Case study

GRANULES

GRANULES INDIA LIMITED

Mixed signals1y model +6.0%

Each stock's 10,000-path forecast, rendered as light.

47Score

GRANULES INDIA LIMITED (GRANULES) Stock Analysis & Case Study

Is GRANULES a good buy? The data-driven verdict.

GRANULES INDIA LIMITED (GRANULES) trades at ₹874,on the numbers it mixed signals, a Downstox Snapshot Score of 47/100.

On the numbers, GRANULES INDIA LIMITED (GRANULES) mixed signals, a Downstox Snapshot Score of 47/100, weighing premium at 33.3× earnings, ROE of 13.8%, a 56% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

GRANULES fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹21,654 Cr
Current price
₹874
P/E ratio
33.3×
P/B ratio
4.26×
Book value
₹205
Dividend yield
0.20%
ROCE
15.5%
ROE
13.8%
Piotroski F-Score
6/8

How GRANULES ranks against the 2,373 companies in our screener

Is GRANULES overvalued? GRANULES P/E vs peers

GRANULES trades at 33.3× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

GRANULES share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of GRANULES history (18%/yr drift, 37%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
GRANULES 2027₹578₹927₹1,485+6%
GRANULES 2028₹508₹983₹1,900+12%
GRANULES 2029₹467₹1,042₹2,326+19%
GRANULES 2030₹431₹1,105₹2,832+26%
GRANULES 2031₹410₹1,172₹3,347+34%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability GRANULES goes up, or doubles?

56%
Higher in 1 year
Modelled chance the price is above today in 12 months
64%
Higher in 5 years
Modelled chance the price is above today in 5 years
31%
Doubles in 5 years
Modelled chance of reaching ₹1,748 within 5 years

The bull case for GRANULES

  • GRANULES's return on equity of 13.8% ranks in the 67th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹2,326.

The bear case & risks

  • GRANULES's P/E of 33.3x is lower than 41% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹467.

GRANULES volatility & expected range, how bumpy is the ride?

Over the last 9.8 years GRANULES compounded at 18%/year with annualized volatility of 37%. That volatility implies a 1-year 80% range of ₹578-₹1,485, the honest backbone behind any single price target.

GRANULES price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
6.0%
80% range₹578-₹1,485
P(price ↑)56%
P(price 2×)4%
3-Year Forecast
2029
₹0
Median (P50)
19.3%
80% range₹467-₹2,326
P(price ↑)60%
P(price 2×)21%
5-Year Forecast
2031
₹0
Median (P50)
34.1%
80% range₹410-₹3,347
P(price ↑)64%
P(price 2×)31%

GRANULES price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
GRANULES simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds GRANULES hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the GRANULES price target & forecast page.

GRANULES Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. GRANULES scores 6/8, mixed financial health.

GRANULES MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy GRANULES with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox30.33%3.3×
Zerodha30.44%3.3×
Groww30.36%3.3×
Dhan30.44%3.3×
Kotak NeoCHEAPEST30.30%3.3×
Paytm Money30.48%3.3×
Pocketful30.57%3.3×
Fyers31.25%3.2×
Anand Rathi30.44%3.3×
Bajaj Broking31.00%3.2×
Share India30.35%3.3×

Compare every broker on the GRANULES MTF page.

About GRANULES INDIA LIMITED: sector, index & market-cap context

GRANULES INDIA LIMITED (GRANULES) is a mid-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹21,654 Cr. See more stocks on our screener.

How the GRANULES Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of GRANULES INDIA LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

GRANULES analysis, FAQs

Is GRANULES INDIA LIMITED (GRANULES) a good buy?

On the numbers, GRANULES INDIA LIMITED (GRANULES) mixed signals, a Downstox Snapshot Score of 47/100, weighing premium at 33.3× earnings, ROE of 13.8%, a 56% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is GRANULES overvalued or undervalued?

GRANULES trades at 33.3× earnings, premium versus the ~22× long-run Nifty average.

What is the GRANULES share price target for 2031?

GRANULES's probability-weighted 2031 median target is ₹1,172, with an 80% range of ₹410-₹3,347 (10,000-path Monte-Carlo).

What is the probability GRANULES doubles in 5 years?

The modelled probability of GRANULES reaching ₹1,748 (2×) within 5 years is 31%.

What is the bull case for GRANULES?

GRANULES's return on equity of 13.8% ranks in the 67th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in GRANULES?

GRANULES's P/E of 33.3x is lower than 41% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

More on GRANULES