Anthem Biosciences logo

Anthem Biosciences share price

NSE: ANTHEMBSE: 544449Pharmaceuticals & BiotechnologyMid Cap

Anthem Biosciences Limited · Face value ₹2 · Listed Jul 2025 · Issue price ₹570
Last close ₹830.15down ₹2.00 (0.24%)BSE ₹831.00

Share price at the NSE close on 29 Oct 2026. Previous close ₹832.15.

29 Oct: open ₹831.20, high ₹835.10, low ₹819.10

52-week range of traded prices to 29 Oct 2026
₹579.15Low, 2 Feb 2026₹977.55High, 9 Sep 2026
Market cap
₹46,781 Cr226th largest listed
P/E
81.23
P/B
15.38
Dividend yield
0.24%
ROE
18.9%
ROCE
21.2%
Debt to equity
0.02
Volume, NSE
2,06,08953.6% delivered

Anthem Biosciences share price chart

Daily closes since Jul 2025, adjusted for splits and bonuses

+14.2%over a year

Results20-session average 3,75,621 shares a day, 54.7% delivered

About Anthem Biosciences

Anthem Biosciences is a contract research, development and manufacturing organisation (CRDMO): it discovers, develops and makes drug molecules for pharmaceutical and biotechnology companies around the world, from early research to commercial manufacturing.12 It also makes speciality ingredients such as probiotics, enzymes, nutritional actives and vitamin analogues.3 Its manufacturing facilities are in Bengaluru.4

It reports 2 segments, CRDMO Services and Speciality Ingredients, and works across small molecules, biologics (medicines made from living cells), peptides, oligonucleotides (short strands of genetic material) and high-potency compounds (active at very small doses).5 Exports made up 85% of revenue from operations in the year to Mar 2026.6 Units I and II meet the standards of regulators including the US FDA, Brazil's ANVISA, Japan's PMDA and Australia's TGA.78 Unit III is run by NeoAnthem Lifesciences, a wholly owned subsidiary, and was commissioned in phases during 2025 and 2026.910

It was incorporated in 2006, and Unit I in Bommasandra was commissioned in 2007.1112 True North, a private equity investor, invested in 2021 and made a full exit in 2026.13 Its founders are Ajay Bhardwaj, Ganesh Sambasivam and K Ravindra Chandrappa; Ajay Bhardwaj is Chairman, Managing Director and Chief Executive Officer.1411 Promoters held 68.58% of the equity at the end of Mar 2026.15

Anthem Biosciences key points

Results

  • In the year to Mar 2026, consolidated revenue from operations rose 15.2% to ₹21,243 million, EBITDA (earnings before interest, tax, depreciation and amortisation, including other income) rose 30.8% to ₹9,896 million, the company's EBITDA margin being 43.4%, and profit after tax rose 31.1% to ₹5,918 million.161718
  • In the quarter to Jun 2026, consolidated revenue from operations fell 22.6% from a year earlier to ₹4,182 million. EBITDA, including other income of ₹249 million, fell 18.1% to ₹1,755 million, the company's EBITDA margin being 39.6%; profit after tax was ₹1,199 million.192021
  • The company's net cash (cash in excess of borrowings) was ₹17,197 million at the end of Jun 2026, against ₹7,848 million a year earlier.2223
  • The board recommended a final dividend of ₹2.00 per share for the year to Mar 2026, subject to shareholders' approval.24

Business segments

  • Revenue by segment, ₹ million2526
    Itemyear to Mar 2026year to Mar 2025
    CRDMO17,72715,061
    Speciality Ingredients3,5163,385
    CRDMO revenue grew 17.7% and made up 83.4% of total revenue.
  • Revenue by segment, ₹ million27
    Itemquarter to Jun 2026quarter to Jun 2025
    CRDMO3,4084,527
    Speciality Ingredients774875
  • CRDMO Services. Research, development and manufacturing for drug makers: medicinal chemistry, process development, preclinical research and manufacturing to GMP (good manufacturing practice, the quality standard regulators set).28
  • Speciality Ingredients. Science-based products for pharmaceutical, nutraceutical and industrial uses. The business is largely focused on India.2930

Plants and capacity

  • The company has 3 manufacturing units, and 425 kilolitres (KL) of custom synthesis capacity (making chemical compounds to a customer's order) and 142 KL of fermentation capacity (growing microbes to make a product) across its manufacturing network.3132
  • Capacity by unit: custom synthesis / fermentation33
    ItemMar 2026
    Unit I, Bommasandra24 KL / 2 KL
    Unit II, Harohalli376 KL / 140 KL
    Unit III (NeoAnthem), Harohalli25 KL / 40 KL, fermentation yet to be commissioned
  • In the quarter to Jun 2026, Unit I used about 78% of its custom synthesis capacity, Unit II about 50% of both its custom synthesis and its fermentation capacity, and Unit III 30% to 35%.34

Customers and partners

  • Clients by type3536
    Itemyear to Mar 2026
    Large pharmaceutical companies9
    Mid-sized pharmaceutical companies20
    Emerging biotech and small pharmaceutical companies100+
    Counting Speciality Ingredients, the company has more than 550 customers.
  • A partnership with Davos Pharma gives the company access to biotech companies in the US.36
  • On its earnings call of 22 Jul 2026, the company said it had added 1 new large pharmaceutical customer, whose agreement was not yet signed.37

Research and development

  • In Jun 2026 the company worked on 14 commercial molecules, 10 in late-phase development (Phase III, the last stage of human trials before approval) and more than 100 early-stage programmes.3839
  • Customers commercialised 4 molecules in the year to Mar 2026, and commercial molecules brought in 60.8% of revenue that year.40
  • R&D services brought in ₹1,732 million, 8.2% of revenue from operations, in the year to Mar 2026. R&D expense was ₹182 million; the company has 2 R&D centres, 13 registered patents and 23 patents filed or pending.4142

Expansion and capital spending

  • On its earnings call of 22 Jul 2026, the company said Phase I of Unit IV adds 365 KL of custom synthesis and 100 KL of fermentation capacity for about ₹1,200 crore, and expects it ready by the end of Mar 2028.43
  • On its earnings call of 22 Jul 2026, the company said it targets capital spending of about ₹700 crore in the year to Mar 2027.44

What the company expects

  • On its earnings call of 22 Jul 2026, the company said it expects growth in the year to Mar 2027 in line with its past record, without giving a percentage, after customers deferred deliveries from the quarter to Jun 2026 to later quarters.454647
  • On its earnings call of 22 Jul 2026, the company said orders already in hand (its order book) covered about 60% of what the whole business plans to deliver in the year to Mar 2027.48
  • On its earnings call of 22 Jul 2026, the company said it had not started supplying its GLP-1 API (the active ingredient of a class of diabetes and weight-loss drugs), pending approval from CDSCO, India's drug regulator, expected in a quarter or 2.495051

Recent events

  • On 2 Jul 2026, ICRA upgraded its long-term rating on the company's bank facilities (its opinion of the ability to repay) to AA (Stable) from AA- (Positive), and reaffirmed the short-term rating of A1+.52
  • On 21 Jul 2025, the shares were listed on BSE and NSE after an initial public offering of ₹33,950 million, entirely an offer for sale (existing shareholders selling, so no new money for the company).53

Last updated

All 53 sources, each with its page
  1. 1. Annual report, 30 Jun 2026, page 38
  2. 2. Annual report, 30 Jun 2026, page 4
  3. 3. Annual report, 30 Jun 2026, page 80
  4. 4. Annual report, 30 Jun 2026, page 81
  5. 5. Annual report, 30 Jun 2026, page 75
  6. 6. Annual report, 30 Jun 2026, page 118
  7. 7. Annual report, 30 Jun 2026, page 81
  8. 8. Annual report, 30 Jun 2026, page 83
  9. 9. Annual report, 30 Jun 2026, page 81
  10. 10. Annual report, 30 Jun 2026, page 39
  11. 11. Annual report, 30 Jun 2026, page 36
  12. 12. Annual report, 30 Jun 2026, page 81
  13. 13. Annual report, 30 Jun 2026, page 5
  14. 14. Annual report, 30 Jun 2026, page 10
  15. 15. Annual report, 30 Jun 2026, page 110
  16. 16. Annual report, 30 Jun 2026, page 83
  17. 17. Annual report, 30 Jun 2026, page 75
  18. 18. Annual report, 30 Jun 2026, page 23
  19. 19. Investor presentation, 21 Jul 2026, page 4
  20. 20. Investor presentation, 21 Jul 2026, page 7
  21. 21. Investor presentation, 21 Jul 2026, page 5
  22. 22. Investor presentation, 21 Jul 2026, page 7
  23. 23. Investor presentation, 21 Jul 2026, page 5
  24. 24. Annual report, 30 Jun 2026, page 40
  25. 25. Annual report, 30 Jun 2026, page 83
  26. 26. Annual report, 30 Jun 2026, page 83
  27. 27. Investor presentation, 21 Jul 2026, page 4
  28. 28. Annual report, 30 Jun 2026, page 77
  29. 29. Annual report, 30 Jun 2026, page 80
  30. 30. Earnings call, 22 Jul 2026, page 5
  31. 31. Annual report, 30 Jun 2026, page 7
  32. 32. Annual report, 30 Jun 2026, page 81
  33. 33. Annual report, 30 Jun 2026, page 81
  34. 34. Earnings call, 22 Jul 2026, page 4
  35. 35. Annual report, 30 Jun 2026, page 20
  36. 36. Annual report, 30 Jun 2026, page 21
  37. 37. Earnings call, 22 Jul 2026, page 5
  38. 38. Investor presentation, 21 Jul 2026, page 6
  39. 39. Earnings call, 22 Jul 2026, page 8
  40. 40. Annual report, 30 Jun 2026, page 20
  41. 41. Annual report, 30 Jun 2026, page 30
  42. 42. Annual report, 30 Jun 2026, page 22
  43. 43. Earnings call, 22 Jul 2026, page 9
  44. 44. Earnings call, 22 Jul 2026, page 9
  45. 45. Earnings call, 22 Jul 2026, page 8
  46. 46. Earnings call, 22 Jul 2026, page 9
  47. 47. Earnings call, 22 Jul 2026, page 5
  48. 48. Earnings call, 22 Jul 2026, page 6
  49. 49. Earnings call, 22 Jul 2026, page 10
  50. 50. Earnings call, 22 Jul 2026, page 14
  51. 51. Annual report, 30 Jun 2026, page 20
  52. 52. Exchange filing, 3 Jul 2026, page 2
  53. 53. Annual report, 30 Jun 2026, page 38

Results

Consolidated; ₹ crore.Anthem Biosciences quarterly results

Quarter to Jun 2026, against the quarter before

Revenue
₹418 Crdown 31.55%
Net profit
₹120 Crdown 36.79%
Net margin
28.7%

Revenue by quarter

₹540 CrJun 25₹550 CrSep 25₹423 CrDec 25₹611 CrMar 26₹418 CrJun 26
Peak revenue ₹611 Cr, quarter to Mar 2026; lowest ₹418 Cr, quarter to Jun 2026

Net profit by quarter, a loss in red

₹136 CrJun 25₹173 CrSep 25₹93 CrDec 25₹190 CrMar 26₹120 CrJun 26
₹ croreJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue540550423611418
Net profit13617393190120
Net margin25.1%31.5%21.9%31.1%28.7%
Consolidated. The 5 quarters from Jun 2025, the first on record. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • CRDMO₹1,773 Cr83.5%
  • Speciality Ingredients₹352 Cr16.5%

Valuation

Today, against the company's own history.Anthem Biosciences PE ratio and valuation

Price to book

At or below today's level on 72% of 241 trading days since Nov 2025.

LowestHighest
Its median14.25Industry median2.98
Dividend yield

At or below today's level on 85% of 247 trading days over the last year.

LowestHighest
Its median0.00%Industry median0.48%

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Anthem Biosciences shareholding pattern

Shareholding by group

  • Promoters71.40%
  • Foreign institutions3.79%
  • Indian institutions12.10%
  • Individuals and others12.70%
Holder
AJAY BHARDWAJPromoter42.39%
ISHAAN BHARDWAJPromoter10.12%
GANESH SAMBASIVAMPromoter8.10%
K C RAVINDRAPromoter7.75%
PORTSMOUTH TECHNOLOGIES LLCForeign companies2.73%
MALAY JIBAN BARUAResident individuals, over ₹2 lakh at face value2.26%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.02 pts, foreign institutions +1.21 pts, Indian institutions −1.38 pts, mutual funds −1.90 pts.

The filing reports 11,23,30,000 of its 56,35,28,045 shares locked in.

Mutual fund holdings

155 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 69 of the 93 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 155 funds holding Anthem Biosciences

Bought for the first time
4
Added
65
Cut
28
Held unchanged
56
Sold out
4
Fund
HDFC Mutual Fund logoHDFC Flexi Cap FundHDFC Mutual Fund74,00,1110.59%₹635.4 Cr
SBI Mutual Fund logoSBI Midcap FundSBI Mutual Fund43,18,2001.59%₹370.8 Cr
Axis Mutual Fund logoAxis ELSS Tax Saver FundAxis Mutual Fund29,22,4000.83%₹250.9 Cr
Aditya Birla Sun Life Mutual Fund logoAditya Birla Sun Life Flexi Cap FundAditya Birla Sun Life Mutual Fund24,50,0000.75%₹210.4 Cr
SBI Mutual Fund logoSBI MNC FundSBI Mutual Fund22,00,0002.96%₹188.9 Cr
SBI Mutual Fund logoSBI Healthcare Opportunities FundSBI Mutual Fund18,80,0002.75%₹161.4 Cr
Axis Mutual Fund logoAxis Midcap FundAxis Mutual Fund18,52,2940.47%₹159.0 Cr
UTI Mutual Fund logoUTI Mid Cap FundUTI Mutual Fund16,00,0001.15%₹137.4 Cr
Kotak Mahindra Mutual Fund logoKotak Multi Asset Allocation FundKotak Mahindra Mutual Fund15,79,0810.89%₹135.6 Cr
HDFC Mutual Fund logoHDFC Pharma and Healthcare FundHDFC Mutual Fund12,91,6293.17%₹110.9 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Anthem Biosciences insider trading

Bought on the market Sold on the market
  • Others0 purchases, 2 salesNo purchase₹1,338 CrNet−₹1,338 Cr48 pledge filings of unclear kind
  • Promoters and promoter group: no market trade · 2 off-market moves
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Anthem Biosciences competitors and peers

Pharmaceuticals & Biotechnology, 221 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Anthem Biosciences in market cap.Healthcare companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Biocon logoBioconBIOCON57,349115.791.69+9.8%+28.6%1.8%2.9%0.14%
Abbott India logoAbbott IndiaABBOTINDIA55,55634.4111.64+6.3%+11.2%35.9%39.6%2.51%
Gland Pharma logoGland PharmaGLAND50,73344.944.90+17.6%+46.5%11.6%12.4%0.65%
IPCA Laboratories logoIPCA LaboratoriesIPCALAB48,86937.316.06+10.6%+68.2%17.4%17.6%0.31%
Ajanta Pharma logoAjanta PharmaAJANTPHARM43,23238.099.55+20.2%+22.0%27.3%27.2%1.73%
GlaxoSmithKline Pharmaceuticals logoGlaxoSmithKline PharmaceuticalsGLAXO42,60739.8918.79+5.8%+12.4%50.6%56.3%2.27%
Emcure Pharmaceuticals logoEmcure PharmaceuticalsEMCURE35,38134.987.15+18.4%+35.9%21.5%25.2%0.19%
Acutaas Chemicals logoAcutaas ChemicalsACUTAAS32,55874.1417.53+45.2%+96.1%26.9%30.2%0.06%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Anthem Biosciences dividend history

Dividend per share, ₹, restated for later splits and bonuses

2Mar 26
Highest ₹2.00 a share, year to Mar 2026.
Ex-dateTypePer share
25 Jun 2026Final₹2.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Anthem Biosciences announcements

Anthem Biosciences share price by year

Each calendar year to 2025.Anthem Biosciences share price history

YearClose at year endChangeHighest closeLowest close
2025651.50–864.50628.25
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2025 is from its first session, 21 Jul 2025.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026834.00836.55827.05832.15832.5665,49148.3%
27 Oct 2026822.25846.05815.80837.15836.642,06,74457.6%
26 Oct 2026805.05825.00802.05822.25816.451,83,68143.7%
23 Oct 2026795.00817.80783.35812.80799.045,35,89649.5%
22 Oct 2026798.00808.85789.00800.75800.662,45,42253.8%
21 Oct 2026808.45819.60795.00805.55803.395,01,17955.0%
19 Oct 2026822.15825.80802.85808.50814.983,60,86754.7%
16 Oct 2026840.30843.15816.60822.15824.165,99,94960.2%
15 Oct 2026850.00854.80824.85842.10840.268,52,91257.2%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson and managing director and CEO
AJAY BHARDWAJ
At the end of the quarter to Sep 2026
NSE symbol
ANTHEM
BSE code
544449
ISIN
INE0CZ201020
Industry
Pharmaceuticals & Biotechnology
CIN
U24233KA2006PLC039703
Corporate identity number, the registrar of companies' code for it
Incorporated
2006
Registered office
No. 49, F1 & F2, Phase 1, Canara Bank Road, Bommasandra Industrial Area, Bommasandra, Bengaluru 560099, Karnataka
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments