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Glenmark Life Sciences Ltd (GLS) Fair Value & Analysis

Healthcare · IN · Market cap ₹133B

GL Glenmark Life Sciences Ltd GLS · BSE
Price₹1,393
Fair Value₹530.72
Upside-61.9%
Quality65/100
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Mixed Growth
Solidly profitable · 19.2% net margin
generates free cash flow
Mixed vs. peers (7/13)
Wide moat 69/100
Evidence: High Range ₹343.97 – ₹766.21 Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated 4 days ago

Share price +20.4% over the past month.

A solid business, but screening 62% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹766.21). The favourable scenario is already priced in.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹343.97 to ₹766.21) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹1,393 ₹343.59 Fair Value ₹530.72 Aug 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹343.59 – ₹1,393 · fair‑value band ₹343.97 – ₹766.21 · the ₹1,393 price screens above the ₹530.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Glenmark Life Sciences Ltd (GLS) currently trades at ₹1,393, while our model-based Fair Value estimate is ₹530.72, implying the stock looks roughly 61.9% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Glenmark Life Sciences Ltd generated revenue of ₹22.0B at a net margin of 19.2%. Revenue declined 14.9% year over year. It earns a return on equity of 17.2%. The stock trades on a trailing P/E of 38.8. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹343.97 (bear case) to ₹766.21 (bull case); at ₹1,393, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at -62%, GLS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹242.80 ₹303.36 ₹872.93 76
Growth DCF ₹281.56 ₹388.17 ₹534.95 72
Gordon GGM ₹206.58 ₹382.41 ₹620.41 70
All 25 models by family
DCF Models
FCF DCF ₹274.74 ₹390.44 ₹557.37 38
Owner Earnings ₹372.17 ₹532.93 ₹764.87 31
5Y Revenue Exit ₹339.97 ₹527.07 ₹760.37 39
5Y EBITDA Exit ₹439.75 ₹706.08 ₹1,007 41
5Y P/E Exit ₹470.72 ₹761.64 ₹1,055 38
10Y Revenue Exit ₹302.46 ₹465.49 ₹672.46 36
10Y EBITDA Exit ₹375.90 ₹587.04 ₹853.88 37
10Y P/E Exit ₹395.32 ₹624.77 ₹889.17 35
Earnings-Based
Graham-Dodd ₹261.32 ₹647.05 ₹838.52 54
PEG = 1.0 ₹117.29 ₹167.55 ₹217.82 46
EPV ₹382.51 ₹442.16 ₹494.36 59
Dividend Discount
Gordon GGM ₹206.58 ₹382.41 ₹620.41 70
DDM Multi-Stage ₹206.58 ₹311.67 ₹426.01 61
Multiples
P/E Multiple ₹634.09 ₹845.45 ₹1,057 63
P/S Multiple ₹468.04 ₹624.05 ₹780.06 58
P/B Multiple ₹489.98 ₹653.30 ₹816.63 55
EV/EBIT ₹671.95 ₹887.74 ₹1,104 53
EV/EBITDA ₹603.52 ₹796.49 ₹989.46 54
EV/Revenue ₹399.03 ₹559.50 ₹719.97 43
Asset-Based
NCAV (Graham) ₹95.17 ₹127.53 ₹190.34 50
Growth DCF
Growth DCF ₹281.56 ₹388.17 ₹534.95 72
Rev-Margin DCF ₹339.97 ₹527.85 ₹730.68 67
Economic Profit
Residual Income ₹242.80 ₹303.36 ₹872.93 76
ROIC Compounder ₹399.48 ₹485.74 ₹579.39 67
Growth Earnings
Growth-Adj P/E ₹485.58 ₹693.69 ₹901.79 68

Widest divergence: Growth Earnings (₹693.69) versus Asset-Based (₹127.53). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹22.0B
Revenue growth (YoY) -14.9%
Net margin 19.2%
Return on equity 17.2%
Free cash flow ₹2.8B FY2024
P/E ratio 38.8
More key figures
Operating margin 23.5%
EPS (TTM) ₹35.92
EPS growth (YoY) -20.0%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 66 · Market factors (momentum, volatility) 81

Profitability 76
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Alivus Life Sciences Limited engages in the development, manufacture, and marketing of non-commoditized active pharmaceutical ingredients for various chronic therapeutic areas in India. The company offers various APIs, such as olmesartan, telmisartan, perindopril, atovaquone, solifenacin, mirabegron, sitagliptin, zonisamide, adapalene, and rosuvastatin.

Full company description

Alivus Life Sciences Limited engages in the development, manufacture, and marketing of non-commoditized active pharmaceutical ingredients for various chronic therapeutic areas in India. The company offers various APIs, such as olmesartan, telmisartan, perindopril, atovaquone, solifenacin, mirabegron, sitagliptin, zonisamide, adapalene, and rosuvastatin. It also provides contract development and manufacturing services to a range of multinational corporations and specialty companies. The company's APIs are used in various therapeutic segments, including cardiovascular disease, central nervous system disorders, diabetes, gastrointestinal health, oncology, pain management, and anti-infectives. It also exports its products to Europe, North America, Latin America, Japan, and internationally. The company was formerly known as Glenmark Life Sciences Limited and changed its name to Alivus Life Sciences Limited in December 2024. The company was incorporated in 2011 and is based in Mumbai, India. Alivus Life Sciences Limited is a subsidiary of Nirma Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Glenmark Life Sciences Ltd reported revenue of ₹21.8B in FY2024 versus ₹15.4B in FY2020, a compound +9.2%/yr. Reported net income was ₹4.7B in FY2024, compounding +10.7%/yr from FY2020.

Growth Quality 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
₹21.8B
Latest YoY
+1.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.0%
Revenue +9.2%/yr
FY20 ₹15.4B
FY21 ₹18.9B
FY22 ₹21.2B
FY23 ₹21.6B
FY24 ₹21.8B
Net income +10.7%/yr
FY20 ₹3.1B
FY21 ₹3.5B
FY22 ₹4.2B
FY23 ₹4.7B
FY24 ₹4.7B

GLS screens 62% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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Cite: Fair Value Calculator (2026). "Glenmark Life Sciences Ltd Fair Value". https://www.fairvalue-calculator.com/stock/GLS

Peer Group

Drug Manufacturers - Specialty & Generic · 625 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 65 · Top 25%
Fair Value upside −62% · Bottom 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth -15% · Bottom 25%
Dividend yield (TTM) 2.1% · Above median

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/E (TTM) 38.8× · Pricier than median
P/B 5.70× · Pricier than 75% of peers
P/S (TTM) 6.03× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 21.6× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 7
FUTURE 0 · sector 20
PAST 69 · sector 24
HEALTH 0 · sector 96
DIVIDEND 41 · sector 32

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.76 ¥25.94 -52%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,944 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹8,500 ₹1,932 -77%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,915 ₹1,163 -76%
PharmaEssentia Corporation 6446 1,440 TWD 233.93 TWD -84%
Cipla Limited CIPLA ₹1,463 ₹1,001 -32%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,167 ₹703.32 -40%
Lupin Limited LUPIN ₹2,281 ₹2,477 +9%
Mankind Pharma Limited MANKIND ₹2,433 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,200 ₹874.79 -27%

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Frequently asked questions

Is Glenmark Life Sciences Ltd (GLS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹530.72 versus a price of ₹1,393, about −62% (overvalued).
What is the fair value of GLS?
Our model-based fair value for Glenmark Life Sciences Ltd is ₹530.72 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,393.
What is the quality score of GLS?
Glenmark Life Sciences Ltd has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Glenmark Life Sciences Ltd (GLS)?
Glenmark Life Sciences Ltd reported trailing-twelve-month revenue of about ₹22.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GLS?
The net profit margin of Glenmark Life Sciences Ltd is about 19.2%, meaning it keeps roughly 19.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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