Sun Pharma Advanced Research Company Ltd
Sun Pharma Advanced Research Company Ltd is engaged in the business of research and development (R&D) of pharmaceutical products.[1]
- Market Cap ₹ 7,183 Cr.
- Current Price ₹ 221
- High / Low ₹ 249 / 108
- Stock P/E 4.59
- Book Value ₹ 41.1
- Dividend Yield 0.00 %
- ROCE 165 %
- ROE 281 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 65.3% CAGR over last 5 years
Cons
- Stock is trading at 5.39 times its book value
- Working capital days have increased from -770 days to 214 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 156 | 161 | 181 | 78 | 183 | 77 | 253 | 137 | 239 | 76 | 72 | 1,879 | |
| 191 | 224 | 304 | 321 | 334 | 387 | 388 | 324 | 453 | 479 | 399 | 281 | |
| Operating Profit | -35 | -63 | -123 | -243 | -151 | -310 | -135 | -187 | -214 | -404 | -327 | 1,598 |
| OPM % | -23% | -39% | -68% | -310% | -83% | -404% | -53% | -136% | -90% | -534% | -456% | 85% |
| 3 | 3 | 14 | 54 | 14 | 10 | 5 | 7 | 11 | 29 | 2 | -2 | |
| Interest | 0 | 2 | 2 | 0 | 0 | 3 | 11 | 13 | 8 | 2 | 9 | 34 |
| Depreciation | 7 | 8 | 8 | 8 | 8 | 9 | 11 | 10 | 12 | 12 | 11 | 10 |
| Profit before tax | -40 | -70 | -119 | -197 | -145 | -312 | -151 | -203 | -223 | -388 | -345 | 1,552 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| -40 | -70 | -119 | -197 | -145 | -312 | -151 | -203 | -223 | -388 | -345 | 1,552 | |
| EPS in Rs | -1.60 | -2.83 | -4.82 | -7.85 | -5.55 | -11.92 | -5.77 | -7.48 | -6.86 | -11.96 | -10.64 | 47.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 49% |
| 3 Years: | 99% |
| TTM: | 2518% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 65% |
| 3 Years: | 108% |
| TTM: | 553% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 0% |
| 3 Years: | 7% |
| 1 Year: | 30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 281% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 25 | 25 | 26 | 26 | 26 | 27 | 32 | 32 | 32 | 32 |
| Reserves | 76 | 8 | 133 | 160 | 270 | -45 | -194 | 4 | 480 | 92 | -253 | 1,301 |
| 4 | 56 | 3 | 2 | 2 | 67 | 236 | 79 | 16 | 56 | 265 | 559 | |
| 39 | 75 | 111 | 122 | 101 | 224 | 162 | 170 | 302 | 305 | 284 | 275 | |
| Total Liabilities | 143 | 163 | 273 | 309 | 398 | 273 | 230 | 280 | 830 | 486 | 329 | 2,168 |
| 67 | 70 | 69 | 52 | 58 | 104 | 91 | 92 | 106 | 103 | 95 | 157 | |
| CWIP | 0 | 1 | 1 | 3 | 24 | 32 | 5 | 26 | 27 | 44 | 54 | 0 |
| Investments | 0 | 0 | 10 | 108 | 211 | 8 | 6 | 12 | 291 | 2 | 0 | 0 |
| 76 | 92 | 192 | 146 | 106 | 128 | 127 | 150 | 406 | 338 | 179 | 2,011 | |
| Total Assets | 143 | 163 | 273 | 309 | 398 | 273 | 230 | 280 | 830 | 486 | 329 | 2,168 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -41 | -44 | -128 | -183 | -172 | -211 | -152 | -208 | -69 | -429 | -362 | -239 | |
| 53 | -13 | -7 | -105 | -102 | 155 | 2 | -29 | -548 | 391 | 158 | -24 | |
| -1 | 51 | 194 | 224 | 274 | 55 | 159 | 229 | 617 | 43 | 201 | 262 | |
| Net Cash Flow | 11 | -7 | 60 | -63 | 0 | 0 | 9 | -8 | -1 | 4 | -4 | -1 |
| Free Cash Flow | -49 | -56 | -136 | -200 | -184 | -264 | -153 | -233 | -84 | -455 | -372 | -262 |
| CFO/OP | 110% | 48% | 88% | 71% | 111% | 65% | 111% | 114% | 35% | 105% | 114% | -17% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 21 | 78 | 82 | 20 | 76 | 25 | 74 | 50 | 75 | 82 | 2 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 47 | 21 | 78 | 82 | 20 | 76 | 25 | 74 | 50 | 75 | 82 | 2 |
| Working Capital Days | 20 | -161 | -60 | -232 | -98 | -842 | -268 | -301 | -193 | -746 | -1,778 | 214 |
| ROCE % | -32% | -71% | -94% | -143% | -62% | -183% | -242% | -218% | -67% | -109% | -298% | 165% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Employee Count Number |
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| Scientist Strength Number |
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| Number of R&D Centers Number |
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| Products in Active Clinical Pipeline Number |
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| Learning and Development Hours Hours |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Statutory Auditors Certificate As per Regulation 169(5) Of SEBI ICDRA Regulations, 2018
25 May - SPARC received Rs 149.99 crore on May 19, 2026 for 3,85,10,000 warrants to Shanghvi Finance.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 20 May
- Announcement under Regulation 30 (LODR)-Newspaper Publication 20 May
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Update On PDP-716 NDA
19 May - Ocuvex Therapeutics received FDA CRL for PDP-716 NDA due to manufacturing facility inspection findings.
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Announcement under Regulation 30 (LODR)-Allotment
19 May - On May 19, 2026, SPARC allotted 3.85 crore warrants to Shanghvi Finance at ₹155.80 each, receiving ₹149.99 crore.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Jan 2026Transcript PPT
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Dec 2024Transcript PPT
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Apr 2024TranscriptPPTREC
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Jan 2024TranscriptPPT
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Jan 2024Transcript PPT
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Jan 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT
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Oct 2022Transcript PPT
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Dec 2021Transcript PPT
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Dec 2021TranscriptAI SummaryPPT
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Dec 2021TranscriptAI SummaryPPT
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Sep 2020TranscriptAI SummaryPPT
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Sep 2019TranscriptAI SummaryPPT
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Sep 2018TranscriptAI SummaryPPT
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Sep 2018TranscriptAI SummaryPPT
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Aug 2016TranscriptAI SummaryPPT
Leadership[1]
First listed pharma R&D company out of India where founders still own 70% and continue to invest.