Sun Pharma Advanced Research Company Ltd.

196.71-1.44%

2026-08-21

sparc.lifeBSE: 532872NSE: SPARC
Market Cap₹ 6,268 Cr.
Current Price₹ 200
High / Low₹ 289 / 108
Stock P/E4.0
Book Value₹ 41
Price to Book2.78
Dividend Yield0.00 %
ROCE163.9 %
ROE276.9 %
Face Value₹ 1

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ABOUT

KEY POINTS

PROS

  • Company has a good return on equity (ROE) track record: 3 Years ROE 51.9%
  • Operating margins have improved to 85.1% from -85.1%
  • Company comfortably covers its interest (46.5x coverage)
  • Company maintains a comfortable, low leverage position
  • Company converts assets efficiently - asset turnover of 1.5x

CONS

  • Operating cash flow has been negative in recent years
  • Company has a low return on capital employed of -86.8%
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.25x)
  • Free cash flow has been persistently negative
  • Total debt has risen sharply - up 115.4% year on year
  • Working capital days have increased from -1770 to 215 days

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.PFOCUS279.00187.9921727.790.00-457.78-514.4312668.151196.882.7423.76
2.SAGILITY42.4620.0219876.920.35216.8145.941963.4827.5913.8222.32
3.SYNGENE397.1072.5316029.700.31-9.00-110.38736.00-15.849.4812.34
4.IGIL338.5524.0014630.771.48165.7430.98370.7823.2277.0060.35
5.INDGN564.2533.9113592.860.401162.00898.2810631.001297.3418.9216.39
6.NESCO1032.4517.637274.640.6893.055.00251.6231.0519.2346.86
7.LEAPIND160.55113.457072.810.009.32
8.SPARC193.153.966268.130.00-20.7859.9439.92314.11163.94-85.17
9.SMARTWORKS500.70205.475727.060.0013.15413.27546.2544.0552.2663.33
10.LATENTVIEW276.5029.285721.480.0047.10-6.84286.8821.5516.6919.76
11.JUSTDIAL659.8015.465611.540.00115.7438.44270.2716.2312.8826.17
12.INDIQUBE191.250.004054.450.00-23.8835.03422.6936.6654.5861.15
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
24
126
Operating Profit
OPM %
Other Income
10
Interest
0
Depreciation
3
-95
Tax %
-0.00%
Net Profit
0
-3
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
21
113
Operating Profit
OPM %
Other Income
8
Interest
0
Depreciation
3
-86
Tax %
-0.00%
Net Profit
0
-3
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
14
116
Operating Profit
OPM %
Other Income
6
Interest
0
Depreciation
3
-100
Tax %
-0.00%
Net Profit
0
-3
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
17
122
Operating Profit
OPM %
Other Income
4
Interest
1
Depreciation
3
-105
Tax %
-0.36%
Net Profit
0
-3
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
17
110
Operating Profit
OPM %
Other Income
2
Interest
1
Depreciation
3
-96
Tax %
-0.42%
Net Profit
-96
-3
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
13
116
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
3
-107
Tax %
-0.15%
Net Profit
-107
-3
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
15
89
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
3
-79
Tax %
-0.09%
Net Profit
-80
-2
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
27
80
Operating Profit
OPM %
Other Income
0
Interest
5
Depreciation
3
-61
Tax %
1.48%
Net Profit
-60
-2
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
10
62
Operating Profit
OPM %
Other Income
9
Interest
6
Depreciation
3
-52
Tax %
-0.12%
Net Profit
-52
-2
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
8
74
Operating Profit
OPM %
Other Income
0
Interest
8
Depreciation
3
-76
Tax %
-0.08%
Net Profit
-76
-2
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
8
65
Operating Profit
OPM %
Other Income
0
Interest
9
Depreciation
3
-80
Tax %
-0.09%
Net Profit
-80
-2
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
13
80
Operating Profit
OPM %
Other Income
2
Interest
12
Depreciation
2
1,761
Tax %
-0.02%
Net Profit
1,761
54
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
40
84
Operating Profit
OPM %
Other Income
24
Interest
8
Depreciation
2
-21
Tax %
-0.53%
Net Profit
-21
-0
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
239
453
Operating Profit
-203
OPM %
-85
Other Income
11
Interest
8
Depreciation
12
-223
Tax %
0
Net Profit
-223
EPS
-8
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-7
Minority Interest
0
Share of Associates
0
Adjusted EPS
-7
Mar 2024
76
478
Operating Profit
-373
OPM %
-493
Other Income
29
Interest
2
Depreciation
13
-387
Tax %
-0
Net Profit
-387
EPS
-12
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-12
Minority Interest
0
Share of Associates
0
Adjusted EPS
-12
Mar 2025
72
395
Operating Profit
-321
OPM %
-448
Other Income
2
Interest
9
Depreciation
12
-343
Tax %
0
Net Profit
-343
EPS
-11
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-11
Minority Interest
0
Share of Associates
0
Adjusted EPS
-11
Mar 2026
1,879
280
Operating Profit
1,610
OPM %
86
Other Income
11
Interest
34
Depreciation
10
1,553
Tax %
-0
Net Profit
1,553
EPS
48
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
48
Minority Interest
0
Share of Associates
0
Adjusted EPS
48
TTM
69
303
Operating Profit
OPM %
Other Income
25
Interest
36
Depreciation
10
1,584
Tax %
-0
Net Profit
1,584
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
99%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:

STOCK PRICE CAGR

10 Years:
-6%
5 Years:
-6%
3 Years:
-4%
1 Year:
36%

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
52%
Last Year:
277%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

No bonus data found

Mar 2023
Equity Capital
32
480
0
Trade Payables
148
169
Total Liabilities
830
106
Capital Work in Progress
2
291
0
Cash & Bank
112
320
Total Assets
830
Total Debt
0
Net Working Capital
276
Contingent Liabilities
84
Book Value per Share
15.80
Face Value
1.00
Total Debt
0
Net Working Capital
276
Contingent Liabilities
84
Book Value per Share
15.80
Face Value
1.00
Mar 2024
Equity Capital
32
93
47
Trade Payables
142
199
Total Liabilities
514
108
Capital Work in Progress
1
2
16
Cash & Bank
155
232
Total Assets
514
Total Debt
47
Net Working Capital
4
Contingent Liabilities
84
Book Value per Share
3.88
Face Value
1.00
Total Debt
47
Net Working Capital
4
Contingent Liabilities
84
Book Value per Share
3.88
Face Value
1.00
Mar 2025
Equity Capital
32
-249
158
Trade Payables
114
278
Total Liabilities
333
99
Capital Work in Progress
1
0
16
Cash & Bank
2
216
Total Assets
333
Total Debt
258
Net Working Capital
-348
Contingent Liabilities
85
Book Value per Share
-6.68
Face Value
1.00
Total Debt
258
Net Working Capital
-348
Contingent Liabilities
85
Book Value per Share
-6.68
Face Value
1.00
Mar 2026
Equity Capital
32
1,306
556
Trade Payables
97
176
Total Liabilities
2,169
85
Capital Work in Progress
0
0
8
Cash & Bank
1
2,073
Total Assets
2,169
Total Debt
556
Net Working Capital
1,108
Contingent Liabilities
85
Book Value per Share
41.25
Face Value
1.00
Total Debt
556
Net Working Capital
1,108
Contingent Liabilities
85
Book Value per Share
41.25
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
-69
Cash from Investing
-548
Cash from Financing
617
-1
Free Cash Flow
-69
OCF / Net Profit
0.31
Cumulative 5-Year FCF
0
OCF / Net Profit
0.31
Cumulative 5-Year FCF
0
Mar 2024
-429
Cash from Investing
392
Cash from Financing
42
5
Free Cash Flow
-439
OCF / Net Profit
1.11
Cumulative 5-Year FCF
0
OCF / Net Profit
1.11
Cumulative 5-Year FCF
0
Mar 2025
-360
Cash from Investing
158
Cash from Financing
199
-3
Free Cash Flow
-361
OCF / Net Profit
1.05
Cumulative 5-Year FCF
0
OCF / Net Profit
1.05
Cumulative 5-Year FCF
0
Mar 2026
-239
Cash from Investing
-23
Cash from Financing
261
-1
Free Cash Flow
-239
OCF / Net Profit
-0.15
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.15
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
EPS (₹)
-6.86
Book Value (₹)
15.80
Dividend per Share (₹)
0.00
Cash EPS (₹)
-6.50
Operating Margin %
-85.09%
Net Margin %
-93.22%
ROE %
-43.41%
ROCE %
-41.91%
-26.81%
Debtor Days
50
Inventory Days
0
Payable Days
0
50
Debt to Equity (x)
0.00x
Interest Coverage (x)
-28.15x
2.54x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
-11.93
Book Value (₹)
3.88
Dividend per Share (₹)
0.00
Cash EPS (₹)
-11.55
Operating Margin %
-532.26%
Net Margin %
-512.56%
ROE %
-121.28%
ROCE %
-112.35%
-57.63%
Debtor Days
117
Inventory Days
0
Payable Days
0
117
Debt to Equity (x)
0.37x
Interest Coverage (x)
-227.27x
1.02x
Revenue Growth %
-68.36%
Operating Profit Growth %
-83.40%
Net Profit Growth %
-73.96%
-73.96%
P/E (x)
0.00x
P/B (x)
95.47x
Dividend Yield %
0.00%
-31.93x
Mar 2025
EPS (₹)
-10.55
Book Value (₹)
-6.68
Dividend per Share (₹)
0.00
Cash EPS (₹)
-10.17
Operating Margin %
-450.27%
Net Margin %
-477.26%
ROE %
0.00%
ROCE %
-311.92%
-80.88%
Debtor Days
80
Inventory Days
0
Payable Days
0
80
Debt to Equity (x)
-1.19x
Interest Coverage (x)
-36.92x
0.07x
Revenue Growth %
-5.00%
Operating Profit Growth %
13.76%
Net Profit Growth %
11.55%
11.55%
P/E (x)
0.00x
P/B (x)
-22.14x
Dividend Yield %
0.00%
-15.74x
Mar 2026
EPS (₹)
47.86
Book Value (₹)
41.25
Dividend per Share (₹)
0.00
Cash EPS (₹)
48.17
Operating Margin %
85.08%
Net Margin %
82.65%
ROE %
276.89%
ROCE %
163.94%
124.17%
Debtor Days
2
Inventory Days
0
Payable Days
0
2
Debt to Equity (x)
0.42x
Interest Coverage (x)
46.50x
2.47x
Revenue Growth %
2518.47%
Operating Profit Growth %
600.93%
Net Profit Growth %
553.48%
553.48%
P/E (x)
2.39x
P/B (x)
2.78x
Dividend Yield %
0.00%
2.66x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
65.67
2.64
0.17
Government
0.00
31.52
Sep 2024
65.67
2.15
0.21
Government
0.00
31.96
Dec 2024
65.67
2.23
0.63
Government
0.00
31.48
Mar 2025
65.67
1.45
1.12
Government
0.00
31.76
Jun 2025
65.67
1.48
0.96
Government
0.00
31.89
Sep 2025
65.67
1.76
1.03
Government
0.00
31.53
Dec 2025
65.67
2.04
0.78
Government
0.00
31.52
Mar 2026
65.67
2.04
0.87
Government
0.00
31.42
Jun 2026
65.67
3.90
0.08
Government
0.00
30.34

Documents

Announcements

  • General Updates

    2026-08-13 - Sun Pharma Advanced Research Company Limited has informed the Exchange about Filing of Application for Reclassification with Stock Exchanges

  • Copy of Newspaper Publication

    2026-08-11 - Sun Pharma Advanced Research Company Limited has informed the Exchange about Copy of Newspaper Publication

Credit Ratings

Nothing filed yet.

Concalls