Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹865 Cr.
Stock P/E
48.7
P/B
5.3
Current Price
₹673.8
Book Value
₹ 127.8
Face Value
10
52W High
₹759
52W Low
₹ 381.1
Dividend Yield
0%

Shree Ganesh Remed. Overview

Business

Shree Ganesh Remedies Ltd. (SGRL) is an Indian pharmaceutical company primarily engaged in the manufacturing of Advanced Pharmaceutical Intermediates and Active Pharmaceutical Ingredients (APIs). The company focuses on specialty chemicals and intermediates used in the production of various drug formulations. Its business model revolves around contract manufacturing and supplying these critical building blocks to other pharmaceutical companies, both domestically and internationally. SGRL makes money by selling these intermediates and APIs, leveraging its chemical synthesis capabilities and manufacturing infrastructure.

Revenue Mix

SGRL's revenue is primarily derived from two main product categories:

Advanced Pharmaceutical Intermediates: These are complex chemical compounds used in the synthesis of APIs. This forms a significant portion of their business, often produced on a contract basis or for specific customers.

Active Pharmaceutical Ingredients (APIs): The company manufactures various APIs, which are the biologically active components in a drug product. While specific revenue percentages are not readily available in public domain without detailed financial reports, the company's focus is largely on these two areas, supporting the generic pharmaceutical industry.

Industry

SGRL operates within the highly competitive and regulated Indian Pharmaceuticals & Drugs industry, specifically focusing on the API and intermediate segments. The industry is characterized by strong demand for generic drugs, increasing R&D spending, and stringent regulatory requirements (e.g., USFDA, EDQM). SGRL positions itself as a reliable manufacturer of specialty pharmaceutical intermediates and APIs, often focusing on niche products or complex chemistries. It likely competes with a large number of mid-sized API and intermediate manufacturers in India, distinguishing itself through product quality, regulatory compliance, and process efficiency.

MOAT

SGRL's potential competitive advantages include:

Specialized Chemistry Expertise: Focus on complex or multi-step synthesis required for advanced intermediates and APIs.

Regulatory Compliance: Adherence to Good Manufacturing Practices (GMP) and obtaining necessary certifications (e.g., ISO, potentially drug master files (DMFs) for specific APIs) allows it to serve regulated markets.

Backward Integration/Process Efficiency: Ability to efficiently produce key starting materials or optimize manufacturing processes can lead to cost advantages.

Customer Relationships: Long-standing relationships with domestic and international pharmaceutical clients.

Growth Drivers

Key factors that can drive SGRL's growth over the next 3-5 years include:

Increasing Global Demand for APIs & Generics: The growing generic drug market worldwide, particularly in developed economies, fuels demand for cost-effective APIs and intermediates.

'China Plus One' Strategy: Global pharmaceutical companies diversifying their supply chains away from China could benefit Indian API manufacturers like SGRL.

Capacity Expansion: Investments in increasing manufacturing capacity to meet rising demand.

New Product Development: Introduction of new advanced intermediates and APIs for emerging drug molecules or high-demand generics.

Government Initiatives: Indian government support for domestic API manufacturing under schemes like Production Linked Incentive (PLI).

Risks

Intense Competition & Pricing Pressure: The API and intermediate market is fragmented and highly competitive, leading to pricing pressure.

Regulatory Risks: Strict and evolving regulatory requirements (e.g., USFDA, European agencies) for manufacturing facilities and products, non-compliance can lead to severe penalties or import bans.

Raw Material Volatility: Dependence on external sources for key raw materials, with potential for price fluctuations and supply chain disruptions.

Currency Fluctuations: Exposure to foreign exchange fluctuations due to exports and imports.

Technology & R&D: The need to continuously invest in R&D to develop new processes and products, otherwise risking obsolescence.

Environmental Regulations: Increasingly stringent environmental norms can increase compliance costs.

Management & Ownership

Shree Ganesh Remedies Ltd. is primarily promoter-owned and managed. The promoter family typically holds a significant stake, which is common in many mid-sized Indian companies. The management team likely comprises individuals with strong technical and industry experience in chemical manufacturing and pharmaceuticals. Information on specific management quality usually requires deeper analysis of past performance, corporate governance practices, and public statements, which are not provided here.

Outlook

SGRL has a potential runway for growth driven by the robust demand for APIs and intermediates, global supply chain diversification, and government support for domestic manufacturing. Its focus on specialized chemistry and compliance positions it to cater to regulated markets. However, the company faces significant challenges from intense competition, constant pricing pressure, and the need to navigate a complex and evolving global regulatory landscape. Sustained investment in R&D, capacity expansion, and maintaining high-quality manufacturing standards will be crucial for its continued success amidst these industry dynamics.

Shree Ganesh Remed. Share Price

Live · BSE / NSE · Inception: 1995
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Shree Ganesh Remed. Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 37 25 32 27 24 25 30 21 33 14
Other Income 1 1 0 1 2 1 1 1 1 1
Total Income 39 25 33 28 27 25 31 22 34 15
Total Expenditure 20 17 21 17 15 17 21 14 22 11
Operating Profit 18 9 11 11 12 8 10 7 12 4
Interest 0 0 0 0 1 1 1 1 1 0
Depreciation 2 2 2 3 2 2 3 3 3 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 16 6 9 8 9 5 7 4 9 2
Provision for Tax 4 2 2 2 2 1 2 1 2 0
Profit After Tax 13 5 6 5 7 3 5 3 6 1
Adjustments 0 0 0 0 0 -0 -0 -0 -0 -0
Profit After Adjustments 13 5 6 5 7 3 5 3 6 1
Adjusted Earnings Per Share 10 3.6 5 4.2 5.1 2.7 3.9 2.4 4.9 0.9

Shree Ganesh Remed. Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 35 64 126 109 109 98
Other Income 1 4 3 4 3 4
Total Income 36 68 129 112 112 102
Total Expenditure 27 52 84 69 74 68
Operating Profit 10 16 45 43 38 33
Interest 0 1 1 2 4 3
Depreciation 1 2 6 10 10 11
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 9 14 38 31 24 22
Provision for Tax 2 3 10 8 6 5
Profit After Tax 6 10 28 23 18 15
Adjustments 0 0 0 0 0 0
Profit After Adjustments 6 10 28 23 18 15
Adjusted Earnings Per Share 5.2 8.7 21.9 18 13.8 12.1

Shree Ganesh Remed. Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 34 42 122 145 163
Minority's Interest 0 0 0 0 0
Borrowings 0 2 29 29 21
Other Non-Current Liabilities 0 0 1 1 2
Total Current Liabilities 7 10 26 24 27
Total Liabilities 41 55 178 200 213
Fixed Assets 14 20 81 95 105
Other Non-Current Assets 1 1 20 19 17
Total Current Assets 26 34 77 86 91
Total Assets 41 55 178 200 213

Shree Ganesh Remed. Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 6 1 9 16 10
Cash Flow from Operating Activities -5 5 30 31 24
Cash Flow from Investing Activities -0 -3 -33 -36 -10
Cash Flow from Financing Activities -0 -0 10 -1 -12
Net Cash Inflow / Outflow -5 1 7 -6 2
Closing Cash & Cash Equivalent 1 2 16 10 13

Shree Ganesh Remed. Ratios

# Mar 2019 Mar 2020 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 5.16 8.66 21.89 17.97 13.83
CEPS(Rs) 6.01 10.56 26.64 25.42 21.99
DPS(Rs) 1.25 1.5 0 0 0
Book NAV/Share(Rs) 27.97 34.9 95.07 113.07 126.95
Core EBITDA Margin(%) 24.76 19.55 32.32 35.21 31.67
EBIT Margin(%) 25.12 22.08 29.97 29.97 24.94
Pre Tax Margin(%) 24.54 21.23 29.5 28.07 21.72
PAT Margin (%) 17.66 16.36 21.73 20.71 16.06
Cash Profit Margin (%) 20.6 19.94 26.46 29.3 25.53
ROA(%) 15.08 21.67 24.08 12.2 8.61
ROE(%) 18.43 27.55 34.22 17.26 11.53
ROCE(%) 25.66 34.79 37.81 19.53 14.63
Receivable days 100.48 78.42 53.79 69.81 90.51
Inventory Days 67.29 36.84 44.31 77.02 75.97
Payable days 76.9 40.52 40.38 72.01 67.15
PER(x) 7.79 6.21 30.49 39.58 30.36
Price/Book(x) 1.44 1.54 7.02 6.29 3.31
Dividend Yield(%) 2.31 2.07 0 0 0
EV/Net Sales(x) 1.37 1.05 6.97 8.67 5.09
EV/Core EBITDA(x) 4.88 4.09 19.54 21.92 14.62
Net Sales Growth(%) 0 81.28 96.65 -13.74 0.63
EBIT Growth(%) 0 59.32 174.32 -13.91 -17.37
PAT Growth(%) 0 67.93 168.45 -17.93 -23.01
EPS Growth(%) 0 67.93 152.78 -17.89 -23.01
Debt/Equity(x) 0.02 0.11 0.3 0.26 0.19
Current Ratio(x) 3.8 3.26 2.98 3.53 3.4
Quick Ratio(x) 2.84 2.64 2.02 2.63 2.5
Interest Cover(x) 43.45 26.05 63.85 15.84 7.74
Total Debt/Mcap(x) 0.02 0.07 0.04 0.04 0.06

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% +19% — —
Operating Profit CAGR -12% +33% — —
PAT CAGR -22% +22% — —
Share Price CAGR +27% +10% +15% —
ROE Average +12% +21% +22% +22%
ROCE Average +15% +24% +26% +26%

Shree Ganesh Remed. Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 72.84 %
FII 0 %
DII (MF + Insurance) 0.52 %
Public (retail) 26.64 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 69.3369.3370.572.872.872.872.872.872.8472.84
FII 00.010.010.010.010.010.01000
DII 0000000000.52
Public 30.6730.6629.527.1927.1927.1927.1927.227.1626.64
Others 0000000000
Total 100100100100100100100100100100

Shree Ganesh Remed. Peer Comparison

Pharmaceuticals & Drugs Edit Columns

Shree Ganesh Remed. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Shree Ganesh Remed. Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 21%
  • Debtor days have improved from 72.01 to 67.15days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 5.3 times its book value.
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