₹614.5
-1.25% today
· 30d +5.4%
as of 2026-11-09
Price · Daily Candles
“INDGN's Q4 Profit Tumbles 32%, FIIs Trim Holdings Amidst Strong Annual Revenue Growth.”
INDGN, a Health Information Services provider with a ₹12,438 Cr market cap, saw its Q4 2026 net profit drop 32.23% YoY to ₹80 Cr, despite a 32.8% YoY jump in revenue to ₹1003 Cr. Annually, revenue grew 23.64% to ₹3510 Cr, yet net profit decreased by 1.38%, suggesting margin pressure, with operating profit change at a modest 0.75% and OPM decreasing 4.96% in Q4.
BULL CASE
+Annual revenue for FY26 grew significantly by 23.64% YoY to ₹3510 Cr.
+The company's EBIT growth rank for recent 2 years is neutral at 0.519, and for rolling 4 years at 0.604, indicating some stability.
+INDGN has maintained robust 5-year CAGR figures: 27.71% for revenue and 21.84% for net profit.
+The trailing twelve months EPS stands at ₹16.63, with a forward PE of 19.56, suggesting future earnings expectations are favorable.
BEAR CASE
−Q4 2026 net profit declined substantially by 32.23% YoY to ₹80 Cr.
−Operating profit only grew 0.75% YoY in Q4 2026, alongside a 4.96% decrease in OPM.
−FIIs reduced their stake by 1.21% QoQ, from an undisclosed prior level to 10.27% in Q4 2026.
−The stock is trading 17.84% below its 52-week high of ₹632.9.
−The ML predictions for Free Cash Flow (FCF) growth show a weak rank (<0.3) across all timeframes, with the intrinsic value model flagging severe FCF compression.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-09-30
REVENUE
₹1122 Cr
+39.55% YoY
NET PROFIT
₹112 Cr
+9.99% YoY
OPM
17.65%
-1.81pp YoY
EPS
₹4.67
PE 31.12
Intrinsic value · DCF ₹494.01 · Margin of safety -19.6% (fair) · FCF yield 4.13%
◇ Sector Position
INDGN's 31.12 TTM PE and 19.0% ROCE position it between peers like SAGILITY (21.12 PE, 13.78% ROCE) and IKS (38.23 PE, 33.79% ROCE).
PEERPEROCE %
INDGN31.1219.0
ML Forward Growth Predictions 🔒
66
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
75
Valuation
FAIR
40
Growth
STEADY
58
Profitability
HIGH
78
Technicals
STRONG
72
Risk
LOW
70
Key Stats
TTM PE
31.12
P/B
3.96
52W HIGH
₹638.0
OFF HIGH
-3.68%
DIV YIELD
0.39%
MKT CAP
₹14698 Cr
◉ Active Signals
MACDBullish2.1584
RSI(14)Neutral56.2
Near 52W HighBullish-3.68
Street Consensus
7 analysts₹592.43
mean target
Low ₹480.0Now ₹614.5High ₹705.0
⧉ Strategy Fit 🔒