Sun Pharma Advanced Research Company Ltd.
•₹ 196.71-1.44%
2026-08-21
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 52.4%
- Operating margins have improved to 85.0% from -85.1%
- Company has delivered good sales growth of 49.3% CAGR over last 5 years
- Company comfortably covers its interest (46.5x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Operating cash flow has been negative in recent years
- Company has a low return on capital employed of -89.8%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.26x)
- Free cash flow has been persistently negative
- Total debt has risen sharply - up 115.4% year on year
- Working capital days have increased from -1773 to 215 days
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | PFOCUS | 279.00 | 187.99 | 21727.79 | 0.00 | -457.78 | -514.43 | 12668.15 | 1196.88 | 2.74 | 23.76 |
| 2. | SAGILITY | 42.46 | 20.02 | 19876.92 | 0.35 | 216.81 | 45.94 | 1963.48 | 27.59 | 13.82 | 22.32 |
| 3. | SYNGENE | 397.10 | 72.53 | 16029.70 | 0.31 | -9.00 | -110.38 | 736.00 | -15.84 | 9.48 | 12.34 |
| 4. | IGIL | 338.55 | 24.00 | 14630.77 | 1.48 | 165.74 | 30.98 | 370.78 | 23.22 | 77.00 | 60.35 |
| 5. | INDGN | 564.25 | 33.91 | 13592.86 | 0.40 | 1162.00 | 898.28 | 10631.00 | 1297.34 | 18.92 | 16.39 |
| 6. | NESCO | 1032.45 | 17.63 | 7274.64 | 0.68 | 93.05 | 5.00 | 251.62 | 31.05 | 19.23 | 46.86 |
| 7. | LEAPIND | 160.55 | 113.45 | 7072.81 | 0.00 | — | — | — | — | 9.32 | — |
| 8. | SPARC | 193.15 | 3.96 | 6268.13 | 0.00 | -20.78 | 59.94 | 39.92 | 314.11 | 163.94 | -85.17 |
| 9. | SMARTWORKS | 500.70 | 205.47 | 5727.06 | 0.00 | 13.15 | 413.27 | 546.25 | 44.05 | 52.26 | 63.33 |
| 10. | LATENTVIEW | 276.50 | 29.28 | 5721.48 | 0.00 | 47.10 | -6.84 | 286.88 | 21.55 | 16.69 | 19.76 |
| 11. | JUSTDIAL | 659.80 | 15.46 | 5611.54 | 0.00 | 115.74 | 38.44 | 270.27 | 16.23 | 12.88 | 26.17 |
| 12. | INDIQUBE | 191.25 | 0.00 | 4054.45 | 0.00 | -23.88 | 35.03 | 422.69 | 36.66 | 54.58 | 61.15 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24 | 21 | 14 | 17 | 17 | 13 | 15 | 27 | 10 | 8 | 8 | 13 | 40 | |
| 126 | 113 | 116 | 124 | 112 | 117 | 89 | 81 | 62 | 74 | 65 | 80 | 85 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 10 | 8 | 6 | 4 | 2 | 0 | 0 | 0 | 9 | 0 | 0 | 2 | 24 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 5 | 6 | 8 | 9 | 12 | 8 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 |
| -95 | -86 | -100 | -107 | -97 | -108 | -80 | -61 | -52 | -76 | -81 | 1,761 | -21 | |
| Tax % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | 0.00% | -0.00% |
| Net Profit | -95 | -86 | -100 | -107 | -97 | -108 | -80 | -61 | -52 | -76 | -81 | 1,761 | -21 |
| -3 | -3 | -3 | -3 | -3 | -3 | -2 | -2 | -2 | -2 | -2 | 54 | -0 | |
| Equity Capital | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 24
- 126
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 0
- Depreciation
- 3
- -95
- Tax %
- -0.00%
- Net Profit
- -95
- -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
- -86
- -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
- -100
- -3
- Equity Capital
- 32
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 32
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 17
- 124
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 1
- Depreciation
- 3
- -107
- Tax %
- -0.00%
- Net Profit
- -107
- -3
- Equity Capital
- 32
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 32
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 17
- 112
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- -97
- Tax %
- -0.00%
- Net Profit
- -97
- -3
- Equity Capital
- 32
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 32
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 13
- 117
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 3
- -108
- Tax %
- -0.00%
- Net Profit
- -108
- -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
- -80
- Tax %
- -0.00%
- 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
- 81
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 5
- Depreciation
- 3
- -61
- Tax %
- -0.00%
- Net Profit
- -61
- -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 %
- -0.00%
- 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 %
- -0.00%
- 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
- -81
- Tax %
- -0.00%
- Net Profit
- -81
- -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 %
- 0.00%
- 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
- 85
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 8
- Depreciation
- 2
- -21
- Tax %
- -0.00%
- Net Profit
- -21
- -0
- Equity Capital
- 32
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 32
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 181 | 78 | 183 | 77 | 253 | 137 | 239 | 76 | 72 | 1,879 | 69 | |
| 304 | 321 | 334 | 387 | 388 | 324 | 453 | 479 | 399 | 281 | 304 | |
| Operating Profit | -109 | -238 | -138 | -300 | -130 | -180 | -203 | -374 | -325 | 1,609 | — |
| OPM % | -60 | -304 | -75 | -391 | -51 | -131 | -85 | -495 | -454 | 86 | — |
| Other Income | 14 | 5 | 14 | 10 | 5 | 7 | 11 | 29 | 2 | 11 | 25 |
| Interest | 2 | 0 | 0 | 3 | 11 | 13 | 8 | 2 | 9 | 34 | 36 |
| Depreciation | 8 | 8 | 8 | 9 | 11 | 10 | 12 | 12 | 11 | 10 | 10 |
| -119 | -197 | -145 | -312 | -151 | -203 | -223 | -388 | -345 | 1,552 | 1,583 | |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -119 | -197 | -145 | -312 | -151 | -203 | -223 | -388 | -345 | 1,552 | 1,583 |
| EPS | -5 | -8 | -6 | -12 | -6 | -8 | -8 | -12 | -11 | 48 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -5 | -8 | -6 | -12 | -6 | -7 | -7 | -12 | -11 | 48 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -5 | -8 | -6 | -12 | -6 | -7 | -7 | -12 | -11 | 48 | — |
Mar 2017
- 181
- 304
- Operating Profit
- -109
- OPM %
- -60
- Other Income
- 14
- Interest
- 2
- Depreciation
- 8
- -119
- Tax %
- 0
- Net Profit
- -119
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2018
- 78
- 321
- Operating Profit
- -238
- OPM %
- -304
- Other Income
- 5
- Interest
- 0
- Depreciation
- 8
- -197
- Tax %
- 0
- Net Profit
- -197
- EPS
- -8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -8
Mar 2019
- 183
- 334
- Operating Profit
- -138
- OPM %
- -75
- Other Income
- 14
- Interest
- 0
- Depreciation
- 8
- -145
- Tax %
- 0
- Net Profit
- -145
- EPS
- -6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
Mar 2020
- 77
- 387
- Operating Profit
- -300
- OPM %
- -391
- Other Income
- 10
- Interest
- 3
- Depreciation
- 9
- -312
- Tax %
- 0
- Net Profit
- -312
- 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 2021
- 253
- 388
- Operating Profit
- -130
- OPM %
- -51
- Other Income
- 5
- Interest
- 11
- Depreciation
- 11
- -151
- Tax %
- 0
- Net Profit
- -151
- EPS
- -6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
Mar 2022
- 137
- 324
- Operating Profit
- -180
- OPM %
- -131
- Other Income
- 7
- Interest
- 13
- Depreciation
- 10
- -203
- Tax %
- 0
- Net Profit
- -203
- 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 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
- 479
- Operating Profit
- -374
- OPM %
- -495
- Other Income
- 29
- Interest
- 2
- Depreciation
- 12
- -388
- Tax %
- 0
- Net Profit
- -388
- 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
- 399
- Operating Profit
- -325
- OPM %
- -454
- Other Income
- 2
- Interest
- 9
- Depreciation
- 11
- -345
- Tax %
- 0
- Net Profit
- -345
- 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
- 281
- Operating Profit
- 1,609
- OPM %
- 86
- Other Income
- 11
- Interest
- 34
- Depreciation
- 10
- 1,552
- Tax %
- 0
- Net Profit
- 1,552
- 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
- 304
- Operating Profit
- —
- OPM %
- —
- Other Income
- 25
- Interest
- 36
- Depreciation
- 10
- 1,583
- Tax %
- 0
- Net Profit
- 1,583
- 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:
- 28%
- 5 Years:
- 49%
- 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:
- -57%
- 5 Years:
- 3%
- 3 Years:
- 52%
- Last Year:
- 279%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 25 | 25 | 26 | 26 | 26 | 27 | 32 | 32 | 32 | 32 |
| 133 | 68 | 270 | -45 | -194 | -230 | 480 | 92 | -253 | 1,301 | |
| 0 | 0 | 0 | 60 | 118 | 75 | 0 | 47 | 158 | 556 | |
| Trade Payables | 94 | 102 | 83 | 159 | 91 | 72 | 148 | 150 | 124 | 106 |
| 24 | 117 | 19 | 72 | 189 | 336 | 169 | 165 | 267 | 172 | |
| Total Liabilities | 277 | 313 | 398 | 273 | 230 | 280 | 830 | 486 | 329 | 2,168 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 69 | 52 | 58 | 104 | 91 | 92 | 106 | 103 | 95 | 85 | |
| Capital Work in Progress | 1 | 3 | 24 | 4 | 5 | 4 | 2 | 1 | 1 | 0 |
| 10 | 108 | 211 | 8 | 6 | 12 | 291 | 2 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16 | 16 | 8 | |
| Cash & Bank | 70 | 1 | 1 | 0 | 9 | 1 | 112 | 155 | 1 | 0 |
| 126 | 149 | 106 | 156 | 118 | 172 | 320 | 210 | 216 | 2,073 | |
| Total Assets | 277 | 313 | 398 | 273 | 230 | 280 | 830 | 486 | 329 | 2,168 |
| Total Debt | 3 | 2 | 2 | 67 | 231 | 75 | 0 | 47 | 258 | 556 |
| Net Working Capital | 50 | 59 | 162 | -168 | -174 | -100 | 276 | 3 | -348 | 1,105 |
| Contingent Liabilities | 77 | 44 | 94 | 92 | 94 | 84 | 84 | 84 | 55 | 54 |
| Book Value per Share | 6.41 | 3.71 | 11.30 | -0.71 | -6.42 | -7.47 | 15.80 | 3.85 | -6.80 | 41.09 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 3 | 2 | 2 | 67 | 231 | 75 | 0 | 47 | 258 | 556 |
| Net Working Capital | 50 | 59 | 162 | -168 | -174 | -100 | 276 | 3 | -348 | 1,105 |
| Contingent Liabilities | 77 | 44 | 94 | 92 | 94 | 84 | 84 | 84 | 55 | 54 |
| Book Value per Share | 6.41 | 3.71 | 11.30 | -0.71 | -6.42 | -7.47 | 15.80 | 3.85 | -6.80 | 41.09 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 25
- 133
- 0
- Trade Payables
- 94
- 24
- Total Liabilities
- 277
- 69
- Capital Work in Progress
- 1
- 10
- 0
- Cash & Bank
- 70
- 126
- Total Assets
- 277
- Total Debt
- 3
- Net Working Capital
- 50
- Contingent Liabilities
- 77
- Book Value per Share
- 6.41
- Face Value
- 1.00
- Total Debt
- 3
- Net Working Capital
- 50
- Contingent Liabilities
- 77
- Book Value per Share
- 6.41
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 25
- 68
- 0
- Trade Payables
- 102
- 117
- Total Liabilities
- 313
- 52
- Capital Work in Progress
- 3
- 108
- 0
- Cash & Bank
- 1
- 149
- Total Assets
- 313
- Total Debt
- 2
- Net Working Capital
- 59
- Contingent Liabilities
- 44
- Book Value per Share
- 3.71
- Face Value
- 1.00
- Total Debt
- 2
- Net Working Capital
- 59
- Contingent Liabilities
- 44
- Book Value per Share
- 3.71
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 26
- 270
- 0
- Trade Payables
- 83
- 19
- Total Liabilities
- 398
- 58
- Capital Work in Progress
- 24
- 211
- 0
- Cash & Bank
- 1
- 106
- Total Assets
- 398
- Total Debt
- 2
- Net Working Capital
- 162
- Contingent Liabilities
- 94
- Book Value per Share
- 11.30
- Face Value
- 1.00
- Total Debt
- 2
- Net Working Capital
- 162
- Contingent Liabilities
- 94
- Book Value per Share
- 11.30
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 26
- -45
- 60
- Trade Payables
- 159
- 72
- Total Liabilities
- 273
- 104
- Capital Work in Progress
- 4
- 8
- 0
- Cash & Bank
- 0
- 156
- Total Assets
- 273
- Total Debt
- 67
- Net Working Capital
- -168
- Contingent Liabilities
- 92
- Book Value per Share
- -0.71
- Face Value
- 1.00
- Total Debt
- 67
- Net Working Capital
- -168
- Contingent Liabilities
- 92
- Book Value per Share
- -0.71
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 26
- -194
- 118
- Trade Payables
- 91
- 189
- Total Liabilities
- 230
- 91
- Capital Work in Progress
- 5
- 6
- 0
- Cash & Bank
- 9
- 118
- Total Assets
- 230
- Total Debt
- 231
- Net Working Capital
- -174
- Contingent Liabilities
- 94
- Book Value per Share
- -6.42
- Face Value
- 1.00
- Total Debt
- 231
- Net Working Capital
- -174
- Contingent Liabilities
- 94
- Book Value per Share
- -6.42
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 27
- -230
- 75
- Trade Payables
- 72
- 336
- Total Liabilities
- 280
- 92
- Capital Work in Progress
- 4
- 12
- 0
- Cash & Bank
- 1
- 172
- Total Assets
- 280
- Total Debt
- 75
- Net Working Capital
- -100
- Contingent Liabilities
- 84
- Book Value per Share
- -7.47
- Face Value
- 1.00
- Total Debt
- 75
- Net Working Capital
- -100
- Contingent Liabilities
- 84
- Book Value per Share
- -7.47
- Face Value
- 1.00
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
- 92
- 47
- Trade Payables
- 150
- 165
- Total Liabilities
- 486
- 103
- Capital Work in Progress
- 1
- 2
- 16
- Cash & Bank
- 155
- 210
- Total Assets
- 486
- Total Debt
- 47
- Net Working Capital
- 3
- Contingent Liabilities
- 84
- Book Value per Share
- 3.85
- Face Value
- 1.00
- Total Debt
- 47
- Net Working Capital
- 3
- Contingent Liabilities
- 84
- Book Value per Share
- 3.85
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 32
- -253
- 158
- Trade Payables
- 124
- 267
- Total Liabilities
- 329
- 95
- Capital Work in Progress
- 1
- 0
- 16
- Cash & Bank
- 1
- 216
- Total Assets
- 329
- Total Debt
- 258
- Net Working Capital
- -348
- Contingent Liabilities
- 55
- Book Value per Share
- -6.80
- Face Value
- 1.00
- Total Debt
- 258
- Net Working Capital
- -348
- Contingent Liabilities
- 55
- Book Value per Share
- -6.80
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 32
- 1,301
- 556
- Trade Payables
- 106
- 172
- Total Liabilities
- 2,168
- 85
- Capital Work in Progress
- 0
- 0
- 8
- Cash & Bank
- 0
- 2,073
- Total Assets
- 2,168
- Total Debt
- 556
- Net Working Capital
- 1,105
- Contingent Liabilities
- 54
- Book Value per Share
- 41.09
- Face Value
- 1.00
- Total Debt
- 556
- Net Working Capital
- 1,105
- Contingent Liabilities
- 54
- Book Value per Share
- 41.09
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -128 | -183 | -172 | -211 | -152 | -208 | -69 | -429 | -362 | -239 | |
| Cash from Investing | -7 | -105 | -102 | 155 | 2 | -29 | -548 | 391 | 158 | -24 |
| Cash from Financing | 194 | 224 | 274 | 55 | 159 | 229 | 617 | 43 | 201 | 262 |
| 60 | -63 | 0 | 0 | 9 | -8 | -1 | 4 | -4 | -1 | |
| Free Cash Flow | -128 | -183 | -206 | -246 | -152 | -217 | -80 | -434 | -363 | -239 |
| OCF / Net Profit | 1.08 | 0.93 | 1.18 | 0.67 | 1.01 | 1.02 | 0.31 | 1.11 | 1.05 | -0.15 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -914 | -1,003 | -901 | -1,130 | -1,247 | -1,334 |
| OCF / Net Profit | 1.08 | 0.93 | 1.18 | 0.67 | 1.01 | 1.02 | 0.31 | 1.11 | 1.05 | -0.15 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -914 | -1,003 | -901 | -1,130 | -1,247 | -1,334 |
Mar 2017
- -128
- Cash from Investing
- -7
- Cash from Financing
- 194
- 60
- Free Cash Flow
- -128
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 0
Mar 2018
- -183
- Cash from Investing
- -105
- Cash from Financing
- 224
- -63
- Free Cash Flow
- -183
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 0
Mar 2019
- -172
- Cash from Investing
- -102
- Cash from Financing
- 274
- 0
- Free Cash Flow
- -206
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- 0
Mar 2020
- -211
- Cash from Investing
- 155
- Cash from Financing
- 55
- 0
- Free Cash Flow
- -246
- OCF / Net Profit
- 0.67
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.67
- Cumulative 5-Year FCF
- 0
Mar 2021
- -152
- Cash from Investing
- 2
- Cash from Financing
- 159
- 9
- Free Cash Flow
- -152
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- -914
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- -914
Mar 2022
- -208
- Cash from Investing
- -29
- Cash from Financing
- 229
- -8
- Free Cash Flow
- -217
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- -1,003
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- -1,003
Mar 2023
- -69
- Cash from Investing
- -548
- Cash from Financing
- 617
- -1
- Free Cash Flow
- -80
- OCF / Net Profit
- 0.31
- Cumulative 5-Year FCF
- -901
- OCF / Net Profit
- 0.31
- Cumulative 5-Year FCF
- -901
Mar 2024
- -429
- Cash from Investing
- 391
- Cash from Financing
- 43
- 4
- Free Cash Flow
- -434
- OCF / Net Profit
- 1.11
- Cumulative 5-Year FCF
- -1,130
- OCF / Net Profit
- 1.11
- Cumulative 5-Year FCF
- -1,130
Mar 2025
- -362
- Cash from Investing
- 158
- Cash from Financing
- 201
- -4
- Free Cash Flow
- -363
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- -1,247
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- -1,247
Mar 2026
- -239
- Cash from Investing
- -24
- Cash from Financing
- 262
- -1
- Free Cash Flow
- -239
- OCF / Net Profit
- -0.15
- Cumulative 5-Year FCF
- -1,334
- OCF / Net Profit
- -0.15
- Cumulative 5-Year FCF
- -1,334
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -4.82 | -7.85 | -5.55 | -11.92 | -5.77 | -7.48 | -6.86 | -11.96 | -10.64 | 47.83 |
| Book Value (₹) | 6.41 | 3.71 | 11.30 | -0.71 | -6.42 | -7.47 | 15.80 | 3.85 | -6.80 | 41.09 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -4.49 | -7.52 | -5.26 | -11.56 | -5.35 | -7.11 | -6.50 | -11.59 | -10.30 | 48.14 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -60.20% | -303.69% | -75.35% | -390.87% | -51.22% | -131.08% | -85.09% | -534.50% | -456.03% | 85.03% |
| Net Margin % | -65.76% | -251.73% | -79.53% | -406.70% | -59.75% | -148.19% | -93.22% | -513.74% | -481.04% | 82.60% |
| ROE % | -127.40% | -156.84% | -74.72% | -225.08% | 0.00% | 0.00% | -143.72% | -121.73% | 0.00% | 278.92% |
| ROCE % | -94.66% | -113.05% | -59.95% | -178.95% | -254.10% | -225.57% | -69.44% | -112.88% | -321.18% | 164.61% |
| -53.72% | -66.85% | -40.89% | -93.11% | -60.18% | -79.80% | -40.10% | -58.96% | -84.65% | 124.31% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 48 | 132 | 28 | 62 | 24 | 60 | 46 | 117 | 80 | 2 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 48 | 132 | 28 | 62 | 24 | 60 | 46 | 117 | 80 | 2 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.02x | 0.02x | 0.01x | -3.59x | -1.37x | -0.37x | 0.00x | 0.38x | -1.17x | 0.42x |
| Interest Coverage (x) | -64.41x | -1596.71x | -1547.78x | -115.79x | -13.19x | -14.26x | -28.15x | -233.48x | -37.76x | 46.48x |
| 1.47x | 1.51x | 2.71x | 0.29x | 0.26x | 0.42x | 2.54x | 1.01x | 0.07x | 2.46x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 12.24% | -56.77% | 133.67% | -57.99% | 229.31% | -45.74% | 73.98% | -68.36% | -5.00% | 2518.47% |
| Operating Profit Growth % | -80.86% | -118.08% | 42.03% | -117.91% | 56.85% | -38.85% | -12.94% | -84.23% | 13.05% | 594.24% |
| Net Profit Growth % | -70.07% | -65.49% | 26.18% | -114.81% | 51.62% | -34.58% | -9.43% | -74.36% | 11.05% | 549.60% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -74.36% | 11.05% | 549.60% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.40x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 96.16x | -21.77x | 2.79x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -31.79x | -15.55x | 2.66x |
Mar 2017
- EPS (₹)
- -4.82
- Book Value (₹)
- 6.41
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.49
- Operating Margin %
- -60.20%
- Net Margin %
- -65.76%
- ROE %
- -127.40%
- ROCE %
- -94.66%
- -53.72%
- Debtor Days
- 48
- Inventory Days
- 0
- Payable Days
- 0
- 48
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- -64.41x
- 1.47x
- Revenue Growth %
- 12.24%
- Operating Profit Growth %
- -80.86%
- Net Profit Growth %
- -70.07%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -7.85
- Book Value (₹)
- 3.71
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -7.52
- Operating Margin %
- -303.69%
- Net Margin %
- -251.73%
- ROE %
- -156.84%
- ROCE %
- -113.05%
- -66.85%
- Debtor Days
- 132
- Inventory Days
- 0
- Payable Days
- 0
- 132
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- -1596.71x
- 1.51x
- Revenue Growth %
- -56.77%
- Operating Profit Growth %
- -118.08%
- Net Profit Growth %
- -65.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -5.55
- Book Value (₹)
- 11.30
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -5.26
- Operating Margin %
- -75.35%
- Net Margin %
- -79.53%
- ROE %
- -74.72%
- ROCE %
- -59.95%
- -40.89%
- Debtor Days
- 28
- Inventory Days
- 0
- Payable Days
- 0
- 28
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- -1547.78x
- 2.71x
- Revenue Growth %
- 133.67%
- Operating Profit Growth %
- 42.03%
- Net Profit Growth %
- 26.18%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -11.92
- Book Value (₹)
- -0.71
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -11.56
- Operating Margin %
- -390.87%
- Net Margin %
- -406.70%
- ROE %
- -225.08%
- ROCE %
- -178.95%
- -93.11%
- Debtor Days
- 62
- Inventory Days
- 0
- Payable Days
- 0
- 62
- Debt to Equity (x)
- -3.59x
- Interest Coverage (x)
- -115.79x
- 0.29x
- Revenue Growth %
- -57.99%
- Operating Profit Growth %
- -117.91%
- Net Profit Growth %
- -114.81%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -5.77
- Book Value (₹)
- -6.42
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -5.35
- Operating Margin %
- -51.22%
- Net Margin %
- -59.75%
- ROE %
- 0.00%
- ROCE %
- -254.10%
- -60.18%
- Debtor Days
- 24
- Inventory Days
- 0
- Payable Days
- 0
- 24
- Debt to Equity (x)
- -1.37x
- Interest Coverage (x)
- -13.19x
- 0.26x
- Revenue Growth %
- 229.31%
- Operating Profit Growth %
- 56.85%
- Net Profit Growth %
- 51.62%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -7.48
- Book Value (₹)
- -7.47
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -7.11
- Operating Margin %
- -131.08%
- Net Margin %
- -148.19%
- ROE %
- 0.00%
- ROCE %
- -225.57%
- -79.80%
- Debtor Days
- 60
- Inventory Days
- 0
- Payable Days
- 0
- 60
- Debt to Equity (x)
- -0.37x
- Interest Coverage (x)
- -14.26x
- 0.42x
- Revenue Growth %
- -45.74%
- Operating Profit Growth %
- -38.85%
- Net Profit Growth %
- -34.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
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 %
- -143.72%
- ROCE %
- -69.44%
- -40.10%
- Debtor Days
- 46
- Inventory Days
- 0
- Payable Days
- 0
- 46
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- -28.15x
- 2.54x
- Revenue Growth %
- 73.98%
- Operating Profit Growth %
- -12.94%
- Net Profit Growth %
- -9.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -11.96
- Book Value (₹)
- 3.85
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -11.59
- Operating Margin %
- -534.50%
- Net Margin %
- -513.74%
- ROE %
- -121.73%
- ROCE %
- -112.88%
- -58.96%
- Debtor Days
- 117
- Inventory Days
- 0
- Payable Days
- 0
- 117
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- -233.48x
- 1.01x
- Revenue Growth %
- -68.36%
- Operating Profit Growth %
- -84.23%
- Net Profit Growth %
- -74.36%
- -74.36%
- P/E (x)
- 0.00x
- P/B (x)
- 96.16x
- Dividend Yield %
- 0.00%
- -31.79x
Mar 2025
- EPS (₹)
- -10.64
- Book Value (₹)
- -6.80
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -10.30
- Operating Margin %
- -456.03%
- Net Margin %
- -481.04%
- ROE %
- 0.00%
- ROCE %
- -321.18%
- -84.65%
- Debtor Days
- 80
- Inventory Days
- 0
- Payable Days
- 0
- 80
- Debt to Equity (x)
- -1.17x
- Interest Coverage (x)
- -37.76x
- 0.07x
- Revenue Growth %
- -5.00%
- Operating Profit Growth %
- 13.05%
- Net Profit Growth %
- 11.05%
- 11.05%
- P/E (x)
- 0.00x
- P/B (x)
- -21.77x
- Dividend Yield %
- 0.00%
- -15.55x
Mar 2026
- EPS (₹)
- 47.83
- Book Value (₹)
- 41.09
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 48.14
- Operating Margin %
- 85.03%
- Net Margin %
- 82.60%
- ROE %
- 278.92%
- ROCE %
- 164.61%
- 124.31%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 46.48x
- 2.46x
- Revenue Growth %
- 2518.47%
- Operating Profit Growth %
- 594.24%
- Net Profit Growth %
- 549.60%
- 549.60%
- P/E (x)
- 2.40x
- P/B (x)
- 2.79x
- Dividend Yield %
- 0.00%
- 2.66x
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
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Jan 2026
Dec 2024
Apr 2024