Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹20,923Cr
Rev Gr TTM
Revenue Growth TTM
34.49%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

ASTRAZEN
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 22.7 | 27.2 | 31.7 | 22.4 | 34.6 | 31.1 | 31.2 | 44.0 | 25.4 | 35.8 | 37.0 | 38.9 |
| 225 | 228 | 258 | 291 | 334 | 349 | 355 | 363 | 394 | 445 | 484 | 567 |
Operating Profit Operating ProfitCr |
| 21.0 | 22.8 | 17.0 | 4.9 | 12.9 | 9.8 | 12.9 | 17.5 | 18.0 | 15.4 | 13.4 | 7.3 |
Other Income Other IncomeCr | -32 | 8 | 25 | 10 | 9 | -49 | 8 | -26 | 10 | 11 | 1 | 7 |
Interest Expense Interest ExpenseCr | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 4 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 18 | 17 | 3 | 4 |
| 23 | 71 | 73 | 20 | 54 | -15 | 51 | 42 | 78 | 75 | 73 | 47 |
| 6 | 18 | 21 | 5 | 15 | -3 | 13 | 11 | 20 | 19 | 19 | 14 |
|
Growth YoY PAT Growth YoY% | -38.3 | 167.3 | 60.8 | -46.1 | 128.6 | -121.9 | -26.6 | 95.3 | 47.5 | 573.5 | 41.1 | 5.6 |
| 6.1 | 18.2 | 16.8 | 5.2 | 10.3 | -3.0 | 9.4 | 7.0 | 12.1 | 10.6 | 9.7 | 5.3 |
| 6.9 | 21.5 | 20.9 | 6.3 | 15.8 | -4.7 | 16.4 | 12.3 | 23.3 | 22.3 | 21.7 | 13.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 9.0 | -3.5 | 5.0 | 27.6 | 14.2 | -2.2 | -1.0 | 24.5 | 29.2 | 32.5 | 26.9 |
| 528 | 547 | 507 | 525 | 657 | 711 | 678 | 719 | 838 | 1,111 | 1,462 | 1,890 |
Operating Profit Operating ProfitCr |
| -2.2 | 2.9 | 6.8 | 8.1 | 9.8 | 14.5 | 16.6 | 10.7 | 16.5 | 14.2 | 14.8 | 13.2 |
Other Income Other IncomeCr | 6 | 7 | 14 | 12 | 16 | 13 | 13 | 15 | -14 | 51 | -56 | 29 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 3 |
Depreciation DepreciationCr | 15 | 17 | 16 | 15 | 15 | 19 | 20 | 17 | 16 | 15 | 40 | 41 |
| -21 | 6 | 36 | 44 | 73 | 114 | 127 | 83 | 134 | 220 | 156 | 273 |
| 0 | 1 | 15 | 18 | 18 | 42 | 34 | 21 | 35 | 58 | 41 | 72 |
|
| | 125.2 | 281.3 | 29.2 | 110.2 | 32.6 | 29.2 | -34.0 | 61.2 | 62.7 | -28.3 | 73.6 |
| -4.0 | 0.9 | 3.7 | 4.5 | 7.5 | 8.7 | 11.5 | 7.7 | 9.9 | 12.5 | 6.7 | 9.2 |
| -8.3 | 2.1 | 8.0 | 10.4 | 21.8 | 28.9 | 37.3 | 24.6 | 39.7 | 64.6 | 46.3 | 80.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| 146 | 151 | 218 | 242 | 296 | 359 | 451 | 506 | 584 | 707 | 765 | 794 |
Current Liabilities Current LiabilitiesCr | 260 | 234 | 190 | 207 | 259 | 327 | 304 | 333 | 384 | 357 | 703 | 777 |
Non Current Liabilities Non Current LiabilitiesCr | 1 | 13 | 2 | 7 | 2 | 15 | 15 | 13 | 12 | 9 | 45 | 38 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 263 | 267 | 252 | 321 | 405 | 542 | 619 | 706 | 835 | 933 | 1,342 | 1,456 |
Non Current Assets Non Current AssetsCr | 148 | 136 | 164 | 140 | 157 | 164 | 156 | 151 | 149 | 145 | 176 | 159 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -46 | 57 | 38 | 9 | 55 | 87 | 105 | 101 | 58 | 28 | 65 |
Investing Cash Flow Investing Cash FlowCr | -19 | -4 | 0 | -9 | 4 | -171 | 173 | 5 | 18 | 22 | 31 |
Financing Cash Flow Financing Cash FlowCr | 0 | -1 | 0 | 0 | 0 | -6 | -9 | -9 | -24 | -44 | -66 |
|
Free Cash Flow Free Cash FlowCr | -69 | 48 | 33 | 3 | 37 | 74 | 99 | 94 | 53 | 18 | 64 |
| 219.3 | 1,083.6 | 190.0 | 33.9 | 101.0 | 121.1 | 112.3 | 163.6 | 58.7 | 17.3 | 56.5 |
CFO To EBITDA CFO To EBITDA% | 400.6 | 347.1 | 103.1 | 19.0 | 77.1 | 72.4 | 77.3 | 117.0 | 35.3 | 15.1 | 25.7 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 2,294 | 2,892 | 2,352 | 2,316 | 4,996 | 5,979 | 7,526 | 6,389 | 8,118 | 13,301 | 21,516 |
Price To Earnings Price To Earnings | 0.0 | 550.8 | 117.3 | 89.4 | 91.8 | 82.8 | 80.7 | 103.7 | 81.8 | 82.4 | 185.9 |
Price To Sales Price To Sales | 4.4 | 5.1 | 4.3 | 4.1 | 6.9 | 7.2 | 9.3 | 7.9 | 8.1 | 10.3 | 12.5 |
Price To Book Price To Book | 15.2 | 18.5 | 10.6 | 9.4 | 16.6 | 16.4 | 16.5 | 12.5 | 13.8 | 18.7 | 27.9 |
| -198.9 | 171.4 | 60.5 | 47.3 | 67.6 | 47.5 | 53.0 | 69.0 | 46.2 | 69.4 | 82.8 |
Profitability Ratios Profitability Ratios |
| 61.3 | 64.7 | 68.0 | 68.4 | 68.3 | 63.3 | 63.8 | 61.3 | 64.1 | 54.1 | 43.9 |
| -2.2 | 2.9 | 6.8 | 8.1 | 9.8 | 14.5 | 16.6 | 10.7 | 16.5 | 14.2 | 14.8 |
| -4.0 | 0.9 | 3.7 | 4.5 | 7.5 | 8.7 | 11.5 | 7.7 | 9.9 | 12.5 | 6.7 |
| -13.8 | 3.7 | 15.9 | 17.7 | 24.2 | 30.6 | 27.4 | 16.1 | 22.6 | 30.8 | 19.6 |
| -13.8 | 3.4 | 9.0 | 10.5 | 18.1 | 19.8 | 20.4 | 12.1 | 16.9 | 22.7 | 15.0 |
| -5.1 | 1.3 | 4.8 | 5.6 | 9.7 | 10.2 | 12.0 | 7.2 | 10.1 | 15.0 | 7.6 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
AstraZeneca Pharma India Ltd. is a science-led biopharmaceutical company headquartered in Bengaluru, with over 45 years of presence in India. Established in 1979, the company employs more than 620 people and operates as a single business segment focused on discovering, developing, and commercializing innovative prescription medicines across key therapeutic areas: **Oncology, Biopharmaceuticals (CVRM and Respiratory), and Rare Diseases**. It also provides clinical trial coordination and marketing support services to its global parent.
The company follows a **“Growth Through Innovation”** strategy, positioning itself as a market shaper by advancing transformative therapies and pioneering science-driven solutions. In FY 2024–25, AstraZeneca generated **₹1,700 crore (USD 200 million)** in revenue from operations, with product sales up **33.4% YoY**, rising from ₹1,205 crore in FY 2023–24. This robust growth propelled it from rank #44 to **#40 in the Indian Pharmaceutical Market**, making it one of the **fastest-growing MNCs by revenue**.
---
### **Therapeutic Business Segments**
#### **1. Oncology – The Core Growth Engine (69.5% of Total Sales)**
- AstraZeneca's oncology business accounted for **69.5% of total sales** in FY 2024–25 and grew **49% YoY**, making it one of the **fastest-growing oncology companies in India by value**.
- It ranks among the **top five oncology pharmaceutical companies** in India (IPSOS MAT data).
- Key commercial strategy pillars:
- Launching transformative medicines
- Strengthening expertise in priority tumor types
- Driving superior patient outcomes
- Therapeutic focus: **Lung, Breast, Gastrointestinal (GI), Genitourinary (GU), and Gynecological cancers**.
**Key Oncology Brands & Developments:**
| Product | Indication & Updates |
|--------|----------------------|
| **Tagrisso (Osimertinib)** | Standard of care for **EGFR-mutated NSCLC** (advanced and early-stage resectable). Largest oncology brand by sales; ranks among **top 5 oncology brands in India**. |
| **Imfinzi (Durvalumab)** | Key brand in **NSCLC and SCLC**, with strong growth. Expanding into **Hepatocellular Carcinoma (HCC)** via HIMALAYA regimen and **Biliary Tract Cancer (BTC)** via TOPAZ-1. Among India’s top 5 oncology brands. |
| **Enhertu (Trastuzumab Deruxtecan)** | Launched January 2024 for HER2+ metastatic breast cancer; became a **Top 10 oncology brand within a year**. Also approved for **HER2-low breast cancer (DB-04 trial)** and **HER2+ gastric cancer**. Approved in March 2024 with Breakthrough Therapy Designation by US FDA. |
| **Lynparza (Olaparib)** | Market-leading brand in **ovarian cancer**. Lost patent exclusivity in India (March 2024), resulting in **generic competition and expected market share erosion**. Continued focus on utilization in **earlier-line settings and diagnostic alignment**. |
| **Zoladex, Koselugo, Imjudo (Tremelimumab)** | Part of pipeline for GU/Gynae cancers and combo regimens (e.g., HIMALAYA). |
- **Recent Oncology Approvals & Pipeline:**
- **ADRIATIC (SCLC)** and **AEGEAN (NSCLC)** – New indications for early-stage lung cancer.
- 11 regulatory approvals secured since 2023 across oncology and other areas.
- Active pipeline includes next-generation therapies and modalities targeting multiple stages of GI, liver, and endometrial cancers.
---
#### **2. Biopharmaceuticals – Driving Innovation in Chronic Diseases**
This vertical covers **Cardiovascular, Renal, Metabolic (CVRM), Respiratory & Immunology**, and infectious disease prevention. It contributes significantly to revenue and has shown resilience despite generic competition.
**Cardiovascular, Renal & Metabolic (CVRM):**
- Focus on **disease modification, early intervention, and remission** in interrelated conditions.
- **Brilinta (Ticagrelor)**: Despite losing market exclusivity in 2019 and facing over 40 generic competitors, Brilinta remains the **market-leading oral antiplatelet drug**, growing at **double-digit rates** in FY 2024–25.
- Sustained growth due to physician education, cath lab penetration, and emphasis on potent antiplatelet therapy.
- **Forxiga (Dapagliflozin)**: Leading brand in SGLT2 inhibitor class, maintains **#1 value share** despite over 350 generic versions.
- Approved for **Type 2 Diabetes, Heart Failure (HFrEF & HFpEF)**, and **Chronic Kidney Disease (CKD)** — making it a multi-indication asset.
- Growing 13% in private segment (5/10mg); focus on **use beyond diabetes**.
- India was among the first countries to approve Forxiga for HF and CKD, reinforcing the company’s leadership in science-led label expansions.
- **CVRM Strategy:** Leverage shared pathophysiology to halt progression and aim for remission.
- **Project HeartBeat**: AI-powered ECG initiative using InstaECG devices. Screens patients across 37 hubs and 150+ remote centers. To date, **189,000+ patients screened**, **13,000+ critical MI cases identified and treated**.
- Digital campaigns: #BeyondSugar, #HeartMitra reached **12 million users**.
**Respiratory & Immunology:**
- Portfolio: **Asthma, COPD, Severe Eosinophilic Asthma (SEA)**.
- **Fasenra (Benralizumab)**: Top-selling **respiratory biologic in India** by value. Used in SEA, reduces reliance on oral corticosteroids.
- Over 400 patients enrolled; high HCP acceptance.
- Being evaluated for new indications.
- **Breztri Aerosphere**: Fixed-dose triple-combo inhaler for **COPD maintenance**.
- Launched January 2025 with proprietary **Aerosphere™ pMDI technology** (~50% lung deposition efficiency).
- Clinically proven to **reduce mortality and exacerbations**.
- Rapid uptake: **>1,500 patients initiated in Q1 2025**.
- **Symbicort (Budesonide/Formoterol)**:
- Fast-growing ICS/LABA inhaler.
- Growth accelerated to **48% via exclusive distribution partnership with Mankind Pharma**, which brings pan-India reach.
- Strategic goal: Shift from **symptom control to disease modification and remission**.
---
#### **3. Rare Diseases – Strategic Expansion into Underserved Areas**
- AstraZeneca entered the rare disease space in FY 2023–24, responding to high unmet needs and aligning with global capabilities post-**Alexion acquisition (2021)**.
- India was among the **first Asian markets** to launch Alexion portfolio therapies.
**Current & Upcoming Launches:**
| Product | Indication |
|--------|-----------|
| **Koselugo (Selumetinib)** | Approved in 2023; **only treatment for pediatric NF1 with inoperable plexiform neurofibromas**. Launched to support highly debilitating rare condition. |
| **Soliris (Eculizumab)** | Planned launch for two rare diseases: **Paroxysmal Nocturnal Hemoglobinuria (PNH)** and **atypical Hemolytic Uremic Syndrome (aHUS)**. First **anti-complement therapy** approved in India. |
**Access & Advocacy Initiatives:**
- Partnered with **aHUS India Foundation, PNH India Alliance** to build patient communities.
- Conducted **>825 medical interactions**, 15+ awareness programs, and 7 scientific events to improve **TMA diagnosis and early identification of aHUS**.
- Collaborating with **industry associations and government** to expand **Centers of Excellence (COEs)** under India’s **National Policy for Rare Diseases**.
- Advocating for improved diagnostics, policy support, and access in underserved regions.
---
### **Commercial & Strategic Highlights**
#### **Innovation & Growth Drivers**
- **11 product approvals since 2023** across oncology, CVRM, respiratory, and rare diseases.
- **“Beyond the Pill” Digital Solutions**:
- **PHARMASTEER**: Postgraduate medical student training program in Medical Affairs with Seth GS Medical College and KEM Hospital (Mumbai).
- **Project HeartBeat & AI ECG triage** – life-saving, scalable model.
- **AI-powered lung cancer screening** with **Qure.ai** – deployed in 31+ hospitals, screening **>325,000 patients**.
- Digital tools: Alveo.Fit (asthma), EMR, telemedicine, iPharmacy (6,400+ pharmacists trained), Skill For Scale (5,000 nurses in NCD management).
- **Augmented/Virtual Reality**: Used to enhance HCP engagement and value communication.
#### **Key Collaborations & Partnerships**
- **Mankind Pharma**: Exclusive distributor for **Symbicort and Turbuhaler**, enabling widespread access.
- **Government of Karnataka & Goa**: AI-powered chest X-ray screening for **early lung cancer detection**; comprehensive lung cancer strategy (Goa).
- **Rajiv Gandhi Cancer Institute**: Center of Excellence for **NGS testing in lung cancer**.
- **Roche Diagnostics**: Streamlining **HER2 testing** for better breast cancer diagnosis.
- **Qure.ai & Predible Health**: AI for radiological screening of lung nodules.
- **Tricog**: Instant ECG and remote interpretation platform.
---
### **Market Position & Financial Performance (FY 2024–25)**
| Metric | Value |
|-------|-------|
| **Total Revenue from Operations** | ₹1,700 crore (~USD 200 million) |
| **Product Sales** | ₹1,608 crore (+33.4% YoY) |
| **Service Income (Clinical Trials & Marketing Support)** | ₹105 crore |
| **Oncology Contribution to Sales** | 69.5% |
| **Biopharmaceuticals Growth** | +8% YoY |
| | (Despite intense generic competition) |
| **Rare Disease Business** | Active post-2023 launch |
| **Market Rank (India Pharma)** | #40 (up from #44; fastest-growing among top MNCs) |