Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Sanofi India Ltd

SANOFI
Pharma - MNC bulk Drugs

Sanofi India Ltd's earnings have outrun its stock. EPS grew −31.4% in a year against a −40.2% price move.

The sharpest disagreement: Domestic institutions moved −2.7 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.

The price is in a downtrend (51 weeks in) while the P/E sits at the 9th percentile of its own 2-year range. Underneath, the last four quarters read improving — profit −34.1% year on year, and 68% of the last 2 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.

Price
₹3,318
−40.2% 1Y
P/E
17.3×
9th pctile
of its own 2-year range
Revenue (Dec 24)
₹515 Cr
+9.8% YoY
Profit (Dec 24)
₹91.0 Cr
−34.1% YoY
Operating margin
23.0%
+2.0 pp YoY
ROCE
49%
FY24
Cash conversion
68%
of profit, last 2 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 45% on reported income across 6 comparable periods, so nothing from the second source is placed here — the PEG ratio and its quarterly curve, the quarterly return curves, the annual return-on-invested-capital overlay, the total-debt and debt-to-equity series and the F-score and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 8 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Sanofi India Ltd trades at ₹3,318, in a downtrend and 51 weeks into that stage. That is −14.1% against its own 200-day average. It sits at 11% of a 52-week range of ₹3,097 to ₹5,144. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).

Today the stock is in a downtrend — week 51 of stage 4, confirmed. At ₹3,318 it trades −14.1% versus its 200-day average and sits at 11% of its 52-week range (₹3,097–₹5,144).

Jul 26: ₹3,318 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−14.1% versus the 200-day line, week 51 of stage 4
Price50-day avg200-day avg
S2S4S2S4₹7,692₹6,458₹5,224₹3,991₹2,757₹3,318₹3,864Jul 23May 24Feb 25Nov 25Jul 26
S2S4S2S4₹7,692₹6,458₹5,224₹3,991₹2,757₹3,318₹3,864Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (546 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +23% while the NIFTY 500 moved +276% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-07-24) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Sanofi India Ltd trades at 17.3× P/E, near the bottom of its own range — cheaper only 9% of the time. Its long-run median P/E is 31.0×, measured across 2.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 17.3× is near the bottom of its own range — cheaper only 9% of the time, against a long-run median of 31.0× measured over 2.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 17.3× vs a 31.0× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 2.4-year window; loss-period spikes above 47× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 9% of the time
P/EMedianEPS (TTM) (quarterly)
49.3×₹20840.4×₹15631.5×₹10422.5×₹51.913.6×₹0.0×17.30×₹192Feb 24Oct 24May 25Jan 26Jul 26
49.3×₹20840.4×₹15631.5×₹10422.5×₹51.913.6×₹0.0×17.30×₹192Feb 24May 25Jul 26
P/E
17.3×
9th percentile of 2y

Why the multiple sits where it does: over the past year annual EPS moved −31.4% against a −40.2% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 45% on reported income across 6 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Sanofi India Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.

Growth, year by year: revenue +0.9% in FY24, profit −31.5% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
2.1%−31.39%1.5%−31.42%0.9%−31.45%0.3%−31.48%−0.3%−31.51%%%0.9%−31.5%FY23FY24
2.1%−31.39%1.5%−31.42%0.9%−31.45%0.3%−31.48%−0.3%−31.51%%%0.9%−31.5%FY23FY24
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfit
11%−14%5.7%−23%0.0%−31%−5.8%−40%−11%−48%%%9.8%−34.1%Jun 23Mar 24Dec 24
11%−14%5.7%−23%0.0%−31%−5.8%−40%−11%−48%%%9.8%−34.1%Jun 23Mar 24Dec 24
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
50.2%49.6%49.0%48.4%47.8%%49%FY24
50.2%49.6%49.0%48.4%47.8%%49%FY24

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+0.9%
Profit−31.5%
EPS−31.4%
Share price−40.2%−8.0%−8.3%+1.7%
Revenue YoY (Dec 24)
+9.8%
latest quarter vs a year ago
Profit YoY (Dec 24)
−34.1%
latest quarter vs a year ago
Revenue 10y
0.9%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

49.6/100 — rank 8 of 8 in Pharma - MNC bulk Drugs · 40% evidence confidence · provisional, ranked below fully-evidenced peers

Sanofi India Ltd scores 49.6 out of 100 against the 8 companies it is compared with in Pharma - MNC bulk Drugs, ranking 8. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 17.7 + 15 + 13.9 + 3 = 49.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Sanofi India Ltd reported ₹515 Cr of revenue in the Dec 24 quarter, +9.8% year on year. That is the 2nd straight quarter of year-on-year growth. Over 1 years it has compounded at 0.9% a year. The last full year, FY24, came in at ₹2,013 Cr. The last four reported quarters add to ₹2,014 Cr.

FY24 revenue came in at ₹2,013 Cr (+0.9% on the year), capping 1 years at 0.9% compound. The latest quarter (Dec 24) printed ₹515 Cr, +9.8% year on year — the 2nd consecutive quarter of year-over-year growth.

FY24 revenue ₹2,013 Cr (+0.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 2-year window. A bar is red when it is lower than the year before.
0.9% a year over 1 years
RevenueYoY growth
2.2k2.1%1.6k1.5%1.1k0.9%5440.3%0−0.3%₹ Cr%₹2,0130.9%FY23FY24
2.2k2.1%1.6k1.5%1.1k0.9%5440.3%0−0.3%₹ Cr%₹2,0130.9%FY23FY24
Dec 24: ₹515 Cr (+9.8% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Revenue (quarterly)YoY growth
56611%4245.7%2830.0%141−5.8%0−11%₹ Cr%₹5159.8%Jun 23Mar 24Dec 24
56611%4245.7%2830.0%141−5.8%0−11%₹ Cr%₹5159.8%Jun 23Mar 24Dec 24

Pace check: the last four quarters averaged +2.2% growth against the decade's 0.9% — the current year is running faster than its own long-run rate.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Sanofi India Ltd's operating margin is 23.0% in the Dec 24 quarter, +2.0 percentage points against the same quarter a year ago.

The latest quarter's operating margin is 23.0%, +2.0 pp against the same quarter a year ago. Across 2 fiscal years the operating margin has ranged 24.0%–24.0%.

Why the margin moved: operating margin went +1.8 pp year on year while gross margin went −1.8 pp — the gain came mostly from the gross line: input costs and pricing.

FY24: 24.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 2-year window.
within a 24.0–24.0% band over 2 years
operating marginYoY change (pp)
25.2%1.2%24.6%0.6%24.0%0.0%23.4%−0.6%22.8%−1.2%%%24%0%FY23FY24
25.2%1.2%24.6%0.6%24.0%0.0%23.4%−0.6%22.8%−1.2%%%24%0%FY23FY24
Dec 24: 23.0% operating margin (+2.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
27%2.2%26%1.6%24%1.0%22%0.4%21%−0.2%%%23%2%Jun 23Mar 24Dec 24
27%2.2%26%1.6%24%1.0%22%0.4%21%−0.2%%%23%2%Jun 23Mar 24Dec 24
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Sanofi India Ltd earned ₹91.0 Cr of net profit in the Dec 24 quarter, −34.1% year on year. Full-year FY24 profit was ₹413 Cr. The 1-year compound rate is −31.5%. That is 17.7% of the quarter's revenue. The same quarter a year earlier earned ₹138 Cr.

Dec 24 profit was ₹91.0 Cr, −34.1% year on year. On the full year, FY24 printed ₹413 Cr (−31.5%), and the 1-year compound rate is −31.5%.

FY24 profit ₹413 Cr (−31.5% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 2-year window. A bar is red when it is lower than the year before.
−31.5% a year over 1 years
Net profitYoY growth
651−30.3%488−30.9%326−31.5%163−32.1%0−32.7%₹ Cr%₹413−31.5%FY23FY24
651−30.3%488−30.9%326−31.5%163−32.1%0−32.7%₹ Cr%₹413−31.5%FY23FY24
Dec 24: ₹91.0 Cr (−34.1% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
164−14%123−23%82−31%41−40%0−48%₹ Cr%₹91−34.1%Jun 23Mar 24Dec 24
164−14%123−23%82−31%41−40%0−48%₹ Cr%₹91−34.1%Jun 23Mar 24Dec 24

🚨 Why profit moved: revenue contributed +9.8% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit −32.2% vs revenue +2.2%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 2 fiscal years 68% of Sanofi India Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY24 that was ₹462 Cr of operating cash against ₹413 Cr of profit. After ₹36.0 Cr of capital spending, ₹426 Cr was left as free cash.

FY24: operating cash of ₹462 Cr against reported profit of ₹413 Cr, leaving free cash of ₹426 Cr after ₹36.0 Cr of capital spending. Across the last 2 fiscal years the conversion rate is 68% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY24: CFO ₹462 Cr vs profit ₹413 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 2-year window, annual resolution.
68% of 2-year profit arrived as cash
Operating cashNet profitFree cash
6514883261630₹ Cr₹462₹413₹426FY23FY24
6514883261630₹ Cr₹462₹413₹426FY23FY24
FY24: CFO = 112% of profit (three-year rate 68%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
118%96%75%54%32%%112%FY23FY24
118%96%75%54%32%%112%FY23FY24

🚨 Why conversion sits at 68%: the cash cycle tightened 90 days between FY23 and FY24 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Sanofi India Ltd's cash conversion cycle runs 77 days in FY24, down from 167 days in FY23. Capital spending ran ₹36.0 Cr over the last 1 years. At FY24 sales of ₹2,013 Cr each day of that cycle holds about ₹5.5 Cr, so roughly ₹425 Cr sits inside the business at any moment.

FY24: debtors at 42 days, inventory at 186 days — roughly 6.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 77 days, tighter than FY23's 167.

The full loop: cash goes out to suppliers and production on day 0; stock waits 186 days to sell; customers pay about 42 days after that; and suppliers themselves are paid at 151 days — netting out to the 77-day cycle.

In money terms: at FY24 sales of ₹2,013 Cr, each day of the cycle holds about ₹5.5 Cr — so the 77-day loop keeps roughly ₹425 Cr sitting inside the business at any moment.

FY24: a 77-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 2-year window.
−90 days vs FY23
Cash cycleInventory daysDebtor daysPayable days
272206139726days77d186d42d151dFY23FY24
272206139726days77d186d42d151dFY23FY24

On the investment side: capital spending of ₹36.0 Cr over the last 1 fiscal years against ₹37.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹18.0 Cr (FY24) — capacity paid for but not yet earning.

FY24: capex ₹36.0 Cr, work-in-progress ₹18.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
392919100₹ Cr₹36₹18FY24
392919100₹ Cr₹36₹18FY24

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Sanofi India Ltd earns a ROCE of 49% in FY24. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 20.5% net margin on 1.25× asset turns.

FY24 ROCE is 49%.

Why the return is what it is — the wiring (FY24): 20.5% net margin × 1.25× asset turns × 1.87× balance-sheet leverage ≈ 47.9% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.

FY24: ROCE 49% Return on capital employed by fiscal year, % (line). 1-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the full ladder
ROCEWACC
52%41%31%20%9.0%%49%FY24
52%41%31%20%9.0%%49%FY24

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 45% on reported income across 6 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Sanofi India Ltd carries ₹19.0 Cr of borrowings against ₹861 Cr of equity in FY24, a debt-to-equity of 0.02. Operating profit covers the interest bill north of 100×. Over 1 years borrowings went from ₹19.0 Cr to ₹19.0 Cr. Capital spending ran ₹36.0 Cr across the last 1 of those years.

FY24: borrowings of ₹19.0 Cr against equity of ₹861 Cr — a debt-to-equity of 0.02. Operating profit covers the interest bill north of 100×. Over 1 years borrowings went from ₹19.0 Cr to ₹19.0 Cr while capital spending ran ₹36.0 Cr in just the last 1 — the build-out is being paid for out of cash, not debt.

FY24: borrowings ₹19.0 Cr at 0.02× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 2-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
debt is falling while the business grows
BorrowingsDebt-to-equity
211.2×150.6×100.0×5−0.6×0−1.1×₹ Cr×₹190.02×FY23FY24
211.2×150.6×100.0×5−0.6×0−1.1×₹ Cr×₹190.02×FY23FY24

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 45% on reported income across 6 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions cut 2.7 points of Sanofi India Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 19.9% of the company. Foreign institutions moved −0.1 points over the same window, to 5.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: −2.7 points over 8 quarters to 19.9%; Foreign institutions: −0.1 points over 8 quarters to 5.7%; Promoters: +0.0 points over 8 quarters to 60.4%.

🚨 Why the register moved: domestic institutions drove it (−2.7 points) — distribution into the market’s bid.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
65%49%33%17%1.2%%60.4%5.7%21.1%12.8%Mar 24Mar 25Mar 26
65%49%33%17%1.2%%60.4%5.7%21.1%12.8%Mar 24Mar 25Mar 26
Domestic institutions cut 2.7 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
65%49%33%17%1.2%%60.4%5.7%19.9%14.1%Jun 23Dec 24Jun 26
65%49%33%17%1.2%%60.4%5.7%19.9%14.1%Jun 23Dec 24Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Sanofi India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Pharma - MNC bulk Drugs
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Procter & Gamble Health LtdPGHL 75.3/100Favorable setup90% evidence TURNING 28.7/35 Revenue 15.6% · PAT 30.7% · OPM change 11 pp 88% evidence 21.2/25 ROCE 83.5% · OPM 37% 100% evidence 14.6/20 P/E 33.5× · PEG 0.5 100% evidence 10.8/20 RS sector -2.5% · RS bench 12.6% · 1Y 13.7%11 of 11 weeks ahead 70% evidence
Exact sum: 28.7 + 21.2 + 14.6 + 10.8 = 75.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Sanofi Consumer Healthcare India LtdSANOFICONR 61.2/100Mixed-positive evidence67% evidence ASLEEP 26.9/35 Revenue 31% · PAT 33% · OPM change 6 pp 71% evidence 20.9/25 ROCE 89.9% · OPM 38% 76% evidence 9.4/20 P/E 39.9× · PEG — 15% evidence 4.0/20 RS sector -7.1% · RS bench -2.3% · 1Y -7.4%2 of 12 weeks ahead 100% evidence
Exact sum: 26.9 + 20.9 + 9.4 + 4 = 61.2 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -7.1% and the one-year return is -7.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Pfizer LtdPFIZER 53.7/100Mixed-positive evidence100% evidence TURNING 19.1/35 Revenue 10.6% · PAT -9.2% · OPM change 3 pp 100% evidence 13.8/25 ROCE 24.1% · OPM 38% 100% evidence 18.7/20 P/E 28.7× · PEG 0.73 100% evidence 2.1/20 RS sector -8% · RS bench -3.2% · 1Y -10.2%0 of 12 weeks ahead 100% evidence
Exact sum: 19.1 + 13.8 + 18.7 + 2.1 = 53.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Glaxosmithkline Pharmaceuticals LtdGLAXO 49.0/100Mixed-negative evidence96% evidence TURNING 11.8/35 Revenue 1.9% · PAT 11.8% · OPM change 1 pp 88% evidence 17.4/25 ROCE 61.4% · OPM 35% 100% evidence 5.3/20 P/E 46.8× · PEG 6.68 100% evidence 14.5/20 RS sector -1% · RS bench 4.2% · 1Y -15.5%1 of 12 weeks ahead 100% evidence
Exact sum: 11.8 + 17.4 + 5.3 + 14.5 = 49 · Decision use: Price leads the evidence: RS versus the benchmark is 4.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
5Abbott India LtdABBOTINDIA 48.8/100Mixed-negative evidence90% evidence TURNING 14.9/35 Revenue 8.1% · PAT 9.7% · OPM change 1 pp 88% evidence 15.7/25 ROCE 44.8% · OPM 28% 100% evidence 7.9/20 P/E 38.2× · PEG 2.56 100% evidence 10.3/20 RS sector -0.7% · RS bench -2.8% · 1Y -17.7%5 of 10 weeks ahead 70% evidence
Exact sum: 14.9 + 15.7 + 7.9 + 10.3 = 48.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Novartis India LtdNOVARTIND 46.8/100Mixed-negative evidence100% evidence LEADER 13.3/35 Revenue 5.4% · PAT -4.9% · OPM change 3 pp 100% evidence 6.9/25 ROCE 16.2% · OPM 34% 100% evidence 6.6/20 P/E 38.8× · PEG 1.96 100% evidence 20.0/20 RS sector 42.3% · RS bench 49% · 1Y 51.6%12 of 12 weeks ahead 100% evidence
Exact sum: 13.3 + 6.9 + 6.6 + 20 = 46.8 · Decision use: Price leads the evidence: RS versus the benchmark is 49%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
7Astrazeneca Pharma India LtdASTRAZEN 40.7/100Mixed-negative evidence83% evidence ASLEEP 17.0/35 Revenue 32.6% · PAT 63.5% · OPM change -7 pp 88% evidence 8.6/25 ROCE 29.3% · OPM 11% 100% evidence 4.3/20 P/E 106× · PEG 3.95 65% evidence 10.8/20 RS sector 2.3% · RS bench -7.8% · 1Y -8.7%0 of 10 weeks ahead 70% evidence
Exact sum: 17 + 8.6 + 4.3 + 10.8 = 40.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Sanofi India Ltdthis pageSANOFI 49.6/100Thin evidence · provisional40% evidence ASLEEP 17.7/35 Revenue — · PAT — · OPM change 2 pp 5% evidence 15.0/25 ROCE 49.2% · OPM 23% 57% evidence 13.9/20 P/E 17.3× · PEG — 50% evidence 3.0/20 RS sector -26.7% · RS bench -18.8% · 1Y -43.3%0 of 10 weeks ahead 70% evidence
Exact sum: 17.7 + 15 + 13.9 + 3 = 49.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Sanofi India Ltd's share price today?

Sanofi India Ltd trades at ₹3,318, −40.2% over the past year. The company is valued at ₹7,641 Cr. The stock sits at 11% of its 52-week range of ₹3,097–₹5,144, −14.1% versus its 200-day average. On the tape, the price is in a downtrend, 51 weeks in. — as of 31 July 2026.

What were Sanofi India Ltd's latest quarterly results?

Sanofi India Ltd reported revenue of ₹515 Cr and net profit of ₹91.0 Cr for the Dec 24 quarter. Revenue rose 9.8% and profit fell 34.1% year on year. Earnings per share were ₹39.70. The operating margin was 23.0%, 2.0 pp higher than a year earlier. — as of 31 July 2026.

What is Sanofi India Ltd's revenue?

Sanofi India Ltd reported revenue of ₹515 Cr in the Dec 24 quarter, +9.8% year on year. For the full FY24 fiscal year, revenue was ₹2,013 Cr (+0.9%). Over the last 1 years revenue compounded at 0.9% a year. — as of 31 July 2026.

What is Sanofi India Ltd's profit?

Sanofi India Ltd earned ₹91.0 Cr of net profit in the Dec 24 quarter, −34.1% year on year. Full-year FY24 profit was ₹413 Cr. The operating margin ran 23.0% in the latest quarter. — as of 31 July 2026.

What is Sanofi India Ltd's market cap?

Sanofi India Ltd's market capitalisation is ₹7,641 Cr at a share price of ₹3,318. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Sanofi India Ltd's P/E ratio?

Sanofi India Ltd trades at a P/E of 17.3×, at the 9th percentile of its own 2-year range, against a long-run median of 31.0×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does Sanofi India Ltd pay a dividend?

Yes — Sanofi India Ltd's dividend payout was 65% of profit in FY24, and it recorded a payout in each of its last 2 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.

Is Sanofi India Ltd overvalued?

On its own history, Sanofi India Ltd looks cheap against its own history: its P/E of 17.3× has been cheaper only 9% of the time in 2 years (long-run median 31.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

Is Sanofi India Ltd growing?

Yes — Sanofi India Ltd is growing: latest-quarter revenue +9.8% year on year, profit −34.1%, and the margin +2.0 pp at 23.0%. The 1-year compound rates are 0.9% (revenue) and −31.5% (profit). The earnings engine currently reads: improving — as of 31 July 2026.

How is Sanofi India Ltd performing?

Sanofi India Ltd is in a downtrend, 51 weeks in. Its latest quarter's revenue rose 9.8% and profit fell 34.1% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 31 July 2026.

Is Sanofi India Ltd in an uptrend?

No — the price is in a downtrend (week 51 of stage 4), trading −14.1% versus its 200-day average and at 11% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.

Is Sanofi India Ltd beating the market?

Not lately — on a trailing-13-week view Sanofi India Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-07-24), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +23% against the NIFTY 500's +276% — behind the index over the full window. — as of 31 July 2026.

Will Sanofi India Ltd's share price go up?

This page publishes no price forecast for Sanofi India Ltd. What it measures instead: the share price is ₹3,318, the price is in a downtrend 51 weeks in. Its P/E of 17.3× sits at the 9th percentile of its own 2-year range. — as of 31 July 2026.

Who owns Sanofi India Ltd?

Promoters hold 60.4% of Sanofi India Ltd, foreign institutions 5.7%, domestic institutions 19.9% and the public 14.1% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 2.7 points over 8 quarters. — as of 31 July 2026.

Does Sanofi India Ltd have too much debt?

No — Sanofi India Ltd's debt-to-equity is 0.02, and operating profit covers the interest bill north of 100×. FY24 borrowings were ₹19.0 Cr against equity of ₹861 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.

What is Sanofi India Ltd's capex?

Sanofi India Ltd spent ₹36.0 Cr on capital expenditure over the last 1 fiscal year, a figure derived from the change in fixed assets plus depreciation. In FY24 alone that was ₹36.0 Cr, with ₹18.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.

What is Sanofi India Ltd's cash flow?

Sanofi India Ltd generated ₹462 Cr of operating cash flow in FY24 and ₹426 Cr of free cash flow after ₹36.0 Cr of capital spending. Reported profit that year was ₹413 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.

Is Sanofi India Ltd's profit real cash?

Mostly — over the last 2 fiscal years, 68% of Sanofi India Ltd's reported profit arrived as operating cash. In FY24, operating cash was ₹462 Cr against reported profit of ₹413 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 31 July 2026.

Where is Sanofi India Ltd in its business cycle?

Sanofi India Ltd's FY24 operating margin was 24.0%, against a 2-year band of 24.0%–24.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 23.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the Sanofi India Ltd story?

The sharpest disagreement: Domestic institutions moved −2.7 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.

Is Sanofi India Ltd a stock worth studying right now?

This is not investment advice. The machine read: Sanofi India Ltd's earnings have outrun its stock. EPS grew −31.4% in a year against a −40.2% price move. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

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