What is the share price of Dr. Reddy's Laboratories Limited (DRREDDY) today?
The share price of DRREDDY as on 11th September 2026 is ₹1165.50. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.What is the return on Dr. Reddy's Laboratories Limited (DRREDDY) share?
The past returns of Dr. Reddy's Laboratories Limited (DRREDDY) share are- Past 1 week: 0.73%
- Past 1 month: 0.55%
- Past 3 months: -8.66%
- Past 6 months: -12.07%
- Past 1 year: -10.56%
- Past 3 years: 3.81%
- Past 5 years: 18.17%
What are the peers or stocks similar to Dr. Reddy's Laboratories Limited (DRREDDY)?
The peers or stocks similar to Dr. Reddy's Laboratories Limited (DRREDDY) include:What is the dividend yield % of Dr. Reddy's Laboratories Limited (DRREDDY) share?
The current dividend yield of Dr. Reddy's Laboratories Limited (DRREDDY) is 0.68.What is the market cap of Dr. Reddy's Laboratories Limited (DRREDDY) share?
Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Dr. Reddy's Laboratories Limited (DRREDDY) is ₹97850.65 Cr as of 11th September 2026.What is the 52 week high and low of Dr. Reddy's Laboratories Limited (DRREDDY) share?
The 52-week high of Dr. Reddy's Laboratories Limited (DRREDDY) is ₹1414.90 and the 52-week low is ₹1101.What is the PE and PB ratio of Dr. Reddy's Laboratories Limited (DRREDDY) stock?
The P/E (price-to-earnings) ratio of Dr. Reddy's Laboratories Limited (DRREDDY) is 23.32. The P/B (price-to-book) ratio is 2.56.Which sector does Dr. Reddy's Laboratories Limited (DRREDDY) belong to?
Dr. Reddy's Laboratories Limited (DRREDDY) belongs to the Health Care sector & Pharmaceuticals sub-sector.How to buy Dr. Reddy's Laboratories Limited (DRREDDY) shares?
You can directly buy Dr. Reddy's Laboratories Limited (DRREDDY) shares on Tickertape. Simply sign up, connect your demat account and place your order.
Dr. Reddy's Laboratories Limited
DRREDDY Share Price
NSEDRREDDY Stock Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
How to use scorecard? Learn more
DRREDDY Performance & Key Metrics
DRREDDY Performance & Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 30.37 | 2.56 | 0.68% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 46.35 | 5.84 | 0.49% |
from 31 analysts
Price Upside
Earnings Growth
Rev. Growth
DRREDDY Company Profile
Dr. Reddy's Laboratories Limited is a pharmaceutical company that is engaged in providing medicines.
DRREDDY Sentiment Analysis
DRREDDY Sentiment Analysis
DRREDDY Stock Summary · July 2026
Management characterized the situation as a temporary supply setback with a defined remediation plan and expectations to restore commercial supply in the late‑Fall timeframe. Management anchored near‑term output around a refreshed target of roughly 6–7 million semaglutide pens between Q3 and Q4 FY27 while reiterating a prior longer‑term capacity of up to 15 million units and an unchanged target of 20%+ EBITDA margin. They explained an out‑of‑spec degradation impurity in a scale‑up API batch tied to the manufacturing reaction, stressed no product reached patients and no recall or regulatory filings are required, and emphasized cGMP compliance. Operations are halted for scale‑up shipments pending three repeat validation batches to be tested by OneSource, with validation activities projected to run until around September and commercial‑scale shipments possibly moving in October so market supply could resume in late October to early November. Management acknowledged tension between lost selling months, likely inventory write‑downs (to be quantified after the silent period), and near‑term margin pressure, and noted work on alternate suppliers and an in‑house fill–finish facility as longer‑term buffers.
DRREDDY Stock Growth Drivers
DRREDDY Stock Growth Drivers
5Transparent governance and timely investor communication
Leadership acted quickly upon discovering the semaglutide issue, disclosing the development on short notice—having learned
Technical capability to diagnose and remediate manufacturing impurity
The impurity was isolated to API degradation during formulation from recently scaled-up batches, and management
DRREDDY Stock Challenges
DRREDDY Stock Challenges
5Scale-up Validation Failure and Halted Production
A scale-up batch of semaglutide API produced an out-of-specification impurity in the finished drug product
Near-term Volume Shortfall and Financial Impact
Lost launch months and the halted scale-up are expected to reduce near-term sell-through versus prior
DRREDDY Forecast
DRREDDY Forecasts
Price
Revenue
Earnings
DRREDDY Share Price Forecast
DRREDDY Share Price Forecast
All values in ₹
All values in ₹
DRREDDY Company Revenue Forecast
DRREDDY Company Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
DRREDDY Stock EPS (Earnings Per Share) Forecast
DRREDDY Stock EPS (Earnings Per Share) Forecast
All values in ₹
All values in ₹
DRREDDY
DRREDDY
Income
Balance Sheet
Cash Flow
DRREDDY Income Statement
DRREDDY Income Statement
| Quarter | mar 2024 | jun 2024 | sep 2024 | dec 2024 | mar 2025 | jun 2025 | sep 2025 | dec 2025 | mar 2026 | jun 2026 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 7,314.80 | 7,889.20 | 8,351.80 | 8,535.60 | 9,056.00 | 8,862.60 | 9,158.50 | 9,024.50 | 8,026.40 | 8,455.30 | ||||||||||
| Operating & Other expenses | 5,282.60 | 5,566.20 | 5,961.70 | 6,108.20 | 6,530.50 | 6,398.50 | 6,818.40 | 6,865.90 | 7,163.90 | 7,239.90 | ||||||||||
| EBITDA | 2,032.20 | 2,323.00 | 2,390.10 | 2,427.40 | 2,525.50 | 2,464.10 | 2,340.10 | 2,158.60 | 862.50 | 1,215.40 | ||||||||||
| Depreciation/Amortization | 367.70 | 380.60 | 397.00 | 471.40 | 454.70 | 476.10 | 504.60 | 521.00 | 557.10 | 536.60 | ||||||||||
| PBIT | 1,664.50 | 1,942.40 | 1,993.10 | 1,956.00 | 2,070.80 | 1,988.00 | 1,835.50 | 1,637.60 | 305.40 | 678.80 | ||||||||||
| Interest & Other Items | 59.30 | 59.80 | 75.70 | 81.70 | 65.60 | 83.00 | 90.70 | 94.40 | 105.70 | 125.50 | ||||||||||
| PBT | 1,605.20 | 1,882.60 | 1,917.40 | 1,874.30 | 2,005.20 | 1,905.00 | 1,744.80 | 1,543.20 | 199.70 | 553.30 | ||||||||||
| Taxes & Other Items | 295.40 | 490.20 | 661.70 | 460.60 | 411.90 | 486.90 | 397.70 | 333.30 | -21.20 | 109.00 | ||||||||||
| Net Income | 1,309.80 | 1,392.40 | 1,255.70 | 1,413.70 | 1,593.30 | 1,418.10 | 1,347.10 | 1,209.90 | 220.90 | 444.30 | ||||||||||
| EPS | 15.73 | 16.72 | 15.08 | 16.97 | 19.12 | 17.04 | 16.18 | 14.53 | 2.65 | 5.33 |
DRREDDY Company Updates
Investor Presentation
DRREDDY Stock Peers
DRREDDY Past Performance & Peer Comparison
DRREDDY Past Performance & Peer Comparison
Health CarePharmaceuticals
Valuation
Technical
Forecast
| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Dr. Reddy's Laboratories Limited | 23.32 | 2.56 | 0.68% |
| Sun Pharmaceutical Industries Ltd | 39.76 | 5.44 | 0.84% |
| Torrent Pharmaceuticals Ltd | 86.09 | 10.59 | 0.69% |
| Cipla Ltd | 29.83 | 3.35 | 0.91% |
DRREDDY Stock Price Comparison
Compare DRREDDY with any stock or ETFDRREDDY Holdings
DRREDDY Shareholdings
DRREDDY Promoter Holdings Trend
DRREDDY Promoter Holdings Trend
In last 6 months, promoter holding in the company has almost stayed constant
Pledged promoter holdings is insignificant
DRREDDY Institutional Holdings Trend
DRREDDY Institutional Holdings Trend
In last 3 months, retail holding in the company has almost stayed constant
In last 3 months, foreign institutional holding of the company has decreased by 1.01%
DRREDDY Shareholding Pattern
DRREDDY Shareholding Pattern
DRREDDY Shareholding History
DRREDDY Shareholding History
Mutual Funds Invested in DRREDDY
Mutual Funds Invested in DRREDDY
No mutual funds holding trends are available
Top 5 Mutual Funds holding Dr. Reddy's Laboratories Limited
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 1.6987% | Percentage of the fund’s portfolio invested in the stock 1.12% | Change in the portfolio weight of the stock over the last 3 months -0.15% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 24/130 (-1) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 1.1028% | Percentage of the fund’s portfolio invested in the stock 1.80% | Change in the portfolio weight of the stock over the last 3 months -0.34% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 20/83 (-6) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.9255% | Percentage of the fund’s portfolio invested in the stock 2.36% | Change in the portfolio weight of the stock over the last 3 months 1.61% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 12/93 (+13) |
Compare 3-month MF holding change on Screener
smallcases containing DRREDDY stock
smallcases containing DRREDDY stock
A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Dr. Reddy's Laboratories Limited
DRREDDY Events
DRREDDY Events
DRREDDY Dividend Trend
DRREDDY has increased or maintained dividend levels over the last 5 years
Current dividend yield is 0.68%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹6.82 every year
Dividends
Corp. Actions
Announcements
Legal Orders
DRREDDY Dividend Trend
DRREDDY has increased or maintained dividend levels over the last 5 years
Current dividend yield is 0.68%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹6.82 every year
DRREDDY Upcoming Dividends
DRREDDY Upcoming Dividends
No upcoming dividends are available
DRREDDY Past Dividends
DRREDDY Past Dividends
Cash Dividend
Ex DateEx DateJul 10, 2026
Dividend/Share
₹8.00
Ex DateEx Date
Jul 10, 2026
Cash Dividend
Ex DateEx DateJul 10, 2025
Dividend/Share
₹8.00
Ex DateEx Date
Jul 10, 2025
Cash Dividend
Ex DateEx DateJul 16, 2024
Dividend/Share
₹40.00
Ex DateEx Date
Jul 16, 2024
Cash Dividend
Ex DateEx DateJul 11, 2023
Dividend/Share
₹40.00
Ex DateEx Date
Jul 11, 2023
Cash Dividend
Ex DateEx DateJul 11, 2022
Dividend/Share
₹30.00
Ex DateEx Date
Jul 11, 2022
DRREDDY Stock News & Opinions
DRREDDY Stock News & Opinions
Dr. Reddy’s Laboratories Ltd. announced the allotment of 375 equity shares of Re. 1/- each to eligible employees on September 10, 2026, following the exercise of stock options under the Dr. Reddy’s Employees ADR Stock Option Scheme, 2007, resulting in a total issued share capital of Rs. 83,46,81,285 /- and 83,46,80,285 equity shares.
Dr. Reddy’s Laboratories Ltd. announced the allotment of 4,110 equity shares of Re. 1/- each to eligible employees on August 26, 2026, pursuant to the exercise of stock options under the Dr. Reddy’s Employees Stock Option Scheme, 2002, resulting in a total issued share capital of Rs. 83,46,80,910 /- and a total issued shares of 83,46,80,910.
Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY) announced that the U.S. Food and Drug Administration has approved its rituximab biosimilar, developed and manufactured by Dr. Reddy’s Laboratories, for the U.S. market, with Fresenius Kabi holding the exclusive rights to commercialize the product in the United States. The approval follows a recent Pre-License Inspection at the company's biologics manufacturing facility in Bachupally, Hyderabad, and strengthens Dr. Reddy’s global biosimilars portfolio.
Revenue from operations declined 5.55% YoY to Rs 8,070.5 crore in the quarter ended 30 June 2026. Profit before tax (PBT) dropped 70.98% YoY to Rs 552.6 crore in Q1 FY27. EBITDA slipped 55.72% to Rs 1,008.8 crore in Q1 FY27 compared with Rs 2,278.4 crore in Q1 FY26. EBITDA margin contracted to 12.5% in Q1 FY27 as against 26.7% in Q1 FY26. Revenue from the Global Generics segment declined 4.79% year-on-year to Rs 7,199.3 crore during the quarter. Revenue from the North America business fell 35.38% YoY to Rs 2,204.8 crore, mainly due to lower sales of Lenalidomide. The company launched six new products in the region during the quarter. Revenue from the India business increased 16.76% YoY to Rs 1,717.7 crore, supported by new brand launches, including innovative assets and recently acquired portfolios, along with price increases and higher sales volumes. The company launched seven new brands during the quarter. Revenue from the Europe region grew 13.30% YoY to Rs 1,444 crore, aided by the launch of 24 new generic products. The Emerging Markets segment reported a 30.52% YoY growth in revenue to Rs 1,832.8 crore, driven by new launches, higher volumes and favourable foreign exchange movement. Research and Development (R&D) expenditure stood at Rs 580 crore in Q1 FY27, down 8% year-on-year but up 6% sequentially. R&D expenses accounted for 7.1% of revenue during the quarter, compared with 7.3% in Q1 FY26. The decline was primarily due to lower development spending on biosimilars, while investments remained focused on complex generics, including peptides and biosimilars. Co-Chairman & MD, G V Prasad said: Our Q1 FY27 performance reflected the expected transition beyond lenalidomide revenues, along with an unexpected impact related to semaglutide API. However, our underlying base business continued to deliver healthy doubledigit growth across all key geographies. Our focus remains on improving the health of our base business through disciplined execution and operational excellence, while building our future pipeline of peptides, biosimilars, and innovative assets to deliver long-term growth. Meanwhile, the company's board approved the appointment of Dr Sridevi Khambhampaty as Global Head of Biologics and Senior Management Personnel and her induction as a member of the Management Council, effective 22 July 2026. Hyderabad-based Dr. Reddy's Laboratories is a global pharmaceutical company. It offers a portfolio of products and services including APIs, generics, branded generics, biosimilars and OTC.Powered by Capital Market - Live
Revenue from operations declined 5.55% YoY to Rs 8,070.5 crore in the quarter ended 30 June 2026. Profit before tax (PBT) dropped 70.98% YoY to Rs 552.6 crore in Q1 FY27. EBITDA slipped 55.72% to Rs 1,008.8 crore in Q1 FY27 compared with Rs 2,278.4 crore in Q1 FY26. EBITDA margin contracted to 12.5% in Q1 FY27 as against 26.7% in Q1 FY26. Revenue from the Global Generics segment declined 4.79% year-on-year to Rs 7,199.3 crore during the quarter. Revenue from the North America business fell 35.38% YoY to Rs 2,204.8 crore, mainly due to lower sales of Lenalidomide. The company launched six new products in the region during the quarter. Revenue from the India business increased 16.76% YoY to Rs 1,717.7 crore, supported by new brand launches, including innovative assets and recently acquired portfolios, along with price increases and higher sales volumes. The company launched seven new brands during the quarter. Revenue from the Europe region grew 13.30% YoY to Rs 1,444 crore, aided by the launch of 24 new generic products. The Emerging Markets segment reported a 30.52% YoY growth in revenue to Rs 1,832.8 crore, driven by new launches, higher volumes and favourable foreign exchange movement. Research and Development (R&D) expenditure stood at Rs 580 crore in Q1 FY27, down 8% year-on-year but up 6% sequentially. R&D expenses accounted for 7.1% of revenue during the quarter, compared with 7.3% in Q1 FY26. The decline was primarily due to lower development spending on biosimilars, while investments remained focused on complex generics, including peptides and biosimilars. Co-Chairman & MD, G V Prasad, said: Our Q1 FY27 performance reflected the expected transition beyond lenalidomide revenues, along with an unexpected impact related to semaglutide API. However, our underlying base business continued to deliver healthy doubledigit growth across all key geographies. Our focus remains on improving the health of our base business through disciplined execution and operational excellence, while building our future pipeline of peptides, biosimilars, and innovative assets to deliver long-term growth. Meanwhile, the company's board approved the appointment of Dr Sridevi Khambhampaty as Global Head of Biologics and Senior Management Personnel and her induction as a member of the Management Council, effective 22 July 2026. Hyderabad-based Dr Reddy's Laboratories is a global pharmaceutical company. It offers a portfolio of products and services including APIs, generics, branded generics, biosimilars and OTC. The scrip slipped 1.95% to settle at Rs 1,183 on the BSE. Powered by Capital Market - Live
Net profit of Dr Reddy's Laboratories declined 68.67% to Rs 444.30 crore in the quarter ended June 2026 as against Rs 1418.10 crore during the previous quarter ended June 2025. Sales declined 5.56% to Rs 8070.50 crore in the quarter ended June 2026 as against Rs 8545.20 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales8070.508545.20 -6 OPM %10.6525.44 - PBDT1089.902381.10 -54 PBT553.301905.00 -71 NP444.301418.10 -69 Powered by Capital Market - Live
The board of Dr Reddys Laboratories at its meeting held on 22 July 2026 has appointed Dr. Sridevi Khambhampaty as Global Head of Biologics and Senior Management Personnel of the Company effective 22 July 2026.
Dr Reddys Laboratories Ltd is down for a fifth straight session today. The stock is quoting at Rs 1245.1, down 1.92% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.88% on the day, quoting at 24172.55. The Sensex is at 77454.26, up 0.93%.Dr Reddys Laboratories Ltd has lost around 2.42% in last one month.Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has increased around 5.38% in last one month and is currently quoting at 25656.25, down 0.16% on the day. The volume in the stock stood at 58.42 lakh shares today, compared to the daily average of 21.64 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1250.1, down 0.15% on the day. Dr Reddys Laboratories Ltd tumbled 0.77% in last one year as compared to a 3.89% slide in NIFTY and a 15.25% spurt in the Nifty Pharma index.The PE of the stock is 34.61 based on TTM earnings ending March 26.Powered by Capital Market - Live
JSW Dulux Ltd, Paras Defence and Space Technologies Ltd, Shaily Engineering Plastics Ltd and Solar Industries India Ltd are among the other losers in the BSE's 'A' group today, 09 July 2026.Dr Reddys Laboratories Ltd tumbled 5.99% to Rs 1267.95 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3 lakh shares were traded on the counter so far as against the average daily volumes of 87319 shares in the past one month.JSW Dulux Ltd crashed 3.26% to Rs 2945.9. The stock was the second biggest loser in 'A' group.On the BSE, 1.03 lakh shares were traded on the counter so far as against the average daily volumes of 1610 shares in the past one month.Paras Defence and Space Technologies Ltd lost 3.20% to Rs 1232.9. The stock was the third biggest loser in 'A' group.On the BSE, 94727 shares were traded on the counter so far as against the average daily volumes of 4.39 lakh shares in the past one month.Shaily Engineering Plastics Ltd shed 3.10% to Rs 2706.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 18575 shares were traded on the counter so far as against the average daily volumes of 45235 shares in the past one month.Solar Industries India Ltd plummeted 3.04% to Rs 17412.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 29723 shares were traded on the counter so far as against the average daily volumes of 9074 shares in the past one month.Powered by Capital Market - Live
The domestic benchmarks indices continued to trade with major gains in early afternoon trade supported by foreign fund inflows and buying in blue-chip stocks. The Nifty traded above the 24,050 mark. Investors are also closely tracking the first-quarter earnings season, with the focus on TCS' Q1 FY27 results due later in the day. Market participants will watch the IT major's management commentary for cues on discretionary technology spending by global clients and the demand outlook for the sector. Consumer durables shares rebounded after declining in the past trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex declined 585.92 points o 0.76% to 77,091.46. The Nifty 50 index fell 183.45 points or 0.77% to 24,067.55. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.48% and the BSE 250 SmallCap Index jumped 1.64%. The market breadth was strong. On the BSE, 2,878 shares rose and 1,086 shares fell. A total of 231 shares were unchanged. In the commodities market, Brent crude for September 2026 settlement fell 30 cents or 0.38% to $77.72 a barrel. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 10.43% to 13.15. The Nifty 28 July 2026 futures were trading at 24,103 at a premium of 35.45 points as compared with the spot at 24,067.55. The Nifty option chain for the 28 July 2026 expiry showed a maximum call OI of 57.3 lakh contracts at the 25,000 strike price. A maximum put OI of 64.1 lakh contracts was seen at the 24,000 strike price. Buzzing Index: The Nifty Consumer Durables index jumped 2.01% to 37,957.50. The index declined 1.33% in the past trading session. Kalyan Jewellers India (up 16.48%), Dixon Technologies (India) (up 4.99%), PG Electroplast (up 2.97%), Amber Enterprises India (up 2.44%), Kajaria Ceramics (up 2.07%) were the top gainers. Among the other gainers were Blue Star (up 1.99%), Whirlpool of India (up 1.24%), Bata India (up 1.02%), LG Electronics India (up 0.9%) and Crompton Greaves Consumer Electricals (up 0.89%) surged. Stocks in Spotlight: Dr Reddy's Laboratories tumbled 5.24% after the company said commercial supplies of certain batches of its semaglutide product will be delayed following a quality-related issue involving the active pharmaceutical ingredient (API). The Phoenix Mills added 3.96% after the company reported a strong operational performance across its retail, commercial office, hospitality and residential businesses for the quarter ended June 2026 (Q1 FY27). The company's retail portfolio continued to deliver robust growth, with consumption rising 32% year-on-year (YoY) to Rs 4,727 crore during the quarter across its existing operational assets.Powered by Capital Market - Live

Over the last 5 years, revenue has grown at a yearly rate of 12.59%, vs industry avg of 11.78%
Over the last 5 years, market share increased from 6.65% to 6.83%
Over the last 5 years, net income has grown at a yearly rate of 16.54%, vs industry avg of 10.53%