Table 1 Operating ratios of top five... | Emerald Publishing

Table 1

Operating ratios of top five Indian pharmaceutical companies (2014–2018)

Operating ratios	March 2018	March 2017	March 2016	March 2015	March 2014
Debt-equity ratio
Sun Pharma	0.34	0.23	0.26	0.24	0.33
Cipla	0.01	0.03	0.09	0.12	0.09
Lupin	–	0.04	0.03	–	0.02
Dr Reddy	0.22	0.20	0.27	0.29	0.29
Aurobindo	0.37	0.34	0.55	0.54	0.70
Interest coverage ratio
Sun Pharma	4.17	0.92	−0.88	−1.83	5.05
Cipla	168.14	31.28	12.86	12.32	15.22
Lupin	54.97	143.05	160.44	656.45	150.55
Dr Reddy	12.10	28.00	31.34	33.29	32.35
Aurobindo	45.30	49.24	10.47	15.68	6.26
Asset turnover ratio
Sun Pharma	0.30	0.29	0.28	0.42	0.32
Cipla	0.83	0.82	0.95	0.86	0.90
Lupin	0.65	0.91	1.05	1.21	1.43
Dr Reddy	0.66	0.68	0.72	0.78	0.91
Aurobindo	0.82	0.88	0.97	1.07	–

Operating ratios	March2018	March2017	March2016	March2015	March2014
Debt-equity ratio
Sun Pharma	0.34	0.23	0.26	0.24	0.33
Cipla	0.01	0.03	0.09	0.12	0.09
Lupin	–	0.04	0.03	–	0.02
Dr Reddy	0.22	0.20	0.27	0.29	0.29
Aurobindo	0.37	0.34	0.55	0.54	0.70
Interest coverage ratio
Sun Pharma	4.17	0.92	−0.88	−1.83	5.05
Cipla	168.14	31.28	12.86	12.32	15.22
Lupin	54.97	143.05	160.44	656.45	150.55
Dr Reddy	12.10	28.00	31.34	33.29	32.35
Aurobindo	45.30	49.24	10.47	15.68	6.26
Asset turnover ratio
Sun Pharma	0.30	0.29	0.28	0.42	0.32
Cipla	0.83	0.82	0.95	0.86	0.90
Lupin	0.65	0.91	1.05	1.21	1.43
Dr Reddy	0.66	0.68	0.72	0.78	0.91
Aurobindo	0.82	0.88	0.97	1.07	–

Source(s): Calculations on data from MoneyControl.com and corporate websites