On 6 Nov 2026, Choksi Laboratories was priced at ₹199.65, or 64.2× trailing earnings, against an industry P/E of 52.8×, and the shares are 12% below their 52-week high. Its ROCE of 12% is the second-lowest among the 7 largest Diagnostics & Research peers, and sales grew 10% a year over 3 years while net profit fell 15%. Debt is 1.34× equity. It is a small-cap company with a market cap of ₹139 Cr, ranked 12th of 18 Diagnostics & Research companies by market cap; the shares rose 36% over the past year.
- ₹200.00
- ₹200.05
- ₹196.50
- ₹201.50
- 349
Health check
- ReturnsAhead
+36.4% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 64.2 vs industry 52.8.
- GrowthSlow
Sales +10.1%, profit −15.1% a year over 3 years.
- ProfitabilityWeak
ROCE 12.3% vs peer median 19.1%.
- Balance sheetFair
Debt 1.34× equity, interest covered 2.1×, Piotroski 7 of 9.
- Red flags1 to check
Return on equity is low at 8.0%.
Small cap
Defensive
Key metrics
- Market cap
- ₹139 Cr
- Small cap
- P/E
- 64.2
- Industry 52.8
- Price to book
- 5.45
- Peers 11.99
- Dividend yield
- 0.00%
- ROE
- 8.0%
- Peers 17.7%
- ROCE
- 12.3%
- Peers 19.1%
- Debt to equity
- 1.34
- Debt ₹34 Cr
- EPS (TTM)
- ₹3.11
- OPM (TTM)
- 26.8%
- Net margin 4.6%
- Sales growth
- +7.3%
- Latest quarter vs a year ago
- Profit growth
- +51.3%
- Latest quarter vs a year ago
- Price to sales
- 2.97
- EV/EBITDA 13.8
Strengths and risks
Strengths
- Quarterly profit up 51.3% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 8.0%.
About Choksi Laboratories
Choksi Laboratories Limited provides contract testing and analytical services in India. The company offers construction material analysis; environmental management analysis, such as ambient and indoor air quality monitoring, fugitive emissions, stack emission monitoring, soil testing, waste water testing, sound level monitoring, and illumination survey; calibration services comprising electro technical, thermal, dimension, pressure, mass and volume,…
- Headquarters
- Indore
- Employees
- 364
- Sector
- Healthcare
- ISIN
- INE493D01013
- Website
- choksilab.in
Price range
- Avg volume (3M)
- 14.2K
- 1-year return
- plus 36.4%
- From 52-week high
- minus 12.4%
Peers · Diagnostics & Research
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SAILIFESai Life Sciences | 1,785.10 | plus 11.95% | 37,929 | 101.5 | 15.22 | 18.1% | 15.1% | 28.7% | 21.3% | 226.8% | 0.00% | plus 72.7% |
| LALPATHLABDr. Lal Path Labs | 1,970.00 | plus 0.16% | 32,941 | 56.5 | 11.99 | 25.7% | 22.6% | 30.2% | 11.1% | 28.3% | 1.02% | plus 24.7% |
| SYNGENESyngene International | 417.30 | plus 0.77% | 16,772 | 90.3 | 3.46 | 8.3% | 3.9% | 25.7% | 5.4% | −12.0% | 0.30% | minus 36.0% |
| VIJAYAVijaya Diagnostic Centre | 1,468.60 | plus 2.15% | 15,126 | 74.4 | 14.29 | 19.1% | 21.2% | 43.1% | 21.0% | 26.9% | 0.14% | plus 40.2% |
| METROPOLISMetropolis Healthcare | 568.75 | minus 0.39% | 11,803 | 52.8 | 7.17 | 15.7% | 14.6% | 21.7% | 12.7% | 10.0% | 0.35% | plus 12.5% |
| THYROCAREThyrocare Technologies | 493.10 | plus 0.68% | 7,848 | 55.0 | 14.75 | 33.8% | 26.4% | 32.2% | 16.7% | 36.2% | 1.89% | plus 8.3% |
| VIMTALABSVimta Labs | 496.45 | minus 2.14% | 2,219 | 27.9 | 4.52 | 21.0% | 17.7% | 34.7% | 8.9% | 17.2% | 0.40% | minus 23.3% |
| CHOKSILAChoksi Laboratories | 199.65 | minus 0.92% | 139 | 64.2 | 5.45 | 12.3% | 8.0% | 26.8% | 10.1% | −15.1% | 0.00% | plus 36.4% |
| Median of 7 peers | – | 0.68% | 15,126 | 56.5 | 11.99 | 19.1% | 17.7% | 30.2% | 12.7% | 26.9% | 0.35% | 12.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 11.2 | 11.1 | 10.8 | 12.8 | 12.1 | |
| 8.3 | 8.2 | 8.2 | 9.1 | 8.8 | |
| 2.9 | 2.9 | 2.6 | 3.7 | 3.3 | |
| 25.8% | 26.3% | 24.3% | 28.9% | 27.2% | |
| 0 | 0 | 0.1 | 0 | 0 | |
| 0.6 | 0.7 | 0.8 | 0.7 | 0.7 | |
| 1.7 | 1.7 | 1.8 | 1.9 | 2 | |
| – | – | 0.8 | – | 0 | |
| 0.6 | 0.6 | 0.9 | 1.1 | 0.6 | |
| 38.6% | 57.0% | 65.7% | 6.7% | 2.8% | |
| 0.4 | 0.2 | 0.3 | 1 | 0.6 | |
| 0.55 | 0.35 | 0.45 | 1.47 | 0.84 |
Profit & loss
- Sales CAGR 3Y
- +10.1%
- Profit CAGR 3Y
- −15.1%
- EPS CAGR 3Y
- −15.1%
- ROE
- 8.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 34.4 | 36.7 | 41.8 | 46 | |
| – | +6.5% | +13.9% | +10.1% | |
| 24 | 26.3 | 30.3 | 33.5 | |
| 10.4 | 10.4 | 11.5 | 12.5 | |
| 30.3% | 28.4% | 27.5% | 27.2% | |
| 0.2 | −0 | 0 | 0.2 | |
| 3.5 | 3 | 2.7 | 2.8 | |
| 5.5 | 5.7 | 6.5 | 7.1 | |
| 2.1 | – | −0.2 | 0.4 | |
| 3.7 | 1.7 | 2.2 | 3.2 | |
| 13.7% | 33.3% | 29.3% | 38.5% | |
| 3.2 | 1.1 | 1.5 | 2 | |
| – | minus 65.4% | +37.3% | +29.0% | |
| 4.61 | 1.59 | 2.19 | 2.82 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7 | 7 | 7 | 7 | |
| 14.1 | 15.2 | 16.6 | 18.6 | |
| 32.4 | 30.9 | 29.2 | 34.2 | |
| 6.8 | 8.9 | 12.6 | 12.2 | |
| 60.4 | 62 | 65.3 | 71.9 | |
| 44.7 | 46.1 | 47.1 | 51.5 | |
| 0 | 2.7 | – | 0.4 | |
| 0.3 | 0.5 | 0.8 | 0.8 | |
| 0.8 | 1.1 | 0.7 | 0.4 | |
| 14.5 | 11.6 | 16.7 | 18.8 | |
| 60.4 | 62 | 65.3 | 71.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.3 | 11.6 | 11.8 | 7.9 | |
| −0.7 | −6.6 | −7.6 | −7.1 | |
| −7.6 | −4.6 | −4.2 | −1.2 | |
| −0.1 | 0.3 | −0 | −0.4 | |
| −4.2 | −7.1 | −7.7 | −8.2 | |
| 4.1 | 4.5 | 4.1 | −0.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.