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Bafna Pharmaceuticals

BAFNAPH NSE
₹438.80 +8.60 (+2.00%)
P/E
133.37
View as Markdown
MCP
Close 4 Nov 2026 ₹438.80 +272.55 +164% 1Y
Start ₹166.25

Key Fundamentals

MicrocapPharmaceuticals & BiotechnologyHealthcare

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
11.90%
Debt to Equity
0.39
EPS (TTM)
₹3.29
Book Value
₹40.64
Market Cap
—
P/E (TTM)
133.37
P/B
10.80
ROE
12.30%
Dividend Yield
0.00%
EBITDA
₹1.50 Cr
52W High
₹479.95
52W Low
₹94.77
Day Range
₹438.80 – ₹438.80
Volume
5,404

Peer Comparison

Healthcare › Pharmaceuticals

Bafna Pharmaceuticals peer comparison
₹1,773.4038.81₹4,29,049 Cr4.770.90%16.00%20.50%₹61,631 Cr₹10,987 Cr
₹10,037.5091.10₹2,65,269 Cr15.900.30%16.50%22.00%₹11,230 Cr₹2,925 Cr
₹4,738.5078.61₹1,77,061 Cr9.810.82%27.40%15.20%₹17,400 Cr₹2,099 Cr
₹1,188.1026.44₹1,25,446 Cr4.370.08%21.20%21.10%₹28,592 Cr₹4,593 Cr
₹2,323.80114.81₹1,25,228 Cr20.720.04%18.30%17.80%₹7,270 Cr₹1,090 Cr
₹1,374.0035.59₹1,14,543 Cr2.960.58%11.20%13.00%₹33,228 Cr₹3,184 Cr
₹1,402.0033.59₹1,12,454 Cr3.200.93%11.60%15.50%₹28,324 Cr₹3,356 Cr
Bafna Pharmaceuticals (this company)
₹438.80133.37₹1,018 Cr10.800.00%12.30%11.90%₹143 Cr₹8 Cr
Median 8 companies₹1,587.7058.71₹1,25,337 Cr7.290.44%16.25%16.65%₹22,862 Cr₹3,055 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

35 Poor

Data confidence 98/100

surveillance:ASM2

Category scores

Quality
39
Weak
Returns, margins, earnings quality 22% weight
Valuation
17
Poor
Cheap vs sector & own history 24% weight
Growth
8
Poor
Sales & profit trajectory 9% weight
Financial Health
42
Weak
Solvency, leverage, coverage 9% weight
Momentum
99
Strong
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
FII/DII/promoter flows 24% weight
Capped: a governance trigger overrides the fundamentals here (surveillance:ASM2 ≤ 50).

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

5
  • Stock is trading at 9.50 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 9.88% over last 3 years.
  • Earnings include an other income of Rs.6.07 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish5311
OscillatorsBullish234
Moving AveragesStrong Bullish307

Key readings

RSI (14)
60.21
Neutral
MACD (12,26,9)
20.96
Bearish
SMA (50)
368.18
Bullish
SMA (200)
211.50
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+5.91%
5Y+16.29%
3Y+9.50%
1Y+3.42%
TTM−3.13%

Net profit

Net profit growth by window
10YTurned to profit
5Y+12.89%
3Y0.00%
1Y+175.00%
TTM−5.80%

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5YTurned positive
3Y+44.22%
1Y−31.82%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+7.07 pp
5Y−3.48 pp
3Y−3.31 pp
1Y+3.07 pp
TTM−1.95 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹65.00 Cr
Mar 2018₹46.00 Cr
Mar 2019₹44.00 Cr
Mar 2020₹42.00 Cr
Mar 2021₹71.00 Cr
Mar 2022₹85.00 Cr
Mar 2023₹115 Cr
Mar 2024₹152 Cr
Mar 2025₹146 Cr
Mar 2026₹151 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹18.00 Cr
Mar 2018−₹16.00 Cr
Mar 2019−₹20.00 Cr
Mar 2020−₹25.00 Cr
Mar 2021₹6.00 Cr
Mar 2022₹5.00 Cr
Mar 2023₹11.00 Cr
Mar 2024₹7.00 Cr
Mar 2025₹4.00 Cr
Mar 2026₹11.00 Cr

Quarterly Results

₹ Cr
BAFNAPH quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
41.95
40.68
28.44
41.4
33.29
40.32
33.19
39.06
34.62
35.47
38.29
42.24
26.58
Expenses
35.66
36.67
30.51
38.51
32.08
36.53
30.13
35.95
29.55
31.19
35.24
38.69
25.69
Operating Profit
6.29
4.01
−2.07
2.89
1.21
3.79
3.06
3.11
5.07
4.28
3.05
3.55
0.89
OPM %
14.99%
9.86%
−7.28%
6.98%
3.63%
9.4%
9.22%
7.96%
14.64%
12.07%
7.97%
8.4%
3.35%
Other Income
1.87
0.16
0.98
0.52
0.16
1.02
0.19
−0.76
0.6
1.18
1.22
1.76
1.91
Interest
0.6
0.44
0.58
0.68
0.65
0.62
0.64
0.82
0.91
0.86
0.86
1.03
0.94
Depreciation
1.21
1.24
1.27
1.27
1.44
1.58
1.66
0.22
1.37
1.47
1.57
1.66
1.78
PBT
6.35
2.48
−2.94
1.46
−0.72
2.62
0.95
1.31
3.39
3.12
1.84
2.62
0.08
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
−4.96%
0%
Net Profit
6.35
2.48
−2.94
1.46
−0.72
2.62
0.95
1.31
3.39
3.12
1.84
2.75
0.08
EPS (₹)
2.68
1.05
−1.24
0.62
−0.3
1.11
0.4
0.55
1.43
1.32
0.78
1.16
0.03

Profit & Loss

₹ Cr
BAFNAPH profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
100
85
65
46
44
42
71
85
115
152
146
151
143
Expenses
116
82
70
81
57
41
61
73
100
141
135
135
131
Operating Profit
−16
3
−5
−35
−13
1
10
12
16
11
11
16
12
OPM %
−16%
3.3%
−8%
−77%
−30%
2.9%
14%
14%
14%
7%
8%
11%
8%
Other Income
40
1
1
31
0
−23
1
0
3
4
1
5
6
Interest
12
12
11
7
2
0
1
1
2
2
3
4
4
Depreciation
5
4
4
4
3
3
4
5
5
5
5
6
6
PBT
6
−13
−19
−14
−18
−25
6
5
12
7
4
11
8
Tax %
0%
−3%
−4%
15%
8%
0%
0%
0%
2%
0%
0%
−1%
—
Net Profit
6
−12
−18
−16
−20
−25
6
5
11
7
4
11
8
EPS (₹)
3.28
−6.53
−9.9
−6.95
−8.34
−107
2.46
2.21
4.79
3.11
1.75
4.69
3.29
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
BAFNAPH balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
19
19
19
24
24
2
24
24
24
24
24
24
Reserves
53
41
26
17
−3
49
33
38
50
57
61
72
Borrowings
64
80
82
47
46
3
15
11
23
24
28
37
Other Liabilities
50
45
40
40
54
17
14
17
33
42
40
42
Total Liabilities
185
185
167
128
121
71
86
90
130
148
153
176
Fixed Assets
49
47
43
40
37
35
36
39
40
40
59
82
CWIP
0
0
0
0
0
0
1
0
2
12
7
3
Investments
18
18
18
1
1
0
0
0
0
0
0
0
Other Assets
118
120
106
86
82
36
50
51
88
95
87
91
Total Assets
185
185
167
128
121
71
86
90
130
148
153
176

Cash Flow

₹ Cr
BAFNAPH cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
9
−3
14
−7
−1
−34
−14
10
5
9
22
15
Investing
56
−1
−8
38
4
33
−5
−7
−7
−15
−21
−22
Financing
−66
4
−5
−31
−2
7
12
−5
10
−1
1
6
Net Cash Flow
0
0
0
0
0
6
−7
−2
8
−6
2
−1
Free Cash Flow
2
−5
20
40
−1
−36
−20
2
−2
−6
0
−10
CFO/OP
−74
−106
−263
20
8
−2,786
−132
83
32
87
194
94

Ratios

BAFNAPH financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
303
291
302
195
208
52
49
63
130
109
101
106
Inventory Days
66
92
118
102
122
208
154
185
129
125
127
129
Days Payable
149
169
164
265
517
229
107
113
165
149
140
139
Cash Conversion Cycle
220
214
255
31
−188
31
96
135
94
84
88
96
Working Capital Days
56
125
−36
−108
−210
89
121
123
104
92
74
74
ROCE %
−13%
0%
−6%
−35%
−21%
−3%
10%
11%
16%
9%
8%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Bafna Pharmaceuticals insights

68 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 75.00%
  • Public 11.97%
  • FIIs 9.34%
  • Others 3.69%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Bafna Pharmaceuticals

What does Bafna Pharmaceuticals Ltd do?
Incorporated in 1981, Bafna Pharmaceuticals Ltd manufactures finished pharmaceutical formulations
Where is Bafna Pharmaceuticals Ltd (BAFNAPH) listed?
Bafna Pharmaceuticals Ltd trades as BAFNAPH on the NSE and under code 532989 on the BSE.
Which sector does Bafna Pharmaceuticals Ltd belong to?
Bafna Pharmaceuticals Ltd is classified under the Healthcare sector, in the Pharmaceuticals industry.
What is the PE ratio of Bafna Pharmaceuticals Ltd?
Bafna Pharmaceuticals Ltd trades at a PE ratio of 133.37 as of 4 Nov 2026, on earnings per share of ₹3.29, against a book value of ₹40.64 per share.
What is the 52-week high and low of Bafna Pharmaceuticals Ltd?
Over the last 52 weeks Bafna Pharmaceuticals Ltd has traded between ₹94.77 and ₹479.95 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Bafna Pharmaceuticals Ltd?
Bafna Pharmaceuticals Ltd reported a return on equity of 12.30%. Its debt-to-equity ratio is 0.39.

Company Information

Incorporated in 1981, Bafna Pharmaceuticals Ltd manufactures finished pharmaceutical formulations

CEO Mr. Bansilal Mahaveer Chand Bafna
Employees 406
Listed 27 Feb 2020
Face Value ₹10

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