Dishman Carbogen Amcis Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,335 Cr
- P/E
- 128.70
- ROE
- 1.58%
- PEG
- 0.94
- Price to sales
- 0.80
- Debt to equity
- 0.46
- 52W high / low
- ₹298 / ₹130
- Sales growth (5Y)
- 8.93%
- EBITDA margin
- 16.72%
- Net profit margin
- 3.37%
- Promoter holding
- 59.32%
- Sales (last year)
- ₹2,901 Cr
Dishman Carbogen Amcis Ltd is engaged in Contract Research and Manufacturing Services (CRAMS) and manufacture and supply of marketable molecules such as specialty chemicals, vitamins & chemicals and disinfectants with presence in Switzerland, UK, Europe, China and other countries.[1]
Guidance scorecard · Q1 FY27 call
What Dishman Carbogen Amcis Ltd's management guided
and where it ranks in Pharmaceuticals & Biotechnology
Pharmaceuticals & Biotechnology
RevenueQ1 FY27 call
10–20%- FY27 revenue expected to grow by at least 30-35% for the Indian entity.
- Overall company expects single-digit revenue growth for FY27 due to deferral of some orders and market conditions.
- FY28-29 outlook anticipates substantial growth across India operations, Swiss CDMO, and French injectables plant.
- Expectation of more than 10% year-on-year revenue growth in FY28-29.
- Double-digit growth forecasted for French and Indian entities during FY28-29.
- New tech transfers from Switzerland to India and advanced discussions on more transfers support growth.
2 more points from Dishman Carbogen Amcis Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Dishman Carbogen Amcis Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Ongoing co-investment with a Japanese customer: The second co-investment is expected to be completed during the next calendar year, adding capacity to provide more quantities to the customer.
- External Commercial Borrowing (ECB): Approved by RBI to raise funds at promoter entity level, which will be infused in the Indian entity primarily to prepay high-cost debt and finance future CapEx and working capital requirements.
- CapEx of CHF 4.9 million incurred in Q1 FY27.
2 more points from Dishman Carbogen Amcis Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Dishman Carbogen Amcis Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Order income is picking up, though market pressure continues.
- Several big pharma audits resulted in positive outcomes, leading to acquisition of new projects.
- Over 13 late phase projects, including PPQ campaigns, in portfolio with multiple Phase II projects successfully transformed into late phase programs.
- More RFPs (Requests for Proposals) are being received, indicating increased interest, but revenue translation may extend into next financial year.
- Co-investment with Japanese clients progressing, expected completion next calendar year to provide additional capacity.
- A recent commercial product approval indicates potential for increasing order volumes.
2 more points from Dishman Carbogen Amcis Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Pharmaceuticals & Biotechnology
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Pharmaceuticals & Biotechnology companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹556 Cr | 22.1 | |
| 2 | 40%+ | Up 0–2% | ₹215 Cr | 22.2 | |
| 3 | 40%+ | Flat | ₹16,144 Cr | — | |
| 4 | 40%+ | Flat | ₹6,072 Cr | 48.0 | |
| 5 | 40%+ | Flat | ₹40 Cr | — | |
| 6 | 20–40% | Up 2%+ | ₹50,220 Cr | 43.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Pharmaceuticals & Biotechnology rankingFinancials of Dishman Carbogen Amcis Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Dishman Carbogen Amcis Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 619 | 723 | 587 | 651 | 655 | 524 | 789 | 682 | 716 | 708 | 653 | 720 | 851 |
| Expenses + | 567 | 602 | 526 | 610 | 592 | 495 | 642 | 542 | 564 | 567 | 504 | 607 | 688 |
| Operating Profit | 51 | 122 | 61 | 41 | 63 | 29 | 147 | 140 | 153 | 141 | 149 | 113 | 163 |
| OPM % | 8% | 17% | 10% | 6% | 10% | 6% | 19% | 21% | 21% | 20% | 23% | 16% | 19% |
| Other Income + | -39 | 7 | 5 | 6 | 4 | -4 | 4 | 8 | -4 | 22 | 8 | 7 | 15 |
| Interest | 24 | 28 | 27 | 33 | 31 | 32 | 37 | 49 | 42 | 43 | 42 | 46 | 43 |
| Depreciation | 76 | 70 | 75 | 80 | 85 | 71 | 72 | 72 | 79 | 81 | 84 | 84 | 89 |
| Profit before tax | -88 | 29 | -36 | -66 | -49 | -78 | 42 | 27 | 28 | 39 | 31 | -10 | 46 |
| Tax % | -19% | 42% | 13% | -10% | 42% | 0% | 21% | 83% | -56% | 39% | -114% | 24% | 53% |
| Net Profit + | -71 | 17 | -41 | -60 | -70 | -78 | 33 | 5 | 43 | 23 | 65 | -13 | 22 |
| EPS in Rs | -4.51 | 1.08 | -2.61 | -3.80 | -4.46 | -4.95 | 2.11 | 0.30 | 2.75 | 1.49 | 4.16 | -0.83 | 1.39 |
Financials of Dishman Carbogen Amcis Ltd
Profit & Loss
Annual income statement trend
| Mar 2011 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,031 | 1,714 | 1,695 | 2,059 | 2,044 | 1,912 | 2,141 | 2,413 | 2,616 | 2,712 | 2,932 |
| Expenses + | 830 | 1,261 | 1,249 | 1,507 | 1,540 | 1,638 | 1,809 | 2,081 | 2,329 | 2,243 | 2,366 |
| Operating Profit | 201 | 452 | 445 | 552 | 503 | 274 | 331 | 332 | 286 | 469 | 566 |
| OPM % | 20% | 26% | 26% | 27% | 25% | 14% | 15% | 14% | 11% | 17% | 19% |
| Other Income + | 14 | 26 | 46 | 54 | 39 | 16 | 29 | -20 | 22 | 4 | 52 |
| Interest | 56 | 49 | 49 | 57 | 62 | 48 | 57 | 86 | 120 | 159 | 174 |
| Depreciation | 69 | 214 | 211 | 240 | 283 | 308 | 308 | 281 | 311 | 294 | 339 |
| Profit before tax | 91 | 216 | 231 | 309 | 197 | -65 | -4 | -55 | -122 | 19 | 105 |
| Tax % | 12% | 33% | 33% | 32% | 20% | 154% | -524% | -45% | 26% | 83% | 7% |
| Net Profit + | 80 | 145 | 155 | 210 | 159 | -165 | 18 | -30 | -153 | 3 | 97 |
| EPS in Rs | 9.58 | 13.03 | 10.10 | -10.53 | 1.15 | -1.90 | -9.79 | 0.21 | 6.22 | ||
| Dividend Payout % | 0% | 0% | 0% | 2% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Dishman Carbogen Amcis Ltd
Balance Sheet
Capital structure and asset base
| Mar 2011 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 0.00 | 32 | 32 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 863 | 4,814 | 5,075 | 5,347 | 5,684 | 5,667 | 5,518 | 5,778 | 5,596 | 5,800 | 6,646 |
| Borrowings + | 868 | 950 | 1,095 | 1,042 | 1,357 | 1,589 | 1,830 | 2,209 | 2,313 | 2,389 | 3,076 |
| Other Liabilities + | 334 | 811 | 967 | 899 | 1,121 | 1,068 | 1,255 | 1,421 | 1,631 | 1,766 | 2,170 |
| Total Liabilities | 2,081 | 6,574 | 7,169 | 7,321 | 8,193 | 8,356 | 8,634 | 9,439 | 9,571 | 9,987 | 11,923 |
| Fixed Assets + | 1,012 | 4,852 | 5,066 | 5,098 | 5,678 | 5,698 | 5,773 | 6,188 | 6,724 | 7,055 | 8,371 |
| CWIP | 307 | 133 | 151 | 175 | 234 | 486 | 780 | 1,043 | 646 | 467 | 275 |
| Investments | 1 | 40 | 196 | 167 | 191 | 172 | 324 | 249 | 102 | 97 | 91 |
| Other Assets + | 761 | 1,550 | 1,757 | 1,881 | 2,091 | 2,000 | 1,758 | 1,959 | 2,098 | 2,368 | 3,186 |
| Total Assets | 2,081 | 6,574 | 7,169 | 7,321 | 8,193 | 8,356 | 8,634 | 9,439 | 9,571 | 9,987 | 11,923 |
Financials of Dishman Carbogen Amcis Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2011 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 203 | 303 | 226 | 282 | 585 | 513 | 355 | 266 | 379 | 375 | 491 |
| Cash from Investing Activity + | -231 | -107 | -297 | -169 | -442 | -380 | -619 | -494 | -225 | -196 | -245 |
| Cash from Financing Activity + | 25 | -137 | 78 | -102 | -98 | -11 | 130 | 250 | -22 | -102 | 201 |
| Net Cash Flow | -3 | 59 | 7 | 11 | 46 | 122 | -133 | 22 | 132 | 77 | 447 |
| Free Cash Flow | -37 | 164 | 22 | -26 | 177 | 147 | -101 | -352 | 76 | 160 | 225 |
| CFO/OP | 107% | 92% | 58% | 75% | 131% | 206% | 124% | 90% | 139% | 86% | 88% |
Financials of Dishman Carbogen Amcis Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2011 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 61 | 96 | 79 | 103 | 80 | 81 | 89 | 68 | 90 | 84 |
| Inventory Days | 272 | 473 | 525 | 496 | 462 | 402 | 526 | 568 | 540 | 655 | 910 |
| Days Payable | 172 | 95 | 201 | 176 | 226 | 132 | 158 | 155 | 149 | 168 | 189 |
| Cash Conversion Cycle | 160 | 439 | 419 | 399 | 340 | 350 | 449 | 502 | 458 | 577 | 805 |
| Working Capital Days | -52 | 35 | 44 | 43 | -10 | -2 | -8 | -37 | -148 | -35 | -58 |
| ROCE % | 5% | 6% | 4% | 0% | 1% | 1% | 0% | 2% | 3% |
Guidance history
How Dishman Carbogen Amcis Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | Planned | — |
| Q4 FY26 call → | 10–20% | Flat | None planned | Planned | Rising |
| Q3 FY26 call → | 10–20% | Up 2%+ | Planned | Planned | Rising |
| Q2 FY26 call → | 10–20% | Up 2%+ | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
7 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −49.0% | 5% |
| Last 6 months | −18.4% | 21% |
| Last 3 months | −19.4% | 18% |
The price is 61% below its all-time high of ₹383 (25 Jan 2018). Stocks more than 20% below their peak have their score halved, so 14 became 7.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Dishman Carbogen Amcis Ltd: 0.4 × 5 + 0.4 × 21 + 0.2 × 18 = 14, halved to 7 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Dishman Carbogen Amcis Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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