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GLENMARK - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.6

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

Fundamental Rating: 3.6

Stock Code GLENMARK Market Cap 61,590 Cr. Current Price 2,184 ₹ High / Low 2,298 ₹
Stock P/E 41.5 Book Value 848 ₹ Dividend Yield 0.11 % ROCE 9.72 %
ROE 7.35 % Face Value 1.00 ₹ DMA 50 2,068 ₹ DMA 200 1,917 ₹
Chg in FII Hold -1.53 % Chg in DII Hold 1.48 % PAT Qtr 426 Cr. PAT Prev Qtr 193 Cr.
RSI 58.3 MACD 46.4 Volume 9,04,866 Avg Vol 1Wk 7,58,551
Low price 1,336 ₹ High price 2,298 ₹ PEG Ratio 20.8 Debt to equity 0.02
52w Index 88.2 % Qtr Profit Var 3.00 % EPS 0.74 ₹ Industry PE 27.6

📊 Core Financials

  • Quarterly PAT rose from ₹193 Cr. to ₹426 Cr., showing strong sequential growth.
  • ROCE at 9.72% and ROE at 7.35% → relatively weak efficiency compared to peers.
  • Debt-to-equity ratio of 0.02 → virtually debt-free.
  • Cash flows supported by pharmaceutical demand but margins remain modest.

💹 Valuation Indicators

  • P/E Ratio: 41.5 vs Industry PE of 27.6 → trading at a premium.
  • P/B Ratio: ~2.6x (₹2184 / ₹848) → reasonable compared to sector peers.
  • PEG Ratio: 20.8 → very high, indicating expensive valuation relative to growth.
  • Intrinsic Value: Current price above fair value, reflecting optimism and momentum.

🏢 Business Model & Competitive Advantage

  • Pharmaceutical company with diversified product portfolio.
  • Strong presence in generics and specialty drugs.
  • Efficiency metrics lag industry leaders, limiting competitive edge.

📈 Technical & Entry Zone

  • Current Price: ₹2184, above 50 DMA (₹2068) and 200 DMA (₹1917).
  • RSI: 58.3 → nearing overbought territory.
  • MACD: 46.4 → bullish momentum.
  • Entry Zone: Attractive accumulation between ₹1900–₹2000.
  • Long-Term Holding: Suitable for investors willing to tolerate volatility; 3–5 year horizon recommended.

✅ Positive

  • Debt-light balance sheet.
  • Strong sequential PAT growth.
  • Stock trading near 52-week high, reflecting investor confidence.

⚠️ Limitation

  • Low ROE and ROCE compared to peers.
  • High PEG ratio indicates expensive valuation relative to growth.

📉 Company Negative News

  • Decline in FII holdings (-1.53%).
  • Efficiency metrics below industry average.

📈 Company Positive News

  • DII holdings increased by 1.48%, showing institutional support.
  • Quarterly PAT more than doubled sequentially.

🏭 Industry

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

🔎 Conclusion

GLENMARK shows strong profit momentum but efficiency metrics remain weak compared to peers.

Valuations are stretched with a high PEG ratio, suggesting growth is already priced in.

Best accumulated around ₹1900–₹2000 for cautious investors with a 3–5 year horizon, while monitoring profitability sustainability.

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