WEBSITE BSE:524202 NSE: LACTOSE(I) Inc. Year: 1991 Industry: Pharmaceuticals & Drugs My Bucket: Add Stock
Last updated: 11:15
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Lactose (India) Limited is a company that was incorporated in 1991 and is a young and innovative company specializing in the manufacturing of excipients (lactose/colour coatings), lactulose, solid dosage forms, liquid dosage forms, at Vadodara, Gujarat. Lactose (India) Limited stands for perfection, quality, and constant innovation and complete dedication to its clients. It was the first to introduce pharmaceutical grade lactose in the Asian subcontinent. The company has a capacity to manufacture 10,000 MT per annum of lactose with an average c...Read More
Lactose (India) Limited is a company that was incorporated in 1991 and is a young and innovative company specializing in the manufacturing of excipients (lactose/colour coatings), lactulose, solid dosage forms, liquid dosage forms, at Vadodara, Gujarat. Lactose (India) Limited stands for perfection, quality, and constant innovation and complete dedication to its clients. It was the first to introduce pharmaceutical grade lactose in the Asian subcontinent. The company has a capacity to manufacture 10,000 MT per annum of lactose with an average capacity of 30 MT per day. Lactulose is used in the treatment of constipation, hepatitis, encephalopathy, intestinal microflora, dental care, diabetes, chronic liver disease and as an effective prebiotic. The company also manufactures dry granulated, film and lacquer coated tablets for Sanofi India and other clients, with a capacity of 30 million tablets per month. ...Read Less
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Market Cap ₹144 Cr.
Stock P/E 27.8
P/B 2.3
Current Price ₹114
Book Value ₹ 50
Face Value 10
52W High ₹136.7
Dividend Yield 0%
52W Low ₹ 76
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 24 | 33 | 29 | 29 | 30 | 29 | 28 | 40 | 41 | 37 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 |
| Total Income | 25 | 33 | 30 | 30 | 31 | 29 | 28 | 40 | 42 | 37 |
| Total Expenditure | 21 | 27 | 23 | 24 | 25 | 26 | 24 | 35 | 36 | 34 |
| Operating Profit | 4 | 6 | 6 | 6 | 5 | 4 | 4 | 5 | 6 | 4 |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 3 | 1 |
| Provision for Tax | 0 | 1 | 1 | 1 | 1 | 0 | -0 | 1 | 1 | 0 |
| Profit After Tax | 1 | 3 | 2 | 2 | 2 | 0 | 1 | 1 | 2 | 1 |
| Adjustments | -0 | -0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 3 | 2 | 2 | 2 | 0 | 1 | 1 | 2 | 1 |
| Adjusted Earnings Per Share | 0.6 | 2.1 | 1.9 | 1.8 | 1.6 | 0.2 | 0.5 | 1.2 | 1.7 | 0.4 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 24 | 34 | 36 | 31 | 41 | 40 | 35 | 46 | 66 | 114 | 116 | 146 |
| Other Income | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 1 |
| Total Income | 24 | 36 | 37 | 32 | 41 | 40 | 35 | 47 | 67 | 115 | 118 | 147 |
| Total Expenditure | 19 | 24 | 24 | 25 | 31 | 31 | 29 | 34 | 54 | 95 | 100 | 129 |
| Operating Profit | 5 | 12 | 12 | 6 | 10 | 10 | 7 | 13 | 12 | 20 | 18 | 19 |
| Interest | 3 | 4 | 4 | 5 | 5 | 6 | 5 | 5 | 6 | 5 | 6 | 5 |
| Depreciation | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 4 | 4 | -3 | 1 | 0 | -3 | 3 | 1 | 10 | 7 | 7 |
| Provision for Tax | 0 | 1 | 2 | -1 | 0 | 0 | -1 | 1 | 0 | 3 | 2 | 2 |
| Profit After Tax | 0 | 3 | 3 | -1 | 1 | 0 | -2 | 2 | 1 | 7 | 5 | 5 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 3 | 3 | -1 | 1 | 0 | -2 | 2 | 1 | 7 | 5 | 5 |
| Adjusted Earnings Per Share | 0.6 | 3.2 | 2.9 | -1.3 | 0.7 | 0.1 | -2.2 | 1.9 | 1 | 5.4 | 4.1 | 3.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 2% | 36% | 24% | 17% |
| Operating Profit CAGR | -10% | 11% | 12% | 14% |
| PAT CAGR | -29% | 36% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -2% | 37% | 30% | 4% |
| ROE Average | 10% | 10% | 6% | 5% |
| ROCE Average | 13% | 13% | 11% | 10% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 16 | 20 | 27 | 32 | 34 | 34 | 35 | 39 | 41 | 47 | 59 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 29 | 23 | 20 | 34 | 32 | 34 | 39 | 34 | 33 | 24 | 26 |
| Other Non-Current Liabilities | 15 | 14 | 11 | 4 | 4 | 4 | 2 | 2 | 2 | 4 | 4 |
| Total Current Liabilities | 20 | 26 | 27 | 13 | 12 | 11 | 12 | 15 | 26 | 25 | 45 |
| Total Liabilities | 80 | 83 | 85 | 83 | 82 | 84 | 88 | 90 | 101 | 101 | 133 |
| Fixed Assets | 62 | 61 | 62 | 62 | 60 | 62 | 59 | 59 | 56 | 55 | 52 |
| Other Non-Current Assets | 5 | 5 | 5 | 4 | 4 | 2 | 9 | 8 | 8 | 11 | 24 |
| Total Current Assets | 13 | 17 | 17 | 17 | 18 | 20 | 20 | 23 | 37 | 35 | 57 |
| Total Assets | 80 | 83 | 85 | 83 | 82 | 84 | 88 | 90 | 101 | 101 | 133 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 0 | 0 | 0 | 3 | 1 | 2 | 2 | 2 | 1 | 2 |
| Cash Flow from Operating Activities | 13 | 1 | 8 | 0 | 5 | 7 | 2 | 8 | 8 | 9 | -0 |
| Cash Flow from Investing Activities | -23 | 3 | -5 | -2 | -2 | -3 | -6 | -1 | -1 | -2 | -16 |
| Cash Flow from Financing Activities | 10 | -5 | -3 | 4 | -5 | -4 | 5 | -8 | -8 | -6 | 19 |
| Net Cash Inflow / Outflow | -1 | -0 | -0 | 3 | -2 | 1 | 1 | -0 | -1 | 1 | 3 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 3 | 1 | 2 | 2 | 2 | 1 | 2 | 4 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.59 | 3.17 | 2.88 | -1.32 | 0.71 | 0.07 | -2.17 | 1.95 | 0.96 | 5.39 | 4.1 |
| CEPS(Rs) | 2.9 | 6.95 | 6.4 | 2.25 | 4.24 | 3.9 | 1.64 | 5.57 | 4.68 | 9.54 | 8.38 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 18.87 | 22.45 | 27.63 | 31.05 | 33.61 | 33.65 | 30.15 | 31.21 | 32.22 | 37.41 | 41.48 |
| Core EBITDA Margin(%) | 21.47 | 29.62 | 31.79 | 18.04 | 23.66 | 23.14 | 17.8 | 26.69 | 17.29 | 16.67 | 14.49 |
| EBIT Margin(%) | 14.73 | 23.64 | 24.67 | 8.63 | 15.83 | 14.12 | 6.23 | 18.03 | 11.27 | 13.1 | 11.19 |
| Pre Tax Margin(%) | 3.6 | 11.06 | 12.21 | -8.91 | 2.65 | 0.25 | -9.35 | 6.89 | 2.23 | 8.49 | 5.94 |
| PAT Margin (%) | 2.09 | 7.98 | 7.78 | -4.27 | 1.77 | 0.18 | -7.09 | 5.34 | 1.84 | 5.96 | 4.44 |
| Cash Profit Margin (%) | 10.24 | 17.5 | 17.29 | 7.27 | 10.65 | 9.93 | 5.38 | 15.26 | 8.96 | 10.54 | 9.07 |
| ROA(%) | 0.71 | 3.44 | 3.3 | -1.59 | 0.88 | 0.09 | -2.88 | 2.75 | 1.26 | 6.72 | 4.41 |
| ROE(%) | 3.25 | 15.69 | 11.95 | -4.59 | 2.2 | 0.21 | -7.21 | 6.65 | 3.03 | 15.49 | 10.4 |
| ROCE(%) | 7.55 | 14.75 | 14.78 | 4.08 | 9.13 | 7.84 | 2.81 | 10.21 | 9.27 | 18.18 | 13.01 |
| Receivable days | 99.48 | 75.05 | 91.6 | 83.85 | 55.08 | 63.14 | 70 | 70.62 | 66.13 | 44.69 | 58.07 |
| Inventory Days | 29.45 | 42.76 | 64.64 | 79.8 | 68.5 | 77.56 | 89.94 | 61.34 | 82.93 | 63.41 | 64.83 |
| Payable days | 396.97 | 288.96 | 487.58 | 428.17 | 305.66 | 288.89 | 253.97 | 165.11 | 172.65 | 95.77 | 67.48 |
| PER(x) | 43.4 | 23.34 | 36.54 | 0 | 48.39 | 237.62 | 0 | 30.79 | 45.81 | 25.87 | 21.63 |
| Price/Book(x) | 1.36 | 3.3 | 3.8 | 3.27 | 1.02 | 0.5 | 0.89 | 1.92 | 1.37 | 3.73 | 2.14 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 2.54 | 2.97 | 3.82 | 4.42 | 1.74 | 1.36 | 2.12 | 2.51 | 1.41 | 1.86 | 1.4 |
| EV/Core EBITDA(x) | 11.03 | 8.79 | 11.13 | 21.88 | 7.03 | 5.69 | 11.33 | 8.97 | 7.67 | 10.52 | 8.85 |
| Net Sales Growth(%) | 6.52 | 45.41 | 3.49 | -12.77 | 30.56 | -1.38 | -12.7 | 31.39 | 43.23 | 73.09 | 2.2 |
| EBIT Growth(%) | 210.13 | 136.2 | 6.4 | -69.57 | 139.19 | -12 | -61.5 | 280.34 | -10.5 | 101.24 | -12.71 |
| PAT Growth(%) | 1806.5 | 461.01 | -0.65 | -147.74 | 154.18 | -90 | -3540.97 | 198.94 | -50.7 | 461.77 | -23.95 |
| EPS Growth(%) | 1708.99 | 434.36 | -9.28 | -146.03 | 153.38 | -90 | -3163.95 | 189.89 | -50.7 | 461.75 | -23.95 |
| Debt/Equity(x) | 2.45 | 1.88 | 1.31 | 1.22 | 1.07 | 1.14 | 1.34 | 1.06 | 0.95 | 0.81 | 1.08 |
| Current Ratio(x) | 0.63 | 0.66 | 0.64 | 1.34 | 1.46 | 1.74 | 1.69 | 1.53 | 1.41 | 1.4 | 1.28 |
| Quick Ratio(x) | 0.53 | 0.42 | 0.4 | 0.78 | 0.79 | 0.96 | 0.98 | 1.05 | 0.55 | 0.73 | 0.73 |
| Interest Cover(x) | 1.32 | 1.88 | 1.98 | 0.49 | 1.2 | 1.02 | 0.4 | 1.62 | 1.25 | 2.84 | 2.13 |
| Total Debt/Mcap(x) | 1.79 | 0.57 | 0.34 | 0.37 | 1.05 | 2.29 | 1.51 | 0.55 | 0.69 | 0.22 | 0.5 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 53.66 | 53.65 | 53.65 | 53.65 | 53.65 | 53.65 | 53.65 | 53.65 | 53.65 | 53.65 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 |
| Public | 45.72 | 45.74 | 45.74 | 45.74 | 45.74 | 45.74 | 45.74 | 45.74 | 45.74 | 45.74 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 0.58 | 0.58 | 0.58 | 0.58 | 0.58 | 0.58 | 0.58 | 0.58 | 0.58 | 0.58 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 |
* The pros and cons are machine generated.
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