About
Sun Pharma Advanced Research Company Limited engages in the research and development of pharmaceutical products in India and internationally. It develops Sezaby, a benzyl alcohol and propylene glycol free formulation of phenobarbital sodium injection for the treatment of neonatal seizures; SPARC-121, a novel topical agent for the treatment of Alopecia Areata; and SPARC-122, an anti-MUC1 ADC for treatment of multiple cancer indications. The company is also involved in the development of PDP-716 for treatment of open-angle glaucoma. Sun Pharma Advanced Research Company Limited was incorporated in 2006 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap6,475 Cr
P/E4.06
Div Yield0.00 %
Book Value₹41.30
52w High₹289.00
52w Low₹108.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40.00 | 1,853.00 | 8.00 | 8.00 | 10.00 | 27.00 | 15.00 | 13.00 | 17.00 | 17.00 | 14.00 | 21.00 | 24.00 |
| Expenses | 74.00 | 80.00 | 65.00 | 74.00 | 62.00 | 81.00 | 89.00 | 117.00 | 112.00 | 124.00 | 116.00 | 113.00 | 126.00 |
| Operating Profit | -34.00 | 1,773.00 | -57.00 | -66.00 | -52.00 | -54.00 | -74.00 | -104.00 | -95.00 | -108.00 | -103.00 | -91.00 | -102.00 |
| OPM % | -86.00 | 96.00 | -673.00 | -838.00 | -543.00 | -198.00 | -499.00 | -808.00 | -566.00 | -649.00 | -740.00 | -432.00 | -427.00 |
| Other Income | 24.00 | 2.00 | -12.00 | 0.00 | 9.00 | 0.00 | 0.00 | 0.00 | 2.00 | 4.00 | 6.00 | 8.00 | 10.00 |
| Depreciation | 2.00 | 2.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Interest | 8.00 | 12.00 | 9.00 | 8.00 | 6.00 | 5.00 | 3.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -21.00 | 1,761.00 | -81.00 | -76.00 | -52.00 | -61.00 | -80.00 | -108.00 | -97.00 | -107.00 | -100.00 | -86.00 | -95.00 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | -21.00 | 1,761.00 | -81.00 | -76.00 | -52.00 | -61.00 | -80.00 | -108.00 | -97.00 | -107.00 | -100.00 | -86.00 | -95.00 |
| EPS in Rs | -0.65 | 54.26 | -2.48 | -2.34 | -1.60 | -1.88 | -2.46 | -3.32 | -2.98 | -3.29 | -3.07 | -2.66 | -2.94 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,879.00 | 72.00 | 76.00 | 239.00 | 137.00 | 253.00 | 77.00 | 183.00 | 78.00 | 181.00 | 161.00 | 156.00 |
| Expenses | 281.00 | 399.00 | 479.00 | 453.00 | 324.00 | 388.00 | 387.00 | 334.00 | 321.00 | 304.00 | 224.00 | 191.00 |
| Operating Profit | 1,598.00 | -327.00 | -404.00 | -214.00 | -187.00 | -135.00 | -310.00 | -151.00 | -243.00 | -123.00 | -63.00 | -35.00 |
| OPM % | 85.00 | -456.00 | -534.00 | -90.00 | -136.00 | -53.00 | -404.00 | -83.00 | -310.00 | -68.00 | -39.00 | -23.00 |
| Other Income | -2.00 | 2.00 | 29.00 | 11.00 | 7.00 | 5.00 | 10.00 | 14.00 | 54.00 | 14.00 | 3.00 | 3.00 |
| Interest | 34.00 | 9.00 | 2.00 | 8.00 | 13.00 | 11.00 | 3.00 | 0.00 | 0.00 | 2.00 | 2.00 | 0.00 |
| Depreciation | 10.00 | 11.00 | 12.00 | 12.00 | 10.00 | 11.00 | 9.00 | 8.00 | 8.00 | 8.00 | 8.00 | 7.00 |
| Profit before tax | 1,552.00 | -345.00 | -388.00 | -223.00 | -203.00 | -151.00 | -312.00 | -145.00 | -197.00 | -119.00 | -70.00 | -40.00 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 1,552.00 | -345.00 | -388.00 | -223.00 | -203.00 | -151.00 | -312.00 | -145.00 | -197.00 | -119.00 | -70.00 | -40.00 |
| EPS in Rs | 47.83 | -10.64 | -11.96 | -6.86 | -7.48 | -5.77 | -11.92 | -5.55 | -7.85 | -4.82 | -2.83 | -1.60 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 32.00 | 32.00 | 32.00 | 32.00 | 27.00 | 26.00 | 26.00 | 26.00 | 25.00 | 25.00 | 24.00 | 24.00 |
| Reserves | 1,301.00 | -253.00 | 92.00 | 480.00 | 4.00 | -194.00 | -45.00 | 270.00 | 160.00 | 133.00 | 8.00 | 76.00 |
| Borrowings | 559.00 | 265.00 | 56.00 | 16.00 | 79.00 | 236.00 | 67.00 | 2.00 | 2.00 | 3.00 | 56.00 | 4.00 |
| Other Liabilities | 275.00 | 284.00 | 305.00 | 302.00 | 170.00 | 162.00 | 224.00 | 101.00 | 122.00 | 111.00 | 75.00 | 39.00 |
| Total Liabilities | 2,168.00 | 329.00 | 486.00 | 830.00 | 280.00 | 230.00 | 273.00 | 398.00 | 309.00 | 273.00 | 163.00 | 143.00 |
| Fixed Assets | 85.00 | 95.00 | 103.00 | 106.00 | 92.00 | 91.00 | 104.00 | 58.00 | 52.00 | 69.00 | 70.00 | 67.00 |
| CWIP | 72.00 | 54.00 | 44.00 | 27.00 | 26.00 | 5.00 | 32.00 | 24.00 | 3.00 | 1.00 | 1.00 | 0.00 |
| Investments | 0.00 | 0.00 | 2.00 | 291.00 | 12.00 | 6.00 | 8.00 | 211.00 | 108.00 | 10.00 | 0.00 | 0.00 |
| Other Assets | 2,011.00 | 179.00 | 338.00 | 406.00 | 150.00 | 127.00 | 128.00 | 106.00 | 146.00 | 192.00 | 92.00 | 76.00 |
| Total Assets | 2,168.00 | 329.00 | 486.00 | 830.00 | 280.00 | 230.00 | 273.00 | 398.00 | 309.00 | 273.00 | 163.00 | 143.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -239.00 | -362.00 | -429.00 | -69.00 | -208.00 | -152.00 | -211.00 | -172.00 | -183.00 | -128.00 | -44.00 | -41.00 |
| Cash from Investing Activity | -24.00 | 158.00 | 391.00 | -548.00 | -29.00 | 2.00 | 155.00 | -102.00 | -105.00 | -7.00 | -13.00 | 53.00 |
| Cash from Financing Activity | 262.00 | 201.00 | 43.00 | 617.00 | 229.00 | 159.00 | 55.00 | 274.00 | 224.00 | 194.00 | 51.00 | -1.00 |
| Net Cash Flow | -1.00 | -4.00 | 4.00 | -1.00 | -8.00 | 9.00 | 0.00 | 0.00 | -63.00 | 60.00 | -7.00 | 11.00 |
| Free Cash Flow | -262.00 | -372.00 | -455.00 | -84.00 | -233.00 | -153.00 | -264.00 | -184.00 | -200.00 | -136.00 | -56.00 | -49.00 |
| CFO/OP % | -17.00 | 114.00 | 105.00 | 35.00 | 114.00 | 111.00 | 65.00 | 111.00 | 71.00 | 88.00 | 48.00 | 110.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 2.00 | 82.00 | 75.00 | 50.00 | 74.00 | 25.00 | 76.00 | 20.00 | 82.00 | 78.00 | 21.00 | 47.00 |
| Inventory Days | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash Conversion Cycle | 2.00 | 82.00 | 75.00 | 50.00 | 74.00 | 25.00 | 76.00 | 20.00 | 82.00 | 78.00 | 21.00 | 47.00 |
| Working Capital Days | 214.00 | -1,778.00 | -746.00 | -193.00 | -301.00 | -268.00 | -842.00 | -98.00 | -232.00 | -60.00 | -161.00 | 20.00 |
| ROCE % | 165.00 | -298.00 | -109.00 | -67.00 | -218.00 | -242.00 | -183.00 | -62.00 | -143.00 | -94.00 | -71.00 | -32.00 |
Corporate Actions
20 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 21 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 18 Jul 2019 | — | — | — | Annual General Meeting |
| Other | 19 Jul 2018 | — | — | — | Annual General Meeting |
| Other | 27 Jul 2017 | — | — | — | Annual General Meeting |
| Other | 25 May 2017 | — | — | — | E.G.M. |
| Other | 25 May 2017 | — | — | — | Extraordinary General Meeting |
| Other | 21 Jul 2016 | — | — | — | Annual General Meeting |
| Rights | 16 Mar 2016 | 17 Mar 2016 | 5:116 | — | |
| Other | 16 Mar 2016 | 17 Mar 2016 | — | — | Right Issue of Equity Shares |
| Other | 23 Jul 2015 | — | — | — | Annual General Meeting |
| Other | 24 Jul 2014 | — | — | — | Annual General Meeting |
| Other | 24 Jul 2013 | — | — | — | Annual General Meeting |
| Rights | 23 Aug 2012 | — | 1:7 | — | |
| Other | 23 Aug 2012 | — | — | — | Right Issue of Equity Shares |
| Other | 28 Jul 2011 | — | — | — | Annual General Meeting |
| Other | 16 Jul 2010 | — | — | — | Annual General Meeting |
| Other | 21 Aug 2009 | — | — | — | Annual General Meeting |
| Other | 25 Aug 2008 | — | — | — | Annual General Meeting |
| Other | 28 Aug 2007 | — | — | — | Agm |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update6 Feb from smera
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Rating update5 Mar 2025 from smera
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Rating update6 Dec 2023 from smera
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Rating update7 Sep 2022 from smera
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Rating update21 Jun 2021 from smera