Sector Alpha Week of 2026-08-14
Sector Alpha — machine-written from the numbers · Data as of 2026-08-14

Bliss GVS Pharma Ltd

BLISSGVS
Pharma - Formulators

Bliss GVS Pharma Ltd's price has outrun its earnings. +206.6% in a year against EPS +52.6% — the market is paying now for delivery later.

The sharpest disagreement: the price moved +206.6% in a year while annual EPS moved +52.6% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a confirmed uptrend (59 weeks in) while the P/E sits at the 100th percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +15.9% year on year, and 113% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Stage
Mixed
partial read
Price
₹519
+206.6% 1Y
P/E
40.1×
100th pctile
of its own 11-year range
Revenue (Jun 26)
₹286 Cr
+38.2% YoY
Profit (Jun 26)
₹51.0 Cr
+15.9% YoY
Operating margin
27.0%
+7.0 pp YoY
ROCE
17%
FY26
Cash conversion
113%
of profit, last 3 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 73% on reported income across 15 comparable periods, so nothing from the second source is placed here — the quarterly PEG curve, the quarterly return curves, the annual return-on-invested-capital overlay, the total-debt and debt-to-equity series and the F-score and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 5 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Bliss GVS Pharma Ltd trades at ₹519, in a confirmed uptrend and 59 weeks into that stage. That is +61.5% against its own 200-day average. It sits at 99% of a 52-week range of ₹128 to ₹524. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks.

Today the stock is in a confirmed uptrend — week 59 of stage 2, confirmed. At ₹519 it trades +61.5% versus its 200-day average and sits at 99% of its 52-week range (₹128–₹524).

Aug 26: ₹519 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+61.5% versus the 200-day line, week 59 of stage 2
Price50-day avg200-day avg
S2S2S4S2₹560₹431₹303₹174₹45.4₹519₹322Aug 23May 24Feb 25Dec 25Aug 26
S2S2S4S2₹560₹431₹303₹174₹45.4₹519₹322Aug 23Feb 25Aug 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (553 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Feb 16Aug 26

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +237% while the NIFTY 500 moved +284% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 3 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Bliss GVS Pharma Ltd trades at 40.1× P/E, about the priciest it has ever traded. Its long-run median P/E is 15.8×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 40.1× is about the priciest it has ever traded, against a long-run median of 15.8× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 40.1× vs a 15.8× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.5-year window; loss-period spikes above 37× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
about the priciest it has ever traded
P/EMedianEPS (TTM) (quarterly)
39.2×₹14.130.9×₹10.522.6×₹7.014.4×₹3.56.1×₹0.0×36.90×₹13Feb 16Oct 18Jun 21Feb 24Aug 26
39.2×₹14.130.9×₹10.522.6×₹7.014.4×₹3.56.1×₹0.0×36.90×₹13Feb 16Jun 21Aug 26
P/E
40.1×
100th percentile of 11y

🚨 Why the multiple sits where it does: over the past year annual EPS moved +52.6% against a +206.6% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +35.9%/yr price move, ~+11.9%/yr came from earnings growth and ~+24.0 pp from the multiple (expanding); over 10y, of the +15.4%/yr price move, ~+4.0%/yr came from earnings growth and ~+11.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 73% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Bliss GVS Pharma Ltd reads as mixed on its fundamental arc. Mixed — growth is normalizing off a hyper-growth base: profit growth has eased from +61.1% at its peak to +25.7% but is still expanding, ROCE lifting at 17.0%. The read is built from 9 quarters across 4 curves, on partial evidence.

Growth, year by year: revenue +14.4% in FY26, profit +50.0% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
51%330%31%221%11%111%−8.8%0.0%−29%−108%%%14.4%50%FY16FY21FY26
51%330%31%221%11%111%−8.8%0.0%−29%−108%%%14.4%50%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue accelerating, profit stabilising
RevenueProfitEPS
22%91%17%58%13%25%8.1%−8.6%3.5%−42%%%20.6%25.7%27.1%Sep 23Dec 24Jun 26
22%91%17%58%13%25%8.1%−8.6%3.5%−42%%%20.6%25.7%27.1%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
17%16%15%13%12%%17%FY23FY24FY26
17%16%15%13%12%%17%FY23FY24FY26
Revenue growth
Rising
latest +20.6% · span +4.8% to +20.6%
Profit growth
Rolling over
latest +25.7% · span −22.5% to +66.7%
EPS growth
Rolling over
latest +27.1% · span −32.7% to +82.2%
ROCE
Rising
latest 17.0% · span 12.0%–17.0%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+14.4%+7.2%+9.9%+5.4%
Profit+50.0%+20.6%+12.8%+3.0%
EPS+52.6%+21.5%+13.0%+4.3%
Share price+206.6%+76.7%+35.9%+15.4%
Revenue YoY (Jun 26)
+38.2%
latest quarter vs a year ago
Profit YoY (Jun 26)
+15.9%
latest quarter vs a year ago
Revenue 10y
5.4%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

70.0/100 — rank 2 of 44 in Pharma - Formulators · 82% evidence confidence

Bliss GVS Pharma Ltd scores 70.0 out of 100 against the 44 companies it is compared with in Pharma - Formulators, ranking 2. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 29.2 + 14.8 + 6.6 + 19.4 = 70. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Bliss GVS Pharma Ltd reported ₹286 Cr of revenue in the Jun 26 quarter, +38.2% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at 5.4% a year. The last full year, FY26, came in at ₹927 Cr. The last four reported quarters add to ₹1,005 Cr.

FY26 revenue came in at ₹927 Cr (+14.4% on the year), capping 10 years at 5.4% compound. The latest quarter (Jun 26) printed ₹286 Cr, +38.2% year on year — the 5th consecutive quarter of year-over-year growth.

FY26 revenue ₹927 Cr (+14.4% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
5.4% a year over 10 years
RevenueYoY growth
1.0k51%75131%50111%250−8.8%0−29%₹ Cr%₹92714.4%FY16FY21FY26
1.0k51%75131%50111%250−8.8%0−29%₹ Cr%₹92714.4%FY16FY21FY26
Jun 26: ₹286 Cr (+38.2% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
5th straight quarter of growth
Revenue (quarterly)YoY growth
30957%23241%15425%779.1%0−6.8%₹ Cr%₹28638.2%Sep 23Dec 24Jun 26
30957%23241%15425%779.1%0−6.8%₹ Cr%₹28638.2%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +20.9% growth against the decade's 5.4% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +20.6% over the last 4 quarters against +12.4%/yr over the last 8 — accelerating; TTM profit +25.7% vs +26.3%/yr — stabilising.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Bliss GVS Pharma Ltd's operating margin is 27.0% in the Jun 26 quarter, +7.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 16.0% to 29.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 27.0%, +7.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 16.0%–29.0%.

Why the margin moved: operating margin went +6.8 pp year on year while gross margin went +4.2 pp — the gain came mostly from the gross line: input costs and pricing.

FY26: 18.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a 16.0–29.0% band over 13 years
operating marginYoY change (pp)
30%4.8%26%1.9%23%−1.0%19%−3.9%15%−6.8%%%18%2%FY14FY20FY26
30%4.8%26%1.9%23%−1.0%19%−3.9%15%−6.8%%%18%2%FY14FY20FY26
Jun 26: 27.0% operating margin (+7.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
28%12%24%6.7%19%1.3%14%−4.1%9.7%−9.5%%%27%7%Sep 23Dec 24Jun 26
28%12%24%6.7%19%1.3%14%−4.1%9.7%−9.5%%%27%7%Sep 23Dec 24Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Bliss GVS Pharma Ltd earned ₹51.0 Cr of net profit in the Jun 26 quarter, +15.9% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹135 Cr. The 10-year compound rate is 3.0%. That is 17.8% of the quarter's revenue. The same quarter a year earlier earned ₹44.0 Cr.

Jun 26 profit was ₹51.0 Cr, +15.9% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹135 Cr (+50.0%), and the 10-year compound rate is 3.0%.

FY26 profit ₹135 Cr (+50.0% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
3.0% a year over 10 years
Net profitYoY growth
146259%109171%7383%36−5.1%0−93%₹ Cr%₹13550%FY16FY21FY26
146259%109171%7383%36−5.1%0−93%₹ Cr%₹13550%FY16FY21FY26
Jun 26: ₹51.0 Cr (+15.9% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Net profit (quarterly)YoY growth
55148%3937%23−75%7−186%−9−297%₹ Cr%₹5115.9%Sep 23Dec 24Jun 26
55148%3937%23−75%7−186%−9−297%₹ Cr%₹5115.9%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +38.2% and the margin +7.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +35.3% vs revenue +20.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 113% of Bliss GVS Pharma Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹139 Cr of operating cash against ₹135 Cr of profit. After ₹71.0 Cr of capital spending, ₹68.0 Cr was left as free cash.

FY26: operating cash of ₹139 Cr against reported profit of ₹135 Cr, leaving free cash of ₹68.0 Cr after ₹71.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 113% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹139 Cr vs profit ₹135 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
113% of 3-year profit arrived as cash
Operating cashNet profitFree cash
31721511310−92₹ Cr₹139₹135₹68FY16FY21FY26
31721511310−92₹ Cr₹139₹135₹68FY16FY21FY26
FY26: CFO = 103% of profit (three-year rate 113%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
322%241%160%79%0.0%%103%FY16FY21FY26
322%241%160%79%0.0%%103%FY16FY21FY26

Why conversion sits at 113%: the cash cycle tightened 77 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 1.9× depreciation over three years, so the next section's job is to check what that build-out is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Bliss GVS Pharma Ltd's cash conversion cycle runs 244 days in FY26, down from 321 days in FY21. Capital spending ran ₹171 Cr over the last 3 years. At FY26 sales of ₹927 Cr each day of that cycle holds about ₹2.5 Cr, so roughly ₹620 Cr sits inside the business at any moment.

FY26: debtors at 204 days, inventory at 129 days — roughly 4.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 244 days, tighter than FY21's 321.

The full loop: cash goes out to suppliers and production on day 0; stock waits 129 days to sell; customers pay about 204 days after that; and suppliers themselves are paid at 89 days — netting out to the 244-day cycle.

In money terms: at FY26 sales of ₹927 Cr, each day of the cycle holds about ₹2.5 Cr — so the 244-day loop keeps roughly ₹620 Cr sitting inside the business at any moment.

FY26: a 244-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−77 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
34326318410424days244d129d204d89dFY14FY17FY20FY23FY26
34326318410424days244d129d204d89dFY14FY20FY26

On the investment side: capital spending of ₹171 Cr over the last 3 fiscal years against ₹88.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹6.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹71.0 Cr, work-in-progress ₹6.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
11747−24−94−164₹ Cr₹71₹6FY16FY18FY21FY23FY26
11747−24−94−164₹ Cr₹71₹6FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Bliss GVS Pharma Ltd earns a ROCE of 17% in FY26. That is up from a trough of 12% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 14.6% net margin on 0.62× asset turns.

FY26 ROCE is 17%, recovered from a FY21 trough of 12% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 14.6% net margin × 0.62× asset turns × 1.25× balance-sheet leverage ≈ 11.3% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

FY26: ROCE 17% Return on capital employed by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY21's 12%
ROCEWACC
33%27%22%16%10%%17%FY14FY17FY20FY23FY26
33%27%22%16%10%%17%FY14FY20FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 73% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Bliss GVS Pharma Ltd carries ₹22.0 Cr of borrowings against ₹1,193 Cr of equity in FY26, a debt-to-equity of 0.02. Operating profit covers the interest bill 14×. Over 5 years borrowings went from ₹122 Cr to ₹22.0 Cr. Capital spending ran ₹171 Cr across the last 3 of those years.

FY26: borrowings of ₹22.0 Cr against equity of ₹1,193 Cr — a debt-to-equity of 0.02. Operating profit covers the interest bill 14×. Over 5 years borrowings went from ₹122 Cr to ₹22.0 Cr while capital spending ran ₹171 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

FY26: borrowings ₹22.0 Cr at 0.02× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 13-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
debt is falling while the business grows
BorrowingsDebt-to-equity
2430.6×1820.5×1220.3×610.1×00.0×₹ Cr×₹220.02×FY14FY17FY20FY23FY26
2430.6×1820.5×1220.3×610.1×00.0×₹ Cr×₹220.02×FY14FY20FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 73% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 5.2 points of Bliss GVS Pharma Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 8.1% of the company. Domestic institutions moved +2.9 points over the same window, to 9.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −5.2 points over 8 quarters to 8.1%; Domestic institutions: +2.9 points over 8 quarters to 9.5%; Promoters: +0.1 points over 8 quarters to 35.0%.

Why the register moved: rotation — foreign institutions −5.2 points against domestic institutions +2.9 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

Fiscal-year ends: promoters +0.4 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
53%40%27%14%1.5%%35.4%10.4%5.0%49.1%Mar 24Mar 25Mar 26
53%40%27%14%1.5%%35.4%10.4%5.0%49.1%Mar 24Mar 25Mar 26
Foreign institutions cut 5.2 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
53%40%27%14%1.5%%35.0%8.1%9.5%47.5%Jun 23Dec 24Jun 26
53%40%27%14%1.5%%35.0%8.1%9.5%47.5%Jun 23Dec 24Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Bliss GVS Pharma Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Pharma - Formulators
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Kwality Pharmaceuticals Ltd539997 75.3/100Favorable setup82% evidence LEADER 31.2/35 Revenue 35.7% · PAT 71.8% · OPM change 3 pp 95% evidence 17.8/25 ROCE 24.1% · OPM 25% 76% evidence 6.4/20 P/E 43.7× · PEG — 50% evidence 19.9/20 RS sector 85.6% · RS bench 118.9% · 1Y 204.1%12 of 12 weeks ahead 100% evidence
Exact sum: 31.2 + 17.8 + 6.4 + 19.9 = 75.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Bliss GVS Pharma Ltdthis pageBLISSGVS 70.0/100Favorable setup82% evidence LEADER 29.2/35 Revenue 20.6% · PAT 25.7% · OPM change 7 pp 95% evidence 14.8/25 ROCE 16.9% · OPM 27% 76% evidence 6.6/20 P/E 40.1× · PEG — 50% evidence 19.4/20 RS sector 68.7% · RS bench 97.8% · 1Y 192.6%12 of 12 weeks ahead 100% evidence
Exact sum: 29.2 + 14.8 + 6.6 + 19.4 = 70 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Lupin LtdLUPIN 69.6/100Favorable setup93% evidence ASLEEP 29.9/35 Revenue 28.2% · PAT 49.2% · OPM change 2 pp 100% evidence 19.1/25 ROCE 29.9% · OPM 30% 100% evidence 16.3/20 P/E 17.2× · PEG 0.54 65% evidence 4.3/20 RS sector -18.4% · RS bench -0.2% · 1Y 16.5%0 of 12 weeks ahead 100% evidence
Exact sum: 29.9 + 19.1 + 16.3 + 4.3 = 69.6 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -18.4% and the one-year return is 16.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
4Glenmark Pharmaceuticals LtdGLENMARK 69.3/100Favorable setup100% evidence ASLEEP 31.0/35 Revenue 32.9% · PAT 100% · OPM change 2 pp 100% evidence 18.1/25 ROCE 39.8% · OPM 20% 100% evidence 12.9/20 P/E 21× · PEG 1.43 100% evidence 7.3/20 RS sector -11.2% · RS bench 8.5% · 1Y 14.8%1 of 12 weeks ahead 100% evidence
Exact sum: 31 + 18.1 + 12.9 + 7.3 = 69.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Emcure Pharmaceuticals LtdEMCURE 66.3/100Favorable setup75% evidence LEADER 26.8/35 Revenue 18.4% · PAT 32.2% · OPM change 1 pp 95% evidence 18.2/25 ROCE 24% · OPM 21% 76% evidence 9.9/20 P/E 35.6× · PEG — 15% evidence 11.4/20 RS sector 0% · RS bench 21.7% · 1Y 39.4%11 of 12 weeks ahead 100% evidence
Exact sum: 26.8 + 18.2 + 9.9 + 11.4 = 66.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
6Corona Remedies LtdCORONA 65.4/100Favorable setup73% evidence BREAKING OUT 23.3/35 Revenue 18% · PAT 19.3% · OPM change 2 pp 100% evidence 20.3/25 ROCE 33.3% · OPM 22% 100% evidence 11.8/20 P/E 61.6× · PEG 1.18 65% evidence 10.0/20 RS sector — · RS bench — · 1Y —9 of 12 weeks ahead 0% evidence
Exact sum: 23.3 + 20.3 + 11.8 + 10 = 65.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Rubicon Research LtdRUBICON 62.3/100Mixed-positive evidence73% evidence BREAKING OUT 24.4/35 Revenue 46.8% · PAT 91.4% · OPM change 2 pp 100% evidence 21.8/25 ROCE 28.4% · OPM 24% 100% evidence 6.1/20 P/E 93× · PEG 2.46 65% evidence 10.0/20 RS sector — · RS bench — · 1Y —12 of 12 weeks ahead 0% evidence
Exact sum: 24.4 + 21.8 + 6.1 + 10 = 62.3 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
8Ipca Laboratories LtdIPCALAB 62.0/100Mixed-positive evidence82% evidence FADING 26.6/35 Revenue 10.6% · PAT 68% · OPM change 6 pp 95% evidence 15.8/25 ROCE 17% · OPM 24% 76% evidence 11.1/20 P/E 32× · PEG — 50% evidence 8.5/20 RS sector -7.6% · RS bench 12.7% · 1Y 25.1%6 of 12 weeks ahead 100% evidence
Exact sum: 26.6 + 15.8 + 11.1 + 8.5 = 62 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Accent Microcell LtdACCENTMIC 61.8/100Mixed-positive evidence63% evidence LEADER 17.6/35 Revenue — · PAT — · OPM change -1 pp 26% evidence 17.8/25 ROCE 24.9% · OPM 16% 95% evidence 9.3/20 P/E 31.9× · PEG — 50% evidence 17.1/20 RS sector 27.2% · RS bench 53.2% · 1Y 94.9%12 of 12 weeks ahead 100% evidence
Exact sum: 17.6 + 17.8 + 9.3 + 17.1 = 61.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Ajanta Pharma LtdAJANTPHARM 61.7/100Mixed-positive evidence100% evidence BREAKING OUT 21.7/35 Revenue 20.2% · PAT 22.2% · OPM change -1 pp 100% evidence 19.4/25 ROCE 34.5% · OPM 26% 100% evidence 5.6/20 P/E 40.4× · PEG 2.31 100% evidence 15.0/20 RS sector 3.5% · RS bench 26.1% · 1Y 41%7 of 12 weeks ahead 100% evidence
Exact sum: 21.7 + 19.4 + 5.6 + 15 = 61.7 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
11Caplin Point Laboratories LtdCAPLIPOINT 60.7/100Mixed-positive evidence100% evidence LEADER 19.4/35 Revenue 15% · PAT 19.6% · OPM change 0 pp 100% evidence 17.6/25 ROCE 24.6% · OPM 35% 100% evidence 9.8/20 P/E 28.3× · PEG 1.52 100% evidence 13.9/20 RS sector -0.8% · RS bench 20.9% · 1Y 17.5%12 of 12 weeks ahead 100% evidence
Exact sum: 19.4 + 17.6 + 9.8 + 13.9 = 60.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Marksans Pharma LtdMARKSANS 58.0/100Mixed-positive evidence87% evidence BREAKING OUT 26.3/35 Revenue 19.6% · PAT 48% · OPM change 9 pp 100% evidence 15.6/25 ROCE 18.8% · OPM 25% 100% evidence 6.3/20 P/E 29.2× · PEG 2.85 65% evidence 9.8/20 RS sector -18.1% · RS bench 64.2% · 1Y 57.9%11 of 11 weeks ahead 70% evidence
Exact sum: 26.3 + 15.6 + 6.3 + 9.8 = 58 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Wockhardt LtdWOCKPHARMA 55.8/100Mixed-positive evidence74% evidence LEADER 25.1/35 Revenue 18.4% · PAT 100% · OPM change 11 pp 74% evidence 5.2/25 ROCE 7.5% · OPM 21% 100% evidence 8.9/20 P/E 78.8× · PEG — 15% evidence 16.6/20 RS sector 3.4% · RS bench 25.4% · 1Y 31.3%12 of 12 weeks ahead 100% evidence
Exact sum: 25.1 + 5.2 + 8.9 + 16.6 = 55.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14RPG Life Sciences LtdRPGLIFE 53.6/100Mixed-positive evidence93% evidence LEADER 12.0/35 Revenue 11.9% · PAT -34.1% · OPM change 1 pp 100% evidence 17.4/25 ROCE 25.7% · OPM 22% 100% evidence 11.0/20 P/E 39.4× · PEG 1.43 65% evidence 13.2/20 RS sector -1.9% · RS bench 20% · 1Y 18.9%11 of 12 weeks ahead 100% evidence
Exact sum: 12 + 17.4 + 11 + 13.2 = 53.6 · Decision use: Price leads the evidence: RS versus the benchmark is 20%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
15Zydus Lifesciences LtdZYDUSLIFE 52.9/100Mixed-positive evidence100% evidence LEADER 12.0/35 Revenue 21.1% · PAT -2.5% · OPM change -8 pp 100% evidence 16.5/25 ROCE 21.1% · OPM 24% 100% evidence 14.5/20 P/E 23.3× · PEG 1.23 100% evidence 9.9/20 RS sector -7.2% · RS bench 13.4% · 1Y 21.3%12 of 12 weeks ahead 100% evidence
Exact sum: 12 + 16.5 + 14.5 + 9.9 = 52.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
16Akums Drugs & Pharmaceuticals LtdAKUMS 52.3/100Mixed-positive evidence75% evidence LEADER 13.5/35 Revenue 9.2% · PAT -15.8% · OPM change 2 pp 95% evidence 10.9/25 ROCE 14.9% · OPM 15% 76% evidence 9.7/20 P/E 37.5× · PEG — 15% evidence 18.2/20 RS sector 15.8% · RS bench 40.3% · 1Y 51.3%12 of 12 weeks ahead 100% evidence
Exact sum: 13.5 + 10.9 + 9.7 + 18.2 = 52.3 · Decision use: Price leads the evidence: RS versus the benchmark is 40.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
17ERIS Lifesciences LtdERIS 52.0/100Mixed-positive evidence76% evidence ASLEEP 20.7/35 Revenue 9.6% · PAT 62.2% · OPM change -2 pp 95% evidence 14.3/25 ROCE 14.1% · OPM 34% 76% evidence 11.2/20 P/E 28.7× · PEG — 50% evidence 5.8/20 RS sector -13.9% · RS bench -9.8% · 1Y -21.3%0 of 10 weeks ahead 70% evidence
Exact sum: 20.7 + 14.3 + 11.2 + 5.8 = 52 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Suven Life Sciences LtdSUVEN 51.2/100Mixed-positive evidence67% evidence LEADER 19.9/35 Revenue 25% · PAT -80% · OPM change -997 pp 74% evidence 2.1/25 ROCE -79.5% · OPM — 84% evidence 10.0/20 P/E — · PEG — 0% evidence 19.2/20 RS sector 33.1% · RS bench 60% · 1Y 36.5%12 of 12 weeks ahead 100% evidence
Exact sum: 19.9 + 2.1 + 10 + 19.2 = 51.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19J B Chemicals & Pharmaceuticals LtdJBCHEPHARM 48.2/100Mixed-negative evidence96% evidence 10.8/35 Revenue 5.9% · PAT 7.4% · OPM change -2 pp 88% evidence 20.6/25 ROCE 25.4% · OPM 22% 100% evidence 4.1/20 P/E 53.8× · PEG 2.34 100% evidence 12.7/20 RS sector 1% · RS bench 23.5% · 1Y 42.5%4 of 8 weeks ahead to 2026-07-19 100% evidence
Exact sum: 10.8 + 20.6 + 4.1 + 12.7 = 48.2 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
20Fredun Pharmaceuticals Ltd539730 47.7/100Thin evidence · provisional50% evidence ASLEEP 17.2/35 Revenue — · PAT — · OPM change 0 pp 24% evidence 14.9/25 ROCE 21.3% · OPM 14% 76% evidence 9.1/20 P/E 58.4× · PEG — 15% evidence 6.5/20 RS sector -19% · RS bench 133.6% · 1Y 46.1%0 of 12 weeks ahead 100% evidence
Exact sum: 17.2 + 14.9 + 9.1 + 6.5 = 47.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21Kilitch Drugs (India) LtdKILITCH 47.4/100Mixed-negative evidence87% evidence BREAKING OUT 14.1/35 Revenue 14% · PAT 9.3% · OPM change -1 pp 95% evidence 8.9/25 ROCE 13.4% · OPM 6.5% 95% evidence 14.1/20 P/E 21.1× · PEG — 50% evidence 10.3/20 RS sector -15.6% · RS bench 3.6% · 1Y -19%11 of 12 weeks ahead 100% evidence
Exact sum: 14.1 + 8.9 + 14.1 + 10.3 = 47.4 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
22Lincoln Pharmaceuticals LtdLINCOLN 46.7/100Mixed-negative evidence87% evidence ASLEEP 15.2/35 Revenue 10% · PAT 11.5% · OPM change 0 pp 95% evidence 15.1/25 ROCE 16.3% · OPM 15% 95% evidence 10.1/20 P/E 12.7× · PEG — 50% evidence 6.3/20 RS sector -13.5% · RS bench 5.6% · 1Y 9.1%0 of 12 weeks ahead 100% evidence
Exact sum: 15.2 + 15.1 + 10.1 + 6.3 = 46.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Alkem Laboratories LtdALKEM 46.7/100Mixed-negative evidence82% evidence ASLEEP 14.9/35 Revenue 13.4% · PAT -5.5% · OPM change -2 pp 95% evidence 17.4/25 ROCE 21.2% · OPM 20% 76% evidence 11.9/20 P/E 28.2× · PEG — 50% evidence 2.5/20 RS sector -22.4% · RS bench -4.6% · 1Y 12.7%1 of 12 weeks ahead 100% evidence
Exact sum: 14.9 + 17.4 + 11.9 + 2.5 = 46.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24Sun Pharmaceutical Industries LtdSUNPHARMA 46.1/100Mixed-negative evidence100% evidence FADING 17.3/35 Revenue 11.4% · PAT 16.5% · OPM change -2 pp 100% evidence 17.1/25 ROCE 20.5% · OPM 29% 100% evidence 4.1/20 P/E 36.7× · PEG 3.8 100% evidence 7.6/20 RS sector -12.1% · RS bench 7.7% · 1Y 21.6%5 of 12 weeks ahead 100% evidence
Exact sum: 17.3 + 17.1 + 4.1 + 7.6 = 46.1 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
25Aurobindo Pharma LtdAUROPHARMA 44.8/100Mixed-negative evidence100% evidence FADING 16.8/35 Revenue 9.1% · PAT 9.5% · OPM change 1 pp 100% evidence 12.2/25 ROCE 12.9% · OPM 21% 100% evidence 4.4/20 P/E 24.9× · PEG 2.67 100% evidence 11.4/20 RS sector 1.1% · RS bench 22.8% · 1Y 55.7%10 of 12 weeks ahead 100% evidence
Exact sum: 16.8 + 12.2 + 4.4 + 11.4 = 44.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26Strides Pharma Science LtdSTAR 44.1/100Mixed-negative evidence80% evidence FADING 16.1/35 Revenue 8.1% · PAT 79.1% · OPM change -1 pp 95% evidence 12.9/25 ROCE 18.3% · OPM 18% 95% evidence 11.3/20 P/E 15.4× · PEG — 15% evidence 3.8/20 RS sector -18.3% · RS bench -0.4% · 1Y 20.3%7 of 12 weeks ahead 100% evidence
Exact sum: 16.1 + 12.9 + 11.3 + 3.8 = 44.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27Amrutanjan Health Care LtdAMRUTANJAN 44.0/100Mixed-negative evidence87% evidence ASLEEP 13.5/35 Revenue 10.7% · PAT -1.1% · OPM change -2.9 pp 95% evidence 14.8/25 ROCE 24.8% · OPM 6.1% 95% evidence 14.3/20 P/E 23× · PEG — 50% evidence 1.4/20 RS sector -36.4% · RS bench -21% · 1Y -24.4%0 of 12 weeks ahead 100% evidence
Exact sum: 13.5 + 14.8 + 14.3 + 1.4 = 44 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
28Gufic BioSciences LtdGUFICBIO 43.8/100Mixed-negative evidence94% evidence BREAKING OUT 23.5/35 Revenue 16.6% · PAT 17.7% · OPM change 3 pp 100% evidence 9.6/25 ROCE 12.3% · OPM 18% 100% evidence 2.2/20 P/E 57.6× · PEG 4.78 100% evidence 8.5/20 RS sector -18.5% · RS bench 23% · 1Y 16.9%11 of 11 weeks ahead 70% evidence
Exact sum: 23.5 + 9.6 + 2.2 + 8.5 = 43.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
29Alembic Pharmaceuticals LtdAPLLTD 42.7/100Mixed-negative evidence94% evidence BREAKING OUT 16.8/35 Revenue 14.1% · PAT 14.6% · OPM change -1 pp 100% evidence 8.2/25 ROCE 12.6% · OPM 15% 100% evidence 12.5/20 P/E 21.9× · PEG 1.74 100% evidence 5.2/20 RS sector -24.1% · RS bench -0.6% · 1Y -11.2%1 of 11 weeks ahead 70% evidence
Exact sum: 16.8 + 8.2 + 12.5 + 5.2 = 42.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
30FDC LtdFDC 42.0/100Mixed-negative evidence94% evidence ASLEEP 13.1/35 Revenue 3.5% · PAT 8.2% · OPM change -1 pp 100% evidence 13.5/25 ROCE 16.7% · OPM 21% 100% evidence 11.9/20 P/E 18.7× · PEG 1.98 100% evidence 3.5/20 RS sector -25.2% · RS bench -13.4% · 1Y -25.4%6 of 10 weeks ahead 70% evidence
Exact sum: 13.1 + 13.5 + 11.9 + 3.5 = 42 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
31Mankind Pharma LtdMANKIND 41.8/100Mixed-negative evidence100% evidence ASLEEP 17.0/35 Revenue 14.2% · PAT 8% · OPM change 2 pp 100% evidence 13.7/25 ROCE 13.5% · OPM 26% 100% evidence 5.4/20 P/E 47× · PEG 2.81 100% evidence 5.7/20 RS sector -16.3% · RS bench 2.7% · 1Y -1.7%8 of 12 weeks ahead 100% evidence
Exact sum: 17 + 13.7 + 5.4 + 5.7 = 41.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
32Torrent Pharmaceuticals LtdTORNTPHARM 40.4/100Mixed-negative evidence100% evidence BREAKING OUT 16.8/35 Revenue 32.9% · PAT 7.7% · OPM change 2 pp 100% evidence 14.1/25 ROCE 15.2% · OPM 34% 100% evidence 0.8/20 P/E 82.4× · PEG 5.11 100% evidence 8.7/20 RS sector -5.3% · RS bench 15.4% · 1Y 35.5%7 of 12 weeks ahead 100% evidence
Exact sum: 16.8 + 14.1 + 0.8 + 8.7 = 40.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
33Bafna Pharmaceuticals LtdBAFNAPH 40.2/100Mixed-negative evidence60% evidence 11.6/35 Revenue -3.1% · PAT -5.8% · OPM change -11.3 pp 95% evidence 7.3/25 ROCE 11.9% · OPM 3.4% 76% evidence 9.0/20 P/E 78.3× · PEG — 15% evidence 12.3/20 RS sector — · RS bench 66.4% · 1Y — 25% evidence
Exact sum: 11.6 + 7.3 + 9 + 12.3 = 40.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
34Zim Laboratories LtdZIMLAB 39.4/100Mixed-negative evidence72% evidence LEADER 9.6/35 Revenue 7.5% · PAT -60.6% · OPM change -3.3 pp 71% evidence 6.1/25 ROCE 4.8% · OPM 2.6% 95% evidence 8.5/20 P/E 156× · PEG — 15% evidence 15.2/20 RS sector 6.1% · RS bench 27.8% · 1Y 41.7%11 of 12 weeks ahead 100% evidence
Exact sum: 9.6 + 6.1 + 8.5 + 15.2 = 39.4 · Decision use: Price leads the evidence: RS versus the benchmark is 27.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
35Indoco Remedies LtdINDOCO 38.3/100Thin evidence · provisional58% evidence ASLEEP 20.4/35 Revenue 11.9% · PAT 100% · OPM change 5 pp 71% evidence 4.4/25 ROCE 0.9% · OPM 9% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 3.5/20 RS sector -32.2% · RS bench -8.6% · 1Y -24.8%5 of 10 weeks ahead 70% evidence
Exact sum: 20.4 + 4.4 + 10 + 3.5 = 38.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
36Natco Pharma LtdNATCOPHARM 37.6/100Mixed-negative evidence100% evidence ASLEEP 3.0/35 Revenue -20.8% · PAT -32.5% · OPM change -18 pp 100% evidence 13.8/25 ROCE 17.1% · OPM 25% 100% evidence 19.0/20 P/E 14.1× · PEG 0.76 100% evidence 1.8/20 RS sector -22.1% · RS bench -4.6% · 1Y -0.5%0 of 12 weeks ahead 100% evidence
Exact sum: 3 + 13.8 + 19 + 1.8 = 37.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
37Biocon LtdBIOCON 37.5/100Mixed-negative evidence100% evidence FADING 13.6/35 Revenue 9.8% · PAT -36.4% · OPM change 1 pp 100% evidence 7.7/25 ROCE 3.6% · OPM 20% 100% evidence 10.0/20 P/E 93.4× · PEG 0.82 100% evidence 6.2/20 RS sector -13.7% · RS bench 5.6% · 1Y 21.5%7 of 12 weeks ahead 100% evidence
Exact sum: 13.6 + 7.7 + 10 + 6.2 = 37.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
38Bajaj Healthcare LtdBAJAJHCARE 37.2/100Mixed-negative evidence87% evidence TURNING 9.9/35 Revenue 12.3% · PAT -59.1% · OPM change 1 pp 95% evidence 10.4/25 ROCE 11.5% · OPM 17% 95% evidence 11.0/20 P/E 19.7× · PEG — 50% evidence 5.9/20 RS sector -30.3% · RS bench -13.3% · 1Y -26.7%3 of 12 weeks ahead 100% evidence
Exact sum: 9.9 + 10.4 + 11 + 5.9 = 37.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
39Bharat Parenterals Ltd541096 33.9/100Thin evidence · provisional58% evidence FADING 12.5/35 Revenue -11.2% · PAT 16% · OPM change -2.8 pp 71% evidence 4.1/25 ROCE -1.8% · OPM 9.1% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 7.3/20 RS sector -20.9% · RS bench 7.8% · 1Y -2.7%10 of 11 weeks ahead 70% evidence
Exact sum: 12.5 + 4.1 + 10 + 7.3 = 33.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
40Cipla LtdCIPLA 33.0/100Adverse evidence100% evidence ASLEEP 4.7/35 Revenue 1.8% · PAT -37.7% · OPM change -9 pp 100% evidence 11.9/25 ROCE 15.5% · OPM 17% 100% evidence 11.7/20 P/E 32.7× · PEG 1.25 100% evidence 4.7/20 RS sector -19.3% · RS bench -0.5% · 1Y -2.4%5 of 12 weeks ahead 100% evidence
Exact sum: 4.7 + 11.9 + 11.7 + 4.7 = 33 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
41Dr Reddys Laboratories LtdDRREDDY 30.4/100Adverse evidence100% evidence ASLEEP 3.8/35 Revenue -0.9% · PAT -44.6% · OPM change -14 pp 100% evidence 11.7/25 ROCE 13% · OPM 11% 100% evidence 13.5/20 P/E 31.1× · PEG 1.15 100% evidence 1.4/20 RS sector -24.2% · RS bench -6.8% · 1Y -0.9%1 of 12 weeks ahead 100% evidence
Exact sum: 3.8 + 11.7 + 13.5 + 1.4 = 30.4 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
42Influx Healthtech LtdINFLUX 63.6/100Thin evidence · provisional50% evidence FADING 19.3/35 Revenue — · PAT — · OPM change -1 pp 26% evidence 20.8/25 ROCE 40% · OPM 19% 95% evidence 10.0/20 P/E 32.3× · PEG — 15% evidence 13.5/20 RS sector 1.4% · RS bench 23.1% · 1Y 98.2%7 of 12 weeks ahead 70% evidence
Exact sum: 19.3 + 20.8 + 10 + 13.5 = 63.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
43Syncom Healthcare LtdSYNCOM 50.0/100Thin evidence · provisional31% evidence 17.1/35 Revenue -69.4% · PAT 63.5% · OPM change — 16% evidence 6.9/25 ROCE -20.2% · OPM -225.7% 46% evidence 10.0/20 P/E — · PEG — 0% evidence 16.0/20 RS sector 29.1% · RS bench 45.7% · 1Y —9 of 12 weeks ahead to 2021-06-30 70% evidence
Exact sum: 17.1 + 6.9 + 10 + 16 = 50 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
44Sai Parenterals LtdSAIPARENT 37.2/100Thin evidence · provisional38% evidence BREAKING OUT 13.7/35 Revenue — · PAT — · OPM change -1 pp 32% evidence 4.9/25 ROCE 6% · OPM 13.2% 95% evidence 8.6/20 P/E 117× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —5 of 5 weeks ahead 0% evidence
Exact sum: 13.7 + 4.9 + 8.6 + 10 = 37.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Bliss GVS Pharma Ltd's share price today?

Bliss GVS Pharma Ltd trades at ₹519, +206.6% over the past year. The company is valued at ₹5,518 Cr. The stock sits at 99% of its 52-week range of ₹128–₹524, +61.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 59 weeks in. — as of 14 August 2026.

What were Bliss GVS Pharma Ltd's latest quarterly results?

Bliss GVS Pharma Ltd reported revenue of ₹286 Cr and net profit of ₹51.0 Cr for the Jun 26 quarter. Revenue rose 38.2% and profit rose 15.9% year on year. Earnings per share were ₹4.72. The operating margin was 27.0%, 7.0 pp higher than a year earlier. — as of 14 August 2026.

What is Bliss GVS Pharma Ltd's revenue?

Bliss GVS Pharma Ltd reported revenue of ₹286 Cr in the Jun 26 quarter, +38.2% year on year. For the full FY26 fiscal year, revenue was ₹927 Cr (+14.4%). Over the last 10 years revenue compounded at 5.4% a year. — as of 14 August 2026.

What is Bliss GVS Pharma Ltd's profit?

Bliss GVS Pharma Ltd earned ₹51.0 Cr of net profit in the Jun 26 quarter, +15.9% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹135 Cr. The operating margin ran 27.0% in the latest quarter. — as of 14 August 2026.

What is Bliss GVS Pharma Ltd's market cap?

Bliss GVS Pharma Ltd's market capitalisation is ₹5,518 Cr at a share price of ₹519. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 14 August 2026.

What is Bliss GVS Pharma Ltd's P/E ratio?

Bliss GVS Pharma Ltd trades at a P/E of 40.1×, at the most expensive it has been in 11 years, against a long-run median of 15.8×. This is a comparison with the stock's own history, not a value call — as of 14 August 2026.

Does Bliss GVS Pharma Ltd pay a dividend?

Yes — Bliss GVS Pharma Ltd's dividend payout was 4% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 14 August 2026.

Is Bliss GVS Pharma Ltd overvalued?

On its own history, Bliss GVS Pharma Ltd looks expensive: its P/E of 40.1× sits at the most expensive it has been in 11 years (long-run median 15.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 14 August 2026.

Is Bliss GVS Pharma Ltd growing?

Yes — Bliss GVS Pharma Ltd is growing: latest-quarter revenue +38.2% year on year, profit +15.9%, and the margin +7.0 pp at 27.0%. The 10-year compound rates are 5.4% (revenue) and 3.0% (profit). The earnings engine currently reads: improving — as of 14 August 2026.

How is Bliss GVS Pharma Ltd performing?

Bliss GVS Pharma Ltd is in a confirmed uptrend, 59 weeks in. Its latest quarter's revenue rose 38.2% and profit rose 15.9% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 14 August 2026.

What stage is Bliss GVS Pharma Ltd in?

Mixed — growth is normalizing off a hyper-growth base: profit growth has eased from +61.1% at its peak to +25.7% but is still expanding, ROCE lifting at 17.0%. The read comes from the last 12 quarters of growth (revenue growth +20.6% latest, profit growth +25.7% latest, eps growth +27.1% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 14 August 2026.

Is Bliss GVS Pharma Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 59 of stage 2), trading +61.5% versus its 200-day average and at 99% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 14 August 2026.

Is Bliss GVS Pharma Ltd beating the market?

On recent form, yes — Bliss GVS Pharma Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +237% against the NIFTY 500's +284% — behind the index over the full window. — as of 14 August 2026.

Will Bliss GVS Pharma Ltd's share price go up?

This page publishes no price forecast for Bliss GVS Pharma Ltd. What it measures instead: the share price is ₹519, the price is in a confirmed uptrend 59 weeks in. Its P/E of 40.1× sits at the 100th percentile of its own 11-year range. — as of 14 August 2026.

Who owns Bliss GVS Pharma Ltd?

Promoters hold 35.0% of Bliss GVS Pharma Ltd, foreign institutions 8.1%, domestic institutions 9.5% and the public 47.5% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 5.2 points over 8 quarters. — as of 14 August 2026.

Does Bliss GVS Pharma Ltd have too much debt?

No — Bliss GVS Pharma Ltd's debt-to-equity is 0.02, and operating profit covers the interest bill 14×. FY26 borrowings were ₹22.0 Cr against equity of ₹1,193 Cr. The returns on this page are earned, not borrowed — as of 14 August 2026.

What is Bliss GVS Pharma Ltd's capex?

Bliss GVS Pharma Ltd spent ₹171 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹71.0 Cr, with ₹6.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 14 August 2026.

What is Bliss GVS Pharma Ltd's cash flow?

Bliss GVS Pharma Ltd generated ₹139 Cr of operating cash flow in FY26 and ₹68.0 Cr of free cash flow after ₹71.0 Cr of capital spending. Reported profit that year was ₹135 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 14 August 2026.

Is Bliss GVS Pharma Ltd's profit real cash?

Yes — over the last 3 fiscal years, 113% of Bliss GVS Pharma Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹139 Cr against reported profit of ₹135 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 14 August 2026.

Where is Bliss GVS Pharma Ltd in its business cycle?

Bliss GVS Pharma Ltd's FY26 operating margin was 18.0%, against a 13-year band of 16.0%–29.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 27.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 14 August 2026.

What could break the Bliss GVS Pharma Ltd story?

The sharpest disagreement: the price moved +206.6% in a year while annual EPS moved +52.6% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 14 August 2026.

Is Bliss GVS Pharma Ltd a stock worth studying right now?

This is not investment advice. The machine read: Bliss GVS Pharma Ltd's price has outrun its earnings. +206.6% in a year against EPS +52.6% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 14 August 2026.

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