āagman

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

Dr Lal Pathlabs Ltd

NSE: LALPATHLAB
₹1,885.10
−₹52.90 (−2.73%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹32,455 Cr
CMP
₹1,885.10
52-wk High / Low
₹3,309 / 1,273
P/E
57.7
P/B
12.9
Book Value
₹150.0
Div Yield
0.72%
ROCE
28.0%
ROE
22.3%
Face Value
₹10
D/E
0.08

Price−39.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹319
√(22.5 × EPS × book value per share)
ROIC
17.5%
vs 11.2% sector median
Cash flow to profit
1.25
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+242
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
13.0%
ROE × earnings retention ratio
ROE stability
3.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.02FII +0.17DII +0.22
Latest quarter vs the previous one
Cash-accrual divergence
−4.3%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 18% vs the 2023 sector median of 17.5%)
+Price trades above its 200-day moving average (1.2x)
Watch-outs
−Price is 43.0% below its 52-week high
−Annualised volatility of 75.3% is in the high band (≥45%)
−Promoter holding fell by 1.8pp over the last year
−Piotroski F-Score of 3/9 is in the weak band (≤3)

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
Sales541601539545602660597603670731660703798
Expenses395424398401432458443434478506480516550
Operating Profit146178141145170202154169192224179187248
OPM %27.0%29.6%26.2%26.6%28.2%30.6%25.8%28.0%28.7%30.6%27.1%26.6%31.1%
Other Income14181818212225262825−62432
Interest8877665555766
Depreciation35363637353536363540424544
Profit before tax118152116120150183138153181204124160229
Net Profit8411182861081319815613415291132170
EPS (₹)4.956.554.875.066.377.735.789.267.908.995.407.8410.11

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
Sales6607919121,0571,2031,3301,5812,0872,0172,2272,4612,7632,891
Expenses5045826757939109871,1451,5261,5271,6171,7641,9792,053
Operating Profit156210238264294344436561490609698783838
OPM %23.6%26.5%26.1%25.0%24.4%25.9%27.6%26.9%24.3%27.3%28.4%28.3%29.0%
Other Income12202731465551524269917075
Interest001111516303829222324
Depreciation28282833387377108150144142162172
Profit before tax140201237261301310394475344505625669717
Net Profit96133156172200228296350241362492510546
EPS (₹)8.757.999.3110.2411.9513.5517.4920.6914.3321.4229.1430.1332.34

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital5583838383838383838384168—
Reserves2604255127058629491,1621,4181,5831,7662,0892,341—
Borrowings2700000150533420247157199—
Other Liabilities13411895128145341265309297357383433—
Total Liabilities4756256909161,0911,3741,6612,3432,3832,4542,7133,140—
Fixed Assets1501661522082094134471,3691,3051,2281,1681,256—
CWIP14181031110155637—
Investments38641061451851645965150114327423—
Other Assets2863914145546947861,1448939231,1071,2151,454—
Total Assets4756256909161,0911,3741,6612,3432,3832,4542,7133,140—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity122159171197219284398447456535569636
Cash from Investing Activity−113−163−137−172−100−26−212−449−287−24−303−422
Cash from Financing Activity−10−3213−55−190−139136−283−414−334−264
Net Cash Flow8−5237646748134−11497−68−50

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %48.047.043.038.035.032.033.029.018.025.029.028.0
ROE %———————————22.3
EPS (₹)8.757.999.3110.2411.9513.5517.4920.6914.3321.4229.1430.13
Book Value (₹)———————————150.0
Face Value (₹)———————————10
P/E———————————57.7
Div Yield %———————————0.72
NPM %14.316.416.615.816.016.518.116.411.715.819.318.0
OPM %24.026.026.025.024.026.028.027.024.027.028.028.0
D/E0.090.000.000.000.000.000.120.360.250.130.070.08
P/B———————————12.9

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+13.0%
5 years+12.0%
3 years+11.0%
TTM+14.0%
Compounded profit growth
10 years+15.0%
5 years+12.0%
3 years+30.0%
TTM+10.0%
Stock price CAGR
10 years+14.0%
5 years+1.0%
3 years+15.0%
Last year+25.0%
Return on equity
10 years22.0%
5 years21.0%
3 years22.0%
Last year22.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.22%58.22%57.42%56.91%56.77%55.23%55.23%55.03%54.60%53.91%53.21%53.19%
FIIs10.00%10.00%13.28%17.75%20.01%26.01%23.44%24.89%26.15%23.90%17.18%17.35%
DIIs6.42%6.42%11.68%8.42%9.94%7.52%6.83%6.56%9.40%15.79%21.37%21.59%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.29%0.29%0.01%0.01%
Public23.49%23.49%16.35%15.72%12.23%10.37%13.80%13.01%9.24%5.84%7.88%7.48%
No. of shareholders36,92836,92846,44439,61460,45868,8451,71,8461,80,1631,46,7411,15,6991,14,5271,11,037
Change since Jun 2023 (pp)
Promoters −5.03FIIs +7.35DIIs +15.17Public −16.01

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Intimation Under Regulation 30Announcement under Regulation 30 (LODR)-Updates on AcquisitionAnnouncement under Regulation 30 (LODR)-Updates on AcquisitionClosure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPT

Corporate actions

As of 30 Jul 2026
30 Jul 2026DIVIDENDInterim Dividend - Rs 5 Per Share—
25 Jun 2026DIVIDENDDividend - Rs 4 Per Share—
5 Feb 2026DIVIDENDInterim Dividend - Rs 3.50 Per Share—
19 Dec 2025BONUSBonus 1:1—
7 Nov 2025DIVIDENDInterim Dividend - Rs 7 Per Share—
6 Aug 2025DIVIDENDInterim Dividend - Rs 6 Per Share—
6 Jun 2025DIVIDENDDividend - Rs 6 Per Share—
5 Feb 2025DIVIDENDInterim Dividend - Rs 6 Per Share—
5 Nov 2024DIVIDENDInterim Dividend - Rs 6 Per Share—
20 Aug 2024DIVIDENDInterim Dividend - Rs 6 Per Share—
10 Jun 2024DIVIDENDDividend - Rs 6 Per Share—
13 Feb 2024DIVIDENDInterim Dividend - Rs 12 Per Share—
11 Aug 2023DIVIDENDInterim Dividend - Rs 6 Per Share—
5 Aug 2022DIVIDENDInterim Dividend - Rs 6 Per Share—
22 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Rs 6 Per Share—
18 Aug 2021DIVIDEND Interim Dividend - Rs 6 Per Share—
20 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 8 Per Share—
9 Feb 2021DIVIDEND Interim Dividend - Rs 6.00 Per Share—
18 Nov 2020DIVIDEND Interim Dividend - Rs 6 Per Share—
5 Mar 2020DIVIDEND Interim Dividend - Rs 6 Per Share—
20 Nov 2019DIVIDEND Interim Dividend - Rs 6 Per Share—
2 Aug 2019DIVIDEND Annual General Meeting/ Dividend - Rs 3.5 Per Share—
19 Nov 2018DIVIDEND Interim Dividend - Rs 2.50 Per Share—
3 Aug 2018DIVIDEND Annual General Meeting / Dividend- Rs 3 Per Share—
20 Nov 2017DIVIDEND Interim Dividend Rs 1.50 Per Share—
12 Jul 2017DIVIDEND Annual General Meetin/Dividend - Rs 1.70 Per Share—
13 Feb 2017DIVIDEND Interim Dividend Rs 1.30 Per Share—
20 Jul 2016DIVIDEND Annual Genral Meeting/Dividend Rs 2.45 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman