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Indoco Remedies Ltd

Indoco Remedies Ltd

INDOCO Share Price

NSE
248.143.13% (+7.52)
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With a market cap of ₹2,217 cr, stock is ranked 1,190

Stock is 3.49x as volatile as Nifty

INDOCO Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹2,217 cr, stock is ranked 1,190

Stock is 3.49x as volatile as Nifty

INDOCO Performance & Key Metrics

INDOCO Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
-23.312.180.08%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
43.276.210.41%

INDOCO Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
33%
Analysts have suggested that investors can buy this stock

from 3 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

INDOCO Company Profile

Indoco Remedies Limited is engaged in the manufacture of pharmaceutical products. The Company primarily manufactures and markets Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs).

INDOCO Similar Stocks (Peers)

Compare with peers Compare with peers 

INDOCO Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
39.78
39.78
1Y Return
12.90%
12.90%
Buy Reco %
93.75
93.75
PE Ratio
75.98
75.98
1Y Return
46.47%
46.47%
Buy Reco %
78.57
78.57
PE Ratio
30.23
30.23
1Y Return
3.80%
3.80%
Buy Reco %
62.86
62.86
PE Ratio
22.82
22.82
1Y Return
16.76%
16.76%
Buy Reco %
55.17
55.17
PE Ratio
21.35
21.35
1Y Return
27.93%
27.93%
Buy Reco %
55.56
55.56
Compare with Peers

INDOCO Sentiment Analysis

INDOCO Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

INDOCO Stock Summary · May 2026

Recovery underway as consolidated Q4 net revenue reached INR 4,559 million and standalone EBITDA margin expanded to 14.7% (INR 630m), reflecting a clear turnaround in profitability. Management emphasized scaling regulated‑market international formulations—which nearly doubled year‑on‑year and materially offset muted India seasonality—as the primary growth engine, alongside operational leverage from restored solid‑oral and alternate sterile routing; they also flagged a one‑off domestic expired‑stock hit and an unfavorable product mix that raised COGS. Tension remains between strong international momentum and softer domestic demand, a spike in trade receivables tied to longer export credit terms, ongoing API validation costs delaying commercial sales, and a quarterly FX loss (about INR 24 crore) on an EUR 10 million ECB that lifted finance costs. Strategic priorities are focused on European contract manufacturing scale‑ups, broadening the U.S. product mix, tighter CAPEX and expense control, and using improving EBITDA to reduce leverage; the company reiterated a committed amortization plan of ~INR 140 crore per year and expects API commercialization to recover within a few quarters while some approvals may take up to a year.

INDOCO Stock Growth Drivers
INDOCO Stock Growth Drivers
7
  • International formulations‑led revenue turnaround and geographic diversification

    The company returned to a positive quarter after nearly six non‑positive quarters, with consolidated net

  • Material improvement in profitability and operating leverage

    Operating performance showed a marked recovery with standalone EBITDA margin expanding to 14.7% (INR 630

INDOCO Stock Challenges
INDOCO Stock Challenges
5
  • Stretched working capital and rising financing costs

    The company is experiencing acute liquidity strain driven by a sharp deterioration in receivables and

  • Manufacturing, validation and regulatory bottlenecks delaying revenue realization

    Capital investments and site issues are producing persistent operational drag as product validations and regulatory

INDOCO Forecast

INDOCO Forecasts

Price

Revenue

Earnings

INDOCO

INDOCO

Income

Balance Sheet

Cash Flow

INDOCO Income Statement

INDOCO Income Statement

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Quarterdec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026
Total Revenue461.77472.03432.52434.22412.39392.23441.30485.43446.34479.31
Operating & Other expensessubtract404.72400.77383.72392.41398.52390.99422.14442.15420.00425.90
Depreciation/Amortizationsubtract24.3526.2327.5228.8228.7228.7829.7032.2532.0132.49
Interest & Other Itemssubtract10.0712.0514.3117.8316.1117.9826.1224.5625.6445.92
Taxes & Other Itemssubtract6.3310.284.354.73-4.57-5.13-0.87-5.60-1.52-3.36
EPS1.692.390.20-1.09-3.08-4.48-3.94-1.00-3.20-2.57

INDOCO Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2025FY 2025

Annual report

PDF

Investor Presentation

Oct 24PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
FY 2016FY 2016

Annual report

PDF
 

INDOCO Stock Peers

INDOCO Past Performance & Peer Comparison

INDOCO Past Performance & Peer Comparison

Comparing 3 stocks from 
Health CarePharmaceuticals

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Indoco Remedies Ltd-23.312.180.08%
Sun Pharmaceutical Industries Ltd39.785.44
Torrent Pharmaceuticals Ltd75.989.350.78%
Cipla Ltd30.233.400.90%

INDOCO Stock Price Comparison

Compare INDOCO with any stock or ETF
Compare INDOCO with any stock or ETF
INDOCO
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INDOCO Holdings

INDOCO Shareholdings

INDOCO Promoter Holdings Trend

INDOCO Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

INDOCO Institutional Holdings Trend

INDOCO Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

INDOCO Shareholding Pattern

INDOCO Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding58.86%17.54%0.61%0.94%22.04%

Jun 2025

Sep 2025

Dec 2025

Mar 2026

INDOCO Shareholding History

INDOCO Shareholding History

Dec '24MarJunSepDec '25Mar1.25%1.24%1.22%1.25%1.10%0.94%

Mutual Funds Invested in INDOCO

Mutual Funds Invested in INDOCO

No mutual funds holding trends are available

Top 5 Mutual Funds holding Indoco Remedies Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
3.9696%0.28%-0.03%47/132 (-6)
3.0682%2.06%-0.10%18/33 (-1)
2.4487%0.07%-0.00%187/266 (+52)

Compare 3-month MF holding change on Screener

INDOCO Insider Trades & Bulk Stock Deals

INDOCO Insider Trades & Bulk Stock Deals

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smallcases containing INDOCO stock

smallcases containing INDOCO stock

Looks like this stock is not in any smallcase yet.

INDOCO Events

INDOCO Events

INDOCO Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

INDOCO has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.08%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.85 every year

Dividends

Corp. Actions

Announcements

Legal Orders

INDOCO Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

INDOCO has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.08%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.85 every year

INDOCO Upcoming Dividends

INDOCO Upcoming Dividends

No upcoming dividends are available

INDOCO Past Dividends

INDOCO Past Dividends

Cash Dividend

Ex DateEx DateSep 4, 2025

Final
Final | Div/Share: ₹0.20

Dividend/Share

0.20

Ex DateEx Date

Sep 4, 2025

Cash Dividend

Ex DateEx DateSep 19, 2024

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Sep 19, 2024

Cash Dividend

Ex DateEx DateSep 18, 2023

Final
Final | Div/Share: ₹2.25

Dividend/Share

2.25

Ex DateEx Date

Sep 18, 2023

Cash Dividend

Ex DateEx DateSep 14, 2022

Special
Special | Div/Share: ₹0.75

Dividend/Share

0.75

Ex DateEx Date

Sep 14, 2022

Cash Dividend

Ex DateEx DateSep 14, 2022

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Sep 14, 2022

INDOCO Stock News & Opinions

INDOCO Stock News & Opinions

Corporate
Corporate
Indoco Remedies receives EU GMP certification for its Goa unit

Indoco Remedies announced that Malta Medicines Authority had inspected Company's manufacturing facility for solid oral dosage form (Plant I) located at Goa (Facility), from 19 November to 24 November 2025. The Facility has received EU GMP certification from the Malta Medicines Authority confirming that the Facility complies with the Good Manufacturing Practice requirements as referred in the EC Directive.

1 week agoCapital Market - Live
Spotlight
Spotlight
Indoco Remedies climbs after Baddi plant secures EU GMP certification; ICICI Prudential MF buys 1.47% stake

The facility was inspected between 22 April and 27 April 2026. The certification confirms that the plant complies with EU GMP standards and can cater to regulated European markets. Aditi Panandikar, managing director of Indoco Remedies, said the certification reflects the company's commitment to supplying high-quality products to patients across the globe. Meanwhile, ICICI Prudential Mutual Fund acquired 13,58,002 shares, or a 1.47% stake, in Indoco Remedies through bulk deals on 27 May 2026. Exchange data showed that the fund bought 6,83,544 shares on the NSE and 6,74,458 shares on the BSE at Rs 198 per share. The total deal value stood at around Rs 26.88 crore. Indoco Remedies is a fully integrated pharmaceutical company with 10 manufacturing facilities, including six formulations plants and four API units. The company caters to domestic and international markets across multiple therapeutic segments and maintains partnerships with generic drug companies worldwide. On a consolidated basis, Indoco Remedies reported net loss of Rs 21.64 crore in Q4 March 2026 as against net loss of Rs 40.39 crore in Q4 March 2025. Net sales rose 18.76% YoY to Rs 455.90 crore in Q4 March 2026. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Corporate
Indoco Remedies receives EU GMP certification from Malta Medicines Authority

Indoco Remedies has announced today that the Malta Medicines Authority had inspected the Company's manufacturing facility for solid oral dosage form (Unit I) located at Baddi from 29 January 2026 to 03 February 2026. The facility has received EU GMP certification from the Malta Medicines Authority confirming that it complies with the Good Manufacturing Practice requirements as referred in the EC Directive.

1 month agoCapital Market - Live
Spotlight
Spotlight
Indoco Remedies gains after reporting turnaround Q4 performance

Revenue from operations stood at Rs 429.06 crore in the fourth quarter of FY26, up 25.79% as against Rs 341.07 crore posted in Q4 FY25. The company reported a profit before tax of Rs 27.62 crore in Q4 FY26, compared with a pre-tax loss of Rs 30.90 crore in Q4 FY25. It also recorded exceptional items of Rs 3.68 crore during the quarter. On a consolidated basis, the company reported consolidated net loss of Rs 23.68 crore in Q4 FY26 as against net loss of Rs 41.34 crore in Q4 FY25. Revenue from operations surged 18.75% to Rs 455.9 crore in Q4 FY26 as against Rs 383.89 crore in Q4 FY25. EBITDA for the quarter stood at Rs 63 crore, compared with Rs 3.5 crore in the corresponding quarter of the previous year. EBITDA margin for the quarter stood at 14.7% as against 1.0% in the same quarter last year. For the year, revenue stood at Rs 1,633.5 crore as against Rs 1,494.8 crore in the same period last year. EBITDA stood at Rs 157.2 crore, compared with Rs 128 crore in the corresponding period last year, while EBITDA margin improved to 9.6% from 8.6%. Aditi Panandikar, Managing Director, Indoco Remedies, said, 'Revenue growth for the quarter and year was mainly driven by a good performance in the International Formulations Business, supported by a steady growth in the API & Services Businesses.' The board of directors recommended a dividend of Rs 0.20 per equity share of face value Rs 2 each for the financial year 2025'2026. Indoco is a fully integrated, research-oriented pharmaceutical company with a strong global presence. The company's turnover is US$ 175 million with human capital of over 6000 employees, including over 300 skilled scientists and field staff who are the strength of the organization. Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Earnings
Indoco Remedies reports consolidated net loss of Rs 21.64 crore in the March 2026 quarter

Net Loss of Indoco Remedies reported to Rs 21.64 crore in the quarter ended March 2026 as against net loss of Rs 40.39 crore during the previous quarter ended March 2025. Sales rose 18.76% to Rs 455.90 crore in the quarter ended March 2026 as against Rs 383.89 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 95.15 crore in the year ended March 2026 as against net loss of Rs 73.74 crore during the previous year ended March 2025. Sales rose 9.24% to Rs 1792.94 crore in the year ended March 2026 as against Rs 1641.29 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales455.90383.89 19 1792.941641.29 9 OPM %10.90-0.20 -7.916.05 - PBDT3.75-16.74 LP 22.8838.48 -41 PBT-28.74-45.52 37 -103.57-75.36 -37 NP-21.64-40.39 46 -95.15-73.74 -29 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Corporate
Board of Indoco Remedies recommends Final Dividend

Indoco Remedies announced that the Board of Directors of the Company at its meeting held on 07 May 2026, has recommended a Final Dividend of Rs.0.20 per share (i.e.10%), subject to the approval of the shareholders.

2 months agoCapital Market - Live
Corporate
Corporate
Indoco Remedies to announce Quarterly Result & final dividend

Indoco Remedies will hold a meeting of the Board of Directors of the Company on 7 May 2026.

2 months agoCapital Market - Live
Spotlight
Spotlight
Indoco Remedies rises on USFDA approval for Brivaracetam oral solution

The approval allows the company to market a generic version of Briviact 10 mg/mL oral solution, the reference listed drug (RLD) of UCB, Inc. The company said its Brivaracetam Oral Solution has been determined to be bioequivalent and therapeutically equivalent to the RLD. The product will be manufactured at Indoco Remedies' facility located at L-14, Verna Industrial Area, Verna, Goa ' 403722, India. Brivaracetam Oral Solution (10 mg/mL) is a prescription antiepileptic drug indicated for the treatment of partial-onset seizures in patients aged one month and older. Aditi Panandikar, managing director (MD) said, 'The ANDA approval for Brivaracetam is a significant milestone for us as we continue to strengthen our presence in the Regulated Markets. We are committed to offering innovative and affordable healthcare to patients worldwide.' Indoco Remedies is engaged in the manufacturing and marketing of Formulations and Active Pharmaceutical Ingredients. The Company caters to both Domestic and International markets. The company's consolidated net loss of Rs 23.64 crore in Q3 FY26 as against net loss of Rs 27.30 crore in Q3 FY25. Revenue from operations rose 7.9% year on year to Rs 434.34 crore in Q3 FY26. Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Earnings
Indoco Remedies reports consolidated net loss of Rs 29.79 crore in the December 2025 quarter

Net Loss of Indoco Remedies reported to Rs 29.79 crore in the quarter ended December 2025 as against net loss of Rs 26.39 crore during the previous quarter ended December 2024. Sales rose 7.92% to Rs 434.34 crore in the quarter ended December 2025 as against Rs 402.45 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales434.34402.45 8 OPM %7.252.99 - PBDT6.85-3.23 LP PBT-25.16-31.95 21 NP-29.79-26.39 -13 Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
Corporate
Indoco Remedies allots 55,700 equity shares under ESOP

Indoco Remedies has allotted 55,700 equity shares under ESOP on 03 February 2026. Consequent to this allotment, the paid up equity share capital has increased to Rs. 18,46,07,210 (consisting of 9,23,03,605 equity shares of face value of Rs. 2 each). Powered by Capital Market - Live

5 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Indoco Remedies Ltd (INDOCO) today?

    The share price of INDOCO as on 8th July 2026 is ₹248.14. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Indoco Remedies Ltd (INDOCO) share?

    The past returns of Indoco Remedies Ltd (INDOCO) share are
    • Past 1 week: 2.97%
    • Past 1 month: 21.64%
    • Past 3 months: 25.18%
    • Past 6 months: 12.02%
    • Past 1 year: -23.68%
    • Past 3 years: -23.60%
    • Past 5 years: -45.73%

  3. What are the peers or stocks similar to Indoco Remedies Ltd (INDOCO)?
  4. What is the dividend yield % of Indoco Remedies Ltd (INDOCO) share?

    The current dividend yield of Indoco Remedies Ltd (INDOCO) is 0.08.

  5. What is the market cap of Indoco Remedies Ltd (INDOCO) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Indoco Remedies Ltd (INDOCO) is ₹2217.88 Cr as of 8th July 2026.

  6. What is the 52 week high and low of Indoco Remedies Ltd (INDOCO) share?

    The 52-week high of Indoco Remedies Ltd (INDOCO) is ₹349.80 and the 52-week low is ₹162.19.

  7. What is the PE and PB ratio of Indoco Remedies Ltd (INDOCO) stock?

    The P/E (price-to-earnings) ratio of Indoco Remedies Ltd (INDOCO) is -23.31. The P/B (price-to-book) ratio is 2.18.

  8. Which sector does Indoco Remedies Ltd (INDOCO) belong to?

    Indoco Remedies Ltd (INDOCO) belongs to the Health Care sector & Pharmaceuticals sub-sector.

  9. How to buy Indoco Remedies Ltd (INDOCO) shares?

    You can directly buy Indoco Remedies Ltd (INDOCO) shares on Tickertape. Simply sign up, connect your demat account and place your order.