INNOVACAPHealthcare

Innova Captab Limited

Pharmaceuticals · ISIN INE0DUT01020 · BSE 544067 · NSE EQ · FV ₹10
Last price
₹1,150
+1.42%today
What this company does

Innova Captab Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹471 cr of revenue in its latest quarter (Q1 FY27) and kept 9.4% of sales as profit.

Who We Are WHERE Integrated CDMO Excellence Operating as a fully integrated CDMO partner, we offer capabilities CONSISTENCY POWERS spanning product development, manufacturing and commercialization. This end-to-end model enables us to deliver scalable, high-quality SUSTAINABLE GROWTH pharmaceutical solutions while ensuring speed, flexibility and cost efficiency for our global partners.
In the report:
54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Healthcare, on the 5 of 6 measures we could read for it. Each measure is ranked against the 116–150 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 & returns60

How much profit it earns on the money it employs

Balance sheet48

How much it owes, and whether earnings cover the interest

Cash quality30

Whether reported profit actually arrives as cash

Valuation44

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
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Sales up 34% vs last year
Profit up 42% vs last year
Promoters hold 51%
No promoter shares pledged
Strong 16% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in INNOVACAP?

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 We do not publish price targets or predict returns.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
₹1,150 +1.42%
latest close · 2026-09-17
52-wk low ₹92542 sessions so far52-wk high ₹1,236
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 ratio37.3High
LowAverageHigh
P/B ratio6.08High
Below bookModerateHigh
EV / EBITDA23.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.3%Strong
WeakFairStrong ▸15%
Return on capital18.9%Strong
WeakFairStrong
Net margin9.4%Decent
ThinDecentStrong
EBITDA margin16.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.32Comfortable
LowModerateHigh ▸1
Interest cover14.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.87Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹6,578 cr
Book value
₹189
EPS
₹7.71
latest quarter
Net debt
₹340 cr
owes more than its cash
Enterprise value
₹6,919 cr
EBITDA
₹301 cr
annualised
EBIT
₹254 cr
annualised
Operating margin
13.5%
Return on assets
9.6%
Earnings yield
2.68%
P/S
3.49
Sales / share
₹329.1
Tax rate
25.2%
Face value
₹10
Shares
5.7 cr
Working capital
₹428 cr
Current assets
₹923 cr
Current liabilities
₹495 cr
Delivery %
43.0%
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 ₹160₹309, midpoint ₹164

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₹471 cr
Other Income₹2 cr
Total Income₹473 cr
Cost of Materials₹308 cr
Purchases of Stock-in-Trade₹12 cr
Inventory Change (±)₹-16 cr
Employee Benefit Expense₹45 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹12 cr
Other Expenses₹49 cr
Total Expenses₹414 cr
Profit before Tax₹59 cr
Tax Expense₹15 cr
Net Profit₹44 cr
Net margin on total income9.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹304 cr64.3%
Employee benefit expense₹45 cr9.5%
Finance costs₹4 cr0.9%
Depreciation & amortisation₹12 cr2.5%
Other expenses₹49 cr10.4%
Tax expense₹15 cr3.1%
Profit for the period₹44 cr9.3%
Total income ₹473 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue450 cr448 cr471 cr
Total income452 cr449 cr473 cr
Expenses396 cr399 cr414 cr
Profit before tax56 cr51 cr59 cr
Tax14 cr10 cr15 cr
Net profit (owners' share)42 cr40 cr44 cr
Net margin (owners' share, on revenue)9.4%9.0%9.4%
EPS (₹)7.377.057.71
YoY (latest quarter): total income +32.8% · net profit +42.3%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,838 cr
Shareholder equity
₹1,082 cr
parent shareholders
Total debt
₹344 cr
Cash
₹3 cr
Cash flow · H1 FY26
Operating
₹30 cr
Investing
₹-35 cr
Financing
₹-9 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
0.17%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 30 Jan 2026
ActionDetailEx-date
Dividend₹2 / share30 Jan 2026
Who owns it · 2026-06-30
No pledge
Promoter
50.9%
FII / Foreign
0.3%
DII / Domestic
19.9%
Retail / others
28.8%
Smart-money activity
Insider trades
SoldArchit Aggarwal · Director43.75 L · ₹302.3 cr24 Mar 26
SoldGian Parkash Aggarwal · Immediate relative2.80 L · ₹21.1 cr14 Nov 25
SoldGian Parkash Aggarwal · Immediate relative2.50 L · ₹18.8 cr14 Nov 25
Bulk / block deals
short · NSE33 Sep 26
short · NSE502 Sep 26
short · NSE2720 Nov 25
Stake changes
BoughtVistra ITCL (India) Limited→ 3.28% · 18.75 L30 Mar 26
BoughtVistra ITCL (India) Limited (Vistra ITCL) (In our capacity as Debenture Trustee/Security Trustee)→ 6.38% · 36.55 L11 Mar 26
BoughtVistra ITCL (India) Limited→ 4.37% · 25.00 L11 Mar 26
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 · 31 Jul 2025
See the official result
1
TO CONSIDER AND ADOPT THE STANDALONE AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON. To consider and, if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution: RESOLVED THAT the Audited Standalone and Consolidated Financial Statement of the Company for the Financial Year ended 31 March, 2025 including the Audited Balance Sheet as at 31 March, 2025, the Statement of Profit and Loss for the year ended on that date and Statement of Cash Flow for the year ended 31 March, 2025 and the reports of the Board of Directors and Auditors thereon laid before this meeting be and are hereby considered and adopted.
Backed by 100% of shareholders other than promotersneeded 50%
2.26 cr votes for, 0 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Archit Aggarwal, Non-Executive Director (DIN: 08127356), who retires by rotation and being eligible, offers himself for re-appointment. To consider and, if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution: RESOLVED THAT pursuant to the provisions of Section 152 and all other applicable provisions of the Companies Act, 2013 read with Rules framed thereunder, including any statutory modification(s) or re-enactment(s) thereof for the time being in force, the approval of the members of the Company be and is hereby accorded to the re-appointment of Mr. Archit Aggarwal, Non-Executive Director (DIN: 08127356), as Non-Executive Director of the Company, to the extent that he is required to retire by rotation.
Backed by 76% of shareholders other than promotersneeded 50%
1.71 cr votes for, 54.93 L against · 53% of mutual funds and other big investors said no
3
To appoint Jaspreet Dhawan and Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company for a term of five consecutive years. To consider and, if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution: RESOLVED THAT pursuant to the provisions of Section 204 of the Companies Act, 2013 read with applicable rules made thereunder and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with circulars issued thereunder from time to time, (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) and subject to receipt of such other approvals, consents and permissions as may be required, the consent of the members be and is hereby accorded for the appointment of Jaspreet Dhawan and Associates, Peer Reviewed Practicing Company Secretaries (FCS No. 9372) as the Secretarial Auditors of the Company to conduct Secretarial audit for a term of 5 (five) consecutive years commencing from FY 2025-26 till FY 2029-30, who shall conduct Secretarial Audit and issue the Secretarial Audit Reports of the Company for the said period, at a remuneration as may be mutually decided between the said Auditor and the Board of Directors of the Company, in addition to reimbursement of all out-of-pocket expenses, to be incurred by them in connection with the Secretarial Audit. RESOLVED FURTHER THAT the Board of the company, be and is hereby authorized to do all such acts, deeds, things and to sign all such documents and writings as may be necessary to give effect to this resolution and for matters connected therewith or incidental thereto.
Backed by 74% of shareholders other than promotersneeded 50%
1.67 cr votes for, 58.80 L against · 57% of mutual funds and other big investors said no
4
To ratify the remuneration payable to Gurvinder Chopra and Co., Cost Auditors of the Company for the FY 2026 To consider and, if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution: RESOLVED THAT pursuant to the provisions of Section 148 of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014, and the Companies (Cost Records and Audit) Rules, 2014, (including any statutory amendment(s), modification(s) or re-enactment(s) thereof, for the time being in force) and pursuant to the recommendation of the Audit Committee and the Board of Directors at their respective meetings held on 19 May 2025 , the remuneration payable to Gurvinder Chopra and Co., Cost Accountants (Firm Registration No. 100260), who were appointed by the Board of Directors of the Company to conduct the audit of the Cost records of the Company for the FY 2026 amounting to Rs.80,000 (Rupees Eighty Thousand Only) plus applicable GST and reimbursement of travelling and out of pocket expenses be and is hereby ratified and approved. RESOLVED FURTHER THAT the Board of Directors of the Company, be and are hereby authorised to do all such acts, deeds, matters and things as may be deemed necessary in connection therewith and incidental thereto.
Backed by 100% of shareholders other than promotersneeded 50%
2.26 cr votes for, 64 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 — 42 named members
owning 50.9% between them · as of 2026-06-30
MANOJ LOHARIWALA29.07%
VINAY KUMAR LOHARIWALA21.81%
CHHAVI LOHARIWALA0.01%
VANDANA LOHARIWALA0.01%
Aarohi Aggarwalno shares
Anju Jajodiano shares
Anushka Lohariwalano shares
Azine Healthcare Private Limitedno 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.

₹320 cr raised in Dec 2023 by selling shares to the public

As of Jun 2025, the company says it has spent 100% of what it set aside. CRISIL Ratings Limited watches the spending on the exchange’s behalf.

Repayment and/or prepayment, in part or in full, of certain outstanding loansof the company
100%
₹144 cr of ₹144 cr
Investment in the subsidiary, UML, for repayments and/or prepayment n part or full of outstandng loans availed by UML
100%
₹24 cr of ₹24 cr
funding working capital requirements of the company
100%
₹72 cr of ₹72 cr
general corporate purposes
spent more than set aside
102%
₹54 cr of ₹53 cr

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.