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NIFTY 5024,980.40+0.35%
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GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
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Indoco Remedies Limited

Indoco Remedies Limited

NSE: INDOCO
Drug Manufacturers - Specialty & GenericHealthcareSMALL CAPMCap ₹2.26k Cr
₹245.65₹4.60 (+1.91%)

Market Closed • NSE

Market cap₹2.26k Cr
Enterprise value₹3.26k Cr
P/E TTM767.66
Forward P/E20.22
P/B2.20
EPS TTM₹0.32
Forward EPS₹12.15
ROCE0.96%
D/E1.17
Dividend yield0.00%
Face value₹2.00
52W high₹293.25
52W low₹162.19
Price chart(1Y)
1Y Return:-1.27% (₹3.15)
H: ₹287.8L: ₹214.06
1W+7.41%
1M-3.45%
3M-0.08%
6M+14.91%
1Y-13.87%
Today at a glance

Day range

₹237.65₹250.20

52 week range

₹162.19₹293.25
Volume454.8K0.35x 20D avg
Free float50.00%-64.60% volume

Indoco Remedies Limited closed at INR245.65 (+1.91%) on volume 0.35x its 20-day average, trading 16.23% below its 52-week high.

Technical analysis
RSI (14)51.1Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹13.67High
SMA 20₹246.65BEARISH
SMA 50₹241.70BULLISH
SMA 100₹237.13BULLISH
SMA 200₹222.41BULLISH
CPR bottom₹244.00
Pivot₹243.02
CPR top₹242.03
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +370.8% QoQ

2026-09-10

DIVIDEND Announced

Dividend - Re 0.20 Per Share

2025-09-04

DIVIDEND Announced

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₹1.09k Cr₹2.26k Cr48.13%≤ 33%FAIL
Non-halal income ratio–₹1.79k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹2.57k Cr₹2.59k Cr99.00%≥ 20%PASS
Receivables ratio–₹2.59k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E767.6637.00
Forward P/E20.22—
P/B2.205.00
EV/EBITDA—18.00
PEG—1.00
Earnings yield0.102.70
Growth & profitability
RevenuePAT
FY25PAT margin -4.70%
FY26PAT margin -5.20%

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

Revenue CAGR 3Y+2.50%
Revenue CAGR 5Y+1.80%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin1.39%
Net margin0.30%
Financial health & cash flow
Net debt₹1.06k CrModerate
Interest coverage0.10xEBIT / interest
CFO / PAT—x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹226.3 Cr
Capital expenditure–
Free cash flow₹101.0 Cr
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
Overall38/100
Valuation35/100
Profitability50/100
Financial health30/100

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

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Stretched Valuation: Trading at a high P/E multiple of 767.7x

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

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
19.09%Institutional holding
21.90%Public holding
5Periods available
0.00%Promoter pledged
32.28KShareholders
Corporate Action

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

Record dateCorporate actionInformationAnnouncement dateEx-date
10 Sept 2026Dividend₹0.20 / share—10 Sept 2026
04 Sept 2025Dividend₹0.20 / share—04 Sept 2025
—Dividend₹1.50 / share—19 Sept 2024
—Dividend₹2.25 / share—18 Sept 2023
—Dividend₹1.50 / share—14 Sept 2022
—Dividend₹1.50 / share—17 Sept 2021
—DividendAnnual General Meeting/Dividend - Re 0.30 Per Sh—18 Sept 2020
—Dividend₹0.30 / share—22 Aug 2019
—Dividend₹1.00 / share—31 Aug 2018
—Dividend₹1.60 / share—31 Jul 2017
—Dividend₹0.20 / share—20 Jul 2016
18 Mar 2016Dividend₹1.40 / share—17 Mar 2016
—Dividend₹1.60 / share—21 Jul 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)39.26%+3.93% latest vs average
Highest delivery57.56%on 09 Oct
Average volume (20D)1.28MTrading-session average
Conviction trendStrengthening+3.93% 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 Indoco Remedies Limited
Indoco Remedies Limited

Indoco Remedies (Indoco) is a Mumbai-based pharmaceutical company that focuses on formulations with a presence in contract manufacturing and research. The Company is engaged in the manufacturing and marketing of pharmaceutical Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs).[1]

IndiaHealthcare

Questions investors ask
Is Indoco Remedies Limited Shariah compliant?

Indoco Remedies 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 (48.13%) exceeds AAOIFI threshold (≤ 33%).

What is Indoco Remedies Limited's current valuation relative to peers?

Indoco Remedies Limited trades at a P/E of 767.7x 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 1.17x. Interest coverage is 0.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 1.8% 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.