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IPCALAB - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.9

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.9

Stock Code IPCALAB Market Cap 39,274 Cr. Current Price 1,550 ₹ High / Low 1,624 ₹
Stock P/E 39.1 Book Value 292 ₹ Dividend Yield 0.26 % ROCE 17.6 %
ROE 12.6 % Face Value 1.00 ₹ DMA 50 1,487 ₹ DMA 200 1,433 ₹
Chg in FII Hold 0.20 % Chg in DII Hold 0.54 % PAT Qtr 303 Cr. PAT Prev Qtr 305 Cr.
RSI 57.7 MACD 22.3 Volume 2,72,043 Avg Vol 1Wk 4,44,268
Low price 1,168 ₹ High price 1,624 ₹ PEG Ratio -53.6 Debt to equity 0.11
52w Index 83.8 % Qtr Profit Var 13.4 % EPS 31.7 ₹ Industry PE 27.6

📊 Core Financials

  • Revenue Growth: Stable with PAT ₹303 Cr vs ₹305 Cr
  • Profit Margins: Moderate with ROE at 12.6% and ROCE at 17.6%
  • Debt Ratios: Low (Debt-to-Equity 0.11), manageable leverage
  • Cash Flows: Dividend yield of 0.26% provides limited shareholder returns
  • Return Metrics: Reasonable efficiency but below top-tier pharma peers

💹 Valuation Indicators

  • P/E Ratio: 39.1 (well above industry average of 27.6, overvalued)
  • P/B Ratio: ~5.3 (Price ₹1,550 / Book Value ₹292)
  • PEG Ratio: -53.6 (negative, signals weak earnings growth outlook)
  • Intrinsic Value: Appears stretched given current multiples

🏢 Business Model & Competitive Advantage

  • Pharmaceutical company with diversified product portfolio
  • Strong presence in generics and formulations
  • Competitive advantage lies in scale and established distribution

📈 Entry Zone Recommendation

  • Current Price: ₹1,550
  • Support Zone: ₹1,450 – ₹1,500 (near DMA 50 & DMA 200)
  • Long-term Holding: Suitable for moderate investors, but caution due to high valuation

✅ Positive

  • Low debt ensures financial stability
  • Consistent PAT performance
  • Institutional investor confidence (FII +0.20%, DII +0.54%)

⚠️ Limitation

  • P/E ratio significantly above industry average
  • Negative PEG ratio reflects weak growth outlook
  • Dividend yield is minimal

📉 Company Negative News

  • Quarterly PAT flat (₹303 Cr vs ₹305 Cr), limited growth momentum
  • Valuation multiples suggest overpricing

📈 Company Positive News

  • Quarterly profit variation of 13.4% YoY shows steady growth
  • MACD positive (22.3) indicates improving technical trend

🌐 Industry

  • Pharmaceutical industry remains resilient with global demand
  • Industry P/E at 27.6 highlights IPCALAB trading at a premium

🔎 Conclusion

IPCALAB demonstrates financial stability with low debt and consistent profitability, but stretched valuations and modest return ratios limit upside. Entry around ₹1,450–₹1,500 may provide a safer margin. Long-term holding is viable for investors seeking exposure to pharma, but growth outlook needs monitoring.

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