DIVISLABHealthcare

Divi's Laboratories Limited

Pharmaceuticals · ISIN INE361B01024 · BSE 532488 · NSE EQ · FV ₹2
Last price
₹9,323
+1.80%today
What this company does

Divi's Laboratories Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹3,080 cr of revenue in its latest quarter (Q1 FY27) and kept 29.3% of sales as profit. It is the 2nd largest of 9 Pharmaceuticals companies we track, by market value.

In the report:
72out of 100
Equitytale Health Score
Solid

Healthier than 72% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 81–150 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)
62

At close. Not part of the score.

Profitability & returns86

How much profit it earns on the money it employs

Balance sheet97

How much it owes, and whether earnings cover the interest

Cash quality68

Whether reported profit actually arrives as cash

Growth & consistency58

Whether sales and profit have grown, and how steadily

Valuation18

What today's price implies, against our models or its peers

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
Strengths
Makes a profit
Strong 29% net margin
Sales up 28% vs last year
Profit up 66% vs last year
Promoters hold 52%
No promoter shares pledged
Strong 22% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in DIVISLAB?

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 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, 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 We do not publish price targets or predict returns.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
₹9,323 +1.80%
latest close · 2026-09-17
1-year return
+92.4%
52-wk low ₹3,36652-wk high ₹9,615
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/E ratio68.7High
LowAverageHigh
P/B ratio14.74High
Below bookModerateHigh
EV / EBITDA46.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.5%Strong
WeakFairStrong ▸15%
Return on capital26.4%Strong
WeakFairStrong
Net margin29.3%Strong
ThinDecentStrong
EBITDA margin42.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover197.7×Strong
RiskyOkayStrong ▸5×
Current ratio5.43Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2.47 L cr
Book value
₹632
EPS
₹33.95
latest quarter
Net debt
₹-128 cr
more cash than debt
Enterprise value
₹2.47 L cr
EBITDA
₹5,276 cr
annualised
EBIT
₹4,744 cr
annualised
Operating margin
38.5%
Return on assets
18.0%
Earnings yield
1.46%
P/S
20.05
Sales / share
₹464.9
Tax rate
23.6%
Face value
₹2
Shares
26.5 cr
Working capital
₹9,053 cr
Current assets
₹11,096 cr
Current liabilities
₹2,043 cr
Delivery %
62.9%
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 FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹681₹1,032, midpoint ₹896

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₹3,080 cr
Other Income₹64 cr
Total Income₹3,144 cr
Cost of Materials₹1,503 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-517 cr
Employee Benefit Expense₹408 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹133 cr
Other Expenses₹431 cr
Total Expenses₹1,964 cr
Profit before Tax₹1,180 cr
Tax Expense₹278 cr
Net Profit₹902 cr
Net margin on total income28.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹986 cr31.4%
Employee benefit expense₹408 cr13.0%
Finance costs₹6 cr0.2%
Depreciation & amortisation₹133 cr4.2%
Other expenses₹431 cr13.7%
Tax expense₹278 cr8.8%
Profit for the period₹902 cr28.7%
Total income ₹3,144 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,604 cr2,831 cr3,080 cr
Total income2,692 cr2,986 cr3,144 cr
Expenses1,838 cr2,023 cr1,964 cr
Profit before tax780 cr963 cr1,180 cr
Tax197 cr212 cr278 cr
Net profit (owners' share)583 cr751 cr902 cr
Net margin (owners' share, on revenue)22.4%26.5%29.3%
EPS (₹)21.9828.3133.95
YoY (latest quarter): total income +24.3% · net profit +65.5%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹20,033 cr
Shareholder equity
₹16,761 cr
parent shareholders
Total debt
₹0 cr
Cash
₹128 cr
Cash flow · H1 FY26
Operating
₹1,645 cr
Investing
₹-1,261 cr
Financing
₹-720 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,867₹4.48 L cr38.6
Divi's Laboratories Limitedthis company₹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
0.32%
trailing 12 months
Dividend / share (TTM)
₹30
Last dividend
₹30
ex 24 Jul 2026
ActionDetailEx-date
Dividend₹30 / share24 Jul 2026
Dividend₹30 / share25 Jul 2025
Dividend₹30 / share2 Aug 2024
Dividend₹30 / share11 Aug 2023
Dividend₹30 / share11 Aug 2022
Dividend₹20 / share17 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
51.9%
FII / Foreign
20.2%
DII / Domestic
19.4%
Retail / others
8.5%
Smart-money activity
Insider trades
SoldPRASAD Y.T.S. · Designated Person6,234 · ₹5.8 cr10 Sep 26
SoldK. Sridevi · Immediate Relative200 · ₹19.0 L8 Sep 26
SoldK. Sridevi · Immediate Relative200 · ₹18.6 L7 Sep 26
Bulk / block deals
short · NSE110 Sep 26
short · NSE848 Sep 26
short · NSE6031 Aug 26
Stake changes
SoldLife Insurance Corporation of India→ 3.02% · 53.54 L16 Oct 25
SoldSBI Mutual Fund under its various Schemes→ 5.05% · 1.41 L19 Feb 25
SoldLife Insurance Corporation of India→ 3.02% · 53.54 L16 Jan 25
What shareholders were asked to approve

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 · 10 Aug 2026
See the official result
1
To consider and adopt the audited financial statements of the Company, both standalone and consolidated, for the financial year ended March 31, 2026, and the reports of the Board of Directors’ and Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
9.78 cr votes for, 1.10 L against · 0% of mutual funds and other big investors said no
2
To declare dividend of Rs.30/- per equity share of face value Rs.2/- each (i.e.@ 1,500%) for the financial year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
9.80 cr votes for, 95 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. N.V. Ramana (DIN: 00005031), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
Backed by 99% of shareholders other than promotersneeded 50%
9.73 cr votes for, 7.30 L against · 1% of mutual funds and other big investors said no
4
To appoint a director in place of Dr. Kiran S. Divi (DIN: 00006503), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
9.75 cr votes for, 4.77 L 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 — 7 named members
owning 51.9% between them · as of 2026-06-30
NILIMA PRASAD DIVI20.34%
SATCHANDRA KIRAN DIVI20.34%
SWARNA LATHA DIVI5.27%
DIVI'S BIOTECH PRIVATE LIMITED3.01%
MURALI KRISHNA PRASAD DIVI2.85%
MADHUSUDANA RAO DIVI0.06%
RADHAKRISHNA RAO DIVIno shares
Business done with them
FY2026 · 5 of the group
The company paid ₹583 cr to companies in the promoter group last year — about 5.5% of its ₹10,560 cr revenue.
SATCHANDRA KIRAN DIVI
Other payments to them · Managerial Remuneration and short term employee benefits, Dividend paid
also owns 20.34% of the company
₹197 cr
company paid
NILIMA PRASAD DIVI
Other payments to them · Managerial Remuneration and short term employee benefits, Dividend paid
also owns 20.34% of the company
₹197 cr
company paid
MURALI KRISHNA PRASAD DIVI
Other payments to them · Dividend paid
also owns 2.85% of the company
₹123 cr
company paid
Divi Swarna Latha
Other payments to them · Dividend paid
also owns 5.27% of the company
₹42 cr
company paid
DIVI'S BIOTECH PRIVATE LIMITED
Other payments to them · Dividend paid
also owns 3.01% of the company
₹24 cr
company paid

The company also transacted with 13 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.

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