Anthem Biosciences Ltd
Incorporated in 2006, Anthem Biosciences
Ltd is in the business of providing CRDMO services and the manufacture and sale of specialty ingredients.[1]
- Market Cap ₹ 45,546 Cr.
- Current Price ₹ 808
- High / Low ₹ 978 / 579
- Stock P/E 70.9
- Book Value ₹ 56.7
- Dividend Yield 0.25 %
- ROCE 32.0 %
- ROE 24.3 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 20.4% CAGR over last 5 years
- Company's working capital requirements have reduced from 113 days to 82.2 days
Cons
- Stock is trading at 14.3 times its book value
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 626 | 633 | 1,103 | 1,231 | 1,057 | 1,418 | 1,841 | 2,089 | 1,935 | |
| 454 | 451 | 695 | 666 | 626 | 912 | 1,151 | 1,238 | 1,149 | |
| Operating Profit | 172 | 182 | 408 | 566 | 431 | 505 | 690 | 851 | 787 |
| OPM % | 27% | 29% | 37% | 46% | 41% | 36% | 37% | 41% | 41% |
| 21 | 21 | 37 | 49 | 139 | 70 | 109 | 158 | 159 | |
| Interest | 18 | 20 | 17 | 10 | 9 | 9 | 9 | 7 | 6 |
| Depreciation | 61 | 62 | 62 | 58 | 64 | 81 | 78 | 100 | 99 |
| Profit before tax | 114 | 121 | 366 | 547 | 498 | 485 | 711 | 903 | 840 |
| Tax % | 32% | 23% | 26% | 26% | 23% | 23% | 29% | 26% | |
| 77 | 93 | 271 | 406 | 386 | 375 | 506 | 671 | 624 | |
| EPS in Rs | 1.41 | 1.70 | 4.92 | 7.11 | 6.76 | 6.70 | 9.05 | 11.94 | 11.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 26% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 26% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 23% |
| Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 9 | 114 | 112 | 112 | 112 |
| Reserves | 323 | 413 | 693 | 1,347 | 1,628 | 1,821 | 2,361 | 3,072 |
| 192 | 159 | 100 | 35 | 115 | 173 | 113 | 50 | |
| 194 | 207 | 232 | 228 | 136 | 219 | 249 | 296 | |
| Total Liabilities | 718 | 787 | 1,034 | 1,619 | 1,993 | 2,324 | 2,836 | 3,531 |
| 316 | 306 | 361 | 329 | 449 | 478 | 624 | 613 | |
| CWIP | 12 | 50 | 19 | 153 | 143 | 156 | 58 | 84 |
| Investments | 73 | 99 | 209 | 273 | 499 | 472 | 533 | 1,380 |
| 318 | 333 | 444 | 865 | 902 | 1,219 | 1,620 | 1,455 | |
| Total Assets | 718 | 787 | 1,034 | 1,619 | 1,993 | 2,324 | 2,836 | 3,531 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 196 | 166 | 278 | 333 | 319 | 164 | 300 | 889 | |
| -121 | -109 | -196 | -206 | -378 | -192 | -250 | -742 | |
| -65 | -48 | -63 | 181 | 53 | -132 | -68 | -44 | |
| Net Cash Flow | 9 | 9 | 18 | 308 | -6 | -159 | -18 | 104 |
| Free Cash Flow | 144 | 119 | 159 | 308 | 145 | 41 | 171 | 753 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 114% | 116% | 85% | 81% | 101% | 56% | 67% | 128% |
Ratios
Standalone / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 68 | 61 | 84 | 97 | 95 | 126 | 89 | 100 |
| Inventory Days | 123 | 186 | 29 | 52 | 139 | 129 | 167 | 55 |
| Days Payable | 72 | 87 | 50 | 58 | 77 | 61 | 54 | 32 |
| Cash Conversion Cycle | 119 | 160 | 63 | 91 | 157 | 194 | 201 | 122 |
| Working Capital Days | 22 | 20 | 27 | 75 | 114 | 129 | 128 | 82 |
| ROCE % | 26% | 55% | 51% | 28% | 25% | 31% | 32% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| CRDMO Revenue Share % |
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| Custom Synthesis Installed Capacity kL |
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| Fermentation Installed Capacity kL |
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| Number of Commercial Molecules count |
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| Number of Late-Phase (Phase 3) Molecules count |
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| Number of Scientific Staff count |
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| Custom Synthesis Capacity Utilization % |
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| Fermentation Capacity Utilization % |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) depository certificate for quarter ended September 30, 2026.
- Closure of Trading Window
-
Settlement Of Upside Sharing Arrangement
- Settlement of upside sharing arrangement; INR 1,276.83 million paid to three principal shareholders after Viridity Tone LLP divestment.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript of Earnings Conference Call held on July 22, 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Concalls
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Jul 2026Transcript PPT REC
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Jul 2026PPT
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
Business Overview:[1]
ABL is a Contract Research, Development,
and Manufacturing Organization with fully integrated operations across the drug discovery, development, and manufacturing value chain. It is among the few companies in India offering capabilities in both New Chemical
Entity (NCE) and New Biological Entity (NBE) programs. The company has developed various platforms such as RNA interference (RNAi),
Antibody-Drug Conjugates (ADCs), peptides, lipids, and oligonucleotides.