As of 6 Nov 2026, Neuland Laboratories trades at 55.9× trailing earnings, above the industry P/E of 28.7×, and the shares are 19% below their 52-week high. Its ROCE of 23% is the highest among the 7 largest Drug Manufacturers (Specialty & Generic) peers, and sales and net profit grew 19% and 31% a year over 3 years. Its dividend yield is 0.2%, and debt is 0.17× equity. It is a small-cap company with a market cap of ₹25,275 Cr, ranked 20th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares rose 12% over the past year.
- ₹19,500.00
- ₹19,750.00
- ₹19,205.00
- ₹19,783.00
- 61.3K
Health check
- ReturnsBehind
+12.4% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 55.9 vs industry 28.7.
- GrowthStrong
Sales +18.5%, profit +30.6% a year over 3 years.
- ProfitabilityStrong
ROCE 22.9% vs peer median 17.9%.
- Balance sheetSolid
Debt 0.17× equity, interest covered 27.2×, Piotroski 6 of 9.
- Red flags3 to check
Quarterly profit down 46.7% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹25,275 Cr
- Small cap
- P/E
- 55.9
- Industry 28.7
- Price to book
- 12.45
- Peers 4.99
- Dividend yield
- 0.17%
- ROE
- 24.8%
- Peers 14.7%
- ROCE
- 22.9%
- Peers 17.9%
- Debt to equity
- 0.17
- Debt ₹342 Cr
- EPS (TTM)
- ₹352.73
- Face value ₹10
- OPM (TTM)
- 30.6%
- Net margin 19.6%
- Sales growth
- −12.6%
- Latest quarter vs a year ago
- Profit growth
- −46.7%
- Latest quarter vs a year ago
- Price to sales
- 10.92
- EV/EBITDA 35.7
Strengths and risks
Strengths
- Return on equity of 24.8%.
- Return on capital employed of 22.9%.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 46.7% on a year ago.
- Quarterly sales down 12.6% on a year ago.
- P/E of 55.9 against an industry P/E of 28.7.
About Neuland Laboratories
Neuland Laboratories Limited engages in the manufacture and sale of active pharmaceutical ingredients (APIs) in India, Europe, the United States, and internationally. It also provides custom manufacturing solutions, generic drug substances, as well as peptide APIs and synthesis services. The company serves generic companies, regional and domestic pharmaceutical manufacturers, distributors, and other pharmaceutical and biotechnology companies. Neuland…
- Headquarters
- Hyderabad
- Employees
- 2,183
- Sector
- Healthcare
- ISIN
- INE794A01010
- Website
- neulandlabs.com
Price range
- Avg volume (3M)
- 51.3K
- 1-year return
- plus 12.4%
- From 52-week high
- minus 18.7%
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% |
| NEULANDLABNeuland Laboratories | 19,700.00 | minus 0.42% | 25,275 | 55.9 | 12.45 | 22.9% | 24.8% | 30.6% | 18.5% | 30.6% | 0.17% | plus 12.4% |
| 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 |
|---|---|---|---|---|---|
| 514 | 440 | 776 | 642 | 450 | |
| 359 | 363 | 469 | 419 | 352 | |
| 156 | 77.1 | 307 | 223 | 97.6 | |
| 30.2% | 17.5% | 39.6% | 34.7% | 21.7% | |
| 1.8 | 8.1 | 12.5 | 8.5 | 7.5 | |
| 5.4 | 6.8 | 7.2 | 7 | 7.3 | |
| 22.5 | 23.9 | 25.1 | 26.6 | 28.8 | |
| 129 | 54.5 | 287 | 198 | 69 | |
| 25.2% | 25.5% | 26.0% | 25.4% | 25.2% | |
| 96.9 | 40.6 | 213 | 148 | 51.6 | |
| 75.49 | 31.62 | 165.76 | 115.10 | 40.24 |
Profit & loss
- Sales CAGR 3Y
- +18.5%
- Profit CAGR 3Y
- +30.6%
- EPS CAGR 3Y
- +30.6%
- ROE
- 24.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,161 | 1,516 | 1,434 | 1,932 | |
| – | +30.6% | minus 5.4% | +34.7% | |
| 874 | 1,049 | 1,102 | 1,350 | |
| 287 | 467 | 332 | 582 | |
| 24.7% | 30.8% | 23.2% | 30.1% | |
| −10.9 | 5.2 | 8.7 | 15.4 | |
| 10.4 | 11.1 | 5.8 | 18.7 | |
| 52.8 | 59.7 | 65.5 | 91.7 | |
| 2.7 | −0.1 | 76.9 | 2.3 | |
| 216 | 401 | 346 | 489 | |
| 24.2% | 25.2% | 24.9% | 25.6% | |
| 164 | 300 | 260 | 364 | |
| – | +83.5% | minus 13.3% | +39.9% | |
| 127.45 | 233.89 | 202.74 | 283.71 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.9 | 12.9 | 12.9 | 12.9 | |
| 981 | 1,270 | 1,512 | 1,862 | |
| 128 | 95.4 | 157 | 301 | |
| 457 | 454 | 498 | 754 | |
| 1,580 | 1,833 | 2,180 | 2,930 | |
| 500 | 590 | 733 | 1,143 | |
| 42.4 | 67.1 | 59.7 | 251 | |
| 0.5 | 1.3 | 1.5 | 2 | |
| 45.4 | 103 | 352 | 327 | |
| 992 | 1,072 | 1,033 | 1,208 | |
| 1,580 | 1,833 | 2,180 | 2,930 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 237 | 261 | 317 | 347 | |
| −61.5 | −150 | −298 | −424 | |
| −136 | −69.3 | 25 | 21 | |
| 39.9 | 42.2 | 44.2 | −56.1 | |
| −66.1 | −144 | −206 | −397 | |
| 171 | 118 | 111 | −50.5 | |
| −6.4 | −12.8 | −18 | −15.4 |
Shareholding pattern
- Promoters32.26%
- Public67.74%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 32.26% | 67.74% | minus 0.36 | |
| 30 Jun 2026 | 32.62% | 67.38% | minus 0.01 | |
| 31 Mar 2026 | 32.63% | 67.37% | 0.00 | |
| 31 Dec 2025 | 32.63% | 67.37% | minus 0.01 | |
| 30 Sep 2025 | 32.64% | 67.36% | – |
Major shareholders
Filings & events
News
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