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 ₹ 42,642 Cr.
- Current Price ₹ 757
- High / Low ₹ 874 / 579
- Stock P/E 62.1
- Book Value ₹ 56.7
- Dividend Yield 0.27 %
- 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 13.4 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.
Peer comparison
Healthcare Healthcare Pharmaceuticals & Biotechnology Biotechnology
Part of BSE 500 BSE Healthcare Nifty 500 BSE IPO BSE 250 SmallCap Index
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 | |
|---|---|---|---|---|---|---|---|---|
| 626 | 633 | 1,103 | 1,231 | 1,057 | 1,418 | 1,841 | 2,089 | |
| 454 | 451 | 695 | 666 | 626 | 912 | 1,151 | 1,238 | |
| Operating Profit | 172 | 182 | 408 | 566 | 431 | 505 | 690 | 851 |
| OPM % | 27% | 29% | 37% | 46% | 41% | 36% | 37% | 41% |
| 21 | 21 | 37 | 49 | 139 | 70 | 109 | 158 | |
| Interest | 18 | 20 | 17 | 10 | 9 | 9 | 9 | 7 |
| Depreciation | 61 | 62 | 62 | 58 | 64 | 81 | 78 | 100 |
| Profit before tax | 114 | 121 | 366 | 547 | 498 | 485 | 711 | 903 |
| Tax % | 32% | 23% | 26% | 26% | 23% | 23% | 29% | 26% |
| 77 | 93 | 271 | 406 | 386 | 375 | 506 | 671 | |
| EPS in Rs | 91.97 | 110.62 | 319.77 | 462.60 | 6.76 | 6.70 | 9.05 | 11.94 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 26% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 26% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| 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/OP | 114% | 116% | 85% | 81% | 101% | 56% | 67% | 128% |
Ratios
Standalone Figures in Rs. Crores / 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 | |
|---|---|---|---|---|
| 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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| CRDMO Revenue Share % |
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| Custom Synthesis Capacity Utilization % |
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| Fermentation Capacity Utilization % |
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Extracted by Screener AI
Documents
Announcements
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Letter To Shareholders
1d - Letters sent to shareholders without registered emails for FY 2025–26 annual report and July 22, 2026 AGM.
-
Announcement under Regulation 30 (LODR)-Credit Rating
3 Jul - ICRA upgraded Anthem Biosciences’ ratings to AA (Stable) for Rs 275.5 crore bank facilities.
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Announcement Under Regulation 30 (LODR)- Newspaper Publication
1 Jul - Newspaper advertisement regarding the completion of dispatch of notice of the 20th Annual General Meeting of the Company
- Reg. 34 (1) Annual Report. 30 Jun
-
Reg. 34 (1) Annual Report.
30 Jun - Anthem Biosciences filed FY26 annual report and announced 20th AGM on July 22, 2026.
Concalls
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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.