Hikal Ltd Stock Price Today (NSE: HIKAL)

Hikal Ltd

189.96+0.26 (+0.14%)
Market Open

Fundamental Score

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Hikal Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Hikal Ltd share price today is 189.96, up +0.14% on NSE/BSE as of 17 June 2026. Hikal Ltd (HIKAL) is a Small-cap company in the Pharmaceuticals sector with a market capitalisation of 2.80K (Cr). The 52-week high for HIKAL share price is 382.30 and the 52-week low is 146.25. At a P/E ratio of 276.82x, HIKAL is currently trading above its industry average P/E of 31.77x. The company has a Return on Equity (ROE) of 7.38% and a debt-to-equity ratio of 0.57.

Hikal Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
228.00
Low
182.01
Volume
3.4L
Change
+17.44%

Hikal Ltd share price chart: 17.44% return over the past month. 52-week high ₹382.30, 52-week low ₹146.25.

Hikal Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
190.30192.40188.10191.421.80L (Cr)
193.91199.00191.00192.152.63L (Cr)
209.00210.00193.00195.2811.43L (Cr)
221.32221.32221.32221.320.00 (Cr)
218.59228.00218.00221.3210.08L (Cr)
214.01220.37212.30218.055.59L (Cr)
207.10215.00206.39214.064.45L (Cr)
206.00209.80204.88205.341.16L (Cr)
205.98209.36203.65205.501.90L (Cr)
202.40208.35200.20204.692.01L (Cr)

Hikal Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
193.91199.00188.10191.42-1.28%
189.25228.00189.25195.28+3.19%
155.00194.79150.22189.25+22.10%
187.00195.00146.25147.08-21.35%
190.10222.80177.35196.68+3.46%
227.79229.10188.80192.58-15.46%
224.87261.00222.28226.83+0.87%
239.00247.00218.00222.92-6.73%
252.00257.50236.20238.35-5.42%
255.50282.70247.05251.60-1.53%
323.00330.00244.24254.20-21.30%
355.95361.90320.30323.10-9.23%

AI Research Briefing

Powered by Gemini · 2026-04-09

Expensive small-cap recovery play; watch for Q4 results and regulatory risks.

Research Confidence
6.0/10Moderate
DEBT TRAP TURNAROUNDBreakdown - 1M: -5.15%, 3M: -16.05%, 6M: -40.34% [cite: brief].Expensive - P/E of 276.82x vs industry P/E of 31.77x [cite: brief].

WHAT'S HAPPENING NOW (last 2-4 weeks)

Hikal announced that the promoter Sugandha Hiremath and parties acting in concert have confirmed that there are no encumbrances on their shareholding for FY26. The trading window closed on April 1, 2026, and will re-open 48 hours after the declaration of the company's financial results for the quarter and year ended March 31, 2026.

CORE STORY (THE REAL GAME)

Hikal is a small-cap API and specialty chemical manufacturer. The market narrative is a recovery story based on remediation of regulatory issues and improving capacity utilization after a weak H1 FY26.

Why Now
  • Pharma sector growth
  • Q3 FY26 performance
  • No promoter pledging
Potential Catalysts
  • Successful Q4 recovery
  • New order wins in CDMO
  • Further regulatory approvals
Key Risks
  • Small-cap liquidity risk
  • High valuation
  • Weak interest coverage
Institutional Activity

FII decreased holdings by 1.12%, while DII increased holdings by 1.12% [cite: brief].

Macro Context

Indian pharma sector projected to reach $130 billion by 2030.

Cash Flow Quality

No - Free Cash Flow 5Y: ₹232.07 Cr [cite: brief].

3–6 Month Outlook

Monitor Q4 results for confirmation of recovery. Key is regulatory remediation and CDMO pipeline progress.

Primary Thesis Risk

Regulatory issues resurfacing and derailing recovery.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

7.38%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

9.85%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

16.25%

Average operating profit margin over 5 years

Dividend Yield

0.62%

Annual dividend as % of current share price

Hikal Ltd Valuation Check

Poor

Price to Earnings (P/E)

276.82x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

31.77x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

68.85%

% shares held by company founders/management

Poor

FII Holding

4.23%

% shares held by foreign institutional investors

Average

DII Holding

5.15%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Poor

Profit Growth (Quarterly YoY)

-290.71%

Net profit growth vs same quarter last year

Poor

Revenue Growth (Quarterly YoY)

-29.68%

Revenue growth vs same quarter last year

Poor

Revenue Growth (5-Year CAGR)

4.29%

Compounded annual revenue growth over 5 years

Poor

EPS Growth (5-Year CAGR)

-0.94%

Earnings per share growth over 5 years

Poor

Net Profit Growth (5-Year CAGR)

-0.94%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Poor

Debt to Equity Ratio

0.57x

Total debt ÷ equity. Below 0.5 = financially healthy

Poor

Interest Coverage Ratio

1.21x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

232.07 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Hikal Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of HIKAL across key market metrics for learning purposes.

Positive Indicators

4 factors identified

Strong Operating Margins (16.25%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Strong Cash Generation (₹232.07 Cr over 5Y)

Observation: Healthy free cash flow generation supports growth and returns.

Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.

Balanced Promoter Holding (68.85%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

10 factors identified

Below-Average Return on Equity (7.38%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Suboptimal ROCE (9.85%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Premium Valuation Risk (P/E: 276.82x)

Observation: High valuation multiples may limit upside potential.

Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.

Profit Decline Concern (-290.71%)

Observation: Significant year-over-year profit contraction observed.

Analysis: Declining profitability requires investigation into underlying causes.

Revenue Contraction (-29.68%)

Observation: Sales decline may indicate market challenges or competitive pressures.

Analysis: Negative revenue growth requires analysis of market conditions.

Limited Growth History (4.29% CAGR)

Observation: Below-average 5-year sales growth trajectory.

Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.

Weak Earnings Growth (-0.94% CAGR)

Observation: Below-average 5-year EPS growth performance.

Analysis: Low EPS growth may not keep pace with inflation.

Stagnant Profit Growth (-0.94% CAGR)

Observation: Limited 5-year profit growth trajectory.

Analysis: Low profit growth may indicate scalability challenges or market maturity.

Weak Interest Coverage (1.21x)

Observation: Limited ability to service debt obligations from earnings.

Analysis: Low interest coverage raises concerns about financial stability.

Limited Institutional Interest (FII+DII: 9.38%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

Hikal Ltd vs Pharmaceuticals Peers

Peer Comparison - Pharmaceuticals

Compare Hikal Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
20.6/100
190
₹2795.86
276.8
Average
7.38%
Poor
9.85%
Poor
0.6
Good
-0.94%
Poor
4.29%
Average
0.62%
65.2/100
1844
₹433738.68
37.6
Average
16.86%
Good
20.21%
Excellent
0.1
Excellent
23.78%
Excellent
9.87%
Good
0.89%
67.9/100
6798
₹170445.88
68.6
Average
15.35%
Good
20.44%
Excellent
0.0
Excellent
10.41%
Good
11.65%
Good
0.47%
65.3/100
4538
₹126430.62
58.4
Average
26.52%
Excellent
27.05%
Excellent
0.3
Excellent
13.84%
Good
7.72%
Good
0.86%
Cipla Ltd...
CIPLA500087
59/100
1418
₹123059.76
22.6
Average
17.77%
Good
22.72%
Excellent
0.0
Excellent
28.68%
Excellent
9.97%
Good
0.85%
59.2/100
1319
₹105224.96
18.2
Average
17.96%
Good
22.69%
Excellent
0.2
Excellent
22.28%
Excellent
13.26%
Good
0.63%
Lupin Ltd...
LUPIN500257
66.7/100
2276
₹95148.15
22.0
Average
20.62%
Excellent
21.30%
Excellent
0.3
Excellent
54.88%
Excellent
8.11%
Good
0.58%
68.7/100
957
₹94253.78
18.7
Average
21.21%
Excellent
24.31%
Excellent
0.4
Excellent
25.92%
Excellent
10.27%
Good
1.17%
50.6/100
2420
₹92012.53
52.6
Average
14.68%
Average
15.98%
Good
0.6
Good
11.73%
Good
15.79%
Excellent
0.04%
28.8/100
1436
₹70798.69
20.7
Average
11.08%
Average
14.18%
Average
0.2
Excellent
3.87%
Average
6.55%
Good
0.33%
59.5/100
5452
₹67075.29
28.5
Average
19.39%
Good
20.38%
Excellent
0.2
Excellent
13.93%
Good
9.21%
Good
0.80%

Hikal Ltd PE Ratio History

Historical price-to-earnings ratio for HIKAL — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 20257.36₹226.8330.8x
FY 20245.64₹390.5069.2x
FY 20236.36₹303.9547.8x
FY 202213.02₹410.1031.5x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Hikal Ltd Dividend History

Annual cash dividends paid by HIKAL — dividend yield 0.62%

Financial YearDividends Paid (₹ Cr)
FY 202514.80 Cr
FY 202414.80 Cr
FY 202312.33 Cr
FY 202227.13 Cr

Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.

Hikal Ltd Quarterly Performance

Latest quarterly metrics for HIKAL — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

-29.68%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

-290.71%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

4.29%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

-0.94%

Compounded annual net profit growth over 5 years

Hikal Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for HIKAL — calculated from daily price history

57RSI 14
Neutral — RSI 57

Momentum is balanced — neither overbought nor oversold.

SMA 50
187
▲ Price above SMA 50 — Short-term bullish
SMA 200
221
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
316K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Hikal Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Hikal Ltd (HIKAL) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Hikal Ltd

About HIKAL (Hikal Ltd)

Hikal Ltd is a dynamic and innovative pharmaceutical company carving a distinct niche within the global healthcare landscape. Focusing on the intricate synthesis and production of ...specialized chemical compounds, Hikal caters to a diverse spectrum of industries, ranging from pharmaceutical giants developing life-saving medications to pioneering biotechnology firms exploring novel therapies. The company's expertise lies in its ability to meticulously craft chemical intermediates, which serve as the vital building blocks for more complex pharmaceutical formulations and specialty chemicals. Hikal is known for its agility and commitment to delivering high-quality products that meet the stringent requirements of regulated markets, bolstering its reputation as a trusted partner for companies seeking reliable and innovative solutions. Strategically structured into two key operational pillars – Pharmaceuticals and Crop Protection – Hikal optimizes its resources and expertise to address distinct market demands. The Pharmaceutical segment is the core of the company, focusing on research, development, and manufacturing of active pharmaceutical ingredients (APIs) and advanced intermediates. This segment has a wide portfolio of products that are sold to regulated markets across the globe. The Crop Protection segment is a strong growth pillar that manufactures herbicides and pesticides and has seen strong demand. The company is committed to developing sustainable and environmentally friendly products. Hikal leverages its profound understanding of chemical processes and regulatory frameworks to offer a comprehensive suite of services that span the entire product lifecycle. This integrated approach, combined with its state-of-the-art manufacturing facilities and a dedicated team of skilled scientists and engineers, enables Hikal to consistently deliver innovative and customized solutions to its clients. By prioritizing quality, efficiency, and sustainability in all its operations, Hikal is solidifying its position as a valuable partner within the global pharmaceutical and crop protection industries, contributing to the advancement of healthcare and agriculture worldwide.

Company Details

Symbol:HIKAL
Industry:Pharmaceuticals
Sector:Pharmaceuticals

Key Leadership

Mr. Jai Vishwanath Hiremath
Founder & Executive Chairman
Mr. Sameer Jai Hiremath
MD & Vice Chairman
Mr. Kuldeep Jain
Chief Financial Officer

HIKAL Share Price: Frequently Asked Questions

What is the current share price of Hikal Ltd?

Hikal Ltd (HIKAL) trades at ₹189.96 on NSE and BSE. Market cap ₹2.80K (Cr). Educational data only.

What is the P/E ratio of Hikal Ltd?

Hikal Ltd has a P/E of 276.82x vs industry average 31.77x.

What is the Bull Run score for Hikal Ltd?

Hikal Ltd has a Bull Run score of 20.6/100 based on 25+ financial parameters.

Does Hikal Ltd pay dividends?

Hikal Ltd has a dividend yield of 0.62%. Past dividends don't guarantee future payments.

What is the ROE of Hikal Ltd?

Hikal Ltd has ROE of 7.38%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Hikal Ltd?

Hikal Ltd has debt-to-equity of 0.57.

Is Hikal Ltd a good investment?

Bull Run gives Hikal Ltd a score of 20.6/100. This is not investment advice — consult a SEBI-registered advisor.