This paper examines the impact of Sustainable Growth Rate of selected Pharmaceutical companies in India. Objective of the study is to analyze the sustainable growth rate position of selected Pharmaceutical industries in India. For this purpose a sample of top two Pharmaceutical companies in India listed on the National Stock Exchange (NSE) have been selected for the study. The data have been taken for a period of 15 years from 2000 to 2014; from the official database of Center for Monitoring Indian Economy (CMIE) namely Prowess and company websites. Ratios have been used to analyse the sustainable growth rate position of the selected companies.