Indegene Ltd.

•

indegene.comBSE: 544172NSE: INDGN

Market Cap₹ 13,929 Cr.

Current Price

High / Low₹ 616 / 414

Stock P/E34.7

Book Value₹ 133

Price to Book3.38

Dividend Yield0.39 %

ROCE18.9 %

ROE14.1 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Commercial: 70.1% • Medical: 26.5% • Other: 3.4%

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
Company has a healthy return on capital (ROCE) of 25.0%
Company has a good return on equity (ROE) track record: 3 Years ROE 20.7%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 29.4% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.40x)

CONS

Recent results are weak - TTM profit is down 14.3% versus prior year
Recurring exceptional / one-off items are inflating headline profit
Though reporting repeated profits, the company pays out little dividend (13.5%)
Expensive relative to growth - PEG of 2.4

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

Peer comparison

HealthcareBusiness ServicesBusiness Support

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	PFOCUS	310.60	209.28	24188.72	0.00	-457.78	-514.43	12668.15	1196.88	2.74	23.76
2.	SAGILITY	45.15	21.28	21136.20	0.33	216.81	45.94	1963.48	27.59	13.82	22.32
3.	HORIZONIND	55.65	244.03	16043.35	0.00	-116.27	—	2005.46	—	3.32	80.26
4.	SYNGENE	382.65	69.89	15446.40	0.33	-9.00	-110.38	736.00	-15.84	9.48	12.34
5.	INDGN	578.05	34.74	13929.08	0.39	116.20	-0.17	1063.10	39.73	18.92	16.39
6.	IGIL	314.20	22.27	13578.46	1.59	165.74	30.98	370.78	23.22	77.00	60.35
7.	NESCO	1102.75	18.65	7769.97	0.63	99.96	3.97	211.80	9.55	19.23	48.33
8.	LEAPIND	144.55	102.15	6367.95	0.00	247.33	—	2034.13	—	9.32	51.19
9.	SPARC	196.10	4.02	6363.87	0.00	-20.78	59.94	39.92	314.11	163.94	-85.17
10.	SMARTWORKS	530.60	217.74	6069.06	0.00	13.15	413.27	546.25	44.05	61.12	63.33
11.	JUSTDIAL	665.10	15.59	5656.61	0.00	115.74	38.44	270.27	16.23	12.88	26.17
12.	LATENTVIEW	252.50	26.76	5228.85	0.00	47.10	-6.84	286.88	21.55	16.69	19.76

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	608	636	673	673	676	687	720	756	761	804	942	1,003	1,063
	511	515	524	534	548	561	589	608	606	664	783	840	939
Operating Profit	97	121	149	139	129	126	132	148	155	141	160	164	124
OPM %	15.93%	19.05%	22.11%	20.61%	19.05%	18.36%	18.30%	19.52%	20.41%	17.48%	16.93%	16.30%	11.64%
	28	12	13	26	22	21	38	26	22	20	19	-10	29
Interest	13	12	12	12	12	4	3	3	4	4	5	7	6
Depreciation	20	20	18	18	20	19	20	21	22	23	40	42	44
Profit before Tax	92	101	132	134	120	124	146	149	152	133	135	105	153
Tax %	26.05%	25.45%	25.32%	28.99%	26.67%	26.11%	25.02%	21.23%	23.47%	23.29%	23.61%	24.17%	23.90%
Net Profit	0	0	0	0	88	92	110	118	116	102	103	80	116
	3.09	3.38	4.45	4.27	3.79	3.84	4.59	4.91	4.86	4.26	4.29	3.32	4.84

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	472	475	553	643	966	1,665	2,306	2,590	2,839	3,510	3,813
	402	447	511	499	736	1,378	1,910	2,084	2,305	2,892	3,225
Operating Profit	70	28	42	144	231	287	396	505	534	619	587
OPM %	14.87%	5.93%	7.56%	22.34%	23.86%	17.24%	17.17%	19.52%	18.82%	17.63%	15.41%
	1	3	7	-40	34	-21	58	79	107	52	59
Interest	10	8	6	9	7	6	31	49	22	19	22
Depreciation	19	12	17	19	26	33	60	76	80	126	149
Profit before Tax	42	11	26	75	231	226	363	459	539	525	526
Tax %	7.58%	62.91%	45.21%	34.66%	19.78%	28.11%	26.69%	26.58%	24.59%	23.60%	23.73%
Net Profit	39	4	14	49	186	163	266	337	407	401	401
EPS	211.03	14.59	49.92	-40.08	7.01	7.46	11.97	15.17	16.98	16.68	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.78%	13.49%	—

COMPOUNDED SALES GROWTH

10 Years:: 26%
5 Years:: 29%
3 Years:: 15%

COMPOUNDED PROFIT GROWTH

10 Years:: 27%
5 Years:: 22%
3 Years:: 15%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 2%

RETURN ON EQUITY

10 Years:: 45%
5 Years:: 24%
3 Years:: 21%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	0	0	0	0	44	44	48	48
Minority Interest	0	0	0	89	9	0	0	0	0	0
	51	55	70	-110	320	758	1,002	1,353	2,532	3,044
	66	41	69	565	58	130	616	472	87	308
Trade Payables	47	38	47	55	50	74	73	118	93	181
	147	174	141	-38	122	322	402	487	476	962
Total Liabilities	310	308	326	562	559	1,284	2,137	2,475	3,236	4,544
	81	75	104	119	86	138	664	646	678	1,812
Capital Work in Progress	0	0	0	0	0	0	0	0	4	12
	1	0	0	13	0	120	614	796	1,290	1,100
	0	0	0	0	0	0	0	648	751	982
Cash & Bank	18	9	37	180	140	517	86	191	375	382
	210	224	185	249	333	509	773	194	139	257
Total Assets	310	308	326	562	559	1,284	2,137	2,475	3,236	4,544

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	46	31	82	49	222	367	238	508	442	651
Cash from Investing	-77	-21	-19	-18	-24	-160	-893	-327	-683	-512
Cash from Financing	57	-12	-21	136	-132	233	333	-66	288	-83
	7	-9	25	140	16	370	-430	114	47	56

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	3.79	4.82	5.03	5.24	10.04	11.30	11.48	10.27	9.92
	3.84	3.17	3.98	4.96	7.20	6.95	8.06	8.29	8.74
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	92.37	92.01	91.00	89.80	82.75	81.74	80.45	81.44	81.35

Documents

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

2026-09-10

Amalgamation/Merger

2026-09-10 - Indegene Limited has informed the Exchange about Amalgamation/Merger of Indirect Wholly Owned Subsidiaries of the Company in Germany

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - Indegene Limited has informed the Exchange about Schedule of meet

2026-08-31

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-31 - Indegene Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-19

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - Indegene Limited has informed the Exchange about Schedule of meet

2026-08-19

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-19 - Indegene Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-17

General Updates

2026-08-17 - Indegene Limited has informed the Exchange about the Transcript of the 28th Annual General Meeting held on August 13, 2026

2026-08-17

Change in Director(s)

2026-08-17 - Indegene Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-08-17

Shareholders meeting

2026-08-17 - Indegene Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 13, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Indegene Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for INDGN

Loading news…

🤖

AI Stock Analyst

Indegene Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

PFOCUS

310.60

209.28

24188.72

0.00

-457.78

-514.43

12668.15

1196.88

2.74

23.76

SAGILITY

45.15

21.28

21136.20

0.33

216.81

45.94

1963.48

27.59

13.82

22.32

HORIZONIND

55.65

244.03

16043.35

0.00

-116.27

—

2005.46

—

3.32

80.26

SYNGENE

382.65

69.89

15446.40

0.33

-9.00

-110.38

736.00

-15.84

9.48

12.34

INDGN

578.05

34.74

13929.08

0.39

116.20

-0.17

1063.10

39.73

18.92

16.39

IGIL

314.20

22.27

13578.46

1.59

165.74

30.98

370.78

23.22

77.00

60.35

NESCO

1102.75

18.65

7769.97

0.63

99.96

3.97

211.80

9.55

19.23

48.33

LEAPIND

144.55

102.15

6367.95

0.00

247.33

—

2034.13

—

9.32

51.19

SPARC

196.10

4.02

6363.87

0.00

-20.78

59.94

39.92

314.11

163.94

-85.17

SMARTWORKS

530.60

217.74

6069.06

0.00

13.15

413.27

546.25

44.05

61.12

63.33

JUSTDIAL

665.10

15.59

5656.61

0.00

115.74

38.44

270.27

16.23

12.88

26.17

LATENTVIEW

252.50

26.76

5228.85

0.00

47.10

-6.84

286.88

21.55

16.69

19.76

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

608

636

673

676

687

720

756

761

804

942

1,003

1,063

511

515

524

534

548

561

589

608

606

664

783

840

939

Operating Profit

121

149

139

129

126

132

148

155

141

160

164

124

OPM %

15.93%

19.05%

22.11%

20.61%

19.05%

18.36%

18.30%

19.52%

20.41%

17.48%

16.93%

16.30%

11.64%

-10

Interest

Depreciation

Profit before Tax

101

132

134

120

124

146

149

152

133

135

105

153

Tax %

26.05%

25.45%

25.32%

28.99%

26.67%

26.11%

25.02%

21.23%

23.47%

23.29%

23.61%

24.17%

23.90%

Net Profit

110

118

116

102

103

116

3.09

3.38

4.45

4.27

3.79

3.84

4.59

4.91

4.86

4.26

4.29

3.32

4.84

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

472

475

553

643

966

1,665

2,306

2,590

2,839

3,510

3,813

402

447

511

499

736

1,378

1,910

2,084

2,305

2,892

3,225

Operating Profit

144

231

287

396

505

534

619

587

OPM %

14.87%

5.93%

7.56%

22.34%

23.86%

17.24%

17.17%

19.52%

18.82%

17.63%

15.41%

-40

-21

107

Interest

Depreciation

126

149

Profit before Tax

231

226

363

459

539

525

526

Tax %

7.58%

62.91%

45.21%

34.66%

19.78%

28.11%

26.69%

26.58%

24.59%

23.60%

23.73%

Net Profit

186

163

266

337

407

401

EPS

211.03

14.59

49.92

-40.08

7.01

7.46

11.97

15.17

16.98

16.68

—

Dividend Payout %

0.00%

11.78%

13.49%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Minority Interest

-110

320

758

1,002

1,353

2,532

3,044

565

130

616

472

308

Trade Payables

118

181

147

174

141

-38

122

322

402

487

476

962

Total Liabilities

310

308

326

562

559

1,284

2,137

2,475

3,236

4,544

104

119

138

664

646

678

1,812

Capital Work in Progress

120

614

796

1,290

1,100

648

751

982

Cash & Bank

180

140

517

191

375

382

210

224

185

249

333

509

773

194

139

257

Total Assets

310

308

326

562

559

1,284

2,137

2,475

3,236

4,544

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

222

367

238

508

442

651

Cash from Investing

-77

-21

-19

-18

-24

-160

-893

-327

-683

-512

Cash from Financing

-12

-21

136

-132

233

333

-66

288

-83

-9

140

370

-430

114

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Promoters

0.00

3.79

4.82

5.03

5.24

10.04

11.30

11.48

10.27

9.92

3.84

3.17

3.98

4.96

7.20

6.95

8.06

8.29

8.74

Government

0.00

92.37

92.01

91.00

89.80

82.75

81.74

80.45

81.44

81.35

Indegene Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Indegene Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI