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Last Updated: February 1, 2026, 8:53 pm
Author: Getaka|Social: XLinkedIn

Ind-Swift Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹98.99Undervalued by 526.52%vs CMP ₹15.80

P/E (10.9) × ROE (15.0%) × BV (₹74.20) × DY (2.00%)

Defaults: ROE=15%

₹440.14Undervalued by 2,685.70%vs CMP ₹15.80
MoS: +96.4% (Strong)Confidence: 58/100 (Moderate)Models: All 5: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹223.6133%Under (+1315.3%)
Graham NumberEarnings₹295.4925%Under (+1770.2%)
DCFCash Flow₹1,122.8720%Under (+7006.8%)
Earnings YieldEarnings₹523.0013%Under (+3210.1%)
Revenue MultipleRevenue₹47.6410%Under (+201.5%)
Consensus (5 models)₹440.14100%Undervalued
Key Drivers: EPS CAGR 125.9% lifts DCF — verify sustainability. | Wide model spread (₹48–₹1,123) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 125.9% · Defaults: ROE=15%

*Investments are subject to market risks

Investment Snapshot

52
Ind-Swift Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health43/100 · Moderate
ROCE 11.9% AverageROE 0.0% WeakD/E -1.54 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
Promoter holding at 55.6% Stable
Earnings Quality50/100 · Moderate
OPM stable around 8% Steady
Quarterly Momentum60/100 · Moderate
Revenue (4Q): 2% YoY FlatProfit (4Q): +1,921% YoY StrongOPM: -2.0% (down 13.0% YoY) Margin pressure
Industry Rank65/100 · Strong
P/E 10.9 vs industry 53.8 Cheaper than peersROCE 11.9% vs industry 16.4% Average3Y sales CAGR: 9% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: February 1, 2026, 8:53 pm

Market Cap 85.4 Cr.
Current Price 15.8
Intrinsic Value₹440.14
High / Low 19.9/12.0
Stock P/E10.9
Book Value 74.2
Dividend Yield0.00 %
ROCE11.9 %
ROE%
Face Value 2.00
PEG Ratio0.09

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ind-Swift Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Fermenta Biotech Ltd 965 Cr. 328 399/24110.9 1330.76 %23.0 %24.9 % 5.00
Ind-Swift Ltd 85.4 Cr. 15.8 19.9/12.010.9 74.20.00 %11.9 %% 2.00
Ambalal Sarabhai Enterprises Ltd 203 Cr. 26.5 42.0/23.111.4 19.20.00 %9.12 %6.25 % 10.0
Natco Pharma Ltd 17,945 Cr. 1,002 1,060/66011.5 4830.60 %32.8 %28.0 % 2.00
Colinz Laboratories Ltd 5.79 Cr. 46.0 87.9/36.111.8 39.20.00 %6.72 %5.43 % 10.0
Industry Average19,815.15 Cr1,053.8453.84201.200.39%16.35%15.16%6.10

All Competitor Stocks of Ind-Swift Ltd

Quarterly Result

MetricMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Sales 10695104107106149116103135114136120145
Expenses 969093899813010598121111122112148
Operating Profit 1051118818114153148-3
OPM % 9%5%11%17%8%12%10%4%11%3%11%7%-2%
Other Income 721367633464052281
Interest 14151515141518151410101010
Depreciation 8777777775567
Profit before tax -5-15-11-1532-11-1540284-6261
Tax % 0%0%0%0%0%0%0%0%6%0%0%0%2%
Net Profit -5-15-11-1532-11-1538284-6257
EPS in Rs -1.01-2.85-1.95-0.199.800.44-1.98-2.766.935.210.76-1.0147.34

Last Updated: August 20, 2025, 9:05 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 15, 2025, 5:07 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 570417308263270289330356398411502515
Expenses 602487465328262278306315352369448492
Operating Profit -32-70-157-65811234145425423
OPM % -6%-17%-51%-25%3%4%7%12%11%10%11%4%
Other Income 11213-246-20342214247253328
Interest 7740191673295257606339
Depreciation 263936363534343332292724
Profit before tax -124-147-200-363-538-17-29-202616288
Tax % -7%-2%0%0%1%0%15%1%2%0%14%2%
Net Profit -116-145-200-364-548-19-30-202614283
EPS in Rs -22.97-28.85-39.75-67.21-9.991.51-3.53-5.50-3.694.802.6352.30
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-25.00%-37.93%-82.00%85.16%114.81%-337.50%-57.89%33.33%230.00%-46.15%1921.43%
Change in YoY Net Profit Growth (%)0.00%-12.93%-44.07%167.16%29.65%-452.31%279.61%91.23%196.67%-276.15%1967.58%

Ind-Swift Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:9%
3 Years:9%
TTM:3%
Compounded Profit Growth
10 Years:7%
5 Years:18%
3 Years:33%
TTM:132%
Stock Price CAGR
10 Years:14%
5 Years:35%
3 Years:19%
1 Year:-33%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 7:30 am

Balance Sheet

Last Updated: July 25, 2025, 3:01 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 101010111111111111111111
Reserves 84-64-264-636-690-688-724-706-731-716-702-413
Borrowings 1,0241,0541,0611,0621,0551,0101,0171,0231,0369931,014874
Other Liabilities 272228254232237265298344316361331257
Total Liabilities 1,3901,2281,061669613598602672632649654728
Fixed Assets 440404374342311291270244236216184243
CWIP 444200013930510
Investments 4545454444412470645416
Other Assets 900775638281258267308344323349418480
Total Assets 1,3901,2281,061669613598602672632649654728

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 10386-1067143358350731516
Cash from Investing Activity + -14-6-4-4-3-14-11-17-18-29773
Cash from Financing Activity + -89-81110-11-4-13-26-54-45-47-42-13
Net Cash Flow 0-10-8-516-312-13-3506
Free Cash Flow 8880-1102-52922633142-13-25
CFO/OP -320%-122%67%-10%17%397%148%202%111%174%28%69%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-33.00-71.00-158.00-66.007.0010.0022.0040.0044.00-951.0053.00-851.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 282425451151113951041118393111112
Inventory Days 2021171518610811210212312015083150
Days Payable 152155290356426454440454353393262143
Cash Conversion Cycle 331387311-119-206-246-234-220-149-150-68120
Working Capital Days 942-32-570-563-558-490-482-451-601-3035
ROCE %-4%-10%-20%-14%-4%-4%2%8%11%8%13%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters 55.58%55.58%55.58%55.58%55.58%55.58%55.58%55.58%55.58%55.58%55.58%55.58%
Public 44.42%44.40%44.42%44.42%44.42%44.42%44.42%44.42%44.42%44.43%44.42%44.42%
No. of Shareholders 14,42214,92714,78514,59013,74514,21916,43817,44018,02820,93621,36821,588

Shareholding Pattern Chart

No. of Shareholders

Ind-Swift Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 18
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 52.332.634.81-3.70-9.36
Diluted EPS (Rs.) 52.332.634.81-3.70-9.36
Cash EPS (Rs.) 56.677.6310.102.23-3.60
Book Value[Excl.RevalReserv]/Share (Rs.) -74.28-127.54-130.10-132.99-125.06
Book Value[Incl.RevalReserv]/Share (Rs.) -74.28-127.54-130.10-132.99-125.06
Revenue From Operations / Share (Rs.) 95.1292.7375.8773.4349.95
PBDIT / Share (Rs.) 13.0319.669.9512.723.04
PBIT / Share (Rs.) 8.7014.664.666.80-3.36
PBT / Share (Rs.) 53.153.044.81-3.62-9.85
Net Profit / Share (Rs.) 52.332.634.81-3.70-9.99
NP After MI And SOA / Share (Rs.) 52.332.634.81-3.70-9.31
PBDIT Margin (%) 13.7021.2013.1117.326.08
PBIT Margin (%) 9.1415.806.139.25-6.71
PBT Margin (%) 55.873.276.33-4.92-19.72
Net Profit Margin (%) 55.012.836.33-5.03-20.00
NP After MI And SOA Margin (%) 55.012.836.33-5.03-18.63
Return on Networth / Equity (%) -70.45-2.06-3.690.000.00
Return on Capital Employeed (%) 10.5323.76-8.78-42.68-110.04
Return On Assets (%) 38.932.174.01-3.16-8.20
Long Term Debt / Equity (X) -2.07-1.44-0.55-0.85-0.98
Total Debt / Equity (X) -2.17-1.45-1.39-1.44-1.54
Asset Turnover Ratio (%) 0.740.770.640.000.42
Current Ratio (X) 1.421.070.290.330.31
Quick Ratio (X) 1.040.860.190.240.23
Inventory Turnover Ratio (X) 2.622.692.450.002.97
Interest Coverage Ratio (X) 1.801.690.901.212.33
Interest Coverage Ratio (Post Tax) (X) 1.091.230.420.63-2.68
Enterprise Value (Cr.) 873.081049.981018.391080.081090.67
EV / Net Operating Revenue (X) 1.692.092.482.724.03
EV / EBITDA (X) 12.379.8618.9015.6866.27
MarketCap / Net Operating Revenue (X) 0.130.190.090.150.14
Price / BV (X) -0.17-0.14-0.05-0.08-0.05
Price / Net Operating Revenue (X) 0.130.190.090.150.14
EarningsYield 4.120.140.66-0.33-1.29

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ind-Swift Ltd. is a Public Limited Listed company incorporated on 06/06/1986 and has its registered office in the State of Chandigarh, India. Company's Corporate Identification Number(CIN) is L24230CH1986PLC006897 and registration number is 006897. Currently Company is involved in the business activities of Manufacture of allopathic pharmaceutical preparations. Company's Total Operating Revenue is Rs. 515.23 Cr. and Equity Capital is Rs. 10.83 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Pharmaceuticals781, Industrial Area, Phase II Chandigarh Chandigarh 160002Contact not found
Management
NamePosition Held
Mr. S R MehtaExecutive Chairman
Mr. N R MunjalNon Executive Director
Dr. Gopal MunjalManaging Director & CEO
Dr. V R MehtaJoint Managing Director
Mr. Himanshu JainNon Executive Director
Mr. Rishav MehtaNon Executive Director
Mr. S P SharmaIndependent Director
Dr. V K AroraIndependent Director
Mr. S C GalhotraIndependent Director
Ms. Anoop MichraIndependent Director
Mr. Jagvir Singh AhluwaliaIndependent Director
Mr. Bhupinder SinghIndependent Director
Mr. Subodh GuptaIndependent Director
Mr. Prabhat KhuranaIndependent Director

FAQ

What is the intrinsic value of Ind-Swift Ltd and is it undervalued?

As of 12 April 2026, Ind-Swift Ltd's intrinsic value is ₹440.14, which is 2685.70% higher than the current market price of ₹15.80, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹74.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ind-Swift Ltd?

Ind-Swift Ltd is trading at ₹15.80 as of 12 April 2026, with a FY2026-2027 high of ₹19.9 and low of ₹12.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹85.4 Cr..

How does Ind-Swift Ltd's P/E ratio compare to its industry?

Ind-Swift Ltd has a P/E ratio of 10.9, which is below the industry average of 53.84. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Ind-Swift Ltd financially healthy?

Key indicators for Ind-Swift Ltd: ROCE of 11.9 % is moderate; ROE of % is below ideal levels (industry average: 15.16%). Dividend yield is 0.00 %.

Is Ind-Swift Ltd profitable and how is the profit trend?

Ind-Swift Ltd reported a net profit of ₹283 Cr in Mar 2025 on revenue of ₹515 Cr. Compared to ₹-20 Cr in Mar 2022, the net profit shows an improving trend.

Does Ind-Swift Ltd pay dividends?

Ind-Swift Ltd has a dividend yield of 0.00 % at the current price of ₹15.80. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ind-Swift Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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