Cash flow Quest Laboratories Limited

Stocks

QUESTLAB

INE0TNW01017

Pharmaceuticals

Delayed NSE India S.E. 07:24:11 15/09/2026 BST			5-day change	1st Jan Change
80.00 ^INR	-5.55%		-2.44%	-27.34%

09-13	Quest Laboratories Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI
02-12	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	595M	616M	826M	1.04B	1.12B
Other Revenues, Total	-	-	-	1K	23.94M
Total Revenues	595M	616M	826M	1.04B	1.14B
Cost of Goods Sold, Total	446M	419M	523M	806M	875M
Gross Profit	149M	197M	302M	233M	267M
Selling General & Admin Expenses, Total	32.58M	35.86M	42.84M	43.27M	47.55M
Depreciation & Amortization - (IS)	4.6M	5.5M	5.68M	6.36M	8.24M
Other Operating Expenses	51.26M	81.67M	104M	13.56M	13.39M
Other Operating Expenses, Total	88.44M	123M	152M	63.2M	69.18M
Operating Income	60.43M	73.96M	150M	170M	198M
Interest Expense, Total	-2.65M	-5.2M	-7.27M	-8.43M	-18.54M
Interest And Investment Income	388K	975K	2.29M	25.92M	-
Net Interest Expenses	-2.27M	-4.22M	-4.98M	17.48M	-18.54M
Other Non Operating Income (Expenses)	-310K	-187K	-370K	-626K	-1K
EBT, Excl. Unusual Items	57.85M	69.56M	144M	187M	180M
Gain (Loss) On Sale Of Assets	-	40K	-	-	-
EBT, Incl. Unusual Items	57.85M	69.6M	144M	187M	180M
Income Tax Expense	16.19M	19.31M	43.52M	51.18M	30.89M
Earnings From Continuing Operations	41.66M	50.28M	101M	136M	149M
Net Income to Company	41.66M	50.28M	101M	136M	149M
Net Income - (IS)	41.66M	50.28M	101M	136M	149M
Net Income to Common Incl Extra Items	41.66M	50.28M	101M	136M	149M
Net Income to Common Excl. Extra Items	41.66M	50.28M	101M	136M	149M
Per Share Items
Net EPS - Basic	3.86	4.66	8.46	8.28	9.07
Basic EPS - Continuing Operations	3.86	4.66	8.46	8.28	9.07
Basic Weighted Average Shares Outstanding	10.79M	10.79M	11.94M	16.39M	16.4M
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	10.79M	10.79M	11.94M	16.39M	16.4M
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	65.03M	79.46M	155M	176M	206M
EBITA	60.43M	73.96M	150M	170M	198M
EBIT	60.43M	73.96M	150M	170M	198M
EBITDAR	65.15M	79.6M	156M	176M	-
Total Revenues (As Reported)	595M	619M	828M	1.08B	1.14B
Effective Tax Rate - (Ratio)	27.99	27.75	30.13	27.39	17.2
Total Current Taxes	15.54M	17.92M	42.07M	45.72M	-
Total Deferred Taxes	651K	1.4M	1.45M	5.46M	-
Normalized Net Income	36.16M	43.47M	90.29M	117M	112M
Interest on Long-Term Debt	-	-	2.58K	8.43M	-
Non-Cash Pension Expense	-	220K	20K	-	-
Supplemental Operating Expense Items
Advertising Expense	5K	41K	81.92K	442K	-
Selling and Marketing Expenses	5K	41K	81.92K	442K	-
Net Rental Expense, Total	115K	137K	24.59K	60K	-
Imputed Operating Lease Interest Expense	78.94K	158K	31.16K	22.9K	-
Imputed Operating Lease Depreciation	35.65K	-20.73K	-6.57K	37.1K	-
Maintenance & Repair Expenses, Total	1.25M	1.26M	1.02M	699K	-

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	618K	24.97M	1.44M	1.13M	1.05M
Short Term Investments	-	-	-	475M	122M
Trading Asset Securities, Total	-	-	-	17.12M	-
Total Cash And Short Term Investments	618K	24.97M	1.44M	493M	123M
Accounts Receivable, Total	221M	199M	234M	300M	362M
Other Receivables	15.75M	20.17M	9.17M	7.19M	10.37M
Notes Receivable	1.36M	685K	919K	88K	-
Total Receivables	238M	220M	244M	308M	373M
Inventory	10.87M	112M	161M	214M	386M
Prepaid Expenses	200K	200K	105K	144K	-
Other Current Assets, Total	6.27M	3.61M	9.41M	54.65M	44.22M
Total Current Assets	256M	361M	416M	1.07B	926M
Gross Property Plant And Equipment	100M	131M	140M	162M	-
Accumulated Depreciation	-26.73M	-32.23M	-37.9M	-43.99M	-
Net Property Plant And Equipment	73.76M	98.39M	102M	118M	163M
Long-term Investments	875K	875K	875K	29.16M	33.34M
Loans Receivable Long-Term	800K	-	800K	-	-
Other Long-Term Assets, Total	19.23M	6.62M	72.77M	1K	1K
Total Assets	350M	466M	593M	1.22B	1.12B
Liabilities
Accounts Payable, Total	170M	246M	196M	57.29M	56.09M
Accrued Expenses, Total	12.74M	6.74M	8.56M	21.01M	-
Short-term Borrowings	-	-	38.51M	285M	69.76M
Current Portion of Long-Term Debt	17.91M	19.7M	-	4.17M	-
Current Income Taxes Payable	15.54M	14.97M	42.07M	2.82M	-
Other Current Liabilities	15.04M	707K	1.28M	1.64M	9.69M
Total Current Liabilities	232M	288M	287M	372M	136M
Long-Term Debt	13.35M	21.27M	12.3M	13.57M	9.09M
Pension & Other Post Retirement Benefits	-	858K	-	-	-
Deferred Tax Liability Non Current	4.75M	5.98M	7.65M	13.11M	9.02M
Other Non Current Liabilities	-	-	-	-	2K
Total Liabilities	250M	316M	306M	398M	154M
Common Stock, Total	10.79M	10.79M	119M	164M	164M
Additional Paid In Capital	15.98M	15.98M	23M	374M	-
Retained Earnings	73.78M	123M	144M	280M	-
Comprehensive Income and Other	-	-	-	-	804M
Total Common Equity	101M	150M	286M	818M	968M
Total Equity	101M	150M	286M	818M	968M
Total Liabilities And Equity	350M	466M	593M	1.22B	1.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.79M	10.79M	11.94M	16.39M	16.41M
ECS Total Common Shares Outstanding	10.79M	10.79M	11.94M	16.39M	16.41M
Book Value / Share	9.32	13.93	23.99	49.92	59.01
Tangible Book Value	101M	150M	286M	818M	968M
Tangible Book Value Per Share	9.32	13.93	23.99	49.92	59.01
Total Debt	31.25M	40.97M	50.81M	303M	78.85M
Net Debt	30.64M	16M	49.37M	-191M	-44M
Debt Equivalent Oper. Leases	917K	1.1M	197K	480K	-
Account Code - Inventory Valuation	5	6	5	5	-
Inventories - Raw Materials, Total	9.85M	111M	161M	172M	-
Inventories - Work In Process, Total	-	-	-	10M	-
Inventories - Finished Goods, Total	1.02M	246K	690K	31.87M	-
Land - (BS)	1.04M	1.04M	1.04M	7.27M	-
Buildings, Total	53.11M	68.19M	73.36M	73.11M	-
Machinery, Total	46.34M	61.39M	65.62M	81.48M	-
Full Time Employees	-	84	74	50	-

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	41.66M	50.28M	101M	136M	149M
Depreciation & Amortization - CF	4.6M	5.5M	5.68M	6.36M	8.24M
Depreciation & Amortization, Total	4.6M	5.5M	5.68M	6.36M	8.24M
(Gain) Loss From Sale Of Asset	257K	-40K	-	-	-
Other Operating Activities, Total	1.15M	8.31M	6.8M	-22.98M	-20.28M
Change In Accounts Receivable	-129M	21.24M	-34.7M	-55.96M	-61.83M
Change In Inventories	-2.59M	-101M	-49.66M	-52.46M	-173M
Change In Accounts Payable	90.8M	75.55M	-49.92M	-183M	-1.21M
Change In Income Taxes	-	-	-	-	-2.82M
Change in Other Net Operating Assets	24.68M	-23.84M	50.99M	-60.58M	-4.73M
Cash from Operations	31.5M	36.31M	30.13M	-233M	-106M
Capital Expenditure	-19.31M	-30.67M	-9.4M	-34.71M	-53.34M
Sale of Property, Plant, and Equipment	55K	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-437M	376M
Other Investing Activities, Total	-12.13M	975K	-40.89M	32.35M	25.67M
Cash from Investing	-31.38M	-29.7M	-50.29M	-440M	349M
Short Term Debt Issued, Total	-	1.79M	-	247M	-
Long-Term Debt Issued, Total	-	7.92M	-	4.58M	-
Total Debt Issued	-	9.72M	-	252M	-
Short Term Debt Repaid, Total	-	-	-	-	-219M
Long-Term Debt Repaid, Total	-	-	-6.47M	-	-4.47M
Total Debt Repaid	-	-	-6.47M	-	-224M
Issuance of Common Stock	-	-	34.5M	432M	-
Other Financing Activities, Total	-496K	-7.05M	-7.64M	-9.06M	-18.54M
Cash from Financing	-496K	2.67M	20.39M	674M	-242M
Miscellaneous Cash Flow Adjustments	-1	-	-	-1.64M	-
Net Change in Cash	-385K	9.28M	233K	-307K	-81K
Supplemental Items
Cash Interest Paid	866K	5.38M	7.64M	9.06M	-
Cash Income Tax Paid (Refund)	15.54M	15.63M	42.07M	40.85M	-
Levered Free Cash Flow	6.19M	-8.2M	-14.23M	-247M	-177M
Unlevered Free Cash Flow	7.84M	-4.95M	-9.68M	-242M	-165M
Change In Net Working Capital	15.22M	26M	99.59M	320M	244M
Net Debt Issued / Repaid	-	9.72M	-6.47M	252M	-224M

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	10.59
Return on Total Capital	34.17	28.68	35.38	14.57	11.43
Return On Equity %	52.26	40.2	46.15	24.56	16.65
Return on Common Equity	52.26	40.2	46.15	24.56	16.65
Margin Analysis
Gross Profit Margin %	25.03	31.96	36.6	22.43	23.41
SG&A Margin	5.48	5.82	5.19	4.16	4.16
EBITDA Margin %	10.93	12.89	18.83	16.96	18.07
EBITA Margin %	10.16	12	18.14	16.35	17.35
EBIT Margin %	10.16	12	18.14	16.35	17.35
Income From Continuing Operations Margin %	7	8.16	12.23	13.05	13.02
Net Income Margin %	7	8.16	12.23	13.05	13.02
Net Avail. For Common Margin %	7	8.16	12.23	13.05	13.02
Normalized Net Income Margin	6.08	7.05	10.94	11.23	9.83
Levered Free Cash Flow Margin	1.04	-1.33	-1.72	-23.75	-15.47
Unlevered Free Cash Flow Margin	1.32	-0.8	-1.17	-23.24	-14.45
Asset Turnover
Asset Turnover	2.22	1.51	1.55	1.14	0.98
Fixed Assets Turnover	8.94	7.16	8.24	9.44	8.14
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	125.14
Average Days Payable Outstanding	101.77	146.14	141.17	56	19.76
Cash Conversion Cycle (Average Days)	1.84	31.49	50.27	124.47	213.5
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	10.69
EBITDA / Interest Expense	24.5	15.29	21.39	20.92	11.13
(EBITDA - Capex) / Interest Expense	17.22	9.39	20.1	16.8	8.26
Total Debt / EBITDA	0.48	0.52	0.33	1.72	0.38
Net Debt / EBITDA	0.47	0.2	0.32	-1.08	-0.21
Total Debt / (EBITDA - Capex)	0.68	0.84	0.35	2.14	0.52
Net Debt / (EBITDA - Capex)	0.67	0.33	0.34	-1.35	-0.29
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	95.91	3.63	33.94	25.92	9.86
Gross Profit, 1 Yr. Growth %	157.28	32.52	53.25	-19	14.64
EBITDA, 1 Yr. Growth %	323.67	22.06	95.13	13.3	17.04
EBITA, 1 Yr. Growth %	429.53	22.25	101.94	13.35	16.57
EBIT, 1 Yr. Growth %	429.53	22.25	101.94	13.35	16.57
Earnings From Cont. Operations, 1 Yr. Growth %	536.37	22.5	100.08	34.4	9.62
Net Income, 1 Yr. Growth %	536.37	22.5	100.08	34.4	9.62
Normalized Net Income, 1 Yr. Growth %	583.61	20.08	107.03	29.34	-3.87
Diluted EPS Before Extra, 1 Yr. Growth %	536.37	22.5	80.83	34.4	9.56
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	38.06
Total Assets, 1 Yr. Growth %	89.5	34.05	26.31	100.95	-7.78
Tangible Book Value, 1 Yr. Growth %	70.75	50.31	89.7	185.35	18.36
Common Equity, 1 Yr. Growth %	70.75	50.31	89.7	185.35	18.36
Cash From Operations, 1 Yr. Growth %	87.34	5.08	-22.33	-874.08	-54.38
Capital Expenditures, 1 Yr. Growth %	-	58.86	-68.81	269.33	53.67
Levered Free Cash Flow, 1 Yr. Growth %	-	-232.21	87.95	1.08K	-28.45
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-162.6	119.72	1.37K	-31.68
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	42.52	17.81	29.87	17.62
Gross Profit, 2 Yr. CAGR %	-	84.7	42.57	8.75	-3.64
EBITDA, 2 Yr. CAGR %	-	133.79	54.54	48.76	15.16
EBITA, 2 Yr. CAGR %	-	164.16	57.36	51.37	14.95
EBIT, 2 Yr. CAGR %	-	164.16	57.36	51.37	14.95
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	190.22
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	10.67	640.42	216.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	39.58	20.46	22.82
Gross Profit, 3 Yr. CAGR %	-	-	73.49	16.19	10.68
EBITDA, 3 Yr. CAGR %	-	-	116.37	39.4	37.33
EBITA, 3 Yr. CAGR %	-	-	135.9	41.11	38.75
EBIT, 3 Yr. CAGR %	-	-	135.9	41.11	38.75
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	185.77
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	105.57	212.65	234.58
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	31.56	30.34
Gross Profit, 5 Yr. CAGR %	-	-	-	39.89	35.81
EBITDA, 5 Yr. CAGR %	-	-	-	75.36	68.16
EBITA, 5 Yr. CAGR %	-	-	-	88.14	76.98
EBIT, 5 Yr. CAGR %	-	-	-	88.14	76.98
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 %	-	-	-	-	127.48
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	171.7