Independent · Beginner-Friendly · Data-Driven

Indian Pharma — Head-to-Head

Metric guide →

Revenue

Total consolidated revenue in crore rupees. Reflects overall business scale and growth trajectory.

  • Sun Pharma
  • Cipla
  • Divi's Labs
  • Aurobindo
  • Lupin
  • Natco Pharma

EBITDA Margin

Operating profit as a percentage of revenue. Higher margins signal pricing power and competitive moats.

  • Sun Pharma
  • Cipla
  • Divi's Labs
  • Aurobindo
  • Lupin
  • Natco Pharma

R&D Spend (% Revenue)

Research and development spend as a percentage of revenue. Higher spend on specialty/novel drugs signals future growth investment.

  • Sun Pharma
  • Cipla
  • Divi's Labs
  • Aurobindo
  • Lupin
  • Natco Pharma

ROCE

Return on Capital Employed: operating profit as a percentage of total capital. The purest measure of business efficiency.

  • Sun Pharma
  • Cipla
  • Divi's Labs
  • Aurobindo
  • Lupin
  • Natco Pharma

ROE

Return on Equity: net profit as a percentage of shareholders' equity. Shows earnings generated on shareholder capital.

  • Sun Pharma
  • Cipla
  • Divi's Labs
  • Aurobindo
  • Lupin
  • Natco Pharma

Net Debt / EBITDA

Net debt as a multiple of annual operating profit. Below 1x is comfortable; above 2x warrants scrutiny.

  • Sun Pharma
  • Cipla
  • Divi's Labs
  • Aurobindo
  • Lupin
  • Natco Pharma
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