ANTHEMHealthcare

Anthem Biosciences Limited

Biotechnology · ISIN INE0CZ201020 · BSE 544449 · NSE EQ · FV ₹2
Last price
₹927
+2.09%today
What this company does

Anthem Biosciences Limited operates in Biotechnology, part of the Healthcare sector. It booked ₹418 cr of revenue in its latest quarter (Q1 FY27) and kept 28.7% of sales as profit.

Anthem is among India’s leading innovation-focused CRDMOs, providing integrated services across Our Values discovery, development and commercial manufacturing.
In the report:
66out of 100
Equitytale Health Score
Solid

Healthier than 66% of companies in Healthcare, on the 5 of 6 measures we could read for it. Each measure is ranked against the 116–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
56

At close. Not part of the score.

Profitability & returns71

How much profit it earns on the money it employs

Balance sheet87

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Valuation8

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 29% net margin
Promoters hold 71%
No promoter shares pledged
Strong 16% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
! Sales down 23% vs last year
! Profit down 12% vs last year

What if I invest in ANTHEM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹927 +2.09%
latest close · 2026-09-17
52-wk low ₹73242 sessions so far52-wk high ₹978
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio108.8High
LowAverageHigh
P/B ratio17.17High
Below bookModerateHigh
EV / EBITDA74.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.8%Strong
WeakFairStrong ▸15%
Return on capital18.7%Strong
WeakFairStrong
Net margin28.7%Strong
ThinDecentStrong
EBITDA margin42.0%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.02Comfortable
LowModerateHigh ▸1
Interest cover164.0×Strong
RiskyOkayStrong ▸5×
Current ratio5.54Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹52,248 cr
Book value
₹54
EPS
₹2.13
latest quarter
Net debt
₹-222 cr
more cash than debt
Enterprise value
₹52,026 cr
EBITDA
₹702 cr
annualised
EBIT
₹582 cr
annualised
Operating margin
34.8%
Return on assets
14.0%
Earnings yield
0.92%
P/S
31.23
Sales / share
₹29.7
Tax rate
17.0%
Face value
₹2
Shares
56.3 cr
Working capital
₹1,477 cr
Current assets
₹1,803 cr
Current liabilities
₹326 cr
Delivery %
55.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹119₹180, midpoint ₹150

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹418 cr
Other Income₹25 cr
Total Income₹443 cr
Cost of Materials₹149 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹79 cr
Finance Costs₹88.7 L
Depreciation & Amortisation₹30 cr
Other Expenses₹43 cr
Total Expenses₹299 cr
Profit before Tax₹145 cr
Tax Expense₹25 cr
Net Profit₹120 cr
Net margin on total income27.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹146 cr33.0%
Employee benefit expense₹79 cr17.8%
Finance costs₹88.7 L0.2%
Depreciation & amortisation₹30 cr6.8%
Other expenses₹43 cr9.6%
Tax expense₹25 cr5.6%
Profit for the period₹120 cr27.1%
Total income ₹443 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue423 cr611 cr418 cr
Total income457 cr662 cr443 cr
Expenses301 cr385 cr299 cr
Profit before tax130 cr278 cr145 cr
Tax38 cr88 cr25 cr
Net profit (owners' share)93 cr190 cr120 cr
Net margin (owners' share, on revenue)21.9%31.1%28.7%
EPS (₹)1.653.382.13
YoY (latest quarter): total income -21.3% · net profit -11.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹3,429 cr
Shareholder equity
₹3,043 cr
parent shareholders
Total debt
₹51 cr
Cash
₹273 cr
Cash flow · H1 FY26
Operating
₹403 cr
Investing
₹-169 cr
Financing
₹21 cr
Peer comparison
Healthcare · by market value (sector-level match)
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,867₹4.48 L cr38.6
Divi's Laboratories Limited₹9,323₹2.47 L cr68.7
Torrent Pharmaceuticals Limited₹4,875₹1.65 L cr82.0
Apollo Hospitals Enterprise Limited₹8,769₹1.26 L cr54.3
Zydus Lifesciences Limited₹1,135₹1.13 L cr30.4
Cipla Limited₹1,376₹1.11 L cr35.2
Laurus Labs Limited₹1,948₹1.05 L cr71.5
Max Healthcare Institute Limited₹1,037₹1.01 L cr78.1
Dr. Reddy's Laboratories Limited₹1,175₹98,113 cr55.1
Same sector · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.22%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 25 Jun 2026
ActionDetailEx-date
Dividend₹2 / share25 Jun 2026
Who owns it · 2026-06-30
No pledge
Promoter
71.4%
FII / Foreign
2.6%
DII / Domestic
13.5%
Retail / others
12.5%
Promoter stake down 3.3% over the last 5 quarters.
Smart-money activity
Insider trades
SoldKrithika Ganesh · Promoter Group85.57 L9 Mar 26
BoughtAruna Ganesh · Promoter Group85.57 L9 Mar 26
SoldViridity Tone LLP · Other2.03 cr · ₹1255.2 cr9 Mar 26
Bulk / block deals
short · NSE9126 Aug 26
BoughtWHITEOAK CAPITAL MUTUAL FUND · NSE61,318 @ ₹744.818 Jun 26
BoughtWHITEOAK CAPITAL MUTUAL FUND · NSE1.00 L @ ₹744.818 Jun 26
Stake changes
SoldAruna Ganesh · promoter→ 0.00% · 1.71 cr18 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 12 Sep 2025
See the official result
1
RATIFICATION OF ANTHEM EMPLOYEE STOCK OPTION PLAN 2024
Backed by 76% of shareholders other than promotersneeded 75%
5.84 cr votes for, 1.86 cr against · 45% of mutual funds and other big investors said no
2
RATIFICATION OF THE EXTENSION OF THE BENEFITS OF ANTHEM EMPLOYEE STOCK OPTION PLAN 2024 TO THE EMPLOYEES OF SUBSIDIARY COMPANY(IES) OF THE COMPANY
Backed by 76% of shareholders other than promotersneeded 75%
5.84 cr votes for, 1.86 cr against · 45% of mutual funds and other big investors said no
3
Approval of the remuneration proposed to be paid to the related parties
Promoters had a personal stake in this
Backed by 86% of shareholders other than promotersneeded 50%
6.65 cr votes for, 1.05 cr against · 25% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 38 named members
owning 71.4% between them · as of 2026-06-30
AJAY BHARDWAJ42.40%
ISHAAN BHARDWAJ10.13%
GANESH SAMBASIVAM8.11%
K C RAVINDRA7.75%
KEERTHI TRUST(Trustee is K C RAVINDRA)1.01%
S VIJAYALAKSHMI1.01%
SWARA TRUST(Trustee is K C RAVINDRA)1.01%
ADITYA NARIAN CAPOORno shares
Business done with them
FY2026 · 4 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.1% of its ₹2,124 cr revenue and received ₹42.1 L back from them.
Ishaan Bhardwaj
Other payments to them · Remuneration paid
also owns 10.13% of the company
₹1 cr
company paid
ANTHEM BIO PHARMA PRIVATE LIMITED
Other income from them · Sale of goods and services, Purchase of goods and services, Loans and advances,and Interest charged on loans & advances
₹42.1 L
company received
Krithika Ganesh
Other payments to them · Remuneration paid
₹30 L
company paid
Keerthana Ravindra
Other payments to them · Remuneration paid
₹27.3 L
company paid

The company also transacted with 3 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.