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 ₹ 10,629 Cr.
- Current Price ₹ 1,153
- High / Low ₹ 1,231 / 688
- Stock P/E 57.9
- Book Value ₹ 356
- Dividend Yield 0.35 %
- ROCE 7.15 %
- ROE 5.67 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 19.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.9%
- Company has been maintaining a healthy dividend payout of 26.0%
Cons
- Stock is trading at 3.24 times its book value
- The company has delivered a poor sales growth of 3.25% over past five years.
- Tax rate seems low
- Promoters have pledged 27.3% of their holding.
- Earnings include an other income of Rs.123 Cr.
- Company has high debtors of 255 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 929 | 2,162 | 1,382 | 1,470 | 1,537 | 1,692 | 1,858 | 1,979 | 1,854 | 1,866 | 2,139 | 2,180 | |
| 795 | 1,894 | 1,255 | 1,271 | 1,402 | 1,487 | 1,698 | 1,902 | 1,755 | 1,715 | 1,877 | 1,895 | |
| Operating Profit | 134 | 268 | 127 | 199 | 135 | 205 | 159 | 77 | 100 | 151 | 263 | 285 |
| OPM % | 14% | 12% | 9% | 14% | 9% | 12% | 9% | 4% | 5% | 8% | 12% | 13% |
| 619 | 82 | 154 | 860 | 111 | 93 | 117 | 123 | 68 | 122 | 2,873 | 123 | |
| Interest | 34 | 103 | 72 | 82 | 54 | 67 | 65 | 74 | 139 | 139 | 146 | 114 |
| Depreciation | 49 | 103 | 70 | 78 | 83 | 94 | 99 | 104 | 94 | 87 | 85 | 91 |
| Profit before tax | 669 | 145 | 139 | 899 | 109 | 136 | 112 | 22 | -65 | 46 | 2,905 | 203 |
| Tax % | 20% | 10% | 22% | 1% | -1% | 12% | 30% | -738% | -107% | 3% | 1% | 10% |
| 532 | 130 | 109 | 892 | 110 | 120 | 78 | 180 | 5 | 45 | 2,886 | 184 | |
| EPS in Rs | 89.32 | 14.58 | 12.14 | 99.62 | 12.33 | 13.42 | 8.72 | 20.07 | 0.52 | 4.85 | 313.04 | 19.92 |
| Dividend Payout % | 121% | 34% | 37% | 2% | 24% | 104% | 29% | -0% | 289% | 52% | 1% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 3% |
| 3 Years: | 6% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 20% |
| 3 Years: | 106% |
| TTM: | -94% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 25% |
| 3 Years: | 87% |
| 1 Year: | 58% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 20% |
| 3 Years: | 31% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60 | 89 | 89 | 90 | 90 | 90 | 90 | 90 | 90 | 92 | 92 | 92 |
| Reserves | 1,415 | 3,068 | 3,143 | 3,073 | 3,167 | 3,069 | 3,158 | 3,317 | 3,365 | 3,436 | 3,101 | 3,191 |
| 405 | 1,545 | 1,608 | 606 | 811 | 902 | 917 | 1,284 | 1,414 | 1,688 | 1,202 | 1,184 | |
| 273 | 602 | 641 | 517 | 595 | 616 | 1,056 | 743 | 750 | 687 | 636 | 928 | |
| Total Liabilities | 2,152 | 5,304 | 5,481 | 4,285 | 4,663 | 4,677 | 5,221 | 5,434 | 5,620 | 5,902 | 5,031 | 5,396 |
| 394 | 984 | 1,194 | 564 | 574 | 651 | 644 | 617 | 597 | 747 | 767 | 882 | |
| CWIP | 39 | 180 | 158 | 144 | 122 | 112 | 111 | 56 | 55 | 107 | 106 | 84 |
| Investments | 968 | 2,447 | 2,520 | 1,777 | 2,149 | 2,171 | 2,395 | 2,400 | 2,492 | 2,364 | 1,848 | 1,868 |
| 750 | 1,693 | 1,609 | 1,801 | 1,818 | 1,743 | 2,072 | 2,361 | 2,476 | 2,684 | 2,311 | 2,561 | |
| Total Assets | 2,152 | 5,304 | 5,481 | 4,285 | 4,663 | 4,677 | 5,221 | 5,434 | 5,620 | 5,902 | 5,031 | 5,396 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 207 | 83 | 412 | 66 | 40 | 138 | 283 | -283 | 242 | -14 | 421 | 278 | |
| 305 | -1,062 | -883 | 433 | -166 | 63 | -276 | 19 | -183 | -69 | -138 | -69 | |
| -802 | 1,571 | -67 | -707 | 123 | -204 | -49 | 251 | 11 | 93 | -370 | -199 | |
| Net Cash Flow | -290 | 592 | -538 | -208 | -3 | -3 | -42 | -13 | 70 | 11 | -86 | 10 |
| Free Cash Flow | 139 | -185 | 170 | -127 | -42 | 68 | 196 | -350 | 161 | -89 | 269 | 116 |
| CFO/OP | 191% | 49% | 352% | 42% | 57% | 83% | 73% | -397% | 142% | -45% | 114% | 98% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 101 | 117 | 143 | 112 | 138 | 141 | 161 | 239 | 257 | 306 | 248 | 255 |
| Inventory Days | 110 | 113 | 204 | 126 | 197 | 189 | 254 | 170 | 168 | 188 | 145 | 191 |
| Days Payable | 133 | 148 | 234 | 183 | 212 | 200 | 271 | 213 | 220 | 205 | 163 | 225 |
| Cash Conversion Cycle | 77 | 82 | 112 | 55 | 123 | 130 | 144 | 196 | 205 | 289 | 230 | 220 |
| Working Capital Days | 33 | 28 | -61 | 1 | -14 | -37 | 16 | 22 | 48 | 41 | 83 | 83 |
| ROCE % | 9% | 6% | 5% | 24% | 4% | 5% | 4% | 2% | 2% | 2% | 5% | 7% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Transcript of Earnings Call pertaining to audited financial results of the Company for the quarter and financial year ended March 31, 2026
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Completion Of US-FDA Inspection At The Company'S Flagship Facility In Bangalore
2d - USFDA inspection at Bangalore facility ended May 20, 2026; five Form 483 observations issued.
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Announcement under Regulation 30 (LODR)-Change in Directorate
20 May - Strides appoints Ramaraju PVS Executive Director from June 1, 2026; Aditya Kumar becomes Non-Executive Director.
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Pronouncement Of Order By The Hon'Ble NCLT, Bengaluru Bench Regarding Scheme Of Arrangement For Demerger Of Demerged Undertaking Of Arco Lab Private Limited, A Wholly Owned Subsidiary Of Strides Pharma Science Limited.
20 May - NCLT approved Arco Lab demerger into Pivot Path; effective date to follow after ROC filing.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 May - Newspaper Advertisement - Audited Financial Results for the quarter and financial year ended March 31, 2026
Annual reports
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Financial Year 2025
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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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Concalls
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May 2026TranscriptPPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Oct 2024TranscriptPPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Nov 2021TranscriptPPT
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Oct 2016TranscriptPPT
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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]