Skip to content

    Indegene

    Tech-enabled commercialization, medical & regulatory services partner to global biopharma firms.

    Healthcare
    Healthcare
    View INDGN earnings calls
    ₹532.4
    +4.56% from avg

    Overview

    Price

    ₹532.4

    Market Cap

    ₹12.2k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital0004444484848
    Reserves-1053247641.0k1.4k2.6k2.8k3.1k
    Borrowings4835166502490102122144
    Other Liabilities2222205246386276095881.3k
    Total Liabilities6005961.4k2.2k2.5k3.3k3.6k4.6k
    AssetsFixed Assets119861386646466787191.8k
    CWIP000004012
    Investments1301206147961.3k7781.1k
    Other Assets4685101.1k9261.1k1.4k2.1k1.7k
    Total Assets6005961.4k2.2k2.5k3.3k3.6k4.6k

    Valuation

    Assumptions

    Current — INDGN
    Price
    ₹532
    EPS (TTM)
    ₹16.69
    PE (TTM)
    31.9
    Profit growth
    9.1%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (32.9×) and current (31.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹532
    vs
    Fair value · 15% return
    ₹354
    34%Overvalued

    At 9.1% growth and a 32× exit, ₹532 only delivers your return if you pay ₹354. The price is currently baking in 17% growth.

    EPS grows 9.1%/yr for 5 years, then fades to 6% over 2, exits at 32×.

    YearGrowthEPS (₹)
    FY279.1%18.21
    FY289.1%19.87
    FY299.1%21.67
    FY309.1%23.65
    FY319.1%25.80
    FY327.5% ·fade27.75
    FY336.0% ·fade29.41

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Indegene

    Guides on how to read this kind of business and the numbers that matter.