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Haleos Labs Limited (HALEOSLABS) Fair Value & Analysis

Healthcare · IN · Market cap ₹4.9B

HL Haleos Labs Limited HALEOSLABS · NSE
Price₹1,484
Fair Value₹969.22
Upside-34.7%
Quality42/100
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Expensive Growth
Thin margins · 5.2% net margin
Low debt · negative free cash flow
0.09% dividend yield
Mixed vs. peers (7/13)
Narrow moat 29/100
Evidence: Medium Range ₹678.46 – ₹1,260 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from ₹885.03 to ₹969.22 (+9.5%) since Aug 6, 2026. Share price −8.6% over the past month.

Below-average quality, and screening another 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹1,260). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (₹678.46 to ₹1,260) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹1,746 ₹484.70 Fair Value ₹969.22 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹484.70 – ₹1,746 · fair‑value band ₹678.46 – ₹1,260 · the ₹1,484 price screens above the ₹969.22 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Haleos Labs Limited (HALEOSLABS) currently trades at ₹1,484, while our model-based Fair Value estimate is ₹969.22, implying the stock looks roughly 34.7% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Haleos Labs Limited generated revenue of ₹3.3B at a net margin of 5.2%. Revenue declined 15.7% year over year. It earns a return on equity of 8.1%. Net debt stands at ₹1.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹678.46 (bear case) to ₹1,260 (bull case); at ₹1,484, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -47% fair-value upside, at -35%, HALEOSLABS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹577.21 ₹614.22 ₹689.26 76
ROIC Compounder ₹498.47 ₹602.03 ₹691.38 72
Gordon GGM ₹13.17 ₹18.11 ₹22.99 70
All 14 models by family
Earnings-Based
Graham-Dodd ₹389.38 ₹756.98 ₹946.46 54
EPV ₹498.47 ₹602.03 ₹691.38 59
Dividend Discount
Gordon GGM ₹13.17 ₹18.11 ₹22.99 70
DDM Multi-Stage ₹13.17 ₹18.10 ₹23.64 61
Multiples
P/E Multiple ₹944.83 ₹1,260 ₹1,575 63
P/S Multiple ₹730.09 ₹973.46 ₹1,217 58
P/B Multiple ₹730.09 ₹973.46 ₹1,217 55
EV/EBIT ₹1,074 ₹1,485 ₹1,896 53
EV/EBITDA ₹1,394 ₹1,911 ₹2,429 54
EV/Revenue ₹721.75 ₹1,099 ₹1,475 43
Asset-Based
NCAV (Graham) ₹353.17 ₹473.25 ₹706.34 50
Economic Profit
Residual Income ₹577.21 ₹614.22 ₹689.26 76
ROIC Compounder ₹498.47 ₹602.03 ₹691.38 72
Growth Earnings
Growth-Adj P/E ₹678.46 ₹969.22 ₹1,260 68

Widest divergence: Multiples (₹1,099) versus Dividend Discount (₹18.10). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹3.3B
Revenue growth (YoY) -15.7%
Net margin 5.2%
Return on equity 8.1%
Free cash flow −₹229M FY2026
P/E ratio 25.9
More key figures
Operating margin 0.4%
EPS (TTM) ₹57.32
Dividend yield 0.1%
EPS growth (YoY) -85.4%
Net debt ₹1.1B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 63

Profitability 35
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Haleos Labs Limited engages in the manufacturing of active pharmaceutical ingredients (API) and intermediates in India. The company offers API and intermediates in areas, such as anti-ulcer, anti-migraine, anti-hypertensive, erectile dysfunction, anti-cancer, antifungal, anti-obesity, anti-emetic, anti-depressant, anti-worm, anti-infective, anti-gout, …

Full company description

Haleos Labs Limited engages in the manufacturing of active pharmaceutical ingredients (API) and intermediates in India. The company offers API and intermediates in areas, such as anti-ulcer, anti-migraine, anti-hypertensive, erectile dysfunction, anti-cancer, antifungal, anti-obesity, anti-emetic, anti-depressant, anti-worm, anti-infective, anti-gout, anti-convulsant, antiviral, and anesthesia, as well as antihistamine, diuretics, hair loss, and ophthalmic API products. It also exports its products. The company was formerly known as SMS Lifesciences India Limited and changed its name to Haleos Labs Limited in August 2025. Haleos Labs Limited was founded in 1990 and is based in Hyderabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Haleos Labs Limited reported revenue of ₹3.3B in FY2026 versus ₹3.5B in FY2022, a compound −1.0%/yr. Reported net income was ₹173M in FY2026, compounding −9.1%/yr from FY2022.

Growth Quality 30/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹3.3B
Latest YoY
−0.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.7%
Avg. growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.2%
Revenue −1.0%/yr
FY22 ₹3.5B
FY23 ₹3.1B
FY24 ₹3.0B
FY25 ₹3.4B
FY26 ₹3.3B
Net income −9.1%/yr
FY22 ₹253M
FY23 ₹115M
FY24 ₹90.9M
FY25 ₹201M
FY26 ₹173M

HALEOSLABS screens 35% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Haleos Labs Limited Fair Value". https://www.fairvalue-calculator.com/stock/HALEOSLABS

Peer Group

Biotechnology · 605 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 42 · Below median
Fair Value upside −35% · Above median
Return on equity (TTM) 8% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 0% · Above median
Revenue growth -16% · Bottom 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 25.9× · Pricier than median
P/B 2.31× · Pricier than median
P/S (TTM) 1.48× · Cheaper than 75% of peers
EV/EBITDA 12.1× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 0
PAST 32 · sector 0
HEALTH 88 · sector 97
DIVIDEND 2 · sector 28

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $525.73 $278.78 -47%
Regeneron Pharmaceuticals, Inc REGN $797.99 $594.40 -26%
Samsung Biologics Co 207940 1,549,000 KRW 1,055,793 KRW -32%
Celltrion, Inc 068270 202,000 KRW 74,519 KRW -63%
WuXi Biologics (Cayman) Inc 2269 HK$45.70 HK$30.58 -33%
Innovent Biologics, Inc 1801 HK$95.55 HK$19.68 -79%
Genmab A/S GMAB kr 2,037 kr 250.07 -88%
Sino Biopharmaceutical Limited 1177 HK$4.87 HK$3.37 -31%
RemeGen Co 688331 ¥131.87 ¥23.19 -82%
ALTEOGEN Inc 196170 314,000 KRW 39,476 KRW -87%

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Frequently asked questions

Is Haleos Labs Limited (HALEOSLABS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹969.22 versus a price of ₹1,484, about −35% (overvalued).
What is the fair value of HALEOSLABS?
Our model-based fair value for Haleos Labs Limited is ₹969.22 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,484.
What is the quality score of HALEOSLABS?
Haleos Labs Limited has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Haleos Labs Limited (HALEOSLABS)?
Haleos Labs Limited reported trailing-twelve-month revenue of about ₹3.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of HALEOSLABS?
The net profit margin of Haleos Labs Limited is about 5.2%, meaning it keeps roughly 5.2% of revenue as net income. Based on the latest reported figures.
Does Haleos Labs Limited pay a dividend?
Haleos Labs Limited currently shows a dividend yield of about 0.09% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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