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Strides Pharma Science Limited

STAR.BO
61
Drug Manufacturers - Specialty & Generic · Healthcare
Price
₹1020.55
+38.10 (+3.88%)
Market Cap
₹93.76B
Exchange
Bombay Stock Exchange
Winston Score
61
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 29, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Exceptional
Cash Flow
Mixed
Stability
Strong
Valuation
Good
Dividends
Weak

Share count rising — dilution

+2.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 89.7M (2022) → 92.2M (2026)

Winston Score History

The full picture

Strides Pharma Science is an Indian pharmaceutical company that makes generic medicines — affordable versions of brand-name drugs. It focuses on products like capsules, tablets, and oral liquids, selling mainly to pharmacies, hospitals, and distributors. The company is one of India's notable generic drugmakers with a strong presence in regulated markets like the United States, Australia, and parts of Africa.

Strides earns revenue by manufacturing and selling finished-dose generic pharmaceuticals, often through partnerships and its own distribution channels. It operates manufacturing facilities in India and other countries that are approved by regulators like the US FDA. Its competitive edge comes from a broad product portfolio and the ability to file drug approvals across multiple geographies simultaneously. Key growth depends on expanding its US generics pipeline and maintaining regulatory compliance, while pricing pressure in the generic drug market remains an ongoing risk.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.2% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+54.4% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

₹0/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (18%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

38.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

₹0 cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Strides Pharma Science Limited is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
37.2%
Modest — 37.2% gross margin
Profit after running costs
Operating Margin
13.7%
Healthy — 13.7% operating margin
Return on the money invested
ROCE
15.2%
Strong — 15.2% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+8.1%
Steady sales growth (+8.1% YoY)
Profit growth
EPS YoY
+79.4%
Earnings growing fast (+79.4% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
64%
Modest — 64% of profit becomes cash
Spare cash per sale
FCF Margin
4.8%
Thin free cash flow (4.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.54
Conservative — low debt load (0.54)
Covers its interest
Interest Cover
4.24x
Adequate interest coverage (4.2x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
15.3x
Fair value — P/E 15.3

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+0.4
GROWING
Earnings roughly flat

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Dividends

Dividend
Dividend Yield
0.49%
Small dividend — 0.49% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-61.9%
Dividend cut (-61.9% YoY) — warning sign

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