Ajanta Pharma is renowned in the pharmaceutical industry for its unwavering dedication to providing high-quality medicines to over 30 countries worldwide. The company has attained leadership positions in various molecules and therapeutic segments by introducing pioneering first-to-market products and prioritizing customer-centric approaches. Its business model encompasses Branded Generics in India and Emerging Markets, Generics in the USA, and Institution Sales in Africa, ensuring both scalability and sustainability. Ajanta Pharma’s relentless commitment to meeting patient needs drives its development of differentiated first-to-market products, further solidifying its position in various therapeutic segments. Operating state-of-the-art manufacturing facilities in India with stringent quality standards approved by regulatory authorities, the company has earned a reputation for trust and reliability among healthcare professionals and patients globally. With a strong focus on research and development and a diverse workforce exceeding 7,700 individuals from various nationalities, Ajanta Pharma remains steadfast in its mission to serve global healthcare needs through empathy and innovation.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 66.22% | 66.22% | 66.22% | 66.22% | 66.27% |
| FIIs + | 10.19% | 9.99% | 9.11% | 8.54% | 8.36% |
| DIIs + | 15.36% | 15.60% | 16.67% | 17.48% | 17.41% |
| Government + | 0.46% | 0.00% | 0.00% | 0.00% | 0.01% |
| Public + | 7.78% | 8.21% | 8.00% | 7.76% | 7.94% |
| No. of Shareholders | 54,874 | 56,277 | 54,351 | 55,488 | 70,316 |
The shareholding pattern of Ajanta Pharma has shown a stable and dominant promoter presence, holding 66.27% of shares as of June 2024. Foreign Institutional Investors (FIIs) have reduced their stake from 10.19% to 8.36%, indicating a decline in foreign investment. Domestic Institutional Investors (DIIs) have increased their ownership from 15.36% to 17.41%, reflecting growing local institutional interest. Government holdings remain minimal, with a slight increase to 0.01%. Public shareholding has seen minor fluctuations, slightly decreasing from 7.78% to 7.94%. The number of shareholders has risen significantly, from 54,874 to 70,316, suggesting increased retail investor participation or consolidation of shares.
Below are the trading platforms that you can use to purchase Ajanta Pharma shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| September 2024 | 3,297.95 | 2,867.79 |
| October 2024 | 3,265.30 | 2,839.39 |
| November 2024 | 3,395.91 | 2,952.97 |
| December 2024 | 3,429.87 | 2,982.50 |
As we approach the later months of 2024, Ajanta Pharma Ltd is expected to experience notable price movements. In September 2024, the maximum price could reach ₹3,297.95, while the minimum might dip to ₹2,867.79. Moving into October, the maximum price is projected to be around ₹3,265.30, with a minimum of ₹2,839.39. By November, prices may climb further, with the maximum reaching ₹3,395.91 and the minimum at ₹2,952.97. As we step into December, Ajanta Pharma Ltd could see its maximum price rising to ₹3,429.87, while the minimum is anticipated to be ₹2,982.50.
| When | Maximum Price | Minimum Price |
| January 2025 | 3,464.17 | 2,664.75 |
| February 2025 | 3,499.16 | 2,691.66 |
| March 2025 | 3,572.64 | 2,748.19 |
| April 2025 | 3,537.27 | 2,720.98 |
| May 2025 | 3,434.24 | 2,641.73 |
| June 2025 | 3,588.79 | 2,760.60 |
| July 2025 | 3,518.42 | 2,706.48 |
| August 2025 | 3,627.23 | 2,790.18 |
| September 2025 | 3,670.76 | 2,823.66 |
| October 2025 | 3,766.20 | 2,897.08 |
| November 2025 | 3,860.36 | 2,969.50 |
| December 2025 | 4,034.07 | 3,103.13 |
In 2025, Ajanta Pharma Ltd is projected to see fluctuating prices, starting in January with a maximum of ₹3,464.17 and a minimum of ₹2,664.75. The prices may gradually rise, reaching ₹3,588.79 in June and ₹2,760.60 at the lowest. In the latter half, the upward trend could continue, with September potentially seeing a peak of ₹3,670.76 and a low of ₹2,823.66. By November, prices might range between ₹3,860.36 and ₹2,969.50, and as we reach December, the year could close with a maximum of ₹4,034.07 and a minimum of ₹3,103.13.
| When | Maximum Price | Minimum Price |
| January 2026 | 4,155.09 | 3,196.23 |
| February 2026 | 4,051.22 | 3,116.32 |
| March 2026 | 4,132.24 | 3,178.65 |
| April 2026 | 4,216.57 | 3,243.52 |
| May 2026 | 4,174.82 | 3,211.40 |
| June 2026 | 4,279.20 | 3,291.69 |
| July 2026 | 4,195.29 | 3,227.15 |
| August 2026 | 4,325.04 | 3,326.95 |
| September 2026 | 4,411.54 | 3,393.49 |
| October 2026 | 4,526.24 | 3,481.72 |
| November 2026 | 4,639.40 | 3,568.77 |
| December 2026 | 4,755.38 | 3,657.99 |
| When | Maximum Price | Minimum Price |
| January 2027 | 4,802.94 | 3,694.57 |
| February 2027 | 4,926.09 | 3,789.30 |
| March 2027 | 5,118.21 | 3,937.08 |
| April 2027 | 5,017.85 | 3,859.88 |
| May 2027 | 4,871.70 | 3,747.46 |
| June 2027 | 5,090.92 | 3,916.10 |
| July 2027 | 4,991.10 | 3,839.31 |
| August 2027 | 5,145.47 | 3,958.05 |
| September 2027 | 5,325.56 | 4,096.58 |
| October 2027 | 5,464.02 | 4,203.09 |
| November 2027 | 5,600.62 | 4,308.17 |
| December 2027 | 5,740.64 | 4,415.88 |
| When | Maximum Price | Minimum Price |
| January 2028 | 5,855.45 | 4,504.19 |
| February 2028 | 6,005.59 | 4,619.69 |
| March 2028 | 6,239.81 | 4,799.85 |
| April 2028 | 6,117.46 | 4,705.74 |
| May 2028 | 5,939.28 | 4,568.68 |
| June 2028 | 6,206.55 | 4,774.27 |
| July 2028 | 6,084.85 | 4,680.66 |
| August 2028 | 6,273.04 | 4,825.42 |
| September 2028 | 6,492.60 | 4,994.31 |
| October 2028 | 6,661.41 | 5,124.16 |
| November 2028 | 6,827.94 | 5,252.26 |
| December 2028 | 6,998.64 | 5,383.57 |
| When | Maximum Price | Minimum Price |
| January 2029 | 7,138.61 | 5,491.24 |
| February 2029 | 7,321.66 | 5,632.04 |
| March 2029 | 7,607.20 | 5,851.69 |
| April 2029 | 7,458.04 | 5,736.95 |
| May 2029 | 7,240.81 | 5,569.86 |
| June 2029 | 7,566.65 | 5,820.50 |
| July 2029 | 7,418.29 | 5,706.37 |
| August 2029 | 7,647.72 | 5,882.86 |
| September 2029 | 7,915.39 | 6,088.76 |
| October 2029 | 8,121.19 | 6,247.07 |
| November 2029 | 8,324.22 | 6,403.24 |
| December 2029 | 8,532.32 | 6,563.32 |
| When | Maximum Price | Minimum Price |
| January 2030 | 8,702.97 | 6,694.59 |
| February 2030 | 8,926.12 | 6,866.25 |
| March 2030 | 9,274.24 | 7,134.03 |
| April 2030 | 9,092.39 | 6,994.15 |
| May 2030 | 8,827.57 | 6,790.44 |
| June 2030 | 9,224.81 | 7,096.00 |
| July 2030 | 9,043.93 | 6,956.87 |
| August 2030 | 9,323.64 | 7,172.03 |
| September 2030 | 9,649.96 | 7,423.05 |
| October 2030 | 9,900.86 | 7,616.05 |
| November 2030 | 10,148.38 | 7,806.45 |
| December 2030 | 10,402.09 | 8,001.61 |
In 2030, Ajanta Pharma Ltd is expected to experience a notable increase in prices throughout the year. Beginning in January, the maximum price may reach ₹8,702.97, while the minimum could be around ₹6,694.59. As we advance into the year, prices might steadily climb, with March potentially seeing a peak of ₹9,274.24 and a low of ₹7,134.03. Moving into mid-year, June may observe a maximum of ₹9,224.81 and a minimum of ₹7,096.00. Towards the end of the year, a continued upward trajectory is anticipated, with November potentially reaching a high of ₹10,148.38 and a low of ₹7,806.45. By December, Ajanta Pharma Ltd could close the year with a maximum price of ₹10,402.09 and a minimum of ₹8,001.61.
Ajanta Pharma Financial Condition
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 2,588 | 2,890 | 3,341 | 3,743 | 4,209 |
| Expenses + | 1,904 | 1,889 | 2,408 | 2,934 | 3,037 |
| Operating Profit | 683 | 1,001 | 933 | 808 | 1,172 |
| OPM % | 26% | 35% | 28% | 22% | 28% |
| Other Income + | 88 | 24 | 112 | 74 | 85 |
| Interest | 12 | 8 | 10 | 6 | 7 |
| Depreciation | 96 | 116 | 125 | 131 | 135 |
| Profit before tax | 664 | 900 | 909 | 745 | 1,114 |
| Tax % | 30.00% | 27.00% | 22.00% | 21.00% | 27.00% |
| Net Profit + | 468 | 654 | 713 | 588 | 816 |
| EPS in Rs | 35.73 | 50.38 | 55.63 | 45.89 | 64.82 |
| Dividend Payout % | 24.00% | 13.00% | 11.00% | 15.00% | 79.00% |
Ajanta Pharma has witnessed remarkable sales growth over the past five years, climbing from ₹2,588 crores in March 2020 to ₹4,209 crores in March 2024, showcasing a consistent upward trajectory. Despite this growth, the company managed its expenses effectively in proportion to sales, ensuring healthy profit margins even amidst fluctuations. Operating profit, although fluctuating, remained robust, peaking at ₹1,172 crores in March 2024, underscoring the company’s operational efficiency. Supplementary revenue streams, including investments and non-core activities, bolstered Ajanta Pharma’s overall profitability, contributing to its sustained success. Furthermore, the company’s net profit exhibited an upward trend, reaching ₹816 crores in March 2024, indicative of effective management and operational resilience. Earnings Per Share (EPS) also witnessed consistent growth, rising from ₹35.73 in March 2020 to ₹64.82 in March 2024, thereby creating substantial value for shareholders. Additionally, the fluctuating dividend payout percentage, reaching 79.00% in March 2024, highlights Ajanta Pharma’s commitment to rewarding shareholders as profits continue to grow. Overall, Ajanta Pharma’s strong financial performance, coupled with effective cost management and consistent profitability, positions it favorably for sustained growth and value creation in the pharmaceutical industry.
FAQS
As of August 30th, 2024, the share price of Ajanta Pharma is around INR ₹3,205.
Based on various market analyses and expert opinions, the expected share price target of Ajanta Pharma by 2024 is around INR 3,429.87.
It is unlikely for the share price of Ajanta Pharma to reach INR 5000 by 2025. Such a target would require a massive and unrealistic growth rate.
As per our analysis, Ajanta Pharma in 2025 is expected to trade between ₹2,641.73 and ₹4,034.07.
As per our analysis, Ajanta Pharma’s share price target for 2030 would be somewhere between ₹6,956.87 and ₹10,402.09.
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Conclusion
Ajanta Pharma Ltd has demonstrated strong growth and resilience, evident in its expanding sales and robust financial performance from 2020 to 2024. The company has maintained a dominant promoter shareholding, while local institutional interest has increased, reflecting confidence in its future prospects. Despite fluctuations in Foreign Institutional Investments (FIIs), the rise in retail and domestic participation indicates growing market trust. Its strategic focus on Branded Generics, Generics, and Institutional Sales across diverse markets further supports scalability and sustainability, ensuring the company’s sustained growth and value creation for its stakeholders.
However, it’s important to note that we are not financial advisors. Please consult with a SEBI-registered financial advisor before making any investment decisions regarding Ajanta Pharma. This discussion on Ajanta Pharma’s share price target from 2024 to 2030 is provided for educational purposes only.
What did we learn?
- 1 Shareholding Patterns of Ajanta Pharma
- 2 How to Purchase Ajanta Pharma Shares?
- 3 Ajanta Pharma Share Price Prediction 2024, 2025 to 2030
- 3.1 Ajanta Pharma Share Price Prediction 2024
- 3.2 Ajanta Pharma Share Price Prediction 2025
- 3.3 Ajanta Pharma Share Price Target 2026
- 3.4 Ajanta Pharma Share Price Prediction 2027
- 3.5 Ajanta Pharma Share Price Target 2028
- 3.6 Ajanta Pharma Share Price Prediction 2029
- 3.7 Ajanta Pharma Share Price Target 2030
- 4 Ajanta Pharma Financial Condition
- 5 FAQS
- 6 Conclusion
