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    GlaxoSmithKline Pharmaceuticals Limited

    GSK India: biopharma maker of General Medicines, Vaccines and Specialty oncology/respiratory drugs.

    Healthcare
    Healthcare
    View GLAXO earnings calls
    ₹2,332
    +0.03% from avg

    Overview

    Price

    ₹2,332

    Market Cap

    ₹43.2k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital169169169169169169169169
    Reserves1.7k1.3k2.5k1.6k1.6k1.8k1.5k2.1k
    Borrowings035201619103633
    Other Liabilities1.3k1.6k1.9k1.6k1.8k2.1k1.9k2.0k
    Total Liabilities3.1k3.1k4.6k3.3k3.6k4.1k3.7k4.3k
    AssetsFixed Assets758387331330321284291281
    CWIP12013302014141733
    Investments003665188131.1k1.3k1.4k
    Other Assets2.3k2.7k3.9k2.5k2.4k2.7k2.0k2.6k
    Total Assets3.1k3.1k4.6k3.3k3.6k4.1k3.7k4.3k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating4094905788114845821.3k903
    Cash from Investing-153-57418-4068089-46397
    Cash from Financing-358-428-696-524-1.5k-562-769-737
    SummaryCapital Expenditure
    Free Cash Flow1663365362.4k4515731.3k870
    FCF Margin

    Valuation

    Assumptions

    Current — GLAXO
    Price
    ₹2,332
    EPS (TTM)
    ₹61.15
    PE (TTM)
    38.1
    Profit growth
    19.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (47.2×) and current (38.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹2,332
    vs
    Fair value · 15% return
    ₹2,521
    8%Undervalued

    At 19.3% growth and a 38× exit, ₹2332 only delivers your return if you pay ₹2,521. The price is currently baking in 18% growth.

    EPS grows 19.3%/yr for 5 years, then fades to 6% over 2, exits at 38×.

    YearGrowthEPS (₹)
    FY2719.3%72.95
    FY2819.3%87.03
    FY2919.3%103.83
    FY3019.3%123.87
    FY3119.3%147.77
    FY3212.7% ·fade166.47
    FY336.0% ·fade176.46

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse GlaxoSmithKline Pharmaceuticals Limited

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