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Indoco Remedies Limited (INDOCO)

Pharma · NSE · end-of-day 2026-10-19
Close
₹236.50
Day change
-3.72%
1-year
-18.7%
From 52-week high
-20.3%
Weinstein stage
Stage 2
Minervini template
5/8
Indoco Remedies Limited closed at ₹236.50 on 2026-10-19, down 19% over the past year, 20% below its 52-week high. It meets 5 of 8 conditions of Minervini's trend template; Weinstein's stage analysis reads stage 2 - advancing; on earnings, it passes 1 of 2 SEPA checks. Over the year its annualised volatility was about 50%, with a largest fall of 45% from a peak.

About Indoco Remedies Limited

Indoco Remedies Limited develops branded generics, APIs, dental care products, and specialty pharmaceutical formulations. The company has established a presence in regulated international markets through quality manufacturing. Product innovation supports future expansion. Export growth diversifies revenue streams. Regulatory expertise remains a competitive strength.

Price, RSI and MACD

Price · +9.7% over the period
188211233256279Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
RSI (14) · 46.1
305070
MACD (12, 26, 9) · histogram -1.24
-6.5-2.31.96.110.2
Price · -17.7% over the period
156193230268305Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26Oct 26
RSI (14) · 46.1
305070
MACD (12, 26, 9) · histogram -1.24
-10.6-5.3-05.310.5
Price · -29.3% over the period
153204255305356Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26Oct 26
RSI (14) · 46.1
305070
MACD (12, 26, 9) · histogram -1.24
-24.5-13.2-29.220.4
Price · -29.1% over the period
150216282347413Feb 24Jul 24Dec 24May 25Oct 25Mar 26Aug 26
RSI (14) · 46.1
305070
MACD (12, 26, 9) · histogram -1.24
-24.3-13.1-1.99.220.4
Price: daily close adjusted for splits and bonuses, dashed line the 150-day moving average. MACD: green line, orange dashed signal, bars the histogram. Longer periods are drawn from every second or third session.

Fundamentals

Market capSales (TTM)Net profit (TTM)P/EEPS (TTM)P/BROEROE previous yearROCEDebt / equityFree cash flowEV / EBITDABeta
₹2,183 cr₹1,873 cr₹3 cr739.10.322.32-9.7%-6.9%0.8%1.10₹91 cr23.01.01

Quarterly results

QuarterSales ₹ crNet profit ₹ crEPSEPS YoYSales YoYNet margin
Jun 2026468657.09turnaround+6.8%14.0%
Mar 2026476-24-2.57—+21.9%-5.0%
Dec 2025445-29-3.20—+8.5%-6.6%
Sep 2025485-9-1.00—+12.0%-1.9%
Jun 2025438-36-3.94-2070.0%+1.5%-8.3%
Mar 2025390-41-4.48-287.4%-13.2%-10.6%
Dec 2024411-28-3.08-282.2%-10.6%-6.9%
Sep 2024433-10-1.09-128.5%-10.2%-2.3%
Consolidated · EPS restated onto today's share count after splits and bonuses · net profit as filed.

Minervini SEPA — earnings checks 1 of 2 pass

CheckResult
Latest quarter EPS up 25%+ on a year ago— Not assessable
EPS growth accelerating over 3 quarters— Not assessable
Sales up 25%+, or sales growth accelerating✗ Fail
Annual EPS up 25%+ in each of the last 2 years— Not assessable
Net margin above the same quarter last year✓ Pass

Investor methods

MethodChecksScoreVerdict
Minervini
✓ Close above the 150- and 200-day averages
✓ 150-day above 200-day
✗ 200-day rising for a month
✓ 50-day above the 150- and 200-day
✗ Close above the 50-day
✓ At least 25% above the 52-week low · low 164.00
✓ Within 25% of the 52-week high · high 296.85
✗ RS percentile 70 or more · RS 38
Trend template - the gate, measured: a modest 21-day edge.
5/85 of 8
Weinstein
Stan Weinstein's stage analysis on the 30-week moving average.
Stage 2 - advancing
CAN SLIM
— C latest quarter EPS up 25%+
— A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held
✗ N within 15% of the 52-week high · high 296.85
✓ S more volume on up days than down days (50 sessions) · 7.97x
✗ L RS percentile 80 or more · RS 38
— I institutional sponsorship rising · shareholding not collected yet
✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45%
William O'Neil's growth-leader checklist.
2/4Average
Darvas
✗ New 52-week high in the last 120 sessions
Darvas needs a new 52-week high to start a box.
10/100No box
Turtle
✗ Close above the prior 55-session high · 287.80
✗ Close above the prior 20-session high · 284.77
✗ Close below the prior 20-session low · 220.70
Donchian channel breakout - the Turtle traders' entry.
No signal
Greenblatt
— Earnings yield (EBITDA / EV) · 4.3%
— Return on capital (ROCE) · 0.8%
Joel Greenblatt's Magic Formula: good businesses at good prices, ranked across all companies. Earnings yield uses EBITDA, as EBIT is not held separately.
8/100Weak
Graham
✗ Price at or below the Graham number · Graham number 27.09
✗ P/E 15 or less · P/E 739.1
✗ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 2.32
✗ Current ratio 2 or more · 1.13
— 10 years of positive earnings, 20 of dividends · history not held
Benjamin Graham's defensive-investor tests.
11/100Expensive
Piotroski
✗ Profitable (ROA > 0)
✓ Operating cash flow positive
✗ ROA rising
✓ Cash flow above net profit (earnings quality)
✓ Long-term debt / assets falling
✗ Current ratio rising · 1.13
✓ No new shares issued
✗ Margin rising (net margin)
✓ Asset turnover rising
Joseph Piotroski's F-score, FY 2025 -> 2026.
5/9Average
Each method's own rules applied to this stock - information, not a buy or sell signal. All were tested on 2024-26 data; only the Minervini trend template showed a consistent edge.

Pharma sector — top 10 by 1-year return

Stock1M %3M %6M %1Y %3Y %5Y %P/EP/BROE %ROCE %ROA %D/EEV/EBITDA₹ CrSales TTM ₹ CrProfit TTM ₹ CrEPSBeta
INDOCO this stock-5.0-3.3+9.7-17.1-32.5-49.7739.12.32-9.70.8—1.1023.12,1831,87330.31.01
BLISSGVS-8.0+29.9+147.2+312.3+606.5+476.948.75.5711.516.8—0.0029.36,6501,00514212.91.10
VENUSREM+0.7-5.9+55.8+252.6+518.8+242.418.33.2116.821.9—0.0013.72,13081111686.90.88
INDSWFTLAB-5.7+50.4+153.3+247.2+287.1+472.251.62.213.23.9—0.0133.43,056665576.80.78
MOREPENLAB+0.5+108.6+194.2+152.6+242.7+132.747.55.347.910.1—0.1640.26,6571,9511402.61.46
SHILPAMED-14.2+40.1+113.1+146.1+421.3+189.757.36.619.811.4—0.25—17,1301,68229715.30.87
RUBICON-15.1-1.7+60.3+140.3——83.819.0822.4——0.2061.324,5871,93628817.70.34
LAURUSLABS+5.9+32.7+83.2+129.9+421.9+235.388.921.0918.217.9—0.4562.01.12L8,8391,25223.30.74
ZIMLAB+2.0+14.2+73.3+101.9+17.5—168.52.502.15.5—0.4221.174039740.80.75
ACUTAAS-5.4-11.0+35.0+97.5——69.016.1124.031.7—0.0249.926,6361,46238747.20.77
IOLCP-9.8+17.8+108.9+87.8+99.0+56.232.02.997.910.7—0.0720.75,3762,5241685.71.13
A blank in a return column means the stock is younger than that window. P/B and ROE come from each company's own filings where held.

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Prices as of 2026-10-19, end of day, from NSE. Fundamentals from each company's own exchange filings (XBRL), EPS restated for splits and bonuses. Figures may be delayed and are for information only.
For research & education only — not investment advice. The methods, checks and verdicts are automated rules applied to public data, not buy/sell recommendations. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. ClusterMicro Technologies is not a SEBI-registered investment adviser. Consult a SEBI-registered adviser before investing.