How has Novartis (NOVARTIND) been performing? We dig into revenue, profitability, valuation, and ownership trends.
Novartis Revenue Trend
Compared to ₹335 Cr in FY2024, Novartis's FY2025 revenue of ₹356 Cr marks a 6.3% improvement.
Over the past 10 years, revenue has declined sharply at 8.6% per year, from ₹873 Cr to ₹356 Cr. This is a significant erosion of the top line.
Novartis is a smaller pharmaceuticals company by revenue, with a top line of ₹356 Cr.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹356 Cr | +6.3% |
| FY2024 | ₹335 Cr | -11.5% |
| FY2023 | ₹379 Cr | -5.3% |
| FY2022 | ₹400 Cr | -3.5% |
| FY2021 | ₹414 Cr | — |
View Novartis's full 10-year revenue trend with CAGR analysis →
Novartis Profitability
Bottom-line growth was evident, with Novartis posting ₹101 Cr in net profit for FY2025 — up 18.4% from ₹85.2 Cr.
A stronger net margin of 28.3% in FY2025 (from 25.4%) points to better profitability per rupee of revenue.
Per-share earnings moved to ₹40.87 in FY2025 from ₹34.50 in FY2024.
Is Novartis Undervalued
The P/E Ratio approach puts Novartis's intrinsic value at ₹1,010, a 23.8% downside from the current market price.
Novartis shares are currently trading at ₹1,326.20.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹1,010 | 23.8% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Novartis with detailed assumptions →
Novartis Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2025 total assets: ₹9.48B (up 2.5% YoY from ₹9.25B).
Top categories: Cash & ST Investments (68.4%), Other Assets (23.0%), Inventories (4.3%).
Of the ₹9.48B in liabilities and equity, 82.8% is shareholder equity, 0.5% is interest-bearing debt, and 16.6% is operating liabilities. Over the year, debt is down 27.4% and equity is up 5.4%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 6.48B |
| Receivables | 401.40M |
| Inventories | 411.10M |
| Property, Plant & Equipment | 9.70M |
| Other Assets | 2.18B |
| Category | Value |
|---|---|
| Equity | 7.85B |
| Short-term Debt | 18.50M |
| Long-term Debt | 32.10M |
| Trade Payables | 514.70M |
| Other Liabilities | 1.06B |
Novartis Key Highlights
Here's the bottom line on Novartis (NOVARTIND) based on the latest available financials.
Revenue of ₹356 Cr in FY2025, up 6.3% year-over-year.
Long-term revenue has been contracting at 8.6% annually over 10 years.
The company is profitable, with a net margin of 28.3% and net income of ₹101 Cr.
The P/E Ratio model implies 23.8% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Craytheon's full analysis of Novartis goes deeper: three valuation models, growth metrics, and 10 years of financial data.