Financial Predictors Influencing the Ranking of Indian Pharmaceutical Companies 2016
International Journal of Accounting, Finance and Risk Management
Volume 1, Issue 1, November 2016, Pages: 39-45
Received: Sep. 10, 2016;
Accepted: Nov. 19, 2016;
Published: Dec. 20, 2016
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Harishankar Sahu, MBA Pharmaceutical Management, School of Pharmaceutical Management, The IIHMR University, Jaipur, India
Naresh Mali, MBA Pharmaceutical Management, School of Pharmaceutical Management, The IIHMR University, Jaipur, India
Vrinda Mathur, MBA Pharmaceutical Management, School of Pharmaceutical Management, The IIHMR University, Jaipur, India
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The Indian Pharma industry is on a robust growth path and is likely to be in the top 10 global markets in value term by 2020. Indian pharmaceutical sector accounts for about 2.4 percent of the global pharmaceutical industry in value terms and 10 percent in volume terms and it is expecting to expand at a Compound Annual Growth Rate of 15.92 per cent to US$ 55 billion by 2020. By 2016-17, India is expecting to be the third-largest global generic Active Pharmaceutical Ingredient merchant market. This study seeks to describe the status of Indian pharmaceutical companies, their position, ranking, financial status and forecasting of future opportunities based on the financial predictors i.e. Net sales, total share capital net profit, total assets, total income. The ranking of the top 10 companies’ changes drastically when they ranked based on total share capital and net profit. The financial stability of the companies can be described as they contribute more in market capitalization but are lagging behind in the ranking based on net profits and total share capital.
Financial Predictors, Ranking, Indian Pharmaceutical Company, Market Capital
To cite this article
Financial Predictors Influencing the Ranking of Indian Pharmaceutical Companies 2016, International Journal of Accounting, Finance and Risk Management.
Vol. 1, No. 1,
2016, pp. 39-45.
Copyright © 2016 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/
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