Piramal Pharma Limited (PPL) is a diversified pharmaceutical company and part of the well-known Piramal Group. Incorporated in 1984 and listed in 2021, the company operates across three key business verticals: Contract Development and Manufacturing (CDMO), Complex Hospital Generics (critical care), and Consumer Healthcare (OTC products). With a strong global footprint—especially in regulated markets like the US, Europe, and Japan—Piramal Pharma has built a reputation for quality, compliance, and innovation. Investors are increasingly evaluating it as a mid-cap pharma play with exposure to high-growth segments. This article provides a realistic, data-backed outlook on the Piramal Pharma share price target 2026–2030.
Piramal Pharma: Company Overview
- Founded: 1984 (listed in 2021 via demerger from Piramal Enterprises)
- Headquarters: Mumbai, Maharashtra
- Parent Group: Piramal Group (founded by Dr Swati Piramal and Ajay Piramal)
- Key Segments:
- CDMO (Contract Development & Manufacturing): ~50% of revenue; serves 500+ global clients
- Complex Hospital Generics: Critical care injectables and niche formulations
- Consumer Healthcare: OTC brands like Saridon, Nixoderm, and Optiword
- Global Presence: 15 manufacturing sites (9 in India, 4 in North America, 2 in Europe)
Piramal Pharma is not debt-free but maintains a manageable debt level. It is not owned by a single promoter—the Piramal Group holds a 34.86% stake, while FIIs and DIIs collectively hold ~45%, indicating strong institutional interest.
Piramal Pharma: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹151.40 |
| Market Capitalization | ₹20,124.82 Cr |
| Enterprise Value | ₹21,168.91 Cr |
| No. of Shares Outstanding | 132.92 Cr |
| 52-Week High / Low | ₹245 / ₹150 |
| P/E Ratio (TTM) | 28.52 |
| P/B Ratio | 2.60 |
| EPS (TTM) | ₹5.31 |
| Book Value (TTM) | ₹58.28 |
| ROE | 9.83% |
| ROCE | 12.40% |
| Dividend Yield | 0.09% |
| Face Value | ₹10 |
| Cash | ₹177.84 Cr |
| Total Debt | ₹1,221.93 Cr |
| Debt-to-Equity | 0.17 |
| Sales Growth (YoY) | 20.40% |
| Profit Growth (YoY) | 76.73% |
Piramal Pharma Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹165 – ₹185 |
| 2027 | ₹180 – ₹210 |
| 2028 | ₹195 – ₹240 |
| 2029 | ₹210 – ₹270 |
| 2030 | ₹225 – ₹300 |
Piramal Pharma Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹165 | ₹185 |
Piramal Pharma reported 76.73% YoY profit growth and 20.4% sales growth in FY2025, driven by strong CDMO demand and recovery in hospital generics. However, its P/E of 28.5x is above the pharma sector median (~22x), reflecting premium valuation for its global CDMO positioning. With ROCE at 12.4% and low debt (D/E: 0.17), the company is financially stable. A 2026 target of ₹165–₹185 assumes continued execution and no major regulatory setbacks.
Piramal Pharma Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹180 | ₹210 |
The CDMO segment—contributing half of revenues—is gaining traction with integrated projects (40% of new orders). If sales grow at 15–18% CAGR and margins stabilize near 19%, EPS could reach ₹6.50–₹7.20 by FY27. At a P/E of 26–28x (justified by global client base), the 2027 range of ₹180–₹210 is reasonable.
Piramal Pharma Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹195 | ₹240 |
By 2028, benefits from capacity expansion in North America and higher-margin integrated CDMO contracts should reflect in earnings. The consumer healthcare segment offers steady cash flow, while hospital generics remain a turnaround story. Assuming ROE improves toward 12% and debt remains controlled, a P/E of 27–29x supports the ₹195–₹240 band.
Piramal Pharma Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹210 | ₹270 |
Long-term growth hinges on CDMO scale and regulatory approvals. India’s pharma sector is benefiting from global supply chain diversification, and Piramal is well-positioned as a trusted partner. If the company sustains 15%+ sales growth and improves return ratios, investor sentiment could strengthen. A P/E of 28–30x on projected EPS (~₹7.50–₹9.00) justifies the ₹210–₹270 range.
Piramal Pharma Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹225 | ₹300 |
Over a five-year horizon, Piramal Pharma’s value lies in its global CDMO franchise and diversified model. While it lacks blockbuster drugs, its asset-light, service-oriented approach reduces R&D risk. If it maintains low leverage and expands margins, a terminal P/E of 28–32x on FY30 EPS (~₹7.50–₹9.40) supports the ₹225–₹300 target.
Piramal Pharma: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Piramal Group) | 34.86% |
| Foreign Institutional Investors (FII) | 29.66% |
| Domestic Institutional Investors (DII) | 15.69% |
| Public & Retail | 19.79% |
| Others | 0% |
High institutional ownership (45%+) reflects confidence in governance and strategy. The promoter stake ensures strategic continuity without excessive concentration.
Piramal Pharma: Strengths vs Risks
Strengths:
- Strong CDMO presence: Top 3 in India, 13th globally, with 84% revenue from regulated markets
- Low debt-to-equity (0.17) and healthy cash flow from operations
- A diversified portfolio reduces reliance on any single segment
- Backed by the reputable Piramal Group with deep industry expertise
Risks:
- Modest ROE (9.83%) and ROCE (12.4%)—below pharma leaders like Divis Labs or Sun Pharma
- Very low dividend yield (0.09%) limits income appeal
- Working capital days increased from 31.5 to 60.2—signals potential liquidity pressure
- High P/E (28.5x) leaves little room for execution misses
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Moderate (mid-cap pharma) |
| Dividend/Income Potential | Minimal (0.09% yield) |
| Best For | Growth-oriented investors seeking global pharma exposure with moderate risk |
In hospital generics: it supplies critical care injectables (e.g., anaesthetics, anti-infectives).
- Sun Pharmaceutical
- Divis Laboratories
- Dr. Reddy’s Laboratories
- Cipla
- Torrent Pharmaceuticals
Final Verdict
Piramal Pharma is a well-positioned, globally integrated pharma company with strong CDMO fundamentals and manageable debt. While it trades at a premium valuation, its exposure to regulated markets and diversified model offer long-term resilience. Our Piramal Pharma share price target 2026–2030 (₹165 to ₹300) reflects steady growth, assuming consistent execution and sector tailwinds. It’s suitable for growth portfolios—but avoid overpaying in overheated markets.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Piramal Pharma Consolidated Page (FY2025 + TTM)
- Finology Ticker – Piramal Pharma Financial Ratios & Valuation
- Piramal Pharma Investor Presentation (Q3 FY26, Jan 2026)
- BSE India – Annual Report FY2025
- Company Website – Business Segment Details






