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Indoco Remedies Ltd
NSE:INDOCO

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Indoco Remedies Ltd
NSE:INDOCO
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Price: 213.2 INR -1.13%
Market Cap: ₹19.7B

P/B

2
Current
28%
Cheaper
vs 3-y average of 2.8

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2
=
Market Cap
₹18.7B
/
Total Equity
₹9.8B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2
=
Market Cap
₹18.7B
/
Total Equity
₹9.8B

Valuation Scenarios

Indoco Remedies Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (2.8), the stock would be worth ₹296.57 (39% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+77%
Average Upside
57%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2 ₹213.2
0%
3-Year Average 2.8 ₹296.57
+39%
5-Year Average 3 ₹318.73
+50%
Industry Average 3.6 ₹377.77
+77%
Country Average 3.3 ₹345.2
+62%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
IN
Indoco Remedies Ltd
NSE:INDOCO
19.7B INR 2 -17.3
US
Eli Lilly and Co
NYSE:LLY
853.2B USD 32.2 41.3
US
Johnson & Johnson
NYSE:JNJ
544.6B USD 6.7 25.9
CH
Roche Holding AG
SIX:ROG
248.4B CHF 7.6 19.8
UK
AstraZeneca PLC
LSE:AZN
225.8B GBP 6.1 29.2
CH
Novartis AG
SIX:NOVN
226.8B CHF 6 19.9
US
Merck & Co Inc
NYSE:MRK
278.5B USD 5.3 15.3
IE
Endo International PLC
LSE:0Y5F
244.4B USD -58.7 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.1T DKK 5.8 10.9
US
Pfizer Inc
NYSE:PFE
155.3B USD 1.8 20
US
Bristol-Myers Squibb Co
NYSE:BMY
119.6B USD 6.5 17
P/E Multiple
Earnings Growth PEG
IN
Indoco Remedies Ltd
NSE:INDOCO
Average P/E: 22.1
Negative Multiple: -17.3
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
41.3
32%
1.3
US
Johnson & Johnson
NYSE:JNJ
25.9
8%
3.2
CH
Roche Holding AG
SIX:ROG
19.8
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
29.2
25%
1.2
CH
Novartis AG
SIX:NOVN
19.9
14%
1.4
US
Merck & Co Inc
NYSE:MRK
15.3
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
10.9
0%
N/A
US
Pfizer Inc
NYSE:PFE
20
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
17
16%
1.1

Market Distribution

Lower than 72% of companies in India
Percentile
28th
Based on 2 820 companies
28th percentile
2
Low
0 — 2.1
Typical Range
2.1 — 5.5
High
5.5 —
Distribution Statistics
India
Min 0
30th Percentile 2.1
Median 3.3
70th Percentile 5.5
Max 4 699.1

Indoco Remedies Ltd
Glance View

Market Cap
19.7B 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 12%
Intrinsic Value
Price ₹213.2
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