Ind Swift Laboratories
Ind Swift Laboratories
HealthcareKey Fundamentals
MicrocapPharmaceuticalsHealthcareTapetide Score
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Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
Weaknesses
6- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -6.37% over past five years.
- Company has a low return on equity of 6.11% over last 3 years.
- Earnings include an other income of Rs.44.1 Cr.
- Debtor days have increased from 89.4 to 113 days.
- Working capital days have increased from 94.1 days to 165 days
Growth Rate
Quarterly Results
| Particulars | 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 | 310 | 290 | 288 | 529 | 33 | 12 | 129 | 138 | 153 | 153 | 151 | 170 | 191 |
| Expenses | 250 | 224 | 236 | 437 | 43 | 24 | 135 | 147 | 149 | 151 | 147 | 149 | 158 |
| Operating Profit | 60 | 66 | 52 | 91 | -10 | -12 | -7 | -9 | 4 | 1 | 4 | 21 | 33 |
| OPM % | 19% | 23% | 18% | 17% | -29% | -99% | -5% | -7% | 2.4% | 1% | 2.8% | 12% | 17% |
| Other Income | 6 | 7 | 7 | 458 | 11 | 13 | 16 | 220 | 15 | 18 | 22 | -3 | 7 |
| Interest | 20 | 21 | 21 | 3 | 0 | 0 | 10 | -27 | 1 | 2 | 1 | -2 | 1 |
| Depreciation | 14 | 13 | 14 | 20 | 0 | 0 | 6 | 7 | 7 | 7 | 9 | 8 | 8 |
| PBT | 32 | 39 | 24 | 527 | 1 | 1 | -7 | 230 | 10 | 10 | 16 | 12 | 33 |
| Tax % | 45% | 18% | 19% | 6% | -3% | 31% | -16% | 4% | 17% | 22% | 42% | -26% | 25% |
| Net Profit | 17 | 32 | 19 | 494 | 1 | 0 | -5 | 222 | 9 | 8 | 10 | 15 | 25 |
| EPS in Rs | 2.92 | 5.36 | 3.29 | 83.55 | 0.16 | 0.07 | -0.93 | 36.67 | 1.45 | 0.98 | 1.17 | 1.74 | 2.84 |
Profit & Loss
| Particulars | 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 | 660 | 653 | 716 | 765 | 757 | 780 | 891 | 1,039 | 1,207 | 1,281 | 562 | 641 | 665 |
| Expenses | 571 | 546 | 610 | 631 | 630 | 635 | 709 | 837 | 978 | 1,029 | 581 | 596 | 605 |
| Operating Profit | 89 | 107 | 106 | 134 | 126 | 144 | 183 | 202 | 229 | 252 | -19 | 45 | 60 |
| OPM % | 13% | 16% | 15% | 18% | 17% | 19% | 21% | 19% | 19% | 20% | -3.5% | 7% | 9% |
| Other Income | -31 | 1 | 15 | 16 | 120 | 33 | 23 | 37 | 7 | 434 | 305 | 36 | 44 |
| Interest | 117 | 106 | 88 | 28 | 92 | 107 | 100 | 96 | 92 | 51 | 3 | 1 | 1 |
| Depreciation | 84 | 85 | 88 | 87 | 104 | 90 | 87 | 131 | 57 | 53 | 24 | 31 | 32 |
| PBT | -143 | -83 | -55 | 36 | 50 | -20 | 18 | 13 | 87 | 582 | 258 | 49 | 71 |
| Tax % | -17% | -29% | -29% | 39% | 42% | 7% | 117% | 117% | 45% | 28% | 3% | 16% | — |
| Net Profit | -119 | -59 | -39 | 22 | 29 | -21 | -3 | -2 | 48 | 421 | 250 | 41 | 57 |
| EPS in Rs | -29.14 | -14.33 | -8.75 | 4.85 | 6.09 | -3.59 | -0.53 | -0.36 | 8.06 | 71.24 | 41.32 | 4.77 | 6.73 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 | 42 | 42 | 45 | 46 | 48 | 60 | 60 | 60 | 60 | 59 | 69 | 87 |
| Reserves | 553 | 476 | 486 | 507 | 540 | 581 | 544 | 541 | 622 | 872 | 1,104 | 1,297 |
| Borrowings | 1,413 | 1,457 | 1,242 | 1,083 | 1,148 | 1,031 | 1,005 | 953 | 862 | 17 | 41 | 18 |
| Other Liabilities | 236 | 240 | 364 | 387 | 188 | 198 | 210 | 247 | 280 | 217 | 224 | 271 |
| Total Liabilities | 2,244 | 2,215 | 2,138 | 2,023 | 1,924 | 1,870 | 1,818 | 1,801 | 1,824 | 1,165 | 1,438 | 1,673 |
| Fixed Assets | 1,117 | 1,099 | 1,042 | 934 | 914 | 843 | 753 | 630 | 587 | 8 | 273 | 306 |
| CWIP | 113 | 78 | 70 | 69 | 20 | 11 | 19 | 10 | 8 | 0 | 0 | 10 |
| Investments | 18 | 18 | 18 | 18 | 19 | 17 | 36 | 29 | 30 | 111 | 213 | 248 |
| Other Assets | 997 | 1,020 | 1,007 | 1,002 | 972 | 998 | 1,011 | 1,131 | 1,199 | 1,047 | 952 | 1,110 |
| Total Assets | 2,244 | 2,215 | 2,138 | 2,023 | 1,924 | 1,870 | 1,818 | 1,801 | 1,824 | 1,165 | 1,438 | 1,673 |
Cash Flow
| Particulars | 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 | 98 | 79 | 96 | 73 | -64 | 125 | 135 | 150 | 195 | -163 | -25 | -70 |
| Investing | -35 | -29 | -31 | -17 | -12 | -9 | -10 | 5 | -13 | -104 | -110 | -73 |
| Financing | -64 | -48 | -69 | -62 | 100 | -133 | -124 | -141 | -186 | 699 | 69 | 142 |
| Net Cash Flow | -1 | 3 | -4 | -6 | 23 | -17 | 1 | 14 | -4 | 431 | -66 | -1 |
| Free Cash Flow | 59 | 49 | 63 | 52 | -79 | 114 | 131 | 137 | 182 | -205 | -51 | -156 |
| CFO/OP | 111 | 74 | 90 | 54 | -51 | 87 | 73 | 74 | 85 | -65 | 131 | -140 |
Ratios
| Particulars | 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 | 215 | 208 | 182 | 194 | 169 | 186 | 177 | 160 | 153 | 48 | 107 | 113 |
| Inventory Days | 312 | 368 | 305 | 291 | 284 | 313 | 301 | 288 | 242 | 6 | 145 | 191 |
| Days Payable | 120 | 137 | 91 | 118 | 114 | 123 | 111 | 118 | 113 | 52 | 140 | 188 |
| Cash Conversion Cycle | 407 | 439 | 396 | 367 | 339 | 375 | 367 | 330 | 282 | 2 | 112 | 116 |
| Working Capital Days | 141 | -26 | -97 | -49 | 217 | 248 | 253 | 253 | 234 | 2 | 115 | 165 |
| ROCE % | 1% | 2% | 2% | 4% | 4% | 5% | 7% | 7% | 13% | 20% | 1% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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67 extracted metrics + investor summaries across FY11–FY26.
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Company Information
Incorporated in 1995, Ind-Swift Laboratories Ltd is a pharmaceutical company focused on finished dosage formulations (FDF). Co. manufactures tablets, capsules, ointments, injectables, liquids and dry syrups across therapies including gynaecology, paediatrics, cardiology, diabetology and dermatology. Operations span domestic formulations and international markets through own brands, contract manufacturing and out-licensing.[1]
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