Neuland Laboratories logo

Neuland Laboratories share price

NSE: NEULANDLABBSE: 524558Pharmaceuticals & BiotechnologySmall Cap

Neuland Laboratories Limited · Face value ₹10 · Listed Jul 1994 on BSE, Oct 2008 on NSE
Last close ₹19,970.00up ₹655.00 (3.39%)BSE ₹20,015.65

Share price at the NSE close on 28 Oct 2026. Previous close ₹19,315.00.

28 Oct: open ₹19,200.00, high ₹20,095.00, low ₹19,200.00

52-week range of traded prices to 28 Oct 2026
₹11,500.00Low, 23 Mar 2026₹24,225.00High, 9 Sep 2026
Market cap
₹25,621 Cr356th largest listed
P/E
51.47
P/B
13.67
Dividend yield
0.17%
ROE
29.3%
ROCE
32.1%
Debt to equity
0.10
Volume, NSE
31,72747.6% delivered

Neuland Laboratories share price chart

Daily closes since Jan 2007, BSE closes Jan 2007 to Oct 2008, adjusted for splits and bonuses

+26.9%over a year · Nifty MidSmall Healthcare +15.4% · Nifty 500 −8.8%

Results20-session average 44,977 shares a day, 48.7% delivered

About Neuland Laboratories

Neuland Laboratories is a Hyderabad-based maker of active pharmaceutical ingredients (APIs, the substance in a medicine that produces its effect) for pharmaceutical and biotechnology companies.12 Its Custom Manufacturing Solutions (CMS) business develops and makes APIs and intermediates for new drugs under exclusive contracts with innovators; its Generic Drug Substances (GDS) business makes non-exclusive generic APIs for regulated markets.134 It chooses not to compete with its customers in generic finished medicines.5

GDS sells Prime APIs, large-volume mature molecules such as Mirtazapine, Ezetimibe and Escitalopram, and Specialty APIs, complex low-volume molecules such as Apixaban, Paliperidone Palmitate Sterile, Donepezil and Dorzolamide.46 Davuluri Rama Mohan Rao founded the company in 1984 and is its Executive Chairman.7 Its shares were listed in 1994, US operations began in 2004, and in 2018 it bought the advanced intermediates and API plant that is now Unit III.89

It runs 3 manufacturing units around Hyderabad and an R&D centre there, with business development offices in Princeton (US), Lugano (Switzerland) and Tokyo.101112 Its wholly owned subsidiaries, Neuland Laboratories K.K. in Japan and Neuland Laboratories Inc. in the US, provide marketing and business support.13 Davuluri Saharsh Rao is Chief Executive Officer and Managing Director; Davuluri Sucheth Rao, chief executive from 2009 until March 2026, is Executive Vice-Chairman.14 Promoters held 33% of the shares at the end of June 2026.15

Neuland Laboratories key points

Results

  • On a standalone basis (the company alone, without its subsidiaries), total income for the quarter to Jun 2026 was ₹650.1 crore against ₹300.6 crore a year earlier, and profit after tax ₹147.4 crore against ₹13.7 crore.1617
  • Standalone EBITDA (earnings before interest, tax, depreciation and amortisation) for the quarter to Jun 2026 was ₹231.1 crore, a margin of 35.5%.1816
  • In the year to Mar 2026, standalone total income crossed ₹2,000 crore, at ₹2,053.1 crore against ₹1,497.3 crore a year earlier. The company said favourable foreign exchange movements also contributed to the year's results.1920
  • Standalone EBITDA for the year to Mar 2026 was ₹603.4 crore against ₹342.8 crore a year earlier, a margin of 29.4% against 22.9%, and profit after tax was ₹363.1 crore against ₹259.4 crore.2120

Where revenue comes from

  • Share of revenue by end market, quarter to Jun 20262223
    Itemquarter to Jun 2026
    Europe50%
    North America42%
    Latin America2%
    Middle East and North Africa2%
    Asia Pacific2%
    Japan1%
    India1%
    Neuland serves customers in more than 80 countries.

Plants and capacity

  • API manufacturing capacity by plant, in kilolitres (kL) of reactor volume2425
    Itemquarter to Jun 2026
    Unit III, Gaddapotharam581 kL
    Unit II, Pashamylaram389 kL
    Unit I, Bonthapally256 kL
    Total API manufacturing capacity is 1,226 kL.
  • In the year to Mar 2026, Unit III commissioned a new 52 kL block and Unit I added a 19 kL block for large-volume generic products.2627

Custom manufacturing (CMS)

  • Active CMS projects by stage, end of June 202628
    Itemquarter to Jun 2026
    Pre-clinical17
    Phase 123
    Phase 220
    Phase 313
    Pre-registration or registration7
    Commercial19
    Total99
    Phases 1 to 3 are clinical trials in people.
  • On its earnings call of 5 Aug 2026, the company said its commercial CMS business is driven by a handful of molecules, maybe about 3, and that orders for them may not come every quarter.29
  • In the year to Mar 2026, the CMS business worked with 39 customers, on more projects than a year earlier.30
  • On its earnings call of 5 Aug 2026, the company said it expects 1 more CMS molecule to become commercial this year, and probably 1, maybe 2, next year.31

Generic APIs (GDS)

  • In the year to Mar 2026, the Generic Drug Substances business saw a dip, which the company attributes to a few key products; some customers' regulatory problems cut expected volumes of certain profitable products.3233
  • On its earnings call of 5 Aug 2026, the company described a strategic collaboration with Gland Pharma in sterile APIs for niche generics, an asset-light arrangement for Neuland.3435
  • In the year to Mar 2026, Neuland filed 2 new Drug Master Files (DMFs, dossiers regulators use to review an API maker), for Vonoprazan and Edoxaban.36
  • Across the company, Neuland had filed more than 1,010 DMFs worldwide and had 75 active US DMFs as of June 2026.37

Expansion and capital spending

  • On its earnings call of 5 Aug 2026, the company said it had approved ₹1,460 crore of capital spending over the last 13 quarters and spent ₹870 crore of it, with the balance committed to projects under implementation.38
  • The company stated in its annual report for the year to Mar 2026 that it plans ₹254 crore of spending to raise peptide (short chains of amino acids used as medicines) reactor capacity from 0.5 kL to 6.37 kL.39
  • The company stated in its annual report for the year to Mar 2026 that it is moving R&D to a new campus of around 135,000 to 140,000 sq. ft. in Hyderabad's Genome Valley, backed by around ₹190 crore.4041

What the company expects

  • On its earnings call of 5 Aug 2026, the company said it has always aspired to grow about 20% and expects to grow that way in the years to Mar 2027 and Mar 2028, but would not commit to a growth rate.42
  • On its earnings call of 5 Aug 2026, the company said it plans for an EBITDA margin of 25% plus over the long term, noting favourable exchange rates.43

Recent events

  • The US FDA inspected Unit III from 10 to 14 Aug 2026 and issued a Form 483 (a list of inspection observations) with 1 observation, on water and environmental monitoring. On 14 Oct 2026, the company said the FDA had closed the inspection.4445
  • On 25 Aug 2026, Crisil Ratings reaffirmed the company's long-term credit rating (an agency's view of its ability to repay debt) at CRISIL A+, revised its outlook to Positive, and reaffirmed its short-term rating at CRISIL A1.46
  • On 13 Jul 2026, India Ratings and Research affirmed the company's bank loan rating at IND A+/Positive/IND A1.47

Last updated

All 47 sources, each with its page
  1. 1. Annual report, 9 Jul 2026, page 5
  2. 2. Annual report, 9 Jul 2026, page 81
  3. 3. Annual report, 9 Jul 2026, page 10
  4. 4. Annual report, 9 Jul 2026, page 8
  5. 5. Annual report, 9 Jul 2026, page 67
  6. 6. Annual report, 9 Jul 2026, page 82
  7. 7. Annual report, 9 Jul 2026, page 18
  8. 8. Annual report, 9 Jul 2026, page 12
  9. 9. Investor presentation, 5 Aug 2026, page 16
  10. 10. Annual report, 9 Jul 2026, page 6
  11. 11. Annual report, 9 Jul 2026, page 42
  12. 12. Investor presentation, 5 Aug 2026, page 17
  13. 13. Annual report, 9 Jul 2026, page 40
  14. 14. Annual report, 9 Jul 2026, page 18
  15. 15. Investor presentation, 5 Aug 2026, page 28
  16. 16. Investor presentation, 5 Aug 2026, page 30
  17. 17. Earnings call, 5 Aug 2026, page 3
  18. 18. Earnings call, 5 Aug 2026, page 3
  19. 19. Annual report, 9 Jul 2026, page 14
  20. 20. Annual report, 9 Jul 2026, page 4
  21. 21. Annual report, 9 Jul 2026, page 83
  22. 22. Investor presentation, 5 Aug 2026, page 17
  23. 23. Investor presentation, 5 Aug 2026, page 14
  24. 24. Investor presentation, 5 Aug 2026, page 18
  25. 25. Investor presentation, 5 Aug 2026, page 14
  26. 26. Annual report, 9 Jul 2026, page 42
  27. 27. Annual report, 9 Jul 2026, page 42
  28. 28. Investor presentation, 5 Aug 2026, page 11
  29. 29. Earnings call, 5 Aug 2026, page 8
  30. 30. Annual report, 9 Jul 2026, page 47
  31. 31. Earnings call, 5 Aug 2026, page 9
  32. 32. Annual report, 9 Jul 2026, page 86
  33. 33. Annual report, 9 Jul 2026, page 14
  34. 34. Earnings call, 5 Aug 2026, page 6
  35. 35. Earnings call, 5 Aug 2026, page 14
  36. 36. Annual report, 9 Jul 2026, page 82
  37. 37. Investor presentation, 5 Aug 2026, page 14
  38. 38. Earnings call, 5 Aug 2026, page 4
  39. 39. Annual report, 9 Jul 2026, page 20
  40. 40. Annual report, 9 Jul 2026, page 46
  41. 41. Annual report, 9 Jul 2026, page 82
  42. 42. Earnings call, 5 Aug 2026, page 7
  43. 43. Earnings call, 5 Aug 2026, page 14
  44. 44. Exchange filing, 14 Oct 2026, page 1
  45. 45. Exchange filing, 14 Aug 2026, page 1
  46. 46. Exchange filing, 25 Aug 2026, page 1
  47. 47. Exchange filing, 13 Jul 2026, page 1

Results

Consolidated; ₹ crore.Neuland Laboratories quarterly results

Revenue growth, 12 months
+78.3%
Net profit growth, 12 months
+182.6%

Quarter to Jun 2026, against the quarter before

Revenue
₹642 Crdown 17.35%
Net profit
₹148 Crdown 30.56%
Net margin
23.0%

Revenue by quarter

₹311 CrSep 24₹398 CrDec 24₹328 CrMar 25₹293 CrJun 25₹514 CrSep 25₹440 CrDec 25₹776 CrMar 26₹642 CrJun 26
Peak revenue ₹776 Cr, quarter to Mar 2026; lowest ₹293 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹33 CrSep 24₹102 CrDec 24₹28 CrMar 25₹14 CrJun 25₹97 CrSep 25₹41 CrDec 25₹213 CrMar 26₹148 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue311398328293514440776642
Net profit3310228149741213148
Net margin10.6%25.5%8.5%4.7%18.8%9.2%27.4%23.0%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Manufacturing of Active Pharmaceuticals, which carries all its revenue.

Valuation

Today, against the company's own history.Neuland Laboratories PE ratio and valuation

Price to earnings

At or below today's level on 73% of 2,448 trading days over the last 10 years.

LowestHighest
Its median38.10Industry median27.98
Price to book

At or below today's level on 95% of 1,977 trading days since Nov 2018.

LowestHighest
Its median3.04Industry median2.94
Dividend yield

At or below today's level on 55% of 2,457 trading days over the last 10 years.

LowestHighest
Its median0.16%Industry median0.49%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−0.1%+39.9%−28.8%0.3%
3 years+88.4%+30.6%+44.1%0.2%
5 years+42.2%+35.2%+5.0%0.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2025.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Neuland Laboratories shareholding pattern

Shareholding by group

  • Promoters32.26%
  • Foreign institutions21.93%
  • Indian institutions16.26%
  • Individuals and others29.55%
Holder
Davuluri Ownership Trust (Dr. Davuluri Ramamohan Rao, Mr. Davuluri Sucheth Rao and Mr. Davuluri Saharsh Rao - Trustees)Promoter25.98%
MALABAR INDIA FUND LIMITEDForeign portfolio investors, category I4.66%
MUKUL MAHAVIR AGRAWALResident individuals, over ₹2 lakh at face value3.12%
DAVULURI SUCHETH RAOPromoter2.01%
SIDDHARTH IYERResident individuals, over ₹2 lakh at face value1.72%
RAMAMOHAN RAO DAVULURIPromoter1.63%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 2.32% of their shares. Since Jun 2026: promoters −0.36 pts, foreign institutions +0.85 pts, Indian institutions −0.25 pts, mutual funds −0.21 pts.

Mutual fund holdings

127 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 52 of the 70 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 127 funds holding Neuland Laboratories

Bought for the first time
4
Bought again
2
Added
29
Cut
41
Held unchanged
51
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Neuland Laboratories insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 1 pledge created · 6 off-market moves
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Neuland Laboratories competitors and peers

Pharmaceuticals, 215 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Neuland Laboratories in market cap.Healthcare companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Wockhardt logoWockhardtWOCKPHARMA31,09176.026.29+18.4%–8.8%7.4%0.00%
Piramal Pharma logoPiramal PharmaPPLPHARMA30,994–3.81+9.4%–−2.6%2.3%0.00%
Acutaas Chemicals logoAcutaas ChemicalsACUTAAS30,37469.1716.35+45.2%+96.1%26.9%30.2%0.07%
Rubicon Research logoRubicon ResearchRUBICON25,88989.8320.09––22.4%25.8%0.10%
Granules India logoGranules IndiaGRANULES22,92634.61–+24.8%+38.1%15.1%15.1%0.21%
Shilpa Medicare logoShilpa MedicareSHILPAMED18,22861.317.03+27.9%+167.6%12.0%10.9%0.06%
Cohance Lifesciences logoCohance LifesciencesCOHANCE18,214171.454.66+41.2%−58.5%3.8%3.0%0.00%
Onesource Specialty Pharma logoOnesource Specialty PharmaONESOURCE18,091–3.06+10.7%−103.9%0.0%1.5%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Neuland Laboratories dividend history

Dividend per share, ₹, restated for later splits and bonuses

Mar 17Mar 181.2Mar 192Mar 205Mar 215Mar 2210Mar 2314Mar 2412Mar 2534Mar 26
Highest ₹34.00 a share, year to Mar 2026.
Ex-dateTypePer share
24 Jul 2026Final₹34.00
18 Jul 2025Final₹12.00
12 Jul 2024Final₹14.00
11 Jul 2023Final₹10.00
14 Jul 2022Final₹5.00
29 Jun 2021Final₹3.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Neuland Laboratories announcements

Neuland Laboratories share price by year

Each calendar year to 2025.Neuland Laboratories share price history

YearClose at year endChangeHighest closeLowest close
202515,175.00+10.6%18,113.0010,487.30
202413,723.80+159.4%17,846.355,282.55
20235,291.40+217.4%5,466.951,398.75
20221,666.95+7.9%1,938.95973.40
20211,545.05+41.1%2,695.251,090.30
20201,095.30+161.9%1,289.90255.35
2019418.15−8.8%784.65388.15
2018458.35−48.7%893.40433.20
2017892.85−13.5%1,601.40858.35
20161,032.30+29.3%1,063.65523.55
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 202619,055.0019,485.0019,055.0019,315.0019,306.9122,94443.0%
26 Oct 202618,500.0019,210.0018,485.0019,055.0018,988.7025,45846.9%
23 Oct 202619,020.0019,050.0018,120.0018,865.0018,645.6553,34748.3%
22 Oct 202618,985.0019,125.0018,530.0018,935.0018,881.7440,44259.5%
21 Oct 202619,220.0019,380.0018,500.0018,975.0018,861.9060,54457.0%
19 Oct 202619,690.0019,940.0019,135.0019,220.0019,471.7531,50151.8%
16 Oct 202619,960.0020,175.0019,600.0019,675.0019,943.2726,55038.2%
15 Oct 202620,350.0020,400.0019,805.0019,955.0019,977.1845,29259.9%
14 Oct 202620,385.0020,405.0020,050.0020,200.0020,187.8531,59047.7%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Rights issue history

Ex-dateEventPrice factorWhat happened
13 Aug 2014Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
21 Mar 2012Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
Each event is noted and not adjusted for.

Company details

Chairperson
Davuluri Rama Mohan Rao
At the end of the quarter to Sep 2026
Managing director and CEO
Davuluri Saharsh Rao
At the end of the quarter to Sep 2026
NSE symbol
NEULANDLAB
BSE code
524558
ISIN
INE794A01010
Industry
Pharmaceuticals & Biotechnology
CIN
L85195TG1984PLC004393
Corporate identity number, the registrar of companies' code for it
Incorporated
1984
Registered office
Sanali Info Park, A Block, Ground Floor, 8-2-120/113, Road No. 2, Banjara Hills, Hyderabad 500034, Telangana
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments