Alkem Laboratories Ltd · ALKEM
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20-quarter listed-company comparison
Pharma - Formulators Stocks in India
Pharma - Formulators: Sun Pharmaceutical Industries Ltd owns the largest revenue base; Rubicon Research Ltd has the fastest current growth.
01 · the index people search for
Nifty Pharma - Formulators Index — Constituents & Performance
The Pharma - Formulators companies below are the listed Indian Pharma - Formulators universe this page tracks — the same constituent set people search for as the Nifty Pharma - Formulators index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
02 · the sector itself · before any single company
How has Pharma - Formulators moved against NIFTY 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 49% ahead of NIFTY 500. Earnings across its companies grew 11% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 26 weeks running.
LEADER · ahead 26w✓Price and the fundamentals both up28 of 41 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more
RS ↑26w · 33/41 >200d (−1) · 28/41 lead (−4) · EPS 29/40↑
Pharma - Formulators, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Pharma - Formulators, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Pharma - Formulators, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 41 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
03 · sector relative strength, before individual stocks
Is Pharma - Formulators outperforming NIFTY 500?
Pharma - Formulators has outperformed NIFTY 500 by 17.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 15.3%. 32 of 40 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Bliss GVS Pharma Ltd is the strongest against the sector itself at +64.6%.
+15.3%Sector vs NIFTY 500 · 13 weeks
+17.1%Sector vs NIFTY 500 · 52 weeks
32/40Stocks leading NIFTY 500
15/40Stocks leading sector
Sector metric: 31.3 as of 2026-07-19 · NARROWING · rising.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Pharma - Formulators has outperformed NIFTY 500 by 17.1% over 52 weeks and 15.3% over 13 weeks. 32 of 40 covered companies beat NIFTY on Mansfield relative strength, while 15 of 40 beat the sector itself. Sun Pharmaceutical Industries Ltd leads with revenue of ₹59,911 crore, based on 41 of 43 comparable companies through Jun 2026.
Companies
43
complete canonical membership
Combined market value
₹18.8 L Cr
Sun Pharmaceutical Industries Ltd
Revenue growing
35/39
positive TTM year-on-year growth
Beating NIFTY 500
32/40
positive Mansfield relative strength
Comparing 5 of 43
04 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Lupin Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 88.6% evidence confidence.
Natco Pharma Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
RPG Life Sciences Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Lupin LtdLUPIN | 74.1/100Favorable setup89% evidence | TURNING | 29.7/35 Revenue 23.1% · PAT 62% · OPM change 10 pp 88% evidence | 21.0/25 ROCE 29.9% · OPM 33% 100% evidence | 16.3/20 P/E 19.4× · PEG 0.54 65% evidence | 7.1/20 RS sector -7.4% · RS bench 9% · 1Y 23.8%2 of 12 weeks ahead 100% evidence |
| Exact sum: 29.7 + 21 + 16.3 + 7.1 = 74.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Kwality Pharmaceuticals Ltd539997 | 72.8/100Favorable setup78% evidence | LEADER | 29.0/35 Revenue 35.7% · PAT 71.8% · OPM change 3 pp 83% evidence | 17.8/25 ROCE 24.2% · OPM 25% 76% evidence | 6.4/20 P/E 39.4× · PEG — 50% evidence | 19.6/20 RS sector 51.5% · RS bench 73.2% · 1Y 121.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 29 + 17.8 + 6.4 + 19.6 = 72.8 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3Caplin Point Laboratories LtdCAPLIPOINT | 68.3/100Favorable setup96% evidence | LEADER | 19.6/35 Revenue 12.9% · PAT 20.1% · OPM change 1 pp 88% evidence | 18.9/25 ROCE 24.6% · OPM 34% 100% evidence | 12.1/20 P/E 29.8× · PEG 0.99 100% evidence | 17.7/20 RS sector 5.7% · RS bench 24.1% · 1Y 23.6%12 of 12 weeks ahead 100% evidence |
| Exact sum: 19.6 + 18.9 + 12.1 + 17.7 = 68.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Bliss GVS Pharma LtdBLISSGVS | 66.9/100Favorable setup78% evidence | LEADER | 27.2/35 Revenue 14.3% · PAT 48.4% · OPM change 6 pp 83% evidence | 13.2/25 ROCE 16.9% · OPM 17% 76% evidence | 6.9/20 P/E 37.5× · PEG — 50% evidence | 19.6/20 RS sector 64.6% · RS bench 87.2% · 1Y 203.1%12 of 12 weeks ahead 100% evidence |
| Exact sum: 27.2 + 13.2 + 6.9 + 19.6 = 66.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Glenmark Pharmaceuticals LtdGLENMARK | 65.8/100Favorable setup100% evidence | ASLEEP | 30.5/35 Revenue 32.9% · PAT 100% · OPM change 2 pp 100% evidence | 17.5/25 ROCE 39.8% · OPM 20% 100% evidence | 12.2/20 P/E 20.2× · PEG 1.43 100% evidence | 5.6/20 RS sector -10.3% · RS bench 5.6% · 1Y 4.1%3 of 12 weeks ahead 100% evidence |
| Exact sum: 30.5 + 17.5 + 12.2 + 5.6 = 65.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -10.3% and the one-year return is 4.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 6Emcure Pharmaceuticals LtdEMCURE | 65.4/100Favorable setup71% evidence | LEADER | 24.6/35 Revenue 16.6% · PAT 32.9% · OPM change 0 pp 83% evidence | 17.9/25 ROCE 24% · OPM 19% 76% evidence | 9.4/20 P/E 39.3× · PEG — 15% evidence | 13.5/20 RS sector 7.1% · RS bench 25.6% · 1Y 39.2%11 of 12 weeks ahead 100% evidence |
| Exact sum: 24.6 + 17.9 + 9.4 + 13.5 = 65.4 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 7Corona Remedies LtdCORONA | 64.5/100Mixed-positive evidence73% evidence | BREAKING OUT | 23.7/35 Revenue 18% · PAT 19.3% · OPM change 2 pp 100% evidence | 19.4/25 ROCE 33.3% · OPM 22% 100% evidence | 11.4/20 P/E 60.5× · PEG 1.18 65% evidence | 10.0/20 RS sector — · RS bench — · 1Y —9 of 12 weeks ahead 0% evidence |
| Exact sum: 23.7 + 19.4 + 11.4 + 10 = 64.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Ajanta Pharma LtdAJANTPHARM | 61.4/100Mixed-positive evidence100% evidence | BREAKING OUT | 21.9/35 Revenue 20.2% · PAT 22.2% · OPM change -1 pp 100% evidence | 18.9/25 ROCE 34.5% · OPM 26% 100% evidence | 5.7/20 P/E 38.2× · PEG 2.31 100% evidence | 14.9/20 RS sector 3.1% · RS bench 21% · 1Y 24.5%7 of 12 weeks ahead 100% evidence |
| Exact sum: 21.9 + 18.9 + 5.7 + 14.9 = 61.4 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 9Zydus Lifesciences LtdZYDUSLIFE | 61.2/100Mixed-positive evidence96% evidence | LEADER | 17.1/35 Revenue 16.8% · PAT 9.7% · OPM change 1 pp 88% evidence | 17.8/25 ROCE 21.1% · OPM 34% 100% evidence | 13.9/20 P/E 20.7× · PEG 1.4 100% evidence | 12.4/20 RS sector -3.3% · RS bench 13.8% · 1Y 15.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 17.1 + 17.8 + 13.9 + 12.4 = 61.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Rubicon Research LtdRUBICON | 60.9/100Mixed-positive evidence69% evidence | BREAKING OUT | 23.9/35 Revenue 36.6% · PAT 84.3% · OPM change 3 pp 88% evidence | 21.4/25 ROCE 28.4% · OPM 23% 100% evidence | 5.6/20 P/E 99.9× · PEG 2.65 65% evidence | 10.0/20 RS sector — · RS bench — · 1Y —12 of 12 weeks ahead 0% evidence |
| Exact sum: 23.9 + 21.4 + 5.6 + 10 = 60.9 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 11Ipca Laboratories LtdIPCALAB | 58.9/100Mixed-positive evidence78% evidence | BREAKING OUT | 22.2/35 Revenue 7.9% · PAT 51% · OPM change 1 pp 83% evidence | 15.3/25 ROCE 17% · OPM 20% 76% evidence | 11.0/20 P/E 37.6× · PEG — 50% evidence | 10.4/20 RS sector -2% · RS bench 15.1% · 1Y 15.8%7 of 12 weeks ahead 100% evidence |
| Exact sum: 22.2 + 15.3 + 11 + 10.4 = 58.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Marksans Pharma LtdMARKSANS | 58.3/100Mixed-positive evidence83% evidence | TURNING | 19.9/35 Revenue 12.5% · PAT 9.7% · OPM change 5 pp 88% evidence | 18.1/25 ROCE 18.8% · OPM 23% 100% evidence | 11.5/20 P/E 28× · PEG 1.41 65% evidence | 8.8/20 RS sector -18.1% · RS bench 30.6% · 1Y 13.4%11 of 11 weeks ahead 70% evidence |
| Exact sum: 19.9 + 18.1 + 11.5 + 8.8 = 58.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Wockhardt LtdWOCKPHARMA | 58.1/100Mixed-positive evidence71% evidence | LEADER | 22.6/35 Revenue 12% · PAT 100% · OPM change 14 pp 65% evidence | 9.0/25 ROCE 7.5% · OPM 23% 100% evidence | 8.7/20 P/E 112× · PEG — 15% evidence | 17.8/20 RS sector 10.5% · RS bench 29.2% · 1Y 16.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 22.6 + 9 + 8.7 + 17.8 = 58.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Accent Microcell LtdACCENTMIC | 58.1/100Mixed-positive evidence63% evidence | LEADER | 17.5/35 Revenue — · PAT — · OPM change -1 pp 26% evidence | 16.9/25 ROCE 24.9% · OPM 16% 95% evidence | 9.7/20 P/E 27.8× · PEG — 50% evidence | 14.0/20 RS sector 18.5% · RS bench 37.8% · 1Y 85.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 17.5 + 16.9 + 9.7 + 14 = 58.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Amrutanjan Health Care LtdAMRUTANJAN | 55.9/100Mixed-positive evidence77% evidence | ASLEEP | 20.9/35 Revenue 11.3% · PAT 11.8% · OPM change 4 pp 83% evidence | 17.0/25 ROCE 24.8% · OPM 17% 95% evidence | 14.2/20 P/E 23.1× · PEG — 50% evidence | 3.8/20 RS sector -24.6% · RS bench -18.4% · 1Y -24.2%0 of 10 weeks ahead 70% evidence |
| Exact sum: 20.9 + 17 + 14.2 + 3.8 = 55.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16RPG Life Sciences LtdRPGLIFE | 54.0/100Mixed-positive evidence93% evidence | LEADER | 11.8/35 Revenue 11.9% · PAT -34.1% · OPM change 1 pp 100% evidence | 17.3/25 ROCE 25.7% · OPM 22% 100% evidence | 10.2/20 P/E 39.2× · PEG 1.43 65% evidence | 14.7/20 RS sector 2.5% · RS bench 20.8% · 1Y 11.1%12 of 12 weeks ahead 100% evidence |
| Exact sum: 11.8 + 17.3 + 10.2 + 14.7 = 54 · Decision use: Price leads the evidence: RS versus the benchmark is 20.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 17Kilitch Drugs (India) LtdKILITCH | 53.7/100Mixed-positive evidence83% evidence | BREAKING OUT | 18.2/35 Revenue 19.8% · PAT 16% · OPM change 1 pp 83% evidence | 10.7/25 ROCE 14.4% · OPM 25% 95% evidence | 14.0/20 P/E 21.6× · PEG — 50% evidence | 10.8/20 RS sector -10.2% · RS bench 6.2% · 1Y -15%10 of 12 weeks ahead 100% evidence |
| Exact sum: 18.2 + 10.7 + 14 + 10.8 = 53.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 18Alkem Laboratories LtdALKEM | 53.6/100Mixed-positive evidence78% evidence | TURNING | 19.8/35 Revenue 13.5% · PAT 6.1% · OPM change 2 pp 83% evidence | 16.3/25 ROCE 21.2% · OPM 14% 76% evidence | 11.9/20 P/E 28.2× · PEG — 50% evidence | 5.6/20 RS sector -12.9% · RS bench 3% · 1Y 14.8%2 of 12 weeks ahead 100% evidence |
| Exact sum: 19.8 + 16.3 + 11.9 + 5.6 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 19FDC LtdFDC | 52.2/100Mixed-positive evidence90% evidence | TURNING | 16.7/35 Revenue 3% · PAT 4.9% · OPM change 7 pp 88% evidence | 14.8/25 ROCE 16.7% · OPM 18% 100% evidence | 15.7/20 P/E 22.5× · PEG 0.93 100% evidence | 5.0/20 RS sector -25.2% · RS bench -0.4% · 1Y -16.2%6 of 10 weeks ahead 70% evidence |
| Exact sum: 16.7 + 14.8 + 15.7 + 5 = 52.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 20ERIS Lifesciences LtdERIS | 51.6/100Mixed-positive evidence76% evidence | TURNING | 21.0/35 Revenue 9.6% · PAT 62.2% · OPM change -2 pp 95% evidence | 14.1/25 ROCE 14.1% · OPM 34% 76% evidence | 11.1/20 P/E 28.6× · PEG — 50% evidence | 5.4/20 RS sector -13.9% · RS bench -10.4% · 1Y -24.6%0 of 10 weeks ahead 70% evidence |
| Exact sum: 21 + 14.1 + 11.1 + 5.4 = 51.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 21Akums Drugs & Pharmaceuticals LtdAKUMS | 51.0/100Mixed-positive evidence71% evidence | LEADER | 13.9/35 Revenue 5.9% · PAT -25.3% · OPM change 4 pp 83% evidence | 10.3/25 ROCE 14.9% · OPM 13% 76% evidence | 9.6/20 P/E 38.6× · PEG — 15% evidence | 17.2/20 RS sector 11.1% · RS bench 29.9% · 1Y 24.2%12 of 12 weeks ahead 100% evidence |
| Exact sum: 13.9 + 10.3 + 9.6 + 17.2 = 51 · Decision use: Price leads the evidence: RS versus the benchmark is 29.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 22J B Chemicals & Pharmaceuticals LtdJBCHEPHARM | 47.1/100Mixed-negative evidence96% evidence | 11.1/35 Revenue 5.9% · PAT 7.4% · OPM change -2 pp 88% evidence | 19.9/25 ROCE 25.4% · OPM 22% 100% evidence | 3.7/20 P/E 53.8× · PEG 2.34 100% evidence | 12.4/20 RS sector 2.9% · RS bench 23.5% · 1Y 41%6 of 10 weeks ahead 100% evidence | |
| Exact sum: 11.1 + 19.9 + 3.7 + 12.4 = 47.1 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 23Sun Pharmaceutical Industries LtdSUNPHARMA | 46.4/100Mixed-negative evidence100% evidence | BREAKING OUT | 17.8/35 Revenue 11.4% · PAT 16.5% · OPM change -2 pp 100% evidence | 16.3/25 ROCE 20.5% · OPM 29% 100% evidence | 4.0/20 P/E 37.8× · PEG 3.8 100% evidence | 8.3/20 RS sector -4.7% · RS bench 12.3% · 1Y 17.2%7 of 12 weeks ahead 100% evidence |
| Exact sum: 17.8 + 16.3 + 4 + 8.3 = 46.4 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 24Strides Pharma Science LtdSTAR | 46.1/100Mixed-negative evidence80% evidence | FADING | 16.2/35 Revenue 8.1% · PAT 79.1% · OPM change -1 pp 95% evidence | 12.1/25 ROCE 18.3% · OPM 18% 95% evidence | 11.3/20 P/E 16.3× · PEG — 15% evidence | 6.5/20 RS sector -9.2% · RS bench 6.6% · 1Y 12.9%9 of 12 weeks ahead 100% evidence |
| Exact sum: 16.2 + 12.1 + 11.3 + 6.5 = 46.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 25Torrent Pharmaceuticals LtdTORNTPHARM | 45.5/100Mixed-negative evidence100% evidence | BREAKING OUT | 16.7/35 Revenue 32.9% · PAT 7.7% · OPM change 2 pp 100% evidence | 13.2/25 ROCE 15.2% · OPM 34% 100% evidence | 0.9/20 P/E 87.3× · PEG 5.11 100% evidence | 14.7/20 RS sector 5.4% · RS bench 23.6% · 1Y 41.6%7 of 12 weeks ahead 100% evidence |
| Exact sum: 16.7 + 13.2 + 0.9 + 14.7 = 45.5 · Decision use: Price leads the evidence: RS versus the benchmark is 23.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 26Biocon LtdBIOCON | 42.5/100Mixed-negative evidence96% evidence | BREAKING OUT | 12.1/35 Revenue 10.9% · PAT -74.2% · OPM change -1 pp 88% evidence | 10.8/25 ROCE 3.6% · OPM 23% 100% evidence | 9.9/20 P/E 178× · PEG 0.82 100% evidence | 9.7/20 RS sector -7.4% · RS bench 9% · 1Y 8%8 of 12 weeks ahead 100% evidence |
| Exact sum: 12.1 + 10.8 + 9.9 + 9.7 = 42.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 27Mankind Pharma LtdMANKIND | 42.4/100Mixed-negative evidence100% evidence | BREAKING OUT | 17.1/35 Revenue 14.2% · PAT 8% · OPM change 2 pp 100% evidence | 12.6/25 ROCE 13.5% · OPM 26% 100% evidence | 4.9/20 P/E 47.8× · PEG 2.81 100% evidence | 7.8/20 RS sector -11.1% · RS bench 4.9% · 1Y -5.1%10 of 12 weeks ahead 100% evidence |
| Exact sum: 17.1 + 12.6 + 4.9 + 7.8 = 42.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 28Gufic BioSciences LtdGUFICBIO | 41.9/100Mixed-negative evidence90% evidence | TURNING | 19.6/35 Revenue 15.1% · PAT -8.6% · OPM change 6 pp 88% evidence | 12.6/25 ROCE 12.3% · OPM 19% 100% evidence | 2.0/20 P/E 60.9× · PEG 4.78 100% evidence | 7.7/20 RS sector -18.5% · RS bench 14.8% · 1Y 0.7%9 of 11 weeks ahead 70% evidence |
| Exact sum: 19.6 + 12.6 + 2 + 7.7 = 41.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 29Aurobindo Pharma LtdAUROPHARMA | 41.1/100Mixed-negative evidence96% evidence | LEADER | 11.5/35 Revenue 6.1% · PAT 0.6% · OPM change -1 pp 88% evidence | 13.3/25 ROCE 12.8% · OPM 20% 100% evidence | 4.1/20 P/E 25.9× · PEG 2.67 100% evidence | 12.2/20 RS sector 4.4% · RS bench 22.3% · 1Y 40.7%11 of 12 weeks ahead 100% evidence |
| Exact sum: 11.5 + 13.3 + 4.1 + 12.2 = 41.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 30Natco Pharma LtdNATCOPHARM | 39.8/100Mixed-negative evidence96% evidence | ASLEEP | 5.1/35 Revenue -8% · PAT -24.6% · OPM change -28 pp 88% evidence | 12.9/25 ROCE 17.1% · OPM 17% 100% evidence | 19.1/20 P/E 11.6× · PEG 0.76 100% evidence | 2.7/20 RS sector -17.3% · RS bench -2.6% · 1Y -5.2%2 of 12 weeks ahead 100% evidence |
| Exact sum: 5.1 + 12.9 + 19.1 + 2.7 = 39.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 31Lincoln Pharmaceuticals LtdLINCOLN | 39.4/100Mixed-negative evidence83% evidence | ASLEEP | 11.6/35 Revenue 7.5% · PAT 7.2% · OPM change -3 pp 83% evidence | 14.2/25 ROCE 16.3% · OPM 13% 95% evidence | 9.8/20 P/E 13.2× · PEG — 50% evidence | 3.8/20 RS sector -14.7% · RS bench 0.2% · 1Y 6.4%1 of 12 weeks ahead 100% evidence |
| Exact sum: 11.6 + 14.2 + 9.8 + 3.8 = 39.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 32Zim Laboratories LtdZIMLAB | 39.1/100Mixed-negative evidence76% evidence | LEADER | 6.0/35 Revenue -1.2% · PAT -51.9% · OPM change -6.6 pp 83% evidence | 6.1/25 ROCE 4.8% · OPM 6.8% 95% evidence | 8.7/20 P/E 139× · PEG — 15% evidence | 18.3/20 RS sector 16.5% · RS bench 35.4% · 1Y 0%12 of 12 weeks ahead 100% evidence |
| Exact sum: 6 + 6.1 + 8.7 + 18.3 = 39.1 · Decision use: Price leads the evidence: RS versus the benchmark is 35.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 33Suven Life Sciences LtdSUVEN | 38.4/100Thin evidence · provisional58% evidence | TURNING | 18.2/35 Revenue 14.3% · PAT -72% · OPM change -350 pp 65% evidence | 2.1/25 ROCE -76.9% · OPM — 84% evidence | 10.0/20 P/E — · PEG — 0% evidence | 8.1/20 RS sector -30.9% · RS bench 46.4% · 1Y 9.2%11 of 11 weeks ahead 70% evidence |
| Exact sum: 18.2 + 2.1 + 10 + 8.1 = 38.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 34Indoco Remedies LtdINDOCO | 38.2/100Thin evidence · provisional58% evidence | TURNING | 20.4/35 Revenue 11.9% · PAT 100% · OPM change 5 pp 71% evidence | 4.3/25 ROCE 0.9% · OPM 9% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 3.5/20 RS sector -32.2% · RS bench -9.2% · 1Y -30.8%6 of 10 weeks ahead 70% evidence |
| Exact sum: 20.4 + 4.3 + 10 + 3.5 = 38.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 35Alembic Pharmaceuticals LtdAPLLTD | 38.1/100Mixed-negative evidence90% evidence | TURNING | 14.4/35 Revenue 10.1% · PAT 15.3% · OPM change -3 pp 88% evidence | 6.9/25 ROCE 12.6% · OPM 12% 100% evidence | 12.3/20 P/E 21.4× · PEG 1.74 100% evidence | 4.5/20 RS sector -24.1% · RS bench -4.7% · 1Y -20.1%2 of 11 weeks ahead 70% evidence |
| Exact sum: 14.4 + 6.9 + 12.3 + 4.5 = 38.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 36Bajaj Healthcare LtdBAJAJHCARE | 36.0/100Mixed-negative evidence87% evidence | FADING | 9.9/35 Revenue 12.3% · PAT -59.1% · OPM change 1 pp 95% evidence | 10.4/25 ROCE 11.5% · OPM 17% 95% evidence | 10.8/20 P/E 20.1× · PEG — 50% evidence | 4.9/20 RS sector -26.4% · RS bench -12.1% · 1Y -34.9%2 of 12 weeks ahead 100% evidence |
| Exact sum: 9.9 + 10.4 + 10.8 + 4.9 = 36 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 37Cipla LtdCIPLA | 35.9/100Mixed-negative evidence100% evidence | BREAKING OUT | 4.9/35 Revenue 1.8% · PAT -37.7% · OPM change -9 pp 100% evidence | 11.3/25 ROCE 15.5% · OPM 17% 100% evidence | 12.1/20 P/E 33.2× · PEG 1.25 100% evidence | 7.6/20 RS sector -14.5% · RS bench 1.3% · 1Y -3.9%7 of 12 weeks ahead 100% evidence |
| Exact sum: 4.9 + 11.3 + 12.1 + 7.6 = 35.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 38Bharat Parenterals Ltd541096 | 34.7/100Thin evidence · provisional55% evidence | TURNING | 13.5/35 Revenue 1.5% · PAT 37.5% · OPM change -2.7 pp 62% evidence | 3.5/25 ROCE -1.8% · OPM -0.5% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 7.7/20 RS sector -20.9% · RS bench 17.8% · 1Y -5.2%11 of 11 weeks ahead 70% evidence |
| Exact sum: 13.5 + 3.5 + 10 + 7.7 = 34.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 39Dr Reddys Laboratories LtdDRREDDY | 29.9/100Adverse evidence100% evidence | ASLEEP | 4.1/35 Revenue -0.9% · PAT -44.6% · OPM change -14 pp 100% evidence | 10.7/25 ROCE 13% · OPM 11% 100% evidence | 13.5/20 P/E 29.7× · PEG 1.15 100% evidence | 1.6/20 RS sector -24.3% · RS bench -10.6% · 1Y -10.2%2 of 12 weeks ahead 100% evidence |
| Exact sum: 4.1 + 10.7 + 13.5 + 1.6 = 29.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 40Influx Healthtech LtdINFLUX | 65.1/100Thin evidence · provisional50% evidence | BREAKING OUT | 19.1/35 Revenue — · PAT — · OPM change -1 pp 26% evidence | 20.3/25 ROCE 40% · OPM 19% 95% evidence | 10.0/20 P/E 33.4× · PEG — 15% evidence | 15.7/20 RS sector 12.1% · RS bench 31.1% · 1Y 90.7%9 of 12 weeks ahead 70% evidence |
| Exact sum: 19.1 + 20.3 + 10 + 15.7 = 65.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 41Syncom Healthcare LtdSYNCOM | 50.5/100Thin evidence · provisional31% evidence | 17.2/35 Revenue -69.4% · PAT 63.5% · OPM change — 16% evidence | 6.9/25 ROCE -20.2% · OPM -225.7% 46% evidence | 10.0/20 P/E — · PEG — 0% evidence | 16.4/20 RS sector 29.1% · RS bench 45.7% · 1Y —9 of 12 weeks ahead to 2021-06-30 70% evidence | |
| Exact sum: 17.2 + 6.9 + 10 + 16.4 = 50.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 42Fredun Pharmaceuticals Ltd539730 | 47.8/100Thin evidence · provisional49% evidence | ASLEEP | 19.1/35 Revenue — · PAT — · OPM change 4 pp 20% evidence | 14.7/25 ROCE 21.3% · OPM 14% 76% evidence | 9.2/20 P/E 50× · PEG — 15% evidence | 4.8/20 RS sector -45.5% · RS bench 59.4% · 1Y 6.5%2 of 12 weeks ahead 100% evidence |
| Exact sum: 19.1 + 14.7 + 9.2 + 4.8 = 47.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 43Sai Parenterals LtdSAIPARENT | 39.1/100Thin evidence · provisional33% evidence | TURNING | 15.2/35 Revenue — · PAT — · OPM change — 16% evidence | 5.3/25 ROCE 6% · OPM 13% 95% evidence | 8.6/20 P/E 170× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —3 of 3 weeks ahead 0% evidence |
| Exact sum: 15.2 + 5.3 + 8.6 + 10 = 39.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Showing 10 of 43 companies
05 · what price has already done
Market action
Bliss GVS Pharma Ltd has the strongest one-year price move in Pharma - Formulators at +203.1%. It also leads on Mansfield relative strength against NIFTY at +87.2%. 32 of 40 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.
Price and relative strength
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Pharma - Formulators itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
06 · compare level, then change
Revenue Scale & Growth Durability
Sun Pharmaceutical Industries Ltd has the highest Revenue among the 43 Pharma - Formulators companies compared here, at ₹59,911 crore. Aurobindo Pharma Ltd is next at ₹33,653 crore. Rubicon Research Ltd has the highest Revenue growth at 36.6%, so level and change sit with different companies. 41 of 43 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Sun Pharmaceutical Industries Ltd is the scale leader at ₹59,911 crore, 78% ahead of Aurobindo Pharma Ltd. Rubicon Research Ltd's growth is 36.6% from a ₹1,754 crore base, with 8 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderSun Pharmaceutical Industries Ltd · ₹59,911 crore
Gap78% versus #2 · Aurobindo Pharma Ltd
Persistence8/8 recent comparable periods
Coverage41/43 companies · 661 observations
Investor read: Sun Pharmaceutical Industries Ltd is the scale benchmark; Rubicon Research Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Sun Pharmaceutical Industries Ltd's growth falls below Rubicon Research Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
Revenue growthfastest growers
2Kwality Pharmaceuticals Ltd 53999736%
Revenue · company comparison
41/43 level · 39/43 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Sun Pharmaceutical Industries Ltd SUNPHARMA | ₹15.3K Cr | 10% | Jun 2026 |
| Aurobindo Pharma Ltd AUROPHARMA | ₹8.9K Cr | 5.6% | Mar 2026 |
| Dr Reddys Laboratories Ltd DRREDDY | ₹8.1K Cr | -5.5% | Jun 2026 |
| Zydus Lifesciences Ltd ZYDUSLIFE | ₹7.6K Cr | 16% | Mar 2026 |
| Lupin Ltd LUPIN | ₹7.5K Cr | 32% | Mar 2026 |
| Cipla Ltd CIPLA | ₹7.1K Cr | 2.3% | Jun 2026 |
| Torrent Pharmaceuticals Ltd TORNTPHARM | ₹4.9K Cr | 55% | Jun 2026 |
| Biocon Ltd BIOCON | ₹4.5K Cr | 2.3% | Mar 2026 |
| Mankind Pharma Ltd MANKIND | ₹4.0K Cr | 13% | Jun 2026 |
| Glenmark Pharmaceuticals Ltd GLENMARK | ₹4.0K Cr | 23% | Jun 2026 |
| Alkem Laboratories Ltd ALKEM | ₹3.6K Cr | 15% | Mar 2026 |
| Emcure Pharmaceuticals Ltd EMCURE | ₹2.5K Cr | 17% | Mar 2026 |
| Ipca Laboratories Ltd IPCALAB | ₹2.4K Cr | 6.3% | Mar 2026 |
| Alembic Pharmaceuticals Ltd APLLTD | ₹1.8K Cr | 4.4% | Mar 2026 |
| Ajanta Pharma Ltd AJANTPHARM | ₹1.6K Cr | 25% | Jun 2026 |
| Strides Pharma Science Ltd STAR | ₹1.3K Cr | 13% | Jun 2026 |
| Akums Drugs & Pharmaceuticals Ltd AKUMS | ₹1.2K Cr | 9.7% | Mar 2026 |
| Wockhardt Ltd WOCKPHARMA | ₹965 Cr | 30% | Mar 2026 |
| J B Chemicals & Pharmaceuticals Ltd JBCHEPHARM | ₹904 Cr | -4.7% | Mar 2026 |
| ERIS Lifesciences Ltd ERIS | ₹873 Cr | 13% | Jun 2026 |
| Marksans Pharma Ltd MARKSANS | ₹856 Cr | 21% | Mar 2026 |
| Natco Pharma Ltd NATCOPHARM | ₹739 Cr | -39% | Mar 2026 |
| Caplin Point Laboratories Ltd CAPLIPOINT | ₹600 Cr | 20% | Mar 2026 |
| FDC Ltd FDC | ₹585 Cr | 19% | Mar 2026 |
| Rubicon Research Ltd RUBICON | ₹514 Cr | 44% | Mar 2026 |
| Indoco Remedies Ltd INDOCO | ₹468 Cr | 6.4% | Jun 2026 |
| Corona Remedies Ltd CORONA | ₹422 Cr | 22% | Jun 2026 |
| Bliss GVS Pharma Ltd BLISSGVS | ₹257 Cr | 30% | Mar 2026 |
| Gufic BioSciences Ltd GUFICBIO | ₹252 Cr | 23% | Mar 2026 |
| Fredun Pharmaceuticals Ltd 539730 | ₹213 Cr | 28% | Mar 2026 |
| Accent Microcell Ltd ACCENTMIC⚠ unverified | ₹210 Cr | 51% | Mar 2026 |
| Sai Parenterals Ltd SAIPARENT⚠ unverified | ₹198 Cr | — | Mar 2026 |
| RPG Life Sciences Ltd RPGLIFE | ₹196 Cr | 16% | Jun 2026 |
| Lincoln Pharmaceuticals Ltd LINCOLN⚠ unverified | ₹187 Cr | 11% | Mar 2026 |
| Bajaj Healthcare Ltd BAJAJHCARE⚠ unverified | ₹166 Cr | 11% | Jun 2026 |
| Kwality Pharmaceuticals Ltd 539997 | ₹157 Cr | 35% | Mar 2026 |
| Amrutanjan Health Care Ltd AMRUTANJAN⚠ unverified | ₹150 Cr | 11% | Mar 2026 |
| Zim Laboratories Ltd ZIMLAB⚠ unverified | ₹105 Cr | -3.2% | Mar 2026 |
| Bharat Parenterals Ltd 541096 | ₹100 Cr | -4.2% | Mar 2026 |
| Kilitch Drugs (India) Ltd KILITCH⚠ unverified | ₹90 Cr | 48% | Mar 2026 |
| Influx Healthtech Ltd INFLUX⚠ unverified | ₹80 Cr | 40% | Mar 2026 |
| Suven Life Sciences Ltd SUVEN | ₹2 Cr | 100% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 42 companies with a series here. The remaining 30 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aurobindo Pharma Ltd · AUROPHARMA
₹5.9K Cr
₹6.0K Cr
₹5.8K Cr
₹6.2K Cr
₹1.9K Cr
₹6.4K Cr
₹6.5K Cr
₹6.9K Cr
₹7.2K Cr
₹7.4K Cr
₹7.6K Cr
₹7.6K Cr
₹7.8K Cr
₹8.0K Cr
₹8.4K Cr
₹7.9K Cr
₹8.3K Cr
₹8.6K Cr
₹8.9K Cr
—
Biocon Ltd · BIOCON
₹1.8K Cr
₹2.2K Cr
₹2.4K Cr
₹2.1K Cr
₹490 Cr
₹2.9K Cr
₹3.8K Cr
₹3.4K Cr
₹3.5K Cr
₹4.0K Cr
₹3.9K Cr
₹3.4K Cr
₹3.6K Cr
₹3.8K Cr
₹4.4K Cr
₹3.9K Cr
₹4.3K Cr
₹4.2K Cr
₹4.5K Cr
—
Cipla Ltd · CIPLA
₹5.5K Cr
₹5.5K Cr
₹5.2K Cr
₹5.3K Cr
₹5.8K Cr
₹5.8K Cr
₹5.7K Cr
₹6.3K Cr
₹6.7K Cr
₹6.6K Cr
₹6.2K Cr
₹6.7K Cr
₹7.1K Cr
₹7.1K Cr
₹6.7K Cr
₹7.0K Cr
₹7.6K Cr
₹7.1K Cr
₹6.5K Cr
₹7.1K Cr
Dr Reddys Laboratories Ltd · DRREDDY
₹5.8K Cr
₹5.3K Cr
₹5.4K Cr
₹5.2K Cr
₹6.3K Cr
₹6.8K Cr
₹6.3K Cr
₹6.8K Cr
₹6.9K Cr
₹7.2K Cr
₹7.1K Cr
₹7.7K Cr
₹8.0K Cr
₹8.4K Cr
₹8.5K Cr
₹8.6K Cr
₹8.8K Cr
₹8.8K Cr
₹7.5K Cr
₹8.1K Cr
Glenmark Pharmaceuticals Ltd · GLENMARK
₹3.1K Cr
₹3.2K Cr
₹3.0K Cr
₹2.8K Cr
₹3.4K Cr
₹3.1K Cr
₹3.0K Cr
₹3.0K Cr
₹3.2K Cr
₹2.5K Cr
₹3.1K Cr
₹3.2K Cr
₹3.4K Cr
₹3.4K Cr
₹3.3K Cr
₹3.3K Cr
₹6.0K Cr
₹3.9K Cr
₹3.8K Cr
₹4.0K Cr
Ipca Laboratories Ltd · IPCALAB
—
—
—
—
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹1.6K Cr
₹2.0K Cr
₹2.1K Cr
₹2.0K Cr
₹2.1K Cr
₹2.4K Cr
₹2.2K Cr
₹2.2K Cr
₹2.3K Cr
₹2.6K Cr
₹2.4K Cr
₹2.4K Cr
—
Lupin Ltd · LUPIN
₹4.1K Cr
₹4.2K Cr
₹3.9K Cr
₹3.7K Cr
₹4.1K Cr
₹4.3K Cr
₹4.4K Cr
₹4.8K Cr
₹5.0K Cr
₹5.2K Cr
₹5.0K Cr
₹5.6K Cr
₹5.7K Cr
₹5.8K Cr
₹5.7K Cr
₹6.3K Cr
₹7.0K Cr
₹7.2K Cr
₹7.5K Cr
—
Mankind Pharma Ltd · MANKIND
—
—
₹1.7K Cr
₹2.2K Cr
₹2.4K Cr
₹2.1K Cr
₹2.1K Cr
₹2.6K Cr
₹2.7K Cr
₹2.6K Cr
₹2.4K Cr
₹2.9K Cr
₹3.1K Cr
₹3.2K Cr
₹3.1K Cr
₹3.6K Cr
₹3.7K Cr
₹3.6K Cr
₹3.4K Cr
₹4.0K Cr
Sun Pharmaceutical Industries Ltd · SUNPHARMA
₹9.6K Cr
₹9.9K Cr
₹9.4K Cr
₹10.8K Cr
₹11.0K Cr
₹11.2K Cr
₹10.9K Cr
₹11.9K Cr
₹12.2K Cr
₹12.4K Cr
₹12.0K Cr
₹12.7K Cr
₹13.3K Cr
₹13.7K Cr
₹13.0K Cr
₹13.9K Cr
₹14.5K Cr
₹15.5K Cr
₹14.6K Cr
₹15.3K Cr
Torrent Pharmaceuticals Ltd · TORNTPHARM
₹2.1K Cr
₹2.1K Cr
₹2.1K Cr
₹2.3K Cr
₹2.3K Cr
₹2.5K Cr
₹2.5K Cr
₹2.6K Cr
₹2.7K Cr
₹2.7K Cr
₹2.7K Cr
₹2.9K Cr
₹2.9K Cr
₹2.8K Cr
₹3.0K Cr
₹3.2K Cr
₹3.3K Cr
₹3.3K Cr
₹4.2K Cr
₹4.9K Cr
Zydus Lifesciences Ltd · ZYDUSLIFE
₹3.8K Cr
₹3.7K Cr
₹3.6K Cr
₹4.1K Cr
₹4.1K Cr
₹4.3K Cr
₹5.0K Cr
₹5.1K Cr
₹4.4K Cr
₹4.5K Cr
₹5.5K Cr
₹6.2K Cr
₹5.2K Cr
₹5.3K Cr
₹6.5K Cr
₹6.6K Cr
₹6.1K Cr
₹6.9K Cr
₹7.6K Cr
—
Revenue growth · reported quarter history
Showing the 12 largest of 41 companies with a series here. The remaining 29 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Alkem Laboratories Ltd · ALKEM
—
—
—
—
—
—
—
—
—
9.3%
1.1%
2.2%
-0.7%
1.5%
7.1%
11%
17%
11%
15%
—
Aurobindo Pharma Ltd · AUROPHARMA
—
—
—
9.4%
-67%
6.8%
11%
9.9%
271%
15%
17%
10%
8.0%
8.5%
11%
4.0%
6.3%
8.4%
5.6%
—
Biocon Ltd · BIOCON
—
—
—
22%
-73%
35%
57%
60%
607%
34%
3.8%
0.3%
3.7%
-3.4%
13%
15%
20%
9.2%
2.3%
—
Cipla Ltd · CIPLA
—
—
—
-3.4%
5.6%
6.0%
10%
19%
15%
14%
7.4%
5.8%
5.6%
7.1%
9.2%
3.9%
7.6%
0.0%
-2.8%
2.3%
Dr Reddys Laboratories Ltd · DRREDDY
—
—
—
6.0%
9.4%
28%
16%
30%
9.5%
6.6%
13%
14%
16%
16%
20%
11%
9.8%
4.4%
-12%
-5.5%
Glenmark Pharmaceuticals Ltd · GLENMARK
—
—
—
-8.2%
7.7%
-2.7%
1.4%
9.3%
-5.0%
-19%
2.1%
6.9%
7.1%
35%
6.3%
0.6%
76%
15%
16%
23%
Ipca Laboratories Ltd · IPCALAB
—
—
—
—
—
—
—
—
36%
33%
34%
32%
16%
9.4%
11%
10%
8.5%
6.6%
6.3%
—
Lupin Ltd · LUPIN
—
—
—
-12%
1.3%
3.9%
14%
29%
22%
20%
12%
16%
13%
11%
14%
12%
24%
24%
32%
—
Mankind Pharma Ltd · MANKIND
—
—
—
—
—
—
19%
18%
12%
25%
18%
11%
13%
23%
27%
24%
21%
12%
12%
13%
Sun Pharmaceutical Industries Ltd · SUNPHARMA
—
—
—
11%
14%
14%
16%
11%
11%
10%
9.6%
6.0%
9.0%
10%
8.1%
9.5%
8.9%
14%
13%
10%
Torrent Pharmaceuticals Ltd · TORNTPHARM
—
—
—
10.0%
7.2%
18%
17%
10%
16%
9.7%
10%
10%
8.6%
2.8%
7.8%
11%
14%
18%
42%
55%
Zydus Lifesciences Ltd · ZYDUSLIFE
—
—
—
1.2%
9.3%
16%
37%
26%
5.7%
5.8%
10%
21%
20%
17%
18%
5.9%
17%
30%
16%
—
07 · compare level, then change
Operating Economics & Margin Trend
Caplin Point Laboratories Ltd has the highest OPM among the 43 Pharma - Formulators companies compared here, at 34%. Wockhardt Ltd has the highest Margin change at +14 percentage points, so level and change sit with different companies. 42 of 43 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Caplin Point Laboratories Ltd leads opm at 34%; Wockhardt Ltd leads margin change at +14 percentage points.
LeaderCaplin Point Laboratories Ltd · 34%
Gap0% versus #2 · ERIS Lifesciences Ltd
Persistence6/8 recent comparable periods
Coverage42/43 companies · 717 observations
Investor read: Caplin Point Laboratories Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
Margin changefastest expanders
Operating margin · company comparison
42/43 level · 41/43 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Torrent Pharmaceuticals Ltd TORNTPHARM | 34% | +2.0 pp | Jun 2026 |
| Zydus Lifesciences Ltd ZYDUSLIFE | 34% | +1.0 pp | Mar 2026 |
| Caplin Point Laboratories Ltd CAPLIPOINT | 34% | +1.0 pp | Mar 2026 |
| ERIS Lifesciences Ltd ERIS | 34% | −2.0 pp | Jun 2026 |
| Lupin Ltd LUPIN | 33% | +10.0 pp | Mar 2026 |
| Sun Pharmaceutical Industries Ltd SUNPHARMA | 29% | −2.0 pp | Jun 2026 |
| Mankind Pharma Ltd MANKIND | 26% | +2.0 pp | Jun 2026 |
| Ajanta Pharma Ltd AJANTPHARM | 26% | −1.0 pp | Jun 2026 |
| Kwality Pharmaceuticals Ltd 539997 | 25% | +3.0 pp | Mar 2026 |
| Kilitch Drugs (India) Ltd KILITCH⚠ unverified | 25% | +1.0 pp | Mar 2026 |
| Biocon Ltd BIOCON | 23% | −1.0 pp | Mar 2026 |
| Wockhardt Ltd WOCKPHARMA | 23% | +14.0 pp | Mar 2026 |
| Rubicon Research Ltd RUBICON | 23% | +3.0 pp | Mar 2026 |
| Marksans Pharma Ltd MARKSANS | 23% | +5.0 pp | Mar 2026 |
| J B Chemicals & Pharmaceuticals Ltd JBCHEPHARM | 22% | −2.0 pp | Mar 2026 |
| Corona Remedies Ltd CORONA | 22% | +2.0 pp | Jun 2026 |
| RPG Life Sciences Ltd RPGLIFE | 22% | +1.0 pp | Jun 2026 |
| Aurobindo Pharma Ltd AUROPHARMA | 20% | −1.0 pp | Mar 2026 |
| Glenmark Pharmaceuticals Ltd GLENMARK | 20% | +2.0 pp | Jun 2026 |
| Ipca Laboratories Ltd IPCALAB | 20% | +1.0 pp | Mar 2026 |
| Emcure Pharmaceuticals Ltd EMCURE | 19% | 0.0 pp | Mar 2026 |
| Gufic BioSciences Ltd GUFICBIO | 19% | +6.0 pp | Mar 2026 |
| Influx Healthtech Ltd INFLUX⚠ unverified | 19% | −1.0 pp | Mar 2026 |
| Strides Pharma Science Ltd STAR | 18% | −1.0 pp | Jun 2026 |
| FDC Ltd FDC | 18% | +7.0 pp | Mar 2026 |
| Cipla Ltd CIPLA | 17% | −9.0 pp | Jun 2026 |
| Natco Pharma Ltd NATCOPHARM | 17% | −28.0 pp | Mar 2026 |
| Bliss GVS Pharma Ltd BLISSGVS | 17% | +6.0 pp | Mar 2026 |
| Amrutanjan Health Care Ltd AMRUTANJAN⚠ unverified | 17% | +4.0 pp | Mar 2026 |
| Bajaj Healthcare Ltd BAJAJHCARE⚠ unverified | 17% | +1.0 pp | Jun 2026 |
| Accent Microcell Ltd ACCENTMIC⚠ unverified | 16% | −1.0 pp | Mar 2026 |
| Fredun Pharmaceuticals Ltd 539730 | 14% | +4.0 pp | Mar 2026 |
| Alkem Laboratories Ltd ALKEM | 14% | +2.0 pp | Mar 2026 |
| Akums Drugs & Pharmaceuticals Ltd AKUMS | 13% | +4.0 pp | Mar 2026 |
| Sai Parenterals Ltd SAIPARENT⚠ unverified | 13% | — | Mar 2026 |
| Lincoln Pharmaceuticals Ltd LINCOLN⚠ unverified | 13% | −3.0 pp | Mar 2026 |
| Alembic Pharmaceuticals Ltd APLLTD | 12% | −3.0 pp | Mar 2026 |
| Dr Reddys Laboratories Ltd DRREDDY | 11% | −14.0 pp | Jun 2026 |
| Indoco Remedies Ltd INDOCO | 9.0% | +5.0 pp | Jun 2026 |
| Zim Laboratories Ltd ZIMLAB⚠ unverified | 6.8% | −6.6 pp | Mar 2026 |
| Bharat Parenterals Ltd 541096 | -0.5% | −2.7 pp | Mar 2026 |
| Suven Life Sciences Ltd SUVEN | -768% | −350.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 42 companies with a series here. The remaining 30 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Alkem Laboratories Ltd · ALKEM
22%
19%
14%
7.9%
15%
20%
12%
13%
22%
21%
14%
20%
22%
23%
12%
22%
23%
22%
14%
—
Aurobindo Pharma Ltd · AUROPHARMA
20%
17%
17%
15%
14%
15%
15%
17%
19%
22%
22%
21%
20%
20%
21%
20%
20%
21%
20%
—
Biocon Ltd · BIOCON
21%
20%
22%
17%
6.0%
20%
25%
20%
21%
23%
23%
18%
19%
20%
24%
19%
19%
20%
23%
—
Cipla Ltd · CIPLA
22%
22%
14%
21%
22%
24%
20%
24%
26%
26%
21%
26%
27%
28%
23%
26%
25%
18%
15%
17%
Dr Reddys Laboratories Ltd · DRREDDY
24%
23%
8.2%
18%
30%
29%
24%
31%
29%
28%
26%
28%
26%
27%
23%
25%
23%
22%
5.0%
11%
Glenmark Pharmaceuticals Ltd · GLENMARK
19%
22%
15%
16%
16%
15%
13%
14%
14%
-8.0%
16%
18%
18%
18%
17%
18%
39%
22%
20%
20%
Ipca Laboratories Ltd · IPCALAB
23%
22%
17%
17%
18%
14%
12%
19%
18%
16%
16%
19%
19%
21%
19%
18%
21%
22%
20%
—
Lupin Ltd · LUPIN
-32%
8.9%
6.9%
6.2%
11%
12%
13%
18%
18%
20%
20%
22%
24%
24%
23%
28%
33%
32%
33%
—
Mankind Pharma Ltd · MANKIND
—
—
17%
21%
24%
21%
20%
25%
25%
23%
24%
23%
28%
26%
22%
24%
25%
26%
27%
26%
Sun Pharmaceutical Industries Ltd · SUNPHARMA
27%
26%
25%
27%
27%
27%
26%
28%
26%
28%
25%
29%
30%
29%
29%
31%
31%
32%
27%
29%
Torrent Pharmaceuticals Ltd · TORNTPHARM
31%
26%
26%
30%
30%
29%
29%
31%
31%
32%
32%
32%
32%
33%
33%
32%
33%
33%
32%
34%
Zydus Lifesciences Ltd · ZYDUSLIFE
24%
21%
19%
20%
20%
22%
25%
29%
26%
24%
29%
34%
28%
26%
33%
32%
33%
26%
34%
—
Margin change · reported quarter history
Showing the 12 largest of 41 companies with a series here. The remaining 29 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Alkem Laboratories Ltd · ALKEM
−3.1 pp
−3.8 pp
+0.3 pp
−13.8 pp
−7.6 pp
+1.0 pp
−1.6 pp
+5.1 pp
+7.3 pp
+1.0 pp
+2.0 pp
+7.0 pp
0.0 pp
+2.0 pp
−2.0 pp
+2.0 pp
+1.0 pp
−1.0 pp
+2.0 pp
—
Aurobindo Pharma Ltd · AUROPHARMA
−2.0 pp
−4.5 pp
−4.4 pp
−6.1 pp
−5.8 pp
−1.8 pp
−1.7 pp
+2.1 pp
+5.0 pp
+7.0 pp
+7.0 pp
+4.0 pp
+1.0 pp
−2.0 pp
−1.0 pp
−1.0 pp
0.0 pp
+1.0 pp
−1.0 pp
—
Biocon Ltd · BIOCON
−0.6 pp
−1.2 pp
+2.5 pp
−2.3 pp
−15.5 pp
−0.3 pp
+2.6 pp
+3.3 pp
+15.0 pp
+3.0 pp
−2.0 pp
−2.0 pp
−2.0 pp
−3.0 pp
+1.0 pp
+1.0 pp
0.0 pp
0.0 pp
−1.0 pp
—
Cipla Ltd · CIPLA
−1.1 pp
−1.3 pp
−3.0 pp
−3.2 pp
+0.1 pp
+1.5 pp
+5.8 pp
+2.7 pp
+3.7 pp
+2.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
+2.0 pp
+2.0 pp
0.0 pp
−2.0 pp
−10.0 pp
−8.0 pp
−9.0 pp
Dr Reddys Laboratories Ltd · DRREDDY
−0.0 pp
+11.9 pp
−13.9 pp
+3.1 pp
+6.5 pp
+6.2 pp
+15.8 pp
+13.0 pp
−1.0 pp
−1.0 pp
+2.0 pp
−3.0 pp
−3.0 pp
−1.0 pp
−3.0 pp
−3.0 pp
−3.0 pp
−5.0 pp
−18.0 pp
−14.0 pp
Glenmark Pharmaceuticals Ltd · GLENMARK
+0.0 pp
+2.8 pp
−3.0 pp
−3.8 pp
−2.9 pp
−6.8 pp
−2.4 pp
−1.5 pp
−1.9 pp
−23.0 pp
+3.0 pp
+4.0 pp
+4.0 pp
+26.0 pp
+1.0 pp
0.0 pp
+21.0 pp
+4.0 pp
+3.0 pp
+2.0 pp
Ipca Laboratories Ltd · IPCALAB
−3.0 pp
−4.4 pp
−3.5 pp
−9.5 pp
−5.3 pp
−7.5 pp
−5.0 pp
+2.0 pp
0.0 pp
+2.0 pp
+4.0 pp
0.0 pp
+1.0 pp
+5.0 pp
+3.0 pp
−1.0 pp
+2.0 pp
+1.0 pp
+1.0 pp
—
Lupin Ltd · LUPIN
−47.5 pp
−10.5 pp
−12.1 pp
−16.4 pp
+43.4 pp
+3.1 pp
+6.1 pp
+11.8 pp
+7.0 pp
+8.0 pp
+7.0 pp
+4.0 pp
+6.0 pp
+4.0 pp
+3.0 pp
+6.0 pp
+9.0 pp
+8.0 pp
+10.0 pp
—
Mankind Pharma Ltd · MANKIND
—
—
—
—
—
—
+3.5 pp
+4.1 pp
+0.7 pp
+2.0 pp
+4.0 pp
−2.0 pp
+3.0 pp
+3.0 pp
−2.0 pp
+1.0 pp
−3.0 pp
0.0 pp
+5.0 pp
+2.0 pp
Sun Pharmaceutical Industries Ltd · SUNPHARMA
+1.7 pp
−0.8 pp
+0.7 pp
−2.2 pp
−0.3 pp
+0.6 pp
+1.2 pp
+1.2 pp
−1.0 pp
+1.0 pp
−1.0 pp
+1.0 pp
+4.0 pp
+1.0 pp
+4.0 pp
+2.0 pp
+1.0 pp
+3.0 pp
−2.0 pp
−2.0 pp
Torrent Pharmaceuticals Ltd · TORNTPHARM
−0.6 pp
−4.9 pp
−3.7 pp
−1.4 pp
−0.9 pp
+3.5 pp
+2.7 pp
+0.7 pp
+1.0 pp
+3.0 pp
+3.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
0.0 pp
+1.0 pp
0.0 pp
−1.0 pp
+2.0 pp
Zydus Lifesciences Ltd · ZYDUSLIFE
+1.7 pp
−0.5 pp
−4.3 pp
−2.7 pp
−4.2 pp
+1.4 pp
+6.1 pp
+8.6 pp
+6.3 pp
+2.0 pp
+4.0 pp
+5.0 pp
+2.0 pp
+2.0 pp
+4.0 pp
−2.0 pp
+5.0 pp
0.0 pp
+1.0 pp
—
08 · compare level, then change
Profit Scale & Acceleration
Sun Pharmaceutical Industries Ltd has the highest Net profit among the 43 Pharma - Formulators companies compared here, at ₹12,117 crore. Lupin Ltd is next at ₹5,356 crore. Glenmark Pharmaceuticals Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Sun Pharmaceutical Industries Ltd leads with ₹12,117 crore of TTM profit, 126.2% above Lupin Ltd. Glenmark Pharmaceuticals Ltd shows ≥100% on the scoring scale (138.7% uncapped) growth from a ₹1,797 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderSun Pharmaceutical Industries Ltd · ₹12,117 crore
Gap126.2% versus #2 · Lupin Ltd
Persistence6/8 recent comparable periods
Coverage41/43 companies · 661 observations
Investor read: Sun Pharmaceutical Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
Profit growthfastest growers
4Kwality Pharmaceuticals Ltd 53999772%
Net profit · company comparison
41/43 level · 34/43 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Sun Pharmaceutical Industries Ltd SUNPHARMA | ₹2.9K Cr | 27% | Jun 2026 |
| Lupin Ltd LUPIN | ₹1.5K Cr | 88% | Mar 2026 |
| Zydus Lifesciences Ltd ZYDUSLIFE | ₹1.3K Cr | 7.8% | Mar 2026 |
| Aurobindo Pharma Ltd AUROPHARMA | ₹921 Cr | 2.0% | Mar 2026 |
| Cipla Ltd CIPLA | ₹786 Cr | -39% | Jun 2026 |
| Mankind Pharma Ltd MANKIND | ₹574 Cr | 29% | Jun 2026 |
| Torrent Pharmaceuticals Ltd TORNTPHARM | ₹566 Cr | 3.3% | Jun 2026 |
| Glenmark Pharmaceuticals Ltd GLENMARK | ₹483 Cr | 928% | Jun 2026 |
| Dr Reddys Laboratories Ltd DRREDDY | ₹436 Cr | -69% | Jun 2026 |
| Ajanta Pharma Ltd AJANTPHARM | ₹334 Cr | 31% | Jun 2026 |
| Ipca Laboratories Ltd IPCALAB | ₹307 Cr | 380% | Mar 2026 |
| Natco Pharma Ltd NATCOPHARM | ₹269 Cr | -34% | Mar 2026 |
| Alkem Laboratories Ltd ALKEM | ₹251 Cr | -22% | Mar 2026 |
| Emcure Pharmaceuticals Ltd EMCURE | ₹244 Cr | 24% | Mar 2026 |
| Alembic Pharmaceuticals Ltd APLLTD | ₹202 Cr | 29% | Mar 2026 |
| Biocon Ltd BIOCON | ₹199 Cr | -57% | Mar 2026 |
| Caplin Point Laboratories Ltd CAPLIPOINT | ₹173 Cr | 19% | Mar 2026 |
| Strides Pharma Science Ltd STAR | ₹165 Cr | 56% | Jun 2026 |
| Wockhardt Ltd WOCKPHARMA | ₹164 Cr | 205% | Mar 2026 |
| Marksans Pharma Ltd MARKSANS | ₹149 Cr | 64% | Mar 2026 |
| ERIS Lifesciences Ltd ERIS | ₹143 Cr | 14% | Jun 2026 |
| FDC Ltd FDC | ₹103 Cr | 164% | Mar 2026 |
| J B Chemicals & Pharmaceuticals Ltd JBCHEPHARM | ₹101 Cr | -31% | Mar 2026 |
| Akums Drugs & Pharmaceuticals Ltd AKUMS | ₹81 Cr | -46% | Mar 2026 |
| Rubicon Research Ltd RUBICON | ₹77 Cr | 114% | Mar 2026 |
| Indoco Remedies Ltd INDOCO | ₹65 Cr | -1,900% | Jun 2026 |
| Corona Remedies Ltd CORONA | ₹60 Cr | 30% | Jun 2026 |
| Bliss GVS Pharma Ltd BLISSGVS | ₹37 Cr | 118% | Mar 2026 |
| RPG Life Sciences Ltd RPGLIFE | ₹31 Cr | 19% | Jun 2026 |
| Accent Microcell Ltd ACCENTMIC⚠ unverified | ₹26 Cr | 53% | Mar 2026 |
| Kwality Pharmaceuticals Ltd 539997 | ₹25 Cr | 79% | Mar 2026 |
| Gufic BioSciences Ltd GUFICBIO | ₹22 Cr | 175% | Mar 2026 |
| Amrutanjan Health Care Ltd AMRUTANJAN⚠ unverified | ₹16 Cr | 6.7% | Mar 2026 |
| Kilitch Drugs (India) Ltd KILITCH⚠ unverified | ₹15 Cr | 50% | Mar 2026 |
| Bajaj Healthcare Ltd BAJAJHCARE⚠ unverified | ₹14 Cr | 17% | Jun 2026 |
| Sai Parenterals Ltd SAIPARENT⚠ unverified | ₹13 Cr | — | Mar 2026 |
| Lincoln Pharmaceuticals Ltd LINCOLN⚠ unverified | ₹12 Cr | 0.0% | Mar 2026 |
| Fredun Pharmaceuticals Ltd 539730 | ₹11 Cr | 83% | Mar 2026 |
| Influx Healthtech Ltd INFLUX⚠ unverified | ₹11 Cr | 38% | Mar 2026 |
| Zim Laboratories Ltd ZIMLAB⚠ unverified | ₹4 Cr | -23% | Mar 2026 |
| Bharat Parenterals Ltd 541096 | ₹-8 Cr | -316% | Mar 2026 |
| Suven Life Sciences Ltd SUVEN | ₹-46 Cr | — | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 42 companies with a series here. The remaining 30 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Alkem Laboratories Ltd · ALKEM
—
—
—
—
—
₹460 Cr
₹68 Cr
₹288 Cr
₹615 Cr
₹604 Cr
₹304 Cr
₹550 Cr
₹702 Cr
₹641 Cr
₹322 Cr
₹668 Cr
₹779 Cr
₹653 Cr
₹251 Cr
—
Aurobindo Pharma Ltd · AUROPHARMA
₹697 Cr
₹605 Cr
₹576 Cr
₹521 Cr
₹165 Cr
₹491 Cr
₹506 Cr
₹570 Cr
₹752 Cr
₹940 Cr
₹907 Cr
₹918 Cr
₹817 Cr
₹846 Cr
₹903 Cr
₹824 Cr
₹848 Cr
₹910 Cr
₹921 Cr
—
Biocon Ltd · BIOCON
₹160 Cr
₹220 Cr
₹284 Cr
₹167 Cr
₹988 Cr
₹-21 Cr
₹414 Cr
₹149 Cr
₹173 Cr
₹753 Cr
₹223 Cr
₹862 Cr
₹27 Cr
₹81 Cr
₹459 Cr
₹89 Cr
₹133 Cr
₹-52 Cr
₹199 Cr
—
Cipla Ltd · CIPLA
₹711 Cr
₹729 Cr
₹362 Cr
₹686 Cr
₹789 Cr
₹808 Cr
₹522 Cr
₹998 Cr
₹1.2K Cr
₹1.1K Cr
₹932 Cr
₹1.2K Cr
₹1.3K Cr
₹1.6K Cr
₹1.2K Cr
₹1.3K Cr
₹1.4K Cr
₹674 Cr
₹543 Cr
₹786 Cr
Dr Reddys Laboratories Ltd · DRREDDY
₹992 Cr
₹707 Cr
₹88 Cr
₹1.2K Cr
₹1.1K Cr
₹1.2K Cr
₹960 Cr
₹1.4K Cr
₹1.5K Cr
₹1.4K Cr
₹1.3K Cr
₹1.4K Cr
₹1.3K Cr
₹1.4K Cr
₹1.6K Cr
₹1.4K Cr
₹1.3K Cr
₹1.2K Cr
₹221 Cr
₹436 Cr
Glenmark Pharmaceuticals Ltd · GLENMARK
₹275 Cr
₹240 Cr
₹173 Cr
₹211 Cr
₹279 Cr
₹291 Cr
₹-403 Cr
₹173 Cr
₹-62 Cr
₹-331 Cr
₹-1.2K Cr
₹340 Cr
₹354 Cr
₹348 Cr
₹4 Cr
₹47 Cr
₹610 Cr
₹403 Cr
₹301 Cr
₹483 Cr
Ipca Laboratories Ltd · IPCALAB
—
—
—
—
₹166 Cr
₹110 Cr
₹78 Cr
₹164 Cr
₹136 Cr
₹221 Cr
₹1 Cr
₹199 Cr
₹246 Cr
₹276 Cr
₹64 Cr
₹233 Cr
₹281 Cr
₹364 Cr
₹307 Cr
—
Lupin Ltd · LUPIN
₹-2.1K Cr
₹549 Cr
₹-512 Cr
₹-87 Cr
₹134 Cr
₹158 Cr
₹242 Cr
₹453 Cr
₹495 Cr
₹619 Cr
₹368 Cr
₹806 Cr
₹859 Cr
₹859 Cr
₹782 Cr
₹1.2K Cr
₹1.5K Cr
₹1.2K Cr
₹1.5K Cr
—
Mankind Pharma Ltd · MANKIND
—
—
₹190 Cr
₹293 Cr
₹420 Cr
₹296 Cr
₹294 Cr
₹494 Cr
₹511 Cr
₹460 Cr
₹477 Cr
₹543 Cr
₹659 Cr
₹385 Cr
₹425 Cr
₹445 Cr
₹520 Cr
₹414 Cr
₹559 Cr
₹574 Cr
Sun Pharmaceutical Industries Ltd · SUNPHARMA
₹2.0K Cr
₹2.1K Cr
₹-2.3K Cr
₹2.1K Cr
₹2.3K Cr
₹2.2K Cr
₹2.0K Cr
₹2.0K Cr
₹2.4K Cr
₹2.6K Cr
₹2.7K Cr
₹2.9K Cr
₹3.0K Cr
₹2.9K Cr
₹2.2K Cr
₹2.3K Cr
₹3.1K Cr
₹3.4K Cr
₹2.7K Cr
₹2.9K Cr
Torrent Pharmaceuticals Ltd · TORNTPHARM
₹316 Cr
₹249 Cr
₹-118 Cr
₹354 Cr
₹312 Cr
₹292 Cr
₹287 Cr
₹378 Cr
₹386 Cr
₹443 Cr
₹449 Cr
₹457 Cr
₹453 Cr
₹503 Cr
₹498 Cr
₹548 Cr
₹591 Cr
₹635 Cr
₹364 Cr
₹566 Cr
Zydus Lifesciences Ltd · ZYDUSLIFE
₹3.0K Cr
₹511 Cr
₹453 Cr
₹576 Cr
₹526 Cr
₹631 Cr
₹358 Cr
₹1.1K Cr
₹803 Cr
₹790 Cr
₹1.2K Cr
₹1.5K Cr
₹920 Cr
₹1.0K Cr
₹1.2K Cr
₹1.5K Cr
₹1.2K Cr
₹1.0K Cr
₹1.3K Cr
—
Profit growth · reported quarter history
Showing the 12 largest of 40 companies with a series here. The remaining 28 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Alkem Laboratories Ltd · ALKEM
—
—
—
—
—
—
—
—
—
31%
347%
91%
14%
6.1%
5.9%
21%
11%
1.9%
-22%
—
Aurobindo Pharma Ltd · AUROPHARMA
—
—
—
-32%
-76%
-19%
-12%
9.4%
356%
91%
79%
61%
8.6%
-10%
-0.4%
-10%
3.8%
7.6%
2.0%
—
Biocon Ltd · BIOCON
—
—
—
55%
518%
-110%
46%
-11%
-82%
—
-46%
479%
-84%
-89%
106%
-90%
393%
-164%
-57%
—
Cipla Ltd · CIPLA
—
—
—
-4.1%
11%
11%
44%
45%
46%
32%
79%
18%
13%
47%
30%
10.0%
3.7%
-57%
-55%
-39%
Dr Reddys Laboratories Ltd · DRREDDY
—
—
—
108%
12%
76%
991%
18%
33%
11%
36%
-0.9%
-9.5%
1.7%
21%
1.3%
-0.4%
-15%
-86%
-69%
Glenmark Pharmaceuticals Ltd · GLENMARK
—
—
—
-31%
1.5%
21%
-333%
-18%
-122%
-214%
—
97%
—
—
—
-86%
72%
16%
7,425%
928%
Ipca Laboratories Ltd · IPCALAB
—
—
—
—
—
—
—
—
-18%
101%
-99%
21%
81%
25%
6,300%
17%
14%
32%
380%
—
Lupin Ltd · LUPIN
—
—
—
-116%
—
-71%
—
—
269%
292%
52%
78%
74%
39%
113%
51%
73%
37%
88%
—
Mankind Pharma Ltd · MANKIND
—
—
—
—
—
—
55%
69%
22%
55%
62%
9.9%
29%
-16%
-11%
-18%
-21%
7.5%
32%
29%
Sun Pharmaceutical Industries Ltd · SUNPHARMA
—
—
—
43%
11%
5.9%
—
-2.7%
5.4%
17%
34%
43%
27%
14%
-19%
-20%
2.9%
16%
26%
27%
Torrent Pharmaceuticals Ltd · TORNTPHARM
—
—
—
7.3%
-1.3%
17%
—
6.8%
24%
52%
56%
21%
17%
14%
11%
20%
30%
26%
-27%
3.3%
Zydus Lifesciences Ltd · ZYDUSLIFE
—
—
—
-10%
-83%
23%
-21%
97%
53%
25%
248%
31%
15%
30%
-0.2%
2.6%
35%
-0.3%
7.8%
—
09 · compare level, then change
Return On Capital Employed
Influx Healthtech Ltd has the highest ROCE among the 43 Pharma - Formulators companies compared here, at 40%. Glenmark Pharmaceuticals Ltd is next at 39.8%. Suven Life Sciences Ltd has the highest ROCE change at +104.4 percentage points, so level and change sit with different companies. 43 of 43 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Influx Healthtech Ltd leads ROCE at 40%, 0.2 percentage points above Glenmark Pharmaceuticals Ltd. Suven Life Sciences Ltd has the strongest latest improvement at +104.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderInflux Healthtech Ltd · 40%
Gap0.5% versus #2 · Glenmark Pharmaceuticals Ltd
Persistence1/1 recent comparable periods
Coverage43/43 companies · 439 observations
Investor read: Influx Healthtech Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
ROCE changefastest improvers
4Kwality Pharmaceuticals Ltd 539997+6.0 pp
Return on capital · company comparison
43/43 level · 42/43 change
Withheld from this chart: Alkem Laboratories Ltd (ALKEM) — its two data sources disagree by up to 5.6% on reported income across 14 comparable periods, so its derived ratios are withheld; Ipca Laboratories Ltd (IPCALAB) — its two data sources disagree by up to 5,809% on reported income across 15 comparable periods, so its derived ratios are withheld; Emcure Pharmaceuticals Ltd (EMCURE) — its two data sources disagree by up to 7.2% on reported income across 12 comparable periods, so its derived ratios are withheld; ERIS Lifesciences Ltd (ERIS) — its two data sources disagree by up to 11% on reported income across 14 comparable periods, so its derived ratios are withheld; Akums Drugs & Pharmaceuticals Ltd (AKUMS) — its two data sources disagree by up to 4.7% on reported income across 12 comparable periods, so its derived ratios are withheld; Bliss GVS Pharma Ltd (BLISSGVS) — its two data sources disagree by up to 73% on reported income across 15 comparable periods, so its derived ratios are withheld; Indoco Remedies Ltd (INDOCO) — its two data sources disagree by up to 7.8% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Corona Remedies Ltd CORONA | 30% | −0.3 pp | Jun 2026 |
| Glenmark Pharmaceuticals Ltd GLENMARK | 30% | +10.7 pp | Jun 2026 |
| Ajanta Pharma Ltd AJANTPHARM | 28% | −0.3 pp | Jun 2026 |
| Lupin Ltd LUPIN | 27% | +7.1 pp | Mar 2026 |
| Influx Healthtech Ltd INFLUX⚠ unverified | 27% | +5.7 pp | Mar 2026 |
| Rubicon Research Ltd RUBICON | 24% | −9.9 pp | Mar 2026 |
| J B Chemicals & Pharmaceuticals Ltd JBCHEPHARM | 21% | −2.5 pp | Mar 2026 |
| Sun Pharmaceutical Industries Ltd SUNPHARMA | 21% | +1.2 pp | Jun 2026 |
| RPG Life Sciences Ltd RPGLIFE | 20% | −6.0 pp | Jun 2026 |
| Accent Microcell Ltd ACCENTMIC⚠ unverified | 20% | +0.1 pp | Mar 2026 |
| Caplin Point Laboratories Ltd CAPLIPOINT | 19% | −1.4 pp | Mar 2026 |
| Strides Pharma Science Ltd STAR | 18% | −1.9 pp | Jun 2026 |
| Amrutanjan Health Care Ltd AMRUTANJAN⚠ unverified | 16% | +0.3 pp | Mar 2026 |
| Zydus Lifesciences Ltd ZYDUSLIFE | 16% | −5.3 pp | Mar 2026 |
| Torrent Pharmaceuticals Ltd TORNTPHARM | 15% | −14.9 pp | Jun 2026 |
| Marksans Pharma Ltd MARKSANS | 15% | −1.0 pp | Mar 2026 |
| Gufic BioSciences Ltd GUFICBIO | 15% | −0.4 pp | Mar 2026 |
| Mankind Pharma Ltd MANKIND | 14% | −4.3 pp | Jun 2026 |
| Cipla Ltd CIPLA | 14% | −10.1 pp | Jun 2026 |
| Natco Pharma Ltd NATCOPHARM | 13% | −12.5 pp | Mar 2026 |
| Alembic Pharmaceuticals Ltd APLLTD | 13% | −0.7 pp | Mar 2026 |
| Aurobindo Pharma Ltd AUROPHARMA | 13% | −1.8 pp | Mar 2026 |
| FDC Ltd FDC | 11% | −0.6 pp | Mar 2026 |
| Lincoln Pharmaceuticals Ltd LINCOLN⚠ unverified | 11% | −2.2 pp | Mar 2026 |
| Kilitch Drugs (India) Ltd KILITCH⚠ unverified | 9.8% | −3.0 pp | Mar 2026 |
| Bajaj Healthcare Ltd BAJAJHCARE⚠ unverified | 8.9% | −7.8 pp | Jun 2026 |
| Dr Reddys Laboratories Ltd DRREDDY | 8.4% | −10.6 pp | Jun 2026 |
| Wockhardt Ltd WOCKPHARMA | 7.0% | +3.6 pp | Mar 2026 |
| Sai Parenterals Ltd SAIPARENT⚠ unverified | 4.2% | — | Mar 2026 |
| Biocon Ltd BIOCON | 3.5% | −0.1 pp | Mar 2026 |
| Zim Laboratories Ltd ZIMLAB⚠ unverified | 3.0% | −5.0 pp | Mar 2026 |
| Suven Life Sciences Ltd SUVEN | -49% | +104.4 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Showing the 12 largest of 32 companies with a series here. The remaining 20 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Ajanta Pharma Ltd · AJANTPHARM
25%
—
24%
—
20%
—
19%
—
23%
27%
28%
32%
29%
32%
28%
32%
27%
31%
28%
—
Aurobindo Pharma Ltd · AUROPHARMA
17%
—
13%
—
10%
—
8.8%
9.7%
10%
14%
13%
17%
15%
17%
14%
16%
14%
16%
13%
—
Biocon Ltd · BIOCON
6.3%
—
6.7%
—
5.9%
—
3.6%
7.9%
4.2%
8.6%
4.4%
8.2%
4.0%
6.2%
3.6%
4.2%
3.7%
3.8%
3.5%
—
Cipla Ltd · CIPLA
17%
—
16%
—
15%
—
17%
—
19%
22%
20%
23%
20%
24%
19%
24%
18%
19%
14%
14%
Dr Reddys Laboratories Ltd · DRREDDY
17%
17%
18%
18%
20%
22%
23%
25%
25%
23%
23%
21%
20%
20%
20%
19%
18%
16%
12%
8.4%
Glenmark Pharmaceuticals Ltd · GLENMARK
16%
—
15%
—
12%
—
—
—
8.9%
-2.3%
19%
9.2%
20%
19%
19%
14%
30%
17%
30%
—
J B Chemicals & Pharmaceuticals Ltd · JBCHEPHARM
25%
—
21%
—
20%
—
20%
—
22%
26%
24%
27%
24%
27%
24%
27%
23%
27%
21%
—
Lupin Ltd · LUPIN
11%
—
9.2%
—
8.2%
—
6.2%
12%
13%
18%
18%
22%
21%
24%
20%
27%
23%
31%
27%
—
Mankind Pharma Ltd · MANKIND
—
—
3.0%
—
—
19%
20%
—
21%
27%
28%
28%
18%
28%
19%
19%
9.0%
18%
13%
14%
Sun Pharmaceutical Industries Ltd · SUNPHARMA
14%
—
16%
—
15%
—
15%
—
15%
18%
15%
19%
16%
20%
17%
19%
16%
20%
16%
21%
Torrent Pharmaceuticals Ltd · TORNTPHARM
20%
—
20%
—
20%
—
22%
24%
23%
27%
27%
29%
28%
29%
29%
30%
29%
30%
9.6%
15%
Zydus Lifesciences Ltd · ZYDUSLIFE
11%
—
12%
—
12%
—
14%
—
18%
19%
19%
25%
21%
25%
21%
24%
16%
22%
16%
—
ROCE change · reported quarter history
Showing the 12 largest of 31 companies with a series here. The remaining 19 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Ajanta Pharma Ltd · AJANTPHARM
—
—
—
—
−5.1 pp
—
−4.7 pp
—
+2.9 pp
—
+8.9 pp
—
+6.7 pp
+5.4 pp
+0.5 pp
−0.7 pp
−2.8 pp
−0.9 pp
−0.3 pp
—
Aurobindo Pharma Ltd · AUROPHARMA
—
—
—
—
−6.4 pp
—
−4.0 pp
—
−0.1 pp
—
+4.6 pp
+7.4 pp
+4.8 pp
+2.3 pp
+0.9 pp
−1.2 pp
−1.1 pp
−1.0 pp
−1.8 pp
—
Biocon Ltd · BIOCON
—
—
—
—
−0.4 pp
—
−3.1 pp
—
−1.7 pp
—
+0.8 pp
+0.3 pp
−0.2 pp
−2.4 pp
−0.8 pp
−4.0 pp
−0.3 pp
−2.4 pp
−0.1 pp
—
Cipla Ltd · CIPLA
—
—
—
—
−2.5 pp
—
+0.4 pp
—
+3.8 pp
—
+3.0 pp
—
+0.9 pp
+2.4 pp
−0.3 pp
+0.4 pp
−1.4 pp
−4.9 pp
−5.6 pp
−10.1 pp
Dr Reddys Laboratories Ltd · DRREDDY
—
—
—
—
+2.2 pp
+4.7 pp
+4.5 pp
+7.9 pp
+5.1 pp
+1.0 pp
+0.1 pp
−4.0 pp
−4.4 pp
−3.0 pp
−2.8 pp
−2.4 pp
−2.3 pp
−3.8 pp
−7.9 pp
−10.6 pp
Glenmark Pharmaceuticals Ltd · GLENMARK
—
—
—
—
−3.9 pp
—
—
—
−2.8 pp
—
—
—
+10.8 pp
+21.6 pp
−0.2 pp
+4.3 pp
+10.4 pp
−1.9 pp
+10.7 pp
—
J B Chemicals & Pharmaceuticals Ltd · JBCHEPHARM
—
—
—
—
−5.1 pp
—
−1.6 pp
—
+2.6 pp
—
+4.4 pp
—
+1.6 pp
+0.7 pp
−0.5 pp
+0.1 pp
−1.1 pp
+0.5 pp
−2.5 pp
—
Lupin Ltd · LUPIN
—
—
—
—
−2.8 pp
—
−3.0 pp
—
+5.2 pp
—
+11.7 pp
+9.9 pp
+7.3 pp
+6.1 pp
+2.2 pp
+5.0 pp
+2.2 pp
+6.8 pp
+7.1 pp
—
Mankind Pharma Ltd · MANKIND
—
—
—
—
—
—
+16.7 pp
—
—
+8.0 pp
+7.8 pp
—
−3.1 pp
+1.2 pp
−9.0 pp
−9.3 pp
−8.5 pp
−10.7 pp
−5.4 pp
−4.3 pp
Sun Pharmaceutical Industries Ltd · SUNPHARMA
—
—
—
—
+0.4 pp
—
−0.2 pp
—
+0.6 pp
—
+0.1 pp
—
+0.9 pp
+2.5 pp
+1.7 pp
+0.4 pp
+0.2 pp
−0.1 pp
−1.3 pp
+1.2 pp
Torrent Pharmaceuticals Ltd · TORNTPHARM
—
—
—
—
−0.6 pp
—
+2.0 pp
—
+3.5 pp
—
+4.3 pp
+4.8 pp
+4.2 pp
+2.5 pp
+2.0 pp
+0.8 pp
+1.3 pp
+1.1 pp
−19.1 pp
−14.9 pp
Zydus Lifesciences Ltd · ZYDUSLIFE
—
—
—
—
+1.3 pp
—
+1.7 pp
—
+5.7 pp
—
+4.9 pp
—
+2.9 pp
+6.6 pp
+2.2 pp
−0.8 pp
−4.6 pp
−3.2 pp
−5.3 pp
—
10 · compare level, then change
Valuation Against Growth & Quality
Lupin Ltd has the lowest PEG among the 43 Pharma - Formulators companies compared here, at 0.54×. Natco Pharma Ltd is next at 0.76×. Natco Pharma Ltd has the lowest P/E at 11.6×, so level and change sit with different companies. 21 of 43 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Lupin Ltd has the lowest comparable PEG at 0.54×, 28.9% below Natco Pharma Ltd. Only 21 of 43 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderLupin Ltd · 0.54×
Gap28.9% versus #2 · Natco Pharma Ltd
Persistence0/8 recent comparable periods
Coverage21/43 companies · 169 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
P/Elowest P/E
Valuation · company comparison
21/43 level · 39/43 change
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Torrent Pharmaceuticals Ltd TORNTPHARM | 5.1 | 69.8 | Jun 2026 |
| Gufic BioSciences Ltd GUFICBIO | 4.8 | 56.2 | Mar 2026 |
| Sun Pharmaceutical Industries Ltd SUNPHARMA | 3.8 | 35.9 | Jun 2026 |
| Mankind Pharma Ltd MANKIND | 2.8 | 50.8 | Jun 2026 |
| Aurobindo Pharma Ltd AUROPHARMA | 2.7 | 21.6 | Mar 2026 |
| J B Chemicals & Pharmaceuticals Ltd JBCHEPHARM | 2.3 | 42.6 | Mar 2026 |
| Ajanta Pharma Ltd AJANTPHARM | 2.3 | 35.2 | Jun 2026 |
| Alembic Pharmaceuticals Ltd APLLTD | 1.7 | 20.0 | Mar 2026 |
| Glenmark Pharmaceuticals Ltd GLENMARK | 1.4 | 20.6 | Jun 2026 |
| RPG Life Sciences Ltd RPGLIFE | 1.4 | 33.5 | Jun 2026 |
| Marksans Pharma Ltd MARKSANS | 1.4 | 20.5 | Mar 2026 |
| Zydus Lifesciences Ltd ZYDUSLIFE | 1.4 | 17.7 | Mar 2026 |
| Cipla Ltd CIPLA | 1.3 | 30.6 | Jun 2026 |
| Corona Remedies Ltd CORONA | 1.2 | 60.2 | Jun 2026 |
| Dr Reddys Laboratories Ltd DRREDDY | 1.2 | 26.9 | Jun 2026 |
| Caplin Point Laboratories Ltd CAPLIPOINT | 1.0 | 19.3 | Mar 2026 |
| FDC Ltd FDC | 0.9 | 22.5 | Mar 2026 |
| Biocon Ltd BIOCON | 0.8 | 57.6 | Mar 2026 |
| Natco Pharma Ltd NATCOPHARM | 0.8 | 11.3 | Mar 2026 |
| Lupin Ltd LUPIN | 0.5 | 21.4 | Mar 2026 |
| Fredun Pharmaceuticals Ltd 539730 | — | 25.5 | Mar 2026 |
| Kwality Pharmaceuticals Ltd 539997 | — | 25.3 | Mar 2026 |
| Bharat Parenterals Ltd 541096 | — | 50.6 | Mar 2026 |
| Alkem Laboratories Ltd ALKEM | — | 26.6 | Mar 2026 |
| Ipca Laboratories Ltd IPCALAB | — | 38.1 | Mar 2026 |
| Emcure Pharmaceuticals Ltd EMCURE | — | 34.6 | Mar 2026 |
| Wockhardt Ltd WOCKPHARMA | — | 177.8 | Mar 2026 |
| Rubicon Research Ltd RUBICON | — | 59.1 | Mar 2026 |
| ERIS Lifesciences Ltd ERIS | — | 32.0 | Jun 2026 |
| Akums Drugs & Pharmaceuticals Ltd AKUMS | — | 23.0 | Mar 2026 |
| Strides Pharma Science Ltd STAR | — | 17.2 | Jun 2026 |
| Bliss GVS Pharma Ltd BLISSGVS | — | 20.8 | Mar 2026 |
| Indoco Remedies Ltd INDOCO | — | 125.3 | Jun 2026 |
| Amrutanjan Health Care Ltd AMRUTANJAN⚠ unverified | — | 29.0 | Mar 2026 |
| Accent Microcell Ltd ACCENTMIC⚠ unverified | — | 25.7 | Mar 2026 |
| Lincoln Pharmaceuticals Ltd LINCOLN⚠ unverified | — | 13.3 | Mar 2026 |
| Bajaj Healthcare Ltd BAJAJHCARE⚠ unverified | — | 24.2 | Jun 2026 |
| Influx Healthtech Ltd INFLUX⚠ unverified | — | 23.6 | Mar 2026 |
| Kilitch Drugs (India) Ltd KILITCH⚠ unverified | — | 18.7 | Mar 2026 |
| Zim Laboratories Ltd ZIMLAB⚠ unverified | — | 44.8 | Mar 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Ajanta Pharma Ltd · AJANTPHARM
0.8
3.2
1.4
2.3
4.0
—
—
1.5
—
—
2.0
2.0
1.3
1.3
1.5
2.1
3.0
2.7
2.5
2.3
Aurobindo Pharma Ltd · AUROPHARMA
1.4
—
—
—
—
—
—
—
—
5.0
0.8
—
—
0.4
0.7
2.7
—
—
—
—
Biocon Ltd · BIOCON
—
10.8
4.1
—
2.6
—
—
—
—
3.5
—
0.8
—
—
—
—
—
—
—
—
Cipla Ltd · CIPLA
—
—
—
—
—
3.4
—
0.6
1.1
0.9
0.6
1.5
0.8
0.5
0.9
2.3
—
1.3
—
—
Dr Reddys Laboratories Ltd · DRREDDY
—
—
—
—
—
—
—
—
0.3
1.8
0.5
0.8
1.2
—
—
—
—
—
—
—
Glenmark Pharmaceuticals Ltd · GLENMARK
1.0
—
—
—
—
0.6
—
—
—
—
—
—
—
—
—
—
—
1.4
—
—
J B Chemicals & Pharmaceuticals Ltd · JBCHEPHARM
0.9
—
—
—
—
1.5
—
7.1
2.5
2.1
1.9
1.4
1.6
1.8
1.6
2.2
2.3
2.3
—
—
Lupin Ltd · LUPIN
—
1.0
—
—
—
—
—
—
—
—
0.8
—
—
—
0.5
—
—
—
—
—
Mankind Pharma Ltd · MANKIND
—
—
—
—
—
—
—
—
3.0
0.9
—
1.1
0.9
1.5
2.8
—
—
—
—
—
Sun Pharmaceutical Industries Ltd · SUNPHARMA
—
—
—
0.7
2.5
4.2
5.1
—
2.1
2.5
2.4
0.9
2.3
1.6
1.4
2.5
3.8
—
—
—
Torrent Pharmaceuticals Ltd · TORNTPHARM
3.6
7.4
—
—
—
3.3
—
9.4
2.9
1.0
1.2
2.9
2.2
4.9
5.4
3.0
2.9
2.3
—
5.1
Zydus Lifesciences Ltd · ZYDUSLIFE
—
—
—
—
—
0.9
—
—
1.5
0.8
—
—
1.8
0.6
—
1.1
0.6
1.0
1.4
—
P/E · reported quarter history
Showing the 12 largest of 40 companies with a series here. The remaining 28 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Alkem Laboratories Ltd · ALKEM
29.3
25.4
24.4
21.8
29.9
32.7
39.5
41.3
36.7
41.2
34.9
31.6
34.4
30.2
27.0
27.1
28.6
28.2
26.6
—
Aurobindo Pharma Ltd · AUROPHARMA
12.9
13.6
14.8
11.1
11.8
11.4
14.1
22.1
26.6
26.8
22.7
21.6
24.7
20.4
19.0
18.7
18.7
20.5
21.6
—
Biocon Ltd · BIOCON
64.8
64.1
59.7
54.2
44.6
48.4
39.2
46.8
51.3
41.3
26.5
41.3
28.4
30.2
52.6
43.8
113.3
102.7
57.6
—
Cipla Ltd · CIPLA
29.7
28.5
30.8
28.7
35.8
33.5
27.3
28.2
29.8
28.3
30.6
28.1
30.4
26.4
23.3
23.6
22.5
22.4
21.1
30.6
Dr Reddys Laboratories Ltd · DRREDDY
45.8
41.6
27.5
32.9
24.1
22.7
21.1
19.1
19.7
19.0
19.6
19.1
20.2
21.7
17.8
19.2
18.4
18.4
19.2
26.9
Glenmark Pharmaceuticals Ltd · GLENMARK
14.2
14.4
11.7
10.1
11.5
12.5
16.2
26.7
34.5
47.4
46.8
-26.5
-54.0
-258.2
41.5
34.2
41.8
22.6
22.6
20.6
Ipca Laboratories Ltd · IPCALAB
30.4
27.9
27.5
25.6
32.2
34.9
39.2
40.0
48.3
54.7
57.6
48.5
60.4
60.8
48.1
39.6
38.9
36.9
38.1
—
Lupin Ltd · LUPIN
25.4
25.2
—
—
453.1
-102.9
68.5
95.5
54.9
45.2
41.1
38.6
44.6
38.7
32.2
26.9
23.7
22.3
21.4
—
Mankind Pharma Ltd · MANKIND
—
—
—
—
—
—
—
49.9
57.4
51.0
53.4
44.6
53.0
54.4
48.0
47.6
53.6
51.8
45.3
50.8
Sun Pharmaceutical Industries Ltd · SUNPHARMA
26.9
27.6
28.6
26.2
29.6
30.4
29.5
29.2
31.4
33.7
41.5
36.5
44.3
39.8
35.3
35.4
33.2
35.7
35.5
35.9
Torrent Pharmaceuticals Ltd · TORNTPHARM
41.6
43.8
38.1
41.2
43.8
43.8
41.9
51.8
51.4
58.1
61.5
59.2
70.4
66.2
58.8
58.7
59.7
59.6
62.6
69.8
Zydus Lifesciences Ltd · ZYDUSLIFE
23.7
19.7
14.8
16.9
19.0
21.9
24.1
26.0
21.9
22.3
31.2
28.2
26.0
22.9
19.7
21.4
21.1
18.2
17.7
—
11 · before the conclusion, check the blind spots
What can make this comparison misleading?
This Pharma - Formulators comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 43 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 8 draw at least one figure from a second feed with too little overlap to cross-check.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- 8 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- 7 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
12 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 43 Pharma - Formulators companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing24 cross-checked · 12 unverified · 7 withheld, of 43 graded companies.
How a second data feed is admitted, and what happens when it disagrees
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.
13 · questions investors ask, short speakable answers
Pharma - Formulators company comparison FAQs
These 24 answers restate the Pharma - Formulators comparison above in question form. Every one is computed from the same 43 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.
Is the Pharma - Formulators sector outperforming NIFTY 500?
Pharma - Formulators has outperformed NIFTY 500 by 17.1% over 52 weeks and 15.3% over 13 weeks. 32 of 40 covered companies beat NIFTY on Mansfield relative strength, while 15 of 40 beat the sector itself.
Which Pharma - Formulators company is largest by revenue?
Sun Pharmaceutical Industries Ltd leads with revenue of ₹59,911 crore, based on 41 of 43 comparable companies through Jun 2026.
Which Pharma - Formulators company is growing fastest?
Rubicon Research Ltd has the fastest current revenue growth at 36.6%, across 39 of 43 comparable companies.
Which Pharma - Formulators company has the strongest 4-Factor Sector Score?
Lupin Ltd ranks first at 74.1/100 with 88.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Pharma - Formulators company has the lowest comparable PEG?
Lupin Ltd has the lowest comparable PEG at 0.54, among 21 of 43 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Pharma - Formulators comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
What is the Nifty Pharma - Formulators index?
The Nifty Pharma - Formulators index tracks India's listed Pharma - Formulators companies as a single basket. This page follows the same 43 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Pharma - Formulators sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Pharma - Formulators stocks in India?
Ranked by this page's four-factor score, Lupin Ltd places first among 43 listed Pharma - Formulators companies, followed by Kwality Pharmaceuticals Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Pharma - Formulators stocks are listed in India?
This comparison covers 43 listed Pharma - Formulators companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Pharma - Formulators company is the biggest?
Sun Pharmaceutical Industries Ltd is the largest, with trailing-twelve-month revenue of ₹59,911 crore, ahead of Aurobindo Pharma Ltd at ₹33,653 crore. That covers 41 of 43 companies with comparable reporting through Jun 2026.
Which Pharma - Formulators company has the best profit margins?
Caplin Point Laboratories Ltd has the highest operating margin at 34%, from 42 of 43 comparable companies. Wockhardt Ltd shows the biggest recent improvement, at +14 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Pharma - Formulators company makes the most profit?
Sun Pharmaceutical Industries Ltd earns the most, at ₹12,117 crore of trailing-twelve-month net profit, from 41 of 43 comparable companies. Glenmark Pharmaceuticals Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Pharma - Formulators company earns the highest return on capital?
Influx Healthtech Ltd leads on return on capital employed at 40%, across 43 of 43 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Pharma - Formulators stock is the cheapest?
On PEG — where a LOWER number is cheaper — Lupin Ltd screens cheapest at 0.54×. Only 21 of 43 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the Pharma - Formulators sector beating the market?
Pharma - Formulators has outperformed NIFTY 500 by 17.1% over the last 52 weeks and 15.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 32 of 40 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Pharma - Formulators stock has the strongest price momentum?
Bliss GVS Pharma Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Pharma - Formulators company scores highest for research priority?
Lupin Ltd scores 74.1 out of 100 with 88.6% evidence confidence, from 29.7 points on growth and earnings, 21 on capital efficiency, 16.3 on valuation and 7.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Pharma - Formulators companies does this comparison cover, and over what period?
It compares 43 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Pharma - Formulators sector?
The 43 Pharma - Formulators companies on this page carry ₹18,84,912 crore of combined market value. Sun Pharmaceutical Industries Ltd is the largest at ₹4,77,588 crore, about 25% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.
What is the Pharma - Formulators sector's P/E ratio?
The median price-to-earnings ratio across the 43 Pharma - Formulators companies on this page is 33.4×, measured on the 39 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.
How is the Pharma - Formulators sector performing?
32 of the 40 covered Pharma - Formulators companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 17.1% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.