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 ₹ 8,213 Cr.
- Current Price ₹ 891
- High / Low ₹ 972 / 513
- Stock P/E 21.9
- Book Value ₹ 277
- Dividend Yield 0.45 %
- ROCE 14.7 %
- ROE 151 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 124% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 50.4%
Cons
- Stock is trading at 3.23 times its book value
- The company has delivered a poor sales growth of 10.6% over past five years.
- Promoter holding is low: 28.3%
- Promoters have pledged or encumbered 50.1% of their holding.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 15m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,341 | 1,196 | 2,861 | 2,755 | 2,845 | 2,178 | 2,752 | 3,316 | 3,070 | 3,688 | 3,890 | 4,565 | 4,631 | |
1,567 | 967 | 2,486 | 2,228 | 2,448 | 1,982 | 2,338 | 2,779 | 3,201 | 3,544 | 3,362 | 3,763 | 3,801 | |
Operating Profit | -226 | 229 | 374 | 527 | 398 | 197 | 414 | 537 | -131 | 145 | 528 | 803 | 830 |
OPM % | -17% | 19% | 13% | 19% | 14% | 9% | 15% | 16% | -4% | 4% | 14% | 18% | 18% |
3,281 | 874 | 63 | 291 | 643 | 303 | -43 | 109 | -112 | 92 | -100 | 3,313 | 17 | |
Interest | 109 | 47 | 168 | 183 | 196 | 79 | 156 | 150 | 177 | 261 | 280 | 249 | 224 |
Depreciation | 56 | 64 | 131 | 126 | 154 | 117 | 174 | 206 | 233 | 243 | 214 | 192 | 195 |
Profit before tax | 2,890 | 992 | 137 | 509 | 690 | 303 | 42 | 289 | -653 | -268 | -65 | 3,675 | 428 |
Tax % | 39% | 15% | 31% | 12% | 1% | -9% | 27% | 11% | -27% | -21% | 45% | 2% | |
1,767 | 844 | 95 | 446 | 684 | 330 | 31 | 258 | -474 | -212 | -94 | 3,598 | 354 | |
EPS in Rs | 296.43 | 141.78 | 12.15 | 44.71 | 74.25 | 36.27 | 4.06 | 29.93 | -51.25 | -22.44 | -7.68 | 389.75 | 37.06 |
Dividend Payout % | 170% | 76% | 41% | 10% | 3% | 8% | 345% | 8% | 0% | -7% | -33% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 11% |
3 Years: | 14% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 124% |
3 Years: | 157% |
TTM: | 206% |
Stock Price CAGR | |
---|---|
10 Years: | 6% |
5 Years: | 26% |
3 Years: | 79% |
1 Year: | 40% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 28% |
3 Years: | 50% |
Last Year: | 151% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 60 | 60 | 89 | 89 | 90 | 90 | 90 | 90 | 90 | 90 | 92 | 92 |
Reserves | 947 | 1,085 | 2,569 | 2,659 | 2,374 | 2,559 | 2,438 | 2,687 | 2,269 | 2,122 | 2,034 | 2,460 |
547 | 892 | 3,542 | 3,700 | 2,520 | 3,221 | 2,235 | 2,348 | 3,025 | 3,030 | 2,517 | 1,880 | |
543 | 438 | 1,211 | 1,598 | 1,601 | 1,937 | 1,369 | 1,844 | 1,556 | 1,352 | 1,157 | 1,498 | |
Total Liabilities | 2,096 | 2,475 | 7,410 | 8,046 | 6,585 | 7,807 | 6,131 | 6,969 | 6,940 | 6,594 | 5,799 | 5,929 |
555 | 701 | 2,679 | 2,980 | 2,977 | 3,648 | 2,099 | 2,219 | 2,347 | 2,311 | 1,865 | 1,899 | |
CWIP | 99 | 171 | 815 | 780 | 620 | 453 | 413 | 447 | 291 | 151 | 162 | 207 |
Investments | 443 | 630 | 1,341 | 1,525 | 588 | 702 | 549 | 697 | 540 | 490 | 303 | 409 |
999 | 972 | 2,576 | 2,762 | 2,400 | 3,005 | 3,070 | 3,605 | 3,762 | 3,642 | 3,470 | 3,414 | |
Total Assets | 2,096 | 2,475 | 7,410 | 8,046 | 6,585 | 7,807 | 6,131 | 6,969 | 6,940 | 6,594 | 5,799 | 5,929 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-272 | 83 | 73 | 288 | 187 | 60 | 205 | 481 | -258 | 44 | 701 | 684 | |
4,044 | 50 | -2,205 | -1,222 | 570 | -145 | 1,321 | -522 | -119 | 302 | -150 | -90 | |
-3,319 | -421 | 2,944 | 338 | -1,016 | 194 | -1,709 | -16 | 421 | -214 | -693 | -643 | |
Net Cash Flow | 454 | -288 | 812 | -596 | -259 | 110 | -184 | -56 | 45 | 133 | -142 | -48 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 99 | 119 | 132 | 132 | 113 | 165 | 124 | 122 | 144 | 129 | 107 | 96 |
Inventory Days | 90 | 135 | 149 | 209 | 146 | 294 | 254 | 329 | 285 | 257 | 235 | 236 |
Days Payable | 137 | 153 | 188 | 221 | 188 | 299 | 259 | 323 | 260 | 220 | 178 | 190 |
Cash Conversion Cycle | 52 | 102 | 92 | 120 | 71 | 160 | 119 | 128 | 168 | 165 | 164 | 141 |
Working Capital Days | -8 | -91 | 6 | -122 | -4 | -70 | -70 | -22 | -28 | -11 | -19 | 24 |
ROCE % | 113% | 57% | 8% | 11% | 16% | 2% | 5% | 8% | -5% | -0% | 7% | 15% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 26 Aug
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Deregistration Of A Non-Operating Step-Down Subsidiary Of The Company In South Africa
25 Aug - Apollo Life Sciences (Pty) deregistered Aug 22, 2025; FY25 revenue Rs0.22mn, networth -Rs0.02mn.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 8 Aug
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Aug - Strides reports Q1FY26 revenue ₹11,197m, 6.2% growth, EBITDA margin 19.5%, PAT up 80.6%, US revenue $71m, debt reduced.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
7 Aug - Strides Pharma held 34th AGM; approved FY25 financials, dividend, director re-appointment, and auditor appointments.
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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Aug 2025Transcript PPT REC
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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]