Indoco Remedies Limited INDOCO NSEPHARMA
Company Overview
Indoco Remedies Limited manufactures and markets formulations and active pharmaceutical ingredients in India and internationally. It offers products for gastrointestinal, anti-infectives, respiratory, stomatological, vitamins/minerals/nutrients, urological, ophthal/ontological, dermatology, pain/analgesic, cardiac, anti-diabetic, and gynaecological therapeutic areas. The company also provides branded generics comprising analgesic tablets and topical preparations; anti-hypertensive; protein supplements; multivitamin tablets and syrups; antibiotic tablets, syrups, and injectables; oral rehydration powders; antacids; and antihistaminic, anti-inflammatory drugs, etc. In addition, it provides analytical services, such as impurity profile, particle size analysis, polymorphism and compatibility studies, heavy metal analysis, extractables and leachables studies, lyophilization studies, reference and working standards, forced degradation studies, and chromatographic method development and validation services. Further, the company offers architectural design, lighting, mechanical and utility engineering, project and construction management, electrical, control system, piping, structural design, data transfer system, and process engineering. Additionally, it provides contract research services, such as custom chemical synthesis of molecules and intermediates; process chemistry research and development; non-infringing process designing and scale up; and analytical method development, validation, impurity characterization, and polymorphic studies, solutions, as well as intellectual property management. The company was formerly known as Indo Continental Trading Company. Indoco Remedies Limited was founded in 1945 and is based in Mumbai, India.
Why Investors Should Care
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹1,792.94 Cr (+9.2% YoY); net profit ₹-95.15 Cr.
- Trailing 12 Months Year-on-year growth — revenue +9.2%.
- 5-Year Trend Long-term compounding — revenue CAGR 3.0%, profit CAGR -55.6%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 3.02% |
| 1 Year: | 9.24% |
Compounded Profit Growth
| 5 Years: | -55.63% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -22.25% |
| 6 Months: | +16.64% |
| 3 Months: | +17.00% |
| 1 Month: | +6.01% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)62.82 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
CONS
- Earnings shrank at -55.6% CAGR over 5 years.
- Trading 25.1% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | INDOCO Indoco Remedies Limited NSEPHARMA | 253.98 | -30.02 | ₹2,344.33 Cr | 0.08% | 1.02% | -10.13% | 3.02% | -55.63% |
| 2 | SUNPHARMA Sun Pharmaceutical Industries Limited NIFTY50NSEAIPHARMA | 1,948.80 | 40.77 | ₹4.68 L Cr | 0.83% | 17.94% | 13.74% | 10.39% | 10.65% |
| 3 | DIVISLAB Divi's Laboratories Limited NSEPHARMA | 7,315.50 | 75.61 | ₹1.94 L Cr | 0.44% | 18.96% | 15.32% | 11.27% | 12.08% |
| 4 | TORNTPHARM Torrent Pharmaceuticals Limited NSEPHARMA | 4,952.20 | 87.70 | ₹1.68 L Cr | 0.78% | 9.05% | 25.79% | 13.27% | 20.22% |
| 5 | APOLLOHOSP Apollo Hospitals Enterprise Limited NIFTY50NSEAIPHARMA | 8,981.00 | 66.51 | ₹1.29 L Cr | 0.23% | 19.79% | 20.48% | 15.33% | 33.34% |
| 6 | CIPLA Cipla Limited NIFTY50NSEAIPHARMA | 1,440.10 | 22.07 | ₹1.16 L Cr | 0.90% | 14.86% | 11.27% | 7.23% | 11.45% |
| 7 | ZYDUSLIFE Zydus Lifesciences Limited NSEPHARMA | 1,137.40 | 22.71 | ₹1.14 L Cr | 0.09% | 19.04% | 18.59% | 16.55% | 36.99% |
| 8 | LUPIN Lupin Limited NIFTY_MIDNSEPHARMA | 2,494.30 | 21.42 | ₹1.14 L Cr | 0.72% | 28.42% | 23.76% | 19.10% | 131.46% |
| 9 | MAXHEALTH Max Healthcare Institute Limited NSEAIPHARMA | 1,099.00 | 99.82 | ₹1.07 L Cr | 0.18% | 12.57% | 13.42% | 22.37% | 9.34% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 428.00 Cr | 426.00 Cr | 482.00 Cr | 459.00 Cr | 450.00 Cr | 431.00 Cr | 433.00 Cr | 411.00 Cr | 383.89 Cr | 429.08 Cr | 471.83 Cr | 434.34 Cr | 455.90 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 105.97 Cr | 134.97 Cr | 145.34 Cr | 120.42 Cr | 141.01 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 277.92 Cr | 294.11 Cr | 326.49 Cr | 313.92 Cr | 314.89 Cr |
| Operating Expenses | 363.00 Cr | 365.00 Cr | 410.00 Cr | 397.00 Cr | 401.00 Cr | 384.00 Cr | 392.00 Cr | 399.00 Cr | 307.48 Cr | 306.28 Cr | 315.69 Cr | 314.42 Cr | 297.67 Cr |
| Operating Income | 47.00 Cr | 41.00 Cr | 50.00 Cr | 39.00 Cr | 23.00 Cr | 20.00 Cr | 11.00 Cr | -17.00 Cr | -29.56 Cr | -12.17 Cr | 10.80 Cr | -50.00 L | 17.22 Cr |
| EBITDA | 65.00 Cr | 61.00 Cr | 71.00 Cr | 63.00 Cr | 49.00 Cr | 48.00 Cr | 40.00 Cr | 12.00 Cr | 1.24 Cr | 19.16 Cr | 43.28 Cr | 26.34 Cr | 53.41 Cr |
| Interest Expense | 9.00 Cr | 8.00 Cr | 8.00 Cr | 10.00 Cr | 12.00 Cr | 14.00 Cr | 18.00 Cr | 16.00 Cr | 17.98 Cr | 26.12 Cr | 24.56 Cr | 25.64 Cr | 45.92 Cr |
| Pretax Income | 39.00 Cr | 34.00 Cr | 46.00 Cr | 23.00 Cr | 33.00 Cr | 7.00 Cr | -5.00 Cr | -31.00 Cr | -45.52 Cr | -36.66 Cr | -13.53 Cr | -31.31 Cr | -25.00 Cr |
| Tax Provision | 13.26 Cr | 9.86 Cr | 11.04 Cr | 7.13 Cr | 10.89 Cr | 5.18 Cr | -5.35 Cr | 2.48 Cr | -4.18 Cr | -31.00 L | -4.32 Cr | -1.86 Cr | -1.32 Cr |
| Net Income | 26.00 Cr | 24.00 Cr | 35.00 Cr | 16.00 Cr | 22.00 Cr | 2.00 Cr | -10.00 Cr | -28.00 Cr | -40.39 Cr | -35.79 Cr | -7.93 Cr | -29.79 Cr | -21.64 Cr |
| Diluted EPS | 2.80 | 2.65 | 3.81 | 1.77 | 2.46 | 0.28 | -1.04 | -2.86 | -4.48 | -3.94 | -1.00 | -3.20 | -2.57 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 854.00 Cr | 1,005.00 Cr | 1,071.00 Cr | 1,041.00 Cr | 968.00 Cr | 1,107.00 Cr | 1,242.00 Cr | - | 1,640.05 Cr | 1,788.22 Cr | 1,641.29 Cr | 1,792.94 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 539.31 Cr | 582.10 Cr | 498.18 Cr | 541.74 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 1,100.73 Cr | 1,206.12 Cr | 1,143.11 Cr | 1,251.20 Cr |
| Operating Expenses | 689.00 Cr | 834.00 Cr | 914.00 Cr | 906.00 Cr | 892.00 Cr | 983.00 Cr | 1,017.00 Cr | - | 903.10 Cr | 1,063.26 Cr | 1,157.69 Cr | 1,235.85 Cr |
| Operating Income | 119.00 Cr | 110.00 Cr | 94.00 Cr | 67.00 Cr | 5.00 Cr | 52.00 Cr | 152.00 Cr | - | 197.64 Cr | 142.86 Cr | -14.58 Cr | 15.35 Cr |
| EBITDA | 166.00 Cr | 171.00 Cr | 157.00 Cr | 135.00 Cr | 77.00 Cr | 123.00 Cr | 225.00 Cr | - | 287.15 Cr | 262.59 Cr | 105.70 Cr | 142.19 Cr |
| Interest Expense | 11.00 Cr | 12.00 Cr | 6.00 Cr | 24.00 Cr | 21.00 Cr | 26.00 Cr | 22.00 Cr | - | 23.75 Cr | 34.93 Cr | 66.23 Cr | 122.25 Cr |
| Pretax Income | 110.00 Cr | 99.00 Cr | 91.00 Cr | 48.00 Cr | -9.00 Cr | 29.00 Cr | 132.00 Cr | - | 192.79 Cr | 135.80 Cr | -74.37 Cr | -106.51 Cr |
| Tax Provision | 26.40 Cr | 16.83 Cr | 13.65 Cr | 7.20 Cr | 6.21 Cr | 4.64 Cr | 39.60 Cr | - | 50.54 Cr | 38.79 Cr | 3.58 Cr | -7.81 Cr |
| Net Income | 83.00 Cr | 82.00 Cr | 77.00 Cr | 41.00 Cr | -3.00 Cr | 24.00 Cr | 93.00 Cr | - | 142.25 Cr | 98.46 Cr | -73.74 Cr | -95.15 Cr |
| Diluted EPS | 8.99 | 8.89 | 8.36 | 4.47 | -0.31 | 2.62 | 10.10 | 16.80 | 15.42 | 10.67 | -8.46 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 846.00 Cr | 941.00 Cr | 1,197.00 Cr | 1,238.00 Cr | 1,258.00 Cr | 1,272.00 Cr | 1,315.00 Cr | - | 1,658.20 Cr | 2,144.73 Cr | 2,429.91 Cr | 2,593.27 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 813.57 Cr | 954.67 Cr | 1,001.34 Cr | 1,193.35 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 10.92 Cr | 14.86 Cr | 12.10 Cr | 25.93 Cr |
| Inventory | - | - | - | - | - | - | - | - | 325.99 Cr | 353.06 Cr | 419.35 Cr | 405.21 Cr |
| Receivables | - | - | - | - | - | - | - | - | 350.94 Cr | 406.20 Cr | 352.41 Cr | 489.17 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 629.95 Cr | 1,034.23 Cr | 1,411.54 Cr | 1,661.16 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 424.51 Cr | 612.33 Cr | 807.99 Cr | 1,052.54 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 143.50 Cr | 351.73 Cr | 533.20 Cr | 516.02 Cr |
| Total Debt | 97.00 Cr | 140.00 Cr | 280.00 Cr | 282.00 Cr | 296.00 Cr | 262.00 Cr | 267.00 Cr | - | 332.85 Cr | 671.95 Cr | 993.57 Cr | 1,089.75 Cr |
| Total Equity | 518.00 Cr | 576.00 Cr | 651.00 Cr | 675.00 Cr | 660.00 Cr | 679.00 Cr | 769.00 Cr | - | 1,028.25 Cr | 1,109.90 Cr | 1,022.00 Cr | 939.28 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 9.22 Cr | 9.22 Cr | 9.22 Cr | 9.23 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 109.00 Cr | 112.00 Cr | 89.00 Cr | 123.00 Cr | 132.00 Cr | 123.00 Cr | 82.00 Cr | - | 178.83 Cr | 155.39 Cr | 90.76 Cr | 226.35 Cr |
| Investing Cash Flow | -88.00 Cr | -111.00 Cr | -171.00 Cr | -135.00 Cr | -104.00 Cr | -56.00 Cr | -67.00 Cr | - | -208.17 Cr | -432.52 Cr | -259.79 Cr | -87.38 Cr |
| Financing Cash Flow | -20.00 Cr | -2.00 Cr | 132.00 Cr | -39.00 Cr | -16.00 Cr | -64.00 Cr | -30.00 Cr | - | 22.80 Cr | 280.43 Cr | 168.62 Cr | -133.09 Cr |
| Capital Expenditure | -89.00 Cr | -97.00 Cr | -189.00 Cr | -138.00 Cr | -93.00 Cr | -59.00 Cr | -76.00 Cr | - | -207.25 Cr | -425.99 Cr | -258.43 Cr | -125.35 Cr |
| Free Cash Flow | 20.00 Cr | 15.00 Cr | -100.00 Cr | -15.00 Cr | 39.00 Cr | 64.00 Cr | 6.00 Cr | - | -28.42 Cr | -270.60 Cr | -167.67 Cr | 101.00 Cr |
| Net Change in Cash | 1.00 Cr | -0 | 50.00 Cr | -51.00 Cr | 12.00 Cr | 3.00 Cr | -14.00 Cr | - | -6.54 Cr | 3.31 Cr | -41.00 L | 5.88 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 67.1% | 67.4% | 69.6% | 69.8% |
| Operating Margin % | 13.9% | 10.9% | 8.8% | 6.4% | 0.5% | 4.7% | 12.2% | - | 12.1% | 8.0% | -0.9% | 0.9% |
| Net Margin % | 9.7% | 8.2% | 7.2% | 3.9% | -0.3% | 2.2% | 7.5% | - | 8.7% | 5.5% | -4.5% | -5.3% |
| ROE % | 16.0% | 14.2% | 11.8% | 6.1% | -0.5% | 3.5% | 12.1% | - | 13.8% | 8.9% | -7.2% | -10.1% |
| ROCE % | - | - | - | - | - | - | - | - | 16.0% | 9.3% | -0.9% | 1.0% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for INDOCO
Indoco Remedies (NSE:INDOCO investor three-year losses grow to 42% as the stock sheds ₹2.2b this past week - simplywall.st
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Indoco Remedies share price gains after Goa plant receives EU GMP certification - Moneycontrol.com
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Indoco Remedies Q4 Results: Loss halves, EBITDA returns to profit; shares rally 13% - CNBC TV18
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Indoco Remedies Share Price Today Up 14% - Equitymaster
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Indoco Remedies shares rise 5% on receiving EIR for Patalganga API unit - Business Standard
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INDOCO — Frequently Asked Questions
What is the current share price of Indoco Remedies Limited (INDOCO)?
As of 2026-07-15 09:52 IST, Indoco Remedies Limited (INDOCO) trades at ₹253.98 on NSE. Its 52-week range is ₹164.00 to ₹338.86.
What is the market capitalisation of INDOCO?
Indoco Remedies Limited (INDOCO) has a market capitalisation of ₹2,344.33 Cr on NSE.
What is the P/E ratio of INDOCO?
INDOCO trades at a trailing price-to-earnings (P/E) ratio of -30.02. The industry average P/E is 39.97. Its price-to-book (P/B) ratio is 2.32.
Does INDOCO pay a dividend?
Indoco Remedies Limited (INDOCO) currently offers a dividend yield of 0.08%.
What is the return on equity (ROE) of INDOCO?
INDOCO has a return on equity (ROE) of -10.13%. Its return on capital employed (ROCE) is 1.02%.
Is INDOCO a good stock to buy?
This page provides a data-driven analysis of Indoco Remedies Limited (INDOCO), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.