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Hikal Limited

Hikal Limited

NSE: HIKAL
Drug Manufacturers - Specialty & GenericHealthcareSMALL CAPMCap ₹2.66k Cr
₹215.64₹-0.83 (-0.38%)

Market Closed • NSE

Market cap₹2.66k Cr
Enterprise value₹3.34k Cr
Forward P/E23.96
P/B2.21
EPS TTM₹-2.74
Forward EPS₹9.00
ROCE3.50%
D/E0.57
Dividend yield28.00%
Face value₹2.00
52W high₹261.00
52W low₹146.25
Price chart(1Y)
1Y Return:+17.20% (+₹31.65)
H: ₹257L: ₹178.55
1W+1.32%
1M-4.28%
3M-4.05%
6M+15.24%
1Y-10.26%
Today at a glance

Day range

₹212.75₹216.99

52 week range

₹146.25₹261.00
Volume197.7K0.36x 20D avg
Free float50.00%-64.40% volume

Hikal Limited closed at INR215.64 (-0.38%) on volume 0.36x its 20-day average, trading 17.38% below its 52-week high.

Technical analysis
RSI (14)47.6Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹9.57High
SMA 20₹218.90BEARISH
SMA 50₹218.87BEARISH
SMA 100₹215.84BEARISH
SMA 200₹204.92BULLISH
CPR bottom₹216.87
Pivot₹216.73
CPR top₹216.60
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -151.4% QoQ

2026-09-04

DIVIDEND Announced

Dividend - Re 0.40 Per Share

2026-02-17

DIVIDEND Announced

Interim Dividend - Re 0.20 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹1.52k Cr₹2.66k Cr57.04%≤ 33%FAIL
Non-halal income ratio–₹1.70k Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹2.66k Cr—≥ 20%PASS
Receivables ratio–₹2.66k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E—37.00
Forward P/E23.96—
P/B2.215.00
EV/EBITDA—18.00
PEG—1.00
Earnings yield—2.70
Growth & profitability
RevenuePAT
FY26PAT margin -2.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y0.00%
Revenue CAGR 5Y-0.20%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin-1.42%
Net margin-1.95%
Financial health & cash flow
Net debt₹1.52k CrModerate
Interest coverage—xEBIT / interest
CFO / PAT—x3Y average
Net debt / EBITDA—Leverage
Operating cash flow–
Capital expenditure–
Free cash flow–
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation50/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Established operational history in the sector

Active institutional participation

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Drug Manufacturers - Specialty & Generic.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
8.64%Institutional holding
22.51%Public holding
5Periods available
0.00%Promoter pledged
74.27KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
04 Sept 2026Dividend₹0.40 / share—04 Sept 2026
17 Feb 2026Dividend₹0.20 / share—17 Feb 2026
02 Sept 2025Dividend₹0.80 / share—02 Sept 2025
08 Feb 2025Dividend₹0.60 / share—07 Feb 2025
—Annual General MeetingAnnual General Meeting—10 Sept 2024
04 Sept 2024Dividend₹0.60 / share—04 Sept 2024
20 Feb 2024Dividend₹0.60 / share—20 Feb 2024
—Dividend₹0.60 / share—18 Sept 2023
14 Feb 2023Dividend₹0.60 / share—14 Feb 2023
15 Sept 2022Dividend₹0.40 / share—14 Sept 2022
—Annual General MeetingAnnual General Meeting—14 Sept 2022
24 Feb 2022Dividend₹1.20 / share—23 Feb 2022
26 Aug 2021Dividend₹1.00 / share—25 Aug 2021
16 Feb 2021Dividend₹1.00 / share—15 Feb 2021
—Dividend₹0.20 / share—07 Sept 2020
18 Feb 2020Dividend₹1.00 / share—17 Feb 2020
—Dividend₹0.60 / share—23 Jul 2019
14 Feb 2019Dividend₹0.60 / share—13 Feb 2019
—Dividend₹0.50 / share—31 Jul 2018
25 Jun 2018Bonus issue1:2 bonus ratio—22 Jun 2018
22 Feb 2018Dividend₹0.70 / share—21 Feb 2018
—Dividend₹0.60 / share—02 Aug 2017
14 Feb 2017Dividend₹0.60 / share—13 Feb 2017
—Dividend₹0.50 / share—02 Aug 2016
18 May 2016Dividend₹0.50 / share—17 May 2016
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)37.17%+2.11% latest vs average
Highest delivery48.94%on 14 Oct
Average volume (20D)555.8KTrading-session average
Conviction trendStrengthening+2.11% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries LimitedSUNPHARMA
Open analysis
₹4.22L34.900.91%₹15,300.00₹2,901.00+10.46%+26.52%
Divi's Laboratories Limited
Divi's Laboratories LimitedDIVISLAB
Open analysis
₹2.43L82.970.33%₹3,080.00₹902.00+27.80%+65.50%
Torrent Pharmaceuticals Limited
Torrent Pharmaceuticals LimitedTORNTPHARM
Open analysis
₹1.73L72.830.83%₹4,128.00₹389.00+41.90%-21.89%
Apollo Hospitals Enterprise Limited
Apollo Hospitals Enterprise LimitedAPOLLOHOSP
Open analysis
₹1.13L54.320.25%₹7,044.00₹610.00+20.58%+38.32%
Zydus Lifesciences Limited
Zydus Lifesciences LimitedZYDUSLIFE
Open analysis
₹1.12L25.030.09%₹8,017.00₹990.00+21.95%-34.91%
LENSKART SOLUTIONS LTD
LENSKART SOLUTIONS LTDLENSKART
Open analysis
₹1.12L174.730.00%₹2,714.00₹228.00+43.29%+273.77%
Laurus Labs Limited
Laurus Labs LimitedLAURUSLABS
Open analysis
₹1.11L101.830.12%₹2,026.31₹367.60+29.10%+125.49%
Cipla Limited
Cipla LimitedCIPLA
Open analysis
₹1.07L31.780.98%₹7,119.00₹786.00+2.33%-39.16%
About Hikal Limited
Hikal Limited

Hikal is a partner to companies in the Pharmaceuticals, Crop Protection, and Specialty Chemicals industry. The company is in the business of supplying research services, active ingredients and intermediates for its customers. Hikal's manufacturing facilities have been inspected and approved by leading multinational companies in the Crop protection and Pharmaceutical sectors. The Crop protection facilities are located at Taloja and Mahad {Maharashtra). The Pharmaceutical manufacturing facilities are situated in Jigani (Bengaluru) and Panoli (Gujarat). Hikal's R & D facilities are located in Pune.[1]

IndiaHealthcare

Questions investors ask
Is Hikal Limited Shariah compliant?

Hikal Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (57.04%) exceeds AAOIFI threshold (≤ 33%).

What is Hikal Limited's current valuation relative to peers?

Hikal Limited trades at a P/E of N/A compared to the sector median of 37x, and a Price-to-Book of 2.2x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.57x. Interest coverage is comfortable.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -0.2% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.