As of 6 Nov 2026, IOL Chemicals and Pharmaceuticals trades at 26.5× trailing earnings, below the industry P/E of 28.7×, and the shares are 18% below their 52-week high. Sales grew 1.6% a year over 3 years while net profit fell 0.4%; its ROCE of 10% is the second-lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers. Debt is 0.10× equity, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹5,380 Cr, ranked 42nd of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares rose 104% over the past year.
- ₹186.41
- ₹186.66
- ₹180.61
- ₹189.08
- 15.6 L
Health check
- ReturnsAhead
+103.8% over a year, better than 6 of 7 peers.
- Price tagIn line
P/E 26.5 vs industry 28.7.
- GrowthSlow
Sales +1.6%, profit −0.4% a year over 3 years.
- ProfitabilityWeak
ROCE 10.2% vs peer median 17.9%.
- Balance sheetSolid
Debt 0.10× equity, interest covered 19.5×, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹5,380 Cr
- Small cap
- P/E
- 26.5
- Industry 28.7
- Price to book
- 2.79
- Peers 4.99
- Dividend yield
- 0.55%
- ROE
- 11.1%
- Peers 14.7%
- ROCE
- 10.2%
- Peers 17.9%
- Debt to equity
- 0.10
- Debt ₹201 Cr
- EPS (TTM)
- ₹6.92
- Face value ₹2
- OPM (TTM)
- 13.2%
- Net margin 7.4%
- Sales growth
- +40.1%
- Latest quarter vs a year ago
- Profit growth
- +117.1%
- Latest quarter vs a year ago
- Price to sales
- 1.96
- EV/EBITDA 15.0
Strengths and risks
Strengths
- Quarterly profit up 117.1% on a year ago.
- Quarterly sales up 40.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
- Promoter stake up from 52.6% to 62.3%.
About IOL Chemicals and Pharmaceuticals
IOL Chemicals and Pharmaceuticals Limited manufactures and sells pharmaceutical and chemical products in India and internationally. It operates through two segments: Pharmaceuticals and Specialty Chemicals. The Chemical segment offers ethyl acetate, iso butyl benzene, acetyl chloride, mono chloro acetic acid, and acetic anhydride to the food processing, flexible packaging, pharmaceuticals, textiles, ink, paint, plasticizers and ploymers, and chemical…
- Headquarters
- Ludhiana
- Employees
- 3,095
- Sector
- Healthcare
- ISIN
- INE485C01029
- Website
- iolcp.com
Price range
- Avg volume (3M)
- 38.4 L
- 1-year return
- plus 103.8%
- From 52-week high
- minus 18.2%
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% |
| IOLCPIOL Chemicals and Pharmaceuticals | 183.29 | minus 3.06% | 5,380 | 26.5 | 2.79 | 10.2% | 11.1% | 13.2% | 1.6% | −0.4% | 0.55% | plus 103.8% |
| 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 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 568 | 580 | 619 | 756 | 795 | |
| 510 | 523 | 527 | 653 | 686 | |
| 57.1 | 57.3 | 92.5 | 103 | 109 | |
| 10.1% | 9.9% | 14.9% | 13.7% | 13.8% | |
| 6.9 | 5.3 | 1.8 | 8.2 | 5.5 | |
| 3.5 | 3.6 | 3.2 | 3.6 | 5.4 | |
| 20 | 20.2 | 20.3 | 21.3 | 22.2 | |
| – | −11.2 | – | – | – | |
| 40.5 | 27.6 | 70.8 | 86.7 | 87.3 | |
| 26.0% | 25.3% | 24.9% | 25.7% | 25.5% | |
| 30 | 20.6 | 53.2 | 64.4 | 65.1 | |
| 1.02 | 0.70 | 1.81 | 2.19 | 2.22 |
Profit & loss
- Sales CAGR 3Y
- +1.6%
- Profit CAGR 3Y
- −0.4%
- EPS CAGR 3Y
- −0.4%
- ROE
- 11.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,202 | 2,119 | 2,068 | 2,308 | |
| – | minus 3.8% | minus 2.4% | +11.6% | |
| 1,975 | 1,888 | 1,866 | 2,038 | |
| 226 | 231 | 203 | 270 | |
| 10.3% | 10.9% | 9.8% | 11.7% | |
| 19.5 | 24.3 | 17 | 16.2 | |
| 10.7 | 10.8 | 9.9 | 10 | |
| 46.2 | 62.9 | 72 | 80.3 | |
| −0.4 | 0.3 | 0.2 | −11.5 | |
| 189 | 182 | 138 | 184 | |
| 26.2% | 26.0% | 26.7% | 25.3% | |
| 139 | 134 | 101 | 138 | |
| – | minus 3.4% | minus 24.8% | +36.2% | |
| 4.74 | 4.58 | 3.44 | 4.69 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 58.7 | 58.7 | 58.7 | 58.7 | |
| 1,449 | 1,553 | 1,629 | 1,740 | |
| 79.8 | 32.8 | 117 | 135 | |
| 435 | 600 | 577 | 653 | |
| 2,022 | 2,244 | 2,382 | 2,587 | |
| 835 | 1,037 | 1,183 | 1,273 | |
| 84.2 | 115 | 24.3 | 104 | |
| 204 | 46.5 | 24.4 | 51.7 | |
| 18.6 | 115 | 162 | 162 | |
| 880 | 931 | 988 | 997 | |
| 2,022 | 2,244 | 2,382 | 2,587 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 122 | 290 | 179 | 214 | |
| −120 | −191 | −154 | −198 | |
| −4.1 | −92.5 | 46 | −29 | |
| −1.8 | 6.3 | 70.5 | −12.8 | |
| −212 | −274 | −214 | −173 | |
| −89.6 | 15.6 | −34.9 | 41.3 | |
| −23.5 | −29.4 | −23.5 | −29.4 |
Shareholding pattern
- Promoters62.28%
- Public37.72%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 62.28% | 37.72% | 0.00 | |
| 30 Jun 2026 | 62.28% | 37.72% | plus 4.80 | |
| 31 Mar 2026 | 57.48% | 42.52% | plus 4.86 | |
| 31 Dec 2025 | 52.62% | 47.38% | 0.00 | |
| 30 Sep 2025 | 52.62% | 47.38% | – |
Major shareholders
Filings & events
News
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