About Rubicon Research Limited
Incorporated in 1999, Rubicon Research Limited is a pharmaceutical company engaged in developing, manufacturing, and commercializing differentiated formulations. The company focuses on innovative drug delivery solutions and operates across both regulated and emerging markets.
As of June 30, 2025, Rubicon Research had a robust portfolio of 72 active ANDA and NDA products approved by the US FDA, with 66 commercialized products contributing to a US generic pharmaceutical market size of USD 2,455.7 million, out of which Rubicon generated USD 195 million in FY2024.
The company also has 17 new products awaiting US FDA approval and 63 products under development. Rubicon markets over 350 SKUs to 96 global customers, including major US wholesalers, national pharmacy chains, and group purchasing organizations (GPOs).
Globally, the company has filed or registered 48 product applications across Australia, the UK, Singapore, Saudi Arabia, and the UAE. It also provides contract manufacturing services to clients in India, Australia, and New Zealand.
Rubicon operates three manufacturing facilities in India and two US FDA-approved R&D centers located in India and Canada.
Why To Invest in Rubicon Research Limited
Rubicon Research Limited presents a compelling investment opportunity owing to its strong presence in the US generic pharmaceutical market. The company has established itself as one of the fastest-growing Indian pharma players, catering to leading wholesalers, national pharmacy chains, and group purchasing organizations. With a diversified and expanding product portfolio consisting of 72 approved products, 17 awaiting US FDA approval, and 63 under development, Rubicon demonstrates consistent innovation and scalability in its operations. The company’s financial performance has also been impressive, with revenue growing by 49% and profit after tax increasing by 48% between FY2024 and FY2025, reflecting sound operational efficiency and profitability. Supported by robust R&D and advanced manufacturing capabilities, Rubicon’s focus on innovation and cost-effective production enhances its competitiveness in global markets. Moreover, with product registrations across several international markets, including Australia, the UK, Singapore, Saudi Arabia, and the UAE, the company is strategically positioned to capture new growth opportunities beyond its primary market in the United States.
Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
---|---|---|---|---|
Assets | 1,647.60 | 1,451.43 | 1,109.49 | 749.70 |
Total Income | 356.95 | 1,296.22 | 872.39 | 419.00 |
Profit After Tax | 43.30 | 134.36 | 91.01 | -16.89 |
EBITDA | 79.74 | 267.89 | 173.09 | 43.97 |
NET Worth | 593.67 | 540.98 | 385.00 | 286.38 |
Reserves and Surplus | 397.50 | 525.57 | 369.79 | 281.31 |
Total Borrowing | 495.78 | 393.17 | 396.41 | 317.91 |
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