NEULANDLABHealthcare

Neuland Laboratories Limited

Pharmaceuticals · ISIN INE794A01010 · BSE 524558 · NSE EQ · FV ₹10
Last price
₹19,576
+0.78%today
What this company does

Neuland Laboratories Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹450 cr of revenue in its latest quarter (Q2 FY27) and kept 11.5% of sales as profit.

In the report:
51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 37–153 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)
39

At close. Not part of the score.

Profitability & returns43

How much profit it earns on the money it employs

Balance sheet54

How much it owes, and whether earnings cover the interest

Cash quality47

Whether reported profit actually arrives as cash

Growth & consistency87

Whether sales and profit have grown, and how steadily

Valuation10

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

Governance & risk74

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
✓ Turns profit into real cash
Watch-outs
! Sales down 13% vs last year
! Profit down 47% vs last year
! 2.3% of promoter stake pledged

What if I invest in NEULANDLAB?

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 We do not publish price targets or predict returns.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
₹19,576▲ +0.78%
latest close · 2026-11-04
1-year return
+1083.6%
52-wk low ₹96752-wk high ₹24,225
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 ratio121.6High
LowAverageHigh
P/B ratio12.44High
Below bookModerateHigh
EV / EBITDA60.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.2%Fair
WeakFairStrong ▸15%
Return on capital12.7%Fair
WeakFairStrong
Net margin11.5%Decent
ThinDecentStrong
EBITDA margin23.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.17Comfortable
LowModerateHigh ▸1
Interest cover10.4×Strong
RiskyOkayStrong ▸5×
Current ratio2.25Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹25,254 cr
Book value
₹1,573
EPS
₹40.24
latest quarter
Net debt
₹289 cr
owes more than its cash
Enterprise value
₹25,543 cr
EBITDA
₹420 cr
annualised
EBIT
₹305 cr
annualised
Operating margin
17.0%
Return on assets
6.8%
Earnings yield
0.82%
P/S
14.04
Sales / share
₹1,394.2
Tax rate
25.2%
Face value
₹10
Shares
1.3 cr
Working capital
₹771 cr
Current assets
₹1,390 cr
Current liabilities
₹619 cr
Delivery %
48.6%
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 2026-11-04.

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 ₹3,138–₹4,027, midpoint ₹3,583

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 · Q2 FY27 (consolidated)
Revenue from Operations₹450 cr
Other Income₹7 cr
Total Income₹457 cr
Cost of Materials₹216 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-65 cr
Employee Benefit Expense₹102 cr
Finance Costs₹7 cr
Depreciation & Amortisation₹29 cr
Other Expenses₹99 cr
Total Expenses₹388 cr
Profit before Tax₹69 cr
Tax Expense₹17 cr
Net Profit₹52 cr
Net margin on total income11.3%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹151 cr33.0%
Employee benefit expense₹102 cr22.3%
Finance costs₹7 cr1.6%
Depreciation & amortisation₹29 cr6.3%
Other expenses₹99 cr21.7%
Tax expense₹17 cr3.8%
Profit for the period₹52 cr11.3%
Total income ₹457 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue776 cr642 cr450 cr
Total income789 cr650 cr457 cr
Expenses501 cr452 cr388 cr
Profit before tax287 cr198 cr69 cr
Tax75 cr50 cr17 cr
Net profit (owners' share)213 cr148 cr52 cr
Net margin (owners' share, on revenue)27.4%23.0%11.5%
EPS (₹)165.76115.1040.24
YoY (latest quarter): total income -11.4% · net profit -46.7%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹3,030 cr
Shareholder equity
₹2,030 cr
parent shareholders
Total debt
₹342 cr
Cash
₹54 cr
Cash flow · H1 FY27
Operating
₹362 cr
Investing
₹-370 cr
Financing
₹-14 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,770₹4.25 L cr53.3
Divi's Laboratories Limited₹10,064₹2.67 L cr74.1
Torrent Pharmaceuticals Limited₹4,650₹1.77 L cr82.7
Laurus Labs Limited₹2,323₹1.26 L cr71.1
Zydus Lifesciences Limited₹1,241₹1.24 L cr33.2
Dr. Reddy's Laboratories Limited₹1,368₹1.14 L cr30.8
Cipla Limited₹1,397₹1.13 L cr32.2
Mankind Pharma Limited₹2,475₹1.02 L cr35.9
Aurobindo Pharma Limited₹1,695₹97,502 cr23.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.17%
trailing 12 months
Dividend / share (TTM)
₹34
Last dividend
₹34
ex 24 Jul 2026
ActionDetailEx-date
Dividend₹34 / share24 Jul 2026
Dividend₹12 / share18 Jul 2025
Dividend₹14 / share12 Jul 2024
Dividend₹10 / share11 Jul 2023
Dividend₹5 / share14 Jul 2022
Dividend₹3 / share29 Jun 2021
Who owns it · 2026-09-30
⚑ 2.3% pledged
Promoter
32.3%
FII / Foreign
21.9%
DII / Domestic
16.3%
Retail / others
29.5%
Promoter stake down 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtDavuluri Saharsh Rao · Promoter and Director10,00028 Sep 26
SoldDavuluri Rohini Niveditha Rao · Promoter Group10,00028 Sep 26
SoldDavuluri Saharsh Rao · Promoters96,000 · ₹116.1 cr25 Mar 26
Bulk / block deals
short— · NSE3007 Oct 26
short— · NSE56 Oct 26
BoughtHDFC MUTUAL FUND · NSE64,547 @ ₹21,5856 Aug 26
Stake changes
SoldMalabar India Fund Limited→ 5.06% · 2.73 L14 Aug 26
SoldSaharsh Rao Davuluri · promoter→ 1.62% · 79,46228 Feb 25
BoughtDavuluri Ownership Trust · promoter→ 25.98% · 79,46228 Feb 25
Promoter pledges
PledgedAditya Birla Money Limited96,000 · 0.00% held25 Mar 26
ReleasedState Bank of India2.00 L · 1.56% held29 Mar 22
PledgedState Bank of India2.00 L · 0.00% held16 May 18
What shareholders were asked to approve
1 proposal 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 · 5 Nov 2025
See the official result
1
Re-designation of Mr. Davuluri Sucheth Rao (DIN: 00108880) as Executive Vice Chairman
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
31.11 L votes for, 13 against · 0% of mutual funds and other big investors said no
2
Re-designation of Mr. Davuluri Saharsh Rao (DIN: 02753145) as Chief Executive Officer and Managing Director
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
31.11 L votes for, 13 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 — 15 named members
owning 32.3% between them · as of 2026-09-30
Davuluri Ownership Trust (Dr. Davuluri Ramamohan Rao, Mr. Davuluri Sucheth Rao and Mr. Davuluri Saharsh Rao - Trustees)25.98%
DAVULURI SUCHETH RAO2.01%
RAMAMOHAN RAO DAVULURI1.63%
DAVULURI SAHARSH RAO1.60%
DAVULURI ROHINI NIVEDITHA RAO0.28%
GANNABATHULA VEERAVENKATA SATYANARAYANAMURTY0.24%
USHA RANI REDDY CHEVALLA0.17%
DEEPTHI DAVULURI0.10%
Business done with them
FY2026 · 3 of the group
The company paid ₹28 cr to companies in the promoter group last year — about 1.4% of its ₹2,023 cr revenue.
Mr. Davuluri Sucheth Rao
Other payments to them · Security deposit receivable and remuneration payable
also owns 2.01% of the company
₹14 cr
company paid
Mr. Davuluri Saharsh Rao
Other payments to them · Security deposit receivable and remuneration payable
also owns 1.60% of the company
₹14 cr
company paid
Mr. Davuluri Sucheth Rao
Leases As Lessor · Security deposit receivable and remuneration payable
also owns 2.01% of the company
₹1 cr
company received
Mr. Davuluri Saharsh Rao
Leases As Lessor · Security deposit receivable and remuneration payable
also owns 1.60% of the company
₹1 cr
company received
Mrs. Davuluri Vijaya Rao
Leases As Lessor · Security Deposit
also owns 0.04% of the company
₹96.3 L
company received

The company also transacted with 3 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.