Divi's Laboratories Ltd.

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divislabs.comBSE: 532488NSE: DIVISLAB

Market Cap₹ 2,51,737 Cr.

Current Price

High / Low₹ 9,615 / 5,636

Stock P/E85.6

Book Value₹ 663

Price to Book9.43

Dividend Yield0.32 %

ROCE21.9 %

ROE16.5 %

Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Healthcare

Buy

This stance relies on proxies and positioning because no direct pharma-export or healthcare operating series exists in the dataset. The depreciated currency at 95.23 (Sep/26) can support export earnings, inflation at 4.45% (Jul/26) is manageable for a defensive sector, and consumer spending remains large at INR 44743 billion (Jun/26). Strong FPI inflow of INR 10620 crore over 3 months to 2026-08-31 from INR -11381 crore in the prior 3 months adds a real sector-specific tailwind, but confidence stays capped because the fundamental drivers are indirect proxies.

Confidence

50%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 60.0% YoY, showing strong momentum
Company has been maintaining a healthy dividend payout of 30.5%
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Stock is trading at 9.4x its book value
Company has delivered a poor profit growth of 5.9% over past five years
Expensive relative to growth - PEG of 6.6
Rich enterprise valuation - EV/EBITDA of 38.6x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

HealthcareHealthcarePharmaceuticals & Drugs

Part ofNIFTY NEXT 50 NIFTY PHARMA NIFTY100 QUALTY30 NIFTYLARGEMIDCAP250 NIFTY100 EQL WGT

S.No.	Name
1.	SUNPHARMA	1868.50	37.06	448315.74	0.86	2901.23	26.53	15299.88	10.98	19.11	28.81
2.	DIVISLAB	9482.75	86.06	251737.22	0.32	902.00	65.50	3080.00	27.80	21.51	40.75
3.	TORNTPHARM	4931.90	86.01	187593.62	0.77	566.00	3.28	4921.00	57.32	19.27	33.81
4.	ZYDUSLIFE	1129.00	24.95	112618.18	0.09	990.20	-34.90	8017.00	23.97	21.39	24.54
5.	CIPLA	1368.00	32.79	110515.04	0.95	785.55	-39.18	7119.28	4.13	16.00	16.73
6.	LAURUSLABS	1933.25	95.54	104455.86	0.10	362.07	123.94	2026.31	29.10	18.20	31.50
7.	AUROPHARMA	1690.00	26.19	97238.86	0.24	1032.03	25.22	9150.35	17.44	12.76	20.54
8.	LUPIN	2092.00	17.30	95660.02	0.86	1416.98	16.01	8276.89	34.28	28.86	29.59
9.	DRREDDY	1143.20	29.61	95420.61	0.70	435.60	-69.10	8099.80	-5.21	13.75	10.63
10.	MANKIND	2266.00	45.82	93596.02	0.04	574.09	29.12	4030.59	12.89	13.24	26.30
11.	GLENMARK	2439.55	38.29	68850.12	0.10	482.83	927.88	4018.48	31.35	20.35	20.03
12.	BIOCON	395.00	129.97	64372.92	0.13	136.80	53.36	4336.00	10.89	3.26	19.54

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,730	1,868	1,808	2,259	2,063	2,302	2,297	2,536	2,357	2,660	2,578	2,793	2,974
	1,239	1,394	1,317	1,542	1,442	1,573	1,550	1,655	1,614	1,765	1,671	1,850	1,872
Operating Profit	491	474	491	717	621	729	747	881	743	895	907	943	1,102
OPM %	28.38%	25.37%	27.16%	31.74%	30.10%	31.67%	32.52%	34.74%	31.52%	33.65%	35.18%	33.76%	37.05%
	80	85	94	79	79	105	82	87	119	146	13	154	63
Interest	0	1	0	2	0	1	0	0	3	8	6	6	6
Depreciation	93	94	95	94	97	98	99	107	112	113	116	120	132
Profit before Tax	478	464	490	700	603	735	730	861	747	920	798	971	1,165
Tax %	27.82%	26.29%	26.94%	24.14%	28.69%	29.52%	18.63%	22.53%	25.44%	24.35%	25.06%	22.14%	23.52%
Net Profit	345	342	358	531	430	518	594	667	557	696	598	756	891
	12.99	12.89	13.50	19.99	16.18	19.51	22.39	25.12	20.95	26.24	22.56	28.44	33.55

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	4,024	3,816	4,880	5,311	6,799	8,880	7,625	7,665	9,198	10,388	11,005
	2,585	2,564	3,030	3,494	3,978	5,005	5,276	5,490	6,218	6,899	7,158
Operating Profit	1,439	1,252	1,850	1,816	2,821	3,875	2,349	2,175	2,980	3,489	3,847
OPM %	35.76%	32.80%	37.91%	34.20%	41.49%	43.64%	30.81%	28.38%	32.40%	33.59%	34.96%
	76	112	157	190	63	114	349	337	352	432	376
Interest	3	2	5	7	2	2	2	4	2	24	26
Depreciation	123	142	169	186	255	311	342	376	401	461	481
Profit before Tax	1,388	1,219	1,833	1,813	2,628	3,677	2,354	2,132	2,929	3,436	3,854
Tax %	24.13%	28.69%	27.31%	24.30%	25.62%	19.80%	23.19%	26.08%	24.58%	24.13%	23.69%
Net Profit	1,053	870	1,333	1,373	1,955	2,949	1,808	1,576	2,209	2,607	2,941
EPS	39.68	32.76	50.20	51.71	73.63	111.07	68.11	59.47	83.36	98.38	—
Dividend Payout %	25.20%	30.53%	31.87%	30.94%	27.16%	27.01%	43.97%	50.44%	35.99%	30.49%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 9%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 9%
5 Years:: 6%
3 Years:: 13%

STOCK PRICE CAGR

10 Years:: 22%
5 Years:: 13%
3 Years:: 36%
1 Year:: 56%

RETURN ON EQUITY

10 Years:: 19%
5 Years:: 17%
3 Years:: 15%
Last Year:: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	53	53	53	53	53	53	53	53	53	53
	5,356	5,907	6,920	7,264	9,218	11,638	12,652	13,431	14,842	16,658
	36	63	106	34	0	0	0	0	2	674
Trade Payables	442	406	483	580	749	771	743	807	880	1,190
	1,597	1,942	1,237	1,477	1,319	2,104	1,336	1,542	1,839	2,239
Total Liabilities	7,484	8,370	8,800	9,408	11,340	14,567	14,784	15,833	17,616	20,814
	1,559	1,996	2,087	2,776	3,699	4,321	4,719	4,737	5,440	6,520
Capital Work in Progress	444	120	492	920	711	470	212	778	1,022	2,113
	1,639	1,897	1,953	979	7	79	84	89	72	76
	1,256	1,281	1,663	1,744	2,043	2,644	2,781	2,985	3,033	3,711
	0	0	0	0	0	0	0	2,273	2,855	3,228
Cash & Bank	66	91	105	107	2,142	2,804	4,188	3,961	3,696	3,371
	2,520	2,985	2,499	2,882	2,738	4,249	2,800	1,010	1,498	1,795
Total Assets	7,484	8,370	8,800	9,408	11,340	14,567	14,784	15,833	17,616	20,814

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,451	1,033	1,447	1,654	2,580	2,540	2,919	1,266	1,650	2,711
Cash from Investing	-1,137	-476	-684	-81	75	-2,195	-2,707	-268	-803	-2,218
Cash from Financing	3	-314	-246	-1,091	-34	-532	-796	-798	-797	-802
	15	-25	34	36	1,988	-817	-1,056	200	50	-309

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.90	51.89	51.89	51.89	51.89	51.89	51.88	51.88	51.88
	16.16	17.25	17.98	18.01	19.74	19.39	20.08	20.29	20.19
	21.66	20.98	20.44	20.63	18.96	19.68	19.18	19.13	19.29
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	10.18	9.80	9.59	9.39	9.32	8.96	8.76	8.60	8.54

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-10

Shareholders meeting

2026-08-10 - Divi's Laboratories Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 10, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.

2026-08-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - Divi's Laboratories Limited has informed the Exchange about Transcript

2026-08-03

Copy of Newspaper Publication

2026-08-03 - Divi's Laboratories Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-01

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-01 - Divi's Laboratories Limited has informed the Exchange about Link of Recording

2026-08-01

Change in Management

2026-08-01 - Divi's Laboratories Limited has informed the Exchange about change in Senior Management.

2026-08-01

Outcome of Board Meeting

2026-08-01 - Divi's Laboratories Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-31

Retirement

2026-07-31 - Divi's Laboratories Limited has informed the Exchange about Retirement of Senior Management Personnel.

2026-07-24

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-24 - Divi's Laboratories Limited has informed the Exchange about Schedule of meet

2026-07-17

Copy of Newspaper Publication

2026-07-17 - Divi's Laboratories Limited has informed the Exchange about Copy of Newspaper Publication

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