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Morepen Laboratories Ltd

Morepen Laboratories Ltd

NSE: MOREPENLAB | BSE: 500288
115.78+0.50 (0.43%)
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    Performance

    Historical price movement and trading activity

    Trading Data

    Today's High

    117.7

    Today's Low

    111.01

    Open

    114.5

    Previous Close

    115.78

    Volume

    15303804

    Total Traded Value High

    1751594987.34

    Overview

    Pharmaceuticals - Indian - Bulk Drugs & Formln M/SNSE / BSE

    Morepen Laboratories Limited is an India-based pharmaceutical company. Its products include Loratadine, Montelukast Sodium, Atorvastatin Calcium and Sultamicillin. The company markets formulation products in various therapeutic categories, such as antibiotics, gastrointestinal, respiratory, analgesic, antiallergic and neuropsychiatry with brands, such as Saltum, Saltumax, Cefpopen, Cefpen-S, Dom-DT, Acifix, Rabipen- DSR and Montelast. The new products added to the therapeutic categories, include Kilbac, Ducal D, Aclomore and Montelast-L. The company has three state-of-the-art manufacturing plants in the northern state of Himachal Pradesh (HP) in India. The main plant at Parwanoo is inspected and approved by United States Food and Drug Administration (USFDA) for production of Loratadine, which is the best selling anti-allergy drug globally. The company has developed a hi-tech Pharma complex at Morepen Village, Baddi (HP) on 60 acres of land that has various multipurpose pharma facilities for API & finished dosages and a Research Centre. Morepen Laboratories Limited was established in 1984. The company has filed 14 patents including 6 international PCT applications. The company has filed an international patent on a new amorphous form of the cholesterol-reducing drug Lipitor (Atorvastatin) that is the largest selling drug in the world. During the year 1991-1992, the company set up the new facilities for bulk manufacture of Cephalexin, 7 ADCA and CIMC Chloride at its existing location. During the year 1992-1993, the company started implementing its expansion plans for manufacture Cephalexin, 7ADCA, CIMC Chloride, Research and Development Block and Formulation unit. The company introduced two latest molecules, Ketrolac Tromethamine and Omeprazole. Also, the company also launched Loratadine and Cisapride. During the year 1993-1994, the company increased the installed capacity of Bulk Drugs from 162 MT to 245 MT. The company started the commercial production of Ketorolac Tromethamine, which is a potent analgesic. During the year 1994-1995, the company increased the installed capacity of Drugs & Drug Intermediates from 305 MT to 469 MT. During the year 1995-1996, the company successfully launched high value and high technology products namely, Cisapride & Loratadine. Also, the company launched herbal product namely Paclitaxel, an anti cancer drug. During the year 1996-1997, the company commissioned its own formulation unit, which gave a competitive edge to the company in terms of quality and cost efficiency. During the year 2000-2001, the company increased the installed capacity of Drugs & Drug Intermediates from 916 MT to 1170 MT. The company signed a joint venture with DiaMed AG of Switzerland, a proven international leader in blood group serology diagnostic products. Also, the company developed and launched wide range of contemporary, lifestyle oriented FMHG (Fast Moving Health Goods) Self Medication products. During the year 2001-2002, the company increased the installed capacity of Drugs & Drug Intermediates from 1170 MT to 1251 MT. Also, the company further increased installed capacity of Tablets / Capsules from 25080 Nos to 35000 Nos. During the year 2004-2005, the company developed the new polymorphic from V1 and field patent in 33 countries and in the same year, the company started finalizing marketing partner for filing ANDA's for the molecule. During the year 2005-2006, the company made 52 DMF filing across ten European countries for six products. Also, the company broadened its offering by introduced new product like Ducal, Rythmix, Montelast, Alcoflam, Levopen, Moezole, and Cefpen-S. During the year 2006-2007, the company improved its presence in the key market of South East Asia, Africa & Australia. During the year, the company acquired more than fifty new prospective customers in Korea, Japan, and Taiwan. During the year, the company started of OTC formulation under the umberalla brand 'Dr. Morepen'. During the year 2007-2008, the company made the tie ups with several new business segments. Marketing alliance with World leaders like lmmucor, USA (for immuunohematology system & consumables), Teco Medical Instruments, Germany (for coagulation system & consumables), InTec INC. (for ELISA Kits), Access Bio, USA (for Rapid Malaria Kits), helped the diagnostics division to make deeper inroads into both the consumer market and the blood bank and laboratory segment. In 2010, it launched Cardia Division for Diabetic and Cardiac products. In 2015, it started personal Grooming Division with brand GUBB USA. In 2019, it launched APIs for many anti-diabetic molecules. The Company launched 'IntebactImun' in boosting immunity of adults and kids in 2023. It started manufacturing two more products viz., Blood Pressure Monitors and Pregnancy Testing Kits in 2023. During the year 2024, new capacities were built for manufacture of tablets wherein tablet manufacture capacity were increased to 162 units from 92.40 units in 2022-23. The capacities for capsule, oral liquid, sachet and dry syrup has also be enhanced in FY24. The Company has developed / commercialized various new products such as Sitagliptin Hydrochloride (Anti-diabetic), Finerenone (chronic kidney disease), Cariprazine HCl (Atypical Anti-Psychotic), Resmetirom (for NASH), Bempedoic Acid (Anti-Hypercholesterolemic) & Rupatadine Fumarte (Anti-histaminic) during the year 2024-25. The newly developing molecules comprising of Sitagliptin (Anti-diabetic), Linagliptin (Anti-diabetic), Edoxaban (Anti-coagulant), and Empagliflozin (Anti-diabetic), and others, achieved a remarkable revenue growth of over 46%, further strengthening API revenue position. The Company commenced production of orthopaedic products, marking its entry into a new and promising therapeutic segment in 2025. Morepen Medipath Limited was incorporated in January 2025. Company has achieved a leadership position as one of the largest suppliers of the anti-asthmatic drug, Montelukast Sodium, produced at its USFDA-approved Masulkhana facility in 2025. The Company secured a multi-year Contract Development and Manufacturing Organization (CDMO) mandate valued at approximately Rs 825 Crore from a leading global pharmaceutical company in FY26.

    Fundamentals

    Financial strength and ownership structure

    Valuation & Ratios

    Market Capitalisation

    ₹1,852.08

    Price to Book (PB)

    1.49

    Price to Earnings (PE)

    19.54

    Return on Equity (ROE)

    5.37%

    Earnings Per Share (EPS)

    1.75

    Dividend Yield

    0.59%

    Financial Performance

    421.77
    444.55
    423.07
    455.22
    437.73
    452.78
    465.85
    425.24
    411.58
    484.16
    484.72
    570.13
    Sep
    '23
    Dec
    '23
    Mar
    '24
    Jun
    '24
    Sep
    '24
    Dec
    '24
    Mar
    '25
    Jun
    '25
    Sep
    '25
    Dec
    '25
    Mar
    '26
    Jun
    '26

    Shareholding Pattern

    35.65%
    35.65%
    35.65%
    35.65%
    Sep
    '25
    Dec
    '25
    Mar
    '26
    Jun
    '26

    Technicals

    Price-based indicators and levels

    Indicators

    IndicatorValueSignal
    Relative Strength Index (RSI)+72.16Overbought
    MACD+11.11Bullish

    Support and Resistance Levels

    R3124.34
    R2122.15
    R1118.71
    S1113.08
    S2110.89
    S3107.45

    Moving Averages

    PeriodSMAEMA
    20D Moving Average104.29104.16
    50D Moving Average80.2186.13
    200D Moving Average51.6161.03

    News

    Morepen Laboratories subsidiary Morepen RX allotted shares totaling Rs 20 crore through a rights issue

    6 Aug 2026

    Morepen Laboratories Limited announced that its wholly owned subsidiary, Morepen RX Limited (MRX), has allotted 20,00,00,000 equity shares with a face value of Rs 10 each, totaling Rs 20,00,00,000, to the company through a rights issue. Consequently, Morepen Laboratories Limited’s shareholding in MRX has increased to 2,70,82,356 equity shares, and MRX continues to be a wholly owned subsidiary. MRX, incorporated on March 17, 2023, had a turnover of Rs 5,449.84 lakh and a net worth of Rs 47.72 lakh based on audited financial statements for the financial year ended March 31, 2026.

    Morepen Laboratories utilized Rs 88.83 crore, extending project timelines to March 2027

    4 Aug 2026

    A Monitoring Agency report indicates mixed progress for Morepen Laboratories Limited regarding the utilization of funds raised through an issuance. While the company has largely deployed the Rs 88.83 crore initially planned for completion by March 31, 2025, and the Rs 33.97 crore slated for March 31, 2026, timelines have been extended to March 31, 2026, and March 31, 2027, respectively, raising concerns about project planning and execution. The report notes a Rs 4.55 crore transfer to the company’s current account and a remaining balance of Rs 0.09 crore, prompting a review of vendor billing processes. Despite these delays, the company has effectively utilized funds for working capital and made prudent short-term investments, and the report acknowledges flexibility in fund deployment. The agency recommends strengthening project management, improving internal oversight, and enhancing transparency with investors.

    Morepen Laboratories reports record Rs 575.31 crore quarterly revenue, CDMO mandate commercializing

    4 Aug 2026

    Morepen Laboratories Limited announced its highest-ever quarterly revenue of Rs 575.31 crore and earnings for the quarter ended June 30, 2026, alongside a 207% increase in EBITDA and a 394% rise in profit after tax. The company’s CDMO mandate, valued at Rs 825 crore, has entered full-scale commercialization, with Rs 58 crore in commercial dispatches completed during the quarter, supported by a 31% growth in the API business and 19% growth in the medical devices business.

    Morepen Laboratories to conduct board meeting

    29 Jul 2026

    On 4 August 2026

    Morepen Laboratories will hold a meeting of the Board of Directors of the Company on 4 August 2026.

    Morepen Laboratories commences commercial supplies under its Rs 825 cr CDMO mandate

    1 Jul 2026

    Morepen Laboratories today issued an update on its recently announced Rs 825 crore CDMO mandate. The first commercial dispatch, valued at approximately Rs 50 crore, has already been completed by the company under the program during Q1FY2026-27. This marks the successful transition of the mandate from validation and qualification stage to commercial execution stage. Having dispatched the first batch under the CDMO mandate, Morepen expects to scale the program further in the coming quarter, with additional supplies of approximately Rs 225 crore expected during Q2FY2026-27, subject to customer schedules and regulatory/commercial requirements. The Company continues to strengthen its manufacturing infrastructure to support larger CDMO opportunities. Total reactor capacity is expected to reach approximately 600 KL by the end of Q2, followed by further expansion toward 800 KL and 1,000 KL in subsequent phases.

    Insider Activity

    Liquid Holdings Private LimitedPromoter Group
    Acquired
    5000000
    Shares Worth
    ₹12,50,00,000
    Reported On22 Sept 2022
    ModeConversion of security
    React Investments and Financial Services Private LimitedPromoter Group
    Acquired
    3500000
    Shares Worth
    ₹8,75,00,000
    Reported On22 Sept 2022
    ModeConversion of security
    Mid-Med Financial Services and Investments Private LimitedPromoter Group
    Acquired
    3500000
    Shares Worth
    ₹8,75,00,000
    Reported On22 Sept 2022
    ModeConversion of security
    Square Investments and Financial Services Private LimitedPromoter Group
    Acquired
    3500000
    Shares Worth
    ₹8,75,00,000
    Reported On5 Apr 2022
    ModeConversion of security
    Solitary Investments and Financial Services Private LimitedPromoter Group
    Acquired
    3500000
    Shares Worth
    ₹8,75,00,000
    Reported On5 Apr 2022
    ModeConversion of security
    Solace Investments and Financial Services Private LimitedPromoter Group
    Acquired
    3500000
    Shares Worth
    ₹8,75,00,000
    Reported On5 Apr 2022
    ModeConversion of security