Hikal balance sheet

As of Mar 2026

Total assets: ₹2,365cr−6.5% on Mar 2025
Shareholders' equity: ₹1,199cr−5.0% on Mar 2025
Total debt: ₹681cr−10.7% on Mar 2025
Cash and investments: ₹9.6cr−26.2% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	1,327	1,357	1,060	948
	94.5	121	414	402
	5.8	7.8	10.2	0.1
	0.0	0.0	0.0	10.1
	9.5	9.5	5.4	5.3
	0.0	0.0	0.3	0.3
	21.5	21.5	29.9	18.7
	31.0	31.0	35.6	24.3
	0.0	0.0	0.0	2.0
	22.9	16.8	0.0	59.7
	1,481	1,534	1,521	1,446
	358	335	304	317
	442	522	550	442
	9.6	13.0	12.7	26.7
	4.2	5.0	8.2	32.8
	0.3	0.5	0.5	0.2
	31.8	65.5	91.1	121
	488	606	663	622
	38.5	54.5	0.0	0.0
	884	995	967	939
	2,365	2,529	2,487	2,385
Equity
	24.7	24.7	24.7	24.7
	1,174	1,238	1,163	1,109
	1,199	1,262	1,188	1,133
	1,199	1,262	1,188	1,133
Liabilities
	373	367	423	490
	2.7	2.4	2.6	0.0
	376	370	425	490
	55.7	15.7	28.0	24.2
	4.3	32.5	30.0	32.7
	51.9	59.3	59.4	43.6
	488	477	543	590
	308	395	392	258
	267	304	279	313
	43.9	44.6	40.8	48.8
	618	744	712	620
	39.3	17.3	4.4	3.5
	1.3	12.7	12.0	14.0
	19.9	15.7	28.5	23.7
	679	790	757	662
	1,167	1,267	1,299	1,252
	2,365	2,529	2,487	2,385
Trade payables — MSME split
	28.2	18.3	—	—
	238	286	—	—

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

alphave

HIKAL₹202.10

Hikal Limited

· Pharma & Health

₹ CrorePeersPANACEABIO DCAL SAIPARENT INDOCO SOLARA WINDLAS INDSWFTLAB HESTERBIOMcap ₹2,496 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	948.2	1,060.5	1,356.7	1,327.1	1,327.1
+ Capital Work-in-Progress	402.1	414.3	121.2	94.5	94.5
+ Other Intangibles	0.1	10.2	7.8	5.8	5.8
+ Intangibles under Development	10.1	0.0	0.0	0.0	0.0
+ Non-current Investments	5.3	5.4	9.5	9.5	9.5
+ Long-term Loans	0.3	0.3	0.0	0.0	0.0
+ Other Non-current Financial Assets	18.7	29.9	21.5	21.5	21.5
Non-current Financial Assets	24.3	35.6	31.0	31.0	31.0
+ Deferred Tax Assets	2.0	0.0	0.0	0.0	0.0
+ Other Non-current Assets	59.7	0.0	16.8	22.9	22.9
Total Non-current Assets	1,446.5	1,520.5	1,533.5	1,481.3	1,481.3
Current Assets
+ Inventories	316.7	303.7	334.5	358.1	358.1
+ Trade Receivables	441.8	550.3	522.4	441.6	441.6
+ Cash & Cash Equivalents	26.7	12.7	13.0	9.6	9.6
+ Other Bank Balances	32.8	8.2	5.0	4.2	4.2
+ Short-term Loans	0.2	0.5	0.5	0.3	0.3
+ Other Current Financial Assets	120.7	91.1	65.5	31.8	31.8
Current Financial Assets	622.3	662.9	606.4	487.5	487.5
+ Other Current Assets	0.0	0.0	54.5	38.5	38.5
Total Current Assets	939.0	966.6	995.4	884.1	884.1
Total Assets	2,385.5	2,487.1	2,528.9	2,365.4	2,365.4
Equity
+ Equity Share Capital	24.7	24.7	24.7	24.7	24.7
+ Other Equity / Reserves	1,108.8	1,163.0	1,237.6	1,174.1	1,174.1
Equity — Owners of Parent	1,133.5	1,187.7	1,262.3	1,198.8	1,198.8
Total Equity	1,133.5	1,187.7	1,262.3	1,198.8	1,198.8
Liabilities
+ Borrowings — Non-current	489.9	422.9	367.2	373.1	373.1
+ Other Non-current Financial Liab	0.0	2.6	2.4	2.7	2.7
Non-current Financial Liabilities	489.9	425.5	369.6	375.8	375.8
+ Provisions — Non-current	24.2	28.0	15.7	55.7	55.7
+ Deferred Tax Liabilities	32.7	30.0	32.5	4.3	4.3
+ Other Non-current Liabilities	43.6	59.4	59.3	51.9	51.9
Non-current Liabilities	590.5	542.9	477.1	487.7	487.7
+ Borrowings — Current	258.1	391.9	395.1	308.0	308.0
+ Trade Payables	313.5	279.1	304.1	266.5	266.5
+ Other Current Financial Liab	48.8	40.8	44.6	43.9	43.9
Current Financial Liabilities	620.4	711.7	743.8	618.4	618.4
+ Provisions — Current	3.5	4.4	17.3	39.3	39.3
+ Current Tax Liabilities	14.0	12.0	12.7	1.3	1.3
+ Other Current Liabilities	23.7	28.5	15.7	19.9	19.9
Current Liabilities	661.6	756.6	789.5	678.9	678.9
Total Liabilities	1,252.0	1,299.5	1,266.6	1,166.6	1,166.6
Total Equity & Liabilities	2,385.5	2,487.1	2,528.9	2,365.4	2,365.4
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	18.3	28.2	28.2
+ Dues to Other Creditors — Current	—	—	285.8	238.3	238.3

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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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%.