
As of Mar 2022, IPCA Laboratories had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings fell 18.99% from Mar 2023.
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 25.37 | 25.37 | 25.37 | 25.37 |
| Reserves | 8,500 | 4,404 | 4,899 | 5,531 | 6,629 |
| Borrowings | 1,200 | 1,481 | 1,438 | 1,363 | 809 |
| Other liabilities | 3,500 | 1,230 | 1,936 | 2,010 | 2,037 |
| Total liabilities | 13,700 | 8,626 | 11,101 | 11,761 | 12,370 |
| Fixed assets | 6,500 | 2,732 | 4,696 | 4,763 | 5,271 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 1,725 | 2,220 | 2,352 | 2,474 |
| Other assets | 4,300 | 2,588 | 3,330 | 3,528 | 3,711 |
| Total assets | 13,700 | 8,626 | 11,101 | 11,761 | 12,370 |
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
IPCA Laboratories reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹1,481 crore as of Mar 2023.
Based on the Mar 2022 balance sheet, IPCA Laboratories' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
IPCA Laboratories' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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