Pharma’s secret cash machines: Over 80% ROCE, near zero debt, sector beating dividends
- Posted on June 12, 2026
- By Financial Express
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- 1 min read
Pharma’s secret cash machines: Over 80% ROCE, near zero debt, sector beating dividends
Two MNC pharma companies earn more than Rs 80 in operating profit on every Rs 100 of capital they put to work. Both pay dividends well above the sector average, and both run with almost no debt. One sells the vitamins, which probably are sitting in your medicine cabinet. The other owns Allegra and Combiflam. Are these quiet cash machines worth a closer look?
