Divi's Laboratories (DIVISLAB)₹11,566+4.22%Pharmaceuticals
In the Jun 2026 quarter (consolidated), Divi's Laboratories reported sales of ₹3,069 Cr, up 27.8% from Jun 2025, and net profit of ₹900 Cr, up 65.4% year on year. For the year to Mar 2026, sales were ₹10,535 Cr and net profit ₹2,565 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,904 | 1,849 | 2,295 | 2,110 | 2,329 | 2,312 | 2,575 | 2,401 | 2,706 | 2,598 | 2,824 | 3,069 |
| Expenses | 1,426 | 1,361 | 1,566 | 1,491 | 1,616 | 1,571 | 1,694 | 1,676 | 1,821 | 1,709 | 1,889 | 1,819 |
| Operating Profit | 481 | 491 | 733 | 624 | 718 | 746 | 888 | 731 | 891 | 893 | 937 | 1,260 |
| OPM % | 24.9% | 25.9% | 32.0% | 29.0% | 31.0% | 32.0% | 34.0% | 30.0% | 33.0% | 33.9% | 33.0% | 41.0% |
| Other Income | 86.21 | 95.24 | 79.18 | 79.22 | 106 | 82.13 | 86.16 | 119 | 145 | 14.03 | 155 | 64.11 |
| Interest | 1.01 | 0.00 | 1.99 | 0.00 | 1.01 | 0.00 | 0.99 | 3.01 | 7.99 | 6.01 | 5.99 | 6.01 |
| Depreciation | 94.92 | 94.88 | 94.94 | 96.90 | 98.96 | 98.89 | 107 | 112 | 113 | 118 | 120 | 133 |
| Profit before tax | 469 | 489 | 713 | 604 | 722 | 726 | 865 | 734 | 913 | 781 | 964 | 1,180 |
| Tax % | 26.1% | 27.0% | 25.0% | 29.0% | 29.1% | 19.0% | 23.1% | 26.0% | 24.1% | 25.0% | 22.0% | 24.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −54.19 | 0.00 | 0.00 |
| Net Profit | 347 | 358 | 537 | 429 | 509 | 588 | 661 | 544 | 688 | 582 | 750 | 900 |
| EPS (Rs) | 13.14 | 13.53 | 20.32 | 16.24 | 19.25 | 22.25 | 25.02 | 20.57 | 26.01 | 22.03 | 28.38 | 34.06 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,764 | 4,050 | 3,878 | 4,927 | 5,378 | 6,949 | 8,937 | 7,743 | 7,819 | 9,325 | 10,535 | 11,197 |
| Expenses | 2,345 | 2,604 | 2,613 | 3,062 | 3,553 | 4,091 | 5,053 | 5,380 | 5,612 | 6,368 | 7,088 | 7,239 |
| Operating Profit | 1,427 | 1,454 | 1,274 | 1,880 | 1,831 | 2,877 | 3,894 | 2,376 | 2,217 | 2,981 | 3,451 | 3,980 |
| OPM % | 38.0% | 36.0% | 32.9% | 37.9% | 34.0% | 41.0% | 43.0% | 30.9% | 28.0% | 32.0% | 33.0% | 35.6% |
| Other Income | 93.20 | 72.16 | 107 | 154 | 186 | 57.13 | 112 | 345 | 336 | 349 | 434 | 379 |
| Interest | 4.99 | 3.01 | 2.01 | 4.99 | 7.01 | 2.01 | 1.99 | 2.01 | 3.99 | 2.99 | 23.99 | 26.00 |
| Depreciation | 118 | 123 | 142 | 169 | 186 | 256 | 312 | 343 | 378 | 401 | 462 | 484 |
| Profit before tax | 1,392 | 1,395 | 1,232 | 1,855 | 1,820 | 2,665 | 3,686 | 2,371 | 2,163 | 2,918 | 3,391 | 3,837 |
| Tax % | 19.0% | 24.1% | 29.0% | 27.0% | 24.1% | 26.1% | 20.1% | 23.1% | 26.0% | 25.1% | 24.0% | — |
| Exceptional items | −3.01 | −1.01 | −4.01 | 0.00 | 41.19 | −2.01 | −2.01 | −1.01 | −3.01 | 0.00 | −55.19 | −54.19 |
| Net Profit | 1,124 | 1,058 | 876 | 1,350 | 1,374 | 1,981 | 2,956 | 1,821 | 1,596 | 2,186 | 2,565 | 2,920 |
| EPS (Rs) | 42.55 | 40.04 | 33.12 | 51.10 | 52.00 | 74.94 | 111.78 | 68.89 | 60.43 | 82.79 | 97.04 | 110.48 |
| Dividend payout % | 24.0% | 25.0% | 30.0% | 31.0% | 31.1% | 27.0% | 27.0% | 44.1% | 50.0% | 36.0% | 31.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 27.09 | 53.17 | 53.17 | 53.21 | 53.22 | 53.19 | 53.20 | 53.23 | 53.17 | 53.23 | 53.19 | 53.24 |
| Reserves | 3,469 | 4,246 | 5,306 | 5,873 | 6,908 | 7,266 | 9,246 | 11,686 | 12,716 | 13,539 | 14,927 | 16,716 |
| Borrowings | 26.95 | 41.90 | 35.91 | 62.86 | 106 | 38.90 | 4.99 | 3.99 | 2.99 | 2.99 | 3.99 | 6.98 |
| Other Liabilities | 886 | 559 | 763 | 800 | 972 | 1,180 | 1,478 | 1,636 | 1,661 | 1,877 | 1,939 | 3,250 |
| Total Liabilities | 4,408 | 4,901 | 6,158 | 6,789 | 8,039 | 8,536 | 10,782 | 13,380 | 14,435 | 15,472 | 16,923 | 20,026 |
| Fixed Assets | 1,309 | 1,439 | 1,557 | 1,994 | 2,088 | 2,779 | 3,704 | 4,325 | 4,718 | 4,733 | 5,435 | 6,523 |
| CWIP | 218 | 265 | 445 | 120 | 493 | 922 | 712 | 470 | 212 | 779 | 1,023 | 2,115 |
| Investments | 732 | 803 | 1,629 | 1,889 | 1,945 | 970 | 0.00 | 71.98 | 76.94 | 82.01 | 64.95 | 68.96 |
| Other Assets | 2,149 | 2,395 | 2,526 | 2,786 | 3,515 | 3,865 | 6,366 | 8,512 | 9,427 | 9,878 | 10,400 | 11,319 |
| Inventories | 1,162 | 1,207 | 1,319 | 1,350 | 1,771 | 1,861 | 2,142 | 2,826 | 2,996 | 3,182 | 3,230 | 3,951 |
| Trade receivables | 744 | 884 | 904 | 1,017 | 1,167 | 1,418 | 1,681 | 2,431 | 1,799 | 2,161 | 2,739 | 2,993 |
| Cash & equivalents | 65.09 | 73.08 | 79.14 | 112 | 115 | 123 | 2,159 | 2,823 | 4,217 | 3,985 | 3,717 | 3,418 |
| Total Assets | 4,408 | 4,901 | 6,158 | 6,789 | 8,039 | 8,536 | 10,782 | 13,380 | 14,435 | 15,472 | 16,923 | 20,026 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 823 | 1,034 | 1,147 | 774 | 951 | 1,212 | 1,941 | 1,904 | 2,452 | 1,257 | 1,646 | 2,728 |
| Cash from investing activity | −521 | −406 | −1,140 | −478 | −684 | −83.01 | 74.99 | −2,196 | −2,706 | −269 | −804 | −2,218 |
| Cash from financing activity | −302 | −629 | 1.99 | −313 | −245 | −1,088 | −34.85 | −530 | −794 | −796 | −796 | −801 |
| Net cash flow | 3.01 | 0.00 | 13.04 | −17.05 | 23.06 | 41.12 | 1,993 | −818 | −1,049 | 194 | 50.15 | −286 |
| Capex | 308 | 396 | 377 | 274 | 734 | 1,184 | 911 | 714 | 474 | 1,003 | 1,440 | 2,522 |
| Free cash flow | 518 | 640 | 772 | 500 | 220 | 32.88 | 1,034 | 1,196 | 1,980 | 257 | 214 | 220 |
| CFO / OP % | 87.9% | 90.9% | 99.9% | 81.9% | 76.9% | 91.0% | 89.9% | 65.9% | 123.9% | 73.9% | 83.0% | 105.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 87 | 85 | 81 | 95 | 86 | 96 | 88 | 99 | 84 | 100 | 106 | 103 |
| Inventory days | 351 | 294 | 308 | 315 | 348 | 317 | 330 | 342 | 353 | 365 | 312 | 347 |
| Days payable | 69 | 57 | 105 | 97 | 97 | 101 | 118 | 97 | 90 | 95 | 89 | 107 |
| Cash conversion cycle | 367 | 321 | 283 | 312 | 335 | 311 | 299 | 343 | 346 | 369 | 329 | 342 |
| Working capital days | 140 | 158 | 147 | 176 | 169 | 180 | 152 | 177 | 188 | 206 | 192 | 195 |
| ROCE % | 33.1% | 36.0% | 29.1% | 22.1% | 29.0% | 25.1% | 32.0% | 35.1% | 19.1% | 16.1% | 20.1% | 22.1% |
For the Jun 2026 quarter, Divi's Laboratories reported sales of ₹3,069 Cr, up 27.8% year on year and net profit of ₹900 Cr, up 65.4% year on year. The operating margin was 41.0%.
Divi's Laboratories' sales for the year to Mar 2026 were ₹10,535 Cr; over the last twelve months they were ₹11,197 Cr.
Net profit for the year to Mar 2026 was ₹2,565 Cr, and ₹2,920 Cr over the last twelve months. Earnings per share over the same trailing period were ₹110.48.
Divi's Laboratories reported borrowings of ₹6.98 Cr at Mar 2026, against cash and equivalents of ₹3,418 Cr.
Cash from operations was ₹2,728 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹220 Cr.