SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Hikal shines on receiving USFDA approval for its pharmaceutical manufacturing site in Gujarat

26 Apr 2013 Evaluate

Hikal is currently trading at Rs. 409.95, up by 13.20 points or 3.33% from its previous closing of Rs. 396.75 on the BSE.

The scrip opened at Rs. 409.95 and has touched a high and low of Rs. 420.00 and Rs. 405.50 respectively. So far 3,909 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 517.85 on 31-Dec-2012 and a 52 week low of Rs. 263.25 on 05-Jun-2012.

The current market cap of the company is Rs. 673.00 crore.

The promoters holding in the company stood at 68.82%, while Institutions and Non-Institutions held 6.16% and 25.01% respectively.

Hikal’s second manufacturing facility located at Panoli, Bharuch district in the state of Gujarat, which manufactures pharmaceutical ingredients, intermediates and regulated starting materials has successfully completed a USFDA audit and received the approval. The company has already received USFDA approval for its pharmaceutical intermediates and active pharma ingredients (API's) manufacturing site located in Jigani, Bengaluru in Karnataka state.

This additional site approval will further add to capacities, which is beneficial to its customers. It will mitigate the risk of supply by having two sites certified by the USFDA. The additional site certification is a true testimony to the high standards of quality, regulatory compliance and operating standards at Hikal.

Both the sites have multipurpose facilities and capabilities which support the company’s global customers. The pharmaceutical division is supported by 2 R&D centres based in Bangalore and Pune, India where they provide early stage research services, new product development all the way to successful commercialization. The API manufacturing site at Bangalore has been inspected 3 times by the USFDA.

Hikal Share Price

192.15 3.60 (1.91%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×