Ind-Swift Laboratories Ltd (INDSWFTLAB) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 532305 | NSE: INDSWFTLAB | Pharmaceuticals & Drugs | Small Cap

Ind-Swift Lab. Share Price

92.01 -0.92 -0.99%
as on 05-Dec'25 12:16

Ind-Swift Laboratories Ltd (INDSWFTLAB) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 532305 | NSE: INDSWFTLAB | Pharmaceuticals & Drugs | Small Cap

DeciZen - make an informed investing decision on Ind-Swift Lab.

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Ind-Swift Laboratories stock performance -

Key Ratios
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P/E Ratio (SA):
3.17
Market Cap:
758.4 Cr.
52-wk low:
67.2
52-wk high:
124.5

Is Ind-Swift Laboratories Ltd an attractive stock to invest in?


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10 Year X-Ray of Ind-Swift Lab.: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ind-Swift Laboratories Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.4%2.1%4.5%10.7%6%8.2%7.5%12.7%55.5%25.2%-
Value Creation
Index
-0.9-0.9-0.7-0.2-0.6-0.4-0.5-0.13.00.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6396757287247528579881,1521,227550445
Sales YoY Gr.-5.7%7.9%-0.5%3.8%13.9%15.4%16.6%6.5%-55.2%-
Adj EPS -12.2-8.33.1-5.4-5.2-1.1-1.78.223.510.629.4
YoY Gr.-NANA-276.5%NANANANA186.2%-55.1%-
BVPS (₹) 56.156.963.473.570.972.373.783.1156.1158.6159.1
Adj Net
Profit
-49.9-37.313.9-25.7-30.5-6.7-1048.513972.5240
Cash Flow from Ops. 80.492.771.5-74.6123135136183-180-39.2-
Debt/CF from Ops. 18.113.415.2-158.17.26.94.6-0-0.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.7%-6.1%-17.8%-55.2%
Adj EPS NANANA-55.1%
BVPS12.2%17.5%29.1%1.6%
Share Price 10.4% 7.2% 12.7% -12.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-9-7.22.6-4.5-4.9-1-1.67.417.4718.5
Op. Profit
Mgn %
16.715.617.417.318.821.120.319.320.2-2.4-3.8
Net Profit
Mgn %
-7.8-5.51.9-3.5-4.1-0.8-14.211.313.253.9
Debt to
Equity
6.34.93.83.22.42.32.11.7000
Working Cap
Days
531478427428420384350324227290239
Cash Conv.
Cycle
31430528627826725323520810762175

Recent Performance Summary

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Latest Financials - Ind-Swift Laboratories Ltd.

Standalone Consolidated
TTM EPS (₹) 29.4 29.3
TTM Sales (₹ Cr.) 445 452
BVPS (₹.) 159.1 160.2
Reserves (₹ Cr.) 1,217 1,226
P/BV 0.58 0.58
PE 3.17 3.17
From the Market
52 Week Low / High (₹) 67.15 / 124.45
All Time Low / High (₹) 13.25 / 297.35
Market Cap (₹ Cr.) 758
Equity (₹ Cr.) 81.6
Face Value (₹) 10
Industry PE 40.7

Management X-Ray of Ind-Swift Lab.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *86.8486.8486.8448.570.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Ind-Swift Lab. - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Ind-Swift Lab.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6396757287247528579881,1521,227550
Operating Expenses 532570602599611676794930977563
Manufacturing Costs61699387941029911910751
Material Costs344377372379379425498617624285
Employee Cost 616885899495115123138104
Other Costs 6656514344548271109123
Operating Profit 107105127125141180194222250-13
Operating Profit Margin (%) 16.7%15.6%17.4%17.3%18.8%21.1%19.6%19.3%20.4%-2.4%
Other Income 16232647362342334581
Interest 1069035921071009692513
Depreciation 8588871049087131575324
Exceptional Items -15-5-28300-2-27387223
Profit Before Tax -83-562959-2016879577264
Tax -24-16112012114371598
Profit After Tax -59-401839-21-4-642418256
PAT Margin (%) -9.2%-5.9%2.4%5.3%-2.8%-0.5%-0.6%3.7%34.1%46.6%
Adjusted EPS (₹)-14.4-8.93.98.1-3.5-0.7-1.07.270.837.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 5155235425906456396336759221,090
Share Capital 42454648606060605969
Reserves 4734784965425855795736168631,021
Minority Interest0000000000
Debt1,2509988321,058974948903793628
Long Term Debt746592520966891875839744323
Short Term Debt504406311938373644935
Trade Payables1299511711612712416319364110
Others Liabilities 287399411703748549681149
Total Liabilities 2,1812,0151,9011,8341,7821,7581,7531,7581,0731,377

Fixed Assets

Gross Block1,4201,4071,3491,3791,3561,2981,3151,3307652
Accumulated Depreciation3223744254785135606887452381
Net Fixed Assets 1,0991,0329249018437386275855271
CWIP 78706920111910800
Investments 26393939265511185166269
Inventories3563443173173433544144280107
Trade Receivables359341383333385400428469107160
Cash Equivalents 2114629910910426413
Others Assets 242174163195165182153174369157
Total Assets 2,1812,0151,9011,8341,7821,7581,7531,7581,0731,377

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 809371-75123135136183-180-39
PBT -69-5131-24-20161010619141
Adjustment 187168104176176179226133125-40
Changes in Working Capital -38-24-63-227-33-60-99-56-495-40
Tax Paid 0000000000
Cash Flow From Investing Activity -30-31-17-2-10-103-14-104-110
Capex -30-32-21-15-11-4-13-13-42-26
Net Investments -0-0000-615-1-81-126
Others 1141311111842
Cash Flow From Financing Activity -48-69-62100-133-124-140-16870074
Net Proceeds from Shares 0011000000
Net Proceeds from Borrowing 0000000000
Interest Paid -17-6-21-62-68-84-105-129-126-42
Dividend Paid 0000000000
Others -31-63-42161-66-40-35-40826116
Net Cash Flow 3-7-823-201-11416-75

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-23.42-16.416.5112.12-5.41-1.04-1.329.1759.225.45
ROCE (%)1.382.144.4510.656.048.247.4712.6755.5425.18
Asset Turnover Ratio0.30.330.380.390.420.490.570.660.870.46
PAT to CFO Conversion(x)N/AN/A3.94-1.92N/AN/AN/A4.36-0.43-0.15
Working Capital Days
Receivable Days2031841791801731661521428586
Inventory Days195184164159159147141133069
Payable Days13710910411211710810510575112

Ind-Swift Laboratories Ltd Stock News

Ind-Swift Laboratories Ltd FAQs

The current trading price of Ind-Swift Lab. on 05-Dec-2025 12:16 is ₹92.01.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Ind-Swift Lab. stood at ₹758.4.
The latest P/E ratio of Ind-Swift Lab. as of 04-Dec-2025 is 3.17.
The latest P/B ratio of Ind-Swift Lab. as of 04-Dec-2025 is 0.58.
The 52-week high of Ind-Swift Lab. is ₹124.5 and the 52-week low is ₹67.15.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ind-Swift Lab. is ₹444.6 ( Cr.) .

About Ind-Swift Laboratories Ltd

Ind-Swift Laboratories is a part of the Ind-swift Group and is based at Chandigarh, India. It has been promoted by Ind-Swift Limited in a joint venture with the Punjab State Industrial Development Corporation Limited (PSIDC). The group has established a strong reputation as innovators in the Indian pharmaceutical industry. 

Ind-Swift Laboratories Ltd. went public in 1997 and concentrated on the manufacturing of Active Pharmaceutical Ingredients (API). Its strength in organic synthetic chemistry resulted in the company emerging as the pioneer for a number of products both in the national and international markets. As the company built up vast skills in the area of research and development, quality systems as well as matters relating to regulatory compliance, it began establishing a presence in the highly regulated markets of the world.

Over a short period of time, Ind-Swift Laboratories Ltd. has emerged as a respectable and dependable supplier of Bulk-Actives in more than 40 countries. Not only are the company's plants built as per USFDA, the company employs current Good Manufacturing Practices (cGMP) also, which are recognised and accepted in the stringent regulated markets. This includes a responsible commitment to the environment.   To leverage its quality commitment, the Company has drawn out a long term strategy of emerging as a powerful force in the regulated markets as drugs worth over US$ 80 billion goes off patent during this decade.

The company's shares are listed on the Bombay, National, Ludhiana and Delhi stock exchanges.

Product range of the company include:

  • Macrolide antibiotics
  • Cardiovascular
  • Anti histamine
  • Anti diabetic
  • Analgesic
  • Aromatase inhibtors
  • Anti depressant
  • Alcohol absistence

MANUFACTURING

Ind-Swift's manufacturing facilities are second to none, and in fact has grown over the years to accommodate a wide range of products. However, even with the spiraling increase in production, it has never compromised on Quality, which has always remained its mantra.

The company has put to operation three new manufacturing facilities covered under its Rs 1 billion expansion plans. The three facilities were a dedicated facility to manufacture Statins ( installed capacity of 40TPA) , a new dedicated facility for an Anti-Histamine drug ( installed capacity 27 TPA) and a New API facility at Samba, Jammu (installed capacity of 50TPA ) . All these facilities conform to USFDA standards and have been put to commercial production. The new facility at Jammu is situated in a tax free zone and shall be entitled to tax holiday for a period of ten years.

Strict Quality Control

Equipped with state-of-the-art quality testing equipment and well trained personnel, Ind-Swift maintains strict quality control, storage to delivery in accordance with GMP and ISO 9002. Quality of products meet the respective requirement of USP/BP/EP/JP etc., as per the international quality standards.

Manufacturing Facilities

  • 1,50,000 sq. ft. covered area
  • 5 Dedicated Blocks operating as per US FDA guidelines.
  • 132 Stainless Steel and Glass Lined Reaction Vessels with capacities ranging from 50 to 6000 liters. (Total Volume 245 kilo liters)
  • 3 Automated Fluidized Bed Coaters with capacity of manufacturing 3 MT of Granules per month.
  • cGMP Pilot Plant having 7 reaction vessels with capacities ranging from 250 to 1000 liters. (Total Volume 3.63 kilo liters)
  • Fully Automated Solvent Recovery System
  • Biological Waste Water Treatment Plant

Future plans

While development of new molecules will remain its core activity in the post patent era the Company will also focus on alternate and non-infringing routes for the drugs whose patent will expire in coming years.

To enter the regulated markets like USA, EU, Australia, and New Zealand, the company is focusing on getting its manufacturing plant approved by regulatory agencies like USFDA, TGA and MCA.

A new R&D Center with investment of $ 5 Million is already planned in Mohali with a focus to develop NCEs.

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