Indoco Remedies shareholders and shareholding pattern
NSE: INDOCOBSE: 532612Pharmaceuticals & BiotechnologySmall Cap
Indoco Remedies Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jan 2005
Last close ₹209.50down ₹4.25 (1.99%)BSE ₹209.75
Share price at the NSE close on 29 Oct 2026. Previous close ₹213.75.
29 Oct: open ₹214.25, high ₹216.00, low ₹208.20
52-week range of traded prices to 29 Oct 2026
₹162.19Low, 30 Mar 2026₹288.00High, 6 Nov 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,934 Cr1,173rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 60.54
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹132 crore of one-off items, the largest of them in the quarter to Jun 2026.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.89
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.10%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 3.2%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹132 crore of one-off items, the largest of them in the quarter to Jun 2026.
- −10.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 1.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.96
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,38,12753.3% delivered
Indoco Remedies' shareholding pattern for Sep 2026, filed on 18 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.
Who owns Indoco Remedies, filing by filing
Per cent of the company's shares.
Sep 2026 filing
- Promoters58.92%
- Foreign institutions1.64%
- Indian institutions16.64%
- Individuals and others22.66%
- Employee trusts0.14%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Foreign institutions
- Indian institutions
- Individuals and others
- Employee trusts
| Per cent | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59.15% | 59.11% | 59.10% | 58.85% | 58.85% | 58.87% | 58.87% | 58.87% | 58.83% | 58.68% | 58.68% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.73% | 58.74% | 58.74% | 58.72% | 58.75% | 58.75% | 58.80% | 58.90% | 58.90% | 58.90% | 58.90% | 58.86% | 58.86% | 58.92% | |
| Indian promoters | 59.15% | 59.11% | 59.10% | 58.85% | 58.85% | 58.87% | 58.87% | 58.87% | 58.83% | 58.68% | 58.68% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.73% | 58.74% | 58.74% | 58.72% | 58.75% | 58.75% | 58.80% | 58.90% | 58.90% | 58.90% | 58.90% | 58.86% | 58.86% | 58.92% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. Public in the glossary | 40.85% | 40.89% | 40.90% | 41.15% | 41.15% | 41.13% | 41.13% | 41.13% | 41.17% | 41.32% | 41.32% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.27% | 41.26% | 41.26% | 41.24% | 41.21% | 41.21% | 41.17% | 41.01% | 41.01% | 41.01% | 41.01% | 41.00% | 41.00% | 40.94% |
| Employee trusts | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.03% | 0.03% | 0.03% | 0.09% | 0.09% | 0.09% | 0.09% | 0.14% | 0.14% | 0.14% |
| Promoter shares pledgedShare of the promoters' own shares | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Shares in issue | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,51,815 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,50,355 | 9,21,82,205 | 9,21,82,205 | 9,21,82,205 | 9,21,82,205 | 9,22,47,905 | 9,22,47,905 | 9,22,47,905 | 9,22,47,905 | 9,23,03,605 | 9,23,03,605 | 9,23,03,605 |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Indoco Remedies promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is SPA HOLDINGS PVT LTD, 19.86%. The filing names 3 more members with no shares.Promoter buying and selling
| Holder | ||
|---|---|---|
| SPA HOLDINGS PVT LTDIndian companies, trusts and others | 19.86% | 1,83,35,000 |
| SHANTERI INVESTMENT PVT LTDIndian companies, trusts and others | 17.18% | 1,58,58,805 |
| KARE FAMILY PRIVATE TRUSTIndividuals and Hindu undivided families | 14.19% | 1,30,97,055 |
| PANANDIKAR ADITI MILINDIndividuals and Hindu undivided families | 3.17% | 29,29,128 |
| Madhura Suresh KareIndividuals and Hindu undivided families | 2.70% | 24,91,413 |
| Kare Suresh GovindIndividuals and Hindu undivided families | 1.42% | 13,07,475 |
| SURESH GOVIND KARE HUF (Karta- Suresh Govind Kare)Individuals and Hindu undivided families | 0.30% | 2,73,500 |
| SHARDA RAMNATH KAREIndian companies, trusts and others | 0.04% | 32,500 |
| PRATIMA AJIT VAIDYAIndian companies, trusts and others | 0.03% | 26,550 |
| KARE ARUNA SURESHIndividuals and Hindu undivided families | 0.02% | 14,526 |
| MILIND S PANANDIKARIndian companies, trusts and others | 0.01% | 7,500 |
| POOJA RAJENDRA PAIIndian companies, trusts and others | 0.01% | 10,727 |
No promoter shares are reported as pledged.
Largest public holders of Indoco Remedies, filing by filing
Per cent, on the same shares as the split above.
| Holder | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mangeshi Investment Private LimitedCompanies | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% | 1.26% | 1.26% | 1.26% |
| NIPPON LIFE INDIA TRUSTEE LTD A/C NIPPONResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.53% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| ASHISH AGARWALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | 1.51% | 1.51% | 1.51% | 1.59% | 1.59% | 1.59% | – | 1.59% | 1.59% | 1.59% | 1.09% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| DSP AIF PHARMA FUNDAlternative investment funds | – | – | – | – | – | – | – | – | – | 2.00% | 2.00% | 1.39% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| DSP BLACK ROCK AIF PHARMA FUNDAlternative investment funds | – | – | 1.63% | 1.63% | 1.63% | 1.86% | 2.00% | 2.00% | 2.00% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| BARCLAYS MERCHANT BANK (SINGAPORE) LTDInstitutions Foreign Portfolio Investor | 3.02% | 3.02% | 3.02% | 3.02% | 3.01% | 2.78% | 2.26% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SURESH KUMAR AGARWALResident individuals, over ₹2 lakh at face value | – | – | – | – | 1.51% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| INDIA WHIZDOM FUNDAlternative investment funds | – | – | 1.30% | 1.37% | 1.37% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| FIRST STATE INVESTMENT ICVC-STEWART INVESTORS ASIA PACIFIC FUNDInstitutions Foreign Portfolio Investor | – | – | 3.45% | 3.45% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| FIRST STATE INDIAN SUBCONTINENT FUNDAAATF1850HInstitutions Foreign Portfolio Investor | – | – | – | 1.62% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| THE SCOTTISH ORIENTAL SMALLER COMPANIES TRUSTPLCInstitutions Foreign Portfolio Investor | 1.35% | 1.35% | 1.10% | 1.10% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| FIRST STATE INDIAN SUBCONTINENT FUNDInstitutions Foreign Portfolio Investor | – | 1.95% | 1.59% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| First State Investment ICVC-StewartInstitutions Foreign Portfolio Investor | – | 2.79% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Caisse De Depot Et Placement Du Quebec-First State Investments International LtdInstitutions Foreign Portfolio Investor | – | 1.10% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| NATIONAL WESTMINISTER BANK PLC AS DEPOSITARY OF FIRST STATE ASIA PACIFIC FUND A SUB FUND OF FIRST STATE INVESTMENT ICVCInstitutions Foreign Portfolio Investor | 2.79% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| FIRST STATE INVESTMENTS (HONGKONG) LIMITED A/C FIRST STATE INDIAN SUBCONTINENT FUNDInstitutions Foreign Portfolio Investor | 1.95% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| CAISSEE DE DEPOT ET PLACEMENT DU QUEBEC-FIRST STATE INVESTMENTS INTERNATIONAL LIMITEDInstitutions Foreign Portfolio Investor | 1.10% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.