On 6 Nov 2026, Denis Chem Lab was priced at ₹57.83, or 10.1× trailing earnings, against an industry P/E of 28.7×, and the shares are 38% below their 52-week high. Its ROCE of 13% is the second-lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers, and sales and net profit grew 4.2% and 2.3% a year over 3 years. Its dividend yield is 4.3%. It is a small-cap company with a market cap of ₹80 Cr, ranked 124th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares fell 38% over the past year.
- ₹55.70
- ₹58.20
- ₹55.70
- ₹56.73
- 7K
Health check
- ReturnsBehind
−38.2% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 10.1 vs industry 28.7.
- GrowthSlow
Sales +4.2%, profit +2.3% a year over 3 years.
- ProfitabilityAverage
ROCE 13.3% vs peer median 17.9%.
- Balance sheetFair
Piotroski 5 of 9.
- Red flags2 to check
Quarterly profit down 17.4% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹80 Cr
- Small cap
- P/E
- 10.1
- Industry 28.7
- Price to book
- n/a
- Peers 4.99
- Dividend yield
- 4.32%
- ROE
- 9.5%
- Peers 14.7%
- ROCE
- 13.3%
- Peers 17.9%
- Debt to equity
- n/a
- EPS (TTM)
- ₹5.75
- OPM (TTM)
- 9.1%
- Net margin 0.0%
- Sales growth
- +1.7%
- Latest quarter vs a year ago
- Profit growth
- −17.4%
- Latest quarter vs a year ago
- Price to sales
- 0.44
Strengths and risks
Strengths
- Dividend yield of 4.32%.
- P/E of 10.1 against an industry P/E of 28.7.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 17.4% on a year ago.
- 38% below its 52-week high.
About Denis Chem Lab
Denis Chem Lab Limited, a pharmaceutical company, engages in the manufacturing and marketing of sterile intravenous injectable products for human and veterinary use in India. The company's products include antibiotic injections, diuretic injections, parenteral amino acid injections, plasma volume expanders, anti-anaerobic injections, anti-pyretic injections, irrigation and dialysis solutions, etc. It also provides contract manufacturing services for third…
- Headquarters
- Ahmedabad
- Sector
- Healthcare
- ISIN
- INE051G01012
- Website
- denischemlab.com
Price range
- Avg volume (3M)
- 20.2K
- 1-year return
- minus 38.2%
- From 52-week high
- minus 37.7%
Peers · Drug Manufacturers - Specialty & Generic
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMASun Pharmaceutical Industries | 1,860.00 | plus 1.69% | 4,46,276 | 40.7 | 4.99 | 17.9% | 13.1% | 28.2% | 10.4% | 10.6% | 0.86% | plus 8.2% |
| DIVISLABDivi's Laboratories | 10,320.50 | plus 1.78% | 2,73,977 | 93.6 | 16.35 | 19.0% | 16.2% | 34.9% | 11.0% | 12.1% | 0.29% | plus 49.0% |
| TORNTPHARMTorrent Pharmaceuticals | 4,750.00 | plus 0.85% | 1,80,675 | 80.2 | 9.83 | 9.1% | 15.7% | 33.7% | 13.3% | 20.2% | 0.80% | plus 31.7% |
| LAURUSLABSLaurus Labs | 2,340.00 | minus 0.26% | 1,26,433 | 94.4 | 20.86 | 19.5% | 24.0% | 30.4% | 3.8% | 4.0% | 0.09% | plus 138.6% |
| ZYDUSLIFEZydus Lifesciences | 1,197.90 | plus 0.41% | 1,19,491 | 28.6 | 4.29 | 19.0% | 14.7% | 26.2% | 16.5% | 37.0% | 0.08% | plus 22.8% |
| DRREDDYDr. Reddy's Laboratories | 1,373.00 | plus 0.51% | 1,14,462 | 40.9 | 2.96 | 14.2% | 7.3% | 15.9% | 11.0% | −1.7% | 0.58% | plus 13.8% |
| CIPLACipla | 1,411.00 | plus 0.49% | 1,13,993 | 39.4 | 3.22 | 14.9% | 8.3% | 17.3% | 7.2% | 11.5% | 0.92% | minus 6.6% |
| DENISCHEMDenis Chem Lab | 57.83 | plus 1.94% | 80 | 10.1 | – | 13.3% | 9.5% | 9.1% | 4.2% | 2.3% | 4.32% | minus 38.2% |
| Median of 7 peers | – | 0.51% | 1,26,433 | 40.9 | 4.99 | 17.9% | 14.7% | 28.2% | 11.0% | 11.5% | 0.58% | 22.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 43.3 | 46.2 | 45.5 | 46.8 | 44 | |
| 38.5 | 41.9 | 39.5 | 44.2 | 40.2 | |
| 4.8 | 4.3 | 6 | 2.5 | 3.8 | |
| 11.1% | 9.2% | 13.2% | 5.4% | 8.7% | |
| 0.3 | 0.6 | 0.4 | 0.5 | 0.5 | |
| 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | |
| 1.6 | 1.7 | 1.8 | 1.7 | 1.5 | |
| 3.3 | 3 | 4.4 | 1.1 | 2.6 | |
| 25.3% | 26.9% | 24.7% | 64.9% | 22.6% | |
| 2.5 | 2.2 | 3.3 | 0.4 | 2 | |
| 1.78 | 1.60 | 2.39 | 0.29 | 1.47 |
Profit & loss
- Sales CAGR 3Y
- +4.2%
- Profit CAGR 3Y
- +2.3%
- EPS CAGR 3Y
- +2.3%
- ROE
- 9.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 161 | 168 | 173 | 182 | |
| – | +4.4% | +3.3% | +4.9% | |
| 140 | 146 | 156 | 163 | |
| 21 | 22.1 | 17.6 | 19 | |
| 13.0% | 13.2% | 10.2% | 10.5% | |
| 0.1 | 1.1 | 1.4 | 1.5 | |
| 0.3 | 0.3 | 0.1 | 0.5 | |
| 7.8 | 6.9 | 6.9 | 6.8 | |
| −2.1 | −0.8 | −1 | −1.3 | |
| 10.9 | 15.1 | 11.1 | 11.9 | |
| 28.0% | 26.3% | 27.3% | 29.3% | |
| 7.9 | 11.2 | 8.1 | 8.4 | |
| – | +41.9% | minus 27.6% | +4.1% | |
| 5.66 | 8.04 | 5.82 | 6.06 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.9 | 13.9 | 13.9 | 13.9 | |
| 58.4 | 66.5 | 71.2 | 77.7 | |
| 1.9 | 1 | 0.8 | 4.2 | |
| 25.3 | 27.9 | 26.3 | 29.1 | |
| 99.4 | 109 | 112 | 125 | |
| 38.3 | 38.3 | 39.2 | 37 | |
| 3.1 | 0.9 | 0.5 | – | |
| 1.5 | 1.3 | 2.2 | 2.1 | |
| 16.9 | 24.6 | 25.9 | 28.6 | |
| 39.6 | 44.2 | 44.6 | 57.1 | |
| 99.4 | 109 | 112 | 125 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.3 | 17.8 | 12.1 | 4.1 | |
| −11.2 | −14.9 | −8.2 | −5 | |
| −4 | −4.2 | −4.2 | 0.4 | |
| 1.2 | −1.3 | −0.3 | −0.4 | |
| −4.7 | −6.9 | −7.6 | −4.7 | |
| 11.6 | 10.9 | 4.5 | −0.5 | |
| −2.1 | −2.8 | −3.5 | −2.1 |
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
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