Anthem Biosciences Ltd (ANTHEM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Anthem Biosciences Ltd stock ₹455, price ₹916, that is 50.3% below the price, quality 67 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
16‑month range ₹586.32 – ₹957.80 · fair‑value band ₹284.14 – ₹720.82 · the ₹915.55 price screens above the ₹455.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Anthem Biosciences Limited operates as technology-focused contract research, development, and manufacturing organization. It operates through two segments: Contract Research, Development & Manufacturing (CRDMO) services; and Speciality Ingredients.
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The company offers end-to-end services across the new chemical entity and new biological entity lifecycles, including target identification and the concept stage; preclinical development; and manufacturing development batches of molecules used for clinical Phase I, II, and III trials up to commercial manufacturing of RNA-based therapies, antibody-drug conjugates, peptides and oligonucleotides, lipids, biologics and biotherapeutics, fermentation, biosynthesis and biotransformation, and flow chemistry.
It also manufactures and sells complex specialized fermentation-based active pharmaceutical ingredients (APIs), including serratiopeptidase protease and vitamin K2; microbial and mammalian biosimilars; probiotics, such as bacillus species, lactobacillus species, bifidobacterium species, streptococcus species and saccharomyces boulardii; enzymes; peptides, including semaglutide, plecanatide, linaclotide, liraglutide, and cilengitide; nutritional actives, vitamin analogues, and APIs. The company was incorporated in 2006 and is based in Bengaluru, India.
Stock analysis
Anthem Biosciences Ltd (ANTHEM) currently trades at ₹915.55, while our model-based Fair Value estimate is ₹455.20, 50% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹277.24 per share, and 0 of the 24 models we run sit above the ₹915.55 price.
Bear case: the Economic Profit group reads lowest at ₹80.78, and 24 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹284.14 (bear) to ₹720.82 (bull), the price of ₹915.55 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Anthem Biosciences Ltd reported revenue of ₹21.2B in FY2026 versus ₹12.3B in FY2022, a compound +14.6%/yr. Reported net income was ₹5.9B in FY2026, compounding +9.9%/yr from FY2022.
Key figures
Market cap ₹519B (≈ $5.5B) Mid · P/E ratio 84.6 · P/S ratio 25.9 · EPS (TTM) ₹10.82 · Net margin 28.7% · Return on equity 21.7% · Return on assets (EBIT) 21.9% (5-year average) · Operating margin 28.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 86 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 10% fair-value upside, at −50%, ANTHEM screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹25.13 to ₹465.35). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹284.14Fair Value ₹455.20Bull₹720.82
Price ₹915.55 · Downside -50.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹6.58 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+15.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.2%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+8.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.9%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.42% → 33%
2026 sits 52% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+42.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+17.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +36.6% a year for the price and +12.8% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Biotechnology · 558 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−50.3% · Below median
Profitability
Return on equity (12 months)21.7% · Top 25%
Return on assets17.3% · Top 25%
Net margin (12 months)28.7% · Top 25%
Operating margin (12 months)28.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−22.6% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Biotechnology median · lower = cheaper
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Is Anthem Biosciences Ltd (ANTHEM) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ₹455.20 versus a price of ₹915.55, about 50% lower (overvalued).
What is the fair value of ANTHEM?
Our model-based fair value for Anthem Biosciences Ltd is ₹455.20 (as of Nov 6, 2026), built from audited fundamentals. The current price: ₹915.55.
What is the quality score of ANTHEM?
Anthem Biosciences Ltd has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Anthem Biosciences Ltd (ANTHEM)?
Our model-based price target is the fair value of ₹455.20 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario ₹284.14, optimistic scenario ₹720.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Anthem Biosciences Ltd stock forecast for 2026?
Our models put fair value at ₹455.20, about 50% lower versus a price of ₹915.55 (overvalued). Cautious scenario ₹284.14, optimistic scenario ₹720.82. The calculation is refreshed regularly with new filings.
What is the revenue of Anthem Biosciences Ltd (ANTHEM)?
Anthem Biosciences Ltd reported trailing-twelve-month revenue of about ₹20.1B (latest available figure, as of Nov 6, 2026).
What growth is priced into Anthem Biosciences Ltd (ANTHEM)?
For today's price to be fair in a discounted-cash-flow model, Anthem Biosciences Ltd would have to grow free cash flow by +42.3 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +14.6 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of ANTHEM use?
Our models discount Anthem Biosciences Ltd at 12.4 %: a base by market capitalisation (mid), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Anthem Biosciences Ltd that is +42.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Anthem Biosciences Ltd (ANTHEM) delivered so far?
Over the past 4 years revenue at Anthem Biosciences Ltd grew +14.6 % a year. The price currently implies free-cash-flow growth of +42.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Anthem Biosciences Ltd (ANTHEM) growing?
The median revenue growth in the sector is +1.7 % a year. That is the yardstick for the growth priced into Anthem Biosciences Ltd (+42.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Anthem Biosciences Ltd (ANTHEM)?
The free-cash-flow yield on the price is 1.36 %: that much free cash flow Anthem Biosciences Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Anthem Biosciences Ltd (ANTHEM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Anthem Biosciences Ltd it is ₹455.20 per share (as of Nov 6, 2026), against a price of ₹915.55. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Anthem Biosciences Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ANTHEM trades above its calculated fair value: price ₹915.55, fair value ₹455.20, a gap of about −50% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ANTHEM?
No. The price is what the market pays today (₹915.55); the fair value is what the company's own numbers justify (₹455.20). For Anthem Biosciences Ltd the two are ₹460.35 per share apart. That gap is exactly why we show both numbers side by side.
How much is Anthem Biosciences Ltd worth?
The market values Anthem Biosciences Ltd at about ₹519B (market capitalisation, as of Nov 6, 2026). Per share that is ₹915.55; our models calculate a fair value of ₹455.20 per share.
What do the bullish and bearish scenarios say about ANTHEM?
Our models span a range for Anthem Biosciences Ltd: cautious scenario ₹284.14, base ₹455.20, optimistic ₹720.82 per share (as of Nov 6, 2026, price ₹915.55). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ANTHEM?
Anthem Biosciences Ltd trades at a price-to-earnings ratio of 84.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹455.20 is built from several models across several years. Other multiples: P/B 17.1, P/S 25.9, EV/EBITDA 64.1.
How solid is the balance sheet of Anthem Biosciences Ltd (ANTHEM)?
Balance-sheet figures for Anthem Biosciences Ltd (as of Nov 6, 2026): return on equity 21.7%, debt of 0.01 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is ANTHEM from its 52-week high?
Anthem Biosciences Ltd trades at ₹915.55, about 4% below its 52-week high of ₹957.80 and 56% above the low of ₹586.32 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹455.20 is for.
Which stocks are comparable to Anthem Biosciences Ltd?
From the same area (Healthcare) we also value Vertex Pharmaceuticals Incorporated, Regeneron Pharmaceuticals, Inc, CSL Limited, argenx SE, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Anthem Biosciences Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price ₹915.55, calculated fair value ₹455.20 (−50%), Quality Score 67/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ANTHEM calculated?
We run Anthem Biosciences Ltd through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹455.20 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Anthem Biosciences Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Anthem Biosciences Ltd (ANTHEM)?
The closing price on Nov 6, 2026 was ₹915.55. Our model-based fair value is ₹455.20, about 50% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Anthem Biosciences Ltd right now?
The price sits above even our optimistic bull case (₹720.82). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹284.14 to ₹720.82) leaves room in how you read the outcome.
Key figures of Anthem Biosciences Ltd
How large is the market capitalisation of Anthem Biosciences Ltd (ANTHEM)?
The market capitalisation of Anthem Biosciences Ltd is ₹519B (≈ $5.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Anthem Biosciences Ltd (ANTHEM)?
The price-to-sales ratio of Anthem Biosciences Ltd is 25.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Anthem Biosciences Ltd (ANTHEM)?
Earnings per share at Anthem Biosciences Ltd are ₹10.82 (price ÷ EPS = P/E 84.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Anthem Biosciences Ltd (ANTHEM)?
The net margin of Anthem Biosciences Ltd is 28.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Anthem Biosciences Ltd (ANTHEM)?
The return on equity (ROE) of Anthem Biosciences Ltd is 21.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Anthem Biosciences Ltd (ANTHEM)?
On an EBIT basis the return on assets of Anthem Biosciences Ltd is 21.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Anthem Biosciences Ltd (ANTHEM)?
The operating margin of Anthem Biosciences Ltd is 28.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Anthem Biosciences Ltd (ANTHEM)?
Revenue at Anthem Biosciences Ltd is growing −22.6% versus a year earlier (3y avg +26.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Anthem Biosciences Ltd (ANTHEM)?
Earnings per share at Anthem Biosciences Ltd are growing −12.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Anthem Biosciences Ltd (ANTHEM) hold?
Anthem Biosciences Ltd holds more cash than debt, ₹2.2B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Nov 6, 2026