INDGN
INDEGENE LIMITED
Each stock's 10,000-path forecast, rendered as light.
INDEGENE LIMITED (INDGN) Stock Analysis & Case Study
Is INDGN a good buy? The data-driven verdict.
INDEGENE LIMITED (INDGN) trades at ₹554,on the numbers it mixed signals, a Downstox Snapshot Score of 51/100.
On the numbers, INDEGENE LIMITED (INDGN) mixed signals, a Downstox Snapshot Score of 51/100, weighing premium at 32.1× earnings, ROE of 14.4%, a 55% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
INDGN fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How INDGN ranks against the 2,373 companies in our screener
- INDGN's market cap of 13,357 Cr ranks in the 79th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INDGN's book value of ₹130 ranks in the 60th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INDGN's 3-year profit (PAT) growth of 16.0% ranks in the 50th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INDGN's 3-year revenue growth of 15.0% ranks in the 63rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INDGN's debt-to-equity ratio of 0.05x is lower than 86% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
We do not hold a promoter holding figure for INDGN, as of 9 Aug 2026, so it is not ranked here.
Is INDGN overvalued? INDGN P/E vs peers
INDGN trades at 32.1× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
INDGN share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.2y of INDGN history (-1%/yr drift, 35%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| INDGN 2027 | ₹368 | ₹578 | ₹909 | +4% |
| INDGN 2028 | ₹318 | ₹603 | ₹1,142 | +9% |
| INDGN 2029 | ₹284 | ₹628 | ₹1,388 | +13% |
| INDGN 2030 | ₹266 | ₹655 | ₹1,609 | +18% |
| INDGN 2031 | ₹246 | ₹683 | ₹1,895 | +23% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability INDGN goes up, or doubles?
The bull case for INDGN
- INDGN's return on equity of 14.4% ranks in the 69th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INDGN's return on capital employed of 18.8% ranks in the 77th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,388.
The bear case & risks
- INDGN's P/E of 32.1x is lower than 43% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹284.
INDGN volatility & expected range, how bumpy is the ride?
Over the last 2.2 years INDGN compounded at -1%/year with annualized volatility of 35%. That volatility implies a 1-year 80% range of ₹368-₹909, the honest backbone behind any single price target.
INDGN price forecast, the full 60-month probability fan
INDGN price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds INDGN hits common targets within the simulated horizon?
Full multi-horizon detail on the INDGN price target & forecast page.
INDGN Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. INDGN scores 6/8, mixed financial health.
INDGN MTF margin & leverage across 11 brokers
Margin Trading Facility lets you buy INDGN with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 29.70% | 3.4× |
| Zerodha | 29.68% | 3.4× |
| Groww | 29.71% | 3.4× |
| Dhan | 30.00% | 3.3× |
| Kotak Neo | 34.97% | 2.9× |
| Paytm Money | 29.71% | 3.4× |
| PocketfulCHEAPEST | 29.54% | 3.4× |
| Fyers | 30.30% | 3.3× |
| Anand Rathi | 29.68% | 3.4× |
| Bajaj Broking | 32.00% | 3.1× |
| Share India | 29.70% | 3.4× |
Compare every broker on the INDGN MTF page.
About INDEGENE LIMITED: sector, index & market-cap context
INDEGENE LIMITED (INDGN) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹13,357 Cr. See more stocks on our screener.
How the INDGN Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of INDEGENE LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
INDGN analysis, FAQs
Is INDEGENE LIMITED (INDGN) a good buy?
On the numbers, INDEGENE LIMITED (INDGN) mixed signals, a Downstox Snapshot Score of 51/100, weighing premium at 32.1× earnings, ROE of 14.4%, a 55% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is INDGN overvalued or undervalued?
INDGN trades at 32.1× earnings, premium versus the ~22× long-run Nifty average.
What is the INDGN share price target for 2031?
INDGN's probability-weighted 2031 median target is ₹683, with an 80% range of ₹246-₹1,895 (10,000-path Monte-Carlo).
What is the probability INDGN doubles in 5 years?
The modelled probability of INDGN reaching ₹1,109 (2×) within 5 years is 26%.
What is the bull case for INDGN?
INDGN's return on equity of 14.4% ranks in the 69th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. INDGN's return on capital employed of 18.8% ranks in the 77th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in INDGN?
INDGN's P/E of 32.1x is lower than 43% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.