Indegene Ltd
Incorporated in 1998, Indegene Ltd provides
solutions consisting of analytics, technology
and commercial, medical, regulatory and
safety services to life science and health
care organizations[1]
- Market Cap ₹ 13,679 Cr.
- Current Price ₹ 568
- High / Low ₹ 597 / 414
- Stock P/E 60.3
- Book Value ₹ 86.4
- Dividend Yield 0.40 %
- ROCE 14.3 %
- ROE 10.7 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 17.3%
- Debtor days have improved from 119 to 86.2 days.
- Company's working capital requirements have reduced from 91.9 days to 50.8 days
Cons
- Company has a low return on equity of 12.0% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 282 | 334 | 511 | 837 | 1,006 | 1,046 | 1,094 | 1,221 | 1,306 | |
| 230 | 249 | 361 | 668 | 828 | 878 | 913 | 972 | 1,034 | |
| Operating Profit | 53 | 86 | 150 | 169 | 178 | 168 | 180 | 248 | 272 |
| OPM % | 19% | 26% | 29% | 20% | 18% | 16% | 17% | 20% | 21% |
| 12 | -24 | 30 | 28 | 37 | 50 | 90 | 78 | 80 | |
| Interest | 1 | 3 | 4 | 3 | 6 | 7 | 6 | 9 | 10 |
| Depreciation | 4 | 13 | 18 | 24 | 32 | 31 | 26 | 36 | 40 |
| Profit before tax | 59 | 46 | 159 | 170 | 177 | 181 | 238 | 281 | 302 |
| Tax % | 14% | 30% | 17% | 22% | 26% | 24% | 24% | 25% | |
| 51 | 32 | 132 | 133 | 130 | 138 | 181 | 212 | 227 | |
| EPS in Rs | 324.22 | 202.30 | 843.58 | 755.26 | 5.87 | 6.20 | 7.55 | 8.80 | 9.42 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 26% | 26% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 7% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 18% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 12% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.31 | 0.30 | 0.30 | 0.40 | 44 | 44 | 48 | 48 |
| Reserves | 158 | -3 | 254 | 650 | 751 | 909 | 1,840 | 2,032 |
| 106 | 362 | 23 | 44 | 51 | 38 | 27 | 70 | |
| 57 | 72 | 96 | 156 | 191 | 228 | 234 | 332 | |
| Total Liabilities | 322 | 431 | 373 | 850 | 1,038 | 1,220 | 2,150 | 2,482 |
| 8 | 31 | 41 | 72 | 78 | 56 | 53 | 113 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 12 |
| Investments | 134 | 251 | 83 | 203 | 400 | 624 | 975 | 1,318 |
| 180 | 148 | 249 | 575 | 559 | 540 | 1,119 | 1,039 | |
| Total Assets | 322 | 431 | 373 | 850 | 1,038 | 1,220 | 2,150 | 2,482 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 62 | 90 | 53 | 38 | 82 | 176 | 129 | 346 | |
| -70 | -51 | -34 | -267 | -51 | -189 | -824 | -270 | |
| 15 | -18 | -37 | 245 | -17 | -16 | 717 | -63 | |
| Net Cash Flow | 8 | 20 | -18 | 16 | 14 | -29 | 22 | 13 |
| Free Cash Flow | 60 | 84 | 35 | 17 | 66 | 166 | 112 | 302 |
| CFO/OP | 145% | 122% | 52% | 44% | 70% | 134% | 111% | 159% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 65 | 65 | 125 | 152 | 145 | 132 | 140 | 86 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 65 | 65 | 125 | 152 | 145 | 132 | 140 | 86 |
| Working Capital Days | 16 | -12 | 76 | 103 | 113 | 104 | 121 | 51 |
| ROCE % | 28% | 49% | 36% | 24% | 18% | 17% | 14% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| $1M+ Clients Count |
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| Active Client Relationships Count |
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| Total Employees Count |
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| $25M+ Strategic Clients Count |
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| Top 20 Customer Revenue INR Mn |
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| Revenue per Employee USD |
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| Net Revenue Retention % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Indegene schedules investor meetings with MFS, ASK, Mirae on 24 Aug 2026; Goldman Sachs and Seven Canyon on 25 Aug 2026.
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Announcement Under Regulation 30 (LODR) - Update On Material Litigation
- Indegene subsidiary nearing TCPA class-action settlement; maximum fund about USD 4.72 million, subject to court approval.
- Transcript Of The 28Th Annual General Meeting Held On August 13, 2026
-
Announcement under Regulation 30 (LODR)-Change in Directorate
- Shareholders approved appointment of Ms. Jill Mary De Simone as Independent Director for 3 years from January 22, 2026.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 28th AGM on 13 Aug 2026: all resolutions passed; scrutinizer’s report and voting results submitted.
Annual reports
Concalls
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Aug 2026Transcript PPT REC
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May 2026TranscriptAI SummaryPPT
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May 2026Transcript PPT REC
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Apr 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Oct 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Mar 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Aug 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptPPTREC
Business Overview [1]
The company is a strategic operating partner to the global life sciences industry, supporting commercial, medical, R&D, and safety operations across the product lifecycle. It combines deep life sciences expertise with AI-enabled platforms, data analytics, and governed operating models, servicing the world’s top 20 biopharma companies. Its capabilities span five key areas: Discovery & Evidence, Regulatory & Compliance, Commercial Launch, Content & Engagement, and Patient & Outcomes.