Indegene Ltd.

•

₹ 567.80.19%

2026-08-21

indegene.comBSE: 544172NSE: INDGN

Market Cap₹ 13,636 Cr.

Current Price₹ 568

High / Low₹ 597 / 414

Stock P/E0.0

Book Value₹ 87

Price to Book5.14

Dividend Yield0.40 %

ROCE14.6 %

ROE10.9 %

Face Value₹ 2

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ABOUT

KEY POINTS

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 2.8
Rich enterprise valuation - EV/EBITDA of 31.6x

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

Peer comparison

EDIT COLUMNS

HealthcareBusiness ServicesBusiness Support

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	PFOCUS	282.55	190.38	22004.26	0.00	-457.78	-514.43	12668.15	1196.88	2.74	23.76
2.	SAGILITY	42.62	20.09	19951.82	0.35	216.81	45.94	1963.48	27.59	13.82	22.32
3.	SYNGENE	395.35	72.21	15959.06	0.32	-9.00	-110.38	736.00	-15.84	9.48	12.34
4.	IGIL	335.75	23.80	14509.76	1.49	165.74	30.98	370.78	23.22	77.00	60.35
5.	INDGN	566.05	34.01	13636.22	0.40	1162.00	898.28	10631.00	1297.34	18.92	16.39
6.	LEAPIND	166.65	117.76	7341.54	0.00	—	—	—	—	9.32	—
7.	NESCO	1030.45	17.59	7260.55	0.68	93.05	5.00	251.62	31.05	19.23	46.86
8.	SPARC	199.45	4.09	6472.58	0.00	-20.78	59.94	39.92	314.11	163.94	-85.17
9.	SMARTWORKS	511.70	209.98	5852.88	0.00	13.15	413.27	546.25	44.05	52.26	63.33
10.	LATENTVIEW	281.75	29.84	5830.11	0.00	47.10	-6.84	286.88	21.55	16.69	19.76
11.	JUSTDIAL	680.05	15.94	5783.76	0.00	115.74	38.44	270.27	16.23	12.88	26.17
12.	INDIQUBE	189.15	0.00	4009.94	0.00	-23.88	35.03	422.69	36.66	54.58	61.15

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
	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	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	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
	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	1	1	2	1	2	2	2	2	2	1	3	0
Equity Capital	44	44	44	44	48	48	48	48	48	48	48	48	48
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	44	44	44	44	48	48	48	48	48	48	48	48	48
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 252
: 215
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 2
Depreciation: 9
: 39
Tax %: 24.30%
Net Profit: 30
: 1
Equity Capital: 44
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 44
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 260
: 217
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 2
Depreciation: 8
: 39
Tax %: 25.63%
Net Profit: 29
: 1
Equity Capital: 44
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 44
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 260
: 223
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 2
Depreciation: 6
: 41
Tax %: 27.45%
Net Profit: 30
: 1
Equity Capital: 44
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 44
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 272
: 226
Operating Profit: —
OPM %: —
Other Income: 23
Interest: 2
Depreciation: 8
: 60
Tax %: 19.04%
Net Profit: 49
: 2
Equity Capital: 44
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 44
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 259
: 219
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 2
Depreciation: 7
: 45
Tax %: 27.72%
Net Profit: 33
: 1
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 282
: 235
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 2
Depreciation: 6
: 61
Tax %: 26.56%
Net Profit: 45
: 2
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 287
: 235
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 2
Depreciation: 6
: 66
Tax %: 24.51%
Net Profit: 50
: 2
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 267
: 227
Operating Profit: —
OPM %: —
Other Income: 35
Interest: 2
Depreciation: 7
: 66
Tax %: 18.37%
Net Profit: 54
: 2
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 256
: 219
Operating Profit: —
OPM %: —
Other Income: 32
Interest: 2
Depreciation: 7
: 60
Tax %: 24.58%
Net Profit: 45
: 2
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 307
: 236
Operating Profit: —
OPM %: —
Other Income: 18
Interest: 2
Depreciation: 9
: 78
Tax %: 22.71%
Net Profit: 60
: 2
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 290
: 252
Operating Profit: —
OPM %: —
Other Income: 23
Interest: 2
Depreciation: 10
: 49
Tax %: 28.98%
Net Profit: 35
: 1
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 368
: 265
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 3
Depreciation: 11
: 95
Tax %: 24.26%
Net Profit: 72
: 3
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 341
: 295
Operating Profit: —
OPM %: —
Other Income: 34
Interest: 3
Depreciation: 11
: 80
Tax %: 25.12%
Net Profit: 60
: 0
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

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	36	4	64	101	174	196	215	218	271	326	—
OPM %	19	2	23	30	34	23	21	21	25	27	—
Other Income	3	7	12	15	24	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
	31	-1	59	41	156	170	177	181	238	281	302
Tax %	4	-481	14	34	17	22	26	24	24	25	25
Net Profit	30	-6	51	27	130	133	130	138	181	212	227
EPS	149	-80	272	200	6	6	6	6	8	9	—
Dividend Payout %	0	0	0	0	0	0	0	0	26	26	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	2	-0	3	1	7	5	6	6	8	9	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	2	-0	3	1	7	5	6	6	8	9	—

Mar 2017

: 192
: 160
Operating Profit: 36
OPM %: 19
Other Income: 3
Interest: 1
Depreciation: 4
: 31
Tax %: 4
Net Profit: 30
EPS: 149
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2018

: 198
: 202
Operating Profit: 4
OPM %: 2
Other Income: 7
Interest: 1
Depreciation: 4
: -1
Tax %: -481
Net Profit: -6
EPS: -80
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2019

: 282
: 230
Operating Profit: 64
OPM %: 23
Other Income: 12
Interest: 1
Depreciation: 4
: 59
Tax %: 14
Net Profit: 51
EPS: 272
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2020

: 334
: 249
Operating Profit: 101
OPM %: 30
Other Income: 15
Interest: 3
Depreciation: 13
: 41
Tax %: 34
Net Profit: 27
EPS: 200
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2021

: 511
: 361
Operating Profit: 174
OPM %: 34
Other Income: 24
Interest: 4
Depreciation: 18
: 156
Tax %: 17
Net Profit: 130
EPS: 6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2022

: 837
: 668
Operating Profit: 196
OPM %: 23
Other Income: 28
Interest: 3
Depreciation: 24
: 170
Tax %: 22
Net Profit: 133
EPS: 6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2023

: 1,006
: 828
Operating Profit: 215
OPM %: 21
Other Income: 37
Interest: 6
Depreciation: 32
: 177
Tax %: 26
Net Profit: 130
EPS: 6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2024

: 1,046
: 878
Operating Profit: 218
OPM %: 21
Other Income: 50
Interest: 7
Depreciation: 31
: 181
Tax %: 24
Net Profit: 138
EPS: 6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2025

: 1,094
: 913
Operating Profit: 271
OPM %: 25
Other Income: 90
Interest: 6
Depreciation: 26
: 238
Tax %: 24
Net Profit: 181
EPS: 8
Dividend Payout %: 26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2026

: 1,221
: 974
Operating Profit: 326
OPM %: 27
Other Income: 80
Interest: 9
Depreciation: 36
: 281
Tax %: 25
Net Profit: 212
EPS: 9
Dividend Payout %: 26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9

TTM

: 1,306
: 1,048
Operating Profit: —
OPM %: —
Other Income: 80
Interest: 10
Depreciation: 40
: 302
Tax %: 25
Net Profit: 227
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

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:: -1%

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
LIABILITIES	-	-	-	-	-	-	-	-	-	-
	0	0	0	0	0	0	44	44	48	48
	109	104	155	-8	249	644	733	878	1,804	1,986
	2	9	28	21	0	0	0	0	0	0
Trade Payables	25	21	25	34	43	26	24	57	35	33
	105	107	112	367	62	170	222	225	241	391
Total Liabilities	242	241	319	414	354	840	1,024	1,205	2,128	2,458
ASSETS	-	-	-	-	-	-	-	-	-	-
	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
Total Debt	7	11	28	337	0	0	0	0	0	0
Net Working Capital	32	47	28	25	125	394	534	553	1,028	1,001
Contingent Liabilities	0	0	0	0	0	0	10	1	0	0
Book Value per Share	702.23	665.98	990.66	-53.33	1663.33	3221.00	35.10	41.55	77.33	84.59
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	7	11	28	337	0	0	0	0	0	0
Net Working Capital	32	47	28	25	125	394	534	553	1,028	1,001
Contingent Liabilities	0	0	0	0	0	0	10	1	0	0
Book Value per Share	702.23	665.98	990.66	-53.33	1663.33	3221.00	35.10	41.55	77.33	84.59
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2017

: 0
: 109
: 2
Trade Payables: 25
: 105
Total Liabilities: 242
: 9
Capital Work in Progress: 0
: 90
: 0
Cash & Bank: 4
: 139
Total Assets: 242
Total Debt: 7
Net Working Capital: 32
Contingent Liabilities: 0
Book Value per Share: 702.23
Face Value: 2.00
Total Debt: 7
Net Working Capital: 32
Contingent Liabilities: 0
Book Value per Share: 702.23
Face Value: 2.00

Mar 2018

: 0
: 104
: 9
Trade Payables: 21
: 107
Total Liabilities: 241
: 8
Capital Work in Progress: 0
: 72
: 0
Cash & Bank: 5
: 156
Total Assets: 241
Total Debt: 11
Net Working Capital: 47
Contingent Liabilities: 0
Book Value per Share: 665.98
Face Value: 2.00
Total Debt: 11
Net Working Capital: 47
Contingent Liabilities: 0
Book Value per Share: 665.98
Face Value: 2.00

Mar 2019

: 0
: 155
: 28
Trade Payables: 25
: 112
Total Liabilities: 319
: 8
Capital Work in Progress: 0
: 134
: 0
Cash & Bank: 15
: 162
Total Assets: 319
Total Debt: 28
Net Working Capital: 28
Contingent Liabilities: 0
Book Value per Share: 990.66
Face Value: 2.00
Total Debt: 28
Net Working Capital: 28
Contingent Liabilities: 0
Book Value per Share: 990.66
Face Value: 2.00

Mar 2020

: 0
: -8
: 21
Trade Payables: 34
: 367
Total Liabilities: 414
: 31
Capital Work in Progress: 0
: 251
: 0
Cash & Bank: 36
: 95
Total Assets: 414
Total Debt: 337
Net Working Capital: 25
Contingent Liabilities: 0
Book Value per Share: -53.33
Face Value: 2.00
Total Debt: 337
Net Working Capital: 25
Contingent Liabilities: 0
Book Value per Share: -53.33
Face Value: 2.00

Mar 2021

: 0
: 249
: 0
Trade Payables: 43
: 62
Total Liabilities: 354
: 41
Capital Work in Progress: 0
: 83
: 0
Cash & Bank: 18
: 212
Total Assets: 354
Total Debt: 0
Net Working Capital: 125
Contingent Liabilities: 0
Book Value per Share: 1663.33
Face Value: 2.00
Total Debt: 0
Net Working Capital: 125
Contingent Liabilities: 0
Book Value per Share: 1663.33
Face Value: 2.00

Mar 2022

: 0
: 644
: 0
Trade Payables: 26
: 170
Total Liabilities: 840
: 72
Capital Work in Progress: 0
: 203
: 0
Cash & Bank: 39
: 525
Total Assets: 840
Total Debt: 0
Net Working Capital: 394
Contingent Liabilities: 0
Book Value per Share: 3221.00
Face Value: 2.00
Total Debt: 0
Net Working Capital: 394
Contingent Liabilities: 0
Book Value per Share: 3221.00
Face Value: 2.00

Mar 2023

: 44
: 733
: 0
Trade Payables: 24
: 222
Total Liabilities: 1,024
: 78
Capital Work in Progress: 0
: 400
: 0
Cash & Bank: 54
: 491
Total Assets: 1,024
Total Debt: 0
Net Working Capital: 534
Contingent Liabilities: 10
Book Value per Share: 35.10
Face Value: 2.00
Total Debt: 0
Net Working Capital: 534
Contingent Liabilities: 10
Book Value per Share: 35.10
Face Value: 2.00

Mar 2024

: 44
: 878
: 0
Trade Payables: 57
: 225
Total Liabilities: 1,205
: 56
Capital Work in Progress: 0
: 624
: 378
Cash & Bank: 16
: 132
Total Assets: 1,205
Total Debt: 0
Net Working Capital: 553
Contingent Liabilities: 1
Book Value per Share: 41.55
Face Value: 2.00
Total Debt: 0
Net Working Capital: 553
Contingent Liabilities: 1
Book Value per Share: 41.55
Face Value: 2.00

Mar 2025

: 48
: 1,804
: 0
Trade Payables: 35
: 241
Total Liabilities: 2,128
: 53
Capital Work in Progress: 4
: 975
: 418
Cash & Bank: 164
: 515
Total Assets: 2,128
Total Debt: 0
Net Working Capital: 1,028
Contingent Liabilities: 0
Book Value per Share: 77.33
Face Value: 2.00
Total Debt: 0
Net Working Capital: 1,028
Contingent Liabilities: 0
Book Value per Share: 77.33
Face Value: 2.00

Mar 2026

: 48
: 1,986
: 0
Trade Payables: 33
: 391
Total Liabilities: 2,458
: 113
Capital Work in Progress: 12
: 1,318
: 288
Cash & Bank: 130
: 598
Total Assets: 2,458
Total Debt: 0
Net Working Capital: 1,001
Contingent Liabilities: 0
Book Value per Share: 84.59
Face Value: 2.00
Total Debt: 0
Net Working Capital: 1,001
Contingent Liabilities: 0
Book Value per Share: 84.59
Face Value: 2.00

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
	42	4	62	90	53	38	82	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
Free Cash Flow	37	2	58	53	26	-12	44	176	117	268
OCF / Net Profit	1.40	-0.66	1.23	3.34	0.41	0.29	0.63	1.28	0.71	1.63
Cumulative 5-Year FCF	0	0	0	0	175	127	169	288	352	594
OCF / Net Profit	1.40	-0.66	1.23	3.34	0.41	0.29	0.63	1.28	0.71	1.63
Cumulative 5-Year FCF	0	0	0	0	175	127	169	288	352	594

Mar 2017

: 42
Cash from Investing: -35
Cash from Financing: -5
: 1
Free Cash Flow: 37
OCF / Net Profit: 1.40
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.40
Cumulative 5-Year FCF: 0

Mar 2018

: 4
Cash from Investing: -8
Cash from Financing: 3
: 0
Free Cash Flow: 2
OCF / Net Profit: -0.66
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.66
Cumulative 5-Year FCF: 0

Mar 2019

: 62
Cash from Investing: -70
Cash from Financing: 15
: 8
Free Cash Flow: 58
OCF / Net Profit: 1.23
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.23
Cumulative 5-Year FCF: 0

Mar 2020

: 90
Cash from Investing: -51
Cash from Financing: -18
: 20
Free Cash Flow: 53
OCF / Net Profit: 3.34
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.34
Cumulative 5-Year FCF: 0

Mar 2021

: 53
Cash from Investing: -33
Cash from Financing: -37
: -17
Free Cash Flow: 26
OCF / Net Profit: 0.41
Cumulative 5-Year FCF: 175
OCF / Net Profit: 0.41
Cumulative 5-Year FCF: 175

Mar 2022

: 38
Cash from Investing: -267
Cash from Financing: 245
: 16
Free Cash Flow: -12
OCF / Net Profit: 0.29
Cumulative 5-Year FCF: 127
OCF / Net Profit: 0.29
Cumulative 5-Year FCF: 127

Mar 2023

: 82
Cash from Investing: -48
Cash from Financing: -17
: 17
Free Cash Flow: 44
OCF / Net Profit: 0.63
Cumulative 5-Year FCF: 169
OCF / Net Profit: 0.63
Cumulative 5-Year FCF: 169

Mar 2024

: 176
Cash from Investing: -188
Cash from Financing: -16
: -27
Free Cash Flow: 176
OCF / Net Profit: 1.28
Cumulative 5-Year FCF: 288
OCF / Net Profit: 1.28
Cumulative 5-Year FCF: 288

Mar 2025

: 129
Cash from Investing: -825
Cash from Financing: 717
: 22
Free Cash Flow: 117
OCF / Net Profit: 0.71
Cumulative 5-Year FCF: 352
OCF / Net Profit: 0.71
Cumulative 5-Year FCF: 352

Mar 2026

: 346
Cash from Investing: -272
Cash from Financing: -63
: 11
Free Cash Flow: 268
OCF / Net Profit: 1.63
Cumulative 5-Year FCF: 594
OCF / Net Profit: 1.63
Cumulative 5-Year FCF: 594

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
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	189.75	-41.45	324.21	178.67	863.33	663.50	5.88	6.21	7.57	8.81
Book Value (₹)	702.23	665.98	990.66	-53.33	1663.33	3221.00	35.10	41.55	77.33	84.59
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.00	2.25
Cash EPS (₹)	1.69	-0.13	2.78	2.13	7.78	6.20	7.31	7.61	8.66	10.32
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	18.62%	1.88%	22.84%	30.22%	34.15%	23.49%	21.35%	16.07%	16.51%	20.19%
Net Margin %	15.38%	-3.27%	17.99%	8.01%	25.34%	15.86%	12.95%	13.19%	16.58%	17.36%
ROE %	31.32%	-6.07%	39.18%	36.43%	107.25%	29.70%	18.32%	16.22%	13.07%	10.90%
ROCE %	17.60%	-0.07%	26.17%	14.69%	54.43%	38.26%	25.32%	21.41%	17.22%	14.62%
	13.30%	-2.69%	18.14%	7.31%	33.71%	22.23%	13.97%	12.37%	10.88%	9.24%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	98	107	76	60	84	114	136	136	133	106
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	98	107	76	60	84	114	136	136	133	106
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.04x	0.06x	0.12x	-42.09x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	22.64x	-0.15x	43.29x	12.94x	45.69x	57.63x	28.59x	28.36x	39.47x	33.34x
	1.74x	1.97x	1.37x	1.26x	2.34x	3.80x	4.15x	3.79x	6.43x	4.66x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	24.86%	2.97%	42.55%	18.52%	52.77%	63.74%	20.20%	3.97%	4.59%	11.61%
Operating Profit Growth %	13.33%	-89.63%	1635.28%	56.85%	72.60%	12.61%	9.26%	1.68%	24.10%	20.49%
Net Profit Growth %	3.80%	-121.89%	884.07%	-47.21%	383.21%	2.47%	-1.88%	5.91%	31.47%	16.88%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.68%	21.87%	16.39%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	76.39x	49.32x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.48x	5.14x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.35%	0.52%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.13x	50.52x	31.62x

Mar 2017

EPS (₹): 189.75
Book Value (₹): 702.23
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.69
Operating Margin %: 18.62%
Net Margin %: 15.38%
ROE %: 31.32%
ROCE %: 17.60%
: 13.30%
Debtor Days: 98
Inventory Days: 0
Payable Days: 0
: 98
Debt to Equity (x): 0.04x
Interest Coverage (x): 22.64x
: 1.74x
Revenue Growth %: 24.86%
Operating Profit Growth %: 13.33%
Net Profit Growth %: 3.80%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): -41.45
Book Value (₹): 665.98
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.13
Operating Margin %: 1.88%
Net Margin %: -3.27%
ROE %: -6.07%
ROCE %: -0.07%
: -2.69%
Debtor Days: 107
Inventory Days: 0
Payable Days: 0
: 107
Debt to Equity (x): 0.06x
Interest Coverage (x): -0.15x
: 1.97x
Revenue Growth %: 2.97%
Operating Profit Growth %: -89.63%
Net Profit Growth %: -121.89%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 324.21
Book Value (₹): 990.66
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.78
Operating Margin %: 22.84%
Net Margin %: 17.99%
ROE %: 39.18%
ROCE %: 26.17%
: 18.14%
Debtor Days: 76
Inventory Days: 0
Payable Days: 0
: 76
Debt to Equity (x): 0.12x
Interest Coverage (x): 43.29x
: 1.37x
Revenue Growth %: 42.55%
Operating Profit Growth %: 1635.28%
Net Profit Growth %: 884.07%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 178.67
Book Value (₹): -53.33
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.13
Operating Margin %: 30.22%
Net Margin %: 8.01%
ROE %: 36.43%
ROCE %: 14.69%
: 7.31%
Debtor Days: 60
Inventory Days: 0
Payable Days: 0
: 60
Debt to Equity (x): -42.09x
Interest Coverage (x): 12.94x
: 1.26x
Revenue Growth %: 18.52%
Operating Profit Growth %: 56.85%
Net Profit Growth %: -47.21%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 863.33
Book Value (₹): 1663.33
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.78
Operating Margin %: 34.15%
Net Margin %: 25.34%
ROE %: 107.25%
ROCE %: 54.43%
: 33.71%
Debtor Days: 84
Inventory Days: 0
Payable Days: 0
: 84
Debt to Equity (x): 0.00x
Interest Coverage (x): 45.69x
: 2.34x
Revenue Growth %: 52.77%
Operating Profit Growth %: 72.60%
Net Profit Growth %: 383.21%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 663.50
Book Value (₹): 3221.00
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.20
Operating Margin %: 23.49%
Net Margin %: 15.86%
ROE %: 29.70%
ROCE %: 38.26%
: 22.23%
Debtor Days: 114
Inventory Days: 0
Payable Days: 0
: 114
Debt to Equity (x): 0.00x
Interest Coverage (x): 57.63x
: 3.80x
Revenue Growth %: 63.74%
Operating Profit Growth %: 12.61%
Net Profit Growth %: 2.47%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 5.88
Book Value (₹): 35.10
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.31
Operating Margin %: 21.35%
Net Margin %: 12.95%
ROE %: 18.32%
ROCE %: 25.32%
: 13.97%
Debtor Days: 136
Inventory Days: 0
Payable Days: 0
: 136
Debt to Equity (x): 0.00x
Interest Coverage (x): 28.59x
: 4.15x
Revenue Growth %: 20.20%
Operating Profit Growth %: 9.26%
Net Profit Growth %: -1.88%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 6.21
Book Value (₹): 41.55
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.61
Operating Margin %: 16.07%
Net Margin %: 13.19%
ROE %: 16.22%
ROCE %: 21.41%
: 12.37%
Debtor Days: 136
Inventory Days: 0
Payable Days: 0
: 136
Debt to Equity (x): 0.00x
Interest Coverage (x): 28.36x
: 3.79x
Revenue Growth %: 3.97%
Operating Profit Growth %: 1.68%
Net Profit Growth %: 5.91%
: 5.68%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.13x

Mar 2025

EPS (₹): 7.57
Book Value (₹): 77.33
Dividend per Share (₹): 2.00
Cash EPS (₹): 8.66
Operating Margin %: 16.51%
Net Margin %: 16.58%
ROE %: 13.07%
ROCE %: 17.22%
: 10.88%
Debtor Days: 133
Inventory Days: 0
Payable Days: 0
: 133
Debt to Equity (x): 0.00x
Interest Coverage (x): 39.47x
: 6.43x
Revenue Growth %: 4.59%
Operating Profit Growth %: 24.10%
Net Profit Growth %: 31.47%
: 21.87%
P/E (x): 76.39x
P/B (x): 7.48x
Dividend Yield %: 0.35%
: 50.52x

Mar 2026

EPS (₹): 8.81
Book Value (₹): 84.59
Dividend per Share (₹): 2.25
Cash EPS (₹): 10.32
Operating Margin %: 20.19%
Net Margin %: 17.36%
ROE %: 10.90%
ROCE %: 14.62%
: 9.24%
Debtor Days: 106
Inventory Days: 0
Payable Days: 0
: 106
Debt to Equity (x): 0.00x
Interest Coverage (x): 33.34x
: 4.66x
Revenue Growth %: 11.61%
Operating Profit Growth %: 20.49%
Net Profit Growth %: 16.88%
: 16.39%
P/E (x): 49.32x
P/B (x): 5.14x
Dividend Yield %: 0.52%
: 31.62x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Jun 2024

Promoters: 0.00
: 3.79
: 3.84
Government: 0.00
: 92.37

Sep 2024

Promoters: 0.00
: 4.82
: 3.17
Government: 0.00
: 92.01

Dec 2024

Promoters: 0.00
: 5.03
: 3.98
Government: 0.00
: 91.00

Mar 2025

Promoters: 0.00
: 5.24
: 4.96
Government: 0.00
: 89.80

Jun 2025

Promoters: 0.00
: 10.04
: 7.20
Government: 0.00
: 82.75

Sep 2025

Promoters: 0.00
: 11.30
: 6.95
Government: 0.00
: 81.74

Dec 2025

Promoters: 0.00
: 11.48
: 8.06
Government: 0.00
: 80.45

Mar 2026

Promoters: 0.00
: 10.27
: 8.29
Government: 0.00
: 81.44

Jun 2026

Promoters: 0.00
: 9.92
: 8.74
Government: 0.00
: 81.35

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-19 - Indegene Limited has informed the Exchange about Schedule of meet
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

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
TranscriptPPTREC
Jul 2026
TranscriptPPTREC
May 2026
Transcript PPTREC