āagman

Not investment advice. Data and computed figures, for information only.

Divis Laboratories Ltd

NSE: DIVISLABF&O
₹9,144.50
+₹114.50 (+1.27%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹2,47,948 Cr
CMP
₹9,144.50
52-wk High / Low
₹9,740 / 5,648
P/E
83.2
P/B
14.8
Book Value
₹631.0
Div Yield
0.32%
ROCE
22.0%
ROE
16.5%
Face Value
₹2
D/E
0.00

Price+39.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹1,172
√(22.5 × EPS × book value per share)
ROIC
13.5%
vs 11.2% sector median
Cash flow to profit
1.07
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+1,050
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
12.1%
ROE × earnings retention ratio
ROE stability
4.6
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.01FII +0.09DII −0.05
Latest quarter vs the previous one
Cash-accrual divergence
−0.9%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 83.3% since FY2016 (42 to 7)
+Price trades above its 200-day moving average (1.3x)
+Price is within 10% of its 52-week high (-6.1%)
+Annualised volatility of 23.8% is in the low band (≤25%)
+FII holding rose by 5.7pp over the last year
Watch-outs

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,7781,9091,8552,3032,1182,3382,3192,5852,4102,7152,6042,8313,080
Expenses1,2741,4301,3661,5721,4961,6221,5761,6991,6811,8271,7141,8971,825
Operating Profit5044794897316227167438867298888909341,255
OPM %28.3%25.1%26.4%31.7%29.4%30.6%32.0%34.3%30.2%32.7%34.2%33.0%40.7%
Other Income818695797910682861191451415564
Interest0102010138666
Depreciation93959595979999107112113118120133
Profit before tax4924694897136047227268647339127809631,180
Net Profit356348358538430510589662545689583751902
EPS (₹)13.4113.1113.4920.2716.2019.2122.1924.9420.5325.9521.9628.2933.98

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,1153,7764,0643,8914,9465,3946,9698,9607,7687,8459,36010,56011,230
Expenses1,9422,3542,6152,6223,0723,5684,1025,0755,3975,6356,3877,1187,263
Operating Profit1,1731,4231,4501,2691,8741,8262,8673,8852,3702,2102,9733,4423,967
OPM %37.7%37.7%35.7%32.6%37.9%33.9%41.1%43.4%30.5%28.2%31.8%32.6%35.3%
Other Income38937210715418657112344335348433378
Interest353257222432426
Depreciation136118123142169186256312343378402463484
Profit before tax1,0721,3931,3951,2311,8551,8192,6663,6842,3692,1632,9163,3883,835
Net Profit8521,1261,0608771,3531,3771,9842,9601,8231,6002,1912,5682,925
EPS (₹)32.0742.4139.9533.0450.9651.8574.75111.5268.6960.2782.5396.73110.18

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital275353535353535353535353—
Reserves3,4694,2405,3045,8726,9047,2579,24211,67512,71413,51814,91616,708—
Borrowings2742366310639543347—
Other Liabilities8835627627979731,1831,4711,6281,6541,8861,9483,251—
Total Liabilities4,4054,8986,1556,7858,0368,53110,77113,36014,42515,46016,92120,019—
Fixed Assets1,3091,4391,5591,9962,0882,7823,7044,3254,7234,7395,4426,528—
CWIP2182644441204929207114702127781,0222,113—
Investments7338031,6311,8891,94697107277826569—
Other Assets2,1452,3922,5212,7803,5113,8586,3568,4939,4139,86110,39211,309—
Total Assets4,4054,8986,1556,7858,0368,53110,77113,36014,42515,46016,92120,019—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5578261,0381,1507769541,2161,9471,9122,4601,2611,6532,738
Cash from Investing Activity−305−521−406−1,140−478−685−8375−2,195−2,708−269−804−2,219
Cash from Financing Activity−248−303−6312−314−246−1,091−35−532−797−799−799−804
Net Cash Flow33013−1723411,987−816−1,04519350−285

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %36.033.036.029.022.029.025.032.035.019.016.020.022.0
ROE %————————————16.5
EPS (₹)29.1332.0742.4139.9533.0450.9651.8574.75111.5268.6960.2782.5396.73
Book Value (₹)————————————631.0
Face Value (₹)————————————2
P/E————————————83.2
Div Yield %————————————0.32
NPM %30.527.029.125.621.926.524.728.232.622.519.622.623.4
OPM %40.038.038.036.033.038.034.041.043.031.028.032.033.0
D/E0.010.010.010.010.010.020.010.000.000.000.000.000.00
P/B————————————14.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+9.0%
3 years+11.0%
TTM+16.0%
Compounded profit growth
10 years+9.0%
5 years+6.0%
3 years+13.0%
TTM+29.0%
Stock price CAGR
10 years+22.0%
5 years+12.0%
3 years+35.0%
Last year+44.0%
Return on equity
10 years18.0%
5 years17.0%
3 years15.0%
Last year17.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters52.07%52.07%52.07%52.05%52.01%51.97%51.95%51.94%51.94%51.92%51.89%51.88%51.87%
FIIs17.22%17.22%17.22%18.41%21.21%19.08%19.87%18.45%14.67%14.68%18.01%20.29%20.38%
DIIs14.20%14.20%14.20%15.77%14.22%15.59%16.74%18.32%21.00%22.10%20.63%19.13%19.08%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.07%0.10%0.09%0.09%0.09%
Public16.51%16.51%16.51%13.77%12.56%13.35%11.45%11.28%12.31%11.19%9.39%8.61%8.58%
No. of shareholders1,22,8831,22,8831,22,88380,76777,97795,9342,08,2033,09,3974,33,6213,47,6292,67,7552,28,0062,32,256
Change since Jun 2023 (pp)
Promoters −0.20FIIs +3.16DIIs +4.88Public −7.93

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Newspaper PublicationShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026RecordingMay 2026TranscriptFeb 2026TranscriptFeb 2026RecordingNov 2025TranscriptNov 2025RecordingAug 2025Transcript

Corporate actions

As of 24 Jul 2026
24 Jul 2026DIVIDENDDividend - Rs 30 Per Share—
25 Jul 2025DIVIDENDDividend - Rs 30 Per Share—
2 Aug 2024DIVIDENDDividend - Rs 30 Per Share—
11 Aug 2023DIVIDENDDividend - Rs 30 Per Share—
11 Aug 2022DIVIDENDDividend - Rs 30 Per Share—
17 Aug 2021DIVIDEND Dividend - Rs 20 Per Share—
25 Feb 2020DIVIDEND Interim Dividend - Rs 16 Per Share—
14 Aug 2019DIVIDEND Annual General Meeting/Dividend - Rs 16 Per Share—
31 Aug 2018DIVIDEND Annual General Meeting/Dividend- Rs 10 Per Share—
15 Sep 2017DIVIDEND Annual General Meeting/Dividend - Rs 10/- Per Share—
17 Mar 2016DIVIDEND Interim Dividend - Rs 10/- Per Share (Purpose Revised)—
23 Sep 2015BONUS Bonus 1:1—
6 Aug 2015DIVIDENDAnnual General Meeting/Dividend - Rs 20/- Per Share—
31 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Rs 20/- Per Share—
25 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs 15/- Per Share—
26 Jul 2012DIVIDENDAnnual General Meeting/ Dividend Of Rs. 13 Per Share—
16 Jun 2011DIVIDENDAnnual General Meeting And Dividend Rs.10/- Per Share—
2 Jul 2010DIVIDENDAnnual General Meeting And Dividend Rs.6/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman