NGL Fine-Chem (NGLFINE) had a P/E of 30.6× on 6 Nov 2026, below the industry P/E of 37.3×, and the shares are 21% below their 52-week high. Sales and net profit grew 22% and 33% a year over 3 years, with ROCE of 17% and ROE of 16%. Debt is 0.37× equity, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹1,750 Cr, ranked 12th of 15 Drug Manufacturers (General) companies by market cap; the shares rose 75% over the past year.
- ₹2,879.20
- ₹2,879.20
- ₹2,785.00
- ₹2,860.20
- 3.6K
Health check
- ReturnsAhead
+75.5% over a year, better than 6 of 7 peers.
- Price tagCheaper
P/E 30.6 vs industry 37.3.
- GrowthStrong
Sales +21.8%, profit +32.9% a year over 3 years.
- ProfitabilityAverage
ROCE 17.2% vs peer median 23.3%.
- Balance sheetSolid
Debt 0.37× equity, interest covered 15.2×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹1,750 Cr
- Small cap
- P/E
- 30.6
- Industry 37.3
- Price to book
- 5.31
- Peers 18.55
- Dividend yield
- 0.06%
- ROE
- 15.7%
- Peers 20.9%
- ROCE
- 17.2%
- Peers 23.3%
- Debt to equity
- 0.37
- Debt ₹123 Cr
- EPS (TTM)
- ₹92.59
- Face value ₹5
- OPM (TTM)
- 15.7%
- Net margin 10.7%
- Sales growth
- +33.6%
- Latest quarter vs a year ago
- Profit growth
- +99.1%
- Latest quarter vs a year ago
- Price to sales
- 3.27
- EV/EBITDA 21.4
Strengths and risks
Strengths
- Quarterly profit up 99.1% on a year ago.
- Quarterly sales up 33.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About NGL Fine-Chem
NGL Fine-Chem Limited develops and manufactures veterinary APIs, human APIs, intermediates, and finished dosage forms in India, Europe, the Asia Pacific, the United States, and internationally. The company offers afoxolaner, amitraz, atovaquone, buparvaquone, butaphosphan, carprofen, clorsulon, closantel base, closantel sodium, decoquinate, diminazene diaceturate, febantel, fenbendazole, fluazuron, flumethrin, flunixin meglumine, fluralaner, halquinol,…
- Headquarters
- Mumbai
- Employees
- 498
- Sector
- Healthcare
- ISIN
- INE887E01022
- Website
- nglfinechem.com
Price range
- Avg volume (3M)
- 12.2K
- 1-year return
- plus 75.5%
- From 52-week high
- minus 21.4%
Peers · Drug Manufacturers - General
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLAXOGlaxosmithkline Pharmaceuticals | 2,524.80 | plus 0.98% | 42,772 | 37.3 | 22.73 | 55.4% | 63.9% | 34.1% | 5.7% | 19.3% | 2.26% | minus 6.0% |
| RUBICONRubicon Research | 1,659.30 | minus 4.67% | 27,468 | 95.6 | 19.38 | 23.6% | 19.1% | 23.3% | – | – | 0.09% | plus 166.7% |
| PFIZERPfizer | 3,856.00 | minus 0.02% | 17,640 | 23.2 | 4.02 | 22.9% | 20.9% | 36.7% | 1.3% | 5.0% | 1.94% | minus 24.6% |
| CORONACORONA Remedies | 2,441.10 | plus 2.58% | 14,930 | 72.1 | 18.55 | 29.0% | 28.3% | 21.3% | 16.6% | 29.7% | 0.41% | plus 69.7% |
| MARKSANSMarksans Pharma | 303.70 | minus 3.20% | 13,764 | 24.6 | 4.13 | 17.5% | 15.2% | 22.5% | 16.7% | 16.2% | 0.30% | plus 68.0% |
| SYMBIOTECSymbiotec Pharmalab | 1,513.60 | plus 19.04% | 9,726 | 103.5 | 8.26 | 14.3% | 11.2% | 10.7% | 16.8% | 67.3% | 0.00% | plus 37.9% |
| SANOFICONRSanofi Consumer Healthcare India | 3,420.20 | minus 0.69% | 7,888 | 28.2 | 22.64 | – | 80.4% | 37.8% | – | – | 2.19% | minus 29.5% |
| NGLFINENGL Fine-Chem | 2,832.40 | minus 0.97% | 1,750 | 30.6 | 5.31 | 17.2% | 15.7% | 15.7% | 21.8% | 32.9% | 0.06% | plus 75.5% |
| Median of 7 peers | – | −0.02% | 14,930 | 37.3 | 18.55 | 23.3% | 20.9% | 23.3% | 16.6% | 19.3% | 0.41% | 37.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 104 | 120 | 128 | 149 | 139 | |
| 93.2 | 103 | 105 | 128 | 116 | |
| 11 | 17.2 | 22.3 | 21.4 | 23.3 | |
| 10.5% | 14.3% | 17.5% | 14.3% | 16.7% | |
| 6.4 | 2.1 | 4.6 | 2.5 | 7.4 | |
| 1.2 | 1.2 | 1.1 | 1 | 1 | |
| 4.3 | 5.1 | 5.2 | 5.1 | 5.3 | |
| 11.8 | 13 | 20.7 | 17.8 | 24.5 | |
| 21.9% | 25.7% | 24.1% | 24.3% | 24.8% | |
| 9.2 | 9.6 | 15.7 | 13.5 | 18.4 | |
| 14.96 | 15.58 | 25.40 | 21.83 | 29.78 |
Profit & loss
- Sales CAGR 3Y
- +21.8%
- Profit CAGR 3Y
- +32.9%
- EPS CAGR 3Y
- +32.9%
- ROE
- 15.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 274 | 334 | 363 | 494 | |
| – | +22.0% | +8.8% | +36.1% | |
| 239 | 280 | 328 | 414 | |
| 35 | 53.7 | 35.1 | 80.3 | |
| 12.8% | 16.1% | 9.7% | 16.2% | |
| 4.9 | 6.3 | 7.1 | 14.1 | |
| 1.2 | 1.3 | 2.3 | 4.5 | |
| 11.3 | 11.6 | 12.5 | 19.6 | |
| – | 7.3 | 0.3 | −6.9 | |
| 27.4 | 54.4 | 27.7 | 63.4 | |
| 25.1% | 24.1% | 23.8% | 24.1% | |
| 20.5 | 41.3 | 21.1 | 48.1 | |
| – | +101.6% | minus 48.9% | +127.8% | |
| 33.18 | 66.88 | 34.19 | 77.90 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.1 | 3.1 | 3.1 | 3.1 | |
| 219 | 260 | 279 | 326 | |
| 32.5 | 34 | 77.7 | 123 | |
| 32 | 58.9 | 74.6 | 93.7 | |
| 287 | 356 | 435 | 545 | |
| 115 | 134 | 192 | 258 | |
| 27.8 | 48.5 | 49.8 | 94.6 | |
| 4.4 | 4.6 | 1 | 9.3 | |
| 47.6 | 55 | 61 | 41.9 | |
| 92 | 114 | 131 | 141 | |
| 287 | 356 | 435 | 545 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 35.3 | 20.5 | 32.4 | 43.3 | |
| −27 | −26.8 | −69.7 | −70.6 | |
| −1.1 | −1.1 | 37.5 | 29.5 | |
| 7.2 | −7.4 | 0.1 | 2.3 | |
| −31.4 | −28.5 | −74.3 | −89.9 | |
| 3.9 | −8.1 | −41.9 | −46.5 | |
| −1.1 | −1.1 | −1.1 | −1.1 |
Shareholding pattern
- Promoters72.49%
- Public27.51%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.49% | 27.51% | 0.00 | |
| 30 Jun 2026 | 72.49% | 27.51% | minus 0.25 | |
| 31 Mar 2026 | 72.74% | 27.26% | 0.00 | |
| 31 Dec 2025 | 72.74% | 27.26% | 0.00 | |
| 30 Sep 2025 | 72.74% | 27.26% | – |
Major shareholders
Filings & events
News
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