About
Granules India Limited manufactures and sells active pharmaceutical ingredients (APIs), pharmaceutical formulation intermediates, and finished dosages (FDs) in India and internationally. It offers paracetamol, metformin, guaifenesin, and methocarbamol, as well as prescription and over-the-counter products. The company also develops and manufactures tablets, capsules, press fits, oral solutions, suspensions, and powder for oral solutions. In addition, it provides development and manufacturing solutions for peptides, peptide fragments, and amino acid derivatives. The company offers its products in various therapeutic categories, including antiretroviral, anti-depressant, antihistamine, anti-diabetic, anti-cancer, multiple sclerosis, anti-thrombocytopenia, anti-ulcer, anti-convulsant, mucolytic/expectorant, anti-hypertensive, muscle relaxant, NSAIDs, anti-fibrotic, and anti-microbial, as well as anti-arrhythmic, CNS stimulant, anti-diarrheal, antihypertensive, uterine stimulant, chelating agent, mineral supplements, CNS depressant, PDE inhibitor, antispasmodic, and anti-viral. Granules India Limited was incorporated in 1984 and is headquartered in Hyderabad, India.
Key Metrics
as of Sep 2026Market Cap21,018 Cr
P/E32.30
Div Yield0.21 %
Book Value₹205.00
52w High₹910.00
52w Low₹507.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 802.00 | 877.00 | 895.00 | 892.00 | 810.00 | 768.00 | 842.00 | 568.00 | 852.00 | 940.00 | 984.00 | 1,009.00 | 821.00 |
| Expenses | 670.00 | 702.00 | 701.00 | 680.00 | 667.00 | 651.00 | 674.00 | 465.00 | 675.00 | 751.00 | 738.00 | 801.00 | 664.00 |
| Operating Profit | 131.00 | 175.00 | 194.00 | 211.00 | 144.00 | 117.00 | 168.00 | 103.00 | 177.00 | 189.00 | 247.00 | 208.00 | 157.00 |
| OPM % | 16.00 | 20.00 | 22.00 | 24.00 | 18.00 | 15.00 | 20.00 | 18.00 | 21.00 | 20.00 | 25.00 | 21.00 | 19.00 |
| Other Income | 14.00 | 17.00 | 12.00 | 8.00 | 1.00 | 61.00 | 6.00 | 3.00 | 2.00 | 3.00 | 1.00 | 1.00 | 0.00 |
| Depreciation | 39.00 | 44.00 | 41.00 | 41.00 | 40.00 | 38.00 | 38.00 | 35.00 | 36.00 | 36.00 | 36.00 | 36.00 | 35.00 |
| Interest | 10.00 | 16.00 | 15.00 | 17.00 | 14.00 | 13.00 | 17.00 | 15.00 | 18.00 | 20.00 | 20.00 | 18.00 | 15.00 |
| Profit before tax | 97.00 | 132.00 | 150.00 | 162.00 | 91.00 | 127.00 | 119.00 | 56.00 | 126.00 | 137.00 | 192.00 | 156.00 | 107.00 |
| Tax % | 26.00 | 25.00 | 26.00 | 26.00 | 24.00 | 26.00 | 24.00 | 26.00 | 25.00 | 29.00 | 26.00 | 26.00 | 25.00 |
| Net Profit | 72.00 | 99.00 | 112.00 | 121.00 | 69.00 | 94.00 | 90.00 | 41.00 | 94.00 | 97.00 | 143.00 | 116.00 | 80.00 |
| EPS in Rs | 2.90 | 3.99 | 4.60 | 4.97 | 2.86 | 3.88 | 3.72 | 1.71 | 3.87 | 4.01 | 5.89 | 4.79 | 3.30 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,474.00 | 3,030.00 | 3,755.00 | 3,931.00 | 3,238.00 | 3,135.00 | 2,310.00 | 2,098.00 | 1,647.00 | 1,349.00 | 1,328.00 | 1,213.00 |
| Expenses | 2,750.00 | 2,464.00 | 2,951.00 | 3,092.00 | 2,589.00 | 2,273.00 | 1,816.00 | 1,766.00 | 1,353.00 | 1,054.00 | 1,058.00 | 1,001.00 |
| Operating Profit | 724.00 | 567.00 | 804.00 | 840.00 | 649.00 | 862.00 | 494.00 | 333.00 | 294.00 | 296.00 | 270.00 | 212.00 |
| OPM % | 21.00 | 19.00 | 21.00 | 21.00 | 20.00 | 27.00 | 21.00 | 16.00 | 18.00 | 22.00 | 20.00 | 17.00 |
| Other Income | 38.00 | 70.00 | 3.00 | 9.00 | 13.00 | 13.00 | 187.00 | 28.00 | 24.00 | 15.00 | 6.00 | 1.00 |
| Interest | 61.00 | 63.00 | 72.00 | 39.00 | 16.00 | 24.00 | 27.00 | 28.00 | 33.00 | 32.00 | 37.00 | 31.00 |
| Depreciation | 164.00 | 146.00 | 144.00 | 146.00 | 126.00 | 118.00 | 102.00 | 91.00 | 76.00 | 71.00 | 58.00 | 50.00 |
| Profit before tax | 536.00 | 427.00 | 591.00 | 664.00 | 520.00 | 733.00 | 553.00 | 242.00 | 208.00 | 207.00 | 181.00 | 132.00 |
| Tax % | 25.00 | 25.00 | 26.00 | 25.00 | 26.00 | 25.00 | 20.00 | 33.00 | 33.00 | 31.00 | 33.00 | 28.00 |
| Net Profit | 401.00 | 319.00 | 436.00 | 499.00 | 387.00 | 553.00 | 444.00 | 162.00 | 139.00 | 143.00 | 121.00 | 95.00 |
| EPS in Rs | 16.17 | 13.17 | 17.99 | 20.61 | 15.59 | 22.32 | 17.47 | 6.37 | 5.48 | 6.25 | 5.57 | 4.66 |
| Dividend Payout % | 11.00 | 11.00 | 8.00 | 7.00 | 10.00 | 7.00 | 6.00 | 16.00 | 18.00 | 14.00 | 12.00 | 11.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25.00 | 24.00 | 24.00 | 24.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 23.00 | 22.00 | 20.00 |
| Reserves | 4,374.00 | 3,379.00 | 3,087.00 | 2,675.00 | 2,506.00 | 2,138.00 | 1,786.00 | 1,398.00 | 1,253.00 | 861.00 | 643.00 | 405.00 |
| Borrowings | 828.00 | 899.00 | 1,065.00 | 923.00 | 1,061.00 | 849.00 | 891.00 | 991.00 | 978.00 | 656.00 | 641.00 | 412.00 |
| Other Liabilities | 754.00 | 850.00 | 830.00 | 881.00 | 781.00 | 672.00 | 444.00 | 410.00 | 382.00 | 314.00 | 262.00 | 270.00 |
| Total Liabilities | 5,981.00 | 5,152.00 | 5,006.00 | 4,503.00 | 4,373.00 | 3,683.00 | 3,146.00 | 2,824.00 | 2,639.00 | 1,855.00 | 1,568.00 | 1,107.00 |
| Fixed Assets | 1,453.00 | 1,405.00 | 1,324.00 | 1,330.00 | 1,171.00 | 985.00 | 927.00 | 700.00 | 660.00 | 606.00 | 523.00 | 522.00 |
| CWIP | 118.00 | 121.00 | 53.00 | 63.00 | 211.00 | 164.00 | 130.00 | 333.00 | 286.00 | 132.00 | 35.00 | 18.00 |
| Investments | 2,030.00 | 1,282.00 | 941.00 | 677.00 | 597.00 | 592.00 | 445.00 | 506.00 | 75.00 | 75.00 | 89.00 | 72.00 |
| Other Assets | 2,381.00 | 2,345.00 | 2,688.00 | 2,433.00 | 2,395.00 | 1,942.00 | 1,644.00 | 1,285.00 | 1,618.00 | 1,042.00 | 920.00 | 494.00 |
| Total Assets | 5,981.00 | 5,152.00 | 5,006.00 | 4,503.00 | 4,373.00 | 3,683.00 | 3,146.00 | 2,824.00 | 2,639.00 | 1,855.00 | 1,568.00 | 1,107.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 643.00 | 823.00 | 317.00 | 664.00 | 280.00 | 375.00 | 495.00 | 227.00 | 24.00 | 190.00 | 144.00 | 135.00 |
| Cash from Investing Activity | -1,030.00 | -554.00 | -302.00 | -97.00 | -318.00 | -233.00 | -165.00 | -243.00 | -495.00 | -299.00 | -171.00 | -130.00 |
| Cash from Financing Activity | 444.00 | -340.00 | 26.00 | -519.00 | 151.00 | -296.00 | -212.00 | -17.00 | 529.00 | 36.00 | 86.00 | 25.00 |
| Net Cash Flow | 58.00 | -71.00 | 41.00 | 48.00 | 114.00 | -154.00 | 118.00 | -33.00 | 58.00 | -73.00 | 58.00 | 30.00 |
| Free Cash Flow | 404.00 | 618.00 | 198.00 | 452.00 | -43.00 | 152.00 | 376.00 | 39.00 | -251.00 | 7.00 | 44.00 | 33.00 |
| CFO/OP % | 110.00 | 161.00 | 59.00 | 100.00 | 65.00 | 65.00 | 124.00 | 94.00 | 26.00 | 84.00 | 71.00 | 78.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 131.00 | 156.00 | 159.00 | 127.00 | 136.00 | 118.00 | 99.00 | 122.00 | 154.00 | 127.00 | 122.00 | 58.00 |
| Inventory Days | 151.00 | 176.00 | 111.00 | 100.00 | 123.00 | 112.00 | 103.00 | 92.00 | 92.00 | 132.00 | 105.00 | 93.00 |
| Days Payable | 118.00 | 167.00 | 125.00 | 126.00 | 126.00 | 123.00 | 96.00 | 81.00 | 105.00 | 116.00 | 89.00 | 95.00 |
| Cash Conversion Cycle | 164.00 | 166.00 | 144.00 | 102.00 | 133.00 | 107.00 | 105.00 | 133.00 | 140.00 | 142.00 | 139.00 | 56.00 |
| Working Capital Days | 60.00 | 62.00 | 62.00 | 48.00 | 49.00 | 59.00 | 56.00 | 53.00 | 50.00 | 5.00 | 16.00 | 12.00 |
| ROCE % | 13.00 | 11.00 | 17.00 | 20.00 | 16.00 | 26.00 | 16.00 | 12.00 | 13.00 | 17.00 | 20.00 | 22.00 |
Corporate Actions
50 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 30 Jul 2026 | 30 Jul 2026 | — | 1.75 | |
| Dividend | 31 Jul 2025 | 31 Jul 2025 | — | 1.50 | |
| Dividend | 30 Jul 2024 | — | — | 1.50 | |
| Dividend | 03 Aug 2023 | 03 Aug 2023 | — | 1.50 | |
| Other | 03 Aug 2023 | — | — | — | Annual General Meeting |
| Other | 22 Aug 2022 | 23 Aug 2022 | — | — | Buy Back of Shares |
| Other | 22 Aug 2022 | 23 Aug 2022 | — | — | Buy Back |
| Dividend | 19 Jul 2022 | — | — | 0.75 | |
| Dividend | 17 Feb 2022 | 18 Feb 2022 | — | 0.25 | |
| Dividend | 24 Nov 2021 | 25 Nov 2021 | — | 0.25 | |
| Dividend | 05 Aug 2021 | 06 Aug 2021 | — | 0.25 | |
| Dividend | 28 Jul 2021 | — | — | 0.75 | |
| Dividend | 08 Feb 2021 | 09 Feb 2021 | — | 0.25 | |
| Dividend | 28 Oct 2020 | 30 Oct 2020 | — | 0.25 | |
| Dividend | 05 Aug 2020 | — | — | 0.25 | |
| Dividend | 28 Jul 2020 | 29 Jul 2020 | — | 0.25 | |
| Other | 19 Mar 2020 | 20 Mar 2020 | — | — | Buy Back of Shares |
| Other | 19 Mar 2020 | 20 Mar 2020 | — | — | Buyback |
| Dividend | 30 Jan 2020 | 31 Jan 2020 | — | 0.25 | |
| Dividend | 31 Oct 2019 | 02 Nov 2019 | — | 0.25 | |
| Dividend | 21 Aug 2019 | — | — | 0.25 | |
| Dividend | 08 Aug 2019 | 09 Aug 2019 | — | 0.25 | |
| Dividend | 07 Feb 2019 | 08 Feb 2019 | — | 0.25 | |
| Dividend | 06 Nov 2018 | 10 Nov 2018 | — | 0.25 | |
| Dividend | 29 Aug 2018 | — | — | 0.25 | |
| Dividend | 01 Aug 2018 | 02 Aug 2018 | — | 0.25 | |
| Dividend | 20 Feb 2018 | 21 Feb 2018 | — | 0.25 | |
| Dividend | 20 Nov 2017 | 21 Nov 2017 | — | 0.25 | |
| Dividend | 20 Sep 2017 | — | — | 0.25 | |
| Dividend | 23 Aug 2017 | 25 Aug 2017 | — | 0.25 | |
| Dividend | 07 Feb 2017 | 08 Feb 2017 | — | 0.25 | |
| Dividend | 03 Nov 2016 | 05 Nov 2016 | — | 0.20 | |
| Dividend | 23 Aug 2016 | 24 Aug 2016 | — | 0.20 | |
| Dividend | 03 Aug 2016 | — | — | 0.20 | |
| Dividend | 08 Feb 2016 | 09 Feb 2016 | — | 0.15 | |
| Dividend | 09 Nov 2015 | 11 Nov 2015 | — | 0.15 | |
| Dividend | 05 Aug 2015 | — | — | 0.15 | NSE/BSE dividend mismatch: BSE/NSE=0.5; BSE/NSE=0.15 |
| Dividend | 05 Aug 2015 | — | — | 0.50 | NSE/BSE dividend mismatch: BSE/NSE=0.5; BSE/NSE=0.15 |
| Split | 23 Mar 2015 | 24 Mar 2015 | 10:1 | — | |
| Dividend | 20 Aug 2014 | — | — | 3.50 | |
| Dividend | 08 Aug 2013 | — | — | 2.00 | |
| Dividend | 22 Jun 2012 | — | — | 2.00 | |
| Dividend | 02 Sep 2011 | — | — | 1.50 | |
| Dividend | 17 Sep 2010 | — | — | 1.25 | |
| Dividend | 18 Sep 2009 | — | — | 1.25 | |
| Dividend | 15 Dec 2008 | — | — | 0.13 | NSE/BSE dividend mismatch: NSE=0.125; BSE=1.25 |
| Dividend | 15 Dec 2008 | — | — | 1.25 | NSE/BSE dividend mismatch: NSE=0.125; BSE=1.25 |
| Dividend | 15 Dec 2008 | — | — | 0.13 | NSE/BSE dividend mismatch: NSE=0.125; BSE=1.25 |
| Dividend | 24 Dec 2007 | — | — | 0.13 | NSE/BSE dividend mismatch: NSE=0.125; BSE=1.25 |
| Dividend | 24 Dec 2007 | — | — | 1.25 | NSE/BSE dividend mismatch: NSE=0.125; BSE=1.25 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update19 Jan from icra
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Rating update16 Jan from fitch
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Rating update6 Nov 2024 from icra
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Rating update18 Oct 2024 from fitch
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Rating update22 Sep 2023 from fitch
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Rating update7 Aug 2023 from icra
Conference Calls
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