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530549: Successful Phase 3 Results Will Drive Stronger Outlook Ahead

Update shared on 16 Nov 2025

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AnalystConsensusTarget's Fair Value
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1Y
-23.8%
7D
-8.9%

Analysts have raised their price target for Shilpa Medicare to ₹514.5. This update is supported by improved growth and profitability projections, which offset a slightly higher discount rate and lower expected future P/E.

What's in the News

  • Shilpa Medicare successfully completed its fourth complex clinical program, SMLINJ011, achieving positive topline Phase 3 results for OERIS™ (Ondansetron Extended-Release Injection). The therapy is aimed at improving prophylaxis of chemotherapy-induced nausea and vomiting. Results showed an 89% complete response rate in the OERIS™ arm compared to 82% for standard therapy, with no serious or severe adverse events reported (Key Developments).
  • The Board of Directors scheduled a meeting on November 13, 2025, to approve the unaudited financial results for the second quarter and half year ended September 30, 2025 (Key Developments).
  • An Extraordinary Shareholders Meeting was held on November 8, 2025, via postal ballot. The agenda included discussion of the reclassification of Suraj Kumar Inani and Priya Inani from the "Promoter group" category to the "Public" category (Key Developments).

Valuation Changes

  • Consensus Analyst Price Target remains unchanged at ₹514.5.
  • The Discount Rate has risen slightly from 12.73% to 12.76%.
  • The Revenue Growth projection has increased from 23.53% to 25.94%.
  • The Net Profit Margin estimate has grown from 25.39% to 26.93%.
  • The Future P/E expectation has fallen from 22.71x to 20.00x.

Disclaimer

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