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Swing Capital

Divis Laboratories Ltd

NSE: DIVISLAB BSE: 532488

Incorporated in 1990, Divis Laboratories Ltd manufactures and exports API's, Intermediates and Nutraceutical ingredients[1]

₹6,852
52W: ₹5636 — ₹7078
PE 70.8 · Book ₹578 · +1085% vs book
Market Cap₹1,81,911 Cr
Stock P/E70.8Price to Earnings
ROCE20.6%Return on Capital
ROE15.6%Return on Equity
Div. Yield0.44%Face Value ₹2

Strengths

  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 43.5%

Weaknesses

  • −Stock is trading at 11.6 times its book value
  • −The company has delivered a poor sales growth of 11.6% over past five years.

Shareholding Pattern

Promoters51.88%
FIIs20.29%
DIIs19.13%
Public8.61%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters51.89%51.89%51.89%51.89%51.88%▼0.051.88%51.88%51.88%
FIIs16.16%17.25%▲1.117.98%▲0.718.01%▲0.019.74%▲1.719.39%▼0.320.08%▲0.720.29%▲0.2
DIIs21.66%20.98%▼0.720.44%▼0.520.63%▲0.218.96%▼1.719.68%▲0.719.18%▼0.519.13%▼0.1
Public10.17%9.79%▼0.49.58%▼0.29.39%▼0.29.32%▼0.18.96%▼0.48.75%▼0.28.61%▼0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales1,8681,8082,2592,0632,3022,2972,5362,3572,6602,578
Expenses1,3941,3171,5421,4421,5731,5501,6551,6141,7651,671
Operating Profit474491717621729747881743895907
OPM %25%27%32%30%32%33%35%32%34%35%
Net Profit342358531430518594667557696598
EPS ₹12.8813.492016.219.5122.3825.1320.9826.2222.53

AI Insights

Revenue Trend

TTM revenue at ₹10,131Cr, up 10.1% YoY. OPM at 34%.

Debt Position

Borrowings at ₹89Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Capex Cycle

CWIP at ₹2,030Cr (36% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 19.13% (-2.02pp change). FIIs: 20.29% (+5.60pp change). Promoters hold 51.88%.

Margin & Efficiency

ROCE declining from 36% (Mar 2014) to 21% (Mar 2025). Working capital days: 193.

Valuation

PE 70.8x with 20.6% ROCE. Price is 1085% above book value of ₹578. Dividend yield: 0.44%.

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