NSE: IPCALAB | BSE: 524494

Strong Performer, Getting Expensive

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1473.70 23.90 (1.65%)

26.15% Gain from 52W Low

240.0K NSE+BSE Volume

NSE 23 Feb, 2026 3:31 PM (IST)

37,388.4

Market Cap

High in industry

Beta 1Year

Very Low volatility

Ipca Laboratories Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for IPCALAB, BSE:524494 Ipca Laboratories Ltd.

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Ipca Laboratories Ltd.

17 Feb 2026

1473.70

1.65%

Ipca Laboratories (IPCA IN) Q3FY26 Result Update Margin surprise BUY

Buy: Ipca Laboratories Ltd.

Recommendation Target

Prabhudas Lilladhar

Ipca reported strong EBITDA of Rs5.3bn (up 19% YoY) which was 10% above our estimates. Company has witnessed 400bps GMs expansion ex Unichme for 9MFY26 which should sustain given product mix and softer raw material prices. Export API business witnessed recovery in 9MFY26 with 26% YoY growth. Domestic formulation business, which now contributes 40% of revenues and ~55% of EBITDA, continued to outperform and grow at healthy levels. We believe 1) recovery in API segment 2) higher margins ex Unichem 3) steady...

Number of FII/FPI investors decreased from 254 to 248 in Dec 2025 qtr

Ipca Laboratories Ltd.

17 Feb 2026

1473.70

1.65%

Ipca Laboratories

Buy: Ipca Laboratories Ltd.

Target

ICICI Direct

Revenue break-up Q3FY26 Formulations: 64% (domestic: 41%, export: 22% - export generic: 11%, export institutional: 2%, export branded: 9%), APIs: 13% (export API: 10%, domestic API: 3%), subsidiaries: 23%...

Number of FII/FPI investors decreased from 254 to 248 in Dec 2025 qtr

Ipca Laboratories Ltd.

16 Feb 2026

1473.70

1.65%

Branded generics drive earnings

Buy: Ipca Laboratories Ltd.

Target

Motilal Oswal

Ipca Laboratories (IPCA) reported in-line revenue and better-than-expected EBITDA/PAT (10%/12% beat) in 3QFY26, aided by product mix, favorable currency and a lower tax rate.

Ipca Laboratories Ltd.'s price crossed above 30Day SMA today

Ipca Laboratories Ltd.

17 Nov 2025

1473.70

1.65%

Ipca Laboratories

Buy: Ipca Laboratories Ltd.

Recommendation Target

ICICI Direct

Q2FY26- Revenues growth a little subdued but margins strongRevenues grew ~9% YoY to 2556.5 crore driven by both domestic formulations and API exports. Domestic formulations grew 8% YoY to 1019 crore, driven by strong traction in pain management but also had some impact on account of GST rate rationalization. Export APIs grew ~45% to 221 crore. Under exports formulations - Branded exports grew ~2% to 145 crore, Institutional exports de-grew 29% YoY to 79.7 crore and generic exports de-grew 6% YoY to 268 crore. EBITDA grew 23.4% YoY to 545 crore while EBITDA margins grew by 257 bps to 21.3% aided...

Ipca Laboratories Ltd. has an average target of 1743.33 from 3 brokers.

Ipca Laboratories Ltd.

13 Nov 2025

1473.70

1.65%

Beat on estimates; DF/API drive earnings

Buy: Ipca Laboratories Ltd.

Target

Motilal Oswal

Ipca Laboratories (IPCA) delivered slightly better-than-expected revenue in 2QFY26, while EBITDA/PAT beat our estimates by 18%/22%.

ICICI Direct increased Buy price target of Ipca Laboratories Ltd. to 1800.0 on 17 Feb, 2026.

Ipca Laboratories Ltd.

13 Aug 2025

1473.70

1.65%

Ipca Laboratories (IPCA IN) Q1FY26 Result Update EBITDA...

Accumulate: Ipca Laboratories Ltd.

Prabhudas Lilladhar

was weak with 4.3% OPM; impacted by certain one offs and price erosion in certain products. Mgmt. reiterated its FY26 guidance of 9-10% revenue growth however 75bps margin expansion vs 100 bps earlier. Our FY26E and FY27E EPS...

Ipca Laboratories Ltd. is trading above all available SMAs

Ipca Laboratories Ltd.

31 May 2025

1473.70

1.65%

Ipca Laboratories (IPCA IN) Q4FY25 Result Update Muted...

Accumulate: Ipca Laboratories Ltd.

Target

Prabhudas Lilladhar

Ipca Labs (IPCA) reported EBITDA of Rs4.1bn (up 35% YoY), was in line with our estimates. However, mgmt. FY26 guidance of 8-10% revenue growth was below our expectations (12-13%). Resultant, our FY26E and FY27E EPS stands reduced by 4-8%. API and generic business growth were muted in FY25; recovery will be gradual. Domestic formulation business, which now contributes 40% of revenues and ~55% of EBITDA, continued to outperform and grow at healthy levels. Turnaround in Unichem remains on track with...

Ipca Laboratories Ltd. has an average target of 1743.33 from 3 brokers.

Ipca Laboratories Ltd.

14 Feb 2025

1473.70

1.65%

IPCA LABORATORIES

Accumulate: Ipca Laboratories Ltd.

Prabhudas Lilladhar

ICICI Direct increased Buy price target of Ipca Laboratories Ltd. to 1800.0 on 17 Feb, 2026.

Ipca Laboratories Ltd.

14 Feb 2025

1473.70

1.65%

Ipca Laboratories (IPCA IN) Q3FY25 Result Update EBITDA...

Accumulate: Ipca Laboratories Ltd.

Prabhudas Lilladhar

Domestic formulation growth was aided by 5-6% each price and volume. Ipca Labs (IPCA) reported EBITDA of Rs4.6bn (up 35% YoY), 7% beat to our estimates. Our FY26E and FY27E EPS broadly remains unchanged. The broadbased revenue growth in 9M provides comfort while export API and generic should recover in coming quarters. Domestic formulation business, which now contributes 40% of revenues and ~60% of EBITDA, continued to outperform and grow at healthy levels. Turnaround in Unichem remains on track with...

Number of FII/FPI investors decreased from 254 to 248 in Dec 2025 qtr

Ipca Laboratories Ltd.

27 Dec 2024

1473.70

1.65%

Scaling US operations/outpacing IPM to aid robust earnings growth

Buy: Ipca Laboratories Ltd.

Target

Motilal Oswal

Following a muted performance in the US over the past eight years due to compliance issues, IPCA is well-poised to revive its US business through new product launches, relaunches, stable pricing in its base business, and the integration of the Unichem business over the next 12-24M.

Ipca Laboratories Ltd. has an average target of 1743.33 from 3 brokers.

Is Ipca Laboratories Ltd. worth buying?

371 Votes:

Buy 80.32%

Sell 9.97%

Hold 9.7%

RESEARCH REPORTS

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