On 6 Nov 2026, Glenmark Pharmaceuticals was priced at ₹2,590.00, or 50.4× trailing earnings, against an industry P/E of 28.7×. Sales and net profit grew 13% and 66% a year over 3 years, with ROCE of 16% and ROE of 14%. Debt is 0.13× equity, and its dividend yield is 0.2%. It is a mid-cap company with a market cap of ₹73,096 Cr, ranked 11th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares rose 35% over the past year.
- ₹2,365.50
- ₹2,682.50
- ₹2,365.50
- ₹2,481.80
- 50.4 L
Health check
- ReturnsAhead
+34.5% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 50.4 vs industry 28.7.
- GrowthStrong
Sales +13.5%, profit +66.1% a year over 3 years.
- ProfitabilityAverage
ROCE 16.2% vs peer median 17.9%.
- Balance sheetSolid
Debt 0.13× equity, interest covered 10.5×, Piotroski 9 of 9.
- Red flags3 to check
Quarterly profit down 56.8% on a year ago.
Mid cap
Market sensitivity
Key metrics
- Market cap
- ₹73,096 Cr
- Mid cap
- P/E
- 50.4
- Industry 28.7
- Price to book
- 6.52
- Peers 4.99
- Dividend yield
- 0.19%
- ROE
- 14.0%
- Peers 14.7%
- ROCE
- 16.2%
- Peers 17.9%
- Debt to equity
- 0.13
- Debt ₹1,407 Cr
- EPS (TTM)
- ₹51.41
- Face value ₹1
- OPM (TTM)
- 18.0%
- Net margin 9.2%
- Sales growth
- −30.8%
- Latest quarter vs a year ago
- Profit growth
- −56.8%
- Latest quarter vs a year ago
- Price to sales
- 4.62
- EV/EBITDA 24.0
Strengths and risks
Risks to check
- Quarterly profit down 56.8% on a year ago.
- Quarterly sales down 30.8% on a year ago.
- P/E of 50.4 against an industry P/E of 28.7.
About Glenmark Pharmaceuticals
Glenmark Pharmaceuticals Limited, together with its subsidiaries, research, develops, manufactures, and sells generics, specialty medicines, and over the counter (OTC) pharmaceutical products in India, North America, Europe, and internationally. The company provides various products in the therapeutic areas of dermatology, respiratory, oncology, cardiology, diabetes, gynecology, gastroenterology, and anti-infective in the dosage forms of complex…
- Headquarters
- Mumbai
- Employees
- 16,946
- Sector
- Healthcare
- ISIN
- INE935A01035
- Website
- glenmarkpharma.com
Price range
- Avg volume (3M)
- 6.5 L
- 1-year return
- plus 34.5%
- From 52-week high
- minus 3.4%
Analyst consensus
Next results expected around 29 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% |
| GLENMARKGlenmark Pharmaceuticals | 2,590.00 | plus 4.36% | 73,096 | 50.4 | 6.52 | 16.2% | 14.0% | 18.0% | 13.5% | 66.1% | 0.19% | plus 34.5% |
| 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 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 6,004 | 3,888 | 3,760 | 3,932 | 4,157 | |
| 4,829 | 3,018 | 3,182 | 3,127 | 3,575 | |
| 1,175 | 870 | 578 | 805 | 582 | |
| 19.6% | 22.4% | 15.4% | 20.5% | 14.0% | |
| 1,385 | 44.5 | 373 | 65.8 | 284 | |
| 66.5 | 41.4 | 42.6 | 54 | 63.8 | |
| 141 | 154 | 148 | 173 | 180 | |
| −1,385 | −184 | −373 | – | −284 | |
| 967 | 534 | 388 | 643 | 338 | |
| 36.9% | 24.5% | 22.3% | 25.0% | 22.0% | |
| 610 | 403 | 301 | 483 | 264 | |
| 21.62 | 14.28 | 10.68 | 17.11 | 9.34 |
Profit & loss
- Sales CAGR 3Y
- +13.5%
- Profit CAGR 3Y
- +66.1%
- EPS CAGR 3Y
- +66.1%
- ROE
- 14.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11,432 | 11,635 | 13,146 | 16,711 | |
| – | +1.8% | +13.0% | +27.1% | |
| 10,232 | 10,374 | 10,791 | 13,944 | |
| 1,200 | 1,262 | 2,354 | 2,767 | |
| 10.5% | 10.8% | 17.9% | 16.6% | |
| 773 | 838 | 114 | 2,290 | |
| 349 | 516 | 207 | 209 | |
| 611 | 631 | 486 | 573 | |
| −773 | −917 | −376 | −2,290 | |
| 240 | 36.5 | 1,399 | 1,985 | |
| 137.3% | 5116.7% | 25.2% | 31.4% | |
| 297 | −1,502 | 1,047 | 1,362 | |
| – | minus 605.2% | – | +30.1% | |
| 10.53 | -53.22 | 37.11 | 48.24 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 28.2 | 28.2 | 28.2 | 28.2 | |
| 9,446 | 7,820 | 8,821 | 10,484 | |
| 4,608 | 1,231 | 2,473 | 594 | |
| 5,290 | 5,280 | 4,727 | 8,802 | |
| 19,372 | 14,359 | 16,050 | 19,908 | |
| 4,221 | 3,568 | 3,888 | 4,344 | |
| 1,092 | 450 | 568 | 454 | |
| 47.3 | 796 | 60.5 | 43.1 | |
| 1,173 | 1,670 | 1,691 | 1,201 | |
| 12,837 | 7,875 | 9,841 | 13,866 | |
| 19,372 | 14,359 | 16,050 | 19,908 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 625 | −265 | −828 | 3,445 | |
| −528 | 4,561 | 2.1 | −1,283 | |
| −77.5 | −3,906 | 787 | −2,709 | |
| 19.4 | 389 | −38.5 | −547 | |
| −608 | −898 | −751 | −1,358 | |
| 17.6 | −1,164 | −1,578 | 2,087 | |
| −137 | −118 | −70.4 | −141 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 27.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.