Granules India Limited is engaged in the business of manufacturing pharmaceutical products. The company manufactures high-quality API, FD, PFI and Speciality Products with a focus on customer centricity.
Granules India has six facilities located in Bonthapally, Jeedimetla and Gagillapur (Hyderabad), Visakhapatnam and Chantilly (Virginia).
The company business segments are Active Pharmaceutical Ingredient, Pharmaceutical Formulations Intermediates Catalog and Finished Dosages.
Granules India Ltd. Stock Quote & Charts
306.8
-5.85 (-1.87%)
- Open: 308.05
- High – Low: 314.55 – 306
- Previous Close: 312.65
- Total Traded Value: 1192323
- Updated On: 8/22/2022 4:00 PM
Granules India Buyback Detail
| Issue Period | |
| Security Name | Granules India Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.63 Crores |
| Issue Size (Amount) | ₹250.00 Crores |
| Buyback Price | ₹400 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
Granules India Buyback Issue Timetable
| Offer Opens On | |
| Offer Closes On | |
| Record Date | Aug 23, 2022 |
| Last Date for receipt of Tender Forms | |
| Finalisation of Buyback Acceptance | |
| Last Date for settlment of bids | |
| Last Date for Extinguishment of Shares |
Buyback Ratio
[.]
Company Financials
| Period Ended | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|
| 31-Mar-20 | 2635.2 | 335.4 | 1843.72 |
| 31-Mar-21 | 3264.42 | 549.46 | 2173.27 |
| 31-Mar-22 | 3264.42 | 549.46 | 2173.27 |
| Amount in ₹ Crore |
Stock price at BSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2022 | 313.25 | 269.05 | 295.66 |
| Jun-2022 | 281.9 | 227 | 261.12 |
| May-2022 | 285 | 232.15 | 260.33 |
Stock price at NSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2022 | 313.3 | 268.9 | 295.71 |
| Jun-2022 | 282 | 226.95 | 261.08 |
| May-2022 | 285 | 232.1 | 260.37 |
Necessity of the Issue
The buyback is being undertaken for the following reasons:
1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.
2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders’ value.
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Company Contact Information
Granules India Limited
2nd Floor, 3rd Block,
My Home Hub, Madhapur,
Hyderabad- 500 081 (TG)
Phone: +91 40 69043500
Email: investorrelations@granulesindia.com
Website: https://granulesindia.com/