DCALHealthcare

Dishman Carbogen Amcis Limited

Pharmaceuticals · ISIN INE385W01011 · BSE 540701 · NSE EQ · FV ₹2
Last price
₹162
+0.02%today
What this company does

Dishman Carbogen Amcis Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹678 cr of revenue in its latest quarter (Q1 FY27) and kept -8.5% of sales as profit.

47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 105–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
33

At close. Not part of the score.

Profitability & returns6

How much profit it earns on the money it employs

Balance sheet17

How much it owes, and whether earnings cover the interest

Cash quality77

Whether reported profit actually arrives as cash

Growth & consistency41

Whether sales and profit have grown, and how steadily

Valuation99

What today's price implies, against our models or its peers · highest in its sector on what we could measure

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 59%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -8.5% net margin
! Low -3.5% return on equity

What if I invest in DCAL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹162 +0.02%
latest close · 2026-09-17
1-year return
-11.5%
52-wk low ₹9752-wk high ₹260
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.38Below book
Below bookModerateHigh
EV / EBITDA14.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-3.5%Loss
WeakFairStrong ▸15%
Return on capital-0.6%Loss
WeakFairStrong
Net margin-8.5%Loss
ThinDecentStrong
EBITDA margin11.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.42Comfortable
LowModerateHigh ▸1
Interest cover-0.4×Risky
RiskyOkayStrong ▸5×
Current ratio1.23Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,542 cr
Book value
₹426
EPS
₹-3.69
latest quarter
Net debt
₹1,988 cr
owes more than its cash
Enterprise value
₹4,530 cr
EBITDA
₹306 cr
annualised
EBIT
₹-57 cr
annualised
Operating margin
-2.1%
Return on assets
-1.9%
Earnings yield
P/S
0.94
Sales / share
₹172.9
Tax rate
Face value
₹2
Shares
15.7 cr
Working capital
₹525 cr
Current assets
₹2,842 cr
Current liabilities
₹2,317 cr
Delivery %
53.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹81₹82, midpoint ₹81

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹678 cr
Other Income₹18 cr
Total Income₹696 cr
Cost of Materials₹145 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-30 cr
Employee Benefit Expense₹389 cr
Finance Costs₹37 cr
Depreciation & Amortisation₹91 cr
Other Expenses₹114 cr
Total Expenses₹745 cr
Exceptional Items₹-2 cr
Profit before Tax₹-51 cr
Tax Expense₹7 cr
Net Profit₹-58 cr
Net margin on total income-8.3%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹114 cr15.2%
Employee benefit expense₹389 cr51.7%
Finance costs₹37 cr4.9%
Depreciation & amortisation₹91 cr12.1%
Other expenses₹114 cr15.2%
Tax expense₹7 cr0.9%
Total income ₹696 cr

The company made a net loss of ₹58 cr this quarter — income covered only 93 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue720 cr851 cr678 cr
Total income726 cr868 cr696 cr
Expenses737 cr821 cr745 cr
Profit before tax-10 cr46 cr-51 cr
Tax3 cr24 cr7 cr
Net profit (owners' share)-13 cr22 cr-58 cr
Net margin (owners' share, on revenue)-1.8%2.6%-8.5%
EPS (₹)-0.831.39-3.69
YoY (latest quarter): total income -5.0% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹11,923 cr
Shareholder equity
₹6,677 cr
parent shareholders
Total debt
₹2,775 cr
Cash
₹788 cr
Cash flow · H1 FY26
Operating
₹295 cr
Investing
₹-89 cr
Financing
₹-83 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,867₹4.48 L cr38.6
Divi's Laboratories Limited₹9,323₹2.47 L cr68.7
Torrent Pharmaceuticals Limited₹4,875₹1.65 L cr82.0
Zydus Lifesciences Limited₹1,135₹1.13 L cr30.4
Cipla Limited₹1,376₹1.11 L cr35.2
Laurus Labs Limited₹1,948₹1.05 L cr71.5
Dr. Reddy's Laboratories Limited₹1,175₹98,113 cr55.1
Aurobindo Pharma Limited₹1,690₹97,243 cr23.7
Lupin Limited₹2,098₹95,936 cr16.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.2
ex 12 Sep 2019
ActionDetailEx-date
Dividend₹0.2 / share12 Sep 2019
Who owns it · 2026-06-30
No pledge
Promoter
59.3%
FII / Foreign
6.9%
DII / Domestic
2.1%
Retail / others
31.8%
Smart-money activity
Insider trades
BoughtNikunj Desai · Immediate relative554 · ₹55,34415 Feb 23
BoughtNikunj Desai · Immediate relative5,729 · ₹5.7 L13 Feb 23
SoldAdimans Technologies LLP · Promoters9.29 L · ₹13.5 cr13 Jan 21
Bulk / block deals
short · NSE523 Sep 26
short · NSE119 Aug 26
short · NSE218 Aug 26
Stake changes
BoughtParam Value Investments→ 5.23% · 15.00 L20 Jun 23
SoldAdimans Technologies LLP · promoter→ 59.32% · 40.96 L13 Jan 21
SoldAdimans Technologies LLP · promoter→ 61.93% · 19.94 L21 Dec 20
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
Reso. No. 1 (a): Adoption of Audited Standalone Financial Statements for the year ended March 31, 2025 and report of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.43 cr votes for, 143 against · 0% of mutual funds and other big investors said no
2
Reso. No. 1 (b): Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2025 and the report of the Auditors thereon.
Backed by 98% of shareholders other than promotersneeded 50%
1.40 cr votes for, 3.29 L against · 2% of mutual funds and other big investors said no
3
Reso. No. 2: Re-appointment of a Director Mrs. Deohooti J. Vyas (DIN 00004876), who retires by rotation.
Backed by 99% of shareholders other than promotersneeded 50%
1.42 cr votes for, 1.42 L against · 1% of mutual funds and other big investors said no
4
Reso. No. 3: Appointment of M/S. Ashok P. Pathak & Co., Practicing Company Secretaries for a term of five consecutive years commencing from the Financial Years 2025-26 to 2029-30 as Secretarial Auditor
Backed by 100% of shareholders other than promotersneeded 50%
64.85 L votes for, 646 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 34 named members
owning 59.3% between them · as of 2026-06-30
Adimans Technologies LLP59.32%
Aamanika Ventures Private Limitedno shares
Aamanya AGno shares
Aamanya Organics Private Limitedno shares
Adiman Venturesno shares
Aditi Janmejay Vyasno shares
Aditi Vyas Family Trust (Aditi J. Vyas - Trustee)no shares
Aham Brahmasmi Entertainment Pvt Ltdno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹50 cr raised in Mar 2025 by private placement

The company has not broken this money down into purposes in its filing for Mar 2025, so there is nothing to measure it against yet.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.