Elite Pharmaceuticals Inc (ELTP) stock analysis
Close on Oct 19, 2026Market cap $281.77MP/E 5.0Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed13 of 30 checks passed
Elite Pharmaceuticals passes 13 of the 30 checks behind our score; 15 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 2/6
- Past performance
- 6/6
- Financial health
- 5/6
- Dividend
- 0/6
What stands out
Return on equity over 15%
Return on equity was 74.3% over the last twelve months and averaged 30.8% over five years.
Return on capital over 10%
Return on invested capital was 66.3%, above the 10% that usually covers the cost of capital.
No debt
Elite Pharmaceuticals has no borrowings on its latest balance sheet.
Earnings grew over 5 years
Net income grew 54.6% a year on average over the last five fiscal years.
What to watch
Gross margin slipping
Gross margin was 43.5% over the last twelve months, against 55.8% a year earlier.
No dividend
Elite Pharmaceuticals has not paid a dividend in the last twelve months.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth2/6
Revenue growing 10%+ a year
Revenue grew 63.3% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 33.7% over the last twelve months; the Drugs median is 8.0%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin slipping
Gross margin was 43.5% over the last twelve months, against 55.8% a year earlier.
Past performance6/6
Return on equity over 15%
Return on equity was 74.3% over the last twelve months and averaged 30.8% over five years.
Return on capital over 10%
Return on invested capital was 66.3%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Elite Pharmaceuticals's return on equity of 74.3% is above the Drugs median of -58.9%.
Earnings grew over 5 years
Net income grew 54.6% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 40.2% over the last twelve months, against a 5-year average of 19.7%.
Net margin above the industry
Elite Pharmaceuticals's net margin of 40.2% is above the Drugs median of -53.0%.
Financial health5/6
No debt
Elite Pharmaceuticals has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
Operating income covers interest expense 318.4 times.
Short-term assets cover short-term debts
Current assets are 3.76 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
Elite Pharmaceuticals has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Elite Pharmaceuticals. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 12.9
- Drugs median 25.1
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +77.1% | +63.3% | +42.4% | +28.1% | |
| Gross profit | +87.2% | +65.4% | +44.6% | +25.1% | |
| Operating income | +150.6% | +137.3% | +87.8% | – | |
| Net income | – | +132.7% | +54.6% | – | |
| Free cash flow | +291.4% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | -102.2% | 38.0% | 58.9% | |
| Return on assets | 11.6% | 19.9% | 38.2% | |
| Current ratio | 5.50 | 2.10 | 6.45 | |
| Interest coverage | -30.9× | 8.1× | 441.0× | |
| Inventory turnover | 1.2× | 3.0× | 3.9× | |
| Capex to revenue | – | – | 0.6% | |
| Diluted shares | 845M | 943M | 1.14B |
Where the cash went
Fiscal 2022 to 2026, five years combined
Elite Pharmaceuticals generated $44.29M from operations and spent $9.60M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 30.1% | 1.27× | 1.54× | 58.9% |
| FY2025 | -5.1% | 0.93× | 1.62× | -7.8% |
| FY2024 | 35.5% | 0.91× | 1.44× | 46.5% |
| FY2023 | 10.4% | 0.90× | 1.40× | 13.1% |
| FY2022 | 27.6% | 1.05× | 1.48× | 43.0% |
| FY2021 | 20.0% | 0.99× | 1.91× | 38.0% |
| FY2020 | -12.5% | 0.73× | 6.06× | -55.0% |
| FY2019 | -122.6% | 0.27× | 26.79× | -899.3% |
| FY2018 | -49.2% | 0.23× | 2.16× | -24.3% |
| FY2017 | 39.5% | 0.29× | -8.85× | -102.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
- ProfitableNet income above zero$44.87M
- Cash generatingOperating cash flow above zero$23.75M
- Return on assets improvedROA up on the prior year-5.2% → 46.6%
- Earnings backed by cashOperating cash flow above net income$23.75M vs $44.87M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.88 → 6.45
- No dilutionShare count did not rise1.07B → 1.14B
- Gross margin improvedGross margin up on the prior year47.70% → 50.40%
- More efficientAsset turnover rose1.00 → 1.54
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