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GRANULES - 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 GRANULES Market Cap 14,217 Cr. Current Price 586 ₹ High / Low 627 ₹
Stock P/E 37.1 Book Value 146 ₹ Dividend Yield 0.26 % ROCE 10.9 %
ROE 9.14 % Face Value 1.00 ₹ DMA 50 577 ₹ DMA 200 553 ₹
Chg in FII Hold -0.30 % Chg in DII Hold 0.60 % PAT Qtr 112 Cr. PAT Prev Qtr 121 Cr.
RSI 53.8 MACD -0.62 Volume 10,55,520 Avg Vol 1Wk 7,28,032
Low price 412 ₹ High price 627 ₹ PEG Ratio -4.31 Debt to equity 0.29
52w Index 80.6 % Qtr Profit Var 23.8 % EPS 16.3 ₹ Industry PE 27.6

📊 Core Financials

  • Quarterly PAT declined from ₹121 Cr. to ₹112 Cr., showing short-term weakness.
  • ROCE at 10.9% and ROE at 9.14% → modest efficiency compared to peers.
  • Debt-to-equity ratio of 0.29 → manageable leverage.
  • Cash flows supported by pharmaceutical manufacturing but margins remain under pressure.

💹 Valuation Indicators

  • P/E Ratio: 37.1 vs Industry PE of 27.6 → trading at a premium.
  • P/B Ratio: ~4.0x (₹586 / ₹146) → moderate valuation.
  • PEG Ratio: -4.31 → negative, indicating weak growth expectations.
  • Intrinsic Value: Current price above fair zone, reflecting optimism in pharma sector.

🏢 Business Model & Competitive Advantage

  • Pharmaceutical company with focus on APIs and formulations.
  • Global presence provides diversification and export opportunities.
  • Efficiency metrics lag industry leaders, limiting competitive edge.

📈 Technical & Entry Zone

  • Current Price: ₹586, near 50 DMA (₹577) and above 200 DMA (₹553).
  • RSI: 53.8 → neutral zone.
  • MACD: -0.62 → mild bearish momentum.
  • Entry Zone: Attractive accumulation between ₹540–₹560.
  • Long-Term Holding: Suitable for cautious investors with 3–5 year horizon.

✅ Positive

  • Debt levels remain manageable.
  • DII holdings increased by 0.60%, showing institutional support.
  • EPS of ₹16.3 reflects profitability despite margin pressures.

⚠️ Limitation

  • Quarterly profit decline raises concerns.
  • Negative PEG ratio indicates weak growth visibility.
  • ROE and ROCE below industry averages.

📉 Company Negative News

  • Decline in FII holdings (-0.30%).
  • Stock corrected from 52-week high of ₹627.

📈 Company Positive News

  • DII inflows indicate domestic institutional confidence.
  • Strong 52-week performance index (80.6%) shows investor interest.

🏭 Industry

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

🔎 Conclusion

GRANULES is a pharmaceutical company with global presence and manageable debt, but currently trading at premium valuations.

Weak efficiency metrics and negative PEG ratio suggest limited growth visibility.

Best accumulated around ₹540–₹560 for cautious investors with a 3–5 year horizon, while monitoring profitability trends.

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