Mankind Pharma (BOM:543904) ROE %: 13.60% (As of Mar. 2026) — 40% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:543904 Mankind Pharma Ltd BOM:543904
90 GF Score
Price ₹2,491.45
GF Value ₹2,934.91
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Mankind Pharma ROE %?

Mankind Pharma BOM:543904 -2.10% 90 ROE % is 13.60% as of Mar. 2026, which is 40% below its 10-year median of 22.77. GuruFocus rates BOM:543904 with a GF Score™ of 90/100 and a GF Value™ of ₹2,934.91 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 938 Drug Manufacturers companies, Mankind Pharma ranks better than 72.17% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mankind Pharma's annualized net income for the quarter that ended in Mar. 2026 was ₹22,174 Mil. Mankind Pharma's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹163,003 Mil. Therefore, Mankind Pharma's annualized ROE % for the quarter that ended in Mar. 2026 was 13.60%.

The historical rank and industry rank for Mankind Pharma's ROE % or its related term are showing as below:

BOM:543904' s ROE % Range Over the Past 10 Years
Min: 12.49   Med: 22.77   Max: 30.84
Current: 12.5

During the past 7 years, Mankind Pharma's highest ROE % was 30.84%. The lowest was 12.49%. And the median was 22.77%.

BOM:543904's ROE % is ranked better than
72.17% of 938 companies
in the Drug Manufacturers industry
Industry Median: 6.05 vs BOM:543904: 12.50

Mankind Pharma  (BOM:543904) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=22174/163003.4
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(22174 / 137717.2)*(137717.2 / 280795.3)*(280795.3 / 163003.4)
=Net Margin %*Asset Turnover*Equity Multiplier
=16.1 %*0.4905*1.7226
=ROA %*Equity Multiplier
=7.9 %*1.7226
=13.60 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=22174/163003.4
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (22174 / 26366.8) * (26366.8 / 28272) * (28272 / 137717.2) * (137717.2 / 280795.3) * (280795.3 / 163003.4)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.841 * 0.9326 * 20.53 % * 0.4905 * 1.7226
=13.60 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Mankind Pharma ROE % Related Terms


Mankind Pharma ROE % Historical Data

* Premium members only.

The historical data trend for Mankind Pharma's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mankind Pharma ROE % Chart

Mankind Pharma Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial 26.36 18.86 22.77 16.80 12.49

Mankind Pharma Quarterly Data
Mar20 Mar21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.74 12.23 13.39 10.70 13.60

BOM:543904 vs ZTS, UTHR: ROE % Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Mankind Pharma's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mankind Pharma ROE % vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Mankind Pharma's ROE % distribution charts can be found below:

* The bar in red indicates where Mankind Pharma's ROE % falls into.


BOM:543904
90GF Score
Mankind Pharma Ltd BOM:543904
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mankind Pharma ROE % Calculation

Mankind Pharma's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=19129.3/( (143323.9+163003.4)/ 2 )
=19129.3/153163.65
=12.49 %

Mankind Pharma's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=22174/( (0+163003.4)/ 1 )
=22174/163003.4
=13.60 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 13.60% mean?
Mankind Pharma (BOM:543904) has a ROE % of 13.60% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mankind Pharma and its competitors. This is 40% below median its historical median of 22.77. Over the past decade, Mankind Pharma's ROE % has ranged from 12.49 to 30.84. According to the industry distribution chart, Mankind Pharma ranks #261 out of 938 companies in the Drug Manufacturers industry, placing it in the top 27.8%.
Is Mankind Pharma's ROE % too high?
Mankind Pharma's current ROE % of 13.60% is 40% below median its 10-year median of 22.77. Over the past 10 years, this metric has ranged from a low of 12.49 to a high of 30.84. The Drug Manufacturers industry median ROE % is 6.05. Mankind Pharma's value of 13.60% is 124.8% above this industry median. Based on the distribution chart, Mankind Pharma ranks #261 out of 938 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Mankind Pharma has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mankind Pharma's ROE % compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Mankind Pharma ranks #261 out of 938 companies for ROE %. This puts Mankind Pharma in the upper half of its industry. The industry median ROE % is 6.05. Mankind Pharma's value of 13.60% is 124.8% above this benchmark. Historically, Mankind Pharma's own ROE % has ranged from 12.49 to 30.84 over the past decade. While the company's 10-year median is 22.77 vs. the industry median of 6.05, Mankind Pharma has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Drug Manufacturers company?
The median ROE % among Drug Manufacturers companies is 6.05, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mankind Pharma's current ROE % of 13.60% is 124.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mankind Pharma and its competitors. For the Drug Manufacturers industry, the median ROE % is 6.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mankind Pharma's current ROE % is 13.60%, which is 40% below median its own 10-year median of 22.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mankind Pharma stock overvalued right now?
Based on GuruFocus' analysis, Mankind Pharma (BOM:543904) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,934.91, compared to a current price of ₹2,491.45 — trading 15.1% below its estimated fair value. The current ROE % is 13.60%, which is 40% below median its 10-year median of 22.77 and 124.8% above the Drug Manufacturers industry median of 6.05. Mankind Pharma's overall GF Score™ is 90/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Mankind Pharma (BOM:543904), the current ROE % is 13.60% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mankind Pharma (BOM:543904) Overvalued in 2026?

Based on GuruFocus' analysis, Mankind Pharma stock appears to be undervalued. The current stock price of ₹2,491.45 is trading 15.1% below its estimated GF Value™ of ₹2,934.91. GuruFocus considers Mankind Pharma to be Modestly Undervalued.

Key valuation signals for BOM:543904:

  • ROE %: 13.60% (40% below median its 10-year median of 22.77)
  • GF Value™: ₹2,934.91 vs. price of ₹2,491.45 (15.1% below fair value)
  • GF Score™: 90/100 with 6 warning signs
  • Industry Position: 124.8% above the Drug Manufacturers median (#261 of 938)

No single metric tells the full story. See the BOM:543904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mankind Pharma Business Description

Other Exchanges MANKIND:India
Address 262, Okhla Industrial Estate, Phase-III, New Delhi, IND, 110020
Mankind Pharma Ltd is engaged in developing, manufacturing, and marketing a diverse range of pharmaceutical formulations across various acute and chronic therapeutic areas, as well as several consumer healthcare products. It operates at the intersection of Indian pharmaceutical formulations and consumer healthcare sectors providing products at affordable prices and has an established track record of building and scaling brands in-house. The company's brands include Manforce, Prega News, Gas-O-Fast, AcneStar and HealthOK. Geographically, the company derives a majority of its revenue from the sale of pharmaceutical products in India and the rest from its customers located outside India.
90GF Score

Get the complete analysis for BOM:543904

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,491.45
Price
₹2,934.91
GF Value