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HomeSHARE MARKETCompany Setting Up A Pilot Project For DCDA; Brokerage Is Bullish On...

Company Setting Up A Pilot Project For DCDA; Brokerage Is Bullish On This Share

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Granules India Ltd (NSE: GRANULES) Share Price: Yesterday was a stock market selling day, and Sensex-Nifty closed in the red. In addition, there is an overall decline in shares on the market.

However, in the meantime, many stocks have gained momentum, and brokerage houses remain bullish on many stocks. Many experts are considering the recent decline in the market as temporary. 

Meanwhile, brokerage house is expecting a rise in the shares of Granules India. Brokerage house remains bullish on this stock.

Stock Movement

Granules India’s inventory has been increasing for a long time. The share closed at Rs 434 on March 26, 2024, with a rise of Rs 3.25 (0.75%). Today this share open at Rs 436.

Additionally, although the stock has experienced gains of 4 percent over the past five days, it has experienced a drop by more than 7% over the past month.

huge rise within a year

There has been a rise in the stock in the last 6 months and it has given a return of 24%. Along with this, the stock has seen a huge rise within a year. 

The stock has earned a 53% return for its investors in just one year. Additionally, the 52-week high price of the shares on NSE is 480.45 as well as its 52-week low on NSE is 267.75.

What is the target?

Brokerage is a bullish share of Granules India and has given a BUY rating to the stock. The brokerage firm says discussions with the CFO have revealed how the business is focused on products with value added to boost the EBITDA Margin to 22 percent.

Granules has shifted its focus from being an API business to becoming a company that formulates formulations and is planning to increase the contribution of its formulations from 65% to 70 percent over the next two years.

Granules is also working on the pilot project to test DCDA which is scheduled to finish by the end of 4QFY24E and PAP for Vizag. Vizag facility, which is expected to finish by the end of FY25E as part of the project CZERO.

Along with this, the brokerage house has given a target of Rs 500 and is advised to buy the share.

About Granules India Ltd Company

Granules India Limited is a company. It is a manufacturing company.

The products of the company are available all over the world. Those are Canada, the United States of America, Latin America, Europe, Asia Pacific, and India.

The presence of the Company is across the value chain including active pharmaceutical components (APIs) Pharmacoformulation intermediaries (PFIs) and last doses (FDs).

It is home to more than eight manufacturing plants, seven of which are within India as well as one located in the United States.

The company’s products are sold throughout the world market including Canada and Canada, the United States of America, Canada, Latin America, Europe, Asia Pacific, and India.

The wholly-owned subsidiaries include Granules USA, Granules Pharmaceuticals, Granules Europe Limited, and Granules Lifesciences Private Limited.

Fundamental Analysis of Granules India Ltd

Market Cap₹ 10,509 Cr.
Current Price₹ 436
52-wk High₹ 480 
52-wk Low₹ 268
Stock P/E26.6
Book Value₹ 122
Dividend0.35 %
ROCE19.4 %
ROE19.1 %
Face Value₹ 1.00
P/B Value3.54
OPM18.3 %
EPS₹ 16.3
Debt₹ 1,380 Cr.
Debt to Equity0.47

Granules India Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹450₹500
2025₹512₹600
2026₹605₹645
2027₹650₹712
2028₹715₹800
2029₹812₹900
2030₹912₹1200
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Granules India Ltd Shareholding Pattern

Promoters Holding
Dec 202242.02%
Mar 202342.02%
June 202342.02%
Sept 202341.97%
Dec 202341.97%
FII Holding
Dec 202223.66%
Mar 202323.90%
June 202321.35%
Sept 202321.48%
Dec 202318.78%
DII Holding
Dec 20224.75%
Mar 20235.03%
June 20236.68%
Sept 20237.06%
Dec 202310.16%
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Public Holding
Dec 202229.56%
Mar 202329.05%
June 202329.95%
Sept 202329.51%
Dec 202329.10%

Granules India Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 2,279 Cr
2020₹ 2,599 Cr
2021₹ 3,238 Cr
2022₹ 3,765 Cr
2023₹ 4,526 Cr

Last 5 Years’ Net Profit:

2019₹ 236 Cr
2020₹ 335 Cr
2021₹ 549 Cr
2022₹ 413 Cr
2023₹ 395 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.61
20200.43
20210.39
20220.42
20230.37

Last 10 Years’ Profit Growth:

10 Years:32%
5 Years:31%
3 Years:18%
Current Year:-22%

Last 10 years’ Return on Equity (ROE):

10 Years:20%
5 Years:20%
3 Years:21%
Last Year:19%

Sales Growth Over 10 Years:

10 Years:19%
5 Years:22%
3 Years:20%
Current Year:4%

Conclusion

This article is a complete guide about Granules India Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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