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Hikal LimitedBSE:524735 Stock Report

Market Cap ₹22.4b
Share Price
₹181.40
₹320
43.3% undervalued intrinsic discount
1Y-51.8%
7D-5.5%
1D
Portfolio Value
View

Hikal Limited

BSE:524735 Stock Report

Market Cap: ₹22.4b

Hikal (524735) Stock Overview

Manufactures and sells various chemical intermediates, specialty chemicals, and active pharma ingredients to pharmaceutical, biotechnology, life sciences, animal health, crop protection, and specialty chemicals indusries. More details

524735 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends2/6

524735 Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Hikal Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hikal
Historical stock prices
Current Share Price₹181.40
52 Week High₹386.00
52 Week Low₹145.95
Beta0.57
1 Month Change-13.99%
3 Month Change1.11%
1 Year Change-51.81%
3 Year Change-42.59%
5 Year Change-62.07%
Change since IPO17,645.71%

Recent News & Updates

Narrative Update Jun 04

524735: Board Actions And Dividend Decision Will Support Future Upside Potential

Analysts have kept Hikal's fair value unchanged at ₹320.0 while adjusting underlying assumptions, including a slightly higher discount rate, revised revenue growth and profit margin inputs, and a lower future P/E, which together shape the refreshed price target narrative. What's in the News A board meeting is scheduled for May 27, 2026, at 11:00 IST to review and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
Narrative Update Apr 26

524735: Interim Dividend And Stable Assumptions Will Support Future Upside Potential

Analysts have kept their fair value estimate for Hikal steady at ₹320, reflecting unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News A board meeting is scheduled on February 11, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, and to consider an interim dividend on equity shares for FY 2025-26 (company filing).
Narrative Update Apr 12

524735: Interim Dividend And Steady Assumptions Will Support Bullish Upside Potential

Analysts have maintained their fair value estimate for Hikal at ₹320, citing essentially unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E. This keeps their overall price target view steady.

Recent updates

Narrative Update Jun 04

524735: Board Actions And Dividend Decision Will Support Future Upside Potential

Analysts have kept Hikal's fair value unchanged at ₹320.0 while adjusting underlying assumptions, including a slightly higher discount rate, revised revenue growth and profit margin inputs, and a lower future P/E, which together shape the refreshed price target narrative. What's in the News A board meeting is scheduled for May 27, 2026, at 11:00 IST to review and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
Narrative Update Apr 26

524735: Interim Dividend And Stable Assumptions Will Support Future Upside Potential

Analysts have kept their fair value estimate for Hikal steady at ₹320, reflecting unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News A board meeting is scheduled on February 11, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, and to consider an interim dividend on equity shares for FY 2025-26 (company filing).
Narrative Update Apr 12

524735: Interim Dividend And Steady Assumptions Will Support Bullish Upside Potential

Analysts have maintained their fair value estimate for Hikal at ₹320, citing essentially unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E. This keeps their overall price target view steady.
Narrative Update Mar 28

524735: Interim Dividend And Stable Assumptions Will Support Bullish Upside Potential

Analysts have kept their fair value estimate for Hikal broadly unchanged at around ₹320, reflecting largely steady assumptions on discount rate, revenue growth, profit margin and future P/E, and signaling no meaningful shift in their overall view of the stock. What's in the News A board meeting is scheduled on February 11, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
Narrative Update Mar 13

524735: Interim Dividend And Stable Outlook Will Support Bullish Upside Potential

Analysts have kept their fair value estimate for Hikal steady at ₹320. This points to largely unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E multiple in their latest price target update.
Narrative Update Feb 26

524735: Interim Dividend And Upcoming Results Will Support Bullish Upside Potential

Analysts have kept their price target on Hikal unchanged at ₹320, reflecting broadly steady views on revenue growth, margins and fair value, with only a small adjustment to the assumed future P/E multiple. What's in the News The Board will meet on February 11, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, and to consider an interim dividend for FY 2025-26 (company filing).
Narrative Update Feb 12

524735: Upcoming Results And Interim Dividend Decision Will Support Future Upside

Analysts have lifted their price target on Hikal to ₹320, reflecting updated assumptions around a lower discount rate, faster revenue growth, a slimmer profit margin, and a higher future P/E multiple. What's in the News Board meeting scheduled on Feb 11, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (Key Developments).
Narrative Update Jan 05

524735: Stable Margins And Upcoming Results Will Support Future Dividend Upside

Analysts have kept their fair value estimate for Hikal steady at ₹320.0 per share. This reflects unchanged views on growth, margins, discount rate, and future P/E assumptions used in their price target work.
Narrative Update Dec 15

524735: Profitability Will Improve As Stable Margins Support Future Dividend Upside

Analysts have modestly reiterated their outlook on Hikal, keeping the average 12 month price target broadly stable around ₹320 per share, as unchanged growth, margin, and valuation assumptions continue to support a steady fair value profile. What's in the News Board meeting scheduled for November 13, 2025, to review and approve standalone and consolidated unaudited financial results for Q2 and H1 FY2025 (company filing) Shareholders at the 37th AGM on September 23, 2025, approved a final dividend of INR 0.80 per equity share of INR 2, taking the total FY2024-25 dividend to INR 1.40 per share (AGM resolution) Valuation Changes Fair Value: Unchanged at approximately ₹320 per share, indicating a stable assessment of intrinsic value.
Narrative Update Nov 30

524735: Profitability Will Improve As Margins Recover And Regulatory Risks Fade

Analysts have raised their price target for Hikal to ₹320.00, citing improved forecasts for revenue growth and profit margin in addition to a stronger outlook for future profitability. What's in the News A board meeting is scheduled for November 13, 2025, to approve unaudited financial results for the second quarter and half year ended September 30, 2025 (Key Developments).
Narrative Update Nov 15

524735: Future Margins Will Recover Following Regulatory Facility Improvements

Narrative Update: Hikal Analyst Price Target Adjustment Analysts have decreased their fair value estimate for Hikal from ₹390 to ₹320 due to revised expectations for revenue decline and lower profit margins. What's in the News The United States FDA issued a warning letter to Hikal's drug manufacturing facility in Karnataka following an inspection in February 2025.
Narrative Update Sep 05

Global Supply Chain Diversification Will Unlock Indian CRAMS Potential

As both net profit margin and consensus revenue growth forecasts for Hikal remained stable, analysts have maintained their fair value estimate with the price target unchanged at ₹390.00. What's in the News Hikal's Board of Directors will meet to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2025.
User avatar
New Narrative Feb 09

New Panoli Facility And Global Expansions Will Strengthen Operations Over Next 2-3 Years

Strategic focus on operating leverage and product mix is set to improve net margins and revenue diversification.

Shareholder Returns

524735IN PharmaceuticalsIN Market
7D-5.5%1.2%-0.7%
1Y-51.8%6.7%-4.3%

Return vs Industry: 524735 underperformed the Indian Pharmaceuticals industry which returned 6.5% over the past year.

Return vs Market: 524735 underperformed the Indian Market which returned -5.1% over the past year.

Price Volatility

Is 524735's price volatile compared to industry and market?
524735 volatility
524735 Average Weekly Movement7.7%
Pharmaceuticals Industry Average Movement7.1%
Market Average Movement7.2%
10% most volatile stocks in IN Market10.2%
10% least volatile stocks in IN Market4.7%

Stable Share Price: 524735 has not had significant price volatility in the past 3 months compared to the Indian market.

Volatility Over Time: 524735's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19882,062Sameer Hiremathwww.hikal.com

Hikal Limited, together with its subsidiaries, manufactures and sells various chemical intermediates, specialty chemicals, and active pharma ingredients to pharmaceutical, biotechnology, life sciences, animal health, crop protection, and specialty chemicals indusries. It operates through two segments, Pharmaceuticals and Crop Protection. The company also manufactures pesticides and herbicides, which include diuron tech, temephos tech, thiacloprid tech, clothianidin tech, dichloroaniline, N-bromosuccinimide, prothioconazole technical, trifloxystrobin technical, and BIT.

Hikal Limited Fundamentals Summary

How do Hikal's earnings and revenue compare to its market cap?
524735 fundamental statistics
Market cap₹22.37b
Earnings (TTM)-₹488.00m
Revenue (TTM)₹17.13b
1.3x
P/S Ratio
-45.8x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
524735 income statement (TTM)
Revenue₹17.13b
Cost of Revenue₹7.62b
Gross Profit₹9.51b
Other Expenses₹10.00b
Earnings-₹488.00m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-3.96
Gross Margin55.52%
Net Profit Margin-2.85%
Debt/Equity Ratio56.8%

How did 524735 perform over the long term?

See historical performance and comparison

Dividends

0.3%
Current Dividend Yield
-15%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 07:28
End of Day Share Price 2026/06/09 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hikal Limited is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rohit Bhat360 ONE Capital Market Private Limited
Kameswari V. S. ChavaliFirstCall Research