Ipca Laboratories is engaged in the manufacturing and marketing of pharmaceuticals.(Source : 201903 Annual Report Page No: 68)
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market 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 value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Sun Pharma.Inds. | 1700.70 | 35.35 | 408054.90 | 0.94 | 3124.95 | 2.56 | 14478.31 | 8.93 | 20.21 | 54964.01 | 30.12 | 11543.96 | 3117.95 | 5.24 | 12.97 | 0.07 |
| 2. | Divi's Lab. | 6355.50 | 67.89 | 168718.56 | 0.47 | 689.00 | 35.10 | 2715.00 | 16.12 | 20.44 | 10029.00 | 32.37 | 2485.00 | 689.00 | 10.95 | 13.53 | 0.01 |
| 3. | Torrent Pharma. | 4003.70 | 62.54 | 135503.40 | 0.80 | 591.00 | 32.49 | 3302.00 | 14.30 | 27.05 | 12248.00 | 32.60 | 2166.53 | 600.17 | 16.04 | 13.26 | 0.33 |
| 4. | Cipla | 1434.50 | 21.30 | 115874.78 | 0.91 | 1353.37 | 3.73 | 7589.44 | 7.64 | 22.72 | 28349.57 | 25.40 | 5441.14 | 1351.17 | 3.52 | 14.72 | 0.01 |
| 5. | Lupin | 2195.90 | 23.19 | 100308.45 | 0.55 | 1484.83 | 73.34 | 7047.51 | 24.23 | 21.30 | 24750.69 | 27.25 | 4324.63 | 1477.92 | 5.11 | 12.41 | 0.32 |
| 6. | Dr Reddy's Labs | 1186.50 | 17.16 | 99028.89 | 0.67 | 1336.80 | 7.28 | 8828.30 | 9.83 | 22.69 | 34310.00 | 24.64 | 5772.20 | 1347.10 | 2.75 | 12.95 | 0.16 |
| 7. | Mankind Pharma | 2244.40 | 52.99 | 92649.97 | 0.04 | 520.18 | -22.00 | 3697.16 | 20.77 | 15.98 | 13545.67 | 24.12 | 1748.55 | 511.51 | 6.06 | 8.89 | 0.55 |
| 8. | Ipca Labs. | 1517.00 | 39.73 | 38486.93 | 0.26 | 304.74 | 24.83 | 1930.32 | 6.59 | 17.58 | 6978.34 | 23.52 | 968.63 | 304.74 | 5.20 | 9.41 | 0.11 |
Figures in Cr.
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sales
|
1,495 | 1,440 | 1,402 | 1,486 | 1,663 | 1,507 | 1,511 | 1,566 | 1,811 | 1,663 | 1,638 | 1,747 | 1,930 |
|
YOY Sales Growth %
|
4.97% | 8.4% | 19% | 0.54% | 11.25% | 4.63% | 7.78% | 5.35% | 8.92% | 10.34% | 8.46% | 11.56% | 6.59% |
|
Expenses
|
1,224 | 1,229 | 1,226 | 1,189 | 1,314 | 1,234 | 1,218 | 1,213 | 1,409 | 1,252 | 1,280 | 1,340 | 1,466 |
|
Material Cost %
|
33.75% | 34.86% | 38.54% | 31.92% | 32.17% | 32.21% | 32.02% | 28.9% | 29.59% | 27.62% | 27.19% | 25.64% | 26.45% |
|
Employee Cost %
|
19.89% | 20.67% | 21.24% | 22.37% | 20.22% | 22.19% | 22.06% | 23.07% | 21.12% | 21.56% | 23.02% | 23.46% | 21.31% |
|
Operating Profit
|
270 | 211 | 176 | 298 | 348 | 273 | 292 | 353 | 402 | 411 | 359 | 407 | 465 |
|
OPM %
|
18% | 15% | 13% | 20% | 21% | 18% | 19% | 23% | 22% | 25% | 22% | 23% | 24% |
|
Other Income
|
36 | 24 | 33 | 43 | -3 | 17 | -79 | 15 | 17 | 17 | -260 | 25 | 22 |
|
Exceptional items
|
0 | 0 | 0 | 0 | -39.29 | 0.45 | -94.32 | 0 | 0 | 0 | -281.54 | 0 | 0 |
|
Other income normal
|
35.59 | 24.2 | 33.47 | 43.16 | 36.14 | 16.89 | 15.1 | 15.39 | 17 | 17.41 | 21.49 | 25.02 | 21.92 |
|
Interest
|
9 | 10 | 18 | 31 | 39 | 27 | 24 | 19 | 17 | 10 | 16 | 12 | 11 |
|
Depreciation
|
56 | 58 | 59 | 60 | 61 | 63 | 62 | 61 | 63 | 63 | 65 | 63 | 67 |
|
Profit before tax
|
240 | 166 | 132 | 250 | 245 | 200 | 127 | 288 | 339 | 356 | 17 | 357 | 408 |
|
Tax %
|
31% | 31% | 36% | 33% | 34% | 32% | 49% | 29% | 28% | 25% | 479% | 27% | 25% |
|
Net Profit
|
166 | 115 | 85 | 167 | 162 | 137 | 65 | 204 | 244 | 268 | -65 | 262 | 305 |
|
EPS in Rs
|
6.53 | 4.54 | 3.34 | 6.57 | 6.39 | 5.4 | 2.55 | 8.05 | 9.62 | 10.55 | -2.56 | 10.33 | 12.01 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sales
|
3,235 | 3,088 | 2,804 | 3,102 | 3,193 | 3,606 | 4,338 | 5,114 | 5,405 | 5,775 | 6,124 | 6,678 | 6,978 |
|
Sales Growth %
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Expenses
|
2,498 | 2,556 | 2,526 | 2,666 | 2,748 | 2,909 | 3,419 | 3,596 | 4,164 | 4,858 | 4,909 | 5,153 | 5,337 |
|
Material Cost %
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Raw material cost
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Change in inventory
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Manufacturing Cost %
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Employee Cost %
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Other Cost %
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Operating Profit
|
737 | 532 | 277 | 436 | 446 | 697 | 918 | 1,518 | 1,241 | 917 | 1,215 | 1,525 | 1,641 |
|
OPM %
|
23% | 17% | 10% | 14% | 14% | 19% | 21% | 30% | 23% | 16% | 20% | 23% | 24% |
|
Other Income
|
21 | 32 | 26 | 19 | 39 | 54 | 64 | 61 | 53 | 108 | -23 | -210 | -196 |
|
Exceptional items
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Other income normal
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Interest
|
28 | 29 | 31 | 26 | 27 | 21 | 19 | 11 | 10 | 46 | 123 | 63 | 50 |
|
Depreciation
|
101 | 177 | 161 | 171 | 174 | 172 | 179 | 188 | 210 | 229 | 246 | 252 | 258 |
|
Profit before tax
|
629 | 358 | 111 | 258 | 283 | 557 | 785 | 1,380 | 1,074 | 750 | 822 | 1,000 | 1,138 |
|
Tax %
|
24% | 28% | 17% | 27% | 18% | 18% | 17% | 17% | 20% | 33% | 35% | 35% | — |
|
Net Profit
|
477 | 256 | 93 | 188 | 233 | 455 | 652 | 1,141 | 860 | 506 | 530 | 651 | 769 |
|
Exceptional items AT
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Profit excl Excep
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Profit for PE
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Profit for EPS
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
EPS in Rs
|
18.91 | 10.15 | 3.67 | 7.46 | 9.24 | 18 | 25.82 | 44.97 | 33.91 | 19.93 | 20.91 | 25.65 | 30.33 |
|
Dividend Payout %
|
13% | 5% | 0% | 7% | 5% | 8% | 10% | 9% | 12% | 20% | 19% | 16% | — |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Equity Capital
|
25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
|
Reserves
|
1,956 | 2,208 | 2,258 | 2,450 | 2,670 | 3,111 | 3,652 | 4,727 | 5,450 | 5,852 | 6,323 | 6,866 | 7,382 |
|
Borrowings
|
595 | 929 | 865 | 716 | 628 | 444 | 474 | 236 | 776 | 1,440 | 1,152 | 906 | 780 |
|
Long term Borrowings
|
292 | 501 | 484 | 352 | 234 | 134 | 78 | 9 | 395 | 652 | 542 | 482 | 357 |
|
Short term Borrowings
|
138 | 321 | 183 | 177 | 239 | 196 | 309 | 214 | 366 | 771 | 591 | 389 | 375 |
|
Lease Liabilities
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Other Borrowings
|
165 | 106 | 198 | 187 | 155 | 114 | 68 | 0 | 0 | 0 | 0 | — | — |
|
Other Liabilities
|
641 | 662 | 756 | 777 | 785 | 877 | 1,033 | 1,021 | 1,186 | 1,129 | 1,159 | 1,273 | 1,374 |
|
Trade Payables
|
337 | 303 | 415 | 388 | 415 | 464 | 538 | 526 | 492 | 451 | 423 | 482 | 502 |
|
Advance from Customers
|
9 | 22 | 0 | 0 | 0 | 0 | 0 | 0 | 27 | 27 | 15 | — | — |
|
Other liability items
|
295 | 337 | 341 | 389 | 370 | 413 | 495 | 495 | 668 | 651 | 721 | 792 | 872 |
|
Total Liabilities
|
3,217 | 3,824 | 3,905 | 3,968 | 4,108 | 4,458 | 5,185 | 6,010 | 7,438 | 8,447 | 8,659 | 9,071 | 9,562 |
|
Fixed Assets
|
1,306 | 1,753 | 1,977 | 1,946 | 1,855 | 1,740 | 1,841 | 1,869 | 2,153 | 2,479 | 2,524 | 2,543 | 2,695 |
|
Land
|
65.99 | 98.39 | 98.07 | 98.07 | 98.34 | 98.34 | 218.52 | 189.26 | 238.4 | 234.43 | 247.15 | — | — |
|
Building
|
360.89 | 486.74 | 476.12 | 508.58 | 513.45 | 517.19 | 538.81 | 549.11 | 666.86 | 750.82 | 778.27 | — | — |
|
Plant Machinery
|
1,140.9 | 1,457.32 | 1,232.72 | 1,311.46 | 1,365.98 | 1,403.7 | 1,520.7 | 1,704.65 | 1,989.39 | 2,376.57 | 2,582.22 | — | — |
|
Equipments
|
188.92 | 266.27 | 209.13 | 224.66 | 245.42 | 253.08 | 250.09 | 260.36 | 303.8 | 345.4 | 356.49 | — | — |
|
Furniture & fittings
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Vehicles
|
23.25 | 25 | 15.23 | 15.97 | 16.38 | 16.28 | 19.1 | 19.88 | 22.33 | 28.45 | 32.72 | — | — |
|
Intangible Assets
|
22.06 | 50.94 | 34.02 | 39.23 | 39.23 | 39.23 | 46.73 | 42.42 | 26.63 | 26.63 | 26.63 | 39.53 | 43.08 |
|
Other fixed assets
|
16.77 | 25.6 | 27.43 | 31.23 | 30.56 | 34.21 | 41.61 | 78.27 | 57.54 | 59.6 | 69.23 | — | — |
|
Gross Block
|
1,851.29 | 2,465.9 | 2,137.32 | 2,276.99 | 2,358.72 | 2,412.97 | 2,688.79 | 2,899.27 | 3,364.68 | 3,889.09 | 4,165.82 | — | — |
|
Accumulated Depreciation
|
545.18 | 712.94 | 160.74 | 331.02 | 504.11 | 672.87 | 847.82 | 1,030.67 | 1,211.59 | 1,410.43 | 1,642.12 | — | — |
|
CWIP
|
165 | 267 | 129 | 95 | 73 | 66 | 84 | 182 | 297 | 123 | 175 | 484 | 546 |
|
Investments
|
29 | 82 | 97 | 212 | 216 | 322 | 649 | 868 | 1,339 | 1,057 | 2,654 | 2,693 | 2,850 |
|
Other Assets
|
1,717 | 1,722 | 1,702 | 1,716 | 1,964 | 2,329 | 2,611 | 3,092 | 3,650 | 4,789 | 3,306 | 3,351 | 3,471 |
|
Inventories
|
838 | 917 | 832 | 874 | 873 | 1,056 | 1,267 | 1,517 | 1,780 | 1,660 | 1,677 | 1,542 | 1,512 |
|
Trade receivables
|
449 | 354 | 441 | 502 | 594 | 632 | 839 | 774 | 824 | 926 | 1,027 | 1,155 | 1,344 |
|
Receivables under 6m
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Receivables over 6m
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Prow for Doubtful
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Cash Equivalents
|
69 | 113 | 162 | 18 | 131 | 260 | 152 | 307 | 596 | 1,706 | 113 | 165 | 141 |
|
Loans & Advances
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Other Assets items
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
|
Total Assets
|
3,217 | 3,824 | 3,905 | 3,968 | 4,108 | 4,458 | 5,185 | 6,010 | 7,438 | 8,447 | 8,659 | 9,071 | 9,562 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cash from Operating Activity
|
515 | 455 | 696 | 271 | 324 | 496 | 561 | 1,096 | 832 | 762 | 831 | 1,374 |
|
Profit from operations
|
763 | 540 | 313 | 420 | 468 | 732 | 966 | 1,552 | 1,295 | 957 | 1,221 | 1,606 |
|
Receivables
|
-93 | 107 | 191 | -55 | -92 | -36 | -211 | 79 | -39 | -101 | -102 | -133 |
|
Inventory
|
-105 | -79 | 85 | -42 | 0 | -182 | -211 | -250 | -241 | 119 | -17 | 133 |
|
Payables
|
0 | 0 | 0 | 36 | 26 | 50 | 71 | 72 | -46 | -41 | -29 | 58 |
|
Loans Advances
|
0 | -27 | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Other WC items
|
79 | -12 | 108 | -34 | -21 | 39 | 93 | -115 | 54 | 44 | 34 | 36 |
|
Working capital changes
|
-118 | -10 | 412 | -95 | -87 | -129 | -258 | -215 | -271 | 21 | -114 | 93 |
|
Direct taxes
|
-130 | -74 | -29 | -54 | -57 | -108 | -146 | -242 | -192 | -215 | -277 | -325 |
|
Cash from Investing Activity
|
-362 | -686 | -214 | -146 | -119 | -123 | -499 | -560 | -812 | -710 | -1,355 | -739 |
|
Fixed assets purchased
|
-371 | -555 | -242 | -135 | -72 | -67 | -273 | -350 | -452 | -437 | -360 | -603 |
|
Fixed assets sold
|
1 | 1 | 2 | 2 | 1 | 2 | 13 | 3 | 4 | 36 | 4 | 5 |
|
Investments purchased
|
-1,903 | -2,038 | 0 | -2,100 | -2,456 | 0 | 0 | 0 | -25 | 0 | 0 | -6 |
|
Investments sold
|
1,906 | 2,046 | 4 | 2,107 | 2,463 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Interest received
|
13 | 20 | 9 | 4 | 0 | 15 | 42 | 22 | 29 | 49 | 73 | 14 |
|
Redeemp Cnce of Shares
|
— | — | — | — | — | — | — | — | — | — | — | — |
|
Acquisition of companies
|
0 | 0 | 0 | 0 | -59 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Other investing items
|
-0 | -138 | 9 | -21 | -7 | -1 | -209 | -159 | -100 | -244 | 540 | -76 |
|
Cash from Financing Activity
|
-138 | 255 | -414 | -156 | -130 | -223 | -139 | -307 | 426 | 506 | -465 | -428 |
|
Redemption of debentures
|
0 | -55 | -5 | -5 | -5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Proceeds from borrowings
|
67 | 488 | 152 | 68 | 61 | 0 | 107 | 0 | 606 | 681 | 124 | 168 |
|
Repayment of borrowings
|
-111 | -110 | -517 | -196 | -182 | -195 | -115 | -229 | -67 | -28 | -417 | -436 |
|
Interest paid fin
|
-28 | -31 | -28 | -23 | -22 | -17 | -16 | -7 | -6 | -40 | -117 | -52 |
|
Dividends paid
|
-66 | -37 | -15 | -0 | -15 | -15 | -122 | -102 | -101 | -101 | -51 | -101 |
|
Financial liabilities
|
0 | 0 | 0 | 0 | 0 | 0 | -4 | -6 | -6 | -5 | -5 | -7 |
|
Other financing items
|
0 | 0 | 0 | 0 | 33 | 0 | 12 | 0 | 0 | 0 | 0 | 0 |
|
Net Cash Flow
|
14 | 25 | 68 | -31 | 74 | 150 | -76 | 229 | 446 | 559 | -990 | 207 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debtor Days
|
51 | 42 | 57 | 59 | 68 | 64 | 71 | 55 | 56 | 59 | 61 | 63 |
|
Inventory Days
|
271 | 293 | 290 | 288 | 286 | 332 | 312 | 350 | 364 | 293 | 309 | 297 |
|
Days Payable
|
109 | 97 | 145 | 128 | 136 | 146 | 133 | 121 | 101 | 80 | 78 | 93 |
|
Cash Conversion Cycle
|
213 | 238 | 203 | 219 | 218 | 250 | 250 | 284 | 319 | 272 | 293 | 268 |
|
Working Capital Days
|
83 | 69 | 62 | 75 | 82 | 93 | 91 | 108 | 105 | 74 | 87 | 120 |
|
ROCE %
|
27% | 13% | 4% | 9% | 9% | 17% | 20% | 30% | 19% | 11% | 14% | 18% |
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