SUNPHARMAHealthcare

Sun Pharmaceutical Industries Limited

Pharmaceuticals · ISIN INE044A01036 · BSE 524715 · NSE EQ · FV ₹1
Last price
₹1,773
+0.20%today
What this company does

Sun Pharmaceutical Industries Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹16,199 cr of revenue in its latest quarter (Q2 FY27) and kept 12.3% of sales as profit. It is the largest of 9 Pharmaceuticals companies we track, by market value.

In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 37–153 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
46

At close. Not part of the score.

Profitability & returns45

How much profit it earns on the money it employs

Balance sheet77

How much it owes, and whether earnings cover the interest

Cash quality69

Whether reported profit actually arrives as cash

Growth & consistency56

Whether sales and profit have grown, and how steadily

Valuation36

What today's price implies, against our models or its peers

Governance & risk97

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 12% vs last year
✓ Promoters hold 53%
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Profit down 36% vs last year
! 0.0% of promoter stake pledged

What if I invest in SUNPHARMA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,773▲ +0.20%
latest close · 2026-11-04
1-year return
+113.7%
52-wk low ₹73452-wk high ₹2,047
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio53.4High
LowAverageHigh
P/B ratio4.77High
Below bookModerateHigh
EV / EBITDA25.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.9%Fair
WeakFairStrong ▸15%
Return on capital14.2%Fair
WeakFairStrong
Net margin12.3%Decent
ThinDecentStrong
EBITDA margin24.6%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover43.3×Strong
RiskyOkayStrong ▸5×
Current ratio2.94Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹4.25 L cr
Book value
₹372
EPS
₹8.30
latest quarter
Net debt
₹-15,707 cr
more cash than debt
Enterprise value
₹4.10 L cr
EBITDA
₹15,970 cr
annualised
EBIT
₹12,936 cr
annualised
Operating margin
20.0%
Return on assets
6.9%
Earnings yield
1.87%
P/S
6.57
Sales / share
₹270.1
Tax rate
36.6%
Face value
₹1
Shares
239.9 cr
Working capital
₹45,675 cr
Current assets
₹69,267 cr
Current liabilities
₹23,592 cr
Delivery %
57.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹565–₹810, midpoint ₹688

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹16,199 cr
Other Income₹517 cr
Total Income₹16,716 cr
Cost of Materials₹2,319 cr
Purchases of Stock-in-Trade₹1,143 cr
Inventory Change (±)₹-365 cr
Employee Benefit Expense₹3,274 cr
Finance Costs₹75 cr
Depreciation & Amortisation₹758 cr
Other Expenses₹5,084 cr
Total Expenses₹12,288 cr
Exceptional Items₹-1,269 cr
Profit before Tax₹3,159 cr
Tax Expense₹1,158 cr
Share of JV / Associates₹-7 cr
Net Profit₹1,995 cr
Net margin on total income11.9%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹3,097 cr20.1%
Employee benefit expense₹3,274 cr21.2%
Finance costs₹75 cr0.5%
Depreciation & amortisation₹758 cr4.9%
Other expenses₹5,084 cr32.9%
Tax expense₹1,158 cr7.5%
Profit for the period₹1,995 cr12.9%
Total income ₹16,716 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue14,612 cr15,300 cr16,199 cr
Total income15,070 cr16,024 cr16,716 cr
Expenses11,519 cr11,721 cr12,288 cr
Profit before tax3,551 cr4,099 cr3,159 cr
Tax828 cr1,188 cr1,158 cr
Net profit (owners' share)2,714 cr2,895 cr1,989 cr
Net margin (owners' share, on revenue)18.6%18.9%12.3%
EPS (₹)11.3012.108.30
YoY (latest quarter): total income +11.8% · net profit -36.2%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹1.15 L cr
Shareholder equity
₹89,280 cr
parent shareholders
Total debt
₹2,693 cr
Cash
₹18,401 cr
Cash flow · H1 FY27
Operating
₹3,141 cr
Investing
₹8,307 cr
Financing
₹-2,937 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limitedthis company₹1,770₹4.25 L cr53.3
Divi's Laboratories Limited₹10,064₹2.67 L cr74.1
Torrent Pharmaceuticals Limited₹4,650₹1.77 L cr82.7
Laurus Labs Limited₹2,323₹1.26 L cr71.1
Zydus Lifesciences Limited₹1,241₹1.24 L cr33.2
Dr. Reddy's Laboratories Limited₹1,368₹1.14 L cr30.8
Cipla Limited₹1,397₹1.13 L cr32.2
Mankind Pharma Limited₹2,475₹1.02 L cr35.9
Aurobindo Pharma Limited₹1,695₹97,502 cr23.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.90%
trailing 12 months
Dividend / share (TTM)
₹16
Last dividend
₹5
ex 7 Jul 2026
ActionDetailEx-date
Dividend₹5 / share7 Jul 2026
Dividend₹11 / share5 Feb 2026
Dividend₹5.5 / share7 Jul 2025
Dividend₹10.5 / share6 Feb 2025
Dividend₹5 / share12 Jul 2024
Dividend₹8.5 / share9 Feb 2024
Who owns it · 2026-09-30
⚑ 0.0% pledged
Promoter
52.7%
FII / Foreign
14.4%
DII / Domestic
22.3%
Retail / others
10.7%
Promoter stake down 1.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldRAKSHA VALIA-Person Acting in Concert and immediate relative of Non Executive Non Independent Director (Member of Promoter Group) · Promoter Group20.20 L · ₹225.6 cr28 Aug 23
SoldRAKSHA VALIA-Person Acting in Concert and immediate relative of Non Executive Non Independent Director (Member of Promoter Group) · Promoter Group10.00 L · ₹93.7 cr22 May 23
BoughtADITYA MEDISALES LIMITED · Promoter Group59.90 L · ₹589.4 cr27 Mar 23
Bulk / block deals
short— · NSE7512 Nov 26
short— · NSE2130 Oct 26
short— · NSE36,70729 Oct 26
Stake changes
BoughtLife insurance Corporation of India→ 5.00% · 2.02 L13 Jan 26
SoldLife Insurance Corporation of India→ 3.01% · 4.83 cr13 Sep 23
DisposalAxis Trustee Services Limited→ 0.00%21 Oct 22
Promoter pledges
ReleasedAditya Birla Finance Limited was the lender50,000 · 0.52% held4 Sep 25
PledgedCiticorp Finance (India) Limited. who was the lender6.50 L · 0.49% held28 Jul 25
PledgedCiticorp Finance ( India) Ltd. Who was the lender6.50 L · 0.47% held4 Jul 25
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 31 Oct 2026
See the official result
1
Approval of the Sun Pharma Employees Stock Option Plan 2026 and Provision of Funds to the Trust
⚑ Passed only because promoters voted yes
Backed by 58% of shareholders other than promotersneeded 75%
52.10 cr votes for, 37.55 cr against · 46% of mutual funds and other big investors said no
2
Approval of Secondary Acquisition of Equity Shares by the Trust
⚑ Passed only because promoters voted yes
Backed by 58% of shareholders other than promotersneeded 75%
52.09 cr votes for, 37.55 cr against · 46% of mutual funds and other big investors said no
3
Approval for Extension of ESOP 2026 to Eligible Employees of Subsidiary Companies
⚑ Passed only because promoters voted yes
Backed by 58% of shareholders other than promotersneeded 75%
52.09 cr votes for, 37.55 cr against · 46% of mutual funds and other big investors said no
4
Approval for Enhancement of limits under Section 186 of the Companies Act, 2013
Backed by 99% of shareholders other than promotersneeded 75%
89.33 cr votes for, 52.00 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 52.7% between them · as of 2026-09-30
Shanghvi Finance Private Limited40.30%
Dilip.S.Shanghvi9.60%
Aditya Medisales Limited1.67%
Unimed Investments Limited0.43%
Vibha Dilip Shanghvi0.37%
Aalok Dilip Shanghvi0.12%
Vidhi Dilip Shanghvi0.12%
Shanghvi Family & Friends Benefit Trust0.05%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.