Hikal Key Ratios
NSE: HIKAL | BSE: 524735
₹233.98
As on 21-Sep-2026 09:34IST
Market cap
₹2,788 Cr
Revenue (TTM)
₹1,735 Cr
P/E Ratio
--
P/B Ratio
2.3
Div. Yield
0.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -22.45 | 5.89 | -5.37 | -5.13 | -1.00 |
| EBIT | -108.99 | 60.14 | -57.52 | -27.69 | -25.23 |
| Net Profit | -114.62 | 37.27 | 3.69 | -11.33 | -17.20 |
| EPS | -151.39 | 66.96 | -153.40 | -171.03 | -172.48 |
| Book Value | -- | -- | -5.03 | 1.83 | 5.10 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 7.37 | 8.41 | 3.76 | 3.30 | 10.43 |
| Net Margin
| 1.98 | 3.61 | -1.93 | -2.83 | 4.87 |
| Return on equity
| 3.15 | 6.52 | 5.49 | -3.97 | 7.41 |
| Return on Capital
| 5.63 | 8.11 | -- | -0.83 | 9.88 |
| Return on Assets
| 1.36 | 2.96 | -1.38 | -1.89 | 3.26 |
| Debt to Equity (x)
| -- | -- | 0.31 | 0.57 | 0.60 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
--
|
-0.83
|
9.88
|
7.82
|
8.47
|
|
Peer Median
|
--
|
15.39
|
14.72
|
18.85
|
--
|
ROE
5.49
Lower than Peers by 5.37
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
5.49
|
-3.97
|
7.41
|
6.00
|
7.12
|
|
Peer Median
|
10.86
|
13.12
|
11.67
|
14.92
|
--
|
ROA
-1.38
Lower than Peers by 8.12
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
-1.38
|
-1.89
|
3.26
|
2.70
|
3.33
|
|
Peer Median
|
6.74
|
8.14
|
7.86
|
9.06
|
--
|
EBIT Margin
3.76
Lower than Peers by 8.93
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
3.76
|
3.30
|
10.43
|
8.37
|
7.32
|
|
Peer Median
|
12.69
|
15.05
|
15.03
|
14.71
|
--
|
Net Margin
-1.93
Lower than Peers by 10.80
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
-1.93
|
-2.83
|
4.87
|
3.89
|
3.86
|
|
Peer Median
|
8.86
|
8.81
|
9.33
|
8.49
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
--
|
6.71
|
12.11
|
10.49
|
9.26
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-5.37
Lower than Peers by 13.50
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
-5.37
|
-7.91
|
4.21
|
-11.79
|
4.13
|
|
Peer Median
|
8.14
|
15.19
|
10.27
|
11.85
|
--
|
EBIT Growth
-57.52
Lower than Peers by 74.77
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
-57.52
|
-70.82
|
29.85
|
0.91
|
-39.54
|
|
Peer Median
|
17.24
|
25.49
|
24.15
|
28.00
|
--
|
Net Profit Growth
3.69
Lower than Peers by 13.17
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
3.69
|
-153.74
|
30.46
|
-11.20
|
-51.16
|
|
Peer Median
|
16.85
|
29.16
|
30.29
|
36.51
|
--
|
EPS Growth
-153.40
Lower than Peers by 164.00
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
-153.40
|
-153.74
|
30.46
|
-11.35
|
-51.16
|
|
Peer Median
|
10.60
|
17.80
|
24.50
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
--
|
-5.03
|
6.28
|
4.78
|
6.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.31
Higher than Peers by 0.27
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
0.31
|
0.57
|
0.60
|
0.69
|
0.66
|
|
Peer Median
|
0.04
|
0.21
|
0.23
|
0.20
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
--
|
0.15
|
0.21
|
0.24
|
0.15
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.30
Lower than Peers by 0.42
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
1.30
|
1.30
|
1.20
|
1.23
|
1.42
|
|
Peer Median
|
1.72
|
1.83
|
1.79
|
1.96
|
--
|
Quick Ratio
0.77
Lower than Peers by 0.40
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
0.77
|
0.77
|
0.87
|
0.90
|
0.94
|
|
Peer Median
|
1.17
|
1.26
|
1.47
|
1.44
|
--
|
Interest Coverage
0.04
Lower than Peers by 7.83
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
0.04
|
-0.26
|
2.65
|
2.69
|
3.19
|
|
Peer Median
|
7.86
|
8.17
|
9.42
|
8.58
|
--
|
Operating Efficiency
Debtors to sales
25.45
Lower than Peers by 0.33
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
25.45
|
25.79
|
28.09
|
30.84
|
21.84
|
|
Peer Median
|
25.79
|
25.37
|
25.82
|
26.12
|
--
|
Asset Turnover
0.71
Higher than Peers by 0.04
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
0.71
|
0.66
|
0.67
|
0.69
|
0.86
|
|
Peer Median
|
0.67
|
0.75
|
0.75
|
0.77
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
--
|
102.73
|
105.26
|
101.45
|
79.34
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
--
|
73.81
|
62.63
|
63.45
|
58.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
--
|
136.71
|
127.05
|
131.02
|
92.70
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
--
|
39.82
|
40.84
|
33.88
|
44.89
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
42.48
Lower than Peers by 5.80
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
42.48
|
--
|
54.42
|
46.99
|
44.34
|
|
Peer Median
|
48.28
|
49.18
|
39.70
|
33.48
|
--
|
Price / Book Value
2.34
Lower than Peers by 2.44
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
2.34
|
1.51
|
3.91
|
2.75
|
3.07
|
|
Peer Median
|
4.78
|
5.01
|
3.72
|
4.21
|
--
|
Dividend Yield
0.27
Higher than Peers by 0.16
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
0.27
|
0.41
|
0.35
|
0.45
|
0.43
|
|
Peer Median
|
0.10
|
0.10
|
0.16
|
0.21
|
--
|
EV/EBITDA
14.08
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
14.08
|
10.67
|
17.05
|
15.08
|
15.87
|
|
Peer Median
|
--
|
31.12
|
30.23
|
29.90
|
--
|
Market Cap
2,788
Lower than Peers by 4,656
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hikal
|
2,788
|
1,816
|
4,941
|
3,270
|
3,476
|
|
Peer Median
|
7,443
|
5,689
|
4,851
|
2,099
|
--
|