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Granules India Ltd
NSE:GRANULES

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Granules India Ltd
NSE:GRANULES
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Price: 699.7 INR -0.69% Market Closed
Market Cap: ₹173.4B

P/E

31.1
Current
23%
More Expensive
vs 3-y average of 25.3

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
31.1
=
Market Cap
₹145.5B
/
Net Income
₹5.5B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
31.1
=
Market Cap
₹145.5B
/
Net Income
₹5.5B

Valuation Scenarios

Granules India Ltd is trading above its 3-year average

If P/E returns to its 3-Year Average (25.3), the stock would be worth ₹567.6 (19% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-39%
Maximum Upside
No Upside Scenarios
Average Downside
17%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 31.1 ₹699.7
0%
3-Year Average 25.3 ₹567.6
-19%
5-Year Average 19.1 ₹429.83
-39%
Industry Average 30.4 ₹682.37
-2%
Country Average 28.7 ₹645.24
-8%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
₹145.5B
/
Jan 2026
₹5.5B
=
31.1
Current
₹145.5B
/
Mar 2026
₹5.7B
=
25.5
Forward
₹145.5B
/
Mar 2027
₹7.3B
=
19.8
Forward
₹145.5B
/
Mar 2028
₹8.9B
=
16.3
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

All Countries
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Market Distribution

In line with most companies in India
Percentile
54th
Based on 3 123 companies
54th percentile
31.1
Low
0 — 18.9
Typical Range
18.9 — 44.4
High
44.4 —
Distribution Statistics
India
Min 0
30th Percentile 18.9
Median 28.7
70th Percentile 44.4
Max 877 228.1

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 19%
Intrinsic Value
Price ₹699.7
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