Vanta Bioscience Ltd
Incorporated in 2016, Vanta Bioscience Ltd is a full-service preclinical contract research organisation. [1]
- Market Cap ₹ 13.2 Cr.
- Current Price ₹ 18.5
- High / Low ₹ 31.3 / 15.0
- Stock P/E
- Book Value ₹ 27.1
- Dividend Yield 0.00 %
- ROCE -11.6 %
- ROE -37.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.68 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -32.3% over past five years.
- Company has a low return on equity of -27.2% over last 3 years.
- Company has high debtors of 466 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 12.08 | 13.75 | 9.82 | 9.40 | 5.83 | 9.72 | 1.96 | 1.23 | |
| 8.81 | 9.38 | 5.87 | 5.93 | 8.22 | 8.41 | 6.21 | 5.48 | |
| Operating Profit | 3.27 | 4.37 | 3.95 | 3.47 | -2.39 | 1.31 | -4.25 | -4.25 |
| OPM % | 27.07% | 31.78% | 40.22% | 36.91% | -40.99% | 13.48% | -216.84% | -345.53% |
| 0.23 | 0.11 | 0.03 | 0.42 | 0.69 | 0.11 | 0.11 | 0.07 | |
| Interest | 1.69 | 1.95 | 2.14 | 2.35 | 5.89 | 5.75 | 4.07 | 2.80 |
| Depreciation | 0.71 | 1.19 | 1.25 | 1.32 | 2.67 | 4.50 | 4.42 | 3.34 |
| Profit before tax | 1.10 | 1.34 | 0.59 | 0.22 | -10.26 | -8.83 | -12.63 | -10.32 |
| Tax % | 36.36% | 24.63% | 23.73% | 40.91% | 1.75% | -2.49% | 5.23% | |
| 0.70 | 1.01 | 0.45 | 0.14 | -10.44 | -8.61 | -13.29 | -4.53 | |
| EPS in Rs | 1.11 | 1.58 | 0.71 | 0.14 | -10.27 | -3.68 | -7.56 | -6.85 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -32% |
| 3 Years: | -41% |
| TTM: | -73% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -37% |
| 3 Years: | -36% |
| 1 Year: | -40% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -13% |
| 3 Years: | -27% |
| Last Year: | -37% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.31 | 6.31 | 6.31 | 6.31 | 6.31 | 6.31 | 6.31 | 7.11 |
| Reserves | 15.94 | 17.16 | 17.61 | 17.70 | 11.20 | 8.89 | 4.11 | 12.14 |
| 13.25 | 17.37 | 35.97 | 44.86 | 57.16 | 60.96 | 70.09 | 30.57 | |
| 3.51 | 7.74 | 9.74 | 12.53 | 10.04 | 9.24 | 5.37 | 7.04 | |
| Total Liabilities | 39.01 | 48.58 | 69.63 | 81.40 | 84.71 | 85.40 | 85.88 | 56.86 |
| 17.90 | 20.76 | 29.39 | 36.12 | 57.22 | 54.15 | 55.50 | 41.82 | |
| CWIP | 3.70 | 7.00 | 19.34 | 28.47 | 10.60 | 12.53 | 13.47 | 0.00 |
| Investments | 1.95 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 |
| 15.46 | 20.82 | 20.90 | 16.81 | 16.89 | 18.72 | 16.91 | 12.04 | |
| Total Assets | 39.01 | 48.58 | 69.63 | 81.40 | 84.71 | 85.40 | 85.88 | 56.86 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -1.04 | 2.34 | 6.97 | 5.28 | -0.63 | 2.68 | -2.41 | |
| -5.73 | -7.59 | -22.30 | -17.24 | -5.91 | -3.31 | -6.69 | |
| 9.94 | 2.17 | 17.78 | 9.53 | 6.41 | 0.69 | 9.16 | |
| Net Cash Flow | 3.18 | -3.07 | 2.46 | -2.43 | -0.13 | 0.06 | 0.06 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 47.14 | 36.90 | 74.71 | 43.88 | 122.71 | 117.91 | 465.56 |
| Inventory Days | 2,400.15 | ||||||
| Days Payable | 1,821.31 | ||||||
| Cash Conversion Cycle | 47.14 | 36.90 | 74.71 | 43.88 | 122.71 | 117.91 | 1,044.40 |
| Working Capital Days | 260.76 | 259.61 | 91.06 | -135.13 | -163.40 | -217.42 | -2,126.68 |
| ROCE % | 8.35% | 5.21% | 3.77% | -5.82% | -4.16% | -11.58% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Research & Development (R&D) Expenditure INR Lakhs ・Standalone data |
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| Total Headcount (Permanent Employees) Number ・Standalone data |
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| Unbilled Revenue (Services Under Process/Inventory) INR Lakhs ・Standalone data |
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| Number of Scientists Number ・Standalone data |
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Documents
Announcements
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Clarification On Movement In Price
1d - On 11.03.2026, company told BSE it disclosed material information; unaware of cause for 25.02.2026 price movement.
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Clarification sought from Vanta Bioscience Ltd
25 Feb - Exchange has sought clarification from Vanta Bioscience Ltd on February 25, 2026 with reference to significant movement in price, in order to ensure that investors …
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Board Meeting Outcome for Outcome Of The Board Meeting - Appointment Of Company Secretary And Compliance Officer
30 Jan - Ms. Pooja Kothari appointed Company Secretary & Compliance Officer effective 30.01.2026.
- Financial Results For The Half Year Ended September 30, 2025 14 Nov 2025
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Board Meeting Outcome for Outcome Of The Board Meeting Held On November 14, 2025
14 Nov 2025 - Board approved unaudited standalone and consolidated results for half-year ended Sep 30, 2025; limited review attached.
Business Overview:[1][2][3]
a) VBSL conducts R&D, clinical, and pre-clinical studies across genetic, animal, inhalation, and eco-toxicology.
b) It is a preclinical contract research company offering safety assessment services to clients in pharma, medical devices, nutraceuticals, feed additives, biotech, agrochemicals, cosmetics, and chemicals.
c) The company provides risk assessment services for APIs, excipients, extractables, leachables, and impurities arising from manufacturing or product degradation.
d) VBSL also offers expert services to determine health-based exposure limits, including PDE, ADE, and OEL for pharmaceutical manufacturers.