| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 240 | 153 | +57.5% |
| EBITDA | 45.5 | 1.5 | +2,981.3% |
| EBITDA margin | 18.9% | 1.0% | +17.9 pts |
| Profit before tax | 43.4 | 10.3 | +319.4% |
| Net profit | 34.2 | 8.0 | +328.3% |
| EPS | ₹3.94 | ₹1.00 | +294.0% |
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.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,291 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 385 | 442 | 467 | 432 | 18.2 | ||
| −0.1 | −0.1 | −0.0 | −0.0 | 0.0 | ||
| 17.9 | 17.9 | 40.6 | 16.6 | 862 | ||
| 2,923 | — | — | — | — | ||
| 753 | 641 | 562 | 1,281 | 1,207 | ||
| — | +14.2% | −56.1% | +6.1% | — | ||
| 104 | 45.1 | −19.4 | 254 | 229 | ||
| 13.8% | 7.0% | −3.5% | 19.9% | 19.0% | ||
| 71.3 | 14.5 | −43.9 | 201 | 172 | ||
| 83.6 | 41.4 | 250 | 421 | 47.6 | ||
| 11.1% | 6.5% | 44.6% | 32.9% | 3.9% | ||
| ₹9.62 | ₹4.77 | ₹28.84 | ₹48.53 | ₹5.48 | ||
| — | −83.5% | −40.6% | +785.5% | — | ||
| — | −63.2 | −25.5 | −181 | 195 | ||
| — | −87.7 | −64.4 | −44.5 | −12.8 | ||
| −151 | −151 | −89.9 | −225 | 182 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
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 | — | — | — | — | 3,290.7 | |
| - Cash, Equiv & ST Investments | 18.2 | 431.9 | 467.4 | 441.8 | 385.4 | |
| + Minority Interest | 0.0 | -0.0 | -0.0 | -0.1 | -0.1 | |
| + Total Debt | 861.5 | 16.6 | 40.6 | 17.9 | 17.9 | |
| Enterprise Value | — | — | — | — | 2,923.2 | |
| Revenue | 1,207.3 | 1,280.9 | 561.7 | 641.3 | 752.6 | |
| Growth %, YoY | — | +6.1 | -56.1 | +14.2 | — | |
| EBITDA | 229.2 | 254.2 | -19.4 | 45.1 | 103.6 | |
| Margin % | 18.98 | 19.85 | -3.45 | 7.03 | 13.77 | |
| EBIT | 171.8 | 200.9 | -43.9 | 14.5 | 71.3 | |
| Net Income | 47.6 | 421.5 | 250.5 | 41.4 | 83.6 | |
| Margin % | 3.94 | 32.90 | 44.59 | 6.46 | 11.10 | |
| EPS, Adj (current shares) | 5.48 | 48.53 | 28.84 | 4.77 | 9.62 | |
| Growth %, YoY | — | +785.5 | -40.6 | -83.5 | — | |
| Cash from Operations | 194.6 | -180.9 | -25.5 | -63.2 | — | |
| Capital Expenditures | -12.8 | -44.5 | -64.4 | -87.7 | — | |
| Free Cash Flow | 181.8 | -225.4 | -89.9 | -150.9 | -150.9 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Ind-Swift Laboratories (NSE: INDSWFTLAB) had a market capitalisation of ₹3,564 crore at the 29 October 2026 close (₹409.80 a share), a PE ratio of 42.6 on the last four quarters' profit and a price-to-book ratio of 2.42. In FY26 its consolidated net profit was ₹41.4 crore on revenue of ₹641 crore; in Q2 FY27 (July–September 2026) it was ₹34.2 crore, up 328.3% year on year. Its debt-to-equity ratio was 0.01 on 30 September 2026. Promoters held 42.93% of the shares on 30 September 2026.
Ind-Swift Laboratories' PE ratio is 42.6 at the 29 October 2026 close (₹409.80 a share): a market capitalisation of ₹3,564 crore divided by consolidated net profit of ₹83.6 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹41.4 crore) it is 86.0.
Ind-Swift Laboratories' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,474 crore on 30 September 2026, up 12.8% from ₹1,308 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,564 crore at the 29 October 2026 close.
Ind-Swift Laboratories' book value per share was ₹169.54 on 30 September 2026: shareholders' equity of ₹1,474 crore divided by the 8.7 crore shares in issue, up 5.8% from ₹160.21 a year earlier. The share price at the 29 October 2026 close was ₹409.80.
Ind-Swift Laboratories' price-to-book (PB) ratio is 2.42 at the 29 October 2026 close: a market capitalisation of ₹3,564 crore divided by shareholders' equity (book value) of ₹1,474 crore on 30 September 2026. That is a book value of ₹169.54 per share against a share price of ₹409.80.
In FY26, Ind-Swift Laboratories' return on equity (ROE) was 3.2% and its return on capital employed (ROCE) was 1.1%. 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 23.8% and ROCE −4.1%.
On 30 September 2026, Ind-Swift Laboratories' shares were held by promoters 42.93%, foreign portfolio investors (FII/FPI) 10.78%, domestic institutions (DII) 0.20% (including mutual funds at 0.00%) and retail and other non-institutional investors 46.09%. Over the year, FII holding was down 4.02 percentage points from 14.80% and DII holding was down 0.48 percentage points from 0.68%.
Ind-Swift Laboratories' market capitalisation was ₹3,564 crore at the 29 October 2026 close: 8.7 crore shares at ₹409.80 each.
No. Ind-Swift Laboratories had borrowings of ₹19.6 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.01. Its cash and current investments were ₹385 crore, so it held net cash of ₹366 crore.
Ind-Swift Laboratories' basic earnings per share (EPS) were ₹4.95 in FY26, against ₹37.25 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹9.76.
Ind-Swift Laboratories' debt-to-equity ratio was 0.01 on 30 September 2026: borrowings of ₹19.6 crore against total equity of ₹1,474 crore. A year earlier, on 30 September 2025, it was 0.02.
Promoters held 42.93% of Ind-Swift Laboratories on 30 September 2026, unchanged from the previous quarter and up 3.43 percentage points from 39.50% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Ind-Swift Laboratories generated ₹63.2 crore of cash from operations and spent ₹87.7 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹151 crore. In FY25 it was −₹89.9 crore.
Ind-Swift Laboratories' latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net profit ₹34.2 crore, up 328.3% from ₹8 crore in Q2 FY26; revenue from operations ₹240 crore, up 57.5% year on year.
In FY26 (April 2025–March 2026), Ind-Swift Laboratories' consolidated net profit was ₹41.4 crore, down 83.5% from ₹250 crore in FY25, on revenue from operations of ₹641 crore (up 14.2%). Over three years, from FY23, net profit was down 13.0%.
Ind-Swift Laboratories has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against SMS Pharmaceuticals, Solara Active Pharma Sciences and Dishman Carbogen Amcis: Ind-Swift Laboratories' operating margin of 2.3% is the lowest of the four (SMS Pharmaceuticals 14.8%, Solara Active Pharma Sciences 6.4%, Dishman Carbogen Amcis 7.7%; peer average 9.6%); its return on equity of 3.2% is the second highest of the four (SMS Pharmaceuticals 14.3%, Solara Active Pharma Sciences −0.6%, Dishman Carbogen Amcis 1.6%; peer average 5.1%); its revenue growth over three years of −19.0% a year is the lowest of the four (SMS Pharmaceuticals 19.3% a year, Solara Active Pharma Sciences −1.8% a year, Dishman Carbogen Amcis 6.7% a year; peer average 8.1% a year).
In FY26, Ind-Swift Laboratories earned net profit of ₹41.4 crore on revenue of ₹641 crore, against ₹102 crore on ₹887 crore for SMS Pharmaceuticals. Ind-Swift Laboratories' operating margin was 2.3% (SMS Pharmaceuticals 14.8%) and its return on equity 3.2% (SMS Pharmaceuticals 14.3%). At the 29 October 2026 close, Ind-Swift Laboratories' market capitalisation was ₹3,564 crore against ₹4,550 crore for SMS Pharmaceuticals, and its PE ratio on FY26 profit 86.0 against 44.6.
From Ind-Swift Laboratories' 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.