Sai Life Sciences Ltd
Incorporated in 1999, Sai Life Sciences
Ltd carries out contract research and manufacturing activities for customers
engaged in pharmaceutical and bio
technology industries[1]
- Market Cap ₹ 19,342 Cr.
- Current Price ₹ 916
- High / Low ₹ 984 / 635
- Stock P/E 57.7
- Book Value ₹ 109
- Dividend Yield 0.00 %
- ROCE 14.1 %
- ROE 11.0 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
Cons
- Stock is trading at 8.20 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 8.54% over last 3 years.
- Working capital days have increased from 43.4 days to 68.8 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.
Peer comparison
Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals
Part of BSE 500 BSE Healthcare Nifty 500 BSE Allcap 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 695 | 725 | 751 | 841 | 1,157 | 1,419 | 1,642 | 2,126 | |
| 520 | 556 | 587 | 716 | 990 | 1,131 | 1,248 | 1,540 | |
| Operating Profit | 175 | 170 | 164 | 125 | 167 | 288 | 394 | 586 |
| OPM % | 25% | 23% | 22% | 15% | 14% | 20% | 24% | 28% |
| 6 | 18 | 27 | 28 | 27 | 29 | 36 | 35 | |
| Interest | 24 | 21 | 32 | 51 | 74 | 81 | 72 | 36 |
| Depreciation | 44 | 52 | 72 | 80 | 88 | 107 | 126 | 145 |
| Profit before tax | 112 | 114 | 88 | 22 | 33 | 129 | 232 | 440 |
| Tax % | 35% | 30% | 25% | 30% | 26% | 26% | 25% | |
| 73 | 80 | 65 | 16 | 24 | 95 | 173 | 329 | |
| EPS in Rs | 8.32 | 15.69 | ||||||
| Dividend Payout % | 0% | 0% | 0% | 444% | 279% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 25% |
| TTM: | 41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 242% |
| TTM: | 131% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 9% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 18 | 18 | 18 | 18 | 21 | 21 |
| Reserves | 700 | 778 | 850 | 873 | 895 | 993 | 2,147 | 2,282 |
| 250 | 304 | 637 | 752 | 869 | 868 | 287 | 354 | |
| 246 | 291 | 312 | 464 | 349 | 361 | 682 | 644 | |
| Total Liabilities | 1,212 | 1,389 | 1,816 | 2,106 | 2,131 | 2,240 | 3,137 | 3,301 |
| 373 | 617 | 659 | 701 | 923 | 1,074 | 1,378 | 1,512 | |
| CWIP | 116 | 79 | 236 | 345 | 151 | 107 | 124 | 115 |
| Investments | 0 | 22 | 63 | 64 | 80 | 80 | 114 | 114 |
| 722 | 671 | 858 | 996 | 977 | 979 | 1,521 | 1,559 | |
| Total Assets | 1,212 | 1,389 | 1,816 | 2,106 | 2,131 | 2,240 | 3,137 | 3,301 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 127 | 109 | -26 | 88 | 221 | 251 | 330 | |
| -158 | -259 | -279 | -95 | -111 | -190 | -565 | |
| 268 | -1 | 304 | 81 | -190 | -85 | 314 | |
| Net Cash Flow | 237 | -152 | -2 | 75 | -80 | -24 | 80 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 123 | 136 | 98 | 103 | 87 | 67 | 78 |
| Inventory Days | 86 | 77 | 124 | 185 | 123 | 73 | 96 |
| Days Payable | 208 | 247 | 244 | 284 | 176 | 114 | 270 |
| Cash Conversion Cycle | 0 | -34 | -21 | 4 | 35 | 25 | -96 |
| Working Capital Days | 55 | 32 | 60 | 49 | 42 | 20 | 69 |
| ROCE % | 13% | 9% | 4% | 6% | 11% | 14% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
11h - CRISIL monitoring report for quarter ended Dec 31, 2025: IPO proceeds Rs9,500m utilized as disclosed.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Publication for the Unaudited Financial Results for the quarter and nine months ended on 31 December 2025.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Feb - Sai Life uploaded earnings-call recording for quarter and nine months ended 31 Dec 2025 (held 6 Feb 2026).
-
Announcement under Regulation 30 (LODR)-Investor Presentation
6 Feb - Investor Presentation for the third quarter and nine months ended on 31 December, 2025.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Feb - Q3FY26 revenue ₹556Cr; 9MFY26 ₹1,590Cr; PAT ₹100Cr Q3, ₹245Cr 9M; capex ₹405Cr; earnings call Feb 6.
Concalls
-
Feb 2026TranscriptAI SummaryPPT
-
Nov 2025Transcript PPT REC
-
Aug 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Feb 2025TranscriptAI SummaryPPT REC
Business Profile[1]
Sai Life Sciences is an integrated CRDMO (Contract Research, Development and Manufacturing Organization) delivering end-to-end services across the pharmaceutical lifecycle from early drug discovery to commercial manufacturing.