Indegene Stock Forecast

Stock Price Forecast

According to 7 analysts polled by S&P Global, Indegene stock has a consensus rating of "Buy" and an average price target of ₹592.43. The average 1-year stock price forecast is 11.28% higher than the current stock price, while the lowest is ₹480.00 (-9.84%) and the highest is ₹705.00 (+32.42%).

Price Target: ₹592.43 (+11.28%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹480.00	₹592.43	₹600.00	₹705.00
Change	-9.84%	+11.28%	+12.70%	+32.42%

* Price targets were last updated on May 5, 2026.

Analyst Ratings

The average analyst rating for Indegene stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	2	3	4	4	4	4
Buy	1	1	0	0	0	1
Hold	4	3	3	3	3	2
Sell	0	0	0	0	0	0
Strong Sell	1	0	0	0	0	0
Total	8	7	7	7	7	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ankur Rudra J.P. Morgan	J.P. Morgan	Buy Upgrades ₹600.00	Buy	Upgrades	₹600.00	+12.70%	May 5, 2026
Unknown Analyst Motilal Oswal No rating	Motilal Oswal	Hold Maintains ₹550.00	Hold	Maintains	₹550.00	+3.31%	Jan 31, 2026

Financial Forecast

Revenue This Year

43.06B

from 35.11B

22.66%

from 35.11B

Revenue Next Year

48.31B

from 43.06B

12.19%

from 43.06B

EPS This Year

21.17

from 17.26

22.61%

from 17.26

EPS Next Year

26.44

from 21.17

24.89%

from 21.17

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	16.65B	23.06B	25.90B	28.39B	35.11B	43.06B
Revenue Growth	69.76%	38.54%	12.29%	9.64%	23.64%	22.66%
Gross Profit	16.32B	22.65B	25.31B	27.77B	35.11B	15.70B
Gross Margin	98.05%	98.21%	97.73%	97.80%	100.00%	36.45%
Operating Income	2.53B	3.36B	4.35B	4.54B	4.93B	6.31B
Net Income	1.65B	2.66B	3.37B	4.07B	4.01B	5.11B
EPS	-	-	-	-	17.26	21.17
EPS Growth	-	-	-	-	1.43%	22.61%
Forward PE	-	-	-	29.50	21.02	25.15
Dividend / Share	-	-	-	2.00	2.25	2.90
Dividend Growth	-	-	-	-	12.50%	28.72%
Free Cash Flow	2.33B	511.46M	3.33B	2.92B	6.44B	4.81B
No. Analysts	-	-	-	-	-	7

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	44.4B
Avg	43.1B
Low	40.4B

Revenue Growth

Revenue Growth	2027	2028	2029
High	26.4%
Avg	22.7%
Low	15.1%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	21.17
Low	-

EPS Growth

EPS Growth	2027	2028	2029
High	-
Avg	22.6%
Low	-