Dr Reddys Laboratories Ltd

₹ 1,173 -1.16%
16 Jan 2:24 p.m.
🔗 Website | BSE: 500124 | NSE: DRREDDY
97,873
1,173
1,380
18.2
378
0.67
25.8
20.3

ABOUT

Dr. Reddy's Laboratories Ltd is a leading India-based pharmaceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.

Stock Analysis

Description

Dr. Reddy's Laboratories is a global pharmaceutical company headquartered in Hyderabad, India, committed to providing access to affordable and innovative medicines through its diverse portfolio including APIs, generics, branded generics, biosimilars, and OTC products, with major therapeutic areas of focus being gastrointestinal, cardiovascular, diabetology, oncology, pain management, and dermatology.

Key Growth Triggers

First-to-market launch of OTC Olopatadine Hydrochloride Ophthalmic Solution in the U.S. This expands the company's OTC eye-care portfolio and strengthens its presence in the U.S. market, building on existing capabilities and demonstrating strong R&D and commercialization strengths.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Peer Comparison

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Sun Pharma.Inds.1662.9034.53398985.470.953124.952.5614478.318.9320.2154964.0130.1211543.963117.955.1112.970.07
2.Divi's Lab.6240.8566.65165674.920.47689.0035.102715.0016.1220.4410029.0032.372485.00689.0010.7313.530.01
3.Torrent Pharma.4001.4562.52135427.250.81591.0032.493302.0014.3027.0512248.0032.602166.53600.1716.0413.260.33
4.Cipla1396.5020.73112805.320.941353.373.737589.447.6422.7228349.5725.405441.141351.173.4014.720.01
5.Lupin2173.2523.0499273.750.551484.8373.347047.5124.2321.3024750.6927.254324.631477.925.0912.410.32
6.Dr Reddy's Labs1172.6518.2497872.920.67387.30-79.424618.60-31.0325.7523006.0030.225398.60387.303.1415.680.13
7.Mankind Pharma2181.8051.5490065.800.04520.18-22.003697.1620.7715.9813545.6724.121748.55511.515.988.890.55

Quarterly Results

Figures in Cr.

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
4,8803,8984,5545,4374,8394,1035,1055,8416,6965,0155,5637,8104,619
YOY Sales Growth %
27.64%12.01%24.13%49.76%-0.85%5.27%12.09%7.43%38.39%22.23%8.97%33.7%-31.03%
Expenses
3,0783,2223,4933,2103,2103,4473,7263,8883,9753,8234,1203,9724,138
Material Cost %
24.78%31.43%29.21%21.74%23.66%31.94%27.46%26.11%22.37%29.57%28.03%20.31%37.47%
Employee Cost %
14.55%18.18%16.8%13.61%16.2%19.07%15.27%14.65%12.55%15.84%14.33%11.36%18.79%
Operating Profit
1,8036751,0612,2281,6296561,3791,9532,7221,1921,4433,837480
OPM %
37%17%23%41%34%16%27%33%41%24%26%49%10%
Other Income
11851115234223228213218208235414398364
Exceptional items
Other income normal
11851115234223228213218208235414398364
Interest
233466672843311933
Depreciation
226239237237246246246250260265264280295
Profit before tax
1,6934859372,2201,6016321,3391,9142,6411,1191,5623,936516
Tax %
34%33%28%26%25%25%23%26%29%24%23%25%25%
Net Profit
1,1163256721,6391,1934751,0351,4171,8828491,2012,961387
EPS in Rs
13.413.98.0819.6914.35.712.4116.9922.5610.1814.3935.484.64

Profit & Loss

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
9,72810,01110,2929,7209,35910,62611,85013,34914,40516,96219,48423,11523,006
Sales Growth %
Expenses
6,9507,6088,2197,8997,9908,2908,96710,21211,80312,72413,55715,69116,053
Material Cost %
Raw material cost
Change in inventory
Manufacturing Cost %
Employee Cost %
Other Cost %
Operating Profit
2,7782,4032,0731,8201,3702,3362,8833,1372,6024,2385,9267,4256,953
OPM %
29%24%20%19%15%22%24%24%18%25%30%32%30%
Other Income
1352113175161642027308014745688629611,412
Exceptional items
Other income normal
Interest
7864645763574847381722110127
Depreciation
3804906507357747817898358149239761,0391,104
Profit before tax
2,4542,0601,6771,5446971,7012,7763,0562,2243,8665,7917,2367,134
Tax %
21%18%18%10%19%25%-6%28%27%32%25%26%
Net Profit
1,9331,6791,3741,3845671,2772,9382,1861,6232,6134,3425,3495,399
Exceptional items AT
Profit excl Excep
Profit for PE
Profit for EPS
EPS in Rs
22.7319.7116.1116.76.8315.3835.3626.2919.5131.3852.0664.1164.69
Dividend Payout %
16%20%25%24%59%26%14%19%31%26%15%12%

Balance Sheet

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
85858583838383838383838384
Reserves
9,24410,54911,99311,51811,72512,60115,10916,90018,25320,39124,15728,77331,429
Borrowings
2,6663,1263,0852,3552,5891,0651,4571,2142,205517933,4933,979
Long term Borrowings
90293999448548834519000000
Short term Borrowings
1,7632,1862,0901,8702,1015461,0441,1812,17117103,3863,663
Lease Liabilities
Other Borrowings
2120017339400000
Other Liabilities
2,5132,6962,4222,4912,7042,4992,8273,4313,9544,8505,3265,9417,099
Trade Payables
8427167197791,0611,0321,0681,3361,6661,7642,0451,9932,534
Advance from Customers
0023241952493059402341
Other liability items
1,6711,9801,6801,6891,6241,4161,7102,0652,2293,0453,2583,9074,566
Total Liabilities
14,50816,45617,58516,44717,10016,24819,47621,63024,49625,37530,35938,29142,591
Fixed Assets
2,7483,2494,4384,8424,7174,6834,4345,8446,1507,1957,5898,2329,813
Land
126126128135167167167177177178201210
Building
1,1181,2291,4401,6381,7211,8431,9371,9892,0712,2182,3282,544
Plant Machinery
2,4222,8854,5405,3185,6986,0446,3536,6317,4448,4329,15210,254
Equipments
62070822927800000000
Furniture & fittings
Vehicles
21182115131546525883104108
Intangible Assets
646518819132323285858585852,805
Other fixed assets
872259409941,1831,2341,2222,9392,9933,5543,7913,912
Gross Block
4,9005,8167,5808,6759,2249,77410,21612,34513,34915,13716,29717,715
Accumulated Depreciation
2,1512,5663,1423,8334,5065,0915,7826,5017,1997,9418,7089,482
CWIP
5764886165406754004129011,2009241,2112,1971,706
Investments
2,8063,8625,0763,1023,6363,9345,4864,6494,9377,4407,32113,19414,416
Other Assets
8,3778,8567,4557,9638,0727,2319,14510,23512,2089,81514,23914,66816,655
Inventories
1,5921,7231,7001,8101,8572,0162,1902,8203,3483,0434,0194,5764,862
Trade receivables
4,5624,7123,8904,4054,2043,7184,6394,0804,9454,2894,6245,9596,635
Receivables under 6m
Receivables over 6m
Prow for Doubtful
Cash Equivalents
66590120267121113391,6462,0306461,2179771,041
Loans & Advances
Other Assets items
Total Assets
14,50816,45617,58516,44717,10016,24819,47621,63024,49625,37530,35938,29142,591

Cash Flows

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
9061,7862,7471,0161,5392,7621,8393,5141,3395,0533,4504,225
Profit from operations
3,4732,6562,7652,1931,6612,6593,4583,3303,0694,9126,3938,050
Receivables
-1,827-47624-656336455-1,093714-866657-341-1,345
Inventory
-197-402-126-318-244-159-175-583-790-100-1,217-834
Payables
75-127263274-203726833098280-52
Loans Advances
Other WC items
-74186-12156-315668923484269-346-8
Working capital changes
-2,024-391379-85451342-1,142633-1,241924-1,624-2,239
Direct taxes
-543-479-397-323-174-239-477-448-489-783-1,320-1,586
Cash from Investing Activity
-874-2,031-1,9191,430-1,180-546-1,689-1,454-1,990-3,403-3,429-5,697
Fixed assets purchased
-872-962-1,084-985-798-653-474-1,094-1,366-1,571-1,594-2,477
Fixed assets sold
27812128864909258843
Investments purchased
-3,581-3,595-6,532-4,850-6,062-7,727-12,273-6,952-9,112-12,032-13,758-22,474
Investments sold
3,1072,6106,4206,9535,6287,47910,9197,4868,27310,07711,74725,504
Interest received
897310862348259163157100182400
Redeemp Cnce of Shares
Acquisition of companies
000000000-4600
Other investing items
355-306-852-70618434-1,5474844260
Cash from Financing Activity
28189-693-2,582-304-2,223-224-794506-2,697681,591
Redemption of debentures
-50800000000000
Proceeds from borrowings
4,4402,7372,5760165046315396807092,584
Repayment of borrowings
-3,523-2,122-2,787-614-0-1,705-180-3740-2,17000
Interest paid fin
-83-69-75-64-71-64-53-62-64-46-33-179
Dividends paid
-298-357-407-335-399-400-391-415-415-498-665-666
Financial liabilities
000000-16-4-17-20-24-28
Other financing items
000-1,5690-54-47-119000-139
Net Cash Flow
60-56135-13554-8-741,266-146-1,04789118

Ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
171172138165164128143112125928794
Inventory Days
233223234256258242224250242219291275
Days Payable
1239399110147124109118121127148120
Cash Conversion Cycle
281302273311274246257243247184230250
Working Capital Days
11599821129812511695899513063
ROCE %
23%16%12%11%5%12%19%15%12%19%25%26%

Shareholding Pattern

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
26.69%26.69%26.69%26.66%26.65%26.65%26.65%26.64%26.64%26.64%26.64%26.64%
APS Trust
20.6220.6220.5920.5920.59000000
APS Trust (Trustees: G_ V_ Prasad and Satish Reddy Kallam)
20.62
Anuradha Gunupati
0.010.010.010.010.010.010.010.010.010.010.010.01
Deepti Reddy Kallam
000000000000
G V Prasad
00000011.5211.5211.5211.5211.510
G Vani Sanjana Reddy
000000000000
GVP Family Trust
11.51
Gunupati Mallika Reddy
000000000000
Gunupati Venkateswara Prasad Huf
1.531.531.521.521.521.521.521.521.521.521.52
Gunupati Venkateswara Prasad Huf (Gunupati Venkate___
1.53
K Shravya Reddy
000000000000
K Vishal Reddy
000000000000
Kallam Satish Reddy Huf
3.323.323.313.313.313.313.313.313.313.313.31
Kallam Satish Reddy Huf (Kallam Satish Reddy)
3.32
Samrajyam Reddy Kallam
0.670.670.670.670.670.670.670.670.67
Satish Reddy Kallam
0.540.540.540.540.540.549.619.69.610.2710.271.21
Sharathchandra Reddy Gunupati
000000000000
VSD Family Trust
9.06
VSD Holdings & Advisory LLP
000000000000
FIIs
27.29%27.25%26.99%28.19%28.62%29.13%27.68%27.53%26.85%25.75%25.33%24.69%
First Sentier Investors Icvc - Stewart Investors A___
2.22.22.22.322.322.322.322.322.321.45
Government Of Singapore
1.361.31.241.211.071.02
Government Pension Fund Global
1.061.01
DIIs
23.38%23.05%21.99%21.04%18.65%18.31%20.72%21.48%22.89%25.63%26.73%27.99%
Hdfc Life Insurance Company Limited
1.031.041.041.04
Hdfc Trustee Company Ltd_ A/C Hdfc Nifty 50 Etf
1.361.621.771.751.811.621.751.34
Icici Prudential Sensex Index Fund
1.051.02
Icici Prudential Value Discovery Fund
1.172.092.383.794.154.34
Life Insurance Corporation Of India P & Gs Fund
8.959.799.727.345.165.055.525.66.57.198.39.69
Mirae Asset Nifty India Manufacturing Etf
1.11
Mirae Asset Nifty500 Multicap 50:25:25 Etf
1.211.25
Nippon Life India Trustee Ltd-A/C Nippon India Etf___
1.161.04
Nippon Life India Trustee Ltd-A/C-Nippon India Nif___
1.021.331.831.951.921.78
Nps Trust-A/C Sbi Pension Fund Scheme Tax Saver-Tier 2
2.092.192.32.532.662.552.452.252.49
Parag Parikh Flexi Cap Fund
1.281.311.45
Sbi Nifty Index Fund
1.291.491.291.371.431.33
Sbi-Etf Nifty 50
1.571.541.681.671.461.42
Government
Public
22.36%22.78%24.11%23.93%25.89%25.73%24.78%24.2%23.46%21.69%21.04%20.45%
J P Morgan Chase Bank NA
10.5311.312.5414.0215.3315.3514.5914.2213.2311.5411.0410.83
Nps Trust-A/C Hdfc Pension Management Company Ltd ___
1.891.942.13
Others
0.25%0.22%0.21%0.18%0.18%0.17%0.17%0.16%0.16%0.29%0.26%0.25%
No. of Shareholders
2,46,7882,32,7152,46,7692,43,4452,57,7942,55,5002,67,6943,10,4034,03,6694,59,6054,51,9294,49,216

News & Updates

Documents

Announcements

Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Jan 14, 2026: Launched OTC Olopatadine 0.7% generic (Pataday equivalent) in U.S.; Pataday $69.9M sales; 2.5mL bottle.
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
10 Jan - Dr. Reddy's received USFDA PAAL for Bachupally biologics facility; will address queries (Jan 10, 2026).
Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Jan - Q3FY26 results to be released Jan 21, 2026; earnings call 19:30 IST/9:00 ET; transcript available.

Annual Reports

Credit Ratings

Rating update
9 Jan from icra
Rating update
27 Dec 2024 from icra
Rating update
4 Jun 2024 from icra
Rating update
28 Sep 2023 from icra
Rating update
28 Jul 2022 from icra
Rating update
29 Jul 2021 from icra

Concalls

Oct 2025
Jul 2025
May 2025
Jan 2025
Nov 2024
Aug 2024
Jul 2024
May 2024
Feb 2024
Nov 2023
Jul 2023
May 2023
Jan 2023
Nov 2022
Jun 2022
Feb 2022
Nov 2021
Aug 2021
May 2021
May 2020
Jan 2020
Oct 2019
Jul 2019
Apr 2017
Oct 2016
Jul 2016
Apr 2016
Nov 2015