IOL Chemicals & Pharmaceuticals Ltd
IOL Chemicals & Pharmaceuticals Ltd
HealthcareKey Fundamentals
MicrocapPharmaceuticalsHealthcareInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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59 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 22.1%
- Promoter holding has increased by 4.80% over last quarter.
Weaknesses
3- Stock is trading at 2.69 times its book value
- The company has delivered a poor sales growth of 3.35% over past five years.
- Company has a low return on equity of 7.74% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
IOL Chemicals & Pharmaceuticals trades at a market cap of ₹4,300 Cr with a PE of 30.5x and near-zero debt. The company has seen a sharp TTM profit recovery of 44% but carries a weak 5-year sales CAGR of just 3% and a subdued 3-year ROE of 8%.
- Company is almost debt-free, providing financial flexibility and lower interest burden
- TTM profit growth of 44% signals a meaningful earnings recovery after years of decline
- Promoter holding increased by 4.86% in the last quarter, indicating insider confidence
- Stock has delivered 53% returns over the past 1 year, reflecting strong momentum
- 10-year compounded profit growth of 19% demonstrates long-term earnings capability
- Healthy dividend payout of 22.1% shows commitment to returning capital to shareholders
- 10-year sales CAGR of 15% indicates the company scaled well over the longer term
- TTM sales growth of 12% suggests demand recovery after a sluggish 3-year period
- 5-year compounded profit growth is -20%, indicating a prolonged earnings downcycle
- 5-year sales CAGR of only 3% reflects persistently weak topline growth
- 3-year ROE of just 8% is well below what quality pharma/chemical companies typically deliver
- PE of 30.5x is expensive relative to the low single-digit 3-year sales CAGR of 2%
- 3-year compounded profit growth of only 1% shows the recovery is very recent and unproven
- Last year ROE of 8% and 3-year ROE of 8% show no improvement in capital efficiency
- 5-year stock CAGR of just 2% suggests the market rewarded shareholders poorly over a medium-term horizon
- Dividend yield of 0.7% offers limited income cushion at current valuations
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Minor fire at Minoxidil unit Jun 11
A minor fire at Unit-9B in Barnala on June 9, 2026 has suspended Minoxidil operations for 8–10 days. No injuries or significant property damage reported; all other units operating normally.
TL;DR: IOL Chemicals experienced a contained fire incident at one manufacturing unit with minimal impact—no injuries, no major property damage, and a short 8–10 day suspension limited to a single unit. The event is operationally insignificant given normal functioning across remaining facilities, and the outlook remains unchanged pending restoration completion.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 563 | 545 | 520 | 504 | 502 | 526 | 523 | 528 | 552 | 568 | 580 | 619 | 756 |
| Expenses | 490 | 481 | 476 | 454 | 452 | 484 | 476 | 465 | 490 | 510 | 523 | 527 | 653 |
| Operating Profit | 73 | 64 | 44 | 50 | 51 | 42 | 47 | 63 | 62 | 57 | 57 | 93 | 104 |
| OPM % | 13% | 12% | 9% | 10% | 10% | 8% | 9% | 12% | 11% | 10% | 10% | 15% | 14% |
| Other Income | 7 | 7 | 8 | 8 | 7 | 6 | 4 | 5 | 7 | 7 | -6 | 2 | 8 |
| Interest | 4 | 4 | 4 | 3 | 2 | 4 | 4 | 4 | 4 | 3 | 4 | 3 | 4 |
| Depreciation | 14 | 16 | 16 | 16 | 17 | 18 | 19 | 19 | 20 | 20 | 20 | 20 | 21 |
| PBT | 62 | 51 | 32 | 38 | 39 | 26 | 28 | 45 | 46 | 41 | 28 | 71 | 87 |
| Tax % | 25% | 26% | 28% | 25% | 24% | 26% | 26% | 30% | 25% | 26% | 25% | 25% | 26% |
| Net Profit | 46 | 38 | 23 | 28 | 30 | 19 | 21 | 32 | 34 | 30 | 21 | 53 | 64 |
| EPS in Rs | 1.57 | 1.29 | 0.79 | 0.96 | 1.01 | 0.65 | 0.7 | 1.08 | 1.16 | 1.02 | 0.7 | 1.81 | 2.2 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 385 | 580 | 711 | 983 | 1,685 | 1,894 | 1,967 | 2,184 | 2,217 | 2,133 | 2,079 | 2,319 | 2,524 |
| Expenses | 373 | 529 | 608 | 863 | 1,276 | 1,321 | 1,375 | 1,927 | 1,990 | 1,901 | 1,877 | 2,049 | 2,213 |
| Operating Profit | 11 | 51 | 102 | 120 | 410 | 574 | 592 | 257 | 227 | 232 | 202 | 270 | 310 |
| OPM % | 2.9% | 9% | 14% | 12% | 24% | 30% | 30% | 12% | 10% | 11% | 10% | 12% | 12% |
| Other Income | 1 | 1 | 1 | 6 | 10 | 16 | 24 | 17 | 25 | 30 | 22 | 9 | 11 |
| Interest | 59 | 61 | 68 | 64 | 51 | 21 | 6 | 8 | 16 | 16 | 15 | 15 | 14 |
| Depreciation | 29 | 30 | 30 | 30 | 32 | 36 | 39 | 43 | 46 | 63 | 72 | 80 | 82 |
| PBT | -75 | -39 | 6 | 31 | 336 | 533 | 571 | 223 | 189 | 183 | 138 | 184 | 226 |
| Tax % | -12% | 4% | 21% | 12% | 30% | 32% | 22% | 26% | 26% | 26% | 27% | 25% | — |
| Net Profit | -67 | -40 | 5 | 28 | 237 | 361 | 445 | 166 | 140 | 135 | 101 | 138 | 168 |
| EPS in Rs | -2.8 | -1.42 | 0.17 | 0.99 | 8.32 | 12.7 | 15.15 | 5.64 | 4.77 | 4.61 | 3.44 | 4.69 | 5.73 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 5% | 8% | 14% | 17% | 22% | 23% | 21% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 48 | 56 | 56 | 56 | 57 | 57 | 59 | 59 | 59 | 59 | 59 | 59 |
| Reserves | 160 | 129 | 132 | 160 | 417 | 757 | 1,202 | 1,332 | 1,448 | 1,553 | 1,629 | 1,740 |
| Borrowings | 400 | 453 | 447 | 422 | 284 | 59 | 3 | 44 | 80 | 33 | 117 | 135 |
| Other Liabilities | 94 | 135 | 182 | 214 | 184 | 297 | 347 | 526 | 434 | 600 | 577 | 653 |
| Total Liabilities | 702 | 772 | 817 | 852 | 942 | 1,170 | 1,610 | 1,960 | 2,021 | 2,244 | 2,382 | 2,587 |
| Fixed Assets | 403 | 400 | 374 | 406 | 412 | 469 | 512 | 561 | 751 | 933 | 1,170 | 1,181 |
| CWIP | 4 | 4 | 21 | 7 | 27 | 19 | 48 | 105 | 90 | 101 | 22 | 96 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 20 | 21 | 21 | 21 |
| Other Assets | 295 | 369 | 422 | 439 | 503 | 682 | 1,048 | 1,292 | 1,159 | 1,190 | 1,168 | 1,289 |
| Total Assets | 702 | 772 | 817 | 852 | 942 | 1,170 | 1,610 | 1,960 | 2,021 | 2,244 | 2,382 | 2,587 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -47 | 18 | 83 | 120 | 273 | 471 | 380 | 91 | 123 | 290 | 179 | 214 |
| Investing | -5 | -27 | -23 | -50 | -63 | -184 | -317 | -121 | -119 | -191 | -154 | -198 |
| Financing | 50 | 9 | -60 | -70 | -197 | -272 | -58 | -2 | -4 | -92 | 46 | -29 |
| Net Cash Flow | -2 | 0 | 1 | -1 | 13 | 15 | 4 | -31 | 0 | 7 | 70 | -13 |
| Free Cash Flow | -53 | -9 | 61 | 71 | 213 | 391 | 272 | -60 | -86 | 18 | -34 | 44 |
| CFO/OP | -413 | 34 | 82 | 105 | 83 | 102 | 88 | 60 | 75 | 144 | 97 | 93 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 55 | 58 | 54 | 43 | 52 | 56 | 79 | 83 | 81 | 90 | 95 |
| Inventory Days | 279 | 201 | 201 | 109 | 66 | 64 | 98 | 95 | 77 | 111 | 95 | 91 |
| Days Payable | 92 | 102 | 115 | 83 | 42 | 62 | 79 | 95 | 74 | 123 | 112 | 118 |
| Cash Conversion Cycle | 218 | 154 | 144 | 80 | 67 | 55 | 74 | 79 | 86 | 69 | 73 | 68 |
| Working Capital Days | 59 | 39 | 36 | 23 | 43 | 46 | 66 | 71 | 72 | 71 | 58 | 53 |
| ROCE % | -3% | 4% | 12% | 15% | 56% | 68% | 54% | 18% | 14% | 12% | 9% | 11% |
Documents
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Company Information
IOL Chemicals & Pharmaceuticals Ltd is a leading pharmaceutical (APIs) company and is a significant player in the specialty chemicals space. It serves the domestic and export market.[1] It is the largest player of Ibuprofen (pain killer) globally with a world market share of 35%.[2]