Sai Life Sciences Ltd
NSE: SAILIFE BSE: 544306Pharma
Incorporated in 1999, Sai Life Sciences Ltd carries out contract research and manufacturing activities for customers engaged in pharmaceutical and bio technology industries[1]
₹1,128
52W: ₹700 — ₹1139
PE 68.8 · Book ₹118 · +856% vs bookMarket Cap₹23,889 Cr
Stock P/E68.8Price to Earnings
ROCE19.2%Return on Capital
ROE14.9%Return on Equity
Div. Yield0%Face Value ₹1
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
- +Company has delivered good profit growth of 39.7% CAGR over last 5 years
Weaknesses
- −Stock is trading at 9.16 times its book value
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has a low return on equity of 12.6% over last 3 years.
Shareholding Pattern
Promoters34.61%
FIIs21.17%
DIIs31.54%
Public12.69%
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 35.23% | 35.16%▼0.1 | 35.15%▼0.0 | 34.95%▼0.2 | 34.7%▼0.3 | 34.61%▼0.1 |
| FIIs | 11.72% | 12.36%▲0.6 | 14.57%▲2.2 | 22.5%▲7.9 | 21.41%▼1.1 | 21.17%▼0.2 |
| DIIs | 11.95% | 13.26%▲1.3 | 21.64%▲8.4 | 29.92%▲8.3 | 31.41%▲1.5 | 31.54%▲0.1 |
| Public | 41.08% | 39.21%▼1.9 | 28.64%▼10.6 | 12.65%▼16.0 | 12.49%▼0.2 | 12.69%▲0.2 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 373 | 428 | 264 | 382 | 429 | 567 | 483 | 527 | 549 | 594 |
| Expenses | 279 | 301 | 240 | 281 | 317 | 413 | 370 | 387 | 370 | 426 |
| Operating Profit | 94 | 127 | 25 | 101 | 111 | 154 | 113 | 140 | 179 | 168 |
| OPM % | 25% | 30% | 9% | 26% | 26% | 27% | 23% | 27% | 33% | 28% |
| Net Profit | 40 | 62 | -11 | 44 | 51 | 90 | 58 | 83 | 98 | 103 |
| EPS ₹ | 0 | 0 | 0 | 0 | 2.45 | 4.32 | 2.8 | 3.95 | 4.62 | 4.84 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹2,153Cr, up 31.1% YoY. OPM at 28%.
Debt Position
Borrowings at ₹223Cr. Debt-to-equity ratio: 0.09x. Healthy balance sheet.
Capex Cycle
CWIP at ₹270Cr (16% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 31.54% (+19.59pp change). FIIs: 21.17% (+9.45pp change). Promoters hold 34.61%.
Margin & Efficiency
ROCE improving from 0% (Mar 2019) to 19% (Mar 2026). Working capital days: 76.
Valuation
PE 68.8x with 19.2% ROCE. Price is 856% above book value of ₹118. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d - Newspaper publication for the Audited Financial Results for the quarter and year ended 31 March 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 2d - Sai Life Sciences uploaded Q4/FY26 audited results earnings call recording on 15 May 2026.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 2d - Allotment of 92,000 Equity Shares under ESOP Schemes of the Company.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 2d - CRISIL monitoring report for quarter ended 31 March 2026 shows IPO proceeds fully utilized, no deviations.
- Announcement under Regulation 30 (LODR)-Investor Presentation 2d - Investor Presentation for the quarter and year ended 31 March 2026.
- Financial Year 2025 from bse
- Rating update 26 Feb from icra
- Rating update 14 Aug 2025 from fitch