Case study

EMCURE

Emcure Pharmaceuticals Limited

Worth a closer look1y model +4.9%

Each stock's 10,000-path forecast, rendered as light.

58Score

Emcure Pharmaceuticals Limited (EMCURE) Stock Analysis & Case Study

Is EMCURE a good buy? The data-driven verdict.

Emcure Pharmaceuticals Limited (EMCURE) trades at ₹1,978,on the numbers it worth a closer look, a Downstox Snapshot Score of 58/100.

On the numbers, Emcure Pharmaceuticals Limited (EMCURE) worth a closer look, a Downstox Snapshot Score of 58/100, weighing premium at 36.4× earnings, ROE of 20.1%, a 56% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

EMCURE fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹37,526 Cr
Current price
₹1,978
P/E ratio
36.4×
P/B ratio
7.58×
Book value
₹261
Dividend yield
0.15%
ROCE
24.0%
ROE
20.1%
Piotroski F-Score
6/8

How EMCURE ranks against the 2,373 companies in our screener

Is EMCURE overvalued? EMCURE P/E vs peers

EMCURE trades at 36.4× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

EMCURE share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.1y of EMCURE history (18%/yr drift, 36%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
EMCURE 2027₹1,307₹2,076₹3,297+5%
EMCURE 2028₹1,121₹2,178₹4,233+10%
EMCURE 2029₹1,011₹2,286₹5,166+16%
EMCURE 2030₹942₹2,398₹6,103+21%
EMCURE 2031₹898₹2,516₹7,049+27%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability EMCURE goes up, or doubles?

56%
Higher in 1 year
Modelled chance the price is above today in 12 months
62%
Higher in 5 years
Modelled chance the price is above today in 5 years
29%
Doubles in 5 years
Modelled chance of reaching ₹3,957 within 5 years

The bull case for EMCURE

  • EMCURE's return on equity of 20.1% ranks in the 84th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • EMCURE's return on capital employed of 24.0% ranks in the 87th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹5,166.

The bear case & risks

  • EMCURE's P/E of 36.4x is lower than 37% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹1,011.

EMCURE volatility & expected range, how bumpy is the ride?

Over the last 2.1 years EMCURE compounded at 18%/year with annualized volatility of 36%. That volatility implies a 1-year 80% range of ₹1,307-₹3,297, the honest backbone behind any single price target.

EMCURE price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.1 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
4.9%
80% range₹1,307-₹3,297
P(price ↑)56%
P(price 2×)4%
3-Year Forecast
2029
₹0
Median (P50)
15.5%
80% range₹1,011-₹5,166
P(price ↑)59%
P(price 2×)20%
5-Year Forecast
2031
₹0
Median (P50)
27.2%
80% range₹898-₹7,049
P(price ↑)62%
P(price 2×)29%

EMCURE price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
EMCURE simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds EMCURE hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the EMCURE price target & forecast page.

EMCURE Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. EMCURE scores 6/8, mixed financial health.

EMCURE MTF margin & leverage across 10 brokers

Margin Trading Facility lets you buy EMCURE with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
UpstoxCHEAPEST30.73%3.3×
ZerodhaCHEAPEST30.73%3.3×
Groww30.85%3.2×
Dhan30.73%3.3×
Kotak Neo30.77%3.2×
Paytm Money30.91%3.2×
Pocketful30.86%3.2×
Anand RathiCHEAPEST30.73%3.3×
Bajaj Broking32.00%3.1×
Share India30.82%3.2×

Compare every broker on the EMCURE MTF page.

About Emcure Pharmaceuticals Limited: sector, index & market-cap context

Emcure Pharmaceuticals Limited (EMCURE) is a mid-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹37,526 Cr. See more stocks on our screener.

How the EMCURE Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Emcure Pharmaceuticals Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

EMCURE analysis, FAQs

Is Emcure Pharmaceuticals Limited (EMCURE) a good buy?

On the numbers, Emcure Pharmaceuticals Limited (EMCURE) worth a closer look, a Downstox Snapshot Score of 58/100, weighing premium at 36.4× earnings, ROE of 20.1%, a 56% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is EMCURE overvalued or undervalued?

EMCURE trades at 36.4× earnings, premium versus the ~22× long-run Nifty average.

What is the EMCURE share price target for 2031?

EMCURE's probability-weighted 2031 median target is ₹2,516, with an 80% range of ₹898-₹7,049 (10,000-path Monte-Carlo).

What is the probability EMCURE doubles in 5 years?

The modelled probability of EMCURE reaching ₹3,957 (2×) within 5 years is 29%.

What is the bull case for EMCURE?

EMCURE's return on equity of 20.1% ranks in the 84th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. EMCURE's return on capital employed of 24.0% ranks in the 87th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in EMCURE?

EMCURE's P/E of 36.4x is lower than 37% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

More on EMCURE