Case study

INDOCO

Indoco Remedies

High-risk on the numbers1y model -23.4%

Each stock's 10,000-path forecast, rendered as light.

0Score

Indoco Remedies (INDOCO) Stock Analysis & Case Study

Is INDOCO a good buy? The data-driven verdict.

Indoco Remedies (INDOCO) trades at ₹236,on the numbers it high-risk on the numbers, a Downstox Snapshot Score of 24/100.

On the numbers, Indoco Remedies (INDOCO) high-risk on the numbers, a Downstox Snapshot Score of 24/100, weighing expensive at 102.0× earnings, ROE of -9.4%, a 28% 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 20272031.

Last updated . Data snapshot for research, not investment advice.

INDOCO fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹2,177 Cr
Current price
₹236
P/E ratio
102.0×
P/B ratio
2.31×
Book value
₹102
Dividend yield
0.08%
ROCE
0.9%
ROE
-9.4%
Piotroski F-Score
3/9

Is INDOCO overvalued? INDOCO P/E vs its sector

INDOCO's P/E of 102.0× sits above the sector peer median of 15.9×, so on earnings it screens richer than peers, while its 0.08% dividend yield is below the peer median of 1.65%.

INDOCO P/E
102.0×
Peer median P/E
15.9×
INDOCO div yield
0.08%
Peer median yield
1.65%

INDOCO 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 2.0y of INDOCO history (-17%/yr drift, 45%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
INDOCO 2027₹103₹180₹318-23%
INDOCO 2028₹62₹136₹305-42%
INDOCO 2029₹39₹104₹284-56%
INDOCO 2030₹26₹80₹253-66%
INDOCO 2031₹17₹61₹220-74%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability INDOCO goes up, or doubles?

28%
Higher in 1 year
Modelled chance the price is above today in 12 months
9%
Higher in 5 years
Modelled chance the price is above today in 5 years
2%
Doubles in 5 years
Modelled chance of reaching ₹470 within 5 years

The bull case for INDOCO

  • Indoco Remedies is part of the nifty500 universe with live, tracked fundamentals on Downstox.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹284.

The bear case & risks

  • A rich 102.0× P/E leaves a thin margin of safety if growth slows.
  • A low Piotroski F-Score of 3/9 flags weaker financial health this cycle, worth understanding why before committing.
  • The probability model is cautious 12 months out, only a 28% chance of finishing above today's price.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹39.

INDOCO volatility & expected range, how bumpy is the ride?

Over the last 2.0 years INDOCO compounded at -17%/year with annualized volatility of 45%. That volatility implies a 1-year 80% range of ₹103₹318, the honest backbone behind any single price target.

INDOCO price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
23.4%
80% range₹103–₹318
P(price ↑)28%
P(price 2×)1%
3-Year Forecast
2029
₹0
Median (P50)
55.7%
80% range₹39–₹284
P(price ↑)15%
P(price 2×)2%
5-Year Forecast
2031
₹0
Median (P50)
74.0%
80% range₹17–₹220
P(price ↑)9%
P(price 2×)2%

INDOCO price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
INDOCO simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds INDOCO hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the INDOCO price target & forecast page.

INDOCO Piotroski F-Score: 3/9, how financially strong is it?

3/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. INDOCO scores 3/9,weak on the financial-strength checks.

INDOCO MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy INDOCO with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
UpstoxCHEAPEST37.3%2.7×
Zerodha50.0%2.0×
Dhan40.0%2.5×

Compare every broker on the INDOCO MTF page.

INDOCO vs peers,sector comparison

StockP/EDiv yieldMarket cap
INDOCO (this stock)102.0×0.08%₹2,177 Cr
RELIANCE23.1×0.45%₹17.95L Cr
TCS14.7×3.01%₹7.69L Cr
HDFCBANK15.9×1.65%₹12.11L Cr
INFY14.4×4.51%₹4.32L Cr
ICICIBANK17.9×0.81%₹9.70L Cr
SBIN11.5×1.67%₹9.61L Cr

About Indoco Remedies: sector, index & market-cap context

Indoco Remedies (INDOCO) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index group, with a market capitalisation of ₹2,177 Cr. See more Nifty 500 stocks.

How the INDOCO Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Indoco Remedies'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.

INDOCO analysis, FAQs

Is Indoco Remedies (INDOCO) a good buy?

On the numbers, Indoco Remedies (INDOCO) high-risk on the numbers, a Downstox Snapshot Score of 24/100, weighing expensive at 102.0× earnings, ROE of -9.4%, a 28% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is INDOCO overvalued or undervalued?

INDOCO trades at 102.0× earnings versus a peer median of 15.9×, so it screens richer than its sector peers.

What is the INDOCO share price target for 2031?

INDOCO's probability-weighted 2031 median target is ₹61, with an 80% range of ₹17₹220 (10,000-path Monte-Carlo).

What is the probability INDOCO doubles in 5 years?

The modelled probability of INDOCO reaching ₹470 (2×) within 5 years is 2%.

What is the bull case for INDOCO?

Indoco Remedies is part of the nifty500 universe with live, tracked fundamentals on Downstox.

What are the risks in INDOCO?

A rich 102.0× P/E leaves a thin margin of safety if growth slows. A low Piotroski F-Score of 3/9 flags weaker financial health this cycle, worth understanding why before committing. The probability model is cautious 12 months out, only a 28% chance of finishing above today's price.

More on INDOCO