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Anthem Biosciences Ltd (ANTHEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544449 NSE: ANTHEM Pharmaceuticals & Drugs | Mid Cap | Anthem Biosciences Share Price

₹771.30 8.15 (1.07%)

As on 02-Jul'26 16:59

Anthem Biosciences Ltd (ANTHEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544449 NSE: ANTHEM Pharmaceuticals & Drugs | Mid Cap | Anthem Biosciences Share Price

₹771.30 8.15 (1.07%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹43,454 Cr.
Current Price
₹771.3
52-Week Low / High
₹579 / 873
TTM EPS
₹11.9
TTM Sales
₹2,089 Cr.
Book Value per Share
₹56.5
P/E Ratio
64.80
In line with its 5-year historical median
Industry PE
49.2
Price to Book (P/B)
13.64
Higher than its 5-year historical median
Price to Sales (P/S)
20.80
Higher than its 5-year historical median
EV/EBITDA
41.84
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
23.99%
Outperforms industry median
Return on Capital Employed (ROCE)
31.30%
Outperforms industry median
Return on Assets (ROA)
20.07%
Operating Profit Margin
37.5%
Net Profit Margin
32.09%
Gross Profit Margin
47.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
29.85%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
23.52%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
32.47%
Asset Quality
Promoter Holding
74.68%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,072 Cr.
Equity
₹112.7 Cr.
Face Value
₹2
All Time Low / High
₹579.45 / 873.25

Anthem Biosciences stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is Anthem Biosciences Ltd a good quality company?
Anthem Biosciences Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Anthem Biosciences Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Anthem Biosciences Ltd vs industry peers?
Anthem Biosciences Ltd revenue CAGR is 23.81%, compared to the industry median CAGR of 9.13%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Anthem Biosciences Ltd?
Promoters hold 74.68% of the Anthem Biosciences Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Anthem Biosciences Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Anthem Biosciences Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 32.3%29.4%17.2%25.9%25.6%55.4%51%31.2%25%30.8%-
Value Creation
Index
1.91.60.51.31.33.93.51.81.21.2-

Growth Parameters

Sales 2093574626266331,1031,2311,0571,4181,8412,089
Sales YoY Gr.-70.5%29.6%35.5%1.1%74.4%11.6%-14.2%34.1%29.9%-
Adj EPS 0.71.20.61.41.64.8766.5911.9
YoY Gr.-59.7%-51.3%141.1%20.7%195.1%44.7%-14.5%9.9%37.2%-
BVPS (₹) 2.244.66.17.812.723.830.534.643.656.5
Adj Net
Profit
39.162.730.573.488.5265397339366501670
Cash Flow from Ops. 000196166278333319164300-
Debt/CF from Ops. 000110.40.10.410.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 27.3%23.8%14.3%29.9%
Adj EPS 32.4%40.6%8.8%37.2%
BVPS39.2%41.3%22.5%26.1%
Share Price - - - -

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
38.536.812.82523.547.238.621.919.922.823.8
Op. Profit
Mgn %
35.430.526.227.428.837.646.240.835.737.540.7
Net Profit
Mgn %
18.717.66.611.7142432.332.125.827.232.1
Debt to
Equity
0.90.910.60.40.100.10.100
Working Cap
Days
165148171164172126161220227268150
Cash Conv.
Cycle
7473897987506398110115122

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3574626266331,1031,2311,0571,4181,8412,089
Operating Expenses + 2483414544516956646349131,1511,238
Manufacturing Costs3039424963869189102111
Material Costs136195275252454414339600741795
Employee Cost 6382107120142138153183252262
Other Costs 20242930362651425669
Operating Profit 109121172182408568423505689851
Operating Profit Margin (%) 30.5%26.2%27.4%28.8%37.0%46.1%40.0%35.6%37.4%40.7%
Other Income + 610212137498571109182
Exceptional Items 0000006200-24
Interest 518182017129997
Depreciation 225361626258648178100
Profit Before Tax 8860114121366547498485711903
Tax 2225372894141112110205233
Profit After Tax 66367793271406386375506671
PAT Margin (%) 18.6%7.8%12.3%14.7%24.6%33.0%36.5%26.4%27.5%32.1%
Adjusted EPS (₹)1.20.71.41.74.97.16.86.19.111.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%16.80%

Valuation of Anthem Biosciences - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2192553314227011,3551,7421,9332,4393,151
Share Capital 11118889114112112112
Reserves 2092443234136931,3471,6281,8212,3273,039
Debt +176209160121100351141679028
Long Term Debt1561711379520685664728
Short Term Debt20382326803029101430
Minority Interest0000000000
Trade Payables3357545877657210011070
Others Liabilities 7585166175213271156203337457
Total Liabilities 5046067117761,0911,7262,0832,4032,9763,707

Fixed Assets

Net Fixed Assets +252324316306361329449478624613
Gross Block3404645165676827078849911,2071,290
Accumulated Depreciation87140201261321378435513583677
CWIP 4471250191531431565884
Investments 27773992092734994725331,380
Inventories5883921253558129211339119
Trade Receivables74122117105255326274490448573
Cash Equivalents 115142241349343184166270
Others Assets 38608969171238245412808669
Total Assets 5046067117761,0911,7262,0832,4032,9763,707

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 00196166278333319164300889
PBT 00114121366547498485711903
Adjustment 007776774827373722
Changes in Working Capital 00514-94-138-91-238-289168
Tax Paid 000-45-71-123-115-120-159-204
Cash Flow From Investing Activity + 00-121-109-196-206-378-192-249-742
Capex 00-118-77-118-26-184-111-130-136
Net Investments 00-02-111-64-2262738-573
Others 00-3-3433-11732-108-158-33
Cash Flow From Financing Activity + 00-65-48-6318153-132-68-44
Net Proceeds from Shares 00008247790027
Net Proceeds from Borrowing 00-49-40-76-14-18-19-19-19
Interest Paid 00-18-20-17-10-1-9-9-7
Dividend Paid 0000-0-00000
Others 0011222-43-7-103-41-44
Net Cash Flow 009918308-6-159-17104

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)39.1115.2426.3924.6248.339.4824.9120.423.1623.99
ROCE (%)29.4217.2425.8725.5655.3950.9731.224.9830.7931.3
Asset Turnover Ratio0.90.830.950.851.180.870.550.630.690.64
PAT to CFO Conversion(x)002.551.781.030.820.830.440.591.32
Working Capital Days
Receivable Days6377.3069.7064.2059.5086.10103.7098.4092.7086.70
Inventory Days4555.5050.8062.6026.6013.8032.4043.9054.3038.90
Payable Days65.7084.6073.5081.2054.4062.5073.5052.5051.8041.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Anthem Biosciences Ltd FAQs

The current trading price of Anthem Biosciences on 02-Jul-2026 16:59 is ₹771.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Anthem Biosciences stood at ₹43,453.9 Cr

The latest P/E ratio of Anthem Biosciences as of 01-Jul-2026 is 64.80.

The latest P/B ratio of Anthem Biosciences as of 01-Jul-2026 is 13.64.

The 52-week high of Anthem Biosciences is ₹873.2 and the 52-week low is ₹579.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Anthem Biosciences is ₹2,089 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Anthem Biosciences Ltd is a good quality company.

The key valuation ratios of Anthem Biosciences Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Anthem Biosciences Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Anthem Biosciences Ltd

Anthem Biosciences Limited was originally incorporated as ‘Anthem Biosciences Private Limited’ under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated June 13, 2006, issued by RoC. Subsequently, the company was converted from a private company to a public company, pursuant to a board resolution dated October 18, 2024 and a resolution passed in the extraordinary general meeting of its Shareholders held on October 18, 2024 following which the name of the company was changed to ‘Anthem Biosciences Limited’ and a certificate of incorporation consequent upon conversion to public limited company was issued by the RoC on December 10, 2024.

The company is an innovation-driven and technology-focused Contract Research, Development and Manufacturing Organization (CRDMO) with fully integrated operations spanning across drug discovery, development and manufacturing with integrated New Chemical Entity (NCE) and New Biological Entity (NBE) capabilities across drug discovery, development, and commercial manufacturing. It provides end to end CRDMO services and it serves a range of customers, encompassing innovator-focused emerging biotech and large pharmaceutical companies globally. 

Its CRDMO platform comprises main modalities (RNAi, ADC, peptides, lipids and oligonucleotides) and manufacturing capabilities (custom synthesis, flow chemistry, fermentation and biotransformation). It derives revenue primarily from its CRDMO services, including developmental and commercial manufacturing, and research and development services. It also generates revenue from the manufacture and sale of specialty ingredients.

Business area of the company

Anthem Biosciences has been set up as a Life sciences/ Biotechnology based venture specialising in the manufacture of catalytic preparation, other organic compounds such as speciality organic molecules, biologically active peptides etc., which are high-value products used in drug, agrochemical and speciality chemicals industries. 

Awards, accreditations, and recognition

  • 2023: Received a certificate of recognition as a ‘Four Star Export House’ from the Ministry of Commerce and Industry.
  • 2023: Received an accreditation from AAALAC International.
  • 2023: Received the Bureau Veritas Certification for achieving the ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 standards.
  • 2024: Received the certification as a foreign drug manufacturer issued by the Minister of Health, Labour and Welfare.
  • 2024: Received the ‘Pharma Excellence Award’ for excellence in contribution towards sustainability issued by ASSOCHAM.
  • 2025: Received a certificate of appreciation in recognition of appreciable achievement in occupation safety and health during 2021-2023 from the National Safety Council of India Safety Awards - 2024.
  • 2025: Received the State Level safety award under the category of Best Large Scale Industry.

History and milestones

  • 2006: Incorporation of the company.
  • 2007: Commenced operations of the company at Unit I and set up a custom synthesis plant with a capacity of 6 KL.
  • 2008: Commencement of the discovery biology services with a fermentation capacity of 2 KL.
  • 2010: Expanded the custom synthesis plant set up at Unit I increasing its capacity from 6 KL to 24 KL.
  • 2013: Received the first USFDA audit approval for Unit I.
  • 2016: Set up a high potent lab at Unit I - Bommasandra Facility.
  • 2017: The company, pursuant to an order dated November 30, 2017, amalgamated with Anthem Cellutions (India) Private Limited by way of an acquisition of 100% of its share capital.
  • 2017: Set up a solid phase peptide synthesis GMP lab with a capacity of 6 KL at Unit 1.
  • 2017: Commenced operations of the Company at Unit II and set up an automated GMP compliant custom synthesis plant with a capacity of 128 KL and a fermentation plant with a capacity of 80 KL.
  • 2017: Received the second USFDA audit approval for Unit I.
  • 2018: Anthem Cellutions (India) Private Limited amalgamated into the company.
  • 2019: Received the third USFDA approval for Unit I.
  • 2019: Set up a flow chemistry lab at Unit I.
  • 2020: Commenced operations in biological facility 2 earmarked for a specific client.
  • 2022: Expanded the custom synthesis plant set up at Unit II increasing its capacity to 246 KL.
  • 2023: Received the first USFDA audit approval and first therapeutic goods administration audit for Unit II.
  • 2023: Addition of Oligonucleotide lab in Unit I.
  • 2023: Set a cGMP scale continuous flow manufacturing facility for Unit II.
  • 2024: Received the: second USFDA audit approval for Unit II; first ANVISA audit approval for Unit I; and first ANVISA audit approval for Unit II.
  • 2024: Commenced operations of Neoanthem Lifesciences Private Limited, at Unit III designed as a chemistry lab and customer synthesis pilot plant for development, technology transfer and scale-up projects.
  • 2024: Fermentation capacity expanded to 140 KL at Unit II.
  • 2024: Conversion of the Company into a public limited company, under the name ‘Anthem Biosciences Limited’.
  • 2025: Received the fourth USFDA approval for Unit I.

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