Cohance Lifesciences logo

Cohance Lifesciences share price

NSE: COHANCEBSE: 543064Pharmaceuticals & BiotechnologySmall Cap

Cohance Lifesciences Limited · Formerly Suven Pharmaceuticals · Face value ₹1 · Listed Mar 2020
Last close ₹444.30down ₹37.05 (7.70%)BSE ₹444.45

Share price at the NSE close on 30 Oct 2026. Previous close ₹481.35.

30 Oct: open ₹478.00, high ₹481.30, low ₹442.15

52-week range of traded prices to 30 Oct 2026
₹266.70Low, 9 Mar 2026₹794.75High, 30 Oct 2025
Market cap
₹16,999 Cr428th largest listed
P/E
160.02
P/E without one-offs
133.22
P/B
4.35
Dividend yield
Nonein the last 12 months
ROE
3.8%
ROE without one-offs
4.6%
ROCE
3.0%
Debt to equity
0.04
Volume, NSE
14,97,28643.3% delivered

Cohance Lifesciences share price chart

Daily closes since Mar 2020, adjusted for splits and bonuses

−43.0%over a year · Nifty MidSmall Healthcare +17.0% · Nifty 500 −8.2%

Results20-session average 8,05,130 shares a day, 46.7% delivered

About Cohance Lifesciences

Cohance Lifesciences is a Hyderabad-based contract development and manufacturing organisation (CDMO), which develops and makes medicines and their ingredients for innovators (companies that discover new drugs), biotechnology companies and generic drug makers.12 It specialises in small molecules, antibody-drug conjugates (ADCs, cancer drugs that link an antibody to a payload) and oligonucleotides (short genetic strands used as medicines), with plants in India and the US serving North America, Europe and Japan.1

The business runs as Pharma CDMO, API+ (drug active ingredients through to pellets and finished formulations) and Speciality Chemicals, which makes crop-protection molecules with agrochemical innovators and performance chemicals for display electronics and coatings.324 Its subsidiaries include Sapala Organics in India, which makes oligonucleotide building blocks, and NJ Bio Inc in New Jersey, which offers payload-linker chemistry, bioconjugation (attaching a drug to an antibody), analytics and translational research.54

It was incorporated in 2018.6 The earlier Cohance Lifesciences Limited, which had bought a 67.5% stake in Sapala Organics in July 2024 for ₹258 crore, was amalgamated into the company with effect from 1 May 2025.78 Umang Vohra is executive chairman and group chief executive.9

Cohance Lifesciences key points

Results

  • In the year to Mar 2026, consolidated revenue from operations fell 13.0% to ₹2,268.55 crore, or 3.5% excluding customer destocking in Pharma CDMO; profit attributable to shareholders was ₹179.23 crore, and total profit including minority owners ₹150.12 crore.10
  • Consolidated adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹477 crore in the year to Mar 2026, a 21% margin; gross margin rose 209 basis points to 70.8%.1112
  • In the quarter to Jun 2026, consolidated revenue fell 23.1% to ₹4,223 million; adjusted EBITDA was ₹92 million, a 2.2% margin, and the adjusted loss after tax was ₹430 million.13
  • Net cash (cash and liquid investments less borrowings) was ₹2,512 million on 30 Jun 2026.14

Business segments

  • Share of revenue by segment151617
    Itemquarter to Jun 2026year to Mar 2026
    API+62%48%
    Pharma CDMO30%39%
    Speciality Chemicals8%13%
    In the quarter to Jun 2026, API+ revenue fell 10.4% and Speciality Chemicals revenue 34.7% from a year earlier.
  • Subsidiaries. Sapala's revenue grew 2.5 times to ₹274 million in the quarter to Jun 2026; NJ Bio had revenue of ₹350 million and an adjusted EBITDA loss of ₹328 million.18
  • API+. API+ centres on ingredients for central nervous system (CNS) drugs.19

Where revenue comes from

  • Exports made up 84% of standalone turnover in the year to Mar 2026, and the company served customers in 59 countries.20

Plants and capacity

  • Cohance has 13 manufacturing plants, 8 audited by the US FDA: 7 for API+, 5 for Pharma CDMO and 1 for Speciality Chemicals, with over 3,000 kilolitres (KL) of standalone capacity.112122
  • Installed capacity is 1,242 KL a year for APIs, and 5.3 billion tablets and capsules, 650 metric tonnes of pellets and 68 million liquid bottles and tubes for formulations.23
  • Capital spending was ₹215 crore in the year to Mar 2026 and ₹598 million in the quarter to Jun 2026.2425
  • The company stated in its annual report for the year to Mar 2026 that a US$10 million bioconjugation suite was under way at NJ Bio and a ₹23 crore Nacharam plant for oligonucleotide building blocks, of up to 700 kg a year, was under validation.26

Customers and partners

  • Cohance works with the top 20 global drug innovators, which account for over 85% of its small-molecule revenue.27
  • Cohance is the exclusive supplier of a payload intermediate (a building block of the drug an ADC carries) for a major innovator's ADC pipeline, and makes patented active ingredients for large US and European agrochemical companies.27
  • NJ Bio works with over 100 innovator and biotech accounts.28

Research and development

  • R&D investment was ₹87.6 crore in the year to Mar 2026, and 640 scientists work in Cohance's R&D.2928
  • Pharma CDMO had over 140 active projects in clinical Phases 1 to 3 in the year to Mar 2026, including 10 customer molecules in Phase III, the last trial stage before approval.3031

What the company expects

  • On its earnings call of 5 Aug 2026, the company said it expects a return to year-on-year growth in the second half of the year to Mar 2027, and an EBITDA margin for that year closer to the previous year's margin percentage.2532
  • In its presentation of 5 Aug 2026, the company said 2 Pharma CDMO customer molecules had entered commercial supply, with deliveries scheduled through Dec 2026, and 2 more were expected within 12 to 15 months.33
  • On its earnings call of 5 Aug 2026, the company said it had defined a path to full ownership of Sapala Organics, whose chief executive, P.Y. Reddy, has agreed to lead the combined nucleic-acid business.34
  • On its earnings call of 5 Aug 2026, the company said it believes Speciality Chemicals can support double-digit growth from the year to Mar 2028, subject to customer qualification and regulatory timelines.35

Litigation and regulatory matters

  • On 4 Feb 2026 the company disclosed a US FDA warning letter (a formal notice of violations) for its Nacharam formulations plant, inspected 4 to 12 Aug 2025; US sales from the plant were under 2% of consolidated revenue in the year to Mar 2025.36
  • In its presentation of 5 Aug 2026, the company said Nacharam's operations had resumed and US supplies had restarted; its documents give no outcome on the warning letter.37
  • A US FDA inspection of the Pashamylaram, Hyderabad plant (27 Jul to 5 Aug 2026) ended with a Form 483 of 5 observations (inspectors' findings to be answered), none on data integrity; the company's documents give no outcome.38
  • Inspections of the Shamshabad formulation plant (27 Aug to 4 Sep 2026) and the Jaggaiahpet API plant (14 to 19 Sep 2026) ended with Form 483s of 4 and 5 observations; the company's documents give no outcome.3940

Last updated

All 40 sources, each with its page
  1. 1. Annual report, 26 Aug 2026, page 20
  2. 2. Annual report, 26 Aug 2026, page 41
  3. 3. Annual report, 26 Aug 2026, page 140
  4. 4. Annual report, 26 Aug 2026, page 16
  5. 5. Annual report, 26 Aug 2026, page 146
  6. 6. Annual report, 26 Aug 2026, page 164
  7. 7. Investor presentation, 5 Aug 2026, page 15
  8. 8. Annual report, 26 Aug 2026, page 25
  9. 9. Annual report, 26 Aug 2026, page 17
  10. 10. Annual report, 26 Aug 2026, page 145
  11. 11. Annual report, 26 Aug 2026, page 23
  12. 12. Annual report, 26 Aug 2026, page 17
  13. 13. Investor presentation, 5 Aug 2026, page 8
  14. 14. Investor presentation, 5 Aug 2026, page 12
  15. 15. Investor presentation, 5 Aug 2026, page 8
  16. 16. Investor presentation, 5 Aug 2026, page 22
  17. 17. Earnings call, 5 Aug 2026, page 6
  18. 18. Earnings call, 5 Aug 2026, page 7
  19. 19. Annual report, 26 Aug 2026, page 137
  20. 20. Annual report, 26 Aug 2026, page 165
  21. 21. Annual report, 26 Aug 2026, page 37
  22. 22. Annual report, 26 Aug 2026, page 34
  23. 23. Annual report, 26 Aug 2026, page 41
  24. 24. Annual report, 26 Aug 2026, page 45
  25. 25. Earnings call, 5 Aug 2026, page 8
  26. 26. Annual report, 26 Aug 2026, page 42
  27. 27. Annual report, 26 Aug 2026, page 78
  28. 28. Annual report, 26 Aug 2026, page 61
  29. 29. Annual report, 26 Aug 2026, page 34
  30. 30. Annual report, 26 Aug 2026, page 63
  31. 31. Annual report, 26 Aug 2026, page 59
  32. 32. Earnings call, 5 Aug 2026, page 16
  33. 33. Investor presentation, 5 Aug 2026, page 25
  34. 34. Earnings call, 5 Aug 2026, page 3
  35. 35. Earnings call, 5 Aug 2026, page 7
  36. 36. Exchange filing, 4 Feb 2026, page 1
  37. 37. Investor presentation, 5 Aug 2026, page 29
  38. 38. Exchange filing, 5 Aug 2026, page 1
  39. 39. Exchange filing, 5 Sep 2026, page 1
  40. 40. Exchange filing, 21 Sep 2026, page 1

Results

Consolidated; ₹ crore.Cohance Lifesciences quarterly results

Revenue growth, 12 months
+41.2%
Net profit growth, 12 months
−58.5%

Quarter to Jun 2026, against the quarter before

Revenue
₹422 Crdown 31.80%
Net profit
−₹45 CrQuarter to Mar 2026: ₹8.31 Cr
Net margin
−10.7%

Revenue by quarter

₹258 CrSep 24₹307 CrDec 24₹402 CrMar 25₹549 CrJun 25₹556 CrSep 25₹545 CrDec 25₹619 CrMar 26₹422 CrJun 26
Peak revenue ₹619 Cr, quarter to Mar 2026; lowest ₹258 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹82 CrSep 24₹83 CrDec 24₹39 CrMar 25₹46 CrJun 25₹66 CrSep 25₹29 CrDec 25₹8.31 CrMar 26−₹45 CrJun 26
A loss in the quarter to Jun 2026, −₹45 CrA loss in 1 of the 8 quarters shown
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue258307402549556545619422
Net profit8283394666298−45
Net margin31.8%27.1%9.6%8.4%11.9%5.3%1.3%−10.7%
Consolidated. The last eight quarters. 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

In the year to Mar 2026 the company reports one business segment, Pharmaceuticals, which carries all its revenue.

Valuation

Today, against the company's own history.Cohance Lifesciences PE ratio and valuation

Price to earnings

At or below today's level on 87% of 1,240 trading days over the last 5 years.

LowestHighest
Its median45.40Industry median27.53
Price to book

At or below today's level on 11% of 1,114 trading days over the last 5 years.

LowestHighest
Its median8.26Industry median2.88
Dividend yield

At or below today's level on 63% of 1,240 trading days over the last 5 years.

LowestHighest
Its median0.00%Industry median0.49%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−73.8%−55.4%−41.3%0.0%
3 years−13.9%−33.8%+30.0%0.0%
5 years−9.1%−19.9%+13.0%0.4%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2026.

Shareholding

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

Shareholding by group

  • Promoters57.48%
  • Foreign institutions7.71%
  • Indian institutions18.86%
  • Individuals and others15.95%
Holder
BEHRYANDA LIMITEDPromoter33.34%
JUSMIRAL HOLDINGS LIMITEDPromoter24.15%
JASUB PROPERTY HOLDINGS LLPCompanies3.84%
JASTI PROPERTY AND EQUITY HOLDINGS PRIVATE LIMITEDCompanies2.51%
AMANSA HOLDINGS PRIVATE LIMITEDForeign portfolio investors, category I2.18%
SBI LIFE INSURANCE CO. LTDInsurance companies1.75%
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.

Promoters have pledged 94.56% of their shares. Since Jun 2026: promoters −0.01 pts, foreign institutions +1.21 pts, Indian institutions −1.23 pts, mutual funds −1.28 pts.

Mutual fund holdings

106 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 47 of the 58 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.All 106 funds holding Cohance Lifesciences

Bought for the first time
3
Bought again
3
Added
23
Cut
35
Held unchanged
42
Sold out
9
Fund
ICICI Prudential Mutual Fund logoICICI Prudential Healthcare FundICICI Prudential Mutual Fund62,66,6924.06%₹278.2 Cr
SBI Mutual Fund logoSBI Multi Asset Allocation FundSBI Mutual Fund52,00,0001.10%₹230.9 Cr
Invesco Mutual Fund logoInvesco India Contra FundInvesco Mutual Fund43,93,6671.01%₹195.1 Cr
HDFC Mutual Fund logoHDFC Balanced Advantage FundHDFC Mutual Fund41,43,5480.18%₹184.0 Cr
DSP Mutual Fund logoDSP Healthcare FundDSP Mutual Fund32,02,9993.79%₹142.2 Cr
Bandhan Mutual Fund logoBandhan Small Cap FundBandhan Mutual Fund31,27,7570.39%₹138.9 Cr
SBI Mutual Fund logoSBI Balanced Advantage FundSBI Mutual Fund30,00,0000.33%₹133.2 Cr
DSP Mutual Fund logoDSP Aggressive Hybrid FundDSP Mutual Fund23,47,2650.92%₹104.2 Cr
SBI Mutual Fund logoSBI Healthcare Opportunities FundSBI Mutual Fund22,00,0001.66%₹97.7 Cr
SBI Mutual Fund logoSBI MNC FundSBI Mutual Fund22,00,0001.53%₹97.7 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 31 Oct 2025.Cohance Lifesciences insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 2 pledge filings of unclear kind
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.

Cohance Lifesciences competitors and peers

Pharmaceuticals, 215 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Cohance Lifesciences 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
Shilpa Medicare logoShilpa MedicareSHILPAMED18,69062.867.21+27.9%+167.6%12.0%10.9%0.06%
Onesource Specialty Pharma logoOnesource Specialty PharmaONESOURCE17,924–3.03+10.7%−103.9%0.0%1.5%0.00%
Caplin Point Laboratories logoCaplin Point LaboratoriesCAPLIPOINT17,67726.574.93+15.0%+17.7%20.7%19.8%0.34%
Alivus Life Sciences logoAlivus Life SciencesALIVUS17,37625.944.79+8.2%+26.3%20.2%23.1%0.35%
Pfizer logoPfizerPFIZER16,87122.954.01+10.7%−9.1%17.5%21.0%2.03%
Eris Lifesciences logoEris LifesciencesERIS16,04422.673.87+11.1%+70.2%19.6%13.4%0.62%
AstraZeneca Pharma India logoAstraZeneca Pharma IndiaASTRAZEN15,91193.8118.23+31.1%−7.5%20.6%24.4%0.57%
Alembic Pharmaceuticals logoAlembic PharmaceuticalsAPLLTD15,68322.692.76+14.1%+14.6%12.7%11.8%1.50%
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.Cohance Lifesciences dividend history

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

Mar 202Mar 215Mar 226Mar 23Mar 24Mar 25Mar 26
Highest ₹6.00 a share, year to Mar 2023.
Ex-dateTypePer share
9 Sep 2022Interim₹1.00
9 Sep 2022Special₹5.00
13 May 2022Interim₹1.00
13 May 2022Special₹1.00
15 Feb 2022Interim₹1.00
15 Feb 2022Special₹2.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Cohance Lifesciences announcements

Cohance Lifesciences share price by year

Each calendar year to 2025.Cohance Lifesciences share price history

YearClose at year endChangeHighest closeLowest close
2025528.60−53.6%1,230.00525.70
20241,138.75+57.5%1,334.20610.45
2023722.80+46.0%722.80464.90
2022494.90+0.3%621.15395.05
2021493.25+9.1%579.05439.40
2020452.30–476.6095.43
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2020 is from its first session, 9 Mar 2020.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 2026476.20493.05473.20481.35484.0514,95,78037.5%
28 Oct 2026484.00487.40471.70476.05479.206,27,12243.3%
27 Oct 2026463.00483.70460.55479.25474.6912,27,88635.6%
26 Oct 2026452.00465.75450.00463.55460.864,17,49737.7%
23 Oct 2026453.00454.00437.40449.85446.935,73,70251.1%
22 Oct 2026456.70461.40451.05453.85455.624,11,58768.7%
21 Oct 2026464.90470.75453.00461.80463.627,30,87627.4%
19 Oct 2026468.00468.00456.00457.70460.693,54,45853.2%
16 Oct 2026460.45467.35458.10464.05464.257,63,45273.1%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
25 Sep 2020Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and chief executive
UMANG VOHRA
At the end of the quarter to Sep 2026
NSE symbol
COHANCE
BSE code
543064
ISIN
INE03QK01018
Industry
Pharmaceuticals & Biotechnology
Former symbols
SUVENPHAR
CIN
L24299MH2018PLC422236
Corporate identity number, the registrar of companies' code for it
Incorporated
2018
Registered office
215 Atrium, C Wing, 8th Floor, 819-821, Andheri Kurla Road, Chakala, Andheri East, Chakala Midc, Mumbai 400093, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments