What is Lactose (India) Ltd (524202) share price return in the past 10 years?

Lactose (India) Ltd share price has appreciated 4.6% annually (CAGR) over the past ten years.

What is the share price of Lactose (India) Ltd (524202)?

Company share prices are keep on changing according to the market conditions. The current trading price of Lactose (India) Ltd (524202) on 04-Jun-2026 16:59:59 at 16:59 is 110.45.

What is the P/E ratio of Lactose (India)?

The latest standalone P/E ratio of Lactose (India) as of 04-Jun-2026 is 22.93.

What is the P/B ratio of Lactose (India) Ltd (524202)?

The latest standalone P/B ratio of Lactose (India) Ltd (524202) as of 04-Jun-2026 is 2.15.

What is the 52-week high and low of Lactose (India) Ltd (524202)?

The 52-week high of Lactose (India) Ltd (524202) is Rs. 136.70 and the 52-week low is Rs. 76.01.

Lactose (India) Ltd (524202) Share Analysis – Quality, Pipeline & Valuation Zone & DeciZen Rating

Name: Lactose (India) Ltd (524202)
Brand: Lactose (India)

Lactose (India) Ltd (524202)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524202 NSE: Pharmaceuticals & Drugs | Small Cap | Lactose India Share Price

Lactose (India) Ltd (524202)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524202 NSE: Pharmaceuticals & Drugs | Small Cap | Lactose India Share Price

Key Metrics

Valuation Multiples

Market Cap

₹139 Cr.

Current Price

₹110.5

52-Week Low / High

₹76 / 137

TTM EPS

₹4.8

TTM Sales

₹163 Cr.

Book Value per Share

₹51.5

P/E Ratio

22.93

Lower than its 5-year historical median

Industry PE

46.5

Price to Book (P/B)

2.15

In line with its 5-year historical median

Price to Sales (P/S)

0.85

Lower than its 5-year historical median

EV/EBITDA

10.28

In line with its 5-year historical median

Dividend Yield

0.00%

Profitability Efficiency

Return on Equity (ROE)

10.40%

Outperforms industry median

Return on Capital Employed (ROCE)

13.01%

Outperforms industry median

Return on Assets (ROA)

4.41%

Operating Profit Margin

14.5%

Net Profit Margin

4.44%

Gross Profit Margin

10.6%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

2.2%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

-11.12%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

-24.01%

Asset Quality

Promoter Holding

53.65%

Pledged shares (%) of Promoter's holding (%)

26.07%

Reserves

₹52 Cr.

Equity

₹12.6 Cr.

Face Value

₹10

All Time Low / High

₹0.25 / 247.40

Lactose (India) stock performance

Key Ratios

Check Before You Invest

Quality

Somewhat Good

Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Weak

Check Price chart

Q.1 Is Lactose (India) Ltd a good quality company?

Lactose (India) Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Lactose (India) Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Lactose (India) Ltd vs industry peers?

Lactose (India) Ltd revenue CAGR is 23.79%, compared to the industry median CAGR of 5.35%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Lactose (India) Ltd?

Promoters hold 53.65% of the Lactose (India) Ltd, with 26.07% of their stake pledged, indicating high pledge risk.

Q.1 Stock return of Lactose (India) Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 5.3% based on the current price.

10 Year X-Ray :

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	14.8%	14.8%	4.1%	9.1%	7.8%	2.8%	10.2%	9.3%	18.2%	13%	-
Value Creation Index ⓘ	0.1	0.1	-0.7	-0.4	-0.4	-0.8	-0.3	-0.3	0.3	-0.1	-
Growth Parameters ⓘ
Sales ⓘ	34.5	35.7	31.1	40.6	40.1	35	45.9	65.8	114	116	163
Sales YoY Gr.	-	3.5%	-12.8%	30.6%	-1.4%	-12.7%	31.4%	43.2%	73.1%	2.2%	-
Adj EPS ⓘ	2.5	2.9	-1.3	0.6	0.1	-2.2	1.8	0.9	5.1	3.8	4.8
YoY Gr.	-	13.4%	-146.3%	NA	-88.7%	-3242.9%	NA	-52.2%	487.4%	-25.1%	-
BVPS (₹) ⓘ	22.5	27.6	31.1	33.6	33.7	30.2	31.2	32.2	37.4	41.5	51.5
Adj Net Profit ⓘ	2.2	2.8	-1.3	0.6	0.1	-2.5	2.3	1.1	6.4	4.8	6
Cash Flow from Ops. ⓘ	1.5	7.6	0.2	4.9	7.4	2.2	8.5	7.9	8.8	-0.3	-
Debt/CF from Ops. ⓘ	25.3	4.6	238.5	7.4	5.3	21.3	4.9	4.9	4.4	-192.2	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	14.5%	23.8%	36.3%	2.2%
Adj EPS ⓘ	4.7%	122.7%	28.2%	-25.1%
BVPSⓘ	7.1%	4.3%	10%	10.9%
Share Price	4.6%	29.7%	32.2%	17.5%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	12.3	11.8	-4.6	1.9	0.2	-7.3	6.2	2.8	14.7	9.1	10.4
Op. Profit Mgn % ⓘ	30.4	31.9	18.1	23.7	23.2	17.8	26.7	17.3	16.7	14.5	10.9
Net Profit Mgn % ⓘ	6.5	7.8	-4.3	1.6	0.2	-7.2	5	1.7	5.6	4.2	3.7
Debt to Equity ⓘ	1.9	1.3	1.2	1.1	1.1	1.3	1.1	1	0.8	1.1	0.4
Working Cap Days ⓘ	187	207	211	158	177	219	199	201	142	173	79
Cash Conv. Cycle ⓘ	42	57	68	64	91	123	100	86	57	91	11

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	34	36	31	41	40	35	46	66	114	116
Operating Expenses ⓘ +	24	24	25	31	31	29	34	54	95	100
Manufacturing Costs	7	7	7	9	9	9	10	18	25	26
Material Costs	7	5	6	6	6	4	7	24	51	51
Employee Cost	7	8	9	11	12	11	12	7	9	10
Other Costs ⓘ	4	3	4	4	4	5	5	6	11	12
Operating Profit ⓘ	10	11	6	10	9	6	12	11	19	17
Operating Profit Margin (%)	30.2%	31.9%	18.1%	23.7%	23.1%	17.8%	26.7%	17.3%	16.7%	14.5%
Other Income ⓘ +	1	1	1	0	0	0	1	1	1	2
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	4	4	5	5	6	5	5	6	5	6
Depreciation ⓘ	3	3	4	4	4	4	5	5	5	5
Profit Before Tax ⓘ	4	4	-3	1	0	-3	3	1	10	7
Tax ⓘ	1	2	-1	0	0	-1	1	0	3	2
Profit After Tax	3	3	-1	1	0	-2	2	1	7	5
PAT Margin (%)	8.1%	7.8%	-4.3%	1.8%	0.2%	-7.1%	5.3%	1.8%	6.0%	4.4%
Adjusted EPS (₹)	3.2	2.9	-1.3	0.7	0.1	-2.2	2.0	1.0	5.4	4.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Valuation of Lactose India - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	20	27	31	34	34	34	39	41	47	52
Share Capital ⓘ	9	10	10	10	10	11	13	13	13	13
Reserves ⓘ	11	17	21	24	24	23	27	28	35	40
Debt +	29	28	34	32	36	42	36	33	30	49
Long Term Debt	23	20	34	32	34	39	34	33	24	26
Short Term Debt	6	8	0	0	2	3	1	0	6	24
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	6	8	5	5	4	2	4	18	8	11
Others Liabilities ⓘ	29	22	12	11	10	10	11	10	15	21
Total Liabilities ⓘ	83	85	83	82	84	88	90	101	101	133
Fixed Assets
Net Fixed Assets ⓘ +	61	62	62	60	62	59	59	56	55	52
Gross Block	84	66	69	71	76	78	81	82	85	88
Accumulated Depreciation	23	3	7	10	14	18	22	26	31	36
CWIP ⓘ	1	1	0	1	0	4	0	0	0	10
Investments ⓘ	0	1	1	0	0	1	1	0	0	0
Inventories	6	6	7	8	9	8	7	23	17	25
Trade Receivables	9	9	5	7	7	6	11	12	15	22
Cash Equivalents	0	1	3	1	2	3	2	1	2	5
Others Assets ⓘ	6	4	4	4	4	7	10	9	12	20
Total Assets ⓘ	83	85	83	82	84	88	90	101	101	133

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	1	8	0	5	7	2	8	8	9	-0
PBT ⓘ	4	4	-3	1	0	-3	3	1	10	7
Adjustment ⓘ	6	7	9	9	9	10	10	11	10	10
Changes in Working Capital ⓘ	-8	-3	-5	-4	-2	-4	-4	-4	-10	-16
Tax Paid ⓘ	-0	-1	-1	-1	0	0	0	-0	-1	-1
Cash Flow From Investing Activity ⓘ +	3	-5	-2	-2	-3	-6	-1	-1	-2	-16
Capex	-2	-4	-2	-2	-3	-5	-1	-2	-2	-14
Net Investments	1	-0	0	-0	0	-1	0	1	0	-0
Others ⓘ	4	-1	0	0	0	0	0	0	0	-2
Cash Flow From Financing Activity ⓘ +	-5	-3	4	-5	-4	5	-8	-8	-6	19
Net Proceeds from Shares ⓘ	0	0	0	0	0	3	2	0	0	0
Net Proceeds from Borrowing ⓘ	-5	-3	12	-2	1	6	-3	-1	-0	18
Interest Paid ⓘ	-4	-4	-6	-5	-6	-5	-5	-6	-5	-5
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	4	4	-2	2	1	2	-2	-1	-0	6
Net Cash Flow ⓘ	-0	-0	3	-2	1	1	-0	-1	1	3

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	15.69	11.95	-4.59	2.2	0.21	-7.21	6.65	3.03	15.49	10.4
ROCE (%)	14.75	14.78	4.08	9.13	7.84	2.81	10.21	9.27	18.18	13.01
Asset Turnover Ratio	0.43	0.42	0.37	0.49	0.48	0.41	0.51	0.69	1.13	0.99
PAT to CFO Conversion(x)	0.33	2.67	N/A	5	N/A	N/A	4	8	1.29	-0
Working Capital Days
Receivable Days	75.10	91.60	83.90	55.10	63.10	70	70.60	66.10	44.70	58.10
Inventory Days	42.80	64.60	79.80	68.50	77.60	89.90	61.30	82.90	63.40	64.80
Payable Days	289	487.60	428.20	305.70	288.90	254	165.10	172.70	95.80	67.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

26.06

26.07

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Lactose (India) Ltd FAQs

The current trading price of Lactose India on 04-Jun-2026 16:59 is ₹110.5.

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 03-Jun-2026 the market cap of Lactose India stood at ₹139.1 Cr

The latest P/E ratio of Lactose India as of 03-Jun-2026 is 22.93.

The latest P/B ratio of Lactose India as of 03-Jun-2026 is 2.15.

The 52-week high of Lactose India is ₹136.7 and the 52-week low is ₹76.01.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lactose India is ₹163 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Lactose (India) Ltd is a average quality company.

The key valuation ratios of Lactose (India) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Lactose (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Lactose (India) Ltd

Lactose (India), a Toshniwal Group company, was incorporated in 1991, under the Companies Act, 1956. Its plant in Vadodara, Gujarat was commissioned by Alfa Laval, Pune (which is a subsidary of Alfa Laval of Sweden) and was also given a â€˜thumbs upâ€™ by reputed dairy experts from the Netherlands in October 1991. Subsequently Alfa Laval, reputed dairy experts from Sweden and a joint commission from the Netherlands studied the plant and its working and confidently acknowledged the plant for its quality standards as well.

For ten years now, Lactose (India) Limited has stood for perfection, quality, constant innovation and complete dedication to their clients. With up to date technology, the company is one of India's leading producers of Edible and Pharmaceutical grade Lactose. Apart from this, the company also manufactures Dairy Whitener, Dairy Calcium, Whey Powder, Casein, Caseinate, Butter and Ghee.

The company still boasts of being the first company to manufacture Lactose in the Asian subcontinent. The company has since grown to be a leading player in the Lactose market and continues to supply consistent quality Lactose to several global giants in the pharmaceutical world. It commands a 40% overall market share and this makes the company the leading Lactose supplier in the country.

With its unparalled infrastructure of requisite equipment and dedicated work force, Lactose (India) has a state of the art manufacturing facility for contract manufacturing of pharmaceutical products.The latest in its diverse interests is the manufacturing of pharmaceutical formulations for Aventis Pharma (earlier-Hoechst Marion Roussel), for the purpose of domestic use and export to Russia.

The state of art manufacturing facilities for the manufacture of pharmacuetical formulations is in compliance with all international standards.The plant is approved under WHO-cGMP guidelines and also holds TUV certificate as an ISO 9001 : 2000 company.The manufacturing facilities include wet granulation,Fluid bed drying, compaction, blending and coating facilities with the latest technology equipments.The manufacturing facilities is well supported by its total in-house Quality Control set-up with latest Testing equipments and an upto date Microbiology Testing Laboratory. The facility is supported by an equally competent and FDA approved Manufacturing professionals.

Besides providing lactose for pharmaceutical giants, food,confectionary and dairy companies in India, the company's product also leaves Indian shores for the African continent, South East Asia, and some of its other neighbouring countries.

After achieving its ambitious goal of being the most successful and leading Lactose manufacturer and supplier in the country, the company is now venturing aggressively into exports of pharmaceuticals and related products.

Product range of the company includes:

Edible and Pharmaceutical grade Lactose
Dairy Whitener
Dairy Calcium
Whey Powder
Casein
Caseinate
Butter and Ghee.

Awards & Achievements:

TUV Certificate
An ISO 9001:2000 Certified company

Lactose (India) Ltd (524202)

Lactose (India) Ltd (524202)

Lactose (India) stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Lactose India - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Lactose (India) Ltd FAQs

About Lactose (India) Ltd

About MoneyWorks4Me

Our Vision

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Lactose (India) Ltd (524202)

Lactose (India) Ltd (524202)

Lactose (India) stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Lactose India - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Lactose (India) Ltd FAQs

What is the share price of Lactose India?

What is the market cap of Lactose India?

What is the P/E ratio of Lactose India?

What is the P/B ratio of Lactose India?

What is the 52-week high and low of Lactose India?

What is the TTM revenue of Lactose India?

Is Lactose (India) Ltd a good quality company?

Is Lactose (India) Ltd undervalued or overvalued?

Is Lactose (India) Ltd a good buy now?

About Lactose (India) Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

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