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Sun Pharma Advanced Research Company Ltd (SPARC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532872 NSE: SPARC Business Support | Small Cap | Sun Pharma Adv. Res Share Price

₹212.90 4.75 (2.28%)

As on 04-Jun'26 16:59

Sun Pharma Advanced Research Company Ltd (SPARC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532872 NSE: SPARC Business Support | Small Cap | Sun Pharma Adv. Res Share Price

₹212.90 4.75 (2.28%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹6,909 Cr.
Current Price
₹212.9
52-Week Low / High
₹108 / 249
TTM EPS
₹47.8
TTM Sales
₹39.2 Cr.
Book Value per Share
₹41.1
P/E Ratio
4.45
Industry PE
23
Price to Book (P/B)
5.18
Higher than its 5-year historical median
Price to Sales (P/S)
176.48
Higher than its 5-year historical median
EV/EBITDA
4.64
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
-321.18%
Underperforms industry median
Return on Assets (ROA)
-84.65%
Operating Profit Margin
-453.6%
Net Profit Margin
-481.04%
Gross Profit Margin
-466%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-5%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
65.67%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,301 Cr.
Equity
₹32.5 Cr.
Face Value
₹1
All Time Low / High
₹38.44 / 593.93

Sun Pharma Advanced Research Company stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Sun Pharma Advanced Research Company Ltd a good quality company?
Sun Pharma Advanced Research Company Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sun Pharma Advanced Research Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sun Pharma Advanced Research Company Ltd vs industry peers?
Sun Pharma Advanced Research Company Ltd revenue CAGR is -1.35%, compared to the industry median CAGR of 0.35%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Sun Pharma Advanced Research Company Ltd?
Promoters hold 65.67% of the Sun Pharma Advanced Research Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sun Pharma Advanced Research Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -4.2% based on the current price.

10 Year X-Ray :

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 Pharma Advanced Research Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -71.4%-94.7%-113.1%-60%-179%-254.1%-225.6%-69.4%-112.9%-321.2%-
Value Creation
Index
-6.3-8.0-9.4-5.3NANANA-6.1-9.4NA-

Growth Parameters

Sales 16118178.318376.825313723975.671.839
Sales YoY Gr.-12.2%-56.8%133.7%-58%229.3%-45.7%74%-68.4%-5%-
Adj EPS -3-4.9-9.3-5.5-12-5.9-7.6-6.9-12-10.647.8
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 1.26.43.711.3-0.7-6.4-7.515.83.9-6.841.1
Adj Net
Profit
-69.8-120-234-144-314-154-207-223-389-3451,552
Cash Flow from Ops. -44.2-128-183-172-211-152-208-69.1-429-362-
Debt/CF from Ops. -1.3-0-0-0-0.3-1.5-0.4-0-0.1-0.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -8.6%-1.4%-19.4%-5%
Adj EPS NANANANA
BVPS-221.1%NANA-276.6%
Share Price -2.6% -1% 4.2% 31.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-106.1-126.7-136.6-60-226164.6301.5-81.8-121.9720279
Op. Profit
Mgn %
-39-67.7-310-79.1-397.7-53.4-135.5-88.7-530.7-453.64081.4
Net Profit
Mgn %
-43.3-66.5-299.2-78.9-408.3-60.8-150.5-93.2-514.5-480.43964.5
Debt to
Equity
1.9000-3.6-1.4-0.400.4-1.20
Working Cap
Days
1632106412545541753513391,1549183,212
Cash Conv.
Cycle
-130-170-113-272-254-119-60-85-79-126509

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales16118178183772531372397672
Operating Expenses + 224304321334387388324453479399
Manufacturing Costs3134372336214139186146121
Material Costs0000000000
Employee Cost 578410181939298107119109
Other Costs 1371851832302588287160214169
Operating Profit -63-123-243-151-310-135-187-214-404-327
Operating Profit Margin (%) -39.2%-67.8%-310.0%-82.7%-403.0%-53.4%-136.0%-89.6%-534.0%-456.0%
Other Income + 314514105711292
Exceptional Items 00490000000
Interest 220031113829
Depreciation 888891110121211
Profit Before Tax -70-119-197-145-312-151-203-223-388-345
Tax 0000000000
Profit After Tax -70-119-197-145-312-151-203-223-388-345
PAT Margin (%) -43.4%-65.8%-251.0%-79.5%-406.0%-59.8%-148.0%-93.2%-513.0%-481.0%
Adjusted EPS (₹)-3.0-4.8-7.9-5.6-11.9-5.8-7.5-6.9-12.0-10.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Sun Pharma Adv. Res - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3015893296-19-168-203513125-221
Share Capital 24252526262627323232
Reserves 613368270-45-194-23048092-253
Debt +55321661930047258
Long Term Debt32216113000100
Short Term Debt5200060800047158
Minority Interest0000000000
Trade Payables5894102831599172148150124
Others Liabilities 23211161866114411169165167
Total Liabilities 167277313398273230280830486329

Fixed Assets

Net Fixed Assets +70695258104919210610395
Gross Block107776780136123133146152153
Accumulated Depreciation3781523323241404957
CWIP 1132432526274454
Investments 010108211861229120
Inventories0000000000
Trade Receivables9391810161828331616
Cash Equivalents flag 1370110911121551
Others Assets 748713195112101121262167162
Total Assets 167277313398273230280830486329

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -44-128-183-172-211-152-208-69-429-362
PBT -70-119-246-145-312-151-203-223-388-345
Adjustment 9-14-22949177-1119
Changes in Working Capital 301320-0102-48-26141-26-47
Tax Paid -14-21-10-5-10-255-411
Cash Flow From Investing Activity + -13-7-105-1021552-29-548391158
Capex -12-8-18-13-54-1-25-15-26-10
Net Investments -0-9-88-932093-5-535395153
Others -1111300022215
Cash Flow From Financing Activity + 511942242745515922961743201
Net Proceeds from Shares 2250133367-00167000
Net Proceeds from Borrowing -1-10-10106-11300100
Interest Paid -2-3-0-0-2-8-14-8-2-8
Dividend Paid 0000000000
Others 51-5291-92576118962544109
Net Cash Flow -760-63009-8-14-4

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-109.16-127.4-156.84-74.72N/AN/AN/A-143.72-121.73N/A
ROCE (%)-71.37-94.66-113.05-59.95N/AN/AN/A-69.44-112.88N/A
Asset Turnover Ratio1.030.820.270.510.231.010.540.430.110.18
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days32.9048.50131.7027.7062.3024.3060.3046.20116.6080.30
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *2.782.782.782.780.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sun Pharma Advanced Research Company Ltd FAQs

The current trading price of Sun Pharma Adv. Res on 04-Jun-2026 16:59 is ₹212.9.

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 03-Jun-2026 the market cap of Sun Pharma Adv. Res stood at ₹6,909.1 Cr

The latest P/E ratio of Sun Pharma Adv. Res as of 03-Jun-2026 is 4.45.

The latest P/B ratio of Sun Pharma Adv. Res as of 03-Jun-2026 is 5.18.

The 52-week high of Sun Pharma Adv. Res is ₹248.7 and the 52-week low is ₹108.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sun Pharma Adv. Res is ₹39.15 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sun Pharma Advanced Research Company Ltd is a below average quality company.

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

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

About Sun Pharma Advanced Research Company Ltd

Sun Pharma Advanced Research Company (SPARC) is a clinical stage bio-pharmaceutical company focused on continuously improving standards of care for patients globally, through innovation in therapeutics and delivery. SPARC was formed in 2007 through a demerger from SUN PHARMA, a global leader in speciality generics. It strive to build an enduring innovation engine built on strong scientific execution, high value analytics and aggressive portfolio management. A robust mix of internal ideation and strategic partnering with academic innovators and bio-pharma entrepreneurs fuel engine with potentially high impact ideas.

The company partner with thought-leading clinicians across the world for ideas and access. Innovation through integration of partner knowledge and efficient internal execution shapes future. SPARC is a vibrant innovation community spread over three locations globally. It endeavour to develop a meritocracy which takes pride in continuous learning and re-invention. SPARC is a responsible public company committed to maintaining highest standards of ethics and transparency.

Business area of the company

The company is engaged in the pharmaceutical research and development. The company’s core focus is innovation and new product development for global markets. SPARC undertakes projects in research and technology for new chemical entities (NCE’s) or new molecules, and novel drug delivery systems (NDDS).

Products

  • Therapeutic Focus (Oncology, Neuro Degeneration, Ophthalmology, Dermatology)
  • Delivery Technologies (Gastro Retentive Innovative Device, Wrap Matrix, Abuse Deterrent Program, Nanotecton Technology, Dry Powder Inhalation, TearAct, Lipixelle, Gel Free Reservoir)
  • Research Programs (Taclantis, SCO - 088, SCD - 044, SCC - 138, SCO - 120)

Milestones

  • 2006: SPARC is founded in Vadodara, India
  • 2007: Innovative R&D business was demerged from Sun Pharmaceutical Industries Limited to focus on innovative drug research
  • 2007: Listed on Bombay Stock Exchange and National Stock Exchange of India
  • 2012: 1st NDA filed with USFDA for Elepsia XR
  • 2012: Raised Rs. 200 crore through Rights Issue
  • 2013: Filed NDA for Xelpros with USFDA
  • 2014: US rights for Xelpros licensed to a subsidiary of Sun Pharma
  • 2015: Entered into research collaboration in the field of Oncology with US University
  • 2015: Launched Bevetex (PICS) in India
  • 2016: Raised Rs. 250 crore through Rights Issue
  • 2017: Secured funding of up to Rs. 500 crore through Preferential Allotment of warrants convertible into equity shares
  • 2018: Entered into collaboration with Schrödinger to accelerate Neurodegeneration Drug Development Programs
  • 2018: Positive top line results reported for the pivotal bioequivalence study of Taclantis (Paclitaxel Injection Concentrate for Suspension)
  • 2018: US FDA approved Xelpros for the treatment of open-angle glaucoma or ocular hypertension
  • 2019: Entered into licensing agreement with Bioprojet SCR to acquire exclusive rights for Investigational Medicinal Product, SCD-044
  • 2019: Entered into a licensing deal with China Medical System Holdings Limited (CMS) to develop and commercialize multiple products in Mainland China, Hong Kong, Macao, and Taiwan
  • 2019: Orphan Drug Designation received from the US FDA for SPARCs neonatal seizures drug, Phenobarbital
  • 2019: Orphan Drug Designation received from the US FDA for SPARCs Chronic Myeloid Leukemia drug, SCO-088
  • 2019: NDA for Taclantis (Paclitaxel Injection Concentrate for Suspension) accepted by US FDA for review
  • 2019: Entered into collaboration with HitGen for Innovative Drug Discovery Research
  • 2020: Entered into a worldwide license agreement for SCD-044 with Sun Pharma
  • 2020: Entered into collaboration with the University of Michigan to kickstart research and development of potential new medications
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