Granules India Limited GRANULES NIFTY_SMALLNSEPHARMA
Company Overview
Granules India Limited manufactures and sells active pharmaceutical ingredients (APIs), pharmaceutical formulation intermediates, and finished dosages (FDs) in India and internationally. It offers paracetamol, metformin, guaifenesin, and methocarbamol, as well as prescription and over-the-counter products. The company also develops and manufactures tablets, capsules, press fits, oral solutions, suspensions, and powder for oral solutions. In addition, it provides development and manufacturing solutions for peptides, peptide fragments, and amino acid derivatives. The company offers its products in various therapeutic categories, including antiretroviral, anti-depressant, antihistamine, anti-diabetic, anti-cancer, multiple sclerosis, anti-thrombocytopenia, anti-ulcer, anti-convulsant, mucolytic/expectorant, anti-hypertensive, muscle relaxant, NSAIDs, anti-fibrotic, and anti-microbial, as well as anti-arrhythmic, CNS stimulant, anti-diarrheal, antihypertensive, uterine stimulant, chelating agent, mineral supplements, CNS depressant, PDE inhibitor, antispasmodic, and anti-viral. Granules India Limited was incorporated in 1984 and is headquartered in Hyderabad, India.
Why Investors Should Care
Return on capital employed stands at 16.0%.
Trades at a P/E of 36.8, below the sector median of 40.0.
Operating margin of 16.7% supports profitability.
Carries low leverage with a debt-to-equity ratio of 0.30.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹5,338.92 Cr (+19.8% YoY); net profit ₹595.02 Cr.
- Trailing 12 Months Year-on-year growth — revenue +19.8%, earnings +18.6%.
- 5-Year Trend Long-term compounding — revenue CAGR 5.9%, profit CAGR 4.8%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 5.89% |
| 1 Year: | 19.81% |
Compounded Profit Growth
| 5 Years: | 4.82% |
| 1 Year: | 18.64% |
Stock Price Performance
| 1 Year: | +90.61% |
| 6 Months: | +49.57% |
| 3 Months: | +37.31% |
| 1 Month: | +20.31% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)78.72 · Overbought
P/E of 36.81 is below the sector median of 39.97 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- RSI at 79 suggests overbought conditions.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | GRANULES Granules India Limited NIFTY_SMALLNSEPHARMA | 900.35 | 36.81 | ₹22,310.40 Cr | 0.20% | 15.98% | 11.70% | 5.89% | 4.82% |
| 2 | SUNPHARMA Sun Pharmaceutical Industries Limited NIFTY50NSEAIPHARMA | 1,948.80 | 40.77 | ₹4.68 L Cr | 0.83% | 17.94% | 13.74% | 10.39% | 10.65% |
| 3 | DIVISLAB Divi's Laboratories Limited NSEPHARMA | 7,315.50 | 75.61 | ₹1.94 L Cr | 0.44% | 18.96% | 15.32% | 11.27% | 12.08% |
| 4 | TORNTPHARM Torrent Pharmaceuticals Limited NSEPHARMA | 4,952.20 | 87.70 | ₹1.68 L Cr | 0.78% | 9.05% | 25.79% | 13.27% | 20.22% |
| 5 | APOLLOHOSP Apollo Hospitals Enterprise Limited NIFTY50NSEAIPHARMA | 8,981.00 | 66.51 | ₹1.29 L Cr | 0.23% | 19.79% | 20.48% | 15.33% | 33.34% |
| 6 | CIPLA Cipla Limited NIFTY50NSEAIPHARMA | 1,440.10 | 22.07 | ₹1.16 L Cr | 0.90% | 14.86% | 11.27% | 7.23% | 11.45% |
| 7 | ZYDUSLIFE Zydus Lifesciences Limited NSEPHARMA | 1,137.40 | 22.71 | ₹1.14 L Cr | 0.09% | 19.04% | 18.59% | 16.55% | 36.99% |
| 8 | LUPIN Lupin Limited NIFTY_MIDNSEPHARMA | 2,494.30 | 21.42 | ₹1.14 L Cr | 0.72% | 28.42% | 23.76% | 19.10% | 131.46% |
| 9 | MAXHEALTH Max Healthcare Institute Limited NSEAIPHARMA | 1,099.00 | 99.82 | ₹1.07 L Cr | 0.18% | 12.57% | 13.42% | 22.37% | 9.34% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,196.00 Cr | 986.00 Cr | 1,189.00 Cr | 1,156.00 Cr | 1,176.00 Cr | 1,180.00 Cr | 967.00 Cr | 1,138.00 Cr | 1,196.82 Cr | 1,208.79 Cr | 1,294.67 Cr | 1,378.02 Cr | 1,457.43 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 438.38 Cr | 425.06 Cr | 444.96 Cr | 501.56 Cr | 504.12 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 758.45 Cr | 783.73 Cr | 849.72 Cr | 876.46 Cr | 953.31 Cr |
| Operating Expenses | 967.00 Cr | 849.00 Cr | 977.00 Cr | 905.00 Cr | 920.00 Cr | 921.00 Cr | 763.00 Cr | 907.00 Cr | 569.59 Cr | 605.86 Cr | 643.51 Cr | 641.89 Cr | 682.96 Cr |
| Operating Income | 179.00 Cr | 88.00 Cr | 160.00 Cr | 198.00 Cr | 203.00 Cr | 206.00 Cr | 150.00 Cr | 173.00 Cr | 188.86 Cr | 177.87 Cr | 206.21 Cr | 234.57 Cr | 270.36 Cr |
| EBITDA | 228.00 Cr | 137.00 Cr | 213.00 Cr | 250.00 Cr | 256.00 Cr | 259.00 Cr | 203.00 Cr | 230.00 Cr | 285.03 Cr | 237.15 Cr | 277.08 Cr | 304.46 Cr | 376.79 Cr |
| Interest Expense | 19.00 Cr | 22.00 Cr | 26.00 Cr | 29.00 Cr | 29.00 Cr | 27.00 Cr | 26.00 Cr | 27.00 Cr | 23.98 Cr | 23.78 Cr | 29.19 Cr | 28.69 Cr | 32.69 Cr |
| Pretax Income | 164.00 Cr | 65.00 Cr | 136.00 Cr | 170.00 Cr | 176.00 Cr | 181.00 Cr | 128.00 Cr | 153.00 Cr | 197.55 Cr | 144.53 Cr | 175.87 Cr | 202.23 Cr | 262.36 Cr |
| Tax Provision | 44.28 Cr | 17.55 Cr | 34.00 Cr | 44.20 Cr | 45.76 Cr | 47.06 Cr | 30.72 Cr | 35.19 Cr | 45.52 Cr | 31.89 Cr | 45.26 Cr | 52.02 Cr | 60.79 Cr |
| Net Income | 120.00 Cr | 48.00 Cr | 102.00 Cr | 126.00 Cr | 130.00 Cr | 135.00 Cr | 97.00 Cr | 118.00 Cr | 152.03 Cr | 112.64 Cr | 130.61 Cr | 150.21 Cr | 201.57 Cr |
| Diluted EPS | 4.94 | 1.98 | 4.21 | 5.18 | 5.35 | 5.56 | 4.01 | 4.85 | 6.27 | 4.64 | 5.38 | 6.19 | 8.23 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,292.00 Cr | 1,357.00 Cr | 1,411.00 Cr | 1,685.00 Cr | 2,279.00 Cr | 2,599.00 Cr | 3,238.00 Cr | - | 4,496.34 Cr | 4,490.16 Cr | 4,455.97 Cr | 5,338.92 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 2,383.36 Cr | 2,125.79 Cr | 1,725.70 Cr | 1,875.70 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 2,112.98 Cr | 2,364.37 Cr | 2,730.27 Cr | 3,463.22 Cr |
| Operating Expenses | 1,082.00 Cr | 1,081.00 Cr | 1,112.00 Cr | 1,406.00 Cr | 1,895.00 Cr | 2,073.00 Cr | 2,382.00 Cr | - | 1,375.28 Cr | 1,704.06 Cr | 2,010.54 Cr | 2,574.22 Cr |
| Operating Income | 157.00 Cr | 218.00 Cr | 227.00 Cr | 202.00 Cr | 279.00 Cr | 389.00 Cr | 705.00 Cr | - | 737.70 Cr | 660.30 Cr | 719.74 Cr | 889.00 Cr |
| EBITDA | 210.00 Cr | 276.00 Cr | 299.00 Cr | 278.00 Cr | 384.00 Cr | 526.00 Cr | 856.00 Cr | - | 907.09 Cr | 826.32 Cr | 988.90 Cr | 1,195.48 Cr |
| Interest Expense | 32.00 Cr | 37.00 Cr | 32.00 Cr | 33.00 Cr | 28.00 Cr | 27.00 Cr | 26.00 Cr | - | 35.42 Cr | 71.76 Cr | 103.24 Cr | 114.35 Cr |
| Pretax Income | 128.00 Cr | 186.00 Cr | 230.00 Cr | 196.00 Cr | 326.00 Cr | 451.00 Cr | 704.00 Cr | - | 687.17 Cr | 547.23 Cr | 660.17 Cr | 784.98 Cr |
| Tax Provision | 37.12 Cr | 61.38 Cr | 64.40 Cr | 62.72 Cr | 88.02 Cr | 117.26 Cr | 154.88 Cr | - | 170.58 Cr | 141.92 Cr | 158.66 Cr | 189.96 Cr |
| Net Income | 91.00 Cr | 123.00 Cr | 165.00 Cr | 133.00 Cr | 236.00 Cr | 335.00 Cr | 549.00 Cr | - | 516.60 Cr | 405.31 Cr | 501.52 Cr | 595.02 Cr |
| Diluted EPS | 4.45 | 5.68 | 7.19 | 5.22 | 9.30 | 13.19 | 22.18 | - | 21.00 | 16.72 | 20.68 | 24.46 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1,203.00 Cr | 1,563.00 Cr | 1,879.00 Cr | 2,670.00 Cr | 2,979.00 Cr | 3,223.00 Cr | 3,713.00 Cr | - | 4,904.56 Cr | 5,520.98 Cr | 6,252.56 Cr | 7,719.95 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 2,574.15 Cr | 2,905.05 Cr | 3,115.48 Cr | 3,767.65 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 291.56 Cr | 381.10 Cr | 466.11 Cr | 880.24 Cr |
| Inventory | - | - | - | - | - | - | - | - | 1,149.41 Cr | 1,300.55 Cr | 1,342.82 Cr | 1,673.03 Cr |
| Receivables | - | - | - | - | - | - | - | - | 948.54 Cr | 985.83 Cr | 942.22 Cr | 909.37 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 2,069.66 Cr | 2,295.44 Cr | 2,536.98 Cr | 2,634.95 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 1,813.50 Cr | 2,082.29 Cr | 2,003.16 Cr | 2,092.03 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 148.64 Cr | 68.97 Cr | 311.51 Cr | 297.15 Cr |
| Total Debt | 482.00 Cr | 641.00 Cr | 656.00 Cr | 978.00 Cr | 991.00 Cr | 892.00 Cr | 849.00 Cr | - | 1,136.23 Cr | 1,315.06 Cr | 1,454.76 Cr | 1,512.04 Cr |
| Total Equity | 431.00 Cr | 662.00 Cr | 904.00 Cr | 1,304.00 Cr | 1,529.00 Cr | 1,843.00 Cr | 2,174.00 Cr | - | 2,834.91 Cr | 3,225.54 Cr | 3,715.58 Cr | 5,084.99 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 24.20 Cr | 24.24 Cr | 24.25 Cr | 24.78 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 150.00 Cr | 151.00 Cr | 188.00 Cr | -1.00 Cr | 262.00 Cr | 476.00 Cr | 432.00 Cr | - | 738.75 Cr | 439.41 Cr | 866.57 Cr | 793.25 Cr |
| Investing Cash Flow | -146.00 Cr | -162.00 Cr | -326.00 Cr | -462.00 Cr | -270.00 Cr | -160.00 Cr | -277.00 Cr | - | -191.36 Cr | -360.16 Cr | -691.29 Cr | -773.21 Cr |
| Financing Cash Flow | 19.00 Cr | 86.00 Cr | 56.00 Cr | 529.00 Cr | -17.00 Cr | -213.00 Cr | -299.00 Cr | - | -440.29 Cr | 7.66 Cr | -92.51 Cr | 379.29 Cr |
| Capital Expenditure | -147.00 Cr | -161.00 Cr | -315.00 Cr | -446.00 Cr | -279.00 Cr | -184.00 Cr | -271.00 Cr | - | -410.68 Cr | -380.58 Cr | -571.69 Cr | -558.21 Cr |
| Free Cash Flow | 3.00 Cr | -10.00 Cr | -127.00 Cr | -447.00 Cr | -17.00 Cr | 292.00 Cr | 161.00 Cr | - | 328.07 Cr | 58.84 Cr | 294.87 Cr | 235.04 Cr |
| Net Change in Cash | 24.00 Cr | 75.00 Cr | -82.00 Cr | 66.00 Cr | -25.00 Cr | 103.00 Cr | -144.00 Cr | - | 107.10 Cr | 86.92 Cr | 82.77 Cr | 399.33 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 47.0% | 52.7% | 61.3% | 64.9% |
| Operating Margin % | 12.2% | 16.1% | 16.1% | 12.0% | 12.2% | 15.0% | 21.8% | - | 16.4% | 14.7% | 16.2% | 16.7% |
| Net Margin % | 7.0% | 9.1% | 11.7% | 7.9% | 10.4% | 12.9% | 17.0% | - | 11.5% | 9.0% | 11.3% | 11.1% |
| ROE % | 21.1% | 18.6% | 18.3% | 10.2% | 15.4% | 18.2% | 25.3% | - | 18.2% | 12.6% | 13.5% | 11.7% |
| ROCE % | - | - | - | - | - | - | - | - | 23.9% | 19.2% | 16.9% | 15.8% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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GRANULES — Frequently Asked Questions
What is the current share price of Granules India Limited (GRANULES)?
As of 2026-07-15 09:52 IST, Granules India Limited (GRANULES) trades at ₹900.35 on NSE. Its 52-week range is ₹439.35 to ₹900.35.
What is the market capitalisation of GRANULES?
Granules India Limited (GRANULES) has a market capitalisation of ₹22,310.40 Cr on NSE.
What is the P/E ratio of GRANULES?
GRANULES trades at a trailing price-to-earnings (P/E) ratio of 36.81. The industry average P/E is 39.97. Its price-to-book (P/B) ratio is 4.32.
Does GRANULES pay a dividend?
Granules India Limited (GRANULES) currently offers a dividend yield of 0.20%.
What is the return on equity (ROE) of GRANULES?
GRANULES has a return on equity (ROE) of 11.70%. Its return on capital employed (ROCE) is 15.98%.
Is GRANULES a good stock to buy?
This page provides a data-driven analysis of Granules India Limited (GRANULES), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.