Hikal (NSE:HIKAL) EV-to-FCF: (As of Jul. 22, 2026)

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NSE:HIKAL Hikal Ltd NSE:HIKAL
70 GF Score
Price ₹224.74
GF Value ₹277.73
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Hikal EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Hikal's Enterprise Value is ₹34,131 Mil. Hikal's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, Hikal's EV-to-FCF for today is .

The historical rank and industry rank for Hikal's EV-to-FCF or its related term are showing as below:

NSE:HIKAL' s EV-to-FCF Range Over the Past 10 Years
Min: 0   Med: 0   Max: 22.39
Current: 22.39

During the past 13 years, the highest EV-to-FCF of Hikal was 22.39. The lowest was 0.00. And the median was 0.00.

NSE:HIKAL's EV-to-FCF is ranked worse than
51.85% of 567 companies
in the Drug Manufacturers industry
Industry Median: 21.08 vs NSE:HIKAL: 22.39

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-22), Hikal's stock price is ₹224.74. Hikal's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-3.960. Therefore, Hikal's PE Ratio (TTM) for today is At Loss.


Hikal  (NSE:HIKAL) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Hikal's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=224.74/-3.960
=At Loss

Hikal's share price for today is ₹224.74.
Hikal's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-3.960.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Hikal EV-to-FCF Related Terms


Hikal EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Hikal's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hikal EV-to-FCF Chart

Hikal Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 275.02 330.78 -231.79 39.69 15.93

Hikal Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.69 0.00 0.00 0.00 15.93

NSE:HIKAL vs ZTS, UTHR: EV-to-FCF Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Hikal's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hikal EV-to-FCF vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hikal's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Hikal's EV-to-FCF falls into.


NSE:HIKAL
70GF Score
Hikal Ltd NSE:HIKAL
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hikal EV-to-FCF Calculation

Hikal's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=34130.834/0
=

Hikal's current Enterprise Value is ₹34,131 Mil.
Hikal's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Hikal (NSE:HIKAL) Overvalued in 2026?

Based on GuruFocus' analysis, Hikal stock appears to be undervalued. The current stock price of ₹224.74 is trading 19.1% below its estimated GF Value™ of ₹277.73. GuruFocus considers Hikal to be Modestly Undervalued.

Key valuation signals for NSE:HIKAL:

  • EV-to-FCF:
  • GF Value™: ₹277.73 vs. price of ₹224.74 (19.1% below fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the NSE:HIKAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hikal Business Description

Other Exchanges 524735:India
Address Great Eastern Chambers, 6th Floor, Sector 11, CBD Belapur, Navi Mumbai, MH, IND, 400 614
Hikal Ltd manufactures chemical intermediates, specialty chemicals, active pharmaceutical ingredients, and contract research activities. Its products are distributed to the pharmaceutical, biotech, agrochemical, and specialty chemical industries. Its segments include Crop Protection and Pharmaceuticals. The majority of the revenue is derived from the pharmaceutical segment.
70GF Score

Get the complete analysis for NSE:HIKAL

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹224.74
Price
₹277.73
GF Value