Shilpa Medicare logo

Shilpa Medicare share price

NSE: SHILPAMEDBSE: 530549Pharmaceuticals & BiotechnologySmall Cap

Last close ₹864.30up ₹3.50 (0.41%)BSE ₹862.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹860.80.

52-week range of traded prices to 23 Oct 2026
₹259.50Low, 27 Jan 2026₹1,095.00High, 1 Oct 2026
Market cap
₹16,904 Cr637th largest listed
P/E
56.9
P/E without one-offs
63.4
P/B
6.5
Dividend yield
0.07%
ROE
12.0%
ROE without one-offs
10.8%
ROCE
10.9%
Debt to equity
0.25
Volume, NSE
9,55,72541.8% delivered

Share price

Daily closes since Sep 2007, BSE closes Jan 2007 to Dec 2009, adjusted for splits and bonuses. Earlier closes are left out: on 28 Sep 2007 the price changed in a way no corporate action on record explains.

+136.0%over a year

Results20-session average 8,94,720 shares a day, 44.4% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter. Net profit is left blank for Mar 2020 and Mar 2022: the profit stated for the year is its quarters' profit belonging to the company's shareholders added up, which leaves out the other owners' share those quarters state, so the group's profit is not stated.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 5 Aug

Revenue
₹466 Crup 6.59%
Net profit
₹101 Crdown 6.41%
Net margin
21.7%

Revenue by year

Net profit by year, a loss in red

  • Net profit
  • Loss
A loss in 1 of the 8 years with results on record

The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.

₹ croreSep 2024Filed 14 NovDec 2024Filed 11 FebMar 2025Filed 6 NovJun 2025Filed 13 AugSep 2025Filed 13 NovDec 2025Filed 6 FebMar 2026Filed 22 MayJun 2026Filed 5 Aug
Revenue344319331321370410437466
Net profit183215474445108101
Net margin5.2%10.0%4.4%14.6%11.9%10.9%24.7%21.7%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Pharmaceuticle, which carries all its revenue.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.PE ratio and valuation history

Price to earnings

At or below today's level on 70% of 1,771 trading days since Jun 2017.

LowestHighest
Its median42.2Industry median28.1
Price to book

At or below today's level on 96% of 964 trading days over the last 5 years.

LowestHighest
Its median2.5Industry median2.8
EV to EBITDA36.6

At or below today's level on 94% of 964 trading days over the last 5 years.

LowestHighest
Its median22.7Industry median18.7
Dividend yield

At or below today's level on 32% of 2,480 trading days over the last 10 years.

LowestHighest
Its median0.13%Industry median0.53%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+5.4%+209.5%−66.0%0.2%
3 years+45.1%+88.1%−22.9%0.1%
5 years+16.0%+6.5%+8.8%0.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2021, Mar 2025 and Mar 2026.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters40.13%
  • Foreign institutions12.11%
  • Indian institutions8.26%
  • Individuals and others39.49%
Holder
VISHNUKANT CHATURBHUJ BHUTADAPromoter6.51%
DHARMAVATI BHUTADAPromoter6.35%
RAVI KUMAR INNANIPromoter4.10%
SURAJ KUMAR INANIResident individuals, over ₹2 lakh at face value4.01%
OM PRAKASH INANIPromoter2.93%
DEEPAK KUMAR INNANIPromoter2.80%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

30 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 9 of the 16 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings

Bought for the first time
1
Added
3
Cut
13
Held unchanged
13
Fund
Bandhan Mutual Fund logoBandhan Small Cap FundBandhan Mutual Fund20,49,5410.60%₹214.6 Cr
ICICI Prudential Mutual Fund logoICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund18,14,6571.41%₹190.0 Cr
HDFC Mutual Fund logoHDFC Pharma and Healthcare FundHDFC Mutual Fund10,80,7513.23%₹113.2 Cr
Aditya Birla Sun Life Mutual Fund logoAditya Birla Sun Life Small Cap FundAditya Birla Sun Life Mutual Fund5,54,0770.95%₹58.0 Cr
Trust Mutual Fund logoTrustmf Small Cap FundTrust Mutual Fund3,65,0160.99%₹38.2 Cr
Motilal Oswal Mutual Fund logoMotilal Oswal Nifty Microcap 250 Index FundMotilal Oswal Mutual Fund3,16,1541.37%₹33.1 Cr
Aditya Birla Sun Life Mutual Fund logoAditya Birla Sun Life Manufacturing Equity FundAditya Birla Sun Life Mutual Fund3,14,8652.38%₹33.0 Cr
WhiteOak Capital Mutual Fund logoWhiteOak Capital Mid Cap FundWhiteOak Capital Mutual Fund2,92,0820.41%₹30.6 Cr
Union Mutual Fund logoUnion Small Cap FundUnion Mutual Fund2,37,7770.91%₹24.9 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Exports & Services FundICICI Prudential Mutual Fund2,35,8001.70%₹24.7 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Pharmaceuticals, 216 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Shilpa Medicare in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Neuland Laboratories logoNeuland LaboratoriesNEULANDLAB24,20448.612.931.5+78.3%+182.6%29.3%32.1%0.18%
Rubicon Research logoRubicon ResearchRUBICON23,57881.818.352.2––22.4%25.8%0.11%
Granules India logoGranules IndiaGRANULES21,67932.7––+24.8%+38.1%15.1%15.1%0.22%
Cohance Lifesciences logoCohance LifesciencesCOHANCE17,211162.04.454.8+41.2%−58.5%3.8%3.0%0.00%
Caplin Point Laboratories logoCaplin Point LaboratoriesCAPLIPOINT16,89025.44.720.4+15.0%+17.7%20.7%19.8%0.36%
Pfizer logoPfizerPFIZER16,52522.53.914.2+10.7%−9.1%17.5%21.0%2.08%
Natco Pharma logoNatco PharmaNATCOPHARM15,53413.6––−20.7%−32.6%13.6%8.6%0.57%
Alivus Life Sciences logoAlivus Life SciencesALIVUS15,35425.54.618.3+7.9%+21.7%19.6%22.7%0.40%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹0.60 a share, year to Mar 2026.
Ex-dateTypePer share
4 Sep 2026Final₹0.60
17 Sep 2025Final₹1.00
19 Sep 2022Final₹1.10
20 Sep 2021Final₹1.10
16 Mar 2020Interim₹1.10
12 Sep 2019Final₹1.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

Shilpa Medicare share price by year

Each calendar year to 2025.Shilpa Medicare share price history

YearClose at year endChangeHighest closeLowest close
2025321.15−21.2%492.90301.83
2024407.75+146.9%468.00158.80
2023165.15+18.7%191.35114.10
2022139.18−48.0%296.73134.08
2021267.55+18.8%330.88165.20
2020225.15+59.6%332.68121.98
2019141.05−26.8%206.73105.00
2018192.78−37.7%311.20180.70
2017309.55−10.4%364.03275.60
2016345.45+38.7%387.88186.70
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026860.80883.00838.80864.30862.249,55,72541.8%
22 Oct 2026826.30894.20820.40860.80867.4914,94,65929.5%
21 Oct 2026855.10882.90835.80845.20857.1414,15,25947.0%
19 Oct 2026890.00919.90855.20876.20888.1723,30,46948.3%
16 Oct 2026920.00962.00913.00937.60940.997,22,90642.3%
15 Oct 2026967.90969.50917.50922.10930.268,35,87456.6%
14 Oct 2026973.00984.70953.60962.10967.435,33,99248.4%
13 Oct 20261,018.001,024.00935.00973.60969.7713,26,73546.7%
12 Oct 20261,045.001,046.901,007.601,013.901,026.173,52,03639.3%
9 Oct 20261,025.401,048.20991.401,021.701,017.323,97,77840.6%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
3 Oct 2025Bonus0.5000Holders received 1 bonus share for every 1 held.
6 Nov 2015Split0.5000Each share became 2.
16 Jul 2013Bonus0.6667Holders received 1 bonus share for every 2 held.
28 Sep 2007Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Where an event has no factor that can be worked out, the chart leaves out the closes before it.

Company details

Legal name
Shilpa Medicare Limited
NSE symbol
SHILPAMED
BSE code
530549
ISIN
INE790G01031
Industry
Pharmaceuticals & Biotechnology
Listed
Jun 1995 on BSE, Dec 2009 on NSE
Face value
₹1
CIN
L85110KA1987PLC008739
Corporate identity number, the registrar of companies' code for it