Cohance Lifesciences Ltd
Cohance Lifesciences is a Hyderabad-based CDMO operating across pharmaceutical development, manufacturing, APIs, formulations and specialty chemicals. The company states that it features among the Top 20 CDMOs globally; its Pharma CDMO business works with 19 of the top 20 global innovators, while the API portfolio ranks among the top three suppliers in 8 of its top 10 molecules.[1][2]
- Market Cap ₹ 17,571 Cr.
- Current Price ₹ 459
- High / Low ₹ 918 / 267
- Stock P/E 91.9
- Book Value ₹ 117
- Dividend Yield 0.00 %
- ROCE 7.91 %
- ROE 5.70 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.1% over last 3 years.
- Promoters have pledged 94.6% of their holding.
- Debtor days have increased from 89.4 to 115 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 5m | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 378 | 834 | 1,010 | 1,320 | 1,330 | 1,051 | 2,504 | 2,030 | 1,907 | |
| 206 | 449 | 567 | 738 | 739 | 645 | 1,720 | 1,576 | 1,530 | |
| Operating Profit | 172 | 385 | 443 | 582 | 591 | 406 | 784 | 454 | 377 |
| OPM % | 45% | 46% | 44% | 44% | 44% | 39% | 31% | 22% | 20% |
| 1 | 18 | 14 | 188 | 45 | 57 | 49 | 15 | 22 | |
| Interest | 3 | 22 | 12 | 9 | 13 | 7 | 37 | 22 | 18 |
| Depreciation | 12 | 24 | 32 | 39 | 43 | 55 | 147 | 134 | 137 |
| Profit before tax | 158 | 358 | 414 | 722 | 579 | 400 | 650 | 314 | 245 |
| Tax % | 31% | 24% | 25% | 23% | 25% | 26% | 24% | 27% | |
| 109 | 270 | 309 | 558 | 433 | 296 | 491 | 229 | 178 | |
| EPS in Rs | 10.61 | 12.12 | 21.92 | 16.99 | 11.65 | 19.29 | 5.98 | 4.64 | |
| Dividend Payout % | 0% | 24% | 16% | 23% | 35% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 15% |
| TTM: | -24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | -16% |
| TTM: | -61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -5% |
| 1 Year: | -47% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 11% |
| Last Year: | 6% |
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 | 0.00 | 13 | 25 | 25 | 25 | 25 | 25 | 38 |
| Reserves | 578 | 770 | 1,040 | 1,495 | 1,724 | 2,003 | 4,242 | 4,442 |
| 83 | 186 | 143 | 97 | 70 | 65 | 306 | 146 | |
| 123 | 142 | 151 | 187 | 139 | 121 | 464 | 487 | |
| Total Liabilities | 783 | 1,111 | 1,359 | 1,805 | 1,958 | 2,214 | 5,037 | 5,113 |
| 271 | 357 | 441 | 534 | 512 | 670 | 2,079 | 2,288 | |
| CWIP | 111 | 102 | 96 | 30 | 165 | 179 | 333 | 146 |
| Investments | 7 | 276 | 426 | 600 | 710 | 893 | 1,117 | 1,187 |
| 394 | 376 | 395 | 641 | 571 | 473 | 1,509 | 1,493 | |
| Total Assets | 783 | 1,111 | 1,359 | 1,805 | 1,958 | 2,214 | 5,037 | 5,113 |
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 | |
|---|---|---|---|---|---|---|---|---|
| 50 | 359 | 330 | 270 | 493 | 376 | 686 | 390 | |
| -65 | -367 | -258 | -90 | -237 | -362 | -455 | -204 | |
| 26 | 9 | -77 | -156 | -243 | -40 | -310 | -203 | |
| Net Cash Flow | 11 | 1 | -4 | 23 | 13 | -26 | -79 | -18 |
| Free Cash Flow | -6 | 256 | 219 | 195 | 348 | 324 | 386 | 237 |
| CFO/OP | 49% | 116% | 99% | 72% | 108% | 119% | 110% | 100% |
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 | 142 | 51 | 37 | 65 | 30 | 46 | 106 | 115 |
| Inventory Days | 556 | 278 | 243 | 259 | 284 | 268 | 205 | 302 |
| Days Payable | 190 | 113 | 100 | 97 | 61 | 49 | 117 | 145 |
| Cash Conversion Cycle | 509 | 217 | 180 | 228 | 253 | 265 | 195 | 272 |
| Working Capital Days | 205 | 64 | 56 | 107 | 99 | 108 | 121 | 159 |
| ROCE % | 46% | 39% | 50% | 34% | 21% | 21% | 8% |
Insights
In beta| Nov 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Commercial Patented Molecules (Pharma CDMO) count |
|
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| Phase III Pipeline Molecules (Pharma CDMO) count |
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| R&D Scientists count |
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| Top 3 Position in API Portfolio (out of top molecules) count |
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| Niche Technology Revenue Share (ADC, Oligo, Peptides) % of revenue |
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| Phase III Pipeline Intermediates (Pharma CDMO) count |
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| USFDA / Regulatory Audited Manufacturing Sites count |
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| API+ DMF / CEP Filings (Annual) count |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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General Upadte
- USFDA inspected Jaggaiahpet API facility from 14-19 Sep 2026; issued Form 483 with five observations.
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General Update
- Cohance remitted USD 10 million to subscribe 188,680 CCPS in subsidiary NJ Bio Inc.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Nov 2025Transcript
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Jan 2025PPT
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Dec 2024Transcript PPT
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Dec 2024Transcript PPT REC
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Nov 2024PPT
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Aug 2024Transcript PPT REC
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Jun 2024Transcript PPT
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Jun 2024Transcript PPT
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Mar 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2024PPT
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Nov 2023Transcript PPT
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Nov 2023PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript
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Dec 2022Transcript
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Nov 2022Transcript
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Aug 2022Transcript PPT
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Jun 2022Transcript
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May 2022Transcript PPT
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May 2022PPT
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Feb 2022PPT
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Nov 2021PPT
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Aug 2021PPT
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Jun 2021Transcript PPT
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Feb 2021Transcript PPT
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Dec 2020Transcript
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Oct 2020PPT
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Aug 2020Transcript PPT
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Jun 2020PPT
Rebranding:
Cohance Lifesciences Limited is the new identity of erstwhile Suven Pharmaceuticals Limited. In 2025, the group consolidated its CDMO capabilities under the Cohance Lifesciences.