Strides Pharma Science Ltd
Strides Pharma Science Ltd
HealthcareKey Fundamentals
MicrocapPharmaceuticalsHealthcareInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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50 extracted metrics + investor summaries across FY15–FY26.
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Technical Indicators
Key Insights
Strengths
2- Company has delivered good profit growth of 20.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 57.0%
Weaknesses
4- Stock is trading at 2.93 times its book value
- The company has delivered a poor sales growth of 7.94% over past five years.
- Promoter holding is low: 27.9%
- Promoters have pledged 38.1% of their holding.
Growth Rate
AI Analysis — Bull vs Bear
Strides Pharma Science (market cap ₹10,347 Cr, PE 18.1x) has delivered strong profit growth over the past 3-5 years with a notable 3-year ROE of 57%, but faces headwinds from decelerating sales growth (TTM at 6%) and a sharp TTM profit decline of -84%. Promoter pledging at 27.3% adds governance risk to an otherwise improving return profile.
- Strong 3-year ROE of 57% indicates efficient capital allocation and high returns on shareholder equity
- Compounded profit growth of 71% CAGR over 3 years demonstrates significant earnings recovery
- 5-year compounded profit growth of 21% CAGR reflects sustained long-term earnings expansion
- Stock CAGR of 76% over 3 years suggests strong market re-rating driven by improving fundamentals
- PE ratio of 18.1x is reasonable for a pharma company with 20%+ ROE in the last year
- 10-year compounded profit growth of 16% CAGR shows the business has scaled profitability over a full cycle
- Dividend yield of 0.35% indicates the company has initiated shareholder returns alongside growth
- TTM compounded profit declined -84%, signalling a sharp and severe earnings reversal in the most recent period
- Promoters have pledged 27.3% of their holding, raising corporate governance and forced-selling risk
- 5-year sales CAGR of only 7.94% reflects poor top-line momentum for a mid-cap pharma company
- Stock trades at 3.34x book value, which is elevated given the recent earnings collapse
- TTM sales growth has decelerated to just 6%, below the 10-year average of 5% CAGR on a compounded basis
- Tax rate appears low, which may not be sustainable and could compress future net margins if normalized
- 10-year stock CAGR of only 8% suggests long-term wealth creation has been inconsistent despite recent rally
- Debt-to-equity ratio is undisclosed, limiting visibility into the company's leverage and financial risk profile
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Sells Pivot Path stake Jun 27
Strides Pharma sold its majority stake in Pivot Path to Ascent Capital for Rs 1,000 million. Pivot Path will be reclassified as an associate company.
- Unrelated STAR ETF launched Jun 9
BlackRock launched the iShares Space Technologies UCITS ETF under the ticker STAR on Jun 9, 2026, tracking space technology stocks. This is unrelated to Strides Pharma and concerns only a shared ticker symbol in European markets.
TL;DR: A quiet period for Strides Pharma with no material positive or negative catalysts. The Pivot Path divestiture is a minor portfolio restructuring event. The STAR ETF news is unrelated to the company. No clear directional trend emerging from recent newsflow.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 930 | 999 | 1,006 | 1,044 | 1,054 | 1,167 | 1,154 | 1,190 | 1,120 | 1,221 | 1,195 | 1,323 | 1,265 |
| Expenses | 796 | 889 | 876 | 874 | 866 | 983 | 943 | 973 | 902 | 990 | 959 | 1,084 | 1,037 |
| Operating Profit | 134 | 111 | 129 | 169 | 188 | 184 | 210 | 218 | 218 | 231 | 236 | 240 | 228 |
| OPM % | 14% | 11% | 13% | 16% | 18% | 16% | 18% | 18% | 19% | 19% | 20% | 18% | 18% |
| Other Income | 3 | -129 | 60 | -27 | 3,299 | 25 | 4 | -12 | 0 | 18 | 104 | 3 | 68 |
| Interest | 76 | 79 | 70 | 71 | 73 | 74 | 52 | 50 | 47 | 46 | 43 | 42 | 41 |
| Depreciation | 60 | 60 | 49 | 48 | 47 | 48 | 48 | 49 | 49 | 50 | 51 | 53 | 56 |
| PBT | 0 | -157 | 70 | 23 | 3,369 | 86 | 114 | 106 | 122 | 153 | 245 | 148 | 200 |
| Tax % | 3025% | -5% | 23% | 55% | 1% | 16% | 21% | 20% | 13% | 14% | 15% | 13% | 17% |
| Net Profit | -9 | -149 | 54 | 10 | 3,350 | 72 | 90 | 86 | 106 | 132 | 208 | 129 | 165 |
| EPS in Rs | -0.79 | -14.54 | 5.4 | 1.98 | 365 | 7.81 | 9.54 | 8.91 | 10.8 | 13.84 | 21.93 | 13.77 | 17.02 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,196 | 2,861 | 2,755 | 2,845 | 2,178 | 2,752 | 3,316 | 3,070 | 3,688 | 3,890 | 4,565 | 4,859 | 5,004 |
| Expenses | 967 | 2,486 | 2,228 | 2,448 | 1,982 | 2,338 | 2,779 | 3,201 | 3,544 | 3,362 | 3,763 | 3,933 | 4,070 |
| Operating Profit | 229 | 374 | 527 | 398 | 197 | 414 | 537 | -131 | 145 | 528 | 803 | 925 | 935 |
| OPM % | 19% | 13% | 19% | 14% | 9% | 15% | 16% | -4.3% | 3.9% | 14% | 18% | 19% | 19% |
| Other Income | 874 | 63 | 291 | 643 | 303 | -43 | 109 | -112 | 92 | -100 | 3,313 | 124 | 193 |
| Interest | 47 | 168 | 183 | 196 | 79 | 156 | 150 | 177 | 261 | 280 | 249 | 179 | 172 |
| Depreciation | 64 | 131 | 126 | 154 | 117 | 174 | 206 | 233 | 243 | 214 | 192 | 202 | 210 |
| PBT | 992 | 137 | 509 | 690 | 303 | 42 | 289 | -653 | -268 | -65 | 3,675 | 669 | 746 |
| Tax % | 15% | 31% | 12% | 1% | -9% | 27% | 11% | -27% | -21% | 45% | 2% | 14% | — |
| Net Profit | 844 | 95 | 446 | 684 | 330 | 31 | 258 | -474 | -212 | -94 | 3,598 | 575 | 634 |
| EPS in Rs | 142 | 12.15 | 44.71 | 74.25 | 36.27 | 4.06 | 29.93 | -51.25 | -22.44 | -7.68 | 390 | 60.34 | 66.56 |
| Div. Payout % | 76% | 41% | 10% | 3% | 8% | 345% | 8% | 0% | -7% | -33% | 1% | 8% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60 | 89 | 89 | 90 | 90 | 90 | 90 | 90 | 90 | 92 | 92 | 92 |
| Reserves | 1,085 | 2,569 | 2,659 | 2,374 | 2,559 | 2,438 | 2,687 | 2,269 | 2,122 | 2,034 | 2,460 | 3,015 |
| Borrowings | 892 | 3,542 | 3,700 | 2,520 | 3,221 | 2,235 | 2,348 | 3,025 | 3,030 | 2,517 | 1,880 | 1,758 |
| Other Liabilities | 438 | 1,211 | 1,598 | 1,601 | 1,937 | 1,369 | 1,844 | 1,556 | 1,352 | 1,157 | 1,498 | 1,941 |
| Total Liabilities | 2,475 | 7,410 | 8,046 | 6,585 | 7,807 | 6,131 | 6,969 | 6,940 | 6,594 | 5,799 | 5,929 | 6,807 |
| Fixed Assets | 701 | 2,679 | 2,980 | 2,977 | 3,648 | 2,099 | 2,219 | 2,347 | 2,311 | 1,865 | 1,899 | 2,101 |
| CWIP | 171 | 815 | 780 | 620 | 453 | 413 | 447 | 291 | 151 | 162 | 207 | 447 |
| Investments | 630 | 1,341 | 1,525 | 588 | 702 | 549 | 697 | 540 | 490 | 303 | 409 | 291 |
| Other Assets | 972 | 2,576 | 2,762 | 2,400 | 3,005 | 3,070 | 3,605 | 3,762 | 3,642 | 3,470 | 3,414 | 3,967 |
| Total Assets | 2,475 | 7,410 | 8,046 | 6,585 | 7,807 | 6,131 | 6,969 | 6,940 | 6,594 | 5,799 | 5,929 | 6,807 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 83 | 73 | 288 | 187 | 60 | 205 | 481 | -258 | 44 | 701 | 684 | 703 |
| Investing | 50 | -2,205 | -1,222 | 570 | -145 | 1,321 | -522 | -119 | 302 | -150 | -90 | -173 |
| Financing | -421 | 2,944 | 338 | -1,016 | 194 | -1,709 | -16 | 421 | -214 | -693 | -643 | -453 |
| Net Cash Flow | -288 | 812 | -596 | -259 | 110 | -184 | -56 | 45 | 133 | -142 | -48 | 76 |
| Free Cash Flow | -157 | -293 | -386 | -212 | -256 | 58 | 188 | -326 | -43 | 672 | 505 | 291 |
| CFO/OP | 61 | 40 | 66 | 61 | 59 | 60 | 60 | 199 | -30 | 128 | 77 | 84 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 119 | 132 | 132 | 113 | 165 | 124 | 122 | 144 | 129 | 107 | 96 | 97 |
| Inventory Days | 135 | 149 | 209 | 146 | 294 | 254 | 329 | 285 | 257 | 235 | 236 | 305 |
| Days Payable | 153 | 188 | 221 | 188 | 299 | 259 | 323 | 260 | 220 | 178 | 190 | 244 |
| Cash Conversion Cycle | 102 | 92 | 120 | 71 | 160 | 119 | 128 | 168 | 165 | 164 | 141 | 157 |
| Working Capital Days | -91 | 6 | -122 | -4 | -70 | -70 | -22 | -28 | -11 | -19 | 24 | 38 |
| ROCE % | 57% | 8% | 11% | 16% | 2% | 5% | 8% | -5% | 0% | 7% | 15% | 18% |
Documents
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Company Information
Strides Pharma Science Ltd is in the business of development and manufacturing of pharmaceutical products.[1] The company's pharmaceutical products are sold in over 100 countries.[2] The company has always followed an inorganic growth strategy over the years that resulted in foray into new markets, addition of new business segments, therapy segments and manufacturing infrastructure.[3]