Shree Ganesh Remedies Ltd Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book

Published 15 Jul 2026 | Pharmaceuticals & Biotechnology | Market Cap: ₹630 Cr

Current revenue is approximately ₹109 crore, with 15-20% from CRAMS projects. FY26 is expected to be a year of consolidation with moderate top-line growth and margin normalization to 24-26% range due to pricing pressures and ramp-up costs.

From Shree Ganesh Remedies Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Price

508

Market Cap

₹630 Cr

P/E Ratio

40.8

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Shree Ganesh Remedies Ltd — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹33 Cr, net profit ₹6 Cr.

Full financials →

📊 Revenue & Sales Performance

  • Current revenue is approximately ₹109 crore, with 15-20% from CRAMS projects.
  • Revenue is expected to double over the next 3-4 years, driven largely by CRAMS and new projects.
  • CRAMS revenue will increase steadily, potentially doubling or tripling in the future.
  • No single project contributes ₹100 crore currently; peak revenues for key projects are around ₹30-35 crore annually.
  • Larger scale projects with volumes above 200-500 metric tons are in the pipeline, supporting growth.
  • FY26 is expected to be a consolidation year with moderate top-line growth and margin normalization.
  • CRAMS commercialization and approvals anticipated to support commercial supplies starting from mid-FY26 onwards.
  • Base business (pharma intermediates and specialty chemicals) projected to grow at mid-teens CAGR over the medium term.
  • Investments in R&D, capacity-building, and new chemistries are aligned with anticipated project demands to support future scale-up.

📈 Profitability & Margins

  • FY26 is expected to be a year of consolidation with moderate top-line growth and margin normalization to 24-26% range due to pricing pressures and ramp-up costs.
  • Revenue growth is projected at a moderate pace rather than drastic increase in FY26.
  • Over the next 3-4 years, revenue is expected to double driven by growth in CRAMS projects and new product commercialization with a targeted CAGR of 20-25%.
  • New large-scale CRAMS projects with high-volume (>200 tons) and customer-specific custom synthesis are key growth drivers.
  • Infrastructure and R&D investments are anticipated to enable accelerated and profitable growth beyond FY26.
  • Profitability will improve as new manufacturing capacities become better utilized and higher margin CRAMS volumes ramp up.
  • EPS growth will follow revenue and margin expansion as commercial supplies from CRAMS projects commence, especially in FY27-29 timeframe.

🏗️ Capital Expenditure Plans

  • The company has invested significantly in R&D, infrastructure, and capacity over the last two years, focusing on projects they anticipate will commercialize in the near future.
  • CapEx remains aggressive with ongoing construction of manufacturing Block 9 near Plant 8, and a new pilot plant near Plant 4 to support advanced chemistries including flow chemistry.
  • Planned CapEx for FY26 is approximately ₹15 crore, mainly for manufacturing blocks and pilot plant.
  • Development of common infrastructure and utilities at the Dahej site is underway to support large-scale CRAMS projects.
  • Expansion at the Ankleshwar site is preferred for manufacturing infrastructure with ample space after acquiring neighboring land.
  • Strategic investment supports new technologies and equipment necessary for complex specialty chemical projects, including flow and other advanced chemistries.
  • A 2.5 MW solar power park was recently commissioned, contributing up to 70% of electricity from renewable sources, underlining commitment to sustainable manufacturing.

💰 Fundraising & Capital Structure

  • There is no mention of any current or planned fundraising through debt or equity in the transcript.
  • The company is funding its strategic investments, including infrastructure and capacity expansions, through internal accruals.
  • The focus is on operational consolidation and capacity building in FY26 with approximate CapEx of around ₹15 crore.
  • No indications were given about raising external capital; emphasis is on financial prudence and using internal resources for growth initiatives.

📋 Order Book & Pipeline

  • The company is actively working on multiple custom synthesis (crams) projects, with 6 projects typically closed in the lab annually.
  • Current crams revenue is approximately 15-20% of total revenue, expected to grow steadily over the next few years.
  • The order book includes projects with peak volumes above 200 metric tons; e.g., agrochemical and Japanese projects targeting 250-500+ metric tons.
  • New innovative multi-step complex products are in development with a few projects expected to generate annual revenues of 30-35+ crore at peak.
  • No single project currently expected to add 100 crore in FY27; growth anticipated through a portfolio of small-to-medium projects.
  • FY26 is seen as a consolidation year with capacity building and approvals underway, preparing for commercial supply ramp-up in FY27-28.
  • The Dahej site is being developed with utilities and infrastructure to support large-scale projects as firm orders materialize.

Key Metrics

Frequently Asked Questions

What were Shree Ganesh Remedies Ltd Q4 FY25 results?

Current revenue is approximately ₹109 crore, with 15-20% from CRAMS projects. FY26 is expected to be a year of consolidation with moderate top-line growth and margin normalization to 24-26% range due to pricing pressures and ramp-up costs.

What is Shree Ganesh Remedies Ltd share price analysis?

Shree Ganesh Remedies Ltd currently shows a neutral. The stock trades at a P/E of 40.8 with a market cap of ₹630 Cr. Investors should review the full earnings analysis for detailed insights.

Is Shree Ganesh Remedies Ltd planning capital expenditure?

The company has invested significantly in R&D, infrastructure, and capacity over the last two years, focusing on projects they anticipate will commercialize in the near future.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

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