Dr. Lal PathLabs Limited

Dr. Lal PathLabs Limited

1,844.30
INR
+9.40
(+0.51%)
219.39BMarket Cap
Nov 04Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
33.76
61.01
48.16
56.12
64.52
73.09
80.73
95.78
126.22
121.68
133.95
147.74
165.52
- -
Basic EPS, GAAP
4.82
8.85
8.05
9.51
10.42
12.1
13.71
17.66
20.85
14.41
21.52
29.24
30.24
- -
Free Cash Flow per Basic Share
3.94
8
6.96
7.36
7.61
10.72
12.4
20.51
-1.78
24.83
28.75
30.92
27.69
- -
Dividend per Share
0.58
0.96
0.95
2.29
1.94
3.35
9.44
6.03
7.06
6.22
12.1
12.44
13.34
- -
Book Value per Share
14.01
20.64
28.22
35.85
47.27
56.72
61.96
74.69
91.11
100.45
111.12
130.31
150.21
- -
Tangible Book Value per Share
10.21
17.03
26.68
33.05
44.41
53.81
54.62
66
33.08
45.83
59.89
82.38
105.84
- -
Basic Weighted Avg Shares
165
108
164
163
164
165
165
165
165
166
166
167
167
167
Sales/Revenue/Turnover
5,579
6,596
7,913
9,124
10,569
12,034
13,304
15,812
20,874
20,166
22,265
24,612
27,628
- -
Operating Margin (%)
20.39
19.4
23.04
34.1
34.03
33.85
20.45
22.74
35.31
17.05
20.97
36.52
37.1
- -
Depreciation Expense
272
282
283
275
331
382
728
772
1,081
1,502
1,436
1,419
1,618
- -
Net Income, GAAP
796
957
1,322
1,546
1,707
1,992
2,259
2,916
3,448
2,388
3,577
4,871
5,048
- -
Effective Tax Rate (%)
32.67
30.98
33.62
34.3
34.26
33.3
26.7
24.83
26.24
29.88
28.32
21.21
23.81
- -
Profit Margin (%)
14.26
14.51
16.71
16.94
16.15
16.55
16.98
18.44
16.52
11.84
16.07
19.79
18.27
- -
Working Capital
730
1,699
2,888
3,817
5,071
6,753
6,653
8,709
3,752
5,033
6,631
9,612
11,159
- -
LT Debt
- -
- -
- -
- -
- -
- -
930
1,102
3,055
2,133
1,030
1,026
1,454
- -
Total Equity
2,333
3,434
4,695
5,980
7,916
9,510
10,540
12,760
15,435
16,995
18,854
22,065
25,413
- -
Return on Invested Capital (%)
37.96
30.63
29.84
38.58
34.34
31.49
18.88
20.98
31.45
11.59
15.94
31.63
29.9
- -
Return on Capital (%)
39.7
32.97
32.35
28.86
24.51
22.78
22.07
22.9
20.65
12.54
17.6
22.22
20.26
- -
Return on Common Equity (%)
40.45
33.42
32.73
29.11
24.68
22.98
22.84
25.6
25.05
15.05
20.35
24.22
21.57
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
536
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1,454
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
165
167
167
Market Capitalization
245,234
219,392
273,917

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
15,665
- -
Cash, Cash Equivalents & STI
- -
13,307
- -
Accounts Receivable, Net
- -
1,107
- -
Inventories
- -
439
- -
Total Current Liabilities
- -
4,506
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
536
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.6%
14.84%
15.17%
Free Cash Flow
-146.27%
-318.91%
-10.25%
Net Income, GAAP
16.36%
15.42%
3.62%
Sales/Revenue/Turnover
13.62%
12.37%
12.25%
Total Cash Common Dividend
45.42%
22.26%
7.39%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6,019
6,602
5,967
6,026
24,612
2026
6,698
- -
6,598
7,027
27,628
2027
7,977
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6.4
7.76
5.8
9.29
29.24
2026
7.94
- -
5.42
7.86
30.24
2027
10.15
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
12.44
2026
- -
- -
- -
- -
13.34
2027
- -
- -
- -
- -
- -

Company Description

CEO
Shankha Banerjee
Full Time Employees
6,200
Sector
Health services
Industry
Medical/Nursing services
Address
Tower B, SAS Tower Gurgaon HA India 122001
IPO Date
Dec 23, 2015
Business
Dr. Lal PathLabs Limited is a leading Indian provider of diagnostic and healthcare testing services. The company operates an extensive network of over 200 laboratories and more than 5,000 specimen collection centers across India, servicing a broad spectrum of pathology, radiology, cardiology, and molecular diagnostics tests. Its core product offerings include blood and urine tests, genomic profiling, myeloid testing for hematological malignancies, autoimmune disorder diagnostics, amyloid typing solutions, comprehensive health screening packages such as SwasthFit, and advanced diagnostics powered by technologies like next-generation sequencing and artificial intelligence. Founded in 1949 and headquartered in Gurugram, India, Dr. Lal PathLabs serves patients and healthcare providers both domestically and internationally. The company focuses on delivering high-quality, accessible diagnostic services across metropolitan, tier 1, and expanding tier 3 and tier 4 cities. It operates specialized divisions like Genevolve for genomics. It has partnerships with prominent technology firms such as Illumina to enhance its genomic testing capabilities, exemplified by the recent integration of Illumina’s NovaSeq X Series, advancing its precision and research offerings. In recent developments, Dr. Lal PathLabs launched India's first dedicated Complement Testing Lab in November 2025 to support autoimmune and kidney disease diagnostics. It has also entered a strategic partnership with SAMRIDH Impact Solutions to bolster healthcare innovation and support early-stage diagnostic startups. The company is actively pursuing growth through geographic expansion, particularly targeting acquisitions to strengthen its presence in South India, a region historically underpenetrated by its services. It is considering acquisitions in the INR 3,000-4,000 crore range to consolidate its market leadership. Alongside expansion, it continues to invest in digital technologies, artificial intelligence, and laboratory information systems to improve operational efficiency and patient experience. Dr. Lal PathLabs holds key industry accreditations including ISO 9001 and NABL certification. It operates in the diagnostic and healthcare sectors with a focus on clinical laboratories, pathology, radiology, cardiology, and molecular diagnostics markets. The company has strengthened its product and service portfolio with advanced test launches, including specialized amyloid typing under expert international guidance and ongoing development of bundled health packages for underserved markets. Overall, Dr. Lal PathLabs Limited is a dominant diagnostics chain in India with substantial investments in technological advancement, strategic partnerships, and market expansion initiatives, underscoring its commitment to accessible and cutting-edge diagnostic healthcare solutions.