Cash flow Quest Laboratories Limited

Stocks

QUESTLAB

INE0TNW01017

Pharmaceuticals

Delayed NSE India S.E. 10:35:25 05/10/2026 am IST			5-day change	1st Jan Change
94.65 ^INR	+3.05%		+10.38%	-14.03%

13/09	Quest Laboratories Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI
13/02	Quest Laboratories Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI

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Published financial data: QUEST LABORATORIES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	59Cr	62Cr	83Cr	103.97Cr	111.82Cr
Other Revenues, Total	-	-	-	1T	-
Total Revenues	59Cr	62Cr	83Cr	103.97Cr	111.82Cr
Cost of Goods Sold, Total	45Cr	42Cr	52Cr	81Cr	88Cr
Gross Profit	15Cr	20Cr	30Cr	23Cr	24Cr
Selling General & Admin Expenses, Total	3.26Cr	3.59Cr	4.28Cr	4.33Cr	4.76Cr
Depreciation & Amortization - (IS)	46.03L	54.98L	56.78L	63.6L	82.45L
Other Operating Expenses	5.13Cr	8.17Cr	10Cr	1.36Cr	1.13Cr
Other Operating Expenses, Total	8.84Cr	12Cr	15Cr	6.32Cr	6.72Cr
Operating Income	6.04Cr	7.4Cr	15Cr	17Cr	18Cr
Interest Expense, Total	-26.55L	-51.97L	-72.69L	-84.3L	-1.76Cr
Interest And Investment Income	4L	10L	22.91L	2.59Cr	2.24Cr
Net Interest Expenses	-22.66L	-42.22L	-49.78L	1.75Cr	48.16L
Other Non Operating Income (Expenses)	-3L	-2L	-4L	-6L	-9L
EBT, Excl. Unusual Items	5.79Cr	6.96Cr	14Cr	19Cr	18Cr
Gain (Loss) On Sale Of Assets	-	40T	-	-	-
EBT, Incl. Unusual Items	5.79Cr	6.96Cr	14Cr	19Cr	18Cr
Income Tax Expense	1.62Cr	1.93Cr	4.35Cr	5.12Cr	3.09Cr
Earnings From Continuing Operations	4.17Cr	5.03Cr	10Cr	14Cr	15Cr
Net Income to Company	4.17Cr	5.03Cr	10Cr	14Cr	15Cr
Net Income - (IS)	4.17Cr	5.03Cr	10Cr	14Cr	15Cr
Net Income to Common Incl Extra Items	4.17Cr	5.03Cr	10Cr	14Cr	15Cr
Net Income to Common Excl. Extra Items	4.17Cr	5.03Cr	10Cr	14Cr	15Cr
Per Share Items
Net EPS - Basic	3.86	4.66	8.46	8.28	9.08
Basic EPS - Continuing Operations	3.86	4.66	8.46	8.28	9.08
Basic Weighted Average Shares Outstanding	1.08Cr	1.08Cr	1.19Cr	1.64Cr	1.64Cr
Net EPS - Diluted	3.86	4.66	8.46	8.28	9.07
Diluted EPS - Continuing Operations	3.86	4.66	8.46	8.28	9.07
Diluted Weighted Average Shares Outstanding	1.08Cr	1.08Cr	1.19Cr	1.64Cr	1.64Cr
Normalized Basic EPS	3.35	4.03	7.56	7.13	6.85
Normalized Diluted EPS	3.35	4.03	7.56	7.13	6.85
Supplemental Items
EBITDA	6.5Cr	7.95Cr	16Cr	18Cr	18Cr
EBITA	6.04Cr	7.4Cr	15Cr	17Cr	18Cr
EBIT	6.04Cr	7.4Cr	15Cr	17Cr	18Cr
EBITDAR	6.51Cr	7.96Cr	16Cr	18Cr	18Cr
Total Revenues (As Reported)	60Cr	62Cr	83Cr	108.21Cr	114.22Cr
Effective Tax Rate - (Ratio)	27.99	27.75	30.13	27.39	17.2
Total Current Taxes	1.55Cr	1.79Cr	4.21Cr	4.57Cr	3.5Cr
Total Deferred Taxes	7L	13.95L	14.54L	54.6L	-40.92L
Normalized Net Income	3.62Cr	4.35Cr	9.03Cr	12Cr	11Cr
Interest on Long-Term Debt	-	-	2.58T	84.26L	1.76Cr
Non-Cash Pension Expense	-	2L	20T	-	-
Supplemental Operating Expense Items
Advertising Expense	5T	41T	81.92T	4L	63T
Selling and Marketing Expenses	5T	41T	81.92T	4L	63T
Net Rental Expense, Total	1L	1L	24.59T	60T	25T
Imputed Operating Lease Interest Expense	78.94T	2L	31.16T	22.9T	18.49T
Imputed Operating Lease Depreciation	35.65T	-20.73T	-6.57T	37.1T	6.51T
Maintenance & Repair Expenses, Total	12.52L	12.59L	10.18L	7L	5L

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	6L	2.5Cr	14.36L	11.29L	10.48L
Short Term Investments	-	-	-	48Cr	11Cr
Trading Asset Securities, Total	-	-	-	1.71Cr	1.53Cr
Total Cash And Short Term Investments	6L	2.5Cr	14.36L	49Cr	12Cr
Accounts Receivable, Total	22Cr	20Cr	23Cr	30Cr	36Cr
Other Receivables	1.58Cr	2.02Cr	91.68L	71.9L	1.04Cr
Notes Receivable	13.55L	7L	9L	88T	-
Total Receivables	24Cr	22Cr	24Cr	31Cr	37Cr
Inventory	1.09Cr	11Cr	16Cr	21Cr	39Cr
Prepaid Expenses	2L	2L	1L	1L	3L
Other Current Assets, Total	62.69L	36.13L	94.1L	5.46Cr	4.4Cr
Total Current Assets	26Cr	36Cr	42Cr	106.95Cr	93Cr
Gross Property Plant And Equipment	10Cr	13Cr	14Cr	16Cr	21Cr
Accumulated Depreciation	-2.67Cr	-3.22Cr	-3.79Cr	-4.4Cr	-5.11Cr
Net Property Plant And Equipment	7.38Cr	9.84Cr	10Cr	12Cr	16Cr
Long-term Investments	9L	9L	9L	2.92Cr	3.33Cr
Loans Receivable Long-Term	8L	-	8L	-	-
Other Long-Term Assets, Total	1.92Cr	66.16L	7.28Cr	1T	1T
Total Assets	35Cr	47Cr	59Cr	121.65Cr	112.19Cr
Liabilities
Accounts Payable, Total	17Cr	25Cr	20Cr	5.73Cr	5.61Cr
Accrued Expenses, Total	1.27Cr	67.38L	85.58L	2.1Cr	70.41L
Short-term Borrowings	-	-	3.85Cr	28Cr	6.53Cr
Current Portion of Long-Term Debt	1.79Cr	1.97Cr	-	41.69L	44.23L
Current Income Taxes Payable	1.55Cr	1.5Cr	4.21Cr	28.18L	-
Other Current Liabilities	1.5Cr	7L	12.81L	16.36L	26.45L
Total Current Liabilities	23Cr	29Cr	29Cr	37Cr	14Cr
Long-Term Debt	1.33Cr	2.13Cr	1.23Cr	1.36Cr	90.94L
Pension & Other Post Retirement Benefits	-	9L	-	-	-
Deferred Tax Liability Non Current	47.49L	59.84L	76.54L	1.31Cr	90.22L
Other Non Current Liabilities	-	-	-	-	2T
Total Liabilities	25Cr	32Cr	31Cr	40Cr	15Cr
Common Stock, Total	1.08Cr	1.08Cr	12Cr	16Cr	16Cr
Additional Paid In Capital	1.6Cr	1.6Cr	2.3Cr	37Cr	-
Retained Earnings	7.38Cr	12Cr	14Cr	28Cr	-
Comprehensive Income and Other	-	-	-	-	80Cr
Total Common Equity	10Cr	15Cr	29Cr	82Cr	97Cr
Total Equity	10Cr	15Cr	29Cr	82Cr	97Cr
Total Liabilities And Equity	35Cr	47Cr	59Cr	121.65Cr	112.19Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.08Cr	1.08Cr	1.19Cr	1.64Cr	1.64Cr
ECS Total Common Shares Outstanding	1.08Cr	1.08Cr	1.19Cr	1.64Cr	1.64Cr
Book Value / Share	9.32	13.93	23.99	49.92	59.08
Tangible Book Value	10Cr	15Cr	29Cr	82Cr	97Cr
Tangible Book Value Per Share	9.32	13.93	23.99	49.92	59.08
Total Debt	3.13Cr	4.1Cr	5.08Cr	30Cr	7.89Cr
Net Debt	3.06Cr	1.6Cr	4.94Cr	-19Cr	-4.4Cr
Debt Equivalent Oper. Leases	9L	10.96L	2L	5L	2L
Account Code - Inventory Valuation	5	6	5	5	5
Inventories - Raw Materials, Total	98.49L	11Cr	16Cr	17Cr	29Cr
Inventories - Work In Process, Total	-	-	-	1Cr	4.31Cr
Inventories - Finished Goods, Total	10.23L	2L	7L	3.19Cr	5.15Cr
Land - (BS)	10.43L	10.43L	10.43L	72.73L	3.94Cr
Buildings, Total	5.31Cr	6.82Cr	7.34Cr	7.31Cr	7.35Cr
Machinery, Total	4.63Cr	6.14Cr	6.56Cr	8.15Cr	8.64Cr
Full Time Employees	-	84	74	50	99

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	4.17Cr	5.03Cr	10Cr	14Cr	15Cr
Depreciation & Amortization - CF	46.03L	54.98L	56.78L	63.6L	82.45L
Depreciation & Amortization, Total	46.03L	54.98L	56.78L	63.6L	82.45L
(Gain) Loss From Sale Of Asset	3L	-40T	-	-	-
Other Operating Activities, Total	11.48L	83.14L	68.02L	-2.3Cr	-2.03Cr
Change In Accounts Receivable	-13Cr	2.12Cr	-3.47Cr	-5.6Cr	-6.18Cr
Change In Inventories	-25.92L	-10Cr	-4.97Cr	-5.25Cr	-17Cr
Change In Accounts Payable	9.08Cr	7.56Cr	-4.99Cr	-18Cr	-12.09L
Change in Other Net Operating Assets	2.47Cr	-2.38Cr	5.1Cr	-6.06Cr	-75.45L
Cash from Operations	3.15Cr	3.63Cr	3.01Cr	-23Cr	-11Cr
Capital Expenditure	-1.93Cr	-3.07Cr	-93.99L	-3.47Cr	-5.33Cr
Sale of Property, Plant, and Equipment	55T	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-44Cr	38Cr
Other Investing Activities, Total	-1.21Cr	10L	-4.09Cr	3.24Cr	2.57Cr
Cash from Investing	-3.14Cr	-2.97Cr	-5.03Cr	-44Cr	35Cr
Short Term Debt Issued, Total	-	17.94L	-	25Cr	-
Long-Term Debt Issued, Total	-	79.21L	-	45.77L	-
Total Debt Issued	-	97.15L	-	25Cr	-
Short Term Debt Repaid, Total	-	-	-	-	-22Cr
Long-Term Debt Repaid, Total	-	-	-64.66L	-	-44.74L
Total Debt Repaid	-	-	-64.66L	-	-22Cr
Issuance of Common Stock	-	-	3.45Cr	43Cr	-
Other Financing Activities, Total	-5L	-70.48L	-76.39L	-90.56L	-1.85Cr
Cash from Financing	-5L	26.67L	2.04Cr	67Cr	-24Cr
Miscellaneous Cash Flow Adjustments	-1	-	-	-16.45L	-
Net Change in Cash	-4L	92.77L	2L	-3L	-81T
Supplemental Items
Cash Interest Paid	9L	53.84L	76.39L	90.55L	1.85Cr
Cash Income Tax Paid (Refund)	1.55Cr	1.56Cr	4.21Cr	4.09Cr	4.58Cr
Levered Free Cash Flow	61.86L	-81.98L	-1.42Cr	-25Cr	-19Cr
Unlevered Free Cash Flow	78.45L	-49.5L	-96.85L	-24Cr	-18Cr
Change In Net Working Capital	1.52Cr	2.6Cr	9.96Cr	32Cr	24Cr
Net Debt Issued / Repaid	-	97.15L	-64.66L	25Cr	-22Cr

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	14.11	11.35	17.63	11.66	9.39
Return on Total Capital	34.17	28.68	35.38	14.57	10.12
Return On Equity %	52.26	40.2	46.15	24.56	16.64
Return on Common Equity	52.26	40.2	46.15	24.56	16.64
Margin Analysis
Gross Profit Margin %	25.03	31.96	36.6	22.43	21.72
SG&A Margin	5.48	5.82	5.19	4.16	4.26
EBITDA Margin %	10.93	12.89	18.83	16.96	16.45
EBITA Margin %	10.16	12	18.14	16.35	15.71
EBIT Margin %	10.16	12	18.14	16.35	15.71
Income From Continuing Operations Margin %	7	8.16	12.23	13.05	13.3
Net Income Margin %	7	8.16	12.23	13.05	13.3
Net Avail. For Common Margin %	7	8.16	12.23	13.05	13.3
Normalized Net Income Margin	6.08	7.05	10.94	11.23	10.04
Levered Free Cash Flow Margin	1.04	-1.33	-1.72	-23.75	-16.95
Unlevered Free Cash Flow Margin	1.32	-0.8	-1.17	-23.24	-15.96
Asset Turnover
Asset Turnover	2.22	1.51	1.55	1.14	0.96
Fixed Assets Turnover	8.94	7.16	8.24	9.44	7.95
Receivables Turnover (Average Receivables)	3.81	2.94	3.81	3.82	3.38
Inventory Turnover (Average Inventory)	46.57	6.85	3.84	4.3	2.92
Short Term Liquidity
Current Ratio	1.1	1.25	1.45	2.88	6.83
Quick Ratio	1.02	0.85	0.85	2.15	3.65
Operating Cash Flow to Current Liabilities	0.14	0.13	0.11	-0.63	-0.79
Days Sales Outstanding (Average Receivables)	95.77	124.35	96.08	95.62	108.12
Days Outstanding Inventory (Average Inventory)	7.84	53.28	95.37	84.84	125.07
Average Days Payable Outstanding	101.77	146.14	141.17	56	19.75
Cash Conversion Cycle (Average Days)	1.84	31.49	50.27	124.47	213.44
Long Term Solvency
Total Debt/Equity	31.08	27.27	17.74	36.99	8.14
Total Debt / Total Capital	23.71	21.43	15.07	27	7.53
LT Debt/Equity	13.28	14.16	4.29	1.66	0.94
Long-Term Debt / Total Capital	10.13	11.12	3.65	1.21	0.87
Total Liabilities / Total Assets	71.3	67.8	51.69	32.75	13.7
EBIT / Interest Expense	22.76	14.23	20.61	20.16	9.96
EBITDA / Interest Expense	24.5	15.29	21.39	20.92	10.43
(EBITDA - Capex) / Interest Expense	17.22	9.39	20.1	16.8	7.41
Total Debt / EBITDA	0.48	0.52	0.33	1.72	0.43
Net Debt / EBITDA	0.47	0.2	0.32	-1.08	-0.24
Total Debt / (EBITDA - Capex)	0.68	0.84	0.35	2.14	0.6
Net Debt / (EBITDA - Capex)	0.67	0.33	0.34	-1.35	-0.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	95.91	3.63	33.94	25.92	7.56
Gross Profit, 1 Yr. Growth %	157.28	32.52	53.25	-19	4.01
EBITDA, 1 Yr. Growth %	323.67	22.06	95.13	13.3	4.12
EBITA, 1 Yr. Growth %	429.53	22.25	101.94	13.35	2.48
EBIT, 1 Yr. Growth %	429.53	22.25	101.94	13.35	2.48
Earnings From Cont. Operations, 1 Yr. Growth %	536.37	22.5	100.08	34.4	8.45
Net Income, 1 Yr. Growth %	536.37	22.5	100.08	34.4	8.45
Normalized Net Income, 1 Yr. Growth %	583.61	20.08	107.03	29.34	-4.62
Diluted EPS Before Extra, 1 Yr. Growth %	536.37	22.5	80.83	34.4	8.39
Accounts Receivable, 1 Yr. Growth %	140.99	-9.63	17.41	22.86	20.59
Inventory, 1 Yr. Growth %	31.31	926.23	44.51	32.53	80.73
Net Property, Plant and Equip., 1 Yr. Growth %	24.24	33.41	3.78	15.12	37.08
Total Assets, 1 Yr. Growth %	89.5	34.05	26.31	100.95	-7.89
Tangible Book Value, 1 Yr. Growth %	70.75	50.31	89.7	185.35	18.15
Common Equity, 1 Yr. Growth %	70.75	50.31	89.7	185.35	18.15
Cash From Operations, 1 Yr. Growth %	87.34	5.08	-22.33	-874.08	-54.31
Capital Expenditures, 1 Yr. Growth %	-	58.86	-68.81	269.33	-
Levered Free Cash Flow, 1 Yr. Growth %	-	-232.21	87.95	1.08T	-11.04
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-162.6	119.72	1.37T	-14.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	42.52	17.81	29.87	16.38
Gross Profit, 2 Yr. CAGR %	-	84.7	42.57	8.75	-8.15
EBITDA, 2 Yr. CAGR %	-	133.79	54.54	48.76	8.71
EBITA, 2 Yr. CAGR %	-	164.16	57.36	51.37	8.24
EBIT, 2 Yr. CAGR %	-	164.16	57.36	51.37	8.24
Earnings From Cont. Operations, 2 Yr. CAGR %	-	177.08	56.81	63.99	21.38
Net Income, 2 Yr. CAGR %	-	177.08	56.81	63.99	21.38
Normalized Net Income, 2 Yr. CAGR %	-	197.14	57.92	63.64	11.5
Diluted EPS Before Extra, 2 Yr. CAGR %	-	177.08	49.07	33.06	21.35
Accounts Receivable, 2 Yr. CAGR %	-	47.58	3.01	22.73	21.72
Inventory, 2 Yr. CAGR %	-	267.08	285.09	38.39	54.77
Net Property, Plant and Equip., 2 Yr. CAGR %	-	28.74	17.67	9.45	26.07
Total Assets, 2 Yr. CAGR %	-	59.24	30.53	60.98	36.13
Tangible Book Value, 2 Yr. CAGR %	-	59.72	69.3	132.76	83.78
Common Equity, 2 Yr. CAGR %	-	59.72	69.3	132.76	83.78
Cash From Operations, 2 Yr. CAGR %	-	86.2	-6.61	145.21	87.92
Capital Expenditures, 2 Yr. CAGR %	-	59.41	-30.23	7.32	138.23
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	51.48	471.11	200.59
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	10.67	640.42	229.15
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	39.58	20.46	21.96
Gross Profit, 3 Yr. CAGR %	-	-	73.49	16.19	7.2
EBITDA, 3 Yr. CAGR %	-	-	116.37	39.4	32.16
EBITA, 3 Yr. CAGR %	-	-	135.9	41.11	33.3
EBIT, 3 Yr. CAGR %	-	-	135.9	41.11	33.3
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	148.89	48.95	43.38
Net Income, 3 Yr. CAGR %	-	-	148.89	48.95	43.38
Normalized Net Income, 3 Yr. CAGR %	-	-	157.48	47.75	37.05
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	140.63	29.58	24.71
Accounts Receivable, 3 Yr. CAGR %	-	-	36.74	10.83	22.01
Inventory, 3 Yr. CAGR %	-	-	169.03	169.87	51.27
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	19.82	16.92	18.26
Total Assets, 3 Yr. CAGR %	-	-	47.47	51.77	33.7
Tangible Book Value, 3 Yr. CAGR %	-	-	69.44	101.53	85.78
Common Equity, 3 Yr. CAGR %	-	-	69.44	101.53	85.78
Cash From Operations, 3 Yr. CAGR %	-	-	21.47	89	39.98
Capital Expenditures, 3 Yr. CAGR %	-	-	-7.99	21.6	20.96
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	69.91	241.48	192.54
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	105.57	212.65	243.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	31.56	29.79
Gross Profit, 5 Yr. CAGR %	-	-	-	39.89	33.23
EBITDA, 5 Yr. CAGR %	-	-	-	75.36	64.33
EBITA, 5 Yr. CAGR %	-	-	-	88.14	72.78
EBIT, 5 Yr. CAGR %	-	-	-	88.14	72.78
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	116.35	86.75
Net Income, 5 Yr. CAGR %	-	-	-	116.35	86.75
Normalized Net Income, 5 Yr. CAGR %	-	-	-	113.71	84.23
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	99.04	71.75
Accounts Receivable, 5 Yr. CAGR %	-	-	-	32.54	31.66
Inventory, 5 Yr. CAGR %	-	-	-	38.19	115.65
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	17.84	22.35
Total Assets, 5 Yr. CAGR %	-	-	-	44.75	43.42
Tangible Book Value, 5 Yr. CAGR %	-	-	-	73.3	75.06
Common Equity, 5 Yr. CAGR %	-	-	-	73.3	75.06
Cash From Operations, 5 Yr. CAGR %	-	-	-	81.43	44.64
Capital Expenditures, 5 Yr. CAGR %	-	-	-	36.53	34.62
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	130.69
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	175.98