S

Sanofi India Limited

SANOFI
Market snapshot · 2026-08-11 15:50 UTC

3,303.20

₹-23.80 (-0.72%)

MARKET CAP

₹7.61K Cr

STOCK P/E

23.5x

52W HIGH

₹5,291.00

52W LOW

₹3,054.00

BOOK VALUE

₹325.31

EPS

₹140.73

ROE

40.27%

SECTOR

Health Care

DEBT/EQUITY

1.78

VOLUME

13,834

P/B RATIO

10.15x

PEG RATIO

1.17

Sector

Health Care

Themes

Pharmaceuticals
D
Dividend
E
Earnings
₹5,078.91₹4,583.46₹4,088.01₹3,592.55₹3,097.10VolumeDEDEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for SANOFI.

3.00 analysts

Price Forecast

Current
₹3,303
High Target
₹5,550
▲ +68.0%
Median Target
₹3,949
▲ +19.6%
Low Target
₹3,520
▲ +6.6%
Now₹3,303High ₹5,550Median ₹3,949Low ₹3,520Aug '25Now12M Target
Price history (1Y)
Analyst target range
3 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹2,938 - ₹3,72380%
6M₹2,800 - ₹3,91480%
12M₹2,619 - ₹4,20580%
Realized vol: +18.5% · Drift: +2.2%

Revenue Forecast

₹ Cr
Mar '26Current₹472.0
Sep 2026 ETrend estimate range
High₹445.0Base₹412.1Low₹379.1
Jun '25: ₹406.0 · Sep '25: ₹475.0 · Dec '25: ₹420.0 · Mar '26: ₹472.0 · Sep '26: ₹412.1 · Dec '26: ₹364.4
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E406.0475.0420.0472.0412.1364.4
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹44.55
Sep 2026 ETrend estimate range
High₹29.97Base₹26.76Low₹23.55
Jun '25: ₹30.18 · Sep '25: ₹32.99 · Dec '25: ₹26.79 · Mar '26: ₹44.55 · Sep '26: ₹26.76 · Dec '26: ₹21.73
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E30.1832.9926.7944.5526.7621.73
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
73%
Analyst Consensus
Weakening

From 3 analysts

Mean upside+31.4%

Fundamentals

Strong

Fundamentals institutional score is 72 using EVA spread proxy 28.3%; growth durability 29.9.

Valuation

Attractive relative to peers

Valuation institutional score is 99 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 67 using mean target upside 31.4%; dispersion penalty 18.7; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 63 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 11 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and valuation provide support.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price4,339.7 target
Mean Upside+31.4%
Technical Score63%
Fundamental Score72%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 44.0% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.56). Confidence: 73%.

Live forward EPS implies next-12-month EPS of ₹183.90. Applying the stock's normalized valuation corridor produces a fair range of ₹5,914.22 to ₹8,801.45, with base value near ₹7,709.09 (+133.4% vs current price).

Forward Valuation Outlook

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

Below normalized range

Forward EPS

₹183.90

Forward P/E

18.0x

Base Fair Value

₹7,709.09

Fair Range

₹5,914.22 - ₹8,801.45

Upside To Base

+133.4%

Estimate Source

Live forward EPS

Growth Estimate

+20.1%

P/E
Strongly Undervalued

5Y Average

40.24

Current

23.47

Overvalued

47.86

Undervalued

32.16

EV/EBITDA
Strongly Undervalued

5Y Average

26.23

Current

15.30

Overvalued

29.97

Undervalued

23.05

P/S
Strongly Undervalued

5Y Average

7.22

Current

4.21

Overvalued

8.25

Undervalued

6.35

Peers & Comparison

Sector: Health Care · Theme: Pharmaceuticals

Pharmaceuticals Peers7 peers
Avg P/E: 68.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
CAPLIN POINT LAB LTD.
CAPLIPOINTPharmaceuticals
+19.0%29.3%
31.2x
Undervalued
-54% vs avg
+25.2%
ALIVUS LIFE SCIENCES LTD
ALIVUSPharmaceuticals
+6.4%23.3%
28.4x
Undervalued
-58% vs avg
+43.2%
CONCORD BIOTECH LIMITED
CONCORDBIOPharmaceuticals
+26.2%24.8%
49.1x
Undervalued
-28% vs avg
-13.9%
AKUMS DRUGS AND PHARMA L
AKUMSPharmaceuticals
+9.6%5.9%
39.9x
Undervalued
-41% vs avg
+51.8%
BLUE JET HEALTHCARE LTD
BLUEJETPharmaceuticals
-17.4%26.5%
43.6x
Undervalued
-36% vs avg
-23.8%
ASTRAZENECA PHARMA IND LT
ASTRAZENPharmaceuticals
+20.4%8.2%
116.9x
Premium
+72% vs avg
-6.7%
COHANCE LIFESCIENCES LTD
COHANCEPharmaceuticals
-23.1%5.0%
167.5x
Premium
+146% vs avg
-53.0%
WHY THESE PEERS

SANOFI INDIA LIMITED trades at a discount (23.5x vs peer avg 68.1x), suggesting potential undervaluation relative to the Pharmaceuticals cohort. Peers include CAPLIN POINT LAB LTD., ALIVUS LIFE SCIENCES LTD, CONCORD BIOTECH LIMITED — 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

₹472 CrMar 2026

Latest net profit

₹103 CrMar 2026

Latest EPS

₹44.55Mar 2026

Net margin

28.3%Mar 2026

Performance

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

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.0%8.0%16.0%24.0%32.0%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
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr150 Cr300 Cr450 Cr600 Cr₹0₹15₹30₹45₹60
  • Revenue
  • EPS

Revenue to profit conversion

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

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr150 Cr300 Cr450 Cr600 Cr

Latest reported period: Mar 2026

Debt level and coverage

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

Rs crore
Debt free
202120222023202420250.00 Cr400 Cr800 Cr1.20K Cr1.60K Cr
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales736515491469511464524515536406475420472
Expenses514393377370400348404397364311368330330
Operating Profit21211210490.310110711110916285.897.880.8134
OPM %28.85%21.85%21.26%19.25%19.83%23.02%21.13%21.11%30.29%21.12%20.57%19.25%28.33%
Other Income25.815.510.69.43.54.82.35.93.38.74.92.84.4
Interest0.30.70.30.40.30.40.40.40.30.40.40.60.3
Depreciation9.79.19.29.39.1999.69.69.19.19.59
Profit before tax23812711599.310411111311416594.110283138
Tax %30.71%36.37%29.67%29.81%31.1%21.51%27%27.06%27.71%26.14%25.71%25.66%25.6%
Net Profit1658180.669.77287.282.283.312069.57661.7103
EPS in Rs82.6753.3766.0859.7959.3144.9036.6939.6451.8930.1832.9926.7944.55

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters60.40%60.40%60.40%60.40%60.40%
FII5.58%5.61%5.57%5.55%5.65%
DII23.02%23.06%22.28%21.30%21.12%
Public8.38%8.33%9.08%10.02%10.20%
Others2.62%2.60%2.67%2.73%2.63%
Mar 2026
Promoters
FII
DII
Public
Others