Dr Lal Pathlabs Ltd

Dr Lal Pathlabs Ltd

₹ 3,144 2.04%
13 Nov - close price
About

Dr. Lal PathLabs Limited is one of India’s leading consumer healthcare brand in diagnostic services. It has an integrated nationwide network, where patients and healthcare providers are offered a broad range of diagnostic and related healthcare tests and services for use in: core testing, patient diagnosis and the prevention, monitoring and treatment of disease and other health conditions. The services of DLPL are aimed at individual patients, hospitals and other healthcare providers and corporates. [1]

Key Points

Largest Diagnostic Chain
It is the largest diagnostics chain with a Pan-India presence. The company has 75 years of experience in the field of diagnostics and has served 131 million patients in the last five years. Its test offerings range from basic preventive health packages like SwasthFit to the most advanced investigations, including Comprehensive Genomic Profiles, Myeloid testing for Hematological Malignancies, and Amyloid Typing Solutions. [1] [2]

  • Market Cap 26,352 Cr.
  • Current Price 3,144
  • High / Low 3,543 / 2,294
  • Stock P/E 49.8
  • Book Value 279
  • Dividend Yield 0.76 %
  • ROCE 30.6 %
  • ROE 24.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 42.2%

Cons

  • Stock is trading at 11.2 times its book value
  • Promoter holding has decreased over last quarter: -0.58%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
467 429 431 480 532 476 521 574 631 569 577 641 700
337 325 315 344 369 346 383 413 437 418 418 457 484
Operating Profit 130 105 116 136 163 130 138 161 194 151 159 183 215
OPM % 28% 24% 27% 28% 31% 27% 26% 28% 31% 27% 28% 29% 31%
8 9 12 15 14 15 16 31 24 31 25 26 23
Interest 10 8 8 7 7 6 6 6 6 5 5 4 5
Depreciation 21 21 21 18 19 19 35 33 33 34 35 33 38
Profit before tax 106 84 98 125 151 120 113 154 179 144 145 172 195
Tax % 26% 26% 27% 25% 25% 26% 29% 26% 28% 27% -2% 25% 25%
79 63 71 94 113 88 81 114 129 105 148 129 146
EPS in Rs 9.43 7.51 8.56 11.22 13.54 10.58 9.68 13.72 15.41 12.61 17.75 15.43 17.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
541 637 765 882 1,024 1,165 1,274 1,491 1,873 1,769 1,967 2,352 2,487
406 486 562 651 768 882 946 1,083 1,362 1,308 1,408 1,684 1,778
Operating Profit 135 151 204 230 256 283 328 408 510 461 559 668 709
OPM % 25% 24% 27% 26% 25% 24% 26% 27% 27% 26% 28% 28% 28%
8 17 20 28 31 46 58 51 53 47 60 109 106
Interest 0 0 0 1 1 1 15 15 29 34 27 22 19
Depreciation 31 32 32 26 31 36 68 70 75 82 77 134 140
Profit before tax 111 135 192 231 256 292 303 374 459 391 516 621 656
Tax % 34% 32% 34% 34% 34% 33% 26% 25% 25% 25% 26% 20%
74 92 126 152 168 195 223 280 344 292 384 497 529
EPS in Rs 137.77 16.80 15.21 18.36 20.19 23.45 26.78 33.61 41.28 35.07 46.04 59.49 63.18
Dividend Payout % 8% 9% 16% 16% 22% 26% 45% 60% 29% 34% 52% 40%
Compounded Sales Growth
10 Years: 14%
5 Years: 13%
3 Years: 8%
TTM: 13%
Compounded Profit Growth
10 Years: 18%
5 Years: 17%
3 Years: 13%
TTM: 28%
Stock Price CAGR
10 Years: %
5 Years: 7%
3 Years: 8%
1 Year: 6%
Return on Equity
10 Years: 24%
5 Years: 23%
3 Years: 22%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 54 55 83 83 83 83 83 83 83 83 83 84 84
Reserves 135 238 397 503 693 847 933 1,134 1,393 1,606 1,816 2,051 2,257
27 27 0 0 0 0 0 0 384 281 136 53 149
116 130 112 90 119 136 302 356 353 350 380 434 363
Total Liabilities 331 449 592 676 896 1,067 1,318 1,573 2,214 2,320 2,415 2,621 2,854
114 119 130 121 173 173 297 300 370 361 343 1,051 1,117
CWIP 0 1 4 17 9 3 11 9 14 5 6 3 17
Investments 20 49 74 134 174 214 253 171 1,069 1,213 1,143 416 564
197 280 384 404 540 677 757 1,093 760 740 924 1,151 1,156
Total Assets 331 449 592 676 896 1,067 1,318 1,573 2,214 2,320 2,415 2,621 2,854

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
96 94 142 167 189 208 272 373 424 428 478 540
-86 -86 -148 -134 -166 -93 -19 -195 -448 -288 32 -293
-10 1 1 -32 13 -54 -187 -136 142 -270 -404 -325
Net Cash Flow 0 9 -5 1 36 61 65 42 117 -131 106 -78

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 16 17 17 17 14 17 14 16 13 13 14 16
Inventory Days 37 31 33 44 40 70 38 32 22 26 26
Days Payable 89 88 97 104 110 143 132 101 131 156 155
Cash Conversion Cycle 16 -35 -41 -47 -45 -54 -59 -79 -55 -96 -116 -113
Working Capital Days -28 -10 28 15 18 1 -16 -25 -57 -61 -48 -28
ROCE % 61% 51% 48% 44% 38% 34% 33% 35% 32% 22% 27% 31%

Shareholding Pattern

Numbers in percentages

26 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
55.04% 55.03% 55.01% 54.61% 54.60% 54.60% 54.60% 53.92% 53.91% 53.91% 53.79% 53.21%
25.80% 24.89% 23.27% 24.35% 25.36% 26.15% 25.43% 26.82% 26.82% 23.90% 21.69% 21.86%
6.20% 6.56% 8.34% 8.85% 9.27% 9.40% 12.42% 12.60% 12.88% 15.79% 17.62% 18.22%
0.00% 0.00% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.27%
12.38% 13.01% 12.65% 11.48% 10.12% 9.24% 6.95% 6.02% 5.82% 5.84% 6.22% 6.07%
0.56% 0.51% 0.44% 0.41% 0.37% 0.32% 0.30% 0.33% 0.28% 0.27% 0.39% 0.37%
No. of Shareholders 1,79,6361,80,1631,74,4441,60,6791,49,9011,46,7411,31,1891,16,6061,16,2361,15,6991,18,6561,12,703

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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