• Dr Reddy's Laboratories average return on tangible equity for 2023 was 24.87, a 34.58% decline from 2022.
• Dr Reddy's Laboratories average return on tangible equity for 2022 was 18.48, a 22.47% increase from 2021.
• Dr Reddy's Laboratories average return on tangible equity for 2021 was 15.09, a 0.94% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.