Sun Pharma Advanced Research Co. Ltd. (IN:SPARC)
:SPARC
Want to see IN:SPARC full AI Analyst Report?
Top Page
Sun Pharma Advanced Research Co. Ltd.
(SPARC)
Select Model
Select Model
Rating:60Neutral
Price Target:
₹189.00
▲(39.28% Upside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by weak financial quality—especially persistent negative operating and free cash flow despite the FY2026 reported earnings rebound—indicating elevated funding and earnings-quality risk. Offsetting this, technicals are strong with price above major moving averages and positive MACD, and valuation appears attractive based on the low P/E.
Positive Factors
Scalable out-licensing model
SPARC’s business model monetizes R&D via out-licensing, milestones and royalties, which is capital-efficient and scalable. Over months this structure can enable upside from successful candidates without proportionate capex, aligning cash needs with program de-risking and partner execution.
Negative Factors
Chronic negative cash flow
Persistent operating and free cash flow deficits, including large negative cash flows in FY2026, indicate the company burns cash despite reported accounting profits. This creates ongoing funding needs, heightens refinancing risk, and undermines earnings quality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Scalable out-licensing model
SPARC’s business model monetizes R&D via out-licensing, milestones and royalties, which is capital-efficient and scalable. Over months this structure can enable upside from successful candidates without proportionate capex, aligning cash needs with program de-risking and partner execution.
Read all positive factors
Sun Pharma Advanced Research Co. Ltd. (SPARC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹59.50B
Dividend YieldN/A
Average Volume (3M)24.00K
Price to Earnings (P/E)2.4
Beta (1Y)1.76
Revenue Growth2518.32%
EPS GrowthN/A
CountryIN
Employees409
SectorHealthcare
Sector Strength45
IndustryDrug Manufacturers - Specialty & Generic
Share Statistics
EPS (TTM)-8.23
Shares Outstanding324,521,580
10 Day Avg. Volume27,089
30 Day Avg. Volume24,005
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.78
Price to Sales (P/S)1.98
P/FCF Ratio-12.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sun Pharma Advanced Research Co. Ltd. Business Overview & Revenue Model
Company Description
Sun Pharma Advanced Research Company Limited, a biopharmaceutical company, engages in the research and development of pharmaceutical products in India and internationally. It develops new chemical and biological entities, and reformulated products...
How the Company Makes Money
SPARC primarily makes money through (1) out-licensing and partnering its drug candidates and technologies to other pharmaceutical companies and/or group entities for further development and commercialization, and (2) commercialization-related inco...
Sun Pharma Advanced Research Co. Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
54
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 596.00M | 18.79B | 717.70M | 755.45M | 2.39B | 1.37B |
| Gross Profit | -12.40M | 17.27B | 486.50M | -1.24B | 821.21M | 105.52M |
| EBITDA | -2.35B | 15.99B | -3.23B | -3.73B | -2.03B | -1.80B |
| Net Income | -2.67B | 15.53B | -3.43B | -3.87B | -2.23B | -2.03B |
Balance Sheet | ||||||
| Total Assets | 3.22B | 21.71B | 3.36B | 5.15B | 8.30B | 2.80B |
| Cash, Cash Equivalents and Short-Term Investments | 30.00M | 11.60M | 19.60M | 1.57B | 4.07B | 128.89M |
| Total Debt | 4.17B | 5.59B | 2.69B | 611.51M | 156.70M | 792.14M |
| Total Liabilities | 6.67B | 8.32B | 5.52B | 3.89B | 3.17B | 2.49B |
| Stockholders Equity | -3.45B | 13.39B | -2.17B | 1.26B | 5.13B | 312.26M |
Cash Flow | ||||||
| Free Cash Flow | -1.39B | -2.97B | -3.71B | -4.56B | -845.10M | -2.41B |
| Operating Cash Flow | -1.16B | -2.73B | -3.60B | -4.29B | -691.20M | -2.08B |
| Investing Cash Flow | -231.00M | -235.30M | 1.58B | 3.92B | -5.48B | -291.67M |
| Financing Cash Flow | 1.38B | 2.96B | 1.99B | 424.05M | 6.17B | 2.29B |
Sun Pharma Advanced Research Co. Ltd. Technical Analysis
Positive
135.70
Price Trends
140.77
Positive
136.63
Positive
137.76
Positive
Market Momentum
10.48
Negative
67.65
Neutral
73.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPARC, the sentiment is Positive. The current price of 135.7 is below the 20-day moving average (MA) of 159.38, below the 50-day MA of 140.77, and below the 200-day MA of 137.76, indicating a bullish trend. The MACD of 10.48 indicates Negative momentum. The RSI at 67.65 is Neutral, neither overbought nor oversold. The STOCH value of 73.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SPARC.
Sun Pharma Advanced Research Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹213.32B | 42.39 | ― | 0.08% | 36.98% | 39.94% | |
64 Neutral | ₹160.83B | 64.28 | ― | ― | 89.43% | -55.47% | |
62 Neutral | ₹161.38B | 76.03 | ― | 0.46% | 12.09% | -31.01% | |
60 Neutral | ₹59.50B | 2.40 | ― | ― | 2518.32% | ― | |
60 Neutral | ₹234.48B | -487.64 | ― | 0.08% | -3.08% | -458.85% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
48 Neutral | ₹70.90B | -10.86 | ― | ― | 6.89% | -67.45% |
* Healthcare Sector Average
IN:SPARC
Sun Pharma Advanced Research Co. Ltd.
180.45
17.05
10.43%
IN:JUBLPHARMA
Jubilant Pharmova Limited
1,011.25
-57.78
-5.40%
IN:NEULANDLAB
Neuland Laboratories Ltd.
16,677.65
5,522.74
49.51%
IN:PPLPHARMA
Piramal Pharma Limited
175.90
-29.42
-14.33%
IN:SUVEN
Suven Life Sciences Limited
268.40
60.85
29.32%
IN:COHANCE
Suven Pharmaceuticals Ltd.
420.50
-663.10
-61.19%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.