Tyche Industries (BSE: TYCHE) had a P/E of 24.2× on 6 Nov 2026, below the industry P/E of 28.7×, and the shares are 30% below their 52-week high. Sales and net profit fell 11% and 21% a year over 3 years; its ROCE of 6.7% is the lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers, though net profit is above operating profit, which points to a one-off gain. Its dividend yield is 3.4%. It is a small-cap company with a market cap of ₹106 Cr, ranked 118th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares fell 22% over the past year.
- ₹106.00
- ₹108.75
- ₹101.62
- ₹105.07
- 2.2K
Health check
- ReturnsBehind
−21.6% over a year, better than 0 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthShrinking
Sales −10.7%, profit −21.2% a year over 3 years.
- ProfitabilityWeak
ROCE 6.7% vs peer median 17.9%.
- Balance sheetFair
Piotroski 4 of 9.
- Red flags5 to check
Return on equity is low at 5.0%.
Small cap
Defensive
Key metrics
- Market cap
- ₹106 Cr
- Small cap
- P/E
- 24.2
- Industry 28.7
- Price to book
- 0.81
- Peers 4.99
- Dividend yield
- 3.38%
- ROE
- 5.0%
- Peers 14.7%
- ROCE
- 6.7%
- Peers 17.9%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹4.28
- OPM (TTM)
- −2.8%
- Net margin 8.9%
- Sales growth
- −28.4%
- Latest quarter vs a year ago
- Profit growth
- −101.7%
- Latest quarter vs a year ago
- Price to sales
- 2.12
- EV/EBITDA −20.9
Strengths and risks
Strengths
- Dividend yield of 3.38%.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 5.0%.
- Quarterly profit down 101.7% on a year ago.
- Quarterly sales down 28.4% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 30% below its 52-week high.
About Tyche Industries
Tyche Industries Limited manufactures and sells active pharmaceutical ingredients and intermediates in India. The company also provides chiral intermediates and nutraceuticals ingredients; and contract drug substance and analytical development, as well as contract development and manufacturing organization services. It primarily exports its products to the United States, Europe, and internationally. Tyche Industries Limited was incorporated in 1998 and is…
- Headquarters
- Hyderabad
- Employees
- 167
- Sector
- Healthcare
- ISIN
- INE443B01012
- Website
- tycheindustries.net
Price range
- Avg volume (3M)
- 6.6K
- 1-year return
- minus 21.6%
- From 52-week high
- minus 30.0%
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% |
| TYCHETyche Industries | 103.54 | minus 1.46% | 106 | 24.2 | 0.81 | 6.7% | 5.0% | −2.8% | −10.7% | −21.2% | 3.38% | minus 21.6% |
| 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 |
|---|---|---|---|---|---|
| 12.7 | 14.2 | 10.6 | 16.2 | 9.1 | |
| 10.8 | 14.3 | 9.5 | 16.9 | 10.8 | |
| 1.9 | −0.1 | 1.1 | −0.7 | −1.7 | |
| 15.3% | −0.9% | 10.3% | −4.1% | −18.6% | |
| 1.8 | 2.6 | 1.9 | 3 | 2.3 | |
| 0 | – | – | 0 | – | |
| 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | |
| 3.3 | 2 | 2.5 | 1.7 | −0.1 | |
| 25.4% | 25.7% | 25.9% | 32.0% | 22.6% | |
| 2.4 | 1.5 | 1.8 | 1.2 | −0 | |
| 2.37 | 1.49 | 1.78 | 1.05 | -0.04 |
Profit & loss
- Sales CAGR 3Y
- −10.7%
- Profit CAGR 3Y
- −21.2%
- EPS CAGR 3Y
- −21.2%
- ROE
- 5.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 75.4 | 69.5 | 65.5 | 53.6 | |
| – | minus 7.8% | minus 5.8% | minus 18.1% | |
| 59 | 56.7 | 53.5 | 50.9 | |
| 16.4 | 12.8 | 12 | 2.8 | |
| 21.7% | 18.4% | 18.4% | 5.2% | |
| 4.6 | 5.7 | 6.7 | 8.5 | |
| 1.8 | 1.9 | 2 | 2 | |
| −0.1 | 0 | 0 | 0.2 | |
| 19.1 | 16.6 | 16.7 | 9.5 | |
| 25.7% | 26.4% | 25.8% | 26.7% | |
| 14.2 | 12.2 | 12.4 | 6.9 | |
| – | minus 13.6% | +1.3% | minus 44.1% | |
| 13.83 | 11.78 | 12.11 | 6.77 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.2 | 10.2 | 10.2 | 10.2 | |
| 107 | 116 | 126 | 130 | |
| 20 | 7.9 | 10.7 | 7.6 | |
| 137 | 135 | 147 | 148 | |
| 16.6 | 17.9 | 16.6 | 18.9 | |
| – | – | 0.2 | – | |
| 5.1 | 2.9 | 8.9 | 20.1 | |
| 69.3 | 75.8 | 81.2 | 71.9 | |
| 45.8 | 38.1 | 40.5 | 37.1 | |
| 137 | 135 | 147 | 148 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.4 | 7.7 | 8.5 | 2.9 | |
| −3.1 | 3.9 | −0.6 | −8.9 | |
| −1.5 | −2 | −2.6 | −3.1 | |
| 1.8 | 9.6 | 5.4 | −9.2 | |
| −1.8 | −3.2 | −0.7 | −4.3 | |
| 4.7 | 4.5 | 7.8 | −1.4 | |
| −1.5 | −2 | −2.6 | −3.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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