| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 466 | 321 | +44.9% |
| EBITDA | 136 | 91.6 | +48.7% |
| EBITDA margin | 29.3% | 28.5% | +0.7 pts |
| Profit before tax | 92.1 | 50.3 | +83.0% |
| Net profit | 101 | 46.9 | +115.2% |
| EPS | ₹5.16 | ₹4.79 | +7.7% |
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 |
|---|
| 18,230 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 41.3 | 41.3 | 26.0 | 30.2 | 21.3 | ||
| — | — | −8.5 | −8.7 | −8.9 | ||
| 658 | 658 | 586 | 936 | 796 | ||
| 18,847 | — | — | — | — | ||
| 1,682 | 1,539 | 1,286 | 1,152 | 1,050 | ||
| — | +19.6% | +11.7% | +9.7% | — | ||
| 479 | 435 | 317 | 244 | 102 | ||
| 28.4% | 28.3% | 24.7% | 21.2% | 9.7% | ||
| 353 | 315 | 204 | 137 | 6.8 | ||
| 297 | 243 | 78.3 | 31.9 | −32.5 | ||
| 17.7% | 15.8% | 6.1% | 2.8% | −3.1% | ||
| ₹15.20 | ₹12.44 | ₹4.00 | ₹1.63 | −₹1.66 | ||
| — | +210.8% | +145.6% | +198.1% | — | ||
| — | 342 | 132 | 135 | 226 | ||
| — | −371 | −244 | −185 | −273 | ||
| −28.5 | −28.5 | −111 | −49.2 | −46.4 | ||
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 | — | — | — | — | 18,229.9 | |
| - Cash, Equiv & ST Investments | 21.3 | 30.2 | 26.0 | 41.3 | 41.3 | |
| + Minority Interest | -8.9 | -8.7 | -8.5 | — | — | |
| + Total Debt | 795.7 | 935.6 | 586.4 | 658.0 | 658.0 | |
| Enterprise Value | — | — | — | — | 18,846.6 | |
| Revenue | 1,050.1 | 1,151.6 | 1,286.4 | 1,538.9 | 1,682.5 | |
| Growth %, YoY | — | +9.7 | +11.7 | +19.6 | — | |
| EBITDA | 102.3 | 244.5 | 317.0 | 434.7 | 478.6 | |
| Margin % | 9.74 | 21.23 | 24.65 | 28.25 | 28.44 | |
| EBIT | 6.8 | 136.6 | 204.1 | 315.0 | 352.5 | |
| Net Income | -32.5 | 31.9 | 78.3 | 243.3 | 297.3 | |
| Margin % | -3.09 | 2.77 | 6.09 | 15.81 | 17.67 | |
| EPS, Adj (current shares) | -1.66 | 1.63 | 4.00 | 12.44 | 15.20 | |
| Growth %, YoY | — | +198.1 | +145.6 | +210.8 | — | |
| Cash from Operations | 226.2 | 135.3 | 132.2 | 342.2 | — | |
| Capital Expenditures | -272.5 | -184.6 | -243.6 | -370.6 | — | |
| Free Cash Flow | -46.4 | -49.2 | -111.5 | -28.5 | -28.5 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Shilpa Medicare (NSE: SHILPAMED) had a market capitalisation of ₹18,291 crore at the 29 October 2026 close (₹935.60 a share), a PE ratio of 61.5 on the last four quarters' profit and a price-to-book ratio of 7.06. In FY26 its consolidated net profit was ₹243 crore on revenue of ₹1,539 crore; in Q1 FY27 (April–June 2026) it was ₹101 crore, up 115.2% year on year. Its debt-to-equity ratio was 0.25 on 31 March 2026. Promoters held 40.13% of the shares on 30 September 2026.
Shilpa Medicare's PE ratio is 61.5 at the 29 October 2026 close (₹935.60 a share): a market capitalisation of ₹18,291 crore divided by consolidated net profit of ₹297 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹243 crore) it is 75.2.
Shilpa Medicare's debt-to-equity ratio was 0.25 on 31 March 2026: borrowings of ₹658 crore against total equity of ₹2,591 crore. A year earlier, on 31 March 2025, it was 0.25.
Shilpa Medicare's net worth — shareholders' equity in its consolidated balance sheet — was ₹2,591 crore on 31 March 2026, up 9.2% from ₹2,372 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹18,291 crore at the 29 October 2026 close.
Shilpa Medicare's price-to-book (PB) ratio is 7.06 at the 29 October 2026 close: a market capitalisation of ₹18,291 crore divided by shareholders' equity (book value) of ₹2,591 crore on 31 March 2026. That is a book value of ₹132.54 per share against a share price of ₹935.60.
In FY26, Shilpa Medicare's return on equity (ROE) was 9.8% and its return on capital employed (ROCE) was 11.5%. 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 3.8% and ROCE 8.1%.
On 30 September 2026, Shilpa Medicare's shares were held by promoters 40.13%, foreign portfolio investors (FII/FPI) 12.11%, domestic institutions (DII) 8.26% (including mutual funds at 4.20%) and retail and other non-institutional investors 39.49%. Over the year, FII holding was up 1.19 percentage points from 10.92% and DII holding was up 0.59 percentage points from 7.67%.
Shilpa Medicare's market capitalisation was ₹18,291 crore at the 29 October 2026 close: 19.55 crore shares at ₹935.60 each.
No. Shilpa Medicare had borrowings of ₹658 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.25. Its cash and current investments were ₹45.2 crore, so its net debt was ₹613 crore.
In 2026, Shilpa Medicare has declared one dividend: ₹0.60 with record date 4 September 2026.
Shilpa Medicare's book value per share was ₹132.54 on 31 March 2026: shareholders' equity of ₹2,591 crore divided by the 19.55 crore shares in issue. The share price at the 29 October 2026 close was ₹935.60.
In FY26, Shilpa Medicare generated ₹342 crore of cash from operations and spent ₹371 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹28.5 crore. In FY25 it was −₹111 crore.
In FY26 (April 2025–March 2026), Shilpa Medicare's consolidated net profit was ₹243 crore, up 210.8% from ₹78.3 crore in FY25, on revenue from operations of ₹1,539 crore (up 19.6%).
Shilpa Medicare's basic earnings per share (EPS) were ₹12.44 in FY26.
Promoters held 40.13% of Shilpa Medicare on 30 September 2026, unchanged from the previous quarter and down 4.10 percentage points from 44.23% a year earlier, according to the shareholding pattern filed with NSE.
Shilpa Medicare 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.
Shilpa Medicare's latest results are for Q1 FY27 (April–June 2026), filed on 5 August 2026: consolidated net profit ₹101 crore, up 115.2% from ₹46.9 crore in Q1 FY26; revenue from operations ₹466 crore, up 44.9% year on year.
At the 29 October 2026 closing prices, on FY26 net profit, Shilpa Medicare's PE ratio is 75.2, the highest of the four: NATCO Pharma 9.9, Sun Pharma Advanced Research 3.8 and Strides Pharma Science 18.2, a peer average of 10.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Shilpa Medicare earned net profit of ₹243 crore on revenue of ₹1,539 crore, against ₹1,419 crore on ₹4,078 crore for NATCO Pharma. Shilpa Medicare's operating margin was 20.5% (NATCO Pharma 30.2%) and its return on equity 9.8% (NATCO Pharma 16.9%). At the 29 October 2026 close, Shilpa Medicare's market capitalisation was ₹18,291 crore against ₹14,097 crore for NATCO Pharma, and its PE ratio on FY26 profit 75.2 against 9.9.
On FY26 consolidated figures, against NATCO Pharma, Sun Pharma Advanced Research and Strides Pharma Science: Shilpa Medicare's operating margin of 20.5% is the third highest of the four (NATCO Pharma 30.2%, Sun Pharma Advanced Research 84.5%, Strides Pharma Science 14.9%; peer average 43.2%); its return on equity of 9.8% is the lowest of the four (NATCO Pharma 16.9%, Sun Pharma Advanced Research 277.4%, Strides Pharma Science 19.7%; peer average 104.6%); its revenue growth over three years of 13.6% a year is the third highest of the four (NATCO Pharma 14.6% a year, Sun Pharma Advanced Research 96.0% a year, Strides Pharma Science 9.6% a year; peer average 40.1% a year).
From Shilpa Medicare'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.