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Granules India Ltd
NSE:GRANULES

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Granules India Ltd
NSE:GRANULES
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Price: 686.75 INR -0.03% Market Closed
Market Cap: ₹170.2B

EV/EBIT

20.8
Current
21%
More Expensive
vs 3-y average of 17.2

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
20.8
=
Enterprise Value
₹144B
/
EBIT
₹8.1B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
20.8
=
Enterprise Value
₹144B
/
EBIT
₹8.1B

Valuation Scenarios

Granules India Ltd is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (17.2), the stock would be worth ₹567.99 (17% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-31%
Maximum Upside
+23%
Average Downside
3%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 20.8 ₹686.75
0%
3-Year Average 17.2 ₹567.99
-17%
5-Year Average 14.4 ₹473.95
-31%
Industry Average 25.6 ₹842.57
+23%
Country Average 23.3 ₹767.12
+12%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
₹144B
/
Jan 2026
₹8.1B
=
20.8
Current
₹144B
/
Mar 2026
₹8.8B
=
16.3
Forward
₹144B
/
Mar 2027
₹11B
=
13.1
Forward
₹144B
/
Mar 2028
₹13.2B
=
10.9
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IN
Granules India Ltd
NSE:GRANULES
166.7B INR 20.8 30.6
US
Eli Lilly and Co
NYSE:LLY
867B USD 29.1 40.3
US
Johnson & Johnson
NYSE:JNJ
555.4B USD 21.4 26.1
CH
Roche Holding AG
SIX:ROG
248.4B CHF 13.4 20.1
UK
AstraZeneca PLC
LSE:AZN
216.4B GBP 21.9 28
CH
Novartis AG
SIX:NOVN
223.1B CHF 15.6 19.5
US
Merck & Co Inc
NYSE:MRK
283.6B USD 11.5 15.2
IE
Endo International PLC
LSE:0Y5F
244.4B USD 970 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.1T DKK 9.8 11.4
US
Pfizer Inc
NYSE:PFE
151.6B USD 10.1 19.7
US
Bristol-Myers Squibb Co
NYSE:BMY
118.8B USD 8.9 16.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
Granules India Ltd
NSE:GRANULES
Average EV/EBIT: 103
20.8
22%
0.9
US
Eli Lilly and Co
NYSE:LLY
29.1
22%
1.3
US
Johnson & Johnson
NYSE:JNJ
21.4
13%
1.6
CH
Roche Holding AG
SIX:ROG
13.4
6%
2.2
UK
AstraZeneca PLC
LSE:AZN
21.9
21%
1
CH
Novartis AG
SIX:NOVN
15.6
9%
1.7
US
Merck & Co Inc
NYSE:MRK
11.5
6%
1.9
IE
E
Endo International PLC
LSE:0Y5F
970
N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
9.8
2%
4.9
US
Pfizer Inc
NYSE:PFE
10.1
-4%
N/A
US
Bristol-Myers Squibb Co
NYSE:BMY
8.9
-6%
N/A
P/E Multiple
Earnings Growth PEG
IN
Granules India Ltd
NSE:GRANULES
Average P/E: 22.8
30.6
21%
1.5
US
Eli Lilly and Co
NYSE:LLY
40.3
32%
1.3
US
Johnson & Johnson
NYSE:JNJ
26.1
8%
3.3
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
28
25%
1.1
CH
Novartis AG
SIX:NOVN
19.5
14%
1.4
US
Merck & Co Inc
NYSE:MRK
15.2
14%
1.1
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
11.4
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.7
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
16.7
16%
1

Market Distribution

In line with most companies in India
Percentile
45th
Based on 2 572 companies
45th percentile
20.8
Low
0.4 — 15.7
Typical Range
15.7 — 34.7
High
34.7 —
Distribution Statistics
India
Min 0.4
30th Percentile 15.7
Median 23.3
70th Percentile 34.7
Max 48 145.1

Granules India Ltd
Glance View

In the bustling corridors of the pharmaceutical world, Granules India Ltd. has carved out a distinctive niche through its unwavering commitment to efficiencies and economies of scale. Founded in 1984, the company began its journey as an operator of a small Paracetamol facility and steadily evolved into a formidable player on the global stage. Granules India's business model is streamlined; it meticulously integrates its manufacturing processes, focusing primarily on Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs), and Finished Dosage Forms (FDFs). By leveraging vertically integrated operations, the company ensures a seamless transition from raw material to finished product, reducing costs while maintaining high standards of product quality, an achievement that distinguishes it in the competitive landscape. Granules India capitalizes on its robust manufacturing infrastructure, which operates round the clock to serve a diverse clientele spanning across regulated and semi-regulated markets. This emphasis on cost-effective production is coupled with strategic geographical placement of its facilities, allowing it to cater efficiently to domestic and international markets, including North America, Europe, and emerging economies. The company's revenue streams are largely driven by the sales of its extensive product portfolio, which includes key therapeutic areas like over-the-counter (OTC) brands and prescription medications. By maintaining a diversified product line and emphasizing high-volume, low-margin products, Granules India continually fortifies its market position while sustaining a healthy balance between growth and stability.

GRANULES Intrinsic Value
564.33 INR
Overvaluation 18%
Intrinsic Value
Price ₹686.75
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