Ind-Swift Laboratories Ltd
NSE: INDSWFTLAB BSE: 532305
Incorporated in 1995, Ind-Swift Laboratories Ltd is in the business of Bulk Drugs & Pharmaceuticals[1]
₹132
52W: ₹70.7 — ₹157
PE 25.6 · Book ₹159 · -17% vs bookMarket Cap₹1,144 Cr
Stock P/E25.6Price to Earnings
ROCE1.37%Return on Capital
ROE0.82%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
- +Stock is trading at 0.81 times its book value
- +Company has delivered good profit growth of 19.0% CAGR over last 5 years
- +Promoter holding has increased by 3.49% over last quarter.
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −The company has delivered a poor sales growth of -6.07% over past five years.
- −Company has a low return on equity of 8.86% over last 3 years.
- −Earnings include an other income of Rs.274 Cr.
Shareholding Pattern
Promoters43%
FIIs13.88%
DIIs0%
Public43.14%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 42.01% | 42.01% | 42.01% | 40.94%▼1.1 | 40.94% | 39.49%▼1.4 | 39.49% | 43%▲3.5 |
| FIIs | 1.27% | 0.65%▼0.6 | 0.46%▼0.2 | 3.07%▲2.6 | 4.27%▲1.2 | 14.8%▲10.5 | 14.33%▼0.5 | 13.88%▼0.4 |
| DIIs | 0.94% | 0.94% | 0.94% | 0.91%▼0.0 | 0.91% | 0.68%▼0.2 | 0.68% | 0%▼0.7 |
| Public | 55.81% | 56.41%▲0.6 | 56.61%▲0.2 | 55.08%▼1.5 | 53.88%▼1.2 | 45.02%▼8.9 | 45.5%▲0.5 | 43.14%▼2.4 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 270 | 276 | 517 | 30 | 3 | 122 | 145 | 148 | 150 | 149 |
| Expenses | 207 | 222 | 430 | 35 | 15 | 122 | 158 | 145 | 148 | 144 |
| Operating Profit | 63 | 54 | 87 | -5 | -12 | -1 | -13 | 3 | 2 | 5 |
| OPM % | 23% | 20% | 17% | -15% | -443% | -1% | -9% | 2% | 1% | 4% |
| Net Profit | 30 | 22 | 491 | 6 | 0 | -1 | 218 | 8 | 9 | 11 |
| EPS ₹ | 5.09 | 3.66 | 83.05 | 1.05 | 0.05 | -0.15 | 35.98 | 1.34 | 1.07 | 1.32 |
AI Insights
Revenue Trend
TTM revenue at ₹593Cr, up 7.8% YoY. OPM at 0%.
Debt Position
Borrowings at ₹22Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.
Institutional Flow
DIIs: 0% (-19.49pp change). FIIs: 13.88% (+13.80pp change). Promoters hold 43%.
Margin & Efficiency
ROCE improving from 0% (Mar 2014) to 1% (Mar 2025). Working capital days: 83.
Valuation
PE 25.6x with 1.37% ROCE. Price is -17% above book value of ₹159. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 2d - CARE report for Q4FY26 notes no deviation, but 65,00,000 warrants lapsed, creating Rs58.99 crore shortfall.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 5 May - Postal ballot passed four special resolutions appointing MDs and approving remuneration on 5 May 2026.
- Disclosures Under Regulation 29(2) Of The SEBI (Substantial Acquisition Of Shares And Takeover) Regulations, 2011 22 Apr - HCP Investments disclosed sale of 6,503,423 Ind-Swift shares, 7.5% stake, on 21 April 2026.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 21 Apr - HCP Investments disclosed disposal of 6,503,423 Ind-Swift shares, representing 7.5%, on 21 April 2026.
- Clarification On Spurt In Volume 9 Apr - Arbitration with PI Industries ended; all claims rejected on 7 April 2026, with nil financial impact.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse