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DIVISLAB - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 4.0

Stock Code DIVISLAB Market Cap 1,60,681 Cr. Current Price 6,056 ₹ High / Low 7,078 ₹
Stock P/E 63.9 Book Value 578 ₹ Dividend Yield 0.50 % ROCE 20.6 %
ROE 15.6 % Face Value 2.00 ₹ DMA 50 6,311 ₹ DMA 200 6,233 ₹
Chg in FII Hold 0.69 % Chg in DII Hold -0.50 % PAT Qtr 696 Cr. PAT Prev Qtr 557 Cr.
RSI 38.9 MACD -105 Volume 1,46,902 Avg Vol 1Wk 3,24,103
Low price 4,942 ₹ High price 7,078 ₹ PEG Ratio -6.95 Debt to equity 0.01
52w Index 52.2 % Qtr Profit Var 34.4 % EPS 94.7 ₹ Industry PE 29.0

📊 Core Financials

  • Revenue & Profit Growth: Quarterly PAT rose from 557 Cr. to 696 Cr. (+34.4%), showing strong earnings momentum.
  • Profit Margins: ROE at 15.6% and ROCE at 20.6% reflect healthy efficiency and profitability.
  • Debt Ratios: Debt-to-equity at 0.01 highlights a near debt-free balance sheet.
  • Cash Flows: Dividend yield at 0.50% provides modest shareholder returns while retaining growth capital.

💹 Valuation Indicators

  • P/E Ratio: 63.9 vs Industry PE of 29.0, indicating premium valuation.
  • P/B Ratio: Current Price 6,056 ₹ / Book Value 578 ₹ ≈ 10.5, showing expensive pricing relative to book value.
  • PEG Ratio: -6.95, reflecting weak or negative growth expectations despite recent profit rise.
  • Intrinsic Value: Estimated fair value around 5,500–5,700 ₹, making current price slightly overvalued.

🏢 Business Model & Competitive Advantage

  • Divi’s Laboratories is a leading pharmaceutical company specializing in APIs and intermediates.
  • Competitive advantage lies in scale, global client base, and strong R&D capabilities.
  • Debt-free operations and consistent profitability provide resilience and long-term sustainability.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 5,500–5,700 ₹, closer to intrinsic value.
  • Long-Term Holding: Strong fundamentals, global presence, and debt-free balance sheet make it suitable for long-term investors, though valuation is stretched.

✅ Positive

  • Debt-free structure ensures financial stability.
  • Strong quarterly PAT growth (+34.4%).
  • Healthy ROE (15.6%) and ROCE (20.6%).
  • FII holdings increased (+0.69%), showing foreign investor confidence.

⚠️ Limitation

  • P/E ratio significantly above industry average, indicating overvaluation.
  • P/B ratio of 10.5 shows expensive pricing relative to book value.
  • PEG ratio negative, reflecting poor growth visibility.

📉 Company Negative News

  • DII holdings declined (-0.50%), showing reduced domestic institutional support.
  • Technical indicators (RSI 38.9, MACD -105) show bearish sentiment.

📈 Company Positive News

  • Strong quarterly PAT growth from 557 Cr. to 696 Cr.
  • FII holdings increased (+0.69%), reinforcing foreign investor confidence.

🏭 Industry

  • Pharma industry PE at 29.0, much lower than Divi’s 63.9, suggesting relative overvaluation.
  • Industry growth supported by global demand for APIs and outsourcing opportunities.

🔎 Conclusion

  • Divi’s Laboratories is a fundamentally strong pharma company with debt-free operations and robust profitability.
  • Valuation is stretched compared to industry peers, making current levels less attractive for fresh entry.
  • Best suited for long-term investors with cautious entry around 5,500–5,700 ₹; accumulation strategy recommended for exposure to global pharma growth.

I can also expand on global API outsourcing trends to show how Divi’s Laboratories could sustain growth in the long run.

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