On 6 Nov 2026, Cohance Lifesciences was priced at ₹433.55, or 364.3× trailing earnings, against an industry P/E of 28.7×, and the shares are 39% below their 52-week high. Sales grew 18% a year over 3 years while net profit fell 24%; its ROCE of 4.8% is the lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers. It carries very little debt. It is a small-cap company with a market cap of ₹16,589 Cr, ranked 27th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares fell 40% over the past year.
- ₹440.00
- ₹443.65
- ₹425.00
- ₹449.00
- 7.9 L
Health check
- ReturnsBehind
−39.5% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 364.3 vs industry 28.7.
- GrowthSteady
Sales +18.3%, profit −24.2% a year over 3 years.
- ProfitabilityWeak
ROCE 4.8% vs peer median 17.9%.
- Balance sheetSolid
Debt 0.10× equity, interest covered 7.0×, Piotroski 6 of 9.
- Red flags5 to check
Return on equity is low at 4.7%.
Small cap
Defensive
Key metrics
- Market cap
- ₹16,589 Cr
- Small cap
- P/E
- 364.3
- Industry 28.7
- Price to book
- 4.25
- Peers 4.99
- Dividend yield
- 0.00%
- ROE
- 4.7%
- Peers 14.7%
- ROCE
- 4.8%
- Peers 17.9%
- Debt to equity
- 0.10
- Debt ₹400 Cr
- EPS (TTM)
- ₹1.19
- Face value ₹1
- OPM (TTM)
- 13.9%
- Net margin 5.0%
- Sales growth
- −23.1%
- Latest quarter vs a year ago
- Profit growth
- −149.3%
- Latest quarter vs a year ago
- Price to sales
- 7.75
- EV/EBITDA 53.0
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 4.7%.
- Quarterly profit down 149.3% on a year ago.
- Quarterly sales down 23.1% on a year ago.
- P/E of 364.3 against an industry P/E of 28.7.
- 39% below its 52-week high.
About Cohance Lifesciences
Cohance Lifesciences Limited engages in the contract research, development, and manufacturing of new chemical entity (NCE) based intermediates, active pharmaceutical ingredients (API), specialty chemicals, and formulated drugs in India, the United States, Europe, and internationally. The company offers small molecule APIs, advanced intermediates, and starting materials; antibody drug conjugates; high-purity oligonucleotide building blocks comprising…
- Headquarters
- Hyderabad
- Sector
- Healthcare
- ISIN
- INE03QK01018
- Website
- cohance.com
Price range
- Avg volume (3M)
- 10.7 L
- 1-year return
- minus 39.5%
- From 52-week high
- minus 39.4%
Analyst consensus
Peers · Drug Manufacturers - Specialty & Generic
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMASun Pharmaceutical Industries | 1,860.00 | plus 1.69% | 4,46,276 | 40.7 | 4.99 | 17.9% | 13.1% | 28.2% | 10.4% | 10.6% | 0.86% | plus 8.2% |
| DIVISLABDivi's Laboratories | 10,320.50 | plus 1.78% | 2,73,977 | 93.6 | 16.35 | 19.0% | 16.2% | 34.9% | 11.0% | 12.1% | 0.29% | plus 49.0% |
| TORNTPHARMTorrent Pharmaceuticals | 4,750.00 | plus 0.85% | 1,80,675 | 80.2 | 9.83 | 9.1% | 15.7% | 33.7% | 13.3% | 20.2% | 0.80% | plus 31.7% |
| LAURUSLABSLaurus Labs | 2,340.00 | minus 0.26% | 1,26,433 | 94.4 | 20.86 | 19.5% | 24.0% | 30.4% | 3.8% | 4.0% | 0.09% | plus 138.6% |
| ZYDUSLIFEZydus Lifesciences | 1,197.90 | plus 0.41% | 1,19,491 | 28.6 | 4.29 | 19.0% | 14.7% | 26.2% | 16.5% | 37.0% | 0.08% | plus 22.8% |
| DRREDDYDr. Reddy's Laboratories | 1,373.00 | plus 0.51% | 1,14,462 | 40.9 | 2.96 | 14.2% | 7.3% | 15.9% | 11.0% | −1.7% | 0.58% | plus 13.8% |
| CIPLACipla | 1,411.00 | plus 0.49% | 1,13,993 | 39.4 | 3.22 | 14.9% | 8.3% | 17.3% | 7.2% | 11.5% | 0.92% | minus 6.6% |
| COHANCECohance Lifesciences | 433.55 | minus 3.44% | 16,589 | 364.3 | 4.25 | 4.8% | 4.7% | 13.9% | 18.3% | −24.2% | 0.00% | minus 39.5% |
| Median of 7 peers | – | 0.51% | 1,26,433 | 40.9 | 4.99 | 17.9% | 14.7% | 28.2% | 11.0% | 11.5% | 0.58% | 22.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 549 | 556 | 545 | 619 | 422 | |
| 437 | 435 | 449 | 539 | 421 | |
| 112 | 121 | 95.4 | 80.3 | 1.2 | |
| 20.4% | 21.8% | 17.5% | 13.0% | 0.3% | |
| 14.2 | 15.6 | 6.2 | 16.5 | 12.3 | |
| 10.2 | 8.8 | 9.1 | 9.2 | 6.7 | |
| 45.1 | 44 | 46.9 | 51.2 | 49.5 | |
| −8.1 | – | −4.9 | −16.5 | – | |
| 62.8 | 83.8 | 40.6 | 19.9 | −42.9 | |
| 26.1% | 20.7% | 28.5% | 58.3% | −5.4% | |
| 48.9 | 74.1 | 36.7 | 19.6 | −24.1 | |
| 1.27 | 1.92 | 0.96 | 0.50 | -0.65 |
Profit & loss
- Sales CAGR 3Y
- +18.3%
- Profit CAGR 3Y
- −24.2%
- EPS CAGR 3Y
- −33.8%
- ROE
- 4.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,331 | 1,034 | 2,526 | 2,204 | |
| – | minus 22.3% | +144.3% | minus 12.8% | |
| 758 | 625 | 1,696 | 1,769 | |
| 573 | 409 | 830 | 435 | |
| 43.0% | 39.6% | 32.9% | 19.7% | |
| 28.2 | 16.5 | 20.1 | 10.5 | |
| 12.8 | 7 | 38 | 34.6 | |
| 46.5 | 54.6 | 167 | 187 | |
| 18 | 41.7 | −3 | −16.2 | |
| 560 | 406 | 643 | 207 | |
| 26.5% | 26.0% | 24.6% | 27.5% | |
| 411 | 300 | 487 | 179 | |
| – | minus 27.0% | +62.3% | minus 63.2% | |
| 16.16 | 11.80 | 12.68 | 4.68 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25.5 | 25.5 | 25.5 | 38.3 | |
| 1,710 | 2,025 | 3,623 | 3,873 | |
| 70.3 | 65 | 486 | 400 | |
| 160 | 139 | 1,346 | 1,418 | |
| 1,966 | 2,255 | 5,481 | 5,730 | |
| 769 | 788 | 2,103 | 2,170 | |
| 168 | 181 | 338 | 180 | |
| 117 | 131 | 146 | 268 | |
| 484 | 821 | 298 | 320 | |
| 427 | 334 | 2,596 | 2,792 | |
| 1,966 | 2,255 | 5,481 | 5,730 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 457 | 385 | 673 | 368 | |
| −195 | −362 | −390 | −255 | |
| −242 | −40 | −327 | −165 | |
| 20.2 | −17.6 | −43.8 | −51.4 | |
| −286 | −51.9 | −317 | −220 | |
| 171 | 333 | 357 | 148 | |
| −204 | – | – | – |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 22.3% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.