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Anthem Biosciences Limited (ANTHEM) Fair Value & Analysis

Healthcare · IN · Market cap ₹436B

AB Anthem Biosciences Limited ANTHEM · NSE
Price₹841.00
Fair Value₹196.91
Upside-76.6%
Quality66/100
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Healthy Growth
Highly profitable · 27.8% net margin
Low debt · generates free cash flow
0.26% dividend yield
Mixed vs. peers (8/14)
Wide moat 86/100
Evidence: High Range ₹148.66 – ₹346.59 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from ₹211.75 to ₹196.91 (−7.0%) since Jul 14, 2026. Share price +12.4% over the past month.

A solid business, but screening 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹346.59). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹148.66 to ₹346.59) leaves room in how you read the outcome.
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Price vs Fair Value (13 months)

₹862.25 ₹586.32 Fair Value ₹196.91 Jul 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 18, 2026.

How to read this chart

13‑month range ₹586.32 – ₹862.25 · fair‑value band ₹148.66 – ₹346.59 · the ₹841.00 price screens above the ₹196.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 18, 2026.

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Analysis

Anthem Biosciences Limited (ANTHEM) currently trades at ₹841.00, while our model-based Fair Value estimate is ₹196.91, implying the stock looks roughly 76.6% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Anthem Biosciences Limited generated revenue of ₹21.2B at a net margin of 27.9%. Revenue grew 26.4% year over year. It earns a return on equity of 21.7%. The balance sheet holds a net cash position of ₹2.2B. Fundamentals as of Jul 18, 2026

Our scenario range runs from ₹148.66 (bear case) to ₹346.59 (bull case); at ₹841.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -77%, ANTHEM screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹198.21 ₹413.51 ₹830.14 80
Residual Income ₹75.82 ₹109.02 ₹672.54 76
Rev-Margin DCF ₹119.86 ₹210.51 ₹341.81 74
All 24 models by family
DCF Models
FCF DCF ₹205.40 ₹366.15 ₹815.41 38
Owner Earnings ₹151.00 ₹332.82 ₹717.79 31
5Y Revenue Exit ₹119.86 ₹206.54 ₹346.68 39
5Y EBITDA Exit ₹169.69 ₹317.13 ₹544.03 41
5Y P/E Exit ₹182.34 ₹357.84 ₹577.70 38
10Y Revenue Exit ₹141.10 ₹247.58 ₹392.20 36
10Y EBITDA Exit ₹179.83 ₹339.79 ₹617.47 37
10Y P/E Exit ₹188.84 ₹363.20 ₹649.75 35
Earnings-Based
Graham-Dodd ₹71.64 ₹466.86 ₹653.23 54
Lynch FV ₹135.77 ₹193.96 ₹252.15 50
PEG = 1.0 ₹135.77 ₹193.96 ₹252.15 46
EPV ₹87.59 ₹102.27 ₹115.32 59
Multiples
P/E Multiple ₹173.84 ₹231.78 ₹289.73 63
P/S Multiple ₹99.27 ₹132.37 ₹165.46 58
P/B Multiple ₹134.33 ₹179.10 ₹223.88 55
EV/EBIT ₹163.23 ₹216.17 ₹269.12 53
EV/EBITDA ₹160.26 ₹212.22 ₹264.17 54
EV/Revenue ₹83.82 ₹117.86 ₹151.89 43
Asset-Based
NCAV (Graham) ₹27.08 ₹36.29 ₹54.16 50
Growth DCF
Growth DCF ₹198.21 ₹413.51 ₹830.14 80
Rev-Margin DCF ₹119.86 ₹210.51 ₹341.81 74
Economic Profit
Residual Income ₹75.82 ₹109.02 ₹672.54 76
ROIC Compounder ₹107.41 ₹160.81 ₹218.52 72
Growth Earnings
Growth-Adj P/E ₹194.70 ₹278.14 ₹361.58 68

Widest divergence: DCF Models (₹332.82) versus Asset-Based (₹36.29). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹21.3B
Revenue growth (YoY) +26.0%
Net margin 27.8%
Return on equity 21.7%
Free cash flow ₹7.1B FY2026
P/E ratio 74.7
More key figures
Operating margin 38.4%
EPS (TTM) ₹10.40
Dividend yield 0.3%
EPS growth (YoY) +126%
Net cash ₹2.2B FY2026

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 67 · Market factors (momentum, volatility) 64

Profitability 71
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 20
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 75
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Anthem Biosciences Limited 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.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹21.2B
Latest YoY
+15.2%
Avg. growth/yr (3Y)
+26.2%
Revenue +14.6%/yr
FY22 ₹12.3B
FY23 ₹10.6B
FY24 ₹14.2B
FY25 ₹18.4B
FY26 ₹21.2B
Net income +9.9%/yr
FY22 ₹4.1B
FY23 ₹3.9B
FY24 ₹3.7B
FY25 ₹4.5B
FY26 ₹5.9B

ANTHEM screens 77% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Anthem Biosciences Limited Fair Value". https://www.fairvalue-calculator.com/stock/ANTHEM

Peer Group

Biotechnology · 603 stocks

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.

Quality Score 66 · Top 25%
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 28% · Top 25%
Operating margin (TTM) 38% · Top 25%
Revenue growth 26% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 74.7× · Pricier than 75% of peers
P/B 14.35× · Pricier than 75% of peers
P/S (TTM) 20.50× · Pricier than 75% of peers
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 51.7× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 0
PAST 87 · sector 0
HEALTH 100 · sector 97
DIVIDEND 5 · sector 23

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is Anthem Biosciences Limited (ANTHEM) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of ₹196.91 versus a price of ₹841.00, about −77% (overvalued).
What is the fair value of ANTHEM?
Our model-based fair value for Anthem Biosciences Limited is ₹196.91 (as of Jul 18, 2026), built from audited fundamentals. The current price is ₹841.00.
What is the quality score of ANTHEM?
Anthem Biosciences Limited has a Quality Score of 66/100. 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 revenue of Anthem Biosciences Limited (ANTHEM)?
Anthem Biosciences Limited reported trailing-twelve-month revenue of about ₹21.2B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of ANTHEM?
The net profit margin of Anthem Biosciences Limited is about 27.9%, meaning it keeps roughly 27.9% of revenue as net income. Based on the latest reported figures.
Does Anthem Biosciences Limited pay a dividend?
Anthem Biosciences Limited currently shows a dividend yield of about 0.26% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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