Morepen Laboratories Limited

NSE: MOREPENLAB · Pharmaceuticals

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52W Range₹33 – ₹151

Snapshot

Unlock Morepen Laboratories Limited'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.

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Key Metrics

REVENUE

₹2,286 Cr

TTM · consolidated

+30.2%YoY

NET PROFIT

₹189 Cr

TTM · consolidated

+91.2%YoY

EPS

₹3.43

TTM · consolidated

+91.6%YoY

RETURN ON EQUITY

14.6%

TTM · consolidated

+6.4 ppYoY

RETURN ON CAPITAL EMPLOYED

18.8%

TTM · consolidated

+8.1 ppYoY

P/E

31.4×

Q2 FY27 · consolidated

31.4 vs 69.4x5Y avg

EV/EBITDA

20.0x

Q2 FY27 · consolidated

20.0 vs 43.2x5Y avg

EBITDA MARGIN

13.2%

TTM · consolidated

+4.5 ppYoY

NET PROFIT MARGIN

11.9%

Q2 FY27 · consolidated

+2.0 ppYoY

DEBT TO EQUITY

0.2x

Q2 FY27 · consolidated

+0.10xYoY

Peers · Pharmaceuticals

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Morepen Laboratories LimitedMOREPENLAB
₹5,901 Cr31.4×20.0030.2%13.2%14.6%18.8%+126.3%
Bliss GVS PharmaBLISSGVS
₹6,559 Cr40.6×22.9924.9%26.4%13.7%19.1%+293.5%
FDC LimitedFDC
₹6,205 Cr19.8×12.2810.2%21.9%12.3%16.1%-17.3%
Innova Captab LimitedINNOVACAP
₹5,729 Cr37.2×22.5834.5%15.4%15.0%17.4%+20.5%
Sun Pharma Advanced Research Company LimitedSPARC
₹5,682 Cr3.6×3.802855.8%86.0%282.4%235.1%+29.5%
IOL Chemicals and Pharmaceuticals LimitedIOLCP
₹5,291 Cr26.0×14.2826.8%13.9%11.1%14.9%+94.8%

As of Q2 FY27

Financials