GRANULES INDIA LIMITED (GRANULES) financials

GRANULES INDIA LIMITED (GRANULES) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Granules India Ltd and its subsidiaries are primarily involved in the manufacturing and selling of Active Pharma Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs) and Finished Dosages.[1]

Market Cap: ₹21,951Cr.
Current Price: ₹803
Stock P/E: 54.5
ROE: 10.5%
ROCE: 12.8%
Book Value: ₹178
Dividend Yield: 0.22%
52W High / Low: ₹924/520

In Jun 2026, GRANULES INDIA LIMITED (GRANULES) reported sales ₹802 Cr and net profit ₹72 Cr.

Annual TTM: sales ₹3,466 Cr, net profit ₹403 Cr.

Shareholding: Promoters 37.39% (Sep 2026), FIIs 20.25% (Sep 2026), DIIs 15.33% (Sep 2026), Public 27.04% (Sep 2026), No. of Shareholders 1,82,022% (Sep 2026).

GRANULES quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	568	842	768	810	892	895	877	802
Expenses	465	674	651	667	680	701	702	670
Operating Profit	103	168	117	144	211	194	175	131
OPM %	18%	20%	15%	18%	24%	22%	20%	16%
Other Income	3	6	61	1	8	12	17	14
Interest	15	17	13	14	17	15	16	10
Depreciation	35	38	38	40	41	41	44	39
Profit before tax	56	119	127	91	162	150	132	97
Tax %	26%	24%	26%	24%	26%	26%	25%	26%
Net Profit	41	90	94	69	121	112	99	72
EPS in Rs	1.71	3.72	3.88	2.86	4.97	4.60	3.99	2.90
Raw PDF	—	—	—	—	—	—	—	—

GRANULES profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,310	3,135	3,238	3,931	3,755	3,030	3,474	3,466
Expenses	1,816	2,273	2,589	3,092	2,951	2,464	2,750	2,754
Operating Profit	494	862	649	840	804	567	724	712
OPM %	21%	27%	20%	21%	21%	19%	21%	21%
Other Income	187	13	13	9	3	70	38	50
Interest	27	24	16	39	72	63	61	57
Depreciation	102	118	126	146	144	146	164	164
Profit before tax	553	733	520	664	591	427	536	541
Tax %	20%	25%	26%	25%	26%	25%	25%	—
Net Profit	444	553	387	499	436	319	401	403
EPS in Rs	17.47	22.32	15.59	20.61	17.99	13.17	16.17	16.46
Dividend Payout %	6%	7%	10%	7%	8%	11%	11%	—

GRANULES balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	25	25	25	25	24	24	24	25
Reserves	1,398	1,786	2,138	2,506	2,675	3,087	3,379	4,374
Borrowings	991	891	849	1,061	923	1,065	899	828
Other Liabilities	410	444	672	781	881	830	850	754
Total Liabilities	2,824	3,146	3,683	4,373	4,503	5,006	5,152	5,981
Fixed Assets	700	927	985	1,171	1,330	1,324	1,405	1,453
CWIP	333	130	164	211	63	53	121	118
Investments	506	445	592	597	677	941	1,282	2,030
Other Assets	1,285	1,644	1,942	2,395	2,433	2,688	2,345	2,381
Total Assets	2,824	3,146	3,683	4,373	4,503	5,006	5,152	5,981

GRANULES cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	227	495	375	280	664	317	823	643
Cash from Investing Activity	-243	-165	-233	-318	-97	-302	-554	-1,030
Cash from Financing Activity	-17	-212	-296	151	-519	26	-340	444
Net Cash Flow	-33	118	-154	114	48	41	-71	58
Free Cash Flow	39	376	152	-43	452	198	618	404
CFO/OP	94%	124%	65%	65%	100%	59%	161%	110%

GRANULES shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	38.85%	38.83%	38.82%	38.81%	38.81%	38.02%	38.01%	37.39%
FIIs	15.87%	15.14%	13.24%	14.09%	13.55%	15.31%	17.50%	20.25%
DIIs	19.57%	22.45%	23.52%	17.91%	17.47%	17.01%	16.11%	15.33%
Public	25.71%	23.56%	24.41%	29.17%	30.15%	29.67%	28.36%	27.04%
No. of Shareholders	1,77,554	1,69,802	1,69,700	1,65,542	1,63,184	1,60,286	1,69,422	1,82,022

GRANULES key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	122	99	118	136	127	159	156	131
Inventory Days	92	103	112	123	100	111	176	151
Days Payable	81	96	123	126	126	125	167	118
Cash Conversion Cycle	133	105	107	133	102	144	166	164
Working Capital Days	53	56	59	49	48	62	62	60
ROCE %	12%	16%	26%	16%	20%	17%	11%	13%

GRANULESUpdated 13 Oct 2026, 2:30

Granules India Limited

GRANULESUpdated 13 Oct 2026, 2:30

Market Cap

₹21,951Cr.

Current Price

₹803

High / Low

₹924/520

Stock P/E

54.5

ROE10.5%

ROCE12.8%

Book Value₹178

Face Value₹1.00

Dividend Yield0.22%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	821	15	664	0	35	107	25	80	3.3
Sep 2023	1009	18	801	1	36	156	26	116	4.79
Dec 2023	984	20	738	1	36	192	26	143	5.89
Mar 2024	940	20	751	3	36	137	29	97	4.01
Jun 2024	852	18	675	2	36	126	25	94	3.87
Sep 2024	568	15	465	3	35	56	26	41	1.71
Dec 2024	842	17	674	6	38	119	24	90	3.72
Mar 2025	768	13	651	61	38	127	26	94	3.88
Jun 2025	810	14	667	1	40	91	24	69	2.86
Sep 2025	892	17	680	8	41	162	26	121	4.97
Dec 2025	895	15	701	12	41	150	26	112	4.6
Mar 2026	877	16	702	17	44	132	25	99	3.99
Jun 2026	802	10	670	14	39	97	26	72	2.9

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	1213	31	1001	1	50	132	28	95	4.66
Mar 2016	1328	37	1058	6	58	181	33	121	5.57
Mar 2017	1349	32	1054	15	71	207	31	143	6.25
Mar 2018	1647	33	1353	24	76	208	33	139	5.48
Mar 2019	2098	28	1766	28	91	242	33	162	6.37
Mar 2020	2310	27	1816	187	102	553	20	444	17.47
Mar 2021	3135	24	2273	13	118	733	25	553	22.32
Mar 2022	3238	16	2589	13	126	520	26	387	15.59
Mar 2023	3931	39	3092	9	146	664	25	499	20.61
Mar 2024	3755	72	2951	3	144	591	26	436	17.99
Mar 2025	3030	63	2464	70	146	427	25	319	13.17
Mar 2026	3474	61	2750	38	164	536	25	401	16.17
TTM	3466	57	2754	50	164	541	—	403	16.46

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	37.39%
FIIs	20.25%
DIIs	15.33%
Public	27.04%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	41.97%	18.78%	10.16%	29.1%
Mar 2024	41.96%	19.57%	10.7%	27.77%
Jun 2024	38.87%	20.39%	14.11%	26.61%
Sep 2024	38.87%	19.49%	14.85%	26.8%
Dec 2024	38.85%	15.87%	19.57%	25.71%
Mar 2025	38.83%	15.14%	22.45%	23.56%
Jun 2025	38.82%	13.24%	23.52%	24.41%
Sep 2025	38.81%	14.09%	17.91%	29.17%
Dec 2025	38.81%	13.55%	17.47%	30.15%
Mar 2026	38.02%	15.31%	17.01%	29.67%
Jun 2026	38.01%	17.5%	16.11%	28.36%
Sep 2026	37.39%	20.25%	15.33%	27.04%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	20	405	412	270	1107	522	18	72	494	1107
Mar 2016	22	643	641	262	1568	523	35	89	920	1568
Mar 2017	23	861	656	314	1855	606	132	75	1042	1855
Mar 2018	25	1253	978	382	2639	660	286	75	1618	2639
Mar 2019	25	1398	991	410	2824	700	333	506	1285	2824
Mar 2020	25	1786	891	444	3146	927	130	445	1644	3146
Mar 2021	25	2138	849	672	3683	985	164	592	1942	3683
Mar 2022	25	2506	1061	781	4373	1171	211	597	2395	4373
Mar 2023	24	2675	923	881	4503	1330	63	677	2433	4503
Mar 2024	24	3087	1065	830	5006	1324	53	941	2688	5006
Mar 2025	24	3379	899	850	5152	1405	121	1282	2345	5152
Mar 2026	25	4374	828	754	5981	1453	118	2030	2381	5981

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	135	-130	25	30
Mar 2016	144	-171	86	58
Mar 2017	190	-299	36	-73
Mar 2018	24	-495	529	58
Mar 2019	227	-243	-17	-33
Mar 2020	495	-165	-212	118
Mar 2021	375	-233	-296	-154
Mar 2022	280	-318	151	114
Mar 2023	664	-97	-519	48
Mar 2024	317	-302	26	41
Mar 2025	823	-554	-340	-71
Mar 2026	643	-1030	444	58

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	58	122	127	154	122	99	118	136	127	159	156	131
Inventory Days	93	105	132	92	92	103	112	123	100	111	176	151
Days Payable	95	89	116	105	81	96	123	126	126	125	167	118
Cash Conversion Cycle	56	139	142	140	133	105	107	133	102	144	166	164
Working Capital Days	12	16	5	50	53	56	59	49	48	62	62	60
ROCE %	22%	20%	17%	13%	12%	16%	26%	16%	20%	17%	11%	13%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of GRANULES INDIA LIMITED (GRANULES)?

The reported market capitalisation for GRANULES INDIA LIMITED (GRANULES) is ₹21,951Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of GRANULES?

The current price shown for GRANULES INDIA LIMITED (GRANULES) on Fincrux is ₹803 with a 52-week high/low of ₹924/520.

What is the P/E ratio of GRANULES INDIA LIMITED (GRANULES)?

The stock P/E for GRANULES INDIA LIMITED (GRANULES) is 54.5 on Fincrux, with ROE at 10.5% and ROCE at 12.8%.

What were GRANULES latest quarterly results?

For Jun 2026, GRANULES INDIA LIMITED (GRANULES) reported sales ₹802 Cr and net profit ₹72 Cr (figures in ₹ crore unless noted).

What are GRANULES annual sales and net profit?

For TTM, GRANULES INDIA LIMITED (GRANULES) shows sales of ₹3,466 Cr and net profit of ₹403 Cr on the Fincrux profit & loss statement.

Who owns GRANULES INDIA LIMITED (GRANULES)?

Latest shareholding for GRANULES INDIA LIMITED (GRANULES) on Fincrux: Promoters 37.39% (Sep 2026), FIIs 20.25% (Sep 2026), DIIs 15.33% (Sep 2026), Public 27.04% (Sep 2026), No. of Shareholders 1,82,022% (Sep 2026).

Where can I find GRANULES INDIA LIMITED (GRANULES) financials?

GRANULES INDIA LIMITED (GRANULES) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show GRANULES balance sheet and cash flow?

Yes. The GRANULES INDIA LIMITED (GRANULES) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 13 October 2026 at 2:30