Dalal Street Investment Journal – July 20, 2019

98 DALAL STREET INVESTMENT JOURNAL I JULY 22 - AUG 4, 2019 DSIJ. in^

Financial Review For FY19

Pharma

Company Name

Market Cap

(` in Cr.)

Net Sales (` in Cr.) Operating Profit (Excluding OI) (` in Cr.) Net Income (` in Cr.)

FY19 FY18 FY17 FY19 FY18 FY17 FY19 FY18 FY17

I

ndia is considered as the largest provider of generic

drugs globally. Companies engaged in the Indian

pharmaceutical sector supply over 50 per cent of the

global demand for various vaccines, supporting 40 per

cent of generic demand in the US and 25 per cent of

other medicinal demand in the UK. This sector includes

companies conducting business operations related to

pharmaceuticals and drugs, hospital and healthcare services,

medical equipment and medical supplies. The Indian

pharmaceutical market grew by 10 per cent year-on-year in

February 2019. India’s pharmaceutical exports stood at US$

15.52 billion in FY19. The pharma exports include bulk drugs,

intermediates, drug formulations, biologicals, herbal products

and surgicals.

As part of the government initiatives for the sector, the

allocation to the Ministry of Health and Family Welfare in the

Union budget 2019-20 has increased by 13.1 per cent to

`61,398 crore .The Union Cabinet has approved the

amendment to the existing foreign direct investment (FDI)

policy in the pharmaceutical sector so as to allow FDI up to 100

per cent under the automatic route for manufacturing of

medical devices, subject to certain conditions. The Government

of India has also unveiled 'Pharma Vision 2020' which is aimed

at making India a global leader in end-to-end drug

manufacture. The approval time needed for functioning of new

Sun Pharmaceutical Industries 89999.05 29065.91 26489.46 31578.44 6307.59 5608.13 10089.27 3209.32 2567.94 7836.30
Cipla 44316.53 16362.41 15219.25 14630.24 3097.31 2826.38 2475.79 1509.61 1419.35 1042.41
Dr. Reddys Laboratories 43205.38 15448.20 14281.00 14196.10 3178.20 2351.20 2472.20 1906.20 912.40 1257.20
Divis Laboratories 42745.75 4946.26 3912.78 4106.26 1871.84 1261.71 1446.03 1352.74 877.01 1060.42
Piramal Enterprises 39641.06 13215.34 10639.35 8546.75 7094.60 5159.87 3499.14 1150.74 4840.19 1082.14
Aurobindo Pharma 34964.51 19563.55 16499.84 15089.86 3891.66 3771.76 3434.28 2361.80 2419.78 2296.18
Lupin 33292.58 16718.18 15804.15 17494.33 2882.22 3147.51 4493.14 611.73 254.83 2556.38
Biocon 28770.00 5514.40 4129.70 3921.60 1393.70 829.10 979.50 1001.70 431.80 671.80
Torrent Pharmaceuticals 25788.25 7673.00 5950.00 5857.00 1984.00 1349.00 1378.00 436.00 678.00 934.00
Cadila Healthcare 23418.11 13165.60 11954.40 9572.30 2973.10 2847.50 1904.40 1851.80 1766.40 1485.70
Alkem Laboratories 20767.24 7357.19 6401.17 5852.50 1114.77 1008.92 998.95 773.64 638.42 904.67
Glaxosmithkline Pharmaceuticals 20008.55 3128.12 2895.65 2999.99 600.79 505.81 418.99 445.39 350.72 336.82
Apollo Hospitals Enterprise 18182.27 9617.44 8243.47 7114.39 1063.66 793.18 728.59 199.19 59.33 88.73
Glenmark Pharmaceuticals 12169.91 9865.47 9103.07 9185.68 1585.80 1615.37 2036.70 924.99 803.87 1108.75
Ipca Laboratories 11981.34 3773.18 3283.57 3212.20 691.88 454.71 446.34 444.03 243.65 202.80
Alembic Pharmaceuticals 10023.39 3934.68 3130.81 3134.61 873.59 643.10 615.27 592.57 420.91 406.90
Fortis Healthcare 10018.29 4469.36 4560.81 4573.71 225.22 273.12 352.88 -588.12 -987.58 -6.79
Natco Pharma 9681.56 2094.50 2202.00 2065.00 794.80 928.40 683.40 642.40 695.20 484.90
Dr. Lal Pathlabs 8992.14 1203.40 1056.90 912.40 293.60 264.00 237.50 200.50 171.70 155.60