Strides Pharma Science Ltd

Strides Pharma Science Ltd

₹ 963 -2.23%
04 Nov - close price
About

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]

Key Points

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]

  • Market Cap 8,874 Cr.
  • Current Price 963
  • High / Low 1,025 / 513
  • Stock P/E 20.4
  • Book Value 299
  • Dividend Yield 0.42 %
  • 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 3.22 times its book value
  • Promoter holding has decreased over last quarter: -0.44%
  • The company has delivered a poor sales growth of 10.6% over past five years.
  • Promoter holding is low: 27.9%
  • Promoters have pledged or encumbered 44.1% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
897 865 986 930 999 1,006 1,044 1,054 1,167 1,154 1,190 1,120 1,221
844 892 871 796 889 876 874 866 983 943 973 902 990
Operating Profit 53 -27 115 134 111 129 169 188 184 210 218 218 231
OPM % 6% -3% 12% 14% 11% 13% 16% 18% 16% 18% 18% 19% 19%
57 68 20 3 -129 60 -27 3,299 25 4 -12 0 18
Interest 68 58 81 76 79 70 71 73 74 52 50 47 46
Depreciation 62 60 61 60 60 49 48 47 48 48 49 49 50
Profit before tax -20 -78 -7 0 -157 70 23 3,369 86 114 106 122 153
Tax % -197% 5% 106% 3,025% -5% 23% 55% 1% 16% 21% 20% 13% 14%
19 -82 -14 -9 -149 54 10 3,350 72 90 86 106 132
EPS in Rs 2.53 -8.86 -1.06 -0.79 -14.54 5.40 1.98 364.69 7.81 9.54 8.91 10.80 13.84
Raw PDF

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 4,685
1,567 967 2,486 2,228 2,448 1,982 2,338 2,779 3,201 3,544 3,362 3,763 3,808
Operating Profit -226 229 374 527 398 197 414 537 -131 145 528 803 877
OPM % -17% 19% 13% 19% 14% 9% 15% 16% -4% 4% 14% 18% 19%
3,281 874 63 291 643 303 -43 109 -112 92 -100 3,313 11
Interest 109 47 168 183 196 79 156 150 177 261 280 249 196
Depreciation 56 64 131 126 154 117 174 206 233 243 214 192 196
Profit before tax 2,890 992 137 509 690 303 42 289 -653 -268 -65 3,675 495
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 3,598 413
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 43.09
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: 10%
Compounded Profit Growth
10 Years: 15%
5 Years: 124%
3 Years: 157%
TTM: 121%
Stock Price CAGR
10 Years: 5%
5 Years: 25%
3 Years: 84%
1 Year: 33%
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 Sep 2025
Equity Capital 60 60 89 89 90 90 90 90 90 90 92 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 2,664
547 892 3,542 3,700 2,520 3,221 2,235 2,348 3,025 3,030 2,517 1,880 1,844
543 438 1,211 1,598 1,601 1,937 1,369 1,844 1,556 1,352 1,157 1,498 1,921
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 6,521
555 701 2,679 2,980 2,977 3,648 2,099 2,219 2,347 2,311 1,865 1,899 2,139
CWIP 99 171 815 780 620 453 413 447 291 151 162 207 164
Investments 443 630 1,341 1,525 588 702 549 697 540 490 303 409 440
999 972 2,576 2,762 2,400 3,005 3,070 3,605 3,762 3,642 3,470 3,414 3,777
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 6,521

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
30.90% 28.28% 28.08% 27.79% 27.39% 25.88% 25.86% 25.84% 26.82% 28.30% 28.30% 27.86%
18.98% 18.85% 16.72% 17.25% 19.45% 24.57% 26.71% 30.08% 28.48% 28.32% 28.02% 28.51%
18.44% 17.88% 19.60% 19.50% 19.02% 17.66% 18.17% 18.24% 16.92% 13.72% 13.30% 12.98%
0.40% 0.40% 0.40% 0.40% 0.39% 0.39% 0.39% 0.01% 0.01% 0.01% 0.01% 0.01%
31.29% 34.60% 35.22% 35.06% 33.75% 31.52% 28.87% 25.83% 27.78% 29.65% 30.38% 30.62%
No. of Shareholders 1,23,9641,20,9161,12,7751,01,63891,18284,69591,91796,0091,14,23695,12592,88991,206

* 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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