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Shilpa Medicare Limited SHILPAMED NSEPHARMA

Healthcare · Drug Manufacturers - Specialty & Generic · India
https://www.vbshilpa.com

Shilpa Medicare Limited, together with its subsidiaries, manufactures and sells active pharmaceutical ingredients (APIs), finished dosage formulations, biosimilars, and contract development and manufacturing organisation in India, the United States, Europe, and internationally. The company offers various oncology and non-oncology APIs, such as anastrozole, acebrophylline, ambroxol hydrochloride, axitinib, azacitidine, abiraterone acetate, bendamustine HCL monohydrate, bicalutamide, bortezomib, busulphan, cabazitaxel amorphous, capecitabine, clofarabine, cyclophosphamide, dasatinib, decitabine, dimethyl fumarate, erlotinib HCL, enzalutamide, fingolimod hydrochloride, gemcitabine HCl, ibrutinib, imatinib mesylate, irinotecan HCl trihydrate, lenalidomide, lenvatinib mesylate, letrozole, and melphalan HCL. It also provides nifedipine, oxaliplatin, pazopanib, pemetrexed disodium hemipentahydrate, pemetrexed dipotassium nonahydrate, pirfenidone, pomalidomide, sodium cholesteryl sulfate, sorafenib tosylate, sunitinib malate, temozolomide, teriflunomide, thalidomide, tranexamic and zoledronic acid, phenylephrine, citicholine, palbocicilib, nilotinib, nintedanib, praziquintol, carmustine, elthrombopag olamine, abacavir sulphate, tenofovir disproxyl fumarate API, tenofovir alfanamide, prucalopride succinate, and varenicline tartrate. In addition, the company offers intermediates; peptides; biopolymers; biologics; contract development and manufacturing services; and formulations, such as tablets, capsules, liquid injections, dry powder injectable products, oral dissolving films, transdermal patches. Further, it is involved in the manufacture of specialized oncology formulations; and wind power generation activities. The company was formerly known as Shilpa Antibiotics Ltd and changed its name to Shilpa Medicare Limited in February 2003. Shilpa Medicare Limited was incorporated in 1987 and is based in Raichur, India.

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₹498.95
+11.93% 1Y

Market & Price

Market Cap
₹9,758.56 Cr
Current Price
₹498.95
High / Low (52W)
₹512.15 / ₹267.00
Beta
-

Valuation

Stock P/E
40.17
Industry PE
37.60
Forward P/E
26.90
PEG Ratio
-
Book Value
₹124.44
Price to Book
4.01
P/S
6.30
EV/EBITDA
23.34
Dividend Yield
0.10%

Profitability & Returns

ROCE
14.52%
ROE
9.82%
ROA
5.79%
Profit Margin
15.71%
Op Margin
20.39%
EPS (Latest Qtr)
₹5.51
EPS (TTM)
₹12.42

Balance Sheet & Liquidity

Debt/Equity
0.25
Quick Ratio
0.68
Current Ratio
1.31
Debt
₹659.86 Cr
Total Assets
₹3,705.61 Cr
Current Assets
₹1,109.77 Cr
Working Capital
₹261.71 Cr

Ownership

Promoter Holding
60.52%
Chg in Prom Hold
-
FII / Inst Holding
10.62%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹10,375.45 Cr
Total Revenue (TTM)
₹1,548.71 Cr
EBITDA
₹444.55 Cr
Free Cash Flow
₹-135.88 Cr
Operating Cash Flow
₹342.18 Cr
Shares Outstanding
₹19.56 Cr
Gross Margin
70.27%
Payout Ratio
4.02%

Growth (CAGR)

Revenue 5Y
13.83%
Profit 5Y
282.65%
Revenue (YoY)
31.50%
Earnings (YoY)
644.60%

PROS

  • Compounding revenue at 13.8% over 5 years.
  • Profit CAGR of 282.6% over 5 years.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 SHILPAMED Shilpa Medicare Limited NSEPHARMA 498.95 40.17 ₹9,758.56 Cr 0.10% 14.52% 9.82% 13.83% 282.65%
2 SUNPHARMA Sun Pharmaceutical Industries Limited NIFTY50NSEAIPHARMA 1,799.20 37.59 ₹4.32 L Cr 0.92% 17.94% 14.72% 10.39% 10.65%
3 DIVISLAB Divi's Laboratories Limited NSEPHARMA 6,667.00 68.97 ₹1.77 L Cr 0.45% 18.96% 16.19% 11.27% 12.08%
4 TORNTPHARM Torrent Pharmaceuticals Limited NSEPHARMA 4,410.80 68.96 ₹1.49 L Cr 0.86% 9.06% 16.98% 13.27% 20.21%
5 CIPLA Cipla Limited NIFTY50NSEAIPHARMA 1,401.00 29.16 ₹1.13 L Cr 0.93% 14.88% 11.74% 7.23% 11.45%
6 DRREDDY Dr. Reddy's Laboratories Limited NIFTY50NSEAIPHARMA 1,303.50 25.90 ₹1.09 L Cr 0.61% 14.00% 11.83% 10.96% -2.35%
7 ZYDUSLIFE Zydus Lifesciences Limited NSEPHARMA 1,077.70 21.51 ₹1.08 L Cr 0.09% 19.24% 18.32% 16.55% 36.99%
8 LUPIN Lupin Limited NIFTY_MIDNSEPHARMA 2,267.70 19.49 ₹1.04 L Cr 0.53% 28.42% 26.91% 19.10% 131.46%
9 MANKIND Mankind Pharma Limited NIFTY_MIDNSEPHARMA 2,375.60 51.29 ₹98,090.71 Cr 0.08% 13.78% 12.45% 17.73% 14.28%
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Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -319.30 Cr330.82 Cr321.46 Cr369.97 Cr409.73 Cr436.99 Cr
Cost of Revenue -91.00 Cr104.49 Cr79.61 Cr105.50 Cr133.32 Cr141.99 Cr
Gross Profit -228.30 Cr226.33 Cr241.85 Cr264.47 Cr276.40 Cr295.00 Cr
Operating Expenses -176.46 Cr161.61 Cr179.14 Cr186.01 Cr192.47 Cr188.95 Cr
Operating Income -51.84 Cr64.72 Cr62.72 Cr78.46 Cr83.94 Cr106.05 Cr
EBITDA -82.17 Cr58.55 Cr97.28 Cr109.92 Cr101.90 Cr164.73 Cr
Interest Expense -11.75 Cr28.79 Cr18.78 Cr15.67 Cr10.68 Cr30.62 Cr
Pretax Income -41.61 Cr15.27 Cr49.58 Cr64.43 Cr60.85 Cr120.45 Cr
Tax Provision -9.83 Cr77.00 L2.69 Cr20.36 Cr16.27 Cr12.66 Cr
Net Income -31.78 Cr14.51 Cr46.89 Cr44.07 Cr44.58 Cr107.79 Cr
Diluted EPS 0.461.630.742.401.122.365.51

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -1,043.45 Cr1,150.84 Cr1,286.43 Cr1,538.87 Cr
Cost of Revenue -416.84 Cr408.04 Cr410.39 Cr460.41 Cr
Gross Profit -626.60 Cr742.80 Cr876.04 Cr1,078.46 Cr
Operating Expenses -631.20 Cr608.94 Cr632.20 Cr702.54 Cr
Operating Income --4.60 Cr133.86 Cr243.84 Cr375.92 Cr
EBITDA -113.47 Cr245.92 Cr348.31 Cr534.75 Cr
Interest Expense -56.25 Cr83.71 Cr112.99 Cr119.72 Cr
Pretax Income --38.28 Cr54.34 Cr122.33 Cr295.31 Cr
Tax Provision --7.31 Cr22.39 Cr44.04 Cr51.99 Cr
Net Income --32.53 Cr31.87 Cr78.30 Cr243.33 Cr
Diluted EPS --1.881.834.0212.44

Compounded Sales Growth

5 Years:13.83%
1 Year:31.50%

Compounded Profit Growth

5 Years:282.65%
1 Year:644.60%

Stock Price Performance

1 Year:+11.93%
6 Months:+42.21%
3 Months:+55.65%
1 Month:+22.70%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -2,903.93 Cr3,093.24 Cr3,310.71 Cr3,705.61 Cr
Current Assets -769.55 Cr876.24 Cr985.67 Cr1,109.77 Cr
Cash & Equivalents -21.32 Cr30.23 Cr25.97 Cr41.26 Cr
Inventory -319.82 Cr344.93 Cr347.93 Cr366.79 Cr
Receivables -324.35 Cr392.05 Cr440.84 Cr518.85 Cr
Total Liabilities -1,129.57 Cr1,293.29 Cr947.01 Cr1,114.41 Cr
Current Liabilities -784.45 Cr693.59 Cr674.23 Cr848.06 Cr
Long Term Debt -288.82 Cr560.16 Cr231.96 Cr183.81 Cr
Total Debt -797.89 Cr937.39 Cr587.75 Cr659.86 Cr
Total Equity -1,783.28 Cr1,801.08 Cr2,363.07 Cr2,591.20 Cr
Shares Outstanding -8.68 Cr8.68 Cr9.78 Cr19.56 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -179.92 Cr136.67 Cr132.27 Cr342.18 Cr
Investing Cash Flow --232.61 Cr-166.58 Cr-199.13 Cr-325.92 Cr
Financing Cash Flow -45.80 Cr46.77 Cr62.65 Cr13.62 Cr
Capital Expenditure --226.67 Cr-184.56 Cr-243.68 Cr-370.63 Cr
Free Cash Flow --46.74 Cr-47.89 Cr-111.41 Cr-28.45 Cr
Net Change in Cash --6.89 Cr16.86 Cr-4.21 Cr29.88 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -60.1%64.5%68.1%70.1%
Operating Margin % --0.4%11.6%19.0%24.4%
Net Margin % --3.1%2.8%6.1%15.8%
ROE % --1.8%1.8%3.3%9.4%
ROCE % --0.2%5.6%9.2%13.2%

Shareholding Pattern

Insiders
60.52%
Institutions
10.62%
Public Float
26.89%

Analyst View

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