Ipca Laboratories Key Ratios
NSE: IPCALAB | BSE: 524494
₹1,950.30
As on 28-Aug-2026IST
Market cap
₹49,491 Cr
Revenue (TTM)
₹10,126 Cr
P/E Ratio
37.8
P/B Ratio
5.8
Div. Yield
0.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 16.73 | 20.76 | 10.59 | 17.49 | 13.18 |
| EBIT | 48.30 | 76.60 | 33.46 | 37.32 | 9.25 |
| Net Profit | 20.71 | 72.33 | 54.72 | 40.86 | 6.53 |
| EPS | 34.38 | 72.33 | 68.21 | 38.68 | 5.53 |
| Book Value | -- | -- | 16.05 | 11.33 | 11.38 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 14.05 | 14.03 | 17.80 | 16.01 | 14.31 |
| Net Margin
| 9.20 | 10.15 | 13.41 | 12.16 | 8.70 |
| Return on equity
| 12.15 | 12.61 | 17.72 | 15.88 | 11.86 |
| Return on Capital
| 15.92 | 15.99 | -- | 19.41 | 15.27 |
| Return on Assets
| 7.38 | 8.30 | 11.44 | 9.89 | 6.90 |
| Debt to Equity (x)
| -- | -- | 0.01 | 0.09 | 0.19 |
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
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
--
|
19.41
|
15.27
|
13.10
|
11.71
|
|
Peer Median
|
--
|
19.34
|
21.76
|
21.89
|
--
|
ROE
17.72
Higher than Peers by 2.38
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
17.72
|
15.88
|
11.86
|
8.70
|
8.70
|
|
Peer Median
|
15.35
|
16.97
|
17.93
|
16.42
|
--
|
ROA
11.44
Higher than Peers by 1.09
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
11.44
|
9.89
|
6.90
|
5.37
|
6.06
|
|
Peer Median
|
10.35
|
9.88
|
12.81
|
12.32
|
--
|
EBIT Margin
17.80
Lower than Peers by 0.20
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
17.80
|
16.01
|
14.31
|
11.83
|
10.34
|
|
Peer Median
|
18.01
|
18.96
|
18.93
|
21.05
|
--
|
Net Margin
13.41
Lower than Peers by 1.05
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
13.41
|
12.16
|
8.70
|
6.74
|
7.74
|
|
Peer Median
|
14.45
|
13.29
|
14.94
|
15.51
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
--
|
16.69
|
13.26
|
11.50
|
12.07
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
10.59
Lower than Peers by 1.36
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
10.59
|
7.89
|
16.11
|
23.50
|
7.03
|
|
Peer Median
|
11.95
|
12.97
|
10.90
|
13.44
|
--
|
EBIT Growth
33.46
Higher than Peers by 11.86
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
33.46
|
20.71
|
40.35
|
41.31
|
-37.41
|
|
Peer Median
|
21.60
|
15.05
|
15.01
|
23.50
|
--
|
Net Profit Growth
54.72
Higher than Peers by 31.98
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
54.72
|
51.28
|
48.81
|
7.58
|
-46.00
|
|
Peer Median
|
22.73
|
11.89
|
14.80
|
30.12
|
--
|
EPS Growth
68.21
Higher than Peers by 48.19
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
68.21
|
54.69
|
34.77
|
16.13
|
-46.69
|
|
Peer Median
|
20.03
|
12.16
|
14.27
|
29.02
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
--
|
16.05
|
9.72
|
8.36
|
6.90
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.01
Higher than Peers by 0.01
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
0.01
|
0.09
|
0.19
|
0.22
|
0.25
|
|
Peer Median
|
0.00
|
0.05
|
0.06
|
0.03
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
--
|
0.05
|
0.07
|
0.09
|
0.11
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.76
Higher than Peers by 0.68
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
2.76
|
2.76
|
2.50
|
2.35
|
2.87
|
|
Peer Median
|
2.08
|
1.93
|
1.90
|
2.23
|
--
|
Quick Ratio
1.58
Higher than Peers by 0.04
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
1.58
|
1.58
|
1.43
|
1.30
|
1.91
|
|
Peer Median
|
1.54
|
1.52
|
1.46
|
1.59
|
--
|
Interest Coverage
27.17
Higher than Peers by 7.80
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
27.17
|
20.88
|
13.88
|
6.99
|
16.47
|
|
Peer Median
|
19.38
|
19.95
|
24.96
|
45.29
|
--
|
Operating Efficiency
Debtors to sales
19.89
Lower than Peers by 1.49
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
19.89
|
20.98
|
21.18
|
22.01
|
15.94
|
|
Peer Median
|
21.38
|
19.87
|
21.77
|
20.10
|
--
|
Asset Turnover
0.84
Higher than Peers by 0.12
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
0.84
|
0.80
|
0.78
|
0.78
|
0.77
|
|
Peer Median
|
0.72
|
0.77
|
0.76
|
0.81
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
--
|
73.75
|
72.89
|
63.37
|
55.52
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
--
|
100.11
|
102.72
|
99.83
|
105.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
--
|
131.14
|
121.11
|
102.19
|
86.04
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
--
|
42.73
|
54.51
|
61.01
|
74.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
37.79
Higher than Peers by 3.80
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
37.79
|
35.64
|
51.63
|
57.39
|
43.62
|
|
Peer Median
|
33.99
|
34.30
|
26.81
|
39.85
|
--
|
Price / Book Value
5.83
Higher than Peers by 0.77
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
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
5.83
|
5.05
|
5.48
|
4.96
|
3.52
|
|
Peer Median
|
5.06
|
5.19
|
4.65
|
6.11
|
--
|
Dividend Yield
0.31
Lower than Peers by 0.18
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
0.31
|
0.37
|
0.27
|
0.32
|
0.49
|
|
Peer Median
|
0.49
|
0.50
|
0.61
|
0.37
|
--
|
EV/EBITDA
20.69
--
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
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
20.69
|
18.93
|
21.43
|
22.44
|
19.11
|
|
Peer Median
|
--
|
30.46
|
27.02
|
34.57
|
--
|
Market Cap
49,491
Higher than Peers by 30,366
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ipca Laboratories
|
49,491
|
40,668
|
38,088
|
31,414
|
20,557
|
|
Peer Median
|
19,125
|
18,009
|
20,914
|
25,297
|
--
|