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 ₹ 42,090 Cr.
- Current Price ₹ 2,487
- High / Low ₹ 3,516 / 2,220
- Stock P/E 41.8
- Book Value ₹ 101
- Dividend Yield 1.69 %
- ROCE 63.2 %
- ROE 46.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.4%
- Company has been maintaining a healthy dividend payout of 93.1%
Cons
- Stock is trading at 24.7 times its book value
- The company has delivered a poor sales growth of 3.06% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,563 | 3,305 | 2,838 | 2,908 | 2,871 | 3,128 | 3,224 | 2,926 | 3,278 | 3,252 | 3,454 | 3,749 | 3,801 | |
| 2,034 | 2,672 | 2,360 | 2,489 | 2,363 | 2,527 | 2,567 | 2,327 | 2,516 | 2,447 | 2,545 | 2,570 | 2,509 | |
| Operating Profit | 528 | 633 | 478 | 420 | 508 | 601 | 657 | 598 | 762 | 804 | 909 | 1,179 | 1,291 |
| OPM % | 21% | 19% | 17% | 14% | 18% | 19% | 20% | 20% | 23% | 25% | 26% | 31% | 34% |
| 203 | 149 | 125 | 119 | 70 | 131 | -262 | 9 | 1,401 | 103 | -21 | 149 | 171 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 4 | 2 | 2 | 2 | 1 | 3 |
| Depreciation | 20 | 25 | 25 | 27 | 38 | 49 | 83 | 79 | 68 | 66 | 70 | 67 | 68 |
| Profit before tax | 711 | 756 | 578 | 511 | 540 | 683 | 306 | 525 | 2,093 | 839 | 816 | 1,260 | 1,391 |
| Tax % | 32% | 37% | 35% | 34% | 35% | 35% | 70% | 32% | 19% | 27% | 28% | 26% | |
| 482 | 476 | 376 | 337 | 351 | 445 | 93 | 358 | 1,695 | 611 | 590 | 928 | 1,021 | |
| EPS in Rs | 28.43 | 28.12 | 22.20 | 19.88 | 20.70 | 26.29 | 5.50 | 21.14 | 100.04 | 36.05 | 34.83 | 54.75 | 60.27 |
| Dividend Payout % | 88% | 111% | 113% | 75% | 85% | 76% | 727% | 142% | 90% | 89% | 92% | 99% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 3% |
| 3 Years: | 5% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 43% |
| 3 Years: | -20% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 11% |
| 3 Years: | 24% |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 45% |
| 3 Years: | 36% |
| Last Year: | 47% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 1,905 | 1,744 | 2,099 | 1,922 | 1,973 | 1,970 | 1,651 | 1,309 | 2,494 | 1,572 | 1,608 | 1,782 | 1,538 |
| 4 | 3 | 2 | 2 | 1 | 1 | 0 | 35 | 20 | 16 | 19 | 10 | 36 | |
| 1,136 | 1,384 | 869 | 995 | 1,889 | 1,771 | 1,315 | 1,602 | 1,950 | 1,570 | 1,760 | 2,147 | 1,922 | |
| Total Liabilities | 3,130 | 3,216 | 3,055 | 3,004 | 3,947 | 3,911 | 3,136 | 3,115 | 4,633 | 3,327 | 3,557 | 4,108 | 3,665 |
| 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 | 10 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 366 | 518 | 813 | 1,118 | 1,313 |
| 2,958 | 2,977 | 2,577 | 2,140 | 2,700 | 2,477 | 2,257 | 2,715 | 3,907 | 2,458 | 2,408 | 2,692 | 2,044 | |
| Total Assets | 3,130 | 3,216 | 3,055 | 3,004 | 3,947 | 3,911 | 3,136 | 3,115 | 4,633 | 3,327 | 3,557 | 4,108 | 3,665 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 281 | 338 | 139 | 234 | 473 | 409 | 490 | 578 | 811 | 484 | 582 | 1,290 | |
| 189 | 180 | 499 | 301 | -104 | -153 | -57 | 418 | -406 | 808 | 9 | -46 | |
| -494 | -497 | -638 | -511 | -307 | -358 | -428 | -696 | -524 | -1,543 | -562 | -769 | |
| Net Cash Flow | -24 | 21 | -0 | 24 | 62 | -102 | 6 | 300 | -119 | -251 | 29 | 475 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 23 | 28 |
| Inventory Days | 109 | 91 | 156 | 111 | 147 | 131 | 135 | 159 | 144 | 131 | 144 | 126 |
| Days Payable | 90 | 74 | 97 | 73 | 149 | 109 | 100 | 135 | 156 | 122 | 171 | 186 |
| Cash Conversion Cycle | 33 | 27 | 75 | 60 | 17 | 36 | 46 | 50 | 11 | 31 | -4 | -31 |
| Working Capital Days | -45 | -48 | 26 | 7 | -90 | -72 | -38 | -39 | -94 | -57 | -64 | -99 |
| ROCE % | 34% | 42% | 29% | 22% | 26% | 31% | 33% | 38% | 37% | 36% | 51% | 63% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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Documents
Announcements
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Postal Ballot Notice
7 Mar - Appoint Ronojit Biswas as Whole-time Director & CFO from 1 April 2026 for three years; salary up to Rs16 lakh/month.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
7 Mar - Postal ballot to appoint Ronojit Biswas as Whole‑time Director & CFO (1Apr2026–31Mar2029); salary up to Rs16L/month; Rs20L sign‑on.
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Disclosure Under Regulations 30
7 Mar - Maharashtra GST order (Apr 2022–Mar 2023) demanding Rs.6,92,76,478 (tax+penalty); interest unquantified.
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Announcement under Regulation 30 (LODR)-Change in Management
2 Mar - Ronojit Biswas appointed Whole-Time Director & CFO effective 1 April 2026; Juby Chandy steps down 11 March 2026.
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Board Meeting Outcome for Outcome Of Board Meeting
2 Mar - Ronojit Biswas appointed Whole-Time Director & CFO effective 1 April 2026; Juby Chandy steps down March 11, 2026.
Annual reports
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Financial Year 2025
from bse
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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
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from nse
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT
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Oct 2024TranscriptPPT
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Aug 2024TranscriptPPT
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May 2024TranscriptPPT
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Feb 2024Transcript PPT
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Mar 2023TranscriptPPT
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Aug 2022Transcript PPT
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Aug 2021TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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.