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Cohance Lifesciences Ltd (COHANCE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543064 NSE: COHANCE Pharmaceuticals & Drugs | Small Cap | Cohance Lifesciences Share Price

₹430.95 5.60 (1.32%)

As on 05-Jun'26 16:59

Cohance Lifesciences Ltd (COHANCE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543064 NSE: COHANCE Pharmaceuticals & Drugs | Small Cap | Cohance Lifesciences Share Price

₹430.95 5.60 (1.32%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹16,272 Cr.
Current Price
₹431
52-Week Low / High
₹268 / 1,121
TTM EPS
₹4.7
TTM Sales
₹2,269 Cr.
Book Value per Share
₹102.2
P/E Ratio
90.79
Higher than its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
4.16
Lower than its 5-year historical median
Price to Sales (P/S)
7.17
Lower than its 5-year historical median
EV/EBITDA
35.53
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
14.20%
Outperforms industry median
Return on Capital Employed (ROCE)
18.44%
Outperforms industry median
Return on Assets (ROA)
10.02%
Operating Profit Margin
31.3%
Net Profit Margin
22.11%
Gross Profit Margin
35.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
13.91%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-7.54%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-11.83%
Asset Quality
Promoter Holding
57.49%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,873 Cr.
Equity
₹38.3 Cr.
Face Value
₹1
All Time Low / High
₹87.05 / 1359.00

Cohance Lifesciences stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Cohance Lifesciences Ltd a good quality company?
Cohance Lifesciences 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 Cohance Lifesciences Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Cohance Lifesciences Ltd vs industry peers?
Cohance Lifesciences Ltd revenue CAGR is 7.51%, compared to the industry median CAGR of 5.35%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Cohance Lifesciences Ltd?
Promoters hold 57.49% of the Cohance Lifesciences Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Cohance Lifesciences Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -4.2% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Cohance Lifesciences 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 % 0%0%0%23.9%50.2%40.8%45.9%33.4%21.2%18.4%-
Value Creation
Index
NANANA0.82.72.02.41.50.60.6-

Growth Parameters

Sales 0003788341,0101,3201,3401,0511,1982,269
Sales YoY Gr.-NANANA120.7%21.1%30.8%1.5%-21.6%13.9%-
Adj EPS 00001213.915.315.110.310.24.7
YoY Gr.-NANANANA15.9%10.5%-1.2%-31.7%-1.3%-
BVPS (₹) 000033.246.46068.280.566102.2
Adj Net
Profit
000111305353390385263260179
Cash Flow from Ops. 00050.4407383330457358288-
Debt/CF from Ops. 0001.60.50.40.30.20.10.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA7.5%-3.2%13.9%
Adj EPS NA-3.2%-12.7%-1.3%
BVPSNA14.7%3.2%-18%
Share Price - -3.7% -3.2% -59.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
00018.842.534.928.823.613.913.95.6
Op. Profit
Mgn %
00046.146.243.944.142.838.631.318.8
Net Profit
Mgn %
00029.436.63529.628.82521.47.9
Debt to
Equity
0000.10.20.10.1000.10
Working Cap
Days
0000196175172195213160139
Cash Conv.
Cycle
0000815769891049590

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3788341,0101,3201,3401,0511,198
Operating Expenses + 206449567739766646822
Manufacturing Costs53122150189184137150
Material Costs101225298394403312301
Employee Cost 306576100118135250
Other Costs 223643556162122
Operating Profit 172385443582574406375
Operating Profit Margin (%) 45.4%46.1%43.9%44.1%42.8%38.6%31.3%
Other Income + 1181492466259
Exceptional Items 0000000
Interest 32312913712
Depreciation 11243239485577
Profit Before Tax 158405468668560406344
Tax 498810521414810579
Profit After Tax 109317362454411300265
PAT Margin (%) 28.9%38.0%35.9%34.4%30.7%28.6%22.1%
Adjusted EPS (₹)0.012.514.217.816.211.810.5
Dividend Payout Ratio (%)0%20.10%14.10%28.10%37.10%0%0%

Valuation of Cohance Lifesciences - Consolidated

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'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 5788451,1811,5271,7352,0491,680
Share Capital 0132525252525
Reserves 5788321,1551,5021,7102,0231,654
Debt +8318514196693976
Long Term Debt0913628506
Short Term Debt839410667653970
Minority Interest000000144
Trade Payables547183106704280
Others Liabilities 1021911712382361241,051
Total Liabilities 8161,2921,5761,9672,1102,2543,031

Fixed Assets

Net Fixed Assets +2713574415346636701,713
Gross Block3474575706948769292,046
Accumulated Depreciation77100128160212260332
CWIP 1111029630165179256
Investments 7338542598536904337
Inventories157175201283313231167
Trade Receivables148117102236111134284
Cash Equivalents 13141047685189
Others Assets 10919018423725486186
Total Assets 8161,2921,5761,9672,1102,2543,031

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 50407383330457385288
PBT 158405468668560406344
Adjustment 14353641371760
Changes in Working Capital -8854-12-194672-32
Tax Paid -33-86-109-184-146-110-83
Cash Flow From Investing Activity + -65-413-311-136-195-362-255
Capex -57-103-111-75-286-52-156
Net Investments -7-325-201-30084-310623
Others -215-02396-0-723
Cash Flow From Financing Activity + 267-76-156-242-403
Net Proceeds from Shares 0000000
Net Proceeds from Borrowing 5291-55-10-24-5-2
Interest Paid -3-17-9-6-12-7-10
Dividend Paid -19-64-25-102-20400
Others -4-313-39-3-2816
Net Cash Flow 111-53720-1836

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)18.9244.5835.7833.5225.2115.8714.2
ROCE (%)23.8750.2140.7645.9233.4121.2218.44
Asset Turnover Ratio0.460.790.70.750.660.480.45
PAT to CFO Conversion(x)0.461.281.060.731.111.281.09
Working Capital Days
Receivable Days142.5057.9039.7046.8047.3042.5063.70
Inventory Days151.8072.706866.9081.1094.4060.60
Payable Days192.7010194.4087.5079.7065.8074.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Cohance Lifesciences Ltd FAQs

The current trading price of Cohance Lifesciences on 05-Jun-2026 16:59 is ₹430.9.

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 04-Jun-2026 the market cap of Cohance Lifesciences stood at ₹16,272.5 Cr

The latest P/E ratio of Cohance Lifesciences as of 04-Jun-2026 is 71.15.

The latest P/B ratio of Cohance Lifesciences as of 04-Jun-2026 is 3.63.

The 52-week high of Cohance Lifesciences is ₹1,121.2 and the 52-week low is ₹267.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cohance Lifesciences is ₹2,031 ( Cr.) .

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

The key valuation ratios of Cohance Lifesciences Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About Cohance Lifesciences Ltd

Headquartered in Hyderabad, Cohance Lifesciences is a global, innovation-driven CDMO platform specialising in high-value, end-to-end solutions across the full spectrum of a molecule’s lifecycle - from early-stage development to large-scale commercialisation - with a marquee Customer Base across Pharmaceuticals and Specialty Chemicals. 

With a focus on agility, innovation and global scalability, Cohance Lifesciences is reshaping the landscape of pharmaceutical manufacturing and development. The company collaborates with its customers to enhance their molecules and products, enabling them to deliver innovative solutions to their patients and consumers. 

Business area of the company

The company is a fully integrated global CDMO, partnering with leading innovators across the entire product lifecycle- from route scouting and early development to commercial manufacturing. With advanced capabilities in oligonucleotides, bioconjugation and complex small molecules, it addresses some of the most challenging chemistries in the industry.

Business verticals of the company

  • Pharma CDMO
  • Specialty Chemicals
  • API+

Achievements

Achieved B-rating 2024 disclosure both in Climate Change & Water Security.

Social Accountability SA8000.

Silver in Ecovadis Sustainability Assessment.

Pharmaceutical Supply Chain Initiative (PSCI) Supplier Partner- 2025.

British Safety Council’s International Safety Awards (ISA) 2025.

All facilities are certified with ISO 14001, ISO 45001.

Milestones

  • 2020: The foundation was laid with the inclusion of RA Chem Pharma, known for its strong footprint in APIs, intermediates, and finished dosage formulations, setting the tone for a platform focused on quality and scientific depth.
  • 2021: With the addition of ZCL Chemicals, the platform expanded its capability in complex intermediates, enhancing its ability to serve global pharmaceutical innovators.
  • 2022: The journey progressed with Avra, bringing expertise in high-complexity chemistry and ADC payloads – positioning the platform to support next-generation therapeutics.
  • 2023: Suven Pharmaceuticals merges with Cohance - Suven Pharmaceuticals, with its rich heritage in CRAMS and custom synthesis, joined hands with the growing platform. This marked a pivotal point where the vision of Cohance – a differentiated, technology-led CDMO platform – began to take shape.
  • 2024: Expanding into next-gen therapeutic platforms - While the Cohance–Suven integration was underway, the platform advanced further with Sapala Organics (bringing oligonucleotide capabilities) and NJ Bio (offering end-to-end integrated ADC services), broadening scientific reach in novel modalities.
  • 2025: Cohance Lifesciences announced a strategic investment of $10 million to expand cGMP bioconjugation capabilities at its U.S based subsidiary, NJ Bio.

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