Bliss GVS Pharma
- P/E
- 48.18
Key Fundamentals
MicrocapPharmaceuticals & BiotechnologyHealthcarePrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 16.90%
- Debt to Equity
- 0.02
- EPS (TTM)
- ₹12.86
- Book Value
- ₹121.29
- Market Cap
- —
- P/E (TTM)
- 48.18
- P/B
- 5.11
- ROE
- 11.80%
- Dividend Yield
- 0.24%
- EBITDA
- ₹238 Cr
- 52W High
- ₹739.90
- 52W Low
- ₹118.00
- Day Range
- ₹601.00 – ₹637.00
- Volume
- 1,84,275
Peer Comparison
Healthcare › Pharmaceuticals
| ₹1,773.40 | 38.81 | ₹4,29,049 Cr | 4.77 | 0.90% | 16.00% | 20.50% | ₹61,631 Cr | ₹10,987 Cr | |
| ₹10,037.50 | 91.10 | ₹2,65,269 Cr | 15.90 | 0.30% | 16.50% | 22.00% | ₹11,230 Cr | ₹2,925 Cr | |
| ₹4,738.50 | 78.61 | ₹1,77,061 Cr | 9.81 | 0.82% | 27.40% | 15.20% | ₹17,400 Cr | ₹2,099 Cr | |
| ₹1,188.10 | 26.44 | ₹1,25,446 Cr | 4.37 | 0.08% | 21.20% | 21.10% | ₹28,592 Cr | ₹4,593 Cr | |
| ₹2,323.80 | 114.81 | ₹1,25,228 Cr | 20.72 | 0.04% | 18.30% | 17.80% | ₹7,270 Cr | ₹1,090 Cr | |
| ₹1,374.00 | 35.59 | ₹1,14,543 Cr | 2.96 | 0.58% | 11.20% | 13.00% | ₹33,228 Cr | ₹3,184 Cr | |
| ₹1,402.00 | 33.59 | ₹1,12,454 Cr | 3.20 | 0.93% | 11.60% | 15.50% | ₹28,324 Cr | ₹3,356 Cr | |
| ₹619.55 | 48.18 | ₹6,695 Cr | 5.11 | 0.24% | 11.80% | 16.90% | ₹1,005 Cr | ₹142 Cr | |
| Median 8 companies | ₹1,587.70 | 43.50 | ₹1,25,337 Cr | 4.94 | 0.44% | 16.25% | 17.35% | ₹22,862 Cr | ₹3,055 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 48
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 51
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 61
- Good
- Sales & profit trajectory 9% weight
- Financial Health
- 83
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 95
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 51
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has reduced debt.
- Company is almost debt free.
Weaknesses
4- Stock is trading at 5.90 times its book value
- The company has delivered a poor sales growth of 9.94% over past five years.
- Company has a low return on equity of 10.2% over last 3 years.
- Company has high debtors of 204 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 8 | 7 | 4 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Bearish
Overall
Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 44.06
- Neutral
- MACD (12,26,9)
- −7.44
- Bearish
- SMA (50)
- 657.09
- Bearish
- SMA (200)
- 413.48
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +5.42% |
|---|---|
| 5Y | +9.95% |
| 3Y | +7.22% |
| 1Y | +14.44% |
| TTM | +20.65% |
Net profit
| 10Y | +3.05% |
|---|---|
| 5Y | +12.78% |
| 3Y | +20.58% |
| 1Y | +50.00% |
| TTM | +25.66% |
Operating cash flow
| 10Y | +2.09% |
|---|---|
| 5Y | +16.78% |
| 3Y | +59.90% |
| 1Y | +31.13% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −10.40 pp |
|---|---|
| 5Y | −0.42 pp |
| 3Y | +2.56 pp |
| 1Y | +2.44 pp |
| TTM | +3.73 pp |
Revenue by year
| Mar 2017 | ₹798 Cr |
|---|---|
| Mar 2018 | ₹815 Cr |
| Mar 2019 | ₹899 Cr |
| Mar 2020 | ₹689 Cr |
| Mar 2021 | ₹577 Cr |
| Mar 2022 | ₹747 Cr |
| Mar 2023 | ₹752 Cr |
| Mar 2024 | ₹770 Cr |
| Mar 2025 | ₹810 Cr |
| Mar 2026 | ₹927 Cr |
Net profit by year
| Mar 2017 | ₹113 Cr |
|---|---|
| Mar 2018 | ₹89.00 Cr |
| Mar 2019 | ₹127 Cr |
| Mar 2020 | ₹95.00 Cr |
| Mar 2021 | ₹74.00 Cr |
| Mar 2022 | ₹23.00 Cr |
| Mar 2023 | ₹77.00 Cr |
| Mar 2024 | ₹82.00 Cr |
| Mar 2025 | ₹90.00 Cr |
| Mar 2026 | ₹135 Cr |
AI Analysis — Bull vs Bear
Bliss GVS Pharma Ltd is a near debt-free pharmaceutical company with a market cap of Rs.5,385 Cr trading at a PE of 39.8x. The stock has delivered a 224% return over the past year driven by a 56% TTM profit growth, though underlying sales growth remains modest at 15% TTM and 5-year CAGR of 10%.
- Company is almost debt-free, having actively reduced its debt, which strengthens the balance sheet and lowers financial risk
- TTM profit growth of 56% indicates a sharp acceleration in earnings relative to the 5-year profit CAGR of 14%
- Stock has delivered a 1-year return of 224%, reflecting strong market re-rating and momentum
- 3-year compounded profit growth of 23% outpaces 3-year sales growth of 7%, suggesting improving operating leverage and margins
- ROE has improved to 12% in the last year from a 3-year average of 10% and 5-year average of 9%, indicating an upward trajectory in capital efficiency
- TTM sales growth of 15% marks an acceleration from the 10-year compounded sales CAGR of just 5%
- 5-year stock CAGR of 35% and 10-year CAGR of 17% demonstrate sustained long-term wealth creation
- PE ratio of 39.8x is elevated for a company with 5-year sales CAGR of only 10%, suggesting the stock may be pricing in optimistic growth assumptions
- Debtor days stand at 204 days, indicating significant working capital locked in receivables and potential collection risk
- Other income of Rs.67.5 Cr forms a material portion of earnings, meaning core operating profit may be lower than headline numbers suggest
- Price-to-book ratio of 4.49x is high relative to the 3-year ROE of only 10.2%, implying the market is paying a premium not fully justified by returns on equity
- 5-year compounded sales growth of approximately 10% and past 5-year reported sales growth of 9.94% remain below peer benchmarks in the pharma sector
- 3-year ROE of 10% is below the 15%+ threshold typically expected of quality compounders in healthcare
- Dividend yield of only 0.3% offers negligible income support to investors at current valuations
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Bliss GVS Pharma is executing well with 18% revenue growth and nearly 50% profit growth in FY26, signaling strong operational leverage. The Anupam Rasayan open offer at ₹299 per share provides a near-term floor and validates strategic value. Leadership transition to a new CEO introduces some execution uncertainty but no visible negatives. The trend is improving, with earnings momentum and potential strategic synergies from the acquisition likely to drive further interest.
- Strong FY26 revenue and profit Jun 23
Consolidated revenue rose 18.26% YoY to ₹1,00,064.26 Lakh in FY26, with net profit surging 49.27% to ₹13,472.77 Lakh. Final dividend of ₹1.00 per share recommended.
- Anupam Rasayan open offer at ₹299 Jun 9
Anupam Rasayan announced an open offer to acquire up to 26.00% of Bliss GVS at ₹299.00 per share (₹829.03 crore), following a share purchase agreement for 43.30% stake.
- New CEO appointed from July 15 Jul 3
Rahul Adakmol appointed CEO effective July 15, 2026, and Santosh Parab as Additional Director. Narsimha Kamath stepped down as CEO.
- 41st AGM set for July 15 Jun 19
Bliss GVS Pharma announced its 41st AGM on July 15, 2026, via video conferencing with ₹1.00 per share final dividend on the agenda.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | 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 | 160 | 212 | 201 | 198 | 184 | 218 | 210 | 198 | 207 | 244 | 218 | 257 | 286 | 313 |
| Expenses | 135 | 158 | 157 | 170 | 149 | 176 | 181 | 177 | 166 | 201 | 183 | 213 | 209 | 233 |
| Operating Profit | 24 | 54 | 44 | 28 | 34 | 41 | 30 | 21 | 41 | 43 | 35 | 44 | 76 | 81 |
| OPM % | 15% | 26% | 22% | 14% | 19% | 19% | 14% | 11% | 20% | 18% | 16% | 17% | 27% | 26% |
| Other Income | 5 | 13 | 5 | −24 | 4 | 5 | 15 | 12 | 35 | 8 | 16 | 11 | 10 | 8 |
| Interest | 1 | 1 | 2 | 2 | 2 | 4 | 1 | 2 | 5 | 3 | 1 | 2 | 1 | 3 |
| Depreciation | 6 | 6 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 9 | 10 | 10 |
| PBT | 22 | 59 | 40 | −4 | 30 | 36 | 36 | 23 | 63 | 41 | 41 | 45 | 75 | 75 |
| Tax % | 34% | 27% | 27% | 24% | 26% | 28% | 29% | 29% | 30% | 30% | 39% | 18% | 32% | 29% |
| Net Profit | 14 | 43 | 29 | −5 | 22 | 26 | 26 | 17 | 44 | 29 | 25 | 37 | 51 | 53 |
| EPS (₹) | 1.41 | 4.05 | 2.64 | −0.87 | 1.97 | 2.31 | 2.26 | 1.47 | 4.08 | 2.58 | 2.2 | 3.36 | 4.72 | — |
Sep 2026: from the results filed on 29 Oct 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 407 | 547 | 798 | 815 | 899 | 689 | 577 | 747 | 752 | 770 | 810 | 927 | 1,005 |
| Expenses | 304 | 391 | 596 | 618 | 739 | 566 | 471 | 629 | 634 | 620 | 683 | 760 | 806 |
| Operating Profit | 103 | 156 | 203 | 197 | 160 | 123 | 107 | 118 | 117 | 151 | 127 | 168 | 199 |
| OPM % | 25% | 29% | 25% | 24% | 18% | 18% | 18% | 16% | 16% | 20% | 16% | 18% | 20% |
| Other Income | 20 | 24 | 12 | −8 | 35 | 26 | 20 | −42 | 18 | 0 | 36 | 67 | 45 |
| Interest | 16 | 19 | 20 | 23 | 4 | 8 | 6 | 5 | 10 | 7 | 8 | 12 | 7 |
| Depreciation | 11 | 13 | 20 | 21 | 9 | 13 | 17 | 17 | 19 | 26 | 29 | 33 | 35 |
| PBT | 96 | 148 | 175 | 145 | 182 | 129 | 104 | 54 | 106 | 117 | 126 | 190 | 202 |
| Tax % | 36% | 32% | 36% | 39% | 30% | 26% | 29% | 57% | 28% | 30% | 28% | 29% | — |
| Net Profit | 61 | 100 | 113 | 89 | 127 | 95 | 74 | 23 | 77 | 82 | 90 | 135 | 142 |
| EPS (₹) | 5.81 | 8 | 7.95 | 5.7 | 11.99 | 9.43 | 6.64 | 1.45 | 6.8 | 7.21 | 8 | 12.21 | 12.86 |
| Div. Payout % | 12% | 6% | 8% | 18% | 8% | 5% | 8% | 34% | 7% | 7% | 6% | 4% | — |
Balance Sheet
₹ Cr| Particulars | 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 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 |
| Reserves | 327 | 402 | 476 | 526 | 636 | 725 | 798 | 808 | 873 | 957 | 1,040 | 1,182 |
| Borrowings | 160 | 132 | 225 | 118 | 102 | 126 | 122 | 109 | 102 | 100 | 88 | 22 |
| Other Liabilities | 166 | 218 | 311 | 206 | 157 | 168 | 147 | 181 | 171 | 145 | 163 | 278 |
| Total Liabilities | 662 | 762 | 1,023 | 860 | 905 | 1,030 | 1,077 | 1,109 | 1,157 | 1,212 | 1,301 | 1,492 |
| Fixed Assets | 234 | 225 | 305 | 143 | 146 | 242 | 234 | 281 | 379 | 370 | 406 | 459 |
| CWIP | 0 | 9 | 4 | 0 | 47 | 0 | 2 | 22 | 3 | 8 | 21 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 8 | 4 | 4 | 5 |
| Other Assets | 428 | 527 | 714 | 717 | 712 | 788 | 840 | 803 | 768 | 830 | 871 | 1,022 |
| Total Assets | 662 | 762 | 1,023 | 860 | 905 | 1,030 | 1,077 | 1,109 | 1,157 | 1,212 | 1,301 | 1,492 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 38 | 113 | 289 | 18 | 40 | 47 | 64 | 135 | 34 | 103 | 106 | 139 |
| Investing | −29 | −50 | −249 | 48 | −79 | −40 | −45 | −103 | −6 | −83 | −75 | −38 |
| Financing | −42 | −40 | −10 | −76 | 17 | −6 | −21 | −24 | −25 | −21 | −30 | −89 |
| Net Cash Flow | −34 | 23 | 30 | −10 | −22 | 0 | −2 | 9 | 3 | −1 | 0 | 11 |
| Free Cash Flow | 5 | 101 | 186 | −7 | 2 | −12 | 55 | 63 | −59 | 75 | 33 | 84 |
| CFO/OP | 45 | 101 | 160 | 29 | −8 | 69 | 87 | 143 | 67 | 91 | 112 | 108 |
Ratios
| Particulars | 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 | 222 | 201 | 116 | 134 | 187 | 290 | 293 | 192 | 187 | 192 | 198 | 204 |
| Inventory Days | 69 | 55 | 50 | 55 | 46 | 64 | 110 | 116 | 94 | 113 | 111 | 129 |
| Days Payable | 165 | 153 | 100 | 55 | 47 | 75 | 82 | 86 | 79 | 58 | 63 | 89 |
| Cash Conversion Cycle | 126 | 102 | 67 | 134 | 186 | 279 | 321 | 221 | 202 | 247 | 246 | 244 |
| Working Capital Days | 105 | 84 | −10 | 135 | 154 | 232 | 264 | 179 | 192 | 207 | 198 | 214 |
| ROCE % | 23% | 31% | 29% | 27% | 26% | 18% | 12% | 14% | 12% | 14% | 12% | 17% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bliss GVS Pharma insights
70 extracted metrics across FY10–FY27.
Documents
- 5 Jun 2026
- 2 Jun 2026
- 11 May 2026
- 8 Apr 2026
- 2 Sep 2025
- General announcements 29 Oct 2026
Frequently Asked Questions about Bliss GVS Pharma
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Company Information
Incorporated in 1984, Bliss GVS Pharma Limited is engaged in manufacturing, marketing, trading and export of pharmaceutical formulations in the form of suppositories, pessaries, capsules, tablets, and syrups.
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