About
Ipca Laboratories Limited, an integrated pharmaceutical company, manufactures and markets formulations and active pharmaceutical ingredients (APIs) for various therapeutic segments in India. The company offers APIs in anti-hypertensive, anti-malarial, diuretic, DMARD, and anthelmintic therapeutic areas. It also provides generic and branded formulations in various therapeutic segments, including allergy, anti-neoplastic/cancer drugs, anti-arthritic, anti-epileptic, anti-hypertensive, cardiology, dermatology, diabetes, diabetology, emollients/protectives, fever, gastroenterology, haematology, helminthics, hepatoprotectives, immunosuppressant, infectious diseases, malaria, neurology, neuropathic pain, and NSAIDs, as well as nutraceuticals, ophthalmology, oral anti diabetes drug, orthopedics, probiotics, psychiatry, regenerative, respiratory, rheumatology, and urology. The company also exports its products to Europe, Africa, the Americas, rest of Asia, the Commonwealth of Independent States, and Australasia. Ipca Laboratories Limited was incorporated in 1949 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap49,883 Cr
P/E36.30
Div Yield0.31 %
Book Value₹318.00
52w High₹2,002.00
52w Low₹1,252.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,788.00 | 2,388.00 | 2,392.00 | 2,556.00 | 2,309.00 | 2,247.00 | 2,245.00 | 2,355.00 | 2,093.00 | 2,033.00 | 2,053.00 | 2,034.00 | 1,585.00 |
| Expenses | 2,119.00 | 1,905.00 | 1,859.00 | 2,012.00 | 1,892.00 | 1,818.00 | 1,782.00 | 1,913.00 | 1,700.00 | 1,711.00 | 1,722.00 | 1,673.00 | 1,278.00 |
| Operating Profit | 670.00 | 484.00 | 533.00 | 545.00 | 416.00 | 429.00 | 463.00 | 441.00 | 393.00 | 322.00 | 331.00 | 361.00 | 308.00 |
| OPM % | 24.00 | 20.00 | 22.00 | 21.00 | 18.00 | 19.00 | 21.00 | 19.00 | 19.00 | 16.00 | 16.00 | 18.00 | 19.00 |
| Other Income | 25.00 | 48.00 | 38.00 | -30.00 | 33.00 | -179.00 | 20.00 | 26.00 | 21.00 | -118.00 | 91.00 | -1.00 | 45.00 |
| Depreciation | 111.00 | 107.00 | 108.00 | 103.00 | 100.00 | 100.00 | 98.00 | 100.00 | 99.00 | 98.00 | 100.00 | 90.00 | 69.00 |
| Interest | 12.00 | 20.00 | 18.00 | 20.00 | 19.00 | 22.00 | 17.00 | 23.00 | 24.00 | 29.00 | 33.00 | 44.00 | 31.00 |
| Profit before tax | 572.00 | 404.00 | 446.00 | 392.00 | 331.00 | 128.00 | 368.00 | 345.00 | 290.00 | 77.00 | 289.00 | 225.00 | 252.00 |
| Tax % | 26.00 | 24.00 | 18.00 | 28.00 | 29.00 | 49.00 | 25.00 | 29.00 | 31.00 | 96.00 | 23.00 | 39.00 | 34.00 |
| Net Profit | 424.00 | 307.00 | 364.00 | 281.00 | 233.00 | 64.00 | 276.00 | 246.00 | 199.00 | 1.00 | 221.00 | 136.00 | 164.00 |
| EPS in Rs | 15.84 | 11.79 | 12.86 | 11.14 | 9.19 | 2.67 | 9.78 | 9.05 | 7.58 | 2.35 | 7.09 | 5.72 | 6.42 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,599.00 | 8,897.00 | 7,662.00 | 6,204.00 | 5,797.00 | 5,395.00 | 4,619.00 | 3,746.00 | 3,258.00 | 3,156.00 | 2,867.00 | 3,144.00 |
| Expenses | 7,609.00 | 7,166.00 | 6,338.00 | 5,272.00 | 4,472.00 | 3,843.00 | 3,715.00 | 3,051.00 | 2,803.00 | 2,705.00 | 2,573.00 | 2,604.00 |
| Operating Profit | 1,990.00 | 1,731.00 | 1,324.00 | 932.00 | 1,325.00 | 1,552.00 | 904.00 | 695.00 | 455.00 | 451.00 | 294.00 | 541.00 |
| OPM % | 21.00 | 19.00 | 17.00 | 15.00 | 23.00 | 29.00 | 20.00 | 19.00 | 14.00 | 14.00 | 10.00 | 17.00 |
| Other Income | 80.00 | -114.00 | 17.00 | 123.00 | 54.00 | 59.00 | 65.00 | 56.00 | 41.00 | 11.00 | 21.00 | 32.00 |
| Interest | 79.00 | 88.00 | 141.00 | 48.00 | 11.00 | 12.00 | 20.00 | 22.00 | 28.00 | 27.00 | 35.00 | 32.00 |
| Depreciation | 418.00 | 398.00 | 357.00 | 262.00 | 232.00 | 209.00 | 210.00 | 182.00 | 178.00 | 173.00 | 163.00 | 180.00 |
| Profit before tax | 1,573.00 | 1,131.00 | 843.00 | 745.00 | 1,136.00 | 1,389.00 | 739.00 | 546.00 | 291.00 | 262.00 | 117.00 | 361.00 |
| Tax % | 24.00 | 30.00 | 37.00 | 34.00 | 20.00 | 17.00 | 18.00 | 19.00 | 18.00 | 26.00 | 18.00 | 28.00 |
| Net Profit | 1,184.00 | 785.00 | 523.00 | 479.00 | 890.00 | 1,141.00 | 604.00 | 442.00 | 239.00 | 195.00 | 93.00 | 254.00 |
| EPS in Rs | 44.98 | 29.08 | 21.57 | 18.58 | 34.85 | 44.94 | 23.99 | 17.60 | 9.49 | 7.71 | 3.69 | 10.07 |
| Dividend Payout % | 0.00 | 14.00 | 19.00 | 22.00 | 11.00 | 9.00 | 10.00 | 9.00 | 5.00 | 6.00 | 0.00 | 5.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 |
| Reserves | 8,038.00 | 6,923.00 | 6,307.00 | 5,817.00 | 5,467.00 | 4,676.00 | 3,602.00 | 3,097.00 | 2,663.00 | 2,430.00 | 2,234.00 | 2,183.00 |
| Borrowings | 809.00 | 1,363.00 | 1,438.00 | 1,481.00 | 807.00 | 265.00 | 501.00 | 465.00 | 628.00 | 716.00 | 867.00 | 935.00 |
| Other Liabilities | 3,477.00 | 3,432.00 | 3,326.00 | 1,300.00 | 1,338.00 | 1,099.00 | 1,130.00 | 961.00 | 799.00 | 788.00 | 765.00 | 669.00 |
| Total Liabilities | 12,350.00 | 11,744.00 | 11,097.00 | 8,623.00 | 7,637.00 | 6,066.00 | 5,258.00 | 4,549.00 | 4,116.00 | 3,960.00 | 3,892.00 | 3,812.00 |
| Fixed Assets | 4,627.00 | 4,267.00 | 4,554.00 | 2,751.00 | 2,418.00 | 2,072.00 | 2,059.00 | 1,940.00 | 1,953.00 | 1,983.00 | 2,014.00 | 1,800.00 |
| CWIP | 773.00 | 622.00 | 343.00 | 140.00 | 306.00 | 235.00 | 133.00 | 66.00 | 73.00 | 95.00 | 129.00 | 267.00 |
| Investments | 844.00 | 980.00 | 862.00 | 626.00 | 989.00 | 505.00 | 310.00 | 120.00 | 87.00 | 136.00 | 26.00 | 16.00 |
| Other Assets | 6,106.00 | 5,875.00 | 5,339.00 | 5,105.00 | 3,924.00 | 3,254.00 | 2,756.00 | 2,422.00 | 2,003.00 | 1,746.00 | 1,723.00 | 1,729.00 |
| Total Assets | 12,350.00 | 11,744.00 | 11,097.00 | 8,623.00 | 7,637.00 | 6,066.00 | 5,258.00 | 4,549.00 | 4,116.00 | 3,960.00 | 3,892.00 | 3,812.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1,142.00 | 1,321.00 | 945.00 | 806.00 | 856.00 | 1,090.00 | 570.00 | 501.00 | 341.00 | 282.00 | 709.00 | 468.00 |
| Cash from Investing Activity | -247.00 | -870.00 | -1,215.00 | -725.00 | -851.00 | -521.00 | -509.00 | -165.00 | -135.00 | -149.00 | -218.00 | -689.00 |
| Cash from Financing Activity | -754.00 | -283.00 | -553.00 | 507.00 | 427.00 | -306.00 | -137.00 | -183.00 | -130.00 | -159.00 | -462.00 | 251.00 |
| Net Cash Flow | 142.00 | 169.00 | -823.00 | 588.00 | 432.00 | 264.00 | -76.00 | 153.00 | 75.00 | -26.00 | 29.00 | 29.00 |
| Free Cash Flow | 486.00 | 551.00 | 543.00 | 347.00 | 380.00 | 731.00 | 277.00 | 322.00 | 206.00 | 147.00 | 463.00 | -207.00 |
| CFO/OP % | 78.00 | 97.00 | 94.00 | 110.00 | 80.00 | 86.00 | 80.00 | 88.00 | 88.00 | 74.00 | 251.00 | 100.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77.00 | 77.00 | 80.00 | 58.00 | 57.00 | 55.00 | 71.00 | 66.00 | 67.00 | 58.00 | 57.00 | 41.00 |
| Inventory Days | 353.00 | 336.00 | 350.00 | 276.00 | 337.00 | 337.00 | 294.00 | 316.00 | 286.00 | 290.00 | 289.00 | 293.00 |
| Days Payable | 122.00 | 111.00 | 110.00 | 83.00 | 101.00 | 140.00 | 135.00 | 154.00 | 137.00 | 130.00 | 145.00 | 97.00 |
| Cash Conversion Cycle | 308.00 | 302.00 | 321.00 | 251.00 | 293.00 | 251.00 | 229.00 | 228.00 | 216.00 | 218.00 | 200.00 | 237.00 |
| Working Capital Days | 109.00 | 101.00 | 111.00 | 71.00 | 102.00 | 103.00 | 88.00 | 88.00 | 80.00 | 74.00 | 61.00 | 68.00 |
| ROCE % | 17.00 | 15.00 | 13.00 | 11.00 | 20.00 | 31.00 | 19.00 | 16.00 | 10.00 | 9.00 | 5.00 | 14.00 |
Corporate Actions
50 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 07 Aug 2026 | 07 Aug 2026 | — | 6.00 | |
| Dividend | 05 Aug 2025 | 05 Aug 2025 | — | 2.00 | |
| Dividend | 27 Nov 2024 | 27 Nov 2024 | — | 2.00 | |
| Dividend | 06 Aug 2024 | — | — | 2.00 | |
| Dividend | 22 Nov 2023 | 22 Nov 2023 | — | 2.00 | |
| Dividend | 22 Nov 2022 | 23 Nov 2022 | — | 4.00 | |
| Other | 03 Aug 2022 | — | — | — | Annual General Meeting |
| Split | 10 Jan 2022 | 11 Jan 2022 | 2:1 | — | |
| Dividend | 22 Nov 2021 | 23 Nov 2021 | — | 8.00 | |
| Other | 26 Aug 2021 | — | — | — | Annual General Meeting |
| Dividend | 13 Nov 2020 | 17 Nov 2020 | — | 8.00 | |
| Other | 10 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 18 Feb 2020 | 20 Feb 2020 | — | 5.00 | |
| Dividend | 06 Aug 2019 | — | — | 3.00 | |
| Dividend | 02 Aug 2018 | — | — | 1.00 | |
| Dividend | 27 Jul 2017 | — | — | 1.00 | |
| Other | 04 Aug 2016 | — | — | — | Annual General Meeting |
| Dividend | 22 Jul 2015 | — | — | 1.00 | |
| Dividend | 18 Jul 2014 | — | — | 2.50 | |
| Dividend | 31 Oct 2013 | 01 Nov 2013 | — | 2.50 | |
| Dividend | 19 Jul 2013 | — | — | 2.00 | |
| Dividend | 01 Nov 2012 | 02 Nov 2012 | — | 2.00 | |
| Other | 01 Nov 2012 | 02 Nov 2012 | — | — | Interim Dividend |
| Dividend | 20 Jul 2012 | — | — | 1.20 | |
| Dividend | 07 Feb 2012 | 08 Feb 2012 | — | 1.00 | |
| Dividend | 03 Nov 2011 | 07 Nov 2011 | — | 1.00 | |
| Dividend | 18 Jul 2011 | — | — | 1.20 | |
| Dividend | 01 Feb 2011 | 02 Feb 2011 | — | 1.00 | |
| Dividend | 28 Oct 2010 | 29 Oct 2010 | — | 1.00 | |
| Dividend | 16 Jul 2010 | — | — | 1.00 | |
| Split | 22 Mar 2010 | 23 Mar 2010 | 10:2 | — | |
| Dividend | 27 Jan 2010 | 28 Jan 2010 | — | 4.00 | |
| Other | 27 Jan 2010 | 28 Jan 2010 | — | — | 2nd Int Div-Rs.4/- Pr Shrpurpose Revised |
| Dividend | 30 Oct 2009 | 03 Nov 2009 | — | 5.00 | |
| Dividend | 20 Jul 2009 | — | — | 4.00 | |
| Dividend | 27 Jan 2009 | 28 Jan 2009 | — | 3.00 | NSE/BSE dividend mismatch: NSE=0.3; BSE=3.0 |
| Dividend | 27 Jan 2009 | 28 Jan 2009 | — | 0.30 | NSE/BSE dividend mismatch: NSE=0.3; BSE=3.0 |
| Dividend | 07 Nov 2008 | 10 Nov 2008 | — | 4.00 | NSE/BSE dividend mismatch: NSE=0.4; BSE=4.0 |
| Dividend | 07 Nov 2008 | 10 Nov 2008 | — | 0.40 | NSE/BSE dividend mismatch: NSE=0.4; BSE=4.0 |
| Dividend | 14 Jul 2008 | — | — | 4.50 | NSE/BSE dividend mismatch: NSE=0.45; BSE=4.5 |
| Dividend | 14 Jul 2008 | — | — | 0.45 | NSE/BSE dividend mismatch: NSE=0.45; BSE=4.5 |
| Dividend | 06 Nov 2007 | 07 Nov 2007 | — | 3.50 | NSE/BSE dividend mismatch: NSE=0.35; BSE=3.5 |
| Dividend | 06 Nov 2007 | 07 Nov 2007 | — | 0.35 | NSE/BSE dividend mismatch: NSE=0.35; BSE=3.5 |
| Dividend | 10 Jul 2007 | — | — | 4.00 | NSE/BSE dividend mismatch: NSE=0.4; BSE=4.0 |
| Dividend | 10 Jul 2007 | — | — | 0.40 | NSE/BSE dividend mismatch: NSE=0.4; BSE=4.0 |
| Dividend | 02 Nov 2006 | 03 Nov 2006 | — | 0.35 | |
| Dividend | 18 Jul 2006 | — | — | 3.00 | |
| Dividend | 13 Sep 2005 | — | — | 0.30 | |
| Dividend | 10 Jul 2001 | — | — | 1.50 | |
| Dividend | 15 Nov 2000 | 30 Nov 2000 | — | 3.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update13 Aug from fitch
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Rating update6 Jul from fitch
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Rating update7 Jul 2025 from fitch
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Rating update15 Jul 2024 from fitch
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Rating update22 Sep 2023 from fitch
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Rating update27 Jul 2023 from fitch
Conference Calls
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