Strides Pharma Science (STAR)₹1,002−3.25%Pharmaceuticals
In the Sep 2026 quarter (consolidated), Strides Pharma Science reported sales of ₹1,435 Cr, up 17.1% from Sep 2025, and net profit of ₹133 Cr, up 1.6% year on year. For the year to Mar 2026, sales were ₹4,873 Cr and net profit ₹573 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,010 | 1,049 | 1,057 | 1,172 | 1,158 | 1,194 | 1,124 | 1,225 | 1,199 | 1,327 | 1,270 | 1,435 |
| Expenses | 876 | 874 | 865 | 982 | 942 | 973 | 902 | 989 | 958 | 1,083 | 1,036 | 1,179 |
| Operating Profit | 129 | 169 | 188 | 184 | 209 | 218 | 217 | 230 | 235 | 239 | 228 | 250 |
| OPM % | 12.9% | 16.0% | 17.9% | 16.0% | 18.0% | 18.0% | 19.0% | 18.9% | 20.0% | 17.9% | 17.9% | 18.0% |
| Other Income | 59.93 | −26.98 | 3,297 | 24.99 | 4.01 | −11.99 | 0.00 | 17.98 | 104 | 2.99 | 67.98 | 2.99 |
| Interest | 70.09 | 71.07 | 73.13 | 74.12 | 52.06 | 50.03 | 47.09 | 46.09 | 43.05 | 42.07 | 41.06 | 47.03 |
| Depreciation | 49.18 | 48.16 | 47.14 | 48.12 | 48.13 | 49.18 | 49.15 | 50.13 | 51.19 | 53.20 | 56.17 | 57.15 |
| Profit before tax | 69.89 | 22.96 | 3,367 | 85.82 | 114 | 106 | 122 | 153 | 245 | 148 | 200 | 150 |
| Tax % | 22.9% | 55.0% | 1.0% | 15.9% | 20.9% | 20.0% | 12.9% | 13.9% | 15.0% | 12.9% | 17.0% | 11.0% |
| Exceptional items | 34.96 | −9.98 | 3,269 | −2.99 | −1.99 | −21.97 | −6.99 | −6.99 | −2.99 | −5.99 | 51.94 | −0.99 |
| Net Profit | 53.82 | 9.96 | 3,335 | 71.69 | 89.71 | 85.64 | 106 | 131 | 207 | 128 | 164 | 133 |
| EPS (Rs) | 5.41 | 1.99 | 364.89 | 7.82 | 9.55 | 8.92 | 10.82 | 13.86 | 21.95 | 13.78 | 17.03 | 14.21 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,870 | 2,765 | 2,856 | 2,185 | 2,761 | 3,329 | 3,080 | 3,700 | 3,907 | 4,580 | 4,873 | 5,231 |
| Expenses | 2,485 | 2,228 | 2,447 | 1,981 | 2,336 | 2,778 | 3,198 | 3,541 | 3,361 | 3,762 | 3,930 | 4,257 |
| Operating Profit | 373 | 525 | 397 | 197 | 413 | 536 | −131 | 145 | 526 | 801 | 922 | 953 |
| OPM % | 12.9% | 18.9% | 13.9% | 9.0% | 15.0% | 15.9% | −4.3% | 3.9% | 14.0% | 18.0% | 18.9% | 18.2% |
| Other Income | 62.92 | 291 | 643 | 303 | −42.99 | 109 | −112 | 91.98 | −99.94 | 3,309 | 124 | 178 |
| Interest | 168 | 183 | 196 | 79.13 | 156 | 150 | 177 | 261 | 280 | 249 | 179 | 173 |
| Depreciation | 131 | 126 | 154 | 117 | 175 | 207 | 234 | 244 | 215 | 193 | 203 | 218 |
| Profit before tax | 137 | 508 | 689 | 302 | 41.94 | 288 | −652 | −268 | −64.89 | 3,669 | 668 | 742 |
| Tax % | 31.0% | 12.0% | 1.0% | −9.1% | 27.0% | 11.0% | −27.1% | −21.0% | 45.0% | 2.0% | 13.9% | — |
| Exceptional items | −18.97 | −30.97 | −33.94 | 27.93 | −25.95 | 41.90 | −232 | −12.98 | −219 | 72.90 | −9.99 | 41.97 |
| Net Profit | 94.71 | 444 | 681 | 329 | 30.87 | 257 | −472 | −211 | −93.63 | 3,583 | 573 | 634 |
| EPS (Rs) | 12.16 | 44.72 | 74.35 | 36.32 | 4.07 | 29.97 | −51.31 | −22.47 | −7.69 | 389.93 | 60.35 | 66.97 |
| Dividend payout % | 41.0% | 10.0% | 3.0% | 8.0% | 345.0% | 8.0% | 0.0% | −7.0% | −33.0% | 1.0% | 8.0% | — |
| 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 | 60.23 | 89.30 | 89.31 | 90.36 | 90.30 | 90.35 | 90.36 | 90.36 | 90.30 | 92.31 | 92.30 | 92.27 |
| Reserves | 1,083 | 2,567 | 2,654 | 2,370 | 2,556 | 2,433 | 2,683 | 2,264 | 2,117 | 2,032 | 2,456 | 3,007 |
| Borrowings | 891 | 3,540 | 3,693 | 2,515 | 3,217 | 2,231 | 2,346 | 3,019 | 3,026 | 2,516 | 1,878 | 1,754 |
| Other Liabilities | 440 | 1,217 | 1,606 | 1,609 | 1,946 | 1,376 | 1,853 | 1,563 | 1,359 | 1,163 | 1,505 | 1,950 |
| Total Liabilities | 2,474 | 7,412 | 8,042 | 6,584 | 7,809 | 6,129 | 6,972 | 6,937 | 6,591 | 5,802 | 5,931 | 6,804 |
| Fixed Assets | 701 | 2,681 | 2,979 | 2,976 | 3,648 | 2,099 | 2,220 | 2,345 | 2,310 | 1,865 | 1,898 | 2,101 |
| CWIP | 170 | 812 | 777 | 617 | 452 | 412 | 446 | 290 | 150 | 161 | 206 | 446 |
| Investments | 630 | 1,342 | 1,525 | 588 | 702 | 549 | 697 | 540 | 490 | 303 | 409 | 291 |
| Other Assets | 972 | 2,578 | 2,761 | 2,402 | 3,008 | 3,070 | 3,609 | 3,762 | 3,641 | 3,473 | 3,417 | 3,966 |
| Inventories | 208 | 613 | 733 | 552 | 874 | 784 | 1,202 | 1,174 | 1,147 | 1,127 | 1,278 | 1,635 |
| Trade receivables | 392 | 1,036 | 1,000 | 886 | 990 | 935 | 1,111 | 1,211 | 1,304 | 1,146 | 1,208 | 1,294 |
| Cash & equivalents | 147 | 311 | 328 | 302 | 516 | 236 | 180 | 186 | 315 | 190 | 137 | 212 |
| Total Assets | 2,474 | 7,412 | 8,042 | 6,584 | 7,809 | 6,129 | 6,972 | 6,937 | 6,591 | 5,802 | 5,931 | 6,804 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 82.97 | 72.97 | 288 | 187 | 60.01 | 205 | 481 | −258 | 44.01 | 701 | 683 | 703 |
| Cash from investing activity | 49.94 | −2,201 | −1,220 | 569 | −145 | 1,318 | −521 | −119 | 302 | −150 | −89.87 | −173 |
| Cash from financing activity | −422 | 2,946 | 338 | −1,017 | 194 | −1,712 | −16.01 | 421 | −214 | −694 | −644 | −453 |
| Net cash flow | −289 | 814 | −598 | −260 | 110 | −184 | −56.14 | 45.11 | 134 | −142 | −48.15 | 76.29 |
| Capex | 242 | 369 | 683 | 403 | 329 | 150 | 297 | 143 | 95.02 | 118 | 248 | 418 |
| Free cash flow | −157 | −294 | −388 | −213 | −257 | 58.16 | 189 | −327 | −43.14 | 674 | 507 | 292 |
| CFO / OP % | 61.0% | 39.9% | 66.0% | 61.0% | 59.0% | 60.0% | 60.0% | 199.0% | −30.0% | 128.0% | 77.0% | 84.0% |
| 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 | 120 | 133 | 133 | 114 | 166 | 125 | 123 | 145 | 130 | 108 | 97 | 98 |
| Inventory days | 136 | 150 | 210 | 147 | 295 | 255 | 330 | 286 | 258 | 236 | 237 | 306 |
| 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 % | 57.0% | 8.0% | 11.0% | 16.0% | 2.0% | 5.0% | 8.0% | −5.0% | 0.0% | 7.0% | 15.0% | 18.0% |
For the Sep 2026 quarter, Strides Pharma Science reported sales of ₹1,435 Cr, up 17.1% year on year and net profit of ₹133 Cr, up 1.6% year on year. The operating margin was 18.0%.
Strides Pharma Science's sales for the year to Mar 2026 were ₹4,873 Cr; over the last twelve months they were ₹5,231 Cr.
Net profit for the year to Mar 2026 was ₹573 Cr, and ₹634 Cr over the last twelve months. Earnings per share over the same trailing period were ₹66.97.
Strides Pharma Science reported borrowings of ₹1,754 Cr at Mar 2026, against cash and equivalents of ₹212 Cr.
Cash from operations was ₹703 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹292 Cr.