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 ₹ 17,015 Cr.
- Current Price ₹ 445
- High / Low ₹ 1,039 / 267
- Stock P/E 89.0
- Book Value ₹ 117
- Dividend Yield 0.00 %
- ROCE 10.4 %
- ROE 7.36 %
- Face Value ₹ 1.00
Pros
- 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 11.0% over last 3 years.
- Promoters have pledged 94.6% of their holding.
- Debtor days have increased from 80.9 to 115 days.
- Working capital days have increased from 136 days to 206 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 | 1,094 | 2,030 | 1,907 | |
| 206 | 449 | 567 | 738 | 739 | 645 | 731 | 1,576 | 1,530 | |
| Operating Profit | 172 | 385 | 443 | 582 | 591 | 406 | 363 | 454 | 377 |
| OPM % | 45% | 46% | 44% | 44% | 44% | 39% | 33% | 22% | 20% |
| 1 | 18 | 14 | 188 | 45 | 57 | 54 | 15 | 22 | |
| Interest | 3 | 22 | 12 | 9 | 13 | 7 | 8 | 22 | 18 |
| Depreciation | 12 | 24 | 32 | 39 | 43 | 55 | 57 | 134 | 137 |
| Profit before tax | 158 | 358 | 414 | 722 | 579 | 400 | 351 | 314 | 245 |
| Tax % | 31% | 24% | 25% | 23% | 25% | 26% | 23% | 27% | |
| 109 | 270 | 309 | 558 | 433 | 296 | 272 | 229 | 178 | |
| EPS in Rs | 10.61 | 12.12 | 21.92 | 16.99 | 11.65 | 10.67 | 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: | -2% |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 11% |
| Last Year: | 7% |
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 | 2,290 | 4,442 |
| 83 | 186 | 143 | 97 | 70 | 65 | 99 | 146 | |
| 123 | 142 | 151 | 187 | 139 | 121 | 174 | 487 | |
| Total Liabilities | 783 | 1,111 | 1,359 | 1,805 | 1,958 | 2,214 | 2,588 | 5,113 |
| 271 | 357 | 441 | 534 | 512 | 670 | 685 | 2,290 | |
| CWIP | 111 | 102 | 96 | 30 | 165 | 179 | 254 | 144 |
| Investments | 7 | 276 | 426 | 600 | 710 | 893 | 1,116 | 1,187 |
| 394 | 376 | 395 | 641 | 571 | 473 | 533 | 1,493 | |
| Total Assets | 783 | 1,111 | 1,359 | 1,805 | 1,958 | 2,214 | 2,588 | 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 | 301 | 390 | |
| -65 | -367 | -258 | -90 | -237 | -362 | -321 | -204 | |
| 26 | 9 | -77 | -156 | -243 | -40 | 21 | -203 | |
| Net Cash Flow | 11 | 1 | -4 | 23 | 13 | -26 | 1 | -18 |
| Free Cash Flow | -6 | 256 | 219 | 195 | 348 | 324 | 162 | 237 |
| CFO/OP | 49% | 116% | 99% | 72% | 108% | 119% | 105% | 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 | 81 | 115 |
| Inventory Days | 556 | 278 | 243 | 259 | 284 | 268 | 188 | 302 |
| Days Payable | 190 | 113 | 100 | 97 | 61 | 49 | 87 | 145 |
| Cash Conversion Cycle | 509 | 217 | 180 | 228 | 253 | 265 | 182 | 272 |
| Working Capital Days | 205 | 64 | 56 | 107 | 99 | 108 | 94 | 206 |
| ROCE % | 46% | 39% | 50% | 34% | 21% | 16% | 10% |
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
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Q1 FY27 earnings call transcript; revenue INR4,223 million, USFDA inspection at Pashamylaram yielded five observations.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q1 FY27 results conference call uploaded on company website.
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Completion Of USFDA Inspection
- USFDA inspection of Hyderabad facility (Jul 27-Aug 5, 2026) ended with five Form 483 observations.
Annual reports
Concalls
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Aug 2026Transcript PPT REC
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Nov 2021TranscriptAI SummaryPPT
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Dec 2020TranscriptPPT
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Oct 2020TranscriptAI SummaryPPT
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Aug 2020Transcript PPT
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Jun 2020TranscriptAI SummaryPPT
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.