Hikal Future Growth

Future criteria checks 4/6

Hikal is forecast to grow earnings and revenue by 49.2% and 13.2% per annum respectively while EPS is expected to grow by 49.3% per annum.

Key information

49.2%

Earnings growth rate

49.3%

EPS growth rate

Pharmaceuticals earnings growth	17.9%
Revenue growth rate	13.2%
Future return on equity	n/a
Analyst coverage	Low
Last updated	13 Nov 2024

Recent future growth updates

Hikal Limited (NSE:HIKAL) Analysts Are Pretty Bullish On The Stock After Recent Results

Nov 15

Recent updates

Hikal Limited (NSE:HIKAL) Analysts Are Pretty Bullish On The Stock After Recent Results

Nov 15

Earnings Tell The Story For Hikal Limited (NSE:HIKAL) As Its Stock Soars 27%

Sep 13

We Think Hikal Limited's (NSE:HIKAL) CEO Compensation Package Needs To Be Put Under A Microscope

Sep 11

Increases to CEO Compensation Might Be Put On Hold For Now at Hikal Limited (NSE:HIKAL)

Sep 16

Calculating The Fair Value Of Hikal Limited (NSE:HIKAL)

Mar 18

Hikal (NSE:HIKAL) Is Increasing Its Dividend To ₹1.20

Feb 16

Is Hikal (NSE:HIKAL) Using Too Much Debt?

Jan 13

With EPS Growth And More, Hikal (NSE:HIKAL) Is Interesting

Jun 01

We Think Hikal (NSE:HIKAL) Can Stay On Top Of Its Debt

May 17

An Intrinsic Calculation For Hikal Limited (NSE:HIKAL) Suggests It's 25% Undervalued

Mar 23

Does Hikal Limited (NSE:HIKAL) Have A Place In Your Dividend Portfolio?

Mar 10

If You Like EPS Growth Then Check Out Hikal (NSE:HIKAL) Before It's Too Late

Feb 23

Be Sure To Check Out Hikal Limited (NSE:HIKAL) Before It Goes Ex-Dividend

Feb 10

Earnings and Revenue Growth Forecasts

NSEI:HIKAL - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	22,150	1,440	N/A	2,751	2
3/31/2025	19,531	821	N/A	3,721	1
9/30/2024	18,214	736	1,054	2,526	N/A
6/30/2024	18,034	678	N/A	N/A	N/A
3/31/2024	17,846	696	-175	1,867	N/A
12/31/2023	18,158	716	N/A	N/A	N/A
9/30/2023	19,084	819	684	3,396	N/A
6/30/2023	20,323	942	N/A	N/A	N/A
3/31/2023	20,230	784	127	3,153	N/A
12/31/2022	19,801	631	N/A	N/A	N/A
9/30/2022	19,544	819	-891	1,935	N/A
6/30/2022	18,647	1,011	N/A	N/A	N/A
3/31/2022	19,427	1,605	204	2,937	N/A
12/31/2021	19,728	1,907	N/A	N/A	N/A
9/30/2021	19,216	1,858	1,103	3,413	N/A
6/30/2021	18,245	1,687	N/A	N/A	N/A
3/31/2021	17,204	1,331	714	2,290	N/A
12/31/2020	15,670	1,067	N/A	N/A	N/A
9/30/2020	15,077	948	1,051	2,304	N/A
6/30/2020	14,569	742	N/A	N/A	N/A
3/31/2020	15,073	844	1,269	2,849	N/A
12/31/2019	15,858	933	N/A	N/A	N/A
9/30/2019	15,934	943	446	2,203	N/A
6/30/2019	16,672	1,124	N/A	N/A	N/A
3/31/2019	15,896	1,031	572	1,856	N/A
3/31/2018	12,961	772	N/A	1,388	N/A
3/31/2017	10,139	677	N/A	1,635	N/A
3/31/2016	9,245	412	N/A	1,856	N/A
3/31/2015	8,705	404	N/A	1,022	N/A
3/31/2014	8,279	639	N/A	1,544	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HIKAL's forecast earnings growth (49.2% per year) is above the savings rate (6.7%).

Earnings vs Market: HIKAL's earnings (49.2% per year) are forecast to grow faster than the Indian market (18.1% per year).

High Growth Earnings: HIKAL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HIKAL's revenue (13.2% per year) is forecast to grow faster than the Indian market (10.6% per year).

High Growth Revenue: HIKAL's revenue (13.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if HIKAL's Return on Equity is forecast to be high in 3 years time

Hikal Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Hikal Limited (NSE:HIKAL) Analysts Are Pretty Bullish On The Stock After Recent Results

Price target increased by 14% to ₹398

Price target increased by 9.0% to ₹350

Price target increased by 10.0% to ₹353

Hikal Limited Receives Communication from the Gujarat Pollution Control Board

Price target increased to ₹350

Recent updates

Hikal Limited (NSE:HIKAL) Analysts Are Pretty Bullish On The Stock After Recent Results

Second quarter 2025 earnings released: EPS: ₹1.48 (vs ₹1.02 in 2Q 2024)

Hikal Limited to Report Q2, 2025 Results on Nov 12, 2024

Hikal Limited Approves Interim Dividend and Declares Final Dividend for the Financial Year 2023-24

Earnings Tell The Story For Hikal Limited (NSE:HIKAL) As Its Stock Soars 27%

We Think Hikal Limited's (NSE:HIKAL) CEO Compensation Package Needs To Be Put Under A Microscope

Upcoming dividend of ₹0.60 per share

Hikal Limited, Annual General Meeting, Sep 17, 2024

Hikal Limited, Annual General Meeting, Sep 17, 2024

Hikal Limited Announces Management Changes

Price target increased by 14% to ₹398

First quarter 2025 earnings released: EPS: ₹0.41 (vs ₹0.56 in 1Q 2024)

Hikal Limited to Report Q1, 2025 Results on Aug 01, 2024

Hikal Limited's (NSE:HIKAL) Popularity With Investors Is Clear

Hikal Limited Approves Board Changes

New major risk - Revenue and earnings growth

Full year 2024 earnings released: EPS: ₹5.64 (vs ₹6.36 in FY 2023)

Hikal Limited Recommends Finally Dividend for the Financial Year 2023-2024

Hikal Limited to Report Q4, 2024 Results on May 09, 2024

Hikal Limited (BSE:524735) agreed to acquire 5.73% stake in FPEL Ujwal Private Limited for INR 41.2 million.

Investor sentiment improves as stock rises 16%

Less than half of directors are independent

Hikal Limited Announces Appointment of Dharmesh Panchal as the Chief Technology Officer

Upcoming dividend of ₹0.60 per share at 0.4% yield

Dividend of ₹0.60 announced

Third quarter 2024 earnings released: EPS: ₹1.31 (vs ₹2.14 in 3Q 2023)

Hikal Limited Declares Interim Dividend for the Financial Year 2023-2024, Payable on or Before March 9, 2024

Hikal Limited Announces Resignation of B. N. Kalyani as Director

Price target increased by 9.0% to ₹350

Second quarter 2024 earnings released: EPS: ₹1.02 (vs ₹2.01 in 2Q 2023)

Hikal Limited (BSE:524735) agreed to acquire 26% stake in Fpel Ujwal Private Limited for INR 41.2 million.

Price target increased by 10.0% to ₹353

Insufficient new directors

Hikal Limited Approves the Appointment of Berjis M Desai and V. Ramachandra Kaundinya as an Independent Director

Hikal Limited to Report Q2, 2024 Results on Nov 14, 2023

Hikal Limited, Annual General Meeting, Sep 26, 2023

Hikal Limited to Report Q1, 2024 Results on Aug 08, 2023

Hikal Limited Receives Communication from the Gujarat Pollution Control Board

A Look At The Fair Value Of Hikal Limited (NSE:HIKAL)

Hikal Limited Announces Recommendation of Final Dividend for the Financial Year 2022-23

Is Hikal (NSE:HIKAL) Using Too Much Debt?

Now 20% undervalued after recent price drop

Upcoming dividend of ₹0.60 per share at 0.5% yield

Hikal (NSE:HIKAL) Is Reducing Its Dividend To ₹0.60

Third quarter 2023 earnings released: EPS: ₹2.14 (vs ₹3.67 in 3Q 2022)

Hikal Limited Declares Interim Dividend for the Fiscal Year 2023, Payable on or Before March 3, 2023

Price target increased to ₹350

Investor sentiment improved over the past week

Founder & Executive Chairman recently bought ₹19m worth of stock

Hikal Limited (BSE:524735) acquired 26% stake in Radiance MH Sunrise Two Private Limited and Radiance MH Sunrise Four Private Limited for INR 46.2 million.

Investor sentiment improved over the past week

A Look At The Fair Value Of Hikal Limited (NSE:HIKAL)

Insufficient new directors

Second quarter 2023 earnings released: EPS: ₹2.01 (vs ₹3.57 in 2Q 2022)

Hikal Limited Approves Final Dividend for the Financial Year 2021-2022

Increases to CEO Compensation Might Be Put On Hold For Now at Hikal Limited (NSE:HIKAL)

Upcoming dividend of ₹0.40 per share

Insufficient new directors

Hikal Limited to Report Q3, 2023 Results on Feb 14, 2023

Investor sentiment improved over the past week

First quarter 2023 earnings released: ₹0.72 loss per share (vs ₹4.10 profit in 1Q 2022)

Hikal Limited to Report Q1, 2023 Results on Aug 10, 2022

Price target decreased to ₹416

Less than half of directors are independent

Hikal Limited Recommends Final Dividend

Hikal Limited to Report Q4, 2022 Results on May 28, 2022

Hikal Limited Announces Closure of Manufacturing Unit Located at MIDC Taloja, Dist. Raigad, Within 15 Days

Calculating The Fair Value Of Hikal Limited (NSE:HIKAL)

Hikal (NSE:HIKAL) Is Increasing Its Dividend To ₹1.20