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Granules India Limited

Granules India Limited

NSE: GRANULES
Drug Manufacturers - Specialty & GenericHealthcareMID CAPMCap ₹22.51k Cr
₹825.35₹13.40 (+1.65%)

Market Closed • NSE

Market cap₹22.51k Cr
Enterprise value₹20.70k Cr
P/E TTM30.66
Forward P/E21.07
P/B4.02
EPS TTM₹26.92
Forward EPS₹39.17
ROCE15.50%
D/E0.30
Dividend yield0.00%
PEG1.00
Face value₹1.00
52W high₹923.65
52W low₹529.85
Price chart(1Y)
1Y Return:+7.68% (+₹58.90)
H: ₹923.65L: ₹736.5
1W+2.74%
1M-5.18%
3M-5.75%
6M+20.15%
1Y+44.77%
Today at a glance

Day range

₹801.90₹833.50

52 week range

₹529.85₹923.65
Volume772.6K1.11x 20D avg
Free float50.00%+10.80% volume

Granules India Limited closed at INR825.35 (+1.65%) on volume 1.11x its 20-day average, trading 10.64% below its 52-week high.

Technical analysis
RSI (14)46.2Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹27.36High
SMA 20₹838.83BEARISH
SMA 50₹850.86BEARISH
SMA 100₹834.79BEARISH
SMA 200₹732.98BULLISH
CPR bottom₹815.38
Pivot₹814.23
CPR top₹813.09
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -10.9% QoQ

2026-07-30

DIVIDEND Announced

Dividend - Rs 1.75 Per Share

2025-07-31

DIVIDEND Announced

Dividend - Rs 1.50 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹1.51k Cr₹22.51k Cr6.72%≤ 33%PASS
Non-halal income ratio–₹5.34k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹6.84k Cr₹7.72k Cr88.60%≥ 20%PASS
Receivables ratio–₹7.72k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E30.6637.00
Forward P/E21.07—
P/B4.025.00
EV/EBITDA—18.00
PEG1.001.00
Earnings yield3.302.70
Growth & profitability
RevenuePAT
FY25PAT margin 11.20%
FY26PAT margin 11.10%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+6.00%
Revenue CAGR 5Y+3.70%
PAT CAGR 3Y+5.90%
PAT CAGR 5Y+3.50%
Operating margin17.56%
Net margin11.76%
Financial health & cash flow
Net debt₹631.8 CrModerate
Interest coverage7.80xEBIT / interest
CFO / PAT1.33x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹793.3 Cr
Capital expenditure–
Free cash flow₹235.0 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall75/100
Valuation50/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 15.5%

Low Debt Profile: Debt-to-Equity is comfortable at 0.30x

High Cash Flow Conversion: CFO/PAT averaged 1.33x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Drug Manufacturers - Specialty & Generic.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
32.32%Institutional holding
29.67%Public holding
5Periods available
0.00%Promoter pledged
1.6LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
30 Jul 2026Dividend₹1.75 / share—30 Jul 2026
31 Jul 2025Dividend₹1.50 / share—31 Jul 2025
—Dividend₹1.50 / share—30 Jul 2024
03 Aug 2023Dividend₹1.50 / share—03 Aug 2023
—Annual General MeetingAnnual General Meeting—03 Aug 2023
23 Aug 2022Buy BackBuy Back—22 Aug 2022
—Dividend₹0.75 / share—19 Jul 2022
18 Feb 2022Dividend₹0.25 / share—17 Feb 2022
25 Nov 2021Dividend₹0.25 / share—24 Nov 2021
06 Aug 2021Dividend₹0.25 / share—05 Aug 2021
—Dividend₹0.75 / share—28 Jul 2021
09 Feb 2021Dividend₹0.25 / share—08 Feb 2021
30 Oct 2020Dividend₹0.25 / share—28 Oct 2020
—Dividend₹0.25 / share—05 Aug 2020
29 Jul 2020Dividend₹0.25 / share—28 Jul 2020
20 Mar 2020BuybackBuyback—19 Mar 2020
31 Jan 2020Dividend₹0.25 / share—30 Jan 2020
02 Nov 2019Dividend₹0.25 / share—31 Oct 2019
—Dividend₹0.25 / share—21 Aug 2019
09 Aug 2019Dividend₹0.25 / share—08 Aug 2019
08 Feb 2019Dividend₹0.25 / share—07 Feb 2019
10 Nov 2018Dividend₹0.25 / share—06 Nov 2018
—Dividend₹0.25 / share—29 Aug 2018
02 Aug 2018Dividend₹0.25 / share—01 Aug 2018
21 Feb 2018Dividend₹0.25 / share—20 Feb 2018
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)49.56%-1.09% latest vs average
Highest delivery59.72%on 01 Oct
Average volume (20D)697.2KTrading-session average
Conviction trendWeakening-1.09% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries LimitedSUNPHARMA
Open analysis
₹4.22L34.900.91%₹15,300.00₹2,901.00+10.46%+26.52%
Divi's Laboratories Limited
Divi's Laboratories LimitedDIVISLAB
Open analysis
₹2.43L82.970.33%₹3,080.00₹902.00+27.80%+65.50%
Torrent Pharmaceuticals Limited
Torrent Pharmaceuticals LimitedTORNTPHARM
Open analysis
₹1.73L72.830.83%₹4,128.00₹389.00+41.90%-21.89%
Apollo Hospitals Enterprise Limited
Apollo Hospitals Enterprise LimitedAPOLLOHOSP
Open analysis
₹1.13L54.320.25%₹7,044.00₹610.00+20.58%+38.32%
Zydus Lifesciences Limited
Zydus Lifesciences LimitedZYDUSLIFE
Open analysis
₹1.12L25.030.09%₹8,017.00₹990.00+21.95%-34.91%
LENSKART SOLUTIONS LTD
LENSKART SOLUTIONS LTDLENSKART
Open analysis
₹1.12L174.730.00%₹2,714.00₹228.00+43.29%+273.77%
Laurus Labs Limited
Laurus Labs LimitedLAURUSLABS
Open analysis
₹1.11L101.830.12%₹2,026.31₹367.60+29.10%+125.49%
Cipla Limited
Cipla LimitedCIPLA
Open analysis
₹1.07L31.780.98%₹7,119.00₹786.00+2.33%-39.16%
About Granules India Limited
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]

IndiaHealthcare

Questions investors ask
Is Granules India Limited Shariah compliant?

Granules India Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (6.72%) complies with AAOIFI threshold (≤ 33%).

What is Granules India Limited's current valuation relative to peers?

Granules India Limited trades at a P/E of 30.7x compared to the sector median of 37x, and a Price-to-Book of 4.0x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.30x. Interest coverage is 7.8x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 3.7% while net profit growth averaged 3.5%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.