Ind-Swift Laboratories Ltd
Incorporated in 1995, Ind-Swift Laboratories Ltd is in the business of Bulk Drugs & Pharmaceuticals[1]
- Market Cap ₹ 1,862 Cr.
- Current Price ₹ 214
- High / Low ₹ 217 / 87.0
- Stock P/E 36.7
- Book Value ₹ 158
- Dividend Yield 0.00 %
- ROCE 4.83 %
- ROE 4.00 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Promoter holding has increased by 3.49% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -5.78% over past five years.
- Company has a low return on equity of 6.87% over last 3 years.
- Earnings include an other income of Rs.36.0 Cr.
- Working capital days have increased from 65.1 days to 120 days
* 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 646 | 639 | 694 | 731 | 724 | 752 | 857 | 988 | 1,152 | 1,673 | 550 | 636 | |
| 557 | 532 | 589 | 604 | 599 | 610 | 676 | 788 | 930 | 1,371 | 563 | 590 | |
| Operating Profit | 89 | 107 | 105 | 127 | 125 | 142 | 180 | 200 | 222 | 302 | -13 | 46 |
| OPM % | 14% | 17% | 15% | 17% | 17% | 19% | 21% | 20% | 19% | 18% | -2% | 7% |
| -31 | 1 | 15 | 16 | 130 | 36 | 23 | 34 | 7 | 476 | 304 | 36 | |
| Interest | 117 | 106 | 88 | 28 | 92 | 107 | 100 | 96 | 92 | 104 | 3 | 1 |
| Depreciation | 84 | 85 | 88 | 87 | 104 | 90 | 87 | 131 | 57 | 80 | 24 | 31 |
| Profit before tax | -143 | -83 | -56 | 29 | 59 | -20 | 16 | 8 | 79 | 594 | 264 | 50 |
| Tax % | -17% | -29% | -29% | 38% | 35% | 6% | 127% | 171% | 46% | 10% | 3% | 15% |
| -119 | -59 | -40 | 18 | 39 | -21 | -4 | -6 | 42 | 536 | 256 | 43 | |
| EPS in Rs | -29.09 | -14.37 | -8.88 | 3.89 | 8.11 | -3.52 | -0.74 | -0.97 | 7.19 | 90.74 | 42.25 | 4.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -6% |
| 3 Years: | -18% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 68% |
| 3 Years: | -3% |
| TTM: | 530% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 16% |
| 3 Years: | 34% |
| 1 Year: | 88% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Last Year: | 4% |
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 | 42 | 42 | 45 | 46 | 48 | 60 | 60 | 60 | 60 | 67 | 69 | 87 |
| Reserves | 551 | 473 | 480 | 497 | 542 | 585 | 579 | 573 | 616 | 731 | 1,095 | 1,284 |
| 1,413 | 1,457 | 1,242 | 1,083 | 1,148 | 1,031 | 996 | 944 | 854 | 214 | 37 | 20 | |
| 233 | 238 | 353 | 371 | 174 | 184 | 182 | 226 | 259 | 396 | 221 | 263 | |
| Total Liabilities | 2,238 | 2,210 | 2,121 | 1,997 | 1,913 | 1,860 | 1,817 | 1,803 | 1,788 | 1,408 | 1,422 | 1,654 |
| 1,114 | 1,095 | 1,042 | 934 | 913 | 843 | 752 | 630 | 587 | 192 | 273 | 306 | |
| CWIP | 115 | 82 | 70 | 69 | 20 | 11 | 19 | 10 | 8 | 51 | 0 | 10 |
| Investments | 26 | 26 | 26 | 26 | 26 | 26 | 55 | 111 | 85 | 167 | 269 | 330 |
| 983 | 1,007 | 982 | 968 | 953 | 979 | 991 | 1,052 | 1,108 | 998 | 880 | 1,008 | |
| Total Assets | 2,238 | 2,210 | 2,121 | 1,997 | 1,913 | 1,860 | 1,817 | 1,803 | 1,788 | 1,408 | 1,422 | 1,654 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 100 | 80 | 93 | 71 | -75 | 123 | 135 | 136 | 183 | -166 | -39 | -40 | |
| -37 | -30 | -31 | -17 | -2 | -10 | -10 | 3 | -14 | -28 | -110 | -100 | |
| -64 | -48 | -69 | -62 | 100 | -133 | -124 | -140 | -168 | 658 | 74 | 145 | |
| Net Cash Flow | -0 | 3 | -7 | -8 | 23 | -20 | 1 | -1 | 1 | 464 | -75 | 5 |
| Free Cash Flow | 60 | 50 | 61 | 50 | -90 | 112 | 131 | 123 | 170 | -229 | -65 | -127 |
| CFO/OP | 112% | 75% | 88% | 56% | -60% | 87% | 75% | 68% | 82% | -55% | 303% | -72% |
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 | 212 | 205 | 179 | 191 | 168 | 187 | 171 | 158 | 149 | 56 | 106 | 108 |
| Inventory Days | 319 | 377 | 317 | 305 | 302 | 330 | 304 | 303 | 253 | 28 | 137 | 184 |
| Days Payable | 119 | 137 | 88 | 112 | 110 | 122 | 106 | 120 | 114 | 114 | 141 | 185 |
| Cash Conversion Cycle | 412 | 445 | 409 | 384 | 359 | 395 | 368 | 342 | 287 | -30 | 102 | 107 |
| Working Capital Days | 32 | -35 | -106 | -59 | 225 | 256 | 243 | 249 | 226 | -7 | 83 | 120 |
| ROCE % | 1% | 2% | 2% | 3% | 4% | 5% | 7% | 7% | 13% | 21% | 1% | 5% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2018 | Mar 2020 | Mar 2025 | |
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| Manufacturing Capacity - Tablets Mn/Annum |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 1d
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Closure of Trading Window
26 Jun - Trading window closed from 1 July 2026 until 48 hours after Q1 FY2027 results.
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Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
22 Jun - Board approved amendment to PIT fair disclosure and trading code on 22 June 2026.
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Announcement under Regulation 30 (LODR)-Resignation of Director
22 Jun - Mr. Prabhat Khurana resigned as Independent Director effective close of business on 22 June 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
22 Jun - Rajinder Kumar Gupta reappointed Independent Director for five years from 23 June 2026; committees reconstituted.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from nse
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Financial Year 2012
from bse
Business Overview:[1]
ISLL is a global manufacture of APIs, Intermediates and formulation (through group collaboration). It caters to the API needs of regulated markets including USFDA, EDQM, PMDA, ANVISA, EU-GMP, KFDA, NMO, ANSM, Cofepris, TGA, WHO, ROW. ISLL is present in all stages of drug substance/product including new chemical/molecular research to formulation development.
Company manufactures APIs towards Cardiovascular health, Antihistamine, Antidiabetic, Antipsychotic, Antimigraine, Parkinson’s Disease, Antineoplastic, ADHD Symptoms, Analgesics, Alcohol Abstinence and Bone Resorption Inhibitor. It also holds global leadership positions in the Macrolide Antibiotic segment.