Glenmark Pharmaceuticals logo

Glenmark Pharmaceuticals share price

NSE: GLENMARKBSE: 532296Pharmaceuticals & BiotechnologyMid Cap

Glenmark Pharmaceuticals Limited · Face value ₹1 · Listed Feb 2000
Last close ₹2,300.00up ₹34.30 (1.51%)BSE ₹2,300.35

Share price at the NSE close on 28 Oct 2026. Previous close ₹2,265.70.

28 Oct: open ₹2,268.00, high ₹2,318.00, low ₹2,261.90

52-week range of traded prices to 28 Oct 2026
₹1,792.60Low, 28 Oct 2025₹2,537.60High, 28 Aug 2026
Market cap
₹64,912 Cr176th largest listed
P/E
36.10
P/E without one-offs
17.35
P/B
6.17
Dividend yield
0.11%
ROE
18.6%
ROE without one-offs
38.6%
ROCE
39.8%
Debt to equity
0.00
Volume, NSE
4,55,83040.2% delivered

Glenmark Pharmaceuticals share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+26.7%over a year · Nifty Pharma +19.3% · Nifty 500 −8.8%

Results20-session average 6,42,848 shares a day, 51.3% delivered

About Glenmark Pharmaceuticals

Glenmark Pharmaceuticals Limited, based in Mumbai, develops, makes and sells branded and generic medicines, specialty medicines and over-the-counter products, with a focus on respiratory, dermatology and oncology (cancer) treatments.123 It sells to healthcare professionals, hospitals, government wholesalers, distributors and pharmacies in India, North America, Europe and emerging markets.14

It reports one business segment, pharmaceuticals, and runs it as a base business, an innovation and specialty business, and Ichnos Glenmark Innovation (IGI), a subsidiary that develops cancer antibodies on its own BEAT platform.567 Its consumer brands in India, such as Candid, Scalpe and La Shield, sit in Glenmark Consumer Care Limited, a wholly owned subsidiary.89 It has 11 manufacturing sites, 4 of them approved by the US FDA, and 6 R&D centres, in Sinnar, Taloja, Mahape, Lausanne, New York and Neuchâtel.1011 Its products are exported to more than 80 countries, and it has subsidiaries in North America, Europe, Latin America, Asia-Pacific, the Middle East, Australia and Africa.1112

It was incorporated in 1977, founded by Gracias Saldanha, and listed its shares on NSE and BSE in 2000.1314 In 2019 it spun out its active pharmaceutical ingredients business (the chemicals that make a medicine work), now Alivus Life Sciences, and in 2024 it sold its 75% stake in that company to Nirma Limited.1516 The Saldanha Family Trust, a promoter, held 45.45% of the shares at the end of March 2026; Glenn Saldanha, also a promoter, is Chairman and Managing Director.1718

Glenmark Pharmaceuticals key points

Results

  • In the quarter to Jun 2026, consolidated revenue rose 23.1% to ₹40,185 million. EBITDA (profit before interest, tax, depreciation and amortisation) was ₹8,048 million, a 20.03% margin, and profit after tax ₹4,828 million, an 11.8% margin.19
  • In the year to Mar 2026, consolidated revenue from operations was ₹169,825 million, up 27.5% from ₹133,217 million.20
  • EBITDA that year rose to ₹45,724 million from ₹23,514 million, a 26.9% margin helped by income from licensing ISB 2001, and profit after tax was ₹13,620 million.21
  • It had no debt and a net cash position (cash and investments above borrowings) of ₹11,763 million at the end of March 2026.2223

Market position

  • In India it ranked 13th with a 2.37% market share as of June 2026. It ranked 2nd in dermatology, 3rd in respiratory and 4th in cardiac medicines.24

Where revenue comes from

  • Revenue by region, ₹ million252627
    Itemquarter to Jun 2026quarter to Jun 2025
    India14,32112,399
    North America10,9747,780
    Europe7,4726,678
    Emerging markets7,3045,721
    North America includes deferred ISB 2001 licensing income; without it, the region grew 19.8%.
  • India formulation sales fell 17.0% to ₹37,237 million in the year to Mar 2026, from ₹44,845 million, after a one-time hit that followed the GST change announced in August 2025.28
  • North America revenue rose to ₹71,390 million from ₹30,172 million in the year to Mar 2026, including income from licensing ISB 2001; the underlying business was broadly stable.29

Specialty and partnered brands

  • Ryaltris, its own nasal spray for allergic rhinitis (hay fever), was sold in 57 markets as of June 2026, with applications in more than 90 countries; its secondary sales grew upwards of 40% a year.3031
  • Tevimbra and Brukinsa, cancer medicines sold in India with BeOne Medicines since the quarter to Jun 2025, earned over ₹100 crore in their first 12 months.3233
  • As of June 2026 it had filed for approval of partnered cancer medicines aumolertinib, from Hansoh, in 13 countries and envafolimab in 24 countries.3435

Research and development

  • R&D spending was about ₹10,000 million in the year to Mar 2026, with 964 R&D staff, and it held more than 1,360 patents in March 2026.3637
  • In July 2025, its subsidiary IGI licensed ISB 2001, an antibody in trials for multiple myeloma (a blood cancer), to AbbVie for North America, Europe, Japan and Greater China; Glenmark keeps the rights in emerging markets.38
  • IGI received $700 million upfront in September 2025 and can earn up to $1.225 billion in milestones, plus tiered double-digit royalties on sales.39

What the company expects

  • On its earnings call of 3 Aug 2026, the company said it expects an overall margin of 21% to 22% for the year to Mar 2027.40
  • On its earnings call of 3 Aug 2026, the company said 12% to 15% growth could be assumed for its India business on a consistent basis from here on.41
  • On its earnings call of 3 Aug 2026, the company said branded products in Europe were around 30% of total revenues and should reach about 60% in 5 years; it expected high single-digit European growth in the year to Mar 2027.42
  • On its earnings call of 3 Aug 2026, the company said it expects at least 2 or 3 more US respiratory launches, and aumolertinib's first launch, in the half year to Mar 2027.4234

Recent events

  • On 23 Sep 2026, it announced receiving the US FDA's report on the June 2026 inspection of its Goa plant, with Voluntary Action Indicated status (issues noted, no regulatory action required).43
  • On 10 Sep 2026, India Ratings upgraded its long-term bank loan rating to IND AA+ from IND AA, with a stable outlook.44
  • On 4 Mar 2026, it announced US FDA approval of its generic of the FloVent HFA 44 mcg inhaler, with 180 days of exclusivity once sold.45
  • On 27 Nov 2025, it announced a US FDA inspection report with Voluntary Action Indicated status for its Monroe plant in the US, earlier under a warning letter (a formal notice of violations) from June 2023; manufacturing would restart.46

Litigation and regulatory matters

  • Its US subsidiary and 76 co-defendants face lawsuits alleging generic drug price-fixing. It agreed to settle with direct purchasers for $37.75 million and state attorneys general for $29.628 million, subject to court approval, admitting no liability; on 3 Aug 2026 other plaintiff groups remained.474849
  • In August 2023 its US subsidiary resolved a criminal price-fixing charge over pravastatin under a deferred prosecution agreement (charges dropped if terms are met): $30 million in 6 instalments, 3 paid by Mar 2026, and it stops distributing pravastatin in the US.50
  • On 11 Aug 2026, it agreed to settle Humana's claims in the generic drug price-fixing litigation for $15.28 million, already provided for in its accounts.5147

Last updated

All 51 sources, each with its page
  1. 1. Annual report, 13 Aug 2026, page 269
  2. 2. Annual report, 13 Aug 2026, page 193
  3. 3. Annual report, 13 Aug 2026, page 3
  4. 4. Annual report, 13 Aug 2026, page 33
  5. 5. Annual report, 13 Aug 2026, page 451
  6. 6. Annual report, 13 Aug 2026, page 119
  7. 7. Annual report, 13 Aug 2026, page 260
  8. 8. Annual report, 13 Aug 2026, page 194
  9. 9. Annual report, 13 Aug 2026, page 192
  10. 10. Annual report, 13 Aug 2026, page 107
  11. 11. Annual report, 13 Aug 2026, page 269
  12. 12. Annual report, 13 Aug 2026, page 203
  13. 13. Annual report, 13 Aug 2026, page 261
  14. 14. Annual report, 13 Aug 2026, page 24
  15. 15. Annual report, 13 Aug 2026, page 24
  16. 16. Annual report, 13 Aug 2026, page 25
  17. 17. Annual report, 13 Aug 2026, page 431
  18. 18. Annual report, 13 Aug 2026, page 35
  19. 19. Investor presentation, 31 Jul 2026, page 4
  20. 20. Annual report, 13 Aug 2026, page 192
  21. 21. Annual report, 13 Aug 2026, page 101
  22. 22. Annual report, 13 Aug 2026, page 101
  23. 23. Annual report, 13 Aug 2026, page 103
  24. 24. Earnings call, 3 Aug 2026, page 2
  25. 25. Investor presentation, 31 Jul 2026, page 5
  26. 26. Investor presentation, 31 Jul 2026, page 7
  27. 27. Earnings call, 3 Aug 2026, page 3
  28. 28. Annual report, 13 Aug 2026, page 193
  29. 29. Annual report, 13 Aug 2026, page 194
  30. 30. Earnings call, 3 Aug 2026, page 4
  31. 31. Annual report, 13 Aug 2026, page 33
  32. 32. Annual report, 13 Aug 2026, page 194
  33. 33. Earnings call, 3 Aug 2026, page 9
  34. 34. Earnings call, 3 Aug 2026, page 5
  35. 35. Earnings call, 3 Aug 2026, page 4
  36. 36. Annual report, 13 Aug 2026, page 98
  37. 37. Annual report, 13 Aug 2026, page 99
  38. 38. Annual report, 13 Aug 2026, page 197
  39. 39. Annual report, 13 Aug 2026, page 197
  40. 40. Earnings call, 3 Aug 2026, page 8
  41. 41. Earnings call, 3 Aug 2026, page 9
  42. 42. Earnings call, 3 Aug 2026, page 7
  43. 43. Exchange filing, 23 Sep 2026, page 2
  44. 44. Exchange filing, 11 Sep 2026, page 2
  45. 45. Exchange filing, 4 Mar 2026, page 2
  46. 46. Exchange filing, 27 Nov 2025, page 1
  47. 47. Annual report, 13 Aug 2026, page 449
  48. 48. Annual report, 13 Aug 2026, page 195
  49. 49. Earnings call, 3 Aug 2026, page 13
  50. 50. Annual report, 13 Aug 2026, page 449
  51. 51. Exchange filing, 11 Aug 2026, page 1

Results

Consolidated; ₹ crore.Glenmark Pharmaceuticals quarterly results

Revenue growth, 12 months
+32.9%
Net profit growth, 12 months
+138.4%

Quarter to Jun 2026, against the quarter before

Revenue
₹4,018 Crup 6.57%
Net profit
₹483 Crup 60.24%
Net margin
12.0%

Revenue by quarter

₹3,434 CrSep 24₹3,388 CrDec 24₹3,256 CrMar 25₹3,264 CrJun 25₹6,047 CrSep 25₹3,901 CrDec 25₹3,771 CrMar 26₹4,018 CrJun 26
Peak revenue ₹6,047 Cr, quarter to Sep 2025; lowest ₹3,256 Cr, quarter to Mar 2025

Net profit by quarter, a loss in red

₹354 CrSep 24₹348 CrDec 24₹4.38 CrMar 25₹47 CrJun 25₹610 CrSep 25₹403 CrDec 25₹301 CrMar 26₹483 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue3,4343,3883,2563,2646,0473,9013,7714,018
Net profit354348447610403301483
Net margin10.3%10.3%0.1%1.4%10.1%10.3%8.0%12.0%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, PHARMACEUTICALS, which carries all its revenue.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2024: days before it are of the company before the change.Glenmark Pharmaceuticals PE ratio and valuation

Price to earnings

At or below today's level on 33% of 247 trading days over the last year.

LowestHighest
Its median17.89Industry median28.10
Price to book

At or below today's level on 91% of 1,971 trading days since Nov 2018.

LowestHighest
Its median2.36Industry median2.94
Dividend yield

At or below today's level on 0.1% of 2,440 trading days over the last 10 years.

LowestHighest
Its median0.34%Industry median0.49%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+38.6%+30.0%+6.4%0.2%
3 years+66.4%+66.1%0.0%0.2%
5 years+36.0%+7.0%+26.7%0.4%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2025 and Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Glenmark Pharmaceuticals shareholding pattern

Shareholding by group

  • Promoters46.65%
  • Foreign institutions21.51%
  • Indian institutions17.64%
  • Governments0.04%
  • Individuals and others14.17%
Holder
SALDANHA FAMILY TRUSTPromoter45.44%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I3.83%
AMANSA HOLDINGS PRIVATE LIMITEDForeign portfolio investors, category I2.04%
BLANCHE ELIZABETH SALDANHAPromoter0.39%
GLENN MARIO SALDANHAPromoter0.36%
CHERYLANN MARIA PINTOPromoter0.27%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.62 pts, Indian institutions −0.96 pts, mutual funds −1.15 pts.

Mutual fund holdings

235 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 124 of the 151 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 235 funds holding Glenmark Pharmaceuticals

Bought for the first time
4
Bought again
2
Added
68
Cut
83
Held unchanged
74
Sold out
11
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Glenmark Pharmaceuticals insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade
  • Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Glenmark Pharmaceuticals competitors and peers

Pharmaceuticals, 215 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Glenmark Pharmaceuticals in market cap.Healthcare companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Cipla logoCiplaCIPLA1,10,32338.083.12−0.7%−46.8%8.5%9.7%0.95%
Mankind Pharma logoMankind PharmaMANKIND1,02,84845.745.85+13.3%+28.4%13.7%13.6%0.00%
Aurobindo Pharma logoAurobindo PharmaAUROPHARMA94,63825.492.50+9.1%+9.5%10.5%11.5%0.00%
Lupin logoLupinLUPIN90,21016.324.02+28.2%+49.5%27.9%28.2%0.91%
Alkem Laboratories logoAlkem LaboratoriesALKEM60,61928.104.39+13.4%−5.6%16.7%16.5%1.05%
Biocon logoBioconBIOCON57,153115.391.68+9.8%+28.6%1.8%2.9%0.14%
Abbott India logoAbbott IndiaABBOTINDIA55,83334.5811.69+6.3%+11.2%35.9%39.6%2.50%
Gland Pharma logoGland PharmaGLAND50,31244.574.86+17.6%+46.5%11.6%12.4%0.66%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Glenmark Pharmaceuticals dividend history

Dividend per share, ₹, restated for later splits and bonuses

2Mar 172Mar 182Mar 192.5Mar 202.5Mar 212.5Mar 222.5Mar 232.5Mar 242.5Mar 255Mar 26
Highest ₹5.00 a share, year to Mar 2026.
Ex-dateTypePer share
31 Aug 2026Final₹2.50
3 Oct 2025Interim₹2.50
15 Sep 2025Final₹2.50
13 Sep 2024Final₹2.50
18 Sep 2023Final₹2.50
12 Sep 2022Final₹2.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Glenmark Pharmaceuticals announcements

Glenmark Pharmaceuticals share price by year

Each calendar year to 2025.Glenmark Pharmaceuticals share price history

YearClose at year endChangeHighest closeLowest close
20252,035.20+26.5%2,226.701,278.95
20241,609.10+88.4%1,818.15797.20
2023853.95+101.3%865.40371.15
2022424.15−19.8%525.25352.45
2021528.55+7.1%687.05443.95
2020493.50+42.0%535.50188.10
2019347.45−49.9%692.15274.80
2018693.05+16.5%696.75500.60
2017594.75−33.1%959.35532.15
2016888.45−3.6%965.25691.85
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20262,214.702,275.002,214.602,265.702,252.194,83,37842.3%
26 Oct 20262,135.602,229.002,133.002,225.802,195.849,69,67251.5%
23 Oct 20262,196.002,203.802,101.602,166.602,134.728,92,79752.3%
22 Oct 20262,168.002,218.802,160.302,198.502,195.905,76,61955.3%
21 Oct 20262,216.002,249.802,163.102,194.102,194.595,68,71749.3%
19 Oct 20262,230.102,269.902,200.002,210.202,227.912,85,70242.3%
16 Oct 20262,250.502,266.902,223.702,226.702,243.796,95,42763.0%
15 Oct 20262,242.002,289.502,241.202,250.502,264.344,88,52549.6%
14 Oct 20262,275.002,286.402,242.002,246.002,257.092,57,93644.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
22 Jun 2020Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
12 Mar 2020Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
28 Jan 2009Price move–Between two trading sessions the price moved by a fifth or more. The company's board met on results that day or since the trading day before. Not adjusted for.
10 Sep 2007Split0.5000Each share became 2.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson and managing director and CEO
GLENN MARIO SALDANHA
At the end of the quarter to Jun 2026
NSE symbol
GLENMARK
BSE code
532296
ISIN
INE935A01035
Industry
Pharmaceuticals & Biotechnology
CIN
L24299MH1977PLC019982
Corporate identity number, the registrar of companies' code for it
Incorporated
1977
Registered office
B2, Mahalaxmi Chambers, 22, Bhulabhai Desai Road, Mumbai 400026, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments