Ind-Swift Laboratories Ltd. (IN:INDSWFTLAB)
:INDSWFTLAB
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Ind-Swift Laboratories Ltd.
(INDSWFTLAB)
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Rating:61Neutral
Price Target:
₹145.00
▲(59.87% Upside)
Action:ReiteratedDate:03/06/26
The score is primarily supported by strong sales growth and a very low-leverage balance sheet, but is held back by negative operating and free cash flow. Technicals are moderately constructive with an established uptrend, while valuation appears mid-range without dividend support.
Positive Factors
Strong Revenue Growth
Sustained top-line expansion of ~25.6% indicates persistent demand and successful commercial traction across products or markets. Over 2–6 months this growth supports scalable operations, better bargaining power with suppliers, and a larger revenue base to absorb fixed costs, aiding durable margin recovery.
Negative Factors
Negative Operating Cash Flow
Repeated negative operating and free cash flows signal weak cash conversion of earnings and potential liquidity strain. Over several months this limits capacity to self-fund capex, dividends, or debt repayment, forcing reliance on equity or external financing and increasing execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained top-line expansion of ~25.6% indicates persistent demand and successful commercial traction across products or markets. Over 2–6 months this growth supports scalable operations, better bargaining power with suppliers, and a larger revenue base to absorb fixed costs, aiding durable margin recovery.
Read all positive factors
Ind-Swift Laboratories Ltd. (INDSWFTLAB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.46B
Dividend YieldN/A
Average Volume (3M)7.30K
Price to Earnings (P/E)18.9
Beta (1Y)1.29
Revenue Growth-37.70%
EPS Growth-19.79%
CountryIN
Employees47
SectorHealthcare
Sector Strength45
IndustryDrug Manufacturers - Specialty & Generic
Share Statistics
EPS (TTM)1.17
Shares Outstanding81,611,560
10 Day Avg. Volume7,859
30 Day Avg. Volume7,299
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.46
Price to Sales (P/S)0.96
P/FCF Ratio-5.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ind-Swift Laboratories Ltd. Business Overview & Revenue Model
Company Description
Ind-Swift Laboratories Limited develops, manufactures, and sells active pharmaceutical ingredients (APIs) in India. The company offers APIs in various therapeutic areas, including macrolide antibiotic, cardiovascular, antihistaminic, antidiabetic,...
How the Company Makes Money
Ind-Swift Laboratories Ltd. generates revenue through multiple key streams, primarily by selling its pharmaceutical products, which include APIs and finished formulations. The company benefits from a robust export business, supplying to various co...
Ind-Swift Laboratories Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.22B | 5.62B | 12.81B | 12.07B | 10.39B | 8.91B |
| Gross Profit | 4.19B | 2.74B | 4.13B | 4.40B | 4.10B | 3.75B |
| EBITDA | 3.05B | 2.85B | 7.82B | 2.36B | 2.35B | 1.98B |
| Net Income | 2.66B | 2.50B | 4.21B | 475.97M | -21.49M | -31.47M |
Balance Sheet | ||||||
| Total Assets | 15.44B | 14.38B | 14.60B | 18.24B | 18.01B | 18.18B |
| Cash, Cash Equivalents and Short-Term Investments | 4.33B | 4.82B | 4.94B | 231.54M | 333.68M | 116.01M |
| Total Debt | 220.47M | 408.41M | 166.22M | 8.62B | 9.53B | 10.05B |
| Total Liabilities | 2.37B | 2.65B | 6.48B | 11.42B | 12.00B | 12.15B |
| Stockholders Equity | 13.07B | 11.73B | 9.36B | 6.82B | 6.01B | 6.04B |
Cash Flow | ||||||
| Free Cash Flow | -472.94M | -898.80M | -2.08B | 1.82B | 1.32B | 1.31B |
| Operating Cash Flow | -202.50M | -254.74M | -1.63B | 1.95B | 1.50B | 1.35B |
| Investing Cash Flow | -1.04B | -1.10B | -1.23B | -133.68M | 47.72M | -101.72M |
| Financing Cash Flow | 961.18M | 692.05M | 6.99B | -1.86B | -1.41B | -1.24B |
Ind-Swift Laboratories Ltd. Technical Analysis
Positive
90.70
Price Trends
132.11
Positive
113.88
Positive
109.20
Positive
Market Momentum
1.13
Positive
51.76
Neutral
25.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDSWFTLAB, the sentiment is Positive. The current price of 90.7 is below the 20-day moving average (MA) of 138.93, below the 50-day MA of 132.11, and below the 200-day MA of 109.20, indicating a bullish trend. The MACD of 1.13 indicates Positive momentum. The RSI at 51.76 is Neutral, neither overbought nor oversold. The STOCH value of 25.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDSWFTLAB.
Ind-Swift Laboratories Ltd. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹12.34B | 10.01 | ― | ― | 13.32% | 218.38% | |
66 Neutral | ₹11.43B | 22.21 | ― | ― | 24.20% | 55.01% | |
63 Neutral | ₹3.28B | 19.99 | ― | ― | -5.82% | -59.22% | |
61 Neutral | ₹11.46B | 18.86 | ― | ― | -37.70% | -19.79% | |
55 Neutral | ₹3.07B | 56.53 | ― | 0.26% | -9.16% | 49.09% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
48 Neutral | ₹2.25B | 7.63 | ― | ― | -30.27% | -3470.06% |
* Healthcare Sector Average
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Ind-Swift Laboratories Ltd. Corporate Events
Ind-Swift Laboratories Seeks Shareholder Nod for Major Leadership Restructuring via Postal Ballot
Mar 30, 2026
Ind-Swift Laboratories Ltd. has launched a postal ballot process to seek shareholder approval for several key board and management changes, underscoring a significant reshaping of its leadership structure across domestic and global operations. The...
Ind-Swift Labs Retains ₹19.66 Crore as 6.5 Million Warrants Lapse
Mar 1, 2026
Ind-Swift Laboratories has announced that 6.5 million fully convertible warrants previously allotted on a preferential basis to Saral Incorporated VCC Sub Fund 1 have lapsed after the investor did not exercise the option to convert them into equit...
Ind-Swift Labs Files CARE Monitoring Report on Rs 314.6 Crore Preferential Issue
Feb 3, 2026
Ind-Swift Laboratories Ltd. has disclosed that CARE Ratings Limited, acting as the independent monitoring agency, has issued its report for the quarter ended 31 December 2025 on the company’s preferential issue of equity capital aggregating ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.