Ipca Laboratories Ltd

₹ 1,517 0.61%
14 Jan
🔗 Website | BSE: 524494 | NSE: IPCALAB
38,487
1,517
1,599
39.7
292
0.26
17.6
12.6

ABOUT

Ipca Laboratories is engaged in the manufacturing and marketing of pharmaceuticals.(Source : 201903 Annual Report Page No: 68)

Stock Analysis

### Description Ipca Laboratories is engaged in the manufacturing and marketing of pharmaceuticals. ### Key Growth Triggers Currently no data available for Key Growth Triggers. ### Order Book Currently no data available for Order Book. ### Key Red Flags Currently no data available for Key Red Flags. ### Key Dates To Watch Agreement for sale of Bayshore Pharmaceuticals expected around January 20, 2026. Sale completion expected within 30 days thereafter.

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.1700.7035.35408054.900.943124.952.5614478.318.9320.2154964.0130.1211543.963117.955.2412.970.07
2.Divi's Lab.6355.5067.89168718.560.47689.0035.102715.0016.1220.4410029.0032.372485.00689.0010.9513.530.01
3.Torrent Pharma.4003.7062.54135503.400.80591.0032.493302.0014.3027.0512248.0032.602166.53600.1716.0413.260.33
4.Cipla1434.5021.30115874.780.911353.373.737589.447.6422.7228349.5725.405441.141351.173.5214.720.01
5.Lupin2195.9023.19100308.450.551484.8373.347047.5124.2321.3024750.6927.254324.631477.925.1112.410.32
6.Dr Reddy's Labs1186.5017.1699028.890.671336.807.288828.309.8322.6934310.0024.645772.201347.102.7512.950.16
7.Mankind Pharma2244.4052.9992649.970.04520.18-22.003697.1620.7715.9813545.6724.121748.55511.516.068.890.55
8.Ipca Labs.1517.0039.7338486.930.26304.7424.831930.326.5917.586978.3423.52968.63304.745.209.410.11

Quarterly Results

Figures in Cr.

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
1,4951,4401,4021,4861,6631,5071,5111,5661,8111,6631,6381,7471,930
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
1,2241,2291,2261,1891,3141,2341,2181,2131,4091,2521,2801,3401,466
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
270211176298348273292353402411359407465
OPM %
18%15%13%20%21%18%19%23%22%25%22%23%24%
Other Income
36243343-317-79151717-2602522
Exceptional items
0000-39.290.45-94.32000-281.5400
Other income normal
35.5924.233.4743.1636.1416.8915.115.391717.4121.4925.0221.92
Interest
9101831392724191710161211
Depreciation
56585960616362616363656367
Profit before tax
24016613225024520012728833935617357408
Tax %
31%31%36%33%34%32%49%29%28%25%479%27%25%
Net Profit
1661158516716213765204244268-65262305
EPS in Rs
6.534.543.346.576.395.42.558.059.6210.55-2.5610.3312.01

Profit & Loss

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
3,2353,0882,8043,1023,1933,6064,3385,1145,4055,7756,1246,6786,978
Sales Growth %
Expenses
2,4982,5562,5262,6662,7482,9093,4193,5964,1644,8584,9095,1535,337
Material Cost %
Raw material cost
Change in inventory
Manufacturing Cost %
Employee Cost %
Other Cost %
Operating Profit
7375322774364466979181,5181,2419171,2151,5251,641
OPM %
23%17%10%14%14%19%21%30%23%16%20%23%24%
Other Income
213226193954646153108-23-210-196
Exceptional items
Other income normal
Interest
282931262721191110461236350
Depreciation
101177161171174172179188210229246252258
Profit before tax
6293581112582835577851,3801,0747508221,0001,138
Tax %
24%28%17%27%18%18%17%17%20%33%35%35%
Net Profit
477256931882334556521,141860506530651769
Exceptional items AT
Profit excl Excep
Profit for PE
Profit for EPS
EPS in Rs
18.9110.153.677.469.241825.8244.9733.9119.9320.9125.6530.33
Dividend Payout %
13%5%0%7%5%8%10%9%12%20%19%16%

Balance Sheet

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
25252525252525252525252525
Reserves
1,9562,2082,2582,4502,6703,1113,6524,7275,4505,8526,3236,8667,382
Borrowings
5959298657166284444742367761,4401,152906780
Long term Borrowings
292501484352234134789395652542482357
Short term Borrowings
138321183177239196309214366771591389375
Lease Liabilities
Other Borrowings
165106198187155114680000
Other Liabilities
6416627567777858771,0331,0211,1861,1291,1591,2731,374
Trade Payables
337303415388415464538526492451423482502
Advance from Customers
922000000272715
Other liability items
295337341389370413495495668651721792872
Total Liabilities
3,2173,8243,9053,9684,1084,4585,1856,0107,4388,4478,6599,0719,562
Fixed Assets
1,3061,7531,9771,9461,8551,7401,8411,8692,1532,4792,5242,5432,695
Land
65.9998.3998.0798.0798.3498.34218.52189.26238.4234.43247.15
Building
360.89486.74476.12508.58513.45517.19538.81549.11666.86750.82778.27
Plant Machinery
1,140.91,457.321,232.721,311.461,365.981,403.71,520.71,704.651,989.392,376.572,582.22
Equipments
188.92266.27209.13224.66245.42253.08250.09260.36303.8345.4356.49
Furniture & fittings
Vehicles
23.252515.2315.9716.3816.2819.119.8822.3328.4532.72
Intangible Assets
22.0650.9434.0239.2339.2339.2346.7342.4226.6326.6326.6339.5343.08
Other fixed assets
16.7725.627.4331.2330.5634.2141.6178.2757.5459.669.23
Gross Block
1,851.292,465.92,137.322,276.992,358.722,412.972,688.792,899.273,364.683,889.094,165.82
Accumulated Depreciation
545.18712.94160.74331.02504.11672.87847.821,030.671,211.591,410.431,642.12
CWIP
16526712995736684182297123175484546
Investments
2982972122163226498681,3391,0572,6542,6932,850
Other Assets
1,7171,7221,7021,7161,9642,3292,6113,0923,6504,7893,3063,3513,471
Inventories
8389178328748731,0561,2671,5171,7801,6601,6771,5421,512
Trade receivables
4493544415025946328397748249261,0271,1551,344
Receivables under 6m
Receivables over 6m
Prow for Doubtful
Cash Equivalents
69113162181312601523075961,706113165141
Loans & Advances
Other Assets items
Total Assets
3,2173,8243,9053,9684,1084,4585,1856,0107,4388,4478,6599,0719,562

Cash Flows

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
5154556962713244965611,0968327628311,374
Profit from operations
7635403134204687329661,5521,2959571,2211,606
Receivables
-93107191-55-92-36-21179-39-101-102-133
Inventory
-105-7985-420-182-211-250-241119-17133
Payables
0003626507172-46-41-2958
Loans Advances
0-2729000000000
Other WC items
79-12108-34-213993-11554443436
Working capital changes
-118-10412-95-87-129-258-215-27121-11493
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
11221213343645
Investments purchased
-1,903-2,0380-2,100-2,456000-2500-6
Investments sold
1,9062,04642,1072,4630000000
Interest received
132094015422229497314
Redeemp Cnce of Shares
Acquisition of companies
0000-590000000
Other investing items
-0-1389-21-7-1-209-159-100-244540-76
Cash from Financing Activity
-138255-414-156-130-223-139-307426506-465-428
Redemption of debentures
0-55-5-5-50000000
Proceeds from borrowings
67488152686101070606681124168
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
000000-4-6-6-5-5-7
Other financing items
00003301200000
Net Cash Flow
142568-3174150-76229446559-990207

Ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
514257596864715556596163
Inventory Days
271293290288286332312350364293309297
Days Payable
10997145128136146133121101807893
Cash Conversion Cycle
213238203219218250250284319272293268
Working Capital Days
836962758293911081057487120
ROCE %
27%13%4%9%9%17%20%30%19%11%14%18%

Shareholding Pattern

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
46.29%46.29%46.29%46.29%46.29%46.3%46.3%46.3%44.72%44.72%44.72%44.72%44.72%
Bhawna Godha
0000000000000
Chandurkar Investments Private Limited
5.55.55.55.55.55.55.55.55.55.55.55.55.5
Kalpana Jain
0.090.090.090.090.090.090.090.090.090.090.090.090.09
Kaygee Investments Private Limited
21.4721.4721.4721.4721.4721.4721.4721.4721.4721.4721.4725.4925.49
Kaygee Laboratories Private Limited
6.616.616.616.616.616.616.616.616.616.616.616.616.61
Makers Laboratories Limited
0000000000000
Mexin Medicaments Private Limited
0.010.010.010.010.010.010.010.010.010.010.01
Neetu Godha
0000000000000
Nirmal Jain
0000000000000
Paranthapa Investments and Traders Pvt_ Ltd_
0.01
Paschim Chemicals Pvt Ltd
444444.014.014.014.014.014.01
Pranay Godha
0.670.670.670.670.670.670.670.670.670.670.670.670.67
Prashant Godha
0.620.620.620.620.620.620.620.620.620.620.620.620.62
Premchand Godha
2.292.292.292.292.292.292.292.292.292.292.292.292.29
Sameer M Chandurkar
0.790.790.790.790.790.790.790.790.790.790.790.790.79
Usha M Chandurkar
3.273.273.273.273.273.273.273.271.71.71.71.71.7
Usha Premchand Godha
0.950.950.950.950.950.950.950.950.950.950.950.950.95
Xbees Traders LLP (Formerly Paranthapa Investments___
0.010.01
Xbees Traders Llp
0.010.010.010.010.010.010.010.010.010.01
FIIs
10.46%10.58%10.05%9.86%10.27%10.51%10.85%10.83%11.06%10.75%10.67%10.42%10.62%
Abu Dhabi Investment Authority - Monsoon
1.031.121
Kotak Funds - India Midcap Fund
1.211.291.291.361.361.361.341.291.261.261.24
DIIs
33.71%33.74%34.86%34.72%34.19%34.05%33.46%33.9%35.36%35.73%35.88%36.45%36.99%
Axis Mutual Fund Trustee Limited A/C Axis Mutual F___
1.771.65
Canara Robeco Mutual Fund A/C Canara Robeco Emergi___
1.041.04
Dsp Midcap Fund
5.395.516.656.736.97.136.435.976.126.196.56.52
Hdfc Life Insurance Company Limited
1.981.961.91.91.971.951.951.931.931.931.931.92
Hdfc Mutual Fund - Hdfc Mid-Cap Fund
9.5
Hdfc Mutual Fund - Hdfc Mid-Cap Opportunities Fund
6.647.227.277.038.79.148.468.479.05
Hdfc Trustee Company Ltd - A/C Hdfc Mid - Capoppor___
5.345.49
Hsbc Midcap Fund
1.04
Icici Prudential Balanced Advantage Fund
1.52
Icici Prudential Multi-Asset Fund
2.062.483.693.142.742.4
Kotak Emerging Equity Scheme
2.853.133.23.643.713.74.965.135.795.796.05
Kotak Midcap Fund
6.27
Mirae Asset Emerging Bluechip Fund
1.791.441.311.86
Nippon Life India Trustee Ltd- A/C Nippon India Gr___
2.412.242.071.471.621.71.891.912.022.252.182.21
Parag Parikh Flexi Cap Fund
1.241.261.461.461.461.461.461.461.46
Sbi Life Insurance Co_ Ltd
1.421.671.731.832.012.22.422.853.33.54
Uti Flexi Cap Fund
1.611.521.461.081.131.04
Government
0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%
Public
9.22%9.06%8.46%8.8%8.93%8.82%9.07%8.64%8.53%8.45%8.41%8.09%7.33%
Others
No. of Shareholders
1,08,1771,10,29699,88995,93082,80981,16584,75382,97590,18988,30685,58282,870

News & Updates

Documents

Announcements

Sale Of 100% Equity Shares Of Wholly Owned Step-Down Subsidiary And Updation Of Registered Office Address
2d - Ipca to sell Bayshore LLC to Centaur for USD 400,000; agreement around Jan 20, 2026; completion within 30 days.
Announcement under Regulation 30 (LODR)-Change in Registered Office Address
2d - Ipca to sell Bayshore (US step-down subsidiary) to Centaur USA for USD 400,000; agreement around Jan 20, 2026.
Board Meeting Outcome for Outcome Of Board Meeting
2d - Ipca to sell Bayshore (US) to Centaur for USD 400,000; agreement around 20 Jan 2026; office district update.
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jan - Certificate under Regulation 74(5) confirming dematerialisation processing for quarter ended December 31, 2025.

Annual Reports

Credit Ratings

Rating update
7 Jul 2025 from fitch
Rating update
15 Jul 2024 from fitch
Rating update
22 Sep 2023 from fitch
Rating update
27 Jul 2023 from fitch
Rating update
25 Jul 2023 from fitch
Rating update
18 Oct 2022 from care

Concalls

Nov 2025
Aug 2025
Jun 2025
Feb 2025
Nov 2024
Aug 2024
Jun 2024
Feb 2024
Nov 2023
Aug 2023
Apr 2023
Feb 2023
Nov 2022
Aug 2022
May 2022
Feb 2022
Nov 2021
Aug 2021
Jun 2021
Jun 2021
Mar 2021
Nov 2020
Aug 2020
Jun 2020
Feb 2020
Nov 2019
Aug 2019
May 2019
Feb 2019
Nov 2018