Makers Laboratories Limited

Makers Laboratories Limited

MAKERSL.BO
Makers Laboratories LimitedIN flagBombay Stock Exchange
155.00
INR
-3.45
- -
914.56MMarket Cap
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
133.42
126.67
119.83
113.43
109.17
90.98
100.29
138.87
246.96
167.68
175.86
204.73
- -
238.96
Basic EPS, GAAP
1.16
4.59
4.5
7.22
5.97
4.78
-0.24
-0.67
9.71
-7.9
-10.62
12.7
- -
4
Free Cash Flow per Basic Share
-2.63
-1.36
2.87
-6.52
-3.68
-6.9
-8.51
- -
16.8
-35.8
-9.8
-13.6
- -
- -
Dividend per Share
- -
- -
1.15
1.15
1.15
1.12
1.15
- -
1.23
1.05
1.07
- -
- -
- -
Book Value per Share
19.1
20.51
21.84
25.7
30.5
34.4
32.86
70.9
78.48
60.61
51.28
63.91
- -
10.03
Tangible Book Value per Share
44.5
47.92
59.57
66.44
71.84
81.37
86.93
175.39
190.97
181.17
174.92
193.57
- -
206.49
Basic Weighted Avg Shares
5
5
5
5
5
5
5
5
5
6
6
6
- -
6
Sales/Revenue/Turnover
684
649
614
581
559
466
514
683
1,266
1,008
1,038
1,208
1,406
1,406
Operating Margin (%)
1.56
4.68
6.03
7.53
5.81
2.55
2.16
6.6
11.92
-0.72
-3.12
2.98
7.26
7.26
Depreciation Expense
10
15
13
11
16
15
20
46
40
42
45
48
45
45
Net Income, GAAP
6
24
23
37
31
24
-1
-3
50
-48
-63
75
24
24
Effective Tax Rate (%)
49.84
30.82
34.18
30.67
27.83
18.81
149.72
50.14
25.31
- -
- -
18.67
29.5
29.5
Profit Margin (%)
0.87
3.62
3.76
6.36
5.46
5.25
-0.24
-0.48
3.93
-4.71
-6.04
6.2
1.67
1.67
Working Capital
104
120
104
99
121
115
44
279
299
357
326
471
529
529
LT Debt
- -
- -
- -
- -
- -
60
80
77
46
61
107
34
20
20
Total Equity
229
246
306
341
368
417
446
866
981
1,097
1,043
1,152
1,225
1,225
Return on Invested Capital (%)
2.07
8.34
8.61
9.06
6.34
2.23
-1.04
2.77
10.13
- -
- -
2.4
5.77
5.77
Return on Capital (%)
6.36
22.54
22.19
29.94
21.04
12.97
-1.76
-2.02
-0.56
- -
- -
5.74
-3.51
-3.51
Return on Common Equity (%)
6.28
23.17
21.25
30.38
21.23
14.73
-0.72
-1.27
13.26
-12.39
-18.78
22.05
10.79
10.79

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
52
- -
41
LT Borrowings
15
- -
10
LT Finance Leases
12
- -
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
- -
6
Market Capitalization
758
688
795

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
770
- -
869
Cash, Cash Equivalents & STI
45
- -
126
Accounts Receivable, Net
245
- -
199
Inventories
386
- -
449
Total Current Liabilities
294
- -
340
Payables & Accruals
- -
- -
- -
ST Debt
52
- -
41
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.08%
7.39%
6.32%
Free Cash Flow
- -
-182.74%
-231.9%
Net Income, GAAP
-198%
-412.81%
-68.61%
Sales/Revenue/Turnover
11.8%
20.14%
16.43%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
250
251
265
272
1,038
2025
296
296
277
339
1,208
2026
350
342
357
358
1,406

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-3.55
-2.27
-2.61
- -
-10.62
2025
-1.67
14.94
-0.5
-0.08
12.7
2026
0.74
-0.2
1.59
1.85
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.07
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Saahil U. Parikh
Full Time Employees
121
Sector
Healthcare
Industry
Medical - Pharmaceuticals
Address
54-D, Kandivli Industrial Estate Mumbai India
IPO Date
Dec 30, 2024
Business
Makers Laboratories Limited is an Indian pharmaceutical company specializing in the manufacturing and marketing of pharmaceutical formulations and drug intermediates. Its product portfolio includes tablets, capsules, liquids, injectables, creams, and ointments, with key brands such as Duramol (Paracetamol), Artemak-AB (α-β Arteether), Loroquin (Chloroquine), Nimuwin (Nimuselide), Coffwin (cough remedies), and Exylin (Amoxycillin range). The company operates primarily in India and focuses on branded generics across a wide range of general health therapeutic segments. Founded in 1984 and headquartered in Mumbai, Maharashtra, Makers Laboratories maintains a strong supply chain with significant operations in formulation drugs and drug intermediates. In recent years, Makers Laboratories has undergone significant strategic expansion through the acquisition of a controlling stake in Resonance Specialties Limited in 2020, facilitating its entry into specialty chemicals, active pharmaceutical ingredients (API), and drug intermediates businesses that complement its generic formulations. It has also upgraded and modernized its manufacturing plants, including capacity enhancement and the launch of new ophthalmic products at the Naroda facility in Ahmedabad. The company has continued to report steady growth in sales and operational efficiency, supported by a robust distribution network across India and a strong vendor/supplier base. Makers Laboratories extends its pharmaceutical offerings through segments such as analgesics, anti-infectives, anti-malarials, anti-inflammatory drugs, and respiratory care. Its manufacturing facilities cover solid dosage forms, liquid formulations, injectables, and dermatological products. The company also offers supplementary products like nutritional malt preparations. Recent operational improvements include enhancements in the liquid injectable manufacturing unit and introduction of new product lines aimed at broadening the therapeutic coverage and market presence. Overall, Makers Laboratories Limited is positioned as a comprehensive pharmaceutical manufacturer with diversified product categories spanning branded generics, APIs, and specialty chemicals, supported by recent acquisitions and facility upgrades that underline its strategic intent to strengthen its footprint in the Indian pharmaceutical industry and related chemical sectors.