Annuncio • May 04
Ipca Laboratories Limited to Report Q4, 2026 Results on May 29, 2026 Ipca Laboratories Limited announced that they will report Q4, 2026 results on May 29, 2026 Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹12.86 (vs ₹9.78 in 3Q 2025) Third quarter 2026 results: EPS: ₹12.86 (up from ₹9.78 in 3Q 2025). Revenue: ₹24.1b (up 7.5% from 3Q 2025). Net income: ₹3.26b (up 32% from 3Q 2025). Profit margin: 14% (up from 11% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 21% per year. Annuncio • Jan 22
Ipca Laboratories Limited to Report Q3, 2026 Results on Feb 13, 2026 Ipca Laboratories Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Feb 13, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹11.14 (up from ₹9.05 in 2Q 2025). Revenue: ₹25.8b (up 9.7% from 2Q 2025). Net income: ₹2.83b (up 23% from 2Q 2025). Profit margin: 11% (up from 9.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.8%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year. Annuncio • Oct 17
Ipca Laboratories Limited to Report Q2, 2026 Results on Nov 13, 2025 Ipca Laboratories Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹9.19 (vs ₹7.58 in 1Q 2025) First quarter 2026 results: EPS: ₹9.19 (up from ₹7.58 in 1Q 2025). Revenue: ₹23.1b (up 10% from 1Q 2025). Net income: ₹2.33b (up 21% from 1Q 2025). Profit margin: 10% (in line with 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Jul 29
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 05 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.8%). Annuncio • Jul 24
Ipca Laboratories Limited to Report Q1, 2026 Results on Aug 11, 2025 Ipca Laboratories Limited announced that they will report Q1, 2026 results on Aug 11, 2025 Reported Earnings • Jul 11
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹29.08 (up from ₹21.57 in FY 2024). Revenue: ₹90.3b (up 17% from FY 2024). Net income: ₹7.38b (up 35% from FY 2024). Profit margin: 8.2% (up from 7.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annuncio • Jul 06
Ipca Laboratories Limited, Annual General Meeting, Aug 11, 2025 Ipca Laboratories Limited, Annual General Meeting, Aug 11, 2025, at 15:30 Indian Standard Time. Declared Dividend • May 31
Final dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 5th August 2025 Payment date: 1st January 1970 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 103% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 30
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹29.08 (up from ₹21.57 in FY 2024). Revenue: ₹90.3b (up 17% from FY 2024). Net income: ₹7.38b (up 35% from FY 2024). Profit margin: 8.2% (up from 7.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Annuncio • May 14
Ipca Laboratories Limited to Report Q4, 2025 Results on May 29, 2025 Ipca Laboratories Limited announced that they will report Q4, 2025 results on May 29, 2025 Annuncio • Mar 03
Ipca Laboratories Limited Appoints Saidutta Nanda as President - Human Resources Ipca Laboratories Limited informed that Mr. Saidutta Nanda has joined the Company as President - Human Resources with effect from 3rd March, 2025. Mr. Saidutta Nanda, aged 48 years has completed his Master of Business Administration from Institute of Management Studies, Devi Ahilya Vishwavidyalay, Indore. Mr. Nanda brings with him a professional experience of over 24 years. He started his career with Cadila Pharmaceuticals in the year 1999. Prior to joining us, he was associated with Macleods Pharmaceuticals Limited as President - Human Resources. He will be responsible for leading all the activities related to the Human Resources Division of the Company. Reported Earnings • Feb 14
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: ₹9.78 (up from ₹7.09 in 3Q 2024). Revenue: ₹22.5b (up 9.4% from 3Q 2024). Net income: ₹2.48b (up 38% from 3Q 2024). Profit margin: 11% (up from 8.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annuncio • Jan 28
Ipca Laboratories Limited to Report Q3, 2025 Results on Feb 13, 2025 Ipca Laboratories Limited announced that they will report Q3, 2025 results on Feb 13, 2025 Price Target Changed • Dec 04
Price target increased by 7.8% to ₹1,564 Up from ₹1,452, the current price target is an average from 19 analysts. New target price is 5.0% above last closing price of ₹1,489. Stock is up 32% over the past year. The company is forecast to post earnings per share of ₹34.84 for next year compared to ₹21.57 last year. Reported Earnings • Nov 18
Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2025 results: EPS: ₹9.62 (up from ₹5.72 in 2Q 2024). Revenue: ₹23.8b (up 17% from 2Q 2024). Net income: ₹2.29b (up 58% from 2Q 2024). Profit margin: 9.6% (up from 7.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Declared Dividend • Nov 16
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 25th November 2024 Payment date: 10th December 2024 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 125% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Oct 24
Ipca Laboratories Limited to Report Q2, 2025 Results on Nov 14, 2024 Ipca Laboratories Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Annuncio • Sep 20
Ipca Laboratories Limited Announces Cessation of Manisha Premnath as Independent Director and Member of the Nomination & Remuneration Committee and Stakeholders Relationship Committee, Effective September 21, 2024 Ipca Laboratories Limited announced that The second term of appointment of Dr. (Ms.) Manisha Premnath as an independent director of the Company is ending on September 20, 2024. Accordingly, she ceases to be an independent director of the Company with effect from September 21, 2024. Consequently, she also ceases to be member of the Nomination & Remuneration Committee and Stakeholders Relationship Committee of the Board with effect from September 21, 2024. Consequent to the above, the revised composition of the Board of Directors of the Company with effect from September 21, 2024 is as follows: Mr. Premchand Godha, Executive Chairman. Mr. A.K. Jain, Managing Director /CFO. Mr. Pranay Godha, Managing Director /CEO. Mr. Prashant Godha, Executive Director. Mr. Kamal Kishore Seth, Independent Director. Dr. Narendra Mairpady, Independent Director. Dr. (Ms.) Swati Patankar, Independent Director. Mr. Vivek Shiralkar, Independent Director. Price Target Changed • Aug 17
Price target increased by 8.6% to ₹1,320 Up from ₹1,216, the current price target is an average from 18 analysts. New target price is approximately in line with last closing price of ₹1,335. Stock is up 52% over the past year. The company is forecast to post earnings per share of ₹35.26 for next year compared to ₹21.57 last year. Annuncio • Aug 14
Ipca Laboratories Limited Approves Appointment of Vivek Shiralkar as an Independent Director Ipca Laboratories Limited announced that at its AGM held on 13 August 2024, the shareholders approved appointment of Mr. Vivek Shiralkar as an independent director of the company for a period of five consecutive years from 29 May 2024 to 28 May 2029. Upcoming Dividend • Jul 30
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 06 August 2024. Payment date: 10 September 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.7%). Annuncio • Jul 24
Ipca Laboratories Limited to Report Q1, 2025 Results on Aug 13, 2024 Ipca Laboratories Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Reported Earnings • Jul 20
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: ₹21.57 (up from ₹18.58 in FY 2023). Revenue: ₹77.1b (up 23% from FY 2023). Net income: ₹5.47b (up 16% from FY 2023). Profit margin: 7.1% (down from 7.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annuncio • Jul 12
Ipca Laboratories Limited, Annual General Meeting, Aug 13, 2024 Ipca Laboratories Limited, Annual General Meeting, Aug 13, 2024, at 15:30 Indian Standard Time. Board Change • Jul 05
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Swati Patankar was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 30
Ipca Laboratories Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024 Ipca Laboratories Limited has recommended a final dividend of INR 21 per share (200%) for the financial year ended March 31, 2024. This dividend is subject to the approval of the shareholders at the upcoming annual general meeting. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹25.82 (vs ₹18.58 in FY 2023) Full year 2024 results: EPS: ₹25.82 (up from ₹18.58 in FY 2023). Revenue: ₹78.3b (up 25% from FY 2023). Net income: ₹5.47b (up 16% from FY 2023). Profit margin: 7.0% (down from 7.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annuncio • May 09
Ipca Laboratories Limited to Report Q4, 2024 Results on May 29, 2024 Ipca Laboratories Limited announced that they will report Q4, 2024 results on May 29, 2024 Price Target Changed • Feb 17
Price target increased by 9.1% to ₹1,097 Up from ₹1,006, the current price target is an average from 18 analysts. New target price is 12% below last closing price of ₹1,241. Stock is up 49% over the past year. The company is forecast to post earnings per share of ₹25.84 for next year compared to ₹18.58 last year. Reported Earnings • Feb 15
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: ₹7.09 (up from ₹4.25 in 3Q 2023). Revenue: ₹20.8b (up 34% from 3Q 2023). Net income: ₹1.80b (up 67% from 3Q 2023). Profit margin: 8.7% (up from 7.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annuncio • Jan 23
Ipca Laboratories Limited to Report Q3, 2024 Results on Feb 14, 2024 Ipca Laboratories Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Recent Insider Transactions • Nov 22
CFO, MD & Executive Director recently sold ₹22m worth of stock On the 17th of November, Ajit Kumar Jain sold around 20k shares on-market at roughly ₹1,082 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ajit Kumar's only on-market trade for the last 12 months. Price Target Changed • Nov 17
Price target increased by 9.7% to ₹987 Up from ₹900, the current price target is an average from 18 analysts. New target price is 8.6% below last closing price of ₹1,079. Stock is up 25% over the past year. The company is forecast to post earnings per share of ₹27.89 for next year compared to ₹18.58 last year. Upcoming Dividend • Nov 15
Upcoming dividend of ₹2.00 per share at 0.2% yield Eligible shareholders must have bought the stock before 22 November 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.8%). Reported Earnings • Nov 11
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: ₹5.72 (up from ₹5.67 in 2Q 2023). Revenue: ₹20.7b (up 30% from 2Q 2023). Net income: ₹1.45b (flat on 2Q 2023). Profit margin: 7.0% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Oct 26
Ipca Laboratories Limited to Report Q2, 2024 Results on Nov 10, 2023 Ipca Laboratories Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Annuncio • Oct 17
Ipca Laboratories Limited Appoints Hitesh Kumar Maheshwari as President R&D (Formulations) Ipca Laboratories Limited announced that Mr. Hitesh Kumar Maheshwari has joined the Company as President R&D (Formulations) with effect from 16 October, 2023. Mr. Hitesh Maheshwari, aged 49 years has completed his B. Pharm from Devi Ahilya Vishwavidyalaya, Indore and M.Pharm from Panjab University, Chandigarh. Mr. Maheshwari brings with him a professional experience of over 24 years. He started his career with Ranbaxy Laboratories in the year 1999 and thereafter worked with Zydus Cadila Healthcare Ltd., Hikma Pharmaceuticals Ltd., Astron Research Ltd. and Macleods Pharmaceuticals Ltd. Prior to joining us, he was associated with Torrent Pharmaceuticals Ltd. as Executive Director and Head R&D (Formulations). He will be responsible for leading all the activities related to the Research & Development (Formulations) Division of the company. Annuncio • Jul 24
Ipca Laboratories Limited to Report Q1, 2024 Results on Aug 10, 2023 Ipca Laboratories Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • Jul 14
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹18.58 (down from ₹34.85 in FY 2022). Revenue: ₹62.5b (up 7.2% from FY 2022). Net income: ₹4.71b (down 47% from FY 2022). Profit margin: 7.5% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Post-clinical trial products Pre-registration: 26 Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annuncio • Jul 06
Ipca Laboratories Limited, Annual General Meeting, Aug 10, 2023 Ipca Laboratories Limited, Annual General Meeting, Aug 10, 2023, at 15:30 Indian Standard Time. Reported Earnings • May 30
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹18.58 (down from ₹34.85 in FY 2022). Revenue: ₹63.7b (up 9.3% from FY 2022). Net income: ₹4.71b (down 47% from FY 2022). Profit margin: 7.4% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Annuncio • May 13
Ipca Laboratories Limited to Report Q4, 2023 Results on May 29, 2023 Ipca Laboratories Limited announced that they will report Q4, 2023 results at 12:08 PM, Indian Standard Time on May 29, 2023 Price Target Changed • Apr 30
Price target decreased by 8.1% to ₹851 Down from ₹925, the current price target is an average from 19 analysts. New target price is 20% above last closing price of ₹710. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₹23.52 for next year compared to ₹34.85 last year. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹701, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Pharmaceuticals industry in India. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹291 per share. Reported Earnings • Feb 15
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: ₹4.25 (down from ₹7.76 in 3Q 2022). Revenue: ₹15.5b (up 8.1% from 3Q 2022). Net income: ₹1.08b (down 45% from 3Q 2022). Profit margin: 7.0% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annuncio • Jan 21
Ipca Laboratories Limited to Report Q3, 2023 Results on Feb 14, 2023 Ipca Laboratories Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Annuncio • Dec 20
Ipca Laboratories Limited (BSE:524494)acquired additional 6.53% stake in Trophic Wellness Pvt. Ltd. for INR 105.8 million. Ipca Laboratories Limited (BSE:524494)acquired additional 6.53% stake in Trophic Wellness Pvt. Ltd. for INR 105.8 million on December 16, 2022. Ipca Laboratories Limited (BSE:524494) now holds 58.88% of the paid-up equity share capital of said company.
Ipca Laboratories Limited (BSE:524494) completed the acquisition of additional 6.53% stake in Trophic Wellness Pvt. Ltd. on December 16, 2022. Major Estimate Revision • Nov 18
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from ₹64.0b to ₹62.9b. EPS estimate also fell from ₹33.10 per share to ₹27.90 per share. Net income forecast to grow 43% next year vs 42% growth forecast for Pharmaceuticals industry in India. Consensus price target down from ₹1,000 to ₹964. Share price was steady at ₹865 over the past week. Upcoming Dividend • Nov 16
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 22 November 2022. Payment date: 07 December 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.9%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Additional Independent Director Narendra Mairpady was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: ₹5.67 (down from ₹9.87 in 2Q 2022). Revenue: ₹16.4b (up 6.0% from 2Q 2022). Net income: ₹1.44b (down 43% from 2Q 2022). Profit margin: 8.8% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 11
Ipca Laboratories Limited Declares Interim Dividend for the Financial Year 2022-23, Payable on December 7, 2022 Ipca Laboratories Limited announced that its Board has declared an interim dividend of INR 4 per share (400%) for the financial year 2022-23. Kindly note that vide company letter dated November 2, 2022, it had already informed that 23rd November, 2022 has been fixed as the Record Date for ascertaining the members entitlement of said interim dividend now declared which will be paid by the company to the eligible shareholders on or before 7th December, 2022. Annuncio • Nov 03
Ipca Laboratories Limited to Report Q2, 2023 Results on Nov 11, 2022 Ipca Laboratories Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Annuncio • Oct 21
Ipca Laboratories Limited Announces Board Meeting Outcome for Appointment Of Dr. Narendra Mairpady (DIN 00536905) As A Director / Independent Director Ipca Laboratories Limited appointed Dr. Narendra Mairpady (DIN 00536905) as an Additional Director of the Company with effect from 20th October, 2022. He is also appointed as an Independent Director of the Company for a period of 5 years from 20th October, 2022 till 19th October, 2027. This appointment is subject to the approval of shareholders. Dr. Narendra Mairpady, aged 68 years, is a Commerce Graduate and also holds a Bachelor of Law Degree from Mysore University. He is also a certified CAIIB from the Institure of Banking. He has also obtained his Doctor Letters from Hindustan University, Chennai and Kalpagam University, Coimbatore. Consequent to the above, the revised composition of the Board of Directors of the Company with effect from 20th October, 2022 will be: Mr. Premchand Godha- Chairman & Managing Director /CEO; Mr. A.K. Jain- Joint Managing Director /CFO; Mr. Pranay Godha- Executive Director; Mr. Prashant Godha Executive Director; Mr. Anand T. Kusre - Independent Director; Dr. (Ms.) Manisha Premnath Independent Director; Mr. Kamal Kishore Seth - Independent Director; Dr. Narendra Mairpady - Independent Director. The Board has also re-constituted its following committees with effect from 20th October, 2022 and the revised Board Committees will now comprise of the following Board Members: Audit Committee; Mr. Anand T. Kusre - Chairman of the Committee /Independent Director; Mr. Kamal Kishore Seth - Independent Director; Dr. Narendra Mairpady - Independent Director; Mr. Prashant Godha - Executive Director; Nomination and Remuneration Committee: Mr. Anand T. Kusre Chairman of the Committee /Independent Director; Mr. Kamal Kishore Seth - Independent Director; Dr. (Ms.) Manisha Premnath - Independent Director; Dr. Narendra Mairpady - Independent Director. Recent Insider Transactions • Sep 21
Insider recently sold ₹1.7m worth of stock On the 15th of September, E. Babu sold around 2k shares on-market at roughly ₹874 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹22m more than they bought in the last 12 months. Major Estimate Revision • Aug 17
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from ₹37.84 to ₹32.15 per share. Revenue forecast steady at ₹64.0b. Net income forecast to grow 24% next year vs 30% growth forecast for Pharmaceuticals industry in India. Consensus price target down from ₹1,063 to ₹1,038. Share price fell 6.7% to ₹926 over the past week. Annuncio • Aug 12
Ipca Laboratories Limited Approves Interim Dividend as Final Dividend for Financial Year Ended 31St March, 2022 Ipca Laboratories Limited at annual general meeting held on 10 August 2022, approved the confirmation of Interim dividend of INR 8/- per equity share as final dividend for the financial year ended 31st March, 2022. Buying Opportunity • Aug 08
Now 20% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be ₹1,265, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Annuncio • Aug 05
Ipca Laboratories Limited Announced Demise of Dev Parkash Yadava, Non-Executive and Independent Director Ipca Laboratories Limited announced demise of Independent Director, Mr. Dev Parkash Yadava on the evening of August 2, 2022, at Mumbai. Mr. Yadava was the Non-Executive and Independent Director of the Company since April 2012. Annuncio • Jul 30
Ipca Laboratories Limited to Report Q1, 2023 Results on Aug 10, 2022 Ipca Laboratories Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 10, 2022 Buying Opportunity • Jul 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.1%. The fair value is estimated to be ₹1,265, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Reported Earnings • Jul 16
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ₹34.85 (down from ₹45.01 in FY 2021). Revenue: ₹58.3b (up 7.6% from FY 2021). Net income: ₹8.84b (down 22% from FY 2021). Profit margin: 15% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Post-clinical trial products Pre-registration: 28 Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 10%, compared to a 12% growth forecast for the pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 08
Ipca Laboratories Limited, Annual General Meeting, Aug 10, 2022 Ipca Laboratories Limited, Annual General Meeting, Aug 10, 2022, at 15:30 Indian Standard Time. Buying Opportunity • Jun 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be ₹1,132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Price Target Changed • May 30
Price target decreased to ₹1,067 Down from ₹1,162, the current price target is an average from 19 analysts. New target price is 18% above last closing price of ₹901. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₹37.13 for next year compared to ₹34.85 last year. Reported Earnings • May 26
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ₹34.85 (down from ₹45.01 in FY 2021). Revenue: ₹58.3b (up 7.5% from FY 2021). Net income: ₹8.84b (down 22% from FY 2021). Profit margin: 15% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 8.8%, compared to a 13% growth forecast for the pharmaceuticals industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Kamal Seth was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 23
CFO, Joint MD & Executive Director recently sold ₹21m worth of stock On the 17th of March, Ajit Kumar Jain sold around 20k shares on-market at roughly ₹1,027 per share. This was the largest sale by an insider in the last 3 months. Ajit Kumar has been a seller over the last 12 months, reducing personal holdings by ₹45m. Major Estimate Revision • Feb 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₹45.80 to ₹37.92 per share. Revenue forecast steady at ₹58.7b. Net income forecast to grow 22% next year vs 23% growth forecast for Pharmaceuticals industry in India. Consensus price target down from ₹1,280 to ₹1,177. Share price was steady at ₹963 over the past week. Price Target Changed • Feb 18
Price target decreased to ₹1,177 Down from ₹1,280, the current price target is an average from 18 analysts. New target price is 22% above last closing price of ₹966. Stock is up 4.5% over the past year. The company is forecast to post earnings per share of ₹37.92 for next year compared to ₹45.01 last year. Reported Earnings • Feb 15
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹7.76 (down from ₹10.55 in 3Q 2021). Revenue: ₹14.4b (up 2.4% from 3Q 2021). Net income: ₹1.97b (down 26% from 3Q 2021). Profit margin: 14% (down from 19% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 60%. Over the next year, revenue is forecast to grow 14%, compared to a 13% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 10
Ipca Laboratories Limited to Report Q3, 2022 Results on Feb 14, 2022 Ipca Laboratories Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Annuncio • Nov 24
Ipca Laboratories Limited (BSE:524494) made an offer to acquire additional 26% stake in Lyka Labs Limited (BSE:500259) from Mayank J Shah, Shruti M Shah, Prasham M Shah and others for approximately INR 970 million. Ipca Laboratories Limited (BSE:524494) made an offer to acquire additional 26% stake in Lyka Labs Limited (BSE:500259) from Mayank J Shah, Shruti M Shah, Prasham M Shah and others for approximately INR 970 million on November 24, 2021. Under the terms of the consideration, the offer will be settled for a payment of INR 130.5 per share acquired. In a related transaction, Ipca is acquiring 4.8 million shares in Lyka in an open market transaction. The transaction was approved by Ipca board of directors. Satish Kumar of Arihant Capital Markets Limited acted as manager to the offer. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 85% share price gain to ₹2,030, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 22x in the Pharmaceuticals industry in India. Total returns to shareholders of 424% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹19.73 (vs ₹21.08 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹15.6b (up 15% from 2Q 2021). Net income: ₹2.50b (down 6.3% from 2Q 2021). Profit margin: 16% (down from 20% in 2Q 2021). The decrease in margin was driven by higher expenses. Price Target Changed • Aug 25
Price target increased to ₹2,442 Up from ₹2,276, the current price target is an average from 17 analysts. New target price is approximately in line with last closing price of ₹2,482. Stock is up 24% over the past year. Recent Insider Transactions • Aug 14
Insider recently sold ₹3.8m worth of stock On the 12th of August, Anil Pareek sold around 2k shares on-market at roughly ₹2,383 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹79m more than they bought in the last 12 months. Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS ₹24.18 (vs ₹28.18 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: ₹15.9b (up 9.6% from 1Q 2021). Net income: ₹3.07b (down 14% from 1Q 2021). Profit margin: 19% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Annuncio • Jun 12
Ipca Laboratories Limited (BSE:524494) acquired 13.09% stake in Trophic Wellness Pvt. Ltd. INR 210 million. Ipca Laboratories Limited (BSE:524494) acquired 13.09% stake in Trophic Wellness Pvt. Ltd. INR 210 million on June 11, 2021. With this transaction, Ipca Laboratories Limited increased its stake to 52.35%. Trophic Wellness will now operates as a subsidiary of Ipca Laboratories. Trophic Wellness generated a total income of INR 1,028.2 million, EBIDTA of INR 32.91 million and Net income of INR 21.76 million for the financial year ended March 31, 2021.
Ipca Laboratories Limited (BSE:524494) completed the acquisition of 13.09% stake in Trophic Wellness Pvt. Ltd. on June 11, 2021. Reported Earnings • May 29
Full year 2021 earnings released: EPS ₹90.11 (vs ₹47.99 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹54.8b (up 18% from FY 2020). Net income: ₹11.4b (up 88% from FY 2020). Profit margin: 21% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year and the company’s share price has also increased by 44% per year. Recent Insider Transactions • Apr 04
Insider recently bought ₹1.9m worth of stock On the 26th of March, Goutam Muhuri bought around 1k shares on-market at roughly ₹1,887 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹75m more in shares than they bought in the last 12 months. Recent Insider Transactions • Feb 28
Compliance Officer recently sold ₹13m worth of stock On the 23rd of February, Harish Kamath sold around 7k shares on-market at roughly ₹1,819 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹77m more than they bought in the last 12 months. Is New 90 Day High Low • Feb 20
New 90-day low: ₹1,847 The company is down 14% from its price of ₹2,143 on 21 November 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,043 per share. Reported Earnings • Feb 05
Third quarter 2021 earnings released: EPS ₹21.09 (vs ₹15.63 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹14.1b (up 16% from 3Q 2020). Net income: ₹2.65b (up 34% from 3Q 2020). Profit margin: 19% (up from 16% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year and the company’s share price has also increased by 46% per year. Analyst Estimate Surprise Post Earnings • Feb 05
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 12%, compared to a 12% growth forecast for the Pharmaceuticals industry in India. Is New 90 Day High Low • Jan 25
New 90-day low: ₹1,981 The company is down 17% from its price of ₹2,376 on 27 October 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,038 per share. Annuncio • Jan 19
Ipca Laboratories Limited to Report Q3, 2021 Results on Feb 04, 2021 Ipca Laboratories Limited announced that they will report Q3, 2021 results on Feb 04, 2021 Recent Insider Transactions • Dec 16
President of R&D - Chemicals recently sold ₹2.2m worth of stock On the 11th of December, Ashok Kumar sold around 1k shares on-market at roughly ₹2,250 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹5.6m. Insiders have been net sellers, collectively disposing of ₹64m more than they bought in the last 12 months. Recent Insider Transactions • Nov 27
President of R&D - Chemicals recently sold ₹1.1m worth of stock On the 23rd of November, Ashok Kumar sold around 500 shares on-market at roughly ₹2,200 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹9.1m. Insiders have been net sellers, collectively disposing of ₹62m more than they bought in the last 12 months. Reported Earnings • Nov 09
Second quarter 2021 earnings released: EPS ₹21.08 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹13.8b (up 7.2% from 2Q 2020). Net income: ₹2.67b (up 38% from 2Q 2020). Profit margin: 19% (up from 15% in 2Q 2020). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Nov 09
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 12%, compared to a 12% growth forecast for the Pharmaceuticals industry in India. Annuncio • Oct 28
Ipca Laboratories Limited to Report Q2, 2021 Results on Nov 07, 2020 Ipca Laboratories Limited announced that they will report Q2, 2021 results on Nov 07, 2020 Is New 90 Day High Low • Oct 27
New 90-day high: ₹2,376 The company is up 34% from its price of ₹1,776 on 29 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹848 per share. Recent Insider Transactions • Oct 02
President of Global Business recently sold ₹5.6m worth of stock On the 29th of September, E. Babu sold around 3k shares on-market at roughly ₹2,060 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹25m. Insiders have been net sellers, collectively disposing of ₹63m more than they bought in the last 12 months.