About
Mercury Laboratories Limited engages in manufacturing, selling, exporting, and dealing in various pharmaceutical drugs and medicines for mother and child healthcare in India and internationally. The company offers analgesic, anti-inflammatory, anti-pyretic, anthelmintic, antibiotic, anti-coagulant, anti-platelet, bleeding agent, anti-fungal, anti-hypertensive, anti-malarial, cardiovascular system, central nervous system, eye, gastro-intestinal system, hypoglycemic/anti-diabetic, multivitamin, protein supplement, respiratory system, anti-allergic, steroids, urinary system, uterine stimulant, and other drugs; and formulations, including tablets, oral liquids, injections, small volume parenterals, and eye/ear drops. It also provides pharmaceutical products for PCOS and uterine disorders, galactagogue, haemostat, iron and vitamins, pain management, preterm labor management, antiemetic, PPI; vitamin K1, zinc supplement, antiallergic, vitamin D3, digestive enzyme, promolact, antipyretic, and childcare, as well as products for gynec, pediatric, surgeon, and physician applications. The company export its products comprising anti-inflammatory, antimalarial, digestive, hypoglycemic, multivitamin, CNS, pain management, gynec, CVS, cough and cold, miscellaneous, and other formulations, as well as antibiotic, antifungal, and antiviral formulations to approximately 25 countries, including the Philippines, Myanmar, Sri Lanka, Vietnam, Cambodia, D.R. Congo, Ghana, Nigeria, Mozambique, Zambia, Kenya, lvory Coast, Mauritania, Burundi, Togo, Guatemala, Costa Rica, Peru, Ecuador, the United Kingdom, the United States, Moldova, and Jamaica. Mercury Laboratories Limited was founded in 1962 and is headquartered in Vadodara, India.
Quarterly Results
Rs. Crores Β· 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 | 15.96 | 20.44 | 18.35 | 19.01 | 18.14 | 20.66 | 19.57 | 18.19 | 16.68 | 17.37 | 17.11 | 22.76 | 18.32 |
| Expenses | 14.77 | 18.40 | 15.83 | 16.88 | 15.78 | 18.53 | 17.59 | 16.88 | 15.07 | 14.71 | 14.88 | 20.28 | 16.66 |
| Operating Profit | 1.19 | 2.04 | 2.52 | 2.13 | 2.36 | 2.13 | 1.98 | 1.31 | 1.61 | 2.66 | 2.23 | 2.48 | 1.66 |
| OPM % | 7.46 | 9.98 | 13.73 | 11.20 | 13.01 | 10.31 | 10.12 | 7.20 | 9.65 | 15.31 | 13.03 | 10.90 | 9.06 |
| Other Income | 0.05 | 0.67 | -0.08 | 0.79 | 0.18 | 0.18 | 0.53 | 0.21 | 0.15 | 0.41 | 0.18 | 0.36 | 0.15 |
| Depreciation | 0.73 | 0.84 | 0.87 | 0.86 | 0.84 | 0.73 | 0.74 | 0.71 | 0.70 | 0.72 | 0.72 | 0.71 | 0.68 |
| Interest | 0.12 | 0.13 | 0.14 | 0.13 | 0.15 | 0.13 | 0.13 | 0.15 | 0.14 | 0.10 | 0.10 | 0.11 | 0.08 |
| Profit before tax | 0.39 | 1.74 | 1.43 | 1.93 | 1.55 | 1.45 | 1.64 | 0.66 | 0.92 | 2.25 | 1.59 | 2.02 | 1.05 |
| Tax % | 23.08 | 29.31 | 30.77 | 14.51 | 37.42 | 23.45 | 27.44 | 22.73 | 63.04 | 15.11 | 22.01 | 25.74 | 5.71 |
| Net Profit | 0.30 | 1.23 | 1.00 | 1.64 | 0.97 | 1.11 | 1.19 | 0.50 | 0.34 | 1.91 | 1.24 | 1.51 | 1.00 |
| EPS in Rs | 2.50 | 10.25 | 8.33 | 13.67 | 8.08 | 9.25 | 9.92 | 4.17 | 2.83 | 15.92 | 10.33 | 12.58 | 8.33 |
Profit & Loss
Annual Β· 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 | 75.94 | 75.10 | 75.56 | 75.33 | 57.92 | 68.60 | 57.27 | 55.52 | 51.86 | 48.02 | 47.51 | 41.19 |
| Expenses | 66.91 | 68.08 | 66.53 | 66.73 | 50.92 | 59.01 | 51.10 | 49.79 | 47.44 | 41.30 | 41.04 | 35.40 |
| Operating Profit | 9.03 | 7.02 | 9.03 | 8.60 | 7.00 | 9.59 | 6.17 | 5.73 | 4.42 | 6.72 | 6.47 | 5.79 |
| OPM % | 11.89 | 9.35 | 11.95 | 11.42 | 12.09 | 13.98 | 10.77 | 10.32 | 8.52 | 13.99 | 13.62 | 14.06 |
| Other Income | 1.57 | 1.07 | 1.09 | 1.69 | 0.94 | 0.88 | 0.85 | 1.04 | 0.42 | 0.35 | 0.78 | 1.12 |
| Interest | 0.54 | 0.55 | 0.38 | 0.36 | 0.45 | 0.64 | 0.82 | 1.09 | 0.91 | 0.89 | 1.13 | 1.12 |
| Depreciation | 3.42 | 2.88 | 2.82 | 2.48 | 2.45 | 1.92 | 1.87 | 1.63 | 1.47 | 1.29 | 1.18 | 1.18 |
| Profit before tax | 6.64 | 4.66 | 6.92 | 7.45 | 5.04 | 7.91 | 4.33 | 4.05 | 2.46 | 4.89 | 4.94 | 4.61 |
| Tax % | 27.11 | 32.62 | 18.35 | 24.97 | 29.17 | 32.49 | 25.40 | 29.88 | 17.89 | 44.79 | 20.45 | 27.98 |
| Net Profit | 4.83 | 3.14 | 5.65 | 5.58 | 3.56 | 5.34 | 3.23 | 2.84 | 2.01 | 2.70 | 3.92 | 3.31 |
| EPS in Rs | 40.25 | 26.17 | 47.08 | 46.50 | 29.67 | 44.50 | 26.92 | 23.67 | 16.75 | 22.50 | 32.67 | 27.58 |
| Dividend Payout % | 8.70 | 13.38 | 7.43 | 7.53 | 11.80 | 7.87 | 7.43 | 6.34 | 8.96 | 6.67 | 4.59 | 5.44 |
Balance Sheet
Annual Β· Rs. Crores β 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 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 |
| Reserves | 56.88 | 52.37 | 49.64 | 44.43 | 39.11 | 35.69 | 30.78 | 27.77 | 25.15 | 23.27 | 20.65 | 16.94 |
| Borrowings | 8.42 | 5.45 | 5.55 | 5.83 | 5.99 | 7.10 | 7.19 | 9.56 | 9.76 | 7.44 | 7.37 | 8.88 |
| Other Liabilities | 12.58 | 15.21 | 11.56 | 12.70 | 16.14 | 21.38 | 17.13 | 18.76 | 15.59 | 19.23 | 17.30 | 15.50 |
| Total Liabilities | 79.08 | 74.23 | 67.95 | 64.16 | 62.44 | 65.37 | 56.30 | 57.29 | 51.70 | 51.14 | 46.52 | 42.52 |
| Fixed Assets | 23.89 | 24.64 | 24.03 | 24.26 | 25.82 | 26.36 | 23.66 | 24.39 | 20.78 | 18.39 | 18.57 | 19.48 |
| CWIP | 9.82 | 9.32 | 3.82 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.24 | 0.40 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Other Assets | 45.36 | 40.26 | 40.09 | 39.76 | 36.61 | 39.00 | 32.63 | 32.89 | 30.67 | 32.34 | 27.94 | 23.03 |
| Total Assets | 79.08 | 74.23 | 67.95 | 64.16 | 62.44 | 65.37 | 56.30 | 57.29 | 51.70 | 51.14 | 46.52 | 42.52 |
Cash Flows
Annual Β· Rs. Crores β 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 | 4.24 | 4.00 | 8.23 | 2.45 | 5.19 | 8.21 | 5.49 | 5.22 | 4.97 | 1.92 | -0.10 | 3.49 |
| Cash from Investing Activity | -3.17 | -9.04 | -6.27 | -1.06 | -1.89 | -4.62 | -1.14 | -4.99 | -3.68 | -1.50 | -0.28 | -1.54 |
| Cash from Financing Activity | 2.63 | -0.99 | -1.04 | -1.01 | -1.23 | -1.24 | -3.33 | -2.54 | 1.07 | -0.25 | 0.47 | -2.12 |
| Net Cash Flow | 3.71 | -6.03 | 0.91 | 0.38 | 2.07 | 2.36 | 1.02 | -2.31 | 2.36 | 0.17 | 0.09 | -0.18 |
| Free Cash Flow | 1.07 | -5.04 | 1.96 | 1.39 | 3.30 | 3.59 | 4.35 | 0.23 | 1.29 | 0.42 | -0.38 | 1.95 |
| CFO/OP % | 61.00 | 91.00 | 105.00 | 41.00 | 101.00 | 100.00 | 109.00 | 109.00 | 129.00 | 45.00 | 20.00 | 82.00 |
Ratios
Annual Β· Days / % β 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 | 124.25 | 125.10 | 105.55 | 103.55 | 105.49 | 119.93 | 115.61 | 126.82 | 103.60 | 133.25 | 103.02 | 107.84 |
| Inventory Days | 88.01 | 92.47 | 75.88 | 82.82 | 104.59 | 60.42 | 78.44 | 93.95 | 119.80 | 137.30 | 115.50 | 93.92 |
| Days Payable | 77.13 | 126.07 | 63.30 | 76.58 | 105.98 | 137.94 | 120.01 | 161.71 | 138.65 | 186.56 | 136.34 | 159.39 |
| Cash Conversion Cycle | 135.12 | 91.50 | 118.13 | 109.79 | 104.10 | 42.41 | 74.04 | 59.05 | 84.75 | 83.99 | 82.19 | 42.37 |
| Working Capital Days | 130.16 | 110.86 | 91.64 | 87.02 | 79.02 | 75.02 | 88.78 | 88.75 | 90.58 | 102.84 | 46.86 | 9.22 |
| ROCE % | 12.06 | 8.94 | 13.41 | 16.04 | 11.83 | 20.56 | 13.26 | 13.77 | 9.82 | 18.91 | 21.59 | 21.35 |
Corporate Actions
11 records| Action | Ex Date | Record Date | Ratio | Amount (βΉ) | Notes |
|---|---|---|---|---|---|
| Dividend | 06 Aug 2025 | 06 Aug 2025 | β | 3.50 | |
| Dividend | 20 Sep 2024 | β | β | 3.50 | |
| Dividend | 20 Sep 2023 | β | β | 3.50 | |
| Dividend | 19 Sep 2022 | β | β | 3.50 | |
| Dividend | 20 Sep 2021 | β | β | 2.00 | |
| Dividend | 22 Feb 2021 | 23 Feb 2021 | β | 1.50 | |
| Dividend | 21 Sep 2020 | β | β | 2.00 | |
| Dividend | 19 Sep 2019 | β | β | 1.50 | |
| Dividend | 31 Aug 2018 | β | β | 1.50 | |
| Dividend | 15 Sep 2017 | β | β | 1.50 | |
| Dividend | 16 Sep 2015 | β | β | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results β Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update30 Jun from crisil
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Rating update1 Jul 2025 from crisil
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Rating update3 Jul 2024 from crisil
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Rating update28 Jul 2023 from crisil
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Rating update29 Dec 2022 from crisil
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Rating update28 Jul 2022 from crisil