Brooks Laboratories
- Market cap
- ₹ 189 Cr.
- P/E
- 57.2x
- P/B
- 1.6x
- 52-week range
- 36.3 – 112.4
- ROE
- 22%
- ROCE
- 21%
- Dividend yield
- 0%
- Debt / equity
- 0.07
- Sector
- Pharmaceuticals & Biotechnology
- Industry
- Pharmaceuticals
- Listed on
- NSE, BSE
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Pharmaceuticals: 222 companies →Brooks Laboratories against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)57.2 against a typical 33.1: pricier than most peers (1st = cheapest).163rd of 221
- Sales growth−17.4% against a typical +17.4% from a year earlier.175th of 199
- Profit growth+750% against a typical +22.2% from a year earlier.6th of 162
- Share price, 3 months+2.5% against a typical +2.6%.103rd of 204
- Size₹ 188.7 Cr. market value against a typical ₹ 484.8 Cr. (1st = largest).121st of 203
Latest announcements
Exchange filings and their impact on the company.
- Rs 74.7 cr stake-sale gain drives record profit and cash pile despite 14% sales fall.
AIAI analysisVery positive for shareholdersHigh impact Rs 74.7 cr stake-sale gain drives record profit and cash pile despite 14% sales fall.
Brooks Laboratories reported Q2 FY27 standalone revenue of Rs 19.25 cr, down 18% from last year, and H1 revenue of Rs 42.21 cr. It sold 11.48% of its joint venture Brooks Steriscience for Rs 74.74 cr, booking a Rs 74.7 cr exceptional gain. This lifted H1 consolidated net profit to Rs 65.82 cr and bank balances to Rs 64.12 cr, though the retained 37.52% JV share made a Rs 5.58 cr loss.
Why it matters: Partial divestment of 11.48% in Brooks Steriscience for Rs 74.74 cr creates Rs 74.7 cr exceptional gain, ~87% of FY26 sales and ~42% of market cap, lifting H1 net profit to Rs 65.8 cr and bank balances to Rs 64.1 cr while core Q2 revenue fell 18% YoY.
For shareholders: One-off Rs 74.7 cr cash gain and stronger balance sheet dwarf weak core sales and JV losses for shareholders.
Estimated effect over the next 12 months
Estimated effect over the next 12 months Metric Now Estimated change Confidence Revenue ₹ 86 Cr. FY26 year ended Mar 2026▼ −15% to −8% · −₹ 12.9 Cr. to −₹ 6.88 Cr. H1 FY27 revenue Rs 42.21 cr down 13.8% YoY and Q2 down 18% YoY; annualizing implies ~Rs 75 cr in next 12 months vs Rs 86 cr baseline70% Operating margin 8% FY26 year ended Mar 2026▼ −4 pts to −2 pts Q2 segment margin ~3.1% vs 9.5% prior year and H1 profit before JV/tax Rs 2.02 cr on Rs 42.21 cr sales; full-year margin likely 4-6% vs 8% baseline65% Net profit ₹ 25 Cr. FY26 year ended Mar 2026▲ +150% to +190% · +₹ 37.5 Cr. to +₹ 47.5 Cr. Rs 74.7 cr exceptional gain on BSL stake sale already booked in H1; H1 consolidated net profit Rs 65.82 cr vs Rs 17.56 cr prior H1, so reported 12-month profit ~Rs 62-72 cr vs Rs 25 cr baseline90% EPS ₹ 8.35 FY26 year ended Mar 2026▲ +156% to +180% · +₹ 13 to +₹ 15 H1 consolidated EPS Rs 22.35 already exceeds full FY26 EPS Rs 8.35 due to Rs 74.7 cr gain on 2.95 cr shares; full 12-month EPS likely Rs 21-2390% Net debt ₹ 19.29 Cr. LFY as of 2026-08-20 context▼ −389% to −337% · −₹ 75 Cr. to −₹ 65 Cr. Rs 74.74 cr cash consideration received, Rs 64.12 cr parked in bank balances at Sep 2026 and Rs 1.78 cr net debt repaid; net debt turns to large net cash85% Market cap ₹ 176.37 Cr. 2026-10-29 market data▲ +20% to +40% · +₹ 35.27 Cr. to +₹ 70.55 Cr. Rs 74.7 cr cash gain equals ~42% of market cap and lifts book value ~55%; assume market capitalizes part of cash buffer despite weak core sales50% Working capital 34 days FY26 working capital days 34 days▲ +14.7% to +29.4% · +5 to +10 Sep 2026 receivables up to Rs 18.06 cr from Rs 16.11 cr at Mar 2026 and payables down, while sales fell; cash conversion likely stretches 5-10 days55% Capex ₹ 16 Cr. FY26 fixed assets Rs 15 cr plus CWIP Rs 1 cr▲ +12.5% to +25% · +₹ 2 Cr. to +₹ 4 Cr. H1 purchase of PPE Rs 2.72 cr and CWIP up to Rs 1.98 cr at Sep 2026; assume continued small maintenance capex Rs 2-4 cr funded from sale proceeds60% Net worth ₹ 122 Cr. FY26 equity Rs 29 cr plus reserves Rs 93 cr▲ +53.3% to +61.5% · +₹ 65 Cr. to +₹ 75 Cr. Consolidated equity already Rs 188.48 cr at Sep 2026 vs Rs 122.66 cr at Mar 2026 due to Rs 65.82 cr H1 profit including Rs 74.7 cr gain less Rs 5.58 cr JV loss90% Generated by AI from the original document. It can be wrong or incomplete and is not investment advice. Check the source before acting on it. Estimates are rough projections, not forecasts by Minerva Capital Research Solutions.
Brooks Laboratories reported Q2 FY27 standalone revenue of Rs 19.25 cr, down 18% from last year, and H1 revenue of Rs 42.21 cr. It sold 11.48% of its joint venture Brooks Steriscience for Rs 74.74 cr, booking a Rs 74.7 cr exceptional gain. This lifted H1 consolidated net profit to Rs 65.82 cr and bank balances to Rs 64.12 cr, though the retained 37.52% JV share made a Rs 5.58 cr loss.
- Board approved demerger of manufacturing business with 97% of sales into WOS for separate listing on 1:1 basis.
AIAI analysisPositive for shareholdersLow impact Board approved demerger of manufacturing business with 97% of sales into WOS for separate listing on 1:1 basis.
Brooks Laboratories' board on October 14, 2026 approved demerger of its Baddi manufacturing business, which was Rs 82.87 crore or 96.66% of FY26 turnover, into its wholly-owned Abridge Speciality Limited. Shareholders will get 1 share of Abridge for every 1 share held, and Abridge will seek listing on BSE and NSE, with the two companies to be renamed Brooks Laboratories and Xuri Lifesciences respectively. The scheme needs stock exchange, SEBI, NCLT and shareholder approvals over an indicative 16-month timeline, creating two focused trading and manufacturing platforms with no cash consideration.
Why it matters: Board on Oct 14, 2026 approved demerger of Manufacturing Business (Rs 82.87 cr, 96.66% of FY26 turnover) into wholly-owned Abridge Speciality for 1:1 listing; NCLT/SEBI approvals guide effectiveness in 10-13 months and listing in 13-16 months, so next-12-month consolidated operations are unchanged except for transaction costs.
For shareholders: 1:1 tax-neutral split preserves shareholders' economic interest while creating focused platforms and listing optionality, outweighing near-term scheme costs and approval risk.
Estimated effect over the next 12 months
Estimated effect over the next 12 months Metric Now Estimated change Confidence Revenue ₹ 86 Cr. FY260% · +₹ 0 Cr. Demerged undertaking Rs 82.87 cr is 96.66% of FY26 turnover, but stays consolidated until Effective Date guided at months 10-13; 12 months to Oct-27 largely pre-effectiveness so consolidated revenue unchanged85% Operating margin 8% FY26▼ −1 pts to −0.5 pts Rs 0.5-1.0 cr scheme, valuation, legal and NCLT costs on ~Rs 86 cr revenue = 0.6-1.2pp drag, with no operating separation yet60% Net profit ₹ 25 Cr. FY26▼ −4% to −2% · −₹ 1 Cr. to −₹ 0.5 Cr. Rs 0.5-1.0 cr transaction costs expensed with no tax benefit assumed = -2% to -4% on FY26 PAT of Rs 25 cr which included Rs 20 cr other income60% EPS ₹ 8.34 FY26▼ −4% to −2% · −₹ 0.34 to −₹ 0.17 Rs 0.5-1.0 cr cost / ~2.95 cr shares outstanding implied by 29457248 shares to be issued 1:1 = Rs 0.17-0.34 EPS drag60% Net debt ₹ 9 Cr. Mar 20260% · +₹ 0 Cr. No cash consideration and no new borrowing disclosed; presentation notes ~Rs 50 cr capital availability each side but no debt raise in next 12 months80% Net worth ₹ 122 Cr. Mar 20260% · +₹ 0 Cr. 1:1 issue by wholly-owned Abridge with cancellation of 10000 shares held by parent; net assets stay in group until effectiveness, only drag is expensed scheme costs80% Generated by AI from the original document. It can be wrong or incomplete and is not investment advice. Check the source before acting on it. Estimates are rough projections, not forecasts by Minerva Capital Research Solutions.
Brooks Laboratories' board on October 14, 2026 approved demerger of its Baddi manufacturing business, which was Rs 82.87 crore or 96.66% of FY26 turnover, into its wholly-owned Abridge Speciality Limited. Shareholders will get 1 share of Abridge for every 1 share held, and Abridge will seek listing on BSE and NSE, with the two companies to be renamed Brooks Laboratories and Xuri Lifesciences respectively. The scheme needs stock exchange, SEBI, NCLT and shareholder approvals over an indicative 16-month timeline, creating two focused trading and manufacturing platforms with no cash consideration.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | — | Stable | 12 Nov 2026 |
| Rating | Details | |||||||||||||||||||||||||||||||||||||||||||||
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| 12 Nov 2026 | ▲ Upgrade1 notch | — | High | CARE | ₹ 12 Cr. | |||||||||||||||||||||||||||||||||||||||||
Rating details
CARE upgraded Brooks to BB+/A4+ after Rs 106 cr stake sale made it net debt free. CARE upgraded Brooks Laboratories long-term bank facilities to BB+ Stable from BB and short-term to A4+ from A4 on Rs 12 cr facilities. The upgrade follows receipt of Rs 106.33 cr from selling a 16.33% stake in Brooks Steriscience, which makes the company net debt free and cut corporate guarantee exposure to Rs 48.15 cr from Rs 116.77 cr. CARE noted FY26 operating margin improved to 8.88% and guided 10-11% ahead, with a proposed demerger of manufacturing into Abridge Speciality. Why it matters: Rs 106.33 cr divestment proceeds (~56% of Rs 188.65 cr market cap and ~87% of Rs 122 cr net worth) makes company net debt free, cuts adjusted gearing from 4.12x and funds capex, with margins guided to 10-11%. For shareholders: Rs 106.33 cr cash wipes out debt, halves guarantee exposure and funds growth internally. Estimated effect over the next 12 months
Generated by AI from the original document. It can be wrong or incomplete and is not investment advice. Check the source before acting on it. Estimates are rough projections, not forecasts by Minerva Capital Research Solutions. | ||||||||||||||||||||||||||||||||||||||||||||||
| 11 Nov 2025 | Reaffirmed | CARE BB | — | CARE | ₹ 12 Cr. | |||||||||||||||||||||||||||||||||||||||||
Rating details
No AI analysis yet for this rating. The agency's rationale has the full reasoning. | ||||||||||||||||||||||||||||||||||||||||||||||
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 7 Nov 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 6 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 14 Nov 2025 | Financial Results | To consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended 30 September 2025 and Other business |
| 13 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 and other business. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22 | 18 | 18 | 21 | 21 | 23 | 26 | 23 | 17 | 20 | 23 | 19 |
| Expenses | 25 | 27 | 20 | 24 | 22 | 25 | 22 | 21 | 16 | 20 | 24 | 21 |
| Operating Profit | −3 | −10 | −2 | −3 | −2 | −1 | 3 | 3 | 1 | 1 | −1 | −2 |
| OPM % | −15% | −54% | −11% | −16% | −7% | −5% | 12% | 11% | 4.4% | 3.4% | −6% | −11% |
| Other Income | 0 | 1 | 0 | 0 | 0 | 1 | 7 | 6 | 5 | 1 | 0 | 76 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | −4 | −10 | −2 | −4 | −2 | −1 | 10 | 8 | 6 | 2 | −2 | 73 |
| Tax % | 1% | 0% | 0% | 0% | 0% | 14% | 0% | 0% | 0% | 0% | 0% | 7% |
| Net Profit | −4 | −10 | −2 | −4 | −2 | −1 | 10 | 8 | 6 | 2 | −2 | 68 |
| EPS in Rs | −1.48 | −3.66 | −0.92 | −1.51 | −0.81 | −0.5 | 3.25 | 2.71 | 1.87 | 0.52 | −0.61 | 22.95 |
| YoY Sales growth | 42 | 41 | 14 | −15 | −6 | 32 | 42 | 13 | −19 | −13 | −10 | −18 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 2%
- 3 Years
- 11%
- TTM
- −15%
- 10 Years
- —
- 5 Years
- 27%
- 3 Years
- 47%
- TTM
- −75%
- 10 Years
- −7%
- 5 Years
- −11%
- 3 Years
- −19%
- TTM
- —
- 10 Years
- —
- 5 Years
- −9%
- 3 Years
- −2%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Prices are delayed and for information only. Nothing on this page is investment advice.