Obermatt

Granules India

NSI:GRANULES · INE101D01020
PharmaceuticalsMedium

360

65
EV / EBIT28
Price / Owner Earnings13
Owner Earnings Yield49
Dividend Yield31
Price/Sales43
EV / Gross Profit46
Price/Book42
Return on Capital89
Cash Return on Capital54
Return on Equity73
EBIT Margin65
Gross Profitability86
Cash Conversion40
Owner Earnings Margin40
Sales growth78
Profit Growth41
Long-Term EPS Growth78
Reinvestment73
Price momentum87
Debt load49
Refinancing59
Debt Payback47
Liquidity40
Analyst ratings60
Opinion Changes50
Price Target Upside1
Market mood69
Value Creation17/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Granules India generates returns well above its cost of capital, the foundation of durable shareholder value.

Based on 3/5 components.

Profile

CountryIndia
IndustryPharmaceuticals
SizeMedium
TypePublic Company
ExchangeBSE
Founded1984
Employees1,832
ISININE101D01020
Last UpdateApr 2, 2026
Index & Theme
DiabetesCardiovascularChronic DiseasesPain ManagementPsychiatryNeurologyOncologyCentral Nervous SystemManufacturingPharmaceutical

Description

Granules India Limited engages in the production of active pharmaceutical ingredients (APIs) and pharmaceutical formulation intermediates (PFI). Division API division The company’s API facilities are located at Jeedimetla and Bonthapally. The Jeed…

Analysis

Hope premium

Granules India Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 52.2×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 19% a year, against analyst forecasts of 22%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is sturdy. The company scores 17/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
82
2023202420252026

All-time high

82

Jun 2026

All-time low

17

Jan 2023

Average rank

60

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
43
60
82
78
Price/Earnings
57
62
86
74
Price/Book
42
53
73
67
Dividend Yield
31
12
10
36
Value (overall)
48
47
65
73

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →