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Sai Life Sciences share price today

Sai Life Sciences Ltd · NSE: SAILIFE · Pharma - API & CRAMS · price as of the 3 November 2026 close, updated every trading day · results updated weekly · research updated 22 August 2026

Sai Life Sciences share price today: ₹1,558.20 at the NSE close on 3 November 2026, up 69.7% in a year. Sai Life Sciences (NSE: SAILIFE) is worth ₹33,097 crore, trades at a P/E of 90.0 and has closed between ₹795.00 and ₹1,600.50 over the past 52 weeks. Latest change: promoters cut their stake for 7 quarters in a row.

₹1,558.20Price +69.7% in a year
90.0×P/E higher than 78% of the last 1 year
₹554 CrRevenue (Jun 2026) +11.7% on a year ago
₹73.0 CrProfit (Jun 2026) +21.7% on a year ago
27.0%Operating margin +3.0 points on a year ago
20%ROCE FY26
14.0%ROIC against a 12.0% cost of capital: +2.0 points
180%Profit that came in as cash last 3 years

Sai Life Sciences Ltd's earnings have grown faster than its share price. Earnings per share grew +102.0% in a year while the price moved +69.7%.

The main question: yearly earnings per share moved +102.0% while the share price moved +69.7%.

The price has been rising for 70 weeks, and the P/E is higher than 78% of its own last 1 year. Over the last four quarters, results have been improving, with profit +21.7% on a year earlier, and 180% of the last 3 years' profit came in as cash. What will decide it: whether the price catches up with earnings that have already grown.

What is the Sai Life Sciences share price today?

Sai Life Sciences Ltd's share price was ₹1,558.20 at the close on 3 November 2026. It has been rising for 70 weeks. That is 24.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹795 and ₹1,601, and at that close it sat 95% 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 Sai Life Sciences Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 46 weeks in a row.

Nov 2026: ₹1,558, 24.2% above its 200-day average. The price has been rising for 70 weeks.

  • Price ₹1,558
  • 50-day avg ₹1,472
  • 200-day avg ₹1,254
Nov 2026: ₹1,558, 24.2% above its 200-day average. The price has been rising for 70 weeks.
WeekPrice50-day avg200-day avg
20 Dec 2024₹704₹761₹764
27 Dec 2024₹722₹757₹763
3 Jan 2025₹780₹758₹763
10 Jan 2025₹720₹753₹761
17 Jan 2025₹716₹746₹759
24 Jan 2025₹674₹738₹756
1 Feb 2025₹655₹721₹750
7 Feb 2025₹751₹719₹748
14 Feb 2025₹662₹713₹745
21 Feb 2025₹706₹709₹742
28 Feb 2025₹690₹707₹741
7 Mar 2025₹685₹707₹739
13 Mar 2025₹700₹706₹738
21 Mar 2025₹726₹707₹736
28 Mar 2025₹761₹714₹737
4 Apr 2025₹717₹719₹737
11 Apr 2025₹670₹711₹734
17 Apr 2025₹722₹714₹735
25 Apr 2025₹688₹713₹733
2 May 2025₹716₹711₹732
9 May 2025₹705₹712₹731
16 May 2025₹751₹717₹732
23 May 2025₹719₹720₹732
30 May 2025₹757₹722₹732
6 Jun 2025₹737₹724₹732
13 Jun 2025₹770₹731₹733
20 Jun 2025₹765₹734₹734
27 Jun 2025₹764₹738₹735
4 Jul 2025₹793₹747₹737
11 Jul 2025₹782₹754₹740
18 Jul 2025₹815₹765₹743
25 Jul 2025₹839₹775₹747
1 Aug 2025₹788₹783₹751
8 Aug 2025₹828₹786₹753
14 Aug 2025₹888₹802₹759
22 Aug 2025₹926₹822₹766
29 Aug 2025₹825₹827₹770
5 Sep 2025₹860₹830₹773
12 Sep 2025₹873₹836₹778
19 Sep 2025₹914₹847₹783
26 Sep 2025₹858₹852₹788
3 Oct 2025₹883₹856₹792
10 Oct 2025₹861₹857₹795
17 Oct 2025₹872₹859₹798
24 Oct 2025₹895₹863₹802
31 Oct 2025₹918₹871₹807
7 Nov 2025₹875₹877₹811
14 Nov 2025₹872₹879₹815
21 Nov 2025₹861₹877₹817
28 Nov 2025₹884₹877₹820
5 Dec 2025₹876₹877₹823
12 Dec 2025₹899₹878₹826
19 Dec 2025₹918₹882₹830
26 Dec 2025₹897₹885₹832
2 Jan 2026₹922₹889₹836
9 Jan 2026₹923₹901₹842
16 Jan 2026₹872₹900₹844
23 Jan 2026₹795₹885₹843
1 Feb 2026₹839₹876₹842
6 Feb 2026₹850₹869₹842
13 Feb 2026₹915₹878₹846
20 Feb 2026₹941₹889₹850
27 Feb 2026₹998₹902₹856
6 Mar 2026₹1,037₹920₹862
13 Mar 2026₹953₹935₹869
20 Mar 2026₹1,000₹946₹875
27 Mar 2026₹986₹954₹880
2 Apr 2026₹960₹955₹883
10 Apr 2026₹999₹958₹887
17 Apr 2026₹971₹961₹890
24 Apr 2026₹1,025₹968₹896
30 Apr 2026₹1,069₹982₹902
8 May 2026₹1,116₹1,001₹911
15 May 2026₹1,091₹1,019₹921
22 May 2026₹1,114₹1,039₹931
29 May 2026₹1,160₹1,055₹939
4 Jun 2026₹1,159₹1,068₹947
5 Jun 2026₹1,186₹1,073₹950
9 Jun 2026₹1,230₹1,084₹955
10 Jun 2026₹1,188₹1,088₹957
12 Jun 2026₹1,218₹1,096₹962
17 Jun 2026₹1,214₹1,109₹969
19 Jun 2026₹1,216₹1,117₹974
24 Jun 2026₹1,205₹1,127₹981
25 Jun 2026₹1,221₹1,131₹983
1 Jul 2026₹1,244₹1,144₹991
3 Jul 2026₹1,257₹1,152₹996
10 Jul 2026₹1,265₹1,166₹1,007
17 Jul 2026₹1,272₹1,186₹1,020
24 Jul 2026₹1,233₹1,199₹1,032
31 Jul 2026₹1,315₹1,219₹1,046
7 Aug 2026₹1,365₹1,247₹1,062
14 Aug 2026₹1,450₹1,283₹1,080
21 Aug 2026₹1,457₹1,312₹1,098
28 Aug 2026₹1,485₹1,340₹1,116
4 Sep 2026₹1,584₹1,378₹1,137
11 Sep 2026₹1,585₹1,421₹1,160
18 Sep 2026₹1,601₹1,441₹1,176
25 Sep 2026₹1,592₹1,470₹1,197
28 Sep 2026₹1,581₹1,474₹1,200
1 Oct 2026₹1,541₹1,482₹1,211
9 Oct 2026₹1,488₹1,490₹1,226
16 Oct 2026₹1,389₹1,478₹1,236
23 Oct 2026₹1,395₹1,466₹1,242
30 Oct 2026₹1,558₹1,472₹1,254
3 Nov 2026₹1,558₹1,472₹1,254
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 2-year window.

Price stage: Falling from Dec 2024 to Jun 2025; Sideways from Jun 2025 to Jul 2025; Rising from Jul 2025 to Oct 2026.

Week by week since 2024: did it beat the NIFTY 500 over the past 13 weeks?

Ahead in 77 of 93 weeks

Week by week since 2024: did it beat the NIFTY 500 over the past 13 weeks?
Week13-week return vs NIFTY 500
20 Dec 2024no NIFTY 500 reading
27 Dec 2024no NIFTY 500 reading
3 Jan 2025no NIFTY 500 reading
10 Jan 2025no NIFTY 500 reading
17 Jan 2025no NIFTY 500 reading
24 Jan 2025no NIFTY 500 reading
1 Feb 2025no NIFTY 500 reading
7 Feb 2025no NIFTY 500 reading
14 Feb 2025no NIFTY 500 reading
21 Feb 2025no NIFTY 500 reading
28 Feb 2025no NIFTY 500 reading
7 Mar 2025no NIFTY 500 reading
13 Mar 2025no NIFTY 500 reading
21 Mar 2025+8.3%
28 Mar 2025+10.3%
4 Apr 2025+0.4%
11 Apr 2025−6.3%
17 Apr 2025−3.2%
25 Apr 2025−1.7%
2 May 2025+8.0%
9 May 2025−13.7%
16 May 2025+3.7%
23 May 2025−9.7%
30 May 2025−2.9%
6 Jun 2025−7.5%
13 Jun 2025+0.1%
20 Jun 2025−4.2%
27 Jun 2025−10.3%
4 Jul 2025−5.2%
11 Jul 2025+7.2%
18 Jul 2025+7.6%
25 Jul 2025+17.4%
1 Aug 2025+7.3%
8 Aug 2025+16.6%
14 Aug 2025+16.4%
22 Aug 2025+28.8%
29 Aug 2025+8.7%
5 Sep 2025+17.8%
12 Sep 2025+11.1%
19 Sep 2025+19.9%
26 Sep 2025+14.9%
3 Oct 2025+13.2%
10 Oct 2025+10.5%
17 Oct 2025+5.5%
24 Oct 2025+2.8%
31 Oct 2025+12.1%
7 Nov 2025+0.7%
14 Nov 2025−5.1%
21 Nov 2025−12.2%
28 Nov 2025+3.5%
5 Dec 2025+0.4%
12 Dec 2025+2.8%
19 Dec 2025−2.5%
26 Dec 2025+0.3%
2 Jan 2026+0.5%
9 Jan 2026+6.8%
16 Jan 2026+3.9%
23 Jan 2026−7.5%
1 Feb 2026−7.6%
6 Feb 2026−2.7%
13 Feb 2026+6.0%
20 Feb 2026+11.6%
27 Feb 2026+18.4%
6 Mar 2026+22.4%
13 Mar 2026+12.7%
20 Mar 2026+18.9%
27 Mar 2026+22.3%
2 Apr 2026+12.0%
10 Apr 2026+11.9%
17 Apr 2026+10.6%
24 Apr 2026+29.8%
30 Apr 2026+28.7%
8 May 2026+36.5%
15 May 2026+24.0%
22 May 2026+21.5%
29 May 2026+15.1%
4 Jun 2026+11.9%
5 Jun 2026+22.0%
9 Jun 2026+17.7%
10 Jun 2026+12.6%
12 Jun 2026+24.8%
17 Jun 2026+19.0%
19 Jun 2026+24.6%
24 Jun 2026+16.5%
25 Jun 2026+14.3%
1 Jul 2026+8.1%
3 Jul 2026+11.8%
10 Jul 2026+10.5%
17 Jul 2026+6.7%
24 Jul 2026+4.4%
31 Jul 2026+6.4%
7 Aug 2026+6.1%
14 Aug 2026+17.6%
21 Aug 2026+15.5%
28 Aug 2026+20.7%
4 Sep 2026+29.8%
11 Sep 2026+32.6%
18 Sep 2026+32.2%
25 Sep 2026+31.0%
28 Sep 2026+32.0%
1 Oct 2026+28.2%
9 Oct 2026+23.3%
16 Oct 2026+15.5%
23 Oct 2026+14.8%
30 Oct 2026+21.7%
3 Nov 2026+14.7%
Each bar is one week, from 2024 to now (93 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 1 year the share price moved +121% while the NIFTY 500 moved −2%, so it is ahead of the index over that whole period. 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 changed at Sai Life Sciences this quarter?

Three changes stood out: promoters cut their stake for 7 quarters in a row, revenue up on a year earlier for 7 quarters in a row (every quarter we can compare) and profit up on a year earlier for 7 quarters in a row (every quarter we can compare).

  1. Promoters cut their stake for 7 quarters in a row

    From 35.2% to 34.5% of the company by the September 2026 quarter.

  2. Revenue up on a year earlier for 7 quarters in a row (every quarter we can compare)

    In the June 2026 quarter revenue was ₹554 crore, +11.7% on a year earlier.

    Why: Revenue rose because both parts of the business grew, and the discovery capacity filled up quickly.

    Next results: check whether shipment timing and new capacity make the second half stronger than the first.

    From the earnings call on 7 Aug 2026.

  3. Profit up on a year earlier for 7 quarters in a row (every quarter we can compare)

    In the June 2026 quarter profit was ₹73 crore, +21.7% on a year earlier.

What are Sai Life Sciences' latest quarterly results?

For April to June 2026 (the quarter ended 30 June 2026), Sai Life Sciences reported revenue of ₹554 crore, up 11.7% from ₹496 crore a year earlier, and a profit of ₹73.0 crore, up 21.7% from ₹60.0 crore.

Sai Life Sciences results: April to June 2026 against a year earlier

Sai Life Sciences results: April to June 2026 against a year earlier
MeasureApril to June 2026April to June 2025Change
Revenue₹554 crore₹496 crore+11.7%
Profit₹73.0 crore₹60.0 crore+21.7%
Earnings per share₹3.45₹2.90+19.0%
Operating margin27.0%24.0%+3.0 points

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Sai Life Sciences' management discussed these results on a call held on 7 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

What is the Sai Life Sciences share price history?

Sai Life Sciences closed at ₹1,558.20 on 3 November 2026, up 69.7% from ₹918.20 a year earlier (31 October 2025). Its highest weekly close since December 2024 was ₹1,600.50 on 18 September 2026.

Sai Life Sciences share price: then and now

Sai Life Sciences share price: then and now
WhenCloseChange to 3 Nov 2026
1 week ago · 23 Oct 2026₹1,395.30+11.7%
1 month ago · 1 Oct 2026₹1,541.20+1.1%
6 months ago · 30 Apr 2026₹1,069.45+45.7%
1 year ago · 31 Oct 2025₹918.20+69.7%
Earliest weekly close in our records · 20 Dec 2024₹703.65+121.4%
Highest weekly close since December 2024, also the 52-week high · 18 Sep 2026₹1,600.50−2.6%
Lowest weekly close since December 2024 · 1 Feb 2025₹655.40+137.7%
52-week low (weekly close) · 23 Jan 2026₹795.00+96.0%

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

106 weekly closes from 20 December 2024 to 3 November 2026.

What is the latest news on Sai Life Sciences?

3 Nov 2026: Sai Life Sciences closed at ₹1,558.20, up 11.7% on the week and up 1.1% on the month. 7 Aug 2026: Sai Life Sciences held its results call for April to June 2026. Management guided: Revenue growth of 15-20% over 3-5 years.

Earlier

  • Results for April to June 2026: Revenue up 11.7% and profit up 21.7% on a year earlier.

What dividend does Sai Life Sciences pay?

Sai Life Sciences has paid no dividend on the NSE since its first NSE close in our records (20 December 2024), the start of the period we checked.

Not in its latest year. Sai Life Sciences Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 2 of its last 8 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 4 November 2026.

What did Sai Life Sciences management say on the latest results call?

On the call for April to June 2026, held on 7 August 2026, Sai Life Sciences' management guided: Revenue growth of 15-20% over 3-5 years.

“We believe the biggest long-term opportunity is to continue building a fully integrated delivery engine, from discovery through commercial manufacturing.”Krishna Kanumuri, MD & CEO, on the call for April to June 2026

What management guided

  • Operating profit range of 28-30% sustained over the longer term.
  • FY27 capital spending ₹1,100-1,300 crore remains unchanged.
  • H2 FY27 stronger than H1; total manufacturing capacity planned at 1,150 KL by FY27, with the 450 KL Bidar expansion first block in H2/Q3 and second by FY27-end.
  • At least two large pharma customers planned for integrated services this year; another FTE engagement expected to close by end-Q2 and start in Q3; two further Phase 3 milestones expected this year and another in July to September 2027.

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 April to June 2026, 7 August 2026.

What is the future of Sai Life Sciences? What is changing in the business?

What is changing at Sai Life Sciences, from the latest results and calls: integrated customer programmes, bidar capacity commissioning and discovery capacity and cro conversion.

  • Integrated customer programmes. Integrated services and FTE relationships can move work from discovery into development and commercial manufacturing. ⚠ estimate
  • Bidar capacity commissioning. The first manufacturing block is expected in H2 FY27 and the second is planned by FY27-end; this is the near-term test of capacity-led revenue delivery. ⚠ estimate
  • Discovery capacity and CRO conversion. New discovery capacity was reported fully booked, supporting customer expansion into integrated CRO work. ⚠ estimate
  • Late-stage and commercial pipeline. The disclosed CMC pipeline and regulatory milestones provide a route to future commercial manufacturing work. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 22 August 2026.

What could change the Sai Life Sciences story? What are the risks?

The thesis breaks if the first Bidar block misses its stated H2 FY27 commissioning window and H2 revenue does not improve despite the added capacity.

Each change stops working if

  • Integrated customer programmes: Customers retain discovery work but shift development or commercial work to other suppliers.
  • Bidar capacity commissioning: Commissioning slips beyond the stated FY27 windows or capacity opens without customer utilization.
  • Discovery capacity and CRO conversion: Discovery demand normalizes before integrated programmes enter later development stages.
  • Late-stage and commercial pipeline: Late-stage regulatory milestones slip or customers do not award commercial supply.

The main risks

  • Capacity execution and return dilution: A large spending programme can depress cash generation and asset turns before revenue catches up. ✓ fact
  • Margin normalization: April to June 2026 operating margin was below the preceding quarter and management guides a sustained band rather than further expansion. ⚠ estimate
  • Customer concentration: The prior call comparison recorded higher top-customer concentration, creating exposure to programme timing at a small set of customers. ✓ fact

Our read after the latest results, written 22 August 2026.

What to watch in Sai Life Sciences' next results?

When Sai Life Sciences reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Bidar production-block commissioning - check schedule slippage and early utilisation when the new capacity comes online.

Sai Life Sciences: what to watch next quarter
What to check (from the call)
Bidar production-block commissioning - check schedule slippage and early utilisation when the new capacity comes online.
H2 delivery cadence - check whether shipment timing and capacity availability produce the stronger second-half outcome described on the call.
FTE conversion and regulatory progress - check additional integrated programs and milestones across the disclosed late-stage pipeline.
Peptide, ADC and formulation readiness - check commissioning and first customer-validation activity across the new platforms.

Which stock lists is Sai Life Sciences on?

Sai Life Sciences is on 3 of our India lists: Momentum stocks, Small & mid cap stocks and Pharma stocks.

Is Sai Life Sciences profitable?

Sai Life Sciences Ltd earned ₹73.0 Cr of net profit in the Jun 2026 quarter, +21.7% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹349 Cr. Over 7 years profit has grown 25.0% a year on average. That is 13.2% 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 ₹60.0 Cr. 1 of the last 11 reported quarters were loss-making.

For the full year, FY26 profit was ₹349 Cr (+105.3% on the year before).

FY26 profit ₹349 Cr (+105.3% on the year before), 25.0% a year over 7 years

  • Net profit ₹349
FY26 profit ₹349 Cr (+105.3% on the year before), 25.0% a year over 7 years
QuarterNet profit
FY19₹73
FY20₹76
FY21₹61
FY22₹6
FY23₹10
FY24₹83
FY25₹170
FY26₹349

Growth on a year earlier

  • Growth on a year earlier 105.3%
Growth on a year earlier
QuarterGrowth on a year earlier
FY19–
FY204.1%
FY21−19.7%
FY22−90.2%
FY2366.7%
FY24730%
FY25104.8%
FY26105.3%
Top: net profit each year, ₹ Cr. Below: growth on the year before, %. 8-year window. A grey bar is lower than the year before.

Jun 2026: ₹73.0 Cr (+21.7% on a year earlier), the 4th quarter in a row of growth

  • Net profit (quarterly) ₹73.0
Jun 2026: ₹73.0 Cr (+21.7% on a year earlier), the 4th quarter in a row of growth
QuarterNet profit (quarterly)
Dec 2023₹40
Mar 2024₹56
Jun 2024−₹14
Sep 2024₹42
Dec 2024₹54
Mar 2025₹88
Jun 2025₹60
Sep 2025₹84
Dec 2025₹100
Mar 2026₹104
Jun 2026₹73

Growth on a year earlier

  • Growth on a year earlier 21.7%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 202435%
Mar 202557.1%
Jun 2025–
Sep 2025100%
Dec 202585.2%
Mar 202618.2%
Jun 202621.7%
Top: net profit each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +11.7% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +56.3% and revenue +19.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

How much revenue does Sai Life Sciences make, and is it growing?

Sai Life Sciences Ltd reported ₹554 Cr of revenue in the Jun 2026 quarter, +11.7% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 7 years it has grown 17.8% a year on average. The last full year, FY26, came in at ₹2,192 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The capex inflection point can extend growth once capacity is commissioned and utilized. The May timetable placed the remaining 225 KL in FY28, whereas the August call goals the second block by FY27-end. The current schedule must therefore be treated as a monitored trigger rather than delivered capacity.

The last four reported quarters add to ₹2,249 Cr.

FY26 revenue was ₹2,192 Cr, +29.3% on the year before.

FY26 revenue ₹2,192 Cr (+29.3% on the year before), 17.8% a year over 7 years

  • Revenue ₹2,192
FY26 revenue ₹2,192 Cr (+29.3% on the year before), 17.8% a year over 7 years
QuarterRevenue
FY19₹695
FY20₹726
FY21₹760
FY22₹870
FY23₹1,217
FY24₹1,465
FY25₹1,695
FY26₹2,192

Growth on a year earlier

  • Growth on a year earlier 29.3%
Growth on a year earlier
QuarterGrowth on a year earlier
FY19–
FY204.5%
FY214.7%
FY2214.5%
FY2339.9%
FY2420.4%
FY2515.7%
FY2629.3%
Top: revenue each year, ₹ Cr. Below: growth on the year before, %. 8-year window. A grey bar is lower than the year before.

Jun 2026: ₹554 Cr (+11.7% on a year earlier), the 7th quarter in a row of growth

  • Revenue (quarterly) ₹554
Jun 2026: ₹554 Cr (+11.7% on a year earlier), the 7th quarter in a row of growth
QuarterRevenue (quarterly)
Dec 2023₹384
Mar 2024₹439
Jun 2024₹280
Sep 2024₹396
Dec 2024₹440
Mar 2025₹580
Jun 2025₹496
Sep 2025₹537
Dec 2025₹556
Mar 2026₹602
Jun 2026₹554

Growth on a year earlier

  • Growth on a year earlier 11.7%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 202414.6%
Mar 202532.1%
Jun 202577.1%
Sep 202535.6%
Dec 202526.4%
Mar 20263.8%
Jun 202611.7%
Top: revenue each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +19.4% on average, against 17.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Watch next

Metric
Bidar capacity commissioning
Threshold
Commissioning slips beyond the stated FY27 windows or capacity opens without customer utilization.
Which result
the next result

How much of every ₹100 of sales does Sai Life Sciences keep?

Sai Life Sciences Ltd's operating margin was 27.0% in the Jun 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 8 years it has been between 14.0% and 29.0%. The latest quarter is within that range.

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 this happened. Management says integrated services cover many customers and cites a customer relationship that expanded into an end-to-end programme. This is the value-chain climb: revenue durability improves only if those programmes convert through later stages.

Why the margin moved: operating margin changed +2.3 percentage points on the year while gross margin changed +2.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

FY26: 29.0%, the highest in a range of 14.0% to 29.0% over 8 years

  • Operating margin 29.0%
FY26: 29.0%, the highest in a range of 14.0% to 29.0% over 8 years
QuarterOperating margin
FY1925%
FY2023%
FY2122%
FY2215%
FY2314%
FY2420%
FY2524%
FY2629%

Change on the year before (points)

  • Change on the year before (points) +5.0 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY19–
FY20−2.0 pts
FY21−1.0 pts
FY22−7.0 pts
FY23−1.0 pts
FY24+6.0 pts
FY25+4.0 pts
FY26+5.0 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 8-year window.

Jun 2026: operating margin 27.0% (+3.0 points on a year earlier)

  • Operating margin 27.0%
Jun 2026: operating margin 27.0% (+3.0 points on a year earlier)
QuarterOperating margin
Dec 202325%
Mar 202428%
Jun 20249%
Sep 202426%
Dec 202427%
Mar 202527%
Jun 202524%
Sep 202527%
Dec 202534%
Mar 202629%
Jun 202627%

Change on a year earlier (points)

  • Change on a year earlier (points) +3.0 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024+2.0 pts
Mar 2025−1.0 pts
Jun 2025+15.0 pts
Sep 2025+1.0 pts
Dec 2025+7.0 pts
Mar 2026+2.0 pts
Jun 2026+3.0 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Watch next

Metric
Integrated customer programmes
Threshold
Customers retain discovery work but shift development or commercial work to other suppliers.
Which result
the next result

Is Sai Life Sciences' profit turning into cash?

Over the last 3 years, 180% of Sai Life Sciences Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹509 Cr of operating cash against ₹349 Cr of profit.

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.

After ₹640 Cr of spending on assets, free cash was −₹131 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash ₹509 Cr against profit ₹349 Cr; 180% of 3 years' profit came in as cash

  • Operating cash ₹509
  • Net profit ₹349
  • Free cash −₹131
FY26: operating cash ₹509 Cr against profit ₹349 Cr; 180% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY19₹129₹73–
FY20₹116₹76−₹182
FY21−₹36₹61–
FY22₹105₹6−₹199
FY23₹219₹10₹93
FY24₹263₹83₹45
FY25₹314₹170−₹150
FY26₹509₹349−₹131
Operating cash flow and net profit each year, ₹ Cr. The line is free cash flow: operating cash minus spending on assets. 8-year window, yearly figures. FY21 was an acquisition year, so its point is cut off at the edge.

FY26: operating cash was 146% of profit (180% over three years)

  • Operating cash as % of profit 146%
  • Break-even line 100%
FY26: operating cash was 146% of profit (180% over three years)
QuarterOperating cash as % of profitBreak-even line
FY19177%100%
FY20153%100%
FY21−59%100%
FY22300%100%
FY23300%100%
FY24300%100%
FY25185%100%
FY26146%100%
Operating cash as a share of net profit, each year, % (line). The flat line marks 100%, meaning all of the profit came in as cash; unusual years are drawn at the edge.

Why 180% of profit came in as cash: the cash cycle got 20 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 3.1× depreciation over three years. The next section checks what that spending is building.

Where does Sai Life Sciences' cash go?

Sai Life Sciences Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −24 days in FY26, down from −4 days in FY21. It spent ₹1,322 Cr on assets over the last 3 years. Customers take 62 days to pay, and stock sits for 97 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 ₹2,192 Cr, each day of that cycle ties up about ₹6.0 Cr, so roughly −₹144 Cr is tied up in the business at any time.

FY26: customers took 62 days to pay and stock sat for 97 days, about 3.2 months of sales sitting as stock, for a full cycle of −24 days, shorter than FY21's −4.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 97 days. Customers pay about 62 days after that. Suppliers are paid at 182 days. Together that makes the −24-day cycle.

FY26: a −24-day cash cycle, −20 days compared with FY21

  • Cash cycle −24d
  • Inventory days 97d
  • Debtor days 62d
  • Payable days 182d
FY26: a −24-day cash cycle, −20 days compared with FY21
QuarterCash cycleInventory daysDebtor daysPayable days
FY191d86d123d207d
FY20−43d79d136d258d
FY21−4d127d99d230d
FY222d179d102d279d
FY2325d121d85d180d
FY2422d72d64d113d
FY25−83d93d76d253d
FY26−24d97d62d182d
Debtor days, inventory days, payable days and the full cash cycle, each year. 8-year window.

Spending on assets: ₹1,322 Cr over the last 3 years, against ₹425 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 ₹270 Cr (FY26): assets paid for that are not earning yet.

FY26: capex ₹640 Cr, work in progress ₹270 Cr, a build-out

  • Capex ₹640
  • Work-in-progress ₹270
FY26: capex ₹640 Cr, work in progress ₹270 Cr, a build-out
QuarterCapexWork-in-progress
FY20₹298₹91
FY21₹295₹246
FY22₹304₹410
FY23₹126₹151
FY24₹218₹107
FY25₹464₹124
FY26₹640₹270
Capital spending each year, ₹ Cr, with work in progress, ₹ Cr, as the line. Quarterly capital-spending figures are not available for India, so this is yearly.

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 Sai Life Sciences' P/E ratio, and how does it compare with its own history?

Sai Life Sciences Ltd's P/E is 90.0×, near the high end of its own history: higher than 78% of past readings. Its usual P/E (the middle reading) is 67.7×, over 1 year 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 Jun 2026 add up to ₹17.12.

P/E 90.0× against a usual 67.7×: near the high end of its own history: higher than 78% of past readings

  • P/E 90.0×
  • Median 67.7×
P/E 90.0× against a usual 67.7×: near the high end of its own history: higher than 78% of past readings
WeekP/EMedian
20 Dec 2024176.8×67.7×
27 Dec 2024180.0×67.7×
3 Jan 2025180.0×67.7×
10 Jan 2025180.0×67.7×
17 Jan 2025180.0×67.7×
24 Jan 2025169.4×67.7×
1 Feb 2025164.6×67.7×
7 Feb 2025113.1×67.7×
14 Feb 202599.8×67.7×
21 Feb 2025106.4×67.7×
28 Feb 2025104.0×67.7×
7 Mar 2025103.2×67.7×
13 Mar 2025105.6×67.7×
21 Mar 2025109.7×67.7×
28 Mar 2025114.9×67.7×
4 Apr 2025108.3×67.7×
11 Apr 2025101.1×67.7×
17 Apr 2025109.0×67.7×
25 Apr 2025103.9×67.7×
2 May 2025108.2×67.7×
9 May 2025106.5×67.7×
16 May 202592.0×67.7×
23 May 202588.1×67.7×
30 May 202592.8×67.7×
6 Jun 202590.3×67.7×
13 Jun 202594.4×67.7×
20 Jun 202593.8×67.7×
27 Jun 202593.7×67.7×
4 Jul 202597.2×67.7×
11 Jul 202595.9×67.7×
18 Jul 202599.9×67.7×
25 Jul 2025102.9×67.7×
1 Aug 202596.7×67.7×
8 Aug 202570.8×67.7×
14 Aug 202576.0×67.7×
22 Aug 202579.2×67.7×
29 Aug 202570.7×67.7×
5 Sep 202573.8×67.7×
12 Sep 202574.9×67.7×
19 Sep 202578.5×67.7×
26 Sep 202573.8×67.7×
3 Oct 202575.9×67.7×
10 Oct 202574.0×67.7×
17 Oct 202575.0×67.7×
24 Oct 202577.0×67.7×
31 Oct 202579.0×67.7×
7 Nov 202564.2×67.7×
10 Nov 202566.1×67.7×
11 Nov 202565.4×67.7×
12 Nov 202564.9×67.7×
13 Nov 202563.5×67.7×
14 Nov 202564.0×67.7×
17 Nov 202564.1×67.7×
18 Nov 202562.9×67.7×
19 Nov 202563.0×67.7×
20 Nov 202563.7×67.7×
21 Nov 202563.2×67.7×
24 Nov 202564.4×67.7×
25 Nov 202563.8×67.7×
26 Nov 202564.1×67.7×
27 Nov 202563.9×67.7×
28 Nov 202564.9×67.7×
1 Dec 202563.8×67.7×
2 Dec 202564.0×67.7×
3 Dec 202563.5×67.7×
4 Dec 202563.2×67.7×
5 Dec 202564.3×67.7×
8 Dec 202562.7×67.7×
9 Dec 202564.2×67.7×
10 Dec 202564.6×67.7×
11 Dec 202565.9×67.7×
12 Dec 202566.0×67.7×
15 Dec 202566.3×67.7×
16 Dec 202565.5×67.7×
17 Dec 202564.2×67.7×
18 Dec 202563.9×67.7×
19 Dec 202567.7×67.7×
22 Dec 202566.5×67.7×
23 Dec 202565.7×67.7×
24 Dec 202565.7×67.7×
26 Dec 202566.1×67.7×
29 Dec 202564.6×67.7×
30 Dec 202566.3×67.7×
31 Dec 202566.2×67.7×
1 Jan 202665.6×67.7×
2 Jan 202668.0×67.7×
5 Jan 202669.6×67.7×
6 Jan 202671.1×67.7×
7 Jan 202670.5×67.7×
8 Jan 202669.9×67.7×
9 Jan 202668.1×67.7×
12 Jan 202665.1×67.7×
13 Jan 202666.0×67.7×
14 Jan 202666.0×67.7×
16 Jan 202664.3×67.7×
19 Jan 202662.1×67.7×
20 Jan 202659.9×67.7×
21 Jan 202658.9×67.7×
22 Jan 202660.2×67.7×
23 Jan 202658.6×67.7×
27 Jan 202659.8×67.7×
28 Jan 202661.8×67.7×
29 Jan 202660.3×67.7×
30 Jan 202660.9×67.7×
1 Feb 202661.9×67.7×
2 Feb 202661.2×67.7×
3 Feb 202664.1×67.7×
4 Feb 202659.0×67.7×
6 Feb 202653.0×67.7×
9 Feb 202655.2×67.7×
10 Feb 202656.7×67.7×
11 Feb 202658.6×67.7×
12 Feb 202657.5×67.7×
13 Feb 202657.1×67.7×
16 Feb 202656.9×67.7×
17 Feb 202657.6×67.7×
18 Feb 202658.2×67.7×
19 Feb 202657.9×67.7×
20 Feb 202658.7×67.7×
23 Feb 202659.8×67.7×
24 Feb 202658.3×67.7×
25 Feb 202657.1×67.7×
26 Feb 202659.6×67.7×
27 Feb 202662.3×67.7×
6 Mar 202664.8×67.7×
13 Mar 202659.5×67.7×
20 Mar 202662.4×67.7×
27 Mar 202661.6×67.7×
2 Apr 202659.9×67.7×
10 Apr 202662.4×67.7×
17 Apr 202660.6×67.7×
24 Apr 202664.1×67.7×
29 Apr 202665.6×67.7×
30 Apr 202666.9×67.7×
8 May 202669.7×67.7×
15 May 202665.2×67.7×
22 May 202666.6×67.7×
29 May 202669.3×67.7×
4 Jun 202669.2×67.7×
5 Jun 202670.9×67.7×
9 Jun 202673.4×67.7×
10 Jun 202670.9×67.7×
12 Jun 202672.8×67.7×
17 Jun 202672.4×67.7×
19 Jun 202672.7×67.7×
24 Jun 202671.9×67.7×
25 Jun 202673.0×67.7×
1 Jul 202674.2×67.7×
3 Jul 202675.2×67.7×
10 Jul 202675.7×67.7×
17 Jul 202676.1×67.7×
24 Jul 202673.8×67.7×
31 Jul 202678.7×67.7×
7 Aug 202678.8×67.7×
14 Aug 202683.7×67.7×
21 Aug 202684.1×67.7×
28 Aug 202685.7×67.7×
4 Sep 202691.5×67.7×
11 Sep 202691.5×67.7×
18 Sep 202692.5×67.7×
25 Sep 202692.0×67.7×
28 Sep 202690.8×67.7×
1 Oct 202689.0×67.7×
9 Oct 202686.0×67.7×
16 Oct 202680.3×67.7×
23 Oct 202680.6×67.7×
30 Oct 202690.0×67.7×

Earnings per share, 12 months

  • Earnings per share, 12 months ₹17
Earnings per share, 12 months
WeekEarnings per share, 12 months
20 Dec 2024–
27 Dec 2024₹4
3 Jan 2025₹4
10 Jan 2025₹4
17 Jan 2025₹4
24 Jan 2025₹4
1 Feb 2025₹4
7 Feb 2025₹4
14 Feb 2025₹4
21 Feb 2025₹4
28 Feb 2025₹4
7 Mar 2025₹4
13 Mar 2025₹4
21 Mar 2025₹4
28 Mar 2025₹7
4 Apr 2025₹7
11 Apr 2025₹7
17 Apr 2025₹7
25 Apr 2025₹7
2 May 2025₹7
9 May 2025₹7
16 May 2025₹7
23 May 2025₹7
30 May 2025₹7
6 Jun 2025₹7
13 Jun 2025₹7
20 Jun 2025₹7
27 Jun 2025₹8
4 Jul 2025₹8
11 Jul 2025₹8
18 Jul 2025₹8
25 Jul 2025₹8
1 Aug 2025₹8
8 Aug 2025₹8
14 Aug 2025₹8
22 Aug 2025₹8
29 Aug 2025₹8
5 Sep 2025₹8
12 Sep 2025₹8
19 Sep 2025₹8
26 Sep 2025₹12
3 Oct 2025₹12
10 Oct 2025₹12
17 Oct 2025₹12
24 Oct 2025₹12
31 Oct 2025₹12
7 Nov 2025₹12
10 Nov 2025₹12
11 Nov 2025₹12
12 Nov 2025₹12
13 Nov 2025₹12
14 Nov 2025₹12
17 Nov 2025₹12
18 Nov 2025₹12
19 Nov 2025₹12
20 Nov 2025₹12
21 Nov 2025₹12
24 Nov 2025₹12
25 Nov 2025₹12
26 Nov 2025₹12
27 Nov 2025₹12
28 Nov 2025₹12
1 Dec 2025₹12
2 Dec 2025₹12
3 Dec 2025₹12
4 Dec 2025₹12
5 Dec 2025₹12
8 Dec 2025₹12
9 Dec 2025₹12
10 Dec 2025₹12
11 Dec 2025₹12
12 Dec 2025₹12
15 Dec 2025₹12
16 Dec 2025₹12
17 Dec 2025₹12
18 Dec 2025₹12
19 Dec 2025₹12
22 Dec 2025₹12
23 Dec 2025₹12
24 Dec 2025₹12
26 Dec 2025₹12
29 Dec 2025₹12
30 Dec 2025₹12
31 Dec 2025₹14
1 Jan 2026₹14
2 Jan 2026₹14
5 Jan 2026₹14
6 Jan 2026₹14
7 Jan 2026₹14
8 Jan 2026₹14
9 Jan 2026₹14
12 Jan 2026₹14
13 Jan 2026₹14
14 Jan 2026₹14
16 Jan 2026₹14
19 Jan 2026₹14
20 Jan 2026₹14
21 Jan 2026₹14
22 Jan 2026₹14
23 Jan 2026₹14
27 Jan 2026₹14
28 Jan 2026₹14
29 Jan 2026₹14
30 Jan 2026₹14
1 Feb 2026₹14
2 Feb 2026₹14
3 Feb 2026₹14
4 Feb 2026₹14
6 Feb 2026₹14
9 Feb 2026₹14
10 Feb 2026₹14
11 Feb 2026₹14
12 Feb 2026₹14
13 Feb 2026₹14
16 Feb 2026₹14
17 Feb 2026₹14
18 Feb 2026₹14
19 Feb 2026₹14
20 Feb 2026₹14
23 Feb 2026₹14
24 Feb 2026₹14
25 Feb 2026₹14
26 Feb 2026₹14
27 Feb 2026₹14
6 Mar 2026₹14
13 Mar 2026₹14
20 Mar 2026₹14
27 Mar 2026₹16
2 Apr 2026₹16
10 Apr 2026₹16
17 Apr 2026₹16
24 Apr 2026₹16
29 Apr 2026₹16
30 Apr 2026₹16
8 May 2026₹16
15 May 2026₹16
22 May 2026₹16
29 May 2026₹16
4 Jun 2026₹16
5 Jun 2026₹16
9 Jun 2026₹16
10 Jun 2026₹16
12 Jun 2026₹16
17 Jun 2026₹16
19 Jun 2026₹16
24 Jun 2026₹16
25 Jun 2026₹17
1 Jul 2026₹17
3 Jul 2026₹17
10 Jul 2026₹17
17 Jul 2026₹17
24 Jul 2026₹17
31 Jul 2026₹17
7 Aug 2026₹17
14 Aug 2026₹17
21 Aug 2026₹17
28 Aug 2026₹17
4 Sep 2026₹17
11 Sep 2026₹17
18 Sep 2026₹17
25 Sep 2026₹17
28 Sep 2026₹17
1 Oct 2026₹17
9 Oct 2026₹17
16 Oct 2026₹17
23 Oct 2026₹17
30 Oct 2026₹17
Top: P/E each week. Below: earnings per share, trailing twelve months, leaving out one-off items, a step line that moves once a quarter; 1 year of history; short peaks above 180× are drawn at the top edge.

PEG 2.53: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 2.53×
  • PEG = 1.0 1.00×
PEG 2.53: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Q4 FY251.91×1.00×
Q1 FY262.43×1.00×
Q2 FY261.86×1.00×
Q3 FY261.29×1.00×
Q4 FY261.08×1.00×
Q1 FY272.53×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 6 quarters.
90.0×P/E · higher than 78% of its last 1 year
3.20PEG · today, as reported

Why the multiple is where it is: over the past year earnings per share moved +102.0% while the price moved +69.7%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Is the Sai Life Sciences business getting better or worse?

Sai Life Sciences Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 1 measure, with some gaps.

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 +29.3% in FY26, profit +105.3%

  • Revenue growth 29.3%
Growth year by year: revenue +29.3% in FY26, profit +105.3%
QuarterRevenue growth
FY19–
FY204.5%
FY214.7%
FY2214.5%
FY2339.9%
FY2420.4%
FY2515.7%
FY2629.3%

Profit growth, EPS growth

  • Profit growth 105.3%
  • EPS growth 102%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY19––
FY204.1%–
FY21−19.7%–
FY22−90.2%–
FY2366.7%–
FY24300%–
FY25104.8%–
FY26105.3%102%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn. Turnaround-year jumps are drawn at the edge (▲).

Three growth lines over twelve quarters

  • Revenue 11.7%
Three growth lines over twelve quarters
QuarterRevenue
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 202414.6%
Mar 202532.1%
Jun 202577.1%
Sep 202535.6%
Dec 202526.4%
Mar 20263.8%
Jun 202611.7%

Profit

  • Profit 21.7%
Profit
QuarterProfit
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 202435%
Mar 202557.1%
Jun 2025–
Sep 2025100%
Dec 202585.2%
Mar 202618.2%
Jun 202621.7%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. Where the 12-month history is short, the line uses single-quarter growth instead, which is noisier; extreme jumps from a tiny base are evened out before reading. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 19.8%
ROCE: the return line, worked out each quarter
QuarterROCE
Dec 2023–
Mar 2024–
Jun 2024–
Sep 202415.5%
Dec 202416.6%
Mar 202515.3%
Jun 202519.9%
Sep 202521%
Dec 202523.3%
Mar 202619.3%
Jun 202619.8%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highROCE · latest 19.8%, range 15.3% to 23.3%

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

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.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+29.3%+21.7%+23.6%—
Profit+105.3%+226.8%+41.7%—
EPS+102.0%———
Share price+69.7%———
+11.7%Revenue growth (Jun 2026) · latest quarter against a year ago
+21.7%Profit growth (Jun 2026) · latest quarter against a year ago
17.8%Revenue, 7 years · yearly growth over the long run

What is the Sai Life Sciences story, and has it been checked?

Sai Life Sciences Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: PEAK. Still open: The thesis breaks if the first Bidar block misses its stated H2 FY27 commissioning window and H2 revenue does not improve despite the added capacity.

NOT YET CHECKED

From the numbers. The normalized-margin…

From the price. Price stage 2, week 70, above its 200-day line, relative strength falling.

What is not proven yet. The thesis breaks if the first Bidar block misses its stated H2 FY27 commissioning window and H2 revenue does not improve despite the added capacity.

What would change our mind. The thesis breaks if the first Bidar block misses its stated H2 FY27 commissioning window and H2 revenue does not improve despite the added capacity.

The test written in advance. The thesis breaks if the first Bidar block misses its stated H2 FY27 commissioning window and H2 revenue does not improve despite the added capacity. Measured by: the thesis as written as stated by the next result.

The test written in advance. Capacity execution and return dilution. Measured by: Capacity execution and return dilution Bidar blocks commissioned within the stated FY27 windows and capacity utilization disclosure by the next result.

What the company does. Q1 FY27 revenue and PAT rose year on year while operating margin fell from the preceding quarter, showing growth without a fresh margin step-up.

The key numbers to watch, and the level that would change the picture

The key numbers to watch, and the level that would change the picture
MeasureNowWhy it mattersWhat to watch
Integrated customer programmesHIGHIntegrated services and FTE relationships can move work from discovery into development and commercial manufacturing.Customers retain discovery work but shift development or commercial work to other suppliers.
Bidar capacity commissioningHIGHThe first manufacturing block is expected in H2 FY27 and the second is planned by FY27-end; this is the near-term test of…Commissioning slips beyond the stated FY27 windows or capacity opens without customer utilization.
Discovery capacity and CRO conversionMEDIUMNew discovery capacity was reported fully booked, supporting customer expansion into integrated CRO work.Discovery demand normalizes before integrated programmes enter later development stages.
Late-stage and commercial pipelineMEDIUM HIGHThe disclosed CMC pipeline and regulatory milestones provide a route to future commercial manufacturing work.Late-stage regulatory milestones slip or customers do not award commercial supply.
New-modality platform buildMEDIUMPeptide, ADC, and formulation capabilities broaden the platform but remain option value rather than a base-case revenue source.Customer validation is delayed or new-modality work remains confined to discovery.

Everything further down this page is evidence for or against these.

The numbersat a highFY26-Q2 to FY27-Q1
The pricerising, above the 200-day averageFY26-Q2 to FY27-Q1
The whymultiple below its usual level, earnings turning upFY26-Q2 to FY27-Q1

FY26-Q2FY27-Q1

What the surface reading misses. The surface reading is: A 26.7% operating margin looks close to normalized profitability. The research reads it further: The normalized margin is only modestly above current margin, while normalized non-operating and earnings adjustments lower EPS.

  • 1 · Operating leveragebuilding
  • 2 · Value-added mixbuilding
  • 3 · Management changequiet
  • 4 · Paying down debtquiet
  • 5 · Regulatory approvalquiet
  • 6 · Order-book winsbuilding
  • 7 · Consolidationquiet
  • 8 · Demerger or value unlockquiet
  • 9 · Buybackquiet
  • 10 · New geographiesquiet
  • 11 · More business from existing customersquiet
  • 12 · New product launchquiet
  • 13 · Mandatory normsquiet
  • 14 · A bigger market to servebuilding
  • 15 · Market-share gainsquiet
  • 16 · Asset qualityquiet

Lever 1 · Operating leverage: building. Integrated services and FTE relationships can move work from discovery into development and commercial manufacturing. What proves it keeps working: Integrated customer programmes. It stops working if Customers retain discovery work but shift development or commercial work to other suppliers.

Lever 6 · Order-book wins: building. The first manufacturing block is expected in H2 FY27 and the second is planned by FY27-end; this is the near-term test of capacity-led revenue delivery. What proves it keeps working: Bidar capacity commissioning. It stops working if Commissioning slips beyond the stated FY27 windows or capacity opens without customer utilization.

Lever 14 · A bigger market to serve: building. New discovery capacity was reported fully booked, supporting customer expansion into integrated CRO work. What proves it keeps working: Discovery capacity and CRO conversion. It stops working if Discovery demand normalizes before integrated programmes enter later development stages.

Lever 2 · Value-added mix: building. The disclosed CMC pipeline and regulatory milestones provide a route to future commercial manufacturing work. What proves it keeps working: Late-stage and commercial pipeline. It stops working if Late-stage regulatory milestones slip or customers do not award commercial supply.

Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

The whole page in one table. Each row links to its section.
SectionWhere it is nowThe one thing to watch next
Margin27%Integrated customer programmes
Revenue₹554 CrBidar capacity commissioning

Did Sai Life Sciences management deliver what it promised?

What Sai Life Sciences Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

Capacity Expansion Timeline Delayed · 15 May 2026. Both the Aug 2025 and Nov 2025 calls explicitly committed to completing the full 450 KL capacity addition, bringing total installed capacity to approximately 1,150 KL, by the second half of FY27 or by end of FY27 at the latest. The May 2026 call discloses that only 225 KL will come online in FY27 with the remaining 225 KL pushed to FY28, a one-year delay for half the planned new capacity that management did not specifically address or explain.

Customer Concentration Rose Sharply · 15 May 2026. The Aug 2025 call disclosed top 10 customer concentration at approximately 40% based on the most recent full year data, with management across prior calls framing diversification and management of concentration as a core risk priority. The May 2026 call reveals top 10 customer concentration jumped to 54% in FY26, a 14 percentage point increase in a single year, which is inconsistent with the diversification narrative and was presented without a specific explanation for the increase.

Strategic Pivot Disclosed as Product Failure · 6 February 2026. In the November 2025 call, management framed the Veterinary API facility as a proactive "strategic entry" and a "launch" to drive long-term growth. However, in the February 2026 call, management admitted this facility was actually a defensive pivot repurposing a unit built for a failed product. Earlier call (Nov 2025): “The launch of our dedicated Veterinary API facility marks our strategic entry into the animal health segment. we see this as just the beginning of a long-term growth opportunity”. Later call (Feb 2026): “To be very candid this is a unit we had actually built for another purpose but that product did not succeed. So we”.

Reversal on "One-Off" Expenses · 6 February 2026. Management explicitly characterized increased consulting costs in the November 2025 call as "one-offs" and a limited "three, four-month project." In the February 2026 call, they contradicted this by announcing new assignments and ensuring these costs would continue into the next financial year. Earlier call (Nov 2025): “We have incurred certain costs, which I would call one-offs because it is a consulting firm piece. This is a three, four-month project.” Later call (Feb 2026): “We are also working on another assignment to get AI enablement. this is an investment we will make as we start this current quarter and we head into the next financial year.”

Every quote above is taken word for word from the company’s own earnings calls.

How much does Sai Life Sciences earn on its capital?

Sai Life Sciences Ltd earned a ROCE of 20% in FY26. That is up from a low of 3% in FY22. Its return on capital used (ROIC) is 2.0 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 15.9% net margin and 0.61× 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 15.9% net margin × 0.61× asset turnover × 1.45× leverage (assets divided by equity) ≈ 14.1% 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: 14.0% − 12.0% = +2.0 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.

The 14.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 15.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

FY26: ROCE 20%, the climb back from FY22's 3%

  • ROCE 20%
  • ROIC (annual) 15%
  • Cost of capital 12%
FY26: ROCE 20%, the climb back from FY22's 3%
QuarterROCEROIC (annual)Cost of capital
FY2013%–12%
FY219%–12%
FY223%1.3%12%
FY236%2.5%12%
FY2411%7.8%12%
FY2514%10.6%12%
FY2620%15%12%
Return on capital employed each year, % (line); ROIC each year, % (line). 7-year window, low years included. The flat line is the 12.0% cost of capital used on this page.

Q4 FY26: ROCE 16.7% (last 12 months) against a 12.0% cost of capital

  • ROCE (12 months) 16.7%
  • ROIC (12 months) 15.1%
  • Cost of capital 12.0%
Q4 FY26: ROCE 16.7% (last 12 months) against a 12.0% cost of capital
QuarterROCE (12 months)ROIC (12 months)Cost of capital
Q4 FY2411.6%–12%
Q2 FY2513.9%–12%
Q3 FY25––12%
Q4 FY2511.1%–12%
Q1 FY26––12%
Q2 FY2615.6%–12%
Q3 FY26––12%
Q4 FY2616.7%15.5%12%
Q1 FY27–15.1%12%
ROCE and ROIC over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 9 quarters, lined up with the yearly figure.

Does Sai Life Sciences have too much debt?

Sai Life Sciences Ltd has total debt of ₹288 Cr against shareholder equity of ₹2,484 Cr as of Jun 2026, so its debt is 0.12× its equity, which is very little. Year by year, that ratio went from 0.95 in FY24 to 0.12 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 ₹288 Cr, 0.12× equity

  • Total debt ₹288
FY26: debt ₹288 Cr, 0.12× equity
QuarterTotal debt
FY24₹928
FY25₹352
FY26₹288

Debt-to-equity

  • Debt-to-equity 0.12×
Debt-to-equity
QuarterDebt-to-equity
FY240.95×
FY250.17×
FY260.12×
Top: total debt each year, ₹ Cr. Below: debt-to-equity, ×. 3-year window.

Jun 2026: debt ₹288 Cr, debt-to-equity 0.12

  • Total debt (quarterly) ₹288
Jun 2026: debt ₹288 Cr, debt-to-equity 0.12
QuarterTotal debt (quarterly)
Jun 2023₹933
Mar 2024₹928
Sep 2024₹995
Mar 2025₹352
Jun 2025₹352
Sep 2025₹418
Dec 2025₹418
Mar 2026₹288
Jun 2026₹288

Debt-to-equity

  • Debt-to-equity 0.12×
Debt-to-equity
QuarterDebt-to-equity
Jun 20231.05×
Mar 20240.95×
Sep 20240.95×
Mar 20250.17×
Jun 20250.17×
Sep 20250.18×
Dec 20250.18×
Mar 20260.12×
Jun 20260.12×
Top: total debt each quarter, ₹ Cr. Below: debt-to-equity, ×. Last 9 quarters. Indian companies report the full balance sheet every six months, so the quarter in between repeats the last reading.

What is the Sai Life Sciences shareholding pattern?

Domestic institutions raised their stake in Sai Life Sciences Ltd by 20.4 percentage points over 7 quarters, the biggest change among its owners. Domestic institutions now own 32.3% of the company. Foreign institutions moved +8.2 points over the same period, to 19.9%. 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: +20.4 points over 7 quarters, to 32.3%; Foreign institutions: +8.2 points over 7 quarters, to 19.9%; Promoters: −0.7 points over 7 quarters, to 34.5%.

Why the owners changed: domestic institutions drove it (+20.4 points), together with foreign institutions (+8.2 points). They raised their stake step by step.

Year ends: promoters −0.5 points from Mar 2025 to Mar 2026

  • Promoters 34.61%
  • Foreign inst. 21.17%
  • Domestic inst. 31.54%
  • Public 12.69%
Year ends: promoters −0.5 points from Mar 2025 to Mar 2026
QuarterPromotersForeign inst.Domestic inst.Public
Mar 202535.16%12.36%13.26%39.21%
Mar 202634.61%21.17%31.54%12.69%
Shareholding at each year end (March quarter), % of the company. 2 year ends on file.

Domestic institutions raised their stake by 20.4 points over 7 quarters

  • Promoters 34.5%
  • Foreign inst. 19.91%
  • Domestic inst. 32.32%
  • Public 13.25%
Domestic institutions raised their stake by 20.4 points over 7 quarters
QuarterPromotersForeign inst.Domestic inst.Public
Dec 202435.23%11.72%11.95%41.08%
Mar 202535.16%12.36%13.26%39.21%
Jun 202535.15%14.57%21.64%28.64%
Sep 202534.95%22.5%29.92%12.65%
Dec 202534.7%21.41%31.41%12.49%
Mar 202634.61%21.17%31.54%12.69%
Jun 202634.53%19.65%32.71%13.11%
Sep 202634.5%19.91%32.32%13.25%
Shareholding by owner group, % of the company, each quarter, last 8 quarters.

How far is Sai Life Sciences from balance-sheet trouble?

For Sai Life Sciences 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 Sai Life Sciences rank in its industry?

57.3 out of 100, rank 10 of 24 in Pharma - API & CRAMS, with 89% of the evidence available.

Sai Life Sciences Ltd scores 57.3 out of 100 against the 24 companies it is compared with in Pharma - API & CRAMS, ranking 10. A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value.

The four parts add up to the total exactly: 21.7 + 17 + 4.8 + 13.8 = 57.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Sai Life Sciences compared with?

Sai Life Sciences ranks 10 of 24 Pharma - API & CRAMS companies on the 4-Factor Sector Score, with 57.3 out of 100.

  1. 1Neuland Laboratories LtdNEULANDLAB · leader · Most evidence points up · 96% evidence76.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 32.3/35 · Revenue 78.3% · Profit 100% · Operating margin change 23 points · 88% evidenceCapital efficiency 22.9/25 · ROCE 26.5% · Operating margin 35% · 100% evidenceValuation 14.1/20 · P/E 50.8× · PEG 1.04 · 100% evidenceRelative strength 6.7/20 · Lead over its industry -7.8% · Lead over NIFTY 500 20.3% · 1 year 19.6% · 100% evidence · 12 of 12 weeks aheadExact sum: 32.3 + 22.9 + 14.1 + 6.7 = 76 · What this means: Earnings are strong; relative strength in its sector is -7.8% and the one-year return is 19.6%.
  2. 2Acutaas Chemicals LtdACUTAAS · turning · Most evidence points up · 67% evidence73.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 31.3/35 · Revenue 45.4% · Profit 95.5% · Operating margin change 9 points · 95% evidenceCapital efficiency 20.3/25 · ROCE 31.6% · Operating margin 40% · 76% evidenceValuation 10.2/20 · P/E 74.6× · PEG — · 50% evidenceRelative strength 12.1/20 · Lead over its industry — · Lead over NIFTY 500 59.6% · 1 year 131.7% · 25% evidence · 2 of 9 weeks aheadExact sum: 31.3 + 20.3 + 10.2 + 12.1 = 73.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  3. 3Laurus Labs LtdLAURUSLABS · leader · Most evidence points up · 93% evidence71.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.9/35 · Revenue 23% · Profit 95.3% · Operating margin change 10 points · 100% evidenceCapital efficiency 17.3/25 · ROCE 17.8% · Operating margin 34% · 100% evidenceValuation 5.8/20 · P/E 97× · PEG 2.98 · 65% evidenceRelative strength 17.0/20 · Lead over its industry 42.3% · Lead over NIFTY 500 82.8% · 1 year 152.2% · 100% evidence · 12 of 12 weeks aheadExact sum: 30.9 + 17.3 + 5.8 + 17 = 71 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  4. 4Gland Pharma LtdGLAND · leader · Most evidence points up · 96% evidence69.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.0/35 · Revenue 17.6% · Profit 46.4% · Operating margin change 3 points · 88% evidenceCapital efficiency 16.0/25 · ROCE 15.1% · Operating margin 27% · 100% evidenceValuation 12.1/20 · P/E 44.6× · PEG 1.45 · 100% evidenceRelative strength 16.8/20 · Lead over its industry 15.1% · Lead over NIFTY 500 49.3% · 1 year 60.5% · 100% evidence · 12 of 12 weeks aheadExact sum: 25 + 16 + 12.1 + 16.8 = 69.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5IOL Chemicals & Pharmaceuticals LtdIOLCP · leader · Most evidence points up · 100% evidence69.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 29.1/35 · Revenue 26.7% · Profit 75% · Operating margin change 4 points · 100% evidenceCapital efficiency 12.8/25 · ROCE 11.3% · Operating margin 14% · 100% evidenceValuation 13.9/20 · P/E 24.6× · PEG 0.66 · 100% evidenceRelative strength 13.9/20 · Lead over its industry 21.6% · Lead over NIFTY 500 53.8% · 1 year 92.1% · 100% evidence · 12 of 12 weeks aheadExact sum: 29.1 + 12.8 + 13.9 + 13.9 = 69.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6Shilpa Medicare LtdSHILPAMED · leader · Most evidence points up · 89% evidence67.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.4/35 · Revenue 28% · Profit 100% · Operating margin change 1 points · 88% evidenceCapital efficiency 10.8/25 · ROCE 10.9% · Operating margin 29% · 100% evidenceValuation 9.9/20 · P/E 65.7× · PEG 1.73 · 65% evidenceRelative strength 19.9/20 · Lead over its industry 47.2% · Lead over NIFTY 500 84.2% · 1 year 170.8% · 100% evidence · 12 of 12 weeks aheadExact sum: 26.4 + 10.8 + 9.9 + 19.9 = 67 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Morepen Laboratories LtdMOREPENLAB · leader · Evidence leans up · 85% evidence62.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 31.8/35 · Revenue 30.1% · Profit 90.9% · Operating margin change 9 points · 100% evidenceCapital efficiency 9.3/25 · ROCE 8.1% · Operating margin 16% · 100% evidenceValuation 8.5/20 · P/E 32.9× · PEG 2.14 · 100% evidenceRelative strength 12.5/20 · Lead over its industry — · Lead over NIFTY 500 94.5% · 1 year 139% · 25% evidence · 12 of 12 weeks aheadExact sum: 31.8 + 9.3 + 8.5 + 12.5 = 62.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8Divis Laboratories LtdDIVISLAB · leader · Evidence leans up · 96% evidence61.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.7/35 · Revenue 16.4% · Profit 26.8% · Operating margin change 11 points · 88% evidenceCapital efficiency 18.6/25 · ROCE 22% · Operating margin 41% · 100% evidenceValuation 2.6/20 · P/E 87.1× · PEG 3.45 · 100% evidenceRelative strength 15.5/20 · Lead over its industry 9.2% · Lead over NIFTY 500 43.1% · 1 year 45.1% · 100% evidence · 12 of 12 weeks aheadExact sum: 24.7 + 18.6 + 2.6 + 15.5 = 61.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  9. 9Granules India LtdGRANULES · turning · Evidence leans up · 96% evidence57.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.3/35 · Revenue 24.8% · Profit 38.1% · Operating margin change 3 points · 88% evidenceCapital efficiency 16.2/25 · ROCE 15.5% · Operating margin 23% · 100% evidenceValuation 10.2/20 · P/E 35.2× · PEG 1.29 · 100% evidenceRelative strength 6.7/20 · Lead over its industry -5.2% · Lead over NIFTY 500 24.2% · 1 year 48.5% · 100% evidence · 7 of 12 weeks aheadExact sum: 24.3 + 16.2 + 10.2 + 6.7 = 57.4 · What this means: Earnings are strong; relative strength in its sector is -5.2% and the one-year return is 48.5%.
  10. 10Sai Life Sciences Ltd this pageSAILIFE · leader · Evidence leans up · 89% evidence57.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.7/35 · Revenue 17.6% · Profit 48% · Operating margin change 3 points · 88% evidenceCapital efficiency 17.0/25 · ROCE 19.6% · Operating margin 27% · 100% evidenceValuation 4.8/20 · P/E 90× · PEG 3.63 · 65% evidenceRelative strength 13.8/20 · Lead over its industry 9.9% · Lead over NIFTY 500 42.9% · 1 year 69.6% · 100% evidence · 12 of 12 weeks aheadExact sum: 21.7 + 17 + 4.8 + 13.8 = 57.3 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value.
  11. 11SMS Pharmaceuticals LtdSMSPHARMA · breaking out · Evidence leans up · 96% evidence55.8out of 100GrowthCapitalValuationRelative
  12. 12Blue Jet Healthcare LtdBLUEJET · quiet · Evidence leans up · 81% evidence52.7out of 100GrowthCapitalValuationRelative
  13. 13Solara Active Pharma Sciences LtdSOLARA · breaking out · Evidence leans down · 74% evidence49.5out of 100GrowthCapitalValuationRelative
  14. 14Windlas Biotech LtdWINDLAS · leader · Evidence leans down · 81% evidence47.6out of 100GrowthCapitalValuationRelative
  15. 15Anthem Biosciences LtdANTHEM · leader · Evidence leans down · 89% evidence46.7out of 100GrowthCapitalValuationRelative
  16. 16Piramal Pharma LtdPPLPHARMA · leader · Evidence leans down · 71% evidence44.6out of 100GrowthCapitalValuationRelative
  17. 17Supriya Lifescience LtdSUPRIYA · breaking out · Evidence leans down · 96% evidence43.7out of 100GrowthCapitalValuationRelative
  18. 18Concord Biotech LtdCONCORDBIO · quiet · Evidence leans down · 85% evidence40.8out of 100GrowthCapitalValuationRelative
  19. 19Jubilant Pharmova LtdJUBLPHARMA · turning · Most evidence points down · 86% evidence30.3out of 100GrowthCapitalValuationRelative
  20. 20Hikal LtdHIKAL · turning · Most evidence points down · 78% evidence29.7out of 100GrowthCapitalValuationRelative
  21. 21OneSource Specialty Pharma LtdONESOURCE · turning · Most evidence points down · 83% evidence29.2out of 100GrowthCapitalValuationRelative
  22. 22Syngene International LtdSYNGENE · turning · Most evidence points down · 100% evidence27.8out of 100GrowthCapitalValuationRelative
  23. 23Cohance Lifesciences LtdCOHANCE · breaking out · Most evidence points down · 78% evidence27.1out of 100GrowthCapitalValuationRelative
  24. 24Dishman Carbogen Amcis LtdDCAL · basing · Most evidence points down · 64% evidence27.0out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Pharma - API & CRAMS, all 24 compared on one page.

Which companies are close to Sai Life Sciences in size?

Sai Life Sciences is the 5th largest of 24 Pharma - API & CRAMS companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Laurus Labs, Gland Pharma and Anthem Biosciences. Just below it: Acutaas Chemicals, Piramal Pharma and Neuland Laboratories.

Pharma - API & CRAMS companies close in size

  1. Laurus Labs Ltd ₹1,29,972 crore
  2. Gland Pharma Ltd ₹51,086 crore
  3. Anthem Biosciences Ltd ₹46,689 crore
  4. Sai Life Sciences Ltd ₹33,093 crore
  5. Acutaas Chemicals Ltd ₹32,778 crore
  6. Piramal Pharma Ltd ₹31,807 crore
  7. Neuland Laboratories Ltd ₹25,275 crore

All 24 Pharma - API & CRAMS companies, largest first

Companies close in size in other industries

  1. Blue Star Ltd ₹33,472 crore · Consumer Electronics
  2. Gujarat Gas Ltd ₹33,105 crore · Gas Distribution
  3. Sai Life Sciences Ltd ₹33,093 crore
  4. CRISIL Ltd ₹33,030 crore · Credit Rating Agencies
  5. Acutaas Chemicals Ltd ₹32,778 crore · Pharma - API & CRAMS

What else do people ask about Sai Life Sciences?

What is Sai Life Sciences's share price today?

Sai Life Sciences Ltd's share price is ₹1,558.20, +69.7% over the past year. The whole company is worth ₹33,097 Cr on the market.

In the last 52 weeks it traded between ₹795 to ₹1,601; today it is 95% of the way up from the low, 24.2% above its 200-day average (as of 3 November 2026).

What were Sai Life Sciences's latest quarterly results?

Sai Life Sciences Ltd reported revenue of ₹554 Cr and net profit of ₹73.0 Cr for the Jun 2026 quarter. Revenue rose 11.7% and profit rose 21.7% compared with a year earlier. Earnings per share were ₹3.45.

The operating margin was 27.0%, 3.0 percentage points higher than a year earlier (as of 3 November 2026).

What is Sai Life Sciences's market cap?

Sai Life Sciences Ltd's market capitalisation is ₹33,097 Cr at a share price of ₹1,558.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026).

How is Sai Life Sciences performing?

Sai Life Sciences Ltd's share price has been rising for 70 weeks. In its latest quarter, revenue rose 11.7% and profit rose 21.7% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 46 weeks running (as of 3 November 2026).

Will Sai Life Sciences's share price go up?

This page does not forecast Sai Life Sciences Ltd's share price. What it shows instead: the share price is ₹1,558.20, and it has been rising for 70 weeks. Its P/E of 90.0× is higher than 78% of its own last 2 years (as of 3 November 2026).

Who owns Sai Life Sciences?

Promoters own 34.5% of Sai Life Sciences Ltd, foreign institutions 19.9%, domestic institutions 32.3% and the public 13.3% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 20.4 percentage points over 7 quarters (as of 3 November 2026).

Where is Sai Life Sciences in its business cycle?

Sai Life Sciences Ltd's FY26 operating margin was 29.0%, against a 8-year range of 14.0% to 29.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 27.0%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026).

What could break the Sai Life Sciences story?

The main question: yearly earnings per share moved +102.0% while the share price moved +69.7%. 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 3 November 2026).

Is Sai Life Sciences a stock worth studying right now?

What the numbers show: Sai Life Sciences Ltd's earnings have grown faster than its share price. Earnings per share grew +102.0% in a year while the price moved +69.7%. The main open question: whether the price catches up with earnings that have already grown.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026).

Is there a Sai Life Sciences share price forecast for 2026?

What management itself guided: Revenue growth of 15-20% over 3-5 years. What is changing at Sai Life Sciences, from the latest results and calls: integrated customer programmes, bidar capacity commissioning and discovery capacity and cro conversion.

What would change the story: The thesis breaks if the first Bidar block misses its stated H2 FY27 commissioning window and H2 revenue does not improve despite the added capacity.

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 3 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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