As of March 2024, 68.85% is owned by Indian Promoters and 31.15% by Public.

Institutional holds 10.08% (Insurance Companies 0.12%) and Non-Institutional holds 21.06% as Public shareholders.

Top five Promoters holding highest number of shares of Hikal Ltd. company are Kalyani Investment Company Limited (386.67 lakhs shares / 31.36%), Shri Badrinath Investment Pvt Ltd (199.15 lakhs shares / 16.15%), Shri Rameshwara Investment Pvt Ltd (98.10 lakhs shares / 7.96%), Sugandha Jai Hiremath (96.68 lakhs shares / 7.84%) and Bf Investment Limited (32.73 lakhs shares / 2.65%).