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Indoco Remedies Ltd
NSE:INDOCO

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Indoco Remedies Ltd
NSE:INDOCO
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Price: 208.99 INR 1.28%
Market Cap: ₹19.3B

P/S

1.1
Current
36%
Cheaper
vs 3-y average of 1.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.1
=
Market Cap
₹18.7B
/
Revenue
₹17.6B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.1
=
Market Cap
₹18.7B
/
Revenue
₹17.6B

Valuation Scenarios

Indoco Remedies Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (1.7), the stock would be worth ₹327.91 (57% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+242%
Average Upside
132%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.1 ₹208.99
0%
3-Year Average 1.7 ₹327.91
+57%
5-Year Average 2.1 ₹400.77
+92%
Industry Average 3.8 ₹715.73
+242%
Country Average 2.6 ₹498.59
+139%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
₹18.7B
/
Jan 2026
₹17.6B
=
1.1
Current
₹18.7B
/
Mar 2026
₹17.8B
=
1.1
Forward
₹18.7B
/
Mar 2027
₹20.7B
=
0.9
Forward
₹18.7B
/
Mar 2028
₹23.3B
=
0.8
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
IN
Indoco Remedies Ltd
NSE:INDOCO
19.3B INR 1.1 -16.9
US
Eli Lilly and Co
NYSE:LLY
820.3B USD 12.6 39.7
US
Johnson & Johnson
NYSE:JNJ
542.6B USD 5.6 25.8
CH
Roche Holding AG
SIX:ROG
248.4B CHF 4.2 20.1
UK
AstraZeneca PLC
LSE:AZN
216.7B GBP 4.8 27.7
CH
Novartis AG
SIX:NOVN
218.2B CHF 4.7 19.1
US
Merck & Co Inc
NYSE:MRK
272.8B USD 4.2 14.9
IE
Endo International PLC
LSE:0Y5F
244.4B USD 105.4 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.2T DKK 3.8 11.4
US
Pfizer Inc
NYSE:PFE
152.3B USD 2.4 19.6
US
Bristol-Myers Squibb Co
NYSE:BMY
116.3B USD 2.4 16.5
P/E Multiple
Earnings Growth PEG
IN
Indoco Remedies Ltd
NSE:INDOCO
Average P/E: 21.7
Negative Multiple: -16.9
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
39.7
32%
1.2
US
Johnson & Johnson
NYSE:JNJ
25.8
8%
3.2
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
27.7
25%
1.1
CH
Novartis AG
SIX:NOVN
19.1
14%
1.4
US
Merck & Co Inc
NYSE:MRK
14.9
14%
1.1
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
11.4
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.6
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
16.5
16%
1

Market Distribution

Lower than 79% of companies in India
Percentile
21th
Based on 2 983 companies
21th percentile
1.1
Low
0 — 1.5
Typical Range
1.5 — 4.6
High
4.6 —
Distribution Statistics
India
Min 0
30th Percentile 1.5
Median 2.6
70th Percentile 4.6
Max 56 363.4

Indoco Remedies Ltd
Glance View

Market Cap
19.3B INR
Industry
Pharmaceuticals

Indoco Remedies Ltd. engages in manufacturing and marketing of Formulations (Finished Dosage Forms) and active pharmaceutical ingredients. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2005-01-07. The firm is an integrated, research-oriented pharma company engaged in the manufacturing and marketing of formulations (finished dosage forms) and active pharmaceutical ingredients (APIs). The firm's geographical segments include India and Outside India. The firm has nine domestic marketing divisions with a brand portfolio in various therapeutic segments, including Gastrointestinal, Respiratory, Anti-Infective, Stomatologicals, Ophthalmic, Nutritionals, Cardiovascular, Anti-Diabetics, Pain Management and Gyneacology. The Company’s brands include Cyclopam, Febrex Plus, Sensodent-K, Karvol Plus, ATM, Oxipod, Cital, Sensoform, Sensodent-KF, Cal-Aid, Cloben-G, Glychek, Kidodent, Carmicide, Rexidin, MCBM and Methycal.

INDOCO Intrinsic Value
241.98 INR
Undervaluation 14%
Intrinsic Value
Price ₹208.99
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