Granules India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Efficient capital deployment (ROCE 15.5%)
- ✓Attractively valued vs sector (P/E 36.1x vs industry 54.4x)
- ✓Low debt relative to equity (D/E 0.3x)
Concerns
- ✗Trading near 52-week high (₹910)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| SUNPHARMA Sun Pharmaceutical Industries Limited | ₹1,944 | ₹4.6L Cr | 37.3 | 5.59 | 16 | 20.5 | 0.07 |
| DIVISLAB Divi's Laboratories Limited | ₹7,388 | ₹1.9L Cr | 73.4 | 11.71 | 16.5 | 22 | 0.01 |
| TORNTPHARM Torrent Pharmaceuticals Limited | ₹5,040 | ₹1.6L Cr | 73.6 | 20.32 | 27.4 | 15.2 | 0.33 |
| APOLLOHOSP Apollo Hospitals Enterprise Limited | ₹8,939 | ₹1.3L Cr | 64.9 | 13.56 | 22.1 | 17.9 | 0.88 |
| CIPLA Cipla Limited | ₹1,416 | ₹1.1L Cr | 30.1 | 3.32 | 11.6 | 15.5 | 0.01 |
| ZYDUSLIFE Zydus Lifesciences Limited | ₹1,123 | ₹1.1L Cr | 21 | 4.17 | 21.2 | 21.1 | 0.38 |
| LUPIN Lupin Limited | ₹2,405 | ₹1.1L Cr | 19.6 | 4.9 | 28.7 | 29.9 | 0.32 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
GRANULES · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 41.97% | 41.96% | 38.87% | 38.87% | 38.85% | 38.83% |
| FII | 18.78% | 19.57% | 20.39% | 19.49% | 15.87% | 15.14% |
| DII | 10.16% | 10.70% | 14.11% | 14.85% | 19.57% | 22.45% |
| Public | 29.10% | 27.77% | 26.61% | 26.80% | 25.71% | 23.56% |
Corporate Events
Dividend - Rs 1.75 Per Share
To consider and approve the financial results for the period ended Jun 30, 2026
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend - Rs 1.50 Per Share
Annual General Meeting/Dividend - Rs 1.50 Per Share
Dividend - Rs 1.50 Per Share
Annual General Meeting
Latest News
All news →Granules India secures first-to-file ANDA for Sodium Oxybate
*Granules India secures first-to-file ANDA for Sodium Oxybate Extended-Release for Oral Suspension.* This milestone could lead to 180-day marketing exclusivity upon FDA approval. The drug has a US market size of **$400 million** annually. Approval may boost revenues significantly in the coming years. 📊 *STOCKS:* GRANULES | 🏢 *SECTOR:* Pharma | #MEDIUMIMPACT #Pharma
Granules India to hold shareholders meeting on August 06, 2026.
*Granules India to hold shareholders meeting on August 06, 2026.* The event is a routine corporate disclosure with no immediate financial implications. Shareholders may discuss strategic matters, but no major announcements are expected. It does not impact near-term trading sentiment. 📊 *STOCKS:* GRANULES | 🏢 *SECTOR:* Pharma | #LOWIMPACT #ShareholdersMeeting
Granules India to host analyst and investor meet
*Granules India to host an analyst and institutional investor meet.* The event is part of its ongoing investor outreach. Details on strategic updates may emerge. No financial announcements confirmed yet. 📊 *STOCKS:* GRANULES | 🏢 *SECTOR:* Pharma | #LOWIMPACT #InvestorMeet
Analyst recommends Granules India, Genus Power for buys today
*Analyst Kush Bohra recommends buying Granules India and Genus Power with target prices.* The call highlights potential upside based on current valuations and sector momentum. **Target prices** were specified but not disclosed in the headline. Investors may consider these for short- to medium-term gains. 📊 *STOCKS:* GRANULES, GENUSPOWER | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BrokerCall
Granules India to host analyst and investor meet
Granules India announced an upcoming analyst and institutional investor meet. The event aims to provide updates on company strategy and operations. *No major financial announcements or guidance changes were disclosed.* 📊 *STOCKS:* GRANULES | 🏢 *SECTOR:* Pharma | #LOWIMPACT #InvestorMeet
Granules receives 4 USFDA observations for US facility
*Granules receives 4 USFDA observations for US facility.* The USFDA raised four Form-483 observations following an inspection of Granules’ manufacturing plant in the US. These observations highlight compliance issues that may impact drug approvals and exports. Granules must respond with corrective actions to avoid regulatory escalation. 📊 *STOCKS:* GRANULES | 🏢 *SECTOR:* Pharma | #MEDIUMIMPACT #USFDA
Granules receives USFDA EIR for Chantilly plant
*Granules receives USFDA EIR for Chantilly plant* — Granules India has received an Establishment Inspection Report (EIR) from the USFDA for its Chantilly, Virginia facility following a routine inspection. The EIR indicates no critical observations, a positive regulatory signal. This outcome supports future product approvals and export potential. 📊 *STOCKS:* GRANULES | 🏢 *SECTOR:* Pharma | #MEDIUMIMPACT #USFDA
Granules India rises on USFDA EIR with VAI classification
*Granules India rises on USFDA EIR with VAI classification.* Its subsidiary received an Establishment Inspection Report (EIR) from the USFDA with Voluntary Action Indicated (VAI) status post-inspection. This clears a key regulatory hurdle for exports to the US market. 📊 *STOCKS:* GRANULES | 🏢 *SECTOR:* Pharma | #MEDIUMIMPACT #USFDA
Granules India offers EPS growth opportunity: Report
*Granules India offers EPS growth opportunity: Report* highlights potential upside based on earnings per share trajectory. The analysis suggests the stock may be undervalued given its growth prospects. Investors eyeing scalable pharma plays could find value here. 📊 *STOCKS:* GRANULES | 🏢 *SECTOR:* Pharma | #MEDIUMIMPACT #EPS
Granules India Hyderabad facility receives 5 USFDA observations
*Granules India arm gets 5 USFDA observations for Hyderabad facility.* The pharma company's subsidiary received **5 observations** from the US FDA during inspection of its Hyderabad manufacturing facility. These observations typically require corrective action plans but are not critical deficiencies. The company will need to address these compliance issues to maintain its US market certifications. 📊 *STOCKS:* GRANULES | 🏢 *SECTOR:* Pharma | #MEDIUMIMPACT #Compliance
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.4K Cr ▲7.0% | ₹1.3K Cr ▲7.2% | ₹1.2K Cr ▲1.1% | ₹1.2K Cr ▲5.2% | ₹1.1K Cr ▲17.7% | ₹967 Cr ▼18.1% | ₹1.2K Cr ▲0.3% | ₹1.2K Cr |
| Op. Profit | ₹308 Cr ▲10.8% | ₹278 Cr ▲12.6% | ₹247 Cr ▼2.0% | ₹252 Cr ▲9.6% | ₹230 Cr ▲13.3% | ₹203 Cr ▼21.6% | ₹259 Cr ▲1.2% | ₹256 Cr |
| OPM | 22.0% ▲4.8% | 21.0% ▲5.0% | 20.0% ▼4.8% | 21.0% ▲5.0% | 20.0% ▼4.8% | 21.0% ▼4.5% | 22.0% ▲0.0% | 22.0% |
| Net Profit | ₹150 Cr ▲14.5% | ₹131 Cr ▲15.9% | ₹113 Cr ▼25.7% | ₹152 Cr ▲28.8% | ₹118 Cr ▲21.6% | ₹97 Cr ▼28.1% | ₹135 Cr ▲3.8% | ₹130 Cr |
| EPS (₹) | 6.19 ▲15.1% | 5.38 ▲15.9% | 4.64 ▼26.0% | 6.27 ▲29.3% | 4.85 ▲20.9% | 4.01 ▼27.9% | 5.56 ▲3.9% | 5.35 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹5.4K Cr ▲19.7% | ₹4.5K Cr ▼0.5% | ₹4.5K Cr ▼0.1% | ₹4.5K Cr ▲19.8% | ₹3.8K Cr ▲16.3% | ₹3.2K Cr ▲24.6% | ₹2.6K Cr ▲14.0% | ₹2.3K Cr ▲35.3% | ₹1.7K Cr ▲19.4% | ₹1.4K Cr |
| Expenses | ₹4.2K Cr ▲18.2% | ₹3.5K Cr ▼3.1% | ₹3.6K Cr ▲1.4% | ₹3.6K Cr ▲18.4% | ₹3.0K Cr ▲27.5% | ₹2.4K Cr ▲14.9% | ₹2.1K Cr ▲9.4% | ₹1.9K Cr ▲34.8% | ₹1.4K Cr ▲26.4% | ₹1.1K Cr |
| Op. Profit | ₹1.2K Cr ▲25.3% | ₹948 Cr ▲10.5% | ₹858 Cr ▼6.2% | ₹915 Cr ▲25.9% | ₹727 Cr ▼15.1% | ₹856 Cr ▲62.7% | ₹526 Cr ▲37.0% | ₹384 Cr ▲38.1% | ₹278 Cr ▼7.0% | ₹299 Cr |
| OPM | 22.0% ▲4.8% | 21.0% ▲10.5% | 19.0% ▼5.0% | 20.0% ▲5.3% | 19.0% ▼26.9% | 26.0% ▲30.0% | 20.0% ▲17.6% | 17.0% ▲0.0% | 17.0% ▼19.0% | 21.0% |
| Other Income | ₹7 Cr ▼82.9% | ₹41 Cr ▲1950.0% | ₹2 Cr ▼83.3% | ₹12 Cr ▼7.7% | ₹13 Cr ▼50.0% | ₹26 Cr ▼71.1% | ₹90 Cr ▲20.0% | ₹75 Cr ▲177.8% | ₹27 Cr ▼22.9% | ₹35 Cr |
| Interest | ₹114 Cr ▲10.7% | ₹103 Cr ▼2.8% | ₹106 Cr ▲89.3% | ₹56 Cr ▲143.5% | ₹23 Cr ▼11.5% | ₹26 Cr ▼3.7% | ₹27 Cr ▼3.6% | ₹28 Cr ▼15.2% | ₹33 Cr ▲3.1% | ₹32 Cr |
| Depreciation | ₹296 Cr ▲31.0% | ₹226 Cr ▲9.2% | ₹207 Cr ▲12.5% | ₹184 Cr ▲15.7% | ₹159 Cr ▲5.3% | ₹151 Cr ▲10.2% | ₹137 Cr ▲30.5% | ₹105 Cr ▲38.2% | ₹76 Cr ▲5.6% | ₹72 Cr |
| PBT | ₹785 Cr ▲18.9% | ₹660 Cr ▲20.7% | ₹547 Cr ▼20.4% | ₹687 Cr ▲23.1% | ₹558 Cr ▼20.7% | ₹704 Cr ▲56.1% | ₹451 Cr ▲38.3% | ₹326 Cr ▲66.3% | ₹196 Cr ▼14.8% | ₹230 Cr |
| Tax % | 24.0% ▲0.0% | 24.0% ▼7.7% | 26.0% ▲4.0% | 25.0% ▼3.8% | 26.0% ▲18.2% | 22.0% ▼15.4% | 26.0% ▼3.7% | 27.0% ▼15.6% | 32.0% ▲14.3% | 28.0% |
| Net Profit | ₹595 Cr ▲18.5% | ₹502 Cr ▲24.0% | ₹405 Cr ▼21.7% | ₹517 Cr ▲25.2% | ₹413 Cr ▼24.8% | ₹549 Cr ▲63.9% | ₹335 Cr ▲41.9% | ₹236 Cr ▲77.4% | ₹133 Cr ▼19.4% | ₹165 Cr |
| EPS (₹) | 24.01 ▲16.1% | 20.68 ▲23.7% | 16.72 ▼21.6% | 21.34 ▲28.2% | 16.64 ▼25.0% | 22.18 ▲68.2% | 13.19 ▲41.8% | 9.3 ▲78.2% | 5.22 ▼27.4% | 7.19 |
| Div Payout | 7.0% ▲0.0% | 7.0% ▼22.2% | 9.0% ▲28.6% | 7.0% ▼22.2% | 9.0% ▲28.6% | 7.0% ▼12.5% | 8.0% ▼27.3% | 11.0% ▼42.1% | 19.0% ▲46.2% | 13.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹24 Cr ▲0.0% | ₹24 Cr ▲0.0% | ₹24 Cr ▲0.0% | ₹24 Cr ▼4.0% | ₹25 Cr ▲0.0% | ₹25 Cr ▲0.0% | ₹25 Cr ▲0.0% | ₹25 Cr ▲0.0% | ₹25 Cr ▲8.7% | ₹23 Cr |
| Reserves | ₹4.0K Cr ▲7.3% | ₹3.7K Cr ▲15.3% | ₹3.2K Cr ▲13.9% | ₹2.8K Cr ▲9.7% | ₹2.6K Cr ▲19.2% | ₹2.1K Cr ▲18.2% | ₹1.8K Cr ▲20.9% | ₹1.5K Cr ▲17.6% | ₹1.3K Cr ▲45.2% | ₹881 Cr |
| Borrowings | ₹1.8K Cr ▲24.2% | ₹1.5K Cr ▲10.6% | ₹1.3K Cr ▲15.8% | ₹1.1K Cr ▲2.7% | ₹1.1K Cr ▲30.3% | ₹849 Cr ▼4.8% | ₹892 Cr ▼10.0% | ₹991 Cr ▲1.3% | ₹978 Cr ▲49.1% | ₹656 Cr |
| Other Liabilities | ₹1.2K Cr ▲9.8% | ₹1.1K Cr ▲9.8% | ₹957 Cr ▲2.7% | ₹932 Cr ▲13.8% | ₹819 Cr ▲18.7% | ₹690 Cr ▲41.7% | ₹487 Cr ▲6.3% | ₹458 Cr ▲18.0% | ₹388 Cr ▲21.6% | ₹319 Cr |
| Total Liabilities | ₹6.9K Cr ▲11.6% | ₹6.2K Cr ▲13.2% | ₹5.5K Cr ▲12.1% | ₹4.9K Cr ▲8.7% | ₹4.5K Cr ▲21.5% | ₹3.7K Cr ▲15.2% | ₹3.2K Cr ▲8.2% | ₹3.0K Cr ▲11.6% | ₹2.7K Cr ▲42.1% | ₹1.9K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹2.8K Cr ▲16.1% | ₹2.4K Cr ▲15.7% | ₹2.1K Cr ▲9.7% | ₹1.9K Cr ▲24.0% | ₹1.5K Cr ▲15.7% | ₹1.3K Cr ▲10.6% | ₹1.2K Cr ▲27.5% | ₹944 Cr ▲21.5% | ₹777 Cr ▲20.7% | ₹644 Cr |
| CWIP | ₹702 Cr ▲59.5% | ₹440 Cr ▲61.8% | ₹272 Cr ▲13.8% | ₹239 Cr ▼32.9% | ₹356 Cr ▲49.0% | ₹239 Cr ▼18.7% | ₹294 Cr ▼40.7% | ₹496 Cr ▼3.7% | ₹515 Cr ▲92.9% | ₹267 Cr |
| Investments | ₹1 Cr ▼95.5% | ₹22 Cr ▲0.0% | ₹22 Cr ▲4.8% | ₹21 Cr ▲5.0% | ₹20 Cr ▲5.3% | ₹19 Cr ▲0.0% | ₹19 Cr ▼91.0% | ₹210 Cr ▲33.8% | ₹157 Cr ▲45.4% | ₹108 Cr |
| Other Assets | ₹3.4K Cr ▲2.8% | ₹3.3K Cr ▲7.2% | ₹3.1K Cr ▲13.8% | ₹2.7K Cr ▲5.3% | ₹2.6K Cr ▲22.2% | ₹2.1K Cr ▲24.4% | ₹1.7K Cr ▲28.5% | ₹1.3K Cr ▲8.7% | ₹1.2K Cr ▲42.3% | ₹859 Cr |
| Total Assets | ₹6.9K Cr ▲11.6% | ₹6.2K Cr ▲13.2% | ₹5.5K Cr ▲12.1% | ₹4.9K Cr ▲8.7% | ₹4.5K Cr ▲21.5% | ₹3.7K Cr ▲15.2% | ₹3.2K Cr ▲8.2% | ₹3.0K Cr ▲11.6% | ₹2.7K Cr ▲42.1% | ₹1.9K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹867 Cr ▲97.5% | ₹439 Cr ▼40.6% | ₹739 Cr ▲122.6% | ₹332 Cr ▼23.1% | ₹432 Cr ▼9.2% | ₹476 Cr ▲81.7% | ₹262 Cr ▲26300.0% | ₹-1 Cr ▼100.5% | ₹188 Cr ▲24.5% | ₹151 Cr |
| Investing CF | ₹-689 Cr ▼92.5% | ₹-358 Cr ▼86.5% | ₹-192 Cr ▲49.3% | ₹-379 Cr ▼36.8% | ₹-277 Cr ▼73.1% | ₹-160 Cr ▲40.7% | ₹-270 Cr ▲41.6% | ₹-462 Cr ▼41.7% | ₹-326 Cr ▼101.2% | ₹-162 Cr |
| Financing CF | ₹-93 Cr ▼1262.5% | ₹8 Cr ▲101.8% | ₹-440 Cr ▼331.6% | ₹190 Cr ▲163.5% | ₹-299 Cr ▼40.4% | ₹-213 Cr ▼1152.9% | ₹-17 Cr ▼103.2% | ₹529 Cr ▲844.6% | ₹56 Cr ▼34.9% | ₹86 Cr |
| Net Cash Flow | ₹85 Cr ▼5.6% | ₹90 Cr ▼15.9% | ₹107 Cr ▼25.2% | ₹143 Cr ▲199.3% | ₹-144 Cr ▼239.8% | ₹103 Cr ▲512.0% | ₹-25 Cr ▼137.9% | ₹66 Cr ▲180.5% | ₹-82 Cr ▼209.3% | ₹75 Cr |
| Free Cash Flow | ₹297 Cr ▲386.9% | ₹61 Cr ▼81.4% | ₹328 Cr ▲604.6% | ₹-65 Cr ▼140.4% | ₹161 Cr ▼44.9% | ₹292 Cr ▲1817.6% | ₹-17 Cr ▲96.2% | ₹-447 Cr ▼252.0% | ₹-127 Cr ▼1170.0% | ₹-10 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77d ▼3.8% | 80d ▲3.9% | 77d ▼14.4% | 90d ▲4.7% | 86d ▼7.5% | 93d ▼13.9% | 108d ▼20.6% | 136d ▲25.9% | 108d ▲6.9% | 101d |
| Inventory Days | 284d ▲20.9% | 235d ▲29.1% | 182d ▼4.2% | 190d ▼7.3% | 205d ▲64.0% | 125d ▲11.6% | 112d ▼1.8% | 114d ▼21.4% | 145d ▲13.3% | 128d |
| Days Payable | 154d ▲14.1% | 135d ▲8.9% | 124d ▲0.0% | 124d ▼12.7% | 142d ▲39.2% | 102d ▲8.5% | 94d ▼16.1% | 112d ▼3.4% | 116d ▲27.5% | 91d |
| Cash Conv. Cycle | 207d ▲15.6% | 179d ▲32.6% | 135d ▼13.5% | 156d ▲4.0% | 150d ▲29.3% | 116d ▼7.9% | 126d ▼8.7% | 138d ▲0.7% | 137d ▼0.7% | 138d |
| Working Capital Days | 42d ▲20.0% | 35d ▼2.8% | 36d ▼18.2% | 44d ▼29.0% | 62d ▼1.6% | 63d ▲31.3% | 48d ▲14.3% | 42d ▲2200.0% | -2d ▼122.2% | 9d |
| ROCE | 15.0% ▲0.0% | 15.0% ▼21.1% | 19.0% ▲11.8% | 17.0% ▼32.0% | 25.0% ▲47.1% | 17.0% ▲13.3% | 15.0% ▲25.0% | 12.0% ▼33.3% | 18.0% ▼10.0% | 20.0% |
Source: Screener.in · Lower days = better efficiency
About Granules India Limited
Granules India Ltd and its subsidiaries are primarily involved in the manufacturing and selling of Active Pharma Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs) and Finished Dosages.[1]
Healthcare · Pharmaceuticals & Biotechnology