Granules India Limited
Granules India Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹1,560 cr of revenue in its latest quarter (Q2 FY27) and kept 11.7% of sales as profit.
“Granules is a preferred supplier of superior quality pharmaceutical products for the world's leading branded pharma and generics companies, as well as to the top retailers in developed markets.”
Healthier than 59% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 80–153 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 41
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
What if I invest in GRANULES?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 6%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹1,560 cr |
| Other Income | ₹11 cr |
| Total Income | ₹1,571 cr |
| Cost of Materials | ₹613 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Inventory Change (±) | ₹-57 cr |
| Employee Benefit Expense | ₹258 cr |
| Finance Costs | ₹21 cr |
| Depreciation & Amortisation | ₹84 cr |
| Other Expenses | ₹408 cr |
| Total Expenses | ₹1,327 cr |
| Profit before Tax | ₹243 cr |
| Tax Expense | ₹62 cr |
| Net Profit | ₹182 cr |
| Net margin on total income | 11.6% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 1,471 cr | 1,477 cr | 1,560 cr |
| Total income | 1,479 cr | 1,479 cr | 1,571 cr |
| Expenses | 1,233 cr | 1,239 cr | 1,327 cr |
| Profit before tax | 262 cr | 240 cr | 243 cr |
| Tax | 61 cr | 60 cr | 62 cr |
| Net profit (owners' share) | 202 cr | 180 cr | 182 cr |
| Net margin (owners' share, on revenue) | 13.7% | 12.2% | 11.7% |
| EPS (₹) | 8.23 | 7.26 | 7.22 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Sun Pharmaceutical Industries Limited | ₹1,770 | ₹4.25 L cr | 53.3 | 8.9% | 12.3% | — |
| Divi's Laboratories Limited | ₹10,064 | ₹2.67 L cr | 74.1 | 21.5% | 29.3% | — |
| Torrent Pharmaceuticals Limited | ₹4,650 | ₹1.77 L cr | 82.7 | 11.6% | 10.7% | — |
| Laurus Labs Limited | ₹2,323 | ₹1.26 L cr | 71.1 | 29.1% | 20.0% | — |
| Zydus Lifesciences Limited | ₹1,241 | ₹1.24 L cr | 33.2 | 13.9% | 11.7% | — |
| Dr. Reddy's Laboratories Limited | ₹1,368 | ₹1.14 L cr | 30.8 | 9.5% | 10.6% | — |
| Cipla Limited | ₹1,397 | ₹1.13 L cr | 32.2 | 9.9% | 11.9% | — |
| Mankind Pharma Limited | ₹2,475 | ₹1.02 L cr | 35.9 | 16.2% | 16.4% | — |
| Aurobindo Pharma Limited | ₹1,695 | ₹97,502 cr | 23.7 | 10.9% | 11.3% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹1.75 / share | 30 Jul 2026 |
| Dividend | ₹1.5 / share | 31 Jul 2025 |
| Dividend | ₹1.5 / share | 30 Jul 2024 |
| Dividend | ₹1.5 / share | 3 Aug 2023 |
| Buyback | Buy Back of Shares | 22 Aug 2022 |
| Dividend | ₹0.75 / share | 19 Jul 2022 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 2 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
The company has not broken this money down into purposes in its filing for Sep 2026, so there is nothing to measure it against yet. India Ratings & Research Private Limited watches the spending on the exchange’s behalf.
The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. India Ratings & Research Private Limited watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing