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    Kilitch Drugs (India) Limited

    Mumbai-based pharma formulator making sterile injectables, ophthalmic/nasal drops, OSD tablets and nutraceuticals, with a Cephalosporin plant in Ethiopia serving 49+ export markets.

    Healthcare
    Healthcare

    Overview

    Price

    Market Cap

    ₹629 Cr

    Sector

    Healthcare

    Healthcare

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1515161616161735
    Reserves103112124136160186248245
    Borrowings1315202232498489
    Other Liabilities1261504632614989
    Total Liabilities143203210220240313399458
    AssetsFixed Assets3230656462646467
    CWIP30653464798140
    Investments5260716272727775
    Other Assets30477190100129160176
    Total Assets143203210220240313399458

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating044663-21824
    Cash from Investing-14-10-38-158-8-40-100
    Cash from Financing17127-191382
    SummaryCapital Expenditure
    Free Cash Flow-19-69-2-1-8-29-76
    FCF Margin

    Valuation

    Assumptions

    Current — KILITCH
    Price
    ₹182
    EPS (TTM)
    ₹7.02
    PE (TTM)
    25.9
    Profit growth
    41.0%

    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 (60.9×) and current (25.9×) 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
    ₹182
    vs
    Fair value · 15% return
    ₹501
    175%Undervalued

    At 41% growth and a 26× exit, ₹182 only delivers your return if you pay ₹501. The price is currently baking in 18% growth.

    EPS grows 41%/yr for 5 years, then fades to 6% over 2, exits at 26×.

    YearGrowthEPS (₹)
    FY2741.0%9.90
    FY2841.0%13.96
    FY2941.0%19.68
    FY3041.0%27.75
    FY3141.0%39.12
    FY3223.5% ·fade48.32
    FY336.0% ·fade51.22

    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.

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