INDSWFTLABHealthcare

Ind-Swift Laboratories Limited

Pharmaceuticals · ISIN INE915B01019 · BSE 532305 · NSE EQ · FV ₹10
Last price
₹378
+3.94%today
What this company does

Ind-Swift Laboratories Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹191 cr of revenue in its latest quarter (Q1 FY27) and kept 12.9% of sales as profit.

In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% 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 & returns37

How much profit it earns on the money it employs

Balance sheet83

How much it owes, and whether earnings cover the interest

Cash quality21

Whether reported profit actually arrives as cash

Growth & consistency23

Whether sales and profit have grown, and how steadily

Valuation68

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
Sales up 25% vs last year
Profit up 181% vs last year
Promoters hold 43%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Low 7.1% return on equity
! Operating cash flow is negative

What if I invest in INDSWFTLAB?

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 starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹378 +3.94%
latest close · 2026-09-17
1-year return
+468.4%
52-wk low ₹5352-wk high ₹404
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 ratio33.3High
LowAverageHigh
P/B ratio2.37Moderate
Below bookModerateHigh
EV / EBITDA17.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.1%Weak
WeakFairStrong ▸15%
Return on capital9.4%Fair
WeakFairStrong
Net margin12.9%Decent
ThinDecentStrong
EBITDA margin21.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover47.2×Strong
RiskyOkayStrong ▸5×
Current ratio3.83Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,285 cr
Book value
₹159
EPS
₹2.84
latest quarter
Net debt
₹-412 cr
more cash than debt
Enterprise value
₹2,873 cr
EBITDA
₹163 cr
annualised
EBIT
₹133 cr
annualised
Operating margin
17.4%
Return on assets
5.9%
Earnings yield
3.00%
P/S
4.29
Sales / share
₹88.2
Tax rate
24.5%
Face value
₹10
Shares
8.7 cr
Working capital
₹722 cr
Current assets
₹977 cr
Current liabilities
₹255 cr
Delivery %
36.5%
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 2025 report & 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 ₹179₹306, midpoint ₹243

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₹191 cr
Other Income₹8 cr
Total Income₹199 cr
Cost of Materials₹82 cr
Purchases of Stock-in-Trade₹14 cr
Inventory Change (±)₹-17 cr
Employee Benefit Expense₹40 cr
Finance Costs₹70.5 L
Depreciation & Amortisation₹8 cr
Other Expenses₹40 cr
Total Expenses₹166 cr
Exceptional Items₹-23.6 L
Profit before Tax₹33 cr
Tax Expense₹8 cr
Share of JV / Associates₹11.4 L
Net Profit₹25 cr
Net margin on total income12.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹78 cr39.4%
Employee benefit expense₹40 cr19.9%
Finance costs₹70.5 L0.4%
Depreciation & amortisation₹8 cr3.8%
Other expenses₹40 cr20.2%
Tax expense₹8 cr4.0%
Profit for the period₹25 cr12.4%
Total income ₹199 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue151 cr170 cr191 cr
Total income178 cr172 cr199 cr
Expenses156 cr155 cr166 cr
Profit before tax16 cr12 cr33 cr
Tax4 cr-3 cr8 cr
Net profit (owners' share)10 cr15 cr25 cr
Net margin (owners' share, on revenue)6.3%8.9%12.9%
EPS (₹)1.171.812.84
YoY (latest quarter): total income +19.0% · net profit +181.3%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,673 cr
Shareholder equity
₹1,384 cr
parent shareholders
Total debt
₹18 cr
Cash
₹430 cr
Cash flow · H1 FY26
Operating
₹-20 cr
Investing
₹-104 cr
Financing
₹96 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.
Who owns it · 2026-06-30
No pledge
Promoter
42.9%
FII / Foreign
10.7%
DII / Domestic
0.2%
Retail / others
46.2%
Promoter stake up 2.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldGAGAN AGGARWAL · Key Managerial Personnel30,000 · ₹42.4 L9 Sep 24
SoldATUL KUMAR CHAUBEY · Employees/Designated Employees38,500 · ₹33.2 L19 Jun 23
SoldRAJESH NAG · Employees/Designated Employees25,800 · ₹18.8 L16 Jun 23
Bulk / block deals
BoughtHRTI PRIVATE LIMITED · NSE6.71 L @ ₹155.129 May 26
SoldHRTI PRIVATE LIMITED · NSE2.03 L @ ₹153.0429 May 26
BoughtSHARE INDIA SECURITIES LIMITED · NSE6.90 L @ ₹134.2817 Apr 26
Stake changes
SoldHCP Investments→ 1.15% · 65.03 L16 Apr 26
BoughtEssix Biosciences Limited · promoter→ 37.92% · 51.00 L24 Feb 26
BoughtMrs. Divya Munjal · promoter→ 0.01% · 2,25025 Aug 25
Promoter pledges
ReleasedIDBI Trusteeship Services Limited95.00 L · 16.08% held28 Mar 24
ReleasedIDBI Trusteeship Services Ltd Security trustee on behalf of IDBI Bank Ltd, Edelweiss Asset Reconstruction company Ltd and others ( Lenders of Ind swift Laboratories Ltd)95.00 L · 16.08% held28 Mar 24
PledgedIDBI Trusteeship Services Ltd95.00 L · 0.00% held12 Oct 20
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 · 29 Sep 2025
See the official result
1
To receive, consider, approve and adopt the Audited Financial Statements (including Consolidated Financial Statements) for the financial year ended 31st March, 2025 together with the Directors' and Auditors' Reports thereupon.
Backed by 100% of shareholders other than promotersneeded 50%
29.83 L votes for, 312 against · 0% of mutual funds and other big investors said no
2
To appoint a director in place of Mr. Rishav Mehta, Executive Director (DIN: 03028663) who retires by rotation under the provisions of Companies Act, 2013 and being eligible, offers himself for re-appointment
Backed by 99% of shareholders other than promotersneeded 50%
29.39 L votes for, 44,656 against · 97% of mutual funds and other big investors said no
3
RATIFICATION OF REMUNERATION TO THE COST AUDITORS FOR THE FINANCIAL YEAR 2025-26:
Backed by 100% of shareholders other than promotersneeded 50%
29.83 L votes for, 488 against · 0% of mutual funds and other big investors said no
4
TO APPOINT SECRETARIAL AUDITOR FOR SECRETARIAL AUDIT OF THE COMPANY
Backed by 100% of shareholders other than promotersneeded 50%
29.83 L votes for, 488 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 — 20 named members
owning 42.9% between them · as of 2026-06-30
ESSIX BIOSCIENCES LIMITED37.81%
NAVRATTAN MUNJAL1.16%
RISHAV MEHTA1.10%
S. R. MEHTA0.62%
HIMANSHU JAIN0.55%
GOPAL MUNJAL0.41%
V.R. MEHTA0.39%
SUNITA JAIN0.37%

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.

₹256 cr raised in Aug 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 80% of what it set aside, leaving ₹63 cr still to be spent. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.

Expansion of Business of the Company or the Wholly Owned Subsidiaries
73%
₹110 cr of ₹150 cr
Investment in existing or to be acquired Subsidiaries
55%
₹27 cr of ₹50 cr
Working Capital for existing business
100%
₹40 cr of ₹40 cr
General Corporate Purpose
100%
₹75 cr of ₹75 cr
Spent by quarter: 74%80% (to Jun 2026) · 4 earlier quarters are left out because the company restated its figures

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.