Gland Pharma Ltd

Gland Pharma Ltd

₹ 2,250 -2.72%
29 May - close price
About

Established in Hyderabad, India in 1978, Gland Pharma has grown over the years from a contract manufacturer of small volume liquid parenteral products, to become one of the largest and fastest growing injectable-focused companies, with a global footprint across 60 countries, including the United States, Europe, Canada, Australia, India and other markets. We operate primarily under a business to business (B2B) model and have an excellent track record in the development, manufacturing and marketing of complex injectables. This presence across the value chain has helped us witness exponential growth. We are promoted by Shanghai Fosun Pharma, a global pharmaceutical major.

Key Points

Product Portfolio
The company is one of the largest and fastest-growing injectable-focused companies, providing 89+ product SKUs, including vials, ampoules, pre-filled syringes, lyophilized vials, dry powders, infusions, oncology, and ophthalmic solutions, across 15+ therapeutic areas. [1] [2]

The company launched 85 new molecules between FY22 and FY24, and introduced 12 new molecules, including Cetrorelix Acetate, Tranexamic Acid, Eribulin mesylate, Plerixafor, Nelarabine, etc., in the US market during H1 FY25. [3] [4]

  • Market Cap 37,070 Cr.
  • Current Price 2,250
  • High / Low 2,396 / 1,571
  • Stock P/E 28.1
  • Book Value 656
  • Dividend Yield 0.80 %
  • ROCE 17.4 %
  • ROE 12.8 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 28.0%

Cons

  • The company has delivered a poor sales growth of 5.62% over past five years.
  • Company has a low return on equity of 12.3% over last 3 years.
  • Promoter holding has decreased over last 3 years: -6.03%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
785 884 1,011 1,098 1,175 1,012 1,063 1,011 1,030 1,039 1,074 1,178 1,262
616 625 664 728 742 718 699 620 636 680 699 756 754
Operating Profit 169 259 347 369 433 294 364 391 394 359 375 422 508
OPM % 22% 29% 34% 34% 37% 29% 34% 39% 38% 35% 35% 36% 40%
-18 35 41 43 47 48 58 65 44 55 83 36 106
Interest 2 2 1 1 5 1 0 18 3 7 4 0 6
Depreciation 38 39 40 40 43 41 42 44 43 44 45 45 43
Profit before tax 112 254 347 372 433 300 380 394 391 362 409 412 565
Tax % 29% 26% 26% 26% 26% 26% 26% 25% 26% 26% 26% 25% 26%
79 188 258 277 321 223 282 295 290 269 302 308 420
EPS in Rs 4.81 11.39 15.64 16.81 19.51 13.53 17.10 17.91 17.60 16.34 18.33 18.69 25.52
Raw PDF

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
994 1,348 1,479 1,620 2,044 2,633 3,463 4,401 3,617 4,167 4,116 4,552
678 845 854 1,085 1,338 1,678 2,161 2,890 2,598 2,758 2,674 2,889
Operating Profit 316 502 625 535 706 955 1,302 1,511 1,019 1,410 1,443 1,663
OPM % 32% 37% 42% 33% 35% 36% 38% 34% 28% 34% 35% 37%
30 37 34 49 66 139 135 224 184 166 215 280
Interest 17 16 6 4 4 7 3 5 7 8 23 18
Depreciation 57 63 74 78 82 95 99 110 147 162 169 176
Profit before tax 272 459 578 502 686 993 1,335 1,619 1,048 1,405 1,466 1,748
Tax % 23% 32% 28% 36% 34% 22% 25% 25% 26% 26% 26% 26%
209 314 414 321 452 773 997 1,212 776 1,043 1,090 1,300
EPS in Rs 133.53 202.40 267.01 207.24 291.65 49.88 60.94 73.78 47.11 63.34 66.14 78.88
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 32% 27% 25%
Compounded Sales Growth
10 Years: 13%
5 Years: 6%
3 Years: 8%
TTM: 11%
Compounded Profit Growth
10 Years: 15%
5 Years: 6%
3 Years: 17%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: -6%
3 Years: 34%
1 Year: 42%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 12%
Last Year: 13%

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 16 15 16 16 16 16 16 16 16 16 16 16
Reserves 1,379 1,662 2,074 2,395 2,847 3,631 5,887 7,142 7,937 8,979 9,739 10,794
166 117 6 6 5 5 5 5 4 4 5 3
197 292 378 512 655 435 588 671 815 542 661 794
Total Liabilities 1,758 2,086 2,474 2,928 3,523 4,086 6,496 7,834 8,773 9,541 10,422 11,607
649 788 872 843 929 968 954 1,502 1,571 1,694 1,745 1,688
CWIP 192 202 161 199 123 188 338 191 177 120 42 138
Investments 0 0 0 0 0 0 1 163 8 2,386 2,790 3,293
917 1,096 1,441 1,887 2,471 2,929 5,203 5,978 7,017 5,342 5,845 6,489
Total Assets 1,758 2,086 2,474 2,928 3,523 4,086 6,496 7,834 8,773 9,541 10,422 11,607

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
220 476 202 185 701 605 791 368 1,136 1,074 1,135
-12 -100 -359 -319 -761 -1,521 -1,007 1,211 -2,918 1,582 -96
-93 -116 -4 -3 -7 1,238 35 15 -7 -340 -316
Net Cash Flow 115 260 -160 -136 -67 322 -181 1,594 -1,789 2,316 723
Free Cash Flow 33 360 117 50 530 377 270 145 899 962 917
CFO/OP 67% 102% 67% 58% 99% 70% 79% 67% 103% 99% 93%

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 62 95 103 107 90 83 71 89 87 103 101 122
Inventory Days 283 248 271 283 388 250 312 205 421 253 265 257
Days Payable 58 60 136 161 190 82 97 80 128 56 81 99
Cash Conversion Cycle 288 283 239 229 289 251 286 214 381 299 284 280
Working Capital Days 141 155 154 185 191 161 169 168 241 224 249 209
ROCE % 22% 28% 30% 22% 27% 30% 28% 25% 15% 17% 16% 17%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Jun 2025
Total Global Product Registrations
Number

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R&D Personnel
Count
Total Production Capacity (Finished Formulations)
Million Units per annum
US FDA Approvals (Cumulative)
Number (ANDAs)
US FDA Filings (Cumulative)
Number (ANDAs)
Number of Manufacturing Facilities
Number
Cartridge/Pen Fill and Finish Capacity (India)
Million Units
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
57.86% 57.86% 57.86% 57.86% 51.83% 51.83% 51.83% 51.83% 51.83% 51.83% 51.83% 51.83%
2.80% 4.91% 4.05% 3.59% 6.88% 4.48% 5.04% 6.90% 7.39% 7.90% 7.58% 7.29%
23.38% 22.45% 24.17% 25.23% 32.83% 35.37% 34.80% 33.27% 32.86% 32.63% 32.99% 33.36%
15.97% 14.78% 13.93% 13.32% 8.46% 8.33% 8.33% 8.00% 7.93% 7.63% 7.62% 7.52%
No. of Shareholders 1,81,7471,61,6271,36,0211,22,3751,22,6651,22,3581,21,0751,13,7881,10,67197,15194,57891,500

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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