LINCOLNHealthcare

Lincoln Pharmaceuticals Limited

Pharmaceuticals · ISIN INE405C01035 · BSE 531633 · NSE EQ · FV ₹10
Last price
₹601
+1.69%today
What this company does

Lincoln Pharmaceuticals Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹177 cr of revenue in its latest quarter (Q1 FY27) and kept 20.4% of sales as profit.

The Company is engaged in the business of manufacturing and trading of pharmaceutical products.
In the report:
78out of 100
Equitytale Health Score
Solid

Healthier than 78% of companies in Healthcare, on all six measures of filed financials. 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)
44

At close. Not part of the score.

Profitability & returns78

How much profit it earns on the money it employs

Balance sheet91

How much it owes, and whether earnings cover the interest

Cash quality71

Whether reported profit actually arrives as cash

Growth & consistency49

Whether sales and profit have grown, and how steadily

Valuation83

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 20% net margin
Sales up 15% vs last year
Profit up 31% vs last year
Promoters hold 50%
No promoter shares pledged
Strong 19% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in LINCOLN?

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 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, 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 We do not publish price targets or predict returns.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
₹601 +1.69%
latest close · 2026-09-17
1-year return
+84.3%
52-wk low ₹25552-wk high ₹648
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 ratio8.3Low
LowAverageHigh
P/B ratio1.59Moderate
Below bookModerateHigh
EV / EBITDA5.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.1%Strong
WeakFairStrong ▸15%
Return on capital24.5%Strong
WeakFairStrong
Net margin20.4%Strong
ThinDecentStrong
EBITDA margin29.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover184.8×Strong
RiskyOkayStrong ▸5×
Current ratio5.25Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,203 cr
Book value
₹378
EPS
₹18.09
latest quarter
Net debt
₹-17 cr
more cash than debt
Enterprise value
₹1,186 cr
EBITDA
₹207 cr
annualised
EBIT
₹191 cr
annualised
Operating margin
27.0%
Return on assets
16.3%
Earnings yield
12.05%
P/S
1.70
Sales / share
₹354.0
Tax rate
23.8%
Face value
₹10
Shares
2.0 cr
Working capital
₹472 cr
Current assets
₹583 cr
Current liabilities
₹111 cr
Delivery %
50.7%
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
Looks overpricedMedium confidence
Median of 2 models ₹492 vs market price ₹601 — price is 22% above it
Safety cushion-22.2%(target ≥ +20%)
Models span ₹348₹635, midpoint ₹492
Model ₹492
Price ₹601
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₹177 cr
Other Income₹24 cr
Total Income₹202 cr
Cost of Materials₹59 cr
Purchases of Stock-in-Trade₹21 cr
Inventory Change (±)₹6 cr
Employee Benefit Expense₹33 cr
Finance Costs₹25.9 L
Depreciation & Amortisation₹4 cr
Other Expenses₹31 cr
Total Expenses₹154 cr
Profit before Tax₹48 cr
Tax Expense₹11 cr
Net Profit₹36 cr
Net margin on total income18.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹85 cr42.2%
Employee benefit expense₹33 cr16.5%
Finance costs₹25.9 L0.1%
Depreciation & amortisation₹4 cr1.9%
Other expenses₹31 cr15.6%
Tax expense₹11 cr5.6%
Profit for the period₹36 cr18.0%
Total income ₹202 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue166 cr187 cr177 cr
Total income181 cr183 cr202 cr
Expenses147 cr166 cr154 cr
Profit before tax35 cr17 cr48 cr
Tax6 cr5 cr11 cr
Net profit (owners' share)29 cr12 cr36 cr
Net margin (owners' share, on revenue)17.2%6.2%20.4%
EPS (₹)14.285.8118.09
YoY (latest quarter): total income +19.0% · net profit +30.9%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹890 cr
Shareholder equity
₹758 cr
parent shareholders
Total debt
₹4 cr
Cash
₹22 cr
Cash flow · H1 FY26
Operating
₹50 cr
Investing
₹-42 cr
Financing
₹-68.6 L
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
0.30%
trailing 12 months
Dividend / share (TTM)
₹1.8
Last dividend
₹1.8
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹1.8 / share11 Sep 2026
Dividend₹1.8 / share12 Sep 2025
Dividend₹1.8 / share13 Sep 2024
Dividend₹1.5 / share15 Sep 2023
Dividend₹1.5 / share15 Sep 2022
Dividend₹1.5 / share16 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
49.8%
FII / Foreign
4.6%
DII / Domestic
0.3%
Retail / others
45.3%
Promoter stake up 1.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMunjal Mahendrabhai Patel · Promoter Group13,500 · ₹73.1 L4 Jun 24
BoughtMunjal Mahendrabhai Patel · Promoter Group20,000 · ₹1.1 cr3 Jun 24
BoughtMunjal Mahendrabhai Patel · Promoter Group15,000 · ₹84.7 L31 May 24
Bulk / block deals
BoughtQE SECURITIES LLP · NSE1.10 L @ ₹701.4629 Apr 26
SoldQE SECURITIES LLP · NSE1.07 L @ ₹709.2829 Apr 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE2.08 L @ ₹707.9329 Apr 26
Stake changes
BoughtMunjal Mahendrabhai Patel · promoter→ 13.37% · 13,5004 Jun 24
BoughtMunjal Mahendrabhai Patel · promoter→ 13.30% · 35,0003 Jun 24
SoldPatel Nishitkumar Maheshbhai alongwith PAC · promoter→ 0.76% · 1,00027 Feb 24
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 · 30 Sep 2025
See the official result
1
Adopt the Audited Financial Statements (Standalone and consolidated ) of the Company for the Financial year ended 31st March, 2025 together with the auditors report theron and the report of the board of directors of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
21.11 L votes for, 837 against · 0% of mutual funds and other big investors said no
2
To declare dividend on Equity shares @ Rs. 1.80 (18%) per share for the financial year 2024-25.
Backed by 100% of shareholders other than promotersneeded 50%
21.21 L votes for, 837 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Ashish Rajanikant Patel [DIN: 01309017], Director who retires by rotation.
Promoters had a personal stake in this
Backed by 80% of shareholders other than promotersneeded 50%
16.92 L votes for, 4.30 L against · 83% of mutual funds and other big investors said no
4
Re-appointment of Mr. Rajanikant Gulabdas Patel [DIN:00104786], Director who retires by rotation.
Promoters had a personal stake in this
Backed by 76% of shareholders other than promotersneeded 50%
16.08 L votes for, 5.14 L against · 100% 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 — 29 named members
owning 49.8% between them · as of 2026-06-30
Munjal Mahendrabhai Patel13.37%
Ashish Rajanikant Patel10.60%
Rajanikant Gulabdas Patel3.78%
Mahendrabhai Gulabdas Patel3.37%
Sunmed Corporation Llp2.50%
Kailashben Mahendrabhai Patel2.40%
Downtown Travels Llp2.37%
Hasmukhbhai Ishwarbhai Patel1.87%
Business done with them
FY2025 · 8 of the group
The company paid ₹18 cr to companies in the promoter group last year — about 2.9% of its ₹623 cr revenue and received ₹3 cr back from them.
DOWNTOWN FINANCE PRIVATE LIMITED
Contribution made to them · Advance Given Advance Settled Loan Repaid Loan Received Interest Income on Loan Given Dividend Paid
also owns 0.53% of the company
₹15 cr
company paid
DOWNTOWN FINANCE PRIVATE LIMITED
Contribution received from them · Advance Given Advance Settled Loan Repaid Loan Received Interest Income on Loan Given Dividend Paid
also owns 0.53% of the company
₹2 cr
company received
MUNJAL MAHENDRABHAI PATEL
Other payments to them · Remuneration Dividend Paid
also owns 13.37% of the company
₹69.6 L
company paid
Downtown Travels LLP
Other payments to them · Travelling expenses Staff Welfare Expenses Dividend Paid
also owns 2.37% of the company
₹61.7 L
company paid
MAHENDRABHAI GULABDAS PATEL
Other payments to them · Remuneration, Dividend Paid, Rent
also owns 3.37% of the company
₹50.6 L
company paid
MUNJAL MAHENDRABHAI PATEL
Contribution made to them · Remuneration Dividend Paid
also owns 13.37% of the company
₹48.2 L
company paid
HASHMUKHBHAI ISHWARLAL PATEL
Other payments to them · Remuneration Dividend Paid
₹38.1 L
company paid
DOWNTOWN FINANCE PRIVATE LIMITED
Other income from them · Advance Given Advance Settled Loan Repaid Loan Received Interest Income on Loan Given Dividend Paid
also owns 0.53% of the company
₹18.1 L
company received
MAHENDRABHAI GULABDAS PATEL
Contribution made to them · Remuneration, Dividend Paid, Rent
also owns 3.37% of the company
₹12.2 L
company paid
Sunmed Corporation LLP
Other income from them · Commission Dividend Paid
also owns 2.50% of the company
₹12 L
company received
Sunmed Corporation LLP
Contribution made to them · Commission Dividend Paid
also owns 2.50% of the company
₹9 L
company paid
Downtown Travels LLP
Contribution made to them · Travelling expenses Staff Welfare Expenses Dividend Paid
also owns 2.37% of the company
₹8.6 L
company paid
HASHMUKHBHAI ISHWARLAL PATEL
Contribution made to them · Remuneration Dividend Paid
₹6.7 L
company paid
MAHENDRABHAI GULABDAS PATEL
Leases As Lessor · Remuneration, Dividend Paid, Rent
also owns 3.37% of the company
₹6.5 L
company received
Shivani B Shah
Contribution made to them · Dividend Paid
₹3.7 L
company paid
Aniruddh H Patel
Contribution made to them · Dividend Paid
also owns 0.43% of the company
₹1.6 L
company paid

The company also transacted with 15 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.