Granules India Ltd. is an Indian pharmaceutical manufacturing company. Its product range consists of several off-patent drugs, such as ibuprofen, guaifenesin, metformin, and paracetamol. It was incorporated in 1984 with its headquarters in Hyderabad. The company’s quarterly consolidated net sales reported in June 2022 were Rs 1,019.56 crore, up 19.79% from Rs 849.85 crore in June 2021. On 12 August 2022, Granules India Ltd.’s market capitalisation was worth Rs 7,713 crore.
The company is listed on the Bombay Stock Exchange with the code 532482, and on the National Stock Exchange with the code GRANULES. It is also listed on the MCX Stock Exchange, Madras Stock Exchange, and Hyderabad Stock Exchange.
Granules India Ltd.’s product portfolio is diverse, featuring safe, effective, and high-quality drugs. It manufactures active pharmaceutical ingredients (APIs) and pharmaceutical formulation intermediaries (PFIs) with complete vertical integration. In the API sector, the company is among the largest manufacturers of first-line of defence products.
On 30 June 2022, Granules India Ltd.’s shareholding pattern indicated a 41.98% promoter stake, 23.13% foreign institutional investor stake, 3.03% domestic institutional investor stake, and 31.85% public stake. Promoters pledged 3.67% shares in the June quarter, making the total pledge of promoter holdings stand at 10.59%. Dr Krishna Prasad Chigurupati was the leading promoter with a 34.8% share. He is the company’s chairman and managing director. During the June 2022 quarter, mutual funds decreased holdings from 3.77% to 3.03%.
The company’s top management comprises Dr K V S Ram Rao, Mrs Uma Devi Chigurupati, Mr Arun Rao Akinepally, Dr Saumen Chakraborty, Mrs Sucharita Rao Palepu, Mr Arun Sawhney, Mr Robert George Cunard, Mr K B Sankar Rao, and Mr Harsha Chigurupati. The auditors are B S R & Associates LLP. On 30 June 2022, the company disclosed a total of 24.80 crore shares outstanding.
Granules India Ltd.’s share price closed at Rs 310.45 on BSE on 12 August 2022. It closed at Rs 310.65 on NSE. The 52-week high for Granules India Ltd.’s share price was Rs 374.70, and the 52-week low for the company’s share price was Rs 227.
The company’s peers include Divis Laboratories Ltd., Sun Pharmaceutical Industries Ltd., Cipla Ltd., Dr Reddys Laboratories Ltd., and Glenmark Pharmaceuticals Ltd.
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Granules India share price as on 20 Apr 2024 is Rs. 411.35. Over the past 6 months, the Granules India share price has increased by 15.56% and in the last one year, it has increased by 36.8%. The 52-week low for Granules India share price was Rs. 272.35 and 52-week high was Rs. 480.45.
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