Concord Biotech share price today
Concord Biotech Ltd · NSE: CONCORDBIO · Pharma - API & CRAMS · prices and results as of 30 October 2026, updated weekly · research updated 28 October 2026
Concord Biotech share price today: ₹1,245.60 at the NSE close on 30 October 2026, down 13.7% in a year. Concord Biotech (NSE: CONCORDBIO) is worth ₹13,031 crore, trades at a P/E of 45.7 and has closed between ₹1,014.80 and ₹1,571.30 over the past 52 weeks.
Concord Biotech Ltd's results are improving, while its P/E is near the low end of its own history over 3.2 years, higher than only 26% of past readings.
Biggest thing to watch: the price has already been rising for 12 weeks, so timing is the risk more than the business.
The price has been rising for 12 weeks, and the P/E is lower than 74% of its own last 3.2 years. Over the last four quarters, results have been improving, with profit +11.1% on a year earlier, and 83% of the last 3 years' profit came in as cash. What will decide it: the next one or two quarters of results.
What is the Concord Biotech share price today?
Concord Biotech Ltd's share price was ₹1,245.60 at the close on 30 October 2026. It has been rising for 12 weeks. That is 8.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,015 and ₹1,571, and at that close it sat 41% of the way up from that low.
A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Concord Biotech Ltd is in stage 2. The phase helps read everything below.
Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.
1Y
Oct 2026: ₹1,246, 8.2% below its 200-day average. The price has been rising for 12 weeks.
- Price ₹1,246
- 50-day avg ₹1,368
- 200-day avg ₹1,357
| Week | Price | 50-day avg | 200-day avg |
|---|---|---|---|
| 24 Oct 2025 | ₹1,475 | ₹1,619 | ₹1,720 |
| 31 Oct 2025 | ₹1,444 | ₹1,588 | ₹1,706 |
| 7 Nov 2025 | ₹1,395 | ₹1,565 | ₹1,696 |
| 14 Nov 2025 | ₹1,499 | ₹1,547 | ₹1,684 |
| 21 Nov 2025 | ₹1,428 | ₹1,531 | ₹1,673 |
| 28 Nov 2025 | ₹1,418 | ₹1,511 | ₹1,661 |
| 5 Dec 2025 | ₹1,408 | ₹1,494 | ₹1,649 |
| 12 Dec 2025 | ₹1,370 | ₹1,472 | ₹1,636 |
| 19 Dec 2025 | ₹1,336 | ₹1,450 | ₹1,622 |
| 26 Dec 2025 | ₹1,340 | ₹1,434 | ₹1,611 |
| 2 Jan 2026 | ₹1,312 | ₹1,416 | ₹1,597 |
| 9 Jan 2026 | ₹1,320 | ₹1,403 | ₹1,585 |
| 16 Jan 2026 | ₹1,351 | ₹1,395 | ₹1,576 |
| 23 Jan 2026 | ₹1,248 | ₹1,370 | ₹1,560 |
| 1 Feb 2026 | ₹1,140 | ₹1,336 | ₹1,542 |
| 6 Feb 2026 | ₹1,327 | ₹1,310 | ₹1,525 |
| 13 Feb 2026 | ₹1,184 | ₹1,298 | ₹1,511 |
| 20 Feb 2026 | ₹1,098 | ₹1,268 | ₹1,493 |
| 27 Feb 2026 | ₹1,221 | ₹1,252 | ₹1,477 |
| 6 Mar 2026 | ₹1,207 | ₹1,245 | ₹1,467 |
| 13 Mar 2026 | ₹1,182 | ₹1,232 | ₹1,452 |
| 20 Mar 2026 | ₹1,092 | ₹1,213 | ₹1,436 |
| 27 Mar 2026 | ₹1,015 | ₹1,186 | ₹1,421 |
| 17 Apr 2026 | ₹1,082 | ₹1,131 | ₹1,378 |
| 24 Apr 2026 | ₹1,016 | ₹1,116 | ₹1,362 |
| 30 Apr 2026 | ₹1,142 | ₹1,114 | ₹1,351 |
| 8 May 2026 | ₹1,174 | ₹1,129 | ₹1,344 |
| 15 May 2026 | ₹1,135 | ₹1,132 | ₹1,334 |
| 22 May 2026 | ₹1,153 | ₹1,132 | ₹1,324 |
| 29 May 2026 | ₹1,051 | ₹1,128 | ₹1,316 |
| 4 Jun 2026 | ₹1,238 | ₹1,134 | ₹1,310 |
| 5 Jun 2026 | ₹1,210 | ₹1,137 | ₹1,309 |
| 10 Jun 2026 | ₹1,331 | ₹1,152 | ₹1,308 |
| 12 Jun 2026 | ₹1,354 | ₹1,167 | ₹1,308 |
| 17 Jun 2026 | ₹1,340 | ₹1,189 | ₹1,310 |
| 19 Jun 2026 | ₹1,315 | ₹1,200 | ₹1,311 |
| 24 Jun 2026 | ₹1,291 | ₹1,213 | ₹1,311 |
| 25 Jun 2026 | ₹1,286 | ₹1,216 | ₹1,310 |
| 1 Jul 2026 | ₹1,286 | ₹1,223 | ₹1,309 |
| 3 Jul 2026 | ₹1,275 | ₹1,227 | ₹1,309 |
| 10 Jul 2026 | ₹1,305 | ₹1,238 | ₹1,308 |
| 17 Jul 2026 | ₹1,343 | ₹1,257 | ₹1,309 |
| 24 Jul 2026 | ₹1,249 | ₹1,263 | ₹1,308 |
| 31 Jul 2026 | ₹1,421 | ₹1,274 | ₹1,309 |
| 7 Aug 2026 | ₹1,365 | ₹1,295 | ₹1,313 |
| 14 Aug 2026 | ₹1,451 | ₹1,321 | ₹1,319 |
| 21 Aug 2026 | ₹1,571 | ₹1,365 | ₹1,331 |
| 28 Aug 2026 | ₹1,481 | ₹1,393 | ₹1,340 |
| 4 Sep 2026 | ₹1,417 | ₹1,403 | ₹1,346 |
| 11 Sep 2026 | ₹1,506 | ₹1,415 | ₹1,351 |
| 18 Sep 2026 | ₹1,494 | ₹1,423 | ₹1,356 |
| 25 Sep 2026 | ₹1,454 | ₹1,440 | ₹1,364 |
| 28 Sep 2026 | ₹1,415 | ₹1,439 | ₹1,365 |
| 1 Oct 2026 | ₹1,374 | ₹1,432 | ₹1,365 |
| 9 Oct 2026 | ₹1,361 | ₹1,418 | ₹1,365 |
| 16 Oct 2026 | ₹1,339 | ₹1,408 | ₹1,364 |
| 23 Oct 2026 | ₹1,229 | ₹1,386 | ₹1,360 |
| 30 Oct 2026 | ₹1,246 | ₹1,368 | ₹1,357 |
3Y
Oct 2026: ₹1,246, 8.2% below its 200-day average. The price has been rising for 12 weeks.
- Price ₹1,246
- 50-day avg ₹1,368
- 200-day avg ₹1,357
| Week | Price | 50-day avg | 200-day avg |
|---|---|---|---|
| 27 Oct 2023 | ₹1,205 | ₹1,071 | ₹988 |
| 3 Nov 2023 | ₹1,145 | ₹1,085 | ₹996 |
| 12 Nov 2023 | ₹1,331 | ₹1,127 | ₹1,012 |
| 17 Nov 2023 | ₹1,280 | ₹1,155 | ₹1,024 |
| 24 Nov 2023 | ₹1,258 | ₹1,174 | ₹1,036 |
| 1 Dec 2023 | ₹1,306 | ₹1,192 | ₹1,046 |
| 8 Dec 2023 | ₹1,317 | ₹1,218 | ₹1,060 |
| 15 Dec 2023 | ₹1,321 | ₹1,236 | ₹1,073 |
| 22 Dec 2023 | ₹1,505 | ₹1,262 | ₹1,087 |
| 29 Dec 2023 | ₹1,472 | ₹1,294 | ₹1,103 |
| 5 Jan 2024 | ₹1,550 | ₹1,336 | ₹1,123 |
| 12 Jan 2024 | ₹1,429 | ₹1,366 | ₹1,142 |
| 20 Jan 2024 | ₹1,395 | ₹1,372 | ₹1,157 |
| 25 Jan 2024 | ₹1,386 | ₹1,375 | ₹1,164 |
| 2 Feb 2024 | ₹1,464 | ₹1,387 | ₹1,177 |
| 9 Feb 2024 | ₹1,457 | ₹1,402 | ₹1,191 |
| 16 Feb 2024 | ₹1,464 | ₹1,405 | ₹1,203 |
| 23 Feb 2024 | ₹1,475 | ₹1,410 | ₹1,214 |
| 2 Mar 2024 | ₹1,469 | ₹1,425 | ₹1,229 |
| 7 Mar 2024 | ₹1,532 | ₹1,430 | ₹1,238 |
| 15 Mar 2024 | ₹1,402 | ₹1,425 | ₹1,246 |
| 22 Mar 2024 | ₹1,493 | ₹1,433 | ₹1,257 |
| 28 Mar 2024 | ₹1,521 | ₹1,442 | ₹1,265 |
| 5 Apr 2024 | ₹1,536 | ₹1,454 | ₹1,276 |
| 12 Apr 2024 | ₹1,560 | ₹1,465 | ₹1,286 |
| 19 Apr 2024 | ₹1,593 | ₹1,479 | ₹1,297 |
| 26 Apr 2024 | ₹1,660 | ₹1,506 | ₹1,313 |
| 3 May 2024 | ₹1,618 | ₹1,527 | ₹1,326 |
| 10 May 2024 | ₹1,509 | ₹1,529 | ₹1,337 |
| 18 May 2024 | ₹1,492 | ₹1,518 | ₹1,345 |
| 24 May 2024 | ₹1,452 | ₹1,509 | ₹1,349 |
| 31 May 2024 | ₹1,464 | ₹1,497 | ₹1,354 |
| 7 Jun 2024 | ₹1,454 | ₹1,489 | ₹1,359 |
| 14 Jun 2024 | ₹1,531 | ₹1,484 | ₹1,364 |
| 21 Jun 2024 | ₹1,560 | ₹1,497 | ₹1,372 |
| 28 Jun 2024 | ₹1,549 | ₹1,504 | ₹1,380 |
| 5 Jul 2024 | ₹1,684 | ₹1,524 | ₹1,391 |
| 12 Jul 2024 | ₹1,690 | ₹1,555 | ₹1,406 |
| 19 Jul 2024 | ₹1,673 | ₹1,576 | ₹1,417 |
| 26 Jul 2024 | ₹1,703 | ₹1,598 | ₹1,431 |
| 2 Aug 2024 | ₹1,579 | ₹1,604 | ₹1,441 |
| 9 Aug 2024 | ₹1,554 | ₹1,596 | ₹1,447 |
| 16 Aug 2024 | ₹1,634 | ₹1,592 | ₹1,451 |
| 23 Aug 2024 | ₹1,644 | ₹1,599 | ₹1,460 |
| 30 Aug 2024 | ₹1,666 | ₹1,606 | ₹1,469 |
| 6 Sep 2024 | ₹1,836 | ₹1,641 | ₹1,485 |
| 13 Sep 2024 | ₹2,079 | ₹1,699 | ₹1,508 |
| 20 Sep 2024 | ₹2,601 | ₹1,799 | ₹1,544 |
| 27 Sep 2024 | ₹2,048 | ₹1,871 | ₹1,576 |
| 4 Oct 2024 | ₹1,921 | ₹1,884 | ₹1,591 |
| 11 Oct 2024 | ₹1,896 | ₹1,886 | ₹1,606 |
| 18 Oct 2024 | ₹2,018 | ₹1,903 | ₹1,624 |
| 25 Oct 2024 | ₹1,807 | ₹1,893 | ₹1,635 |
| 1 Nov 2024 | ₹1,861 | ₹1,882 | ₹1,644 |
| 8 Nov 2024 | ₹1,850 | ₹1,872 | ₹1,653 |
| 14 Nov 2024 | ₹1,898 | ₹1,873 | ₹1,662 |
| 22 Nov 2024 | ₹2,019 | ₹1,885 | ₹1,674 |
| 29 Nov 2024 | ₹2,128 | ₹1,919 | ₹1,693 |
| 6 Dec 2024 | ₹2,172 | ₹1,968 | ₹1,717 |
| 13 Dec 2024 | ₹2,111 | ₹1,997 | ₹1,737 |
| 20 Dec 2024 | ₹2,129 | ₹2,019 | ₹1,756 |
| 27 Dec 2024 | ₹2,165 | ₹2,040 | ₹1,772 |
| 3 Jan 2025 | ₹2,084 | ₹2,060 | ₹1,790 |
| 10 Jan 2025 | ₹2,257 | ₹2,092 | ₹1,812 |
| 17 Jan 2025 | ₹2,178 | ₹2,121 | ₹1,833 |
| 24 Jan 2025 | ₹2,097 | ₹2,123 | ₹1,848 |
| 1 Feb 2025 | ₹2,100 | ₹2,111 | ₹1,861 |
| 7 Feb 2025 | ₹2,346 | ₹2,141 | ₹1,881 |
| 14 Feb 2025 | ₹1,692 | ₹2,124 | ₹1,889 |
| 21 Feb 2025 | ₹1,650 | ₹2,045 | ₹1,879 |
| 28 Feb 2025 | ₹1,496 | ₹1,979 | ₹1,868 |
| 7 Mar 2025 | ₹1,726 | ₹1,928 | ₹1,860 |
| 13 Mar 2025 | ₹1,649 | ₹1,887 | ₹1,852 |
| 21 Mar 2025 | ₹1,680 | ₹1,843 | ₹1,842 |
| 28 Mar 2025 | ₹1,681 | ₹1,814 | ₹1,834 |
| 4 Apr 2025 | ₹1,657 | ₹1,795 | ₹1,828 |
| 11 Apr 2025 | ₹1,654 | ₹1,767 | ₹1,819 |
| 17 Apr 2025 | ₹1,722 | ₹1,763 | ₹1,817 |
| 25 Apr 2025 | ₹1,588 | ₹1,744 | ₹1,809 |
| 2 May 2025 | ₹1,491 | ₹1,712 | ₹1,798 |
| 9 May 2025 | ₹1,544 | ₹1,666 | ₹1,781 |
| 16 May 2025 | ₹1,499 | ₹1,638 | ₹1,768 |
| 23 May 2025 | ₹1,536 | ₹1,617 | ₹1,756 |
| 30 May 2025 | ₹1,749 | ₹1,619 | ₹1,750 |
| 6 Jun 2025 | ₹1,927 | ₹1,663 | ₹1,755 |
| 13 Jun 2025 | ₹2,110 | ₹1,740 | ₹1,771 |
| 20 Jun 2025 | ₹1,837 | ₹1,786 | ₹1,782 |
| 27 Jun 2025 | ₹1,824 | ₹1,790 | ₹1,784 |
| 4 Jul 2025 | ₹1,738 | ₹1,787 | ₹1,783 |
| 11 Jul 2025 | ₹1,803 | ₹1,789 | ₹1,784 |
| 18 Jul 2025 | ₹1,894 | ₹1,803 | ₹1,788 |
| 25 Jul 2025 | ₹1,881 | ₹1,823 | ₹1,794 |
| 1 Aug 2025 | ₹1,741 | ₹1,819 | ₹1,795 |
| 8 Aug 2025 | ₹1,598 | ₹1,790 | ₹1,788 |
| 14 Aug 2025 | ₹1,643 | ₹1,766 | ₹1,782 |
| 22 Aug 2025 | ₹1,768 | ₹1,755 | ₹1,778 |
| 29 Aug 2025 | ₹1,682 | ₹1,747 | ₹1,775 |
| 5 Sep 2025 | ₹1,658 | ₹1,734 | ₹1,770 |
| 12 Sep 2025 | ₹1,639 | ₹1,715 | ₹1,763 |
| 19 Sep 2025 | ₹1,695 | ₹1,704 | ₹1,758 |
| 26 Sep 2025 | ₹1,565 | ₹1,686 | ₹1,750 |
| 3 Oct 2025 | ₹1,597 | ₹1,676 | ₹1,745 |
| 10 Oct 2025 | ₹1,603 | ₹1,664 | ₹1,739 |
| 17 Oct 2025 | ₹1,531 | ₹1,640 | ₹1,728 |
| 24 Oct 2025 | ₹1,475 | ₹1,619 | ₹1,720 |
| 31 Oct 2025 | ₹1,444 | ₹1,588 | ₹1,706 |
| 7 Nov 2025 | ₹1,395 | ₹1,565 | ₹1,696 |
| 14 Nov 2025 | ₹1,499 | ₹1,547 | ₹1,684 |
| 21 Nov 2025 | ₹1,428 | ₹1,531 | ₹1,673 |
| 28 Nov 2025 | ₹1,418 | ₹1,511 | ₹1,661 |
| 5 Dec 2025 | ₹1,408 | ₹1,494 | ₹1,649 |
| 12 Dec 2025 | ₹1,370 | ₹1,472 | ₹1,636 |
| 19 Dec 2025 | ₹1,336 | ₹1,450 | ₹1,622 |
| 26 Dec 2025 | ₹1,340 | ₹1,434 | ₹1,611 |
| 2 Jan 2026 | ₹1,312 | ₹1,416 | ₹1,597 |
| 9 Jan 2026 | ₹1,320 | ₹1,403 | ₹1,585 |
| 16 Jan 2026 | ₹1,351 | ₹1,395 | ₹1,576 |
| 23 Jan 2026 | ₹1,248 | ₹1,370 | ₹1,560 |
| 1 Feb 2026 | ₹1,140 | ₹1,336 | ₹1,542 |
| 6 Feb 2026 | ₹1,327 | ₹1,310 | ₹1,525 |
| 13 Feb 2026 | ₹1,184 | ₹1,298 | ₹1,511 |
| 20 Feb 2026 | ₹1,098 | ₹1,268 | ₹1,493 |
| 27 Feb 2026 | ₹1,221 | ₹1,252 | ₹1,477 |
| 6 Mar 2026 | ₹1,207 | ₹1,245 | ₹1,467 |
| 13 Mar 2026 | ₹1,182 | ₹1,232 | ₹1,452 |
| 20 Mar 2026 | ₹1,092 | ₹1,213 | ₹1,436 |
| 27 Mar 2026 | ₹1,015 | ₹1,186 | ₹1,421 |
| 17 Apr 2026 | ₹1,082 | ₹1,131 | ₹1,378 |
| 24 Apr 2026 | ₹1,016 | ₹1,116 | ₹1,362 |
| 30 Apr 2026 | ₹1,142 | ₹1,114 | ₹1,351 |
| 8 May 2026 | ₹1,174 | ₹1,129 | ₹1,344 |
| 15 May 2026 | ₹1,135 | ₹1,132 | ₹1,334 |
| 22 May 2026 | ₹1,153 | ₹1,132 | ₹1,324 |
| 29 May 2026 | ₹1,051 | ₹1,128 | ₹1,316 |
| 4 Jun 2026 | ₹1,238 | ₹1,134 | ₹1,310 |
| 5 Jun 2026 | ₹1,210 | ₹1,137 | ₹1,309 |
| 10 Jun 2026 | ₹1,331 | ₹1,152 | ₹1,308 |
| 12 Jun 2026 | ₹1,354 | ₹1,167 | ₹1,308 |
| 17 Jun 2026 | ₹1,340 | ₹1,189 | ₹1,310 |
| 19 Jun 2026 | ₹1,315 | ₹1,200 | ₹1,311 |
| 24 Jun 2026 | ₹1,291 | ₹1,213 | ₹1,311 |
| 25 Jun 2026 | ₹1,286 | ₹1,216 | ₹1,310 |
| 1 Jul 2026 | ₹1,286 | ₹1,223 | ₹1,309 |
| 3 Jul 2026 | ₹1,275 | ₹1,227 | ₹1,309 |
| 10 Jul 2026 | ₹1,305 | ₹1,238 | ₹1,308 |
| 17 Jul 2026 | ₹1,343 | ₹1,257 | ₹1,309 |
| 24 Jul 2026 | ₹1,249 | ₹1,263 | ₹1,308 |
| 31 Jul 2026 | ₹1,421 | ₹1,274 | ₹1,309 |
| 7 Aug 2026 | ₹1,365 | ₹1,295 | ₹1,313 |
| 14 Aug 2026 | ₹1,451 | ₹1,321 | ₹1,319 |
| 21 Aug 2026 | ₹1,571 | ₹1,365 | ₹1,331 |
| 28 Aug 2026 | ₹1,481 | ₹1,393 | ₹1,340 |
| 4 Sep 2026 | ₹1,417 | ₹1,403 | ₹1,346 |
| 11 Sep 2026 | ₹1,506 | ₹1,415 | ₹1,351 |
| 18 Sep 2026 | ₹1,494 | ₹1,423 | ₹1,356 |
| 25 Sep 2026 | ₹1,454 | ₹1,440 | ₹1,364 |
| 28 Sep 2026 | ₹1,415 | ₹1,439 | ₹1,365 |
| 1 Oct 2026 | ₹1,374 | ₹1,432 | ₹1,365 |
| 9 Oct 2026 | ₹1,361 | ₹1,418 | ₹1,365 |
| 16 Oct 2026 | ₹1,339 | ₹1,408 | ₹1,364 |
| 23 Oct 2026 | ₹1,229 | ₹1,386 | ₹1,360 |
| 30 Oct 2026 | ₹1,246 | ₹1,368 | ₹1,357 |
Price stage: Falling from Oct 2025 to Aug 2026; Rising from Aug 2026 to Oct 2026.
Price stage: Rising from Oct 2023 to Mar 2025; Falling from Apr 2025 to Aug 2025; Rising in Aug 2025; Falling from Sep 2025 to Aug 2026; Rising from Aug 2026 to Oct 2026.
Week by week since 2023: did it beat the NIFTY 500 over the past 13 weeks?
Ahead in 78 of 159 weeks
| Week | 13-week return vs NIFTY 500 |
|---|---|
| 18 Aug 2023 | no NIFTY 500 reading |
| 25 Aug 2023 | no NIFTY 500 reading |
| 1 Sep 2023 | no NIFTY 500 reading |
| 8 Sep 2023 | no NIFTY 500 reading |
| 15 Sep 2023 | no NIFTY 500 reading |
| 22 Sep 2023 | no NIFTY 500 reading |
| 29 Sep 2023 | no NIFTY 500 reading |
| 6 Oct 2023 | no NIFTY 500 reading |
| 13 Oct 2023 | no NIFTY 500 reading |
| 20 Oct 2023 | no NIFTY 500 reading |
| 27 Oct 2023 | no NIFTY 500 reading |
| 3 Nov 2023 | no NIFTY 500 reading |
| 12 Nov 2023 | no NIFTY 500 reading |
| 17 Nov 2023 | +31.8% |
| 24 Nov 2023 | +23.7% |
| 1 Dec 2023 | +26.4% |
| 8 Dec 2023 | +22.8% |
| 15 Dec 2023 | +22.7% |
| 22 Dec 2023 | +41.7% |
| 29 Dec 2023 | +22.7% |
| 5 Jan 2024 | +26.1% |
| 12 Jan 2024 | +12.9% |
| 20 Jan 2024 | +2.7% |
| 25 Jan 2024 | −3.3% |
| 2 Feb 2024 | +11.4% |
| 9 Feb 2024 | −3.5% |
| 16 Feb 2024 | +0.2% |
| 23 Feb 2024 | +5.5% |
| 2 Mar 2024 | +7.4% |
| 7 Mar 2024 | +11.6% |
| 15 Mar 2024 | +1.6% |
| 22 Mar 2024 | −4.9% |
| 28 Mar 2024 | −3.1% |
| 5 Apr 2024 | −8.0% |
| 12 Apr 2024 | +4.4% |
| 19 Apr 2024 | +7.6% |
| 26 Apr 2024 | +13.7% |
| 3 May 2024 | +7.5% |
| 10 May 2024 | −0.5% |
| 18 May 2024 | −3.6% |
| 24 May 2024 | −7.8% |
| 31 May 2024 | −7.6% |
| 7 Jun 2024 | −16.9% |
| 14 Jun 2024 | −4.0% |
| 21 Jun 2024 | −7.2% |
| 28 Jun 2024 | −9.0% |
| 5 Jul 2024 | −0.3% |
| 12 Jul 2024 | −5.3% |
| 19 Jul 2024 | −5.6% |
| 26 Jul 2024 | −9.5% |
| 2 Aug 2024 | −12.7% |
| 9 Aug 2024 | −6.4% |
| 16 Aug 2024 | −0.5% |
| 23 Aug 2024 | +2.1% |
| 30 Aug 2024 | +1.0% |
| 6 Sep 2024 | +19.2% |
| 13 Sep 2024 | +28.3% |
| 20 Sep 2024 | +58.2% |
| 27 Sep 2024 | +26.0% |
| 4 Oct 2024 | +11.4% |
| 11 Oct 2024 | +10.2% |
| 18 Oct 2024 | +21.0% |
| 25 Oct 2024 | +9.5% |
| 1 Nov 2024 | +17.1% |
| 8 Nov 2024 | +22.4% |
| 14 Nov 2024 | +22.0% |
| 22 Nov 2024 | +26.8% |
| 29 Nov 2024 | +30.4% |
| 6 Dec 2024 | +19.0% |
| 13 Dec 2024 | +5.6% |
| 20 Dec 2024 | −10.1% |
| 27 Dec 2024 | +13.5% |
| 3 Jan 2025 | +14.3% |
| 10 Jan 2025 | +28.0% |
| 17 Jan 2025 | +14.3% |
| 24 Jan 2025 | +22.6% |
| 1 Feb 2025 | +18.2% |
| 7 Feb 2025 | +31.4% |
| 14 Feb 2025 | −5.0% |
| 21 Feb 2025 | −8.3% |
| 28 Feb 2025 | −17.4% |
| 7 Mar 2025 | −7.3% |
| 13 Mar 2025 | −12.9% |
| 21 Mar 2025 | −16.1% |
| 28 Mar 2025 | −17.4% |
| 4 Apr 2025 | −12.1% |
| 11 Apr 2025 | −26.0% |
| 17 Apr 2025 | −24.9% |
| 25 Apr 2025 | −27.9% |
| 2 May 2025 | −30.3% |
| 9 May 2025 | −41.8% |
| 16 May 2025 | −21.1% |
| 23 May 2025 | −18.5% |
| 30 May 2025 | +4.3% |
| 6 Jun 2025 | −3.5% |
| 13 Jun 2025 | +18.0% |
| 20 Jun 2025 | −0.2% |
| 27 Jun 2025 | −2.2% |
| 4 Jul 2025 | −10.8% |
| 11 Jul 2025 | −0.6% |
| 18 Jul 2025 | +4.6% |
| 25 Jul 2025 | +13.9% |
| 1 Aug 2025 | +14.1% |
| 8 Aug 2025 | +2.6% |
| 14 Aug 2025 | +7.8% |
| 22 Aug 2025 | +15.1% |
| 29 Aug 2025 | −4.1% |
| 5 Sep 2025 | −12.8% |
| 12 Sep 2025 | −24.6% |
| 19 Sep 2025 | −7.2% |
| 26 Sep 2025 | −11.5% |
| 3 Oct 2025 | −6.2% |
| 10 Oct 2025 | −10.7% |
| 17 Oct 2025 | −20.6% |
| 24 Oct 2025 | −25.6% |
| 31 Oct 2025 | −21.5% |
| 7 Nov 2025 | −17.7% |
| 14 Nov 2025 | −12.0% |
| 21 Nov 2025 | −24.4% |
| 28 Nov 2025 | −19.4% |
| 5 Dec 2025 | −16.5% |
| 12 Dec 2025 | −16.6% |
| 19 Dec 2025 | −24.1% |
| 26 Dec 2025 | −18.5% |
| 2 Jan 2026 | −21.8% |
| 9 Jan 2026 | −18.1% |
| 16 Jan 2026 | −7.9% |
| 23 Jan 2026 | −11.7% |
| 1 Feb 2026 | −20.1% |
| 6 Feb 2026 | −4.6% |
| 13 Feb 2026 | −19.9% |
| 20 Feb 2026 | −20.8% |
| 27 Feb 2026 | −8.4% |
| 6 Mar 2026 | −10.3% |
| 13 Mar 2026 | −7.0% |
| 20 Mar 2026 | −8.3% |
| 27 Mar 2026 | −12.0% |
| 17 Apr 2026 | −13.3% |
| 24 Apr 2026 | −20.5% |
| 30 Apr 2026 | −16.8% |
| 8 May 2026 | −3.6% |
| 15 May 2026 | +3.5% |
| 22 May 2026 | −8.3% |
| 29 May 2026 | −7.1% |
| 4 Jun 2026 | +16.8% |
| 5 Jun 2026 | −1.1% |
| 10 Jun 2026 | +9.7% |
| 12 Jun 2026 | +11.4% |
| 17 Jun 2026 | +14.9% |
| 19 Jun 2026 | +19.0% |
| 24 Jun 2026 | +18.8% |
| 25 Jun 2026 | +25.5% |
| 1 Jul 2026 | +11.9% |
| 3 Jul 2026 | +5.2% |
| 10 Jul 2026 | +11.3% |
| 17 Jul 2026 | +13.4% |
| 24 Jul 2026 | +17.6% |
| 31 Jul 2026 | +10.3% |
| 7 Aug 2026 | +7.3% |
| 14 Aug 2026 | +4.7% |
| 21 Aug 2026 | +11.9% |
| 28 Aug 2026 | +8.9% |
| 4 Sep 2026 | +7.3% |
| 11 Sep 2026 | +17.7% |
| 18 Sep 2026 | +17.4% |
| 25 Sep 2026 | +16.0% |
| 28 Sep 2026 | +17.2% |
| 1 Oct 2026 | +11.7% |
| 9 Oct 2026 | +7.7% |
| 16 Oct 2026 | +10.1% |
| 23 Oct 2026 | −4.8% |
| 30 Oct 2026 | −1.1% |
Over the last 3.2 years the share price moved +32% while the NIFTY 500 moved +29%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week.
This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.
What are Concord Biotech's latest quarterly results?
For July to September 2026 (the quarter ended 30 September 2026), Concord Biotech reported revenue of ₹309 crore, up 25.1% from ₹247 crore a year earlier, and a profit of ₹70.0 crore, up 11.1% from ₹63.0 crore.
Concord Biotech results: July to September 2026 against a year earlier
| Measure | July to September 2026 | July to September 2025 | Change |
|---|---|---|---|
| Revenue | ₹309 crore | ₹247 crore | +25.1% |
| Profit | ₹70.0 crore | ₹63.0 crore | +11.1% |
| Earnings per share | ₹6.75 | ₹6.08 | +11.0% |
| Operating margin | 34.0% | 36.0% | −2.0 points |
The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).
Concord Biotech's management discussed these results on a call held on 28 October 2026; what it said is further down this page.
From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.
What is the Concord Biotech share price history?
Concord Biotech closed at ₹1,245.60 on 30 October 2026, down 13.7% from ₹1,443.80 a year earlier (31 October 2025) and up 3.4% over three years. Its highest weekly close since August 2023 was ₹2,601.10 on 20 September 2024.
Concord Biotech share price: then and now
| When | Close | Change to 30 Oct 2026 |
|---|---|---|
| 1 week ago · 23 Oct 2026 | ₹1,229.30 | +1.3% |
| 1 month ago · 1 Oct 2026 | ₹1,374.10 | −9.4% |
| 6 months ago · 30 Apr 2026 | ₹1,142.00 | +9.1% |
| 1 year ago · 31 Oct 2025 | ₹1,443.80 | −13.7% |
| 3 years ago · 27 Oct 2023 | ₹1,205.20 | +3.4% |
| Earliest and lowest weekly close in our records · 18 Aug 2023 | ₹942.80 | +32.1% |
| Highest weekly close since August 2023 · 20 Sep 2024 | ₹2,601.10 | −52.1% |
| 52-week high (weekly close) · 21 Aug 2026 | ₹1,571.30 | −20.7% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹1,014.80 | +22.7% |
Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.
172 weekly closes from 18 August 2023 to 30 October 2026.
What is the latest news on Concord Biotech?
4 Nov 2026: Bonus issue: 1 new share for every 1 held (ex-date). 30 Oct 2026: Concord Biotech closed at ₹1,245.60, up 1.3% on the week and down 9.4% on the month.
Earlier
- 28 Oct 2026: Concord Biotech held its results call for July to September 2026. Management guided: FY27 revenue slightly better than 18-19%, API slightly higher with Q3 visibility.
- Results for July to September 2026: Revenue up 25.1% and profit up 11.1% on a year earlier.
- 24 Jul 2026: ex-date for a dividend of ₹7.55 a share.
What dividend does Concord Biotech pay?
Concord Biotech paid ₹7.55 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.61% at the ₹1,245.60 close on 30 October 2026. The last was a dividend of ₹7.55 a share, ex-date 24 July 2026.
Concord Biotech dividends since 1 April 2021
| Ex-date | Dividend per share | Type | Record date |
|---|---|---|---|
| 24 Jul 2026Dividend | ₹7.55 | Dividend | same day |
| 3 Sep 2025Dividend | ₹10.70 | Dividend | same day |
| 21 Jun 2024Dividend | ₹8.75 | Dividend | 22 Jun 2024 |
Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.
Yes. Concord Biotech Ltd paid out 30% of its profit as dividends in FY26, and it paid a dividend in 6 of its last 7 reported years.
From the NSE corporate-actions record, read 5 November 2026.
What did Concord Biotech management say on the latest results call?
On the call for July to September 2026, held on 28 October 2026, Concord Biotech's management guided: FY27 revenue slightly better than 18-19%, API slightly higher with Q3 visibility.
“I would say that we would continue to consider growth for this financial year to be slightly better than our historical growth of 18%.”Ankur Vaid, on the call for July to September 2026
What management guided
- Operating margin 38-40% over next few years once new units ramp.
- Capital spending ₹50-60 crore each in FY27-28, totalling ₹100-120 crore vs ₹20-30 crore maintenance.
- Effective tax rate 24-25% for rest of FY27 and FY28.
- Injectable topline around ₹300 crore over 3-4 years on ₹5,000 crore TAM.
Management’s own plans and goals, from our notes of the call. A plan is not a result.
Source: the call transcript.
From the call for July to September 2026, 28 October 2026.
What to watch in Concord Biotech's next results?
When Concord Biotech reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Injectable contracts expected in H2 - check for signed deals and Unit 4 utilisation commentary moving up from low base.
| What to check (from the call) |
|---|
| Injectable contracts expected in H2 - check for signed deals and Unit 4 utilisation commentary moving up from low base. |
| Stellon US ramp in H2 - check tofacitinib traction and MMF oral suspension supply within flagged window. |
| Q3 growth delivery and input-cost normalisation - check reported growth vs above-history framing and gross pressure easing. |
Which stock lists is Concord Biotech on?
Concord Biotech is on 2 of our India lists: Small & mid cap stocks and Pharma stocks.
Is Concord Biotech profitable?
Concord Biotech Ltd earned ₹70.0 Cr of net profit in the Sep 2026 quarter, +11.1% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹259 Cr. Over 6 years profit has grown 7.4% a year on average. That is 22.7% of the quarter's revenue.
Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.
The same quarter a year earlier earned ₹63.0 Cr.
For the full year, FY26 profit was ₹259 Cr (−30.4% on the year before).
FY26 profit ₹259 Cr (−30.4% on the year before), 7.4% a year over 6 years
- Net profit ₹259
| Quarter | Net profit |
|---|---|
| FY20 | ₹169 |
| FY21 | ₹235 |
| FY22 | ₹175 |
| FY23 | ₹240 |
| FY24 | ₹308 |
| FY25 | ₹372 |
| FY26 | ₹259 |
Growth on a year earlier
- Growth on a year earlier −30.4%
| Quarter | Growth on a year earlier |
|---|---|
| FY20 | – |
| FY21 | 39.1% |
| FY22 | −25.5% |
| FY23 | 37.1% |
| FY24 | 28.3% |
| FY25 | 20.8% |
| FY26 | −30.4% |
Sep 2026: ₹70.0 Cr (+11.1% on a year earlier), the 2nd quarter in a row of growth
- Net profit (quarterly) ₹70.0
| Quarter | Net profit (quarterly) |
|---|---|
| Dec 2023 | ₹78 |
| Mar 2024 | ₹95 |
| Jun 2024 | ₹60 |
| Sep 2024 | ₹96 |
| Dec 2024 | ₹76 |
| Mar 2025 | ₹140 |
| Jun 2025 | ₹44 |
| Sep 2025 | ₹63 |
| Dec 2025 | ₹64 |
| Mar 2026 | ₹88 |
| Jun 2026 | ₹58 |
| Sep 2026 | ₹70 |
Growth on a year earlier
- Growth on a year earlier 11.1%
| Quarter | Growth on a year earlier |
|---|---|
| Dec 2023 | 1.3% |
| Mar 2024 | 4.4% |
| Jun 2024 | 11.1% |
| Sep 2024 | 18.5% |
| Dec 2024 | −2.6% |
| Mar 2025 | 47.4% |
| Jun 2025 | −26.7% |
| Sep 2025 | −34.4% |
| Dec 2025 | −15.8% |
| Mar 2026 | −37.1% |
| Jun 2026 | 31.8% |
| Sep 2026 | 11.1% |
Why profit moved: revenue changed +25.1% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.
On average over the last four quarters, profit changed −2.5% and revenue +10.2%. Profit is growing slower than sales: rising costs are taking part of the growth.
How much revenue does Concord Biotech make, and is it growing?
Concord Biotech Ltd reported ₹309 Cr of revenue in the Sep 2026 quarter, +25.1% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 6 years it has grown 12.8% a year on average. The last full year, FY26, came in at ₹1,055 Cr.
Revenue is everything the company billed its customers in the period.
The last four reported quarters add to ₹1,170 Cr.
FY26 revenue was ₹1,055 Cr, −12.1% on the year before.
FY26 revenue ₹1,055 Cr (−12.1% on the year before), 12.8% a year over 6 years
- Revenue ₹1,055
| Quarter | Revenue |
|---|---|
| FY20 | ₹512 |
| FY21 | ₹616 |
| FY22 | ₹713 |
| FY23 | ₹853 |
| FY24 | ₹1,017 |
| FY25 | ₹1,200 |
| FY26 | ₹1,055 |
Growth on a year earlier
- Growth on a year earlier −12.1%
| Quarter | Growth on a year earlier |
|---|---|
| FY20 | – |
| FY21 | 20.3% |
| FY22 | 15.7% |
| FY23 | 19.6% |
| FY24 | 19.2% |
| FY25 | 18% |
| FY26 | −12.1% |
Sep 2026: ₹309 Cr (+25.1% on a year earlier), the 2nd quarter in a row of growth
- Revenue (quarterly) ₹309
| Quarter | Revenue (quarterly) |
|---|---|
| Dec 2023 | ₹241 |
| Mar 2024 | ₹319 |
| Jun 2024 | ₹216 |
| Sep 2024 | ₹310 |
| Dec 2024 | ₹244 |
| Mar 2025 | ₹430 |
| Jun 2025 | ₹204 |
| Sep 2025 | ₹247 |
| Dec 2025 | ₹278 |
| Mar 2026 | ₹326 |
| Jun 2026 | ₹257 |
| Sep 2026 | ₹309 |
Growth on a year earlier
- Growth on a year earlier 25.1%
| Quarter | Growth on a year earlier |
|---|---|
| Dec 2023 | 0% |
| Mar 2024 | 16.8% |
| Jun 2024 | 10.8% |
| Sep 2024 | 18.3% |
| Dec 2024 | 1.2% |
| Mar 2025 | 34.8% |
| Jun 2025 | −5.6% |
| Sep 2025 | −20.3% |
| Dec 2025 | 13.9% |
| Mar 2026 | −24.2% |
| Jun 2026 | 26% |
| Sep 2026 | 25.1% |
Recent pace: the last four quarters grew +10.2% on average, against 12.8% a year over the longer run, so this year is growing slower than its own long-run rate.
Is growth speeding up? Revenue over the last 12 months grew +4.0%, against +3.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −13.3%, against −7.7% a year (rolling over).
How much of every ₹100 of sales does Concord Biotech keep?
Concord Biotech Ltd's operating margin was 34.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 35.0% and 53.0%. The latest quarter is below every full year in that period.
Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.
Why the margin moved: operating margin changed −2.3 percentage points on the year while gross margin changed −4.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.
FY26: 35.0%, within a range of 35.0% to 53.0% over 7 years
- Operating margin 35.0%
| Quarter | Operating margin |
|---|---|
| FY20 | 40% |
| FY21 | 53% |
| FY22 | 38% |
| FY23 | 40% |
| FY24 | 42% |
| FY25 | 42% |
| FY26 | 35% |
Change on the year before (points)
- Change on the year before (points) −7.0 pts
| Quarter | Change on the year before (points) |
|---|---|
| FY20 | – |
| FY21 | +13.0 pts |
| FY22 | −15.0 pts |
| FY23 | +2.0 pts |
| FY24 | +2.0 pts |
| FY25 | 0.0 pts |
| FY26 | −7.0 pts |
Sep 2026: operating margin 34.0% (−2.0 points on a year earlier)
- Operating margin 34.0%
| Quarter | Operating margin |
|---|---|
| Dec 2023 | 44% |
| Mar 2024 | 41% |
| Jun 2024 | 38% |
| Sep 2024 | 43% |
| Dec 2024 | 40% |
| Mar 2025 | 44% |
| Jun 2025 | 30% |
| Sep 2025 | 36% |
| Dec 2025 | 35% |
| Mar 2026 | 36% |
| Jun 2026 | 32% |
| Sep 2026 | 34% |
Change on a year earlier (points)
- Change on a year earlier (points) −2.0 pts
| Quarter | Change on a year earlier (points) |
|---|---|
| Dec 2023 | −2.0 pts |
| Mar 2024 | −6.0 pts |
| Jun 2024 | +1.0 pts |
| Sep 2024 | −1.0 pts |
| Dec 2024 | −4.0 pts |
| Mar 2025 | +3.0 pts |
| Jun 2025 | −8.0 pts |
| Sep 2025 | −7.0 pts |
| Dec 2025 | −5.0 pts |
| Mar 2026 | −8.0 pts |
| Jun 2026 | +2.0 pts |
| Sep 2026 | −2.0 pts |
Is Concord Biotech's profit turning into cash?
Over the last 3 years, 83% of Concord Biotech Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹267 Cr of operating cash against ₹259 Cr of profit. After ₹96.0 Cr of spending on assets, ₹171 Cr was left over as free cash.
The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.
Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.
FY26: operating cash ₹267 Cr against profit ₹259 Cr; 83% of 3 years' profit came in as cash
- Operating cash ₹267
- Net profit ₹259
- Free cash ₹171
| Quarter | Operating cash | Net profit | Free cash |
|---|---|---|---|
| FY20 | ₹155 | ₹169 | – |
| FY21 | ₹167 | ₹235 | −₹44 |
| FY22 | ₹207 | ₹175 | ₹74 |
| FY23 | ₹246 | ₹240 | ₹73 |
| FY24 | ₹265 | ₹308 | ₹191 |
| FY25 | ₹245 | ₹372 | ₹131 |
| FY26 | ₹267 | ₹259 | ₹171 |
FY26: operating cash was 103% of profit (83% over three years)
- Operating cash as % of profit 103%
- Break-even line 100%
| Quarter | Operating cash as % of profit | Break-even line |
|---|---|---|
| FY20 | 92% | 100% |
| FY21 | 71% | 100% |
| FY22 | 118% | 100% |
| FY23 | 102% | 100% |
| FY24 | 86% | 100% |
| FY25 | 66% | 100% |
| FY26 | 103% | 100% |
Why 83% of profit came in as cash: the cash cycle got 37 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.
What to look at next: the bigger use of cash is spending on new assets, at 1.6× depreciation over three years. The next section checks what that spending is building.
Where does Concord Biotech's cash go?
Concord Biotech Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 493 days in FY26, up from 456 days in FY21. It spent ₹284 Cr on assets over the last 3 years. Customers take 159 days to pay, and stock sits for 485 days on average.
Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.
At FY26 sales of ₹1,055 Cr, each day of that cycle ties up about ₹2.9 Cr, so roughly ₹1,425 Cr is tied up in the business at any time.
FY26: customers took 159 days to pay and stock sat for 485 days, about 16.0 months of sales sitting as stock, for a full cycle of 493 days, longer than FY21's 456.
The full loop: cash goes out to suppliers and production on day 0. Stock sits for 485 days. Customers pay about 159 days after that. Suppliers are paid at 151 days. Together that makes the 493-day cycle.
FY26: a 493-day cash cycle, +37 days compared with FY21
- Cash cycle 493d
- Inventory days 485d
- Debtor days 159d
- Payable days 151d
| Quarter | Cash cycle | Inventory days | Debtor days | Payable days |
|---|---|---|---|---|
| FY20 | 242d | 312d | 131d | 201d |
| FY21 | 456d | 503d | 105d | 152d |
| FY22 | 368d | 434d | 119d | 185d |
| FY23 | 357d | 430d | 117d | 190d |
| FY24 | 306d | 331d | 125d | 150d |
| FY25 | 310d | 286d | 159d | 135d |
| FY26 | 493d | 485d | 159d | 151d |
Spending on assets: ₹284 Cr over the last 3 years, against ₹182 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹79.0 Cr (FY26): assets paid for that are not earning yet.
FY26: capex ₹96.0 Cr, work in progress ₹79.0 Cr, a build-out
- Capex ₹96.0
- Work-in-progress ₹79.0
| Quarter | Capex | Work-in-progress |
|---|---|---|
| FY21 | ₹211 | ₹18 |
| FY22 | ₹133 | ₹74 |
| FY23 | ₹173 | ₹173 |
| FY24 | ₹74 | ₹211 |
| FY25 | ₹114 | ₹51 |
| FY26 | ₹96 | ₹79 |
In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.
What is Concord Biotech's P/E ratio, and how does it compare with its own history?
Concord Biotech Ltd's P/E is 45.7×, near the low end of its own history: it has been lower only 26% of the time. Its usual P/E (the middle reading) is 51.8×, over 3.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.
P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.
The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹26.99.
P/E 45.7× against a usual 51.8×: near the low end of its own history: it has been lower only 26% of the time
- P/E 45.7×
- Median 51.8×
| Week | P/E | Median |
|---|---|---|
| 18 Aug 2023 | 41.5× | 51.8× |
| 25 Aug 2023 | 42.9× | 51.8× |
| 1 Sep 2023 | 42.8× | 51.8× |
| 8 Sep 2023 | 44.7× | 51.8× |
| 15 Sep 2023 | 44.7× | 51.8× |
| 22 Sep 2023 | 43.3× | 51.8× |
| 29 Sep 2023 | 47.8× | 51.8× |
| 6 Oct 2023 | 49.4× | 51.8× |
| 13 Oct 2023 | 50.3× | 51.8× |
| 20 Oct 2023 | 51.8× | 51.8× |
| 27 Oct 2023 | 53.1× | 51.8× |
| 3 Nov 2023 | 50.5× | 51.8× |
| 12 Nov 2023 | 58.6× | 51.8× |
| 17 Nov 2023 | 56.4× | 51.8× |
| 24 Nov 2023 | 55.4× | 51.8× |
| 1 Dec 2023 | 57.5× | 51.8× |
| 8 Dec 2023 | 58.0× | 51.8× |
| 15 Dec 2023 | 58.2× | 51.8× |
| 22 Dec 2023 | 66.3× | 51.8× |
| 29 Dec 2023 | 64.9× | 51.8× |
| 5 Jan 2024 | 68.3× | 51.8× |
| 12 Jan 2024 | 63.0× | 51.8× |
| 20 Jan 2024 | 61.5× | 51.8× |
| 25 Jan 2024 | 61.1× | 51.8× |
| 2 Feb 2024 | 64.5× | 51.8× |
| 9 Feb 2024 | 50.0× | 51.8× |
| 16 Feb 2024 | 50.3× | 51.8× |
| 23 Feb 2024 | 50.7× | 51.8× |
| 2 Mar 2024 | 50.5× | 51.8× |
| 7 Mar 2024 | 52.6× | 51.8× |
| 15 Mar 2024 | 48.1× | 51.8× |
| 22 Mar 2024 | 51.3× | 51.8× |
| 28 Mar 2024 | 52.2× | 51.8× |
| 5 Apr 2024 | 52.8× | 51.8× |
| 12 Apr 2024 | 53.6× | 51.8× |
| 19 Apr 2024 | 54.7× | 51.8× |
| 26 Apr 2024 | 57.0× | 51.8× |
| 3 May 2024 | 55.6× | 51.8× |
| 10 May 2024 | 51.8× | 51.8× |
| 18 May 2024 | 51.3× | 51.8× |
| 24 May 2024 | 49.3× | 51.8× |
| 31 May 2024 | 49.7× | 51.8× |
| 7 Jun 2024 | 49.4× | 51.8× |
| 14 Jun 2024 | 53.8× | 51.8× |
| 21 Jun 2024 | 54.8× | 51.8× |
| 28 Jun 2024 | 54.5× | 51.8× |
| 5 Jul 2024 | 59.2× | 51.8× |
| 12 Jul 2024 | 59.4× | 51.8× |
| 19 Jul 2024 | 58.8× | 51.8× |
| 26 Jul 2024 | 59.9× | 51.8× |
| 2 Aug 2024 | 55.5× | 51.8× |
| 9 Aug 2024 | 51.9× | 51.8× |
| 16 Aug 2024 | 54.6× | 51.8× |
| 23 Aug 2024 | 54.9× | 51.8× |
| 30 Aug 2024 | 55.6× | 51.8× |
| 6 Sep 2024 | 61.3× | 51.8× |
| 13 Sep 2024 | 69.5× | 51.8× |
| 20 Sep 2024 | 69.5× | 51.8× |
| 27 Sep 2024 | 68.4× | 51.8× |
| 4 Oct 2024 | 64.2× | 51.8× |
| 11 Oct 2024 | 63.3× | 51.8× |
| 18 Oct 2024 | 67.4× | 51.8× |
| 25 Oct 2024 | 60.4× | 51.8× |
| 1 Nov 2024 | 62.2× | 51.8× |
| 8 Nov 2024 | 61.8× | 51.8× |
| 14 Nov 2024 | 60.5× | 51.8× |
| 22 Nov 2024 | 64.4× | 51.8× |
| 29 Nov 2024 | 67.9× | 51.8× |
| 6 Dec 2024 | 69.3× | 51.8× |
| 13 Dec 2024 | 67.4× | 51.8× |
| 20 Dec 2024 | 67.9× | 51.8× |
| 27 Dec 2024 | 69.1× | 51.8× |
| 3 Jan 2025 | 66.5× | 51.8× |
| 10 Jan 2025 | 69.5× | 51.8× |
| 17 Jan 2025 | 69.5× | 51.8× |
| 24 Jan 2025 | 66.9× | 51.8× |
| 1 Feb 2025 | 67.0× | 51.8× |
| 7 Feb 2025 | 69.5× | 51.8× |
| 14 Feb 2025 | 54.3× | 51.8× |
| 21 Feb 2025 | 52.9× | 51.8× |
| 28 Feb 2025 | 48.0× | 51.8× |
| 7 Mar 2025 | 55.3× | 51.8× |
| 13 Mar 2025 | 52.9× | 51.8× |
| 21 Mar 2025 | 53.9× | 51.8× |
| 28 Mar 2025 | 53.9× | 51.8× |
| 4 Apr 2025 | 53.1× | 51.8× |
| 11 Apr 2025 | 53.0× | 51.8× |
| 17 Apr 2025 | 55.2× | 51.8× |
| 25 Apr 2025 | 50.9× | 51.8× |
| 2 May 2025 | 47.8× | 51.8× |
| 9 May 2025 | 49.5× | 51.8× |
| 16 May 2025 | 48.1× | 51.8× |
| 23 May 2025 | 49.2× | 51.8× |
| 30 May 2025 | 49.2× | 51.8× |
| 6 Jun 2025 | 54.2× | 51.8× |
| 13 Jun 2025 | 59.4× | 51.8× |
| 20 Jun 2025 | 51.7× | 51.8× |
| 27 Jun 2025 | 51.3× | 51.8× |
| 4 Jul 2025 | 48.9× | 51.8× |
| 11 Jul 2025 | 50.8× | 51.8× |
| 18 Jul 2025 | 53.3× | 51.8× |
| 25 Jul 2025 | 52.9× | 51.8× |
| 1 Aug 2025 | 49.0× | 51.8× |
| 8 Aug 2025 | 45.0× | 51.8× |
| 14 Aug 2025 | 46.2× | 51.8× |
| 22 Aug 2025 | 53.7× | 51.8× |
| 29 Aug 2025 | 51.1× | 51.8× |
| 5 Sep 2025 | 50.4× | 51.8× |
| 12 Sep 2025 | 49.8× | 51.8× |
| 19 Sep 2025 | 51.5× | 51.8× |
| 26 Sep 2025 | 47.6× | 51.8× |
| 3 Oct 2025 | 48.5× | 51.8× |
| 10 Oct 2025 | 48.7× | 51.8× |
| 17 Oct 2025 | 46.5× | 51.8× |
| 24 Oct 2025 | 44.8× | 51.8× |
| 31 Oct 2025 | 43.9× | 51.8× |
| 7 Nov 2025 | 42.4× | 51.8× |
| 14 Nov 2025 | 45.6× | 51.8× |
| 21 Nov 2025 | 43.4× | 51.8× |
| 28 Nov 2025 | 43.1× | 51.8× |
| 5 Dec 2025 | 42.8× | 51.8× |
| 12 Dec 2025 | 41.6× | 51.8× |
| 19 Dec 2025 | 40.6× | 51.8× |
| 26 Dec 2025 | 40.7× | 51.8× |
| 2 Jan 2026 | 39.9× | 51.8× |
| 9 Jan 2026 | 40.1× | 51.8× |
| 16 Jan 2026 | 41.1× | 51.8× |
| 23 Jan 2026 | 37.9× | 51.8× |
| 1 Feb 2026 | 34.6× | 51.8× |
| 6 Feb 2026 | 40.4× | 51.8× |
| 13 Feb 2026 | 36.0× | 51.8× |
| 20 Feb 2026 | 33.4× | 51.8× |
| 27 Feb 2026 | 37.1× | 51.8× |
| 6 Mar 2026 | 36.7× | 51.8× |
| 13 Mar 2026 | 35.9× | 51.8× |
| 20 Mar 2026 | 33.2× | 51.8× |
| 27 Mar 2026 | 30.9× | 51.8× |
| 2 Apr 2026 | 31.2× | 51.8× |
| 10 Apr 2026 | 32.2× | 51.8× |
| 17 Apr 2026 | 32.9× | 51.8× |
| 24 Apr 2026 | 30.9× | 51.8× |
| 30 Apr 2026 | 34.7× | 51.8× |
| 8 May 2026 | 35.7× | 51.8× |
| 15 May 2026 | 34.5× | 51.8× |
| 22 May 2026 | 35.1× | 51.8× |
| 29 May 2026 | 32.0× | 51.8× |
| 4 Jun 2026 | 49.2× | 51.8× |
| 5 Jun 2026 | 36.8× | 51.8× |
| 10 Jun 2026 | 52.9× | 51.8× |
| 12 Jun 2026 | 41.2× | 51.8× |
| 17 Jun 2026 | 53.2× | 51.8× |
| 19 Jun 2026 | 40.0× | 51.8× |
| 24 Jun 2026 | 51.3× | 51.8× |
| 25 Jun 2026 | 39.1× | 51.8× |
| 1 Jul 2026 | 51.1× | 51.8× |
| 3 Jul 2026 | 38.8× | 51.8× |
| 10 Jul 2026 | 57.2× | 51.8× |
| 17 Jul 2026 | 58.9× | 51.8× |
| 24 Jul 2026 | 54.8× | 51.8× |
| 31 Jul 2026 | 53.5× | 51.8× |
| 7 Aug 2026 | 51.4× | 51.8× |
| 14 Aug 2026 | 54.6× | 51.8× |
| 21 Aug 2026 | 59.2× | 51.8× |
| 28 Aug 2026 | 55.8× | 51.8× |
| 4 Sep 2026 | 53.4× | 51.8× |
| 11 Sep 2026 | 56.7× | 51.8× |
| 18 Sep 2026 | 56.3× | 51.8× |
| 25 Sep 2026 | 54.7× | 51.8× |
| 28 Sep 2026 | 53.6× | 51.8× |
| 1 Oct 2026 | 51.8× | 51.8× |
| 9 Oct 2026 | 51.3× | 51.8× |
| 16 Oct 2026 | 50.4× | 51.8× |
| 23 Oct 2026 | 46.3× | 51.8× |
| 30 Oct 2026 | 45.7× | 51.8× |
Earnings per share, 12 months
- Earnings per share, 12 months ₹27
| Week | Earnings per share, 12 months |
|---|---|
| 18 Aug 2023 | – |
| 25 Aug 2023 | – |
| 1 Sep 2023 | – |
| 8 Sep 2023 | – |
| 15 Sep 2023 | – |
| 22 Sep 2023 | – |
| 29 Sep 2023 | ₹23 |
| 6 Oct 2023 | ₹23 |
| 13 Oct 2023 | ₹23 |
| 20 Oct 2023 | ₹23 |
| 27 Oct 2023 | ₹23 |
| 3 Nov 2023 | ₹23 |
| 12 Nov 2023 | ₹23 |
| 17 Nov 2023 | ₹23 |
| 24 Nov 2023 | ₹23 |
| 1 Dec 2023 | ₹23 |
| 8 Dec 2023 | ₹23 |
| 15 Dec 2023 | ₹23 |
| 22 Dec 2023 | ₹23 |
| 29 Dec 2023 | ₹23 |
| 5 Jan 2024 | ₹23 |
| 12 Jan 2024 | ₹23 |
| 20 Jan 2024 | ₹23 |
| 25 Jan 2024 | ₹23 |
| 2 Feb 2024 | ₹23 |
| 9 Feb 2024 | ₹23 |
| 16 Feb 2024 | ₹23 |
| 23 Feb 2024 | ₹23 |
| 2 Mar 2024 | ₹23 |
| 7 Mar 2024 | ₹23 |
| 15 Mar 2024 | ₹23 |
| 22 Mar 2024 | ₹23 |
| 28 Mar 2024 | ₹29 |
| 5 Apr 2024 | ₹29 |
| 12 Apr 2024 | ₹29 |
| 19 Apr 2024 | ₹29 |
| 26 Apr 2024 | ₹29 |
| 3 May 2024 | ₹29 |
| 10 May 2024 | ₹29 |
| 18 May 2024 | ₹29 |
| 24 May 2024 | ₹29 |
| 31 May 2024 | ₹29 |
| 7 Jun 2024 | ₹29 |
| 14 Jun 2024 | ₹29 |
| 21 Jun 2024 | ₹29 |
| 28 Jun 2024 | ₹28 |
| 5 Jul 2024 | ₹28 |
| 12 Jul 2024 | ₹28 |
| 19 Jul 2024 | ₹28 |
| 26 Jul 2024 | ₹28 |
| 2 Aug 2024 | ₹28 |
| 9 Aug 2024 | ₹28 |
| 16 Aug 2024 | ₹28 |
| 23 Aug 2024 | ₹28 |
| 30 Aug 2024 | ₹28 |
| 6 Sep 2024 | ₹28 |
| 13 Sep 2024 | ₹28 |
| 20 Sep 2024 | ₹28 |
| 27 Sep 2024 | ₹30 |
| 4 Oct 2024 | ₹30 |
| 11 Oct 2024 | ₹30 |
| 18 Oct 2024 | ₹30 |
| 25 Oct 2024 | ₹30 |
| 1 Nov 2024 | ₹30 |
| 8 Nov 2024 | ₹30 |
| 14 Nov 2024 | ₹30 |
| 22 Nov 2024 | ₹30 |
| 29 Nov 2024 | ₹30 |
| 6 Dec 2024 | ₹30 |
| 13 Dec 2024 | ₹30 |
| 20 Dec 2024 | ₹30 |
| 27 Dec 2024 | ₹31 |
| 3 Jan 2025 | ₹31 |
| 10 Jan 2025 | ₹31 |
| 17 Jan 2025 | ₹31 |
| 24 Jan 2025 | ₹31 |
| 1 Feb 2025 | ₹31 |
| 7 Feb 2025 | ₹31 |
| 14 Feb 2025 | ₹31 |
| 21 Feb 2025 | ₹31 |
| 28 Feb 2025 | ₹31 |
| 7 Mar 2025 | ₹31 |
| 13 Mar 2025 | ₹31 |
| 21 Mar 2025 | ₹31 |
| 28 Mar 2025 | ₹31 |
| 4 Apr 2025 | ₹31 |
| 11 Apr 2025 | ₹31 |
| 17 Apr 2025 | ₹31 |
| 25 Apr 2025 | ₹31 |
| 2 May 2025 | ₹31 |
| 9 May 2025 | ₹31 |
| 16 May 2025 | ₹31 |
| 23 May 2025 | ₹31 |
| 30 May 2025 | ₹31 |
| 6 Jun 2025 | ₹31 |
| 13 Jun 2025 | ₹31 |
| 20 Jun 2025 | ₹31 |
| 27 Jun 2025 | ₹36 |
| 4 Jul 2025 | ₹36 |
| 11 Jul 2025 | ₹36 |
| 18 Jul 2025 | ₹36 |
| 25 Jul 2025 | ₹36 |
| 1 Aug 2025 | ₹36 |
| 8 Aug 2025 | ₹36 |
| 14 Aug 2025 | ₹36 |
| 22 Aug 2025 | ₹36 |
| 29 Aug 2025 | ₹36 |
| 5 Sep 2025 | ₹36 |
| 12 Sep 2025 | ₹36 |
| 19 Sep 2025 | ₹36 |
| 26 Sep 2025 | ₹33 |
| 3 Oct 2025 | ₹33 |
| 10 Oct 2025 | ₹33 |
| 17 Oct 2025 | ₹33 |
| 24 Oct 2025 | ₹33 |
| 31 Oct 2025 | ₹33 |
| 7 Nov 2025 | ₹33 |
| 14 Nov 2025 | ₹33 |
| 21 Nov 2025 | ₹33 |
| 28 Nov 2025 | ₹33 |
| 5 Dec 2025 | ₹33 |
| 12 Dec 2025 | ₹33 |
| 19 Dec 2025 | ₹33 |
| 26 Dec 2025 | ₹33 |
| 2 Jan 2026 | ₹33 |
| 9 Jan 2026 | ₹33 |
| 16 Jan 2026 | ₹33 |
| 23 Jan 2026 | ₹33 |
| 1 Feb 2026 | ₹33 |
| 6 Feb 2026 | ₹33 |
| 13 Feb 2026 | ₹33 |
| 20 Feb 2026 | ₹33 |
| 27 Feb 2026 | ₹33 |
| 6 Mar 2026 | ₹33 |
| 13 Mar 2026 | ₹33 |
| 20 Mar 2026 | ₹33 |
| 27 Mar 2026 | ₹33 |
| 2 Apr 2026 | ₹33 |
| 10 Apr 2026 | ₹33 |
| 17 Apr 2026 | ₹33 |
| 24 Apr 2026 | ₹33 |
| 30 Apr 2026 | ₹33 |
| 8 May 2026 | ₹33 |
| 15 May 2026 | ₹33 |
| 22 May 2026 | ₹33 |
| 29 May 2026 | ₹33 |
| 4 Jun 2026 | ₹33 |
| 5 Jun 2026 | ₹33 |
| 10 Jun 2026 | ₹33 |
| 12 Jun 2026 | ₹33 |
| 17 Jun 2026 | ₹33 |
| 19 Jun 2026 | ₹33 |
| 24 Jun 2026 | ₹33 |
| 25 Jun 2026 | ₹33 |
| 1 Jul 2026 | ₹33 |
| 3 Jul 2026 | ₹33 |
| 10 Jul 2026 | ₹33 |
| 17 Jul 2026 | ₹33 |
| 24 Jul 2026 | ₹33 |
| 31 Jul 2026 | ₹33 |
| 7 Aug 2026 | ₹33 |
| 14 Aug 2026 | ₹33 |
| 21 Aug 2026 | ₹33 |
| 28 Aug 2026 | ₹33 |
| 4 Sep 2026 | ₹33 |
| 11 Sep 2026 | ₹33 |
| 18 Sep 2026 | ₹33 |
| 25 Sep 2026 | ₹33 |
| 28 Sep 2026 | ₹26 |
| 1 Oct 2026 | ₹26 |
| 9 Oct 2026 | ₹26 |
| 16 Oct 2026 | ₹26 |
| 23 Oct 2026 | ₹26 |
| 30 Oct 2026 | ₹27 |
Why the multiple is where it is: over the past year earnings per share moved −29.8% while the price moved −13.7%. The price did better than earnings, which pushed the multiple up within its own range.
Where the price move came from: over 3 years the price moved +1.1% a year; about +6.3% a year came from earnings growth and about −5.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.
In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.
Is the Concord Biotech business getting better or worse?
Concord Biotech Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −13.3% in the latest quarter, against +28.9% at its best in 12 quarters, with ROCE falling at 18.7%. This is based on 12 quarters of 4 measures.
Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.
Growth year by year: revenue −12.1% in FY26, profit −30.4%
- Revenue growth −12.1%
| Quarter | Revenue growth |
|---|---|
| FY20 | – |
| FY21 | 20.3% |
| FY22 | 15.7% |
| FY23 | 19.6% |
| FY24 | 19.2% |
| FY25 | 18% |
| FY26 | −12.1% |
Profit growth, EPS growth
- Profit growth −30.4%
- EPS growth −29.8%
| Quarter | Profit growth | EPS growth |
|---|---|---|
| FY20 | – | – |
| FY21 | 39.1% | 39.1% |
| FY22 | −25.5% | −25.7% |
| FY23 | 37.1% | 37.3% |
| FY24 | 28.3% | 28.3% |
| FY25 | 20.8% | 20.6% |
| FY26 | −30.4% | −29.8% |
Three growth lines over twelve quarters: revenue stabilising, profit rolling over
- Revenue 4%
| Quarter | Revenue |
|---|---|
| Dec 2023 | – |
| Mar 2024 | 19.1% |
| Jun 2024 | 19.6% |
| Sep 2024 | 11.8% |
| Dec 2024 | 12.2% |
| Mar 2025 | 18% |
| Jun 2025 | 14.5% |
| Sep 2025 | 3.6% |
| Dec 2025 | 6.4% |
| Mar 2026 | −12.1% |
| Jun 2026 | −6.7% |
| Sep 2026 | 4% |
Profit, EPS
- Profit −13.3%
- EPS −12.9%
| Quarter | Profit | EPS |
|---|---|---|
| Dec 2023 | – | – |
| Mar 2024 | 28.9% | 28.2% |
| Jun 2024 | 28.7% | 27.6% |
| Sep 2024 | 8.6% | 7.7% |
| Dec 2024 | 7.6% | 7.1% |
| Mar 2025 | 20.8% | 20.7% |
| Jun 2025 | 13.4% | 13.7% |
| Sep 2025 | −1.8% | −1.2% |
| Dec 2025 | −4.9% | −4.2% |
| Mar 2026 | −30.4% | −29.8% |
| Jun 2026 | −23.3% | −22.7% |
| Sep 2026 | −13.3% | −12.9% |
ROCE: the return line, worked out each quarter
- ROCE 18.7%
| Quarter | ROCE |
|---|---|
| Dec 2023 | 29.7% |
| Mar 2024 | 28.8% |
| Jun 2024 | 29.4% |
| Sep 2024 | 29.4% |
| Dec 2024 | 29.3% |
| Mar 2025 | 29% |
| Jun 2025 | 27.8% |
| Sep 2025 | 24.6% |
| Dec 2025 | 23.8% |
| Mar 2026 | 17.6% |
| Jun 2026 | 18.6% |
| Sep 2026 | 18.7% |
Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.
Compound annual growth rate (%)
Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.
| Measure | 1yr | 3yr | 5yr | 10yr |
|---|---|---|---|---|
| Revenue | −12.1% | +7.3% | +11.4% | — |
| Profit | −30.4% | +2.6% | +2.0% | — |
| EPS | −29.8% | +2.8% | +2.1% | — |
| Share price | −13.7% | +1.1% | — | — |
How much does Concord Biotech earn on its capital?
Concord Biotech Ltd earned a ROCE of 17% in FY26. Its return on capital used (ROIC) is 3.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 24.5% net margin and 0.47× asset turnover (sales divided by assets).
Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.
Why the return is what it is (FY26): a 24.5% net margin × 0.47× asset turnover × 1.11× leverage (assets divided by equity) ≈ 12.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.
The key test, return on capital used minus the cost of capital: 15.8% − 12.0% = +3.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.
FY26: ROCE 17%, the full history
- ROCE 17%
- ROIC (annual) 14.9%
- Cost of capital 12%
| Quarter | ROCE | ROIC (annual) | Cost of capital |
|---|---|---|---|
| FY21 | 32% | – | 12% |
| FY22 | 21% | 17.8% | 12% |
| FY23 | 26% | 20.8% | 12% |
| FY24 | 28% | 24% | 12% |
| FY25 | 28% | 25.4% | 12% |
| FY26 | 17% | 14.9% | 12% |
Does Concord Biotech have too much debt?
Concord Biotech Ltd has total debt of ₹2.0 Cr against shareholder equity of ₹2,072 Cr as of Sep 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.02 in FY23 to 0.00 in FY26. So the returns on this page come from the business, not from borrowed money.
Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.
FY26: debt ₹2.0 Cr, 0.00× equity
- Total debt ₹2.0
| Quarter | Total debt |
|---|---|
| FY23 | ₹32 |
| FY24 | ₹10 |
| FY25 | ₹3 |
| FY26 | ₹2 |
Debt-to-equity
- Debt-to-equity 0.00×
| Quarter | Debt-to-equity |
|---|---|
| FY23 | 0.02× |
| FY24 | 0.01× |
| FY25 | 0.00× |
| FY26 | 0.00× |
Sep 2026: debt ₹2.0 Cr, debt-to-equity 0.00
- Total debt (quarterly) ₹2.0
| Quarter | Total debt (quarterly) |
|---|---|
| Dec 2023 | ₹23 |
| Mar 2024 | ₹10 |
| Jun 2024 | ₹10 |
| Sep 2024 | ₹3 |
| Dec 2024 | ₹3 |
| Mar 2025 | ₹3 |
| Jun 2025 | ₹3 |
| Sep 2025 | ₹2 |
| Dec 2025 | ₹2 |
| Mar 2026 | ₹2 |
| Jun 2026 | ₹2 |
| Sep 2026 | ₹2 |
Debt-to-equity
- Debt-to-equity 0.00×
| Quarter | Debt-to-equity |
|---|---|
| Dec 2023 | 0.02× |
| Mar 2024 | 0.01× |
| Jun 2024 | 0.01× |
| Sep 2024 | 0.00× |
| Dec 2024 | 0.00× |
| Mar 2025 | 0.00× |
| Jun 2025 | 0.00× |
| Sep 2025 | 0.00× |
| Dec 2025 | 0.00× |
| Mar 2026 | 0.00× |
| Jun 2026 | 0.00× |
| Sep 2026 | 0.00× |
What is the Concord Biotech shareholding pattern?
Domestic institutions raised their stake in Concord Biotech Ltd by 1.1 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 10.9% of the company. Foreign institutions moved −0.8 points over the same period, to 7.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.
Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.
Over the last two years: Domestic institutions: +1.1 points over 8 quarters, to 10.9%; Foreign institutions: −0.8 points over 8 quarters, to 7.3%; Promoters: +0.0 points over 8 quarters, to 44.1%.
Why the owners changed: domestic institutions drove it (+1.1 points), with the other side taken by foreign institutions (−0.8 points). They raised their stake step by step.
Year ends: the public −2.1 points from Mar 2024 to Mar 2026
- Promoters 44.08%
- Foreign inst. 7.79%
- Domestic inst. 9.22%
- Public 38.9%
| Quarter | Promoters | Foreign inst. | Domestic inst. | Public |
|---|---|---|---|---|
| Mar 2024 | 44.08% | 6.49% | 8.41% | 41.03% |
| Mar 2025 | 44.08% | 9.35% | 9.16% | 37.41% |
| Mar 2026 | 44.08% | 7.79% | 9.22% | 38.9% |
Domestic institutions raised their stake by 1.1 points over 8 quarters
- Promoters 44.09%
- Foreign inst. 7.28%
- Domestic inst. 10.95%
- Public 37.68%
| Quarter | Promoters | Foreign inst. | Domestic inst. | Public |
|---|---|---|---|---|
| Sep 2023 | 44.08% | 7.3% | 8.12% | 40.5% |
| Dec 2023 | 44.08% | 7% | 8.4% | 40.52% |
| Mar 2024 | 44.08% | 6.49% | 8.41% | 41.03% |
| Jun 2024 | 44.08% | 7.11% | 10.35% | 38.46% |
| Sep 2024 | 44.08% | 8.1% | 9.89% | 37.95% |
| Dec 2024 | 44.08% | 8.33% | 9.65% | 37.93% |
| Mar 2025 | 44.08% | 9.35% | 9.16% | 37.41% |
| Jun 2025 | 44.08% | 9.1% | 8.85% | 37.94% |
| Sep 2025 | 44.08% | 8.03% | 9.55% | 38.32% |
| Dec 2025 | 44.08% | 7.58% | 9.58% | 38.75% |
| Mar 2026 | 44.08% | 7.79% | 9.22% | 38.9% |
| Jun 2026 | 44.08% | 7.53% | 9.37% | 39.04% |
| Sep 2026 | 44.09% | 7.28% | 10.95% | 37.68% |
How far is Concord Biotech from balance-sheet trouble?
For Concord Biotech Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.
The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.
How does Concord Biotech rank in its industry?
There is no score against its industry: Concord Biotech Ltd is score temporarily unavailable, fetchAllRows(mlaSectorData.supplemental[1]): page at offset 1000 failed: canceling statement due to statement timeout for undefined.
The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.
Which companies is Concord Biotech compared with?
No sector comparison is shown here, score temporarily unavailable, fetchAllRows(mlaSectorData.supplemental[1]): page at offset 1000 failed: canceling statement due to statement timeout.
Which companies are close to Concord Biotech in size?
Concord Biotech is the 15th largest of 24 Pharma - API & CRAMS companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Cohance Lifesciences, Syngene International and Jubilant Pharmova. Just below it: Blue Jet Healthcare, Supriya Lifescience and Morepen Laboratories.
Pharma - API & CRAMS companies close in size
- Cohance Lifesciences Ltd ₹16,999 crore
- Syngene International Ltd ₹16,256 crore
- Jubilant Pharmova Ltd ₹14,716 crore
- Concord Biotech Ltd ₹13,031 crore
- Blue Jet Healthcare Ltd ₹9,550 crore
- Supriya Lifescience Ltd ₹6,819 crore
- Morepen Laboratories Ltd ₹6,211 crore
All 24 Pharma - API & CRAMS companies, largest first
Companies close in size in other industries
- Gujarat Mineral Development Corporation Ltd ₹13,090 crore · Mining/Minerals
- Fractal Analytics Ltd ₹13,059 crore · IT Enabled Services/Business Process Outsourcing
- Concord Biotech Ltd ₹13,031 crore
- Anupam Rasayan India Ltd ₹13,019 crore · Speciality Chemicals
- Godawari Power & Ispat Ltd ₹12,987 crore · Mining/Minerals - Iron Ore
What else do people ask about Concord Biotech?
What were Concord Biotech's latest quarterly results?
Concord Biotech Ltd reported revenue of ₹309 Cr and net profit of ₹70.0 Cr for the Sep 2026 quarter. Revenue rose 25.1% and profit rose 11.1% compared with a year earlier. Earnings per share were ₹6.75.
The operating margin was 34.0%, 2.0 percentage points lower than a year earlier (as of 30 October 2026).
What is Concord Biotech's market cap?
Concord Biotech Ltd's market capitalisation is ₹13,031 Cr at a share price of ₹1,245.60. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 30 October 2026).
How is Concord Biotech performing?
Concord Biotech Ltd's share price has been rising for 12 weeks. In its latest quarter, revenue rose 25.1% and profit rose 11.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 2 weeks running (as of 30 October 2026).
Will Concord Biotech's share price go up?
This page does not forecast Concord Biotech Ltd's share price. What it shows instead: the share price is ₹1,245.60, and it has been rising for 12 weeks. Its P/E of 45.7× is higher than 26% of its own last 3 years (as of 30 October 2026).
Who owns Concord Biotech?
Promoters own 44.1% of Concord Biotech Ltd, foreign institutions 7.3%, domestic institutions 10.9% and the public 37.7% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 1.1 percentage points over 8 quarters (as of 30 October 2026).
Does Concord Biotech have too much debt?
No, Concord Biotech Ltd has little debt: its debt is 0.00× its equity, and its operating profit is more than 100 times its interest bill. FY26 borrowings were ₹2.0 Cr against equity of ₹2,017 Cr.
So the returns on this page come from the business, not borrowed money (as of 30 October 2026).
Where is Concord Biotech in its business cycle?
Concord Biotech Ltd's FY26 operating margin was 35.0%, against a 7-year range of 35.0% to 53.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 34.0%.
Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 30 October 2026).
What could break the Concord Biotech story?
Biggest thing to watch: the price has already been rising for 12 weeks, so timing is the risk more than the business.
On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 30 October 2026).
Is Concord Biotech a stock worth studying right now?
What the numbers show: Concord Biotech Ltd's results are improving, while its P/E is near the low end of its own history over 3.2 years, higher than only 26% of past readings. The main open question: the next one or two quarters of results.
Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 30 October 2026).
Is there a Concord Biotech share price forecast for 2026?
What management itself guided: FY27 revenue slightly better than 18-19%, API slightly higher with Q3 visibility.
Where do these numbers come from?
Sector Alpha, written by code from the published numbers. Data as of 30 October 2026.
Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.
See the plain-text version of this page.
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