Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Pharma - Animal Stocks in India

Pharma - Animal: Viyash Scientific Ltd owns the largest revenue base AND the fastest current growth.

Nifty Pharma - Animal Index — Constituents & Performance

The Pharma - Animal companies below are the listed Indian Pharma - Animal universe this page tracks — the same constituent set people search for as the Nifty Pharma - Animal index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Pharma - Animal moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 45% ahead of NIFTY 500. Earnings across its companies grew 79% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 27 weeks running.

LEADER · ahead 27wPrice and the fundamentals both up3 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑27w · 3/3 >200d (+0) · 3/3 lead (+0) · EPS 3/3↑

100200202620252024202320222021 269335 TRAILING 12-MONTH EPS · 100 AT THE START-20102Sep 24Mar 25Sep 25Mar 26Sep 2024 · trailing 12-month earnings per share grew 5.1% · 2 reportingDec 2024 · trailing 12-month earnings per share grew 26.8% · 2 reportingMar 2025 · trailing 12-month earnings per share fell 2.0% · 2 reportingJun 2025 · trailing 12-month earnings per share grew 94.2% · 2 reportingSep 2025 · trailing 12-month earnings per share grew 86.8% · 2 reportingDec 2025 · trailing 12-month earnings per share grew 31.5% · 2 reportingMar 2026 · trailing 12-month earnings per share grew 102.4% · 2 reportingNot reported yet — earnings trail price by a quarter or two102 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
100200202620252024202320222021 269335 TRAILING 12-MONTH EPS · 100 AT THE START-20102Mar 25Mar 26Sep 2024 · trailing 12-month earnings per share grew 5.1% · 2 reportingDec 2024 · trailing 12-month earnings per share grew 26.8% · 2 reportingMar 2025 · trailing 12-month earnings per share fell 2.0% · 2 reportingJun 2025 · trailing 12-month earnings per share grew 94.2% · 2 reportingSep 2025 · trailing 12-month earnings per share grew 86.8% · 2 reportingDec 2025 · trailing 12-month earnings per share grew 31.5% · 2 reportingMar 2026 · trailing 12-month earnings per share grew 102.4% · 2 reportingNot reported yet — earnings trail price by a quarter or two102No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Pharma - Animal, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy Broad but lateHow much of the sector is participating, how recently, and whether the movers score well.
Together3 of 3 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +0 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/10
Mid 1/10
Small 1/10

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Pharma - Animal outperforming NIFTY 500?

The 52-week comparison of Pharma - Animal against NIFTY 500 is not available from the current market series. 3 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. NGL Fine Chem Ltd is the strongest against the sector itself at +12.9%. Readings are as of 2026-07-19.

Sector vs NIFTY 500 · 13 weeks
Sector vs NIFTY 500 · 52 weeks
3/3Stocks leading NIFTY 500
1/3Stocks leading sector

Sector metric: 42.6 as of 2026-07-19 · NARROWING · rising.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 3 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Viyash Scientific Ltd leads with revenue of ₹3,069 crore, based on 3 of 3 comparable companies through Mar 2026. Viyash Scientific Ltd has the fastest current revenue growth at 58.6%, across 3 of 3 comparable companies.

Is the Pharma - Animal sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 3 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Pharma - Animal company is largest by revenue?

Viyash Scientific Ltd leads with revenue of ₹3,069 crore, based on 3 of 3 comparable companies through Mar 2026.

Which Pharma - Animal company is growing fastest?

Viyash Scientific Ltd has the fastest current revenue growth at 58.6%, across 3 of 3 comparable companies.

Which Pharma - Animal company has the strongest 4-Factor Sector Score?

NGL Fine Chem Ltd ranks first at 73.4/100 with 84% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Pharma - Animal company has the least gross debt?

NGL Fine Chem Ltd has the lowest comparable gross debt at ₹108 crore. Viyash Scientific Ltd has the highest at ₹490 crore.

Which Pharma - Animal company has the lowest comparable PEG?

Viyash Scientific Ltd has the lowest comparable Guarded PEG at 3.8, among 1 of 3 companies that pass the metric’s comparability rules.

How much history does this Pharma - Animal comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
3
complete canonical membership
Combined market value
₹15.0K Cr
Viyash Scientific Ltd
Revenue growing
3/3
positive TTM year-on-year growth
Beating NIFTY 500
3/3
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
NGL Fine Chem Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 84% evidence confidence.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. NGL Fine Chem Ltd · NGLFINE

73.4/100 · Favorable setup · 84% evidence

Exact sum: 34.1 + 17 + 8.3 + 14 = 73.4

Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

34.1/35Growth & earnings

Revenue 36.1% · PAT 100% · OPM change 7 pp

95% evidence

17.0/25Capital efficiency

ROCE 17% · debt/equity 0.33×

95% evidence

8.3/20Valuation

P/E 41.2× · PEG —

35% evidence

14.0/20Relative strength

RS sector 12.9% · RS bench 60.2% · 1Y 128%

100% evidence

2. Hester Biosciences Ltd · HESTERBIO

67.7/100 · Favorable setup · 78% evidence

Exact sum: 29.8 + 17.9 + 12 + 8 = 67.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

29.8/35Growth & earnings

Revenue 6.8% · PAT 100% · OPM change 11 pp

95% evidence

17.9/25Capital efficiency

ROCE 15.2% · debt/equity 0.54×

95% evidence

12.0/20Valuation

P/E 37.6× · PEG —

35% evidence

8.0/20Relative strength

RS sector -29.2% · RS bench 38.5% · 1Y 27%

70% evidence

3. Viyash Scientific Ltd · VIYASH

52.9/100 · Mixed-positive evidence · 94% evidence

Exact sum: 26.9 + 16.1 + 4.9 + 5 = 52.9

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.7% and the one-year return is 43%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

26.9/35Growth & earnings

Revenue 58.6% · PAT 100% · OPM change 8 pp

95% evidence

16.1/25Capital efficiency

ROCE 13.4% · debt/equity 0.17×

95% evidence

4.9/20Valuation

P/E 55.5× · PEG 3.8

85% evidence

5.0/20Relative strength

RS sector -14.7% · RS bench 25.1% · 1Y 43%

100% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Viyash Scientific Ltd has the highest Revenue among the 3 Pharma - Animal companies compared here, at ₹3,069 crore. NGL Fine Chem Ltd is next at ₹501 crore. The same company also holds the highest Revenue growth, at 58.6%. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Viyash Scientific Ltd is the scale leader at ₹3,069 crore, 512.6% ahead of NGL Fine Chem Ltd. Viyash Scientific Ltd's growth is 58.6% from a ₹3,069 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderViyash Scientific Ltd · ₹3,069 crore
Gap512.6% versus #2 · NGL Fine Chem Ltd
Persistence8/8 recent comparable periods
Coverage3/3 companies · 48 observations

Investor read: Viyash Scientific Ltd is the scale benchmark; Viyash Scientific Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Viyash Scientific Ltd's growth falls below Viyash Scientific Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Viyash Scientific Ltd VIYASH₹3.1K Cr
2NGL Fine Chem Ltd NGLFINE⚠ unverified₹501 Cr
3Hester Biosciences Ltd HESTERBIO⚠ unverified₹332 Cr
Revenue growthfastest growers
1Viyash Scientific Ltd VIYASH59%
2NGL Fine Chem Ltd NGLFINE⚠ unverified36%
3Hester Biosciences Ltd HESTERBIO⚠ unverified6.8%
Revenue · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Viyash Scientific Ltd VIYASH₹920 Cr129%Mar 2026
NGL Fine Chem Ltd NGLFINE⚠ unverified₹149 Cr57%Mar 2026
Hester Biosciences Ltd HESTERBIO⚠ unverified₹100 Cr22%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

₹75 Cr
₹67 Cr
₹88 Cr
₹70 Cr
₹67 Cr
₹79 Cr
₹82 Cr
₹84 Cr
₹63 Cr
₹82 Cr
₹84 Cr
₹71 Cr
₹77 Cr
₹100 Cr

NGL Fine Chem Ltd · NGLFINE⚠ unverified

₹72 Cr
₹75 Cr
₹71 Cr
₹80 Cr
₹88 Cr
₹100 Cr
₹91 Cr
₹93 Cr
₹89 Cr
₹95 Cr
₹104 Cr
₹120 Cr
₹128 Cr
₹149 Cr

Viyash Scientific Ltd · VIYASH

₹321 Cr
₹351 Cr
₹358 Cr
₹384 Cr
₹341 Cr
₹338 Cr
₹375 Cr
₹367 Cr
₹333 Cr
₹346 Cr
₹329 Cr
₹361 Cr
₹390 Cr
₹369 Cr
₹774 Cr
₹402 Cr
₹441 Cr
₹850 Cr
₹858 Cr
₹920 Cr

Revenue growth · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

-11%
18%
-6.8%
20%
-6.0%
3.8%
2.4%
-15%
22%
22%

NGL Fine Chem Ltd · NGLFINE⚠ unverified

22%
33%
28%
16%
1.1%
-5.0%
14%
29%
44%
57%

Viyash Scientific Ltd · VIYASH

6.2%
-3.7%
4.8%
-4.4%
-2.4%
2.4%
-12%
-1.6%
17%
6.7%
135%
11%
13%
130%
11%
129%
02 · compare level, then change

Operating Economics & Margin Trend

Hester Biosciences Ltd has the highest OPM among the 3 Pharma - Animal companies compared here, at 34%. Viyash Scientific Ltd is next at 20%. The same company also holds the highest Margin change, at +11 percentage points. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Hester Biosciences Ltd leads both opm at 34% and margin change at +11 percentage points.

LeaderHester Biosciences Ltd · 34%
Gap70% versus #2 · Viyash Scientific Ltd
Persistence6/8 recent comparable periods
Coverage3/3 companies · 60 observations

Investor read: Hester Biosciences Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Hester Biosciences Ltd HESTERBIO⚠ unverified34%
2Viyash Scientific Ltd VIYASH20%
3NGL Fine Chem Ltd NGLFINE⚠ unverified14%
Margin changefastest expanders
1Hester Biosciences Ltd HESTERBIO⚠ unverified+11.0 pp
2Viyash Scientific Ltd VIYASH+8.0 pp
3NGL Fine Chem Ltd NGLFINE⚠ unverified+7.0 pp
Operating margin · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Hester Biosciences Ltd HESTERBIO⚠ unverified34%+11.0 ppMar 2026
Viyash Scientific Ltd VIYASH20%+8.0 ppMar 2026
NGL Fine Chem Ltd NGLFINE⚠ unverified14%+7.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

28%
28%
27%
18%
15%
17%
25%
17%
16%
19%
15%
20%
21%
23%
8.0%
23%
27%
17%
23%
34%

NGL Fine Chem Ltd · NGLFINE⚠ unverified

31%
22%
15%
13%
3.3%
14%
14%
19%
14%
17%
16%
16%
10%
12%
6.0%
7.0%
11%
14%
18%
14%

Viyash Scientific Ltd · VIYASH

6.3%
5.6%
10%
8.7%
0.6%
0.9%
3.0%
-1.0%
-2.0%
4.0%
7.0%
9.0%
11%
11%
13%
12%
12%
20%
20%
20%

Margin change · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

−1.5 pp
−1.6 pp
−10.2 pp
−12.5 pp
−13.7 pp
−10.6 pp
−2.0 pp
−1.3 pp
+1.4 pp
+1.6 pp
−10.0 pp
+3.0 pp
+5.0 pp
+4.0 pp
−7.0 pp
+3.0 pp
+6.0 pp
−6.0 pp
+15.0 pp
+11.0 pp

NGL Fine Chem Ltd · NGLFINE⚠ unverified

−0.7 pp
−8.0 pp
−15.4 pp
−16.4 pp
−27.8 pp
−8.4 pp
−1.4 pp
+6.4 pp
+10.7 pp
+3.5 pp
+2.0 pp
−3.0 pp
−4.0 pp
−5.0 pp
−10.0 pp
−9.0 pp
+1.0 pp
+2.0 pp
+12.0 pp
+7.0 pp

Viyash Scientific Ltd · VIYASH

−9.1 pp
−11.2 pp
−8.1 pp
−3.3 pp
−5.7 pp
−4.8 pp
−7.1 pp
−9.7 pp
−2.6 pp
+3.2 pp
+4.0 pp
+10.0 pp
+13.0 pp
+7.0 pp
+6.0 pp
+3.0 pp
+1.0 pp
+9.0 pp
+7.0 pp
+8.0 pp
03 · compare level, then change

Profit Scale & Acceleration

Viyash Scientific Ltd has the highest Net profit among the 3 Pharma - Animal companies compared here, at ₹206 crore. Hester Biosciences Ltd is next at ₹57 crore. Hester Biosciences Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Viyash Scientific Ltd leads with ₹206 crore of TTM profit, 261.4% above Hester Biosciences Ltd. Hester Biosciences Ltd shows ≥100% on the scoring scale (103.6% uncapped) growth from a ₹57 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderViyash Scientific Ltd · ₹206 crore
Gap261.4% versus #2 · Hester Biosciences Ltd
Persistence6/8 recent comparable periods
Coverage3/3 companies · 48 observations

Investor read: Viyash Scientific Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Viyash Scientific Ltd VIYASH₹206 Cr
2Hester Biosciences Ltd HESTERBIO⚠ unverified₹57 Cr
3NGL Fine Chem Ltd NGLFINE⚠ unverified₹48 Cr
Profit growthfastest growers
1Hester Biosciences Ltd HESTERBIO⚠ unverified100%
2NGL Fine Chem Ltd NGLFINE⚠ unverified100%
3Viyash Scientific Ltd VIYASH100%
Net profit · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Viyash Scientific Ltd VIYASH₹66 Cr560%Mar 2026
Hester Biosciences Ltd HESTERBIO⚠ unverified₹17 Cr750%Mar 2026
NGL Fine Chem Ltd NGLFINE⚠ unverified₹13 Cr1,200%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

₹12 Cr
₹6 Cr
₹7 Cr
₹4 Cr
₹4 Cr
₹6 Cr
₹7 Cr
₹8 Cr
₹11 Cr
₹2 Cr
₹17 Cr
₹14 Cr
₹9 Cr
₹17 Cr

NGL Fine Chem Ltd · NGLFINE⚠ unverified

₹6 Cr
₹9 Cr
₹9 Cr
₹10 Cr
₹10 Cr
₹12 Cr
₹9 Cr
₹10 Cr
₹1 Cr
₹1 Cr
₹9 Cr
₹10 Cr
₹16 Cr
₹13 Cr

Viyash Scientific Ltd · VIYASH

₹3 Cr
₹14 Cr
₹19 Cr
₹10 Cr
₹-14 Cr
₹-4 Cr
₹-10 Cr
₹-92 Cr
₹-35 Cr
₹-7 Cr
₹11 Cr
₹1 Cr
₹9 Cr
₹6 Cr
₹42 Cr
₹10 Cr
₹18 Cr
₹73 Cr
₹49 Cr
₹66 Cr

Profit growth · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

-67%
0.0%
0.0%
100%
175%
-67%
143%
75%
-18%
750%

NGL Fine Chem Ltd · NGLFINE⚠ unverified

67%
33%
0.0%
0.0%
-90%
-92%
0.0%
0.0%
1,500%
1,200%

Viyash Scientific Ltd · VIYASH

-567%
-129%
-153%
-1,020%
282%
900%
100%
1,117%
17%
560%
04 · not available

Capacity Spending & Returns On It

No company in this Pharma - Animal comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 3 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Mar 2026.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

NGL Fine Chem Ltd has the lowest Gross debt among the 3 Pharma - Animal companies compared here, at ₹108 crore. Hester Biosciences Ltd is next at ₹195 crore. The same company also holds the lowest Net debt, at ₹65 crore. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: NGL Fine Chem Ltd has the clearest covered balance-sheet capacity with ₹65 crore and gross debt of ₹108 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderNGL Fine Chem Ltd · ₹108 crore
Gap44.6% versus #2 · Hester Biosciences Ltd
Persistence3/8 recent comparable periods
Coverage3/3 companies · 60 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1NGL Fine Chem Ltd NGLFINE⚠ unverified₹108 Cr
2Hester Biosciences Ltd HESTERBIO⚠ unverified₹195 Cr
3Viyash Scientific Ltd VIYASH₹490 Cr
Net debtlowest net debt
1NGL Fine Chem Ltd NGLFINE⚠ unverified₹65 Cr
2Hester Biosciences Ltd HESTERBIO⚠ unverified₹188 Cr
3Viyash Scientific Ltd VIYASH₹220 Cr
Debt and balance-sheet capacity · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Viyash Scientific Ltd VIYASH₹490 Cr₹220 CrMar 2026
Hester Biosciences Ltd HESTERBIO⚠ unverified₹195 Cr₹188 CrMar 2026
NGL Fine Chem Ltd NGLFINE⚠ unverified₹108 Cr₹65 CrMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

₹110 Cr
₹112 Cr
₹112 Cr
₹228 Cr
₹228 Cr
₹267 Cr
₹267 Cr
₹274 Cr
₹274 Cr
₹273 Cr
₹273 Cr
₹244 Cr
₹244 Cr
₹244 Cr
₹244 Cr
₹213 Cr
₹224 Cr
₹214 Cr
₹214 Cr
₹195 Cr

NGL Fine Chem Ltd · NGLFINE⚠ unverified

₹16 Cr
₹25 Cr
₹25 Cr
₹30 Cr
₹30 Cr
₹27 Cr
₹27 Cr
₹32 Cr
₹32 Cr
₹27 Cr
₹27 Cr
₹34 Cr
₹34 Cr
₹49 Cr
₹49 Cr
₹77 Cr
₹77 Cr
₹88 Cr
₹88 Cr
₹108 Cr

Viyash Scientific Ltd · VIYASH

₹197 Cr
₹308 Cr
₹308 Cr
₹365 Cr
₹365 Cr
₹427 Cr
₹427 Cr
₹444 Cr
₹444 Cr
₹461 Cr
₹461 Cr
₹488 Cr
₹488 Cr
₹489 Cr
₹489 Cr
₹654 Cr
₹481 Cr
₹490 Cr
₹490 Cr
₹490 Cr

Net debt · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

₹89 Cr
₹100 Cr
₹100 Cr
₹203 Cr
₹203 Cr
₹249 Cr
₹249 Cr
₹259 Cr
₹259 Cr
₹259 Cr
₹259 Cr
₹243 Cr
₹229 Cr
₹227 Cr
₹227 Cr
₹206 Cr
₹217 Cr
₹206 Cr
₹206 Cr
₹188 Cr

NGL Fine Chem Ltd · NGLFINE⚠ unverified

₹-18 Cr
₹-15 Cr
₹-15 Cr
₹0 Cr
₹0 Cr
₹-18 Cr
₹-18 Cr
₹-21 Cr
₹-21 Cr
₹-37 Cr
₹-37 Cr
₹-21 Cr
₹-21 Cr
₹-50 Cr
₹-50 Cr
₹11 Cr
₹11 Cr
₹32 Cr
₹32 Cr
₹65 Cr

Viyash Scientific Ltd · VIYASH

₹135 Cr
₹242 Cr
₹242 Cr
₹306 Cr
₹304 Cr
₹386 Cr
₹386 Cr
₹402 Cr
₹402 Cr
₹401 Cr
₹401 Cr
₹421 Cr
₹416 Cr
₹415 Cr
₹415 Cr
₹418 Cr
₹418 Cr
₹419 Cr
₹419 Cr
₹220 Cr
06 · compare level, then change

Return On Capital Employed

NGL Fine Chem Ltd has the highest ROCE among the 3 Pharma - Animal companies compared here, at 17%. Hester Biosciences Ltd is next at 15.2%. The same company also holds the highest ROCE change, at +6.5 percentage points. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: NGL Fine Chem Ltd leads ROCE at 17%, 1.8 percentage points above Hester Biosciences Ltd. NGL Fine Chem Ltd has the strongest latest improvement at +6.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderNGL Fine Chem Ltd · 17%
Gap11.8% versus #2 · Hester Biosciences Ltd
Persistence3/8 recent comparable periods
Coverage3/3 companies · 45 observations

Investor read: NGL Fine Chem Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1NGL Fine Chem Ltd NGLFINE⚠ unverified17%
2Hester Biosciences Ltd HESTERBIO⚠ unverified15%
3Viyash Scientific Ltd VIYASH13%
ROCE changefastest improvers
1NGL Fine Chem Ltd NGLFINE⚠ unverified+6.5 pp
2Hester Biosciences Ltd HESTERBIO⚠ unverified+4.6 pp
3Viyash Scientific Ltd VIYASH−0.5 pp
Return on capital · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Hester Biosciences Ltd HESTERBIO⚠ unverified13%+4.6 ppMar 2026
NGL Fine Chem Ltd NGLFINE⚠ unverified13%+6.5 ppMar 2026
Viyash Scientific Ltd VIYASH8.7%−0.5 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

19%
12%
7.9%
8.1%
8.7%
8.3%
7.7%
10%
9.5%
11%
8.6%
11%
7.5%
13%
13%

NGL Fine Chem Ltd · NGLFINE⚠ unverified

42%
27%
12%
11%
16%
22%
16%
23%
13%
16%
6.7%
10%
7.3%
16%
13%

Viyash Scientific Ltd · VIYASH

11%
6.2%
3.0%
-1.4%
-2.0%
-11%
2.5%
7.1%
8.1%
11%
9.2%
14%
11%
25%
8.7%

ROCE change · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

−11.0 pp
−3.7 pp
+0.8 pp
−0.4 pp
+0.8 pp
+2.7 pp
+0.9 pp
+0.5 pp
−2.0 pp
+1.5 pp
+4.6 pp

NGL Fine Chem Ltd · NGLFINE⚠ unverified

−30.5 pp
−15.9 pp
+4.5 pp
+4.4 pp
−3.5 pp
−6.2 pp
−8.8 pp
−12.2 pp
−5.2 pp
+0.2 pp
+6.5 pp

Viyash Scientific Ltd · VIYASH

−7.7 pp
−7.6 pp
−5.0 pp
+3.9 pp
+10.1 pp
+21.8 pp
+6.7 pp
+6.6 pp
+2.5 pp
+13.3 pp
−0.5 pp
07 · compare level, then change

Valuation Against Growth & Quality

Viyash Scientific Ltd has the lowest Guarded PEG among the 3 Pharma - Animal companies compared here, at 3.8×. Hester Biosciences Ltd has the lowest P/E at 37.6×, so level and change sit with different companies. 1 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Viyash Scientific Ltd has the lowest comparable Guarded PEG at 3.8×. Only 1 of 3 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderViyash Scientific Ltd · 3.8×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/3 companies · 2 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Viyash Scientific Ltd VIYASH3.8
P/Elowest P/E
1Hester Biosciences Ltd HESTERBIO⚠ unverified37.6
2NGL Fine Chem Ltd NGLFINE⚠ unverified41.2
3Viyash Scientific Ltd VIYASH55.5
Valuation · company comparison
1/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Viyash Scientific Ltd VIYASH3.843.8Mar 2026
Hester Biosciences Ltd HESTERBIO⚠ unverified27.4Mar 2026
NGL Fine Chem Ltd NGLFINE⚠ unverified37.4Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Viyash Scientific Ltd · VIYASH

1.5
3.8

P/E · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

60.5
49.2
45.7
49.2
43.7
55.6
56.2
43.5
54.7
49.6
48.3
64.2
108.1
109.2
86.9
34.3
57.1
43.5
30.8
27.4

NGL Fine Chem Ltd · NGLFINE⚠ unverified

22.3
26.6
25.9
20.6
20.3
29.3
43.4
39.9
55.2
41.8
39.6
33.7
35.1
30.3
27.1
21.1
30.9
41.2
38.6
37.4

Viyash Scientific Ltd · VIYASH

68.0
62.1
56.1
63.7
57.7
90.0
208.6
180.1
-22.0
529.7
244.3
227.0
60.0
74.8
66.0
42.9
43.8
08 · compare level, then change

Enterprise Value & Book Value

Hester Biosciences Ltd has the lowest EV/EBITDA among the 3 Pharma - Animal companies compared here, at 15.9×. Viyash Scientific Ltd is next at 18.2×. Viyash Scientific Ltd has the lowest P/BV at 3.77×, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Hester Biosciences Ltd leads ev/ebitda at 15.9×; Viyash Scientific Ltd leads p/bv at 3.77×.

LeaderHester Biosciences Ltd · 15.9×
Gap12.6% versus #2 · Viyash Scientific Ltd
Persistence0/8 recent comparable periods
Coverage3/3 companies · 60 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Hester Biosciences Ltd HESTERBIO⚠ unverified15.9
2Viyash Scientific Ltd VIYASH18.2
3NGL Fine Chem Ltd NGLFINE⚠ unverified20.3
P/BVlowest P/BV
1Viyash Scientific Ltd VIYASH3.8
2Hester Biosciences Ltd HESTERBIO⚠ unverified5.6
3NGL Fine Chem Ltd NGLFINE⚠ unverified6.0
Enterprise and book valuation · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
NGL Fine Chem Ltd NGLFINE⚠ unverified20.34.4Mar 2026
Viyash Scientific Ltd VIYASH18.210.1Mar 2026
Hester Biosciences Ltd HESTERBIO⚠ unverified15.93.3Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

31.4
27.5
27.4
28.7
24.3
29.3
27.0
20.5
23.6
22.3
19.6
22.7
33.4
32.6
30.4
17.0
26.0
24.4
20.1
15.9

NGL Fine Chem Ltd · NGLFINE⚠ unverified

14.8
17.8
17.2
13.4
13.2
16.6
22.0
20.1
29.9
25.5
24.9
20.7
21.9
18.9
16.9
13.0
16.1
21.1
18.8
20.3

Viyash Scientific Ltd · VIYASH

31.2
28.6
27.1
27.8
21.7
29.5
30.7
37.1
144.8
142.6
154.9
95.2
45.9
46.9
31.7
16.0
21.3
20.7
24.9
18.2

P/BV · reported quarter history

Hester Biosciences Ltd · HESTERBIO⚠ unverified

11.0
9.3
8.8
8.7
7.5
6.5
5.8
5.0
5.6
5.1
4.4
4.2
7.3
7.2
6.8
3.5
5.4
5.2
4.0
3.3

NGL Fine Chem Ltd · NGLFINE⚠ unverified

12.8
11.5
9.0
6.3
5.0
4.4
4.6
3.6
5.7
5.4
5.7
5.3
6.5
4.8
4.0
2.5
2.5
3.0
2.7
4.4

Viyash Scientific Ltd · VIYASH

9.7
7.4
5.2
4.4
3.3
3.5
3.0
2.6
3.4
3.3
4.5
4.6
4.2
8.3
6.4
4.8
7.2
1.9
6.6
10.1
09 · let price answer last

Market action

NGL Fine Chem Ltd has the strongest one-year price move in Pharma - Animal at +128%. It also leads on Mansfield relative strength against NIFTY at +60.2%. 3 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Pharma - Animal comparison names 6 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 2 draw at least one figure from a second feed with too little overlap to cross-check. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 2 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 3 companies in the canonical Pharma - Animal membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Viyash Scientific Ltd VIYASHAHEAD21/26 WEEKS₹11.0K Cr₹2512026-07-19Mar 2026Cross-checked
Hester Biosciences Ltd HESTERBIOAHEAD⚠ unverified₹2.0K Cr₹2,3672026-07-19Mar 2026Includes unverified figures
NGL Fine Chem Ltd NGLFINEAHEAD26/26 WEEKS⚠ unverified₹2.0K Cr₹3,2062026-07-19Mar 2026Includes unverified figures
How each company's sources stand: 2 of 3 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 Pharma - Animal companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing1 cross-checked · 2 unverified · 0 withheld, of 3 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Pharma - Animal company comparison FAQs

These 17 answers restate the Pharma - Animal comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Pharma - Animal index?

The Nifty Pharma - Animal index tracks India's listed Pharma - Animal companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Pharma - Animal sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Pharma - Animal stocks in India?

Ranked by this page's four-factor score, NGL Fine Chem Ltd places first among 3 listed Pharma - Animal companies, followed by Hester Biosciences Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Pharma - Animal stocks are listed in India?

This comparison covers 3 listed Pharma - Animal companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which Pharma - Animal company is the biggest?

Viyash Scientific Ltd is the largest, with trailing-twelve-month revenue of ₹3,069 crore, ahead of NGL Fine Chem Ltd at ₹501 crore. That covers 3 of 3 companies with comparable reporting through Mar 2026.

Which Pharma - Animal company is growing fastest?

Viyash Scientific Ltd has the fastest revenue growth at 58.6% year on year, across 3 of 3 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Pharma - Animal company has the best profit margins?

Hester Biosciences Ltd has the highest operating margin at 34%, from 3 of 3 comparable companies. Hester Biosciences Ltd shows the biggest recent improvement, at +11 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Pharma - Animal company makes the most profit?

Viyash Scientific Ltd earns the most, at ₹206 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. Hester Biosciences Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Pharma - Animal company earns the highest return on capital?

NGL Fine Chem Ltd leads on return on capital employed at 17%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Pharma - Animal stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Viyash Scientific Ltd screens cheapest at 3.8×. Only 1 of 3 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Pharma - Animal company has the strongest balance sheet?

NGL Fine Chem Ltd carries the lowest comparable gross debt at ₹108 crore, from 3 of 3 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Pharma - Animal stock has the strongest price momentum?

NGL Fine Chem Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Pharma - Animal company scores highest for research priority?

NGL Fine Chem Ltd scores 73.4 out of 100 with 84% evidence confidence, from 34.1 points on growth and earnings, 17 on capital efficiency, 8.3 on valuation and 14 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Pharma - Animal companies does this comparison cover, and over what period?

It compares 3 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Pharma - Animal sector?

The 3 Pharma - Animal companies on this page carry ₹14,956 crore of combined market value. Viyash Scientific Ltd is the largest at ₹10,961 crore, about 73% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

How is the Pharma - Animal sector performing?

3 of the 3 covered Pharma - Animal companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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