Viyash Scientific Ltd
Sequent Scientific is India's leading animal health company, with presence in 5+ continents across 100 countries. Sequent Scientific Limited provides a wide-ranging portfolio of animal health products, including Finished Dose Formulations, APIs, as well as analytical services to the pharmaceutical and life sciences industries.
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
- +Company is expected to give good quarter
Weaknesses
- −Stock is trading at 8.26 times its book value
- −Though the company is reporting repeated profits, it is not paying out dividend
- −The company has delivered a poor sales growth of -4.75% over past five years.
- −Company has a low return on equity of 0.41% over last 3 years.
- −Debtor days have increased from 86.8 to 141 days.
- −Working capital days have increased from 26.9 days to 64.5 days
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 52.78% | 52.76%▼0.0 | 52.61%▼0.1 | 52.61% | 52.61% | 52.33%▼0.3 | 61.41%▲9.1 | 61.31%▼0.1 |
| FIIs | 5.69% | 6.45%▲0.8 | 6.1%▼0.4 | 6.05%▼0.0 | 6.15%▲0.1 | 5.9%▼0.3 | 3.16%▼2.7 | 2.94%▼0.2 |
| DIIs | 8.06% | 9.99%▲1.9 | 12.01%▲2.0 | 12.82%▲0.8 | 12.98%▲0.2 | 12.91%▼0.1 | 7.36%▼5.5 | 7.98%▲0.6 |
| Public | 33.3% | 30.63%▼2.7 | 29.12%▼1.5 | 28.36%▼0.8 | 28.1%▼0.3 | 28.69%▲0.6 | 27.97%▼0.7 | 27.67%▼0.3 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 49.12 | 42.21 | 36.77 | 57.67 | 41.99 | 338.05 | 42.33 | 41.07 | 339.75 | 341.64 |
| Expenses | 56.82 | 46.36 | 42.53 | 59.65 | 44.09 | 279.77 | 45.15 | 43.11 | 287.7 | 271.3 |
| Operating Profit | -7.7 | -4.15 | -5.76 | -1.98 | -2.1 | 58.28 | -2.82 | -2.04 | 52.05 | 70.34 |
| OPM % | -15.68% | -9.83% | -15.66% | -3.43% | -5% | 17.24% | -6.66% | -4.97% | 15.32% | 20.59% |
| Net Profit | -0.92 | 4.58 | 3.76 | 4.5 | 4.26 | 51.13 | 4.23 | 3.37 | 22.84 | -0.08 |
| EPS ₹ | -0.04 | 0.18 | 0.15 | 0.18 | 0.17 | 2.04 | 0.17 | 0.13 | 0.91 | 0 |
AI Insights
TTM revenue at ₹765Cr, up 329.8% YoY. OPM at 15%.
Borrowings at ₹23Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.
CWIP at ₹1Cr (2% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 7.98% (+5.06pp change). FIIs: 2.94% (-3.33pp change). Promoters hold 61.31%.
ROCE improving from -6% (Mar 2014) to 2% (Mar 2025). Working capital days: 64.
PE 265x with 2.4% ROCE. Price is 730% above book value of ₹27.1. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Change in Management 1d - AVP Legal and Compliance Phillip Trott died on May 15, 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 12 May - Viyash Scientific scheduled Q4 FY26 earnings conference call on May 20, 2026 at 4:00 p.m.
- Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29(1) Of The SEBI (LODR) Regulations, 2015 12 May - Board to meet on May 19, 2026, for FY26 audited results and possible dividend.
- Announcement under Regulation 30 (LODR)-Credit Rating 30 Apr - India Ratings upgraded Viyash’s INR 350 million bank facilities to IND AA-/Stable and IND A1+.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 28 Apr
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse