge.
Business Update
Positive
2026-08-13 21:32
- Mankind Pharma Limited incorporated its wholly-owned subsidiary, "Mankind Pharma (Netherlands) B.V.", in the Netherlands on August 13, 2026.
Business Update
Positive
2026-08-13 21:31
- Mankind Pharma Limited announced the incorporation of its wholly-owned subsidiary, "Mankind Pharma (Netherlands) B.V.", in the Netherlands on August 13, 2026.
Governance
Neutral
2026-08-10 16:25
- Board of Directors meeting held on August 10, 2026.
- Approved the appointment of Mr. Anish Vanraj Bafna as a Non-Executive Independent Director, effective August 10, 2026.
- His appointment is for a term of 5 consecutive years, subject to members' approval via postal ballot.
Governance
Positive
2026-08-10 16:23
- The Board of Directors approved the appointment of Mr. Anish Vanraj Bafna as an Additional Director, designated as a Non-Executive Independent Director, effective August 10, 2026. This appointment is for a term of 5 (five) consecutive years, subject to the approval of the members via a Postal Ballot. Mr. Bafna has over 30 years of experience in the healthcare and medical devices sector.
Governance
Positive
2026-08-10 16:18
- The Board of Directors approved the appointment of Mr. Anish Vanraj Bafna as an Additional Director, designated as a Non-Executive Independent Director.
- The appointment is effective from August 10, 2026, for a term of 5 consecutive years, subject to members' approval via Postal Ballot.
- Mr. Bafna has over 30 years of experience in the healthcare and medical devices sector.
Governance
Positive
2026-08-10 16:15
- Board approved the appointment of Mr. Anish Vanraj Bafna as an Additional Non-Executive Independent Director for 5 years, effective August 10, 2026, subject to shareholder approval. Mr. Bafna has over 30 years experience in healthcare.
Governance
Positive
2026-08-10 16:12
- Mankind Pharma Limited appointed Mr. Anish Vanraj Bafna as an Additional Director, designated as a Non-Executive Independent Director, effective August 10, 2026. This appointment is for a term of 5 consecutive years, subject to shareholder approval via Postal Ballot. Mr. Bafna brings over 30 years of experience in the healthcare and medical devices sector.
Business Update
Neutral
2026-08-10 12:44
- Mankind Pharma Limited will participate in investor conferences.
- August 13, 2026: Emkay Confluence and Equirus Annual India Conference '26 in Mumbai.
- August 17, 2026: Motilal Oswal 22nd Annual Global Investor Conference, 2026 in Mumbai.
- No Unpublished Price Sensitive Information (UPSI) will be disclosed.
Business Update
Neutral
2026-08-10 12:40
- Investor Conference Schedule
- August 13, 2026: Emkay Confluence (Mumbai) - One-on-One / Group Meeting
- August 13, 2026: Equirus Annual India Conference '26 (Mumbai) - One-on-One / Group Meeting
- August 17, 2026: Motilal Oswal 22nd Annual Global Investor Conference, 2026 (Mumbai) - One-on-One / Group Meeting
- No unpublished price sensitive information will be disclosed during these meetings.
Governance
Positive
2026-08-06 16:01
- Mankind Pharma Limited's 35th AGM held on August 4, 2026.
- All four resolutions, including adoption of financial statements, re-appointment of directors Mr. Rajeev Juneja and Mr. Satish Kumar Sharma, and ratification of cost auditors' remuneration for FY 2026-27, were approved with requisite majority.
Governance
Neutral
2026-08-04 17:38
- Mankind Pharma Limited's 35th Annual General Meeting (AGM) was held on August 4, 2026, via video conferencing.
- Key items included adopting FY2025-26 financial statements (standalone and consolidated), re-appointing directors, and ratifying cost auditor remuneration.
- Auditors' reports had no qualifications or observations.
Governance
Neutral
2026-08-04 17:35
- The 35th Annual General Meeting (AGM) of Mankind Pharma Limited was held on August 4, 2026, through video conferencing, concluding at 4:56 P.M. (IST).
- Key agenda items included adopting the financial statements for FY 2025-26 and re-appointing Directors and cost auditors.
Business Update
Positive
2026-08-04 13:26
- Maintained FY27 double-digit growth guidance for overall business, with Chronic business expected to perform better and Acute business to recover.
- Maintained FY27 EBITDA margin guidance of 25.5% to 26.5%.
- Gross margin guidance upward of 71% for FY27, taking a conservative approach due to potential commodity price increases and West Asia crisis impacts.
- On track to repay acquisition-related debt by FY28, with net debt to adjusted EBITDA ratio at 0.9x in Q1 FY27.
- Aims to increase chronic portfolio share to 50% in the medium term from the current 40%.
- Consumer Healthcare business expected to achieve high single-digit to double-digit growth from Q2 FY27 onwards.
- BSV business expected to deliver high double-digit growth (high teens) for FY27.
Business Update
Positive
2026-08-04 13:16
- Consolidated Revenue ₹4,031Cr (▲13% YoY)
- EBITDA ₹1,060Cr (EBITDA Margin 26.3%, ▲250bps YoY)
- PAT ₹574Cr (▲29.1% YoY, PAT Margin 14.2%, ▲170bps YoY)
- Gross margins increased to 72.8% (▲230bps YoY)
- Domestic business revenue grew ▲10.5% YoY, driven by Chronic portfolio growth (▲15.8% YoY) and Acute portfolio recovery (▲10.9% YoY).
- International business revenue grew ▲29% YoY.
- Net debt reduced to ₹3,377Cr; on track to repay acquisition-related debt by FY28.
- Maintained FY27 EBITDA guidance of 25.5% to 26.5% and gross margins upward of 71%.
- Expects double-digit growth for the full year FY27, confident of progressively outperforming IPM.
- Launched new division 'Vistar' and partnered for AI-led drug discovery; attrition has significantly dropped and is under control.
Routine
Neutral
2026-07-30 20:33
New Filing detected. See link for details.
Routine
Neutral
2026-07-30 20:32
New Filing detected. See link for details.
Financials
Neutral
2026-07-30 16:03
CRITICAL RED FLAG DETECTED
- Standalone Revenue ₹2,964.05 Cr vs ₹2,569.73 Cr (▲15.34% YoY)
- Standalone EBITDA ₹928.58 Cr vs ₹684.93 Cr (▲35.57% YoY)
- Standalone PAT ₹558.49 Cr vs ₹415.27 Cr (▲34.49% YoY)
- Standalone EBITDA Margin 31.39% vs 26.65% (▲474 bps)
- Company noted pending income tax proceedings for adjustments aggregating to ~₹1,869 Cr, against which appeals have been filed.
Financials
Negative
2026-07-30 16:01
CRITICAL RED FLAG DETECTED
- Standalone Revenue ₹2,964.05Cr vs ₹2,569.73Cr (▲15.34% YoY)
- EBITDA ₹928.58Cr vs ₹684.93Cr (▲35.57% YoY)
- PAT ₹558.49Cr vs ₹415.27Cr (▲34.49% YoY)
- EBITDA Margin 31.32% vs 26.65% (▲467bps)
Financials
Positive
2026-07-30 15:55
- Consolidated Revenue ₹4,031 Cr vs ₹3,570 Cr (▲12.9% YoY)
- EBITDA ₹1,060 Cr vs ₹850 Cr (▲24.7% YoY)
- PAT ₹574 Cr vs ₹445 Cr (▲29.1% YoY)
- EBITDA Margin 26.3% vs 23.8% (▲250bps)
Financials
Positive
2026-07-30 15:55
- Consolidated Revenue ₹4,031Cr vs ₹3,570Cr (▲12.9% YoY)
- EBITDA ₹1,060Cr vs ₹850Cr (▲24.7% YoY)
- PAT ₹574Cr vs ₹445Cr (▲29.1% YoY)
- EBITDA Margin 26.3% vs 23.8% (▲250bps)
Financials
Positive
2026-07-30 15:42
CRITICAL RED FLAG DETECTED
- Standalone Revenue ₹2,964.05 Cr vs ₹2,569.73 Cr (▲15.34% YoY)
- Standalone EBITDA ₹928.58 Cr vs ₹684.93 Cr (▲35.57% YoY)
- Standalone PAT ₹558.49 Cr vs ₹415.27 Cr (▲34.49% YoY)
- Standalone EBITDA Margin 31.39% vs 26.65% (▲474bps)
- Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
- Approved issuance of a corporate guarantee in favour of Bharat Serums and Vaccines Limited (BSV), a wholly owned subsidiary.
- Noted ongoing income tax proceedings initiated against the company for which appeals are pending; management believes its position is tenable.
- Disclosed the acquisition of the Branded Generic Business of BSV (Women's Health Portfolio) for ₹797 Cr, effective November 1, 2025, resulting in restatement of prior year figures.
- Approved the divestment of 100% stake in Broadway Hospitality Services Private Limited for ₹49 Cr and the incorporation of a new subsidiary in Netherlands for R&D.
Financials
Positive
2026-07-30 15:34
CRITICAL RED FLAG DETECTED
- Unaudited Standalone Financial Results for Q1 FY27 (quarter ended June 30, 2026) were approved. Consolidated results table is not provided in this filing.
- Standalone Operating Revenue ₹2,964.05 Cr vs ₹2,569.73 Cr (▲15.34% YoY)
- Standalone EBITDA ₹928.58 Cr vs ₹684.93 Cr (▲35.57% YoY)
- Standalone PAT ₹558.49 Cr vs ₹415.27 Cr (▲34.49% YoY)
- Standalone EBITDA Margin 31.33% vs 26.65% (▲468bps)
- The company's comparative unaudited standalone financial results for Q1 FY26 have been restated due to the acquisition of Bharat Serums and Vaccines Limited (BSV) for ₹797 crores.
- Board approved issuance of a corporate guarantee in favour of Bharat Serums and Vaccines Limited (BSV), a wholly owned subsidiary.
- The company divested 100% stake in Broadway Hospitality Services Private Limited for ₹49 crores.
- **Red Flag**: Income tax proceedings initiated by the Income Tax Department from an earlier search are pending appeal, raising uncertainty.
Financials
Neutral
2026-07-30 15:31
CRITICAL RED FLAG DETECTED
- Consolidated Revenue ₹4,030.59 Cr vs ₹3,570.35 Cr (▲13% YoY)
- EBITDA ₹1,105.13 Cr vs ₹929.82 Cr (▲19% YoY)
- PAT ₹574.09 Cr vs ₹444.62 Cr (▲29% YoY)
- EBITDA Margin 27.4% vs 26.0% (▲138bps)
- Board approved a corporate guarantee of ₹150 Cr for its wholly-owned subsidiary, Bharat Serums and Vaccines Limited (BSV).
- The Company divested its 100% stake in Broadway Hospitality Services Private Limited for ₹49 Cr.
- Auditors highlighted ongoing income tax proceedings from FY23-24 with assessment orders making adjustments of ₹1,908.66 Cr, currently under appeal.
- Exceptional items include an impairment loss of ₹13.44 Cr related to a greenfield project in Hyderabad.
Financials
Positive
2026-07-30 15:24
CRITICAL RED FLAG DETECTED
- Standalone Revenue ₹2,964.05 Cr vs ₹2,569.73 Cr (▲15.3% YoY)
- Standalone EBITDA ₹928.58 Cr vs ₹684.93 Cr (▲35.6% YoY)
- Standalone PAT ₹558.49 Cr vs ₹415.27 Cr (▲34.5% YoY)
- Standalone EBITDA Margin 31.4% vs 26.7% (▲470bps)