Peer Group

Stock	Current Price Rs	PE TTM Price to Earnings	Market Capitalization in Cr	Dividend yield 1yr %	Net Profit Qtr Cr	Net Profit Annual Growth YoY %	Operating Revenues Qtr Cr	Revenue Growth Qtr YoY	Price to Book Value
Sun Pharmaceutical I.. Market Leader	413.70	27.75	99259.04	0.66	1501.38	21.85	8374.36	15.92	2.22
Dr. Reddy's Laborato.. Market Runner Up	2837.80	22.47	47164.24	0.70	660.20	108.92	3858.20	3.26	3.36
Divi's Laboratories ..	1637.95	32.60	43479.38	0.98	267.35	53.25	1139.92	14.53	6.23
Cipla Ltd.	463.30	24.35	37335.03	0.65	470.65	6.36	3989.02	1.27	2.43
Piramal Enterprises ..	1848.45	22.17	36756.43	1.51	377.14	-76.23	3506.25	20.80	1.35
Aurobindo Pharma Ltd.	619.15	14.30	36276.00	0.40	630.97	-2.40	5444.60	28.10	2.61
Lupin Ltd.	756.30	48.13	34230.14	0.66	301.74	140.05	4418.38	14.59	2.48
Torrent Pharmaceutic..	1727.20	59.78	29231.13	0.98	216.00	-35.66	2022.00	8.01	6.19

All values except ratios in INR(Crores)


Indicator	Jun-2019	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017
Total Revenue Qtr cr	3,327.6	3,231.4	2,289.0	2,832.2	2,639.0	2,460.1	2,078.7	2,715.7	1,828.3
Operating Revenues Qtr Cr	3,309.0	2,552.1	2,261.3	2,299.3	2,607.5	2,283.2	2,045.2	1,823.8	1,802.5
Other Income Qtr Cr	18.6	679.2	27.8	533.0	31.5	176.9	33.5	891.8	25.8
Operating Expenses Qtr Cr	2,366.6	1,993.6	2,086.7	2,239.6	2,101.4	2,087.0	1,866.9	1,907.4	1,975.3
Operating Profit Qtr Cr	942.4	558.5	174.6	59.6	506.1	196.2	178.3	-83.5	-172.8
Operating Profit Margin Qtr %	28.48%	21.88%	7.72%	2.59%	19.41%	8.59%	8.72%	-4.58%	-9.59%
Depreciation Qtr Cr	135.6	132.2	134.1	122.4	141.2	111.5	106.0	105.1	108.8
Interest Qtr Cr	57.3	119.4	133.4	151.4	136.8	110.6	64.7	129.6	83.4
Profit Before Tax Qtr Cr	768.1	986.2	-65.1	-895.5	259.6	151.1	41.0	573.6	-1,289.7
Tax Qtr Cr	4.8	-81.9	-26.4	10.9	0.2	-25.2	0.5	-3.4	1.3
Net Profit Qtr Cr	763.4	1,068.1	-38.7	-906.4	259.4	176.3	40.5	577.0	-1,291.0
Basic EPS Qtr Rs	3.2	4.5	-0.2	-3.8	1.1	0.7	0.2	2.4	-5.4
Net profit TTM Cr	886.3	382.4	-509.4	-430.3	1,053.2	-497.2	-578.8	-782.0	-1,174.5
Basic EPS TTM Rs	3.7	1.6	-2.1	-1.8	4.4	-2.1	-2.4	-3.3	-4.9

Quarterly Operating Revenues Qtr Cr Analysis

Operating Revenues Qtr Cr growth is higher than historical averages.

Quarterly Net Profit Qtr Cr Analysis

Net Profit Qtr Cr growth is lower than historical averages.


Indicator	Jun-2019	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017
Total Revenue Qtr cr	8,587.4	7,445.4	7,933.3	7,288.8	7,423.9	7,279.9	6,782.4	6,905.2	6,360.8
Operating Revenues Qtr Cr	8,374.4	7,163.9	7,740.2	6,937.6	7,224.2	6,977.1	6,653.2	6,650.3	6,208.8
Other Income Qtr Cr	213.0	281.5	193.1	351.1	199.8	302.8	129.2	254.8	152.0
Operating Expenses Qtr Cr	6,378.8	6,147.1	5,587.3	5,406.4	5,617.5	5,293.6	5,199.9	5,274.7	5,113.1
Operating Profit Qtr Cr	1,995.6	1,016.8	2,152.9	1,531.2	1,606.7	1,683.5	1,453.4	1,375.6	1,095.7
Operating Profit Margin Qtr %	23.83%	14.19%	27.81%	22.07%	22.24%	24.13%	21.84%	20.68%	17.65%
Depreciation Qtr Cr	457.1	454.1	471.1	426.5	401.6	455.2	339.3	358.6	346.6
Interest Qtr Cr	104.1	150.0	144.8	129.5	130.9	155.4	95.3	157.4	109.4
Profit Before Tax Qtr Cr	1,647.4	694.2	1,730.1	111.9	1,273.9	1,375.6	1,147.9	1,114.4	-158.9
Tax Qtr Cr	146.1	-28.8	270.9	218.9	163.9	-176.7	748.7	111.4	161.8
Net Profit Qtr Cr	1,501.4	723.0	1,459.2	-107.0	1,110.0	1,552.3	399.2	1,003.0	-320.7
Basic EPS Qtr Rs	5.8	2.6	5.2	-0.9	4.1	5.5	1.5	3.8	-1.8
Net profit TTM Cr	3,576.7	3,185.3	4,014.6	2,954.6	4,064.5	2,633.8	2,426.0	3,755.9	5,240.8
Basic EPS TTM Rs	14.9	13.3	16.7	12.3	16.9	11.0	10.1	15.7	21.8

Quarterly Operating Revenues Qtr Cr Analysis

Operating Revenues Qtr Cr growth is higher than historical averages.

Quarterly Net Profit Qtr Cr Analysis

Net Profit Qtr Cr growth is stable compared to historical averages.

Annual Results

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	TTM	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Total Revenue Annual Cr	11,680.2	11,574.6	10,134.3	8,199.0	8,046.3	8,228.8	3,006.6	2,668.8	4,358.8	3,302.3
Operating Revenues Annual Cr	10,421.6	10,303.2	9,006.3	7,684.0	7,614.5	8,017.2	2,828.8	2,432.1	4,015.6	3,107.6
Other Income Annual Cr	1,258.5	1,271.4	1,128.0	515.1	431.8	211.6	177.8	236.6	343.3	194.7
Operating Expenses Annual Cr	8,686.5	8,547.0	8,028.0	7,570.0	8,049.4	8,575.8	2,811.7	1,919.5	2,256.9	1,783.5
Operating Profit Annual in Cr	1,735.1	1,756.3	978.3	114.0	-435.0	-558.6	17.1	512.7	1,758.6	1,324.1
Operating Profit Margin Annual %		15.17%	9.65%	1.39%	-5.41%	-6.79%	0.57%	19.21%	40.35%	40.1%
Total Expenses Annual Cr		9,640.8	8,903.5	8,215.8	9,044.1	9,787.7	2,932.0	2,005.7	2,333.1	1,848.3
Other Expenses Annual Cr	3,182.7	3,302.3	2,832.1	2,773.0	3,447.6	3,575.7	1,467.0	788.4	882.9	625.5
Employee Expenses Annual Cr	1,626.9	1,571.3	1,625.0	1,499.9	1,480.5	1,486.7	279.6	234.9	316.6	261.1
Cost Of Power Purchased Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cost Of Fuel Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBIDT Annual Cr		3,027.7	2,106.3	629.0	-3.2	-347.0	194.8	749.3	2,101.9	1,518.8
EBIDT margin Annual %		26.16%	20.78%	7.67%	-0.04%	-4.22%	6.48%	28.08%	48.22%	45.99%
Other Income Annual Cr	1,258.5	1,271.4	1,128.0	515.1	431.8	211.6	177.8	236.6	343.3	194.7
Interest Annual Cr	461.4	540.9	388.3	223.6	530.6	551.3	18.4	0.4	0.4	0.6
Depreciation Cr	524.2	553.0	487.2	422.3	464.0	660.7	101.9	85.8	75.7	64.2
Profit Before Tax Annual Cr	793.7	719.5	280.3	-16.8	-1,067.9	-1,559.0	-2,801.1	663.0	1,725.8	1,454.0
Tax Annual Cr	-92.6	-97.2	-25.4	6.0	5.5	-84.8	27.4	146.5	28.3	70.2
PAT Before ExtraOrdinary Items Annual Cr		816.6	305.6	-22.8	-1,073.4	-1,474.1	-2,828.5	516.5	1,697.5	1,383.8
Minority Interest Income Annual Cr
Net Profit Annual Cr	886.3	816.6	305.6	-22.8	-1,073.4	-1,474.1	-2,828.5	516.5	1,697.5	1,383.8
Net Profit Margin Annual %		7.92%	3.39%	-0.29%	-14.09%	-18.38%	-99.99%	21.23%	42.27%	44.52%
Basic EPS Annual Rs		3.4	1.3	-0.1	-4.5	-6.1	-13.7	5.0	16.4	13.4

Annual Total Revenue Annual Cr Analysis

Total Revenue Annual Cr growth is stable compared to historical averages.

1 Year:: 11,574.65 Cr
3 Years:: 9,969.33 Cr
5 Years:: 9,236.61 Cr
7 Years:: 7,408.33 Cr

Annual Net Profit Annual Cr Analysis

Net Profit Annual Cr growth is stable compared to historical averages.

1 Year:: 816.6 Cr
3 Years:: 366.47 Cr
5 Years:: -289.62 Cr
7 Years:: -537.15 Cr

Annual ROE Annual % Analysis

ROE Annual % is stable compared to historical averages.

1 Year:: 3.57 %
3 Years:: 1.61 %
5 Years:: -1.33 %
7 Years:: -5.46 %


Indicator	TTM	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Total Revenue Annual Cr	31,254.9	30,091.4	27,254.3	31,931.3	29,145.3	27,981.1	16,632.6	11,688.0	8,491.0	6,082.7
Operating Revenues Annual Cr	30,216.1	29,065.9	26,415.5	31,308.1	28,487.0	27,433.4	16,080.4	11,299.9	8,019.5	5,727.9
Other Income Annual Cr	1,038.8	1,025.5	838.8	623.1	658.3	547.7	552.2	388.1	471.5	354.8
Operating Expenses Annual Cr	23,519.6	22,758.3	20,807.4	21,218.9	20,328.7	19,566.7	9,080.6	6,403.6	4,815.2	3,764.8
Operating Profit Annual in Cr	6,696.5	6,307.6	5,608.1	10,089.3	8,158.3	7,866.7	6,999.8	4,896.2	3,204.3	1,963.1
Operating Profit Margin Annual %		20.96%	20.58%	31.6%	27.99%	28.11%	42.08%	41.89%	37.74%	32.27%
Total Expenses Annual Cr		25,066.8	22,824.8	22,883.4	21,889.5	21,340.5	9,534.0	6,782.9	5,134.5	4,043.5
Other Expenses Annual Cr	9,225.2	8,922.3	8,015.7	8,185.8	9,226.0	8,397.7	4,226.8	2,795.8	1,987.5	1,485.1
Employee Expenses Annual Cr	6,074.5	5,967.1	5,367.1	4,902.3	4,772.3	4,429.9	2,074.4	1,534.5	1,187.7	819.0
Cost Of Power Purchased Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cost Of Fuel Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBIDT Annual Cr		7,333.1	6,446.9	10,712.4	8,816.6	8,414.4	7,552.0	5,284.3	3,675.8	2,317.9
EBIDT margin Annual %		24.37%	23.65%	33.55%	30.25%	30.07%	45.4%	45.21%	43.29%	38.11%
Other Income Annual Cr	1,038.8	1,025.5	838.8	623.1	658.3	547.7	552.2	388.1	471.5	354.8
Interest Annual Cr	528.4	555.3	517.6	399.8	523.2	579.0	44.2	43.2	28.2	73.9
Depreciation Cr	1,808.7	1,753.3	1,499.8	1,264.8	1,037.5	1,194.7	409.2	336.2	291.2	204.8
Profit Before Tax Annual Cr	4,183.7	3,810.2	3,479.0	9,047.9	6,570.6	6,402.9	4,581.2	4,321.4	3,356.5	2,039.2
Tax Annual Cr	607.1	600.9	845.2	1,211.6	913.8	914.7	702.2	845.5	313.2	128.6
PAT Before ExtraOrdinary Items Annual Cr		3,209.3	2,633.8	7,836.3	5,656.9	5,488.2	3,879.0	3,475.9	3,043.3	1,910.6
Minority Interest Income Annual Cr	-523.1	-542.4	-446.8	-881.9	-1,112.6	-936.3	-737.5	-486.3	-385.5	-91.3
Net Profit Annual Cr	3,576.7	3,209.3	2,633.8	7,836.3	5,656.9	5,488.2	3,879.0	3,469.3	3,042.2	1,907.4
Net Profit Margin Annual %		11.04%	9.97%	25.02%	19.85%	20.0%	24.12%	30.7%	37.93%	33.29%
Basic EPS Annual Rs		11.1	9.0	29.0	18.9	18.9	15.2	28.8	25.7	17.5

Annual Total Revenue Annual Cr Analysis

Total Revenue Annual Cr growth is stable compared to historical averages.

1 Year:: 30,091.4 Cr
3 Years:: 29,759.0 Cr
5 Years:: 29,280.67 Cr
7 Years:: 24,960.56 Cr

Annual Net Profit Annual Cr Analysis

Net Profit Annual Cr growth is higher than historical averages.

1 Year:: 3,209.32 Cr
3 Years:: 4,559.8 Cr
5 Years:: 4,964.9 Cr
7 Years:: 4,596.12 Cr

Annual ROE Annual % Analysis

ROE Annual % is growing faster than historical averages.

1 Year:: 6.43 %
3 Years:: 10.37 %
5 Years:: 12.52 %
7 Years:: 14.21 %

Financial Ratios

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Book Value Per Share Annual Rs	95.2	93.0	87.6	89.3	109.8	35.8	75.2	76.1	64.5
RoA Annual %	2.16%	0.83%	-0.06%	-3.13%	-3.93%	-20.44%	5.58%	18.58%	18.19%
ROE Annual %	3.57%	1.36%	-0.1%	-4.99%	-6.48%	-38.18%	6.63%	21.54%	20.71%
ROCE Annual %	10.12%	6.68%	0.9%	-4.23%	-5.58%	-27.91%	6.38%	20.92%	20.29%
Profitability Ratio
EBDIT Annual Margin %	29.38%	23.38%	8.18%	-0.04%	-4.32%	6.88%	30.8%	52.34%	48.87%
EBIT Annual Margin %	24.01%	17.97%	2.69%	-6.13%	-12.56%	3.28%	27.27%	50.45%	46.8%
PBT Annual Margin %	6.98%	3.11%	-0.21%	-14.02%	-19.44%	-99.02%	27.26%	42.97%	46.78%
Net Profit Margin Annual %	7.92%	3.39%	-0.29%	-14.09%	-18.38%	-99.99%	21.23%	42.27%	44.52%
Asset Turnover Annual %	27.31%	24.47%	22.68%	22.27%	21.41%	20.44%	26.3%	43.97%	40.85%
Liquidity Ratio
Current Ratio Annual	0.8	0.8	0.6	0.6	0.5	1.4	3.4	3.9	6.0
Quick Ratio Annual	0.6	0.6	0.4	0.4	0.3	1.1	2.6	3.3	5.2
Dividend Payout to NP Annual %	58.67%	261.0%	-1053.76%	-22.42%	-48.97%	-10.98%	100.24%	25.92%	26.19%
Dividend Payout CP Annual %	34.98%	100.61%	60.25%	-39.49%	-88.75%	-11.39%	85.95%	24.82%	25.03%
Earning Retention Annual %	41.33%	-161.0%	1153.76%	122.42%	148.97%	110.98%	-0.24%	74.08%	73.81%
Cash Earning Retention Annual %	65.02%	-0.61%	39.75%	139.49%	188.75%	111.39%	14.05%	75.18%	74.97%
Valuation Ratio
EnterpriseValue Annual Cr	120,496.2	125,484.6	169,644.3	202,702.4	216,735.1	121,019.8	84,360.3	57,690.0	44,552.4
EV Per Net Sales Annual	11.7	13.9	22.1	26.6	27.0	42.8	34.7	14.4	14.3
Price To Book Value Annual	5.0	5.3	7.9	9.2	9.3	16.0	10.9	7.5	6.8
EV Per EBITDA Annual	39.8	59.6	269.7	-64146.3	-624.5	621.2	112.6	27.4	29.3
Market Cap Per Sales Annual	11.2	13.2	21.5	25.9	26.4	42.0	34.8	14.7	14.7
Retention Ratio Annual %	41.32%	-161.0%	1153.76%	122.42%	148.97%	110.98%	-0.24%	74.07%	73.8%
Earnings Yield Annual	0.0	0.0	-0.0	-0.0	-0.0	-0.0	0.0	0.0	0.0
Cash Earning Retention Annual %	65.02%	-0.61%	39.75%	139.49%	188.75%	111.39%	14.05%	75.18%	74.97%
Total Debt to Total Equity Annual	0.3	0.3	0.2	0.3	0.2	0.3	0.0	0.0	0.0

Annual Book Value Per Share Annual Rs Analysis

Book Value Per Share Annual Rs growth is stable compared to historical averages.

1 Year:: 95.21 Rs
3 Years:: 91.94 Rs
5 Years:: 94.97 Rs
7 Years:: 83.69 Rs

Annual RoA Annual % Analysis

RoA Annual % is stable compared to historical averages.

1 Year:: 2.16 %
3 Years:: 0.98 %
5 Years:: -0.83 %
7 Years:: -2.71 %


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Book Value Per Share Annual Rs	186.4	175.0	168.5	154.0	137.3	98.7	160.5	129.4	99.8
RoA Annual %	4.12%	3.36%	11.34%	8.18%	9.25%	10.69%	14.28%	16.12%	14.62%
ROE Annual %	6.43%	5.67%	19.0%	13.78%	17.74%	16.95%	19.9%	21.71%	19.15%
ROCE Annual %	11.78%	11.13%	21.7%	18.35%	13.89%	13.43%	16.81%	19.17%	17.06%
Profitability Ratio
EBDIT Annual Margin %	25.22%	24.4%	34.21%	30.94%	30.67%	46.96%	46.76%	45.83%	40.46%
EBIT Annual Margin %	19.19%	18.72%	30.17%	27.3%	26.31%	44.41%	43.78%	42.2%	36.89%
PBT Annual Margin %	13.1%	13.17%	28.89%	23.06%	23.33%	28.48%	38.24%	41.85%	35.6%
Net Profit Margin Annual %	11.04%	9.97%	25.02%	19.85%	20.0%	24.12%	30.7%	37.93%	33.29%
Asset Turnover Annual %	44.92%	41.07%	50.98%	51.3%	55.95%	54.74%	54.11%	48.67%	46.12%
Liquidity Ratio
Current Ratio Annual	1.8	1.6	1.8	2.3	1.8	3.1	3.8	3.9	4.3
Quick Ratio Annual	1.3	1.2	1.5	1.8	1.4	2.6	2.9	3.1	3.5
Dividend Payout to NP Annual %	17.97%	36.9%	3.45%	15.88%	15.9%	9.88%	17.35%	16.56%	19.95%
Dividend Payout CP Annual %	10.84%	21.78%	2.92%	12.93%	12.59%	8.74%	15.59%	14.93%	17.93%
Earning Retention Annual %	82.03%	63.1%	96.55%	84.12%	84.1%	90.12%	82.65%	83.44%	80.05%
Cash Earning Retention Annual %	89.16%	78.22%	97.08%	87.07%	87.41%	91.26%	84.41%	85.07%	82.07%
Valuation Ratio
EnterpriseValue Annual Cr	120,917.8	122,567.9	161,740.9	196,428.9	211,177.9	115,572.3	82,522.9	57,036.7	44,760.4
EV Per Net Sales Annual	4.2	4.6	5.2	6.9	7.7	7.2	7.3	7.1	7.8
Price To Book Value Annual	2.8	3.1	4.5	6.0	8.3	6.4	5.7	4.8	4.8
EV Per EBITDA Annual	16.5	19.0	15.1	22.3	25.1	15.3	15.6	15.5	19.3
Market Cap Per Sales Annual	4.0	4.5	5.3	6.9	7.7	7.4	7.5	7.4	8.0
Retention Ratio Annual %	82.02%	63.09%	96.54%	84.11%	84.09%	90.11%	82.64%	83.43%	80.04%
Earnings Yield Annual	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash Earning Retention Annual %	89.16%	78.22%	97.08%	87.07%	87.41%	91.26%	84.41%	85.07%	82.07%
Total Debt to Total Equity Annual	0.2	0.3	0.2	0.3	0.3	0.1	0.0	0.0	0.0

Annual Book Value Per Share Annual Rs Analysis

Book Value Per Share Annual Rs growth is stable compared to historical averages.

1 Year:: 186.4 Rs
3 Years:: 176.63 Rs
5 Years:: 164.24 Rs
7 Years:: 154.35 Rs

Annual RoA Annual % Analysis

RoA Annual % is growing faster than historical averages.

1 Year:: 4.12 %
3 Years:: 6.27 %
5 Years:: 7.25 %
7 Years:: 8.75 %

Balance Sheet

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Total ShareHolders Funds Annual Cr	22,843.6	22,322.6	21,012.5	21,483.1	22,737.9	7,407.9	7,788.9	7,878.1	6,680.5
Equity Share Capital Annual Cr	239.9	239.9	239.9	240.7	207.1	207.1	103.6	103.6	103.6
Total Share Capital Annual Cr	239.9	239.9	239.9	240.7	207.1	207.1	103.6	103.6	103.6
Reserves Plus Surplus Annual Cr	22,603.7	22,082.7	20,772.5	21,242.4	22,530.8	7,200.8	7,685.3	7,774.6	6,577.0
Total Reserves Plus Surplus Annual Cr	22,603.7	22,082.7	20,772.5	21,242.4	22,530.8	7,200.8	7,685.3	7,774.6	6,577.0
Minority Interest Liability Annual Cr
Total Non Current Liabilities Annual Cr	1,598.7	1,910.8	1,894.2	3,867.4	3,607.2	2,723.1	302.6	234.6	139.4
Deferred Tax Liabilities Annual Cr	0.0	0.0	0.0	0.0	0.0	192.8	165.4	133.9	128.5
Other LongTerm Liabilities Annual Cr	19.1	0.9	0.7	13.6	14.4	1.4	1.0	2.0	2.2
Total Current Liabilities Annual Cr	13,271.8	12,558.4	10,962.6	8,838.8	11,052.1	3,706.1	1,155.1	1,018.5	786.7
Trade Payables Annual Cr	2,154.9	2,566.0	2,072.6	1,772.4	1,485.0	380.1	363.3	400.2	269.7
Other Current Liabilities Annual Cr	4,145.1	2,125.9	2,988.6	1,906.8	3,247.6	233.6	145.2	62.5	42.1
Short Term Provisions Annual Cr	2,543.7	2,652.8	1,847.4	1,425.8	2,066.7	688.0	608.1	515.5	424.4
Total Capital Plus Liabilities Annual Cr	37,714.1	36,791.8	33,869.3	34,189.9	37,445.6	13,837.0	9,246.5	9,131.2	7,606.6
Fixed Assets Annual Cr	5,621.0	5,632.4	5,139.1	4,335.9	4,275.9	1,747.6	1,483.8	1,226.2	990.0
Tangible Assets Annual Cr	4,709.2	4,400.5	3,869.3	3,512.9	3,115.3	1,257.6	1,134.8	975.9	783.2
Intangible Assets Annual Cr	269.2	244.1	169.3	55.3	70.0	9.6	1.0	1.4	11.2
Capital Work In Progress Annual Cr	456.3	830.4	1,055.1	767.7	1,086.3	480.5	348.0	248.9	195.7
Total Non Current Assets Annual Cr	26,544.4	27,216.6	27,481.1	28,846.2	31,995.3	8,665.0	5,359.2	5,160.3	2,912.7
Non Current Investments Annual Cr	17,656.2	18,310.5	19,293.3	22,283.1	25,782.2	6,155.7	3,376.5	3,592.8	1,778.6
Deferred Tax Assets Annual Cr	751.7	751.7	749.1	0.0	0.0	0.0	0.0	0.0	0.0
Long Term Loans Plus Advances Annual Cr	1.0	3.4	4.9	2,165.5	1,895.2	761.5	491.1	338.5	143.9
Other Non Current Assets Annual Cr	2,514.5	2,518.6	2,294.7	61.8	42.0	0.1	7.8	2.8	0.2
Total Current Assets Annual Cr	11,169.8	9,575.2	6,388.2	5,343.7	5,450.3	5,172.0	3,887.3	3,970.9	4,693.9
Current Investments Annual Cr	247.9	44.8	40.0	82.5	93.9	860.0	941.0	845.0	1,822.8
Trade Receivables Annual Cr	5,031.5	5,271.4	2,714.7	2,016.8	1,802.8	452.8	737.5	713.5	542.6
Cash Plus Cash Equivalents Annual Cr	340.8	155.3	170.3	169.4	416.5	141.5	431.1	1,327.7	1,250.9
Short Term Loans Plus Advances Annual Cr	294.7	52.0	13.8	745.0	696.7	309.3	849.5	390.6	418.4
Other Current Assets Annual Cr	2,462.2	1,916.0	1,141.1	197.8	251.1	2,490.1	59.3	54.0	40.9
Total Assets Annual Cr	37,714.1	36,791.8	33,869.3	34,189.9	37,445.6	13,837.0	9,246.5	9,131.2	7,606.6
Contingent Liabilities plus Commitments Annual Cr	5,549.8	1,186.6	5,829.1	3,697.9	3,147.2	1,816.6	1,103.4	781.5	477.8
Bonus Equity Share Capital Annual Cr	183.8	183.8	183.8	184.4	184.4	184.4	80.8	80.8	80.8
Non Current Investments Unquoted BookValue Annual Cr	17,590.8	18,686.0	134.2	22,871.4	26,370.5	6,094.0	3,314.8	3,531.1	1,711.0
Current Investments Unquoted BookValue Annual Cr	245.3	42.1	40.0	73.6	85.0	860.0	941.0	832.7	1,787.8

Annual Long Term Debt To Equity Annual Analysis

Long Term Debt To Equity Annual growth is stable compared to historical averages.

1 Year:: 0.06
3 Years:: 0.06
5 Years:: 0.06
7 Years:: 0.04

Annual Total Assets Annual Cr Analysis

Total Assets Annual Cr growth is lower than historical averages.

1 Year:: 37,714.13 Cr
3 Years:: 36,125.07 Cr
5 Years:: 36,002.14 Cr
7 Years:: 29,013.45 Cr


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011	Graph
Total ShareHolders Funds Annual Cr	41,409.1	38,100.6	36,639.7	32,982.5	25,589.7	18,525.0	14,989.7	12,235.8	9,483.3
Equity Share Capital Annual Cr	239.9	239.9	239.9	240.7	207.1	207.1

Sun Pharmaceutical Industries Ltd.

Analyst Rating

No of reports

33

Target upgrades

4

Recommendation downgrade

1

Price to Book Value

2.22

Operating Revenues Qtr Cr c

8,374.36 Cr

Net Profit Qtr Cr c

1,501.38 Cr

RSI

45.07

MFI

36

MACD

-1.40

MACD signal

0.78

SMA 30

423.76

SMA 50

422.50

SMA 100

416.36

SMA 200

429.14

Promoter holding %

54.38

FII holding %

14.93

MF holding %

10.09

Institutional holding %

32.91

Peer Group

Write Query

Quarterly Results

Quarterly Operating Revenues Qtr Cr Analysis

Quarterly Net Profit Qtr Cr Analysis

Quarterly Operating Revenues Qtr Cr Analysis

Quarterly Net Profit Qtr Cr Analysis

Annual Results

Annual Total Revenue Annual Cr Analysis

Average Total Revenue Annual Cr

Annual Net Profit Annual Cr Analysis

Average Net Profit Annual Cr

Annual ROE Annual % Analysis

Average ROE Annual %

Annual Total Revenue Annual Cr Analysis

Average Total Revenue Annual Cr

Annual Net Profit Annual Cr Analysis

Average Net Profit Annual Cr

Annual ROE Annual % Analysis

Average ROE Annual %

Financial Ratios

Annual Book Value Per Share Annual Rs Analysis

Average Book Value Per Share Annual Rs

Annual RoA Annual % Analysis

Average RoA Annual %

Annual Book Value Per Share Annual Rs Analysis

Average Book Value Per Share Annual Rs

Annual RoA Annual % Analysis

Average RoA Annual %

Balance Sheet

Annual Long Term Debt To Equity Annual Analysis

Average Long Term Debt To Equity Annual

Annual Total Assets Annual Cr Analysis

Average Total Assets Annual Cr