{"id":326995,"date":"2026-10-26T16:42:50","date_gmt":"2026-10-26T11:12:50","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326995"},"modified":"2026-10-26T16:42:50","modified_gmt":"2026-10-26T11:12:50","slug":"active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/","title":{"rendered":"3 Active Ingredients and Custom Manufacturing Company, Excipients and Nutrition Ingredients Maker and Portable Molecular Testing Firm Stocks With a Strong Future Roadmap: Neuland Laboratories, Sudeep Pharma and Molbio Diagnostics"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Neuland Laboratories, Sudeep Pharma and Molbio Diagnostics: ROE of 14.2% to 19.6% and FY22 to FY26 revenue CAGR of 16.8% to 21.1%. Prices as of 23 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three API, excipient and Truenat diagnostics stocks to watch are Neuland Laboratories, Sudeep Pharma and Molbio Diagnostics. Their return on equity ranges from 14.2% to 19.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 16.8% to 21.1%. Sudeep Pharma has the highest return on equity at 19.6%, while Neuland Laboratories has the fastest revenue growth at 21.1% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>API, excipient and Truenat diagnostics stocks give investors a way to track businesses that sit close to everyday demand in India. Neuland Laboratories, Sudeep Pharma and Molbio Diagnostics cover an active ingredients and custom manufacturing company, an excipients and nutrition ingredients maker and a portable molecular testing firm.<\/p>\n<p>This list covers three API, excipient and Truenat diagnostics stocks with complete current figures: Neuland Laboratories, Sudeep Pharma and Molbio Diagnostics. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#What_Are_API_Excipient_and_Truenat_Diagnostics_Stocks\" title=\"What Are API, Excipient and Truenat Diagnostics Stocks?\">What Are API, Excipient and Truenat Diagnostics Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#API_Excipient_and_Truenat_Diagnostics_Stocks_at_a_Glance\" title=\"API, Excipient and Truenat Diagnostics Stocks at a Glance\">API, Excipient and Truenat Diagnostics Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#Why_Do_API_Excipient_and_Truenat_Diagnostics_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do API, Excipient and Truenat Diagnostics Stocks Have a Strong Roadmap in India?\">Why Do API, Excipient and Truenat Diagnostics Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#Why_Neuland_Laboratories_Features_Among_These_API_Excipient_and_Truenat_Diagnostics_Stocks\" title=\"Why Neuland Laboratories Features Among These API, Excipient and Truenat Diagnostics Stocks\">Why Neuland Laboratories Features Among These API, Excipient and Truenat Diagnostics Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#Why_Sudeep_Pharma_Features_Among_These_API_Excipient_and_Truenat_Diagnostics_Stocks\" title=\"Why Sudeep Pharma Features Among These API, Excipient and Truenat Diagnostics Stocks\">Why Sudeep Pharma Features Among These API, Excipient and Truenat Diagnostics Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#Why_Molbio_Diagnostics_Features_Among_These_API_Excipient_and_Truenat_Diagnostics_Stocks\" title=\"Why Molbio Diagnostics Features Among These API, Excipient and Truenat Diagnostics Stocks\">Why Molbio Diagnostics Features Among These API, Excipient and Truenat Diagnostics Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#Neuland_Laboratories_vs_Sudeep_Pharma_vs_Molbio_Diagnostics_on_Key_Financials\" title=\"Neuland Laboratories vs Sudeep Pharma vs Molbio Diagnostics on Key Financials\">Neuland Laboratories vs Sudeep Pharma vs Molbio Diagnostics on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#Key_Risks_to_Check_Before_Investing_in_API_Excipient_and_Truenat_Diagnostics_Stocks\" title=\"Key Risks to Check Before Investing in API, Excipient and Truenat Diagnostics Stocks\">Key Risks to Check Before Investing in API, Excipient and Truenat Diagnostics Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#Final_Thoughts_on_API_Excipient_and_Truenat_Diagnostics_Stocks\" title=\"Final Thoughts on API, Excipient and Truenat Diagnostics Stocks\">Final Thoughts on API, Excipient and Truenat Diagnostics Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#What_are_API_excipient_and_Truenat_diagnostics_stocks\" title=\"What are API, excipient and Truenat diagnostics stocks?\">What are API, excipient and Truenat diagnostics stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#Which_API_excipient_and_Truenat_diagnostics_stocks_are_covered_in_this_list\" title=\"Which API, excipient and Truenat diagnostics stocks are covered in this list?\">Which API, excipient and Truenat diagnostics stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#Why_do_API_excipient_and_Truenat_diagnostics_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do API, excipient and Truenat diagnostics stocks have a strong future roadmap in India?\">Why do API, excipient and Truenat diagnostics stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#How_has_Neuland_Laboratories_performed_financially\" title=\"How has Neuland Laboratories performed financially?\">How has Neuland Laboratories performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#How_has_Sudeep_Pharma_performed_financially\" title=\"How has Sudeep Pharma performed financially?\">How has Sudeep Pharma performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#How_has_Molbio_Diagnostics_performed_financially\" title=\"How has Molbio Diagnostics performed financially?\">How has Molbio Diagnostics performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#What_risks_should_investors_check_before_buying_API_excipient_and_Truenat_diagnostics_stocks\" title=\"What risks should investors check before buying API, excipient and Truenat diagnostics stocks?\">What risks should investors check before buying API, excipient and Truenat diagnostics stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition-ingredients-maker-and-portable-molecular-testing-firm-stocks-roadmap-horizon-list\/#Is_this_list_of_API_excipient_and_Truenat_diagnostics_stocks_investment_advice\" title=\"Is this list of API, excipient and Truenat diagnostics stocks investment advice?\">Is this list of API, excipient and Truenat diagnostics stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_API_Excipient_and_Truenat_Diagnostics_Stocks\"><\/span><strong>What Are API, Excipient and Truenat Diagnostics Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>API, excipient and Truenat diagnostics stocks are listed healthcare companies that make active ingredients, excipients and portable disease tests. Their earnings depend on global orders, custom projects, approvals and testing demand.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"API_Excipient_and_Truenat_Diagnostics_Stocks_at_a_Glance\"><\/span><strong>API, Excipient and Truenat Diagnostics Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/neulandlab\/neuland-laboratories-ltd-share-price-today\">Neuland Laboratories<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18,865<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24,665<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">49.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.16<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/sudeepphrm\/sudeep-pharma-ltd-share-price-today\">Sudeep Pharma<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">966.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11,352<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">61.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.17<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/molbio\/molbio-diagnostics-ltd-share-price-today\">Molbio Diagnostics<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,239.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16,605<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">101.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">59.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.38<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, all three trade at a P\/E above their industry P\/E, which reflects the growth the market already expects from them. Readers comparing API, excipient and Truenat diagnostics stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_API_Excipient_and_Truenat_Diagnostics_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do API, Excipient and Truenat Diagnostics Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>API, excipient and Truenat diagnostics stocks have a strong roadmap in India because global buyers add dependable ingredient suppliers and portable testing widens access to diagnosis.<\/p>\n<ul>\n<li><strong>Custom projects.<\/strong> Global drug makers outsource complex molecules.<\/li>\n<li><strong>Excipients.<\/strong> Every tablet and capsule needs inactive ingredients.<\/li>\n<li><strong>Point of care tests.<\/strong> Portable devices reach remote areas.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Neuland_Laboratories_Features_Among_These_API_Excipient_and_Truenat_Diagnostics_Stocks\"><\/span><strong>Why Neuland Laboratories Features Among These API, Excipient and Truenat Diagnostics Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the API, excipient and Truenat diagnostics stocks on this list, Neuland Laboratories, based in Hyderabad, makes active pharmaceutical ingredients for generic drugs and runs a custom manufacturing business that supplies innovator companies.<\/p>\n<p>The company has a return on equity of 19.4%, a debt to equity ratio of 0.16 and a market capitalisation of Rs 24,665 crore. The stock trades at a P\/E of 49.5, above the industry P\/E of 36.0.<\/p>\n<p>Revenue rose from Rs 953 crore in FY22 to Rs 2,053 crore in FY26, a compound annual growth rate of 21.1%. Net profit grew from Rs 63.8 crore in FY22 to Rs 364 crore in FY26, which works out to a compound annual growth rate of 54.5%.<\/p>\n<p><strong>Roadmap:<\/strong> The company is moving up the value chain by growing custom manufacturing, which carries longer contracts and better margins than commodity generic ingredients. A strong order book for development-stage molecules gives visibility on multi-year volumes.<\/p>\n<p><strong>What to watch:<\/strong> Custom manufacturing revenue can move between quarters, so review the full-year trend.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Sudeep_Pharma_Features_Among_These_API_Excipient_and_Truenat_Diagnostics_Stocks\"><\/span><strong>Why Sudeep Pharma Features Among These API, Excipient and Truenat Diagnostics Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the ingredient maker company shares on this list, Sudeep Pharma makes pharmaceutical excipients, food ingredients and nutritional additives such as minerals and fortification products for domestic and global customers.<\/p>\n<p>Revenue rose from Rs 350 crore in FY22 to Rs 671 crore in FY26, a compound annual growth rate of 17.6%. Net profit grew from Rs 50.2 crore in FY22 to Rs 174 crore in FY26, which works out to a compound annual growth rate of 36.5%.<\/p>\n<p>In the June 2026 quarter, revenue grew 25.9% year on year to Rs 164 crore, while net profit rose 29.8% to Rs 40.6 crore. The company has a return on equity of 19.6%, a debt to equity ratio of 0.17 and a market capitalisation of Rs 11,352 crore. The stock trades at a P\/E of 61.8, above the industry P\/E of 35.1.<\/p>\n<p><strong>Roadmap:<\/strong> Excipients and nutritional ingredients are in steady demand from pharma and food customers, and the company is a leading supplier in its niche. Capacity additions and regulatory approvals open up new export markets.<\/p>\n<p><strong>What to watch:<\/strong> Check capacity expansion progress and export revenue growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Molbio_Diagnostics_Features_Among_These_API_Excipient_and_Truenat_Diagnostics_Stocks\"><\/span><strong>Why Molbio Diagnostics Features Among These API, Excipient and Truenat Diagnostics Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Molbio Diagnostics, based in Goa, develops the Truenat platform, a portable molecular diagnostics system that delivers lab-grade PCR results at the point of care, with strong use in tuberculosis testing.<\/p>\n<p>Revenue rose from Rs 782 crore in FY22 to Rs 1,455 crore in FY26, a compound annual growth rate of 16.8%. Net profit grew from Rs 83.5 crore in FY24 to Rs 164 crore in FY26, which works out to a compound annual growth rate of 40.2%.<\/p>\n<p>The company has a return on equity of 14.2%, a debt to equity ratio of 0.38 and a market capitalisation of Rs 16,605 crore. The stock trades at a P\/E of 101.2, above the industry P\/E of 59.6.<\/p>\n<p><strong>Roadmap:<\/strong> Its roadmap centres on widening the Truenat test menu beyond TB, pushing into more countries through government and donor programmes, and building recurring revenue from test chips and consumables on top of the installed analyser base.<\/p>\n<p><strong>What to watch:<\/strong> Order timing from public health programmes can be lumpy, so look at annual rather than single-quarter trends.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Neuland_Laboratories_vs_Sudeep_Pharma_vs_Molbio_Diagnostics_on_Key_Financials\"><\/span><strong>Neuland Laboratories vs Sudeep Pharma vs Molbio Diagnostics on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three API, excipient and Truenat diagnostics stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Neuland Laboratories<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">953<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,053<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">364<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Sudeep Pharma<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">350<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">671<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">174<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Molbio Diagnostics<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">782<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,455<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">164<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Sudeep Pharma posts the highest return on equity in this group at 19.6%. Neuland Laboratories combines the largest FY26 revenue at Rs 2,053 crore with the fastest revenue growth, a 21.1% compound annual rate. A useful habit with API, excipient and Truenat diagnostics stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_API_Excipient_and_Truenat_Diagnostics_Stocks\"><\/span><strong>Key Risks to Check Before Investing in API, Excipient and Truenat Diagnostics Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these API, excipient and Truenat diagnostics stocks, the main points are:<\/p>\n<ul>\n<li><strong>Regulatory checks.<\/strong> Plant inspections can affect approvals.<\/li>\n<li><strong>Order timing.<\/strong> Large contracts can shift between periods.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter API, excipient and Truenat diagnostics stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_API_Excipient_and_Truenat_Diagnostics_Stocks\"><\/span><strong>Final Thoughts on API, Excipient and Truenat Diagnostics Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>API, excipient and Truenat diagnostics stocks work best when investors track growth, valuation and return on equity side by side. Neuland Laboratories, Sudeep Pharma and Molbio Diagnostics each have a clear plan to grow. Based on the 23 October 2026 close, Neuland Laboratories trades at Rs 18,865, Sudeep Pharma at Rs 966.2 and Molbio Diagnostics at Rs 1,239.1.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track API, excipient and Truenat diagnostics stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_API_excipient_and_Truenat_diagnostics_stocks\"><\/span><strong>What are API, excipient and Truenat diagnostics stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> API, excipient and Truenat diagnostics stocks are listed healthcare companies that make active ingredients, excipients and portable disease tests. Their earnings depend on global orders, custom projects, approvals and testing demand. This list looks at three of them, Neuland Laboratories, Sudeep Pharma and Molbio Diagnostics, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_API_excipient_and_Truenat_diagnostics_stocks_are_covered_in_this_list\"><\/span><strong>Which API, excipient and Truenat diagnostics stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Neuland Laboratories, Sudeep Pharma and Molbio Diagnostics. Based on the 23 October 2026 close, Neuland Laboratories traded at Rs 18,865, Sudeep Pharma at Rs 966.2 and Molbio Diagnostics at Rs 1,239.1. Their return on equity ranges from 14.2% to 19.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 16.8% to 21.1%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_API_excipient_and_Truenat_diagnostics_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do API, excipient and Truenat diagnostics stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> API, excipient and Truenat diagnostics stocks have a strong roadmap in India because global buyers add dependable ingredient suppliers and portable testing widens access to diagnosis. The main drivers are as follows. Custom projects. Global drug makers outsource complex molecules. Excipients. Every tablet and capsule needs inactive ingredients. Point of care tests. Portable devices reach remote areas. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Neuland_Laboratories_performed_financially\"><\/span><strong>How has Neuland Laboratories performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 953 crore in FY22 to Rs 2,053 crore in FY26, a compound annual growth rate of 21.1%. Net profit grew from Rs 63.8 crore in FY22 to Rs 364 crore in FY26, which works out to a compound annual growth rate of 54.5%. The company has a return on equity of 19.4%, a debt to equity ratio of 0.16 and a market capitalisation of Rs 24,665 crore. The stock trades at a P\/E of 49.5, above the industry P\/E of 36.0. Looking ahead, the company is moving up the value chain by growing custom manufacturing, which carries longer contracts and better margins than commodity generic ingredients. A strong order book for development-stage molecules gives visibility on multi-year volumes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Sudeep_Pharma_performed_financially\"><\/span><strong>How has Sudeep Pharma performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 350 crore in FY22 to Rs 671 crore in FY26, a compound annual growth rate of 17.6%. Net profit grew from Rs 50.2 crore in FY22 to Rs 174 crore in FY26, which works out to a compound annual growth rate of 36.5%. In the June 2026 quarter, revenue grew 25.9% year on year to Rs 164 crore, while net profit rose 29.8% to Rs 40.6 crore. The company has a return on equity of 19.6%, a debt to equity ratio of 0.17 and a market capitalisation of Rs 11,352 crore. The stock trades at a P\/E of 61.8, above the industry P\/E of 35.1. Looking ahead, excipients and nutritional ingredients are in steady demand from pharma and food customers, and the company is a leading supplier in its niche. Capacity additions and regulatory approvals open up new export markets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Molbio_Diagnostics_performed_financially\"><\/span><strong>How has Molbio Diagnostics performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 782 crore in FY22 to Rs 1,455 crore in FY26, a compound annual growth rate of 16.8%. Net profit grew from Rs 83.5 crore in FY24 to Rs 164 crore in FY26, which works out to a compound annual growth rate of 40.2%. The company has a return on equity of 14.2%, a debt to equity ratio of 0.38 and a market capitalisation of Rs 16,605 crore. The stock trades at a P\/E of 101.2, above the industry P\/E of 59.6. Looking ahead, its roadmap centres on widening the Truenat test menu beyond TB, pushing into more countries through government and donor programmes, and building recurring revenue from test chips and consumables on top of the installed analyser base.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_API_excipient_and_Truenat_diagnostics_stocks\"><\/span><strong>What risks should investors check before buying API, excipient and Truenat diagnostics stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying API, excipient and Truenat diagnostics stocks. Regulatory checks. Plant inspections can affect approvals. Order timing. Large contracts can shift between periods. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_API_excipient_and_Truenat_diagnostics_stocks_investment_advice\"><\/span><strong>Is this list of API, excipient and Truenat diagnostics stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 23 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are API, excipient and Truenat diagnostics stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"API, excipient and Truenat diagnostics stocks are listed healthcare companies that make active ingredients, excipients and portable disease tests. Their earnings depend on global orders, custom projects, approvals and testing demand. This list looks at three of them, Neuland Laboratories, Sudeep Pharma and Molbio Diagnostics, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which API, excipient and Truenat diagnostics stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Neuland Laboratories, Sudeep Pharma and Molbio Diagnostics. Based on the 23 October 2026 close, Neuland Laboratories traded at Rs 18,865, Sudeep Pharma at Rs 966.2 and Molbio Diagnostics at Rs 1,239.1. Their return on equity ranges from 14.2% to 19.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 16.8% to 21.1%.\"}},{\"@type\":\"Question\",\"name\":\"Why do API, excipient and Truenat diagnostics stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"API, excipient and Truenat diagnostics stocks have a strong roadmap in India because global buyers add dependable ingredient suppliers and portable testing widens access to diagnosis. The main drivers are as follows. Custom projects. Global drug makers outsource complex molecules. Excipients. Every tablet and capsule needs inactive ingredients. Point of care tests. Portable devices reach remote areas. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Neuland Laboratories performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 953 crore in FY22 to Rs 2,053 crore in FY26, a compound annual growth rate of 21.1%. Net profit grew from Rs 63.8 crore in FY22 to Rs 364 crore in FY26, which works out to a compound annual growth rate of 54.5%. The company has a return on equity of 19.4%, a debt to equity ratio of 0.16 and a market capitalisation of Rs 24,665 crore. The stock trades at a P\/E of 49.5, above the industry P\/E of 36.0. Looking ahead, the company is moving up the value chain by growing custom manufacturing, which carries longer contracts and better margins than commodity generic ingredients. A strong order book for development-stage molecules gives visibility on multi-year volumes.\"}},{\"@type\":\"Question\",\"name\":\"How has Sudeep Pharma performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 350 crore in FY22 to Rs 671 crore in FY26, a compound annual growth rate of 17.6%. Net profit grew from Rs 50.2 crore in FY22 to Rs 174 crore in FY26, which works out to a compound annual growth rate of 36.5%. In the June 2026 quarter, revenue grew 25.9% year on year to Rs 164 crore, while net profit rose 29.8% to Rs 40.6 crore. The company has a return on equity of 19.6%, a debt to equity ratio of 0.17 and a market capitalisation of Rs 11,352 crore. The stock trades at a P\/E of 61.8, above the industry P\/E of 35.1. Looking ahead, excipients and nutritional ingredients are in steady demand from pharma and food customers, and the company is a leading supplier in its niche. Capacity additions and regulatory approvals open up new export markets.\"}},{\"@type\":\"Question\",\"name\":\"How has Molbio Diagnostics performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 782 crore in FY22 to Rs 1,455 crore in FY26, a compound annual growth rate of 16.8%. Net profit grew from Rs 83.5 crore in FY24 to Rs 164 crore in FY26, which works out to a compound annual growth rate of 40.2%. The company has a return on equity of 14.2%, a debt to equity ratio of 0.38 and a market capitalisation of Rs 16,605 crore. The stock trades at a P\/E of 101.2, above the industry P\/E of 59.6. Looking ahead, its roadmap centres on widening the Truenat test menu beyond TB, pushing into more countries through government and donor programmes, and building recurring revenue from test chips and consumables on top of the installed analyser base.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying API, excipient and Truenat diagnostics stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying API, excipient and Truenat diagnostics stocks. Regulatory checks. Plant inspections can affect approvals. Order timing. Large contracts can shift between periods. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of API, excipient and Truenat diagnostics stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 23 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>API, Excipient and Truenat Diagnostics Stocks with a strong future roadmap: Neuland Laboratories, Sudeep Pharma and Molbio Diagnostics. Compare price, valuation, return on equity and revenue growth as of 23 October 2026.<\/p>\n","protected":false},"author":36,"featured_media":326993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[15449,3803,16151,16152,7909,8590,16153,6884],"class_list":["post-326995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-api","tag-best-stocks","tag-excipient-and-truenat-diagnostics-stocks","tag-ingredient-maker-company-shares","tag-molbio-diagnostics","tag-neuland-laboratories","tag-pharma-excipient-and-portable-test-stocks","tag-sudeep-pharma"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["326993"],"rank_math_title":["API, Excipient and Truenat Diagnostics Stocks"],"rank_math_description":["Compare 3 API, excipient and Truenat diagnostics stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. Data as of 23 Oct 2026."],"rank_math_focus_keyword":["API, excipient and Truenat diagnostics stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-active-ingredients-and-custom-manufacturing-company-excipients-and-nutrition.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/326995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=326995"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/326995\/revisions"}],"predecessor-version":[{"id":326996,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/326995\/revisions\/326996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/326993"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=326995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=326995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=326995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}