LACTOSE (INDIA) LTD. (LACTOSE) fair value: what the stock is really worth
As of Oct 6, 2026: fair value of LACTOSE (INDIA) LTD. ₹106, price ₹104, upside +1.6%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range ₹28.25 – ₹235.75 · fair‑value band ₹79.40 – ₹132.44 · the ₹104.30 price screens below the ₹105.95 fair value. Dashed = 300-day average. As of Oct 3, 2026.
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Lactose (India) Limited engages in the manufacture and trading of pharmaceutical products in India. The company is involved in the production of drugs, medicines, chemicals, foods, etc. It offers lactose monohydrate; dry granulated, film, and lacquer coated tablets; and pharmaceutical products in solid dose forms.
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Lactose (India) Limited engages in the manufacture and trading of pharmaceutical products in India. The company is involved in the production of drugs, medicines, chemicals, foods, etc. It offers lactose monohydrate; dry granulated, film, and lacquer coated tablets; and pharmaceutical products in solid dose forms. In addition, the company provides disaccharide lactulose, an active pharmaceutical ingredient that is used in the treatment of constipation, hepatitis encephalopathy, intestinal microflora, dental care, diabetes, and chronic liver disease, as well as for use as a prebiotic. It also exports its products. The company was incorporated in 1991 and is headquartered in Mumbai, India.
Stock analysis
LACTOSE (INDIA) LTD. (LACTOSE) currently trades at ₹104.30, while our model-based Fair Value estimate is ₹105.95, so the stock looks roughly fairly valued today (gap 1.6%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹174.79 per share, and 10 of the 15 models we run sit above the ₹104.30 price.
Bear case: the Asset-Based group reads lowest at ₹34.48, and 5 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹79.40 (bear) to ₹132.44 (bull), the price of ₹104.30 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Healthcare sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
LACTOSE (INDIA) LTD. reported revenue of ₹1.6B in FY2025 versus ₹459M in FY2021, a compound +37.3%/yr. Reported net income was ₹60.6M in FY2025, compounding +25.4%/yr from FY2021.
Key figures
Market cap ₹1.3B (≈ $13.6M) · P/E ratio 19.3 · P/S ratio 0.72 · EPS (TTM) ₹5.40 · Net margin 3.7% · Return on equity 9.8% · Return on assets (EBIT) 8.9% · Operating margin 9.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −19% fair-value upside, at 2%, LACTOSE screens cheaper than that median.
Fair Value models
Bear ₹79.40Fair Value ₹105.95Bull ₹132.44
Price ₹104.30 · Upside +1.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (₹4.14 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+40.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+35.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+36.1%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+18.4%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+36.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.36.7% vs 5.3%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 8%
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Drug Manufacturers - Specialty & Generic · 603 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside+1.6% · Above median
Profitability
Return on equity (TTM)9.8% · Above median
Return on assets5.0% · Above median
Net margin (TTM)4.1% · Below median
Operating margin (TTM)9.5% · Above median
Growth and dividend
Revenue growth18.7% · Top 25%
Balance sheet
Debt / equity0.35× · Highest 25%
Valuation Multiplesvs Drug Manufacturers - Specialty & Generic median · lower = cheaper
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Is LACTOSE (INDIA) LTD. (LACTOSE) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹105.95 versus a price of ₹104.30, about +2% upside (fairly valued).
What is the fair value of LACTOSE?
Our model-based fair value for LACTOSE (INDIA) LTD. is ₹105.95 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹104.30.
What is the quality score of LACTOSE?
LACTOSE (INDIA) LTD. has a Quality Score of 40/100. 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 price target for LACTOSE (INDIA) LTD. (LACTOSE)?
Our model-based price target is the fair value of ₹105.95 (as of Oct 3, 2026) from 15 valuation models. Cautious scenario ₹79.40, optimistic scenario ₹132.44. It is a calculation from audited fundamentals, not an analyst target.
What is the LACTOSE (INDIA) LTD. stock forecast for 2026?
Our models put fair value at ₹105.95, about +2% upside versus a price of ₹104.30 (fairly valued). Cautious scenario ₹79.40, optimistic scenario ₹132.44. The calculation is refreshed regularly with new filings.
What is the revenue of LACTOSE (INDIA) LTD. (LACTOSE)?
LACTOSE (INDIA) LTD. reported trailing-twelve-month revenue of about ₹1.7B (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of LACTOSE (INDIA) LTD. (LACTOSE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LACTOSE (INDIA) LTD. it is ₹105.95 per share (as of Oct 3, 2026), against a price of ₹104.30. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is LACTOSE (INDIA) LTD. stock overvalued or undervalued in 2026?
As of Oct 3, 2026, LACTOSE trades below its calculated fair value: price ₹104.30, fair value ₹105.95, a gap of about +2% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LACTOSE?
No. The price is what the market pays today (₹104.30); the fair value is what the company's own numbers justify (₹105.95). For LACTOSE (INDIA) LTD. the two are ₹1.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is LACTOSE (INDIA) LTD. worth?
The market values LACTOSE (INDIA) LTD. at about ₹1.3B (market capitalisation, as of Oct 3, 2026). Per share that is ₹104.30; our models calculate a fair value of ₹105.95 per share.
What do the bullish and bearish scenarios say about LACTOSE?
Our models span a range for LACTOSE (INDIA) LTD.: cautious scenario ₹79.40, base ₹105.95, optimistic ₹132.44 per share (as of Oct 3, 2026, price ₹104.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LACTOSE?
LACTOSE (INDIA) LTD. trades at a price-to-earnings ratio of 19.3 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹105.95 is built from several models across several years. Other multiples: P/B 2.0, P/S 0.8, EV/EBITDA 7.7.
How solid is the balance sheet of LACTOSE (INDIA) LTD. (LACTOSE)?
Balance-sheet figures for LACTOSE (INDIA) LTD. (as of Oct 3, 2026): return on equity 9.8%, debt of 0.35 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is LACTOSE from its 52-week high?
LACTOSE (INDIA) LTD. trades at ₹104.30, about 20% below its 52-week high of ₹129.85 and 33% above the low of ₹78.19 (as of Oct 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹105.95 is for.
Which stocks are comparable to LACTOSE (INDIA) LTD.?
From the same area (Healthcare) we also value Merck KGaA, Takeda Pharmaceutical Company, Teva Pharmaceutical Industries Limited, Sun Pharmaceutical Industries Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is LACTOSE (INDIA) LTD. stock attractive at the current price?
The data as of Oct 3, 2026: price ₹104.30, calculated fair value ₹105.95 (+2%), Quality Score 40/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LACTOSE calculated?
We run LACTOSE (INDIA) LTD. through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹105.95, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.4 % above its aggregate fair value. LACTOSE (INDIA) LTD. currently trades 2 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of LACTOSE (INDIA) LTD. (LACTOSE)?
The closing price on Oct 6, 2026 was ₹104.30. Our model-based fair value is ₹105.95, about +2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LACTOSE (INDIA) LTD. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of LACTOSE (INDIA) LTD.
How large is the market capitalisation of LACTOSE (INDIA) LTD. (LACTOSE)?
The market capitalisation of LACTOSE (INDIA) LTD. is ₹1.3B (≈ $13.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of LACTOSE (INDIA) LTD. (LACTOSE)?
The price-to-sales ratio of LACTOSE (INDIA) LTD. is 0.72 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of LACTOSE (INDIA) LTD. (LACTOSE)?
Earnings per share at LACTOSE (INDIA) LTD. are ₹5.40 (price ÷ EPS = P/E 19.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of LACTOSE (INDIA) LTD. (LACTOSE)?
The net margin of LACTOSE (INDIA) LTD. is 3.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of LACTOSE (INDIA) LTD. (LACTOSE)?
The return on equity (ROE) of LACTOSE (INDIA) LTD. is 9.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of LACTOSE (INDIA) LTD. (LACTOSE)?
On an EBIT basis the return on assets of LACTOSE (INDIA) LTD. is 8.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of LACTOSE (INDIA) LTD. (LACTOSE)?
The operating margin of LACTOSE (INDIA) LTD. is 9.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LACTOSE (INDIA) LTD. (LACTOSE)?
Revenue at LACTOSE (INDIA) LTD. is growing +18.7% versus a year earlier (3y avg +35.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at LACTOSE (INDIA) LTD. (LACTOSE)?
Earnings per share at LACTOSE (INDIA) LTD. are growing +62.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does LACTOSE (INDIA) LTD. (LACTOSE) generate?
The free cash flow of LACTOSE (INDIA) LTD. is −₹49.3M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does LACTOSE (INDIA) LTD. (LACTOSE) carry?
The net debt of LACTOSE (INDIA) LTD. is ₹611M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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