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Granules India Ltd
NSE:GRANULES

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Granules India Ltd
NSE:GRANULES
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Price: 707.9 INR 0.48% Market Closed
Market Cap: ₹175.4B

P/S

3.4
Current
36%
More Expensive
vs 3-y average of 2.5

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

P/S
3.4
=
Market Cap
₹145.5B
/
Revenue
₹50.9B

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

P/S
3.4
=
Market Cap
₹145.5B
/
Revenue
₹50.9B

Valuation Scenarios

Granules India Ltd is trading above its 3-year average

If P/S returns to its 3-Year Average (2.5), the stock would be worth ₹520.8 (26% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-30%
Maximum Upside
+11%
Average Downside
17%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 3.4 ₹707.9
0%
3-Year Average 2.5 ₹520.8
-26%
5-Year Average 2.4 ₹498.01
-30%
Industry Average 3.8 ₹788.08
+11%
Country Average 2.6 ₹548.99
-22%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
₹145.5B
/
Jan 2026
₹50.9B
=
3.4
Current
₹145.5B
/
Mar 2026
₹54.6B
=
2.7
Forward
₹145.5B
/
Mar 2027
₹62.6B
=
2.3
Forward
₹145.5B
/
Mar 2028
₹71.1B
=
2
Forward

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

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
IN
Granules India Ltd
NSE:GRANULES
171B INR 3.4 31.5
US
Eli Lilly and Co
NYSE:LLY
883B USD 13.5 42.8
US
Johnson & Johnson
NYSE:JNJ
553.5B USD 5.7 26.3
CH
Roche Holding AG
SIX:ROG
248.4B CHF 4.2 20.1
UK
AstraZeneca PLC
LSE:AZN
216.3B GBP 4.9 28
US
Merck & Co Inc
NYSE:MRK
270.2B USD 4.2 14.8
CH
Novartis AG
SIX:NOVN
216.3B CHF 5 20.7
IE
Endo International PLC
LSE:0Y5F
244.4B USD 105.4 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.1T DKK 3.9 11.8
US
Pfizer Inc
NYSE:PFE
149.3B USD 2.4 19.5
US
Bristol-Myers Squibb Co
NYSE:BMY
122B USD 2.5 17.3
P/E Multiple
Earnings Growth PEG
IN
Granules India Ltd
NSE:GRANULES
Average P/E: 23.3
31.5
21%
1.5
US
Eli Lilly and Co
NYSE:LLY
42.8
32%
1.3
US
Johnson & Johnson
NYSE:JNJ
26.3
8%
3.3
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
28
25%
1.1
US
Merck & Co Inc
NYSE:MRK
14.8
14%
1.1
CH
Novartis AG
SIX:NOVN
20.7
14%
1.5
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
11.8
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.5
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
17.3
16%
1.1

Market Distribution

In line with most companies in India
Percentile
59th
Based on 2 983 companies
59th percentile
3.4
Low
0 — 1.5
Typical Range
1.5 — 4.6
High
4.6 —
Distribution Statistics
India
Min 0
30th Percentile 1.5
Median 2.6
70th Percentile 4.6
Max 56 363.4

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 20%
Intrinsic Value
Price ₹707.9
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