Sun Pharma Advanced Research Company Ltd
NSE: SPARC BSE: 532872Pharma
Sun Pharma Advanced Research Company Ltd is engaged in the business of research and development (R&D) of pharmaceutical products.[1]
₹162
52W: ₹108 — ₹204
PE 0 · Book ₹10.8 · +1400% vs bookMarket Cap₹5,262 Cr
Stock P/E—Price to Earnings
ROCE298%Return on Capital
ROE0%Return on Equity
Div. Yield0%Face Value ₹1
Weaknesses
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -1.35% over past five years.
Shareholding Pattern
Promoters65.67%
FIIs2.04%
DIIs0.88%
Public31.41%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 65.68% | 65.68% | 65.68% | 65.68% | 65.67%▼0.0 | 65.67% | 65.67% | 65.67% |
| FIIs | 2.64% | 2.15%▼0.5 | 2.23%▲0.1 | 1.45%▼0.8 | 1.47%▲0.0 | 1.76%▲0.3 | 2.04%▲0.3 | 2.04% |
| DIIs | 0.17% | 0.21%▲0.0 | 0.64%▲0.4 | 1.13%▲0.5 | 0.97%▼0.2 | 1.05%▲0.1 | 0.78%▼0.3 | 0.88%▲0.1 |
| Public | 31.51% | 31.96%▲0.4 | 31.47%▼0.5 | 31.76%▲0.3 | 31.88%▲0.1 | 31.52%▼0.4 | 31.51%▼0.0 | 31.41%▼0.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 21 | 14 | 17 | 17 | 13 | 15 | 27 | 10 | 8 | 8 |
| Expenses | 113 | 116 | 124 | 112 | 117 | 89 | 81 | 62 | 74 | 65 |
| Operating Profit | -91 | -103 | -108 | -95 | -104 | -74 | -54 | -52 | -66 | -57 |
| OPM % | -432% | -740% | -649% | -566% | -808% | -499% | -198% | -543% | -838% | -673% |
| Net Profit | -86 | -100 | -107 | -97 | -108 | -80 | -61 | -52 | -76 | -81 |
| EPS ₹ | -2.66 | -3.07 | -3.29 | -2.98 | -3.32 | -2.46 | -1.88 | -1.6 | -2.34 | -2.48 |
AI Insights
Revenue Trend
TTM revenue at ₹53Cr, down 26.4% YoY. OPM at -431%.
Debt Position
Borrowings at ₹417Cr. Debt-to-equity ratio: N/Ax. High leverage — monitor closely.
Capex Cycle
CWIP at ₹1Cr (1% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0.88% (+0.25pp change). FIIs: 2.04% (-1.60pp change). Promoters hold 65.67%.
Margin & Efficiency
ROCE declining from 21% (Mar 2014) to -298% (Mar 2025). Working capital days: -1778.
Recent Announcements
- Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter And Financial Year Ended March 31, 2026 11 May - Board to approve audited FY26 standalone and consolidated results on May 18, 2026.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 30 Apr - SPARC to sell FDA priority review voucher for US$195 million, subject to closing conditions.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Submitted Regulation 74(5) confirmation certificate for quarter ended March 31, 2026.
- Announcement under Regulation 30 (LODR)-Change in Management 3 Apr - Dr. Shravanti Bhowmik resigned as Head of Operations Management effective March 31, 2026.
- Announcement under Regulation 30 (LODR)-Change in Management 27 Mar - Dr. Shravanti Bhowmik resigns effective March 31, 2026; Narendra Lakkad appointed Senior Management effective April 1, 2026 and Head – Corporate Development and Operations Management.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse