Dr Reddys Laboratories Ltd
Dr. Reddy's Laboratories Ltd is a leading India-based pharmaceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.
- Market Cap ₹ 1,08,798 Cr.
- Current Price ₹ 1,304
- High / Low ₹ 1,380 / 1,148
- Stock P/E 33.8
- Book Value ₹ 376
- Dividend Yield 0.61 %
- ROCE 12.7 %
- ROE 10.7 %
- Face Value ₹ 1.00
Pros
Cons
- The company has delivered a poor sales growth of 8.99% over past five years.
- Earnings include an other income of Rs.1,690 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals
Part of Nifty 50 BSE 500 BSE Healthcare BSE 100 BSE 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10,011 | 10,292 | 9,720 | 9,359 | 10,626 | 11,850 | 13,349 | 14,405 | 16,962 | 19,484 | 23,115 | 20,533 | |
| 7,608 | 8,219 | 7,899 | 7,990 | 8,290 | 8,967 | 10,212 | 11,803 | 12,724 | 13,557 | 15,691 | 16,615 | |
| Operating Profit | 2,403 | 2,073 | 1,820 | 1,370 | 2,336 | 2,883 | 3,137 | 2,602 | 4,238 | 5,926 | 7,425 | 3,917 |
| OPM % | 24% | 20% | 19% | 15% | 22% | 24% | 24% | 18% | 25% | 30% | 32% | 19% |
| 211 | 317 | 516 | 164 | 202 | 730 | 801 | 474 | 568 | 862 | 961 | 1,690 | |
| Interest | 64 | 64 | 57 | 63 | 57 | 48 | 47 | 38 | 17 | 22 | 110 | 148 |
| Depreciation | 490 | 650 | 735 | 774 | 781 | 789 | 835 | 814 | 923 | 976 | 1,039 | 1,207 |
| Profit before tax | 2,060 | 1,677 | 1,544 | 697 | 1,701 | 2,776 | 3,056 | 2,224 | 3,866 | 5,791 | 7,236 | 4,251 |
| Tax % | 18% | 18% | 10% | 19% | 25% | -6% | 28% | 27% | 32% | 25% | 26% | 24% |
| 1,679 | 1,374 | 1,384 | 567 | 1,277 | 2,938 | 2,186 | 1,623 | 2,613 | 4,342 | 5,349 | 3,220 | |
| EPS in Rs | 19.71 | 16.11 | 16.70 | 6.83 | 15.38 | 35.36 | 26.29 | 19.51 | 31.38 | 52.06 | 64.11 | 38.58 |
| Dividend Payout % | 20% | 25% | 24% | 59% | 26% | 14% | 19% | 31% | 26% | 15% | 12% | 21% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 9% |
| 3 Years: | 7% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 12% |
| 3 Years: | 7% |
| TTM: | -40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 4% |
| 3 Years: | 12% |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 15% |
| 3 Years: | 16% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 85 | 85 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 84 |
| Reserves | 10,549 | 11,993 | 11,518 | 11,725 | 12,601 | 15,109 | 16,900 | 18,253 | 20,391 | 24,157 | 28,773 | 31,282 |
| 3,126 | 3,085 | 2,355 | 2,589 | 1,065 | 1,457 | 1,214 | 2,205 | 51 | 793 | 3,493 | 5,737 | |
| 2,696 | 2,422 | 2,491 | 2,704 | 2,499 | 2,827 | 3,431 | 3,954 | 4,850 | 5,326 | 5,941 | 6,500 | |
| Total Liabilities | 16,456 | 17,585 | 16,447 | 17,100 | 16,248 | 19,476 | 21,630 | 24,496 | 25,375 | 30,359 | 38,291 | 43,602 |
| 3,249 | 4,438 | 4,842 | 4,717 | 4,683 | 4,434 | 5,844 | 6,150 | 7,195 | 7,589 | 8,232 | 10,730 | |
| CWIP | 488 | 616 | 540 | 675 | 400 | 412 | 901 | 1,200 | 924 | 1,211 | 2,197 | 1,369 |
| Investments | 3,862 | 5,076 | 3,102 | 3,636 | 3,934 | 5,486 | 4,649 | 4,937 | 7,440 | 7,321 | 13,194 | 15,595 |
| 8,856 | 7,455 | 7,963 | 8,072 | 7,231 | 9,145 | 10,235 | 12,208 | 9,815 | 14,239 | 14,668 | 15,908 | |
| Total Assets | 16,456 | 17,585 | 16,447 | 17,100 | 16,248 | 19,476 | 21,630 | 24,496 | 25,375 | 30,359 | 38,291 | 43,602 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,786 | 2,747 | 1,016 | 1,539 | 2,762 | 1,839 | 3,514 | 1,339 | 5,053 | 3,450 | 4,225 | 4,660 | |
| -2,031 | -1,919 | 1,430 | -1,180 | -546 | -1,689 | -1,454 | -1,990 | -3,403 | -3,429 | -5,697 | -5,785 | |
| 189 | -693 | -2,582 | -304 | -2,223 | -224 | -794 | 506 | -2,697 | 68 | 1,591 | 1,117 | |
| Net Cash Flow | -56 | 135 | -135 | 54 | -8 | -74 | 1,266 | -146 | -1,047 | 89 | 118 | -7 |
| Free Cash Flow | 832 | 1,665 | 33 | 753 | 2,197 | 1,371 | 2,910 | -18 | 3,506 | 1,944 | 1,791 | 1,846 |
| CFO/OP | 94% | 152% | 74% | 125% | 128% | 80% | 126% | 70% | 138% | 80% | 78% | 143% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 172 | 138 | 165 | 164 | 128 | 143 | 112 | 125 | 92 | 87 | 94 | 73 |
| Inventory Days | 223 | 234 | 256 | 258 | 242 | 224 | 250 | 242 | 219 | 291 | 275 | 268 |
| Days Payable | 93 | 99 | 110 | 147 | 124 | 109 | 118 | 121 | 127 | 148 | 120 | 103 |
| Cash Conversion Cycle | 302 | 273 | 311 | 274 | 246 | 257 | 243 | 247 | 184 | 230 | 250 | 239 |
| Working Capital Days | 99 | 82 | 112 | 98 | 125 | 116 | 95 | 89 | 95 | 130 | 63 | 96 |
| ROCE % | 16% | 12% | 11% | 5% | 12% | 19% | 15% | 12% | 19% | 25% | 26% | 13% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Spend as % of Revenue % |
|
|||||||||||
| ANDA Filings (US) Number |
||||||||||||
| Pending ANDAs (USFDA) Number |
||||||||||||
| Global DMF Filings Number |
||||||||||||
| New Global Product Launches Number |
||||||||||||
| Global Patient Reach Million Patients |
||||||||||||
| R&D Expenditure (Percentage of Turnover) % |
||||||||||||
Extracted by Screener AI
Documents
Announcements
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
1d - Form 20-F for fiscal year ended March 31, 2026 filed with SEC on May 30, 2026.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Dr. Reddy’s filed its Annual Secretarial Compliance Report for year ended March 31, 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 May - Dr. Reddy’s will ring NYSE Closing Bell on May 29, 2026, marking 25 years of NYSE listing.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 27 May
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 May - Transcript of Q4 and FY2026 earnings call held on May 12, 2026 uploaded.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
Concalls
-
May 2026Transcript PPT
-
May 2026TranscriptAI SummaryPPT
-
Jan 2026Transcript PPT REC
-
Jan 2026TranscriptAI SummaryPPT
-
Oct 2025Transcript PPT REC
-
Jul 2025Transcript PPT REC
-
May 2025TranscriptPPTREC
-
Jan 2025TranscriptPPTREC
-
Nov 2024TranscriptPPTREC
-
Aug 2024TranscriptPPT
-
Jul 2024TranscriptPPT
-
May 2024TranscriptPPT
-
Feb 2024TranscriptPPT
-
Nov 2023TranscriptPPT
-
Jul 2023Transcript PPT
-
May 2023TranscriptPPT
-
Jan 2023TranscriptPPT
-
Nov 2022TranscriptPPT
-
Jun 2022Transcript PPT
-
Feb 2022TranscriptPPT
-
Nov 2021TranscriptPPT
-
Aug 2021TranscriptPPT
-
May 2021TranscriptPPT
-
May 2020TranscriptPPT
-
Jan 2020TranscriptPPT
-
Oct 2019TranscriptPPT
-
Jul 2019TranscriptPPT
-
Apr 2017TranscriptPPT
-
Oct 2016TranscriptPPT
-
Jul 2016TranscriptPPT
-
Apr 2016TranscriptPPT
-
Nov 2015TranscriptPPT
Market Leadership: # https://www.bseindia.com/xml-data/corpfiling/AttachHis/95588392-8071-413a-9d78-991bd1d87d4a.pdf#page=13 #}
The company is a player in the Indian Pharmaceutical Market (IPM), ranked No. 10, with strong therapy leadership, including the #1 position in stemmatological and #2 in vaccines. It also has 15 brands featured among the IPM Top 300.