NSE: GRANULES | BSE: 532482

Mid-range Performer

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492.80 15.05 (3.15%)

31.65% Fall from 52W High

2.0M NSE+BSE Volume

NSE 14 May, 2025 3:58 PM (IST)

11,952.6

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Granules India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for GRANULES, BSE:532482 Granules India Ltd.

Granules India Ltd.

05 Jun 2024

492.80

3.15%

GRANULES INDIA

Accumulate: Granules India Ltd.

Target

Geojit BNP Paribas

Granules India Ltd.'s price crossed above 30Day SMA today

Granules India Ltd.

03 Jun 2024

492.80

3.15%

Granules India

Buy: Granules India Ltd.

ICICI Direct

Granules India Ltd. has an average target of 682.00 from 5 brokers.

Granules India Ltd.

17 May 2024

492.80

3.15%

API decline to continue in FY25E

Accumulate: Granules India Ltd.

Recommendation Target

KRChoksey

Granules' Q4FY24 performance fell short of our expectations by 15.2%/10.6%/23.0%/36.2% on Revenue, Gross Profits, EBITDA and Net Income fronts, majorly due to far higher fall in APIs and PFI sales and stronger performance in FDFs than anticipated.
Hence, we cut down our EPS estimates by 16.0% and 8.0%, for FY25E/FY26E, respectively

Granules India Ltd. is trading below its 100 day SMA of 524.2

Granules India Ltd.

23 Mar 2024

492.80

3.15%

Granules India

Buy: Granules India Ltd.

Target

Sharekhan

Granules India Ltd. is trading above its 50 day SMA of 475.0

Granules India Ltd.

22 Mar 2024

492.80

3.15%

Granules India

Buy: Granules India Ltd.

Target

ICICI Direct

Granules India Ltd. is trading above its 50 day SMA of 475.0

Granules India Ltd.

24 Jan 2024

492.80

3.15%

Company evolving into FDF player

Buy: Granules India Ltd.

Target

KRChoksey

Granules India’s revenue has increased at a flat pace of 0.8% Y-o-Y (-2.9% Q-o-Q) to Rs. 11,556 Mn for Q3FY24 (vs. our estimate of Rs. 12,379 Mn, miss by 6.7%) The miss was due to lower than anticipated growth in API sales (19% of revenue, miss by 48%). API sales decline was due to reduction in paracetamol formulation prices, which has followed reduction in the prices of its key starting material (KSM).

Granules India Ltd. is trading below its 100 day SMA of 524.2

Granules India Ltd.

01 Dec 2023

492.80

3.15%

GRANULES INDIA

Accumulate: Granules India Ltd.

Recommendation Target

Geojit BNP Paribas

Granules India Ltd. is trading above its 50 day SMA of 475.0

Granules India Ltd.

22 Nov 2023

492.80

3.15%

Better product mix due to higher Finished Dosage (FD) growth

Buy: Granules India Ltd.

Target

KRChoksey

For Q2FY24, Granules India’s revenue grew by 3.4% YoY and 20.7% QoQ to INR 11,895 Mn, while for H1FY24 revenue grew marginally by 0.2% YoY to INR 21,750 Mn. Volume growth in the quarter was higher than value growth. Active Pharmaceuticals Ingredients (API), Pharmaceutical Formulation Intermediates (PFI), and Finished dosages (FD) contributed 25.4%, 12.2%, and 62.4% of revenue from operations, respectively.