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 54.2
- Book Value ₹ 66.6
- Dividend Yield 0.00 %
- ROCE 19.0 %
- ROE 11.0 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 3.72 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 6.14% over last 3 years.
- Working capital days have increased from 70.3 days to 111 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 443 | 606 | 684 | 848 | 1,039 | 1,179 | 1,362 | 1,413 | 1,421 | 1,370 | 1,551 | 3,420 | |
| 425 | 550 | 641 | 765 | 914 | 1,009 | 1,150 | 1,303 | 1,409 | 1,308 | 1,390 | 2,768 | |
| Operating Profit | 18 | 56 | 43 | 83 | 125 | 170 | 212 | 109 | 12 | 61 | 162 | 653 |
| OPM % | 4% | 9% | 6% | 10% | 12% | 14% | 16% | 8% | 1% | 4% | 10% | 19% |
| 48 | 14 | 9 | 436 | 9 | 10 | -0 | 11 | -58 | -6 | 10 | -1 | |
| Interest | 43 | 38 | 28 | 33 | 33 | 36 | 24 | 16 | 36 | 48 | 61 | 69 |
| Depreciation | 32 | 46 | 40 | 41 | 42 | 51 | 51 | 52 | 56 | 62 | 66 | 234 |
| Profit before tax | -8 | -14 | -17 | 444 | 59 | 94 | 137 | 53 | -138 | -55 | 44 | 349 |
| Tax % | 40% | 19% | -3% | 3% | 3% | 13% | 24% | 15% | -11% | -46% | 27% | 36% |
| -12 | -16 | -16 | 431 | 57 | 82 | 104 | 45 | -122 | -30 | 32 | 225 | |
| EPS in Rs | -0.70 | -0.78 | -0.57 | 17.30 | 1.97 | 2.81 | 3.84 | 1.65 | -4.86 | -1.44 | 0.87 | 4.06 |
| Dividend Payout % | 0% | 0% | 0% | 1% | 10% | 0% | 13% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 20% |
| 3 Years: | 34% |
| TTM: | 120% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 15% |
| 3 Years: | 73% |
| TTM: | 816% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | -1% |
| 3 Years: | 50% |
| 1 Year: | 29% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 4% |
| 3 Years: | 6% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 61 | 898 | 928 | 599 | 657 | 637 | 678 | 642 | 649 | 607 | 654 | 2,824 |
| 473 | 312 | 416 | 305 | 325 | 343 | 277 | 365 | 444 | 488 | 481 | 490 | |
| 343 | 265 | 503 | 380 | 346 | 424 | 381 | 378 | 374 | 389 | 412 | 1,228 | |
| Total Liabilities | 908 | 1,523 | 1,896 | 1,332 | 1,378 | 1,454 | 1,386 | 1,435 | 1,517 | 1,534 | 1,598 | 4,628 |
| 474 | 586 | 684 | 476 | 498 | 577 | 536 | 564 | 605 | 592 | 586 | 2,105 | |
| CWIP | 39 | 24 | 33 | 18 | 23 | 13 | 31 | 12 | 55 | 16 | 16 | 69 |
| Investments | 59 | 428 | 428 | 239 | 180 | 171 | 83 | 38 | 0 | 4 | 0 | 0 |
| 336 | 485 | 751 | 599 | 677 | 693 | 737 | 821 | 856 | 922 | 996 | 2,455 | |
| Total Assets | 908 | 1,523 | 1,896 | 1,332 | 1,378 | 1,454 | 1,386 | 1,435 | 1,517 | 1,534 | 1,598 | 4,628 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -24 | -0 | -7 | 45 | 116 | 115 | 115 | 31 | 17 | 31 | 83 | 323 | |
| -157 | -310 | -116 | 7 | -68 | -72 | 10 | -94 | -65 | -6 | -25 | -84 | |
| 179 | 309 | 147 | -57 | -20 | -43 | -139 | 67 | 32 | -1 | -61 | -123 | |
| Net Cash Flow | -1 | -2 | 24 | -5 | 28 | 0 | -14 | 4 | -16 | 23 | -2 | 115 |
| Free Cash Flow | -137 | -63 | -82 | 0 | 92 | 75 | 70 | -1 | -58 | 19 | 54 | 225 |
| CFO/OP | -143% | -3% | 5% | 65% | 92% | 75% | 75% | 52% | 263% | 73% | 69% | 59% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 95 | 116 | 136 | 111 | 98 | 99 | 93 | 85 | 88 | 89 | 85 | 112 |
| Inventory Days | 153 | 164 | 165 | 125 | 134 | 132 | 139 | 160 | 152 | 166 | 173 | 188 |
| Days Payable | 147 | 175 | 208 | 127 | 141 | 133 | 119 | 119 | 107 | 121 | 115 | 140 |
| Cash Conversion Cycle | 101 | 105 | 93 | 110 | 92 | 98 | 112 | 126 | 132 | 135 | 143 | 160 |
| Working Capital Days | -111 | 65 | -25 | 20 | 33 | 29 | 51 | 54 | 46 | 30 | 70 | 111 |
| ROCE % | 8% | 2% | 1% | 40% | 9% | 12% | 16% | 6% | -3% | 0% | 8% | 19% |
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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| Number of Commercial APIs Number |
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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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Business segments
The company has 2 business segments: Formulation and API. [1]