Indoco Remedies Limited

Web: indoco.com NSE: INDOCO BSE: 532612 SECTOR: Healthcare - Pharmaceuticals & Biotechnology | Add Note | View Notes

263 10(-4%)

Volume

1L as on 23, Jun

Open

334

High

342

Low

326

273

VWAP

238

52 Week High

332

52 Week Low

162

Viand Research Rating

Quality Score

43/100

Growth Score

14/100

Valuation Score

50/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

2,425

No. of Shares

9.23

P/E

34.06

P/B

2.55

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

7.47

ROCE

Profit Growth

Listing Date

14-Jan-05

Promoter Holding

58.86%

FII Holding

1.27%

DII Holding

17.68%

Price Chart

Price Performance

1 Week2%

1 Month19%

3 Months29%

6 Months20%

1 Year20%

YTD20%

Moving Average

5 Day SMA234

10 Day SMA234

20 Day SMA220

30 Day SMA218

50 Day SMA217

61 Day SMA212

80 Day SMA0

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	248	238	245	247
Resistance 2	245	238	242	244
Resistance 1	241	237	240	240
Pivot Point	238	236	238	238
Support 1	234	236	235	233
Support 2	231	235	233	230
Support 3	227	234	231	226

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	SUNPHARMA	4,56,655	1899	0%	2%	9%	21%	37	57.7	0.07	11509
2	DIVISLAB	2,43,196	9161	2%	8%	44%	51%	69	57.7	0	2568
3	TORNTPHARM	1,84,303	4846	2%	3%	12%	36%	72	57.7	1.79	2138
4	APOLLOHOSP	1,24,834	8650	1%	1%	12%	10%	58	57.7	0.9	2003
5	ZYDUSLIFE	1,12,897	1132	4%	2%	26%	13%	20	57.7	0.46	5124
6	CIPLA	1,11,346	1385	2%	5%	3%	12%	22	57.7	0.02	3862
7	LAURUSLABS	99,634	1844	3%	3%	75%	114%	0	57.7	0.48	890
8	DRREDDY	96,962	1151	2%	2%	11%	8%	20	57.7	0.2	4158
9	MAXHEALTH	96,646	985	1%	10%	8%	14%	0	57.7	0.32	1442
10	LUPIN	96,620	2113	1%	11%	8%	10%	23	57.7	0.29	5355
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 58.86%	(0.01) 58.86%	(0.01) 58.90%	(0.01) 58.90%	(0.01) 58.90%	(0.11) 58.90%	(0.01) 58.80%	(0.01) 58.76%	(0.01) 58.76%	(0.01) 58.72%	(0.01) 58.75%	(0.01) 58.75%	(0.01) 58.73%	(0.01) 58.69%	(0.01) 58.68%	(0.01) 58.68%	(0.01) 58.69%	(0.01) 58.69%	(0.01) 58.69%	(0.01) 58.69%
FIIs	(0.31) 1.27%	(-0.21) 0.94%	(-0.21) 1.10%	(0.01) 1.25%	(0.01) 1.22%	(0.01) 1.24%	(-0.51) 1.25%	(0.21) 1.70%	(-0.41) 1.48%	(0.21) 1.92%	(0.11) 1.69%	(0.01) 1.59%	(0.01) 1.58%	(0.31) 1.55%	(0.01) 1.23%	(0.01) 1.19%	(0.01) 1.17%	(-0.51) 1.15%	(-0.81) 1.62%	(0.01) 2.43%
DIIs	(-0.51) 17.68%	(0.01) 18.15%	(0.01) 18.15%	(-0.81) 18.16%	(0.21) 18.96%	(-0.21) 18.75%	(0.71) 18.91%	(-0.41) 18.25%	(-0.71) 18.67%	(-0.11) 19.41%	(1.81) 19.56%	(-0.11) 17.79%	(-0.11) 17.93%	(0.01) 18.06%	(0.11) 18.07%	(-0.11) 17.97%	(-0.21) 18.07%	(0.51) 18.27%	(0.11) 17.78%	(0.01) 17.69%
Public	22.04%	21.90%	21.76%	21.60%	20.82%	21.02%	21.02%	21.27%	21.07%	19.92%	20.00%	21.87%	21.75%	21.69%	22.00%	22.16%	22.07%	21.89%	21.91%	21.19%
No. of Shareholders	32,457	32,276	32,659	33,319	33,129	34,497	34,676	34,416	34,511	33,201	32,600	36,588	35,431	34,731	35,713	38,072	38,498	37,863	37,279	34,746

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	468	476	445	485	440	390	411	433	431	450	459	482	426	428	399	433.04	408	409	358	387	386.75
Sales Growth % (YoY)	6.3%	21.9%	8.5%	12%	1.9%	-13.2%	-10.6%	-10.2%	1.2%	5%	15.1%	11.2%	4.5%	4.6%	11.5%	11.9%	5.6%	34.1%	7.7%	17.9%	40.2%
Sales Growth % (QoQ)	-1.7%	7%	-8.2%	10.2%	12.8%	-5.1%	-5.1%	0.5%	-4.2%	-2%	-4.8%	13.1%	-0.5%	7.3%	-7.9%	6.1%	-0.2%	14.2%	-7.5%	0.1%	-
Expenses	426	426	414	442	422	391	399	392	384	401	397	410	365	363	337	345.19	337	329	285	300	299.85
Operating Profit	41	50	32	43	18	-1	12	40	48	49	63	71	61	65	62	87.85	71	81	73	86	86.9
OPM %	9	10	7	9	4	-0.2	2.9	9	11	11	14	15	14	15	16	20.29	18	20	21	22	22.47
Other Income	100	4	-5	0	2	2	2	2	1	22	-6	4	0	0	0	0.35	1	0	0	1	0.86
Interest	28	46	26	25	26	18	16	18	14	12	10	8	8	9	7	5.25	4	3	4	3	4.24
Depreciation	35	32	32	32	30	29	29	29	28	26	24	21	20	18	17	15.65	20	18	19	19	22.23
Profit before tax	78	-25	-31	-14	-37	-46	-31	-5	7	33	23	46	34	39	38	67.3	48	60	51	65	61.29
Tax %	16	-5	-6	-32	-1	-9	-8	107	74	33	31	24	29	34	26	26.11	20	32	35	36	35.29
Net Profit	65	-24	-29	-9	-36	-41	-28	-10	2	22	16	35	24	26	28	49.73	39	40	33	42	39.66
Net Profit Growth % (QoQ)	370.8%	17.2%	-222.2%	75%	12.2%	-46.4%	-180%	-600%	-90.9%	37.5%	-54.3%	45.8%	-7.7%	-7.1%	-43.7%	27.5%	-2.5%	21.2%	-21.4%	5.9%	-
Net Profit Growth % (YoY)	280.6%	41.5%	-3.6%	10%	-1900%	-286.4%	-275%	-128.6%	-91.7%	-15.4%	-42.9%	-29.6%	-38.5%	-35%	-15.2%	18.4%	-1.7%	-	-	-	-
TTM Net Profit	3	-98	-115	-114	-115	-77	-14	30	75	97	101	113	127.73	142.73	156.73	161.73	154	154.66	114.66	81.66	0
EPS in Rs	7.04	-2.34	-3.23	-0.86	-3.88	-4.38	-2.86	-1.04	0.28	2.46	1.77	3.81	2.65	2.8	3.05	5.4	4.19	4.39	3.58	4.52	4.3

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	1845	1665	1817	1669	1541	1242	1107	968	1041	1071	1005	854	731	629
Sales Growth %	10.8%	-8.4%	8.9%	8.3%	24.1%	12.2%	14.3%	-7%	-2.8%	6.6%	17.6%	16.9%	16.1%	-
Expenses	1704	1565	1572	1381	1213	1017	983	892	906	914	834	689	610	537
Operating Profit	142	100	245	288	328	225	123	77	135	157	171	166	120	93
OPM %	8	6	13	17	21	18	11	8	13	15	17	19	16	15
Other Income	0	6	20	1	2	3	2	6	5	4	1	2	2	1
Interest	122	66	38	25	14	22	26	21	24	6	12	11	19	22
Depreciation	126	114	92	71	79	73	71	72	68	63	61	47	31	24
Profit before tax	-107	-74	136	193	237	132	29	-9	48	91	99	110	72	49
Tax %	-7	5	29	26	35	30	16	-69	15	15	17	24	20	12
Net Profit	-99	-78	97	142	155	93	24	-3	41	77	82	83	58	43
Net Profit Growth %	-26.9%	-180.4%	-31.7%	-8.4%	66.7%	287.5%	900%	-107.3%	-46.8%	-6.1%	-1.2%	43.1%	34.9%	-
EPS in Rs	-10.31	-7.99	10.68	15.44	16.8	10.1	2.62	-0.31	4.47	8.36	8.89	8.99	6.29	4.64
Dividend Payout %	-2	-2	14	15	13	15	11	-95	22	19	18	18	22	24

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	192	95	157	179	174	82	123	132	123	89	112	109	99	69
Cash from Investing Activity	-102	-339	-433	-208	-121	-67	-56	-104	-135	-171	-111	-88	-41	-43
Cash from Financing Activity	-77	241	280	23	-44	-30	-64	-16	-39	132	-2	-20	-59	-24
Net Cash Flow	14	-3	4	-7	8	-14	3	12	-51	50	0	1	-1	2

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18
Reserves	921	961	1004	1071	1091	1010	886	751	661	642	657	633	558	500	439	396
Borrowings	1090	999	994	834	672	333	257	267	262	296	282	280	140	97	92	120
Other Liabilities	564	530	414	466	363	297	325	279	330	301	281	266	224	230	180	157
Total Liabilities	2593	2508	2430	2390	2145	1658	1486	1315	1272	1258	1238	1197	941	846	729	692
Fixed Assets	1255	1143	997	984	954	678	555	570	590	468	489	440	374	340	325	322
CWIP	28	182	321	230	125	114	122	68	51	185	136	91	55	63	44	38
Investments	1	1	1	14	9	2	0	0	0	0	0	0	16	0	0	0
Other Assets	1309	1182	1111	1162	1057	864	809	677	631	605	613	666	496	443	360	332
Total Assets	2593	2508	2430	2390	2145	1658	1486	1315	1272	1258	1238	1197	941	846	729	692

Delivery

Delivery Data: INDOCO

#	Date	214 34% 288	Value (Cr)	Q/T 46	Del 31	Del 9
1	4-Sep	263	10	44	37	4
2	3-Sep	273	41	59	17	7
3	2-Sep	274	529	76	3	18
4	1-Sep	244	2	39	48	1
5	31-Aug	243	4	39	51	2
6	28-Aug	249	6	42	45	3
7	27-Aug	243	4	40	47	2
8	26-Aug	239	5	45	54	3
9	25-Aug	225	3	44	40	1
10	24-Aug	219	1	34	48	1
11	21-Aug	226	2	35	53	1
12	20-Aug	223	4	40	27	1
13	19-Aug	217	1	27	42	0
14	18-Aug	221	1	36	34	0
15	17-Aug	219	1	24	46	0
16	14-Aug	220	1	33	42	0
17	13-Aug	222	1	28	55	1
18	12-Aug	217	1	35	36	1
19	11-Aug	217	2	42	58	1
20	10-Aug	221	2	42	32	1
21	7-Aug	222	1	38	39	0
22	6-Aug	222	2	42	32	0
23	5-Aug	223	1	26	51	1
24	4-Aug	224	5	52	36	2
25	3-Aug	222	2	33	45	1
26	31-Jul	219	3	40	32	1
27	30-Jul	217	3	45	46	1
28	29-Jul	225	8	45	27	2
29	28-Jul	228	125	61	8	10
30	27-Jul	248	2	36	39	1
31	24-Jul	243	1	25	42	1
32	23-Jul	238	2	25	37	1
33	22-Jul	233	2	33	57	1
34	21-Jul	246	2	33	40	1
35	20-Jul	245	1	33	52	1
36	17-Jul	247	1	17	49	0
37	16-Jul	252	4	30	44	2
38	15-Jul	250	2	16	45	1
39	14-Jul	249	5	31	46	2
40	13-Jul	259	3	38	56	2
41	10-Jul	260	10	51	44	4
42	9-Jul	255	5	34	47	3
43	8-Jul	248	12	47	27	3
44	7-Jul	241	5	32	24	1
45	6-Jul	236	1	38	46	1
46	3-Jul	244	3	33	47	1
47	2-Jul	244	5	50	50	3
48	1-Jul	237	2	33	33	1
49	30-Jun	239	2	33	36	1
50	29-Jun	234	15	56	19	3

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	2,425c	155c	5.99
03-Sep	2,580c	332c	14.77
01-Sep	2,248c	56c	2.44
31-Aug	2,304c	213c	10.20
26-Aug	2,091c	80c	3.99
25-Aug	2,011c	20c	1.00
24-Aug	2,031c	34c	1.64
21-Aug	2,065c	66c	3.31
19-Aug	1,998c	46c	2.26
18-Aug	2,045c	31c	1.56
17-Aug	2,013c	36c	1.75
14-Aug	2,049c	36c	1.78
13-Aug	2,013c	17c	0.86
12-Aug	2,031c	13c	0.64
10-Aug	2,018c	26c	1.26
07-Aug	2,044c	13c	0.63
06-Aug	2,057c	2c	0.10
05-Aug	2,059c	7c	0.35
04-Aug	2,066c	36c	1.77
31-Jul	2,030c	16c	0.78
30-Jul	2,014c	104c	4.92
29-Jul	2,118c	5c	0.22
28-Jul	2,114c	176c	7.67
27-Jul	2,289c	0	0

Stock Checklist

Price is above from 52 week high low average: 59%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 18 fund scheme(s) across 7 fund house(s) as of Aug26 · Total value ₹695 Cr · 4 increasing / 8 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Nippon India Mutual Fund	4	0.11%	-0.01%	194.4
quant Mutual Fund	2	0.27%	-0.02%	184.3
DSP Mutual Fund	4	1.33%	+0.15%	176
ICICI Prudential Mutual Fund	2	0.54%	-0.06%	73
HDFC Mutual Fund	2	0.42%	-0.06%	67.4
Bandhan Mutual Fund	2	0.05%	-	0
Motilal Oswal Mutual Fund	2	0.00%	-	0

Indoco Remedies Limited

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Price Performance

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