Granules India Ltd
GRANULESGranules India Ltd
GRANULESPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
26.49 | 4.00 | 0.28% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
49.79 | 6.29 | 0.52% |
Forecast & Ratings
Detailed Forecast from 8 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Granules India Limited is a pharmaceutical company that manufactures finished dosages (FDs), pharmaceutical formulation intermediates (PFIs) and active pharmaceutical ingredients (APIs).
Investor Presentation
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Compare with peersÂSun Pharmaceutical Industries Ltd
Cipla Ltd
Torrent Pharmaceuticals Ltd
Dr Reddy's Laboratories Ltd
Mankind Pharma Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,362.41 | 1,445.21 | 1,711.45 | 2,354.63 | 2,688.44 | 3,264.42 | 3,782.53 | 4,525.70 | 4,510.77 | 4,485.69 | ||||||||||
Raw Materials | 761.96 | 679.96 | 902.90 | 1,338.97 | 1,314.92 | 1,590.28 | 2,036.42 | 2,352.65 | 2,208.22 | 3,509.08 | ||||||||||
Power & Fuel Cost | 34.97 | 38.67 | 48.22 | 57.68 | 59.74 | 68.85 | 74.66 | 95.69 | 100.64 | |||||||||||
Employee Cost | 117.57 | 140.19 | 165.21 | 209.82 | 259.04 | 324.29 | 366.44 | 420.35 | 550.24 | |||||||||||
Selling & Administrative Expenses | 145.21 | 174.70 | 216.04 | 262.58 | 313.30 | 427.22 | 521.25 | 580.83 | 696.63 | |||||||||||
Operating & Other expenses | 21.20 | 78.21 | 73.83 | 26.11 | 126.33 | -28.32 | 43.92 | 148.57 | 94.66 | |||||||||||
EBITDA | 281.50 | 333.48 | 305.25 | 459.47 | 615.11 | 882.10 | 739.84 | 927.61 | 860.38 | 976.61 | ||||||||||
Depreciation/Amortization | 58.40 | 71.51 | 76.20 | 105.48 | 136.95 | 151.46 | 158.63 | 184.49 | 207.33 | 210.96 | ||||||||||
PBIT | 223.10 | 261.97 | 229.05 | 353.99 | 478.16 | 730.64 | 581.21 | 743.12 | 653.05 | 765.65 | ||||||||||
Interest & Other Items | 37.07 | 32.26 | 33.06 | 28.46 | 27.02 | 26.28 | 23.21 | 55.93 | 105.82 | 110.10 | ||||||||||
PBT | 186.03 | 229.71 | 195.99 | 325.53 | 451.14 | 704.36 | 558.00 | 687.19 | 547.23 | 655.55 | ||||||||||
Taxes & Other Items | 63.03 | 65.20 | 63.40 | 89.11 | 115.73 | 154.90 | 145.25 | 170.58 | 141.92 | 168.39 | ||||||||||
Net Income | 123.00 | 164.51 | 132.59 | 236.42 | 335.41 | 549.46 | 412.75 | 516.61 | 405.31 | 487.16 | ||||||||||
EPS | 5.84 | 7.39 | 5.50 | 9.31 | 13.19 | 21.89 | 16.65 | 21.08 | 16.73 | 20.10 | ||||||||||
DPS | 0.65 | 0.90 | 1.00 | 1.00 | 1.00 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | ||||||||||
Payout ratio | 0.11 | 0.12 | 0.18 | 0.11 | 0.08 | 0.07 | 0.09 | 0.07 | 0.09 | 0.07 |
Company Updates
Peers & Comparison
Health CarePharmaceuticals
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Granules India Ltd | 31.84 | 4.00 | 0.28% |
Sun Pharmaceutical Industries Ltd | 44.57 | 6.36 | 0.76% |
Cipla Ltd | 29.50 | 4.54 | 0.86% |
Torrent Pharmaceuticals Ltd | 63.68 | 15.38 | 0.90% |
Price Comparison
Compare GRANULES with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 3.09%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has decreased by 1.31%
Top 5 Mutual Funds holding Granules India Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Aditya Birla Sun Life Pure Value Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1241% | Percentage of the fund’s portfolio invested in the stock 2.26% | Change in the portfolio weight of the stock over the last 3 months -0.17% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 50/92 (0) |
Edelweiss Balanced Advantage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1036% | Percentage of the fund’s portfolio invested in the stock 1.16% | Change in the portfolio weight of the stock over the last 3 months 1.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 81/151 (+22) |
Axis India Manufacturing Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7024% | Percentage of the fund’s portfolio invested in the stock 1.50% | Change in the portfolio weight of the stock over the last 3 months -0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 49/93 (+3) |
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Events
Dividend Trend
No Dividend Cuts
GRANULES has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.28%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.82 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 30, 2024
Dividend/Share
₹1.50
Ex DateEx Date
Jul 30, 2024
Cash Dividend
Ex DateEx DateAug 3, 2023
Dividend/Share
₹1.50
Ex DateEx Date
Aug 3, 2023
Cash Dividend
Ex DateEx DateJul 19, 2022
Dividend/Share
₹0.75
Ex DateEx Date
Jul 19, 2022
Cash Dividend
Ex DateEx DateFeb 17, 2022
Dividend/Share
₹0.25
Ex DateEx Date
Feb 17, 2022
Cash Dividend
Ex DateEx DateNov 24, 2021
Dividend/Share
₹0.25
Ex DateEx Date
Nov 24, 2021
Net profit of Granules India declined 4.79% to Rs 97.23 crore in the quarter ended September 2024 as against Rs 102.12 crore during the previous quarter ended September 2023. Sales declined 19.48% to Rs 956.52 crore in the quarter ended September 2024 as against Rs 1188.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales956.521188.00 -19 OPM %21.2617.93 - PBDT180.91188.54 -4 PBT128.38136.02 -6 NP97.23102.12 -5 Powered by Capital Market - Live
Bupropion hydrochloride extended-release tablets USP (SR) is bioequivalent and therapeutically equivalent to wellbutrin SR sustained-release tablets, 100 mg, 150 mg, and 200 mg, by GlaxoSmithKline LLC. The approved ANDA is a widely prescribed medication for the treatment of major depressive disorder and for the prevention of seasonal affective disorder. The group now has a total of 67 ANDA approvals from the US FDA. Dr. Krishna Prasad Chigurupati, chairman and managing director, Granules India, said, This ANDA approval marks a significant milestone in our journey to expand Granules' presence in the U.S. market. Our continued focus on expanding our product portfolio in regulated markets like the U.S. ensures that we are meeting the growing healthcare needs of patients globally, while maintaining the highest standards of safety and efficacy.' Granules India is primarily involved in the manufacturing and selling of Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation intermediates (PFIs) and Finished Dosages (FDs). The pharma company reported a consolidated net profit of Rs 134.65 crore in Q1 FY25, steeply higher than Rs 47.89 crore posted in Q1 FY24. Revenue from operations in first quarter of FY25 was at Rs 1,179.87 crore, up 19.72% from Rs 985.52 crore reported in the same period a year ago. Shares of Granules India shed 0.19% to Rs 592.15 on the BSE.Powered by Capital Market - Live
Granules India announced today that the U.S. Food & Drug Administration (USFDA) has approved the Abbreviated New Drug Application (ANDA) for Bupropion Hydrochloride Extended-Release Tablets USP (SR) 100 mg, 150 mg, and 200 mg filed by Granules Pharmaceuticals, Inc. (GPI), a wholly owned foreign subsidiary of the Company. Bupropion Hydrochloride Extended-Release Tablets USP (SR) are bioequivalent and therapeutically equivalent to Wellbutrin SR Sustained-Release Tablets, 100 mg, 150 mg, and 200 mg, by GlaxoSmithKline LLC. This is a widely prescribed medication for the treatment of major depressive disorder and for the prevention of seasonal affective disorder. Granules now has a total of 67 ANDA approvals from the US FDA.Powered by Capital Market - Live
Granules India will hold a meeting of the Board of Directors of the Company on 6 November 2024.Powered by Capital Market - Live
Granules India Ltd is up for a fifth straight session today. The stock is quoting at Rs 605.5, up 0.27% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 25137.7. The Sensex is at 82005.67, up 0.77%. Granules India Ltd has gained around 10.11% in last one month. Meanwhile, Nifty Pharma index of which Granules India Ltd is a constituent, has gained around 0.37% in last one month and is currently quoting at 23582.25, down 0.2% on the day. The volume in the stock stood at 25.12 lakh shares today, compared to the daily average of 46.32 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 608.35, up 0.5% on the day. Granules India Ltd is up 71.77% in last one year as compared to a 27.4% jump in NIFTY and a 55.19% jump in the Nifty Pharma index.The PE of the stock is 32.51 based on TTM earnings ending June 24.Powered by Capital Market - Live
Granules India Ltd is up for a third straight session today. The stock is quoting at Rs 572.65, up 2.52% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.13% on the day, quoting at 25777.65. The Sensex is at 84211.69, down 0.1%. Granules India Ltd has slipped around 16.26% in last one month. Meanwhile, Nifty Pharma index of which Granules India Ltd is a constituent, has slipped around 0.65% in last one month and is currently quoting at 23281.2, down 0.62% on the day. The volume in the stock stood at 40.39 lakh shares today, compared to the daily average of 63.92 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 580.55, up 3.06% on the day. Granules India Ltd is up 60.7% in last one year as compared to a 32% jump in NIFTY and a 51.41% jump in the Nifty Pharma index.The PE of the stock is 30.08 based on TTM earnings ending June 24.Powered by Capital Market - Live
Granules India unveiled its Mobile Cancer Screening Unit at AIG Hospitals. This initiative, spearheaded by the Granules Trust in partnership with Asian Medical Foundation, UC Breast Foundation and AIG Hospitals aims to enhance cancer detection and treatment in underserved communities. The state-of-the-art mobile unit Breast Health Express, brings advanced medical technology directly to communities in need. Equipped with cutting-edge mammography and ultrasound capabilities, as well as facilities for essential health checks such as haemoglobin, blood pressure, and glucose levels, this mobile clinic marks a major advancement in equitable and accessible healthcare. By offering these critical services and free medicine distribution, the initiative seeks to revolutionize cancer screening, with a particular emphasis on early breast cancer detection. Timed to coincide with Breast Cancer Awareness Month in October, the Breast Health Express aligns seamlessly with the global focus on breast cancer prevention and early detection. The mobile unit is set to commence operations in and around Hyderabad, with plans to expand to additional districts of Telangana in the coming monthsPowered by Capital Market - Live
Granules India Ltd fell for a fifth straight session today. The stock is quoting at Rs 549.15, down 0.14% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 25417.95. The Sensex is at 83067.63, up 0.1%.Granules India Ltd has lost around 17.25% in last one month.Meanwhile, Nifty Pharma index of which Granules India Ltd is a constituent, has increased around 5.37% in last one month and is currently quoting at 23448.75, down 0.07% on the day. The volume in the stock stood at 21.73 lakh shares today, compared to the daily average of 53.17 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 550.05, down 0.05% on the day. Granules India Ltd jumped 67.99% in last one year as compared to a 26.25% rally in NIFTY and a 51.14% spurt in the Nifty Pharma index.The PE of the stock is 29.64 based on TTM earnings ending June 24.Powered by Capital Market - Live
Granules India announced the completion of USFDA inspection of its Gagillapur FD facility with six observations. The inspection was conducted from 26 August 2024 to 06 September 2024. Powered by Capital Market - Live
'We acknowledge that several investors have sought clarification, and we want to reassure them that we are actively addressing the observations and are fully committed to resolving the issues raised. We will work with the USFDA to address the issues raised in the observations,' the company stated in regulatory filing. On 7 September 2024, the company announced the completion of the US Food and Drug Administration (USFDA) inspection at its Gagillapur facility in Hyderabad, Telangana. The inspection was conducted from 26th August to 6th September 2024, concluded with six observations. The inspection covered both current good manufacturing practice (cGMP) and pre-approval inspection (PAI) processes. Granules India is primarily involved in the manufacturing and selling of Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation intermediates (PFIs) and Finished Dosages (FDs). The pharma company reported a consolidated net profit of Rs 134.65 crore in Q1 FY25, steeply higher than Rs 47.89 crore posted in Q1 FY24. Revenue from operations in first quarter of FY25 was at Rs 1,179.87 crore, up 19.72% from Rs 985.52 crore reported in the same period a year ago.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.88%, vs industry avg of 9.03%
Increasing Market Share
Over the last 5 years, market share increased from 1.07% to 1.2%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 11.38%, vs industry avg of 15.28%