Indegene Ltd.
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ABOUT
AI Sector View
AI GENERATEDHealthcare
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.
PROS
- Company is almost debt free
- Latest quarter profit grew 32.8% YoY, showing strong momentum
- Company has delivered good sales growth of 19.0% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.23x)
CONS
- Recent results are weak - TTM profit is down 13.5% versus prior year
- A large part of profit comes from other income (28.4% of PBT)
- Stock is trading at 5.1x its book value
- Expensive relative to growth - PEG of 3.5
- Rich enterprise valuation - EV/EBITDA of 31.6x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| 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 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 252 | 260 | 260 | 272 | 259 | 282 | 287 | 267 | 256 | 307 | 290 | 368 | 341 | |
| 215 | 217 | 223 | 226 | 219 | 235 | 235 | 227 | 219 | 236 | 252 | 265 | 295 | |
| Operating Profit | 38 | 43 | 37 | 46 | 40 | 46 | 52 | 40 | 37 | 71 | 38 | 103 | 46 |
| OPM % | 14.89% | 16.66% | 14.23% | 17.03% | 15.27% | 16.47% | 18.10% | 14.85% | 14.36% | 23.02% | 13.00% | 28.00% | 13.53% |
| 12 | 6 | 12 | 23 | 14 | 22 | 22 | 35 | 32 | 18 | 23 | 6 | 34 | |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 |
| Depreciation | 9 | 8 | 6 | 8 | 7 | 6 | 6 | 7 | 7 | 9 | 10 | 11 | 11 |
| Profit before Tax | 39 | 39 | 41 | 60 | 45 | 61 | 66 | 66 | 60 | 78 | 49 | 95 | 80 |
| Tax % | 24.30% | 25.63% | 27.45% | 19.04% | 27.72% | 26.56% | 24.51% | 18.37% | 24.58% | 22.71% | 28.98% | 24.26% | 25.12% |
| Net Profit | 30 | 29 | 30 | 49 | 33 | 45 | 50 | 54 | 45 | 60 | 35 | 72 | 60 |
| 1.34 | 1.32 | 1.34 | 2.20 | 1.41 | 1.88 | 2.09 | 2.26 | 1.88 | 2.50 | 1.45 | 3.00 | 2.49 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 192 | 198 | 282 | 334 | 511 | 837 | 1,006 | 1,046 | 1,094 | 1,221 | 1,306 | |
| 160 | 202 | 230 | 249 | 361 | 668 | 828 | 878 | 913 | 974 | 1,048 | |
| Operating Profit | 33 | -4 | 52 | 86 | 150 | 169 | 178 | 168 | 181 | 246 | 258 |
| OPM % | 17.01% | -1.87% | 18.48% | 25.68% | 29.35% | 20.16% | 17.66% | 16.07% | 16.51% | 20.19% | 19.72% |
| 3 | 7 | 12 | -29 | 28 | 28 | 37 | 50 | 90 | 80 | 80 | |
| Interest | 1 | 1 | 1 | 3 | 4 | 3 | 6 | 7 | 6 | 9 | 10 |
| Depreciation | 4 | 4 | 4 | 13 | 18 | 24 | 32 | 31 | 26 | 36 | 40 |
| Profit before Tax | 31 | -1 | 59 | 41 | 156 | 170 | 177 | 181 | 238 | 281 | 302 |
| Tax % | 4.04% | -480.92% | 14.03% | 33.99% | 17.20% | 21.90% | 26.27% | 23.64% | 23.98% | 24.70% | 24.86% |
| Net Profit | 30 | -6 | 51 | 27 | 130 | 133 | 130 | 138 | 181 | 212 | 227 |
| EPS | 149.28 | -79.64 | 271.82 | 200.31 | 6.19 | 6.01 | 5.86 | 6.21 | 7.57 | 8.81 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 26.42% | 25.54% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 23%
- 5 Years:
- 19%
- 3 Years:
- 7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 22%
- 5 Years:
- 10%
- 3 Years:
- 18%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 2%
RETURN ON EQUITY
- 10 Years:
- 30%
- 5 Years:
- 18%
- 3 Years:
- 13%
- Last Year:
- 11%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 44 | 44 | 48 | 48 | |
| 109 | 104 | 155 | -8 | 249 | 644 | 733 | 878 | 1,804 | 1,986 | |
| 5 | 10 | 28 | 353 | 12 | 33 | 38 | 25 | 14 | 62 | |
| Trade Payables | 25 | 21 | 25 | 34 | 43 | 26 | 24 | 57 | 35 | 33 |
| 103 | 106 | 112 | 35 | 50 | 137 | 184 | 200 | 228 | 329 | |
| Total Liabilities | 242 | 241 | 319 | 414 | 354 | 840 | 1,024 | 1,205 | 2,128 | 2,458 |
| 9 | 8 | 8 | 31 | 41 | 72 | 78 | 56 | 53 | 113 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 12 |
| 90 | 72 | 134 | 251 | 83 | 203 | 400 | 624 | 975 | 1,318 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 378 | 418 | 288 | |
| Cash & Bank | 4 | 5 | 15 | 36 | 18 | 39 | 54 | 16 | 164 | 130 |
| 139 | 156 | 162 | 95 | 212 | 525 | 491 | 132 | 515 | 598 | |
| Total Assets | 242 | 241 | 319 | 414 | 354 | 840 | 1,024 | 1,205 | 2,128 | 2,458 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 51 | 9 | 76 | 104 | 79 | 74 | 124 | 176 | 129 | 346 | |
| Cash from Investing | -35 | -8 | -70 | -51 | -33 | -267 | -48 | -188 | -825 | -272 |
| Cash from Financing | -5 | 3 | 15 | -18 | -37 | 245 | -17 | -16 | 717 | -63 |
| 1 | 0 | 8 | 20 | -17 | 16 | 17 | -27 | 22 | 11 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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 - Indegene Limited has informed the Exchange about Schedule of meet
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 - Indegene Limited has informed the Exchange about Schedule of meet
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 - Indegene Limited has informed the Exchange about the Transcript of the 28th Annual General Meeting held on August 13, 2026
2026-08-17 - Indegene Limited has informed the Exchange regarding Change in Director(s) of the company.
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 - Indegene Limited has informed the Exchange about Schedule of meet
News
Recent coverage and analyst commentary for INDGN
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Indegene Ltd.
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