Fair Value Calculator Fair Value Calculator
EN DE

Hikal Limited (HIKAL) Fair Value & Analysis

Healthcare · IN · Market cap ₹27.5B

HL Hikal Limited HIKAL · NSE
Price₹223.09
Fair Value₹23.70
Upside-89.4%
Quality47/100
Watch Hikal Limited for free — get notified when fair value or trend changes. Watch for free
Evidence: High Range ₹23.70 – ₹43.21

Fair value as of: Jul 3, 2026

From 16 valuation models · updated yesterday

Share price +18.2% over the past month.

Price vs Fair Value (12 months)

₹352.19 ₹147.74 Fair Value ₹23.70 Jul 2025 Jul 2026

12‑month range ₹147.74 – ₹352.19 · fair‑value band ₹23.70 – ₹43.21 · the ₹223.09 price screens above the ₹23.70 fair value. As of Jul 3, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

Hikal Limited (HIKAL) currently trades at ₹223.09, while our model-based Fair Value estimate is ₹23.70 — implying the stock looks roughly 89.4% overvalued today. We read business quality at 47/100 (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: high).

Over the trailing twelve months, Hikal Limited generated revenue of ₹12.0B at a net margin of 6.2%. Revenue grew 37.3% year over year. It earns a return on equity of 0.8%. Net debt stands at ₹6.7B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹12.0B
Revenue growth (YoY) +37.3%
Net margin 6.2%
Return on equity 0.8%
Free cash flow ₹892M FY2026
Operating margin 13.2%
More key figures
EPS (TTM) ₹-3.96
EPS growth (YoY) +68.3%
Net debt ₹6.7B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Hikal Limited, together with its subsidiaries, manufactures and sells various chemical intermediates, specialty chemicals, and active pharma ingredients to pharmaceutical, biotechnology, life sciences, animal health, crop protection, and specialty chemicals indusries. It operates through two segments, Pharmaceuticals and Crop Protection. The company also manufactures pesticides and herbicides, which include diuron tech, temephos tech, thiacloprid tech, clothianidin tech, dichloroaniline, N-bromosuccinimide, prothioconazole technical, trifloxystrobin technical, and BIT. In addition, it offers solutions in contract research, custom synthesis, and custom manufacturing of intermediates and active ingredients. Further, the company provides anti-convulsant, anti-inflammatory, analgesic, Anti-parasitic, anti-lipemic, anti-histaminic, anti-depressant, anti-psychotic, anti-emetic, anti-diabetic, anti-thrombotic, Anti-viral, anti-hypertensive, and Haemorheologic; animal health products, such …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Hikal Limited reported revenue of ₹17.1B in FY2026 versus ₹19.3B in FY2022, a compound −2.9%/yr. Reported net income was −₹488M in FY2026.

Revenue −2.9%/yr
FY22 ₹19.3B
FY23 ₹20.0B
FY24 ₹17.7B
FY25 ₹18.6B
FY26 ₹17.1B
Net income
FY22 ₹1.6B
FY23 ₹784M
FY24 ₹696M
FY25 ₹908M
FY26 −₹488M

Is HIKAL fairly valued? → Check now

Similar stocks

6 more Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 1276 HK$57.85 HK$29.84 -48%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,786 ₹991.46 -44%
Zoetis Inc Z1TS34 R$25.93 R$19.70 -24%
Hansoh Pharmaceutical Group 3692 HK$29.30 HK$23.90 -18%
Divi's Laboratories Limited DIVISLAB ₹6,639 ₹1,281 -81%
Swedish Orphan Biovitrum AB SOBI kr 435.00 kr 285.77 -34%

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap Stocks

Frequently asked questions

Is Hikal Limited (HIKAL) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹23.70 versus a price of ₹223.09 — about −89% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HIKAL?
Our model-based fair value for Hikal Limited is ₹23.70 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹223.09.
What is the quality score of HIKAL?
Hikal Limited has a Quality Score of 47/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Hikal Limited (HIKAL)?
Hikal Limited reported trailing-twelve-month revenue of about ₹12.0B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of HIKAL?
The net profit margin of Hikal Limited is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.