C

Cohance Lifesciences Limited

COHANCENSE
Market snapshot · 2026-08-11 11:15 UTC

463.95

+₹16.95 (+3.79%)

MARKET CAP

₹17.75K Cr

STOCK P/E

167.5x

52W HIGH

₹1,038.90

52W LOW

₹266.70

BOOK VALUE

₹102.03

EPS

₹2.77

ROE

SECTOR

Health Care

DEBT/EQUITY

9.93

VOLUME

22.68L

P/B RATIO

4.55x

PEG RATIO

-1.73

Sector

Health Care

Themes

Pharmaceuticals
E
Earnings
₹980.40₹805.28₹630.15₹455.03₹279.90VolumeEEEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Cohance Lifesciences is a pharmaceutical contract research, development, and manufacturing company. APIs, advanced intermediates, and starting materials drive core revenues, while antibody-drug conjugates and oligonucleotide building blocks provide specialized growth avenues. Pellets, finished dosage forms, and specialty chemicals, including agrochemicals, broaden its product base. Recent earnings commentary highlights execution challenges, consistent with 13% revenue contraction and 63.2% profit decline. Margins are improving, but the absence of reported ROE limits returns analysis; debt-to-equity of 9.93 indicates extreme leverage that can materially distort ROE. At 161.5 times earnings, the stock appears rich and trades far above its declining earnings growth. ICICI Securities’ downgrade and reduced target reinforce negative sentiment. Investors must assess whether specialized platforms can restore growth while leverage remains elevated.

Valuation Metrics

Trading 33.0% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.05). Confidence: 62%.

Live forward EPS implies next-12-month EPS of ₹9.84. Applying the stock's normalized valuation corridor produces a fair range of ₹1,904.73 to ₹3,766.36, with base value near ₹2,460.79 (+430.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹9.84

Forward P/E

47.1x

Base Fair Value

₹2,460.79

Fair Range

₹1,904.73 - ₹3,766.36

Upside To Base

+430.4%

Estimate Source

Live forward EPS

Growth Estimate

-96.8%

P/E
Strongly Undervalued

5Y Average

239.62

Current

167.49

Overvalued

382.76

Undervalued

193.57

EV/EBITDA
Strongly Undervalued

5Y Average

78.16

Current

54.63

Overvalued

96.88

Undervalued

56.14

P/S
Strongly Undervalued

5Y Average

11.86

Current

8.29

Overvalued

14.70

Undervalued

8.52

Peers & Comparison

Sector: Health Care · Theme: Pharmaceuticals

Pharmaceuticals Peers8 peers
Avg P/E: 46.8x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
ASTRAZENECA PHARMA IND LT
ASTRAZENPharmaceuticals
+20.4%8.2%
107.1x
Premium
+129% vs avg
-6.7%
ALIVUS LIFE SCIENCES LTD
ALIVUSPharmaceuticals
+6.4%23.3%
27.3x
Undervalued
-42% vs avg
+43.2%
AKUMS DRUGS AND PHARMA L
AKUMSPharmaceuticals
+9.6%5.9%
42.8x
Fair
-9% vs avg
+51.8%
BLUE JET HEALTHCARE LTD
BLUEJETPharmaceuticals
-17.4%26.5%
43.7x
Fair
-7% vs avg
-25.8%
GLENMARK PHARMACEUTICALS
GLENMARKPharmaceuticals
+23.1%10.1%
36.2x
Undervalued
-23% vs avg
+9.4%
ABBOTT INDIA LIMITED
ABBOTINDIAPharmaceuticals
+6.5%22.4%
38.3x
Undervalued
-18% vs avg
-15.4%
AJANTA PHARMA LIMITED
AJANTPHARMPharmaceuticals
+24.8%19.6%
39.3x
Undervalued
-16% vs avg
+30.0%
IPCA LABORATORIES LTD
IPCALABPharmaceuticals
+6.3%11.8%
39.4x
Undervalued
-16% vs avg
+22.5%
WHY THESE PEERS

COHANCE LIFESCIENCES LTD trades at a premium (167.2x vs peer avg 46.8x), implying higher growth or quality expectations from the Pharmaceuticals cohort. Peers include ASTRAZENECA PHARMA IND LT, ALIVUS LIFE SCIENCES LTD, AKUMS DRUGS AND PHARMA L — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹360 CrJun 2026

Latest net profit

₹1.41 CrJun 2026

Latest EPS

₹0.04Jun 2026

Net margin

7.4%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%7.0%14.0%21.0%28.0%0.00 Cr150 Cr300 Cr450 Cr600 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr150 Cr300 Cr450 Cr600 Cr₹0₹1₹1₹2₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit-120 Cr0.00 Cr120 Cr240 Cr360 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +344.03224.62212.82252.93488.08594.43653.35768.57483.58497.79481.58567.55359.89
Expenses +174.15127.27143.76179.60362.91390.91420.60545.80379.38366.93378.80450.98333.40
Operating Profit169.8897.3569.0673.33125.17203.52232.75222.77104.20130.86102.78116.5726.49
OPM %49.38%43.34%32.45%28.99%25.65%34.24%35.62%28.98%21.55%26.29%21.34%20.54%7.36%
Other Income +10.0614.2013.9717.0619.4115.7621.48-7.595.0026.301.26-17.3012.16
Interest1.150.502.152.3010.209.4210.087.006.805.245.255.172.12
Depreciation11.1510.4811.3817.2531.2834.5638.0942.5831.3631.2033.3637.6634.32
Profit before tax167.64100.5769.5070.84103.10175.30206.06165.6071.04120.7265.4356.442.21
Tax %25.86%25.69%24.66%24.87%26.82%20.65%25.33%25.86%26.00%21.89%27.72%38.77%36.20%
Net Profit +124.2974.7352.3653.2275.45139.10153.86122.7752.5794.2947.2934.561.41
EPS in Rs4.882.942.062.092.965.466.044.821.372.461.240.900.04
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +66.41%57.49%57.49%57.49%57.49%
FIIs +7.23%6.51%6.01%5.59%6.50%
DIIs +11.40%20.81%21.57%21.79%20.09%
Government +0.01%0.01%0.01%0.01%0.01%
Public +14.95%15.16%14.91%15.11%15.92%
Others0.02%0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +

Events Timeline

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 06, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 05, 2026PDFCompany Reports Open

Completion Of USFDA Inspection

Aug 05, 2026PDFCompany Reports Open

Outcome Of The Board Meeting

Aug 05, 2026PDFCompany Reports Open

Board Meeting Outcome for Outcome Of The Board Meeting

Aug 05, 2026PDFCompany Reports Open