HIKAL LIMITED (HIKAL) financials

HIKAL LIMITED (HIKAL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Market Cap: ₹2,679Cr.
Current Price: ₹217
Stock P/E: 62.7
ROE: 2.22%
ROCE: 3.51%
Book Value: ₹97.2
Dividend Yield: 0.28%
52W High / Low: ₹261/146

In Jun 2026, HIKAL LIMITED (HIKAL) reported sales ₹402.80 Cr and net profit ₹-7.50 Cr.

Annual TTM: sales ₹1,735 Cr, net profit ₹-34 Cr.

Shareholding: Promoters 68.85% (Sep 2026), FIIs 1.28% (Sep 2026), DIIs 5.31% (Sep 2026), Public 24.57% (Sep 2026), No. of Shareholders 74,784% (Sep 2026).

HIKAL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	452.90	447.70	552.40	380.40	318.50	494.30	519.40	402.80
Expenses	378.20	375.50	428.90	355.60	311.10	411.60	413.80	365.90
Operating Profit	74.70	72.20	123.50	24.80	7.40	82.70	105.60	36.90
OPM %	16.49%	16.13%	22.36%	6.52%	2.32%	16.73%	20.33%	9.16%
Other Income	0.40	3.60	0.50	1.00	1.90	-35.20	-40.50	10.70
Interest	18.80	18.70	17.90	17.10	14.90	15.50	14.60	14.90
Depreciation	31.70	33.20	37.70	39.40	41.20	41.20	42.00	42.70
Profit before tax	24.60	23.90	68.40	-30.70	-46.80	-9.20	8.50	-10.00
Tax %	26.42%	27.62%	26.46%	-26.06%	-25.85%	-35.87%	-71.76%	-25.00%
Net Profit	18.10	17.30	50.30	-22.70	-34.70	-5.90	14.60	-7.50
EPS in Rs	1.47	1.40	4.08	-1.84	-2.81	-0.48	1.18	-0.61
Raw PDF	—	—	—	—	—	—	—	—

HIKAL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,507	1,720	1,943	2,023	1,785	1,860	1,713	1,735
Expenses	1,234	1,398	1,602	1,765	1,518	1,531	1,492	1,502
Operating Profit	273	323	341	258	267	328	220	233
OPM %	18%	19%	18%	13%	15%	18%	13%	13%
Other Income	-12	5	5	5	2	5	-73	-63
Interest	52	36	31	48	56	75	62	60
Depreciation	82	85	96	109	118	134	164	167
Profit before tax	127	206	219	105	95	124	-78	-58
Tax %	33%	36%	27%	26%	27%	27%	-38%	—
Net Profit	84	133	161	78	70	91	-49	-34
EPS in Rs	6.85	10.80	13.02	6.36	5.64	7.37	-3.95	-2.72
Dividend Payout %	18%	19%	12%	19%	21%	19%	-15%	—

HIKAL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	25	25	25	25	25	25	25	25
Reserves	732	792	909	1,043	1,109	1,163	1,238	1,174
Borrowings	661	646	610	675	748	818	765	684
Other Liabilities	268	306	370	470	504	482	502	483
Total Liabilities	1,686	1,768	1,913	2,213	2,385	2,487	2,529	2,365
Fixed Assets	713	735	713	879	948	1,071	1,364	1,333
CWIP	79	161	254	295	412	414	121	94
Investments	1	1	1	11	5	5	10	10
Other Assets	893	871	946	1,028	1,020	997	1,034	928
Total Assets	1,686	1,768	1,913	2,213	2,385	2,487	2,529	2,365

HIKAL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	186	285	229	294	315	187	280	302
Cash from Investing Activity	-125	-164	-156	-284	-292	-174	-136	-145
Cash from Financing Activity	-55	-101	-97	-6	-8	-27	-144	-160
Net Cash Flow	6	20	-24	4	15	-14	0	-3
Free Cash Flow	57	127	71	21	13	-17	144	154
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	73%	113%	85%	107%	134%	81%	94%	144%

HIKAL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	68.85%	68.85%	68.85%	68.85%	68.85%	68.85%	68.85%	68.85%
FIIs	6.06%	5.70%	5.35%	4.23%	2.31%	1.44%	0.98%	1.28%
DIIs	3.48%	3.80%	4.03%	5.15%	7.05%	7.20%	7.23%	5.31%
Public	21.61%	21.65%	21.76%	21.75%	21.78%	22.51%	22.92%	24.57%
No. of Shareholders	71,801	68,907	71,391	73,404	74,117	74,270	73,527	74,784

HIKAL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	80	82	103	82	80	113	103	94
Inventory Days	156	147	107	121	104	134	146	172
Days Payable	68	95	92	91	103	123	133	128
Cash Conversion Cycle	168	135	118	112	81	124	116	138
Working Capital Days	45	28	39	26	39	39	37	41
ROCE %	15%	14%	16%	15%	8%	8%	10%	4%

HIKALUpdated 21 Oct 2026, 1:38

Hikal Limited

HIKALUpdated 21 Oct 2026, 1:38

Market Cap

₹2,679Cr.

Current Price

₹217

High / Low

₹261/146

Stock P/E

62.7

ROE2.22%

ROCE3.51%

Book Value₹97.2

Face Value₹2.00

Dividend Yield0.28%

About

Hikal is a partner to companies in the Pharmaceuticals, Crop Protection, and Specialty Chemicals industry. The company is in the business of supplying research services, active ingredients and intermediates for its customers. Hikal's manufacturing facilities have been inspected and approved by leading multinational companies in the Crop protection and Pharmaceutical sectors. The Crop protection facilities are located at Taloja and Mahad {Maharashtra). The Pharmaceutical manufacturing facilities are situated in Jigani (Bengaluru) and Panoli (Gujarat). Hikal's R & D facilities are located in Pune.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	388	13.8	337.7	0.9	27.7	9.7	28.87	6.9	0.56
Sep 2023	434.9	13.1	377.4	1	28.6	16.8	25.6	12.5	1.01
Dec 2023	447.5	14.2	382.7	0.1	29	21.7	25.35	16.2	1.31
Mar 2024	514.1	15.3	419.8	0.5	32.3	47.2	28.39	33.8	2.74
Jun 2024	406.8	19.8	348.7	0.5	31.8	7	25.71	5.2	0.42
Sep 2024	452.9	18.8	378.2	0.4	31.7	24.6	26.42	18.1	1.47
Dec 2024	447.7	18.7	375.5	3.6	33.2	23.9	27.62	17.3	1.4
Mar 2025	552.4	17.9	428.9	0.5	37.7	68.4	26.46	50.3	4.08
Jun 2025	380.4	17.1	355.6	1	39.4	-30.7	-26.06	-22.7	-1.84
Sep 2025	318.5	14.9	311.1	1.9	41.2	-46.8	-25.85	-34.7	-2.81
Dec 2025	494.3	15.5	411.6	-35.2	41.2	-9.2	-35.87	-5.9	-0.48
Mar 2026	519.4	14.6	413.8	-40.5	42	8.5	-71.76	14.6	1.18
Jun 2026	402.8	14.9	365.9	10.7	42.7	-10	-25	-7.5	-0.61

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	872	60	689	2	64	60	32	41	3.29
Mar 2016	926	62	745	2	67	53	22	41	3.35
Mar 2017	1014	48	814	1	69	83	15	71	5.73
Mar 2018	1296	49	1054	4	86	112	31	77	6.26
Mar 2019	1590	58	1291	2	93	149	31	103	8.36
Mar 2020	1507	52	1234	-12	82	127	33	84	6.85
Mar 2021	1720	36	1398	5	85	206	36	133	10.8
Mar 2022	1943	31	1602	5	96	219	27	161	13.02
Mar 2023	2023	48	1765	5	109	105	26	78	6.36
Mar 2024	1785	56	1518	2	118	95	27	70	5.64
Mar 2025	1860	75	1531	5	134	124	27	91	7.37
Mar 2026	1713	62	1492	-73	164	-78	-38	-49	-3.95
TTM	1735	60	1502	-63	167	-58	—	-34	-2.72

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	68.85%
FIIs	1.28%
DIIs	5.31%
Public	24.57%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	68.85%	6.14%	3.15%	21.85%
Mar 2024	68.85%	6.55%	3.53%	21.06%
Jun 2024	68.85%	6.66%	3.17%	21.32%
Sep 2024	68.85%	6.78%	3.58%	20.79%
Dec 2024	68.85%	6.06%	3.48%	21.61%
Mar 2025	68.85%	5.7%	3.8%	21.65%
Jun 2025	68.85%	5.35%	4.03%	21.76%
Sep 2025	68.85%	4.23%	5.15%	21.75%
Dec 2025	68.85%	2.31%	7.05%	21.78%
Mar 2026	68.85%	1.44%	7.2%	22.51%
Jun 2026	68.85%	0.98%	7.23%	22.92%
Sep 2026	68.85%	1.28%	5.31%	24.57%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	16	517	547	212	1293	639	62	3	589	1293
Mar 2016	16	548	505	206	1276	623	66	3	584	1276
Mar 2017	16	589	598	177	1379	668	63	4	645	1379
Mar 2018	16	653	635	237	1542	634	118	3	788	1542
Mar 2019	25	732	661	268	1686	713	79	1	893	1686
Mar 2020	25	792	646	306	1768	735	161	1	871	1768
Mar 2021	25	909	610	370	1913	713	254	1	946	1913
Mar 2022	25	1043	675	470	2213	879	295	11	1028	2213
Mar 2023	25	1109	748	504	2385	948	412	5	1020	2385
Mar 2024	25	1163	818	482	2487	1071	414	5	997	2487
Mar 2025	25	1238	765	502	2529	1364	121	10	1034	2529
Mar 2026	25	1174	684	483	2365	1333	94	10	928	2365

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	102	-43	-69	-10
Mar 2016	186	-64	-124	-2
Mar 2017	163	-103	-63	-2
Mar 2018	139	-110	-25	4
Mar 2019	186	-125	-55	6
Mar 2020	285	-164	-101	20
Mar 2021	229	-156	-97	-24
Mar 2022	294	-284	-6	4
Mar 2023	315	-292	-8	15
Mar 2024	187	-174	-27	-14
Mar 2025	280	-136	-144	0
Mar 2026	302	-145	-160	-3

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	54	44	92	81	80	82	103	82	80	113	103	94
Inventory Days	268	229	189	158	156	147	107	121	104	134	146	172
Days Payable	117	101	93	86	68	95	92	91	103	123	133	128
Cash Conversion Cycle	205	173	188	153	168	135	118	112	81	124	116	138
Working Capital Days	-13	29	43	29	45	28	39	26	39	39	37	41
ROCE %	11%	11%	12%	13%	15%	14%	16%	15%	8%	8%	10%	4%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of HIKAL LIMITED (HIKAL)?

The reported market capitalisation for HIKAL LIMITED (HIKAL) is ₹2,679Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of HIKAL?

The current price shown for HIKAL LIMITED (HIKAL) on Fincrux is ₹217 with a 52-week high/low of ₹261/146.

What is the P/E ratio of HIKAL LIMITED (HIKAL)?

The stock P/E for HIKAL LIMITED (HIKAL) is 62.7 on Fincrux, with ROE at 2.22% and ROCE at 3.51%.

What were HIKAL latest quarterly results?

For Jun 2026, HIKAL LIMITED (HIKAL) reported sales ₹402.80 Cr and net profit ₹-7.50 Cr (figures in ₹ crore unless noted).

What are HIKAL annual sales and net profit?

For TTM, HIKAL LIMITED (HIKAL) shows sales of ₹1,735 Cr and net profit of ₹-34 Cr on the Fincrux profit & loss statement.

Who owns HIKAL LIMITED (HIKAL)?

Latest shareholding for HIKAL LIMITED (HIKAL) on Fincrux: Promoters 68.85% (Sep 2026), FIIs 1.28% (Sep 2026), DIIs 5.31% (Sep 2026), Public 24.57% (Sep 2026), No. of Shareholders 74,784% (Sep 2026).

Where can I find HIKAL LIMITED (HIKAL) financials?

HIKAL LIMITED (HIKAL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show HIKAL balance sheet and cash flow?

Yes. The HIKAL LIMITED (HIKAL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 21 October 2026 at 1:38