Morepen Labs.

NSE: MOREPENLAB · Pharmaceuticals

52W Range₹33 ₹65

Snapshot

Unlock Morepen Labs.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Morepen Laboratories is a pharmaceutical company that manufactures active pharmaceutical ingredients (APIs), branded formulations, and a diverse range of home health diagnostic devices. The company operates across both domestic and international markets, offering products ranging from life-saving drugs to over-the-counter wellness solutions.

Business Model

The company generates revenue through the sale of APIs to global pharmaceutical manufacturers, the distribution of branded formulations, and the retail of medical devices under the Dr. Morepen brand. It further leverages contract manufacturing and brand-sharing partnerships to diversify its income streams.

  • Export reach:75 countries
  • Incorporation year:1984

Growth Outlook

Growth is driven by the expansion of the point-of-care medical device portfolio and the strengthening of its API manufacturing capabilities. The company continues to focus on its Dr. Morepen brand to capture increasing demand in the Indian over-the-counter healthcare market.

Key Risks

  • Regulatory Compliance. The company faces stringent quality control and manufacturing standards from global health authorities, where non-compliance could lead to export bans.
  • Market Competition. Intense competition in the generic drug and medical device sectors may exert pressure on profit margins.
  • Currency Volatility. As a significant exporter to 75 countries, the company is exposed to fluctuations in foreign exchange rates that can impact profitability.
  • Supply Chain Disruptions. Dependence on raw material imports for API manufacturing makes the company vulnerable to global supply chain bottlenecks.

Price

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Key Metrics

REVENUE

₹1,806 Cr

TTM · consolidated

-0.3%YoY

NET PROFIT

₹95 Cr

TTM · consolidated

-19.6%YoY

EPS

₹1.73

TTM · consolidated

-21.4%YoY

RETURN ON EQUITY

8.0%

TTM · consolidated

-4.8 ppYoY

RETURN ON CAPITAL EMPLOYED

10.3%

TTM · consolidated

-6.2 ppYoY

P/E

35.2x

Q4 FY26 · consolidated

35.2 vs 39.4x5Y avg

EV/EBITDA

23.8x

Q4 FY26 · consolidated

23.8 vs 25.3x5Y avg

EBITDA MARGIN

8.1%

TTM · consolidated

-2.5 ppYoY

NET PROFIT MARGIN

3.2%

Q4 FY26 · consolidated

-1.2 ppYoY

DEBT TO EQUITY

0.2x

Q4 FY26 · consolidated

+0.09xYoY

Peers · Pharmaceuticals

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Morepen Labs.MOREPENLAB
2,01135.1623.79-0.3%8.1%8.0%10.3%-3.9%
Bliss GVS PharmaBLISSGVS
2,19341.2922.4114.5%25.6%12.4%17.4%+219.3%
Unichem Laboratories LimitedUNICHEMLAB
2,11116.8418.178.5%11.1%10.0%12.2%-6.3%
Panacea BiotecPANACEABIO
2,027-640.85279.4614.4%1.9%-0.9%-0.1%+30.3%
HikalHIKAL
1,988-207.4315.31-7.9%13.6%-3.9%-0.9%-32.4%
Solara ActiveSOLARA
1,953-344.0817.886.6%14.1%-0.7%6.6%-16.5%

As of Q4 FY26

Financials