LACTOSE
Lactose (India) financials
- Market cap
- ₹150 Cr
Quarterly results
Q1 FY27: revenue up 18.7%, net profit up 58.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 30 | 29 | 28 | 40 | 41 +35% | 37 +28% | 46 +65% | 47 +19% |
| EBITDA | 5 | 3 | 3 | 4 | 5 +5% | 3 +3% | 5 +47% | 6 +36% |
| Net profit | 2 | 0 | 1 | 2 | 2 +6% | 1 +141% | 2 +194% | 2 +58% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −20.2% 1Y
1Y: ₹126.55 on 10 Sept 2025 → ₹100.95. High ₹131.95 (17 Sept 2025), low ₹78.19 (27 Mar 2026).
Financials, as filed
Revenue grew 19.7% a year over 2 years, FY24 to FY26. Operating margin narrowed to 10.9%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹114 Cr | ₹116 Cr | ₹163 Cr |
| Operating profit | ₹19 Cr | ₹17 Cr | ₹18 Cr |
| Operating margin | 16.7% | 14.6% | 10.9% |
| Interest | ₹5 Cr | ₹6 Cr | ₹5 Cr |
| Depreciation | ₹5 Cr | ₹5 Cr | ₹6 Cr |
| Net profit | ₹7 Cr | ₹5 Cr | ₹6 Cr |
| Net margin | 6.0% | 4.4% | 3.7% |
| Cash from operations | ₹9 Cr | ₹0 Cr | ₹6 Cr |
| Free cash flow | ₹7 Cr | ₹-14 Cr | ₹-5 Cr |
| ROCE | 18.0% | 13.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹24 Cr | ₹27 Cr | ₹28 Cr | ₹35 Cr | ₹50 Cr | ₹52 Cr |
| Borrowings | ₹46 Cr | ₹41 Cr | ₹38 Cr | ₹39 Cr | ₹54 Cr | ₹62 Cr |
| Other liabilities | ₹7 Cr | ₹10 Cr | ₹22 Cr | ₹14 Cr | ₹21 Cr | ₹56 Cr |
| Total liabilities | ₹88 Cr | ₹90 Cr | ₹101 Cr | ₹101 Cr | ₹138 Cr | ₹183 Cr |
| Fixed assets | ₹59 Cr | ₹59 Cr | ₹56 Cr | ₹55 Cr | ₹56 Cr | ₹69 Cr |
| Capital work in progress | ₹4 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹12 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹25 Cr | ₹30 Cr | ₹45 Cr | ₹46 Cr | ₹71 Cr | ₹114 Cr |
| Total assets | ₹88 Cr | ₹90 Cr | ₹101 Cr | ₹101 Cr | ₹138 Cr | ₹183 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 3% to 16,554.
- Promoters
- 53.6%
- DIIs
- 0.6%
- Public
- 45.7%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 53.8%, DIIs 0.6%, Public 45.6%.Dec '23: Promoters 53.7%, DIIs 0.6%, Public 45.7%.Mar '24: Promoters 53.6%, DIIs 0.6%, Public 45.7%.Jun '24: Promoters 53.6%, DIIs 0.6%, Public 45.7%.Sep '24: Promoters 53.6%, DIIs 0.6%, Public 45.7%.Dec '24: Promoters 53.6%, DIIs 0.6%, Public 45.7%.Mar '25: Promoters 53.6%, DIIs 0.6%, Public 45.7%.Jun '25: Promoters 53.6%, DIIs 0.6%, Public 45.7%.Sep '25: Promoters 53.6%, DIIs 0.6%, Public 45.7%.Dec '25: Promoters 53.6%, DIIs 0.6%, Public 45.7%.Mar '26: Promoters 53.6%, DIIs 0.6%, Public 45.7%.Jun '26: Promoters 53.6%, DIIs 0.6%, Public 45.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Jaikaay Tradeventure Private Limited newly disclosed 1.04% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Lactose (India) Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sangita Maheshwari | 30.73% | unchanged |
| Atul Maheshwari | 10.81% | unchanged |
| Shyamsunder Bhorilal Toshniwal | 10.53% | unchanged |
| Madhusha Holdings Private Limited | 3.99% | unchanged |
| Jaikaay Tradeventure Private Limited | 1.04% | newly disclosed |
| Pushpa Suraj Maheshwari | 0.90% | unchanged |
| Atul Maheshwari . | 0.40% | unchanged |
| Yashvardhan Maheshwari | 0.28% | unchanged |
| Dotch Sales Pvt Ltd. | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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