RUBICON RESEARCH LIMITED RUBICON NSEPHARMA
Company Overview
Rubicon Research Limited operates as a specialty pharmaceutical company in India, the United States, and internationally. Its primary proprietary technologies for drug delivery comprising RubiSRL for the formulation of sustained release liquids using a combination of ion exchange and membrane diffusion controlled-release technologies; and RubiReten, a gastro-retentive system for drugs with poor solubility and a limited window of absorption. The company develops products in the areas of analgesics/pain management, hypokalemia, gastrointestinal, cardiovascular, skeletal muscle relaxants, metabolic, central nervous system, nicotine replacement therapy, and immunosuppressant. The company was incorporated in 1999 and is based in Mumbai, India.
Why Investors Should Care
Generates a return on equity of 19.1%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 24.3%.
Net profit has compounded at 38.2% per year over the last five years.
Revenue has grown at a 36.6% CAGR over the past five years.
Operating margin of 20.2% supports profitability.
Carries low leverage with a debt-to-equity ratio of 0.24.
Recent Developments
- Mar 2026 Revenue of ₹1,753.96 Cr (+36.6% YoY); net profit ₹246.74 Cr.
- Trailing 12 Months Year-on-year growth — revenue +36.6%, earnings +171.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 36.6%, profit CAGR 38.2%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 36.57% |
| 1 Year: | 36.57% |
Compounded Profit Growth
| 5 Years: | 38.17% |
| 1 Year: | 171.14% |
Stock Price Performance
| 1 Year: | +133.30% |
| 6 Months: | +111.52% |
| 3 Months: | +78.45% |
| 1 Month: | +9.02% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- RSI (14)69.20 · Neutral
P/E of 95.73 is above the sector median of 39.97 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Healthy ROCE of 24.3%.
- Compounding revenue at 36.6% over 5 years.
- Profit CAGR of 38.2% over 5 years.
CONS
- Trading at a high P/E of 95.7.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | RUBICON RUBICON RESEARCH LIMITED NSEPHARMA | 1,465.60 | 95.73 | ₹24,145.81 Cr | 0.00% | 24.33% | 19.14% | 36.57% | 38.17% |
| 2 | SUNPHARMA Sun Pharmaceutical Industries Limited NIFTY50NSEAIPHARMA | 1,948.80 | 40.77 | ₹4.68 L Cr | 0.83% | 17.94% | 13.74% | 10.39% | 10.65% |
| 3 | DIVISLAB Divi's Laboratories Limited NSEPHARMA | 7,315.50 | 75.61 | ₹1.94 L Cr | 0.44% | 18.96% | 15.32% | 11.27% | 12.08% |
| 4 | TORNTPHARM Torrent Pharmaceuticals Limited NSEPHARMA | 4,952.20 | 87.70 | ₹1.68 L Cr | 0.78% | 9.05% | 25.79% | 13.27% | 20.22% |
| 5 | APOLLOHOSP Apollo Hospitals Enterprise Limited NIFTY50NSEAIPHARMA | 8,981.00 | 66.51 | ₹1.29 L Cr | 0.23% | 19.79% | 20.48% | 15.33% | 33.34% |
| 6 | CIPLA Cipla Limited NIFTY50NSEAIPHARMA | 1,440.10 | 22.07 | ₹1.16 L Cr | 0.90% | 14.86% | 11.27% | 7.23% | 11.45% |
| 7 | ZYDUSLIFE Zydus Lifesciences Limited NSEPHARMA | 1,137.40 | 22.71 | ₹1.14 L Cr | 0.09% | 19.04% | 18.59% | 16.55% | 36.99% |
| 8 | LUPIN Lupin Limited NIFTY_MIDNSEPHARMA | 2,494.30 | 21.42 | ₹1.14 L Cr | 0.72% | 28.42% | 23.76% | 19.10% | 131.46% |
| 9 | MAXHEALTH Max Healthcare Institute Limited NSEAIPHARMA | 1,099.00 | 99.82 | ₹1.07 L Cr | 0.18% | 12.57% | 13.42% | 22.37% | 9.34% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 296.00 Cr | 313.40 Cr | 358.15 Cr | 352.00 Cr | 412.00 Cr | 475.53 Cr | 513.91 Cr |
| Cost of Revenue | - | 98.84 Cr | 111.59 Cr | - | - | 157.26 Cr | 169.31 Cr |
| Gross Profit | - | 214.56 Cr | 246.55 Cr | - | - | 318.27 Cr | 344.61 Cr |
| Operating Expenses | 234.00 Cr | 154.08 Cr | 183.74 Cr | 273.00 Cr | 318.00 Cr | 221.70 Cr | 238.17 Cr |
| Operating Income | 54.00 Cr | 60.48 Cr | 62.81 Cr | 69.00 Cr | 82.00 Cr | 96.57 Cr | 106.44 Cr |
| EBITDA | 62.00 Cr | 70.39 Cr | 72.57 Cr | 79.00 Cr | 94.00 Cr | 111.91 Cr | 121.31 Cr |
| Interest Expense | 7.00 Cr | 7.82 Cr | 11.85 Cr | 11.00 Cr | 11.00 Cr | 9.77 Cr | 10.36 Cr |
| Pretax Income | 49.00 Cr | 53.15 Cr | 51.06 Cr | 60.00 Cr | 72.00 Cr | 90.59 Cr | 98.69 Cr |
| Tax Provision | 14.70 Cr | 15.08 Cr | 14.81 Cr | 16.20 Cr | 18.00 Cr | 17.79 Cr | 21.90 Cr |
| Net Income | 34.00 Cr | 38.07 Cr | 36.24 Cr | 43.00 Cr | 54.00 Cr | 72.80 Cr | 76.78 Cr |
| Diluted EPS | 2.27 | 2.31 | 2.20 | 2.81 | 3.49 | 4.41 | 4.60 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 263.00 Cr | 315.00 Cr | 314.00 Cr | 394.00 Cr | 854.00 Cr | 1,284.27 Cr | 1,753.96 Cr |
| Cost of Revenue | - | - | - | - | - | 375.39 Cr | 556.05 Cr |
| Gross Profit | - | - | - | - | - | 908.88 Cr | 1,197.90 Cr |
| Operating Expenses | 182.00 Cr | 223.00 Cr | 353.00 Cr | 375.00 Cr | 699.00 Cr | 681.21 Cr | 842.93 Cr |
| Operating Income | 63.00 Cr | 63.00 Cr | -73.00 Cr | -18.00 Cr | 116.00 Cr | 227.67 Cr | 354.98 Cr |
| EBITDA | 81.00 Cr | 92.00 Cr | -39.00 Cr | 18.00 Cr | 155.00 Cr | 267.89 Cr | 407.96 Cr |
| Interest Expense | 6.00 Cr | 9.00 Cr | 10.00 Cr | 19.00 Cr | 31.00 Cr | 36.78 Cr | 42.17 Cr |
| Pretax Income | 74.00 Cr | 63.00 Cr | -66.00 Cr | -11.00 Cr | 103.00 Cr | - | 320.53 Cr |
| Tax Provision | 24.42 Cr | 32.13 Cr | -1.32 Cr | -5.83 Cr | 12.36 Cr | - | 73.80 Cr |
| Net Income | 49.00 Cr | 31.00 Cr | -67.00 Cr | -17.00 Cr | 91.00 Cr | - | 246.74 Cr |
| Diluted EPS | 97.46 | 60.53 | -132.39 | -33.31 | 5.98 | - | 15.31 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Total Assets | 430.00 Cr | 538.00 Cr | 560.00 Cr | 750.00 Cr | 1,109.00 Cr | 1,451.00 Cr | 2,326.71 Cr |
| Current Assets | - | - | - | - | - | - | 1,681.81 Cr |
| Cash & Equivalents | - | - | - | - | - | - | 185.65 Cr |
| Inventory | - | - | - | - | - | - | 728.99 Cr |
| Receivables | - | - | - | - | - | - | 508.71 Cr |
| Total Liabilities | - | - | - | - | - | - | 1,037.89 Cr |
| Current Liabilities | - | - | - | - | - | - | 835.87 Cr |
| Long Term Debt | - | - | - | - | - | - | 143.02 Cr |
| Total Debt | 30.00 Cr | 93.00 Cr | 175.00 Cr | 320.00 Cr | 425.00 Cr | 418.00 Cr | 311.01 Cr |
| Total Equity | 340.00 Cr | 374.00 Cr | 305.00 Cr | 286.00 Cr | 385.00 Cr | 541.00 Cr | 1,288.82 Cr |
| Shares Outstanding | - | - | - | - | - | - | 16.48 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 5.00 Cr | 62.00 Cr | -63.00 Cr | -75.00 Cr | 21.00 Cr | - | 205.05 Cr |
| Investing Cash Flow | -84.00 Cr | -46.00 Cr | -46.00 Cr | -32.00 Cr | -68.00 Cr | - | -409.72 Cr |
| Financing Cash Flow | 80.00 Cr | 52.00 Cr | 63.00 Cr | 123.00 Cr | 44.00 Cr | - | 283.07 Cr |
| Capital Expenditure | -59.00 Cr | -72.00 Cr | -54.00 Cr | -44.00 Cr | -56.00 Cr | - | -229.17 Cr |
| Free Cash Flow | -54.00 Cr | -10.00 Cr | -117.00 Cr | -119.00 Cr | -35.00 Cr | - | -24.12 Cr |
| Net Change in Cash | 1.00 Cr | 67.00 Cr | -45.00 Cr | 16.00 Cr | -4.00 Cr | - | 78.39 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | 70.8% | 68.3% |
| Operating Margin % | 24.0% | 20.0% | -23.2% | -4.6% | 13.6% | 17.7% | 20.2% |
| Net Margin % | 18.6% | 9.8% | -21.3% | -4.3% | 10.7% | - | 14.1% |
| ROE % | 14.4% | 8.3% | -22.0% | -5.9% | 23.6% | - | 19.1% |
| ROCE % | - | - | - | - | - | - | 23.8% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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RUBICON — Frequently Asked Questions
What is the current share price of RUBICON RESEARCH LIMITED (RUBICON)?
As of 2026-07-15 09:52 IST, RUBICON RESEARCH LIMITED (RUBICON) trades at ₹1,465.60 on NSE. Its 52-week range is ₹577.25 to ₹1,465.60.
What is the market capitalisation of RUBICON?
RUBICON RESEARCH LIMITED (RUBICON) has a market capitalisation of ₹24,145.81 Cr on NSE.
What is the P/E ratio of RUBICON?
RUBICON trades at a trailing price-to-earnings (P/E) ratio of 95.73. The industry average P/E is 39.97. Its price-to-book (P/B) ratio is 18.39.
What is the return on equity (ROE) of RUBICON?
RUBICON has a return on equity (ROE) of 19.14%. Its return on capital employed (ROCE) is 24.33%.
Is RUBICON a good stock to buy?
This page provides a data-driven analysis of RUBICON RESEARCH LIMITED (RUBICON), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.