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Glenmark Pharmaceuticals Ltd

NSE: GLENMARK BSE: 532296

2136.70

(0.58%)

Mon, 09 Mar 2026, 06:00 pm

Glenmark Pharmaceuticals Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are thoroughly covered by earnings (12.7x coverage).
  • Dividends after 3 years are expected to be thoroughly covered by earnings (13.5x coverage).
  • Dividends per share have been stable in the past 10 years.
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Cons

  • Glenmark Pharmaceuticals's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Glenmark Pharmaceuticals's dividend is below the markets top 25% of dividend payers in India (3.08%).

future

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Pros

  • Glenmark Pharmaceuticals's earnings growth is expected to exceed the low risk savings rate of 7.2%.
  • Glenmark Pharmaceuticals's earnings are expected to exceed the low risk growth rate next year.
  • Glenmark Pharmaceuticals's revenue growth is expected to exceed the India market average.
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Cons

  • Cash flow for Glenmark Pharmaceuticals is expected to decrease over the next 2 years.
  • Glenmark Pharmaceuticals's earnings are expected to grow by 14.2% yearly, however this is not considered high growth (20% yearly).
  • Glenmark Pharmaceuticals's earnings growth is positive but not above the India market average.
  • Glenmark Pharmaceuticals's net income is expected to increase but not above the 50% threshold in 2 years time.
  • Glenmark Pharmaceuticals is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
  • Performance (ROE) is not expected to exceed the current IN Pharmaceuticals industry average.
  • A decline in Glenmark Pharmaceuticals's performance (ROE) is expected over the next 3 years.
  • Glenmark Pharmaceuticals's revenue is expected to increase but not above the 50% threshold in 2 years time.
  • Glenmark Pharmaceuticals's revenue is expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).

health

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Pros

  • Glenmark Pharmaceuticals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Glenmark Pharmaceuticals is profitable, therefore cash runway is not a concern.
  • Glenmark Pharmaceuticals is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (37.7%, greater than 20% of total debt).
  • Debt is covered by short term assets, assets are 1.9x debt.
  • Glenmark Pharmaceuticals's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (97.1% vs 59.7% today).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
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Cons

  • Glenmark Pharmaceuticals's level of debt (59.7%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the Glenmark Pharmaceuticals board of directors is about average.
  • Glenn's compensation has been consistent with company performance over the past year, both up more than 20%.
  • The tenure for the Glenmark Pharmaceuticals management team is about average.
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Cons

  • Glenn's remuneration is higher than average for companies of similar size in India.

misc

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Pros

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    Cons

    • Glenmark Pharmaceuticals has significant price volatility in the past 3 months.

    past

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    Pros

    • Glenmark Pharmaceuticals's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
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    Cons

    • Glenmark Pharmaceuticals's 1-year earnings growth is negative, it can't be compared to the 5-year average.
    • Glenmark Pharmaceuticals used its assets less efficiently than the IN Pharmaceuticals industry average last year based on Return on Assets.
    • Glenmark Pharmaceuticals's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
    • Glenmark Pharmaceuticals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • Glenmark Pharmaceuticals's 1-year earnings growth is negative, it can't be compared to the IN Pharmaceuticals industry average.

    value

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    Pros

    • Glenmark Pharmaceuticals is good value based on earnings compared to the IN Pharmaceuticals industry average.
    • BSE:532296 is up 15.8% outperforming the Pharmaceuticals industry which returned 6.8% over the past month.
    • BSE:532296 is up 15.8% outperforming the market in India which returned 8% over the past month.
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    Cons

    • Glenmark Pharmaceuticals's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • Glenmark Pharmaceuticals's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • Glenmark Pharmaceuticals is overvalued based on assets compared to the IN Pharmaceuticals industry average.
    • Glenmark Pharmaceuticals is poor value based on expected growth next year.
    • Glenmark Pharmaceuticals is overvalued based on earnings compared to the India market.
    • 532296 underperformed the Pharmaceuticals industry which returned 26.7% over the past year.
    • 532296 underperformed the Market in India which returned -14.5% over the past year.

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