Glaxosmithkline Pharmaceuticals Ltd
GlaxoSmithKline Pharmaceuticals research, manufacture and make available a broad range of medicines and vaccines that benefit people.(Source : Company Web-site)
- Market Cap ₹ 42,153 Cr.
- Current Price ₹ 2,488
- High / Low ₹ 3,516 / 1,921
- Stock P/E 44.5
- Book Value ₹ 101
- Dividend Yield 1.68 %
- ROCE 62.6 %
- ROE 46.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.0%
- Company has been maintaining a healthy dividend payout of 93.8%
Cons
- Stock is trading at 25.3 times its book value
- The company has delivered a poor sales growth of 2.92% over past five years.
* 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.
Peer comparison
Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals
Part of BSE 500 BSE Healthcare BSE 200 BSE Dollex 200 Nifty 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Mar 2015 15m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,546 | 3,288 | 2,826 | 2,903 | 2,872 | 3,129 | 3,225 | 2,920 | 3,218 | 3,216 | 3,407 | 3,723 | 3,691 | |
| 2,024 | 2,660 | 2,349 | 2,482 | 2,361 | 2,522 | 2,566 | 2,323 | 2,462 | 2,417 | 2,507 | 2,553 | 2,485 | |
| Operating Profit | 522 | 627 | 477 | 421 | 511 | 606 | 658 | 598 | 756 | 799 | 901 | 1,171 | 1,206 |
| OPM % | 20% | 19% | 17% | 14% | 18% | 19% | 20% | 20% | 23% | 25% | 26% | 31% | 33% |
| 227 | 147 | 125 | 118 | 69 | 106 | -247 | 8 | 1,402 | 104 | -20 | 146 | 152 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 4 | 2 | 2 | 2 | 1 | 2 |
| Depreciation | 20 | 25 | 25 | 27 | 38 | 49 | 83 | 79 | 68 | 66 | 70 | 67 | 66 |
| Profit before tax | 729 | 749 | 576 | 511 | 542 | 664 | 322 | 524 | 2,087 | 835 | 809 | 1,248 | 1,290 |
| Tax % | 31% | 37% | 35% | 34% | 35% | 36% | 66% | 32% | 19% | 27% | 28% | 26% | |
| 502 | 472 | 375 | 337 | 352 | 425 | 110 | 358 | 1,691 | 608 | 585 | 919 | 948 | |
| EPS in Rs | 29.63 | 27.84 | 22.11 | 19.88 | 20.78 | 25.11 | 6.50 | 21.11 | 99.79 | 35.88 | 34.51 | 54.25 | 55.98 |
| Dividend Payout % | 84% | 112% | 113% | 75% | 84% | 80% | 616% | 142% | 90% | 89% | 93% | 100% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 3% |
| 3 Years: | 5% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 34% |
| 3 Years: | -20% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 12% |
| 3 Years: | 24% |
| 1 Year: | 0% |
| Return on Equity | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 44% |
| 3 Years: | 36% |
| Last Year: | 46% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 85 | 85 | 85 | 85 | 85 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 |
| Reserves | 1,932 | 1,767 | 2,120 | 1,944 | 1,995 | 1,973 | 1,671 | 1,328 | 2,508 | 1,584 | 1,615 | 1,780 | 1,533 |
| 4 | 3 | 2 | 2 | 1 | 1 | 0 | 35 | 20 | 16 | 19 | 10 | 36 | |
| 1,129 | 1,382 | 864 | 991 | 1,884 | 1,766 | 1,291 | 1,565 | 1,925 | 1,559 | 1,745 | 2,142 | 1,897 | |
| Total Liabilities | 3,150 | 3,236 | 3,071 | 3,021 | 3,965 | 3,909 | 3,132 | 3,097 | 4,623 | 3,328 | 3,548 | 4,101 | 3,635 |
| 100 | 123 | 204 | 258 | 325 | 432 | 758 | 387 | 331 | 330 | 321 | 284 | 291 | |
| CWIP | 62 | 115 | 268 | 605 | 923 | 1,003 | 120 | 13 | 30 | 20 | 14 | 14 | 17 |
| Investments | 58 | 48 | 54 | 48 | 48 | 25 | 24 | 24 | 390 | 543 | 838 | 1,143 | 1,338 |
| 2,930 | 2,950 | 2,545 | 2,110 | 2,670 | 2,450 | 2,229 | 2,672 | 3,871 | 2,435 | 2,375 | 2,660 | 1,990 | |
| Total Assets | 3,150 | 3,236 | 3,071 | 3,021 | 3,965 | 3,909 | 3,132 | 3,097 | 4,623 | 3,328 | 3,548 | 4,101 | 3,635 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 267 | 341 | 138 | 232 | 475 | 411 | 491 | 595 | 820 | 488 | 579 | 1,280 | |
| 198 | 178 | 499 | 303 | -107 | -154 | -63 | 408 | -420 | 805 | 15 | -37 | |
| -490 | -497 | -638 | -511 | -307 | -358 | -428 | -696 | -524 | -1,544 | -562 | -769 | |
| Net Cash Flow | -25 | 22 | -1 | 25 | 61 | -102 | 0 | 307 | -124 | -251 | 32 | 474 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 14 | 11 | 16 | 21 | 19 | 14 | 11 | 27 | 23 | 22 | 24 | 29 |
| Inventory Days | 108 | 89 | 155 | 111 | 147 | 131 | 135 | 153 | 144 | 128 | 146 | 124 |
| Days Payable | 88 | 74 | 96 | 72 | 148 | 109 | 99 | 131 | 156 | 122 | 174 | 188 |
| Cash Conversion Cycle | 34 | 26 | 75 | 61 | 18 | 37 | 47 | 49 | 11 | 27 | -4 | -36 |
| Working Capital Days | -46 | -49 | 25 | 6 | -91 | -72 | -35 | -38 | -96 | -59 | -66 | -102 |
| ROCE % | 35% | 41% | 28% | 22% | 26% | 31% | 33% | 37% | 36% | 36% | 51% | 63% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20h - Q2 FY26: sales ₹974 crore (-2.6%), EBITDA 34.4%, CMO fire impacted ~₹40–75 crore; launched oncology Aug 15.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 20h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Nov - Outcome of analyst/institutional investor meetings; audio recording uploaded on Nov 6, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 Nov - Q2 FY26 revenue INR 974 Cr, PAT INR 255 Cr, EBITDA 34.4% (Q2 ended Sept 30, 2025).
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Announcement under Regulation 30 (LODR)-Acquisition
6 Nov - Q2/H1 Sep 30, 2025 results approved; Q2 profit Rs25,749 lakh; Rs1.74 crore investment for 26% in 4.95MWp SPV.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Nov 2025TranscriptNotesPPT
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Aug 2025Transcript PPT
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Oct 2024TranscriptPPT
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Mar 2023TranscriptPPT
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Aug 2022Transcript PPT
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Aug 2021TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
Leading Global Health care company[1] GlaxoSmithKline Pharmaceutical is a part of GlaxoSmithKline plc (GSK), a British multinational pharmaceutical company headquartered in London. GSK underwent a merger in 2000 of Glaxo Wellcome and SmithKline Beecham, and is the world’s sixth-largest pharmaceutical company.