RPG Life Sciences Ltd
RPG Life Sciences Ltd
HealthcareKey Fundamentals
MicrocapPharmaceuticalsHealthcareInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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42 extracted metrics + investor summaries across FY12–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 28.8%
Weaknesses
3- Stock is trading at 7.21 times its book value
- Debtor days have increased from 46.5 to 60.2 days.
- Working capital days have increased from 44.6 days to 63.7 days
Growth Rate
AI Analysis — Bull vs Bear
RPG Life Sciences Ltd is a nearly debt-free healthcare company with a market cap of ₹4,574 Cr trading at a PE of 38.4x and PB of 7.59x. The company has delivered a 5-year profit CAGR of 22% and maintained ROE averaging 23% over five years, though recent working capital efficiency has deteriorated with debtor days rising from 46.5 to 60.2 days.
- Company is almost debt-free, providing significant financial flexibility and low interest cost burden
- Consistent 5-year ROE of 23% indicates strong capital efficiency and durable competitive advantages in its niche
- Compounded profit growth of 22% over 5 years outpaces revenue growth of 13%, reflecting improving operating leverage and margin expansion
- 10-year compounded profit CAGR of 25% demonstrates a long track record of sustained earnings growth
- Stock has delivered a 3-year CAGR of 38% and 5-year CAGR of 40%, reflecting strong market confidence in the business trajectory
- Healthy dividend payout ratio of 28.8% with a yield of 0.86% shows shareholder-friendly capital allocation despite being a growth company
- TTM sales growth of 12% and profit growth of 13% indicate continued momentum in the most recent period
- 10-year compounded sales CAGR of 10% shows the company has consistently grown its topline across business cycles
- Stock trades at 7.59x book value, a steep premium that leaves limited margin of safety if growth decelerates
- PE of 38.4x is elevated relative to broader pharma sector averages, pricing in significant future growth expectations
- Debtor days increased from 46.5 to 60.2 days, suggesting deteriorating collection efficiency or channel stuffing risk
- Working capital days expanded from 44.6 to 63.7 days, indicating the business is requiring more capital to fund operations
- Last year ROE declined to 19% from a 3-year average of 23%, signaling potential moderation in return profile
- Market cap of ₹4,574 Cr with a small-to-mid cap profile carries higher liquidity risk and volatility compared to large-cap pharma peers
- TTM profit growth of 13% is below the 5-year CAGR of 22%, suggesting a possible deceleration in earnings momentum
- 3-year sales CAGR of 11% lags the 5-year profit CAGR of 22%, raising questions about sustainability of margin expansion
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- API spinoff eyes ₹700 cr growth Jul 29
Board approved slump sale of API business to a wholly owned subsidiary for ₹33.55 crore, aiming to raise up to ₹700 crore from investors for organic and inorganic growth in the API segment.
- Q1FY26 profit up 16% YoY Jul 29
Standalone net profit rose 16% YoY to ₹305.7 lakh for Q1FY26, with revenue growing 16-18.5% to ₹195.7 crore driven by pharmaceutical operations.
- ₹24 per share dividend declared Jul 23
Shareholders approved a ₹24 dividend per share and reappointed key directors at the 19th AGM held on July 23, 2026.
- Naprosyn ES partnership launched Jul 13
Partnered with Archerchem Healthcare to exclusively market and distribute Naprosyn ES in India, a first-of-its-kind Naproxen-Esomeprazole combination for long-term pain management with gastro-protection.
- VP Sales & Marketing retires Aug 1
Samir Rane, Vice President of Sales & Marketing (Main Division), retired on July 31, 2026 due to superannuation with no immediate successor named.
- Independent Director exits board Jul 27
Ms. Zahabiya Khorakiwala ceased as Independent Director on July 26, 2026 after completing her second consecutive five-year term.
TL;DR: RPG Life Sciences is executing well with 16% YoY profit growth and a strategic API business spinoff targeting ₹700 crore in fresh investment. The ₹24 dividend and new product partnership signal management confidence. Key leadership departures (VP Sales, Independent Director) are routine but worth monitoring for succession clarity. The trend is improving with growth investments and strong quarterly results pointing to continued momentum.
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 | 148 | 154 | 154 | 127 | 165 | 172 | 173 | 143 | 169 | 182 | 180 | 177 | 196 |
| Expenses | 116 | 116 | 116 | 106 | 126 | 126 | 124 | 118 | 133 | 143 | 140 | 144 | 152 |
| Operating Profit | 32 | 37 | 38 | 21 | 39 | 46 | 49 | 25 | 35 | 39 | 40 | 33 | 44 |
| OPM % | 22% | 24% | 25% | 16% | 24% | 27% | 28% | 18% | 21% | 21% | 22% | 19% | 22% |
| Other Income | 2 | 2 | 2 | 2 | 2 | -25 | 3 | 115 | 5 | 16 | -5 | 13 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 6 |
| PBT | 30 | 35 | 36 | 18 | 36 | 15 | 47 | 135 | 35 | 49 | 29 | 40 | 41 |
| Tax % | 26% | 26% | 26% | 25% | 26% | 72% | 26% | 13% | 26% | 25% | 24% | 26% | 26% |
| Net Profit | 22 | 26 | 26 | 13 | 27 | 4 | 35 | 117 | 26 | 37 | 22 | 30 | 31 |
| EPS in Rs | 13.36 | 15.64 | 16 | 8.01 | 16.18 | 2.54 | 21.12 | 70.95 | 15.9 | 22.28 | 13.38 | 18.08 | 18.48 |
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 | 242 | 279 | 294 | 344 | 330 | 376 | 389 | 440 | 513 | 582 | 653 | 708 | 734 |
| Expenses | 228 | 256 | 274 | 306 | 296 | 315 | 318 | 353 | 408 | 453 | 493 | 560 | 579 |
| Operating Profit | 14 | 23 | 20 | 38 | 34 | 60 | 71 | 87 | 104 | 129 | 161 | 148 | 155 |
| OPM % | 6% | 8% | 7% | 11% | 10% | 16% | 18% | 20% | 20% | 22% | 25% | 21% | 21% |
| Other Income | 1 | 1 | 18 | 1 | 1 | -5 | 1 | 3 | 4 | 7 | 95 | 29 | 28 |
| Interest | 3 | 2 | 4 | 5 | 5 | 3 | 2 | 1 | 1 | 1 | 2 | 2 | 1 |
| Depreciation | 11 | 10 | 11 | 14 | 15 | 16 | 16 | 16 | 16 | 17 | 21 | 21 | 22 |
| PBT | 1 | 12 | 23 | 20 | 15 | 36 | 54 | 73 | 92 | 118 | 233 | 154 | 160 |
| Tax % | 0% | 0% | 10% | 34% | 28% | 20% | 25% | 30% | 26% | 26% | 21% | 25% | — |
| Net Profit | 1 | 12 | 21 | 13 | 11 | 29 | 40 | 51 | 68 | 88 | 183 | 115 | 119 |
| EPS in Rs | 0.6 | 7.03 | 12.7 | 8.13 | 6.54 | 17.54 | 24.19 | 31.13 | 40.9 | 53 | 111 | 69.64 | 72.22 |
| Div. Payout % | 132% | 23% | 22% | 30% | 37% | 23% | 30% | 31% | 29% | 30% | 22% | 34% | — |
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 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 112 | 120 | 134 | 142 | 147 | 163 | 203 | 243 | 294 | 362 | 517 | 592 |
| Borrowings | 33 | 23 | 45 | 54 | 36 | 12 | 2 | 1 | 0 | 0 | 0 | 20 |
| Other Liabilities | 39 | 49 | 55 | 82 | 54 | 78 | 85 | 88 | 112 | 138 | 127 | 168 |
| Total Liabilities | 197 | 205 | 247 | 291 | 251 | 267 | 303 | 345 | 419 | 513 | 658 | 793 |
| Fixed Assets | 105 | 109 | 137 | 131 | 128 | 123 | 113 | 104 | 124 | 114 | 172 | 197 |
| CWIP | 1 | 2 | 2 | 9 | 17 | 10 | 12 | 31 | 25 | 96 | 16 | 23 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58 | 91 | 127 | 120 |
| Other Assets | 92 | 94 | 108 | 152 | 106 | 134 | 178 | 210 | 211 | 212 | 343 | 454 |
| Total Assets | 197 | 205 | 247 | 291 | 251 | 267 | 303 | 345 | 419 | 513 | 658 | 793 |
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 | -2 | 33 | 7 | 15 | 46 | 50 | 58 | 65 | 91 | 94 | 78 | 56 |
| Investing | -10 | -15 | -30 | -16 | -19 | -11 | -8 | -35 | -106 | -79 | -42 | 51 |
| Financing | 12 | -18 | 23 | 0 | -26 | -39 | -10 | -14 | -17 | -20 | -27 | -21 |
| Net Cash Flow | 0 | 0 | 1 | -1 | 0 | 0 | 40 | 17 | -32 | -5 | 9 | 87 |
| Free Cash Flow | -12 | 18 | -48 | -1 | 26 | 39 | 50 | 41 | 58 | 25 | 151 | -9 |
| CFO/OP | 14 | 150 | 58 | 48 | 144 | 94 | 94 | 96 | 111 | 96 | 81 | 63 |
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 | 61 | 48 | 49 | 72 | 43 | 62 | 54 | 27 | 27 | 31 | 48 | 60 |
| Inventory Days | 149 | 156 | 163 | 171 | 136 | 133 | 162 | 214 | 203 | 200 | 159 | 179 |
| Days Payable | 109 | 135 | 102 | 165 | 83 | 127 | 132 | 117 | 138 | 140 | 135 | 141 |
| Cash Conversion Cycle | 101 | 70 | 110 | 78 | 96 | 68 | 84 | 124 | 91 | 90 | 72 | 99 |
| Working Capital Days | 27 | 26 | 20 | 22 | 20 | 41 | 52 | 47 | 33 | 25 | 45 | 64 |
| ROCE % | 2% | 9% | 10% | 13% | 10% | 23% | 27% | 31% | 33% | 35% | 33% | 26% |
Documents
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Company Information
Incorporated in 2007, RPG Life Sciences Ltd manufactures and markets Formulations (Finished Dosage Forms) and Active Pharma Ingredients[1]