Hikal financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹403cr+5.9% on Q1 FY26
Net profit
−₹7.4cr−₹22.4 cr in Q1 FY26
EBITDA margin
9.2%+2.6 pts on Q1 FY26
EPS
−₹0.60−₹1.82 in Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue403380+5.9%
EBITDA37.025.1+47.4%
EBITDA margin9.2%6.6%+2.6 pts
Profit before tax−9.9−30.4—
Net profit−7.4−22.4—
EPS−₹0.60−₹1.82—

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹403 crNet profit₹−7.4 crNet margin−1.8%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
2,496————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
9.69.613.012.726.7
681681762815748
3,167————
1,7351,7131,8601,7852,023
—−7.9%+4.2%−11.8%—
232220328267257
13.4%12.9%17.7%15.0%12.7%
65.256.6194149148
−33.8−48.890.869.678.4
−1.9%−2.9%4.9%3.9%3.9%
−₹2.74−₹3.95₹7.35₹5.64₹6.35
—−153.7%+30.5%−11.2%—
—302280187315
—−148−137−204−303
154154143−17.512.7
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

HIKAL₹202.10

Hikal Limited

· Pharma & Health
₹ CrorePeersPANACEABIODCALSAIPARENTINDOCOSOLARAWINDLASINDSWFTLABHESTERBIOMcap ₹2,496 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————2,495.9
- Cash, Equiv & ST Investments26.712.713.09.69.6
+ Total Debt748.0814.7762.3681.1681.1
Enterprise Value————3,167.4
Revenue2,023.01,784.61,859.81,712.61,735.0
Growth %, YoY—-11.8+4.2-7.9—
EBITDA257.1267.0328.4220.4232.3
Margin %12.7114.9617.6612.8713.39
EBIT148.1149.4194.056.665.2
Net Income78.469.690.8-48.8-33.8
Margin %3.873.904.88-2.85-1.95
EPS, Adj (current shares)6.355.647.35-3.95-2.74
Growth %, YoY—-11.2+30.5-153.7—
Cash from Operations315.3186.7280.4302.0—
Capital Expenditures-302.6-204.2-137.3-148.1—
Free Cash Flow12.7-17.5143.1153.9153.9
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Hikal financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Hikal (NSE: HIKAL) had a market capitalisation of ₹2,524 crore at the 29 October 2026 close (₹204.40 a share) and a price-to-book ratio of 2.11. In FY26 its consolidated net loss was ₹48.8 crore on revenue of ₹1,713 crore; in Q1 FY27 (April–June 2026) it was a loss of ₹7.4 crore. Its debt-to-equity ratio was 0.57 on 31 March 2026. Promoters held 68.85% of the shares on 30 September 2026.

Share price used
₹204.40 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Hikal at a glance · consolidated

Market cap
₹2,524 Crat ₹204.40 · 29 Oct close
PE ratio
n/aloss over the last 4 quarters
Price to book (PB)
2.11book value ₹97.07 a share
ROE (FY26)
−4.0%−11.4 pts vs FY25ROCE 3.3%
Debt to equity
0.57net debt ₹667 Cr
Promoter holding
68.85%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.29%₹0.60 a share in 12 months
Net worth
₹1,199 Cr−5.0% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹154 Cr+7.5% vs FY25

Questions

What is the Hikal PE ratio today?

Hikal's PE ratio is not meaningful at the 29 October 2026 close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹33.8 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹2,524 crore at ₹204.40 a share.

What is the Hikal PB ratio (price to book value)?

Hikal's price-to-book (PB) ratio is 2.11 at the 29 October 2026 close: a market capitalisation of ₹2,524 crore divided by shareholders' equity (book value) of ₹1,199 crore on 31 March 2026. That is a book value of ₹97.07 per share against a share price of ₹204.40.

What is the Hikal net worth?

Hikal's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,199 crore on 31 March 2026, down 5.0% from ₹1,262 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,524 crore at the 29 October 2026 close.

What is the Hikal market cap?

Hikal's market capitalisation was ₹2,524 crore at the 29 October 2026 close: 12.35 crore shares at ₹204.40 each.

What is the Hikal debt to equity ratio?

Hikal's debt-to-equity ratio was 0.57 on 31 March 2026: borrowings of ₹681 crore against total equity of ₹1,199 crore. A year earlier, on 31 March 2025, it was 0.60.

What is the Hikal EPS?

Hikal's basic earnings per share (EPS) were −₹3.96 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹2.74.

Is Hikal debt free?

No. Hikal had borrowings of ₹681 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.57. Its cash and current investments were ₹13.8 crore, so its net debt was ₹667 crore.

What is the Hikal dividend in 2026 and its record date?

In 2026, Hikal has declared two dividends totalling ₹0.60 a share: ₹0.20 (interim) with record date 17 February 2026 and ₹0.40 with record date 4 September 2026.

What is the Hikal promoter holding?

Promoters held 68.85% of Hikal on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the Hikal ROE and ROCE?

In FY26, Hikal's return on equity (ROE) was −4.0% and its return on capital employed (ROCE) was 3.3%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 7.4% and ROCE 11.2%.

What is the Hikal shareholding pattern?

On 30 September 2026, Hikal's shares were held by promoters 68.85%, foreign portfolio investors (FII/FPI) 1.27%, domestic institutions (DII) 5.32% (including mutual funds at 5.09%) and retail and other non-institutional investors 24.56%. Over the year, FII holding was down 2.96 percentage points from 4.23% and DII holding was up 0.16 percentage points from 5.16%.

How does Hikal compare with its peers?

On FY26 consolidated figures, against Panacea Biotec, Dishman Carbogen Amcis and Sai Parenterals: Hikal's operating margin of 3.3% is the third highest of the four (Panacea Biotec −5.9%, Dishman Carbogen Amcis 7.7%, Sai Parenterals 5.7%; peer average 2.5%); its return on equity of −4.0% is the lowest of the four (Panacea Biotec −0.6%, Dishman Carbogen Amcis 1.6%, Sai Parenterals 2.9%; peer average 1.3%).

What is the Hikal book value per share?

Hikal's book value per share was ₹97.07 on 31 March 2026: shareholders' equity of ₹1,199 crore divided by the 12.35 crore shares in issue, down 5.0% from ₹102.21 a year earlier. The share price at the 29 October 2026 close was ₹204.40.

What is the Hikal dividend yield?

Hikal's dividend yield is 0.29% at the 29 October 2026 close: dividends of ₹0.60 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹204.40. They were ₹0.40 on 4 September 2026 and ₹0.20 on 17 February 2026 (interim).

What are the Hikal latest quarterly results?

Hikal's latest results are for Q1 FY27 (April–June 2026), filed on 6 August 2026: consolidated net loss ₹7.4 crore, narrower than the loss of ₹22.4 crore in Q1 FY26; revenue from operations ₹403 crore, up 5.9% year on year.

What is the Hikal free cash flow?

In FY26, Hikal generated ₹302 crore of cash from operations and spent ₹148 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹154 crore. In FY25 it was ₹143 crore.

What is the Hikal revenue and profit in FY26?

In FY26 (April 2025–March 2026), Hikal's consolidated net loss was ₹48.8 crore, against a profit of ₹90.8 crore in FY25, on revenue from operations of ₹1,713 crore (down 7.9%).

When are the Hikal next results?

Hikal will announce its Q2 FY27 results (July–September 2026) on Tuesday, 3 November 2026, the date of the board meeting it has notified to the exchanges.

Hikal vs Panacea Biotec: how do they compare?

In FY26, Hikal earned net profit of ₹48.8 crore on revenue of ₹1,713 crore, against ₹5.4 crore on ₹640 crore for Panacea Biotec. Hikal's operating margin was 3.3% (Panacea Biotec −5.9%) and its return on equity −4.0% (Panacea Biotec −0.6%). At the 29 October 2026 close, Hikal's market capitalisation was ₹2,524 crore against ₹1,998 crore for Panacea Biotec.

Where do these Hikal figures come from?

From Hikal's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.