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API Sector In India No Longer ‘Poor Cousin’ Of Formulations

 
• By Anju Ghangurde

The active pharmaceuticals ingredients segment in India appears to be coming into its own, alongside signs of a revival in the overall sales growth of Indian generic firms in FY2019, a study by an Indian investment banking and consulting services firm has indicated.

Brother-sister
THE API SECTOR HAS EMERGED AS AN OUTPERFORMER IN INDIA

The Indian active pharmaceuticals ingredients (API) segment has traditionally been overshadowed by the more recognized formulations sector, but a generally buoyant earnings profile could mean that the API space is no longer an also-ran. The China API supply squeeze could potentially mean additional growth opportunities for Indian API firms.(Also see "China API Alert, Indian Firms Brace For More Pain" - Scrip, 3 July, 2018.)

Details in a study by the investment banking and consulting services firm, Candle Partners, said that the Indian API universe continues to fare well with EBITDA [earnings before interest, tax,...

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