Unichem Laboratories
Unichem Laboratories
HealthcareKey Fundamentals
MicrocapPharmaceuticalsHealthcareTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has delivered good profit growth of 25.0% CAGR over last 5 years
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.34% over last 3 years.
- Earnings include an other income of Rs.277 Cr.
Growth Rate
AI Analysis — Bull vs Bear
Unichem Laboratories trades at a market cap of Rs.3,339 Cr with a PE of 13.2x and PB of 1.23x. While the company delivered 25% profit CAGR over 5 years, recent performance shows a sharp TTM profit decline of 40% and a low 3-year average ROE of approximately 2%, raising questions about earnings quality and sustainability.
- Strong 5-year compounded profit growth of 25% CAGR indicates long-term earnings recovery trajectory
- Reasonable valuation at PE of 13.2x, below many healthcare sector peers in India
- Price-to-book ratio of 1.23x suggests limited downside from asset value perspective
- Compounded sales growth of 18% over 3 years demonstrates revenue momentum
- 5-year compounded sales growth of 12% shows consistent top-line expansion above industry average
- 3-year compounded profit growth of 35% CAGR reflects operational improvement in recent years
- Stock CAGR of 8% over 5 years and 6% over 10 years shows steady long-term wealth creation
- TTM profit declined sharply by 40%, signaling potential earnings deterioration
- 3-year average ROE of just 2% indicates very poor capital efficiency and weak return generation
- Earnings include other income of Rs.260 Cr, raising concerns about core operating profit quality
- 5-year average ROE of 0% suggests the company barely generated returns on equity over a half-decade
- Company is not paying meaningful dividends despite reporting profits, with yield at only 0.85%
- Stock has declined 21% over the past 1 year, reflecting negative market sentiment
- 10-year compounded profit growth is negative at -3% CAGR, showing long-term earnings weakness
- TTM sales growth has slowed to just 4%, a significant deceleration from the 18% 3-year CAGR
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Net profit surges 84% YoY Jul 3
Consolidated net profit rose to ₹252.84 crores in FY26 from ₹137.52 crores in FY25, an 84% jump. Consolidated revenue grew 4.31% to ₹2,201.85 crores.
- Strong ESG and emission cuts Jul 3
Unichem reduced Scope 1 and 2 emissions by 26% and recycled 84% of treated effluent in FY26, strengthening its sustainability profile.
- Exports dominate at 97.6% revenue Jul 3
Exports accounted for 97.6% of total turnover in FY26, indicating heavy reliance on international markets.
- Trading window shut for Q1 results Jun 23
Trading window closed from July 1, 2026 until 48 hours after Q1FY27 results are disclosed publicly.
- 63rd AGM set for Aug 11 Jun 10
AGM scheduled for August 11, 2026 via video conference with shareholder cut-off date of August 4, 2026.
TL;DR: Unichem Laboratories delivered a strong FY26 with an 84% surge in net profit on modest 4.3% revenue growth, suggesting significant margin expansion. The company is almost entirely export-driven at 97.6% of revenue, which limits domestic diversification but benefits from global pharma demand. No material headwinds surfaced in recent filings. The trend is improving, with profitability gains and ESG progress, though investors should watch for currency and geopolitical risks given the heavy export dependence.
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 | 423 | 416 | 466 | 432 | 483 | 507 | 533 | 587 | 527 | 579 | 521 | 575 | 633 |
| Expenses | 395 | 407 | 435 | 406 | 443 | 452 | 448 | 503 | 504 | 513 | 476 | 527 | 563 |
| Operating Profit | 28 | 9 | 31 | 25 | 40 | 55 | 86 | 84 | 22 | 66 | 45 | 48 | 70 |
| OPM % | 7% | 2.1% | 7% | 6% | 8% | 11% | 16% | 14% | 4.3% | 11% | 9% | 8% | 11% |
| Other Income | 9 | 6 | 79 | -119 | 4 | 9 | 14 | 9 | 7 | -37 | 287 | 11 | 16 |
| Interest | 6 | 7 | 6 | 5 | 4 | 5 | 7 | 5 | 7 | 8 | 7 | 9 | 7 |
| Depreciation | 29 | 29 | 32 | 27 | 32 | 32 | 31 | 30 | 32 | 31 | 31 | 31 | 30 |
| PBT | 2 | -22 | 73 | -126 | 8 | 27 | 62 | 58 | -9 | -11 | 293 | 19 | 49 |
| Tax % | 132% | 12% | 0% | 3% | 74% | 9% | 6% | 8% | 16% | 10% | 10% | 42% | 15% |
| Net Profit | -1 | -24 | 73 | -129 | 2 | 25 | 58 | 53 | -10 | -12 | 264 | 11 | 41 |
| EPS in Rs | -0.1 | -3.48 | 10.4 | -18.37 | 0.29 | 3.5 | 8.22 | 7.52 | -1.49 | -1.69 | 37.54 | 1.55 | 5.89 |
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 | 1,202 | 1,333 | 698 | 815 | 1,180 | 1,104 | 1,235 | 1,270 | 1,343 | 1,785 | 2,111 | 2,202 | 2,308 |
| Expenses | 1,100 | 1,169 | 738 | 942 | 1,254 | 1,153 | 1,144 | 1,198 | 1,389 | 1,698 | 1,846 | 2,013 | 2,079 |
| Operating Profit | 101 | 164 | -41 | -128 | -74 | -49 | 91 | 72 | -46 | 87 | 265 | 189 | 229 |
| OPM % | 8% | 12% | -6% | -16% | -6% | -4.5% | 7% | 6% | -3.4% | 4.9% | 13% | 9% | 10% |
| Other Income | 20 | 15 | 184 | 2,735 | 91 | 91 | 50 | 47 | 0 | -26 | 35 | 260 | 277 |
| Interest | 3 | 3 | 3 | 8 | 8 | 8 | 5 | 6 | 17 | 23 | 21 | 32 | 32 |
| Depreciation | 41 | 39 | 44 | 51 | 67 | 82 | 84 | 91 | 113 | 123 | 125 | 125 | 123 |
| PBT | 77 | 137 | 97 | 2,548 | -58 | -48 | 51 | 22 | -176 | -85 | 155 | 292 | 350 |
| Tax % | 3% | 21% | -12% | 0% | -59% | 25% | 33% | -50% | 15% | 10% | 11% | 14% | — |
| Net Profit | 75 | 108 | 109 | 2,545 | -24 | -60 | 34 | 33 | -202 | -94 | 138 | 253 | 305 |
| EPS in Rs | 8.31 | 11.9 | 11.96 | 362 | -3.38 | -8.55 | 4.87 | 4.7 | -28.72 | -13.32 | 19.53 | 35.91 | 43.29 |
| Div. Payout % | 24% | 17% | 25% | 1% | -118% | -47% | 82% | 85% | -14% | 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 | 18 | 18 | 18 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 849 | 936 | 1,045 | 2,666 | 2,606 | 2,517 | 2,543 | 2,604 | 2,421 | 2,424 | 2,437 | 2,703 |
| Borrowings | 22 | 36 | 98 | 151 | 200 | 206 | 119 | 349 | 314 | 248 | 460 | 500 |
| Other Liabilities | 264 | 283 | 359 | 359 | 323 | 407 | 436 | 351 | 444 | 589 | 659 | 489 |
| Total Liabilities | 1,153 | 1,274 | 1,521 | 3,190 | 3,142 | 3,145 | 3,112 | 3,319 | 3,193 | 3,275 | 3,569 | 3,707 |
| Fixed Assets | 416 | 403 | 491 | 578 | 810 | 870 | 884 | 990 | 1,257 | 1,252 | 1,300 | 1,213 |
| CWIP | 123 | 237 | 250 | 238 | 92 | 330 | 568 | 494 | 147 | 123 | 31 | 100 |
| Investments | 41 | 14 | 14 | 901 | 926 | 550 | 392 | 264 | 2 | 1 | 0 | 0 |
| Other Assets | 574 | 620 | 766 | 1,473 | 1,313 | 1,395 | 1,269 | 1,571 | 1,787 | 1,898 | 2,239 | 2,394 |
| Total Assets | 1,153 | 1,274 | 1,521 | 3,190 | 3,142 | 3,145 | 3,112 | 3,319 | 3,193 | 3,275 | 3,569 | 3,707 |
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 | 78 | 112 | 68 | -112 | -328 | 20 | 33 | -260 | -85 | 14 | -7 | 4 |
| Investing | -52 | -85 | -132 | 1,648 | -286 | -36 | -66 | 100 | 241 | 63 | -242 | 194 |
| Financing | -51 | -33 | 59 | -881 | -2 | -62 | -121 | 191 | -81 | -106 | 184 | 2 |
| Net Cash Flow | -25 | -7 | -4 | 655 | -616 | -78 | -154 | 32 | 75 | -29 | -65 | 200 |
| Free Cash Flow | 4 | -28 | -79 | -271 | -519 | -360 | -254 | -386 | -123 | 0 | -142 | 163 |
| CFO/OP | 95 | 87 | -237 | 89 | 424 | -49 | 52 | -350 | 160 | 23 | 4 | 6 |
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 | 58 | 60 | 165 | 124 | 135 | 129 | 74 | 142 | 160 | 131 | 135 | 137 |
| Inventory Days | 171 | 184 | 397 | 278 | 278 | 374 | 518 | 527 | 414 | 365 | 418 | 349 |
| Days Payable | 114 | 131 | 297 | 230 | 182 | 236 | 202 | 161 | 193 | 174 | 164 | 128 |
| Cash Conversion Cycle | 116 | 113 | 265 | 172 | 231 | 267 | 390 | 508 | 382 | 322 | 389 | 358 |
| Working Capital Days | 88 | 90 | 174 | 133 | 165 | 154 | 163 | 207 | 207 | 173 | 159 | 169 |
| ROCE % | 9% | 15% | 9% | 128% | -2% | -2% | 2% | 1% | -5% | 0% | 6% | 4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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66 extracted metrics + investor summaries across FY15–FY26.
Documents
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Company Information
Unichem Laboratories Ltd is involved in pharmaceuticals in Generics, APIs and Contract Manufacturing (CMO) areas.[1]
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