About
Lincoln Pharmaceuticals Limited engages in manufacturing and trading of pharmaceutical products in India. The company offers products in the areas of anticold, antibiotic, otolaryngology, pain management, gastro, anti-malarial, anti-fungal, corticosteroids and cosmo-derma, anti-diabetic, anti-hypertensive, gynecology, cardio and CNS, respiratory system, and dyslipidemic; and branded generics. It also exports its products to approximately 60 countries, including Europe, Canada, Latin and North America, Africa, the Asia Pacific, and South East Asia. Lincoln Pharmaceuticals Limited was incorporated in 1979 and is based in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap1,243 Cr
P/E12.90
Div Yield0.29 %
Book Value₹378.00
52w High₹770.00
52w Low₹440.00
Face Value₹10.00
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 | 177.00 | 187.00 | 166.00 | 163.00 | 154.00 | 168.00 | 147.00 | 161.00 | 147.00 | 142.00 | 146.00 | 156.00 | 136.00 |
| Expenses | 150.00 | 162.00 | 143.00 | 138.00 | 130.00 | 141.00 | 123.00 | 133.00 | 125.00 | 124.00 | 117.00 | 125.00 | 115.00 |
| Operating Profit | 27.00 | 25.00 | 24.00 | 25.00 | 24.00 | 27.00 | 24.00 | 28.00 | 23.00 | 18.00 | 30.00 | 31.00 | 21.00 |
| OPM % | 15.00 | 13.00 | 14.00 | 16.00 | 15.00 | 16.00 | 16.00 | 18.00 | 15.00 | 13.00 | 20.00 | 20.00 | 15.00 |
| Other Income | 24.00 | -4.00 | 15.00 | 7.00 | 15.00 | -7.00 | 9.00 | 10.00 | 10.00 | 7.00 | 11.00 | 9.00 | 8.00 |
| Depreciation | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 48.00 | 17.00 | 35.00 | 29.00 | 35.00 | 16.00 | 29.00 | 35.00 | 29.00 | 22.00 | 38.00 | 37.00 | 25.00 |
| Tax % | 24.00 | 30.00 | 18.00 | 31.00 | 22.00 | 29.00 | 28.00 | 24.00 | 20.00 | 16.00 | 26.00 | 25.00 | 25.00 |
| Net Profit | 36.00 | 12.00 | 29.00 | 20.00 | 28.00 | 12.00 | 21.00 | 26.00 | 24.00 | 19.00 | 28.00 | 28.00 | 19.00 |
| EPS in Rs | 18.09 | 5.81 | 14.28 | 9.98 | 13.82 | 5.78 | 10.37 | 13.15 | 11.82 | 9.29 | 14.00 | 13.80 | 9.49 |
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 | 671.00 | 623.00 | 581.00 | 510.00 | 472.00 | 424.00 | 386.00 | 366.00 | 361.00 | 360.00 | 400.00 | 266.00 |
| Expenses | 573.00 | 522.00 | 480.00 | 421.00 | 376.00 | 337.00 | 321.00 | 299.00 | 308.00 | 313.00 | 359.00 | 240.00 |
| Operating Profit | 98.00 | 102.00 | 100.00 | 90.00 | 96.00 | 87.00 | 66.00 | 68.00 | 53.00 | 47.00 | 41.00 | 26.00 |
| OPM % | 15.00 | 16.00 | 17.00 | 18.00 | 20.00 | 21.00 | 17.00 | 18.00 | 15.00 | 13.00 | 10.00 | 10.00 |
| Other Income | 33.00 | 22.00 | 34.00 | 22.00 | 10.00 | 5.00 | 11.00 | 5.00 | 5.00 | 2.00 | 7.00 | 7.00 |
| Interest | 1.00 | 2.00 | 1.00 | 2.00 | 1.00 | 2.00 | 2.00 | 4.00 | 5.00 | 7.00 | 10.00 | 8.00 |
| Depreciation | 14.00 | 13.00 | 11.00 | 9.00 | 8.00 | 8.00 | 7.00 | 7.00 | 6.00 | 6.00 | 5.00 | 5.00 |
| Profit before tax | 116.00 | 109.00 | 122.00 | 100.00 | 96.00 | 84.00 | 67.00 | 62.00 | 46.00 | 37.00 | 33.00 | 20.00 |
| Tax % | 24.00 | 25.00 | 24.00 | 27.00 | 28.00 | 26.00 | 23.00 | 22.00 | 25.00 | 25.00 | 28.00 | 24.00 |
| Net Profit | 88.00 | 82.00 | 93.00 | 73.00 | 69.00 | 62.00 | 51.00 | 49.00 | 35.00 | 28.00 | 24.00 | 15.00 |
| EPS in Rs | 43.88 | 41.11 | 46.58 | 36.40 | 34.63 | 31.12 | 25.72 | 24.36 | 17.31 | 14.06 | 14.52 | 9.20 |
| Dividend Payout % | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 5.00 | 6.00 | 6.00 | 9.00 | 9.00 | 7.00 | 11.00 |
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 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 16.00 | 16.00 |
| Reserves | 738.00 | 652.00 | 573.00 | 482.00 | 413.00 | 346.00 | 293.00 | 249.00 | 204.00 | 172.00 | 124.00 | 95.00 |
| Borrowings | 4.00 | 0.00 | 1.00 | 2.00 | 2.00 | 1.00 | 5.00 | 34.00 | 61.00 | 64.00 | 78.00 | 76.00 |
| Other Liabilities | 128.00 | 125.00 | 106.00 | 83.00 | 99.00 | 85.00 | 71.00 | 63.00 | 62.00 | 48.00 | 56.00 | 70.00 |
| Total Liabilities | 890.00 | 797.00 | 700.00 | 587.00 | 534.00 | 452.00 | 389.00 | 366.00 | 347.00 | 305.00 | 275.00 | 258.00 |
| Fixed Assets | 191.00 | 182.00 | 179.00 | 151.00 | 132.00 | 111.00 | 123.00 | 121.00 | 117.00 | 103.00 | 98.00 | 66.00 |
| CWIP | 5.00 | 4.00 | 3.00 | 7.00 | 16.00 | 2.00 | 0.00 | 2.00 | 0.00 | 7.00 | 3.00 | 3.00 |
| Investments | 209.00 | 174.00 | 139.00 | 91.00 | 97.00 | 81.00 | 34.00 | 18.00 | 11.00 | 10.00 | 0.00 | 0.00 |
| Other Assets | 486.00 | 437.00 | 379.00 | 339.00 | 290.00 | 259.00 | 232.00 | 225.00 | 219.00 | 186.00 | 174.00 | 190.00 |
| Total Assets | 890.00 | 797.00 | 700.00 | 587.00 | 534.00 | 452.00 | 389.00 | 366.00 | 347.00 | 305.00 | 275.00 | 258.00 |
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 | 106.00 | 93.00 | 63.00 | 39.00 | 76.00 | 69.00 | 75.00 | 53.00 | 27.00 | 25.00 | 45.00 | 25.00 |
| Cash from Investing Activity | -98.00 | -79.00 | -57.00 | -37.00 | -78.00 | -64.00 | -31.00 | -18.00 | -12.00 | -25.00 | -42.00 | 7.00 |
| Cash from Financing Activity | 0.00 | -6.00 | -5.00 | -4.00 | -3.00 | -6.00 | -38.00 | -36.00 | -11.00 | 0.00 | -3.00 | -32.00 |
| Net Cash Flow | 8.00 | 8.00 | 1.00 | -2.00 | -4.00 | -1.00 | 7.00 | -1.00 | 3.00 | 0.00 | 0.00 | -1.00 |
| Free Cash Flow | 82.00 | 74.00 | 24.00 | 26.00 | 31.00 | 61.00 | 68.00 | 38.00 | 17.00 | 7.00 | 11.00 | 21.00 |
| CFO/OP % | 135.00 | 117.00 | 89.00 | 77.00 | 104.00 | 102.00 | 137.00 | 104.00 | 68.00 | 74.00 | 126.00 | 109.00 |
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 | 88.00 | 97.00 | 102.00 | 98.00 | 90.00 | 98.00 | 96.00 | 122.00 | 111.00 | 92.00 | 73.00 | 163.00 |
| Inventory Days | 94.00 | 99.00 | 101.00 | 106.00 | 121.00 | 86.00 | 95.00 | 75.00 | 86.00 | 63.00 | 36.00 | 44.00 |
| Days Payable | 100.00 | 106.00 | 95.00 | 77.00 | 120.00 | 105.00 | 102.00 | 92.00 | 82.00 | 54.00 | 40.00 | 92.00 |
| Cash Conversion Cycle | 82.00 | 90.00 | 108.00 | 126.00 | 91.00 | 78.00 | 88.00 | 106.00 | 115.00 | 100.00 | 70.00 | 116.00 |
| Working Capital Days | 239.00 | 116.00 | 121.00 | 121.00 | 113.00 | 119.00 | 126.00 | 113.00 | 89.00 | 69.00 | 31.00 | 76.00 |
| ROCE % | 16.00 | 17.00 | 22.00 | 22.00 | 24.00 | 25.00 | 22.00 | 23.00 | 19.00 | 19.00 | 21.00 | 15.00 |
Corporate Actions
22 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 12 Sep 2025 | 12 Sep 2025 | — | 1.80 | |
| Dividend | 13 Sep 2024 | — | — | 1.80 | |
| Dividend | 15 Sep 2023 | — | — | 1.50 | |
| Dividend | 15 Sep 2022 | — | — | 1.50 | |
| Dividend | 16 Sep 2021 | — | — | 1.50 | |
| Other | 17 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 05 Mar 2020 | 06 Mar 2020 | — | 1.50 | |
| Dividend | 19 Sep 2019 | — | — | 1.50 | |
| Dividend | 19 Sep 2018 | — | — | 1.50 | |
| Dividend | 21 Sep 2017 | — | — | 1.20 | |
| Dividend | 23 Sep 2016 | — | — | 1.00 | |
| Dividend | 23 Sep 2015 | — | — | 1.00 | |
| Dividend | 25 Sep 2014 | — | — | 0.60 | |
| Dividend | 19 Sep 2013 | — | — | 0.60 | |
| Dividend | 20 Sep 2012 | — | — | 0.60 | |
| Dividend | 22 Sep 2011 | — | — | 0.60 | |
| Dividend | 23 Sep 2010 | — | — | 1.20 | |
| Dividend | 17 Sep 2009 | — | — | 1.20 | |
| Other | 19 Mar 2009 | 26 Mar 2009 | — | — | Consolidation of Shares |
| Dividend | 18 Sep 2008 | — | — | 0.24 | |
| Dividend | 20 Sep 2007 | — | — | 0.24 | |
| Dividend | 11 Sep 2001 | — | — | 0.80 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update9 Jan from crisil
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Rating update30 Jun 2025 from icra
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Rating update11 Oct 2024 from crisil
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Rating update3 Apr 2024 from icra
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Rating update14 Jul 2023 from crisil
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Rating update31 Mar 2023 from icra