ANIP vs RDY vs ELTP Stock Comparison

Ani Pharmaceuticals, Dr Reddys Laboratories and Elite Pharmaceuticals Prices as of Oct 23, 2026 Peers: Industry group

Head to Head

11 decided of 12

Elite Pharmaceuticals leads on 7 of the 12 questions below (Elite Pharmaceuticals 7, Dr Reddys Laboratories 3, Ani Pharmaceuticals 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionANIPRDYELTPLeader
Larger companyMarket capitalisation $1.54B $11.44B $255.41M RDY
Cheaper on earningsLower P/E, profitable companies only 14.2x 31.5x 4.5x ELTP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 7.4x 28.7x — ANIP
Faster revenue growthRevenue growth, trailing twelve months +30.9% -10.5% +33.7% ELTP
More profitableNet margin, trailing twelve months 11.0% 10.2% 40.2% ELTP
Better return on capitalReturn on invested capital 12.9% 5.6% 29.2% ELTP
Less leveragedLower net debt / EBITDA -0.2x 1.2x -1.0x ELTP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -23.5% -9.8% -59.0% RDY
Better 5-year returnAnnualised price return, 5 years +14.5%/yr +1.5%/yr +44.3%/yr ELTP
Less volatileAnnualised volatility, 1 year 32.0% 27.2% 57.4% RDY
Higher overall scoreMean of the five percentile scores vs peers 84/100 58/100 88/100 ELTP

Percentile Scorecard

ANIPRDYELTP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisANIPRDYELTP
Valuation 97 #23 of 624 91 #56 of 624 98 #16 of 624
Growth 97 #17 of 603 10 #545 of 603 91 #53 of 603
Profitability 90 #55 of 555 83 #94 of 555 91 #50 of 555
Financial Health 45 #362 of 657 43 #372 of 657 76 #157 of 657
Shareholder Returns 91 #33 of 370 63 #138 of 370 86 #54 of 370
Overall 84 58 88
  • ANIP ranked among 671 companies in Pharmaceuticals and Biotechnology
  • RDY ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ELTP ranked among 671 companies in Pharmaceuticals and Biotechnology

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodANIPRDYELTPSPY
1 month -2.4%+6.4%0.0% -1.0%
3 months -6.5%+11.7%-35.9% +2.9%
6 months -7.7%-3.5%-30.6% +6.4%
Year to date -8.0%-6.1%-49.0% +11.4%
1 year -23.5%-9.8%-59.0% +13.1%
3 years +25.0%-1.2%+78.6% +79.4%
3 years, per year +7.7%-0.4%+21.3% +21.5%
5 years +97.0%+7.6%+525.0% +67.7%
5 years, per year +14.5%+1.5%+44.3% +10.9%
10 years +9.5%+41.7%+56.3% +255.2%
10 years, per year +0.9%+3.5%+4.6% +13.5%

Risk

MeasureANIPRDYELTPSPY
Volatility, 1Y 32.0%27.2%57.4% 12.7%
Downside volatility, 1Y 31.6%30.2%71.3% 12.7%
Beta vs S&P 500, 1Y 0.250.250.71 1.00
Return / volatility, 1Y -0.73-0.36-1.03 1.03
Max drawdown, 5Y -59.4%-32.3%-71.4% -25.4%
From 52-week high -23.5%-14.2%-63.2% -2.5%
52-week high $94.90$15.38$0.68 $779.14
52-week low $70.16$11.40$0.22 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleANIPRDYELTP
P/E now vs peer median 14.2xmedian 17.2x 30.2xmedian 17.2x 4.8xmedian 17.2x
P/S now vs peer median 1.8xmedian 8.8x 3.1xmedian 8.8x 1.9xmedian 8.8x
EV/EBITDA now vs peer median 7.0xmedian 16.0x 22.0xmedian 16.0x 6.4xmedian 16.0x
P/FCF now vs peer median 10.0xmedian 17.8x 788.8xmedian 17.8x 15.4xmedian 17.8x
P/B now vs peer median 2.9xmedian 2.1x 2.7xmedian 2.1x 2.6xmedian 2.1x
PEG now vs peer median 0.10median 0.32 -1.42median 0.32 0.04median 0.32

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsANIPRDYELTP
Revenue $978.38M $3.56B $141.01M
Gross profit $590.98M $1.76B $61.31M
Operating income $150.36M $347.04M $34.94M
Net income $108.31M $299.19M $56.67M
Free cash flow $172.99M $13.96M $17.53M
R&D $49.91M $244.48M $6.10M
EPS (diluted) $4.93 $0.44 $0.05
Cash & equivalents $360.21M $138.41M $39.42M
Total debt $301.48M $3.18B $9.58M
Shares (diluted) 21.92M 833.33M 1.13B
Enterprise value $316.49M $10.78B $137.08M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricANIPRDYELTP
P/E 14.2x 30.2x 4.8x
P/FCF 10.0x 788.8x 15.4x
P/Operating cash flow 9.1x 32.4x 14.1x
P/S 1.8x 3.1x 1.9x
P/B 2.9x 2.7x 2.6x
P/Tangible book 11.8x 3.7x 2.7x
EV/EBITDA 7.0x 22.0x 6.4x
EV/EBIT 11.1x 33.5x 6.6x
EV/Revenue 1.7x 3.3x 1.6x
EV/FCF 9.7x 832.8x 13.3x
EV/Operating cash flow 8.8x 34.2x 12.2x
PEG (3Y EPS CAGR) 0.10 -1.42 0.04

Growth

14 metrics
MetricANIPRDYELTP
Revenue growth (1Y) 30.9% -10.5% 33.7%
Revenue CAGR (3Y) 34.6% 3.2% 58.4%
Gross profit growth (1Y) 29.5% -21.5% 4.2%
Gross profit CAGR (3Y) 32.8% -2.3% 53.5%
Operating income growth (1Y) 889.9% -58.2% -6.7%
Operating income CAGR (3Y) 98.9% -24.1% 101.7%
Net income growth (1Y) 1,161% -55.9% 624.0%
Net income CAGR (3Y) 184.4% -21.5% 134.4%
EPS growth (1Y) 945.2% -54.1% 596.0%
EPS CAGR (3Y) 146.4% -21.3% 118.3%
Operating cash flow growth (1Y) 36.2% -39.6% -0.2%
Operating cash flow CAGR (3Y) 66.2% -27.1% 152.2%
Free cash flow growth (1Y) 37.9% -98.4% -2.8%
Free cash flow CAGR (3Y) 77.7% -73.6% 81.0%

Profitability

14 metrics
MetricANIPRDYELTP
Gross margin 60.4% 49.5% 43.5%
EBITDA margin 24.3% 14.9% 25.9%
Operating margin 15.4% 9.7% 24.8%
Pretax margin 14.6% 10.7% 46.2%
Net margin 11.0% 10.2% 40.2%
FCF margin 17.7% 0.4% 12.4%
Operating cash flow margin 19.4% 9.5% 13.5%
Return on equity 18.7% 7.4% 55.6%
Return on assets 7.4% 5.0% 40.8%
Return on invested capital 12.9% 5.6% 29.2%
Return on capital employed 12.8% 7.9% 32.2%
Asset turnover 0.7x 0.6x 1.0x
Cash conversion (OCF / net income) 1.7x 1.1x 0.3x
Stock comp / revenue 4.2% 0.1% 0.1%

Financial Health

11 metrics
MetricANIPRDYELTP
Debt / assets 20.2% 12.6% 1.7%
Debt / equity 0.5x 0.2x 0.0x
Net debt / EBITDA -0.2x 1.2x -1.0x
Debt / FCF 1.7x 53.9x 0.1x
Liabilities / assets 60.0% 32.2% 24.9%
Equity / assets 40.0% 67.8% 75.1%
Interest coverage – 7.2x 69.4x
Current ratio 2.9x 1.9x 3.8x
Quick ratio 2.2x 0.7x 3.0x
Cash ratio 1.3x 0.1x 1.3x
Altman Z-score 2.61 5.39 6.49

Shareholder Returns

7 metrics
MetricANIPRDYELTP
Dividend yield – 0.6% –
Net buyback yield 0.6% -0.1% -0.1%
Shareholder yield 0.6% 0.5% -0.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusANIPRDYELTP
Forward P/E 7.4xFY2026 28.7xFY2026 –
EPS, next fiscal year $9.81FY2026 $0.46FY2026 –
EPS growth, next FY +24.3%FY2026 -14.8%FY2026 –
EPS growth, the year after -1.9% +21.7% –
Revenue, next fiscal year $1.15BFY2026 $3.79BFY2026 –
Revenue growth, next FY +29.9%FY2026 +7.9%FY2026 –
Revenue growth, the year after +9.7% +3.3% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersANIPRDYELTP
Held by institutions 96.0% 15.1% 0.0%
Institutions holding 306 238 1
Change in shares held, QoQ -1.8% +4.3% –
Institutions buying 172 107 1
Institutions selling 88 97 0
Buyers to sellers 1.95 1.10 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ANIPRDYELTP
ANIP 1.00 0.19 -0.08
RDY 0.19 1.00 0.02
ELTP -0.08 0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ANIP, RDY and ELTP?

Dr Reddys Laboratories (RDY) is the largest by market capitalisation: Ani Pharmaceuticals (ANIP) $1.54B, Dr Reddys Laboratories (RDY) $11.44B, Elite Pharmaceuticals (ELTP) $255.41M.

Which stock is cheaper, ANIP, RDY and ELTP?

Elite Pharmaceuticals (ELTP) trades on the lowest price-to-earnings ratio (Ani Pharmaceuticals (ANIP) 14.2x, Dr Reddys Laboratories (RDY) 31.5x, Elite Pharmaceuticals (ELTP) 4.5x). On next year's consensus earnings, Ani Pharmaceuticals (ANIP) is cheapest (Ani Pharmaceuticals (ANIP) 7.4x, Dr Reddys Laboratories (RDY) 28.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Elite Pharmaceuticals (ELTP) grew revenue fastest over the trailing twelve months: Ani Pharmaceuticals (ANIP) +30.9%, Dr Reddys Laboratories (RDY) -10.5%, Elite Pharmaceuticals (ELTP) +33.7%.

Which company is more profitable?

Elite Pharmaceuticals (ELTP) has the highest net margin (Ani Pharmaceuticals (ANIP) 11.0%, Dr Reddys Laboratories (RDY) 10.2%, Elite Pharmaceuticals (ELTP) 40.2%). On return on invested capital, Elite Pharmaceuticals (ELTP) leads (Ani Pharmaceuticals (ANIP) 12.9%, Dr Reddys Laboratories (RDY) 5.6%, Elite Pharmaceuticals (ELTP) 29.2%).

Which stock has performed better?

Over the past year Dr Reddys Laboratories (RDY) returned the most: Ani Pharmaceuticals (ANIP) -23.5%, Dr Reddys Laboratories (RDY) -9.8%, Elite Pharmaceuticals (ELTP) -59.0%. Over five years, Elite Pharmaceuticals (ELTP) compounded fastest (Ani Pharmaceuticals (ANIP) +14.5%/yr, Dr Reddys Laboratories (RDY) +1.5%/yr, Elite Pharmaceuticals (ELTP) +44.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Dr Reddys Laboratories (RDY) has been the steadiest (Ani Pharmaceuticals (ANIP) 32.0%, Dr Reddys Laboratories (RDY) 27.2%, Elite Pharmaceuticals (ELTP) 57.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ANIP, RDY and ELTP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Elite Pharmaceuticals (ELTP) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.