Sun Pharmaceutical Industries (SUNPHARMA) had a P/E of 40.7× on 6 Nov 2026, above the industry P/E of 28.7×. Sales and net profit grew 10% and 11% a year over 3 years, with ROCE of 18% and ROE of 13%. It carries very little debt, and its dividend yield is 0.9%. It is a large-cap company with a market cap of ₹4.5 lakh crore, the largest of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares rose 8.2% over the past year.
- ₹1,823.00
- ₹1,868.90
- ₹1,814.70
- ₹1,829.00
- 23.5 L
Health check
- ReturnsBehind
+8.2% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 40.7 vs industry 28.7.
- GrowthSlow
Sales +10.4%, profit +10.6% a year over 3 years.
- ProfitabilityAverage
ROCE 17.9% vs peer median 14.9%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags1 to check
Quarterly profit down 36.2% on a year ago.
Large cap
Market sensitivity
Key metrics
- Market cap
- ₹4.5L Cr
- Large cap
- P/E
- 40.7
- Industry 28.7
- Price to book
- 4.99
- Peers 5.97
- Dividend yield
- 0.86%
- ROE
- 13.1%
- Peers 14.7%
- ROCE
- 17.9%
- Peers 14.9%
- Debt to equity
- 0.04
- Debt ₹3,241 Cr
- EPS (TTM)
- ₹45.70
- Face value ₹1
- OPM (TTM)
- 28.2%
- Net margin 17.8%
- Sales growth
- +11.9%
- Latest quarter vs a year ago
- Profit growth
- −36.2%
- Latest quarter vs a year ago
- Price to sales
- 7.24
- EV/EBITDA 24.3
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 36.2% on a year ago.
About Sun Pharmaceutical Industries
Sun Pharmaceutical Industries Limited, a generic pharmaceutical company, develops, manufactures, and markets branded and generic formulations, and active pharmaceutical ingredients (APIs) in India, the United States, and internationally. The company offers formulations in various therapeutic areas, including neuropsychiatry, cardiology, diabetes, gastroenterology, pain/analgesics, gynecology, ophthalmology, urology, dermatology, respiratory,…
- Headquarters
- Mumbai
- Employees
- 47,000
- Sector
- Healthcare
- ISIN
- INE044A01036
- Website
- sunpharma.com
Price range
- Avg volume (3M)
- 17.5 L
- 1-year return
- plus 8.2%
- From 52-week high
- minus 9.1%
Analyst consensus
Next results expected around 28 Jan 2027
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% |
| MANKINDMankind Pharma | 2,540.00 | plus 0.87% | 1,04,913 | 46.8 | 5.97 | 13.7% | 13.6% | 26.5% | 17.7% | 14.3% | 0.00% | plus 6.3% |
| Median of 7 peers | – | 0.51% | 1,19,491 | 46.8 | 5.97 | 14.9% | 14.7% | 26.5% | 11.0% | 12.1% | 0.29% | 22.8% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 13,786 | 15,469 | 14,560 | 15,184 | 16,100 | |
| 9,713 | 10,675 | 11,032 | 10,888 | 11,435 | |
| 4,073 | 4,795 | 3,527 | 4,296 | 4,665 | |
| 29.5% | 31.0% | 24.2% | 28.3% | 29.0% | |
| 694 | 733 | 885 | 846 | 596 | |
| 74.8 | 78.4 | 85.9 | 99.7 | 74.7 | |
| 701 | 732 | 775 | 739 | 758 | |
| −818 | −489 | – | −204 | −1,269 | |
| 3,173 | 4,227 | 3,551 | 4,099 | 3,159 | |
| 27.4% | 19.5% | 23.3% | 29.0% | 36.6% | |
| 2,279 | 3,369 | 2,714 | 2,895 | 1,989 | |
| 9.50 | 14.00 | 11.30 | 12.10 | 8.30 |
Profit & loss
- Sales CAGR 3Y
- +10.4%
- Profit CAGR 3Y
- +10.6%
- EPS CAGR 3Y
- +10.6%
- ROE
- 13.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 43,279 | 47,758 | 52,041 | 58,220 | |
| – | +10.4% | +9.0% | +11.9% | |
| 31,471 | 34,734 | 36,885 | 41,687 | |
| 11,808 | 13,025 | 15,157 | 16,533 | |
| 27.3% | 27.3% | 29.1% | 28.4% | |
| 485 | 1,269 | 1,569 | 2,316 | |
| 172 | 238 | 231 | 339 | |
| 2,530 | 2,557 | 2,575 | 2,938 | |
| −181 | −411 | −167 | −453 | |
| 9,408 | 11,088 | 13,752 | 15,119 | |
| 9.0% | 13.0% | 20.2% | 23.5% | |
| 8,474 | 9,576 | 10,929 | 11,479 | |
| – | +13.0% | +14.1% | +5.0% | |
| 35.30 | 39.90 | 45.60 | 47.80 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 240 | 240 | 240 | 240 | |
| 55,755 | 63,427 | 71,978 | 83,330 | |
| 6,886 | 3,274 | 2,362 | 4,627 | |
| 17,862 | 18,559 | 17,520 | 20,588 | |
| 80,744 | 85,500 | 92,101 | 1,08,785 | |
| 11,484 | 11,489 | 11,487 | 12,637 | |
| 1,094 | 1,297 | 1,451 | 1,523 | |
| 5,152 | 6,065 | 4,374 | 3,141 | |
| 15,415 | 19,329 | 26,318 | 33,781 | |
| 47,599 | 47,321 | 48,472 | 57,703 | |
| 80,744 | 85,500 | 92,101 | 1,08,785 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4,959 | 12,135 | 14,072 | 12,419 | |
| −7,944 | −690 | −5,306 | −11,344 | |
| 2,376 | −6,710 | −7,906 | −2,513 | |
| −608 | 4,735 | 860 | −1,437 | |
| −2,086 | −2,202 | −2,129 | −3,609 | |
| 2,874 | 9,933 | 11,944 | 8,810 | |
| −2,519 | −2,898 | −3,614 | −3,934 |
Shareholding pattern
- Promoters52.68%
- Public47.32%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 52.68% | 47.32% | minus 1.80 | |
| 30 Jun 2026 | 54.48% | 45.52% | 0.00 | |
| 31 Mar 2026 | 54.48% | 45.52% | 0.00 | |
| 31 Dec 2025 | 54.48% | 45.52% | 0.00 | |
| 30 Sep 2025 | 54.48% | 45.52% | – |
Major shareholders
Filings & events
News
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