Morepen Laboratories (NSE:MOREPENLAB) Inventory Turnover: 1.10 (As of Mar. 2026)

What is Morepen Laboratories Inventory Turnover?

Morepen Laboratories NSE:MOREPENLAB +2.82% 75 Inventory Turnover is 1.10 as of Mar. 2026. GuruFocus rates NSE:MOREPENLAB with a GF Score™ of 75/100 and a GF Value™ of ₹50.02 (Fairly Valued). The stock has 6 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Morepen Laboratories's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹2,995 Mil. Morepen Laboratories's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹2,718 Mil. Morepen Laboratories's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Morepen Laboratories's Days Inventory for the three months ended in Mar. 2026 was 82.81.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Morepen Laboratories's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.56.

Morepen Laboratories (NSE:MOREPENLAB) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Morepen Laboratories's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	2718.263	/	2995.266	*	365 / 4
	=	82.81

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Morepen Laboratories's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	2718.263	/	4847.159
	=	0.56

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Morepen Laboratories Inventory Turnover Related Terms

Morepen Laboratories Inventory Turnover Historical Data

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The historical data trend for Morepen Laboratories's Inventory Turnover can be seen below:

Morepen Laboratories Inventory Turnover Chart

Morepen Laboratories Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Inventory Turnover

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4.70

3.85

4.54

4.23

3.93

Morepen Laboratories Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															1.05	0.87	0.97	1.09	1.10

75GF Score

Morepen Laboratories Ltd NSE:MOREPENLAB

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Morepen Laboratories Inventory Turnover Calculation

Morepen Laboratories's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

	Inventory Turnover (A: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2026 )	/ (	(Total Inventories (A: Mar. 2025 )	+	Total Inventories (A: Mar. 2026 ))	/	count )
=	11234.165	/ (	(2999.65	+	2718.263)	/	2 )
=	11234.165	/	2858.9565
=	3.93

Morepen Laboratories's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	2995.266	/ (	(0	+	2718.263)	/	1 )
=	2995.266	/	2718.263
=	1.10

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.10 mean?

Morepen Laboratories (NSE:MOREPENLAB) has a Inventory Turnover of 1.10 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Morepen Laboratories and its competitors.

Is Morepen Laboratories' Inventory Turnover too high?

Morepen Laboratories' current Inventory Turnover is 1.10. Overall, Morepen Laboratories has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Morepen Laboratories' Inventory Turnover compare to ZTS and UTHR?

Morepen Laboratories' Inventory Turnover of 1.10 can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Drug Manufacturers company?

A good Inventory Turnover depends on the Drug Manufacturers industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Morepen Laboratories and its competitors. Morepen Laboratories's current Inventory Turnover is 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Morepen Laboratories stock overvalued right now?

Based on GuruFocus' analysis, Morepen Laboratories (NSE:MOREPENLAB) is currently considered Fairly Valued. The stock's GF Value™ is ₹50.02, compared to a current price of ₹54.66 — trading 9.3% above its estimated fair value. The current Inventory Turnover is 1.10. Morepen Laboratories' overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Morepen Laboratories (NSE:MOREPENLAB), the current Inventory Turnover is 1.10 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Morepen Laboratories (NSE:MOREPENLAB) Overvalued in 2026?

Based on GuruFocus' analysis, Morepen Laboratories stock appears to be overvalued. The current stock price of ₹54.66 is trading 9.3% above its estimated GF Value™ of ₹50.02. GuruFocus considers Morepen Laboratories to be Fairly Valued.

Key valuation signals for NSE:MOREPENLAB:

Inventory Turnover: 1.10
GF Value™: ₹50.02 vs. price of ₹54.66 (9.3% above fair value)
GF Score™: 75/100 with 6 warning signs

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

Morepen Laboratories Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies BOM:506690 BOM:541540 BOM:524735 BOM:526953 BOM:539997 BOM:524348 BOM:500672 BOM:509079 BOM:532612 NSE:BETA XTER:MRK XSWX:GALD TSE:4502 SHSE:600276 NSE:SUNPHARMA LSE:HLN XTAE:TEVA XSWX:SDZ ZTS UTHR

Other Exchanges 500288:India

Address Udyog Vihar-III, Sector-20, 2nd Floor, Tower C, DLF Cyber Park, Gurugram, HR, IND, 122016

Website https://www.morepen.com

Morepen Laboratories Ltd is in the business of manufacturing, producing, developing, and marketing various Active Pharmaceutical Ingredients (APIs), branded and generic formulations, and also Home Health products. Some of the products offered by the company include various drug formulations, APIs, digital thermometers, heat belts, pulse oximeters, nutritional tablets, pain sprays, and others. The company operates in a single segment namely, Pharmaceuticals. Geographically, the company derives maximum revenue from India and the rest from the United States of America, and the Rest of the world.

75GF Score

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₹54.66

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₹50.02

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