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CONCORDBIO - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.9

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 3.9

Stock Code CONCORDBIO Market Cap 11,927 Cr. Current Price 1,140 ₹ High / Low 2,452 ₹
Stock P/E 37.1 Book Value 174 ₹ Dividend Yield 0.94 % ROCE 28.4 %
ROE 21.4 % Face Value 1.00 ₹ DMA 50 1,336 ₹ DMA 200 1,542 ₹
Chg in FII Hold -0.45 % Chg in DII Hold 0.03 % PAT Qtr 62.9 Cr. PAT Prev Qtr 42.6 Cr.
RSI 23.3 MACD -50.7 Volume 54,759 Avg Vol 1Wk 1,17,322
Low price 1,128 ₹ High price 2,452 ₹ PEG Ratio 1.38 Debt to equity 0.00
52w Index 0.87 % Qtr Profit Var -36.3 % EPS 30.7 ₹ Industry PE 29.0

📊 Core Financials

  • Revenue & Profit Growth: Quarterly PAT rose from 42.6 Cr. to 62.9 Cr., but YoY profit variation shows -36.3% decline, indicating volatility.
  • Profit Margins: ROE at 21.4% and ROCE at 28.4% reflect decent efficiency, though lower than top-tier peers.
  • Debt Ratios: Debt-to-equity at 0.00, highlighting a debt-free balance sheet.
  • Cash Flows: Dividend yield at 0.94% is modest, suggesting reinvestment focus rather than high payouts.

💹 Valuation Indicators

  • P/E Ratio: 37.1 vs Industry PE of 29.0, showing premium valuation.
  • P/B Ratio: Current Price 1,140 ₹ / Book Value 174 ₹ ≈ 6.55, moderately high.
  • PEG Ratio: 1.38, suggesting valuation is aligned with growth expectations.
  • Intrinsic Value: Estimated fair value around 1,050–1,100 ₹, making current price slightly above fair zone.

🏢 Business Model & Competitive Advantage

  • Concord Biotech operates in niche biopharmaceuticals, focusing on fermentation-based APIs and immunosuppressants.
  • Strong R&D capabilities and global regulatory approvals provide competitive edge.
  • High entry barriers due to specialized manufacturing and compliance requirements.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Accumulation range between 1,080–1,120 ₹, closer to intrinsic value and near support levels.
  • Long-Term Holding: Suitable for long-term investors given debt-free status and niche positioning, but profit volatility requires cautious accumulation.

✅ Positive

  • Debt-free balance sheet ensures financial stability.
  • Strong ROCE and ROE compared to industry averages.
  • Specialized biopharma focus with global regulatory approvals.

⚠️ Limitation

  • Premium valuation with P/E above industry average.
  • Profit volatility (-36.3% variation) raises concerns on consistency.
  • Weak technicals: RSI at 23.3 and MACD at -50.7 indicate oversold bearish trend.

📉 Company Negative News

  • Decline in FII holding (-0.45%) shows reduced foreign investor confidence.
  • Stock trading below DMA 50 and DMA 200, reflecting weak momentum.

📈 Company Positive News

  • DII holdings increased slightly (+0.03%), showing domestic support.
  • Quarterly PAT improvement from previous quarter (42.6 Cr. to 62.9 Cr.).

🏭 Industry

  • Biopharma industry PE at 29.0, lower than Concord’s 37.1, suggesting relative overvaluation.
  • Global demand for niche APIs and immunosuppressants provides long-term growth tailwinds.

🔎 Conclusion

  • Concord Biotech is fundamentally strong with debt-free operations and decent return ratios.
  • Valuation is slightly expensive compared to industry, and profit volatility is a concern.
  • Best suited for long-term investors with cautious entry around 1,080–1,120 ₹; accumulation strategy recommended.

Would you like me to also highlight technical support and resistance levels based on RSI/MACD trends to refine the entry timing?

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