| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 2,788 | 2,309 | +20.8% |
| EBITDA | 670 | 416 | +60.8% |
| EBITDA margin | 24.0% | 18.0% | +6.0 pts |
| Profit before tax | 572 | 331 | +73.1% |
| Net profit | 424 | 233 | +82.2% |
| EPS | ₹15.84 | ₹9.19 | +72.4% |
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 |
|---|
| 48,977 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 1,071 | 1,071 | 931 | 767 | 1,581 | ||
| 1,460 | 1,460 | 1,440 | 1,395 | 73.3 | ||
| 704 | 704 | 1,302 | 1,388 | 1,458 | ||
| 50,070 | — | — | — | — | ||
| 10,126 | 9,646 | 8,940 | 7,705 | 6,244 | ||
| — | +7.9% | +16.0% | +23.4% | — | ||
| 2,232 | 1,979 | 1,726 | 1,321 | 927 | ||
| 22.0% | 20.5% | 19.3% | 17.2% | 14.8% | ||
| 1,803 | 1,560 | 1,328 | 964 | 665 | ||
| 1,375 | 1,184 | 785 | 523 | 479 | ||
| 13.6% | 12.3% | 8.8% | 6.8% | 7.7% | ||
| ₹51.63 | ₹44.98 | ₹29.08 | ₹21.57 | ₹18.58 | ||
| — | +54.7% | +34.8% | +16.1% | — | ||
| — | 1,142 | 1,321 | 945 | 806 | ||
| — | −652 | −776 | −411 | −494 | ||
| 490 | 490 | 546 | 533 | 311 | ||
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 | — | — | — | — | 48,976.8 | |
| - Cash, Equiv & ST Investments | 1,581.2 | 767.3 | 930.6 | 1,070.5 | 1,070.5 | |
| + Minority Interest | 73.3 | 1,394.8 | 1,439.8 | 1,460.3 | 1,460.3 | |
| + Total Debt | 1,457.5 | 1,387.5 | 1,301.7 | 703.9 | 703.9 | |
| Enterprise Value | — | — | — | — | 50,070.4 | |
| Revenue | 6,244.3 | 7,705.0 | 8,939.6 | 9,646.3 | 10,125.6 | |
| Growth %, YoY | — | +23.4 | +16.0 | +7.9 | — | |
| EBITDA | 926.8 | 1,321.2 | 1,726.1 | 1,978.6 | 2,231.7 | |
| Margin % | 14.84 | 17.15 | 19.31 | 20.51 | 22.04 | |
| EBIT | 665.2 | 963.9 | 1,328.3 | 1,560.4 | 1,802.8 | |
| Net Income | 479.0 | 522.9 | 785.2 | 1,183.8 | 1,375.2 | |
| Margin % | 7.67 | 6.79 | 8.78 | 12.27 | 13.58 | |
| EPS, Adj (current shares) | 18.58 | 21.57 | 29.08 | 44.98 | 51.63 | |
| Growth %, YoY | — | +16.1 | +34.8 | +54.7 | — | |
| Cash from Operations | 805.8 | 944.7 | 1,321.3 | 1,142.0 | — | |
| Capital Expenditures | -494.5 | -411.3 | -775.5 | -652.3 | — | |
| Free Cash Flow | 311.3 | 533.4 | 545.8 | 489.7 | 489.7 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Ipca Laboratories (NSE: IPCALAB) had a market capitalisation of ₹48,868 crore at the 29 October 2026 close (₹1,926.20 a share), a PE ratio of 37.3 on the last four quarters' profit and a price-to-book ratio of 6.06. In FY26 its consolidated net profit attributable to shareholders was ₹1,141 crore on revenue of ₹9,646 crore; in Q1 FY27 (April–June 2026) it was ₹402 crore, up 72.3% year on year. Its debt-to-equity ratio was 0.07 on 31 March 2026. Promoters held 44.72% of the shares on 30 September 2026.
Ipca Laboratories' PE ratio is 37.3 at the 29 October 2026 close (₹1,926.20 a share): a market capitalisation of ₹48,868 crore divided by consolidated net profit attributable to shareholders of ₹1,310 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹1,141 crore) it is 42.8.
Ipca Laboratories' price-to-book (PB) ratio is 6.06 at the 29 October 2026 close: a market capitalisation of ₹48,868 crore divided by shareholders' equity (book value) of ₹8,064 crore on 31 March 2026. That is a book value of ₹317.85 per share against a share price of ₹1,926.20.
In FY26, Ipca Laboratories' return on equity (ROE) was 15.2% and its return on capital employed (ROCE) was 16.1%. 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 11.1% and ROCE 14.7%.
Ipca Laboratories' market capitalisation was ₹48,868 crore at the 29 October 2026 close: 25.37 crore shares at ₹1,926.20 each.
No. Ipca Laboratories had borrowings of ₹704 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.07. Its cash and current investments were ₹1,198 crore, so it held net cash of ₹494 crore.
In 2026, Ipca Laboratories has declared one dividend: ₹6 with record date 7 August 2026.
Ipca Laboratories' debt-to-equity ratio was 0.07 on 31 March 2026: borrowings of ₹704 crore against total equity of ₹9,524 crore. A year earlier, on 31 March 2025, it was 0.16.
Ipca Laboratories' dividend yield is 0.31% at the 29 October 2026 close: dividends of ₹6 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,926.20. They were ₹6 on 7 August 2026.
Promoters held 44.72% of Ipca Laboratories on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Ipca Laboratories' net worth — shareholders' equity in its consolidated balance sheet — was ₹8,064 crore on 31 March 2026, up 16.1% from ₹6,948 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹48,868 crore at the 29 October 2026 close.
Ipca Laboratories' book value per share was ₹317.85 on 31 March 2026: shareholders' equity of ₹8,064 crore divided by the 25.37 crore shares in issue, up 16.1% from ₹273.88 a year earlier. The share price at the 29 October 2026 close was ₹1,926.20.
Ipca Laboratories' latest results are for Q1 FY27 (April–June 2026), filed on 13 August 2026: consolidated net profit attributable to shareholders ₹402 crore, up 72.3% from ₹233 crore in Q1 FY26; revenue from operations ₹2,788 crore, up 20.8% year on year.
Ipca Laboratories' basic earnings per share (EPS) were ₹44.98 in FY26, against ₹29.08 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹51.63.
In FY26, Ipca Laboratories generated ₹1,142 crore of cash from operations and spent ₹652 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹490 crore. In FY25 it was ₹546 crore.
Ipca Laboratories will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.
On 30 September 2026, Ipca Laboratories' shares were held by promoters 44.72%, foreign portfolio investors (FII/FPI) 11.53%, domestic institutions (DII) 36.59% (including mutual funds at 31.07%) and retail and other non-institutional investors 7.15%. Over the year, FII holding was up 1.10 percentage points from 10.43% and DII holding was down 0.18 percentage points from 36.77%.
In FY26 (April 2025–March 2026), Ipca Laboratories' consolidated net profit attributable to shareholders was ₹1,141 crore, up 54.7% from ₹738 crore in FY25, on revenue from operations of ₹9,646 crore (up 7.9%). Over three years, from FY23, net profit was up 142.1%.
In FY26, Ipca Laboratories earned net profit attributable to shareholders of ₹1,141 crore on revenue of ₹9,646 crore, against ₹2,163 crore on ₹13,980 crore for Torrent Pharma. Ipca Laboratories' operating margin was 16.2% (Torrent Pharma 24.6%) and its return on equity 15.2% (Torrent Pharma 27.1%). At the 29 October 2026 close, Ipca Laboratories' market capitalisation was ₹48,868 crore against ₹1,74,205 crore for Torrent Pharma, and its PE ratio on FY26 profit 42.8 against 80.5.
On FY26 consolidated figures, against Torrent Pharma, Alkem Laboratories and J.B. Chemicals & Pharmaceuticals: Ipca Laboratories' operating margin of 16.2% is the lowest of the four (Torrent Pharma 24.6%, Alkem Laboratories 17.8%, J.B. Chemicals & Pharmaceuticals 22.3%; peer average 21.6%); its return on equity of 15.2% is the lowest of the four (Torrent Pharma 27.1%, Alkem Laboratories 17.8%, J.B. Chemicals & Pharmaceuticals 18.7%; peer average 21.2%); its revenue growth over three years of 15.6% a year is the highest of the four (Torrent Pharma 13.3% a year, Alkem Laboratories 8.3% a year, J.B. Chemicals & Pharmaceuticals 9.6% a year; peer average 10.4% a year).
From Ipca 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.