MOREPENLABHealthcare

Morepen Laboratories Limited

Pharmaceuticals · ISIN INE083A01026 · BSE 500288 · NSE EQ · FV ₹2
Last price
₹121
+5.08%today
What this company does

Morepen Laboratories Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹570 cr of revenue in its latest quarter (Q1 FY27) and kept 9.9% of sales as profit.

Morepen is the largest supplier and manufacturer of Loratadine in terms of volume (kg) in FY24 with a 35% market share.
Morepen is the largest supplier and manufacturer of Montelukast in terms of volume (kg) in FY24 with a 44% market share.
Morepen is the largest supplier and manufacturer of Desloratadine in terms of volume (kg) in FY24 with a 26% market share.
In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% 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)
69

At close. Not part of the score.

Profitability & returns65

How much profit it earns on the money it employs

Balance sheet60

How much it owes, and whether earnings cover the interest

Cash quality8

Whether reported profit actually arrives as cash

Growth & consistency71

Whether sales and profit have grown, and how steadily

Valuation60

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 34% vs last year
Profit up 425% vs last year
No promoter shares pledged
Strong 18% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in MOREPENLAB?

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 We do not publish price targets or predict returns.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
₹121 +5.08%
latest close · 2026-09-17
1-year return
+132.1%
52-wk low ₹3252-wk high ₹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 ratio29.3Average
LowAverageHigh
P/B ratio5.30High
Below bookModerateHigh
EV / EBITDA19.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.1%Strong
WeakFairStrong ▸15%
Return on capital22.0%Strong
WeakFairStrong
Net margin9.9%Decent
ThinDecentStrong
EBITDA margin15.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.16Comfortable
LowModerateHigh ▸1
Interest cover16.4×Strong
RiskyOkayStrong ▸5×
Current ratio2.37Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹6,606 cr
Book value
₹23
EPS
₹1.03
latest quarter
Net debt
₹164 cr
owes more than its cash
Enterprise value
₹6,769 cr
EBITDA
₹351 cr
annualised
EBIT
₹317 cr
annualised
Operating margin
13.9%
Return on assets
11.7%
Earnings yield
3.42%
P/S
2.90
Sales / share
₹41.6
Tax rate
24.4%
Face value
₹2
Shares
54.8 cr
Working capital
₹673 cr
Current assets
₹1,164 cr
Current liabilities
₹490 cr
Delivery %
28.3%
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 2024 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 ₹12₹30, midpoint ₹13

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₹570 cr
Other Income₹5 cr
Total Income₹575 cr
Cost of Materials₹328 cr
Purchases of Stock-in-Trade₹10 cr
Inventory Change (±)₹-19 cr
Employee Benefit Expense₹62 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹8 cr
Other Expenses₹106 cr
Total Expenses₹501 cr
Profit before Tax₹75 cr
Tax Expense₹18 cr
Share of JV / Associates₹5.4 L
Net Profit₹56 cr
Net margin on total income9.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹319 cr55.4%
Employee benefit expense₹62 cr10.9%
Finance costs₹5 cr0.8%
Depreciation & amortisation₹8 cr1.5%
Other expenses₹106 cr18.5%
Tax expense₹18 cr3.2%
Profit for the period₹56 cr9.8%
Total income ₹575 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue484 cr485 cr570 cr
Total income488 cr493 cr575 cr
Expenses453 cr470 cr501 cr
Profit before tax35 cr23 cr75 cr
Tax8 cr8 cr18 cr
Net profit (owners' share)28 cr16 cr56 cr
Net margin (owners' share, on revenue)5.7%3.2%9.9%
EPS (₹)0.500.281.03
YoY (latest quarter): total income +33.9% · net profit +424.7%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,936 cr
Shareholder equity
₹1,246 cr
parent shareholders
Total debt
₹195 cr
Cash
₹31 cr
Cash flow · H1 FY26
Operating
₹16 cr
Investing
₹-54 cr
Financing
₹44 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
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.2
ex 29 Aug 2025
ActionDetailEx-date
Dividend₹0.2 / share29 Aug 2025
Who owns it · 2026-06-30
No pledge
Promoter
35.6%
FII / Foreign
1.5%
DII / Domestic
1.3%
Retail / others
61.6%
Promoter stake down 2.6% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtLiquid Holdings Private Limited · Promoter Group50.00 L · ₹12.5 cr21 Sep 22
BoughtMid-Med Financial Services and Investments Private Limited · Promoter Group35.00 L · ₹8.8 cr21 Sep 22
BoughtReact Investments and Financial Services Private Limited · Promoter Group35.00 L · ₹8.8 cr21 Sep 22
Bulk / block deals
SoldHRTI PRIVATE LIMITED · NSE28.14 L @ ₹107.1816 Sep 26
BoughtHRTI PRIVATE LIMITED · NSE25.28 L @ ₹106.1216 Sep 26
short · NSE19 Sep 26
Stake changes
BoughtLiquid Holdings Private Limited along with PACs · promoter→ 34.54% · 3.50 cr26 Mar 21
BoughtSushil Suri For and on behalf of Acquirers alongwith PACs · promoter→ 34.54% · 3.50 cr25 Mar 21
BoughtPinfold Overseas Limited. · promoter→ 8.57% · 2.89 cr28 Nov 16
Promoter pledges
ReleasedSICOM LImited6.10 L · 0.13% held29 Oct 16
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 · 6 Sep 2025
See the official result
1
Consideration and adoption of the audited financial statements, including consolidated financial statements, of the company for the financial year ended 31st March 2025 together with the reports of the Directors' and Auditors' thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.46 cr votes for, 24,089 against · 0% of mutual funds and other big investors said no
2
Declaration of the final dividend of ₹0.20/- per equity share of the face value of ₹2/- each, for the financial year ended 31st March 2025.
Backed by 100% of shareholders other than promotersneeded 50%
4.48 cr votes for, 17,563 against · 0% of mutual funds and other big investors said no
3
Appointment of a director in place of Mr. Sanjay Suri (DIN: 00041590), who retires by rotation at this Annual General Meeting and being eligible, offers himself for reappointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
4.47 cr votes for, 1.00 L against · 0% of mutual funds and other big investors said no
4
Ratification of remuneration of M/s. Vijender Sharma & Co., Cost Accountants, as Cost Auditors of the company.
Backed by 100% of shareholders other than promotersneeded 50%
4.47 cr votes for, 29,040 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 — 52 named members
owning 35.6% between them · as of 2026-06-30
SCOPE CREDITS AND FINANCIAL SERVICES PVT. LTD.2.84%
CONCEPT CREDITS AND CONSULTANTS PVT. LTD.2.80%
BROOK INVESTMENTS AND FINANCIAL SERVICES PVT. LTD2.77%
SOLITARY INVESTMENTS AND FINANCIAL SERVICES PVT. LTD.2.76%
SOLACE INVESTMENTS AND FINANCIAL SERVICES PVT. LTD.2.75%
MID MED FINANCIAL SERVICES AND INVESTMENTS PVT. LTD.2.73%
REACT INVESTMENTS AND FINANCIAL SERVICES PVT. LTD.2.73%
EPITOME HOLDINGS PVT.LTD.2.65%
Business done with them
FY2025 · 9 of the group
The company paid ₹10 cr to companies in the promoter group last year — about 0.5% of its ₹1,812 cr revenue and received ₹5 cr back from them.
SUSHIL SURI
Other payments to them · REMUNERATION
also owns 1.00% of the company
₹3 cr
company paid
ANUBHAV SURI
Contribution received from them · SALARY
also owns 0.14% of the company
₹2 cr
company received
ANUBHAV SURI
Other payments to them · SALARY
also owns 0.14% of the company
₹2 cr
company paid
SUNITA SURI
Contribution received from them · SALARY
also owns 0.58% of the company
₹1 cr
company received
SARA SURI
Contribution received from them · SALE - PURCHASE
also owns 0.13% of the company
₹1 cr
company received
SANJAY SURI
Other payments to them · REMUNERATION
also owns 0.62% of the company
₹1 cr
company paid
VARUN SURI
Other payments to them · SALARY
also owns 0.56% of the company
₹1 cr
company paid
MAMTA SURI
Other payments to them · SALARY
also owns 0.55% of the company
₹71.3 L
company paid
SUNITA SURI
Other payments to them · SALARY
also owns 0.58% of the company
₹48.7 L
company paid
SHALU SURI
Other payments to them · SALARY
also owns 0.37% of the company
₹48.3 L
company paid
RAJAS SURI
Other payments to them · SALARY
also owns 0.03% of the company
₹48 L
company paid
SANJAY SURI
Contribution received from them · REMUNERATION
also owns 0.62% of the company
₹28.8 L
company received
VARUN SURI
Contribution received from them · SALARY
also owns 0.56% of the company
₹28.8 L
company received
SUSHIL SURI
Contribution received from them · REMUNERATION
also owns 1.00% of the company
₹28.8 L
company received

The company also transacted with 16 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.