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Earnings Call

Indoco Remedies Earnings Call: Key Takeaways

Indoco Remedies reported recovery in Q4FY26, driven by 94.6% growth in international formulations. Consolidated revenue reached ₹4,559 million with EBITDA margins improving to 10.9%.

Highlights
Revenue growth18.8% YoY consolidated; 25.8% YoY standalone.
MarginsSequential recovery to 10.9% consolidated EBITDA margin.
Order bookDecent order book currently for international business.
Demand visibilityStrong Rx growth in India; decent order book for UK/Europe.
Management confidenceHigh for international markets; recovery expected in domestic seasonal products.

Growth

Consolidated revenue grew 18.8% YoY. Standalone EBITDA jumped to ₹630m (14.7% margin) from ₹35m YoY.

Outlook

Debt repayment target of ₹140cr/year for 3 years; focus on liquid orals in US/Europe; no major capex planned.

Risks

Substantial forex losses (₹24cr), high debt levels (₹960cr), and regulatory delays at sterile manufacturing sites.

Source

Earnings Call filed with BSE, NSE: INDOCO. Summary written with AI assistance from the document.

Read the document ↗

Indoco Remedies Ltd: key numbers

Share price
₹254.46
Market cap
₹2,349 Cr
Revenue (annual)
₹1,845 Cr
Net profit (annual)
₹-95.14 Cr
P/E (TTM)
417.2×Sector 50.4×
Promoter holding
58.86%+0.00% QoQ
FII holding
1.27%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Indoco Remedies Other Announcement

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Value
₹0.01 Cr
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Indoco Remedies filed proceedings of its 79th AGM held on 17 September 2026. Shareholders voted on nine resolutions including dividend and borrowing limits.

09:35 IST BSE
Promoter Buying

Indoco Remedies Promoter Buying

Indoco Remedies promoter Aditi M. Panandikar and PAC bought 38,930 shares on the open market, raising aggregate holding to 7.30%. No transaction price is disclosed in the filing.

Promoter stake change
+0.04%
19:32 IST BSE
Promoter Buying

Indoco Remedies Promoter Buying: ₹0.92 Cr

Promoters Aditi M. Panandikar, Madhura Suresh Kare, Suresh G. Kare, and Aruna Suresh Kare acquired Indoco Remedies Ltd shares via market purchases, totaling ₹0.92 Crore.

Value
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Indoco Remedies Business Update

Indoco Remedies received seven USFDA observations in Form 483 for its Plant II (Sterile) facility in Goa following an inspection from August 27 to September 4, 2026.