IOL Chemicals And Pharmaceuticals Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Drugs: 60.2% • Chemicals: 39.8%
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 89.9% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.83x)
- Company comfortably covers its interest (13.7x coverage)
- Company generates healthy free cash flow
- Institutional investors have been accumulating - FII+DII up 2.7pp
CONS
- Company has a low return on equity of 7.6% over last 3 years
- Company has a low return on capital employed of 10.6%
- Company has delivered a poor profit growth of -20.9% over past five years
- Valuation is stretched - P/E of 33.8 is well above its own 5-year median (15.5)
- Company has delivered a poor sales growth of 3.3% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMA | 1842.00 | 36.54 | 441957.50 | 0.87 | 2901.23 | 26.53 | 15299.88 | 10.98 | 19.11 | 28.81 |
| DIVISLAB | 9326.00 | 84.64 | 247576.00 | 0.32 | 902.00 | 65.50 | 3080.00 | 27.80 | 21.51 | 40.75 |
| TORNTPHARM | 4975.00 | 86.76 | 189233.01 | 0.76 | 566.00 | 3.28 | 4921.00 | 57.32 | 19.27 | 33.81 |
| ZYDUSLIFE | 1119.50 | 24.74 | 111670.55 | 0.09 | 990.20 | -34.90 | 8017.00 | 23.97 | 21.39 | 24.54 |
| CIPLA | 1365.00 | 32.72 | 110272.68 | 0.95 | 785.55 | -39.18 | 7119.28 | 4.13 | 16.00 | 16.73 |
| LAURUSLABS | 1970.35 | 97.37 | 106460.42 | 0.10 | 362.07 | 123.94 | 2026.31 | 29.10 | 18.20 | 31.50 |
| DRREDDY | 1161.00 | 30.07 | 96906.38 | 0.69 | 435.60 | -69.10 | 8099.80 | -5.21 | 13.75 | 10.63 |
| AUROPHARMA | 1675.45 | 25.97 | 96401.69 | 0.24 | 1032.03 | 25.22 | 9150.35 | 17.44 | 12.76 | 20.54 |
| LUPIN | 2096.00 | 17.34 | 95842.92 | 0.86 | 1416.98 | 16.01 | 8276.89 | 34.28 | 28.86 | 29.59 |
| MANKIND | 2277.00 | 46.04 | 94050.37 | 0.04 | 574.09 | 29.12 | 4030.59 | 12.89 | 13.24 | 26.30 |
| GLENMARK | 2416.90 | 37.94 | 68210.88 | 0.10 | 482.83 | 927.88 | 4018.48 | 31.35 | 20.35 | 20.03 |
| IOLCP | 193.50 | 33.79 | 5679.76 | 0.10 | 64.40 | 89.80 | 756.26 | 37.08 | 10.65 | 13.68 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 563 | 545 | 520 | 504 | 502 | 526 | 523 | 528 | 552 | 568 | 580 | 619 | 756 | |
| 490 | 481 | 476 | 454 | 452 | 484 | 476 | 465 | 490 | 510 | 523 | 527 | 678 | |
| Operating Profit | 73 | 64 | 44 | 50 | 51 | 42 | 47 | 63 | 62 | 57 | 57 | 93 | 79 |
| OPM % | 12.94% | 11.75% | 8.55% | 9.94% | 10.11% | 7.90% | 8.96% | 11.93% | 11.27% | 10.06% | 9.87% | 14.94% | 10.39% |
| 7 | 7 | 8 | 8 | 7 | 6 | 4 | 5 | 7 | 7 | -6 | 2 | 8 | |
| Interest | 4 | 4 | 4 | 3 | 2 | 4 | 4 | 4 | 4 | 3 | 4 | 3 | 4 |
| Depreciation | 14 | 16 | 16 | 16 | 17 | 18 | 19 | 19 | 20 | 20 | 20 | 20 | 21 |
| Profit before Tax | 62 | 51 | 32 | 38 | 39 | 26 | 28 | 45 | 46 | 41 | 28 | 71 | 87 |
| Tax % | 24.90% | 26.05% | 27.95% | 25.36% | 24.34% | 26.18% | 26.13% | 29.58% | 25.43% | 25.96% | 25.30% | 24.92% | 25.69% |
| Net Profit | 46 | 38 | 23 | 28 | 30 | 19 | 21 | 32 | 34 | 30 | 21 | 53 | 64 |
| 7.87 | 6.44 | 3.96 | 0.96 | 1.01 | 0.65 | 0.70 | 1.08 | 1.16 | 1.02 | 0.70 | 1.81 | 2.20 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 711 | 983 | 1,685 | 1,894 | 1,967 | 2,184 | 2,217 | 2,133 | 2,079 | 2,319 | 2,524 | |
| 608 | 864 | 1,276 | 1,321 | 1,375 | 1,928 | 1,991 | 1,901 | 1,877 | 2,050 | 2,238 | |
| Operating Profit | 102 | 120 | 410 | 574 | 592 | 256 | 227 | 232 | 202 | 269 | 286 |
| OPM % | 14.38% | 12.16% | 24.31% | 30.29% | 30.09% | 11.73% | 10.22% | 10.86% | 9.72% | 11.60% | 11.31% |
| 1 | 6 | 10 | 16 | 24 | 18 | 26 | 30 | 22 | 10 | 11 | |
| Interest | 68 | 64 | 51 | 21 | 6 | 8 | 16 | 16 | 15 | 15 | 14 |
| Depreciation | 30 | 30 | 32 | 36 | 39 | 43 | 46 | 63 | 72 | 80 | 82 |
| Profit before Tax | 6 | 31 | 336 | 533 | 571 | 223 | 189 | 183 | 138 | 184 | 226 |
| Tax % | 21.25% | 11.50% | 29.59% | 32.25% | 22.20% | 25.66% | 26.13% | 25.85% | 26.75% | 25.33% | 25.45% |
| Net Profit | 5 | 28 | 237 | 361 | 445 | 166 | 140 | 135 | 101 | 138 | 168 |
| EPS | 0.83 | 4.93 | 42.11 | 63.38 | 76.21 | 28.22 | 23.84 | 23.07 | 3.44 | 4.69 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 4.72% | 7.92% | 14.18% | 16.78% | 21.68% | 23.25% | 4.26% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 15%
- 5 Years:
- 3%
- 3 Years:
- 2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- -21%
- 3 Years:
- -1%
STOCK PRICE CAGR
- 10 Years:
- 21%
- 5 Years:
- 12%
- 3 Years:
- 30%
- 1 Year:
- 75%
RETURN ON EQUITY
- 10 Years:
- 23%
- 5 Years:
- 9%
- 3 Years:
- 8%
- Last Year:
- 8%
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 | 56 | 56 | 57 | 57 | 59 | 59 | 59 | 59 | 59 | 59 |
| 132 | 160 | 408 | 747 | 1,202 | 1,332 | 1,448 | 1,553 | 1,629 | 1,740 | |
| 462 | 452 | 285 | 59 | 2 | 43 | 80 | 33 | 117 | 134 | |
| Trade Payables | 150 | 158 | 120 | 180 | 239 | 409 | 314 | 469 | 428 | 483 |
| 10 | 22 | 140 | 303 | 251 | 179 | 166 | 168 | 178 | 215 | |
| Total Liabilities | 811 | 847 | 1,010 | 1,347 | 1,752 | 2,022 | 2,067 | 2,281 | 2,410 | 2,630 |
| 374 | 406 | 412 | 469 | 512 | 561 | 751 | 933 | 1,170 | 1,181 | |
| Capital Work in Progress | 21 | 7 | 27 | 19 | 48 | 102 | 81 | 100 | 21 | 94 |
| 0 | 0 | 0 | 0 | 1 | 2 | 20 | 21 | 21 | 21 | |
| 263 | 207 | 189 | 188 | 295 | 410 | 326 | 425 | 361 | 371 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 471 | 514 | 603 | |
| Cash & Bank | 17 | 17 | 30 | 155 | 365 | 138 | 21 | 143 | 208 | 198 |
| 136 | 210 | 353 | 516 | 531 | 809 | 867 | 189 | 116 | 162 | |
| Total Assets | 811 | 847 | 1,010 | 1,347 | 1,752 | 2,022 | 2,067 | 2,281 | 2,410 | 2,630 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 84 | 126 | 341 | 588 | 522 | 154 | 170 | 290 | 179 | 214 | |
| Cash from Investing | -23 | -50 | -63 | -184 | -317 | -121 | -119 | -191 | -154 | -198 |
| Cash from Financing | -60 | -70 | -197 | -272 | -58 | -2 | -4 | -92 | 46 | -29 |
| 1 | -1 | 13 | 15 | 4 | -31 | -0 | 7 | 70 | -13 |
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
2026-09-11 - IOL Chemicals and Pharmaceuticals Limited has informed the Exchange about Link of Recording
2026-09-10 - IOL Chemicals and Pharmaceuticals Limited has informed the Exchange about Schedule of meet
2026-09-09 - IOL Chemicals and Pharmaceuticals Limited has informed the Exchange about General Updates
2026-09-02 - Submission of Voting Results along with Scrutinizer s Report with regard to the 39th Annual General Meeting of the Company
2026-09-02 - IOL Chemicals and Pharmaceuticals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 02, 2026
2026-08-26 - IOL Chemicals and Pharmaceuticals Limited has informed the Exchange about Schedule of meet
2026-08-20 - IOL Chemicals and Pharmaceuticals Limited has informed the Exchange about Transcript
2026-08-18 - IOL Chemicals and Pharmaceuticals Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-13 - IOL Chemicals and Pharmaceuticals Limited has informed the Exchange about Link of Recording
News
Recent coverage and analyst commentary for IOLCP
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