{"id":290864,"date":"2026-10-07T09:18:31","date_gmt":"2026-10-07T03:48:31","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=290864"},"modified":"2026-10-07T09:18:31","modified_gmt":"2026-10-07T03:48:31","slug":"generic-pharma-exporter-stocks-strong-roadmap","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/","title":{"rendered":"3 Generic Pharma Exporter Stocks With a Strong Future Roadmap: Strides Pharma Science, Granules India and Marksans Pharma"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Strides Rs 1,088.70, P\/E 15.80. Granules India Rs 836.40, P\/E 34.44. Marksans Pharma Rs 324.40, P\/E 28.20. Closing prices of 6 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Generic pharma exporter stocks with the clearest long-term roadmaps today include Strides Pharma Science in generic formulations for regulated markets, mainly the United States, Granules India in paracetamol, active ingredients and finished dosage forms and Marksans Pharma in over-the-counter products and generic formulations for the United Kingdom and United States. FY26 revenue growth was 8.3% at Strides, 19.8% at Granules India and 12.8% at Marksans Pharma. P\/E stands at 15.80 for Strides (industry 37.19), 34.44 for Granules India (industry 37.19) and 28.20 for Marksans Pharma (industry 37.19). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Generic pharma exporter stocks give investors exposure to Indian makers that supply low-cost medicines to regulated markets abroad. Results depend on product approvals, pricing in export markets and plant compliance, which is why margins and cash flow matter as much as headline growth.<\/p>\n<p>This list covers three US generics stocks: Strides Pharma Science for generic formulations for regulated markets, mainly the United States, Granules India for paracetamol, active ingredients and finished dosage forms and Marksans Pharma for over-the-counter products and generic formulations for the United Kingdom and United States. Every figure comes from the latest reported financials and the 6 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=generic-pharma-exporter-stocks-strong-roadmap\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#What_Are_Generic_Pharma_Exporter_Stocks\" title=\"What Are Generic Pharma Exporter Stocks?\">What Are Generic Pharma Exporter Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Generic_Pharma_Exporter_Stocks_at_a_Glance\" title=\"Generic Pharma Exporter Stocks at a Glance\">Generic Pharma Exporter Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Why_Do_Generic_Pharma_Exporter_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Generic Pharma Exporter Stocks Have a Strong Roadmap in India?\">Why Do Generic Pharma Exporter Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Strides_Pharma_Science_US_Generics_and_New_Approvals_Anchor_the_Roadmap\" title=\"Strides Pharma Science: US Generics and New Approvals Anchor the Roadmap\">Strides Pharma Science: US Generics and New Approvals Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Granules_India_Paracetamol_Ingredients_and_Capacity_Drive_the_Pipeline\" title=\"Granules India: Paracetamol, Ingredients and Capacity Drive the Pipeline\">Granules India: Paracetamol, Ingredients and Capacity Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Marksans_Pharma_Over-the-Counter_Products_and_New_Approvals_Build_the_Next_Leg\" title=\"Marksans Pharma: Over-the-Counter Products and New Approvals Build the Next Leg\">Marksans Pharma: Over-the-Counter Products and New Approvals Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Best_Generic_Pharma_Exporter_Stocks_in_India_Strides_vs_Granules_India_vs_Marksans_Pharma_on_Key_Financials\" title=\"Best Generic Pharma Exporter Stocks in India: Strides vs Granules India vs Marksans Pharma on Key Financials\">Best Generic Pharma Exporter Stocks in India: Strides vs Granules India vs Marksans Pharma on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#How_to_Evaluate_Generic_Formulation_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Generic Formulation Stocks to Buy Before You Invest\">How to Evaluate Generic Formulation Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Risks_to_Consider_Before_Investing_in_Generic_Pharma_Exporter_Stocks\" title=\"Risks to Consider Before Investing in Generic Pharma Exporter Stocks\">Risks to Consider Before Investing in Generic Pharma Exporter Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#FAQs_on_Generic_Pharma_Exporter_Stocks\" title=\"FAQs on Generic Pharma Exporter Stocks\">FAQs on Generic Pharma Exporter Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Which_are_the_best_generic_pharma_exporter_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best generic pharma exporter stocks in India with a strong roadmap?\">Which are the best generic pharma exporter stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Is_Strides_Pharma_Science_a_good_stock_to_buy_now\" title=\"Is Strides Pharma Science a good stock to buy now?\">Is Strides Pharma Science a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#What_is_the_PE_ratio_of_Strides_Granules_India_and_Marksans_Pharma\" title=\"What is the P\/E ratio of Strides, Granules India and Marksans Pharma?\">What is the P\/E ratio of Strides, Granules India and Marksans Pharma?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Which_of_these_generic_pharma_exporter_stocks_has_the_highest_return_on_equity\" title=\"Which of these generic pharma exporter stocks has the highest return on equity?\">Which of these generic pharma exporter stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#What_are_the_risks_of_investing_in_generic_pharma_exporter_stocks\" title=\"What are the risks of investing in generic pharma exporter stocks?\">What are the risks of investing in generic pharma exporter stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#How_did_Strides_Granules_India_and_Marksans_Pharma_perform_in_Q1_FY27\" title=\"How did Strides, Granules India and Marksans Pharma perform in Q1 FY27?\">How did Strides, Granules India and Marksans Pharma perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#Do_generic_pharma_exporter_stocks_pay_dividends\" title=\"Do generic pharma exporter stocks pay dividends?\">Do generic pharma exporter stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/generic-pharma-exporter-stocks-strong-roadmap\/#How_can_I_invest_in_generic_pharma_exporter_stocks_in_India\" title=\"How can I invest in generic pharma exporter stocks in India?\">How can I invest in generic pharma exporter stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Generic_Pharma_Exporter_Stocks\"><\/span><strong>What Are Generic Pharma Exporter Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Generic pharma exporter stocks are shares of drug makers that sell generic formulations, over-the-counter products and active ingredients mainly to regulated markets such as the United States and the United Kingdom. Results depend on product approvals, export pricing, plant compliance and operating margin, so a deep product range and clean plants separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Generic_Pharma_Exporter_Stocks_at_a_Glance\"><\/span><strong>Generic Pharma Exporter Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three generic pharma exporter stocks as of the 6 October 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/star\/strides-pharma-science-ltd-share-price-today\">Strides Pharma Science<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,088.70<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,026<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.80<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">37.19<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.90%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.57<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/granules\/granules-india-ltd-share-price-today\">Granules India<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">836.40<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22,808<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.44<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">37.19<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.70%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.30<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/marksans\/marksans-pharma-ltd-share-price-today\">Marksans Pharma<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">324.40<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14,698<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">28.20<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">37.19<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.82%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.11<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among US generics stocks, all three trade below their industry P\/E multiples.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Generic_Pharma_Exporter_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Generic Pharma Exporter Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Generic pharma exporter stocks have a strong roadmap in India because export markets keep opening to generics, new approvals add products and makers keep expanding capacity. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Generic demand abroad:<\/strong> Health systems in regulated markets keep switching to lower-cost generics.<\/li>\n<li><strong>New approvals:<\/strong> Each new approval widens the product range sold abroad.<\/li>\n<li><strong>Capacity expansion:<\/strong> New plants and lines support higher volumes.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Strides_Pharma_Science_US_Generics_and_New_Approvals_Anchor_the_Roadmap\"><\/span><strong>Strides Pharma Science: US Generics and New Approvals Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Strides&#8217; roadmap rests on generic formulations for regulated markets, with new product approvals and capacity expansion supporting export growth.<\/p>\n<p>Revenue grew from Rs 3,202.24 crore in FY22 to Rs 5,009.40 crore in FY26, a 56.4% rise, and FY26 revenue was 8.3% higher than FY25. FY26 net profit rose 40.3% to Rs 574.52 crore. In Q1 FY27, revenue grew 12.6% to Rs 1,270.30 crore, and net profit rose 56.7% to Rs 165.49 crore. Operating margin was 21.60% in FY26 and 23.44% in Q1 FY27 against 19.50% a year earlier.<\/p>\n<p>Debt to equity is 0.57 and return on equity is 17.90%. FY26 operating cash flow was Rs 702.52 crore against capital expenditure of Rs 417.94 crore. Strides paid a dividend of Rs 5 per share for FY26, a yield of 0.46%. At a P\/E of 15.80 against an industry P\/E of 37.19, the stock trades below its industry multiple.<\/p>\n<p>What to watch: Net profit was a loss in FY22, FY23 and FY24, and capex rose to Rs 417.94 Cr in FY26 from Rs 118.15 Cr in FY24.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Granules_India_Paracetamol_Ingredients_and_Capacity_Drive_the_Pipeline\"><\/span><strong>Granules India: Paracetamol, Ingredients and Capacity Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Granules&#8217; roadmap rests on paracetamol, active pharmaceutical ingredients and finished dosage forms, with capacity expansion widening its export base.<\/p>\n<p>Revenue grew from Rs 3,782.53 crore in FY22 to Rs 5,385.97 crore in FY26, a 42.4% rise, and FY26 revenue was 19.8% higher than FY25. FY26 net profit rose 18.6% to Rs 595.02 crore. Over four years, net profit rose from Rs 412.76 crore in FY22 to Rs 595.02 crore. In Q1 FY27, revenue grew 20.6% to Rs 1,479.04 crore, and net profit rose 59.8% to Rs 179.96 crore. Operating margin was 22.28% in FY26 and 23.29% in Q1 FY27 against 19.62% a year earlier.<\/p>\n<p>Debt to equity is 0.30 and return on equity is 11.70%. FY26 operating cash flow was Rs 793.25 crore against capital expenditure of Rs 558.21 crore. Granules India paid a dividend of Rs 1.75 per share for FY26, a yield of 0.19%. At a P\/E of 34.44 against an industry P\/E of 37.19, the stock trades below its industry multiple.<\/p>\n<p>What to watch: ROE of 11.70% is the lowest of the three, and capex of Rs 558.21 Cr absorbed most of FY26 operating cash flow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Marksans_Pharma_Over-the-Counter_Products_and_New_Approvals_Build_the_Next_Leg\"><\/span><strong>Marksans Pharma: Over-the-Counter Products and New Approvals Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Marksans&#8217; roadmap rests on over-the-counter products and generic formulations for the United Kingdom and United States, with new approvals widening its range.<\/p>\n<p>Revenue grew from Rs 1,532.69 crore in FY22 to Rs 3,033.47 crore in FY26, a 97.9% rise, and FY26 revenue was 12.8% higher than FY25. FY26 net profit rose 9.8% to Rs 420.06 crore. Over four years, net profit rose from Rs 186.81 crore in FY22 to Rs 420.06 crore. In Q1 FY27, revenue grew 38.5% to Rs 866.20 crore, and net profit rose 173.9% to Rs 159.41 crore. Operating margin was 23.16% in FY26 and 28.36% in Q1 FY27 against 17.06% a year earlier.<\/p>\n<p>Debt to equity is 0.11 and return on equity is 13.82%. FY26 operating cash flow was Rs 458.13 crore against capital expenditure of Rs 130.53 crore. Marksans Pharma paid a dividend of Rs 0.9 per share for FY26, a yield of 0.28%. At a P\/E of 28.20 against an industry P\/E of 37.19, the stock trades below its industry multiple.<\/p>\n<p>What to watch: FY26 net profit growth of 9.8% was slower than the 21.5% of FY25, and ROE is 13.82%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Generic_Pharma_Exporter_Stocks_in_India_Strides_vs_Granules_India_vs_Marksans_Pharma_on_Key_Financials\"><\/span><strong>Best Generic Pharma Exporter Stocks in India: Strides vs Granules India vs Marksans Pharma on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best generic pharma exporter stocks in India, Marksans Pharma leads on FY26 operating margin and Q1 FY27 revenue growth; Strides leads on return on equity and the lowest P\/E. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Strides<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Granules India<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Marksans Pharma<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,009.40<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,385.97<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,033.47<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Revenue growth FY22 to FY26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">56.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">42.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">97.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">574.52<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">595.02<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">420.06<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">40.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating profit margin<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.60%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.28%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.16%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">38.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 net profit growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">56.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">59.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">173.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.90%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.70%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.82%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.80<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.44<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">28.20<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.57<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.30<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.11<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.46%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.19%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.28%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating cash flow (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">702.52<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">793.25<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">458.13<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Exporter earnings follow approvals and pricing, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Generic_Formulation_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Generic Formulation Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen generic pharma exporter stocks and shortlist generic formulation stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which is 37.19 for all three here.<\/li>\n<li>Track operating margin across several quarters, because input costs can move faster than prices.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read operating cash flow against capital expenditure to see how growth is funded.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these generic pharma exporter stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Generic_Pharma_Exporter_Stocks\"><\/span><strong>Risks to Consider Before Investing in Generic Pharma Exporter Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Export pricing:<\/strong> Price pressure in the United States can cut margins.<\/li>\n<li><strong>Plant compliance:<\/strong> Regulatory findings at a plant can delay supplies.<\/li>\n<li><strong>Capex:<\/strong> Granules and Strides raised capex sharply in recent years.<\/li>\n<li><strong>Uneven history:<\/strong> Strides reported losses in FY22, FY23 and FY24.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Strides, Granules India and Marksans Pharma live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three generic formulation stocks cover US generics, paracetamol and active ingredients, and over-the-counter products. Marksans Pharma leads on FY26 operating margin and Q1 FY27 revenue growth; Strides leads on return on equity and the lowest P\/E.<\/p>\n<p>Across US generics stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the generic formulation stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Generic_Pharma_Exporter_Stocks\"><\/span><strong>FAQs on Generic Pharma Exporter Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_generic_pharma_exporter_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best generic pharma exporter stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Strides Pharma Science, Granules India and Marksans Pharma stand out for their roadmaps in generic formulations and active ingredients for export. FY26 revenue growth was 8.3% at Strides, 19.8% at Granules India and 12.8% at Marksans Pharma, and return on equity ranges from 11.70% to 17.90%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Strides_Pharma_Science_a_good_stock_to_buy_now\"><\/span><strong>Is Strides Pharma Science a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Strides Pharma Science has a debt to equity ratio of 0.57, a return on equity of 17.90% and a P\/E of 15.80 against an industry P\/E of 37.19. Export pricing, plant compliance and capex move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Strides_Granules_India_and_Marksans_Pharma\"><\/span><strong>What is the P\/E ratio of Strides, Granules India and Marksans Pharma?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 15.80 for Strides (industry 37.19), 34.44 for Granules India (industry 37.19) and 28.20 for Marksans Pharma (industry 37.19). All three trade below the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_generic_pharma_exporter_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these generic pharma exporter stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Strides Pharma Science has the highest return on equity at 17.90%, followed by Marksans Pharma at 13.82% and Granules India at 11.70%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_generic_pharma_exporter_stocks\"><\/span><strong>What are the risks of investing in generic pharma exporter stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are export price pressure, plant compliance findings, heavy capex and an uneven profit history. Strides reported losses in FY22, FY23 and FY24, and Granules&#8217; ROE is 11.70%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Strides_Granules_India_and_Marksans_Pharma_perform_in_Q1_FY27\"><\/span><strong>How did Strides, Granules India and Marksans Pharma perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Strides Pharma Science reported revenue of Rs 1,270.30 crore, up 12.6% year on year, and net profit rose 56.7% to Rs 165.49 crore. Granules India reported revenue of Rs 1,479.04 crore, up 20.6% year on year, and net profit rose 59.8% to Rs 179.96 crore. Marksans Pharma reported revenue of Rs 866.20 crore, up 38.5% year on year, and net profit rose 173.9% to Rs 159.41 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_generic_pharma_exporter_stocks_pay_dividends\"><\/span><strong>Do generic pharma exporter stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, all three companies pay dividends. The dividend yield is 0.46% for Strides, 0.19% for Granules India and 0.28% for Marksans Pharma, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_generic_pharma_exporter_stocks_in_India\"><\/span><strong>How can I invest in generic pharma exporter stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy generic pharma exporter stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best generic pharma exporter stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Strides Pharma Science, Granules India and Marksans Pharma stand out for their roadmaps in generic formulations and active ingredients for export. FY26 revenue growth was 8.3% at Strides, 19.8% at Granules India and 12.8% at Marksans Pharma, and return on equity ranges from 11.70% to 17.90%.\"}},{\"@type\":\"Question\",\"name\":\"Is Strides Pharma Science a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Strides Pharma Science has a debt to equity ratio of 0.57, a return on equity of 17.90% and a P\/E of 15.80 against an industry P\/E of 37.19. Export pricing, plant compliance and capex move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.\"}},{\"@type\":\"Question\",\"name\":\"What is the P\/E ratio of Strides, Granules India and Marksans Pharma?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The P\/E ratio is 15.80 for Strides (industry 37.19), 34.44 for Granules India (industry 37.19) and 28.20 for Marksans Pharma (industry 37.19). All three trade below the industry multiple.\"}},{\"@type\":\"Question\",\"name\":\"Which of these generic pharma exporter stocks has the highest return on equity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Strides Pharma Science has the highest return on equity at 17.90%, followed by Marksans Pharma at 13.82% and Granules India at 11.70%.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in generic pharma exporter stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are export price pressure, plant compliance findings, heavy capex and an uneven profit history. Strides reported losses in FY22, FY23 and FY24, and Granules' ROE is 11.70%.\"}},{\"@type\":\"Question\",\"name\":\"How did Strides, Granules India and Marksans Pharma perform in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Strides Pharma Science reported revenue of Rs 1,270.30 crore, up 12.6% year on year, and net profit rose 56.7% to Rs 165.49 crore. Granules India reported revenue of Rs 1,479.04 crore, up 20.6% year on year, and net profit rose 59.8% to Rs 179.96 crore. Marksans Pharma reported revenue of Rs 866.20 crore, up 38.5% year on year, and net profit rose 173.9% to Rs 159.41 crore.\"}},{\"@type\":\"Question\",\"name\":\"Do generic pharma exporter stocks pay dividends?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, all three companies pay dividends. The dividend yield is 0.46% for Strides, 0.19% for Granules India and 0.28% for Marksans Pharma, based on dividends declared for FY26.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in generic pharma exporter stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can buy generic pharma exporter stocks through a demat and trading account on NSE or BSE after checking each company's financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strides Pharma Science, Granules India and Marksans Pharma compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":35,"featured_media":290863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[9048,9047,9050,9051,9049],"class_list":["post-290864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-generic-formulation-stocks","tag-generic-pharma-exporter-stocks","tag-granules-india","tag-marksans-pharma","tag-strides-pharma-science"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["290863"],"rank_math_title":["Generic Pharma Exporter Stocks: Strides, Granules India and More"],"rank_math_description":["Generic pharma exporter stocks with a strong roadmap: Strides Pharma Science, Granules India and Marksans Pharma compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["generic pharma exporter stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-generic-pharma-exporter-stocks-with-a-strong-future-roadmap-strides-pharma.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/290864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=290864"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/290864\/revisions"}],"predecessor-version":[{"id":290865,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/290864\/revisions\/290865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/290863"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=290864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=290864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=290864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}