On 6 Nov 2026, Sandu Pharmaceuticals was priced at ₹36.72, or 18.7× trailing earnings, against an industry P/E of 28.7×, and the shares are 27% below their 52-week high. Its ROCE of 6.1% is the lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers, and sales and net profit grew 2.3% and 5.1% a year over 3 years. It has almost no debt, and its dividend yield is 2.7%. It is a small-cap company with a market cap of ₹35 Cr, ranked 137th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares fell 16% over the past year.
- ₹37.99
- ₹37.99
- ₹36.00
- ₹36.99
- 3.8K
Health check
- ReturnsBehind
−16.4% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 18.7 vs industry 28.7.
- GrowthSlow
Sales +2.3%, profit +5.1% a year over 3 years.
- ProfitabilityWeak
ROCE 6.1% vs peer median 17.9%.
- Balance sheetSolid
Practically debt-free, Piotroski 9 of 9.
- Red flags2 to check
Return on equity is low at 4.1%.
Small cap
Defensive
Key metrics
- Market cap
- ₹35 Cr
- Small cap
- P/E
- 18.7
- Industry 28.7
- Price to book
- 0.91
- Peers 4.99
- Dividend yield
- 2.72%
- ROE
- 4.1%
- Peers 14.7%
- ROCE
- 6.1%
- Peers 17.9%
- Debt to equity
- 0.01
- Debt ₹0.42 Cr
- EPS (TTM)
- ₹1.96
- OPM (TTM)
- 4.3%
- Net margin 2.5%
- Sales growth
- −1.9%
- Latest quarter vs a year ago
- Profit growth
- +2.2%
- Latest quarter vs a year ago
- Price to sales
- 0.51
- EV/EBITDA 5.3
Strengths and risks
Strengths
- Practically debt-free.
- Dividend yield of 2.72%.
- P/E of 18.7 against an industry P/E of 28.7.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 4.1%.
- Quarterly sales down 1.9% on a year ago.
About Sandu Pharmaceuticals
Sandu Pharmaceuticals Limited manufactures and sells ayurvedic medicines under the SANDU brand in India and internationally. It offers immunity monsoon kit, sandu balm, sandu aptilift, sandu mahasudarshan kadha, sandu abhayarishta, sandu pathyadi kadha, sandu makarprash, sandu gulkand pravalyukta, sandu acivin herbal antacid, sandu ashwagandharishta, sandu amritarishta, sandu hemocleen excellent blood purifier, and sandu vanari granules. The company also…
- Headquarters
- Mumbai
- Employees
- 258
- Sector
- Healthcare
- ISIN
- INE751D01014
- Website
- sandu.in
Price range
- Avg volume (3M)
- 3K
- 1-year return
- minus 16.4%
- From 52-week high
- minus 26.6%
Peers · Drug Manufacturers - Specialty & Generic
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMASun Pharmaceutical Industries | 1,860.00 | plus 1.69% | 4,46,276 | 40.7 | 4.99 | 17.9% | 13.1% | 28.2% | 10.4% | 10.6% | 0.86% | plus 8.2% |
| DIVISLABDivi's Laboratories | 10,320.50 | plus 1.78% | 2,73,977 | 93.6 | 16.35 | 19.0% | 16.2% | 34.9% | 11.0% | 12.1% | 0.29% | plus 49.0% |
| TORNTPHARMTorrent Pharmaceuticals | 4,750.00 | plus 0.85% | 1,80,675 | 80.2 | 9.83 | 9.1% | 15.7% | 33.7% | 13.3% | 20.2% | 0.80% | plus 31.7% |
| LAURUSLABSLaurus Labs | 2,340.00 | minus 0.26% | 1,26,433 | 94.4 | 20.86 | 19.5% | 24.0% | 30.4% | 3.8% | 4.0% | 0.09% | plus 138.6% |
| ZYDUSLIFEZydus Lifesciences | 1,197.90 | plus 0.41% | 1,19,491 | 28.6 | 4.29 | 19.0% | 14.7% | 26.2% | 16.5% | 37.0% | 0.08% | plus 22.8% |
| DRREDDYDr. Reddy's Laboratories | 1,373.00 | plus 0.51% | 1,14,462 | 40.9 | 2.96 | 14.2% | 7.3% | 15.9% | 11.0% | −1.7% | 0.58% | plus 13.8% |
| CIPLACipla | 1,411.00 | plus 0.49% | 1,13,993 | 39.4 | 3.22 | 14.9% | 8.3% | 17.3% | 7.2% | 11.5% | 0.92% | minus 6.6% |
| SANDUPHQSandu Pharmaceuticals | 36.72 | minus 0.73% | 35 | 18.7 | 0.91 | 6.1% | 4.1% | 4.3% | 2.3% | 5.1% | 2.72% | minus 16.4% |
| Median of 7 peers | – | 0.51% | 1,26,433 | 40.9 | 4.99 | 17.9% | 14.7% | 28.2% | 11.0% | 11.5% | 0.58% | 22.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 16.7 | 17.6 | 18.8 | 16.9 | 16.4 | |
| 16.2 | 16.8 | 17.7 | 16.3 | 15.9 | |
| 0.5 | 0.9 | 1 | 0.6 | 0.5 | |
| 3.1% | 4.9% | 5.5% | 3.4% | 3.3% | |
| 0 | 0 | 0 | 0.4 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| 0.3 | 0.7 | 0.9 | 0.7 | 0.4 | |
| 34.1% | 26.6% | −14.0% | 94.6% | 36.7% | |
| 0.2 | 0.5 | 1 | 0 | 0.2 | |
| 0.23 | 0.54 | 1.01 | 0.04 | 0.37 |
Profit & loss
- Sales CAGR 3Y
- +2.3%
- Profit CAGR 3Y
- +5.1%
- EPS CAGR 3Y
- +4.1%
- ROE
- 4.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 65.3 | 67.3 | 67.2 | 69.9 | |
| – | +3.0% | minus 0.1% | +4.1% | |
| 62.9 | 65 | 64.4 | 66.6 | |
| 2.5 | 2.3 | 2.8 | 3.3 | |
| 3.8% | 3.4% | 4.1% | 4.7% | |
| 0.3 | 0.4 | 0.2 | 0.4 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.5 | 0.6 | 0.7 | 0.7 | |
| – | – | – | −0.3 | |
| 2.2 | 2.1 | 2.2 | 2.7 | |
| 31.4% | 29.5% | 28.2% | 33.5% | |
| 1.5 | 1.5 | 1.5 | 1.8 | |
| – | minus 3.9% | +6.0% | +14.0% | |
| 1.62 | 1.51 | 1.60 | 1.83 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.7 | 9.7 | 9.7 | 9.7 | |
| 29.6 | 30.9 | 32.4 | 34 | |
| – | 0.1 | 0.5 | 0.4 | |
| 14.9 | 11.8 | 13.2 | 11.8 | |
| 54.2 | 52.4 | 55.7 | 55.9 | |
| 17 | 17.8 | 18.1 | 18.1 | |
| 0.4 | – | – | 0.1 | |
| 11.6 | 12.2 | 11.3 | 12.3 | |
| 2.3 | 1.2 | 2.7 | 6.9 | |
| 22.9 | 21.1 | 23.7 | 18.5 | |
| 54.2 | 52.4 | 55.7 | 55.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.2 | 0.8 | 1 | 6.1 | |
| 0.5 | −1.3 | −0.2 | −0.6 | |
| 0.6 | −0.7 | −0.5 | −0.9 | |
| 1.3 | −1.3 | 0.3 | 4.6 | |
| −1.1 | −1.4 | −0.9 | −0.7 | |
| −0.8 | −0.7 | 0 | 5.4 | |
| −0.7 | −0.7 | −0.8 | −0.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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