| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,477 | 1,210 | +22.0% |
| EBITDA | 339 | 247 | +37.4% |
| EBITDA margin | 23.0% | 20.4% | +2.6 pts |
| Profit before tax | 240 | 145 | +66.3% |
| Net profit | 180 | 113 | +59.8% |
| EPS | ₹7.26 | ₹4.64 | +56.5% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 20,826 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 880 | 880 | 466 | 381 | 292 | ||
| 1,338 | 1,338 | 1,286 | 1,223 | 1,059 | ||
| 21,284 | — | — | — | — | ||
| 5,632 | 5,366 | 4,482 | 4,506 | 4,512 | ||
| — | +19.7% | −0.5% | −0.1% | — | ||
| 1,277 | 1,185 | 945 | 856 | 914 | ||
| 22.7% | 22.1% | 21.1% | 19.0% | 20.3% | ||
| 970 | 889 | 720 | 649 | 729 | ||
| 662 | 595 | 502 | 405 | 517 | ||
| 11.8% | 11.1% | 11.2% | 9.0% | 11.5% | ||
| ₹26.73 | ₹24.01 | ₹20.24 | ₹17.18 | ₹20.85 | ||
| — | +18.6% | +17.8% | −17.6% | — | ||
| — | 793 | 867 | 439 | 739 | ||
| — | −558 | −572 | −381 | −411 | ||
| 235 | 235 | 295 | 58.8 | 328 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 20,826.4 | |
| - Cash, Equiv & ST Investments | 291.6 | 381.1 | 466.1 | 880.2 | 880.2 | |
| + Total Debt | 1,058.6 | 1,223.2 | 1,285.8 | 1,338.1 | 1,338.1 | |
| Enterprise Value | — | — | — | — | 21,284.2 | |
| Revenue | 4,511.9 | 4,506.4 | 4,481.6 | 5,365.6 | 5,632.3 | |
| Growth %, YoY | — | -0.1 | -0.5 | +19.7 | — | |
| EBITDA | 913.8 | 856.0 | 945.2 | 1,185.1 | 1,277.3 | |
| Margin % | 20.25 | 18.99 | 21.09 | 22.09 | 22.68 | |
| EBIT | 729.3 | 648.6 | 719.7 | 889.0 | 970.4 | |
| Net Income | 516.6 | 405.3 | 501.5 | 595.0 | 662.3 | |
| Margin % | 11.45 | 8.99 | 11.19 | 11.09 | 11.76 | |
| EPS, Adj (current shares) | 20.85 | 17.18 | 20.24 | 24.01 | 26.73 | |
| Growth %, YoY | — | -17.6 | +17.8 | +18.6 | — | |
| Cash from Operations | 738.7 | 439.4 | 866.6 | 793.3 | — | |
| Capital Expenditures | -410.7 | -380.6 | -571.7 | -558.2 | — | |
| Free Cash Flow | 328.1 | 58.8 | 294.9 | 235.0 | 235.0 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Granules India (NSE: GRANULES) had a market capitalisation of ₹20,750 crore at the 29 October 2026 close (₹837.35 a share), a PE ratio of 31.3 on the last four quarters' profit and a price-to-book ratio of 4.08. In FY26 its consolidated net profit was ₹595 crore on revenue of ₹5,366 crore; in Q1 FY27 (April–June 2026) it was ₹180 crore, up 63.0% year on year. Its debt-to-equity ratio was 0.26 on 31 March 2026. Promoters held 37.39% of the shares on 30 September 2026.
Granules India's PE ratio is 31.3 at the 29 October 2026 close (₹837.35 a share): a market capitalisation of ₹20,750 crore divided by consolidated net profit of ₹662 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹595 crore) it is 34.9.
Granules India's debt-to-equity ratio was 0.26 on 31 March 2026: borrowings of ₹1,338 crore against total equity of ₹5,085 crore. A year earlier, on 31 March 2025, it was 0.35.
Granules India's net worth — shareholders' equity in its consolidated balance sheet — was ₹5,085 crore on 31 March 2026, up 36.9% from ₹3,716 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹20,750 crore at the 29 October 2026 close.
Granules India's price-to-book (PB) ratio is 4.08 at the 29 October 2026 close: a market capitalisation of ₹20,750 crore divided by shareholders' equity (book value) of ₹5,085 crore on 31 March 2026. That is a book value of ₹205.21 per share against a share price of ₹837.35.
In FY26, Granules India's return on equity (ROE) was 13.5% and its return on capital employed (ROCE) was 18.0%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 14.5% and ROCE 18.7%.
Granules India's book value per share was ₹205.21 on 31 March 2026: shareholders' equity of ₹5,085 crore divided by the 24.78 crore shares in issue, up 34.0% from ₹153.19 a year earlier. The share price at the 29 October 2026 close was ₹837.35.
Granules India's market capitalisation was ₹20,750 crore at the 29 October 2026 close: 24.78 crore shares at ₹837.35 each.
Granules India's basic earnings per share (EPS) were ₹24.47 in FY26, against ₹20.69 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹27.06.
In 2026, Granules India has declared one dividend: ₹1.75 with record date 30 July 2026.
No. Granules India had borrowings of ₹1,338 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.26. Its cash and current investments were ₹949 crore, so its net debt was ₹389 crore.
Granules India's dividend yield is 0.21% at the 29 October 2026 close: dividends of ₹1.75 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹837.35. They were ₹1.75 on 30 July 2026.
Promoters held 37.39% of Granules India on 30 September 2026, down 0.63 percentage points from 38.02% the previous quarter and down 1.43 percentage points from 38.82% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Granules India's shares were held by promoters 37.39%, foreign portfolio investors (FII/FPI) 20.25%, domestic institutions (DII) 15.33% (including mutual funds at 4.26%) and retail and other non-institutional investors 27.04%. Over the year, FII holding was up 6.16 percentage points from 14.09% and DII holding was down 2.59 percentage points from 17.92%.
Granules India's latest results are for Q1 FY27 (April–June 2026), filed on 21 July 2026: consolidated net profit ₹180 crore, up 63.0% from ₹110 crore in Q1 FY26; revenue from operations ₹1,477 crore, up 22.0% year on year.
At the 29 October 2026 closing prices, on FY26 net profit, Granules India's PE ratio is 34.9, the second highest of the four: Aurobindo Pharma 27.3, Ipca Laboratories 42.8 and Aarti Drugs 21.0, a peer average of 30.4. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Granules India generated ₹793 crore of cash from operations and spent ₹558 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹235 crore. In FY25 it was ₹295 crore.
In FY26 (April 2025–March 2026), Granules India's consolidated net profit was ₹595 crore, up 18.6% from ₹502 crore in FY25, on revenue from operations of ₹5,366 crore (up 19.7%). Over three years, from FY23, net profit was up 15.2%.
Granules India will announce its Q2 FY27 results (July–September 2026) on Monday, 2 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against Aurobindo Pharma, Ipca Laboratories and Aarti Drugs: Granules India's operating margin of 16.6% is the highest of the four (Aurobindo Pharma 15.1%, Ipca Laboratories 16.2%, Aarti Drugs 9.4%; peer average 13.6%); its return on equity of 13.5% is the second highest of the four (Aurobindo Pharma 9.9%, Ipca Laboratories 15.2%, Aarti Drugs 13.4%; peer average 12.8%); its revenue growth over three years of 6.0% a year is the third highest of the four (Aurobindo Pharma 10.6% a year, Ipca Laboratories 15.6% a year, Aarti Drugs −1.9% a year; peer average 8.1% a year).
In FY26, Granules India earned net profit of ₹595 crore on revenue of ₹5,366 crore, against ₹3,505 crore on ₹33,653 crore for Aurobindo Pharma. Granules India's operating margin was 16.6% (Aurobindo Pharma 15.1%) and its return on equity 13.5% (Aurobindo Pharma 9.9%). At the 29 October 2026 close, Granules India's market capitalisation was ₹20,750 crore against ₹95,511 crore for Aurobindo Pharma, and its PE ratio on FY26 profit 34.9 against 27.3.
From Granules India's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.