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Glaxosmithkline Pharmaceuticals Ltd (GLAXO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500660 NSE: GLAXO Pharmaceuticals & Drugs | Mid Cap | Glaxosmithkline Phar Share Price

₹2,199.90 16.40 (0.75%)

As on 09-Jun'26 12:06

Glaxosmithkline Pharmaceuticals Ltd (GLAXO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500660 NSE: GLAXO Pharmaceuticals & Drugs | Mid Cap | Glaxosmithkline Phar Share Price

₹2,199.90 16.40 (0.75%)

As on 09-Jun'26 12:06

Key Metrics
Valuation Multiples
Market Cap
₹36,990 Cr.
Current Price
₹2,199.9
52-Week Low / High
₹2,155 / 3,500
TTM EPS
₹61.2
TTM Sales
₹3,822 Cr.
Book Value per Share
₹134.8
P/E Ratio
35.71
Lower than its 5-year historical median
Industry PE
46.6
Price to Book (P/B)
16.20
Lower than its 5-year historical median
Price to Sales (P/S)
9.68
Lower than its 5-year historical median
EV/EBITDA
24.47
Lower than its 5-year historical median
Dividend Yield
2.50%
Profitability Efficiency
Return on Equity (ROE)
48.76%
Outperforms industry median
Return on Capital Employed (ROCE)
66.79%
Outperforms industry median
Return on Assets (ROA)
25.40%
Operating Profit Margin
34.4%
Net Profit Margin
27.11%
Gross Profit Margin
34.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
1.93%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
11.2%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
11.69%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,114 Cr.
Equity
₹169.4 Cr.
Face Value
₹10
All Time Low / High
₹20.31 / 3515.95

Glaxosmithkline Pharmaceuticals stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Glaxosmithkline Pharmaceuticals Ltd a good quality company?
Glaxosmithkline Pharmaceuticals Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Glaxosmithkline Pharmaceuticals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Glaxosmithkline Pharmaceuticals Ltd vs industry peers?
Glaxosmithkline Pharmaceuticals Ltd revenue CAGR is 3.06%, compared to the industry median CAGR of 9.13%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Glaxosmithkline Pharmaceuticals Ltd?
Promoters hold 75.00% of the Glaxosmithkline Pharmaceuticals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Glaxosmithkline Pharmaceuticals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.2% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Glaxosmithkline Pharmaceuticals Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 24.4%26.6%32.5%15.8%27.7%37.7%38.1%46.5%67.6%66.8%-
Value Creation
Index
1.21.41.90.41.52.42.43.15.04.9-

Growth Parameters

Sales 2,9082,8713,1283,2242,9263,2783,2523,4543,7493,8223,822
Sales YoY Gr.--1.3%8.9%3.1%-9.3%12.1%-0.8%6.2%8.6%1.9%-
Adj EPS 1820.325.212.425.521.435.138.751.857.261.2
YoY Gr.-13.3%24.1%-50.8%105.6%-16.3%64.2%10.4%33.9%10.4%-
BVPS (₹) 118.5121.4126.3107.587.3157.2102.9105.5116.1134.8134.8
Adj Net
Profit
3043444272104323625946568789691,036
Cash Flow from Ops. 2344734094915788114845821,290903-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.1%5.5%5.5%1.9%
Adj EPS 13.8%17.5%17.7%10.4%
BVPS1.4%9.1%9.4%16.1%
Share Price 2.3% 8.2% 17.1% -35.2%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
14.51720.410.626.217.52737.347.14645.4
Op. Profit
Mgn %
14.417.919.420.820.523.42526.331.534.434.3
Net Profit
Mgn %
10.51213.76.514.81118.31923.425.427.1
Debt to
Equity
00000000000
Working Cap
Days
57359960034013613112711410497150
Cash Conv.
Cycle
249-0713-4-13-12-37-3471

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,9082,8713,1283,2242,9263,2783,2523,4543,7493,822
Operating Expenses + 2,4892,3662,5272,5672,3272,5162,4472,5452,5722,512
Manufacturing Costs136137143141137148129143144132
Material Costs1,3981,2411,3581,3081,2571,3561,2851,3351,3911,351
Employee Cost 483523537629616610595624580607
Other Costs 473464489489318402439443457422
Operating Profit 4195066016575987628049091,1771,309
Operating Profit Margin (%) 14.4%17.6%19.2%20.4%20.4%23.2%24.7%26.3%31.4%34.3%
Other Income + 73551027911176101123146145
Exceptional Items 461829-341-17312-1-144521
Interest 0016422213
Depreciation 26384983796866706766
Profit Before Tax 5115406833064547798368161,2601,406
Tax 174189237213167398229226332370
Profit After Tax 337351445932873816085909281,036
PAT Margin (%) 11.6%12.2%14.2%2.9%9.8%11.6%18.7%17.1%24.7%27.1%
Adjusted EPS (₹)19.920.726.35.521.1100.036.134.854.861.2
Dividend Payout Ratio (%)75.50%84.50%76.10%727%141.90%90%88.80%91.90%98.60%93.20%

Valuation of Glaxosmithkline Phar - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2,0072,0572,1401,8211,4782,6631,7431,7871,9662,283
Share Capital 8585169169169169169169169169
Reserves 1,9221,9731,9701,6511,3092,4941,5741,6171,7972,114
Debt +1100000000
Long Term Debt1100000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables279506406357466579428625708570
Others Liabilities 4,3015,0755,2588451,0671,2781,0229981,2931,337
Total Liabilities 6,5887,6397,8043,0233,0124,5203,1933,4103,9674,190

Fixed Assets

Net Fixed Assets +253323430757386329329320283280
Gross Block2994065591,452601592634663667716
Accumulated Depreciation4683129696215262305343384436
CWIP 6059231,003120133120141433
Investments 000003665188131,1181,392
Inventories426500486483547535460525482458
Trade Receivables171147120100216205192222293273
Cash Equivalents flag 9001,2961,1711,0831,1582,4851,1561,0631,4041,391
Others Assets 4,2334,4494,593480692570517452374364
Total Assets 6,5887,6397,8043,0233,0124,5203,1933,4103,9674,190

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 2344734094905788114845821,290903
PBT 4655226546477232,4768419601,2551,385
Adjustment -46-12-3113-26-1,636-40-45-68-65
Changes in Working Capital -27165-44446120-4661185-98
Tax Paid -161-202-194-180-147-112-265-254-82-319
Cash Flow From Investing Activity + 301-104-153-57418-4068089-46397
Capex -258-385-243-155-421,232-43-28-22-54
Net Investments 472-3352092225-1,812956-144-144317
Others 87616706235175-106181121134
Cash Flow From Financing Activity + -511-307-358-428-696-524-1,543-561-769-737
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1-1000-00000
Interest Paid -0-0-1-4-4-2-1-2-1-3
Dividend Paid -424-254-296-339-677-507-1,525-542-749-714
Others -86-52-61-85-15-16-17-18-19-20
Net Cash Flow 2462-1026300-119-25129475563

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)16.0817.2621.224.7117.4218.3927.5833.4349.4348.76
ROCE (%)24.3926.5632.5415.7627.7437.7238.0646.4967.6466.79
Asset Turnover Ratio0.460.420.410.621.040.950.931.151.121.04
PAT to CFO Conversion(x)0.691.350.925.272.012.130.80.991.390.87
Working Capital Days
Receivable Days18.1019.2015.601218.4021.4020.302022.8024.50
Inventory Days57.905657.6052.6060.1054.9050.9047.5044.6040.60
Payable Days79.20115.40122.50106.50119.50140.70143.10144175172.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Glaxosmithkline Pharmaceuticals Ltd FAQs

The current trading price of Glaxosmithkline Phar on 09-Jun-2026 12:06 is ₹2,199.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Jun-2026 the market cap of Glaxosmithkline Phar stood at ₹36,989.8 Cr

The latest P/E ratio of Glaxosmithkline Phar as of 08-Jun-2026 is 36.56.

The latest P/B ratio of Glaxosmithkline Phar as of 08-Jun-2026 is 16.39.

The 52-week high of Glaxosmithkline Phar is ₹3,500 and the 52-week low is ₹2,155.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Glaxosmithkline Phar is ₹3,790 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Glaxosmithkline Pharmaceuticals Ltd is a good quality company.

The key valuation ratios of Glaxosmithkline Pharmaceuticals Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Glaxosmithkline Pharmaceuticals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Glaxosmithkline Pharmaceuticals Ltd

GlaxoSmithKline (GSK) Pharmaceuticals, a subsidiary of UK-based GSK plc, is a leading global biopharma company bringing together science, technology and talent to deliver impact and get ahead of disease together worldwide. For decades, it has been an important proponent of the ‘Make in India’ vision, delivering pioneering breakthroughs in medicines and vaccines that have prevented diseases and improved the quality of life for millions in the country. 

Its diverse product portfolio spans general medicines, specialty medicines and vaccines, addressing a broad spectrum of healthcare needs. From anti-infectives, pain management and dermatological products to advanced therapies in respiratory, to vaccines for adults and children, it harnesses scientific innovation and data-driven technologies to prevent and treat diseases effectively.

Business area of the company

The company is engaged in research, manufacture and making available a broad range of medicines and vaccines that benefit people. The company’s pharmaceuticals business has a broad portfolio of innovative and established medicines with commercial leadership in anti-infectives and dermatology. Its R&D approach focuses on science related to the immune system, use of genetics and advanced technologies. Meanwhile, its vaccines business has a broad portfolio and innovative pipeline of vaccines to protect people of all ages. The company is the leaders in India in the private segment.

Products of the company

  • Anti-Infectives 
  • Pain Management
  • Hormones
  • Respiratory
  • Dermatologicals
  • Vitamins, Minerals, Nutritional products
  • Vaccines

Awards and recognitions

2017: 

  • Pharma & Medical Devices Summit & Excellence Awards 2017
  • GSK India wins the Gold Award at the TISS - CLO Summit
  • GSK India won the 'Gold award' in the Sales Enablement Category at the Tata Institute of Social Sciences (TISS) - CLO Summit in Mumbai.

2018:

  • GSK ranked among the 50 best companies in India as per People Capital Index (PCI). GSK was conferred this recognition at the HR Leadership Summit 2018.
  • GSK won the OPPI Salesforce Excellence Award 2018. The award recognises its efforts in launching and scaling an innovative, mobile based platform for sales readiness.
  • Tbact bags the Silver award for ‘Brand of the Year - Acute category 2018’ for marketing excellence. This award is a testimony to Teamwork and accountability displayed by each member of the cross functional team associated with Tbact.
  • The company has been recognised as one of the 100 Best Companies for Women by Working Mother and AVTAR. The award was received by members of the Women's Leadership Board.
  • GSK topped the Access to Medicine Index (ATMI) for the sixth time in a row. ATMI is an independent measure of the top 20 pharmaceutical companies’ efforts to improve access to healthcare in developing countries.
  • GSK's Corporate Communication and Government Affairs team was recognised by Reputation Today as the 30 Top Corporate Communication Teams in India.
  • The company has been recognised as one of the 100 Best Companies for Women by Working Mother and AVTAR for the second time in a row. This is an important milestone in its inclusion and diversity journey.
  • GSK has been recognised as the 'Best Workplaces for Women' by Great Places To Work in India. This award celebrates the efforts of the company's Women's Leadership Initiative towards creating an inclusive work environment.

2019:

  • GSK won the 2019 D&I in India Best Practices Awards in the 'Advancement of Women' category by Community Business.
  • GSK won the award for the 'Best Sales and Operations Planning Practice in Pharma' 2019.
  • T-Bact won 'Brand of the Year' award in the acute category for the second consecutive year in 2019 at the 6th AWACS Awards for marketing excellence.

2020: 

  • GSK was recognised as India’s Best Workplaces for Women 2020 by Great Places to Work.
  • GSK was recognised as 100 Best Companies for Women in India 2020 by Working Mother and AVTAR.
2021:

  • GSK recognised as one of the 100 Best Companies for Women in India 2021 by Working Mother and AVTAR.
  • GSK Pharma India recognised as one of India’s Best Workplaces in Health & Wellness 2021 by Great Place to Work.
2022:

  • GSK India conferred the First Runner-up title at the ASSOCHAM (Associated Chambers of Commerce and Industry of India) 3rd Diversity & Inclusion Excellence Awards - 2022 in the Best Employer for Women category.
  • GSK India wins 'Best Sales Onboarding/ Induction Programme' award at the 2nd Annual Sales L&D Summit and Awards 2022.
  • GSK India has been recognised amongst 'India's Best Workplaces in Health & Wellness 2022' by the Great Places to Work Institute.
2023: 

  • Economic Times names GSK India as one of the 'Best Organisations for Women 2023'.
  • GSK India recognised as one of the 'Most Attractive Employers' in 2023 by Universum.
  • GSK India conferred the Bronze award in the ‘CSR Women and Child health’ category at the 7th edition of the CSR Health Impact award 2023.
  • Recognised as 'Progressive Places to Work 2023' by Economic Times (ET) Now.
  • Recognised as 'Top 24 Employers of the Future 2023' by Fortune India and Work Universe.
2024:

  • GSK India has been recognized as the 'Best Organisations for Women 2024' by ET Now.
  • Avtar & Seramount Best Companies for Women in India (BCWI) 2024.
2025:

  • GSK inducted in the BCWI Hall of Fame for featuring in the list for 5 or more years.
  • GSK recognized as a winner in the 2025 Avtar & Seramount BCWI study.
2026:

  • GlaxoSmithKline Pharmaceuticals Ltd. Wins ‘In-House Legal Team of the Year’ at the 6th Annual Corporate Legal Counsel Summit & Awards 2026.

Milestones

  • 1924: Glaxo comes to India as H J Foster and Co.
  • 1947: Secondary manufacturing of pharmaceuticals begins at Glaxo’s Worli plant.
  • 1956: Primary production of vaccines begins at Worli plant.
  • 1968: Glaxo is registered as Limited company.
  • 1972: Scientists at Beecham Research laboratories discover Amoxycillin and launch Amoxil, which eventually becomes a widely used antibiotic.
  • 1981: Augmentin was launched by Beecham to combat a wide range of bacterial infections in children and adults and the antiviral Zovirax was launched by Wellcome for harpes infections.
  • 1983: Glaxo’s Nashik factory commissioned.
  • 1999: Glaxo India completes 75 years in India.
  • 2001: Legal merger of Glaxo India Limited and SmithKline Beecham Pharmaceuticals (India) Limited to form GlaxoSmithKline Pharmaceuticals Limited.
  • 2015: GSK acquired Novartis vaccines business (excluding influenza vaccines).
  • 2016: Launched Priorix- Tetra.
  • 2018: Launched Infanrix Hexa.
  • 2019: Launched Menveo (Quadrivalent Meningococcal Conjugate Vaccine).
  • 2019: The company has launched Spectrum, an employee resource group for raising awareness on LGBT+ among the employees.
  • 2019: Launched a development programme GSK WeLeAP - GSK Women Leadership Action Programme - to develop high potential mid-level women talent.
  • 2021: GSK, PATH and Bharat Biotech sign product transfer agreement to help ensure long-term supply of ground-breaking malaria vaccine.
  • 2022: GSK launches once daily, single inhaler-triple therapy for COPD patients for the first time in India.
  • 2023: GSK launches Shingrix in India- A vaccine for the prevention of shingles in adults aged 50 years and above.
  • 2023: Amitabh Bachchan partners with GSK for shingles awareness and prevention.
  • 2024: GlaxoSmithKline Pharmaceuticals Limited crosses Rs 1000 crore in Revenue from Operations.
  • 2025: GSK forays into Oncology in India with Jemperli and Zejula, Bringing Precision Therapies for Gynaecological Cancers.
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