Dr. Lal PathLabs Limited (LALPATHLAB) AI Stock Analysis

• Market Cap: ₹264.53B
• Dividend Yield: 0.77%
• Average Volume (3M): 3.70K
• Price to Earnings (P/E): 51.3
• Beta (1Y): 0.56
• Revenue Growth: 10.57%
• EPS Growth: 34.11%
• Country: IN
• Employees: 4,099
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Diagnostics & Research
• EPS (TTM): 15.90
• Shares Outstanding: 83,775,510
• 10 Day Avg. Volume: 2,077
• 30 Day Avg. Volume: 3,699
• PEG Ratio: 1.15
• Price to Book (P/B): 9.21
• Price to Sales (P/S): 8.13
• P/FCF Ratio: 38.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹3,411.33
• Price Target Upside: 9.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 66 Neutral
• Price Target: ₹3,364.00 ▲(8.16% Upside)

Dr. Lal PathLabs' strong financial performance is the most significant factor, contributing positively to its overall score. However, technical analysis indicates weak momentum, and the high P/E ratio suggests potential overvaluation, which tempers the overall score.

Dr. Lal PathLabs Limited Business Overview & Revenue Model

Company Description

Dr. Lal PathLabs Limited provides diagnostic and related healthcare tests and services in India and internationally. It operates laboratories for carrying the pathological investigations of various branches of bio-chemistry, hematology, histopathology, microbiology, electrophoresis, immuno-chemistry, immunology, virology, cytology, and other pathological and radiological investigations. The company also offers lab staff training; technical; and lab management services. As of March 31, 2022, the company had 277 clinical laboratories, including National Reference Lab at Delhi and Regional Reference Lab at Kolkata; and 4,731 patient service centers and 10,599 pick-up points. Dr. Lal PathLabs Limited was founded in 1949 and is based in Gurugram, India.

How the Company Makes Money

Dr. Lal PathLabs generates revenue primarily through the provision of diagnostic testing services to patients and healthcare institutions. The company earns money by charging fees for a wide array of laboratory tests and health check-up packages. Key revenue streams include individual test requests from patients, partnerships with hospitals and clinics that outsource their diagnostic needs, and corporate tie-ups for employee health check-ups. Additionally, LALPATHLAB benefits from its strong brand reputation and extensive network, which drives patient traffic and enhances customer loyalty. The company also explores opportunities in the telemedicine space and at-home sample collection services, which further contribute to its earnings.

Dr. Lal PathLabs Limited Financial Statement Overview

Summary

Dr. Lal PathLabs exhibits a strong financial position with significant revenue and profit growth, supported by efficient operational margins and a stable balance sheet. The company's cash flow performance underscores its ability to generate and manage cash effectively, ensuring financial flexibility. Despite some areas for improvement in return metrics, the overall financial health is robust, positioning the company well for future growth.

Income Statement

Dr. Lal PathLabs showed strong financial performance with a consistent increase in total revenue over the years, marking a significant growth rate from 2024 to 2025. The company enjoys robust profit margins with a gross profit margin of approximately 60.8% and a net profit margin of about 19.8% in the latest year. Both EBIT and EBITDA margins indicate healthy operational efficiency, demonstrating the company's ability to convert revenue into profits effectively.

Balance Sheet

The company maintains a solid financial structure with a low debt-to-equity ratio, indicating conservative leverage. The equity ratio is strong, suggesting a high level of equity financing relative to assets. However, the return on equity shows room for improvement, reflecting moderate efficiency in generating returns for shareholders. The overall balance sheet displays stability and low-risk financial management.

Cash Flow

The cash flow statement reveals a positive trajectory in operating cash flow, aligning well with net income and showcasing strong cash-generating capabilities. Free cash flow has grown significantly, highlighting efficient capital expenditure management and prudent cash utilization. Despite some fluctuations in investing and financing cash flows, the company demonstrates an ability to maintain liquidity and support its growth strategies.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	25.29B	24.61B	22.27B	20.17B	20.87B	15.81B
Gross Profit	14.91B	14.97B	12.79B	15.70B	13.00B	9.80B
EBITDA	7.92B	6.96B	6.78B	5.32B	6.13B	4.88B
Net Income	5.13B	4.87B	3.58B	2.39B	3.45B	2.92B
Balance Sheet
Total Assets	0.00	27.17B	24.56B	23.86B	23.53B	16.61B
Cash, Cash Equivalents and Short-Term Investments	11.64B	11.65B	9.43B	8.14B	6.82B	9.84B
Total Debt	0.00	1.57B	2.47B	4.20B	5.32B	1.50B
Total Liabilities	-22.06B	5.10B	5.71B	6.86B	8.10B	3.85B
Stockholders Equity	22.06B	21.73B	18.49B	16.66B	15.08B	12.45B
Cash Flow
Free Cash Flow	0.00	5.25B	4.84B	4.11B	-294.49M	3.39B
Operating Cash Flow	0.00	5.69B	5.35B	4.56B	4.47B	3.98B
Investing Cash Flow	0.00	-3.03B	-242.69M	-2.87B	-4.49B	-2.12B
Financing Cash Flow	0.00	-3.34B	-4.14B	-2.83B	1.36B	-1.39B

Dr. Lal PathLabs Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3110.25
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LALPATHLAB, the sentiment is Negative. The current price of 3110.25 is below the 20-day moving average (MA) of 3192.66, below the 50-day MA of 3252.77, and above the 200-day MA of 2891.35, indicating a neutral trend. The MACD of -33.16 indicates Positive momentum. The RSI at 44.25 is Neutral, neither overbought nor oversold. The STOCH value of 49.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LALPATHLAB.

Dr. Lal PathLabs Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
THYROCARE	69 Neutral	₹65.94B	51.62	―	1.69%	22.36%	52.01%
JLHL	67 Neutral	₹101.14B	52.48	―	0.13%	18.34%	15.25%
VIJAYA	67 Neutral	₹102.99B	68.56	―	0.20%	22.34%	20.71%
LALPATHLAB	66 Neutral	₹264.53B	51.28	―	0.77%	10.57%	34.11%
KRSNAA	62 Neutral	₹26.45B	32.84	―	0.33%	13.78%	32.21%
METROPOLIS	61 Neutral	₹100.75B	65.79	―	0.71%	12.86%	10.42%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%