Nifty

:

25330.25

Sensex

:

82693.71

91.15 (0.36%)
313.02 (0.38%)

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Nifty
Sensex

:
:

25330.25
82693.71

91.15 (0.36%)
313.02 (0.38%)

Hikal Ltd.

Pharmaceuticals & Drugs - Global

Rating :

40/99

BSE: 524735 | NSE: HIKAL

Watchlist

NSE BSE

269.80

17-Sep-2025

Open
High
Low
Previous Close

270
271
266
267.95

Volume
Traded Value (lacs)
52 Week High
52 Week Low

230952
62067571.75
464.75
245

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

3,325.42
52.53
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

4,069.52
0.52%
2.68

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

7.23
1.57
-2.77

EBITDA CAGR (%)

10 Years
5 Years
3 Years

6.15
0.34
5.02

PAT CAGR (%)

10 Years
5 Years
3 Years

8.22
-7.37
5.03

P:E (Median)

8 Years
5 Years
3 Years

31.45
45.99
52.18

P:BV (Average)

8 Years
5 Years
3 Years

3.45
3.89
3.49

EV:EBITDA (Average)

8 Years
5 Years
3 Years

13.68
16.15
17.25

Earnings Forecasts:

(Updated: 16-09-2025)

Description 2024 2025 2026 2027
Adj EPS 7.36 7.3 12.4 17.14
P/E Ratio 36.66 36.96 21.76 15.74
Revenue 1843.5 1940.8 2173.8
EBITDA 328.4 333.4 435.6 514
Net Income 90.8 89.5 153.2 211.4
ROA 3.62 10.2 12.8 11.82
P/B Ratio 2.64 2.39 2.09 1.96
ROE 7.41 6.9 10.8 13.27
FCFF 68.8 211 173.2 233.36
FCFF Yield 1.74 5.34 4.38 5.91
Net Debt 746.7 608.6 511.2 351.9
BVPS 102.38 113.1 129.3 137.4

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 380.40 406.80 -6.49% 552.40 514.10 7.45% 447.70 447.50 0.04% 452.90 434.90 4.14%
Expenses 355.60 348.70 1.98% 428.90 419.80 2.17% 375.50 382.70 -1.88% 378.20 377.40 0.21%
EBITDA 24.80 58.10 -57.31% 123.50 94.30 30.97% 72.20 64.80 11.42% 74.70 57.50 29.91%
EBIDTM 6.52% 14.28% 22.36% 18.34% 16.13% 14.48% 16.49% 13.22%
Other Income 1.00 0.50 100.00% 0.50 0.50 0.00% 3.60 0.10 3,500.00% 0.40 1.00 -60.00%
Interest 17.10 19.80 -13.64% 17.90 15.30 16.99% 18.70 14.20 31.69% 18.80 13.10 43.51%
Depreciation 39.40 31.80 23.90% 37.70 32.30 16.72% 33.20 29.00 14.48% 31.70 28.60 10.84%
PBT -30.70 7.00 - 68.40 47.20 44.92% 23.90 21.70 10.14% 24.60 16.80 46.43%
Tax -8.00 1.80 - 18.10 13.40 35.07% 6.60 5.50 20.00% 6.50 4.30 51.16%
PAT -22.70 5.20 - 50.30 33.80 48.82% 17.30 16.20 6.79% 18.10 12.50 44.80%
PATM -5.97% 1.28% 9.11% 6.57% 3.86% 3.62% 4.00% 2.87%
EPS -1.84 0.42 - 4.08 2.74 48.91% 1.40 1.31 6.87% 1.47 1.01 45.54%

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 380.40 406.80 -6.49% 552.40 514.10 7.45% 447.70 447.50 0.04% 452.90 434.90 4.14%
Expenses 355.30 348.80 1.86% 429.00 419.70 2.22% 375.60 382.80 -1.88% 378.00 377.30 0.19%
EBITDA 25.10 58.00 -56.72% 123.40 94.40 30.72% 72.10 64.70 11.44% 74.90 57.60 30.03%
EBIDTM 6.60% 14.26% 22.34% 18.36% 16.10% 14.46% 16.54% 13.24%
Other Income 1.00 0.50 100.00% 0.50 0.50 0.00% 3.60 0.10 3,500.00% 0.40 1.00 -60.00%
Interest 17.10 19.80 -13.64% 17.90 15.30 16.99% 18.70 14.20 31.69% 18.80 13.10 43.51%
Depreciation 39.40 31.80 23.90% 37.70 32.30 16.72% 33.20 29.00 14.48% 31.70 28.60 10.84%
PBT -30.40 6.90 - 68.30 47.30 44.40% 23.80 21.60 10.19% 24.80 16.90 46.75%
Tax -8.00 1.80 - 18.10 13.40 35.07% 6.60 5.50 20.00% 6.50 4.30 51.16%
PAT -22.40 5.10 - 50.20 33.90 48.08% 17.20 16.10 6.83% 18.30 12.60 45.24%
PATM -5.89% 1.25% 9.09% 6.59% 3.84% 3.60% 4.04% 2.90%
EPS -1.81 0.41 - 4.06 2.74 48.18% 1.39 1.30 6.92% 1.48 1.02 45.10%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 1,833.40 1,859.80 1,784.60 2,023.03 1,942.72 1,720.44 1,507.26 1,589.61 1,296.09 1,013.94 925.65 Net Sales Growth 1.67% 4.21% -11.79% 4.13% 12.92% 14.14% -5.18% 22.65% 27.83% 9.54% Cost Of Goods Sold 831.80 837.30 824.70 1,107.03 996.39 908.37 776.32 853.82 698.90 508.88 464.89 Gross Profit 1,001.60 1,022.50 959.90 916.00 946.33 812.06 730.94 735.79 597.19 505.06 460.76 GP Margin 54.63% 54.98% 53.79% 45.28% 48.71% 47.20% 48.49% 46.29% 46.08% 49.81% 49.78% Total Expenditure 1,538.20 1,531.30 1,517.70 1,765.97 1,602.15 1,397.55 1,234.10 1,291.48 1,054.35 816.74 744.72 Power & Fuel Cost - 168.10 170.20 186.91 175.46 147.83 129.99 132.04 108.41 85.63 83.70 % Of Sales - 9.04% 9.54% 9.24% 9.03% 8.59% 8.62% 8.31% 8.36% 8.45% 9.04% Employee Cost - 242.30 244.00 220.40 201.35 164.32 156.57 135.69 128.06 116.69 108.06 % Of Sales - 13.03% 13.67% 10.89% 10.36% 9.55% 10.39% 8.54% 9.88% 11.51% 11.67% Manufacturing Exp. - 141.30 133.70 111.43 104.05 85.18 85.78 83.61 50.48 38.41 32.69 % Of Sales - 7.60% 7.49% 5.51% 5.36% 4.95% 5.69% 5.26% 3.89% 3.79% 3.53% General & Admin Exp. - 69.50 85.70 79.15 60.89 38.67 43.05 35.77 28.33 30.77 26.77 % Of Sales - 3.74% 4.80% 3.91% 3.13% 2.25% 2.86% 2.25% 2.19% 3.03% 2.89% Selling & Distn. Exp. - 45.90 33.30 34.03 42.74 31.46 20.45 23.36 22.52 18.02 17.09 % Of Sales - 2.47% 1.87% 1.68% 2.20% 1.83% 1.36% 1.47% 1.74% 1.78% 1.85% Miscellaneous Exp. - 26.90 26.10 27.02 21.28 21.71 21.95 27.19 17.66 18.34 17.09 % Of Sales - 1.45% 1.46% 1.34% 1.10% 1.26% 1.46% 1.71% 1.36% 1.81% 1.25% EBITDA 295.20 328.50 266.90 257.06 340.57 322.89 273.16 298.13 241.74 197.20 180.93 EBITDA Margin 16.10% 17.66% 14.96% 12.71% 17.53% 18.77% 18.12% 18.75% 18.65% 19.45% 19.55% Other Income 5.50 5.00 2.50 5.41 4.89 4.98 3.70 2.26 4.46 3.44 1.84 Interest 72.50 75.20 56.40 48.10 31.22 36.20 52.42 58.43 49.12 48.27 62.19 Depreciation 142.00 134.40 117.60 109.01 95.67 85.25 82.46 92.88 85.59 69.14 67.28 PBT 86.20 123.90 95.40 105.36 218.57 206.43 141.98 149.09 111.49 83.22 53.31 Tax 23.20 33.00 25.90 26.98 58.06 73.28 42.14 46.01 34.27 12.55 11.99 Tax Rate 26.91% 26.63% 27.15% 25.61% 26.56% 35.50% 33.29% 30.86% 30.74% 15.08% 22.49% PAT 63.00 90.90 69.50 78.38 160.51 133.14 84.44 103.08 77.23 70.67 41.32 PAT before Minority Interest 63.00 90.90 69.50 78.38 160.51 133.14 84.44 103.08 77.23 70.67 41.32 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 3.44% 4.89% 3.89% 3.87% 8.26% 7.74% 5.60% 6.48% 5.96% 6.97% 4.46% PAT Growth -6.94% 30.79% -11.33% -51.17% 20.56% 57.67% -18.08% 33.47% 9.28% 71.03% EPS 5.11 7.37 5.64 6.36 13.02 10.80 6.85 8.36 6.26 5.73 3.35

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 1,833.40 1,859.80 1,784.60 2,023.03 1,942.72 1,720.44 1,507.26 1,589.61 1,296.09 1,013.94 925.65 Net Sales Growth 1.67% 4.21% -11.79% 4.13% 12.92% 14.14% -5.18% 22.65% 27.83% 9.54% Cost Of Goods Sold 831.80 837.30 824.70 1,107.03 996.39 908.37 776.32 853.82 698.90 508.88 464.89 Gross Profit 1,001.60 1,022.50 959.90 916.00 946.33 812.06 730.94 735.79 597.19 505.06 460.76 GP Margin 54.63% 54.98% 53.79% 45.28% 48.71% 47.20% 48.49% 46.29% 46.08% 49.81% 49.78% Total Expenditure 1,537.90 1,531.40 1,517.60 1,765.96 1,602.16 1,397.55 1,234.11 1,291.48 1,054.35 815.48 744.81 Power & Fuel Cost - 168.10 170.20 186.91 175.46 147.83 129.99 132.04 108.41 85.63 83.70 % Of Sales - 9.04% 9.54% 9.24% 9.03% 8.59% 8.62% 8.31% 8.36% 8.45% 9.04% Employee Cost - 247.10 246.50 222.44 203.38 164.32 156.57 135.69 128.06 116.69 108.06 % Of Sales - 13.29% 13.81% 11.00% 10.47% 9.55% 10.39% 8.54% 9.88% 11.51% 11.67% Manufacturing Exp. - 141.30 133.70 111.43 104.05 85.18 85.78 83.61 50.48 38.41 32.69 % Of Sales - 7.60% 7.49% 5.51% 5.36% 4.95% 5.69% 5.26% 3.89% 3.79% 3.53% General & Admin Exp. - 72.30 86.90 80.23 60.89 38.68 43.05 35.77 28.33 30.77 26.86 % Of Sales - 3.89% 4.87% 3.97% 3.13% 2.25% 2.86% 2.25% 2.19% 3.03% 2.90% Selling & Distn. Exp. - 38.40 29.60 30.89 40.71 31.46 20.45 23.36 22.52 18.02 17.09 % Of Sales - 2.06% 1.66% 1.53% 2.10% 1.83% 1.36% 1.47% 1.74% 1.78% 1.85% Miscellaneous Exp. - 26.90 26.00 27.03 21.29 21.71 21.95 27.19 17.66 17.09 17.09 % Of Sales - 1.45% 1.46% 1.34% 1.10% 1.26% 1.46% 1.71% 1.36% 1.69% 1.25% EBITDA 295.50 328.40 267.00 257.07 340.56 322.89 273.15 298.13 241.74 198.46 180.84 EBITDA Margin 16.12% 17.66% 14.96% 12.71% 17.53% 18.77% 18.12% 18.75% 18.65% 19.57% 19.54% Other Income 5.50 5.00 2.50 5.41 4.89 4.98 3.70 2.26 4.46 3.44 1.84 Interest 72.50 75.20 56.40 48.10 31.22 36.20 52.42 58.43 49.12 48.27 62.21 Depreciation 142.00 134.40 117.60 109.01 95.67 85.25 82.46 92.88 85.59 69.14 67.28 PBT 86.50 123.80 95.50 105.37 218.56 206.43 141.98 149.08 111.49 84.47 53.19 Tax 23.20 33.00 25.90 26.98 58.06 73.28 42.14 46.01 34.27 12.55 11.99 Tax Rate 26.82% 26.66% 27.12% 25.61% 26.56% 35.50% 33.29% 30.86% 30.74% 15.64% 22.54% PAT 63.30 90.80 69.60 78.38 160.50 133.14 84.44 103.08 77.23 67.72 41.20 PAT before Minority Interest 63.30 90.80 69.60 78.38 160.50 133.14 84.44 103.08 77.23 67.72 41.20 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 3.45% 4.88% 3.90% 3.87% 8.26% 7.74% 5.60% 6.48% 5.96% 6.68% 4.45% PAT Growth -6.50% 30.46% -11.20% -51.17% 20.55% 57.67% -18.08% 33.47% 14.04% 64.37% EPS 5.13 7.36 5.64 6.36 13.02 10.80 6.85 8.36 6.26 5.49 3.34

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 1,262.20 1,187.60 1,133.49 1,068.01 933.42 816.52 756.22 669.39 604.99 564.90 Share Capital 24.70 24.70 24.66 24.66 24.66 24.66 24.66 16.44 16.44 16.44 Total Reserves 1,237.50 1,162.90 1,108.83 1,043.35 908.76 791.86 731.56 652.96 588.55 548.46 Non-Current Liabilities 533.10 643.00 590.46 431.90 378.99 410.16 359.42 311.82 324.23 336.88 Secured Loans 367.20 422.90 489.88 286.68 262.89 303.40 297.84 296.63 320.15 296.61 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 71.70 128.20 24.22 79.59 77.94 73.43 48.74 15.65 14.30 10.22 Current Liabilities 1,011.10 932.80 661.53 828.13 703.30 652.77 659.02 616.17 470.29 397.31 Trade Payables 304.20 278.80 313.24 249.05 229.61 201.16 160.00 164.55 130.43 127.85 Other Current Liabilities 192.30 172.80 157.49 232.09 148.61 133.28 136.11 113.94 75.93 62.03 Short Term Borrowings 263.30 288.60 173.31 272.60 251.43 257.54 301.88 277.16 230.24 171.94 Short Term Provisions 251.30 192.60 17.49 74.39 73.65 60.80 61.03 60.52 33.69 35.49 Total Liabilities 2,806.40 2,763.40 2,385.48 2,328.04 2,015.71 1,879.45 1,774.66 1,597.38 1,399.51 1,299.09 Net Block 1,364.50 1,070.60 948.31 879.46 712.55 735.22 712.96 633.59 668.33 623.18 Gross Block 2,225.20 1,802.40 1,563.59 1,387.80 1,127.49 1,064.92 960.28 788.33 737.47 1,147.15 Accumulated Depreciation 860.70 731.80 615.27 508.33 414.94 329.70 247.31 154.73 69.14 523.97 Non Current Assets 1,588.20 1,620.70 1,446.47 1,304.79 1,090.59 1,048.23 888.18 851.30 792.72 808.90 Capital Work in Progress 121.20 414.30 412.15 294.78 254.24 160.82 78.69 117.88 62.76 66.13 Non Current Investment 9.50 5.40 5.31 0.65 0.62 0.69 1.03 2.61 3.63 3.13 Long Term Loans & Adv. 91.20 129.40 75.91 128.77 116.34 145.30 85.40 91.55 37.81 86.61 Other Non Current Assets 1.80 1.00 4.78 1.13 6.83 6.21 10.11 5.67 20.20 29.86 Current Assets 1,218.20 1,142.70 939.00 1,023.25 925.12 831.22 886.48 746.08 606.79 490.19 Current Investments 0.00 0.00 0.00 10.27 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 334.50 303.70 316.74 328.98 266.70 312.46 364.23 303.05 263.58 291.11 Sundry Debtors 522.40 550.30 441.78 437.72 485.53 340.44 349.72 287.37 256.47 112.31 Cash & Bank 17.90 20.80 59.53 49.09 36.81 63.57 31.74 27.22 16.46 19.16 Other Current Assets 343.40 19.90 17.93 23.07 136.08 114.74 140.79 128.43 70.27 67.62 Short Term Loans & Adv. 326.50 248.00 103.01 174.12 123.79 104.25 132.37 113.93 59.54 57.43 Net Current Assets 207.10 209.90 277.48 195.11 221.82 178.45 227.46 129.91 136.51 92.88 Total Assets 2,806.40 2,763.40 2,385.47 2,328.04 2,015.71 1,879.45 1,774.66 1,597.38 1,399.51 1,299.09

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 1,262.30 1,187.70 1,133.47 1,067.98 933.40 816.50 756.21 669.38 604.98 563.78 Share Capital 24.70 24.70 24.66 24.66 24.66 24.66 24.66 16.44 16.44 16.44 Total Reserves 1,237.60 1,163.00 1,108.81 1,043.32 908.74 791.84 731.55 652.95 588.54 547.34 Non-Current Liabilities 533.10 643.00 590.46 431.90 378.99 410.16 359.42 311.82 324.23 336.88 Secured Loans 367.20 422.90 489.88 286.68 262.89 303.40 297.84 296.63 320.15 296.61 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 71.70 128.20 24.22 79.59 77.94 73.43 48.74 15.65 14.30 10.22 Current Liabilities 1,010.80 932.80 661.55 828.15 703.31 652.77 659.02 616.17 470.29 397.36 Trade Payables 304.10 278.80 313.27 249.07 229.62 201.16 160.01 164.55 130.43 127.87 Other Current Liabilities 192.10 172.80 157.49 232.09 148.61 133.28 136.11 113.94 75.93 62.03 Short Term Borrowings 263.30 288.60 173.31 272.60 251.43 257.54 301.88 277.16 230.24 171.96 Short Term Provisions 251.30 192.60 17.49 74.39 73.65 60.80 61.03 60.52 33.69 35.49 Total Liabilities 2,806.20 2,763.50 2,385.48 2,328.03 2,015.70 1,879.43 1,774.65 1,597.37 1,399.50 1,298.02 Net Block 1,364.50 1,070.60 948.31 879.46 712.55 735.22 712.96 633.59 668.33 623.18 Gross Block 2,225.20 1,802.40 1,563.59 1,387.80 1,127.49 1,064.92 960.28 788.33 737.47 1,147.23 Accumulated Depreciation 860.70 731.80 615.27 508.33 414.94 329.70 247.31 154.73 69.14 524.05 Non Current Assets 1,589.50 1,620.70 1,446.46 1,304.78 1,090.58 1,048.22 888.17 851.29 792.71 807.83 Capital Work in Progress 121.20 414.30 412.15 294.78 254.24 160.82 78.69 117.88 62.76 66.13 Non Current Investment 9.50 5.40 5.30 0.64 0.61 0.68 1.02 2.60 3.62 3.12 Long Term Loans & Adv. 92.50 129.40 75.91 128.77 116.34 145.30 85.40 91.55 37.81 85.55 Other Non Current Assets 1.80 1.00 4.78 1.13 6.83 6.21 10.11 5.67 20.20 29.86 Current Assets 1,216.70 1,142.80 939.02 1,023.25 925.12 831.22 886.48 746.08 606.79 490.19 Current Investments 0.00 0.00 0.00 10.27 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 334.50 303.70 316.74 328.98 266.70 312.46 364.23 303.05 263.58 291.11 Sundry Debtors 522.40 550.30 441.78 437.72 485.53 340.44 349.72 287.37 256.47 112.31 Cash & Bank 18.00 20.90 59.55 49.09 36.81 63.57 31.74 27.22 16.46 19.16 Other Current Assets 341.80 19.90 17.93 23.07 136.08 114.74 140.79 128.43 70.27 67.62 Short Term Loans & Adv. 324.90 248.00 103.01 174.12 123.79 104.25 132.37 113.93 59.54 57.43 Net Current Assets 205.90 210.00 277.47 195.10 221.81 178.44 227.45 129.91 136.51 92.84 Total Assets 2,806.20 2,763.50 2,385.48 2,328.03 2,015.70 1,879.44 1,774.65 1,597.37 1,399.50 1,298.02

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 280.40 186.60 315.29 293.73 229.02 284.93 185.59 138.81 163.49 185.70 PBT 123.90 95.40 105.36 218.57 206.43 141.98 149.09 111.49 83.22 53.31 Adjustment 215.10 174.90 163.13 126.27 126.99 136.17 158.81 140.35 123.92 133.60 Changes in Working Capital -28.80 -53.40 75.60 18.69 -57.90 46.49 -89.69 -87.16 -23.92 11.41 Cash after chg. in Working capital 310.20 216.90 344.09 363.53 275.52 324.64 218.21 164.69 183.22 198.31 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -29.80 -30.30 -28.80 -69.80 -46.50 -24.31 -32.62 -25.87 -19.73 -12.61 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 -15.40 0.00 0.00 0.00 0.00 Cash From Investing Activity -136.50 -173.70 -292.34 -284.37 -156.20 -163.80 -124.59 -110.12 -102.59 -64.07 Net Fixed Assets -129.70 -240.96 -293.16 -300.85 -155.99 -186.77 -132.76 -105.98 413.05 -55.58 Net Investments -4.10 -0.09 5.61 -10.30 0.07 0.34 1.58 1.02 -0.50 0.00 Others -2.70 67.35 -4.79 26.78 -0.28 22.63 6.59 -5.16 -515.14 -8.49 Cash from Financing Activity -143.60 -27.00 -7.68 -5.56 -96.87 -100.86 -55.41 -24.79 -63.27 -123.56 Net Cash Inflow / Outflow 0.30 -14.10 15.27 3.80 -24.05 20.27 5.59 3.90 -2.37 -1.92 Opening Cash & Equivalents 12.60 26.70 11.44 7.64 31.68 11.41 5.82 1.93 4.29 6.21 Closing Cash & Equivalent 12.90 12.60 26.71 11.44 7.64 31.68 11.41 5.82 1.93 4.29

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 280.40 186.70 315.31 293.73 229.02 284.93 185.59 138.81 163.48 185.61 PBT 123.80 95.50 105.37 218.56 206.43 141.98 149.08 111.49 80.27 53.19 Adjustment 215.10 174.90 163.13 126.27 126.99 136.17 158.81 140.35 126.88 133.68 Changes in Working Capital -28.70 -53.40 75.61 18.70 -57.89 46.49 -89.69 -87.16 -23.93 11.35 Cash after chg. in Working capital 310.20 217.00 344.11 363.53 275.52 324.64 218.21 164.69 183.22 198.22 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -29.80 -30.30 -28.80 -69.80 -46.50 -24.31 -32.62 -25.87 -19.73 -12.61 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 -15.40 0.00 0.00 0.00 0.00 Cash From Investing Activity -136.50 -173.70 -292.34 -284.37 -156.20 -163.80 -124.59 -110.12 -102.17 -63.91 Net Fixed Assets -129.70 -240.96 -293.16 -300.85 -155.99 -186.77 -132.76 -105.98 413.05 -55.58 Net Investments -4.10 -0.09 5.61 -10.30 0.07 0.34 1.58 1.02 -0.50 0.00 Others -2.70 67.35 -4.79 26.78 -0.28 22.63 6.59 -5.16 -514.72 -8.33 Cash from Financing Activity -143.60 -27.00 -7.68 -5.56 -96.87 -100.86 -55.40 -24.79 -63.28 -123.63 Net Cash Inflow / Outflow 0.30 -14.00 15.29 3.80 -24.05 20.27 5.59 3.90 -1.96 -1.93 Opening Cash & Equivalents 12.70 26.70 11.44 7.64 31.68 11.41 5.82 1.93 3.89 6.23 Closing Cash & Equivalent 13.00 12.70 26.73 11.44 7.64 31.68 11.41 5.82 1.93 4.29

Financial Ratios

Consolidated /

Standalone

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 102.20 96.16 91.93 86.62 75.70 66.22 61.33 54.29 49.07 37.25 ROA 3.26% 2.70% 3.33% 7.39% 6.84% 4.62% 6.11% 5.15% 5.24% 3.17% ROE 7.42% 5.99% 7.12% 16.04% 15.22% 10.74% 14.46% 12.12% 13.28% 9.32% ROCE 9.89% 7.82% 8.47% 15.21% 16.15% 12.44% 15.25% 12.81% 12.14% 11.92% Fixed Asset Turnover 0.92 1.06 1.37 1.54 1.57 1.49 1.82 1.70 1.10 0.83 Receivable days 105.26 101.45 79.34 86.73 87.62 83.56 73.14 76.34 65.09 46.88 Inventory Days 62.63 63.45 58.25 55.96 61.44 81.93 76.61 79.54 97.91 118.04 Payable days 127.07 131.01 92.70 87.67 86.55 52.18 44.26 48.94 56.68 62.71 Cash Conversion Cycle 40.82 33.89 44.89 55.02 62.51 113.32 105.49 106.94 106.32 102.20 Total Debt/Equity 0.60 0.69 0.66 0.63 0.65 0.79 0.87 0.95 0.99 1.10 Interest Cover 2.65 2.69 3.19 8.00 6.70 3.41 3.55 3.27 2.72 1.86

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 102.21 96.17 91.93 86.62 75.70 66.22 61.33 54.29 49.07 37.16 ROA 3.26% 2.70% 3.33% 7.39% 6.84% 4.62% 6.11% 5.15% 5.02% 3.17% ROE 7.41% 6.00% 7.12% 16.04% 15.22% 10.74% 14.46% 12.12% 12.74% 9.32% ROCE 9.88% 7.82% 8.47% 15.21% 16.15% 12.44% 15.25% 12.81% 11.87% 11.92% Fixed Asset Turnover 0.92 1.06 1.37 1.54 1.57 1.49 1.82 1.70 1.10 0.83 Receivable days 105.26 101.45 79.34 86.73 87.62 83.56 73.14 76.34 65.09 46.88 Inventory Days 62.63 63.45 58.25 55.96 61.44 81.93 76.61 79.54 97.91 118.04 Payable days 127.05 131.02 92.70 87.68 86.55 52.18 44.26 48.94 56.69 62.74 Cash Conversion Cycle 40.84 33.88 44.89 55.01 62.51 113.32 105.49 106.94 106.31 102.18 Total Debt/Equity 0.60 0.69 0.66 0.63 0.65 0.79 0.87 0.95 0.99 1.10 Interest Cover 2.65 2.69 3.19 8.00 6.70 3.41 3.55 3.27 2.66 1.85

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Annual Reports:

News Update:

Hikal - Quarterly Results
7th Aug 2025, 14:15 PM

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Hikal passes ANVISA’s GMP audit for Jigani unit
17th Jun 2025, 10:30 AM

The inspection, carried out by ANVISA, Brazil GMP, was for multiple API’s which occurred from April 14 to April 18, 2025
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Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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