INDGNHealthcare

Indegene Limited

Healthcare Research, Analytics & Technology · ISIN INE065X01017 · BSE 544172 · NSE EQ · FV ₹2
Last price
₹592
+3.24%today
What this company does

Indegene Limited operates in Healthcare Research, Analytics & Technology, part of the Healthcare sector. It booked ₹1,063 cr of revenue in its latest quarter (Q1 FY27) and kept 10.9% of sales as profit. It is the 2nd largest of 5 Healthcare Research, Analytics & Technology companies we track, by market value.

In the report:
75out of 100
Equitytale Health Score
Solid

Healthier than 75% of companies in Healthcare, on the 5 of 6 measures we could read for it. Each measure is ranked against the 13–150 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)
60

At close. Not part of the score.

Profitability & returns58

How much profit it earns on the money it employs

Balance sheet84

How much it owes, and whether earnings cover the interest

Cash quality85

Whether reported profit actually arrives as cash

Valuation67

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

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 40% vs last year
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in INDGN?

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 10% a year, it would become
₹20.15 lakh

The slider starts at 10%, 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 We do not publish price targets or predict returns.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
₹592 +3.24%
latest close · 2026-09-17
52-wk low ₹48242 sessions so far52-wk high ₹616
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 ratio30.6High
LowAverageHigh
P/B ratio4.53High
Below bookModerateHigh
EV / EBITDA17.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.8%Fair
WeakFairStrong ▸15%
Return on capital18.0%Strong
WeakFairStrong
Net margin10.9%Decent
ThinDecentStrong
EBITDA margin19.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover24.9×Strong
RiskyOkayStrong ▸5×
Current ratio2.41Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹14,232 cr
Book value
₹131
EPS
₹4.84
latest quarter
Net debt
₹-301 cr
more cash than debt
Enterprise value
₹13,931 cr
EBITDA
₹813 cr
annualised
EBIT
₹636 cr
annualised
Operating margin
15.0%
Return on assets
10.1%
Earnings yield
3.27%
P/S
3.35
Sales / share
₹176.8
Tax rate
23.9%
Face value
₹2
Shares
24.1 cr
Working capital
₹1,532 cr
Current assets
₹2,618 cr
Current liabilities
₹1,086 cr
Delivery %
56.2%
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
Looks overpricedMedium confidence
Median of 2 models ₹316 vs market price ₹592 — price is 87% above it
Safety cushion-87.0%(target ≥ +20%)
Models span ₹220₹413, midpoint ₹316
Model ₹316
Price ₹592
Cheap sideExpensive side

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₹1,063 cr
Other Income₹29 cr
Total Income₹1,092 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹659 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹44 cr
Other Expenses₹230 cr
Total Expenses₹939 cr
Profit before Tax₹153 cr
Tax Expense₹37 cr
Net Profit₹116 cr
Net margin on total income10.6%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹659 cr60.4%
Finance costs₹6 cr0.6%
Depreciation & amortisation₹44 cr4.0%
Other expenses₹230 cr21.0%
Tax expense₹37 cr3.3%
Profit for the period₹116 cr10.6%
Total income ₹1,092 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue942 cr1,003 cr1,063 cr
Total income962 cr1,014 cr1,092 cr
Expenses827 cr889 cr939 cr
Profit before tax135 cr105 cr153 cr
Tax32 cr25 cr37 cr
Net profit (owners' share)103 cr80 cr116 cr
Net margin (owners' share, on revenue)10.9%7.9%10.9%
EPS (₹)4.293.324.84
YoY (latest quarter): total income +39.5% · net profit -0.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹4,620 cr
Shareholder equity
₹3,139 cr
parent shareholders
Total debt
₹0 cr
Cash
₹301 cr
Cash flow · H1 FY26
Operating
₹203 cr
Investing
₹3 cr
Financing
₹-64 cr
Peer comparison
Healthcare Research, Analytics & Technology · by market value
CompanyPriceMarket capP/E
Syngene International Limited₹380₹15,349 cr
Indegene Limitedthis company₹592₹14,232 cr30.6
Suven Life Sciences Limited₹350₹9,236 cr
Vimta Labs Limited₹600₹1,332 cr19.1
TAKE Limited₹17₹248 cr60.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.38%
trailing 12 months
Dividend / share (TTM)
₹2.25
Last dividend
₹2.25
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹2.25 / share31 Jul 2026
Dividend₹2 / share13 Jun 2025
Who owns it · 2026-06-30
No pledge
Promoter
FII / Foreign
9.9%
DII / Domestic
8.7%
Retail / others
81.4%
Smart-money activity
Insider trades
BoughtAnita Nair · Immediate relative22,230 · ₹100.0 L19 Mar 26
SoldSameer Narendrakumar Lal · Other60,000 · ₹2.9 cr25 Feb 26
SoldSameer Narendra Lal · -10,000 · ₹51.3 L14 Nov 25
Bulk / block deals
short · NSE173 Sep 26
short · NSE5026 Aug 26
short · NSE36 Aug 26
Stake changes
SoldBPC Genesis Fund I SPV Ltd→ 0.00% · 1.39 cr6 Aug 26
SoldBPC Genesis FUnd I-A SPV,Ltd→ 0.00% · 71.90 L6 Aug 26
SoldCA Dawn Investments→ 0.00% · 2.45 cr4 Jun 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.

Postal ballot · 23 Jan 2026
See the official result
1
Appointment of Mr. Neeraj Bharadwaj (DIN: 01314963) as an Independent Director
Backed by 100% of shareholders other than promotersneeded 75%
18.58 cr votes for, 7.33 L against · 2% 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.

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.

₹760 cr raised in May 2024 by selling shares to the public

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. CARE Ratings Limited watches the spending on the exchange’s behalf.

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.