| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 115 | 46.8 | +146.2% |
| EBITDA | 29.3 | 2.4 | +1,119.5% |
| EBITDA margin | 25.4% | 5.1% | +20.3 pts |
| Profit before tax | 26.2 | 2.4 | +969.6% |
| Net profit | 21.1 | 1.8 | +1,058.9% |
| EPS | ₹3.89 | ₹0.42 | +826.2% |
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 |
|---|
| 683 | — | — | — | |
| 29.6 | 29.6 | 4.9 | 49.3 | |
| 44.9 | 44.9 | 121 | 76.1 | |
| 699 | — | — | — | |
| 306 | 237 | 133 | 182 | |
| — | +78.0% | −26.7% | — | |
| 33.3 | 6.4 | −4.7 | −8.4 | |
| 10.9% | 2.7% | −3.5% | −4.6% | |
| 24.9 | 0.4 | −6.8 | −10.4 | |
| 16.0 | −3.3 | −2.2 | 0.3 | |
| 5.2% | −1.4% | −1.7% | 0.2% | |
| ₹2.95 | −₹0.60 | −₹0.41 | ₹0.06 | |
| — | −48.5% | −788.7% | — | |
| — | −10.4 | 1.3 | 1.9 | |
| — | −34.2 | −114 | −45.9 | |
| −44.6 | −44.6 | −113 | −44.0 | |
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 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|
| Market Capitalization | — | — | — | 683.4 | |
| - Cash, Equiv & ST Investments | 49.3 | 4.9 | 29.6 | 29.6 | |
| + Total Debt | 76.1 | 121.2 | 44.9 | 44.9 | |
| Enterprise Value | — | — | — | 698.7 | |
| Revenue | 182.1 | 133.4 | 237.5 | 305.9 | |
| Growth %, YoY | — | -26.7 | +78.0 | — | |
| EBITDA | -8.4 | -4.7 | 6.4 | 33.3 | |
| Margin % | -4.62 | -3.51 | 2.69 | 10.87 | |
| EBIT | -10.4 | -6.8 | 0.4 | 24.9 | |
| Net Income | 0.3 | -2.2 | -3.3 | 16.0 | |
| Margin % | 0.18 | -1.65 | -1.38 | 5.23 | |
| EPS, Adj (current shares) | 0.06 | -0.41 | -0.60 | 2.95 | |
| Growth %, YoY | — | -788.7 | -48.5 | — | |
| Cash from Operations | 1.9 | 1.3 | -10.4 | — | |
| Capital Expenditures | -45.9 | -113.9 | -34.2 | — | |
| Free Cash Flow | -44.0 | -112.5 | -44.6 | -44.6 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Valiant Laboratories (NSE: VALIANTLAB) had a market capitalisation of ₹697 crore at the 29 October 2026 close (₹128.33 a share), a PE ratio of 43.5 on the last four quarters' profit and a price-to-book ratio of 2.24. In FY26 its consolidated net loss was ₹3.3 crore on revenue of ₹237 crore; in Q1 FY27 (April–June 2026) it was ₹21.1 crore. Its debt-to-equity ratio was 0.14 on 31 March 2026. Promoters held 74.94% of the shares on 30 September 2026.
Valiant Laboratories' PE ratio is 43.5 at the 29 October 2026 close (₹128.33 a share): a market capitalisation of ₹697 crore divided by consolidated net profit of ₹16 crore over the last four quarters (Q2 FY26 to Q1 FY27).
Valiant Laboratories' price-to-book (PB) ratio is 2.24 at the 29 October 2026 close: a market capitalisation of ₹697 crore divided by shareholders' equity (book value) of ₹311 crore on 31 March 2026. That is a book value of ₹57.24 per share against a share price of ₹128.33.
Valiant Laboratories' debt-to-equity ratio was 0.14 on 31 March 2026: borrowings of ₹44.9 crore against total equity of ₹311 crore. A year earlier, on 31 March 2025, it was 0.52.
Valiant Laboratories' market capitalisation was ₹697 crore at the 29 October 2026 close: 5.43 crore shares at ₹128.33 each.
No. Valiant Laboratories had borrowings of ₹44.9 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.14. Its cash and current investments were ₹33.1 crore, so its net debt was ₹11.8 crore.
Valiant Laboratories' basic earnings per share (EPS) were −₹0.51 in FY26.
Valiant Laboratories' net worth — shareholders' equity in its consolidated balance sheet — was ₹311 crore on 31 March 2026, up 32.7% from ₹234 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹697 crore at the 29 October 2026 close.
Valiant Laboratories' book value per share was ₹57.24 on 31 March 2026: shareholders' equity of ₹311 crore divided by the 5.43 crore shares in issue. The share price at the 29 October 2026 close was ₹128.33.
Promoters held 74.94% of Valiant Laboratories on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Valiant Laboratories' return on equity (ROE) was −1.2% and its return on capital employed (ROCE) was 0.1%. 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 −0.9% and ROCE −2.1%.
On 30 September 2026, Valiant Laboratories' shares were held by promoters 74.94%, foreign portfolio investors (FII/FPI) 0.07%, domestic institutions (DII) 0.08% (including mutual funds at 0.00%) and retail and other non-institutional investors 24.91%. Over the year, FII holding was up 0.05 percentage points from 0.02%.
In FY26, Valiant Laboratories generated ₹10.4 crore of cash from operations and spent ₹34.2 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹44.6 crore. In FY25 it was −₹113 crore.
Valiant Laboratories' latest results are for Q1 FY27 (April–June 2026), filed on 10 August 2026: consolidated net profit ₹21.1 crore; revenue from operations ₹115 crore, up 146.2% year on year.
In FY26 (April 2025–March 2026), Valiant Laboratories' consolidated net loss was ₹3.3 crore, wider than the loss of ₹2.2 crore in FY25, on revenue from operations of ₹237 crore (up 78.0%).
Valiant Laboratories will announce its Q2 FY27 results (July–September 2026) on Monday, 2 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against Albert David, HALEOS LABS and Zim Laboratories: Valiant Laboratories' operating margin of 0.2% is the third highest of the four (Albert David −1.3%, HALEOS LABS 8.8%, Zim Laboratories 2.7%; peer average 3.4%); its return on equity of −1.2% is the lowest of the four (Albert David −0.4%, HALEOS LABS 8.4%, Zim Laboratories 2.1%; peer average 3.4%).
In FY26, Valiant Laboratories earned net profit of ₹3.3 crore on revenue of ₹237 crore, against ₹1.5 crore on ₹334 crore for Albert David. Valiant Laboratories' operating margin was 0.2% (Albert David −1.3%) and its return on equity −1.2% (Albert David −0.4%). At the 29 October 2026 close, Valiant Laboratories' market capitalisation was ₹697 crore against ₹438 crore for Albert David.
From Valiant 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.