Why is Indrayani Biotech Ltd ?
1
Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 8.07%
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 18.52 times
2
Flat results in Dec 25
- PBT LESS OI(Q) At Rs -0.69 cr has Fallen at -260.47%
- INVENTORY TURNOVER RATIO(HY) Lowest at 3.08 times
- DEBTORS TURNOVER RATIO(HY) Lowest at 2.13 times
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -19.13% returns in the last 1 year, the stock has also underperformed BSE500 in each of the last 3 annual periods
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Agricultural Products)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Indrayani Biotec for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Indrayani Biotec
-19.13%
-0.30
63.36%
Sensex
-8.95%
-0.66
13.60%
Quality key factors
Factor
Value
Sales Growth (5y)
45.56%
EBIT Growth (5y)
20.44%
EBIT to Interest (avg)
1.67
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
1.70
Sales to Capital Employed (avg)
0.97
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
24.82%
Institutional Holding
3.13%
ROCE (avg)
7.73%
ROE (avg)
10.97%
Valuation Key Factors 
Factor
Value
P/E Ratio
49
Industry P/E
41
Price to Book Value
1.11
EV to EBIT
77.92
EV to EBITDA
29.57
EV to Capital Employed
1.04
EV to Sales
1.49
PEG Ratio
0.42
Dividend Yield
NA
ROCE (Latest)
1.34%
ROE (Latest)
2.28%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Mildly Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
Technical Movement
11What is working for the Company
NET SALES(Q)
At Rs 35.01 cr has Grown at 102.14%
PAT(Latest six months)
Higher at Rs 0.46 cr
-13What is not working for the Company
PBT LESS OI(Q)
At Rs -0.69 cr has Fallen at -260.47%
INVENTORY TURNOVER RATIO(HY)
Lowest at 3.08 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 2.13 times
DEBT-EQUITY RATIO(HY)
Highest at 1.93 times
INTEREST(Q)
Highest at Rs 2.47 cr
Loading Valuation Snapshot...
Here's what is working for Indrayani Biotec
Net Sales - Quarterly
At Rs 35.01 cr has Grown at 102.14%
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Profit After Tax (PAT) - Latest six months
Higher at Rs 0.46 cr
than preceding 12 month period ended Dec 2025 of Rs -6.91 crMOJO Watch
In the half year the company has already crossed PAT of the previous twelve months
PAT (Rs Cr)
Here's what is not working for Indrayani Biotec
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs -0.69 cr has Fallen at -260.47%
Year on Year (YoY)MOJO Watch
Near term PBT trend is very negative
PBT less Other Income (Rs Cr)
Interest - Quarterly
At Rs 2.47 cr has Grown at 30.69%
Quarter on Quarter (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Inventory Turnover Ratio- Half Yearly
Lowest at 3.08 times and Fallen
each half year in the last five half yearly periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Debtors Turnover Ratio- Half Yearly
Lowest at 2.13 times and Fallen
each half year in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio
Interest - Quarterly
Highest at Rs 2.47 cr
in the last five quarters and Increased by 30.69 % (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Debt-Equity Ratio - Half Yearly
Highest at 1.93 times
in the last five half yearly periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
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