Granules India Limited

NSEI:GRANULES Stock Report

Market Cap: ₹204.2b

Granules India Future Growth

Future criteria checks 4/6

Granules India is forecast to grow earnings and revenue by 23.3% and 14.9% per annum respectively. EPS is expected to grow by 21.5% per annum. Return on equity is forecast to be 15.2% in 3 years.

Key information

23.3%

Earnings growth rate

21.51%

EPS growth rate

Pharmaceuticals earnings growth17.2%
Revenue growth rate14.9%
Future return on equity15.19%
Analyst coverage

Good

Last updated23 Jul 2026

Recent future growth updates

Analysis Article • Jul 24

Granules India Limited (NSE:GRANULES) Analysts Are Pretty Bullish On The Stock After Recent Results

Shareholders might have noticed that Granules India Limited ( NSE:GRANULES ) filed its first-quarter result this time...
Analysis Article • Jan 28

Granules India Limited Beat Revenue Forecasts By 7.5%: Here's What Analysts Are Forecasting Next

Granules India Limited ( NSE:GRANULES ) just released its third-quarter report and things are looking bullish. The...
Analysis Article • Nov 16

Granules India Limited (NSE:GRANULES) Just Beat Earnings: Here's What Analysts Think Will Happen Next

Granules India Limited ( NSE:GRANULES ) just released its quarterly report and things are looking bullish. Results were...

Recent updates

Analysis Article • Jul 24

Granules India Limited (NSE:GRANULES) Analysts Are Pretty Bullish On The Stock After Recent Results

Shareholders might have noticed that Granules India Limited ( NSE:GRANULES ) filed its first-quarter result this time...
Analysis Article • May 18

If EPS Growth Is Important To You, Granules India (NSE:GRANULES) Presents An Opportunity

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Jan 28

Granules India Limited Beat Revenue Forecasts By 7.5%: Here's What Analysts Are Forecasting Next

Granules India Limited ( NSE:GRANULES ) just released its third-quarter report and things are looking bullish. The...
Analysis Article • Dec 23

Granules India (NSE:GRANULES) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Dec 04

Here's Why We Think Granules India (NSE:GRANULES) Is Well Worth Watching

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Nov 16

Granules India Limited (NSE:GRANULES) Just Beat Earnings: Here's What Analysts Think Will Happen Next

Granules India Limited ( NSE:GRANULES ) just released its quarterly report and things are looking bullish. Results were...
Analysis Article • Sep 27

Granules India Limited (NSE:GRANULES) Not Lagging Market On Growth Or Pricing

It's not a stretch to say that Granules India Limited's ( NSE:GRANULES ) price-to-earnings (or "P/E") ratio of 26.1x...
Analysis Article • Aug 15

Granules India Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

NSEI:GRANULES 1 Year Share Price vs Fair Value Explore Granules India's Fair Values from the Community and select yours...
Analysis Article • Jul 15

Granules India (NSE:GRANULES) Has Announced A Dividend Of ₹1.50

Granules India Limited ( NSE:GRANULES ) has announced that it will pay a dividend of ₹1.50 per share on the 6th of...
Analysis Article • Jul 12

Is Now The Time To Put Granules India (NSE:GRANULES) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • May 31

Granules India Limited (NSE:GRANULES) Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Investors in Granules India Limited ( NSE:GRANULES ) had a good week, as its shares rose 2.4% to close at ₹531...
Analysis Article • May 02

Benign Growth For Granules India Limited (NSE:GRANULES) Underpins Its Share Price

Granules India Limited's ( NSE:GRANULES ) price-to-earnings (or "P/E") ratio of 23x might make it look like a buy right...
Analysis Article • Mar 21

Is Granules India (NSE:GRANULES) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Dec 04

Granules India Limited's (NSE:GRANULES) Shares Not Telling The Full Story

With a price-to-earnings (or "P/E") ratio of 26.6x Granules India Limited ( NSE:GRANULES ) may be sending bullish...
Analysis Article • Sep 16

Is Granules India (NSE:GRANULES) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Aug 02

Granules India Limited (NSE:GRANULES) Analysts Are Pretty Bullish On The Stock After Recent Results

It's been a pretty great week for Granules India Limited ( NSE:GRANULES ) shareholders, with its shares surging 15% to...
Analysis Article • Aug 01

Granules India Limited (NSE:GRANULES) Stock Rockets 27% But Many Are Still Ignoring The Company

Despite an already strong run, Granules India Limited ( NSE:GRANULES ) shares have been powering on, with a gain of 27...
Analysis Article • Jul 31

Granules India Limited's (NSE:GRANULES) CEO Compensation Is Looking A Bit Stretched At The Moment

Key Insights Granules India will host its Annual General Meeting on 6th of August Salary of ₹18.0m is part of CEO...
Analysis Article • Jul 17

Granules India's (NSE:GRANULES) Dividend Will Be ₹1.50

Granules India Limited ( NSE:GRANULES ) will pay a dividend of ₹1.50 on the 5th of September. The dividend yield is...
Analysis Article • Jun 19

Granules India's (NSE:GRANULES) Dividend Will Be ₹1.50

Granules India Limited ( NSE:GRANULES ) has announced that it will pay a dividend of ₹1.50 per share on the 5th of...
Analysis Article • Apr 08

Investors Holding Back On Granules India Limited (NSE:GRANULES)

With a price-to-earnings (or "P/E") ratio of 27.8x Granules India Limited ( NSE:GRANULES ) may be sending bullish...
Analysis Article • Jan 26

Granules India Limited Just Missed Revenue By 6.4%: Here's What Analysts Think Will Happen Next

As you might know, Granules India Limited ( NSE:GRANULES ) recently reported its quarterly numbers. Results look mixed...
Analysis Article • Dec 28

Many Still Looking Away From Granules India Limited (NSE:GRANULES)

Granules India Limited's ( NSE:GRANULES ) price-to-earnings (or "P/E") ratio of 24.4x might make it look like a buy...
Analysis Article • Nov 13

Granules India (NSE:GRANULES) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Oct 24

A Look At The Fair Value Of Granules India Limited (NSE:GRANULES)

Key Insights Granules India's estimated fair value is ₹278 based on 2 Stage Free Cash Flow to Equity With ₹333 share...
Analysis Article • May 19

Does Granules India (NSE:GRANULES) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Mar 29

Should You Be Adding Granules India (NSE:GRANULES) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Jan 19

Granules India (NSE:GRANULES) Has A Pretty Healthy Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Earnings and Revenue Growth Forecasts

NSEI:GRANULES - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202987,59913,0696,071N/A2
3/31/202872,50710,1935,428N/A7
3/31/202763,0148,0662,722N/A6
6/30/202656,3236,623N/AN/AN/A
3/31/202653,6565,9502,3507,933N/A
12/31/202550,9255,455N/AN/AN/A
9/30/202548,4225,1293,0419,240N/A
6/30/202545,1184,795N/AN/AN/A
3/31/202544,8165,0152,9498,666N/A
12/31/202444,6004,791N/AN/AN/A
9/30/202444,7784,8723,3928,198N/A
6/30/202447,0074,921N/AN/AN/A
3/31/202445,0644,0535884,394N/A
12/31/202345,2613,953N/AN/AN/A
9/30/202345,1663,939-3463,769N/A
6/30/202344,7794,369N/AN/AN/A
3/31/202345,1195,1663,2817,387N/A
12/31/202243,4645,080N/AN/AN/A
9/30/202241,9704,8451,5454,970N/A
6/30/202239,3464,201N/AN/AN/A
3/31/202237,6494,128-6573,321N/A
12/31/202135,3434,293N/AN/AN/A
9/30/202133,8204,7537354,714N/A
6/30/202133,5185,582N/AN/AN/A
3/31/202132,3755,4951,6114,325N/A
12/31/202030,3815,142N/AN/AN/A
9/30/202028,9764,3142,7234,459N/A
6/30/202027,3903,636N/AN/AN/A
3/31/202025,9863,354N/A4,762N/A
12/31/201926,1213,071N/AN/AN/A
9/30/201925,3993,034N/A3,714N/A
6/30/201924,2122,679N/AN/AN/A
3/31/201922,7922,364N/A2,622N/A
12/31/201821,6971,928N/AN/AN/A
9/30/201819,4871,675N/AN/AN/A
6/30/201817,6031,476N/AN/AN/A
3/31/201816,8461,326N/A-7N/A
12/31/201715,3611,578N/AN/AN/A
9/30/201714,7851,619N/AN/AN/A
6/30/201714,4561,624N/AN/AN/A
3/31/201714,1061,645N/A1,882N/A
12/31/201614,9711,473N/AN/AN/A
9/30/201614,6261,374N/AN/AN/A
6/30/201614,5241,289N/AN/AN/A
3/31/201613,5721,230N/A1,514N/A
12/31/201514,1471,077N/AN/AN/A
9/30/201513,8951,041N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRANULES's forecast earnings growth (23.3% per year) is above the savings rate (6.9%).

Earnings vs Market: GRANULES's earnings (23.3% per year) are forecast to grow faster than the Indian market (16.3% per year).

High Growth Earnings: GRANULES's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GRANULES's revenue (14.9% per year) is forecast to grow faster than the Indian market (10.9% per year).

High Growth Revenue: GRANULES's revenue (14.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GRANULES's Return on Equity is forecast to be low in 3 years time (15.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/31 23:37
End of Day Share Price 2026/07/31 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Granules India Limited is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vijayaraghavan SwaminathanAvendus Spark
Harith AhamedAvendus Spark
Cyndrella CarvalhoCentrum Broking Limited