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GLAXO - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.0

Stock Code GLAXO Market Cap 41,138 Cr. Current Price 2,432 ₹ High / Low 3,516 ₹
Stock P/E 41.3 Book Value 101 ₹ Dividend Yield 1.72 % ROCE 62.6 %
ROE 46.4 % Face Value 10.0 ₹ DMA 50 2,506 ₹ DMA 200 2,608 ₹
Chg in FII Hold -0.16 % Chg in DII Hold -0.05 % PAT Qtr 277 Cr. PAT Prev Qtr 253 Cr.
RSI 41.9 MACD -23.7 Volume 28,349 Avg Vol 1Wk 42,840
Low price 2,220 ₹ High price 3,516 ₹ PEG Ratio -2.08 Debt to equity 0.02
52w Index 16.4 % Qtr Profit Var 21.3 % EPS 58.8 ₹ Industry PE 27.6

📊 Core Financials

  • Quarterly PAT increased from ₹253 Cr. to ₹277 Cr., showing healthy growth.
  • ROCE at 62.6% and ROE at 46.4% → exceptional efficiency and profitability.
  • Debt-to-equity ratio of 0.02 → virtually debt-free.
  • Cash flows supported by strong pharmaceutical demand and brand presence.

💹 Valuation Indicators

  • P/E Ratio: 41.3 vs Industry PE of 27.6 → trading at a premium.
  • P/B Ratio: ~24x (₹2432 / ₹101) → very high premium valuation.
  • PEG Ratio: -2.08 → negative, indicating weak growth expectations.
  • Intrinsic Value: Current price above fair value, reflecting brand premium.

🏢 Business Model & Competitive Advantage

  • Pharmaceutical company with strong global brand recognition.
  • Leadership in healthcare products ensures steady demand.
  • High efficiency metrics reflect strong operational execution.

📈 Technical & Entry Zone

  • Current Price: ₹2432, below 50 DMA (₹2506) and 200 DMA (₹2608).
  • RSI: 41.9 → approaching oversold zone.
  • MACD: -23.7 → bearish momentum.
  • Entry Zone: Attractive accumulation between ₹2250–₹2350.
  • Long-Term Holding: Strong fundamentals justify holding for 3–5 years despite premium valuations.

✅ Positive

  • Exceptional ROCE and ROE.
  • Debt-free balance sheet.
  • Quarterly profit growth of 21.3%.

⚠️ Limitation

  • High P/B ratio reflects expensive valuation.
  • Negative PEG ratio indicates growth concerns.

📉 Company Negative News

  • Decline in FII (-0.16%) and DII (-0.05%) holdings.
  • Stock corrected from 52-week high of ₹3516.

📈 Company Positive News

  • Quarterly PAT growth of 21.3% shows strong momentum.
  • Dividend yield of 1.72% provides steady income.

🏭 Industry

  • Pharmaceutical sector supported by global demand and healthcare expansion.
  • Industry PE at 27.6 indicates investor optimism.

🔎 Conclusion

GLAXO is a debt-light pharmaceutical company with exceptional efficiency and profitability.

Despite premium valuations (high P/B and PEG), its strong brand moat and consistent growth justify long-term holding.

Best accumulated around ₹2250–₹2350 for investors with a 3–5 year horizon.

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