As of 6 Nov 2026, Anthem Biosciences trades at 84.6× trailing earnings, above the industry P/E of 49.1×. Sales and net profit grew 26% and 15% a year over 3 years; its ROCE of 27% is the highest among the 7 largest Biotechnology peers. It carries very little debt, and its dividend yield is 0.2%. It is a mid-cap company with a market cap of ₹51,594 Cr, ranked 2nd of 20 Biotechnology companies by market cap; the shares rose 30% over the past year.
- ₹909.95
- ₹922.00
- ₹899.10
- ₹913.55
- 5 L
Health check
- ReturnsAhead
+30.1% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 84.6 vs industry 49.1.
- GrowthSteady
Sales +26.2%, profit +15.4% a year over 3 years.
- ProfitabilityStrong
ROCE 26.8% vs peer median 2.8%.
- Balance sheetSolid
Practically debt-free, Piotroski 8 of 9.
- Red flags2 to check
P/E of 84.6 against an industry P/E of 49.1.
Mid cap
Market sensitivity
Key metrics
- Market cap
- ₹51,594 Cr
- Mid cap
- P/E
- 84.6
- Industry 49.1
- Price to book
- 15.74
- Peers 4.52
- Dividend yield
- 0.22%
- ROE
- 20.4%
- Peers 1.6%
- ROCE
- 26.8%
- Peers 2.8%
- Debt to equity
- 0.01
- Debt ₹41 Cr
- EPS (TTM)
- ₹10.82
- Face value ₹2
- OPM (TTM)
- 41.4%
- Net margin 29.7%
- Sales growth
- +8.0%
- Latest quarter vs a year ago
- Profit growth
- +21.9%
- Latest quarter vs a year ago
- Price to sales
- 25.00
- EV/EBITDA 58.9
Strengths and risks
Strengths
- Return on equity of 20.4%.
- Return on capital employed of 26.8%.
- Practically debt-free.
- Quarterly profit up 21.9% on a year ago.
- Net margin of 29.7%.
Risks to check
- P/E of 84.6 against an industry P/E of 49.1.
- Promoter stake down from 74.7% to 71.4%.
About Anthem Biosciences
Anthem Biosciences Limited operates as a contract research, development, and manufacturing organization in India, rest of Asia, North America, Europe, and internationally. It operates in two segments: Contract Manufacturing, Development & Discovery Services; and Speciality Ingredients. The company offers contract research development and manufacturing services, such as end-to-end services across the new chemical entity and new biological entity…
- Headquarters
- Bengaluru
- Employees
- 2,282
- Sector
- Healthcare
- ISIN
- INE0CZ201020
- Website
- anthembio.com
Price range
- Avg volume (3M)
- 6.8 L
- 1-year return
- plus 30.1%
- From 52-week high
- minus 6.3%
Analyst consensus
Peers · Biotechnology
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BIOCONBiocon | 365.10 | plus 0.86% | 59,794 | 122.5 | 1.73 | 2.8% | 1.0% | 19.4% | 15.3% | −5.9% | 0.14% | minus 4.9% |
| ANTHEMAnthem Biosciences | 915.55 | plus 0.22% | 51,594 | 84.6 | 15.74 | 26.8% | 20.4% | 41.4% | 26.2% | 15.4% | 0.22% | plus 30.1% |
| ONESOURCEOnesource Specialty Pharma | 1,599.80 | plus 1.13% | 18,346 | – | 3.10 | 0.3% | 0.0% | 23.5% | 232.3% | – | 0.00% | minus 13.7% |
| CONCORDBIOConcord Biotech | 632.60 | minus 5.96% | 13,236 | 47.4 | 6.48 | 16.7% | 14.3% | 34.5% | 8.0% | 2.8% | 0.60% | minus 7.5% |
| BLUEJETBlue Jet Healthcare | 553.80 | minus 3.91% | 9,607 | 34.5 | 4.52 | 24.0% | 19.9% | 31.4% | 9.4% | 15.7% | 0.22% | minus 5.0% |
| SUPRIYASupriya Lifescience | 695.80 | minus 19.99% | 5,600 | 28.2 | 4.68 | 22.3% | 19.1% | 21.4% | 21.2% | 32.5% | 0.14% | plus 9.2% |
| ZOTAZota Health Care | 1,231.10 | plus 1.01% | 4,264 | – | 6.82 | −7.3% | −24.1% | 0.1% | 56.7% | – | 0.08% | minus 21.9% |
| DCALDishman Carbogen Amcis | 156.64 | minus 0.56% | 2,456 | 152.1 | 0.37 | 2.7% | 1.6% | 16.1% | 7.5% | – | 0.00% | minus 47.1% |
| Median of 7 peers | – | −0.56% | 9,607 | 47.4 | 4.52 | 2.8% | 1.6% | 21.4% | 15.3% | 9.3% | 0.14% | −7.5% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 550 | 423 | 611 | 418 | 594 | |
| 332 | 266 | 344 | 268 | 323 | |
| 218 | 157 | 267 | 151 | 271 | |
| 39.6% | 37.1% | 43.7% | 36.0% | 45.7% | |
| 48.2 | 33.5 | 51.2 | 24.9 | 58.9 | |
| 3 | 0.4 | 1.9 | 0.9 | 3.3 | |
| 33.5 | 34.5 | 39.6 | 30 | 30.7 | |
| – | −25.4 | 1 | – | – | |
| 230 | 130 | 278 | 145 | 296 | |
| 24.5% | 28.9% | 31.7% | 17.0% | 28.6% | |
| 173 | 92.8 | 190 | 120 | 211 | |
| 3.06 | 1.64 | 3.34 | 2.11 | 3.72 |
Profit & loss
- Sales CAGR 3Y
- +26.2%
- Profit CAGR 3Y
- +15.4%
- EPS CAGR 3Y
- +15.0%
- ROE
- 20.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,057 | 1,419 | 1,845 | 2,124 | |
| – | +34.3% | +30.0% | +15.2% | |
| 621 | 913 | 1,163 | 1,285 | |
| 435 | 506 | 682 | 839 | |
| 41.2% | 35.7% | 36.9% | 39.5% | |
| 65.1 | 55.3 | 71.8 | 140 | |
| 8.2 | 9.3 | 10 | 6.5 | |
| 63.8 | 81.8 | 89.4 | 134 | |
| 68.7 | 6.6 | 2.9 | −14.9 | |
| 497 | 477 | 657 | 824 | |
| 22.5% | 23.0% | 31.3% | 28.2% | |
| 385 | 367 | 451 | 592 | |
| – | minus 4.6% | +22.9% | +31.1% | |
| 6.86 | 6.54 | 8.04 | 10.43 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 114 | 112 | 112 | 112 | |
| 1,627 | 1,813 | 2,298 | 2,930 | |
| 126 | 239 | 113 | 53.9 | |
| 148 | 235 | 284 | 333 | |
| 2,014 | 2,398 | 2,808 | 3,429 | |
| 634 | 838 | 1,007 | 1,066 | |
| 195 | 361 | 306 | 284 | |
| 6.2 | 12.6 | 265 | 500 | |
| 835 | 643 | 484 | 938 | |
| 344 | 543 | 745 | 640 | |
| 2,014 | 2,398 | 2,808 | 3,429 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 306 | 140 | 271 | 844 | |
| −376 | −221 | −147 | −702 | |
| 64 | −77.2 | −136 | −40 | |
| −6.1 | −158 | −11.7 | 103 | |
| −195 | −297 | −261 | −211 | |
| 111 | −157 | 9.3 | 633 |
Shareholding pattern
- Promoters71.40%
- Public28.60%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 71.40% | 28.60% | minus 0.02 | |
| 30 Jun 2026 | 71.42% | 28.58% | minus 3.26 | |
| 31 Mar 2026 | 74.68% | 25.32% | minus 0.01 | |
| 31 Dec 2025 | 74.69% | 25.31% | 0.00 | |
| 30 Sep 2025 | 74.69% | 25.31% | – |
Major shareholders
Filings & events
News
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