LALPATHLABHealthcare

Dr. Lal Path Labs Ltd.

Healthcare Service Provider · ISIN INE600L01024 · BSE 539524 · NSE EQ · FV ₹10
Last price
₹1,925
+1.53%today
What this company does

Dr. Lal Path Labs Ltd. operates in Healthcare Service Provider, part of the Healthcare sector. It booked ₹798 cr of revenue in its latest quarter (Q1 FY27) and kept 21.2% of sales as profit. It is the largest of 9 Healthcare Service Provider companies we track, by market value.

Statutory Reports Financial Statements Behind every one of these milestones is a conviction that has defined this organisation for over 75 years: that when diagnostics is done with genuine precision, it does not just inform treatment, it changes lives. The future of diagnostics is not a distant ambition.
In the report:
75out of 100
Equitytale Health Score
Solid

Healthier than 75% 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)
59

At close. Not part of the score.

Profitability & returns89

How much profit it earns on the money it employs

Balance sheet89

How much it owes, and whether earnings cover the interest

Cash quality64

Whether reported profit actually arrives as cash

Growth & consistency73

Whether sales and profit have grown, and how steadily

Valuation30

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
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Strong 21% net margin
Sales up 19% vs last year
Profit up 28% vs last year
Promoters hold 53%
No promoter shares pledged
Strong 27% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in LALPATHLAB?

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 4% a year, it would become
₹14.72 lakh

The slider starts at 4%, 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
₹1,925 +1.53%
latest close · 2026-09-17
1-year return
+1.3%
52-wk low ₹90352-wk high ₹2,123
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 ratio47.4High
LowAverageHigh
P/B ratio12.86High
Below bookModerateHigh
EV / EBITDA28.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity27.0%Strong
WeakFairStrong ▸15%
Return on capital34.9%Strong
WeakFairStrong
Net margin21.2%Strong
ThinDecentStrong
EBITDA margin35.0%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover37.3×Strong
RiskyOkayStrong ▸5×
Current ratio3.48Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹32,258 cr
Book value
₹150
EPS
₹10.15
latest quarter
Net debt
₹-243 cr
more cash than debt
Enterprise value
₹32,015 cr
EBITDA
₹1,118 cr
annualised
EBIT
₹940 cr
annualised
Operating margin
29.5%
Return on assets
21.6%
Earnings yield
2.11%
P/S
10.11
Sales / share
₹190.4
Tax rate
25.4%
Face value
₹10
Shares
16.8 cr
Working capital
₹1,116 cr
Current assets
₹1,567 cr
Current liabilities
₹451 cr
Delivery %
54.4%
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 ₹311₹396, midpoint ₹353

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₹798 cr
Other Income₹32 cr
Total Income₹830 cr
Cost of Materials₹152 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹133 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹44 cr
Other Expenses₹266 cr
Total Expenses₹601 cr
Profit before Tax₹229 cr
Tax Expense₹58 cr
Net Profit₹171 cr
Net margin on total income20.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹152 cr18.3%
Employee benefit expense₹133 cr16.0%
Finance costs₹6 cr0.8%
Depreciation & amortisation₹44 cr5.4%
Other expenses₹266 cr32.0%
Tax expense₹58 cr7.0%
Profit for the period₹171 cr20.6%
Total income ₹830 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue660 cr703 cr798 cr
Total income684 cr727 cr830 cr
Expenses530 cr567 cr601 cr
Profit before tax124 cr160 cr229 cr
Tax33 cr28 cr58 cr
Net profit (owners' share)91 cr131 cr170 cr
Net margin (owners' share, on revenue)13.7%18.7%21.2%
EPS (₹)5.427.8610.15
YoY (latest quarter): total income +18.9% · net profit +28.0%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹3,146 cr
Shareholder equity
₹2,508 cr
parent shareholders
Total debt
₹0 cr
Cash
₹243 cr
Cash flow · H1 FY26
Operating
₹324 cr
Investing
₹-388 cr
Financing
₹-113 cr
Peer comparison
Healthcare Service Provider · by market value
CompanyPriceMarket capP/E
Dr. Lal Path Labs Ltd.this company₹1,925₹32,258 cr47.4
Vijaya Diagnostic Centre Limited₹1,506₹15,497 cr73.0
Metropolis Healthcare Limited₹586₹12,156 cr53.7
Thyrocare Technologies Limited₹559₹8,902 cr43.3
Nephrocare Health Services Limited₹735₹7,376 cr57.6
Krsnaa Diagnostics Limited₹541₹1,755 cr26.5
Suraksha Diagnostic Limited₹329₹1,713 cr32.9
Health X Platform Limited₹300₹954 cr93.8
Gaudium IVF and Women Health Limited₹115₹836 cr114.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.01%
trailing 12 months
Dividend / share (TTM)
₹19.5
Last dividend
₹5
ex 30 Jul 2026
ActionDetailEx-date
Dividend₹5 / share30 Jul 2026
Dividend₹4 / share25 Jun 2026
Dividend₹3.5 / share5 Feb 2026
Bonus issue1:119 Dec 2025
Dividend₹7 / share7 Nov 2025
Dividend₹6 / share6 Aug 2025
Who owns it · 2026-06-30
No pledge
Promoter
53.2%
FII / Foreign
17.4%
DII / Domestic
21.6%
Retail / others
7.5%
Promoter stake down 1.4% over the last 12 quarters.
Smart-money activity
Insider trades
SoldMrinal Kapoor · Designated Person2,000 · ₹38.3 L15 Sep 26
SoldJai Prakash Meena · Designated Person1,000 · ₹19.6 L9 Sep 26
SoldSanjay Kulshreshtha · Designated Person1,500 · ₹28.9 L9 Sep 26
Bulk / block deals
short · NSE518 Jun 26
short · NSE7119 Mar 26
short · NSE149 Mar 26
Stake changes
SoldWasatch Advisors LP→ 4.96% · 1.57 L13 Sep 24
BoughtWasatch Advisors, Inc.→ 7.04% · 16.70 L22 Nov 22
BoughtWasatch Advisors, Inc.→ 7.04% · 16.70 L22 Nov 22
What shareholders were asked to approve
5 proposals 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.

Postal ballot · 7 Dec 2025
See the official result
1
Approval of ‘Dr. Lal PathLabs Employee Restricted Stock Unit Plan 2025’
⚑ Passed only because promoters voted yes
Backed by 50% of shareholders other than promotersneeded 75%
1.52 cr votes for, 1.51 cr against · 51% of mutual funds and other big investors said no
2
Approval of grant of Options to the employees of the Subsidiary Company(ies) of the Company under ‘Dr. Lal PathLabs Employee Restricted Stock Unit Plan 2025’
⚑ Passed only because promoters voted yes
Backed by 50% of shareholders other than promotersneeded 75%
1.52 cr votes for, 1.51 cr against · 51% of mutual funds and other big investors said no
3
Approval of secondary acquisition of shares through Trust route for the implementation of ‘Dr. Lal PathLabs Employee Restricted Stock Unit Plan 2025’
⚑ Passed only because promoters voted yes
Backed by 60% of shareholders other than promotersneeded 75%
1.82 cr votes for, 1.22 cr against · 41% of mutual funds and other big investors said no
4
Provision of money to be provided by the Company for purchase of its own Shares by the Trust under ‘Dr. Lal PathLabs Employee Restricted Stock Unit Plan 2025’
⚑ Passed only because promoters voted yes
Backed by 60% of shareholders other than promotersneeded 75%
1.82 cr votes for, 1.22 cr against · 41% of mutual funds and other big investors said no
5
Approval of Reduction of Options Reserve under ‘Dr. Lal PathLabs Employee Stock Option Plan 2022’
⚑ Passed only because promoters voted yes
Backed by 67% of shareholders other than promotersneeded 75%
2.05 cr votes for, 98.95 L against · 34% 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 — 4 named members
owning 53.2% between them · as of 2026-06-30
Arvind Lal30.14%
Vandana Lal19.19%
Anjaneya Lal2.02%
Archana Lal Erdmann1.84%
Business done with them
FY2026 · 3 of the group
The company paid ₹54 cr to companies in the promoter group last year — about 2.0% of its ₹2,763 cr revenue.
Dr. Vandana Lal
Other payments to them · Mentioned in the Respective Head/Footnote of the Value Entered
also owns 19.19% of the company
₹45 cr
company paid
Mr. Anjaneya Lal
Other payments to them · Mentioned in the Respective Head/Footnote of the Value Entered
also owns 2.02% of the company
₹5 cr
company paid
Dr. Archana Lal Erdmann
Other payments to them · Mentioned in the Respective Head/Footnote of the Value Entered
also owns 1.84% of the company
₹4 cr
company paid

The company also transacted with 20 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.