{"id":303436,"date":"2026-10-13T09:24:21","date_gmt":"2026-10-13T03:54:21","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=303436"},"modified":"2026-10-13T09:24:21","modified_gmt":"2026-10-13T03:54:21","slug":"vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/","title":{"rendered":"3 Vaccine, Formulation and Pharmacy Chain Stocks With a Strong Future Roadmap: GlaxoSmithKline Pharmaceuticals, Lincoln Pharmaceuticals and Medplus Health Services"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>GSK Pharma Rs 2,531.50, P\/E 40.20. Lincoln Pharma Rs 543.50, P\/E 11.64. Medplus Rs 627.60, P\/E 36.06. Closing prices of 12 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;\">Vaccine, formulation and pharmacy chain stocks with the clearest long-term roadmaps today include GSK Pharma in branded medicines and vaccines, Lincoln Pharma in formulations for India and export markets and Medplus in a pharmacy retail chain across several states. FY26 revenue growth was 1.8% at GSK Pharma, 9.1% at Lincoln Pharma and 12.6% at Medplus. P\/E stands at 40.20 for GSK Pharma (industry 37.59), 11.64 for Lincoln Pharma (industry 37.59) and 36.06 for Medplus (industry 66.59). 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>Vaccine, formulation and pharmacy chain stocks give investors exposure to medicines, vaccines and pharmacy stores that patients use regularly. Prescription growth, store additions and margins decide how much of that demand turns into profit.<\/p>\n<p>This list covers three vaccine, formulation and pharmacy chain stocks: GlaxoSmithKline Pharmaceuticals for branded medicines and vaccines, Lincoln Pharmaceuticals for formulations for India and export markets and Medplus Health Services for a pharmacy retail chain across several states. Every figure comes from the latest reported financials and the 12 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=vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\"><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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#What_Are_Vaccine_Formulation_and_Pharmacy_Chain_Stocks\" title=\"What Are Vaccine, Formulation and Pharmacy Chain Stocks?\">What Are Vaccine, Formulation and Pharmacy Chain 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#Vaccine_Formulation_and_Pharmacy_Chain_Stocks_at_a_Glance\" title=\"Vaccine, Formulation and Pharmacy Chain Stocks at a Glance\">Vaccine, Formulation and Pharmacy Chain 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#Why_Do_Vaccine_Formulation_and_Pharmacy_Chain_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Vaccine, Formulation and Pharmacy Chain Stocks Have a Strong Roadmap in India?\">Why Do Vaccine, Formulation and Pharmacy Chain 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#GlaxoSmithKline_Pharmaceuticals_Branded_Medicines_and_Vaccines_Anchor_the_Roadmap\" title=\"GlaxoSmithKline Pharmaceuticals: Branded Medicines and Vaccines Anchor the Roadmap\">GlaxoSmithKline Pharmaceuticals: Branded Medicines and Vaccines 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#Lincoln_Pharmaceuticals_Formulations_for_India_and_Export_Markets_Build_the_Next_Leg\" title=\"Lincoln Pharmaceuticals: Formulations for India and Export Markets Build the Next Leg\">Lincoln Pharmaceuticals: Formulations for India and Export Markets 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-6\" href=\"https:\/\/univest.in\/blogs-2\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#Medplus_Health_Services_Pharmacy_Retail_Stores_Anchor_the_Roadmap\" title=\"Medplus Health Services: Pharmacy Retail Stores Anchor the Roadmap\">Medplus Health Services: Pharmacy Retail Stores Anchor the Roadmap<\/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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#Best_Vaccine_Formulation_and_Pharmacy_Chain_Stocks_in_India_GSK_Pharma_vs_Lincoln_Pharma_vs_Medplus_on_Key_Financials\" title=\"Best Vaccine, Formulation and Pharmacy Chain Stocks in India: GSK Pharma vs Lincoln Pharma vs Medplus on Key Financials\">Best Vaccine, Formulation and Pharmacy Chain Stocks in India: GSK Pharma vs Lincoln Pharma vs Medplus 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#How_to_Evaluate_Vaccine_Formulation_and_Pharmacy_Chain_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Vaccine, Formulation and Pharmacy Chain Stocks to Buy Before You Invest\">How to Evaluate Vaccine, Formulation and Pharmacy Chain 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#Risks_to_Consider_Before_Investing_in_Vaccine_Formulation_and_Pharmacy_Chain_Stocks\" title=\"Risks to Consider Before Investing in Vaccine, Formulation and Pharmacy Chain Stocks\">Risks to Consider Before Investing in Vaccine, Formulation and Pharmacy Chain 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#FAQs_on_Vaccine_Formulation_and_Pharmacy_Chain_Stocks\" title=\"FAQs on Vaccine, Formulation and Pharmacy Chain Stocks\">FAQs on Vaccine, Formulation and Pharmacy Chain 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#Which_are_the_best_vaccine_formulation_and_pharmacy_chain_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best vaccine, formulation and pharmacy chain stocks in India with a strong roadmap?\">Which are the best vaccine, formulation and pharmacy chain 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#Is_GlaxoSmithKline_Pharmaceuticals_a_good_stock_to_buy_now\" title=\"Is GlaxoSmithKline Pharmaceuticals a good stock to buy now?\">Is GlaxoSmithKline Pharmaceuticals 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#What_is_the_PE_ratio_of_GSK_Pharma_Lincoln_Pharma_and_Medplus\" title=\"What is the P\/E ratio of GSK Pharma, Lincoln Pharma and Medplus?\">What is the P\/E ratio of GSK Pharma, Lincoln Pharma and Medplus?<\/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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#Which_of_these_vaccine_formulation_and_pharmacy_chain_stocks_has_the_highest_return_on_equity\" title=\"Which of these vaccine, formulation and pharmacy chain stocks has the highest return on equity?\">Which of these vaccine, formulation and pharmacy chain 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#What_are_the_risks_of_investing_in_vaccine_formulation_and_pharmacy_chain_stocks\" title=\"What are the risks of investing in vaccine, formulation and pharmacy chain stocks?\">What are the risks of investing in vaccine, formulation and pharmacy chain 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#How_did_GSK_Pharma_Lincoln_Pharma_and_Medplus_perform_in_Q1_FY27\" title=\"How did GSK Pharma, Lincoln Pharma and Medplus perform in Q1 FY27?\">How did GSK Pharma, Lincoln Pharma and Medplus 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#Do_vaccine_formulation_and_pharmacy_chain_stocks_pay_dividends\" title=\"Do vaccine, formulation and pharmacy chain stocks pay dividends?\">Do vaccine, formulation and pharmacy chain 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\/vaccine-formulation-and-pharmacy-chain-stocks-forward-growth-shortlist\/#How_can_I_invest_in_vaccine_formulation_and_pharmacy_chain_stocks_in_India\" title=\"How can I invest in vaccine, formulation and pharmacy chain stocks in India?\">How can I invest in vaccine, formulation and pharmacy chain stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Vaccine_Formulation_and_Pharmacy_Chain_Stocks\"><\/span><strong>What Are Vaccine, Formulation and Pharmacy Chain Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Vaccine, formulation and pharmacy chain stocks are shares of companies that make medicines and vaccines or sell them through pharmacy stores. Results depend on prescription growth, store additions and margins, so growth and margins separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Vaccine_Formulation_and_Pharmacy_Chain_Stocks_at_a_Glance\"><\/span><strong>Vaccine, Formulation and Pharmacy Chain 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 vaccine, formulation and pharmacy chain stocks as of the 12 Oct 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\/glaxo\/glaxosmithkline-pharmaceuticals-ltd-share-price-today\">GlaxoSmithKline Pharmaceuticals<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,531.50<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">42,939<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">40.20<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">37.59<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">45.69%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/lincoln\/lincoln-pharmaceuticals-ltd-share-price-today\">Lincoln Pharmaceuticals<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">543.50<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,123<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.64<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">37.59<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.60%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/medplus\/medplus-health-services-ltd-share-price-today\">Medplus Health Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">627.60<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,589<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.06<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">66.59<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.12%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.72<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among pharma and healthcare retail stocks, GSK Pharma trades at a premium to the industry P\/E, while Lincoln Pharma and Medplus trade at a discount.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Vaccine_Formulation_and_Pharmacy_Chain_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Vaccine, Formulation and Pharmacy Chain Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Vaccine, formulation and pharmacy chain stocks have a strong roadmap in India because health spending, vaccination reach and organised pharmacy growth keep lifting demand for medicine makers and pharmacy chains. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Health spending:<\/strong> More families buy medicines and treatment regularly.<\/li>\n<li><strong>Vaccine reach:<\/strong> Immunisation programmes widen the user base.<\/li>\n<li><strong>Organised retail:<\/strong> Pharmacy chains gain share from small stores.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"GlaxoSmithKline_Pharmaceuticals_Branded_Medicines_and_Vaccines_Anchor_the_Roadmap\"><\/span><strong>GlaxoSmithKline Pharmaceuticals: Branded Medicines and Vaccines Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>GSK Pharma&#8217;s roadmap rests on branded medicines and vaccines sold through a large doctor network, with established brands supporting steady sales.<\/p>\n<p>Revenue grew from Rs 3,353.80 crore in FY22 to Rs 3,967.03 crore in FY26, an 18.3% rise, and FY26 revenue was 1.8% higher than FY25. FY26 net profit rose 11.7% to Rs 1,035.98 crore. Over four years, net profit rose from Rs 380.77 crore in FY22 to Rs 1,035.98 crore. In Q1 FY27, revenue grew 15.7% to Rs 982.20 crore, and net profit rose 15.7% to Rs 237.18 crore. Operating margin was 38.60% in FY26.<\/p>\n<p>Debt to equity is 0.01 and return on equity is 45.69%. FY26 operating cash flow was Rs 903.30 crore against capital expenditure of Rs 55.28 crore. GSK Pharma paid a dividend of Rs 57 per share for FY26, a yield of 2.25%. At a P\/E of 40.20 against an industry P\/E of 37.59, the stock trades above its industry multiple.<\/p>\n<p>What to watch: The P\/E of 40.20 is a modest premium to the industry P\/E of 37.59, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lincoln_Pharmaceuticals_Formulations_for_India_and_Export_Markets_Build_the_Next_Leg\"><\/span><strong>Lincoln Pharmaceuticals: Formulations for India and Export Markets Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Lincoln Pharma&#8217;s roadmap rests on formulations sold in India and emerging export markets, with a broad product list supporting revenue.<\/p>\n<p>Revenue grew from Rs 482.12 crore in FY22 to Rs 704.48 crore in FY26, a 46.1% rise, and FY26 revenue was 9.1% higher than FY25. FY26 net profit rose 6.7% to Rs 87.89 crore. Over four years, net profit rose from Rs 69.36 crore in FY22 to Rs 87.89 crore. In Q1 FY27, revenue grew 19.0% to Rs 201.54 crore, and net profit rose 30.9% to Rs 36.23 crore.<\/p>\n<p>Debt to equity is 0.01 and return on equity is 11.60%. The dividend yield is 0.32%. At a P\/E of 11.64 against an industry P\/E of 37.59, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 11.64 against an industry P\/E of 37.59 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Medplus_Health_Services_Pharmacy_Retail_Stores_Anchor_the_Roadmap\"><\/span><strong>Medplus Health Services: Pharmacy Retail Stores Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Medplus&#8217; roadmap rests on a pharmacy retail chain with stores across several states, with store expansion supporting revenue.<\/p>\n<p>Revenue grew from Rs 3,810.64 crore in FY22 to Rs 6,963.79 crore in FY26, an 82.7% rise, and FY26 revenue was 12.6% higher than FY25. FY26 net profit rose 46.2% to Rs 219.61 crore. Over four years, net profit rose from Rs 94.72 crore in FY22 to Rs 219.61 crore. In Q1 FY27, revenue grew 21.9% to Rs 1,899.43 crore. Operating margin was 9.85% in FY26.<\/p>\n<p>Debt to equity is 0.72 and return on equity is 11.12%. FY26 operating cash flow was Rs 495.58 crore against capital expenditure of Rs 123.03 crore. At a P\/E of 36.06 against an industry P\/E of 66.59, the stock trades below its industry multiple.<\/p>\n<p>What to watch: Net profit margin is only 3.2%, so small cost changes move earnings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Vaccine_Formulation_and_Pharmacy_Chain_Stocks_in_India_GSK_Pharma_vs_Lincoln_Pharma_vs_Medplus_on_Key_Financials\"><\/span><strong>Best Vaccine, Formulation and Pharmacy Chain Stocks in India: GSK Pharma vs Lincoln Pharma vs Medplus on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best vaccine, formulation and pharmacy chain stocks in India, GSK Pharma leads on return on equity and the lowest debt to equity; Lincoln Pharma leads on the lowest P\/E; Medplus leads on FY26 revenue growth and Q1 FY27 revenue growth. 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;\">GSK Pharma<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Lincoln Pharma<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Medplus<\/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;\">3,967.03<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">704.48<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,963.79<\/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;\">1.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.6%<\/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;\">1,035.98<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">87.89<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">219.61<\/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;\">11.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">46.2%<\/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;\">15.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.9%<\/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;\">45.69%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.60%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.12%<\/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;\">40.20<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.64<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.06<\/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;\">0.01<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.72<\/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;\">2.25%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.32%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Pharma earnings follow prescription growth, store additions and margins, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Vaccine_Formulation_and_Pharmacy_Chain_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Vaccine, Formulation and Pharmacy Chain 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 vaccine, formulation and pharmacy chain stocks and shortlist vaccine, formulation and pharmacy chain stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check revenue growth, operating margin and return on equity together.<\/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 vaccine, formulation and pharmacy chain stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Vaccine_Formulation_and_Pharmacy_Chain_Stocks\"><\/span><strong>Risks to Consider Before Investing in Vaccine, Formulation and Pharmacy Chain Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Pricing rules:<\/strong> Price controls can affect margins.<\/li>\n<li><strong>Competition:<\/strong> Online and offline rivals can pressure sales.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/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 GSK Pharma, Lincoln Pharma and Medplus live.<\/em><\/p>\n<p>Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.<\/p>\n<p>Comparing a quarter with the same quarter of the previous year gives a cleaner reading than comparing it with the preceding quarter, since seasonal patterns affect many businesses in India.<\/p>\n<p>The shareholding pattern published every quarter shows whether promoters, mutual funds and foreign investors are raising or trimming their holdings, which adds useful context to the financial numbers.<\/p>\n<p>Spreading money across several sectors and company sizes helps keep a portfolio steady, because each business responds differently to interest rates, commodity prices and consumer demand.<\/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 pharma and healthcare retail stocks cover branded medicines and vaccines, formulations and a pharmacy retail chain. GSK Pharma leads on return on equity and the lowest debt to equity; Lincoln Pharma leads on the lowest P\/E; Medplus leads on FY26 revenue growth and Q1 FY27 revenue growth.<\/p>\n<p>Across vaccine, formulation and pharmacy chain 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 vaccine, formulation and pharmacy chain 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_Vaccine_Formulation_and_Pharmacy_Chain_Stocks\"><\/span><strong>FAQs on Vaccine, Formulation and Pharmacy Chain Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_vaccine_formulation_and_pharmacy_chain_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best vaccine, formulation and pharmacy chain stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> GlaxoSmithKline Pharmaceuticals, Lincoln Pharmaceuticals and Medplus Health Services stand out for their roadmaps in branded medicines and vaccines, formulations and a pharmacy retail chain. FY26 revenue growth was 1.8% at GSK Pharma, 9.1% at Lincoln Pharma and 12.6% at Medplus, and return on equity ranges from 11.12% to 45.69%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_GlaxoSmithKline_Pharmaceuticals_a_good_stock_to_buy_now\"><\/span><strong>Is GlaxoSmithKline Pharmaceuticals a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> GlaxoSmithKline Pharmaceuticals has a debt to equity ratio of 0.01, a return on equity of 45.69% and a P\/E of 40.20 against an industry P\/E of 37.59. Valuation, growth and pricing rules 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_GSK_Pharma_Lincoln_Pharma_and_Medplus\"><\/span><strong>What is the P\/E ratio of GSK Pharma, Lincoln Pharma and Medplus?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 40.20 for GSK Pharma (industry 37.59), 11.64 for Lincoln Pharma (industry 37.59) and 36.06 for Medplus (industry 66.59). Only GSK Pharma trades at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_vaccine_formulation_and_pharmacy_chain_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these vaccine, formulation and pharmacy chain stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> GlaxoSmithKline Pharmaceuticals has the highest return on equity at 45.69%, followed by Lincoln Pharmaceuticals at 11.60% and Medplus Health Services at 11.12%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_vaccine_formulation_and_pharmacy_chain_stocks\"><\/span><strong>What are the risks of investing in vaccine, formulation and pharmacy chain stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are pricing rules, competition and quarterly trends. Price controls can affect margins.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_GSK_Pharma_Lincoln_Pharma_and_Medplus_perform_in_Q1_FY27\"><\/span><strong>How did GSK Pharma, Lincoln Pharma and Medplus perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> GlaxoSmithKline Pharmaceuticals reported revenue of Rs 982.20 crore, up 15.7% year on year, and net profit rose 15.7% to Rs 237.18 crore. Lincoln Pharmaceuticals reported revenue of Rs 201.54 crore, up 19.0% year on year, and net profit rose 30.9% to Rs 36.23 crore. Medplus Health Services reported revenue of Rs 1,899.43 crore, up 21.9% year on year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_vaccine_formulation_and_pharmacy_chain_stocks_pay_dividends\"><\/span><strong>Do vaccine, formulation and pharmacy chain stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> GSK Pharma and Lincoln Pharma pay dividends. The dividend yield is 2.25% for GSK Pharma and 0.32% for Lincoln Pharma, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_vaccine_formulation_and_pharmacy_chain_stocks_in_India\"><\/span><strong>How can I invest in vaccine, formulation and pharmacy chain stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy vaccine, formulation and pharmacy chain 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 vaccine, formulation and pharmacy chain stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"GlaxoSmithKline Pharmaceuticals, Lincoln Pharmaceuticals and Medplus Health Services stand out for their roadmaps in branded medicines and vaccines, formulations and a pharmacy retail chain. 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Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GlaxoSmithKline Pharmaceuticals, Lincoln Pharmaceuticals and Medplus Health Services compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":35,"featured_media":303433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[11493,11494,11206,11169,11130,11492],"class_list":["post-303436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-formulation-and-pharmacy-chain-stocks","tag-formulation-and-pharmacy-chain-stocks-to-buy","tag-glaxosmithkline-pharmaceuticals","tag-lincoln-pharmaceuticals","tag-medplus-health-services","tag-vaccine"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["303433"],"rank_math_title":["Vaccine, Formulation and Pharmacy Chain Stocks"],"rank_math_description":["Vaccine, formulation and pharmacy chain stocks with a strong roadmap: GSK Pharma, Lincoln Pharma and Medplus compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["vaccine, formulation and pharmacy chain 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-vaccine-formulation-and-pharmacy-chain-stocks-with-a-strong-future-roadmap.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/303436","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=303436"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/303436\/revisions"}],"predecessor-version":[{"id":303437,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/303436\/revisions\/303437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/303433"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=303436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=303436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=303436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}