Granules India (BOM:532482) Cyclically Adjusted PS Ratio: 4.94 (As of Sep. 03, 2026) — 43% Above Median

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BOM:532482 Granules India Ltd BOM:532482
81 GF Score
Price ₹831.25
GF Value ₹645.81
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Granules India Cyclically Adjusted PS Ratio?

Granules India BOM:532482 -0.76% 81 Cyclically Adjusted PS Ratio is 4.94 as of Sep. 03, 2026, which is 43% above its 10-year median of 3.46. GuruFocus rates BOM:532482 with a GF Score™ of 81/100 and a GF Value™ of ₹645.81 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 750 Drug Manufacturers companies, Granules India ranks worse than 76.93% on this metric.

As of today (2026-09-03), Granules India's current share price is ₹831.25. Granules India's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹168.38. Granules India's Cyclically Adjusted PS Ratio for today is 4.94.

The historical rank and industry rank for Granules India's Cyclically Adjusted PS Ratio or its related term are showing as below:

BOM:532482' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.35   Med: 3.46   Max: 5.28
Current: 4.97

During the past years, Granules India's highest Cyclically Adjusted PS Ratio was 5.28. The lowest was 2.35. And the median was 3.46.

BOM:532482's Cyclically Adjusted PS Ratio is ranked worse than
76.93% of 750 companies
in the Drug Manufacturers industry
Industry Median: 2.05 vs BOM:532482: 4.97

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Granules India's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹57.960. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₹168.38 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Granules India  (BOM:532482) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Granules India Cyclically Adjusted PS Ratio Related Terms


Granules India Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Granules India's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Granules India Cyclically Adjusted PS Ratio Chart

Granules India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.07 2.48 3.26 3.38 3.83

Granules India Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.33 3.36 3.79 3.83 4.83

BOM:532482 vs ZTS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Granules India's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Granules India Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Granules India's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Granules India's Cyclically Adjusted PS Ratio falls into.


BOM:532482
81GF Score
Granules India Ltd BOM:532482
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Granules India Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Granules India's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=831.25/168.38
=4.94

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Granules India's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Granules India's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=57.96/167.3573*167.3573
=57.960

Current CPI (Jun. 2026) = 167.3573.

Granules India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 13.344 105.961 21.076
201612 16.003 105.196 25.459
201703 16.178 105.196 25.738
201706 16.413 107.109 25.645
201709 17.031 109.021 26.144
201712 16.188 109.404 24.763
201803 19.720 109.786 30.061
201806 17.763 111.317 26.706
201809 22.749 115.142 33.065
201812 24.720 115.142 35.930
201903 22.236 118.202 31.483
201906 23.384 120.880 32.375
201909 27.458 123.175 37.307
201912 27.597 126.235 36.587
202003 21.413 124.705 28.737
202006 28.777 127.000 37.921
202009 34.402 130.118 44.248
202012 33.940 130.889 43.396
202103 30.479 131.771 38.710
202106 34.149 134.084 42.623
202109 35.675 135.847 43.950
202112 40.017 138.161 48.474
202203 39.992 138.822 48.213
202206 41.000 142.347 48.204
202209 46.158 144.661 53.400
202212 47.014 145.763 53.979
202303 48.696 146.865 55.491
202306 40.742 150.280 45.372
202309 49.095 151.492 54.237
202312 47.397 152.924 51.870
202403 48.170 153.035 52.678
202406 48.720 155.789 52.338
202409 39.448 157.882 41.815
202412 46.747 158.323 49.415
202503 49.359 157.552 52.431
202506 49.796 159.755 52.166
202509 53.331 162.289 54.996
202512 56.786 163.281 58.204
202603 59.507 164.272 60.624
202606 57.960 167.357 57.960

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 4.94 mean?
Granules India (BOM:532482) has a Cyclically Adjusted PS Ratio of 4.94 as of Sep. 03, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Granules India and its competitors. This is 43% above median its historical median of 3.46. Over the past decade, Granules India's Cyclically Adjusted PS Ratio has ranged from 2.35 to 5.28. According to the industry distribution chart, Granules India ranks #577 out of 750 companies in the Drug Manufacturers industry, placing it in the top 76.9%.
Is Granules India's Cyclically Adjusted PS Ratio too high?
Granules India's current Cyclically Adjusted PS Ratio of 4.94 is 43% above median its 10-year median of 3.46. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 5.28. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.05. Granules India's value of 4.94 is 141% above this industry median. Based on the distribution chart, Granules India ranks #577 out of 750 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Granules India has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Granules India's Cyclically Adjusted PS Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Granules India ranks #577 out of 750 companies for Cyclically Adjusted PS Ratio. This places Granules India in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.05. Granules India's value of 4.94 is 141% above this benchmark. Historically, Granules India's own Cyclically Adjusted PS Ratio has ranged from 2.35 to 5.28 over the past decade. While the company's 10-year median is 3.46 vs. the industry median of 2.05, Granules India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 2.05, based on 750 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Granules India's current Cyclically Adjusted PS Ratio of 4.94 is 141% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Granules India and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granules India's current Cyclically Adjusted PS Ratio is 4.94, which is 43% above median its own 10-year median of 3.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granules India stock overvalued right now?
Based on GuruFocus' analysis, Granules India (BOM:532482) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹645.81, compared to a current price of ₹831.25 — trading 28.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.94, which is 43% above median its 10-year median of 3.46 and 141% above the Drug Manufacturers industry median of 2.05. Granules India's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Granules India (BOM:532482), the current Cyclically Adjusted PS Ratio is 4.94 as of Sep. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Granules India (BOM:532482) Overvalued in 2026?

Based on GuruFocus' analysis, Granules India stock appears to be overvalued. The current stock price of ₹831.25 is trading 28.7% above its estimated GF Value™ of ₹645.81. GuruFocus considers Granules India to be Modestly Overvalued.

Key valuation signals for BOM:532482:

  • Cyclically Adjusted PS Ratio: 4.94 (43% above median its 10-year median of 3.46)
  • GF Value™: ₹645.81 vs. price of ₹831.25 (28.7% above fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 141% above the Drug Manufacturers median (#577 of 750)

No single metric tells the full story. See the BOM:532482 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Granules India Business Description

Other Exchanges GRANULES:India
Address Botanical Garden Road, 15th Floor, Granules Tower, Kondapur, Hyderabad, TG, IND, 500084
Granules India Ltd is an India-based pharmaceutical company. The company manufactures active pharmaceutical ingredients, pharmaceutical formulation intermediates, and finished dosages. It has one segment Pharmaceutical products including ingredients and intermediaries. Its primary geographic markets are North America, Latin America, Europe, India, and the Rest of the World. The company generates a majority of its revenue from its business outside India.
81GF Score

Get the complete analysis for BOM:532482

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹831.25
Price
₹645.81
GF Value