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 ₹ 9,354 Cr.
- Current Price ₹ 1,015
- High / Low ₹ 1,261 / 769
- Stock P/E 16.2
- Book Value ₹ 337
- Dividend Yield 0.49 %
- ROCE 18.3 %
- ROE 20.0 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 20.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 57.0%
Cons
- Stock is trading at 3.01 times its book value
- The company has delivered a poor sales growth of 7.94% over past five years.
- Promoter holding is low: 29.0%
- Promoters have pledged 33.8% 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,196 | 2,861 | 2,755 | 2,845 | 2,178 | 2,752 | 3,316 | 3,070 | 3,688 | 3,890 | 4,565 | 4,859 | 5,004 | |
| 967 | 2,486 | 2,228 | 2,448 | 1,982 | 2,338 | 2,779 | 3,201 | 3,544 | 3,362 | 3,763 | 3,933 | 4,070 | |
| Operating Profit | 229 | 374 | 527 | 398 | 197 | 414 | 537 | -131 | 145 | 528 | 803 | 925 | 935 |
| OPM % | 19% | 13% | 19% | 14% | 9% | 15% | 16% | -4.3% | 3.9% | 14% | 18% | 19% | 19% |
| 874 | 63 | 291 | 643 | 303 | -43 | 109 | -112 | 92 | -100 | 3,313 | 124 | 193 | |
| Interest | 47 | 168 | 183 | 196 | 79 | 156 | 150 | 177 | 261 | 280 | 249 | 179 | 172 |
| Depreciation | 64 | 131 | 126 | 154 | 117 | 174 | 206 | 233 | 243 | 214 | 192 | 202 | 210 |
| Profit before tax | 992 | 137 | 509 | 690 | 303 | 42 | 289 | -653 | -268 | -65 | 3,675 | 669 | 746 |
| Tax % | 15% | 31% | 12% | 1% | -9% | 27% | 11% | -27% | -21% | 45% | 2% | 14% | |
| 844 | 95 | 446 | 684 | 330 | 31 | 258 | -474 | -212 | -94 | 3,598 | 575 | 634 | |
| EPS in Rs | 141.78 | 12.15 | 44.71 | 74.25 | 36.27 | 4.06 | 29.93 | -51.25 | -22.44 | -7.68 | 389.75 | 60.34 | 66.56 |
| Dividend Payout % | 76% | 41% | 10% | 3% | 8% | 345% | 8% | 0% | -7% | -33% | 1% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 8% |
| 3 Years: | 10% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 20% |
| 3 Years: | 71% |
| TTM: | 55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 32% |
| 3 Years: | 65% |
| 1 Year: | 25% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 31% |
| 3 Years: | 57% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 1,085 | 2,569 | 2,659 | 2,374 | 2,559 | 2,438 | 2,687 | 2,269 | 2,122 | 2,034 | 2,460 | 3,015 |
| 892 | 3,542 | 3,700 | 2,520 | 3,221 | 2,235 | 2,348 | 3,025 | 3,030 | 2,517 | 1,880 | 1,758 | |
| 438 | 1,211 | 1,598 | 1,601 | 1,937 | 1,369 | 1,844 | 1,556 | 1,352 | 1,157 | 1,498 | 1,941 | |
| Total Liabilities | 2,475 | 7,410 | 8,046 | 6,585 | 7,807 | 6,131 | 6,969 | 6,940 | 6,594 | 5,799 | 5,929 | 6,807 |
| 701 | 2,679 | 2,980 | 2,977 | 3,648 | 2,099 | 2,219 | 2,347 | 2,311 | 1,865 | 1,899 | 2,101 | |
| CWIP | 171 | 815 | 780 | 620 | 453 | 413 | 447 | 291 | 151 | 162 | 207 | 447 |
| Investments | 630 | 1,341 | 1,525 | 588 | 702 | 549 | 697 | 540 | 490 | 303 | 409 | 291 |
| 972 | 2,576 | 2,762 | 2,400 | 3,005 | 3,070 | 3,605 | 3,762 | 3,642 | 3,470 | 3,414 | 3,967 | |
| Total Assets | 2,475 | 7,410 | 8,046 | 6,585 | 7,807 | 6,131 | 6,969 | 6,940 | 6,594 | 5,799 | 5,929 | 6,807 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 83 | 73 | 288 | 187 | 60 | 205 | 481 | -258 | 44 | 701 | 684 | 703 | |
| 50 | -2,205 | -1,222 | 570 | -145 | 1,321 | -522 | -119 | 302 | -150 | -90 | -173 | |
| -421 | 2,944 | 338 | -1,016 | 194 | -1,709 | -16 | 421 | -214 | -693 | -643 | -453 | |
| Net Cash Flow | -288 | 812 | -596 | -259 | 110 | -184 | -56 | 45 | 133 | -142 | -48 | 76 |
| Free Cash Flow | -157 | -293 | -386 | -212 | -256 | 58 | 188 | -326 | -43 | 672 | 505 | 291 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 61% | 40% | 66% | 61% | 59% | 60% | 60% | 199% | -30% | 128% | 77% | 84% |
Ratios
Consolidated / View Standalone
| 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 | 119 | 132 | 132 | 113 | 165 | 124 | 122 | 144 | 129 | 107 | 96 | 97 |
| Inventory Days | 135 | 149 | 209 | 146 | 294 | 254 | 329 | 285 | 257 | 235 | 236 | 305 |
| Days Payable | 153 | 188 | 221 | 188 | 299 | 259 | 323 | 260 | 220 | 178 | 190 | 244 |
| Cash Conversion Cycle | 102 | 92 | 120 | 71 | 160 | 119 | 128 | 168 | 165 | 164 | 141 | 157 |
| Working Capital Days | -91 | 6 | -122 | -4 | -70 | -70 | -22 | -28 | -11 | -19 | 24 | 38 |
| ROCE % | 57% | 8% | 11% | 16% | 2% | 5% | 8% | -5% | -0% | 7% | 15% | 18% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| US Business Revenue USD Million |
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| Growth Markets Revenue USD Million |
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| Other Regulated Markets (ORM) Revenue USD Million |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Strides Pharma schedules earnings call on October 30, 2026 for Q2FY27 results discussion.
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Board Meeting Intimation for Intimation Regarding Board Meeting Under Regulation 29 Of SEBI (LODR) Regulations, 2015
- Board meets October 29, 2026 to approve Q2 and H1 FY2026-27 unaudited results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate As per Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026
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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.
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
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Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT REC
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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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Oct 2020Transcript
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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]