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Torrent Pharmaceuticals Ltd

Fri 25/04/2025,15:58:28 | NSE : TORNTPHARM

₹ 3238.90-86.20 (-2.59%)

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Market Data

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Open

₹ 3349.10

Previous Close

₹ 3325.10

Volume

330175

Mkt Cap ( Rs. Cr)

₹109619.09

High

₹ 3349.10

Low

₹ 3168.80

52 Week High

₹ 3590.70

52 Week Low

₹ 2519.95

Book Value Per Share

₹ 221.73

Dividend Yield

0.86

Face Value

₹ 5.00

What’s Your Call?

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Your Vote -

Buy

83.15%

Hold

8.99%

Sell

7.87%

83.15%

89 users have voted

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0%

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3238.90

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30

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News

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  • Torrent Pharmac has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    18 Apr 2025, 8:31PM As of March 2025, 68.31% is owned by Indian Promoters and 31.69% by Public. <p align=justify> Institutional holds 24.66% (Insurance Companies 1.31%) a
  • Torrent Pharmac - Disclosure under SEBI Takeover Regulations

    8 Apr 2025, 7:46PM Torrent Investments Limited (formerly known as Torrent Investments Private Limited) has Submitted to the Exchange a copy of Disclosure under Regulatio
  • Torrent Pharmac - Trading Window-XBRL

    28 Mar 2025, 11:34AM Torrent Pharmaceuticals Limited has informed the Exchange about Closure of Trading Window
  • Torrent Pharmac - Trading Window

    28 Mar 2025, 11:27AM Torrent Pharmaceuticals Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regul
  • Torrent Pharmac - Issue of Securities

    26 Mar 2025, 7:54PM Torrent Pharmaceuticals Limited has informed the Exchange about issue of Securities
  • Torrent Pharmac - Announcement under Regulation 30 (LODR)-Issue of Securities

    26 Mar 2025, 7:50PM Intimation regarding Issue of Commercial Papers
  • Torrent Pharmac - Redemption Of Commercial Paper Issued Under ISIN INE685A14112

    26 Mar 2025, 7:12PM Redemption of Commercial paper issued under ISIN iINE685A14112
  • Torrent Pharmac - Updates

    26 Mar 2025, 7:03PM Torrent Pharmaceuticals Limited has informed the Exchange regarding 'Redemption of Commercial Papers issued under ISIN INE685A14112'.
  • Torrent Pharmac - Issue of Securities

    25 Mar 2025, 7:58PM Torrent Pharmaceuticals Limited has informed the Exchange about issue of Securities
  • Torrent Pharmac - Announcement under Regulation 30 (LODR)-Issue of Securities

    25 Mar 2025, 7:56PM Intimation regarding issuance of Commercial Papers
  • Torrent Pharmac - Credit Rating

    19 Mar 2025, 7:56PM Torrent Pharmaceuticals Limited has informed the Exchange about Credit Rating
  • Torrent Pharmac - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    27 Feb 2025, 6:14PM Torrent Pharmaceuticals Limited has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Tran
  • Torrent Pharmac - Announcement under Regulation 30 (LODR)-Change in Management

    27 Feb 2025, 6:07PM Intimation under Regulation 30 of SEBI LODR - Change in Senior Management Personnel (SMP)
  • Torrent Pharmac - Resignation

    27 Feb 2025, 6:04PM Torrent Pharmaceuticals Limited has informed the Exchange regarding Resignation of Pranav Mehta as Other of the company w.e.f. February 26, 2025.
  • Torrent Pharmac - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    21 Feb 2025, 12:27PM Intimation of Schedule of Investors Meet under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Torrent Pharmac - Analysts/Institutional Investor Meet/Con. Call Updates

    21 Feb 2025, 12:27PM Torrent Pharmaceuticals Limited has informed the Exchange about Schedule of meet
  • Torrent Pharmac - Action(s) initiated or orders passed

    17 Feb 2025, 7:54PM Torrent Pharmaceuticals Limited has informed the Exchange about Action(s) initiated or orders passed
  • Torrent Pharmac - Analysts/Institutional Investor Meet/Con. Call Updates

    14 Feb 2025, 4:10PM Torrent Pharmaceuticals Limited has informed the Exchange about Investor s meet to be held on 19-Feb-25.
  • Torrent Pharmac - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    14 Feb 2025, 4:02PM Intimation of Schedule of Investors Meet under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Torrent Pharmac - Analysts/Institutional Investor Meet/Con. Call Updates

    8 Feb 2025, 9:11PM Torrent Pharmaceuticals Limited has informed the Exchange about Schedule of meet
  • Torrent Pharmac - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    8 Feb 2025, 9:06PM Intimation of Schedule of Investors Meet under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015\r\n
  • Torrent Pharmac - Analysts/Institutional Investor Meet/Con. Call Updates

    7 Feb 2025, 8:12PM Torrent Pharmaceuticals Limited has informed the Exchange about Schedule of meet
  • Torrent Pharmac - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    31 Jan 2025, 12:22PM Transcript of conference call with Analysts / Investors on Financial Results for the quarter and nine months ended 31st December, 2024
  • Torrent Pharmac - Analysts/Institutional Investor Meet/Con. Call Updates

    31 Jan 2025, 12:22PM Torrent Pharmaceuticals Limited has informed the Exchange about Transcript
  • Stock Update: Torrent Pharmaceuticals Ltd Q2FY2025 Results Review

    28 Oct 2024 , 10:53AM Stock Update: Torrent Pharmaceuticals Ltd Q2FY2025 Results Review: Good quarter led by growth across geographies
  • Torrent Pharma inks licensing agreement with Takeda

    6 Jun 2024 , 1:23PM Torrent Pharmaceuticals enters into non-exclusive patent licensing agreement with Takeda
  • Torrent Pharmaceuticals

    6 Jun 2024 , 10:02AM Torrent Pharmaceuticals Limited (Torrent) today announced that it has entered into a non-exclusive patent licensing agreement with Takeda to commercialize Vonoprazan in India. Vonoprozan is a novel potassium-competitive acid blocker (P-CAB), used for the treatment of acid related disorders - Gastroesophageal Reflux Disease (GERD). Torrent will market Vonoprazan under its own trademark, Kabvie. As per a 2019 study published by Indian Journal of Gastroenterology prevalence of GERD in Indian population is around 8.2%, with a higher prevalence of around 11.1% in urban population. According to AWACS MAT April 2024 data, the Indian market for treatments used in GERD is valued at INR 8,064 crore, growing at 8% CAGR over the last 4 years. Currently treatments such as Pantoprazole (Proton Pump Inhibitors) are used to treat GERD. Availability of P-CABs such as Kabvie will make accessible new and effective treatments of GERD for the Indian population. Positive
  • Stock Update: Torrent Pharma

    8 Jan 2024 , 10:25AM Stock Update: Torrent Pharma : On an improved growth trajectory; Upgrade Buy
  • Torrent Pharmaceuticals

    5 Jan 2024 , 11:09AM Torrent Pharma - the Company has incorporated WOS namely Farmacéutica Torrent Colombia SAS on 3rd January, 2024 in Colombia. Torrent Colombia is a related party of the Company post its incorporation. Torrent Colombia is incorporated with the object of providing business support to the Company in the relevant jurisdiction. (Positive)
  • Torrent Pharma

    18 Sep 2023 , 10:41AM As per media reports, the company is in advanced talks with CVC Capital Partners to form consortium and raise $1.2-$1.5bn. The company eyes $750mn-$2.25bn from private equity players, including Bain, $3.8bn is expected to be raised from foreign banks, while Brookfield is tapped for $1.2bn structured debt.
  • Torrent Pharma

    1 Sep 2023 , 10:58AM According to media reports, Torrent Pharma has submitted a non-binding bid to acquire promoters stake (Hamied family holds 33.7% stake) in Cipla. Torrent Pharma is in talks with three to four private equity companies and foreign institutions to generate ~Rs8000-8500crore funding for stake buy in Cipla.
  • Torrent Pharmaceuticals

    24 Aug 2023 , 10:33AM US FDA Classifies Dahej Unit As Voluntary Action Indicated (VAI) Vs (Official Action Indicated) OAI Earlier. Dahej unit was inspected in May,2023 with 2 observations. Negative for Torrent Pharma
  • Torrent Pharmaceuticals

    23 Aug 2023 , 10:37AM According to media reports Torrent Pharma has joined the fray to buy out the Hamied family stake of 33.5% in Cipla, a company that is more than double (2.3x) its FY23 consolidated revenues, and 2.3x its profits and 1.46x its present market value. Hamied family’s stake is valued at Rs 33000crore.
  • Torrent Pharmaceuticals

    16 Jun 2023 , 10:24AM Torrent Pharma has received EIR for its Bileshwarpura, Gujarat based oral oncology plant
  • Torrent Pharma

    25 Apr 2023 , 10:52AM Torrent Pharma has announced redemption of another NCD of Rs. 145 Cr. This improves its debt to equity to 0.61x vs. 0.68x it was as of FY22. Positive for the stock.
  • Torrent Pharma

    24 Apr 2023 , 10:19AM Torrent Pharma has repaid non-convertible debentures of Rs. 200 Cr in full, on Friday. Marginally positive as it reduces the debt to equity marginally from 0.68x to 0.65x.
  • Torrent Pharma

    20 Mar 2023 , 11:16AM Torrent Pharma announced that the USFDA concluded Pre-Approval Inspection (PAI) at its oral oncology manufacturing facility at Bileshwarpura, Gujarat during Mar 13 – Mar 17 and has been issued with Form 483 with 1 observation, which the company states is procedural in nature.
  • Stock Update: Torrent Pharma

    17 Mar 2023 , 12:07PM Stock Update: Torrent Pharma – Sales ahead of market trend.; Maintain Buy
  • Torrent Pharmaceuticals

    15 Feb 2023 , 9:48AM Torrent Pharmaceuticals said it has forayed into the OTC segment in India with Shelcal 500, a calcium supplement brand. With its composition of 500mg Calcium and 250 IU of Vitamin D3, Shelcal 500 helps optimise calcium absorption, increases bone density, improves muscle strength and helps boost immunity. The management believes that with Shelcal's entry into OTC, the brand is poised to become the largest calcium supplement brand in India. Positive read through for the stock.
  • Torrent Pharmaceuicals

    24 Jan 2023 , 1:41PM Torrent Pharma has received form 483 with 3 observations from the USFDA, determining the inspection classified as “Official Action Indicated” for its Indrad, Gujarat facility. This classification is not likely to have any impact on existing supplies or revenue from the facility. Neutral read through for the stock.
  • Torrent Pharmaceuticals

    24 Jan 2023 , 11:13AM Torrent Pharma has received form 483 with 3 observations from the USFDA, determining the inspection classified as “Official Action Indicated” for its Indrad, Gujarat facility. This classification is not likely to have any impact on existing supplies or revenue from the facility. Neutral read through for the stock.
  • Torrent Pharma

    15 Dec 2022 , 2:54PM Torrent Pharma: Company has partially repaid Rs. 142.86 cr of its NCDs totalling Rs. 1,000 Cr. Our view: Neutral to marginally positive as it has a negligible impact on the debt-to-equity ratio of the company.
  • Torrent Pharma Q2FY23 (Consolidated) results

    25 Oct 2022 , 10:56AM Torrent Pharma Q2FY23 (Consolidated) results – Soft Q2; outlook improves for H2
  • Stock Update: Torrent Pharma

    29 Sep 2022 , 12:05PM Stock Update: Torrent Pharma - Curatio a strategic fit; earnings dilutive in near term
  • Torrent Pharmaceuticals

    29 Sep 2022 , 11:09AM The USFDA inspected the company’s manufacturing facility at Indrad, Gujarat from 19-Sep-22 to 28-Sep-22. At the end of the inspection, it has been issued a 'Form 483' with 3 observations. None of these observations were related to data integrity. Torrent Pharma will respond to the USFDA within stipulated timeline and work closely with USFDA to address the observations at the earliest – sentimentally Positive for the stock.
  • Torrent Pharmaceutical

    28 Sep 2022 , 10:32AM The company acquires 100% stake in Curatio – a strategic fit but earnings dilutive in the near term Torrent Pharma has entered into definitive agreements to acquire 100% stake in Curatio Health Care (I) Private Limited (Curatio), a dermatology company with a strong focus on cosmetic dermatology. It has a strong presence in the cosmetic dermatology segment with a portfolio of over 50 brands, marketed in India. Curatio’s portfolio consists of leading brands such as Tedibar, Atogla, Spoo, B4 Nappi, and Permite, which are ranked amongst top 5 brands in their covered market. The company had revenues of Rs224crore in FY2022 (grew at CAGR of 13% over FY2020-22) and is expected to cross revenues of Rs275crore in FY2023. Dermatology accounts for 82% of Curatio’s revenue. However EBIDTA margins are lower compared to Torrent Pharma’s base margins of ~30%. Purchase consideration Rs. 2,000 crores. The consideration includes Rs. 115 crores (on the date of signing) of cash and cash equivalents in the acquired business indicating an Enterprise Value of Rs. 1,885 crores. Torrent has cash and cash equivalent of Rs400crore on its books. Acquisition will be funded through mix of debt and cash. The company has likely to take a debt of Rs1400-1500crore to fund acquisition at average cost of debt of 7-7.5%. The deal is valued at 6.9x its FY2023E EV/Sales, which is considered expensive
  • Torrent Pharma to acquire Curatio Healthcare

    28 Sep 2022 , 10:18AM Torrent Pharmaceuticals to acquire 100% of Curatio Healthcare for Rs. 2,000 crore
  • Torrent Pharmaceuticals

    26 Aug 2022 , 11:32AM ICRA Limited has upgraded the long term credit rating of banking facilities and non-convertible debentures of the Company to 'ICRA AA+/Stable' from 'ICRA AA/Positive'. And has reaffirmed its rating on commercial paper programme at ICRA Al+. The upgrade in the long-term rating factors in strong business position and performance in key markets, India, Brazil and ROW, offsetting some moderation in performance USA and Germany in FY2022 and Q1 FY2023. This coupled with the scheduled repayment of debt has strengthened the balance sheet. Positive
  • Torrent Pharma

    25 Aug 2022 , 10:12AM As per media reports, Torrent pharma is looking to acquire Curatio Healthcare, which is a manufacturer of skin care products, for an valuation of Rs 2100 cr. The transaction if through, would mark the exit of existing investors - ChrysCapital (holds a 20% stake) and Sequoia Capital (33% stake). Along with the investors, the promoters and the management will also be exiting the company. The deal is expected to be signed over the next two weeks.
  • Torrent Pharma

    21 Jul 2022 , 2:41PM The company is planning a foray in the diagnostics space likely over the next 2-3 months time and the move is in line with the groups strategy of diversification. Till date the company has not made any investments in the Torrent Diagnostics Private Limited. The plans to foray in the diagnostics Space would enable the company to diversify its revenue base and also provides a new revenue generation stream, but we await further clarity from the company on this.
  • Torrent Pharma

    21 Jul 2022 , 2:37PM Torrent Pharma: Has issued a clarification on its diagnostics space entry mentioning that the company has not made any investments in Torrent Diagnostics, which is company is formed under torrent Investment Private limited which is a promoter owned entity. We further await updates from the company on this front
  • Stock Update - Annual report review – Torrent Pharmaceuticals Limited

    19 Jul 2022 , 10:44AM Stock Update - Annual report review – Torrent Pharmaceuticals Limited: Emphasis on achieving sustainable growth across geographies
  • Torrent Pharma

    30 Jun 2022 , 2:38PM Torrent Pharma: The company has fixed 11th July 2022 as the record date for the issue of bonus shares (ratio 1:1) which it had announced in Q4FY22 concall
  • Torrent Pharmaceuticals

    23 May 2022 , 10:48AM Torrent Pharma: The board meeting of the company is scheduled on 25th May 2022 and would also consider a bonus issue. Positive read thru
  • Aurobindo, Torrent Pharmaceuticals, Granules

    21 Mar 2022 , 10:48AM Aurobindo, Torrent Pharmaceuticals, Granules: has signed a sub licensing agreement with Medicines Patent Pool (MPP), for a generic version of Pfizer’s Covid19 oral treatment “nirmatrelvir” to manufacture and supply the generic drug to 95 countries including India. Nirmatrelvir, (generic version of Pfizers Paxlovid) in combination with ritonavir co-pack has received emergency use/conditional authorization for Covid-19 treatment in certain populations by USFDA, the UKMHRA. The agreement with Granules, also involves manufacturing the API as well as finished products in tablet form. Through the MPP tie up, the companies would be able to tap the Low and middle income countries, which still offer a sizeable opportunity for Covid hence the signing of the agreement is Positive
  • Torrent Pharma launches Molnupiravir under the brand name Molnutor in India

    28 Dec 2021 , 3:04PM Torrent Pharma gets EUA nod from DCGI for Molnupiravir for COVID Patients in India
  • Torrent Pharma

    21 Dec 2021 , 1:42PM The company has issued a corporate guarantee to MUFG Bank for an amount of up to $80 mn towards credit facility availed / to be availed by its wholly owned subsidiary Torrent Pharma Inc USA. The corporate guarantee issued would be treated as a contingent liability on the books of the company. We currently have a Buy recommendation on the stock.
  • Torrent Pharma

    16 Dec 2021 , 2:39PM Torrent Pharma: The USFDA has inspected the company’s Levit-town (US) plant in between 6th December 2021 to 15th December 2021. The inspection has ended with no Form 483 being issued by the USFDA. This is positive and could enable Torrent Pharma to launch new products filled from the site / file new products from the site.
  • USFDA concludes inspection at Torrent Pharma Pennsylvania unit

    16 Dec 2021 , 11:00AM USFDA inspection at Torrent's manufacturing facility at Levittown, Pennsylvania, USA
  • Torrent Pharmaceuticals

    14 Dec 2021 , 11:05AM Has redeemed Secured redeemable non-convertible debentures amounting to Rs 150 cr out of the total Non convertible debentures of Rs 500 crore. Positive read thru
  • Stock Update – Torrent Pharma

    10 Dec 2021 , 10:48AM Stock Update – Torrent Pharma: India, Brazil to be the key growth drivers
  • Stock Update – Torrent Pharma

    10 Dec 2021 , 10:45AM Stock Update – Torrent Pharma: India, Brazil to be the key growth drivers
  • Torrent Pharmaceuticals Limited Q1FY22 Results Update

    28 Jul 2021 , 11:08AM Torrent Pharmaceuticals Limited Q1FY22 Results Update: Steady Q1; healthy growth outlook
  • Torrent Pharmaceuticals, Sun Pharma, Cipla, Cadila, Abbott

    6 Jul 2021 , 9:42AM The National Pharmaceuctical pricing Authority (NPPA) has granted a rare exemption to Torrent Pharmaceuticals’ tapendatol nasal spray from price caps, and approved a one-time price hike of 50% from the ceiling for key drugs carbamazepine, ranitidine and ibuprofen. The upward revision in pricing cap for the nasal spray (used for pain relief) is applicable when a new drug developed through a unique, indigenous process, is patented and not produced elsewhere. The regulator has also given its nod to a one-time price hike for carbamazepine (used for treatment of stomach ulcers), ibuprofen (used to relieving pain) and ranitidine (is an antacid). The price hikes are approved on the back of increase in cost of production and exchange rates that made sustainable production and marketing of the drugs unviable, hence positive.
  • Torrent Pharmaceuticals

    14 Jun 2021 , 1:39PM Torrent Pharma: The company has issued commercial papers amounting to Rs 100 crore on 15th December 2020 and the same has now been redeemed on 11th June 2021, which was the maturity date.
  • Torrent Pharmaceuticals

    14 May 2021 , 9:38AM Torrent Pharma: has signed a royalty-free, limited, non-exclusive voluntary licensing agreement with Eli Lilly for manufacturing and selling of Eli Lilly’s drug Baricitinib in India. Barcitinib has received permission from Central Drugs Standard Control Organization for restricted emergency use in combination with Remdesivir for the treatment of suspect or laboratory-confirmed COVID-19 in hospitalized adults requiring supplemental oxygen, invasive mechanical ventilation, or extracorporeal membrane oxygenation. With the surge in Covid cases in India, the demand for Barcitinib is expected to be higher, hence the licensing agreement is positive
  • Torrent Pharma

    7 May 2021 , 12:01PM India Ratings and Research has reaffirmed Torrent’s long term issuer ratings for term loan and NCDs at IND AA while it has revised upwards the outlook from Stable to Positive. The revision in outlook comes on the back of Torrents outperformance versus the IPM growth due to higher presence in the Chronic and sub chronic therapies, improving growth visibility in the key markets of the US, Germany and Brazil and improvements in financial performance.
  • Torrent Pharma repays NCDs of Rs. 166.7 crore

    30 Dec 2020 , 11:51AM FY20 debt stood at Rs. 6,231 crore
  • Torrent Pharmaceuticals

    17 Dec 2020 , 10:10AM Torrent Pharma: Has issued Commercial Papers for an amount of Rs 100 crore with a 4% per annum coupon rate for a tenure of 178 days.
  • Torrent Pharmaceuticals

    10 Dec 2020 , 12:50PM Is voluntarily recalling one lot of Anagrelide Capsules, USP to the consumer level due to dissolution test failure detected during routine quality testing, in the US markets. Anagrelide is used to treat a blood cell disorder called thrombocythemia (also called thrombocytosis). Being a voluntary recall it is unlikely to have any material impact on the financial performance of the company.
  • Torrent Pharmaceuticals

    10 Dec 2020 , 12:48PM With respect to the RS 200 crore commercial paper programme, ICRA has , after due consideration of the latest developments in the has removed the ratings from ratings watch with negative implications and reaffirmed its ratings of “[ICRA] A1+”. The removal from the watch list with negative implications is positive for Torrent Pharmaceutical.
  • Torrent Pharmaceuticals Limited: Q2FY2021 Result review

    27 Oct 2020 , 10:56AM Torrent Pharmaceuticals Limited: Q2FY2021 Result review - Mixed quarter; concerns yet to abate
  • Stock in news: Torrent Pharmaceuticals

    30 Sep 2020 , 12:20PM Torrent Pharmaceuticals rises over 4% to Rs. 2,835.3, in trade today
  • Torrent Pharmaceuticals

    31 Jul 2020 , 10:15AM Torrent Pharmaceuticals Limited: Q1FY21 Result Update - Strong quarter; concerns yet to abate
  • Torrent Pharmaceuticals

    17 Jul 2020 , 10:57AM Gets USFDA Approval for combination drug - Nystatin, Triamcinolone Acetonide cream. The combination drug is used to treat antifungal infections. The approval is positive as this would add to the US business growth.
  • Torrent Pharmaceuticals

    9 Jul 2020 , 9:42AM Gets USFDA approval for Erythromycin. The drug is an anti bacterial drug. The approval is positive as it could help drive the US business.
  • Torrent Pharmaceuticals

    27 May 2020 , 12:04PM Torrent Pharmaceuticals: Q4FY2020 Result Update – USFDA overhang to stay
  • Torrent Pharmaceuticals

    15 May 2020 , 9:19AM The company has issued Non-Convertible Debentures worth RS 200 cr on a private placement basis
  • Torrent Pharmaceuticals

    27 Apr 2020 , 10:59AM Has raised funds through issue of NCD’s amounting to Rs 195 cr carrying an interest rate of 7.7% for a tenure of 3 years.
  • Torrent Pharmaceuticals

    27 Apr 2020 , 10:34AM Has raised funds through issue of NCD’s amounting to Rs 195 cr carrying an interest rate of 7.7% for a tenure of 3 years.
  • Torrent Pharmaceuticals

    23 Apr 2020 , 10:50AM Ratings agency, India Ratings has affirmed the company's term loans and NCDs rating at “AA/Stable”.
  • Torrent Pharma

    25 Mar 2020 , 11:06AM The company has fully redeemed Secured Redeemable Non-Convertible Debentures of Rs 240 cr. This is unlikely to bring down the debt of the company, which stood at Rs 6385 cr as of FY2019.
  • Torrent Pharma declares special dividend

    12 Mar 2020 , 10:41AM Board approves interim dividend on March 12, 2020
  • Torrent Pharmaceuticals

    9 Mar 2020 , 11:19AM The Company has received shareholder’s approval for issuance of Equity Shares including Convertible Bonds / Debentures through Qualified Institutional Placement and / or Depository Receipts or any other modes for an amount not exceeding Rs 5,000 crore.
  • Torrent Pharmaceuticals: Q3FY2020 result Update

    28 Jan 2020 , 10:56AM Torrent Pharmaceuticals: Q3FY2020 result Update - USFDA woes to remain an overhang
  • Torrent Pharma to consider fund raising on Jan 27

    16 Jan 2020 , 12:44PM Board to consider Q3 results, Interim Dividend on Jan 27, 2020
  • Torrent Pharma

    30 Dec 2019 , 10:32AM The company has redeemed and repaid Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 166.65 crores as of 27 December 2019. As of quarter ending 30th September 2019, the company’s debt stood at Rs 4309 cr. Positive read thru
  • Torrent Pharma

    16 Dec 2019 , 12:24PM The company has repaid secured redeemable NCD’s worth Rs 242 crs on 13 Dec 2019. As on 30 September 2019, Torrent Pharma’s debt (both short term and long term) stood at Rs 4309 crs. Repayment of debt would enable the company to reduce interest cost. Positive read thru
  • Torrent Pharmaceuticals

    25 Nov 2019 , 1:16PM As per media news, the US FDA Has issues a warning letter issued to Torrent Pharma’s company’s Levittown (Pennsylvania) based manufacturing facility for significant violations of current good manufacturing practice (CGMP) regulations for finished pharmaceuticals. The USFDA inspected the plant from March 11 to April 9 this year. Negative read thru
  • Torrent Pharmaceuticals

    30 Oct 2019 , 10:54AM Torrent Pharma: As per media news, the company has received an approval from the US-FDA for Clobetasol Propionate, which is a topical steroid used to treat inflammation & swelling caused by skin conditions like eczema, psoriasis, dermatitis, allergies. Positive read thru
  • Torrent Pharma

    18 Oct 2019 , 11:25AM The US FDA has red flagged the company’s Indrad Facility (Gujarat), which was inspected between April 8-16, 2019. As per media news USFDA also cited a similar CGMP observation for inadequate investigations at the company's Dahej facility at an inspection during March 11-19, 2019. Further US FDA stated that repeated failures at multiple sites demonstrate that executive management oversight and control over the manufacture of drugs is inadequate and that it may withhold application of new drugs / supplements. Also Failure to correct these violations may also result in the FDA refusing admission of articles manufactured at the Indrad plant into the US. Negative
  • Torrent Pharma

    14 Oct 2019 , 10:52AM Torrent Pharma: Recalls 74k bottles of hypertension drug from US – Negative read thru.
  • Torrent Pharma

    10 Oct 2019 , 10:56AM Torrent Pharma: Company received a warning letter (WL) from the USFDA for its Indrad facility, barring fresh approvals from its largest unit - Negative; WL follows August’s “official action indicated” by the USFDA.
  • Torrent Pharma gets warning letter from USFDA for Gujarat facility

    10 Oct 2019 , 10:50AM Torrent Pharma receives warning letter from USFDA for Indrad facility in Gujarat
  • Torrent Pharma: Operating performance better than expectation

    24 Jul 2019 , 12:05PM Torrent Pharma: Operating performance better than expectation; USFDA woes to remain an overhang in the near term
  • Torrent Pharma: USFDA woes continue to remain an overhang in the near term

    19 Jul 2019 , 10:56AM Torrent Pharma receives Form 483 with five observations
  • USFDA classifies the inspection conducted at Torrent Pharma’s Dahej facility

    18 Jul 2019 , 10:48AM Torrent Pharma: USFDA classifies the inspection conducted at Torrent Pharma’s Dahej facility in March, 2019 as Official Action Initiated (OAI) – Negative; Dahej plant is new and contributes ~25% to US sales, but is an important plant as several new product filings are done from this unit. 75% of Torrent Pharma’s US revenue comes from its Indrad, Gujarat facility.
  • Torrent Pharma redeems NCDs worth Rs. 83 crore on June 24

    25 Jun 2019 , 1:14PM Redemption of non-convertible debentures
  • Torrent Pharma reports weak numbers

    21 May 2019 , 11:30AM Torrent Pharma reports weak numbers (even after adjusting for exceptional items); reports loss for quarter on account of exceptional item of Rs 357 crore.
  • USFDA issues Form 483 with 5 obs for Dahej unit

    8 Apr 2019 , 10:45AM Torrent Pharma: USFDA has issued Form 483 with 5 obs for Dahej unit (shared on FNA on Friday – 05 April,2019); company clarifies that observations are procedural in nature and are confident of addressing them satisfactorily – Positive; We have a buy reco on the stock with TP of Rs 2115 and it is one of the preferred pick in the sector.
  • Torrent Pharmaceuticals

    31 Jan 2019 , 9:24AM Torrent Pharma (Q3) Revenue up 40% at Rs 2,051 crore. Net profit up 4.2 times at Rs 246 crore. Ebitda up 56% at Rs 561 crore. Margin at 27.3% versus 24.5%. Declares dividend of Rs 13 per share.
  • Torrent Pharma voluntarily recalls Losartan Potassium tablets

    25 Jan 2019 , 10:43AM Torrent Pharma: As per media news, Torrent Pharma is voluntarily recalling Losartan Potassium tablets USP; Recall is due to trace amounts of carcinogenic NDEA or N-nitrosodiethylamine, API supplied by Hetero labs – Negative read thru.
  • Torrent Pharma Q2FY2019 numbers in line with expectation

    5 Nov 2018 , 10:46AM Sales for the quarter grew by 32.5% to Rs. 1894 crore, driven by strong growth across all geographies Operating profit grew by 43.8% to Rs. 473 crore, translating into OPM of 25%, 195 BPS improvement Adjusted profit declined by 12.3% to Rs. 179 crore, mainly due to Depreciation and amortization cost higher by Rs. 68 crores on account of acquired business & Onetime impact of product recall in US of Rs. 25 crores.
  • Torrent Pharma gets tentative approval from USFDA

    11 Sep 2018 , 10:31AM Torrent Pharma gets tentative approval from USFDA for Lurasidone Hydrochloride (used to treat schizophrenia, bipolar disease) – Positive read thru
  • Torrent Pharma : Unichem integration

    29 Aug 2018 , 12:06PM Torrent Pharma : Unichem integration, cost-control initiatives key drivers; Maintain Buy
  • Torrent Pharma recalls 14 lots of blood pressure drug in US

    21 Aug 2018 , 10:47AM Torrent Pharma recalls 16 lots of Valsartan tablets, as the API is sourced from Chinese company Zhejiang Huahai Pharmaceutical (the company whose Valsartan API contains carcinogenic material) – Sentimentally negative
  • Torrent Pharma holds on its growth path

    31 May 2018 , 10:57AM We maintain our Hold rating with unchanged price target of Rs. 1,480 (valuing the stock at 17x its FY2020E estimates).
  • Torrent Pharma to raise Rs 1500 cr

    14 Mar 2018 , 10:26AM Stock to remain in focus as Torrent Pharma likely to raise Rs 1500 crore for binding bid (of ~Rs 16000 crore) for Sanofi’s generics unit Zentiva.
  • Torrent Pharma acquires US based Bio-pharm Inc

    19 Jan 2018 , 9:17AM Positive read through for Torrent Pharma as it acquires US based Bio-pharm Inc, a generic pharmaceutical and OTC company
  • Unichem sells its domestic formulation business to Torrent Pharma

    15 Dec 2017 , 10:10AM Though the deal is a strategic fit, it will weaken core earnings for short term.
  • Torrent Pharmaceuticals’ numbers below our expectations

    7 Nov 2017 , 2:29PM Torrent Pharma: Unichem deal strategic fit and helps reduce dependence on US; upgrade to ‘hold’.
  • Torrent's sales numbers below expectation

    6 Nov 2017 , 10:28AM Torrent's sales for the quarter were flat at Rs 1429 crore. (Previous period include exceptional sales from gAbilify, which had limited competition).
  • Torrent Pharma acquires Unichem Labs' domestic branded business

    6 Nov 2017 , 8:46AM Torrent Pharma acquires Unichem Laboratories domestic branded business (Rs 841.5 crore sales in FY2017) along with a manufacturing facility in Sikkim and ~ 3000 employees for a consideration of Rs 3600 crore (4.3x sales).
  • Torrent pharma eyes Unichem lab's domestic business

    3 Nov 2017 , 8:55AM Both Torrent pharma and Unichem lab's stocks to remain in focus.
  • Torrent pharma eyes Unichem labs' domestic business

    30 Oct 2017 , 10:18AM Torrent pharma and Unichem labs' stocks to remain in focus.
  • USFDA classifies Torrent Pharma's Indrad facility as VAI

    12 Sep 2017 , 12:33PM As per media reports, Torrent Pharma's Indrad facility is classified as VAI (Voluntary Action Indicated) by the USFDA (No escalation to Warning letter or Import alert is the respite) – Stock to remain in focus.

Key fundamentals

Evaluate the intrinsic value of Torrent Pharmaceuticals Ltd stock 

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Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
31 Jan 2025 26 520 0.86 3252.4
21 Jun 2024 6 120 0.86 2612.55
12 Feb 2024 22 440 0.86 2468.75
03 Feb 2023 14 280 0.86 1546.5
03 Jun 2022 15 300 0.86 2900.95
03 Jun 2022 8 160 0.86 2634.8
02 Feb 2022 25 500 0.86 3144.35
17 Jun 2021 15 300 0.86 2723.7
15 Feb 2021 20 400 0.86 2645.1
18 Mar 2020 15 300 0.86 2213.95
18 Mar 2020 17 340 0.86 2183.15
03 Feb 2020 0 0 0.86 1898.2
13 Jun 2019 4 80 0.86 1654.4
06 Feb 2019 13 260 0.86 1885.7
18 Jun 2018 5 100 0.86 1339.2
15 Feb 2018 9 180 0.86 1451.35
19 Jun 2017 4 80 0.86 1219.85
10 Feb 2017 10 200 0.86 1307.2
16 Mar 2016 15 300 0.86 1316
11 Feb 2016 20 400 0.86 1399.9
15 Jun 2015 6.25 125 0.86 1257.55
02 Feb 2015 5 100 0.86 1116.05
16 Jun 2014 5 100 0.86 643.75
24 Jan 2014 5 100 0.86 469.45
10 Jun 2013 17 340 0.86 788.15
01 Feb 2013 6 120 0.86 731.4
27 Jan 2012 6 120 0.86 552.1
06 Jun 2011 8 160 0.86 632.85
04 Jun 2010 6 120 0.86 520.55
08 Jun 2009 4 80 0.86 149.5
19 Jun 2008 3.5 70 0.86 167.5
23 Mar 2007 3 60 0.86 196.7
15 Jun 2006 2.5 50 0.86 235.55
09 Jun 2005 8 80 0.86 470.45
17 Jun 2004 8 80 0.86 351.5
10 Jun 2003 8 80 0.86 168
05 Jun 2002 0 80 0.86 234.3
0 0 0.86 250.65
28 May 2001 0 75 0.86 105.95
0 60 0.86 80

Peers

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Vaishali Pharma Ltd 13.72 -4.32 457.33 3468.68 2.76 0.00
Astec Lifesciences Ltd 709.65 -3.97 0.00 6345.41 -687.11 0.00

Company Info

1972 - The Company was incorporated on 15th July, as a Private Limited Company by Shri Rajnikant C. Patel and his family members, and in June 1982, the company was acquired by Shri Uttamlal N. Mehta. - The Company is primarily engaged in the manufacture of various Pharmaceuticals formulations and bulk drugs. The products of the Company enjoy good reputation and are well accepted in the market. - The Company has taken up manufacture of bulk drugs as a strategic value added backward integration to its formulation activities. 1989 - On 28th June the Company became a deemed Public Company under the provisions of Section 43-A of the Act and by a Special Resolution passed on 25th July, 1992 at the Annual General Meeting, the Company became a Public Limited Company within the meaning of Section 3(1)(iv) of the act and adopted a new set of articles. 1992 - Torrent Laboratories Limited, was amalgamated with the Company with effect from 1st April by an order of the Honourable High Court of Gujarat, dated 22nd December. - The Company proposes to undertake an expansion-cum modernisation of its existing facilities, setting up facilities for manufacture of new products apart from setting up a separate in-house Research & Development Centre. - The Company further broad base its product range through in-house manufacture of Ranitidine HCL, Diltiazem, HCL and Atenolol with an installed capacity of 12 tpa each. - The company proposes to set-up in-house production facilities for Large Volume Parentrals with an installed capacity of 14.5 million bottles p.a. for better quality control and for diversifying the product range to include dextrose/saline injectibles and value added items like fluconazole infusion. 1993 - The Company proposes to modernize its present manufacturing facilities located at Vatva and Chhatral to conform to the GMP requirements as also to incorporate the latest technology available in the field. - During the year, Torrent Medi-Systems Limited (TMSL) was merged with the Company with effect from 1st April consequent to the scheme of amalgamation approved by the Honourable High Court of Gujarat. - The Company proposes to install 2 nos. 100 cfm air compressors to meet the additional requirement of compressed air. - The Company has issued 12,88,400 No. of Equity shares of Rs 10 each as fully paid bonus shares to the shareholders in the ratio of one share for every one share held by them on 7 August. - The Company has issued 1,25,49,056 No. of Equity shares of Rs 10 each as fully paid bonus Shares to the shareholders in the ratio of 487 shares for every 100 shares held by them on 12 November. 1994 - The Company issued 1,74,144 Equity Shares of Rs.10 each as fully paid up shares to the shareholders of TMSL after cancelling 9,300 Shares held by the Company in TMSL. - The Company was the first to launch ranitidine (Ranitin), nifedipine (Calcigard,) atenolol (Betacard), domperidone (Domstal), diltiazem (Dilzem), amiodorane (Cordarone), Lisinopril (Listril), etc. in the Indian market. - The Company is a leader in the Cardiovascular segment with a number of brand leaders in its product portfolio like Dilzem, Cordarone, Listril, etc. - Torrent occupies the third position in the industry in Gastro-Intestinal Drugs segment with well established products like Ranitin, Topcid, Domstal, Omizac, etc. - During the year the Company launched a number of new products like Zirtin, Tyklid, Flutamide and Topcef, all of which were well received in the market place. - The Company has created specialized `Disease Management Groups' top strengthen promotion of Psychotropic and Cardiovascular products. - During the year manufacturing of several other new bulk drugs was also undertaken like Norfloxacin, Ciprofloxacin, Ranitidine, Atenolol, Diltiazem, etc. - The Company is considering technical tie-ups with Indian and Foreign research institutes for new molecules in the chemical and biotechnology spheres and for pharmacological screening of new compounds. 1995 - During the year the Company launched a number of new products like Lomef (Lomefloxacin), Dilzem Inj. (Diltiazem), Depidol LA (Haliiperidiil Decanoate) Oncoden (Ondancetron), Nimotide (Nimodipne), Pefcin (Pefloxacin) which have gained wide acceptance in the pharmaceutical market. - The Company proposes to introduce OA/GYN and General Purpose Radiology with a new marketing tie-up with Dynamic Imaging of UK. - The Company proposes to launch new molecules to strengthen its product portfolio and to consolidate leadership in the relevant therapeutic segments. - The Company has entered into a strategic alliance with Pfizer Inc. USA the fourth largest pharmaceutical company in the world. 1996 - During the year, your company introduced six new drugs, Lozapin, a drug of therapeutic choice to treat resistant Schizophrenia, was made available for the first time in the country. All the six new drug introductions, comprising, Licab XL, IV Metro, Vasotrate, Clonotril and Teralfa were received enthusiastically by the medical fraternity. - During the year, it has also set up a state-of-the-art information management system. - The company introduced Lamitor (Lamotrigine) an advanced anti-epileptic, Serenata (Sertraline) - an anti-depressant - and Tozar (Losartan), an anti hypertensive under a new class of molecules called Angiotensin II inhibitors. It also launched Syscan (flucanozole) eye drops for the treatment of ophthalmic fungal infections. 1997 - The company has strategic alliances with world-renowned pharmaceutical giants like Sanofi, France, for cardio-vascular produces; and Novo Nordisk, Denmark, in the area of diabetic care. - Torrent has become one of the largest exporters of medical formulations from India, with sales in over 70 countries and a network of overseas marketing offices. - Torrent Pharmaceuticals Limited, a pharmaceutical company belonging to Torrent Group, has entered into an agreement with Sanofi Pharma of France, to launch a 50:50 joint venture company, Sanofi Torrent India to develop the Indian and global pharmaceutical industry. 1998 - Other new products introduced in the market include Normabrain 800 and Amlocar which have been well received by the medical fraternity. The company's drug Lozapin for the treatment of resistant schizophrenia also is amongst the first time launch in the country. - The Mehtas-controlled Torrent Pharmaceuticals Ltd is seeking tie-ups for molecular research in therapeutic segments such as anti-infectives, cardio-vascular and neuropsuchiatry. - The company has a tie-up with the Denmar-based Novo Nordisk to manufacture and market insulin and a venture with the French firm, Sanofi. 1999 - Among the new products launched recently included Nikoran IV for critical care in cardiology and a novel drug approved for launch in the anti-epileptic category. 2000 - Torrent Pharmaceuticals covers various therapeutic groups such as cardiovascular formulations, psychotropic formulations and gastro-intestinal drugs. Apart from this, the company has a marginal presence in the bulk drugs segment. It has tie-ups with various international majors. - The flagship company TPL has undertaken a major restructuring. exercise by creating three distinct divisions to give focus on mega brands, super speciality and sub-speciality products respectively. - The Company has launched a new product Eurepa (repaglinide) with a therapeutic profile suited to Indian type-II diabetic patients. 2001 - The Company has launched all over the country an oral anti impotence drug `Androz' (sidenafil nitrate). - The Company has launched De Platt (clopidogrel) the drug of choice for treating heart attack and stroke. 2002 -Torrent Pharmaceuticals has launched leflunomide - a new generation rheumatoid arthritis drug, at a big discount to its innovator, multinational Aventis Pharma. -Torrent Pharma's manufacturing facilities certified with ISO 14001:1996. -Torrent's R&D Centre received ISO/IEC 17025:1999 for its facilities by National Accreditation Board for Testing and Calibration Laboratories (NABL). 2003 -Torrent Pharma sets up a wholly owned subsidiaries in Germany and Brazil. -Torrent Pharma launches 'Aripiprazole' new antiseptic drug under the Brand name of Arip MT. -a) New API manufacturing plant for catering to regulated markets; (b) New formulations facilities at one or more locations for catering to regulated markets & meeting the anticipated growth in the domestic market. ii) Incorporate a wholly owned subsidiary in USA. -Torrent unveils COX 2 variants -IDMA Quality Excellence Award Gold Trophy for its formulations and API facilities. 2004 -Torrent Pharma launches Ecogat -Torrent Pharmaceuticals Ltd, in association with State Mental Health Authority, Health and family Welfare Department, launches 'Sanidhya - Torrent Medical Healthline' in Bhat near Gandhinagar in Gujarat -Torrent, the Indian pharmaceutical major, announced the launch of Rozucor - the New "Super Statin" in Karnataka. -Torrent Pharmaceuticals Limited (TPL) has signed a non-exclusive agreement with Dr. Reddy's Laboratories Limited (DRL) for licensing and supplying the formulation of one of Torrent's blockbuster drug 'Domstal O' in the Gastro Intestinal segment -Torrent Pharmaceuticals Ltd has launched Etoricoxib, the new generation anti-arthritic drug under the brand name Torcoxia -Launches Duloxetine, a new-age anti-depressant under the brand name `Symbal'. 2005 -Torrent Pharmaceuticals Ltd launches a new anti-epileptic drug Levetiracetam -Torrent acquires Pfizer generic subsidiary in Germany -Torrent Pharmaceuticals signs agreement with Novo Nordisk, Denmark to establish new, dedicated formulation and packaging facility for Insulin, exclusively for Novo Nordisk 2006 -Torrent Pharma Receives USFDA Approval -Torrent's Azuca launches 2 new blockbusters, Pregeb and Piopod -Entered into an in-licensing deal with Tasly of China to market its Cardiotonic pill in India -Torrent Pharmaceuticals Ltd has announced that the Company has launched Nexpro Fast (Immediate Release Esomeprazole), a Proton Pump Inhibitor (PPI), for the first time in India to treat peptic ulcers and GERD (Gastro Esophageal Reflux Disease). -The API and formulations manufacturing facilities located at Indrad (Gujarat, India) got US FDA approval -Torrent Pharma launches AzuCa, its super-specialty Diabetes division -Torrent Pharmaceuticals has given the Bonus in the Ratio of 1:1 -Company has splits its Face value of Shares from Rs 10 to Rs 5 2007 - Torrent unveils laxative in tablet form -Torrent Pharma launches CVpill, The world's first `polypill' in Cardiac care -Indians to get slimmer and fitter: Torrent Pharma launches Rimoslim; India's first Rimonabant -Torrent Pharma launches Fibotab; India's first bulk laxative in tablet form 2009 -Torrent's New Insulin Facility to produce 26 million vials pa for Novo Nordisk 2010 - The Board has recommended a dividend of Rs. 6.00 per equity share having face value of Rs. 5/- each. 2011 - Torrent Pharma gets US FDA approval for alfuzosin hydrochloride extended release tablets. - Board have recommended a normal annual dividend of Rs. 6 per equity share of Rs. 5/- each and a special dividend of Rs. 2.00 per equity share of Rs. 5/ each fully paid up. 2012 - The Board has appointed Haigreve khaitan as Additional Director. - The Board has recommended a final dividend of Rs. 2.50 per equity share. 2013 -Torrent has acquired Indian Branded Formulations Business of Elder. -Torrent has recommended to issue bonus shares in the ratio of 1: 1 i.e. one equity bonus share for each fully paid up equity share. 2014 -Torrent enters into exclusive licensing agreement with Reliance Life Sciences for 3 biosimilars. -Drug maker Torrent Pharma on Monday got an exemption from price control for one of its newly developed fixed dose combination (FDC) products. 2015 -Torrent Pharmaceuticals has completed acquision of Zyg Pharma Pvt Ltd. -Torrent Pharma has commenced commercial operations at its new plant in Dahej 2016 -Torrent Pharma launches Adalimumab biosimilar in India -Torrent Pharma's Dahej Plant receives EIR from US FDA -Torrent Pharma acquires Manufacturing Unit of Hyderabad based Glochem Industries Limited 2017 -Torrent Pharma acquires Brands from Novartis AG -"Torrent Pharma acquires Branded Formulation Business of India and Nepal of Unichem Laboratories Limited". -Torrent & Novo Nordisk India expand insulin manufacturing facility at Indrad. -Listed amongst top five 'Fastest Growing Companies (Middleweights Category)' by Business World Magazine. 2018 -Torrent Pharma acquires US-based Bio-Pharm Inc 2019 -Torrent Pharmac - Amendment to AOA/MOA - Torrent & Glenmark sign licensing agreement for co-marketing of Remogliflozin Etabonate in India -The Company has been informed that the name of Registrar & Share Transfer Agent (RTA) has been changed from KARVY FINTECH PRIVATE LIMITED to KFIN TECHNOLOGIES PRIVATE LIMITED with effect from 05th December, 2019. 2021 -Torrent Pharmac - USFDA Inspection At Torrent'S Manufacturing Facility At Levittown, -Torrent Pharma introduces MSD (a trade name of Merck & Co., Inc, Kenilworth, NJ, USA) and Ridgeback's molnupiravir under the brand name Molnutorr in India -Torrent Pharma Enters Into Voluntary Licensing Agreement with Lilly to manufacture and distribute Baricitinib for Covid-19 in India 2022 -Torrent Pharma acquire 100% stake in Curatio Health Care (I) Private Limited. - Torrent Pharma has recommended the issue of Bonus Shares in the ratio of 1:1.2023-Torrent Pharmaceuticals gets EIR from US FDA for Dahej facility.-Torrent and Zydus sign licensing agreement for co-marketing Saroglitazar Mg, a critical treatment for chronic liver diseases in India.  2023 -Torrent and Zydus sign licensing agreement for co-marketing Saroglitazar Mg, a critical treatment for chronic liver diseases in India. -Started construction of Virochannagar manufacturing facility. -Torrent Pharmaceuticals gets EIR from US FDA for Dahej facility. 2024 -Torrent Pharmaceuticals Enters into Non-Exclusive Patent Licensing Agreement with Takeda Pharmaceuticals to Commercialize its Novel Gastrointestinal Drug. -Commissioned a subsidiary in Colombia and Chile.

1972 - The Company was incorporated on 15th July, as a Private Limited Company by Shri Rajnikant C. Patel and his family members, and in June 1982, the company was acquired by Shri Uttamlal N. Mehta. - The Company is primarily engaged in the manufacture of various Pharmaceuticals formulations and bulk drugs. The products of the Company enjoy good reputation and are well accepted in the market. - The Company has taken up manufacture of bulk drugs as a strategic value added backward integration to its formulation activities. 1989 - On 28th June the Company became a deemed Public Company under the provisions of Section 43-A of the Act and by a Special Resolution passed on 25th July, 1992 at the Annual General Meeting, the Company became a Public Limited Company within the meaning of Section 3(1)(iv) of the act and adopted a new set of articles. 1992 - Torrent Laboratories Limited, was amalgamated with the Company with effect from 1st April by an order of the Honourable High Court of Gujarat, dated 22nd December. - The Company proposes to undertake an expansion-cum modernisation of its existing facilities, setting up facilities for manufacture of new products apart from setting up a separate in-house Research & Development Centre. - The Company further broad base its product range through in-house manufacture of Ranitidine HCL, Diltiazem, HCL and Atenolol with an installed capacity of 12 tpa each. - The company proposes to set-up in-house production facilities for Large Volume Parentrals with an installed capacity of 14.5 million bottles p.a. for better quality control and for diversifying the product range to include dextrose/saline injectibles and value added items like fluconazole infusion. 1993 - The Company proposes to modernize its present manufacturing facilities located at Vatva and Chhatral to conform to the GMP requirements as also to incorporate the latest technology available in the field. - During the year, Torrent Medi-Systems Limited (TMSL) was merged with the Company with effect from 1st April consequent to the scheme of amalgamation approved by the Honourable High Court of Gujarat. - The Company proposes to install 2 nos. 100 cfm air compressors to meet the additional requirement of compressed air. - The Company has issued 12,88,400 No. of Equity shares of Rs 10 each as fully paid bonus shares to the shareholders in the ratio of one share for every one share held by them on 7 August. - The Company has issued 1,25,49,056 No. of Equity shares of Rs 10 each as fully paid bonus Shares to the shareholders in the ratio of 487 shares for every 100 shares held by them on 12 November. 1994 - The Company issued 1,74,144 Equity Shares of Rs.10 each as fully paid up shares to the shareholders of TMSL after cancelling 9,300 Shares held by the Company in TMSL. - The Company was the first to launch ranitidine (Ranitin), nifedipine (Calcigard,) atenolol (Betacard), domperidone (Domstal), diltiazem (Dilzem), amiodorane (Cordarone), Lisinopril (Listril), etc. in the Indian market. - The Company is a leader in the Cardiovascular segment with a number of brand leaders in its product portfolio like Dilzem, Cordarone, Listril, etc. - Torrent occupies the third position in the industry in Gastro-Intestinal Drugs segment with well established products like Ranitin, Topcid, Domstal, Omizac, etc. - During the year the Company launched a number of new products like Zirtin, Tyklid, Flutamide and Topcef, all of which were well received in the market place. - The Company has created specialized `Disease Management Groups' top strengthen promotion of Psychotropic and Cardiovascular products. - During the year manufacturing of several other new bulk drugs was also undertaken like Norfloxacin, Ciprofloxacin, Ranitidine, Atenolol, Diltiazem, etc. - The Company is considering technical tie-ups with Indian and Foreign research institutes for new molecules in the chemical and biotechnology spheres and for pharmacological screening of new compounds. 1995 - During the year the Company launched a number of new products like Lomef (Lomefloxacin), Dilzem Inj. (Diltiazem), Depidol LA (Haliiperidiil Decanoate) Oncoden (Ondancetron), Nimotide (Nimodipne), Pefcin (Pefloxacin) which have gained wide acceptance in the pharmaceutical market. - The Company proposes to introduce OA/GYN and General Purpose Radiology with a new marketing tie-up with Dynamic Imaging of UK. - The Company proposes to launch new molecules to strengthen its product portfolio and to consolidate leadership in the relevant therapeutic segments. - The Company has entered into a strategic alliance with Pfizer Inc. USA the fourth largest pharmaceutical company in the world. 1996 - During the year, your company introduced six new drugs, Lozapin, a drug of therapeutic choice to treat resistant Schizophrenia, was made available for the first time in the country. All the six new drug introductions, comprising, Licab XL, IV Metro, Vasotrate, Clonotril and Teralfa were received enthusiastically by the medical fraternity. - During the year, it has also set up a state-of-the-art information management system. - The company introduced Lamitor (Lamotrigine) an advanced anti-epileptic, Serenata (Sertraline) - an anti-depressant - and Tozar (Losartan), an anti hypertensive under a new class of molecules called Angiotensin II inhibitors. It also launched Syscan (flucanozole) eye drops for the treatment of ophthalmic fungal infections. 1997 - The company has strategic alliances with world-renowned pharmaceutical giants like Sanofi, France, for cardio-vascular produces; and Novo Nordisk, Denmark, in the area of diabetic care. - Torrent has become one of the largest exporters of medical formulations from India, with sales in over 70 countries and a network of overseas marketing offices. - Torrent Pharmaceuticals Limited, a pharmaceutical company belonging to Torrent Group, has entered into an agreement with Sanofi Pharma of France, to launch a 50:50 joint venture company, Sanofi Torrent India to develop the Indian and global pharmaceutical industry. 1998 - Other new products introduced in the market include Normabrain 800 and Amlocar which have been well received by the medical fraternity. The company's drug Lozapin for the treatment of resistant schizophrenia also is amongst the first time launch in the country. - The Mehtas-controlled Torrent Pharmaceuticals Ltd is seeking tie-ups for molecular research in therapeutic segments such as anti-infectives, cardio-vascular and neuropsuchiatry. - The company has a tie-up with the Denmar-based Novo Nordisk to manufacture and market insulin and a venture with the French firm, Sanofi. 1999 - Among the new products launched recently included Nikoran IV for critical care in cardiology and a novel drug approved for launch in the anti-epileptic category. 2000 - Torrent Pharmaceuticals covers various therapeutic groups such as cardiovascular formulations, psychotropic formulations and gastro-intestinal drugs. Apart from this, the company has a marginal presence in the bulk drugs segment. It has tie-ups with various international majors. - The flagship company TPL has undertaken a major restructuring. exercise by creating three distinct divisions to give focus on mega brands, super speciality and sub-speciality products respectively. - The Company has launched a new product Eurepa (repaglinide) with a therapeutic profile suited to Indian type-II diabetic patients. 2001 - The Company has launched all over the country an oral anti impotence drug `Androz' (sidenafil nitrate). - The Company has launched De Platt (clopidogrel) the drug of choice for treating heart attack and stroke. 2002 -Torrent Pharmaceuticals has launched leflunomide - a new generation rheumatoid arthritis drug, at a big discount to its innovator, multinational Aventis Pharma. -Torrent Pharma's manufacturing facilities certified with ISO 14001:1996. -Torrent's R&D Centre received ISO/IEC 17025:1999 for its facilities by National Accreditation Board for Testing and Calibration Laboratories (NABL). 2003 -Torrent Pharma sets up a wholly owned subsidiaries in Germany and Brazil. -Torrent Pharma launches 'Aripiprazole' new antiseptic drug under the Brand name of Arip MT. -a) New API manufacturing plant for catering to regulated markets; (b) New formulations facilities at one or more locations for catering to regulated markets & meeting the anticipated growth in the domestic market. ii) Incorporate a wholly owned subsidiary in USA. -Torrent unveils COX 2 variants -IDMA Quality Excellence Award Gold Trophy for its formulations and API facilities. 2004 -Torrent Pharma launches Ecogat -Torrent Pharmaceuticals Ltd, in association with State Mental Health Authority, Health and family Welfare Department, launches 'Sanidhya - Torrent Medical Healthline' in Bhat near Gandhinagar in Gujarat -Torrent, the Indian pharmaceutical major, announced the launch of Rozucor - the New "Super Statin" in Karnataka. -Torrent Pharmaceuticals Limited (TPL) has signed a non-exclusive agreement with Dr. Reddy's Laboratories Limited (DRL) for licensing and supplying the formulation of one of Torrent's blockbuster drug 'Domstal O' in the Gastro Intestinal segment -Torrent Pharmaceuticals Ltd has launched Etoricoxib, the new generation anti-arthritic drug under the brand name Torcoxia -Launches Duloxetine, a new-age anti-depressant under the brand name `Symbal'. 2005 -Torrent Pharmaceuticals Ltd launches a new anti-epileptic drug Levetiracetam -Torrent acquires Pfizer generic subsidiary in Germany -Torrent Pharmaceuticals signs agreement with Novo Nordisk, Denmark to establish new, dedicated formulation and packaging facility for Insulin, exclusively for Novo Nordisk 2006 -Torrent Pharma Receives USFDA Approval -Torrent's Azuca launches 2 new blockbusters, Pregeb and Piopod -Entered into an in-licensing deal with Tasly of China to market its Cardiotonic pill in India -Torrent Pharmaceuticals Ltd has announced that the Company has launched Nexpro Fast (Immediate Release Esomeprazole), a Proton Pump Inhibitor (PPI), for the first time in India to treat peptic ulcers and GERD (Gastro Esophageal Reflux Disease). -The API and formulations manufacturing facilities located at Indrad (Gujarat, India) got US FDA approval -Torrent Pharma launches AzuCa, its super-specialty Diabetes division -Torrent Pharmaceuticals has given the Bonus in the Ratio of 1:1 -Company has splits its Face value of Shares from Rs 10 to Rs 5 2007 - Torrent unveils laxative in tablet form -Torrent Pharma launches CVpill, The world's first `polypill' in Cardiac care -Indians to get slimmer and fitter: Torrent Pharma launches Rimoslim; India's first Rimonabant -Torrent Pharma launches Fibotab; India's first bulk laxative in tablet form 2009 -Torrent's New Insulin Facility to produce 26 million vials pa for Novo Nordisk 2010 - The Board has recommended a dividend of Rs. 6.00 per equity share having face value of Rs. 5/- each. 2011 - Torrent Pharma gets US FDA approval for alfuzosin hydrochloride extended release tablets. - Board have recommended a normal annual dividend of Rs. 6 per equity share of Rs. 5/- each and a special dividend of Rs. 2.00 per equity share of Rs. 5/ each fully paid up. 2012 - The Board has appointed Haigreve khaitan as Additional Director. - The Board has recommended a final dividend of Rs. 2.50 per equity share. 2013 -Torrent has acquired Indian Branded Formulations Business of Elder. -Torrent has recommended to issue bonus shares in the ratio of 1: 1 i.e. one equity bonus share for each fully paid up equity share. 2014 -Torrent enters into exclusive licensing agreement with Reliance Life Sciences for 3 biosimilars. -Drug maker Torrent Pharma on Monday got an exemption from price control for one of its newly developed fixed dose combination (FDC) products. 2015 -Torrent Pharmaceuticals has completed acquision of Zyg Pharma Pvt Ltd. -Torrent Pharma has commenced commercial operations at its new plant in Dahej 2016 -Torrent Pharma launches Adalimumab biosimilar in India -Torrent Pharma's Dahej Plant receives EIR from US FDA -Torrent Pharma acquires Manufacturing Unit of Hyderabad based Glochem Industries Limited 2017 -Torrent Pharma acquires Brands from Novartis AG -"Torrent Pharma acquires Branded Formulation Business of India and Nepal of Unichem Laboratories Limited". -Torrent & Novo Nordisk India expand insulin manufacturing facility at Indrad. -Listed amongst top five 'Fastest Growing Companies (Middleweights Category)' by Business World Magazine. 2018 -Torrent Pharma acquires US-based Bio-Pharm Inc 2019 -Torrent Pharmac - Amendment to AOA/MOA - Torrent & Glenmark sign licensing agreement for co-marketing of Remogliflozin Etabonate in India -The Company has been informed that the name of Registrar & Share Transfer Agent (RTA) has been changed from KARVY FINTECH PRIVATE LIMITED to KFIN TECHNOLOGIES PRIVATE LIMITED with effect from 05th December, 2019. 2021 -Torrent Pharmac - USFDA Inspection At Torrent'S Manufacturing Facility At Levittown, -Torrent Pharma introduces MSD (a trade name of Merck & Co., Inc, Kenilworth, NJ, USA) and Ridgeback's molnupiravir under the brand name Molnutorr in India -Torrent Pharma Enters Into Voluntary Licensing Agreement with Lilly to manufacture and distribute Baricitinib for Covid-19 in India 2022 -Torrent Pharma acquire 100% stake in Curatio Health Care (I) Private Limited. - Torrent Pharma has recommended the issue of Bonus Shares in the ratio of 1:1.2023-Torrent Pharmaceuticals gets EIR from US FDA for Dahej facility.-Torrent and Zydus sign licensing agreement for co-marketing Saroglitazar Mg, a critical treatment for chronic liver diseases in India.  2023 -Torrent and Zydus sign licensing agreement for co-marketing Saroglitazar Mg, a critical treatment for chronic liver diseases in India. -Started construction of Virochannagar manufacturing facility. -Torrent Pharmaceuticals gets EIR from US FDA for Dahej facility. 2024 -Torrent Pharmaceuticals Enters into Non-Exclusive Patent Licensing Agreement with Takeda Pharmaceuticals to Commercialize its Novel Gastrointestinal Drug. -Commissioned a subsidiary in Colombia and Chile.

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Parent Organisation

Torrent Pharmaceuticals Ltd.

Founded

15/07/1972

Managing Director

Mr.Samir Mehta

NSE Symbol

TORNTPHARMEQ

FAQ

The current price of Torrent Pharmaceuticals Ltd is ₹ 3238.90.

The 52-week high for Torrent Pharmaceuticals Ltd is ₹ 3349.10 and the 52-week low is ₹ 3168.80.

The market capitalization of Torrent Pharmaceuticals Ltd is currently ₹ 109619.09. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Torrent Pharmaceuticals Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Torrent Pharmaceuticals Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Torrent Pharmaceuticals Ltd shares.

The CEO of Torrent Pharmaceuticals Ltd is Mr.Samir Mehta, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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