| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12,192 | 12,381 | 11,983 | 12,653 | 13,291 | 13,675 | 12,959 | 13,851 | 14,478 | 15,521 | 14,612 | 15,300 | |
Growth YoY Revenue Growth YoY% | 11.3 | 10.1 | 9.6 | 6.0 | 9.0 | 10.5 | 8.1 | 9.5 | 8.9 | 13.5 | 12.8 | 10.5 |
| 9,013 | 8,904 | 8,948 | 9,045 | 9,352 | 9,666 | 9,243 | 9,550 | 9,951 | 10,572 | 10,658 | 10,882 | |
| 3,179 | 3,477 | 3,035 | 3,608 | 3,939 | 4,009 | 3,716 | 4,302 | 4,527 | 4,948 | 3,954 | 4,418 | |
OPM OPM% | 26.1 | 28.1 | 25.3 | 28.5 | 29.6 | 29.3 | 28.7 | 31.1 | 31.3 | 31.9 | 27.1 | 28.9 |
| 294 | 180 | 504 | 533 | 354 | 149 | 251 | -354 | 470 | 89 | 459 | 520 | |
Interest Expense Interest ExpenseCr | 49 | 35 | 74 | 62 | 69 | 52 | 49 | 75 | 100 | 78 | 86 | 100 |
Depreciation DepreciationCr | 633 | 622 | 650 | 655 | 626 | 631 | 664 | 701 | 730 | 732 | 775 | 739 |
PBT PBTCr | 2,791 | 3,000 | 2,816 | 3,424 | 3,598 | 3,476 | 3,254 | 3,173 | 4,168 | 4,227 | 3,551 | 4,099 |
| 390 | 432 | 149 | 552 | 567 | 559 | 1,094 | 870 | 1,031 | 826 | 828 | 1,188 | |
| 2,401 | 2,568 | 2,667 | 2,871 | 3,031 | 2,918 | 2,161 | 2,303 | 3,137 | 3,401 | 2,724 | 2,911 | |
Growth YoY PAT Growth YoY% | 6.2 | 17.4 | 32.2 | 42.6 | 26.2 | 13.6 | -19.0 | -19.8 | 3.5 | 16.6 | 26.1 | 26.4 |
NPM NPM% | 19.7 | 20.7 | 22.3 | 22.7 | 22.8 | 21.3 | 16.7 | 16.6 | 21.7 | 21.9 | 18.6 | 19.0 |
| 9.9 | 10.5 | 11.1 | 11.8 | 12.7 | 12.1 | 9.0 | 9.5 | 13.0 | 14.0 | 11.3 | 12.1 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12,192 | 12,381 | 11,983 | 12,653 | 13,291 | 13,675 | 12,959 | 13,851 | 14,478 | 15,521 | 14,612 | 15,300 | |
Growth YoY Revenue Growth YoY% | 11.3 | 10.1 | 9.6 | 6.0 | 9.0 | 10.5 | 8.1 | 9.5 | 8.9 | 13.5 | 12.8 | 10.5 |
| 9,013 | 8,904 | 8,948 | 9,045 | 9,352 | 9,666 | 9,243 | 9,550 | 9,951 | 10,572 | 10,658 | 10,882 | |
| 3,179 | 3,477 | 3,035 | 3,608 | 3,939 | 4,009 | 3,716 | 4,302 | 4,527 | 4,948 | 3,954 | 4,418 | |
OPM OPM% | 26.1 | 28.1 | 25.3 | 28.5 | 29.6 | 29.3 | 28.7 | 31.1 | 31.3 | 31.9 | 27.1 | 28.9 |
| 294 | 180 | 504 | 533 | 354 | 149 | 251 | -354 | 470 | 89 | 459 | 520 | |
Interest Expense Interest ExpenseCr | 49 | 35 | 74 | 62 | 69 | 52 | 49 | 75 | 100 | 78 | 86 | 100 |
Depreciation DepreciationCr | 633 | 622 | 650 | 655 | 626 | 631 | 664 | 701 | 730 | 732 | 775 | 739 |
PBT PBTCr | 2,791 | 3,000 | 2,816 | 3,424 | 3,598 | 3,476 | 3,254 | 3,173 | 4,168 | 4,227 | 3,551 | 4,099 |
| 390 | 432 | 149 | 552 | 567 | 559 | 1,094 | 870 | 1,031 | 826 | 828 | 1,188 | |
| 2,401 | 2,568 | 2,667 | 2,871 | 3,031 | 2,918 | 2,161 | 2,303 | 3,137 | 3,401 | 2,724 | 2,911 | |
Growth YoY PAT Growth YoY% | 6.2 | 17.4 | 32.2 | 42.6 | 26.2 | 13.6 | -19.0 | -19.8 | 3.5 | 16.6 | 26.1 | 26.4 |
NPM NPM% | 19.7 | 20.7 | 22.3 | 22.7 | 22.8 | 21.3 | 16.7 | 16.6 | 21.7 | 21.9 | 18.6 | 19.0 |
| 9.9 | 10.5 | 11.1 | 11.8 | 12.7 | 12.1 | 9.0 | 9.5 | 13.0 | 14.0 | 11.3 | 12.1 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 28,487 | 31,578 | 26,489 | 29,066 | 32,838 | 33,498 | 38,654 | 43,886 | 48,497 | 52,578 | 58,462 | 59,911 |
Growth Revenue Growth% | 3.8 | 10.8 | -16.1 | 9.7 | 13.0 | 2.0 | 15.4 | 13.5 | 10.5 | 8.4 | 11.2 | 11.4 |
| 20,329 | 21,489 | 20,881 | 22,758 | 25,863 | 25,030 | 28,411 | 32,239 | 35,510 | 37,492 | 41,971 | 42,063 | |
| 8,158 | 10,089 | 5,608 | 6,308 | 6,974 | 8,468 | 10,244 | 11,647 | 12,987 | 15,086 | 16,491 | 17,847 | |
OPM OPM% | 28.6 | 31.9 | 21.2 | 21.7 | 21.2 | 25.3 | 26.5 | 26.5 | 26.8 | 28.7 | 28.2 | 29.8 |
| -27 | 623 | -112 | -189 | 391 | -3,447 | -3,491 | 463 | 896 | 1,473 | 1,904 | 1,537 | |
Interest Expense Interest ExpenseCr | 523 | 400 | 518 | 555 | 303 | 141 | 127 | 172 | 238 | 231 | 339 | 364 |
Depreciation DepreciationCr | 1,038 | 1,265 | 1,500 | 1,753 | 2,053 | 2,080 | 2,144 | 2,529 | 2,557 | 2,575 | 2,938 | 2,976 |
PBT PBTCr | 6,571 | 9,048 | 3,479 | 3,810 | 5,010 | 2,799 | 4,481 | 9,408 | 11,088 | 13,752 | 15,119 | 16,045 |
| 914 | 1,212 | 911 | 601 | 823 | 515 | 1,076 | 848 | 1,439 | 2,772 | 3,554 | 3,872 | |
PAT PATCr | 5,657 | 7,836 | 2,568 | 3,209 | 4,187 | 2,285 | 3,406 | 8,561 | 9,648 | 10,980 | 11,565 | 12,173 |
Growth PAT Growth% | 3.1 | 38.5 | -67.2 | 25.0 | 30.5 | -45.4 | 49.1 | 151.4 | 12.7 | 13.8 | 5.3 | 16.9 |
NPM NPM% | 19.9 | 24.8 | 9.7 | 11.0 | 12.8 | 6.8 | 8.8 | 19.5 | 19.9 | 20.9 | 19.8 | 20.3 |
| 18.9 | 29.0 | 8.7 | 11.1 | 15.7 | 12.1 | 13.6 | 35.3 | 39.9 | 45.6 | 47.8 | 50.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 28,487 | 31,578 | 26,489 | 29,066 | 32,838 | 33,498 | 38,654 | 43,886 | 48,497 | 52,578 | 58,462 | 59,911 |
Growth Revenue Growth% | 3.8 | 10.8 | -16.1 | 9.7 | 13.0 | 2.0 | 15.4 | 13.5 | 10.5 | 8.4 | 11.2 | 11.4 |
| 20,329 | 21,489 | 20,881 | 22,758 | 25,863 | 25,030 | 28,411 | 32,239 | 35,510 | 37,492 | 41,971 | 42,063 | |
| 8,158 | 10,089 | 5,608 | 6,308 | 6,974 | 8,468 | 10,244 | 11,647 | 12,987 | 15,086 | 16,491 | 17,847 | |
OPM OPM% | 28.6 | 31.9 | 21.2 | 21.7 | 21.2 | 25.3 | 26.5 | 26.5 | 26.8 | 28.7 | 28.2 | 29.8 |
| -27 | 623 | -112 | -189 | 391 | -3,447 | -3,491 | 463 | 896 | 1,473 | 1,904 | 1,537 | |
Interest Expense Interest ExpenseCr | 523 | 400 | 518 | 555 | 303 | 141 | 127 | 172 | 238 | 231 | 339 | 364 |
Depreciation DepreciationCr | 1,038 | 1,265 | 1,500 | 1,753 | 2,053 | 2,080 | 2,144 | 2,529 | 2,557 | 2,575 | 2,938 | 2,976 |
PBT PBTCr | 6,571 | 9,048 | 3,479 | 3,810 | 5,010 | 2,799 | 4,481 | 9,408 | 11,088 | 13,752 | 15,119 | 16,045 |
| 914 | 1,212 | 911 | 601 | 823 | 515 | 1,076 | 848 | 1,439 | 2,772 | 3,554 | 3,872 | |
PAT PATCr | 5,657 | 7,836 | 2,568 | 3,209 | 4,187 | 2,285 | 3,406 | 8,561 | 9,648 | 10,980 | 11,565 | 12,173 |
Growth PAT Growth% | 3.1 | 38.5 | -67.2 | 25.0 | 30.5 | -45.4 | 49.1 | 151.4 | 12.7 | 13.8 | 5.3 | 16.9 |
NPM NPM% | 19.9 | 24.8 | 9.7 | 11.0 | 12.8 | 6.8 | 8.8 | 19.5 | 19.9 | 20.9 | 19.8 | 20.3 |
| 18.9 | 29.0 | 8.7 | 11.1 | 15.7 | 12.1 | 13.6 | 35.3 | 39.9 | 45.6 | 47.8 | 50.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 241 | 240 | 240 | 240 | 240 | 240 | 240 | 240 | 240 | 240 | 240 |
Reserves ReservesCr | 32,741 | 36,400 | 38,074 | 41,169 | 45,025 | 46,223 | 47,771 | 55,755 | 63,427 | 71,978 | 83,330 |
| 13,144 | 17,887 | 19,864 | 17,340 | 15,706 | 16,146 | 17,208 | 19,906 | 16,984 | 18,194 | 22,622 | |
| 5,319 | 3,093 | 2,454 | 2,632 | 3,421 | 2,041 | 1,533 | 1,522 | 1,390 | 1,420 | 2,283 | |
| 55,530 | 61,410 | 64,516 | 64,694 | 68,252 | 67,667 | 69,808 | 80,744 | 85,500 | 92,101 | 1,08,785 | |
| 29,941 | 32,954 | 31,636 | 31,069 | 31,654 | 30,442 | 34,865 | 39,862 | 43,433 | 52,594 | 63,860 | |
| 25,589 | 28,457 | 32,880 | 33,625 | 36,598 | 37,225 | 34,943 | 40,882 | 42,067 | 39,507 | 44,925 | |
| 55,530 | 61,410 | 64,516 | 64,694 | 68,252 | 67,667 | 69,808 | 80,744 | 85,500 | 92,101 | 1,08,785 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 241 | 240 | 240 | 240 | 240 | 240 | 240 | 240 | 240 | 240 | 240 |
Reserves ReservesCr | 32,741 | 36,400 | 38,074 | 41,169 | 45,025 | 46,223 | 47,771 | 55,755 | 63,427 | 71,978 | 83,330 |
| 13,144 | 17,887 | 19,864 | 17,340 | 15,706 | 16,146 | 17,208 | 19,906 | 16,984 | 18,194 | 22,622 | |
| 5,319 | 3,093 | 2,454 | 2,632 | 3,421 | 2,041 | 1,533 | 1,522 | 1,390 | 1,420 | 2,283 | |
| 55,530 | 61,410 | 64,516 | 64,694 | 68,252 | 67,667 | 69,808 | 80,744 | 85,500 | 92,101 | 1,08,785 | |
| 29,941 | 32,954 | 31,636 | 31,069 | 31,654 | 30,442 | 34,865 | 39,862 | 43,433 | 52,594 | 63,860 | |
| 25,589 | 28,457 | 32,880 | 33,625 | 36,598 | 37,225 | 34,943 | 40,882 | 42,067 | 39,507 | 44,925 | |
| 55,530 | 61,410 | 64,516 | 64,694 | 68,252 | 67,667 | 69,808 | 80,744 | 85,500 | 92,101 | 1,08,785 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,686 | 7,082 | 3,907 | 2,196 | 6,555 | 6,170 | 8,985 | 4,959 | 12,135 | 14,072 | 12,419 | |
| -4,372 | -4,222 | -3,371 | -681 | -2,589 | 536 | -5,725 | -7,944 | -690 | -5,306 | -11,344 | |
| -1,889 | -2,285 | -1,539 | -2,731 | -5,715 | -5,980 | -5,193 | 2,376 | -6,710 | -7,906 | -2,513 | |
Net Cash Flow Net Cash FlowCr | 426 | 575 | -1,003 | -1,215 | -1,749 | 726 | -1,934 | -608 | 4,735 | 860 | -1,437 |
Free Cash Flow Free Cash FlowCr | 3,353 | 3,492 | 2,013 | -966 | 5,105 | 5,097 | 7,550 | 2,895 | 9,964 | 12,005 | 8,906 |
CFO To PAT CFO To PAT% | 118.2 | 90.4 | 152.2 | 68.4 | 156.6 | 270.1 | 263.8 | 57.9 | 125.8 | 128.2 | 107.4 |
CFO To EBITDA CFO To EBITDA% | 82.0 | 70.2 | 69.7 | 34.8 | 94.0 | 72.9 | 87.7 | 42.6 | 93.4 | 93.3 | 75.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,686 | 7,082 | 3,907 | 2,196 | 6,555 | 6,170 | 8,985 | 4,959 | 12,135 | 14,072 | 12,419 | |
| -4,372 | -4,222 | -3,371 | -681 | -2,589 | 536 | -5,725 | -7,944 | -690 | -5,306 | -11,344 | |
| -1,889 | -2,285 | -1,539 | -2,731 | -5,715 | -5,980 | -5,193 | 2,376 | -6,710 | -7,906 | -2,513 | |
Net Cash Flow Net Cash FlowCr | 426 | 575 | -1,003 | -1,215 | -1,749 | 726 | -1,934 | -608 | 4,735 | 860 | -1,437 |
Free Cash Flow Free Cash FlowCr | 3,353 | 3,492 | 2,013 | -966 | 5,105 | 5,097 | 7,550 | 2,895 | 9,964 | 12,005 | 8,906 |
CFO To PAT CFO To PAT% | 118.2 | 90.4 | 152.2 | 68.4 | 156.6 | 270.1 | 263.8 | 57.9 | 125.8 | 128.2 | 107.4 |
CFO To EBITDA CFO To EBITDA% | 82.0 | 70.2 | 69.7 | 34.8 | 94.0 | 72.9 | 87.7 | 42.6 | 93.4 | 93.3 | 75.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 1,97,219 | 1,64,999 | 1,18,862 | 1,14,988 | 84,505 | 1,43,384 | 2,19,491 | 2,35,879 | 3,88,812 | 4,16,393 | 4,21,647 | 4,43,013 |
Price To Earnings Price To Earnings | 43.4 | 23.7 | 56.8 | 43.1 | 22.4 | 49.4 | 67.1 | 27.8 | 40.6 | 38.1 | 36.7 | 36.6 |
Price To Sales Price To Sales | 6.9 | 5.2 | 4.5 | 4.0 | 2.6 | 4.3 | 5.7 | 5.4 | 8.0 | 7.9 | 7.2 | 7.4 |
Price To Book Price To Book | 6.0 | 4.5 | 3.1 | 2.8 | 1.9 | 3.1 | 4.6 | 4.2 | 6.1 | 5.8 | 5.0 | 5.3 |
EV To EBITDA EV To EBITDA | 23.6 | 15.7 | 21.2 | 18.6 | 12.3 | 16.6 | 21.1 | 20.4 | 29.4 | 27.0 | 25.1 | 24.3 |
GPM GPM% | 69.5 | 66.3 | 63.0 | 64.3 | 64.8 | 67.0 | 66.5 | 69.4 | 71.9 | 73.8 | 74.5 | 74.5 |
OPM OPM% | 28.6 | 31.9 | 21.2 | 21.7 | 21.2 | 25.3 | 26.5 | 26.5 | 26.8 | 28.7 | 28.2 | 29.8 |
NPM NPM% | 19.9 | 24.8 | 9.7 | 11.0 | 12.8 | 6.8 | 8.8 | 19.5 | 19.9 | 20.9 | 19.8 | 20.3 |
ROCE ROCE% | 17.2 | 21.1 | 8.3 | 8.5 | 10.1 | 5.8 | 9.3 | 15.2 | 16.9 | 18.8 | 17.5 | 17.5 |
ROE ROE% | 17.1 | 21.4 | 6.7 | 7.8 | 9.3 | 4.9 | 7.1 | 15.3 | 15.2 | 15.2 | 13.8 | 13.8 |
ROA ROA% | 10.2 | 12.8 | 4.0 | 5.0 | 6.1 | 3.4 | 4.9 | 10.6 | 11.3 | 11.9 | 10.6 | 10.6 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 1,97,219 | 1,64,999 | 1,18,862 | 1,14,988 | 84,505 | 1,43,384 | 2,19,491 | 2,35,879 | 3,88,812 | 4,16,393 | 4,21,647 | 4,43,013 |
Price To Earnings Price To Earnings | 43.4 | 23.7 | 56.8 | 43.1 | 22.4 | 49.4 | 67.1 | 27.8 | 40.6 | 38.1 | 36.7 | 36.6 |
Price To Sales Price To Sales | 6.9 | 5.2 | 4.5 | 4.0 | 2.6 | 4.3 | 5.7 | 5.4 | 8.0 | 7.9 | 7.2 | 7.4 |
Price To Book Price To Book | 6.0 | 4.5 | 3.1 | 2.8 | 1.9 | 3.1 | 4.6 | 4.2 | 6.1 | 5.8 | 5.0 | 5.3 |
EV To EBITDA EV To EBITDA | 23.6 | 15.7 | 21.2 | 18.6 | 12.3 | 16.6 | 21.1 | 20.4 | 29.4 | 27.0 | 25.1 | 24.3 |
GPM GPM% | 69.5 | 66.3 | 63.0 | 64.3 | 64.8 | 67.0 | 66.5 | 69.4 | 71.9 | 73.8 | 74.5 | 74.5 |
OPM OPM% | 28.6 | 31.9 | 21.2 | 21.7 | 21.2 | 25.3 | 26.5 | 26.5 | 26.8 | 28.7 | 28.2 | 29.8 |
NPM NPM% | 19.9 | 24.8 | 9.7 | 11.0 | 12.8 | 6.8 | 8.8 | 19.5 | 19.9 | 20.9 | 19.8 | 20.3 |
ROCE ROCE% | 17.2 | 21.1 | 8.3 | 8.5 | 10.1 | 5.8 | 9.3 | 15.2 | 16.9 | 18.8 | 17.5 | 17.5 |
ROE ROE% | 17.1 | 21.4 | 6.7 | 7.8 | 9.3 | 4.9 | 7.1 | 15.3 | 15.2 | 15.2 | 13.8 | 13.8 |
ROA ROA% | 10.2 | 12.8 | 4.0 | 5.0 | 6.1 | 3.4 | 4.9 | 10.6 | 11.3 | 11.9 | 10.6 | 10.6 |
Documents — Sun Pharmaceutical Industries Ltd
Concall Transcript Summaries — Sun Pharmaceutical Industries Ltd