On 6 Nov 2026, Gland Pharma was priced at ₹3,169.30, or 42.3× trailing earnings, against an industry P/E of 28.7×. Its ROCE of 14% is the second-lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers, and sales and net profit grew 21% and 9.6% a year over 3 years. It has almost no debt, and its dividend yield is 0.6%. It is a mid-cap company with a market cap of ₹52,297 Cr, ranked 14th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares rose 65% over the past year.
- ₹3,150.00
- ₹3,183.40
- ₹3,133.20
- ₹3,145.20
- 3.5 L
Health check
- ReturnsAhead
+64.5% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 42.3 vs industry 28.7.
- GrowthSteady
Sales +21.2%, profit +9.6% a year over 3 years.
- ProfitabilityAverage
ROCE 13.7% vs peer median 17.9%.
- Balance sheetSolid
Practically debt-free, Piotroski 9 of 9.
- Red flags1 to check
Promoter stake down from 51.8% to 45.8%.
Mid cap
Defensive
Key metrics
- Market cap
- ₹52,297 Cr
- Mid cap
- P/E
- 42.3
- Industry 28.7
- Price to book
- 5.04
- Peers 4.99
- Dividend yield
- 0.63%
- ROE
- 10.5%
- Peers 14.7%
- ROCE
- 13.7%
- Peers 17.9%
- Debt to equity
- 0.03
- Debt ₹284 Cr
- EPS (TTM)
- ₹74.95
- Face value ₹1
- OPM (TTM)
- 26.8%
- Net margin 16.8%
- Sales growth
- +19.6%
- Latest quarter vs a year ago
- Profit growth
- +47.1%
- Latest quarter vs a year ago
- Price to sales
- 7.78
- EV/EBITDA 28.6
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 47.1% on a year ago.
- Quarterly sales up 19.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Promoter stake down from 51.8% to 45.8%.
About Gland Pharma
Gland Pharma Limited engages in manufacturing and sale of injectable formulations in India, the United States, Europe, Canada, Australia, New Zealand, and internationally. It engages in research and development of active pharmaceutical ingredient products, including synthesis of complex drug molecules, such as low molecular weight heparins, corticosteroids, peptides, and cytotoxic molecules. The company also offers its products for various therapeutic…
- Headquarters
- Hyderabad
- Employees
- 4,332
- Sector
- Healthcare
- ISIN
- INE068V01023
- Website
- glandpharma.com
Price range
- Avg volume (3M)
- 6.2 L
- 1-year return
- plus 64.5%
- From 52-week high
- minus 1.2%
Analyst consensus
Next results expected around 27 Jan 2027
Peers · Drug Manufacturers - Specialty & Generic
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMASun Pharmaceutical Industries | 1,860.00 | plus 1.69% | 4,46,276 | 40.7 | 4.99 | 17.9% | 13.1% | 28.2% | 10.4% | 10.6% | 0.86% | plus 8.2% |
| DIVISLABDivi's Laboratories | 10,320.50 | plus 1.78% | 2,73,977 | 93.6 | 16.35 | 19.0% | 16.2% | 34.9% | 11.0% | 12.1% | 0.29% | plus 49.0% |
| TORNTPHARMTorrent Pharmaceuticals | 4,750.00 | plus 0.85% | 1,80,675 | 80.2 | 9.83 | 9.1% | 15.7% | 33.7% | 13.3% | 20.2% | 0.80% | plus 31.7% |
| LAURUSLABSLaurus Labs | 2,340.00 | minus 0.26% | 1,26,433 | 94.4 | 20.86 | 19.5% | 24.0% | 30.4% | 3.8% | 4.0% | 0.09% | plus 138.6% |
| ZYDUSLIFEZydus Lifesciences | 1,197.90 | plus 0.41% | 1,19,491 | 28.6 | 4.29 | 19.0% | 14.7% | 26.2% | 16.5% | 37.0% | 0.08% | plus 22.8% |
| DRREDDYDr. Reddy's Laboratories | 1,373.00 | plus 0.51% | 1,14,462 | 40.9 | 2.96 | 14.2% | 7.3% | 15.9% | 11.0% | −1.7% | 0.58% | plus 13.8% |
| CIPLACipla | 1,411.00 | plus 0.49% | 1,13,993 | 39.4 | 3.22 | 14.9% | 8.3% | 17.3% | 7.2% | 11.5% | 0.92% | minus 6.6% |
| GLANDGland Pharma | 3,169.30 | plus 0.77% | 52,297 | 42.3 | 5.04 | 13.7% | 10.5% | 26.8% | 21.2% | 9.6% | 0.63% | plus 64.5% |
| Median of 7 peers | – | 0.51% | 1,26,433 | 40.9 | 4.99 | 17.9% | 14.7% | 28.2% | 11.0% | 11.5% | 0.58% | 22.8% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,425 | 1,506 | 1,695 | 1,743 | 1,800 | |
| – | – | – | +22.3% | +19.6% | |
| 1,077 | 1,138 | 1,260 | 1,230 | 1,311 | |
| 348 | 368 | 435 | 513 | 489 | |
| 24.4% | 24.4% | 25.7% | 29.4% | 27.2% | |
| 44 | 57.5 | 63.2 | 111 | 61.2 | |
| 7.5 | 11.5 | 3.9 | 10 | 4.4 | |
| 95.8 | 101 | 108 | 109 | 111 | |
| – | – | −24.3 | – | – | |
| 288 | 313 | 362 | 506 | 435 | |
| 35.3% | 31.1% | 27.8% | 27.5% | 27.1% | |
| 187 | 215 | 261 | 367 | 317 | |
| – | – | – | +96.6% | +47.1% | |
| 11.32 | 13.08 | 15.87 | 22.23 | 19.22 |
Profit & loss
- Sales CAGR 3Y
- +21.2%
- Profit CAGR 3Y
- +9.6%
- EPS CAGR 3Y
- +9.5%
- ROE
- 10.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,592 | 5,642 | 5,584 | 6,403 | |
| – | +57.1% | minus 1.0% | +14.7% | |
| 2,575 | 4,301 | 4,316 | 4,773 | |
| 1,017 | 1,341 | 1,268 | 1,630 | |
| 28.3% | 23.8% | 22.7% | 25.5% | |
| 236 | 162 | 208 | 309 | |
| 6.3 | 21.8 | 37.4 | 29.6 | |
| 147 | 345 | 378 | 424 | |
| −45.7 | −3.9 | 2.3 | −21.5 | |
| 1,055 | 1,133 | 1,063 | 1,465 | |
| 25.9% | 31.8% | 34.3% | 29.9% | |
| 781 | 772 | 699 | 1,027 | |
| – | minus 1.1% | minus 9.6% | +47.1% | |
| 47.43 | 46.89 | 42.40 | 62.28 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.5 | 16.5 | 16.5 | 16.5 | |
| 7,942 | 8,707 | 9,134 | 10,341 | |
| 4.5 | 372 | 314 | 284 | |
| 814 | 1,565 | 1,760 | 1,869 | |
| 8,778 | 10,661 | 11,225 | 12,511 | |
| 1,799 | 3,871 | 3,975 | 4,474 | |
| 240 | 279 | 182 | 384 | |
| – | 655 | – | – | |
| 3,763 | 1,939 | 2,952 | 3,359 | |
| 2,975 | 3,918 | 4,116 | 4,294 | |
| 8,778 | 10,661 | 11,225 | 12,511 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 364 | 997 | 915 | 1,031 | |
| 1,208 | −1,757 | 1,705 | 138 | |
| 14.9 | −799 | −433 | −417 | |
| 1,587 | −1,560 | 2,186 | 752 | |
| −223 | −398 | −394 | −494 | |
| 141 | 599 | 521 | 537 | |
| – | – | −329 | −297 |
Shareholding pattern
- Promoters45.75%
- Public54.25%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 45.75% | 54.25% | minus 6.02 | |
| 30 Jun 2026 | 51.77% | 48.23% | minus 0.06 | |
| 31 Mar 2026 | 51.83% | 48.17% | 0.00 | |
| 31 Dec 2025 | 51.83% | 48.17% | 0.00 | |
| 30 Sep 2025 | 51.83% | 48.17% | – |
Major shareholders
Filings & events
News
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