Skip to content

    Granules India Limited

    Hyderabad pharma maker of APIs, formulation intermediates, finished dosages and peptide CDMO services.

    Healthcare
    Healthcare
    View GRANULES earnings calls
    ₹880.8
    +11.61% from avg

    Overview

    Price

    ₹880.8

    Market Cap

    ₹20.9k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2525252424242425
    Reserves1.8k2.1k2.6k2.8k3.2k3.7k4.0k5.1k
    Borrowings8928491.1k1.1k1.3k1.5k1.8k1.5k
    Other Liabilities4876908199329571.1k1.2k1.1k
    Total Liabilities3.2k3.7k4.5k4.9k5.5k6.2k6.9k7.7k
    AssetsFixed Assets1.2k1.3k1.5k1.9k2.1k2.4k2.8k3.3k
    CWIP294239356239272440702410
    Investments19192021222211
    Other Assets1.7k2.1k2.6k2.7k3.1k3.3k3.4k4.0k
    Total Assets3.2k3.7k4.5k4.9k5.5k6.2k6.9k7.7k

    Valuation

    Assumptions

    Current — GRANULES
    Price
    ₹881
    EPS (TTM)
    ₹26.03
    PE (TTM)
    33.8
    Profit growth
    3.5%

    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 (25.9×) and current (33.8×) 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
    ₹881
    vs
    Fair value · 15% return
    ₹336
    62%Overvalued

    At 3.5% growth and a 26× exit, ₹881 only delivers your return if you pay ₹336. The price is currently baking in 23% growth.

    EPS grows 3.5%/yr for 5 years, then fades to 6% over 2, exits at 26×.

    YearGrowthEPS (₹)
    FY273.5%26.94
    FY283.5%27.88
    FY293.5%28.86
    FY303.5%29.87
    FY313.5%30.92
    FY324.8% ·fade32.38
    FY336.0% ·fade34.33

    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 Granules India Limited

    Guides on how to read this kind of business and the numbers that matter.