1. India Stocks

  2. •

    Health technology

  3. •

    Pharmaceuticals: major
Lincoln Pharmaceuticals Ltd

Lincoln Pharmaceuticals Ltd

510.85
INR
-3.70
(-0.72%)
48.16EPS
12.95P/E
12.49BMarket 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
129.05
163.13
245.33
196.66
177.5
178.43
188.42
207.07
233.75
252.1
285.19
307.17
330.65
346.66
Basic EPS, GAAP
6.53
9.2
14.52
15.79
17.31
24.36
25.72
31.08
34.63
36.4
46.58
41.11
43.88
48.16
Free Cash Flow per Basic Share
0.44
12.64
6.79
4.17
8.37
18.95
33.86
30.21
15.28
12.47
11.78
36.83
40.1
- -
Dividend per Share
0.7
0.7
1.21
1.1
1.44
1.81
3.62
- -
1.5
1.5
1.5
1.8
1.8
- -
Book Value per Share
60.58
68.24
88.07
96.19
112.11
156.54
156.54
182.99
216.12
250.86
295.98
335.34
378.25
- -
Tangible Book Value per Share
57.73
65.01
82.26
91.39
107.33
151.75
151.75
182.79
215.93
250.72
295.82
335.12
377.79
- -
Basic Weighted Avg Shares
16
16
16
18
20
20
20
20
20
20
20
20
20
20
Sales/Revenue/Turnover
2,105
2,661
4,002
3,503
3,550
3,569
3,768
4,147
4,682
5,050
5,712
6,152
6,623
6,942
Operating Margin (%)
8.55
8.47
9.84
12.13
13.41
17.24
16.15
19.24
18.88
15.98
15.69
14.55
12.95
12.45
Depreciation Expense
35
46
49
55
61
67
73
76
81
92
106
129
145
149
Net Income, GAAP
107
150
237
281
346
487
514
623
694
729
933
823
879
965
Effective Tax Rate (%)
15.63
24.21
28.02
24.64
25.08
21.63
23.45
25.65
27.71
27.45
23.67
24.58
23.98
24.52
Profit Margin (%)
5.06
5.64
5.92
8.03
9.75
13.65
13.65
15.01
14.81
14.44
16.33
13.38
13.27
13.89
Working Capital
180
667
429
902
1,134
1,824
1,824
2,329
2,624
2,951
3,455
3,937
4,720
- -
LT Debt
192
255
194
124
69
8
8
1
- -
- -
- -
- -
- -
- -
Total Equity
1,025
1,142
1,439
1,927
2,245
3,135
3,135
3,664
4,329
5,025
5,928
6,717
7,576
- -
Return on Invested Capital (%)
9.04
9.47
12.66
13.04
12.77
15.68
14.13
17.18
15.57
12.33
12.43
10.63
9.11
- -
Return on Capital (%)
9.69
11.58
14.03
13.52
13.99
16.92
16.5
18.42
17.46
15.77
17.12
13.13
12.31
- -
Return on Common Equity (%)
11.33
14.29
18.58
16.74
16.62
18.13
16.43
18.33
17.36
15.59
17.04
13.02
12.3
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
44
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
9,693
11,316
12,489

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
5,831
- -
Cash, Cash Equivalents & STI
- -
2,407
- -
Accounts Receivable, Net
- -
1,614
- -
Inventories
- -
801
- -
Total Current Liabilities
- -
1,110
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
44
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
15.66%
12.8%
Free Cash Flow
43.51%
29.62%
8.88%
Net Income, GAAP
14.87%
7.9%
6.74%
Sales/Revenue/Turnover
5.43%
9.84%
7.65%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,473
1,612
1,466
1,682
6,152
2026
1,541
1,634
1,663
1,873
6,623
2027
1,773
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
11.82
13.15
10.37
5.78
41.11
2026
13.82
9.98
14.28
5.81
43.88
2027
18.09
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1.8
2026
- -
- -
- -
- -
1.8
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Mahendrabhai Gulabda Patel
Full Time Employees
1,352
Sector
Health technology
Industry
Pharmaceuticals: major
Address
Lincoln House Ahmedabad GU India 380060
IPO Date
Feb 8, 1996
Website
lincolnpharma.com
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Business
Lincoln Pharmaceuticals Limited (LINCOLN.NS), headquartered in Ahmedabad, Gujarat, India, manufactures, markets, and distributes a broad portfolio of pharmaceutical formulations. Founded in 1979 as a partnership and converted to a public limited company in 1995, the company produces tablets, capsules, dry syrups, ointments, creams, sterile ophthalmic ointments, small volume parenteral injectables including dry powder injections, liquid vials, ampoules, eye/ear drops, and oral liquids across therapeutic categories such as anticold, antibiotics, otolaryngology, pain management, gastro-intestinal, anti-malarial, anti-fungal, corticosteroids, cosmo-derma, anti-diabetic, anti-hypertensive, gynecology, cardio and CNS, respiratory, and dyslipidemic agents; it offers both branded generics and specific brands like LENOCARB antacid suspension, PA12 long-acting paracetamol tablets, TRIXON cefixime products, ARH anti-malarial kits, VIVIAN diclofenac gel, and ISL Granules ayurvedic granules. Lincoln operates manufacturing facilities in Khatraj, Naroda, and Mehsana in Gujarat compliant with WHO-cGMP and ISO 9001:2015 standards, with in-house R&D and testing labs; it serves the domestic Indian market and exports to approximately 60 countries across Europe, Canada, Latin and North America, Africa, Asia Pacific, and South East Asia. Recent developments include the 2021-22 amalgamation of its subsidiary Lincoln Parenteral Limited to streamline operations, the 2022 acquisition of a Mehsana plant for cephalosporin production with commercial commencement in fiscal 2025, receipt of EU GMP approval and Australian TGA nod for select products, and launches of new offerings such as Vitamin C+ zinc tablets alongside ongoing expansion into US and UK markets.