Hikal

Which are the latest news on Hikal?

Why is Hikal Ltd falling/rising?

As of 10-Jun, Hikal Ltd's stock price is declining, currently at 178.00, reflecting a significant underperformance compared to the Sensex and a substantial drop of 52.76% over the past year. Weak fundamentals, high debt levels, and reduced institutional investment contribute to the negative outlook for the company.

As of 10-Jun, Hikal Ltd's stock price is falling, currently at 178.00, which reflects a decrease of 3.4 or 1.87%. The stock has underperformed significantly compared to the benchmark Sensex, with a 1-week decline of 5.34% and a 1-month decline of 15.60%. Over the past year, the stock has experienced a substantial drop of 52.76%, while the Sensex has only decreased by 10.21% during the same period.<BR><BR>The company's performance metrics indicate weak long-term fundamental strength, with a compound annual growth rate (CAGR) of operating profits declining by 24.95% over the last five years. Additionally, Hikal Ltd has a high Debt to EBITDA ratio of 3.10 times, indicating a low ability to service its debt. The Return on Equity (ROE) averages only 7.60%, suggesting low profitability per unit of shareholders' funds.<BR><BR>Despite some positive results reported, such as a significant increase in profit before tax and a low debt-equity ratio, these factors are overshadowed by the overall poor performance and falling participation from institutional investors, who have reduced their stake by 0.73% in the previous quarter. This decline in institutional interest reflects a lack of confidence in the company's future prospects.<BR><BR>Overall, the combination of underperformance in both short-term and long-term metrics, high debt levels, and declining institutional investment contributes to the falling stock price of Hikal Ltd.

What does Hikal do?

Hikal Ltd is a small-cap company in the Pharmaceuticals & Biotechnology sector, specializing in chemical intermediates, specialty chemicals, and active pharma ingredients. As of March 2026, it reported net sales of 519 Cr and a net profit of 14 Cr, with a market cap of INR 2,232 Cr.

Overview:<BR>Hikal Ltd is a small-cap company in the Pharmaceuticals & Biotechnology industry, engaged in the manufacturing of chemical intermediates, specialty chemicals, active pharma ingredients, and contract research activities.<BR><BR>History:<BR>Hikal Limited was incorporated on July 8, 1988. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 519 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 14 Cr (Quarterly Results - Mar 2026)<BR>- Market cap: INR 2,232 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 61.00<BR>- Industry P/E: 34<BR>- Dividend Yield: 0.55%<BR>- Debt Equity: 0.56<BR>- Return on Equity: 3.03%<BR>- Price to Book: 1.87<BR><BR>Contact Details:<BR>Address: 717/718 Maker Chamber V, 7th Floor Nariman Point Mumbai Maharashtra : 400021<BR>Tel: 91-022-3926 7100/62770477<BR>Email: secretarial@hikal.com/info@hikal.co<BR>Website: http://www.hikal.com

Should I buy, sell or hold Hikal Ltd?

Are Hikal Ltd latest results good or bad?

Hikal Ltd's latest results are largely negative, showing a 71.31% year-on-year decline in net profit and a 5.97% decrease in revenue, despite a modest quarter-on-quarter improvement. The company faces challenges, particularly in its crop protection segment, and its stock has underperformed significantly over the past year.

Hikal Ltd's latest results present a mixed picture, leaning towards the negative. In Q4 FY26, the company reported a net profit of ₹14.40 crores, which, while an improvement from a loss of ₹5.90 crores in the previous quarter, reflects a significant decline of 71.31% year-on-year from ₹50.20 crores. Revenue for the quarter was ₹519.40 crores, showing a modest quarter-on-quarter increase of 5.08% but a year-on-year decrease of 5.97%.<BR><BR>The operating margin improved to 20.39% from 16.85% in the previous quarter, but this is still down 204 basis points compared to the same quarter last year. Overall, the company is facing challenges, particularly in its crop protection segment, which has been affected by subdued global demand.<BR><BR>Additionally, Hikal's stock has underperformed significantly over the past year, declining by 40.92%, compared to a 6.97% fall in the Sensex. This underperformance raises concerns about the company's ability to navigate the current market conditions effectively.<BR><BR>In summary, while there are some signs of sequential recovery, the year-on-year declines in both profit and revenue, along with ongoing operational challenges, suggest that the latest results are not favorable overall.

When is the next results date for Hikal Ltd?

The next results date for Hikal Ltd is 27 May 2026.

The next results date for Hikal Ltd is scheduled for 27 May 2026.

Has Hikal Ltd declared dividend?

Yes, Hikal Ltd has declared a dividend of 10% (0.8 per share) with an ex-date of February 17, 2026. Despite the dividend, the company has experienced significant price declines over various periods, resulting in modest total returns.

Hikal Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 0.8<BR>- Ex-date: 17 Feb 26<BR><BR>Dividend Yield: 0.37%.<BR><BR>Total Returns by Period:<BR>In the last 3 months, Hikal Ltd experienced a price return of -11.18%, a dividend return of 0.08%, resulting in a total return of -11.1%.<BR><BR>Over the past 6 months, the company saw a price return of -16.63%, a dividend return of 0.39%, leading to a total return of -16.24%.<BR><BR>In the 1-year period, Hikal Ltd reported a price return of -39.05%, a dividend return of 0.29%, culminating in a total return of -38.76%.<BR><BR>For the 2-year period, the price return was -23.52%, with a dividend return of 0.78%, resulting in a total return of -22.74%.<BR><BR>In the 3-year timeframe, the company had a price return of -35.23%, a dividend return of 1.13%, which gave a total return of -34.1%.<BR><BR>Over the last 4 years, Hikal Ltd experienced a price return of -49.8%, a dividend return of 1.25%, leading to a total return of -48.55%.<BR><BR>Finally, in the 5-year period, the company achieved a price return of 27.87%, a dividend return of 4.15%, resulting in a total return of 32.02%.<BR><BR>Overall, while Hikal Ltd has declared a dividend, the total returns over various periods indicate significant price declines, particularly in the shorter terms, despite some recovery in the longer term. The dividend yield remains modest in comparison to the price performance.

Is Hikal overvalued or undervalued?

As of December 4, 2025, Hikal's valuation has shifted from attractive to fair, with a high PE ratio of 309.11 and significant underperformance at -35.04% year-to-date, indicating concerns about its growth prospects compared to peers like Sun Pharma and Cipla.

As of 4 December 2025, Hikal's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 309.11, an EV to EBITDA of 16.62, and a Price to Book Value of 2.61. In comparison to peers, Sun Pharma has a PE ratio of 37.78 and an EV to EBITDA of 24.99, while Cipla is rated attractive with a PE of 22.58 and an EV to EBITDA of 15.98, highlighting Hikal's significant overvaluation relative to its competitors.<BR><BR>Despite its fair valuation, Hikal has underperformed in the market, with a year-to-date return of -35.04% compared to the Sensex's 9.12%. This underperformance, coupled with a high PEG ratio of 0.00 and low ROE of 0.85%, suggests that investors may be cautious about the company's growth prospects moving forward.

Is Hikal technically bullish or bearish?

As of December 3, 2025, Hikal's technical trend is mildly bearish, with mixed signals from indicators like the MACD and Bollinger Bands, suggesting a cautious outlook in the short term.

As of 3 December 2025, the technical trend for Hikal has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The weekly MACD is mildly bullish, but the monthly MACD remains bearish, indicating mixed signals. The Bollinger Bands and moving averages are both mildly bearish on the weekly and daily time frames. The KST shows a mildly bullish signal on the weekly, while the monthly remains bearish. The Dow Theory also reflects a mildly bullish stance on the weekly but is bearish on the monthly. Overall, the indicators suggest a cautious outlook with a slight bearish bias in the short term.

How has been the historical performance of Hikal?

Hikal's historical performance shows mixed results, with net sales peaking at 2,023.03 Cr in Mar'23 before declining to 1,859.80 Cr in Mar'25, while operating profit increased slightly to 333.40 Cr in Mar'25, despite decreases in profit before and after tax. Total assets and liabilities rose to 2,528.90 Cr in Mar'25, and cash flow from operating activities improved to 280.00 Cr.

Answer:<BR>The historical performance of Hikal shows a mixed trend in its financial metrics over the years.<BR><BR>Breakdown:<BR>Hikal's net sales have fluctuated, with a peak of 2,023.03 Cr in Mar'23, followed by a decline to 1,859.80 Cr in Mar'25. The total operating income mirrored this trend, reaching 2,023.03 Cr in Mar'23 and decreasing to 1,859.80 Cr in Mar'25. Raw material costs rose to 882.60 Cr in Mar'25 from 781.90 Cr in Mar'20, while total expenditure (excluding depreciation) decreased to 1,531.40 Cr in Mar'25 from 1,765.96 Cr in Mar'23. Operating profit (PBDIT) saw a slight increase to 333.40 Cr in Mar'25 from 262.48 Cr in Mar'23, although profit before tax dropped to 123.80 Cr in Mar'25 from 105.37 Cr in Mar'23. Profit after tax also decreased to 90.80 Cr in Mar'25 from 78.39 Cr in Mar'23. The company's total assets increased to 2,528.90 Cr in Mar'25 from 2,385.48 Cr in Mar'23, while total liabilities rose to 2,528.90 Cr in Mar'25 from 2,385.48 Cr in Mar'23. Cash flow from operating activities improved to 280.00 Cr in Mar'25 from 186.00 Cr in Mar'24, indicating a positive trend in cash generation. Overall, Hikal's financial performance reflects both challenges and improvements across various metrics over the years.

Who are the top shareholders of the Hikal?

The top shareholders of Hikal include Kalyani Investment Company Limited with 31.36%, followed by 76 Foreign Institutional Investors holding 5.69%, and mutual funds with a combined 2.93%. Individual investors own 16.57%, with Tata Mutual Fund - Tata Small Cap Fund being the largest public shareholder at 2.68%.

The top shareholders of Hikal include the promoters, who hold the majority of the shares. The promoter with the highest holding is Kalyani Investment Company Limited, which owns 31.36% of the company. Additionally, there are 76 Foreign Institutional Investors (FIIs) holding 5.69%, and mutual funds are represented by 7 schemes with a combined holding of 2.93%. The highest public shareholder is Tata Mutual Fund - Tata Small Cap Fund, which holds 2.68%. Individual investors collectively own 16.57% of the shares.

Who are in the management team of Hikal?

As of March 2023, Hikal's management team includes Jai Hiremath (Executive Chairman), Sameer Hiremath (Managing Director), and several non-executive and independent directors, overseeing the company's operations and strategic direction.

As of March 2023, the management team of Hikal includes the following individuals:<BR><BR>1. Jai Hiremath - Executive Chairman<BR>2. Sameer Hiremath - Managing Director<BR>3. Baba Kalyani - Non-Executive & Non-Independent Director<BR>4. Kannan Unni - Non-Executive & Independent Director<BR>5. Sugandha Hiremath - Non-Executive & Non-Independent Director<BR>6. Prakash V Mehta - Non-Executive & Independent Director<BR>7. Amit B Kalyani - Non-Executive & Non-Independent Director<BR>8. Ranjit Shahani - Non-Executive & Independent Director<BR>9. Shivani Bhasin Sachdeva - Non-Executive & Independent Director<BR>10. Rajasekhar Reddy - Company Secretary & Compliance Officer<BR>11. Shrikrishna K. Adivarekar - Independent Director<BR>12. Berjis Minoo Desai - Independent Director<BR>13. V R Kaundinya - Independent Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

how big is Hikal?

As of October 2023, Hikal Ltd has a market capitalization of 4,609.00 Cr, with recent net sales of 1,859.80 Cr and a net profit of 90.80 Cr over the last four quarters. Shareholder's funds are 1,187.66 Cr, and total assets amount to 2,487.15 Cr as of March 2024.

Market Cap: Hikal Ltd has a market capitalization of 4,609.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes Mar'25, Dec'24, Sep'24, and Jun'24, is 1,859.80 Cr. The sum of Net Profit for the same period is 90.80 Cr. This data is Consolidated.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the latest annual period ending in Mar'24. Shareholder's Funds are reported at 1,187.66 Cr, while Total Assets amount to 2,487.15 Cr.

What is the bonus history of the Hikal?

Hikal Ltd announced a 1:2 bonus issue on June 22, 2018, with a record date of June 25, 2018, meaning shareholders received one additional share for every two shares held.

Hikal Ltd has a bonus history that includes a 1:2 bonus issue announced on June 22, 2018. The record date for this bonus was June 25, 2018. This means that for every two shares held, shareholders received one additional share as a bonus.

Who are the peers of the Hikal?

Hikal's peers include Sun Pharma, Divi's Lab, Cipla, Torrent Pharma, Dr Reddy's Labs, Aarti Drugs, Dishman Carbogen, Unichem Labs, and Gufic BioScience. In terms of performance, Divi's Lab leads with a 1-year return of 51.69%, while Hikal has a return of 31.90%.

Peers: The peers of Hikal are Sun Pharma.Inds., Divi's Lab., Cipla, Torrent Pharma, Dr Reddy's Labs, Aarti Drugs, Dishman Carbogen, Unichem Labs., and Gufic BioScience.<BR><BR>Quality Snapshot: Excellent management risk is observed at Sun Pharma.Inds., Cipla, Dr Reddy's Labs, Aarti Drugs, and Gufic BioScience, while Good management risk is found at Divi's Lab., Torrent Pharma, Hikal, and the rest. Growth is Excellent for Sun Pharma.Inds., Cipla, and Dr Reddy's Labs, while Below Average growth is noted for Divi's Lab., Torrent Pharma, Hikal, Aarti Drugs, Dishman Carbogen, and the rest. In terms of Capital Structure, Excellent ratings are given to Sun Pharma.Inds., Divi's Lab., Cipla, and Dr Reddy's Labs, while Average is noted for Hikal, and Good for Torrent Pharma, Aarti Drugs, Unichem Labs., and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Divi's Lab. at 51.69%, while the lowest is Aarti Drugs at -3.71%. Hikal's own 1-year return is 31.90%, which is significantly higher than Aarti Drugs but lower than Divi's Lab. Additionally, Dishman Carbogen, Unichem Labs., and Gufic BioScience have negative six-month returns.