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Cohance Lifesciences Ltd.

COHANCEHealthcare filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

17 transcript(s)/analyst meet(s) served; 3 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 17 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202205132022-03-31yes
ANALYST_MEET202206082022-03-31yes
TRANSCRIPT202208162022-06-30yes
TRANSCRIPT202211152022-09-30yes
TRANSCRIPT202212302022-09-30yes
TRANSCRIPT202302132022-12-31yes
TRANSCRIPT202306022023-03-31yes
TRANSCRIPT202308142023-06-30yes
TRANSCRIPT202311142023-09-30yes
TRANSCRIPT202402092023-12-31yes
TRANSCRIPT202406042024-03-31yes
TRANSCRIPT202408142024-06-30yes
TRANSCRIPT202411172024-09-30yes
DUPLICATE202411172024-09-30no
TRANSCRIPT202412132024-09-30yes
TRANSCRIPT202502182024-12-31yes
TRANSCRIPT202506022025-03-31yes
TRANSCRIPT202508192025-06-30yes
DUPLICATE202508192025-06-30no
TRANSCRIPT202511012025-09-30yes
TRANSCRIPT202511172025-09-30yes
TRANSCRIPT202605152026-03-31yes
DUPLICATE202605152026-03-31no
TRANSCRIPT202608112026-06-30yes

COHANCE

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.

Last close454.15
52-week range279.9 – 904.75
Return 1M1.96%
Return 3M-0.85%
Return 1Y-49.43%
Return 3Y-13.85%
Return 5Y-15.97%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations422.00
Other income12.00
Total income435.00
Cost of materials consumed159.00
Purchases of stock-in-trade0.00
Changes in inventories-38.00
Employee benefit expense133.00
Finance costs7.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.570.00
institutions foreign0.070.01
institutions domestic0.20-0.02
mutual funds0.18-0.00
public0.430.00

Documents on file

ClassMost recentOn file
ANALYST_MEET2022-03-311
DUPLICATE2026-03-313
TRANSCRIPT2026-06-3020

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-03-312022-06-302022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-06-302024-09-302024-12-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations364.00339.00278.00354.00369.00348.00231.00220.00231.00258.00307.00549.00556.00545.00619.00422.00
Other income17.0011.0011.0013.0011.0011.0020.0014.0018.0014.0016.0014.0016.006.00-2.0012.00
Total income381.00350.00289.00367.00381.00358.00251.00234.00249.00272.00323.00563.00571.00551.00617.00435.00
Cost of materials consumed130.00113.0086.00136.0096.0080.0051.0064.0038.0047.0067.00178.00192.00196.00139.00159.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Changes in inventories-20.00-16.000.00-26.0021.0021.006.009.0025.005.00-11.00-30.00-50.00-38.0075.00-38.00
Employee benefit expense31.0027.0029.0030.0026.0029.0029.0033.0046.0052.0063.00133.00127.00119.00129.00133.00
Finance costs2.001.000.001.002.001.001.001.002.002.003.0010.009.009.009.007.00
Depreciation and amortisation10.0012.0012.0012.0012.0013.0012.0013.0013.0017.0020.0045.0044.0047.0051.0050.00
Other expenses65.0064.0064.0068.0058.0051.0047.0049.0042.0050.0071.00156.00167.00172.00177.00168.00
Total expenses219.00201.00191.00221.00215.00194.00145.00169.00166.00172.00213.00493.00487.00505.00581.00477.00
Profit before exceptional items and tax161.00149.0098.00146.00166.00164.00105.0065.0083.00100.00110.0071.0084.0045.0036.00-43.00
Exceptional items0.000.000.000.000.000.000.000.000.000.000.00-8.000.00-5.00-17.000.00
Profit before tax161.00149.0098.00146.00166.00164.00105.0065.0083.00100.00110.0063.0084.0041.0020.00-43.00
Current tax60.0041.0025.0038.0041.0041.0024.0015.0020.0028.0042.0018.0027.0012.0022.002.00
Deferred tax10.001.001.001.002.002.002.004.002.00-10.00-15.00-2.00-10.00-1.00-11.000.00
Tax expense70.0041.0026.0038.0042.0043.0026.0019.0022.0018.0026.0016.0017.0012.0012.002.00
Profit for the period92.00108.0072.00108.00124.00121.0080.0047.0061.0082.0083.0046.0066.0029.008.00-45.00
Profit attributable to owners0.000.00—0.00—0.00——0.0082.0083.0049.0074.0037.0020.00-24.00
Profit attributable to non-controlling interests0.000.00—0.00—0.00——0.00-0.000.00-2.00-8.00-8.00-11.00-21.00
Other comprehensive income-0.00-0.00-0.00-0.000.000.000.00-1.001.00-0.003.00-0.006.007.0086.006.00
Total comprehensive income92.00107.0072.00108.00124.00121.0080.0046.0061.0082.0086.0046.0072.0036.0094.00-39.00
Earnings per share, basic3.604.222.834.234.874.743.131.842.393.233.261.281.940.960.51-0.63
Earnings per share, diluted3.604.222.834.234.874.743.131.842.393.213.231.271.930.960.50-0.65

Annual results, as filed

Line2020-03-312021-03-312022-03-312023-03-312026-03-31
Revenue from operations834.001,010.001,320.001,340.002,269.00
Other income18.0014.0092.0046.0034.00
Total income852.001,024.001,413.001,387.002,303.00
Cost of materials consumed240.00310.00459.00430.00705.00
Purchases of stock-in-trade0.000.000.000.000.00
Changes in inventories-11.00-8.00-60.00-21.00-43.00
Employee benefit expense74.0076.00100.00111.00508.00
Finance costs23.009.006.005.0037.00
Depreciation and amortisation24.0032.0039.0048.00187.00
Other expenses146.00191.00241.00254.00671.00
Total expenses496.00610.00786.00827.002,066.00
Profit before exceptional items and tax356.00414.00626.00560.00237.00
Exceptional items0.000.000.000.00-29.00
Profit before tax356.00414.00626.00560.00207.00
Current tax89.00102.00190.00144.0080.00
Deferred tax-1.004.0023.004.00-23.00
Tax expense88.00105.00214.00148.0057.00
Profit for the period317.00362.00454.00411.00150.00
Profit attributable to owners——0.00—179.00
Profit attributable to non-controlling interests——0.00—-29.00
Other comprehensive income-1.00-1.00-1.00-0.0099.00
Total comprehensive income316.00362.00453.00411.00249.00
Earnings per share, basic24.9114.2317.8316.164.69
Earnings per share, diluted24.9114.2317.8316.164.68

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-09-302025-09-302026-03-31
Total assets1,806.001,966.002,120.002,506.005,568.005,730.00
Non-current assets884.00955.00951.001,324.003,723.003,902.00
Current assets922.001,011.001,169.001,147.001,809.001,796.00
Property, plant and equipment591.00584.00572.00652.001,763.001,990.00
Capital work-in-progress87.00165.00172.00241.00357.00173.00
Goodwill0.000.000.00214.001,255.001,284.00
Other intangible assets79.0079.0079.0058.0095.0095.00
Inventories318.00313.00271.00215.00593.00562.00
Trade receivables111.00111.00137.00184.00590.00681.00
Cash and cash equivalents67.0065.0058.0037.0083.0049.00
Total equity and liabilities1,806.001,966.002,120.002,506.005,568.005,730.00
Equity1,503.001,735.001,935.002,028.003,925.004,034.00
Equity share capital25.0025.0025.0025.0038.0038.00
Other equity1,478.001,710.001,910.001,953.003,749.003,873.00
Total liabilities303.00231.00184.00477.001,644.001,696.00
Non-current liabilities86.0072.0072.00239.001,012.001,050.00
Current liabilities216.00159.00112.00238.00631.00646.00
Borrowings, non-current20.005.000.007.0073.0050.00
Borrowings, current70.0065.0049.002.00149.00119.00
Trade payables86.0065.0043.0065.00313.00285.00

Cash flow, as filed

Line2021-09-302022-03-312022-09-302023-03-312023-09-302024-09-302025-09-302026-03-31
Net cash from operating activities123.00330.00416.00451.00252.00178.00261.00368.00
Net cash from investing activities-71.00-136.00-183.00-195.00-238.00-142.00-194.00-255.00
Net cash from financing activities-41.00-156.00-211.00-236.00-22.00-46.00-83.00-165.00
Purchase of property, plant and equipment42.0075.00194.00286.0027.000.0090.00220.00
Net increase in cash17.0037.0022.0020.00-7.00-10.00-14.00-48.00
con:CFO.BEFORE_TAX182.00514.00476.00617.00335.00215.00322.00436.00
con:INTEREST_RECEIVED.OPERATING0.000.00-3.00-6.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING59.00184.0057.00146.0065.0037.0061.0068.00
con:CF_OTHER.OPERATING0.000.000.00-15.00-17.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS0.000.000.000.000.00-69.000.0021.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED5.00-244.000.000.000.00257.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-05-092025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group60.0060.0060.0050.1050.1050.1050.1050.1066.4166.410.570.570.570.57
Domestic institutions10.6214.1415.9417.2417.4216.9416.6816.6011.0211.400.210.220.220.20
Mutual funds—————————8.900.160.170.190.18
Insurance companies0.111.381.891.572.092.533.203.262.172.270.040.040.030.02
Foreign institutions9.5010.0110.149.549.8010.7010.8411.057.387.230.070.060.060.07
Government—————————0.010.000.000.000.00
Public40.0040.0040.0049.9049.9049.9049.9049.9033.5933.590.430.430.430.43
Non-institutional19.8715.8413.9123.1022.6722.2522.3722.2315.1814.950.150.150.150.16
Shares outstanding254564956254564956254564956254564956254564956254564956254564956254564956382567140382567140382567140382567140382567140382567140

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Mr.Annaswamy Vaidheesh (till September 19, 2024)Key management personnelRemuneration29,800,000.001
Mr.Sudhir Kumar SinghKey management personnelRemuneration23,100,000.001
Mr.Himanshu AgarwalKey management personnelRemuneration20,600,000.001
Sapala Co Ltd, JapanEnterprise over which KMP have sigPurchase of goods or services, Sale of goods or serv18,900,000.002
Mr.Vivek Sharma(w.e.f September 20, 2024)Key management personnelRemuneration13,600,000.001
Cohance lifesciences limitedCommon PromoterAny other transaction, Sale of goods or services9,900,000.005
Casper pharma private limitedWholly Owned SubsidiaryAny other transaction, Sale of goods or services6,900,000.002
Rasayan IncShareholderPurchase of goods or services3,800,000.001
Dr. Paidi Yella Reddy (Director)Key management personnelRemuneration3,700,000.001
Sampada Laboratories Pvt LtdEnterprise over which KMP have sigAny other transaction3,400,000.003
Mr.Vinod RaoKey management personnelAny other transaction1,500,000.001
Mr.Kumarapuram Gopalakrishnan AnanthakrishnanKey management personnelAny other transaction1,500,000.001
Mrs.Matangi GowrishankarKey management personnelAny other transaction1,500,000.001
Mr.Pravin Udhyavara Bhadya RaoKey management personnelAny other transaction1,500,000.001
Mr.Kundan Kumar JhaKey management personnelRemuneration1,000,000.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-05-15Q4FY26Read the call
2025-08-19Q1FY26Read the call
2025-06-02Q4FY25Read the call
2025-02-18Q3FY25Read the call
2024-11-17Q2FY25Read the call
2024-08-14Q1FY25Read the call
2024-06-04Q4FY24Read the call
2024-02-09Q3FY24Read the call
2023-11-14Q2FY24Read the call
2023-08-14Q1FY24Read the call
2023-06-02Q4FY23Read the call
2023-02-13Q3FY23Read the call
2022-12-30Q2FY23Read the call
2022-11-15Q2FY23Read the call
2022-08-16Q1FY23Read the call
2022-05-13Q4FY22Read the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ3FY23Q3FY24Q3FY25Q4FY22Q4FY23Q4FY24Q4FY25Q4FY26
CapexAnd right now, I don't need any capital expenditure for the Casper.Talking about near-term weakness, so, what's your CAPEX plan, are we putting that on hold, or we want to continue with that, if you can throw light on…You are aware that we have given a growth CAPEX to NJ Bio and we are keen to kind of create a commercial facility in New Jersey to accelerate the grow…So, is there any other plans to utilize this cash apart from the normal capex that we would be doing in Suven Pharma?285 crore on capex in FY23, can you please elaborate in terms of what was the areas where we spent this capex on?So what kind of investment are you looking in terms of capex to have that kind of a revenue?314 crore of CAPEX that is there on the Pro forma P&L for FY '25.—
Capital allocation——My question pertains to the NJ Bio Pharma acquisition.On your Casper acquisition, can you share what is the outlook here, what is your plan going forward with this facility, what kind of product are you f…My second question is on the acquisition and merger process, where are we currently in this process related to the tender and related to the acquisiti…I would like to know whether along with the acquisition of Suven Pharma; Casper Pharma is also being acquired by Advent, am I right?Rationale for acquisition of Sapala and NJ Bio, I think we have been consistently saying as a tech, as CEO, we wanted to expand our capabilities on te…—
Costs——We might end up supplying some of the very basic raw materials to them, yet it can be commercial.On gross margins, we are also seeing inflationary pressure on the raw material prices.The only reason is not able to have the things and get the raw material somewhere else and high prices and suddenly sometimes it may affect it, but in…———
Debt and cash——My second question is on the working capital.Because we'll be obviously generating another Rs.350, 400 crore kind of operating cash this year itself, so you just want to kind of pile up on the ex…—Because normally we state positive figure as net debt.——
DemandBut any number of late stage products we have in the pipeline?Just to let you know, as you understand the kind of innovative customer that we deal with, we are abide by certain NDAs and we prefer not to dwell on …So, our strategic intent of lateral is also expanding the pipeline.Firstly, since we have completed this Casper Pharma's acquisition, could you talk a little bit about the opportunity over here, like what is the end m…And the second question on the CDMO Pharma, so if you can give your pipeline for Phase-3 and Phase-2 molecules?Are the inquiries related to more developmental projects which are in earlier phases or is it more related to Phase 2 and Phase 3 pipeline?Abdulji, at the current stage, we can only share with you that the Phase-3 pipeline has actually grown healthy.I think what we must understand, and I think I mentioned that to Kartik, that there is a large commercial which got dropped in the FY26. And as you kn…
GuidanceI think the long-term growth prospects are very good and we expect that to benefit us in the long run, especially with the China Plus One or China Min…We are seeing that given the global situation starting right now, we expect the next few quarters to be soft.And therefore we expect the demand to come back shortly.So, as it is, this was a good growth last year compared to the year before and we hope to maintain the same plus around 10% to 15% growth as of now th…We expect more 7 or 8 approvals during this year and that will add to revenue eventually.I think Dr. Prasada has also mentioned in various communications that we are investing in the business and we continue to invest in the business becau…And, into your guidance for next year of double-digit growth, so just wanted to understand what would be the key growth drivers, including your Pharma…One is if you could for FY26, that is split the CDMO revenues into ADCs, small molecules, Sapala, and NJ and give an outlook for '27 and beyond?
MarginAt the same time, the EBITDA is less by about Rs.Can you help us understand what this adjusted EBITDA, I mean, the old inventory provision that you have kind of provided in the recent presentation?—But that would be slightly lower than FY22, right, if you're saying 40% EBITDA margin then?Despite this our gross margin on a YoY basis and on a quarter- on-quarter basis contracted and our EBITDA margin is high because there is a lower cost…In the fourth quarter, gross margins have improved, but your EBITDA margins are down.Does that continue to remain for some more time, and which is why the EBITDA margin dragged down?And the first half is weak with quarter 1 in particular weak with both revenue and EBITDA.
PeopleSo, can you just give an update on the Casper facility, which you acquired last year and whether your contract to increase the capacity utilization ov…So again, this is an ongoing exercise of current capacity utilization in the case of various units of Suven that we have.——————
Pricing————So, I do not see any difference on that it will not affect anything because what we are saying is what we are giving is the number of steps we do, the…So I'm just talking on the pricing front in the API segment.——
Revenue growthSo, as now this thing stands, I think maybe we'll be able to come to the same number as last year, maybe a slight growth of earnings too also is a pos…I'm just referring to your page #24 of the annual report where you had mentioned that and I quote, “The growth seems to be subdued owing to the one-of…I would like to understand when do we start seeing that kind of acceleration in our topline?Just because we have cash I can't go into the market and acquire no. So, the opportunity which meets the requirements, I don't want to go to a mom and…—Obviously, the cost is not going to grow in-line with the revenue growth.And we keep monitoring very closely whatever is relevant which will accelerate the growth of the existing business while it becomes an additional adva…—