Viyash Scientific Ltd
Sequent Scientific is India's leading animal health company, with presence in 5+ continents across 100 countries. Sequent Scientific Limited provides a wide-ranging portfolio of animal health products, including Finished Dose Formulations, APIs, as well as analytical services to the pharmaceutical and life sciences industries.
- Market Cap ₹ 10,830 Cr.
- Current Price ₹ 248
- High / Low ₹ 277 / 166
- Stock P/E 103
- Book Value ₹ 73.0
- Dividend Yield 0.00 %
- ROCE 8.01 %
- ROE 4.84 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 26.1% CAGR over last 5 years
Cons
- Stock is trading at 3.40 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.85% over last 3 years.
- Working capital days have increased from 64.8 days to 135 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 384 | 395 | 91 | 106 | 166 | 227 | 265 | 220 | 223 | 169 | 178 | 1,382 | |
| 330 | 358 | 121 | 124 | 164 | 205 | 230 | 220 | 249 | 195 | 190 | 1,148 | |
| Operating Profit | 54 | 36 | -31 | -18 | 3 | 22 | 35 | -1 | -26 | -27 | -11 | 235 |
| OPM % | 14% | 9% | -34% | -17% | 2% | 10% | 13% | -0% | -12% | -16% | -6% | 17% |
| 57 | 15 | 34 | 432 | 14 | 15 | 17 | 28 | 28 | 40 | 46 | 22 | |
| Interest | 43 | 16 | 0 | 0 | 3 | 5 | 3 | 2 | 3 | 4 | 4 | 16 |
| Depreciation | 25 | 24 | 3 | 4 | 7 | 9 | 9 | 10 | 9 | 9 | 9 | 124 |
| Profit before tax | 43 | 10 | -0 | 409 | 6 | 23 | 41 | 16 | -10 | -0 | 22 | 116 |
| Tax % | 4% | 1% | 0% | 1% | -22% | 6% | 21% | 6% | -38% | -358% | 28% | 35% |
| 41 | 10 | -0 | 406 | 8 | 21 | 32 | 15 | -6 | 1 | 16 | 76 | |
| EPS in Rs | 2.71 | 0.44 | -0.00 | 16.68 | 0.31 | 0.86 | 1.29 | 0.60 | -0.24 | 0.02 | 0.63 | 1.74 |
| Dividend Payout % | 0% | 0% | 0% | 1% | 65% | 0% | 39% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 39% |
| 3 Years: | 84% |
| TTM: | 675% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 26% |
| 3 Years: | 168% |
| TTM: | 513% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | -1% |
| 3 Years: | 50% |
| 1 Year: | 29% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 30 | 48 | 49 | 49 | 49 | 50 | 50 | 50 | 50 | 50 | 50 | 87 |
| Reserves | 126 | 1,158 | 1,209 | 900 | 868 | 837 | 980 | 991 | 1,008 | 1,037 | 1,093 | 3,102 |
| 341 | 49 | 87 | 0 | 44 | 35 | 6 | 17 | 20 | 47 | 46 | 33 | |
| 153 | 94 | 106 | 29 | 57 | 76 | 67 | 66 | 44 | 54 | 34 | 433 | |
| Total Liabilities | 650 | 1,348 | 1,450 | 977 | 1,019 | 997 | 1,102 | 1,124 | 1,123 | 1,188 | 1,222 | 3,655 |
| 201 | 170 | 188 | 24 | 52 | 69 | 66 | 67 | 57 | 43 | 46 | 1,162 | |
| CWIP | 9 | 20 | 32 | 3 | 0 | 4 | 4 | 1 | 2 | 5 | 7 | 55 |
| Investments | 183 | 897 | 891 | 687 | 788 | 758 | 685 | 659 | 633 | 640 | 647 | 977 |
| 257 | 262 | 340 | 264 | 178 | 167 | 347 | 397 | 431 | 500 | 522 | 1,460 | |
| Total Assets | 650 | 1,348 | 1,450 | 977 | 1,019 | 997 | 1,102 | 1,124 | 1,123 | 1,188 | 1,222 | 3,655 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -25 | 100 | -24 | -4 | 74 | 30 | 2 | 9 | 38 | -27 | -1 | 119 | |
| 24 | -359 | -47 | 16 | -114 | -18 | 17 | -4 | -51 | 5 | -0 | -107 | |
| 8 | 247 | 71 | -12 | 40 | -11 | -21 | 7 | 0 | 22 | 1 | -7 | |
| Net Cash Flow | 7 | -12 | 0 | -0 | 0 | 2 | -2 | 12 | -13 | 1 | -1 | 5 |
| Free Cash Flow | 58 | 76 | -69 | -12 | 71 | 25 | -7 | 3 | 29 | -12 | -10 | 50 |
| CFO/OP | -44% | 279% | 74% | 25% | 2,774% | 146% | 54% | -1,481% | -146% | 110% | 39% | 56% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 94 | 68 | 455 | 270 | 94 | 65 | 84 | 87 | 22 | 97 | 141 | 146 |
| Inventory Days | 126 | 94 | 315 | 64 | 98 | 101 | 154 | 228 | 129 | 117 | 87 | 171 |
| Days Payable | 132 | 123 | 352 | 113 | 203 | 208 | 197 | 193 | 99 | 126 | 79 | 182 |
| Cash Conversion Cycle | 88 | 39 | 417 | 221 | -11 | -41 | 41 | 122 | 53 | 88 | 148 | 136 |
| Working Capital Days | -202 | 115 | 541 | 333 | 12 | -6 | 65 | 87 | 22 | -5 | 64 | 135 |
| ROCE % | 24% | 3% | 0% | 35% | 1% | 3% | 5% | 2% | -1% | 1% | 2% | 8% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
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| R&D Expenditure INR Million |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 30 May
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
29 May - Postal ballot on May 19, 2026 for two director appointments and Rs 4 crore CEO incentive.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Filed FY26 secretarial compliance report; disclosed one-day transcript delay and Rs 8.54 lakh penalty for women director vacancy.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 26 May
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Announcement under Regulation 30 (LODR)-Credit Rating
22 May - India Ratings withdrew Viyash Scientific’s ₹350 million bank loan rating; ICRA rating remains AA- Stable.
Annual reports
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Concalls
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May 2026Transcript PPT
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Business segments
The company has 2 business segments: Formulation and API. [1]