The Indian pharmaceutical industry has always played a pivotal role in the global healthcare industry. While India has always been known for its generic medicines and it is the largest producer and supplier of the same globally, now it also has a significant hold in other aspects of the pharma sector , such as Active Pharmaceutical Ingredients (APIs). In this space, India holds a market share of around 8% globally, both in terms of value of volume. (Source: IBEF)

The pharma companies that have delivered exceptional returns over the last five years are all into the manufacturing of APIs. Now that’s interesting, isn’t it?

We have shortlisted the top three pharma companies that delivered the highest 5-year average Return on capital employed (ROCE). At the top of the list is a company th

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