Hikal Ltd
Hikal Ltd (HIKAL) last reported results for the quarter ended Jun 2026, with sales of ₹403 crore and net profit of ₹-7.4 crore. The stock last traded at ₹215, a market capitalisation of ₹2,657 crore, on a P/E of 62.6. Over the past 52 weeks the stock has ranged between ₹146 and ₹261. Figures are as of 6 Oct 2026 and are not real time.
Hikal Ltd share price and key metrics
- Current price
- ₹215
- Market cap
- ₹2,657 cr
- Stock P/E
- 62.6
- Book value
- ₹97.2
- ROE
- 2.21%
- ROCE
- 3.50%
- Dividend yield
- 0.28%
- 52w high / low
- 261/146
Metrics as of 6 Oct 2026. Not real time.
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Hikal Ltd growth and returns
- 10 Years
- 6%
- 5 Years
- 0%
- 3 Years
- -5%
- TTM
- -5%
- 10 Years
- -4%
- 5 Years
- -27%
- 3 Years
- -30%
- TTM
- -33%
- 10 Years
- 4%
- 5 Years
- -17%
- 3 Years
- -9%
- 1 Year
- -15%
- 10 Years
- 10%
- 5 Years
- 7%
- 3 Years
- 5%
- Last Year
- 2%
Hikal Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹403 cr, up 5.9% from ₹380 cr a year earlier. Net profit was ₹-7.4 cr, up 67.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 453 | 448 | 552 | 380 | 319 | 494 | 519 | 403 |
| Expenses | 378 | 376 | 429 | 355 | 311 | 412 | 414 | 366 |
| Operating profit | 74.9 | 72.1 | 123 | 25.1 | 7.2 | 82.7 | 105 | 37 |
| OPM % | 16.54% | 16.10% | 22.34% | 6.60% | 2.26% | 16.73% | 20.29% | 9.19% |
| Other income | 0.4 | 3.6 | 0.5 | 1 | 1.9 | -35.2 | -40.5 | 10.7 |
| Interest | 18.8 | 18.7 | 17.9 | 17.1 | 14.9 | 15.5 | 14.6 | 14.9 |
| Depreciation | 31.7 | 33.2 | 37.7 | 39.4 | 41.2 | 41.2 | 42 | 42.7 |
| Profit before tax | 24.8 | 23.8 | 68.3 | -30.4 | -47 | -9.2 | 8.3 | -9.9 |
| Tax % | 26.21% | 27.73% | 26.50% | -26.32% | -25.74% | -35.87% | -73.49% | -25.25% |
| Net profit | 18.3 | 17.2 | 50.2 | -22.4 | -34.9 | -5.9 | 14.4 | -7.4 |
| EPS (₹) | 1.48 | 1.39 | 4.07 | -1.82 | -2.83 | -0.48 | 1.17 | -0.60 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Hikal Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,014 | 1,296 | 1,590 | 1,507 | 1,720 | 1,943 | 2,023 | 1,785 | 1,860 | 1,713 | 1,735 |
| Operating profit | 201 | 242 | 298 | 273 | 323 | 341 | 258 | 267 | 328 | 220 | 232 |
| OPM % | 20% | 19% | 19% | 18% | 19% | 18% | 13% | 15% | 18% | 13% | 13% |
| Net profit | 68 | 77 | 103 | 84 | 133 | 160 | 78 | 70 | 91 | -49 | -34 |
| EPS (₹) | 5.49 | 6.26 | 8.36 | 6.85 | 10.80 | 13.02 | 6.36 | 5.64 | 7.36 | -3.96 | -2.74 |
TTM is the trailing twelve months to the most recent quarter.
Hikal Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 16 | 16 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 589 | 653 | 732 | 792 | 909 | 1,043 | 1,109 | 1,163 | 1,238 | 1,174 |
| Borrowings | 598 | 635 | 661 | 646 | 610 | 675 | 748 | 818 | 765 | 684 |
| Other liabilities | 177 | 237 | 268 | 306 | 370 | 470 | 504 | 482 | 502 | 483 |
| Total liabilities | 1,379 | 1,542 | 1,686 | 1,768 | 1,913 | 2,213 | 2,385 | 2,487 | 2,529 | 2,365 |
| Fixed assets | 668 | 634 | 713 | 735 | 713 | 879 | 948 | 1,071 | 1,364 | 1,333 |
| CWIP | 63 | 118 | 79 | 161 | 254 | 295 | 412 | 414 | 121 | 94 |
| Investments | 4 | 3 | 1 | 1 | 1 | 11 | 5 | 5 | 10 | 10 |
| Other assets | 645 | 788 | 893 | 871 | 946 | 1,028 | 1,020 | 997 | 1,034 | 928 |
| Total assets | 1,379 | 1,542 | 1,686 | 1,768 | 1,913 | 2,213 | 2,385 | 2,487 | 2,529 | 2,365 |
As reported by the company. Total assets equal total liabilities by construction.
Hikal Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 163 | 139 | 186 | 285 | 229 | 294 | 315 | 187 | 280 | 302 |
| Cash from investing | -102 | -110 | -125 | -164 | -156 | -284 | -292 | -174 | -136 | -145 |
| Cash from financing | -63 | -25 | -55 | -101 | -97 | -6 | -8 | -27 | -144 | -160 |
| Net cash flow | -2 | 4 | 6 | 20 | -24 | 4 | 15 | -14 | 0 | -3 |
| Free cash flow | 58 | 33 | 57 | 127 | 71 | 21 | 13 | -17 | 144 | 154 |
| CFO / operating profit | 91% | 68% | 73% | 113% | 85% | 107% | 134% | 81% | 94% | 144% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Hikal Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 12% | 13% | 15% | 14% | 16% | 15% | 8% | 8% | 10% | 4% |
| Debtor days | 92 | 81 | 80 | 82 | 103 | 82 | 80 | 113 | 103 | 94 |
| Inventory days | 189 | 158 | 156 | 147 | 107 | 121 | 104 | 134 | 146 | 172 |
| Days payable | 93 | 86 | 68 | 95 | 92 | 91 | 103 | 123 | 133 | 128 |
| Cash conversion cycle | 188 | 153 | 168 | 135 | 118 | 112 | 81 | 124 | 116 | 138 |
| Working capital days | 43 | 29 | 45 | 28 | 39 | 26 | 39 | 39 | 37 | 41 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Hikal Ltd shareholding pattern
Promoters held 68.85% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.98% and DIIs 7.23%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 68.85% | 68.85% | 68.85% | 68.85% | 68.85% | 68.85% | 68.85% | 68.85% |
| FIIs | 6.78% | 6.06% | 5.70% | 5.35% | 4.23% | 2.31% | 1.44% | 0.98% |
| DIIs | 3.58% | 3.48% | 3.80% | 4.03% | 5.15% | 7.05% | 7.20% | 7.23% |
| Public | 20.79% | 21.61% | 21.65% | 21.76% | 21.75% | 21.78% | 22.51% | 22.92% |
| No. of shareholders | 71,912 | 71,801 | 68,907 | 71,391 | 73,404 | 74,117 | 74,270 | 73,527 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Hikal Ltd corporate filings
- Certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026Company Updatelow impact
- Hikal Ltd. Board approves strategic leadership changes including cessation of long-standing Chairman and appointment of new CEO for Animal Health segment, alongside conferment of 'Chairman Emeritus' title to founder Jai HiremathOthershigh impact
Cruxal's analysis: Hikal Ltd. announced significant corporate governance updates through its October 01…
Read the full analysis - Intimation of Disclosure under Regulation 30 of The Securities Exchange Board of India ( Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG RatingCompany Updatelow impact
- Intimation for Closure of Trading WindowInsider Trading / SASTlow impact
- Hikal Limited Announces Leadership Continuity and Commencement of Commercial Production at New Personal Care FacilityCompany Updatemedium impact
Cruxal's analysis: Hikal Limited has confirmed the appointment of Mr. Sameer Hiremath as Chairman and…
Read the full analysis - Voting Results Of The 38Th AGM Of The Company.AGM/EGMmedium impact
- Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportAGM/EGMmedium impact
- Hikal Limited concludes 38th AGM; shareholders approve dividend and key management appointmentsAGM/EGMlow impact
Cruxal's analysis: Hikal Limited successfully concluded its 38th Annual General Meeting on September 23…
Read the full analysis - Hikal Ltd commences commercial production at new cGMP personal care facility in PanoliCompany Updatemedium impact
Cruxal's analysis: Hikal Ltd has announced the start of commercial production at its new cGMP-compliant…
Read the full analysis - Hikal Ltd announces analyst and investor meetingCompany Updatelow impact
Cruxal's analysis: Hikal Ltd has issued an intimation regarding an upcoming analyst and investor meeting in…
Read the full analysis - Hikal Ltd announces 38th Annual General Meeting and e-voting scheduleCompany Updatelow impact
Cruxal's analysis: Hikal Ltd has published a newspaper notice regarding its 38th Annual General Meeting…
Read the full analysis - Hikal Ltd issues notice to members for access to FY 2025-26 Annual ReportCompany Updatelow impact
Cruxal's analysis: Hikal Ltd has issued a formal communication to its members pursuant to Regulation…
Read the full analysis - Hikal Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Hikal Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for…
Read the full analysis - Hikal Ltd releases Annual Report for the financial year 2025-26Otherslow impact
Cruxal's analysis: Hikal Ltd has filed its Annual Report for the financial year 2025-26 as per Regulation…
Read the full analysis - Hikal Limited Announces 38th AGM for September 23, 2026; Proposes Leadership Transition and Dividend DeclarationAGM/EGMmedium impact
Cruxal's analysis: Hikal Limited has scheduled its 38th Annual General Meeting for September 23, 2026, to…
Read the full analysis - Hikal Limited Announces Record Date of September 04, 2026, for Final Dividend of INR 0.40 per ShareCompany Updatelow impact
Cruxal's analysis: Hikal Limited has issued a formal communication regarding the tax deduction at source…
Read the full analysis - Hikal Ltd announces 38th Annual General Meeting details via newspaper publicationCompany Updatelow impact
Cruxal's analysis: Hikal Ltd has submitted the mandatory newspaper publication regarding the scheduling and…
Read the full analysis - Hikal Limited schedules 38th AGM for September 23, 2026, and sets September 4, 2026, as Record Date for Final DividendCorp. Actionlow impact
Cruxal's analysis: Hikal Limited has announced that its 38th Annual General Meeting will be conducted via…
Read the full analysis - Hikal Limited announces appointment of Mr. Sameer Hiremath as Chairman and Managing DirectorOtherslow impact
Cruxal's analysis: Hikal Limited has announced the appointment of Mr. Sameer Hiremath as the Chairman and…
Read the full analysis - Hikal Ltd issues newspaper notice regarding transfer and dematerialization of physical securitiesCompany Updatelow impact
Cruxal's analysis: Hikal Ltd has published a mandatory newspaper notice concerning the special window for…
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