Strides Pharma Science Ltd
Strides Pharma Science Ltd is in the business of development and manufacturing of pharmaceutical products.[1] The company's pharmaceutical products are sold in over 100 countries.[2]
The company has always followed an inorganic growth strategy over the years that resulted in foray into new markets, addition of new business segments, therapy segments and manufacturing infrastructure.[3]
- Market Cap ₹ 8,202 Cr.
- Current Price ₹ 890
- High / Low ₹ 912 / 422
- Stock P/E 139
- Book Value ₹ 346
- Dividend Yield 0.28 %
- ROCE 4.66 %
- ROE 1.75 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 109%
Cons
- Stock is trading at 2.64 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.81% over past five years.
- Promoter holding is low: 28.3%
- Company has a low return on equity of 1.46% over last 3 years.
- Promoters have pledged 52.0% of their holding.
- Earnings include an other income of Rs.2,873 Cr.
- Company has high debtors of 248 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 15m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,064 | 929 | 2,162 | 1,382 | 1,470 | 1,537 | 1,692 | 1,858 | 1,979 | 1,854 | 2,153 | 2,139 | |
914 | 795 | 1,894 | 1,255 | 1,271 | 1,402 | 1,487 | 1,698 | 1,902 | 1,755 | 1,898 | 1,877 | |
Operating Profit | 150 | 134 | 268 | 127 | 199 | 135 | 205 | 159 | 77 | 100 | 256 | 262 |
OPM % | 14% | 14% | 12% | 9% | 14% | 9% | 12% | 9% | 4% | 5% | 12% | 12% |
4,614 | 619 | 82 | 154 | 860 | 111 | 93 | 117 | 123 | 68 | 67 | 2,873 | |
Interest | 105 | 34 | 103 | 72 | 82 | 54 | 67 | 65 | 74 | 139 | 168 | 146 |
Depreciation | 47 | 49 | 103 | 70 | 78 | 83 | 94 | 99 | 104 | 94 | 85 | 85 |
Profit before tax | 4,612 | 669 | 145 | 139 | 899 | 109 | 136 | 112 | 22 | -65 | 70 | 2,905 |
Tax % | 24% | 20% | 10% | 22% | 1% | -1% | 12% | 30% | -738% | -107% | 6% | 1% |
3,513 | 532 | 130 | 109 | 892 | 110 | 120 | 78 | 180 | 5 | 65 | 2,886 | |
EPS in Rs | 589.42 | 89.32 | 14.58 | 12.14 | 99.62 | 12.33 | 13.42 | 8.72 | 20.07 | 0.52 | 7.13 | 313.04 |
Dividend Payout % | 86% | 121% | 34% | 37% | 2% | 24% | 104% | 29% | 0% | 289% | 35% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 5% |
3 Years: | 3% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | -7% |
5 Years: | -13% |
3 Years: | -30% |
TTM: | -16% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 36% |
3 Years: | 78% |
1 Year: | 102% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 2% |
3 Years: | 1% |
Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 60 | 60 | 89 | 89 | 90 | 90 | 90 | 90 | 90 | 90 | 92 | 92 |
Reserves | 1,571 | 1,415 | 3,068 | 3,143 | 3,073 | 3,167 | 3,069 | 3,158 | 3,317 | 3,365 | 3,469 | 3,101 |
473 | 405 | 1,545 | 1,608 | 606 | 811 | 902 | 917 | 1,284 | 1,414 | 1,650 | 1,202 | |
337 | 273 | 602 | 641 | 517 | 595 | 616 | 1,056 | 743 | 750 | 627 | 636 | |
Total Liabilities | 2,440 | 2,152 | 5,304 | 5,481 | 4,285 | 4,663 | 4,677 | 5,221 | 5,434 | 5,620 | 5,838 | 5,031 |
381 | 394 | 984 | 1,194 | 564 | 574 | 651 | 644 | 617 | 597 | 556 | 807 | |
CWIP | 37 | 39 | 180 | 158 | 144 | 122 | 112 | 111 | 56 | 55 | 94 | 66 |
Investments | 1,047 | 968 | 2,447 | 2,520 | 1,777 | 2,149 | 2,171 | 2,395 | 2,400 | 2,492 | 2,498 | 1,848 |
976 | 750 | 1,693 | 1,609 | 1,801 | 1,818 | 1,743 | 2,072 | 2,361 | 2,476 | 2,689 | 2,311 | |
Total Assets | 2,440 | 2,152 | 5,304 | 5,481 | 4,285 | 4,663 | 4,677 | 5,221 | 5,434 | 5,620 | 5,838 | 5,031 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-3 | 207 | 83 | 412 | 66 | 40 | 138 | 283 | -283 | 242 | -36 | 421 | |
3,999 | 305 | -1,062 | -883 | 433 | -166 | 63 | -276 | 19 | -183 | -61 | -138 | |
-3,498 | -802 | 1,571 | -67 | -707 | 123 | -204 | -49 | 251 | 11 | 108 | -370 | |
Net Cash Flow | 497 | -290 | 592 | -538 | -208 | -3 | -3 | -42 | -13 | 70 | 11 | -86 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 94 | 101 | 117 | 143 | 112 | 138 | 141 | 161 | 239 | 257 | 256 | 248 |
Inventory Days | 80 | 110 | 113 | 204 | 126 | 197 | 189 | 254 | 170 | 168 | 155 | 145 |
Days Payable | 127 | 133 | 148 | 234 | 183 | 212 | 200 | 271 | 213 | 220 | 166 | 163 |
Cash Conversion Cycle | 47 | 77 | 82 | 112 | 55 | 123 | 130 | 144 | 196 | 205 | 244 | 230 |
Working Capital Days | 100 | 97 | 120 | 110 | 150 | 178 | 150 | 162 | 231 | 261 | 292 | 261 |
ROCE % | 11% | 9% | 6% | 5% | 24% | 4% | 5% | 4% | 2% | 2% | 5% | 5% |
Documents
Announcements
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Closure of Trading Window
2d - Trading window closed from July 1, 2025, until 48 hours post Q1 financial results announcement.
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Intimation Pursuant To Regulation 31A
2d - BSE and NSE approved reclassification of Shasun Leasing from Promoter to Public category.
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Announcement under Regulation 30 (LODR)-Restructuring
16 Jun - Divestment of dormant Cyprus subsidiary for USD 100 to unrelated third parties.
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Announcement under Regulation 30 (LODR)-Change in Management
30 May - Senior VP Treasury Mr. Ramesh RJ retires after 30+ years with Strides Pharma on May 31, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
27 May - Strides reports FY25 revenue growth 17.2%, EBITDA INR803cr, PAT 12x higher, U.S. revenue $291M, strong outlook.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Oct 2016TranscriptPPT
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Aug 2016TranscriptPPT
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May 2016TranscriptPPT
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Feb 2016TranscriptPPT
Business Segments
1) Pharma Generics: Its generic pharma business is driven by IP-based product licensing and global marketing and distribution partnerships. It specializes in manufacturing niche generic formulations in various dosage forms, like tablets, capsules, liquids, and sachets, focusing on regulated markets including the United States, Europe, Australia, etc. It has emerged as one of the world’s leading producers of soft gelatin capsules. [1] [2]