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 ₹ 10,809 Cr.
- Current Price ₹ 1,173
- High / Low ₹ 1,261 / 769
- Stock P/E 60.0
- Book Value ₹ 356
- Dividend Yield 0.43 %
- ROCE 4.88 %
- ROE 2.27 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.8%
- Company has been maintaining a healthy dividend payout of 26.0%
Cons
- Stock is trading at 3.29 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 38.1% of their holding.
- Earnings include an other income of Rs.199 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 929 | 2,162 | 1,382 | 1,470 | 1,537 | 1,692 | 1,858 | 1,979 | 1,854 | 1,866 | 2,139 | 2,180 | 2,264 | |
| 795 | 1,894 | 1,255 | 1,271 | 1,402 | 1,487 | 1,698 | 1,902 | 1,755 | 1,715 | 1,877 | 1,893 | 1,985 | |
| Operating Profit | 134 | 268 | 127 | 199 | 135 | 205 | 159 | 77 | 100 | 151 | 263 | 287 | 279 |
| OPM % | 14% | 12% | 9% | 14% | 9% | 12% | 9% | 3.9% | 5% | 8% | 12% | 13% | 12% |
| 619 | 82 | 154 | 860 | 111 | 93 | 117 | 123 | 68 | 122 | 2,873 | 121 | 199 | |
| Interest | 34 | 103 | 72 | 82 | 54 | 67 | 65 | 74 | 139 | 139 | 146 | 114 | 112 |
| Depreciation | 49 | 103 | 70 | 78 | 83 | 94 | 99 | 104 | 94 | 87 | 85 | 91 | 95 |
| Profit before tax | 669 | 145 | 139 | 899 | 109 | 136 | 112 | 22 | -65 | 46 | 2,905 | 203 | 271 |
| 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 | 243 | |
| 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 | 26.39 |
| 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: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | 0% |
| 3 Years: | 52% |
| TTM: | 192% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 34% |
| 3 Years: | 70% |
| 1 Year: | 44% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 19% |
| 3 Years: | 30% |
| Last Year: | 2% |
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 | 785 | |
| CWIP | 39 | 180 | 158 | 144 | 122 | 112 | 111 | 56 | 55 | 107 | 106 | 181 |
| 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 | 264 | 116 |
| CFO/OP | 191% | 49% | 352% | 42% | 57% | 83% | 73% | -397% | 142% | -45% | 114% | 97% |
Ratios
Standalone / 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% | 5% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cumulative ANDAs Approved count |
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| Growth Markets Revenue USD Million |
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| Number of Commercialized Products in US count |
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| Number of US Products Ranked in Top 3 count |
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| Other Regulated Markets (ORM) Revenue USD Million |
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| US Business Revenue USD Million |
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Extracted by Screener AI
Documents
Announcements
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Closure of Trading Window
- Trading window closed from October 1, 2026 until 48 hours after Q2 FY27 results.
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Strides'' Sustainability Report For FY26
- Strides submits FY26 Sustainability Report aligned with GRI 2021, SASB, UNGC and SDG mappings.
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Completion Of USFDA Inspection At The Company''s Formulations Facility At Alathur
- USFDA completed cGMP inspection at Alathur facility; issued Form 483 with three observations.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Strides receives USFDA EIR for Bengaluru flagship facility after VAI inspection closure.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Strides Pharma held 35th AGM on Aug 14, 2026; shareholders approved dividend and director appointments.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2012
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Annual Report 2012
from nse
Concalls
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Aug 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT REC
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Oct 2024Transcript
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Oct 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Jun 2023Transcript PPT
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Jun 2022Transcript PPT
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Nov 2021Transcript
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Oct 2020Transcript
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Aug 2020Transcript
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Jan 2020Transcript
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Dec 2019Transcript
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Jul 2019Transcript
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Oct 2016Transcript
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Aug 2016Transcript
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Feb 2016Transcript
Business Segments:
a) Pharma Generics:[1]
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.[2]
b) Branded Generics:[3]
The company operates in the branded generics segment in Africa with an In Africa for Africa strategy. It offers a portfolio of branded generics for chronic therapies, including
women’s health, CNS, cardiovascular, and diabetes treatments. Its established brands include Renerve, Unibrol, Combiart, Duotab, Vitafer, etc.
c) Institutional Business:
The company runs an institutional business catering to donor-funded markets, providing affordable treatments worldwide. It develops
and manufactures drugs for anti-retroviral,
anti-malarial, anti-tuberculosis, hepatitis,
and other infectious diseases. These products are distributed to disease-prone regions across Africa, Asia, and Latin America, reaching 100+ countries. [4]