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    Morepen Laboratories Limited

    Indian API maker and consumer-health company: bulk drugs, branded formulations, and diagnostic devices.

    Healthcare
    Healthcare
    View MOREPENLAB earnings calls
    ₹49.5
    +12.83% from avg

    Overview

    Price

    ₹49.5

    Market Cap

    ₹2.9k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital909096102102110110110
    Reserves1943354836517451.0k1.1k1.1k
    Borrowings13317192529105158208
    Other Liabilities246416473332417517381482
    Total Liabilities6638581.1k1.1k1.3k1.8k1.7k1.9k
    AssetsFixed Assets216225252267307489471513
    CWIP02141724282622
    Investments1100185136124
    Other Assets4466318048279601.2k1.1k1.3k
    Total Assets6638581.1k1.1k1.3k1.8k1.7k1.9k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating171151-60-91733233
    Cash from Investing-13-12-70-32-47-83-322-123
    Cash from Financing054766144530097
    SummaryCapital Expenditure
    Free Cash Flow6-610-127-137-8-182-127
    FCF Margin

    Valuation

    Assumptions

    Current — MOREPENLAB
    Price
    ₹50
    EPS (TTM)
    ₹1.26
    PE (TTM)
    39.1
    Profit growth
    21.5%

    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 (32.4×) and current (39.1×) 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
    ₹50
    vs
    Fair value · 15% return
    ₹48
    2%Overvalued

    At 21.5% growth and a 32× exit, ₹50 only delivers your return if you pay ₹48. The price is currently baking in 22% growth.

    EPS grows 21.5%/yr for 5 years, then fades to 6% over 2, exits at 32×.

    YearGrowthEPS (₹)
    FY2721.5%1.53
    FY2821.5%1.86
    FY2921.5%2.26
    FY3021.5%2.75
    FY3121.5%3.34
    FY3213.8% ·fade3.79
    FY336.0% ·fade4.02

    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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