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Indoco Remedies LimitedNSEI:INDOCO Stock Report

Market Cap ₹18.4b
Share Price
₹195.74
₹380
48.5% undervalued intrinsic discount
1Y-19.1%
7D-9.1%
1D
Portfolio Value
View

Indoco Remedies Limited

NSEI:INDOCO Stock Report

Market Cap: ₹18.4b

Indoco Remedies (INDOCO) Stock Overview

Manufactures and markets formulations and active pharmaceutical ingredients in India and internationally. More details

INDOCO fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

INDOCO Community Fair Values

Create Narrative

See what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.

Indoco Remedies Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Indoco Remedies
Historical stock prices
Current Share Price₹195.74
52 Week High₹349.80
52 Week Low₹162.19
Beta0.62
1 Month Change-5.14%
3 Month Change-3.63%
1 Year Change-19.11%
3 Year Change-41.79%
5 Year Change-50.21%
Change since IPO272.37%

Recent News & Updates

Analysis Article May 10

The Indoco Remedies Limited (NSE:INDOCO) Annual Results Are Out And Analysts Have Published New Forecasts

Investors in Indoco Remedies Limited ( NSE:INDOCO ) had a good week, as its shares rose 8.8% to close at ₹228 following...
Narrative Update May 09

INDOCO: Ophthalmic Business Transfer And ANDA Approval Will Shape Balanced Outlook

Analysts have raised their price target on Indoco Remedies from ₹207 to ₹250, citing revised assumptions for the discount rate, revenue growth, profit margin, and future P/E ratio that together suggest a higher estimated fair value for the stock. What's in the News A board meeting is scheduled for April 30, 2026, to consider transferring Indoco Remedies' ophthalmic business in India and agreed territories in Africa to Sunways (India) Private Limited, on terms set out in a business transfer agreement (Key Developments).

Recent updates

Analysis Article May 10

The Indoco Remedies Limited (NSE:INDOCO) Annual Results Are Out And Analysts Have Published New Forecasts

Investors in Indoco Remedies Limited ( NSE:INDOCO ) had a good week, as its shares rose 8.8% to close at ₹228 following...
Narrative Update May 09

INDOCO: Ophthalmic Business Transfer And ANDA Approval Will Shape Balanced Outlook

Analysts have raised their price target on Indoco Remedies from ₹207 to ₹250, citing revised assumptions for the discount rate, revenue growth, profit margin, and future P/E ratio that together suggest a higher estimated fair value for the stock. What's in the News A board meeting is scheduled for April 30, 2026, to consider transferring Indoco Remedies' ophthalmic business in India and agreed territories in Africa to Sunways (India) Private Limited, on terms set out in a business transfer agreement (Key Developments).
Analysis Article Sep 05

Here's Why Shareholders Should Examine Indoco Remedies Limited's (NSE:INDOCO) CEO Compensation Package More Closely

Key Insights Indoco Remedies will host its Annual General Meeting on 11th of September Total pay for CEO Sundeep...
Analysis Article Jul 27

Earnings Update: Here's Why Analysts Just Lifted Their Indoco Remedies Limited (NSE:INDOCO) Price Target To ₹259

Indoco Remedies Limited ( NSE:INDOCO ) last week reported its latest quarterly results, which makes it a good time for...
Analysis Article Jul 01

Indoco Remedies Limited (NSE:INDOCO) Soars 27% But It's A Story Of Risk Vs Reward

The Indoco Remedies Limited ( NSE:INDOCO ) share price has done very well over the last month, posting an excellent...
Analysis Article Jan 29

Revenues Working Against Indoco Remedies Limited's (NSE:INDOCO) Share Price Following 25% Dive

Indoco Remedies Limited ( NSE:INDOCO ) shares have had a horrible month, losing 25% after a relatively good period...
User avatar
New Narrative Jan 26

Plant Remediation And Clarity Pharma Partnership Will Support Future Market Expansion

Resolving manufacturing plant issues is critical for increasing U.S. market supply, boosting revenue, and minimizing compliance risks.
Analysis Article Jan 24

₹294: That's What Analysts Think Indoco Remedies Limited (NSE:INDOCO) Is Worth After Its Latest Results

There's been a notable change in appetite for Indoco Remedies Limited ( NSE:INDOCO ) shares in the week since its...
Analysis Article Oct 27

Indoco Remedies Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

It's been a mediocre week for Indoco Remedies Limited ( NSE:INDOCO ) shareholders, with the stock dropping 11% to ₹304...
Analysis Article May 24

Earnings Troubles May Signal Larger Issues for Indoco Remedies (NSE:INDOCO) Shareholders

A lackluster earnings announcement from Indoco Remedies Limited ( NSE:INDOCO ) last week didn't sink the stock price...
Analysis Article Jan 26

Earnings Miss: Indoco Remedies Limited Missed EPS By 56% And Analysts Are Revising Their Forecasts

It's shaping up to be a tough period for Indoco Remedies Limited ( NSE:INDOCO ), which a week ago released some...
Analysis Article Jan 26

Does Indoco Remedies (NSE:INDOCO) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article Sep 16

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Indoco Remedies Limited's (NSE:INDOCO) CEO For Now

Performance at Indoco Remedies Limited ( NSE:INDOCO ) has been reasonably good and CEO Sundeep Bambolkar has done a...
Analysis Article May 21

Here's Why Indoco Remedies (NSE:INDOCO) Can Manage Its Debt Responsibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Aug 31

Indoco Remedies (NSE:INDOCO) Has Announced That It Will Be Increasing Its Dividend To ₹1.50

Indoco Remedies Limited ( NSE:INDOCO ) has announced that it will be increasing its dividend on the 23rd of October to...
Analysis Article Jul 04

Indoco Remedies (NSE:INDOCO) Has Announced That It Will Be Increasing Its Dividend To ₹1.50

Indoco Remedies Limited ( NSE:INDOCO ) has announced that it will be increasing its dividend on the 23rd of October to...
Analysis Article Jul 02

Does Indoco Remedies (NSE:INDOCO) Deserve A Spot On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Analysis Article Jun 10

Indoco Remedies (NSE:INDOCO) Seems To Use Debt Quite Sensibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Mar 25

Does Indoco Remedies (NSE:INDOCO) Deserve A Spot On Your Watchlist?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Analysis Article Mar 09

Indoco Remedies Limited's (NSE:INDOCO) Intrinsic Value Is Potentially 21% Below Its Share Price

How far off is Indoco Remedies Limited ( NSE:INDOCO ) from its intrinsic value? Using the most recent financial data...

Shareholder Returns

INDOCOIN PharmaceuticalsIN Market
7D-9.1%-0.07%0.5%
1Y-19.1%10.3%-0.5%

Return vs Industry: INDOCO underperformed the Indian Pharmaceuticals industry which returned 10.3% over the past year.

Return vs Market: INDOCO underperformed the Indian Market which returned -0.5% over the past year.

Price Volatility

Is INDOCO's price volatile compared to industry and market?
INDOCO volatility
INDOCO Average Weekly Movement8.0%
Pharmaceuticals Industry Average Movement6.7%
Market Average Movement7.2%
10% most volatile stocks in IN Market10.1%
10% least volatile stocks in IN Market4.8%

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

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

About the Company

FoundedEmployeesCEOWebsite
19456,000Sundeep Bambolkarwww.indoco.com

Indoco Remedies Limited manufactures and markets formulations and active pharmaceutical ingredients in India and internationally. It offers products for gastrointestinal, anti-infectives, respiratory, stomatological, vitamins/minerals/nutrients, urological, ophthal/ontological, dermatology, pain/analgesic, cardiac, anti-diabetic, and gynaecological therapeutic areas. The company also provides branded generics comprising analgesic tablets and topical preparations; anti-hypertensive; protein supplements; multivitamin tablets and syrups; antibiotic tablets, syrups, and injectables; oral rehydration powders; antacids; and antihistaminic, anti-inflammatory drugs, etc. In addition, it provides analytical services, such as impurity profile, particle size analysis, polymorphism and compatibility studies, heavy metal analysis, extractables and leachables studies, lyophilization studies, reference and working standards, forced degradation studies, and chromatographic method development and validation services.

Indoco Remedies Limited Fundamentals Summary

How do Indoco Remedies's earnings and revenue compare to its market cap?
INDOCO fundamental statistics
Market cap₹18.38b
Earnings (TTM)-₹951.50m
Revenue (TTM)₹18.45b
1.0x
P/S Ratio
-19.0x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
INDOCO income statement (TTM)
Revenue₹18.45b
Cost of Revenue₹5.42b
Gross Profit₹13.04b
Other Expenses₹13.99b
Earnings-₹951.50m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-10.31
Gross Margin70.64%
Net Profit Margin-5.16%
Debt/Equity Ratio111.1%

How did INDOCO perform over the long term?

See historical performance and comparison

Dividends

0.1%
Current Dividend Yield
-2%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 12:18
End of Day Share Price 2026/05/25 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

Indoco Remedies Limited is covered by 11 analysts. 4 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
Sriraam RathiAnand Rathi Shares and Stock Brokers Limited
Srivathsan RamachandranAvendus Spark