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Investor Presentation

Bharat Parenterals Investor Presentation: Key Takeaways

Q1 FY27 consolidated revenue fell 19% YoY to ₹93.7 Cr due to standalone institutional order base effects. Gross margins expanded 1,000bps to 50.6%, though consolidated PAT remained negative at ₹(3.6) Cr.

Guidance and delivery
Management target Revenue 25.0% FY27-29
Highlights
Revenue growthConsolidated -19.2% YoY; Innoxel +165%; VHPL +52%.
MarginsGross margins up 1,000 bps; EBITDA margin currently 9.1%.
Order book₹171 Cr (Tenders ₹119 Cr, Exports ₹33 Cr, Intl ₹20 Cr).
Demand visibilityStrong order book of ₹171 Cr for standalone BPL.
Management confidenceHigh on subsidiary scaling and margin normalization.

Growth

Subsidiaries Innoxel (+165% YoY) and Varenyam Healthcare (+52% YoY) drove growth, now contributing 46% of gross revenue.

Outlook

Management guides Innoxel revenue of ₹70-90 Cr for FY27 and EBITDA break-even; targeting US/EU CDMO scaling.

Risks

Consolidated EBITDA decline driven by increased operating expenses and Innoxel's ₹(10.4) Cr loss pre-breakeven.

Source

Investor Presentation filed with BSE, BSE: 541096. Summary written with AI assistance from the document.

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Bharat Parenterals Ltd: key numbers

Share price
₹1,895.10
Market cap
₹1,306 Cr
Revenue (annual)
₹345.4 Cr
Net profit (annual)
₹-8.19 Cr
P/E (TTM)
-84.8×Sector 50.4×
Promoter holding
67.20%+0.03% QoQ
FII holding
0.11%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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