| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 520 | 485 | +7.3% |
| EBITDA | 46.4 | 43.1 | +7.9% |
| EBITDA margin | 8.9% | 8.9% | 0.0 pts |
| Profit before tax | 24.2 | −13.5 | — |
| Net profit | 19.5 | −9.2 | — |
| EPS | ₹2.11 | −₹1.00 | — |
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 |
|---|
| 1,973 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 44.9 | 25.9 | 12.1 | 22.1 | 11.9 | ||
| −5.6 | −7.2 | −3.6 | 0.6 | — | ||
| 1,036 | 1,036 | 994 | 672 | 333 | ||
| 2,958 | — | — | — | — | ||
| 1,909 | 1,845 | 1,665 | 1,817 | 1,669 | ||
| — | +10.8% | −8.4% | +8.9% | — | ||
| 169 | 142 | 99.3 | 244 | 286 | ||
| 8.8% | 7.7% | 6.0% | 13.4% | 17.2% | ||
| 35.2 | 15.4 | −14.6 | 152 | 215 | ||
| 31.8 | −98.7 | −78.0 | 97.0 | 142 | ||
| 1.7% | −5.4% | −4.7% | 5.3% | 8.5% | ||
| ₹3.46 | −₹10.31 | −₹7.99 | ₹10.67 | ₹15.41 | ||
| — | −29.0% | −174.9% | −30.8% | — | ||
| — | 192 | 94.9 | 157 | 179 | ||
| — | −148 | −356 | −427 | −207 | ||
| 44.7 | 44.7 | −261 | −271 | −28.4 | ||
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 | — | — | — | — | 1,972.9 | |
| - Cash, Equiv & ST Investments | 11.9 | 22.1 | 12.1 | 25.9 | 44.9 | |
| + Minority Interest | — | 0.6 | -3.6 | -7.2 | -5.6 | |
| + Total Debt | 332.9 | 672.0 | 993.6 | 1,035.9 | 1,035.9 | |
| Enterprise Value | — | — | — | — | 2,958.3 | |
| Revenue | 1,668.6 | 1,817.3 | 1,664.9 | 1,845.3 | 1,908.6 | |
| Growth %, YoY | — | +8.9 | -8.4 | +10.8 | — | |
| EBITDA | 286.1 | 244.3 | 99.3 | 141.8 | 168.7 | |
| Margin % | 17.15 | 13.44 | 5.96 | 7.68 | 8.84 | |
| EBIT | 215.5 | 152.4 | -14.6 | 15.4 | 35.2 | |
| Net Income | 142.3 | 97.0 | -78.0 | -98.7 | 31.8 | |
| Margin % | 8.53 | 5.34 | -4.68 | -5.35 | 1.67 | |
| EPS, Adj (current shares) | 15.41 | 10.67 | -7.99 | -10.31 | 3.46 | |
| Growth %, YoY | — | -30.8 | -174.9 | -29.0 | — | |
| Cash from Operations | 178.8 | 156.7 | 94.9 | 192.2 | — | |
| Capital Expenditures | -207.3 | -427.3 | -356.2 | -147.5 | — | |
| Free Cash Flow | -28.4 | -270.6 | -261.2 | 44.7 | 44.7 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Indoco Remedies (NSE: INDOCO) had a market capitalisation of ₹1,934 crore at the 29 October 2026 close (₹209.50 a share), a PE ratio of 60.5 on the last four quarters' profit and a price-to-book ratio of 1.89. In FY26 its consolidated net loss was ₹95.2 crore on revenue of ₹1,845 crore; in Q2 FY27 (July–September 2026) it was ₹18.4 crore. Its debt-to-equity ratio was 0.96 on 30 September 2026. Promoters held 58.92% of the shares on 30 September 2026.
Indoco Remedies' PE ratio is 60.5 at the 29 October 2026 close (₹209.50 a share): a market capitalisation of ₹1,934 crore divided by consolidated net profit attributable to shareholders of ₹31.9 crore over the last four quarters (Q3 FY26 to Q2 FY27). These four quarters include net exceptional items of ₹132 crore (one-off gains reported separately), so the ratio on recurring profit would differ.
Indoco Remedies' price-to-book (PB) ratio is 1.89 at the 29 October 2026 close: a market capitalisation of ₹1,934 crore divided by shareholders' equity (book value) of ₹1,022 crore on 30 September 2026. That is a book value of ₹110.68 per share against a share price of ₹209.50.
In FY26, Indoco Remedies' return on equity (ROE) was −9.7% and its return on capital employed (ROCE) was 1.0%. ROE is net profit attributable to shareholders 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 −6.9% and ROCE −0.9%.
Indoco Remedies' market capitalisation was ₹1,934 crore at the 29 October 2026 close: 9.23 crore shares at ₹209.50 each.
Indoco Remedies' basic earnings per share (EPS) were −₹10.70 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹3.43.
In 2026, Indoco Remedies has declared one dividend: ₹0.20 with record date 10 September 2026.
No. Indoco Remedies had borrowings of ₹976 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.96. Its cash and current investments were ₹52.5 crore, so its net debt was ₹924 crore.
Indoco Remedies' debt-to-equity ratio was 0.96 on 30 September 2026: borrowings of ₹976 crore against total equity of ₹1,016 crore. A year earlier, on 30 September 2025, it was 1.03.
Indoco Remedies' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,022 crore on 30 September 2026, up 4.3% from ₹980 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,934 crore at the 29 October 2026 close.
Indoco Remedies' book value per share was ₹110.68 on 30 September 2026: shareholders' equity of ₹1,022 crore divided by the 9.23 crore shares in issue, up 4.2% from ₹106.21 a year earlier. The share price at the 29 October 2026 close was ₹209.50.
Indoco Remedies' dividend yield is 0.10% at the 29 October 2026 close: dividends of ₹0.20 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹209.50. They were ₹0.20 on 10 September 2026.
Indoco Remedies' latest results are for Q2 FY27 (July–September 2026), filed on 27 October 2026: consolidated net profit attributable to shareholders ₹18.4 crore, against a loss of ₹7.9 crore in Q2 FY26; revenue from operations ₹520 crore, up 7.3% year on year.
Promoters held 58.92% of Indoco Remedies on 30 September 2026, up 0.06 percentage points from 58.86% the previous quarter and up 0.02 percentage points from 58.90% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Indoco Remedies generated ₹192 crore of cash from operations and spent ₹148 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹44.7 crore. In FY25 it was −₹261 crore.
In FY26 (April 2025–March 2026), Indoco Remedies' consolidated net loss was ₹95.2 crore, wider than the loss of ₹73.7 crore in FY25, on revenue from operations of ₹1,845 crore (up 10.8%).
On 30 September 2026, Indoco Remedies' shares were held by promoters 58.92%, foreign portfolio investors (FII/FPI) 1.64%, domestic institutions (DII) 16.64% (including mutual funds at 16.44%) and retail and other non-institutional investors 22.66%. Over the year, FII holding was up 0.39 percentage points from 1.25% and DII holding was down 1.52 percentage points from 18.16%.
On FY26 consolidated figures, against Sai Parenterals, Panacea Biotec and Hikal: Indoco Remedies' operating margin of 0.8% is the third highest of the four (Sai Parenterals 5.7%, Panacea Biotec −5.9%, Hikal 3.3%; peer average 1.0%); its return on equity of −9.7% is the lowest of the four (Sai Parenterals 2.9%, Panacea Biotec −0.6%, Hikal −4.0%; peer average −0.6%).
In FY26, Indoco Remedies earned net profit attributable to shareholders of ₹95.2 crore on revenue of ₹1,845 crore, against ₹14.3 crore on ₹381 crore for Sai Parenterals. Indoco Remedies' operating margin was 0.8% (Sai Parenterals 5.7%) and its return on equity −9.7% (Sai Parenterals 2.9%). At the 29 October 2026 close, Indoco Remedies' market capitalisation was ₹1,934 crore against ₹2,234 crore for Sai Parenterals.
Indoco Remedies 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.
From Indoco Remedies' 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.