Glaxosmithkline Pharmaceuticals Ltd.
•₹ 2,902.2-3.25%
2026-08-21
PROS
- Company has delivered good profit growth of 28.7% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 59.5%
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.3%
- Operating margins have improved to 31.0% from 25.5%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.09x)
CONS
- Stock is trading at 17.1x its book value
- Recurring exceptional / one-off items are inflating headline profit
- Company has delivered a poor sales growth of 5.4% over past five years
- Growth is decelerating - 3Y profit CAGR (18.7%) trails the 5Y trend (28.7%)
- Expensive relative to growth - PEG of 2.0
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SUNPHARMA | 1901.00 | 37.71 | 456113.58 | 0.84 | 2901.23 | 26.53 | 15299.88 | 10.98 | 19.11 | 28.81 |
| 2. | DIVISLAB | 8587.00 | 77.93 | 227957.87 | 0.35 | 902.00 | 65.50 | 3080.00 | 27.80 | 21.51 | 40.75 |
| 3. | TORNTPHARM | 4994.90 | 87.11 | 189989.94 | 0.76 | 566.00 | 3.28 | 4921.00 | 57.32 | 19.27 | 33.81 |
| 4. | CIPLA | 1437.65 | 34.46 | 116141.01 | 0.90 | 785.55 | -39.18 | 7119.28 | 4.13 | 16.00 | 16.73 |
| 5. | ZYDUSLIFE | 1108.80 | 24.51 | 110603.22 | 0.09 | 990.20 | -34.90 | 8017.00 | 23.97 | 21.39 | 24.54 |
| 6. | LUPIN | 2203.10 | 18.22 | 100733.42 | 0.82 | 1416.98 | 16.01 | 8276.89 | 34.28 | 28.86 | 29.59 |
| 7. | DRREDDY | 1181.35 | 30.60 | 98604.43 | 0.68 | 435.60 | -69.10 | 8099.80 | -5.21 | 13.75 | 10.63 |
| 8. | MANKIND | 2385.00 | 48.22 | 98499.54 | 0.04 | 574.09 | 29.12 | 4030.59 | 12.89 | 13.24 | 26.30 |
| 9. | LAURUSLABS | 1823.00 | 90.09 | 98498.92 | 0.11 | 3620.70 | 2139.42 | 20263.10 | 1191.00 | 18.20 | 31.50 |
| 10. | AUROPHARMA | 1606.40 | 24.90 | 92428.71 | 0.25 | 1032.03 | 25.22 | 9150.35 | 17.44 | 12.76 | 20.54 |
| 11. | BIOCON | 412.10 | 135.59 | 67159.70 | 0.12 | 136.80 | 53.36 | 4336.00 | 10.89 | 3.26 | 19.54 |
| 12. | GLAXO | 2999.95 | 47.58 | 50820.96 | 1.90 | 237.18 | 15.69 | 938.44 | 16.55 | 66.79 | 31.49 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 738 | 953 | 805 | 911 | 811 | 1,000 | 946 | 966 | 805 | 974 | 1,023 | 989 | 924 | |
| 597 | 667 | 587 | 656 | 582 | 681 | 656 | 635 | 554 | 639 | 655 | 642 | 648 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 37 | 28 | 28 | 30 | 36 | 32 | 35 | 39 | 44 | 31 | 32 | 36 | 62 |
| Interest | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 16 | 18 | 17 | 18 | 16 | 17 | 19 | 15 | 16 | 17 | 20 | 13 | 16 |
| 179 | 297 | 65 | 269 | 248 | 339 | 306 | 355 | 279 | 351 | 378 | 369 | 338 | |
| Tax % | 26.93% | 27.31% | 30.13% | 28.15% | 26.90% | 26.58% | 25.39% | 26.70% | 26.52% | 27.28% | 26.65% | 25.51% | 25.05% |
| Net Profit | 131 | 216 | 45 | 193 | 182 | 249 | 229 | 260 | 205 | 255 | 277 | 275 | 253 |
| 8 | 13 | 3 | 11 | 11 | 14 | 13 | 15 | 12 | 15 | 16 | 16 | 1 | |
| Equity Capital | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 738
- 597
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 0
- Depreciation
- 16
- 179
- Tax %
- 26.93%
- Net Profit
- 131
- 8
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 953
- 667
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 0
- Depreciation
- 18
- 297
- Tax %
- 27.31%
- Net Profit
- 216
- 13
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 805
- 587
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 0
- Depreciation
- 17
- 65
- Tax %
- 30.13%
- Net Profit
- 45
- 3
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 911
- 656
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 1
- Depreciation
- 18
- 269
- Tax %
- 28.15%
- Net Profit
- 193
- 11
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 811
- 582
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 0
- Depreciation
- 16
- 248
- Tax %
- 26.90%
- Net Profit
- 182
- 11
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,000
- 681
- Operating Profit
- —
- OPM %
- —
- Other Income
- 32
- Interest
- 0
- Depreciation
- 17
- 339
- Tax %
- 26.58%
- Net Profit
- 249
- 14
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 946
- 656
- Operating Profit
- —
- OPM %
- —
- Other Income
- 35
- Interest
- 0
- Depreciation
- 19
- 306
- Tax %
- 25.39%
- Net Profit
- 229
- 13
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 966
- 635
- Operating Profit
- —
- OPM %
- —
- Other Income
- 39
- Interest
- 1
- Depreciation
- 15
- 355
- Tax %
- 26.70%
- Net Profit
- 260
- 15
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 805
- 554
- Operating Profit
- —
- OPM %
- —
- Other Income
- 44
- Interest
- 0
- Depreciation
- 16
- 279
- Tax %
- 26.52%
- Net Profit
- 205
- 12
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 974
- 639
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 1
- Depreciation
- 17
- 351
- Tax %
- 27.28%
- Net Profit
- 255
- 15
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,023
- 655
- Operating Profit
- —
- OPM %
- —
- Other Income
- 32
- Interest
- 1
- Depreciation
- 20
- 378
- Tax %
- 26.65%
- Net Profit
- 277
- 16
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 989
- 642
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 1
- Depreciation
- 13
- 369
- Tax %
- 25.51%
- Net Profit
- 275
- 16
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 924
- 648
- Operating Profit
- —
- OPM %
- —
- Other Income
- 62
- Interest
- 1
- Depreciation
- 16
- 338
- Tax %
- 25.05%
- Net Profit
- 253
- 1
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,903 | 2,872 | 3,129 | 3,225 | 2,920 | 3,218 | 3,216 | 3,407 | 3,723 | 3,790 | 3,910 | |
| 2,483 | 2,363 | 2,522 | 2,566 | 2,323 | 2,462 | 2,417 | 2,507 | 2,554 | 2,490 | 2,584 | |
| Operating Profit | 492 | 562 | 708 | 736 | 708 | 832 | 901 | 1,024 | 1,312 | 1,443 | — |
| OPM % | 17 | 20 | 23 | 23 | 24 | 26 | 28 | 30 | 35 | 38 | — |
| Other Income | 72 | 54 | 101 | 78 | 110 | 76 | 102 | 123 | 143 | 143 | 160 |
| Interest | 0 | 0 | 1 | 6 | 4 | 2 | 2 | 2 | 1 | 3 | 3 |
| Depreciation | 26 | 38 | 49 | 83 | 79 | 68 | 66 | 70 | 67 | 66 | 67 |
| 511 | 542 | 664 | 322 | 453 | 773 | 832 | 809 | 1,248 | 1,376 | 1,436 | |
| Tax % | 34 | 35 | 36 | 66 | 37 | 51 | 27 | 28 | 26 | 26 | 26 |
| Net Profit | 337 | 352 | 425 | 110 | 287 | 377 | 605 | 585 | 919 | 1,012 | 1,060 |
| EPS | 40 | 21 | 25 | 6 | 21 | 100 | 36 | 35 | 54 | 60 | — |
| Dividend Payout % | 75 | 84 | 80 | 616 | 177 | 405 | 90 | 93 | 100 | 95 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 20 | 21 | 25 | 6 | 17 | 22 | 36 | 35 | 54 | 60 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 20 | 21 | 25 | 6 | 17 | 22 | 36 | 35 | 54 | 60 | — |
Mar 2017
- 2,903
- 2,483
- Operating Profit
- 492
- OPM %
- 17
- Other Income
- 72
- Interest
- 0
- Depreciation
- 26
- 511
- Tax %
- 34
- Net Profit
- 337
- EPS
- 40
- Dividend Payout %
- 75
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2018
- 2,872
- 2,363
- Operating Profit
- 562
- OPM %
- 20
- Other Income
- 54
- Interest
- 0
- Depreciation
- 38
- 542
- Tax %
- 35
- Net Profit
- 352
- EPS
- 21
- Dividend Payout %
- 84
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2019
- 3,129
- 2,522
- Operating Profit
- 708
- OPM %
- 23
- Other Income
- 101
- Interest
- 1
- Depreciation
- 49
- 664
- Tax %
- 36
- Net Profit
- 425
- EPS
- 25
- Dividend Payout %
- 80
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
Mar 2020
- 3,225
- 2,566
- Operating Profit
- 736
- OPM %
- 23
- Other Income
- 78
- Interest
- 6
- Depreciation
- 83
- 322
- Tax %
- 66
- Net Profit
- 110
- EPS
- 6
- Dividend Payout %
- 616
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2021
- 2,920
- 2,323
- Operating Profit
- 708
- OPM %
- 24
- Other Income
- 110
- Interest
- 4
- Depreciation
- 79
- 453
- Tax %
- 37
- Net Profit
- 287
- EPS
- 21
- Dividend Payout %
- 177
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2022
- 3,218
- 2,462
- Operating Profit
- 832
- OPM %
- 26
- Other Income
- 76
- Interest
- 2
- Depreciation
- 68
- 773
- Tax %
- 51
- Net Profit
- 377
- EPS
- 100
- Dividend Payout %
- 405
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
Mar 2023
- 3,216
- 2,417
- Operating Profit
- 901
- OPM %
- 28
- Other Income
- 102
- Interest
- 2
- Depreciation
- 66
- 832
- Tax %
- 27
- Net Profit
- 605
- EPS
- 36
- Dividend Payout %
- 90
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
Mar 2024
- 3,407
- 2,507
- Operating Profit
- 1,024
- OPM %
- 30
- Other Income
- 123
- Interest
- 2
- Depreciation
- 70
- 809
- Tax %
- 28
- Net Profit
- 585
- EPS
- 35
- Dividend Payout %
- 93
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
Mar 2025
- 3,723
- 2,554
- Operating Profit
- 1,312
- OPM %
- 35
- Other Income
- 143
- Interest
- 1
- Depreciation
- 67
- 1,248
- Tax %
- 26
- Net Profit
- 919
- EPS
- 54
- Dividend Payout %
- 100
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 54
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 54
Mar 2026
- 3,790
- 2,490
- Operating Profit
- 1,443
- OPM %
- 38
- Other Income
- 143
- Interest
- 3
- Depreciation
- 66
- 1,376
- Tax %
- 26
- Net Profit
- 1,012
- EPS
- 60
- Dividend Payout %
- 95
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 60
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 60
TTM
- 3,910
- 2,584
- Operating Profit
- —
- OPM %
- —
- Other Income
- 160
- Interest
- 3
- Depreciation
- 67
- 1,436
- Tax %
- 26
- Net Profit
- 1,060
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 3%
- 5 Years:
- 5%
- 3 Years:
- 6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 10%
- 5 Years:
- 29%
- 3 Years:
- 19%
STOCK PRICE CAGR
- 10 Years:
- 7%
- 5 Years:
- 13%
- 3 Years:
- 27%
- 1 Year:
- 4%
RETURN ON EQUITY
- 10 Years:
- 25%
- 5 Years:
- 35%
- 3 Years:
- 43%
- Last Year:
- 48%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 85 | 85 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 |
| 1,944 | 1,995 | 1,973 | 1,671 | 1,328 | 2,508 | 1,585 | 1,624 | 1,795 | 2,087 | |
| Trade Payables | 276 | 503 | 403 | 354 | 448 | 555 | 419 | 613 | 704 | 550 |
| 4,242 | 5,015 | 5,233 | 828 | 1,050 | 1,277 | 1,021 | 996 | 1,292 | 1,335 | |
| Total Liabilities | 6,546 | 7,598 | 7,778 | 3,023 | 2,995 | 4,510 | 3,195 | 3,402 | 3,960 | 4,141 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 253 | 323 | 430 | 757 | 386 | 329 | 329 | 320 | 283 | 280 | |
| Capital Work in Progress | 573 | 923 | 1,003 | 120 | 13 | 31 | 20 | 14 | 14 | 33 |
| 48 | 48 | 25 | 24 | 24 | 390 | 543 | 838 | 1,143 | 1,416 | |
| 425 | 500 | 486 | 483 | 523 | 513 | 438 | 514 | 463 | 430 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 222 | 293 | 273 | |
| Cash & Bank | 882 | 1,280 | 1,155 | 1,066 | 1,158 | 2,479 | 1,151 | 1,061 | 1,401 | 1,355 |
| 4,365 | 4,525 | 4,679 | 572 | 891 | 768 | 714 | 432 | 364 | 354 | |
| Total Assets | 6,546 | 7,598 | 7,778 | 3,023 | 2,995 | 4,510 | 3,195 | 3,402 | 3,960 | 4,141 |
| Total Debt | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 931 | 562 | 537 | 755 | 672 | 1,996 | 1,150 | 1,255 | 1,483 | 1,786 |
| Contingent Liabilities | 678 | 483 | 264 | 471 | 486 | 351 | 351 | 384 | 453 | 513 |
| Book Value per Share | 239.45 | 245.56 | 126.47 | 108.62 | 88.37 | 158.06 | 103.58 | 105.85 | 115.94 | 133.22 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 931 | 562 | 537 | 755 | 672 | 1,996 | 1,150 | 1,255 | 1,483 | 1,786 |
| Contingent Liabilities | 678 | 483 | 264 | 471 | 486 | 351 | 351 | 384 | 453 | 513 |
| Book Value per Share | 239.45 | 245.56 | 126.47 | 108.62 | 88.37 | 158.06 | 103.58 | 105.85 | 115.94 | 133.22 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 85
- 1,944
- Trade Payables
- 276
- 4,242
- Total Liabilities
- 6,546
- 253
- Capital Work in Progress
- 573
- 48
- 425
- 0
- Cash & Bank
- 882
- 4,365
- Total Assets
- 6,546
- Total Debt
- 2
- Net Working Capital
- 931
- Contingent Liabilities
- 678
- Book Value per Share
- 239.45
- Face Value
- 10.00
- Total Debt
- 2
- Net Working Capital
- 931
- Contingent Liabilities
- 678
- Book Value per Share
- 239.45
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 85
- 1,995
- Trade Payables
- 503
- 5,015
- Total Liabilities
- 7,598
- 323
- Capital Work in Progress
- 923
- 48
- 500
- 0
- Cash & Bank
- 1,280
- 4,525
- Total Assets
- 7,598
- Total Debt
- 1
- Net Working Capital
- 562
- Contingent Liabilities
- 483
- Book Value per Share
- 245.56
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 562
- Contingent Liabilities
- 483
- Book Value per Share
- 245.56
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 169
- 1,973
- Trade Payables
- 403
- 5,233
- Total Liabilities
- 7,778
- 430
- Capital Work in Progress
- 1,003
- 25
- 486
- 0
- Cash & Bank
- 1,155
- 4,679
- Total Assets
- 7,778
- Total Debt
- 1
- Net Working Capital
- 537
- Contingent Liabilities
- 264
- Book Value per Share
- 126.47
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 537
- Contingent Liabilities
- 264
- Book Value per Share
- 126.47
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 169
- 1,671
- Trade Payables
- 354
- 828
- Total Liabilities
- 3,023
- 757
- Capital Work in Progress
- 120
- 24
- 483
- 0
- Cash & Bank
- 1,066
- 572
- Total Assets
- 3,023
- Total Debt
- 0
- Net Working Capital
- 755
- Contingent Liabilities
- 471
- Book Value per Share
- 108.62
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 755
- Contingent Liabilities
- 471
- Book Value per Share
- 108.62
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 169
- 1,328
- Trade Payables
- 448
- 1,050
- Total Liabilities
- 2,995
- 386
- Capital Work in Progress
- 13
- 24
- 523
- 0
- Cash & Bank
- 1,158
- 891
- Total Assets
- 2,995
- Total Debt
- 0
- Net Working Capital
- 672
- Contingent Liabilities
- 486
- Book Value per Share
- 88.37
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 672
- Contingent Liabilities
- 486
- Book Value per Share
- 88.37
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 169
- 2,508
- Trade Payables
- 555
- 1,277
- Total Liabilities
- 4,510
- 329
- Capital Work in Progress
- 31
- 390
- 513
- 0
- Cash & Bank
- 2,479
- 768
- Total Assets
- 4,510
- Total Debt
- 0
- Net Working Capital
- 1,996
- Contingent Liabilities
- 351
- Book Value per Share
- 158.06
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,996
- Contingent Liabilities
- 351
- Book Value per Share
- 158.06
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 169
- 1,585
- Trade Payables
- 419
- 1,021
- Total Liabilities
- 3,195
- 329
- Capital Work in Progress
- 20
- 543
- 438
- 0
- Cash & Bank
- 1,151
- 714
- Total Assets
- 3,195
- Total Debt
- 0
- Net Working Capital
- 1,150
- Contingent Liabilities
- 351
- Book Value per Share
- 103.58
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,150
- Contingent Liabilities
- 351
- Book Value per Share
- 103.58
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 169
- 1,624
- Trade Payables
- 613
- 996
- Total Liabilities
- 3,402
- 320
- Capital Work in Progress
- 14
- 838
- 514
- 222
- Cash & Bank
- 1,061
- 432
- Total Assets
- 3,402
- Total Debt
- 0
- Net Working Capital
- 1,255
- Contingent Liabilities
- 384
- Book Value per Share
- 105.85
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,255
- Contingent Liabilities
- 384
- Book Value per Share
- 105.85
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 169
- 1,795
- Trade Payables
- 704
- 1,292
- Total Liabilities
- 3,960
- 283
- Capital Work in Progress
- 14
- 1,143
- 463
- 293
- Cash & Bank
- 1,401
- 364
- Total Assets
- 3,960
- Total Debt
- 0
- Net Working Capital
- 1,483
- Contingent Liabilities
- 453
- Book Value per Share
- 115.94
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,483
- Contingent Liabilities
- 453
- Book Value per Share
- 115.94
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 169
- 2,087
- Trade Payables
- 550
- 1,335
- Total Liabilities
- 4,141
- 280
- Capital Work in Progress
- 33
- 1,416
- 430
- 273
- Cash & Bank
- 1,355
- 354
- Total Assets
- 4,141
- Total Debt
- 0
- Net Working Capital
- 1,786
- Contingent Liabilities
- 513
- Book Value per Share
- 133.22
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,786
- Contingent Liabilities
- 513
- Book Value per Share
- 133.22
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 232 | 475 | 411 | 491 | 595 | 820 | 488 | 579 | 1,280 | 881 | |
| Cash from Investing | 303 | -107 | -154 | -63 | 408 | -420 | 805 | 15 | -37 | 385 |
| Cash from Financing | -511 | -307 | -358 | -428 | -696 | -524 | -1,544 | -561 | -769 | -737 |
| 25 | 61 | -102 | 0 | 307 | -124 | -251 | 32 | 474 | 530 | |
| Free Cash Flow | -144 | 18 | 178 | 480 | 595 | 812 | 456 | 556 | 1,276 | 813 |
| OCF / Net Profit | 0.69 | 1.35 | 0.97 | 4.46 | 2.07 | 2.18 | 0.81 | 0.99 | 1.39 | 0.87 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,128 | 2,083 | 2,521 | 2,898 | 3,694 | 3,913 |
| OCF / Net Profit | 0.69 | 1.35 | 0.97 | 4.46 | 2.07 | 2.18 | 0.81 | 0.99 | 1.39 | 0.87 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,128 | 2,083 | 2,521 | 2,898 | 3,694 | 3,913 |
Mar 2017
- 232
- Cash from Investing
- 303
- Cash from Financing
- -511
- 25
- Free Cash Flow
- -144
- OCF / Net Profit
- 0.69
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.69
- Cumulative 5-Year FCF
- 0
Mar 2018
- 475
- Cash from Investing
- -107
- Cash from Financing
- -307
- 61
- Free Cash Flow
- 18
- OCF / Net Profit
- 1.35
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.35
- Cumulative 5-Year FCF
- 0
Mar 2019
- 411
- Cash from Investing
- -154
- Cash from Financing
- -358
- -102
- Free Cash Flow
- 178
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
Mar 2020
- 491
- Cash from Investing
- -63
- Cash from Financing
- -428
- 0
- Free Cash Flow
- 480
- OCF / Net Profit
- 4.46
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.46
- Cumulative 5-Year FCF
- 0
Mar 2021
- 595
- Cash from Investing
- 408
- Cash from Financing
- -696
- 307
- Free Cash Flow
- 595
- OCF / Net Profit
- 2.07
- Cumulative 5-Year FCF
- 1,128
- OCF / Net Profit
- 2.07
- Cumulative 5-Year FCF
- 1,128
Mar 2022
- 820
- Cash from Investing
- -420
- Cash from Financing
- -524
- -124
- Free Cash Flow
- 812
- OCF / Net Profit
- 2.18
- Cumulative 5-Year FCF
- 2,083
- OCF / Net Profit
- 2.18
- Cumulative 5-Year FCF
- 2,083
Mar 2023
- 488
- Cash from Investing
- 805
- Cash from Financing
- -1,544
- -251
- Free Cash Flow
- 456
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 2,521
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 2,521
Mar 2024
- 579
- Cash from Investing
- 15
- Cash from Financing
- -561
- 32
- Free Cash Flow
- 556
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 2,898
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 2,898
Mar 2025
- 1,280
- Cash from Investing
- -37
- Cash from Financing
- -769
- 474
- Free Cash Flow
- 1,276
- OCF / Net Profit
- 1.39
- Cumulative 5-Year FCF
- 3,694
- OCF / Net Profit
- 1.39
- Cumulative 5-Year FCF
- 3,694
Mar 2026
- 881
- Cash from Investing
- 385
- Cash from Financing
- -737
- 530
- Free Cash Flow
- 813
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 3,913
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 3,913
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 39.76 | 41.56 | 25.11 | 6.50 | 16.92 | 22.23 | 35.70 | 34.51 | 54.25 | 59.73 |
| Book Value (₹) | 239.45 | 245.56 | 126.47 | 108.62 | 88.37 | 158.06 | 103.58 | 105.85 | 115.94 | 133.22 |
| Dividend per Share (₹) | 30.00 | 35.00 | 20.00 | 40.00 | 30.00 | 90.00 | 32.00 | 32.00 | 54.00 | 57.00 |
| Cash EPS (₹) | 21.44 | 23.02 | 27.98 | 11.38 | 21.56 | 26.25 | 39.58 | 38.63 | 58.19 | 63.65 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 16.43% | 18.61% | 22.63% | 21.89% | 22.69% | 23.55% | 25.50% | 24.09% | 28.54% | 31.02% |
| Net Margin % | 11.25% | 11.66% | 13.60% | 3.27% | 9.19% | 10.66% | 17.12% | 15.64% | 22.43% | 24.14% |
| ROE % | 15.91% | 17.14% | 20.15% | 5.53% | 17.18% | 18.04% | 27.29% | 32.96% | 48.92% | 47.94% |
| ROCE % | 24.14% | 26.36% | 31.45% | 16.51% | 27.37% | 37.15% | 37.66% | 45.85% | 66.95% | 65.81% |
| 7.08% | 4.98% | 5.53% | 2.04% | 9.53% | 10.04% | 15.70% | 17.73% | 24.97% | 24.98% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 18 | 19 | 16 | 12 | 18 | 22 | 21 | 20 | 23 | 25 |
| Inventory Days | 58 | 56 | 58 | 53 | 59 | 54 | 49 | 46 | 44 | 39 |
| Payable Days | 78 | 115 | 122 | 106 | 117 | 141 | 142 | 146 | 176 | 173 |
| -3 | -39 | -49 | -41 | -40 | -66 | -73 | -79 | -109 | -109 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 2045.32x | 2865.01x | 1198.38x | 51.90x | 129.34x | 389.70x | 460.68x | 450.79x | 950.96x | 505.80x |
| 2.06x | 1.19x | 1.19x | 1.75x | 1.51x | 2.19x | 1.87x | 1.83x | 1.78x | 2.02x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 2.72% | -1.08% | 8.94% | 3.07% | -9.43% | 10.17% | -0.04% | 5.94% | 9.28% | 1.79% |
| Operating Profit Growth % | -17.87% | 14.23% | 25.98% | 3.96% | -3.81% | 17.53% | 8.28% | 13.67% | 28.09% | 9.98% |
| Net Profit Growth % | -10.08% | 4.52% | 20.85% | -74.13% | 160.50% | 31.35% | 60.58% | -3.31% | 57.19% | 10.09% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -3.31% | 57.19% | 10.09% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 56.30x | 53.04x | 38.23x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 18.36x | 24.82x | 17.14x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.65% | 1.88% | 2.50% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 31.11x | 36.09x | 25.87x |
Mar 2017
- EPS (₹)
- 39.76
- Book Value (₹)
- 239.45
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 21.44
- Operating Margin %
- 16.43%
- Net Margin %
- 11.25%
- ROE %
- 15.91%
- ROCE %
- 24.14%
- 7.08%
- Debtor Days
- 18
- Inventory Days
- 58
- Payable Days
- 78
- -3
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 2045.32x
- 2.06x
- Revenue Growth %
- 2.72%
- Operating Profit Growth %
- -17.87%
- Net Profit Growth %
- -10.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 41.56
- Book Value (₹)
- 245.56
- Dividend per Share (₹)
- 35.00
- Cash EPS (₹)
- 23.02
- Operating Margin %
- 18.61%
- Net Margin %
- 11.66%
- ROE %
- 17.14%
- ROCE %
- 26.36%
- 4.98%
- Debtor Days
- 19
- Inventory Days
- 56
- Payable Days
- 115
- -39
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 2865.01x
- 1.19x
- Revenue Growth %
- -1.08%
- Operating Profit Growth %
- 14.23%
- Net Profit Growth %
- 4.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 25.11
- Book Value (₹)
- 126.47
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 27.98
- Operating Margin %
- 22.63%
- Net Margin %
- 13.60%
- ROE %
- 20.15%
- ROCE %
- 31.45%
- 5.53%
- Debtor Days
- 16
- Inventory Days
- 58
- Payable Days
- 122
- -49
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 1198.38x
- 1.19x
- Revenue Growth %
- 8.94%
- Operating Profit Growth %
- 25.98%
- Net Profit Growth %
- 20.85%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 6.50
- Book Value (₹)
- 108.62
- Dividend per Share (₹)
- 40.00
- Cash EPS (₹)
- 11.38
- Operating Margin %
- 21.89%
- Net Margin %
- 3.27%
- ROE %
- 5.53%
- ROCE %
- 16.51%
- 2.04%
- Debtor Days
- 12
- Inventory Days
- 53
- Payable Days
- 106
- -41
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 51.90x
- 1.75x
- Revenue Growth %
- 3.07%
- Operating Profit Growth %
- 3.96%
- Net Profit Growth %
- -74.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 16.92
- Book Value (₹)
- 88.37
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 21.56
- Operating Margin %
- 22.69%
- Net Margin %
- 9.19%
- ROE %
- 17.18%
- ROCE %
- 27.37%
- 9.53%
- Debtor Days
- 18
- Inventory Days
- 59
- Payable Days
- 117
- -40
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 129.34x
- 1.51x
- Revenue Growth %
- -9.43%
- Operating Profit Growth %
- -3.81%
- Net Profit Growth %
- 160.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 22.23
- Book Value (₹)
- 158.06
- Dividend per Share (₹)
- 90.00
- Cash EPS (₹)
- 26.25
- Operating Margin %
- 23.55%
- Net Margin %
- 10.66%
- ROE %
- 18.04%
- ROCE %
- 37.15%
- 10.04%
- Debtor Days
- 22
- Inventory Days
- 54
- Payable Days
- 141
- -66
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 389.70x
- 2.19x
- Revenue Growth %
- 10.17%
- Operating Profit Growth %
- 17.53%
- Net Profit Growth %
- 31.35%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 35.70
- Book Value (₹)
- 103.58
- Dividend per Share (₹)
- 32.00
- Cash EPS (₹)
- 39.58
- Operating Margin %
- 25.50%
- Net Margin %
- 17.12%
- ROE %
- 27.29%
- ROCE %
- 37.66%
- 15.70%
- Debtor Days
- 21
- Inventory Days
- 49
- Payable Days
- 142
- -73
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 460.68x
- 1.87x
- Revenue Growth %
- -0.04%
- Operating Profit Growth %
- 8.28%
- Net Profit Growth %
- 60.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 34.51
- Book Value (₹)
- 105.85
- Dividend per Share (₹)
- 32.00
- Cash EPS (₹)
- 38.63
- Operating Margin %
- 24.09%
- Net Margin %
- 15.64%
- ROE %
- 32.96%
- ROCE %
- 45.85%
- 17.73%
- Debtor Days
- 20
- Inventory Days
- 46
- Payable Days
- 146
- -79
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 450.79x
- 1.83x
- Revenue Growth %
- 5.94%
- Operating Profit Growth %
- 13.67%
- Net Profit Growth %
- -3.31%
- -3.31%
- P/E (x)
- 56.30x
- P/B (x)
- 18.36x
- Dividend Yield %
- 1.65%
- 31.11x
Mar 2025
- EPS (₹)
- 54.25
- Book Value (₹)
- 115.94
- Dividend per Share (₹)
- 54.00
- Cash EPS (₹)
- 58.19
- Operating Margin %
- 28.54%
- Net Margin %
- 22.43%
- ROE %
- 48.92%
- ROCE %
- 66.95%
- 24.97%
- Debtor Days
- 23
- Inventory Days
- 44
- Payable Days
- 176
- -109
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 950.96x
- 1.78x
- Revenue Growth %
- 9.28%
- Operating Profit Growth %
- 28.09%
- Net Profit Growth %
- 57.19%
- 57.19%
- P/E (x)
- 53.04x
- P/B (x)
- 24.82x
- Dividend Yield %
- 1.88%
- 36.09x
Mar 2026
- EPS (₹)
- 59.73
- Book Value (₹)
- 133.22
- Dividend per Share (₹)
- 57.00
- Cash EPS (₹)
- 63.65
- Operating Margin %
- 31.02%
- Net Margin %
- 24.14%
- ROE %
- 47.94%
- ROCE %
- 65.81%
- 24.98%
- Debtor Days
- 25
- Inventory Days
- 39
- Payable Days
- 173
- -109
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 505.80x
- 2.02x
- Revenue Growth %
- 1.79%
- Operating Profit Growth %
- 9.98%
- Net Profit Growth %
- 10.09%
- 10.09%
- P/E (x)
- 38.23x
- P/B (x)
- 17.14x
- Dividend Yield %
- 2.50%
- 25.87x
Documents
Announcements
- General Updates
2026-08-19 - GlaxoSmithKline Pharmaceuticals Limited has informed the Exchange about General Updates
- Copy of Newspaper Publication
2026-08-14 - GlaxoSmithKline Pharmaceuticals Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
Jun 2026
Feb 2026

