Healthcare · NIFTY 500

Granules India Limited

NSEGRANULES BSE532482 ISININE101D01020 SeriesEQ Listed on NSE · BSE

₹840.50 +41.25 (+5.16%) Updated 12 Nov, 8:49 pm IST

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Price, daily close+40.86% in a year

Today

Open: ₹802.00
Prev close: ₹799.25
Day high: ₹847.00
Day low: ₹797.00
Volume: 58.77 L
Value traded: ₹483.64 Cr
Upper circuit: ₹959.10
Lower circuit: ₹639.40
52W high: ₹923.65
52W low: ₹529.85
1 month: -1.89%
6 months: +5.83%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹22,927 Cr

P/E (TTM)29.42

P/B3.49

Book value / share₹240.73

EPS (TTM)₹28.57

ROE10.9%

Dividend yield0.21%

Dividend (12m)₹1.75 / share

Net margin (TTM)12.1%

Operating margin21.6%

Debt / equity0.09

Current ratio2.60

EV / EBITDA16.71

Sales growth (YoY qtr)+20.28%

Profit growth (YoY qtr)+39.23%

Sales CAGR 3Y+5.95%

Profit CAGR 3Y+4.82%

Shares27.28 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

1,156126

Dec 23

1,176139

Mar 24

1,180135

Jun 24

96797.2

Sep 24

1,138118

Dec 24

1,197152

Mar 25

1,210110

Jun 25

1,297131

Sep 25

1,388150

Dec 25

1,471202

Mar 26

1,477180

Jun 26

1,560182

Sep 26

Revenue · QoQ (vs last quarter)

—+1.7%+0.3%-18%+18%+5.3%+1.1%+7.2%+7.0%+6.0%+0.4%+5.6%

Revenue · YoY (vs a year ago)

————-1.5%+1.8%+2.6%+34%+22%+23%+22%+20%

Net profit · QoQ (vs last quarter)

—+11%-3.1%-28%+21%+29%-27%+18%+15%+34%-11%+1.0%

Net profit · YoY (vs a year ago)

————-6.4%+9.4%-18%+34%+28%+33%+63%+39%

RevenueNet profitLine = trend

5.18

Dec 23

5.35

Mar 24

5.55

Jun 24

4.01

Sep 24

4.85

Dec 24

6.27

Mar 25

4.64

Jun 25

5.38

Sep 25

6.19

Dec 25

8.23

Mar 26

7.12

Jun 26

7.03

Sep 26

EPS (₹) · YoY (vs a year ago)

————-6.4%+17%-16%+34%+28%+31%+53%+31%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	1,156	1,176	1,180	967	1,138	1,197	1,210	1,297	1,388	1,471	1,477	1,560
Other income	0.7	1.9	2.1	3.3	5.7	1.9	16.3	-1.1	-3.6	8.8	2.3	10.7
Total income	1,156	1,178	1,182	970	1,143	1,199	1,226	1,296	1,384	1,479	1,479	1,571
Raw material	553	547	483	362	445	435	429	498	529	644	496	613
Purchases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Employee cost	157	152	164	159	168	169	203	219	226	240	255	258
Other expenses	251	299	273	237	304	338	336	355	352	374	375	408
Total expenses	986	1,002	1,000	841	991	1,033	1,056	1,120	1,182	1,233	1,239	1,327
Operating profit	250	256	259	203	230	283	221	278	308	368	339	338
OPM %	21.7%	21.7%	22.0%	21.0%	20.2%	23.6%	18.2%	21.5%	22.2%	25.0%	22.9%	21.6%
Finance cost	28.6	28.8	27.0	25.7	26.6	24.0	23.8	29.2	28.7	32.7	21.1	21.0
Depreciation	52.4	53.2	52.9	52.5	56.6	63.5	68.8	72.0	73.5	81.7	79.6	83.9
Exceptional items	—	—	—	—	—	30.8	-25.9	—	—	15.9	—	—
Profit before tax	170	176	181	128	153	198	145	176	202	262	240	243
Tax	44.4	46.0	46.8	31.1	35.2	45.5	31.9	45.3	52.0	60.8	60.4	61.6
Net profit	126	130	135	97.2	118	152	113	131	150	202	180	182
Profit to shareholders	126	139	135	97.2	118	152	110	131	150	—	180	182
EPS (₹)	5.18	5.35	5.55	4.01	4.85	6.27	4.64	5.38	6.19	8.23	7.12	7.03

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

2,2793840.0

FY19

2,5995530.0

FY20

3,238855549

FY21

3,765722413

FY22

4,512914517

FY23

4,506856426

FY24

4,482976502

FY25

5,3661,175595

FY26

Revenue · YoY (vs a year ago)

—+14%+25%+16%+20%-0.1%-0.5%+20%

Net profit · YoY (vs a year ago)

———-25%+25%-18%+18%+19%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,279	2,599	3,238	3,765	4,512	4,506	4,482	5,366
Other income	26.7	36.6	26.9	17.6	13.8	4.4	12.9	20.3
Total expenses	2,029	2,237	2,560	3,225	3,839	3,964	3,865	4,591
Employee cost	210	259	408	401	472	598	660	888
Operating profit	384	553	855	722	914	856	976	1,175
OPM %	16.8%	21.3%	26.4%	19.2%	20.3%	19.0%	21.8%	21.9%
Finance cost	28.5	27.0	26.3	23.2	55.9	106	103	114
Depreciation	105	137	151	159	184	207	226	296
Profit before tax	277	426	704	558	687	547	660	785
Tax	89.1	116	155	145	171	142	159	190
Tax rate %	32.2%	27.2%	22.0%	26.0%	24.8%	25.9%	24.0%	24.2%
Net profit	236	335	549	413	517	405	502	595
Profit to shareholders	0.0	0.0	—	413	517	426	502	—
Net margin %	0.0%	0.0%	17.0%	11.0%	11.4%	9.4%	11.2%	11.1%
EPS (₹)	9.28	13.15	21.95	16.60	21.00	16.72	20.68	24.46

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

2,8351,059292

Mar 23

3,2261,223381

Mar 24

3,7161,286466

Mar 25

5,0851,338880

Mar 26

6,567619945

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+14%+15%+37%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	2,835	3,226	3,716	5,085	6,567
Long-term borrowings	149	69.0	312	297	0.0
Short-term borrowings	910	1,154	974	1,041	619
Total borrowings	1,059	1,223	1,286	1,338	619
Current liabilities	1,814	2,082	2,003	2,092	1,748
Fixed assets (PPE)	1,631	1,856	2,217	3,051	3,403
Inventories	1,149	1,301	1,343	1,673	1,861
Trade receivables	949	986	942	909	946
Cash & equivalents	292	381	466	880	945
Current assets	2,574	2,905	3,115	3,768	4,552
Total assets	4,905	5,521	6,253	7,720	8,872
Debt / equity	0.37	0.38	0.35	0.26	0.09

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

332-380190

FY22

739-191-440

FY23

439-3607.7

FY24

867-691-92.5

FY25

793-773379

FY26

Operations · YoY (vs a year ago)

—+122%-41%+97%-8.5%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	332	739	439	867	793
Cash from investing	-380	-191	-360	-691	-773
Cash from financing	190	-440	7.7	-92.5	379
Spent on fixed assets	-398	-411	-381	-572	-558
Free cash flow	-65.7	328	58.8	295	235
Net cash flow	142	107	86.9	82.8	399

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

38.9%Jun 24

38.9%Sep 24

38.9%Dec 24

38.8%Mar 25

38.8%Jun 25

38.8%Sep 25

38.8%Dec 25

38.0%Feb 26

38.0%Mar 26

38.0%Jun 26

37.4%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

37.4%promoter

Promoter & group: 37.39%
Public (FIIs, mutual funds, retail…): 62.61%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Rs 1.75 Per ShareEx 30-Jul-2026
Dividend - Rs 1.50 Per ShareEx 31-Jul-2025
Annual General Meeting/Dividend - Rs 1.50 Per ShareEx 30-Jul-2024
Dividend - Rs 1.50 Per ShareEx 03-Aug-2023
Annual General MeetingEx 03-Aug-2023
Buy BackEx 22-Aug-2022
Annual General Meeting/Dividend - Rs 0.75 Per ShareEx 19-Jul-2022
Interim Dividend - Rs 0.25 Per ShareEx 17-Feb-2022

Board meetings

the financial results for the period ended September 30, 202602-Nov-2026
GRANULES INDIA LIMITED has informed the Exchange about Board Meeting to be held on 02-Nov-2026 to inter-alia consider and approve the Unaudited Finan…02-Nov-2026
GRANULES INDIA LIMITED has informed the Exchange about Board Meeting to be held on 21-Jul-2026 to inter-alia consider and approve the Unaudited Finan…21-Jul-2026
the financial results for the period ended Jun 30, 202621-Jul-2026
the Quarterly Audited Financial results of the Company for the period ended March 2026 and Dividend.29-Apr-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates10 Nov
General Updates6 Nov
Analysts/Institutional Investor Meet/Con. Call Updates6 Nov
Analysts/Institutional Investor Meet/Con. Call Updates2 Nov
Monitoring Agency Report2 Nov
Analysts/Institutional Investor Meet/Con. Call Updates2 Nov
Press Release2 Nov

Latest news

GRANULES Outlook for the WeekEquitypandit · 8 Nov, 1:30 pm Granules India block deal: 5.3% equity worth Rs 1,160 crore changes hands; promoter likely sellerMoneycontrol.com · 11 Sep, 12:30 pm What Granules India Bulls Got RightSimply Wall St · 7 Nov, 11:56 pm Granules surges 18% in 1 month; why pharma stock hits 52-week high today?Business Standard · 24 Dec, 1:30 pm Granules India Share Price Fall Streak after 4.58% dropUnivest · 1 Oct, 12:30 pm Granules India reports 39% jump in Q2 profit; share price trade lowerMoneycontrol.com · 3 Nov, 1:30 pm Granules India (NSEI:GRANULES) Stock Forecast & Analyst PredictionsSimply Wall St · 3 Nov, 1:30 pm Granules India Ltd. Share Price Today - Granules India Ltd. Stock Price Live NSE/BSECNBC TV18 · 3 Jan, 8:53 pm

About

About Granules India Limited

Granules India Limited is an Indian pharmaceutical manufacturing company headquartered in Hyderabad, Telangana, India. The company is involved in the manufacture and sale of finished dosage forms (FDs), pharmaceutical formulation intermediates (PFIs), active pharmaceutical ingredients (APIs).

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Granules India Limited
NSE symbol: GRANULES
BSE scrip code: 532482
ISIN: INE101D01020
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 20 Jun 2005
Face value: ₹1 per share
Market lot: 1 share
Shares issued: 27.28 crore
Index: NIFTY 500
Sector (NSE): Healthcare
Industry: Pharmaceuticals: Other
Managing director / CEO: Krishna Prasad Chigurupati
Chair: Krishna Prasad Chigurupati
Headquarters: Hyderabad, Telangana, India
Registered address: 15th Floor, Granules Tower,Botanical Garden Road, Kondapur, Hyderabad – 500084, Telangana, India.
Founded: 1984
Employees: 6,523
Financial year: April to March
Results basis: Consolidated
Website: granulesindia.com

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Granules India Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers