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Dr. Lal PathLabs Limited
(LALPATHLAB)
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Rating:76Outperform
Price Target:
₹1,906.00
▲(29.40% Upside)
Action:Upgraded
Date:05/05/26
The score is driven primarily by strong financial performance (low leverage, solid cash generation, and steady growth), supported by constructive technical momentum. This is tempered by expensive valuation (high P/E and low yield) and signs of FY2026 margin pressure that warrant monitoring.
Positive Factors
Conservative balance sheet
Very low debt-to-equity (~0.08) versus prior years signals durable financial flexibility and lower funding risk. This reduces interest burden, supports capital allocation for network expansion or capex, and strengthens resilience to cyclical healthcare demand shifts over the next 2–6 months.
Negative Factors
Margin compression
Notable gross- and net-margin decline in FY2026 suggests cost pressures or pricing erosion that can persist. Sustained margin pressure would impair free cash flow, limit reinvestment, and weaken return-on-capital metrics that define long-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low debt-to-equity (~0.08) versus prior years signals durable financial flexibility and lower funding risk. This reduces interest burden, supports capital allocation for network expansion or capex, and strengthens resilience to cyclical healthcare demand shifts over the next 2–6 months.
Read all positive factors
Dr. Lal PathLabs Limited (LALPATHLAB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹276.84B
Dividend Yield0.89%
Average Volume (3M)3.61K
Price to Earnings (P/E)55.7
Beta (1Y)0.55
Revenue Growth12.25%
EPS Growth3.58%
CountryIN
Employees4,099
SectorGeneral
Sector StrengthN/A
IndustryMedical - Diagnostics & Research
Share Statistics
EPS (TTM)30.23
Shares Outstanding167,637,770
10 Day Avg. Volume2,182
30 Day Avg. Volume3,614
Financial Highlights & Ratios
PEG Ratio12.69
Price to Book (P/B)8.73
Price to Sales (P/S)7.93
P/FCF Ratio40.94
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)35.38
Revenue Forecast (FY)₹31.36B
Dr. Lal PathLabs Limited Business Overview & Revenue Model
Company Description
Dr. Lal PathLabs Limited is a leading provider of diagnostic and related health assessment services, operating both domestically in India and across international borders. The company manages a comprehensive network of laboratories dedicated to co...
How the Company Makes Money
The company primarily makes money by charging fees for diagnostic testing services. Key revenue streams include: (1) Business-to-consumer (B2C) testing, where individual patients pay for pathology and diagnostic test packages (often via walk-ins, ...
Dr. Lal PathLabs Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 27.63B | 24.61B | 22.27B | 20.17B | 20.87B |
| Gross Profit | 11.61B | 16.38B | 14.62B | 12.87B | 15.85B |
| EBITDA | 8.54B | 7.89B | 6.78B | 5.32B | 6.13B |
| Net Income | 5.05B | 4.87B | 3.58B | 2.39B | 3.45B |
Balance Sheet | |||||
| Total Assets | 31.46B | 27.17B | 24.56B | 23.86B | 23.53B |
| Cash, Cash Equivalents and Short-Term Investments | 13.32B | 11.65B | 9.43B | 8.14B | 6.82B |
| Total Debt | 1.99B | 1.57B | 2.47B | 4.20B | 5.32B |
| Total Liabilities | 6.05B | 5.10B | 5.71B | 6.86B | 8.10B |
| Stockholders Equity | 25.08B | 21.73B | 18.49B | 16.66B | 15.08B |
Cash Flow | |||||
| Free Cash Flow | 5.35B | 5.25B | 4.84B | 4.11B | -294.49M |
| Operating Cash Flow | 7.02B | 5.69B | 5.35B | 4.56B | 4.47B |
| Investing Cash Flow | -4.88B | -3.03B | -242.69M | -2.87B | -4.49B |
| Financing Cash Flow | -2.63B | -3.34B | -4.14B | -2.83B | 1.36B |
Dr. Lal PathLabs Limited Technical Analysis
Positive
1472.95
Price Trends
1598.93
Positive
1489.93
Positive
1497.25
Positive
Market Momentum
21.92
Positive
53.96
Neutral
62.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LALPATHLAB, the sentiment is Positive. The current price of 1472.95 is below the 20-day moving average (MA) of 1642.46, below the 50-day MA of 1598.93, and below the 200-day MA of 1497.25, indicating a bullish trend. The MACD of 21.92 indicates Positive momentum. The RSI at 53.96 is Neutral, neither overbought nor oversold. The STOCH value of 62.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:LALPATHLAB.
Dr. Lal PathLabs Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹276.84B | 55.73 | ― | 0.89% | 12.25% | 3.58% | |
74 Outperform | ₹24.01B | 32.12 | ― | 0.16% | 16.08% | 14.59% | |
73 Outperform | ₹83.12B | 25.24 | ― | 0.68% | 20.61% | 77.73% | |
72 Outperform | ₹114.13B | 61.02 | ― | 0.21% | 23.64% | 29.96% | |
71 Outperform | ₹136.17B | 81.87 | ― | 0.20% | 19.49% | 20.50% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹17.62B | 17.80 | ― | 0.38% | 7.75% | 30.21% |
* General Sector Average
IN:LALPATHLAB
Dr. Lal PathLabs Limited
1,684.25
236.25
16.32%
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52.32%
IN:VIJAYA
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1,381.35
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35.83%
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Dr. Lal PathLabs Limited Corporate Events
Dr. Lal PathLabs Sets July 25 Virtual AGM, Shares FY 2025-26 Annual Report Access Details
Jul 1, 2026
Dr. Lal PathLabs Limited has notified shareholders that its 32nd Annual General Meeting will be held on July 25, 2026, via video conferencing or other audio-visual means, in line with regulatory guidelines from Indian authorities. The company has ...
Dr. Lal PathLabs Files Q4 and FY26 Earnings Call Transcript With Exchanges
May 6, 2026
Dr. Lal PathLabs Limited has submitted to the Indian stock exchanges the official transcript of its Q4 and full-year FY26 earnings conference call, held on April 30, 2026, in compliance with SEBI’s disclosure regulations. The call, led by CE...
Dr. Lal PathLabs clears FY26 results, dividend and Dubai expansion as it acquires Shahbazkers Diagnostic Centre
Apr 30, 2026
Dr. Lal PathLabs’ board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026 and recommended a final dividend of ₹4 per share, with a record date of 26 June 2026. The compa...
Dr. Lal PathLabs Confirms SEBI Depository Compliance for Q4 FY26
Apr 9, 2026
Dr. Lal PathLabs Limited has informed the Indian stock exchanges that its registrar and share transfer agent, MUFG Intime India Private Limited, has issued a certificate confirming compliance with Regulation 74(5) of the SEBI (Depositories and Par...
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.