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Indoco Remedies Limited share price

Indoco Remedies Limited manufactures and markets formulations and active pharmaceutical ingredients in India and internationally. It offers products for gastrointestinal, anti-infectives, respiratory, stomatological, vitamins/minerals/nutrients, urological, ophthal/ontological, dermatology, pain/analgesic, cardiac, anti-diabetic, and gynaecological therapeutic areas. The company also provides branded generics comprising analgesic tablets and topical preparations; anti-hypertensive; protein supplements; multivitamin tablets and syrups; antibiotic tablets, syrups, and injectables; oral rehydration powders; antacids; and antihistaminic, anti-inflammatory drugs, etc. In addition, it provides an…Read more
HealthcareDrug Manufacturers - Specialty & GenericNSE: INDOCOISIN INE873D01024
16 Oct 2026, 3:30 PM IST₹245.65▲ 4.60 (1.91%)
  • Market Cap₹ 2,264 Cr.
  • Current Price₹ 245.65
  • High / Low₹ 293 / 162
  • Stock P/E767.7
  • Book Value₹ 112
  • Dividend Yield0.08 %
  • ROCE1.0 %
  • ROE-9.70 %
  • Face Value₹ 2.0
More figures (10)
  • EPS (TTM)₹ 0.32
  • Price / Book2.20
  • OPM0.9 %
  • Debt / Equity1.16
  • Sales growth (5Y)8.2 %
  • Profit growth (5Y)—
  • Promoter holding60.9 %
  • EV / EBITDA19.7
  • Beta0.62
  • All-time high₹ 530

Price chart

Returns1M3M6MYTD1Y3Y CAGR5Y CAGR
INDOCO-3.29%-2.49%+13.17%+4.71%-15.90%-10.60%-12.51%
Nifty 50-0.31%-3.85%-4.34%-11.42%-9.53%+5.46%+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

  • Indoco Remedies Limited is in the Drug Manufacturers - Specialty & Generic industry (Healthcare), with a market value of ₹2,264 crore.
  • It trades at 767.7 times its last 12 months' earnings and 2.2 times book value.
  • Revenue grew 8.2% a year over the last 5 years.
  • Return on equity was -9.7% and return on capital employed 1.0% in the latest year.
  • Debt was 1.16 times shareholders' equity.
  • The share price is 16.2% below its 52-week high and down 15.9% over one year.
  • Promoters and insiders hold about 60.9%; institutions about 17.7%.

Pros

No standout strengths in the reported figures.

Cons

  • Return on equity has been low: -2.5% on average over the last 3 years.
  • Interest cover is thin: operating earnings are 0.3 times the interest cost.
  • Other income makes up 49% of profit before tax.
  • Trades at 767.7 times earnings, above its 3-year median of 31.5.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Indoco Remedies Limited

Indoco Remedies Limited manufactures and markets formulations and active pharmaceutical ingredients in India and internationally. It offers products for gastrointestinal, anti-infectives, respiratory, stomatological, vitamins/minerals/nutrients, urological, ophthal/ontological, dermatology, pain/analgesic, cardiac, anti-diabetic, and gynaecological therapeutic areas. The company also provides branded generics comprising analgesic tablets and topical preparations; anti-hypertensive; protein supplements; multivitamin tablets and syrups; antibiotic tablets, syrups, and injectables; oral rehydration powders; antacids; and antihistaminic, anti-inflammatory drugs, etc. In addition, it provides analytical services, such as impurity profile, particle size analysis, polymorphism and compatibility studies, extractables and leachables studies, and chromatographic method development and validation …

Employees
6,000
Head office
Mumbai

Peer comparison

HealthcareDrug Manufacturers - Specialty & Generic

S.No.CompanyCMP ₹P/EMar Cap ₹ CrDiv Yld %NP Qtr ₹ CrQtr Profit Var %Sales Qtr ₹ CrQtr Sales Var %ROCE %
1.Indoco Remedies245.65767.72,2640.0865—4686.761.0
2.Sun Pharmaceutical Industries1,758.8034.94,21,9950.912,89534.6515,18418.4817.9
3.Divi's Laboratories9,144.5083.02,42,7580.3390236.253,08019.1519.0
4.Torrent Pharmaceuticals4,558.9072.81,73,4060.835663.284,92154.859.1
5.Zydus Lifesciences1,123.0025.01,12,0200.09940-19.747,80224.0319.0
6.Laurus Labs2,060.10101.81,11,3100.12362123.942,02629.1019.5
7.Cipla1,325.1031.81,07,0510.98789-35.427,0777.2614.9
8.Dr. Reddy's Laboratories1,233.0031.01,02,7070.66444-68.728,071-5.5614.2
9.Aurobindo Pharma1,666.9026.095,9100.001,03314.299,1068.6513.5
10.Mankind Pharma2,275.5046.093,9880.0057429.124,03112.8913.7
Median: 49 Co.1,712.8531.416,6850.3268214.295,99915.6814.6

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ CrJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
427482459450431433411390438485445476468
365410397401384392399391420442414426426
Operating Profit61716349484012-11843325041
OPM %14%15%14%11%11%9%3%0%4%9%7%10%9%
04231212211-02
Interest881012141816182625264628
Depreciation20212426282929293032323235
Profit before tax344623337-5-31-46-37-14-31-2578
29%24%31%33%74%16%
243516222-10-28-41-36-9-29-2465
EPS in Rs2.623.821.692.390.20-1.09-3.08-4.48-3.94-1.00-3.20-2.577.09
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ CrMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
1,1071,2421,5411,6691,8171,6651,8451,873
9831,0171,2131,3831,5731,5661,7041,708
Operating Profit12322432728624499142165
OPM %11%18%21%17%13%6%8%9%
232210534
Interest262214253866122124
Depreciation7173797192114126131
Profit before tax29132237193136-74-1078
16%30%35%26%29%61%
249315514297-78-993
EPS in Rs2.6210.1016.8015.4410.538.46-10.700.32
Dividend Payout %15%21%

Compounded Sales Growth

5 Years:
8%
3 Years:
3%
TTM:
12%

Stock Price CAGR

5 Years:
-13%
3 Years:
-11%
1 Year:
-16%

Return on Equity

4 Years:
2%
Last Year:
-10%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
Equity Capital18181818
Reserves1,0101,0911,004921
3336729941,090
297363414564
Total Liabilities1,6582,1452,4302,593
7069791,2131,082
CWIP9419136428
8589748531,483
Total Assets1,6582,1452,4302,593

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
17915591226
-208-433-260-87
23122169-133
Net Cash Flow-7-155-06
Free Cash Flow-28-271-168101

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE—13.8%9.2%-6.9%-9.7%
ROCE—17.6%11.1%-0.5%1.0%
Operating margin—12.1%8.0%-0.9%0.9%
Net margin—8.7%5.5%-4.5%-5.3%
Debt / equity—0.320.610.971.16
Current ratio—1.921.561.241.13
Debtor days—788378100
Inventory days—221221307273
Days payable—8496152208
Cash conversion cycle—215208233165
Working capital days—87704329

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

  • Promoters 58.86%
  • FIIs 1.27%
  • DIIs 17.68%
  • Public 22.04%
%Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.74%58.74%58.72%58.75%58.75%58.80%58.90%58.90%58.90%58.90%58.86%58.86%
1.59%1.69%1.91%1.47%1.70%1.25%1.24%1.22%1.25%1.10%0.94%1.27%
17.78%19.56%19.41%18.67%18.24%18.90%18.75%18.96%18.16%18.15%18.15%17.68%
21.88%20.00%19.92%21.07%21.28%21.03%21.02%20.83%21.60%21.77%21.90%22.04%
No. of Shareholders36,58832,60033,20134,51134,41634,67634,49733,12933,31932,65932,27632,457

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Indoco Remedies

Holder (above 1%)Stake
Nippon India Small Cap FundMutual fund4.80%
Quant Small Cap FundMutual fund4.55%
DSP Healthcare FundMutual fund4.34%
ICICI PRUDENTIAL PHARMA HEALTHCARE AND DIAGANOSTICS (P.H.D.) FUNDMutual fund · see the fund house1.80%
HDFC Value FundMutual fund1.66%

As named in the shareholding pattern for Jun 2026 filed with NSE; mutual funds together hold 17.16% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date
10 Sep 2026
Latest quarter
30 Jun 2026
Financial year end
31 Mar 2026

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Latest news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Indoco Remedies Limited

What is the share price of Indoco Remedies Limited today?
Indoco Remedies Limited (INDOCO) last traded at ₹245.65 on NSE (16 Oct 2026, 3:30 PM IST). Prices may be delayed.
What is the market cap of Indoco Remedies Limited?
About ₹2,264 crore at the latest price.
What is the P/E ratio of Indoco Remedies Limited?
About 767.7 times its earnings over the last 12 months.
Is Indoco Remedies Limited a good investment?
We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.
How can I buy Indoco Remedies Limited shares?
You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.
Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).
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