Sun Pharmaceutical Industries Ltd - Stock Valuation and Financial Performance

BSE: 524715 | NSE: SUNPHARMA | Pharmaceuticals & Drugs | Large Cap

Sun Pharma Inds. Share Price

1,904.80 -5.70 -0.30%
as on 07-Oct'24 16:01

DeciZen - make an informed investing decision on Sun Pharma Inds.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Sun Pharmaceutical Industries stock performance -

mw4me loader
P/E Ratio (CD):
44.12
Market Cap:
4,58,392.9 Cr.
52-wk low:
1,069
52-wk high:
1,960.2

Is Sun Pharmaceutical Industries Ltd an attractive stock to invest in?

1. Is Sun Pharmaceutical Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sun Pharmaceutical Industries Ltd is a good quality company.

2. Is Sun Pharmaceutical Industries Ltd undervalued or overvalued?

The key valuation ratios of Sun Pharmaceutical Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sun Pharmaceutical Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Sun Pharmaceutical Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Sun Pharma Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sun Pharmaceutical Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 25.1%18.6%21.5%8.4%8.7%10.1%5.7%9.3%17.2%17.6%-
Value Creation
Index
1.20.70.9-0.3-0.2-0.1-0.5-0.20.50.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 27,39228,10931,30826,41629,06632,83833,49838,65443,88648,49748,498
Sales YoY Gr.-2.6%11.4%-15.6%10%13%2%15.4%13.5%10.5%-
Adj EPS 22.522.127.811.315.116.424.527.436.74243.3
YoY Gr.--1.8%25.9%-59.3%33.4%8.6%49.8%11.9%33.7%14.4%-
BVPS (₹) 123.5137152.7159.7172.6188.7193.7200.1233.4265.4277.3
Adj Net
Profit
4,6535,3116,6642,7123,6163,9255,8826,5798,79710,06510,389
Cash Flow from Ops. 5,6166,6867,0823,9072,1966,5556,1708,9854,95912,135-
Debt/CF from Ops. 1.61.31.42.74.81.30.60.11.30.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.6%10.8%13.1%10.5%
Adj EPS 7.2%22.7%19.6%14.4%
BVPS8.9%9%11.1%13.7%
Share Price 8.6% 38.1% 32.3% 69%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
21.118.119.17.29.19.112.813.916.916.816
Op. Profit
Mgn %
29.230.83121.122.121.325.326.526.826.827.5
Net Profit
Mgn %
20.522.924.112.114.313.215.717.420.220.921.4
Debt to
Equity
0.40.30.30.30.30.20.100.10-
Working Cap
Days
189242239163154148146136219206156
Cash Conv.
Cycle
54838517274849441109796

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.00%

Sales growth is growing at healthy rate in last 3 years 13.13%

Net Profit is growing at healthy rate in last 3 years 19.62%

Sales growth is not so good in last 4 quarters at 9.25%

Latest Financials - Sun Pharmaceutical Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 11.3 43.3
TTM Sales (₹ Cr.) 19,870 48,498
BVPS (₹.) 99.8 277.3
Reserves (₹ Cr.) 23,692 66,298
P/BV 19.15 6.89
PE 168.81 44.12
From the Market
52 Week Low / High (₹) 1069.00 / 1960.20
All Time Low / High (₹) 1.65 / 1960.20
Market Cap (₹ Cr.) 4,58,393
Equity (₹ Cr.) 239.9
Face Value (₹) 1
Industry PE 47.6

Management X-Ray of Sun Pharma Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *5.574.042.531.921.782.292.442.442.051.07
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sun Pharma Inds.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales27,39228,10931,30826,41629,06632,83833,49838,65443,88648,497
Operating Expenses 19,54319,95021,62620,88122,79225,86325,03028,77332,29835,748
Manufacturing Costs1,9223,7543,8824,0183,9793,9284,0822,5832,7672,947
Material Costs6,7336,1708,1647,3527,8699,2308,69010,35210,66210,663
Employee Cost 4,5034,2044,3124,7085,2985,7046,1267,3018,2969,429
Other Costs 6,3855,8225,2684,8035,6467,0026,1328,53710,57312,709
Operating Profit 7,8498,1589,6825,5356,2746,9748,4689,88211,58812,749
Operating Profit Margin (%) 28.7%29.0%30.9%21.0%21.6%21.2%25.3%25.6%26.4%26.3%
Other Income 5666581,0309121,0596528591,4376941,628
Interest 579523400518555303141127172238
Depreciation 1,1951,0381,2651,5001,7532,0532,0802,1442,5292,557
Exceptional Items -238-6850-951-1,214-261-4,306-4,567-171-494
Profit Before Tax 6,4036,5719,0483,4793,8105,0102,7994,4819,40811,088
Tax 9159141,2129116018235151,0768481,439
Profit After Tax 5,4885,6577,8362,5683,2094,1872,2853,4068,5619,648
PAT Margin (%) 20.0%20.1%25.0%9.7%11.0%12.8%6.8%8.8%19.5%19.9%
Adjusted EPS (₹)21.918.929.08.711.115.712.113.635.339.9
Dividend Payout Ratio (%)14%5%12%23%25%25%62%73%33%34%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 25,58232,97736,63738,31441,40945,26446,46348,01155,99563,667
Share Capital 207241240240240240240240240240
Reserves 25,37432,73636,39738,07441,16945,02546,22347,77155,75563,427
Minority Interest2851408537913884331438603017305533203439
Debt7,5968,3168,0919,7529,8937,5783,3436985,9582,846
Long Term Debt1,3683,1101,4361,7721,5232,02989823001
Short Term Debt6,2285,2066,6557,9808,3715,5492,4454695,9582,844
Trade Payables3,2873,5834,3954,7664,1483,5843,9744,4905,6825,653
Others Liabilities 7,6563,4206,0035,3933,3754,7917,31410,7046,2695,754
Total Liabilities 46,97252,38158,91762,10962,13965,07764,11066,95877,22581,359

Fixed Assets

Gross Block20,40722,18024,46626,94931,68735,11635,57938,70743,10044,284
Accumulated Depreciation7,7246,3086,7918,0969,85112,26914,02616,04219,03521,072
Net Fixed Assets12,68215,87217,67518,85321,83722,84721,55322,66524,06523,211
CWIP 2,0392,1752,8012,4651,4111,2201,5671,2874,9735,354
Investments 2,7161,8301,1927,1437,90310,1439,61212,84914,82415,026
Inventories5,6686,4236,8336,8817,8867,8758,9978,92510,5139,868
Trade Receivables5,1066,7767,2037,8158,8849,4219,06110,48511,43911,249
Cash Equivalents 10,99813,18215,1419,9297,2766,4886,4465,0335,77010,521
Others Assets7,7626,1248,0739,0236,9437,0836,8745,7155,6406,130
Total Assets 46,97252,38158,91762,10962,13965,07764,11066,95877,22581,359

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5,6166,6867,0823,9072,1966,5556,1708,9854,95912,135
PBT 6,4036,5719,0483,4793,8105,0102,7994,4819,40811,088
Adjustment 7741,8575011,3821,9691,9931,8101,9752,7231,554
Changes in Working Capital 180247-409-212-269689925641559-56621062
Tax Paid -1,740-1,988-2,057-742-886-1,346-1,003969-1,510-1,569
Cash Flow From Investing Activity -2,866-4,372-4,222-3,371-681-2,589536-5,725-7,944-690
Capex -2,300-3,333-3,590-1,894-3,162-1,450-1,073-1,434-2,065-2,171
Net Investments -324-410-873-6771,752-1,7021,373-3,791-1,644932
Others -242-629242-800729563236-499-4,235548
Cash Flow From Financing Activity -1,187-1,889-2,285-1,539-2,731-5,715-5,980-5,1932,376-6,710
Net Proceeds from Shares 75921000000
Net Proceeds from Borrowing 0000000000
Interest Paid -350-301-334-477-461-272-144-73-132-219
Dividend Paid -310-724-243-813-1,326-1,399-1,586-2,159-2,520-2,901
Others -601-872-1,711-250-945-4,044-4,250-2,9615,028-3,590
Net Cash Flow 1,563426575-1,003-1,215-1,749726-1,934-6084,735
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)24.8919.3222.516.858.059.664.987.2116.4616.13
ROCE (%)25.0618.6421.488.48.6810.075.669.2817.2417.6
Asset Turnover Ratio0.740.570.570.850.910.930.951.030.610.61
PAT to CFO Conversion(x)1.021.180.91.520.681.572.72.640.581.26
Working Capital Days
Receivable Days48768154545655539185
Inventory Days58777749484850498177
Payable Days125203178227207153159149174194

Sun Pharmaceutical Industries Ltd Stock News

Sun Pharmaceutical Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sun Pharma Inds. on 07-Oct-2024 16:01 is ₹1,904.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Oct-2024 16:01 the market cap of Sun Pharma Inds. stood at ₹4,58,392.9.
The latest P/E ratio of Sun Pharma Inds. as of 07-Oct-2024 16:01 is 168.8.
The latest P/B ratio of Sun Pharma Inds. as of 07-Oct-2024 16:01 is 19.15.
The 52-week high of Sun Pharma Inds. is ₹1,960.2 and the 52-week low is ₹1,069.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sun Pharma Inds. is ₹19,870 ( Cr.) .

About Sun Pharmaceutical Industries Ltd

Sun Pharmaceutical Industries established in 1983 with five psychiatry products and a two person marketing team. Sun Pharma is the fifth largest specialty generic pharmaceutical company in the world. It provide high-quality, affordable medicines trusted by healthcare professionals and patients in many countries worldwide. Sun Pharma is also India’s largest and pharmaceutical company. Its global presence is supported by several manufacturing facilities across few continents. In the US market which contributes a significant share of its revenues, the company is the leader in the generic dermatology segment. It has strong capabilities in developing generic and complex products with a robust pipeline of many ANDAs, including high value First-to-File (FTF) opportunities. It has an established presence in Europe and key high-growth Emerging Markets (EM) like Russia, Romania, South Africa, Brazil and Malaysia. The company’s primary focus is to in-license generic and differentiated generic products that are close to commercialization or in advanced stage of development for North America, Western Europe and Japan markets.

The company is market leader in India and it is interested in partnerships for late stage and/or marketed opportunities complementary to its commercial footprint or expansion within its core areas of focus in India. These include CNS disorders, Cardiology, Diabetes and Metabolic disorders, Gastroenterology, Ophthalmology, Oncology, Pain, Rheumatology, Allergy, Asthma and Inflammation and Gynecology. Its focus is for NCEs, NBEs, NDDS based differentiated products, Biosimilars, Proprietary Technology Barrier Products which provide it the first mover advantage in India. The company’s leadership position in India allows it to offer significant value to innovator companies who want to partner with a dynamic and leading company, capable of successfully marketing its assets and willing to give the right priority to in-licensed or partnered projects.

Business area of the company

The company is among the largest specialty generic pharmaceutical company and India's top pharmaceutical company. A vertically integrated business and a skilled team enables it to deliver high-quality products, trusted by customers and patients in many countries across the world, at affordable prices.

Products

  • Formulations
  • Active Pharmaceutical Ingredients - Crams
  • OTC

Awards

  • 2005:  Dilip Shanghvi is named Entrepreneur of the Year (Healthcare and Life Science) Ernst & Young.
  • 2007: Dilip Shanghvi is recognised as First Generation Entrepreneur of the Year CNBC-TV18.
  • 2007: Dilip Shanghvi wins Pharmaceutical Companies IMC Juran Quality Medal IMC Ramkrishna Bajaj National Quality Award Trust.
  • 2008: Sun Pharma wins Outstanding Exporter of the Year: Pharmaceuticals, Healthcare and Lifesciences Award CNBC TV 18:The International Trade Awards.
  • 2008: Sun Pharma receives Business Leadership Award NDTV Profit.
  • 2008: Dilip Shanghvi is named CEO of the Year Business Standard.
  • 2008: Dilip Shanghvi is honoured with Entrepreneur of the Year Award The Economic Times.
  • 2009: Sudhir V. Valia is named Best CFO in Pharma and Healthcare CNBC-TV18 CFO Awards.
  • 2009: Sun Pharma receives Rolta Corporate Award: Pharmaceuticals Dun & Bradstreet.
  • 2010: Dilip Shanghvi receives Entrepreneur of the Year Award Ernst & Young.
  • 2010: Sun Pharma receives Business Leadership of the Year Award NDTV PROFIT.
  • 2011: Dilip Shanghvi is recognised as World Entrepreneur of the Year Ernst & Young.
  • 2011: Dilip Shanghvi is honoured with Businessman of the Year Award Business India.
  • 2011: Dilip Shanghvi is named Indian of the Year (Business) CNN IBN.
  • 2011: Sudhir V. Valia is named Best CFO in Pharma and Healthcare CNBC-TV18 CFO Awards.
  • 2011: Sun Pharma is hailed as the Pharmaceutical Company of the Year Frost & Sullivan India Healthcare Excellence Awards.
  • 2012: Sun Pharma is named Most Outstanding Company of the Year CNBC-TV18 India Business Leader Awards.
  • 2012: Sun Pharma is listed among The World’s 100 Most Innovative Companies Forbes.
  • 2012: Sun Pharma is listed in Asia's Fab 50 Companies Forbes.
  • 2012: Sun Pharma wins Business Leadership of the Year - Pharmaceutical Award NDTV Profit.
  • 2013: Uday Baldota receives Best CFO in Pharma and Healthcare Award CNBC TV-18 CFO Awards.
  • 2013: Sun Pharma is named Company of the Year The Economic Times.
  • 2013: Sun Pharma is named Company of the Year Business Standard.
  • 2013: Sun Pharma is listed among Asia's Fab 50 Companies Forbes.
  • 2014: Dilip Shanghvi receives Entrepreneur of the Year Award Forbes Magazine.
  • 2014: Sun Pharma receives Cardiovascular Pharmaceutical Company of the Year Award Frost & Sullivan India Healthcare Excellence Awards.
  • 2014: Dilip Shanghvi receives Business Leader of the Year Award The Economic Times.
  • 2014: Sun Pharma is listed among The World’s 100 Most Innovative Companies Forbes.
  • 2014: Dilip Shanghvi receives JRD TATA Corporate Leadership Award All India Management Association.
  • 2015: Dilip Shanghvi receives Business Leader of the Year Award NDTV.
  • 2015: Sun Pharma receives Excellence in CSR Award “India Pharma Awards - 2015” instituted by UBM-India.
  • 2015: Sun Pharma receives India Pharma Research & Development Award 2015 Ministry of Chemicals & Fertilizers, Government of India.
  • 2016: Sun Pharmaceutical Industries Inc. receives DIANA (Distribution Industry Award for Notable Achievements) Award Healthcare Distribution Alliance, USA.
  • 2016: Dilip Shanghvi receives Padma Shri Award Government of India.
  • 2016: Sun Pharma receives Community Care Award ASSOCHAM (Associated Chambers of Commerce).
  • 2017: Dilip Shanghvi receives Entrepreneur of the Year Award All India Management Association (AIMA).
  • 2018: Dilip Shanghvi receives Lifetime Outstanding Achievement Award Indore Management Association (IMA).
  • 2018: Sun Pharma receives Outstanding Contribution in CSR Federation of Gujarat Industries.
  • 2018: Sun Pharma receives Best CSR Practices The Economic Times (ET).

Milestones

Establishment & Growth

  • 1983: The Company established with five psychiatry products and a two person marketing team
  • 1994: The Company lunches IPO
  • 1996: The Company expands sales network across 24 countries.
  • 2007: The Company demerges Sun Pharma Advanced Research Company (SPARC) into a separate entity becoming the first pure research company to be listed on India Stock Exchanges.
  • 2013: Ranbaxy acquisition catapults Sun Pharma to world’s 5th largest specialty generic pharmaceutical company.

Acquisitions & Alliances

  • 1996: The Company acquires API plant from Knoll Pharma at Ahmednagar, Maharashtra, India.
  • 1997: The Company purchases equity stakes in TDPL and MJ Pharma.
  • 1997: The Company’s first international acquisition of Caraco Pharmaceutical Laboratories, USA.
  • 1999: The Company acquires Milmet Labs and Gujrat Lyka Organics, India.
  • 2000: The Company acquires Pradeep Drug Company, India.
  • 2004: The Company acquires Phlox Pharma (India) and niche brands from Women’s First Healthcare (US).
  • 2005: The Company completes buyout of manufatruing unit in Bryan, Ohio, US.
  • 2005: The Company acquires ICN’s business in Hungary from Valent Pharma.
  • 2005: The Company acquires intellectual property and assets of Able Labs from US District Bankruptcy court in New Jersey.
  • 2008: The Company acquires Chattem Chemicals Inc, US.
  • 2010: The Company acquires controlling stake in Israel-based Taro Pharmaceuticals, USA to effectively double company’s US businesses.
  • 2012: The Company completes two more acquisitions in USA; Dusa Pharmaceuticals and the generic business of URL Pharmaceuticals.
  • 2014: The Company acquires Ranbaxy in a $4 billion landmark transaction to create world’s fifth largest specialty generic pharma company.
  • 2014: The Company acquires pharmalucence in USA.
  • 2015: The Company acquires GSK’s Opiates business in Australia
  • 2015: The Company acquires Insite Vision Inc. to strighthen branded ophthalmic portfolio in USA.
  • 2016: Sun Pharma acquires 14 brands from Novartis in Japan
  • 2016: Sun Pharma acquires Ocular Technologies, Sarl to strengthen branded ophthalmic portfolio
  • 2016: Sun Pharma acquires branded oncology product Odomzo (sonidegib) from Novartis for global markets
  • 2016: Sun Pharma acquires Biosintez to enhance presence in Russian market

Research & Manufacturing

  • 1983:Sun Pharma sets up compact manufacturing facility for tablets and capsules at Vapi, Gujarat
  • 1991: Sun Pharma establishes first research centre to create a base for strong product and process development
  • 1991: Ranbaxy establishes state-of-the-art manufacturing facility for Cephalosporins at Mohali, Punjab, India
  • 1995: Sun Pharma begins production at API manufacturing plant in Panoli, Gujarat, India.
  • 1997: Sun Pharma establishes new research facility in Mumbai, India
  • 1998: Sun Pharma begins operations at a new formulation unit in Silvassa, Gujarat, India
  • 2001: Sun Pharma commences production at new formulations unit in Dadra, India
  • 2004: Sun Pharma sets up new formulation unit in Jammu, India
  • 2004: Sun Pharma commissions first joint venture manufacturing unit in Dhaka, Bangladesh
  • 2015: Sun Pharma enters into research collaboration with Weizmann Institute of Science, Israel & Health Research Institute of Santiago, Spain for brain therapies
  • 2016: International Centre for Genetic Engineering and Biotechnology (ICGEB) & Sun Pharma sign an exclusive agreement to develop novel botanical drug for treatment of Dengue
  • 2017: Sun Pharma & National Institute of Virology (NIV), India sign agreement to fight Zika, Chikungunya and Dengue

Products & Innovations

  • 1987: Sun Pharma begins sale of products across India
  • 1988: Sun Pharma launches Monotrate and Angizem, first cardiology products that are sold till today
  • 1989: Sun Pharma introduces gastroenterology products in India
  • 1998: Sun Pharma acquires a basket of products from Natco Pharma
  • 2014: Sun Pharma and Merck & Co. Inc. enter into licensing agreement for Tildrakizumab (MK-3222)
  • 2016: Sun Pharma launches Imatinib Mesylate in USA
  • 2016: Sun Pharma launches first branded ophthalmic product, BromSite in USA
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