Sanofi India Ltd.

•

₹ 3,352.80.96%

2026-08-21

sanofiindialtd.comBSE: 500674NSE: SANOFI

Market Cap₹ 7,540 Cr.

Current Price₹ 3,321

High / Low₹ 5,291 / 3,054

Stock P/E18.2

Book Value—

Price to Book17.80

Dividend Yield3.76 %

ROCE46.2 %

ROE36.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 59.3%
Company has a good return on equity (ROE) track record: 3 Years ROE 43.2%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.93x)
Company has been maintaining a healthy dividend payout of 65.1%

CONS

Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 57.9% versus prior year
Stock is trading at 17.8x its book value
Recurring exceptional / one-off items are inflating headline profit
Inventory has been piling up - inventory days up from 68 to 103

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

HealthcareHealthcarePharmaceuticals & Drugs

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	SUNPHARMA	1898.00	37.65	455393.78	0.84	2901.23	26.53	15299.88	10.98	19.11	28.81
2.	DIVISLAB	8525.00	77.37	226311.96	0.35	902.00	65.50	3080.00	27.80	21.51	40.75
3.	TORNTPHARM	5013.00	87.43	190678.41	0.76	566.00	3.28	4921.00	57.32	19.27	33.81
4.	CIPLA	1416.00	33.94	114392.01	0.92	785.55	-39.18	7119.28	4.13	16.00	16.73
5.	ZYDUSLIFE	1105.00	24.42	110224.17	0.09	990.20	-34.90	8017.00	23.97	21.39	24.54
6.	LUPIN	2220.00	18.36	101506.15	0.81	1416.98	16.01	8276.89	34.28	28.86	29.59
7.	MANKIND	2391.00	48.34	98747.34	0.04	574.09	29.12	4030.59	12.89	13.24	26.30
8.	DRREDDY	1171.00	30.33	97740.54	0.68	435.60	-69.10	8099.80	-5.21	13.75	10.63
9.	LAURUSLABS	1807.00	89.30	97634.42	0.11	362.07	123.94	2026.31	29.10	18.20	31.50
10.	AUROPHARMA	1615.15	25.03	92932.16	0.25	10320.30	1152.16	91503.50	1062.96	12.76	20.54
11.	BIOCON	414.30	136.32	67518.23	0.12	136.80	53.36	4336.00	10.89	3.26	19.54
12.	SANOFI	3273.95	18.24	7540.11	3.76	91.30	-93.37	514.90	9.74	55.46	26.08

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	515	491	469	732	464	524	515
	393	377	370	514	348	404	397
Operating Profit	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—
Other Income	16	11	9	6	5	2	6
Interest	1	0	0	0	0	0	0
Depreciation	9	9	9	10	9	9	10
	127	115	99	188	92	113	122
Tax %	36.37%	29.67%	29.81%	27.49%	25.95%	27.00%	25.29%
Net Profit	1,229	1,519	1,377	137	1,032	82	91
	53	66	30	59	45	36	40
Equity Capital	23	23	23	23	23	23	23
Reserves	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	23	23	23	23	23	23	23
Reserves	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 515
: 393
Operating Profit: —
OPM %: —
Other Income: 16
Interest: 1
Depreciation: 9
: 127
Tax %: 36.37%
Net Profit: 1,229
: 53
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 491
: 377
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 0
Depreciation: 9
: 115
Tax %: 29.67%
Net Profit: 1,519
: 66
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 469
: 370
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 0
Depreciation: 9
: 99
Tax %: 29.81%
Net Profit: 1,377
: 30
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 732
: 514
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 0
Depreciation: 10
: 188
Tax %: 27.49%
Net Profit: 137
: 59
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 464
: 348
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 0
Depreciation: 9
: 92
Tax %: 25.95%
Net Profit: 1,032
: 45
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 524
: 404
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 0
Depreciation: 9
: 113
Tax %: 27.00%
Net Profit: 82
: 36
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 515
: 397
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 0
Depreciation: 10
: 122
Tax %: 25.29%
Net Profit: 91
: 40
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 23
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2004	Dec 2023	Dec 2024	TTM
	743	1,996	2,013	2,235
	511	1,509	1,523	1,662
Operating Profit	251	549	507	—
OPM %	34	27	25	—
Other Income	20	62	17	20
Interest	0	2	2	2
Depreciation	19	36	37	38
	239	528	431	515
Tax %	35	31	27	27
Net Profit	156	365	314	378
EPS	68	262	180	—
Dividend Payout %	24	64	65	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	68	262	180	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	68	262	180	—

Dec 2004

: 743
: 511
Operating Profit: 251
OPM %: 34
Other Income: 20
Interest: 0
Depreciation: 19
: 239
Tax %: 35
Net Profit: 156
EPS: 68
Dividend Payout %: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 68
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 68

Dec 2023

: 1,996
: 1,509
Operating Profit: 549
OPM %: 27
Other Income: 62
Interest: 2
Depreciation: 36
: 528
Tax %: 31
Net Profit: 365
EPS: 262
Dividend Payout %: 64
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 262
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 262

Dec 2024

: 2,013
: 1,523
Operating Profit: 507
OPM %: 25
Other Income: 17
Interest: 2
Depreciation: 37
: 431
Tax %: 27
Net Profit: 314
EPS: 180
Dividend Payout %: 65
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 180
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 180

TTM

: 2,235
: 1,662
Operating Profit: —
OPM %: —
Other Income: 20
Interest: 2
Depreciation: 38
: 515
Tax %: 27
Net Profit: 378
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: -3%
5 Years:: -17%
3 Years:: -23%
1 Year:: -36%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 43%
Last Year:: 36%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2004	Dec 2023	Dec 2024
LIABILITIES	-	-	-
Equity Capital	23	23	23
	431	924	768
Trade Payables	40	292	406
	111	3,465	3,482
Total Liabilities	606	4,703	4,679
ASSETS	-	-	-
	167	315	312
Capital Work in Progress	3	13	18
	111	664	500
	93	132	230
Cash & Bank	180	406	295
	51	3,173	3,324
Total Assets	606	4,703	4,679
Total Debt	20	0	0
Net Working Capital	305	597	408
Contingent Liabilities	125	291	291
Book Value per Share	189.40	411.70	343.96
Face Value	10.00	10.00	10.00
Total Debt	20	0	0
Net Working Capital	305	597	408
Contingent Liabilities	125	291	291
Book Value per Share	189.40	411.70	343.96
Face Value	10.00	10.00	10.00

Dec 2004

Equity Capital: 23
: 431
Trade Payables: 40
: 111
Total Liabilities: 606
: 167
Capital Work in Progress: 3
: 111
: 93
Cash & Bank: 180
: 51
Total Assets: 606
Total Debt: 20
Net Working Capital: 305
Contingent Liabilities: 125
Book Value per Share: 189.40
Face Value: 10.00
Total Debt: 20
Net Working Capital: 305
Contingent Liabilities: 125
Book Value per Share: 189.40
Face Value: 10.00

Dec 2023

Equity Capital: 23
: 924
Trade Payables: 292
: 3,465
Total Liabilities: 4,703
: 315
Capital Work in Progress: 13
: 664
: 132
Cash & Bank: 406
: 3,173
Total Assets: 4,703
Total Debt: 0
Net Working Capital: 597
Contingent Liabilities: 291
Book Value per Share: 411.70
Face Value: 10.00
Total Debt: 0
Net Working Capital: 597
Contingent Liabilities: 291
Book Value per Share: 411.70
Face Value: 10.00

Dec 2024

Equity Capital: 23
: 768
Trade Payables: 406
: 3,482
Total Liabilities: 4,679
: 312
Capital Work in Progress: 18
: 500
: 230
Cash & Bank: 295
: 3,324
Total Assets: 4,679
Total Debt: 0
Net Working Capital: 408
Contingent Liabilities: 291
Book Value per Share: 343.96
Face Value: 10.00
Total Debt: 0
Net Working Capital: 408
Contingent Liabilities: 291
Book Value per Share: 343.96
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2004	Dec 2023	Dec 2024
	85	230	462
Cash from Investing	2	38	-19
Cash from Financing	-42	-878	-392
	45	-610	50
Free Cash Flow	85	-25	433
OCF / Net Profit	0.54	0.63	1.47
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.54	0.63	1.47
Cumulative 5-Year FCF	0	0	0

Dec 2004

: 85
Cash from Investing: 2
Cash from Financing: -42
: 45
Free Cash Flow: 85
OCF / Net Profit: 0.54
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.54
Cumulative 5-Year FCF: 0

Dec 2023

: 230
Cash from Investing: 38
Cash from Financing: -878
: -610
Free Cash Flow: -25
OCF / Net Profit: 0.63
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.63
Cumulative 5-Year FCF: 0

Dec 2024

: 462
Cash from Investing: -19
Cash from Financing: -392
: 50
Free Cash Flow: 433
OCF / Net Profit: 1.47
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.47
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2004	Dec 2023	Dec 2024
PER SHARE	-	-	-
EPS (₹)	67.71	262.13	179.70
Book Value (₹)	189.40	411.70	343.96
Dividend per Share (₹)	16.00	167.00	117.00
Cash EPS (₹)	75.86	174.39	152.35
PROFITABILITY	-	-	-
Operating Margin %	28.98%	23.50%	23.76%
Net Margin %	19.54%	17.59%	15.20%
ROE %	40.83%	52.72%	36.10%
ROCE %	59.81%	72.06%	46.16%
	28.32%	13.74%	6.69%
EFFICIENCY	-	-	-
Debtor Days	32	20	32
Inventory Days	47	68	103
Payable Days	47	64	130
	32	24	5
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.05x	0.00x	0.00x
Interest Coverage (x)	2369.71x	311.88x	288.60x
	3.33x	1.24x	1.16x
GROWTH	-	-	-
Revenue Growth %	13.11%	168.75%	0.86%
Operating Profit Growth %	49.36%	118.63%	-7.58%
Net Profit Growth %	49.13%	133.79%	-13.96%
	49.13%	287.11%	-31.45%
VALUATION	-	-	-
P/E (x)	19.51x	30.78x	34.06x
P/B (x)	6.97x	19.59x	17.80x
Dividend Yield %	1.21%	2.07%	1.91%
	11.48x	33.06x	27.17x

Dec 2004

EPS (₹): 67.71
Book Value (₹): 189.40
Dividend per Share (₹): 16.00
Cash EPS (₹): 75.86
Operating Margin %: 28.98%
Net Margin %: 19.54%
ROE %: 40.83%
ROCE %: 59.81%
: 28.32%
Debtor Days: 32
Inventory Days: 47
Payable Days: 47
: 32
Debt to Equity (x): 0.05x
Interest Coverage (x): 2369.71x
: 3.33x
Revenue Growth %: 13.11%
Operating Profit Growth %: 49.36%
Net Profit Growth %: 49.13%
: 49.13%
P/E (x): 19.51x
P/B (x): 6.97x
Dividend Yield %: 1.21%
: 11.48x

Dec 2023

EPS (₹): 262.13
Book Value (₹): 411.70
Dividend per Share (₹): 167.00
Cash EPS (₹): 174.39
Operating Margin %: 23.50%
Net Margin %: 17.59%
ROE %: 52.72%
ROCE %: 72.06%
: 13.74%
Debtor Days: 20
Inventory Days: 68
Payable Days: 64
: 24
Debt to Equity (x): 0.00x
Interest Coverage (x): 311.88x
: 1.24x
Revenue Growth %: 168.75%
Operating Profit Growth %: 118.63%
Net Profit Growth %: 133.79%
: 287.11%
P/E (x): 30.78x
P/B (x): 19.59x
Dividend Yield %: 2.07%
: 33.06x

Dec 2024

EPS (₹): 179.70
Book Value (₹): 343.96
Dividend per Share (₹): 117.00
Cash EPS (₹): 152.35
Operating Margin %: 23.76%
Net Margin %: 15.20%
ROE %: 36.10%
ROCE %: 46.16%
: 6.69%
Debtor Days: 32
Inventory Days: 103
Payable Days: 130
: 5
Debt to Equity (x): 0.00x
Interest Coverage (x): 288.60x
: 1.16x
Revenue Growth %: 0.86%
Operating Profit Growth %: -7.58%
Net Profit Growth %: -13.96%
: -31.45%
P/E (x): 34.06x
P/B (x): 17.80x
Dividend Yield %: 1.91%
: 27.17x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.40	60.40	60.40	60.40	60.40	60.40	60.40	60.40	60.40
	5.81	5.78	5.64	5.58	5.61	5.57	5.55	5.65	5.69
	22.60	22.62	22.71	23.02	23.06	22.28	21.30	21.12	19.87
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	11.20	11.20	11.26	11.01	10.94	11.75	12.74	12.83	14.05

Jun 2024

: 60.40
: 5.81
: 22.60
Government: 0.00
: 11.20

Sep 2024

: 60.40
: 5.78
: 22.62
Government: 0.00
: 11.20

Dec 2024

: 60.40
: 5.64
: 22.71
Government: 0.00
: 11.26

Mar 2025

: 60.40
: 5.58
: 23.02
Government: 0.00
: 11.01

Jun 2025

: 60.40
: 5.61
: 23.06
Government: 0.00
: 10.94

Sep 2025

: 60.40
: 5.57
: 22.28
Government: 0.00
: 11.75

Dec 2025

: 60.40
: 5.55
: 21.30
Government: 0.00
: 12.74

Mar 2026

: 60.40
: 5.65
: 21.12
Government: 0.00
: 12.83

Jun 2026

: 60.40
: 5.69
: 19.87
Government: 0.00
: 14.05

Documents

Announcements

General Updates
2026-08-13 - Please find enclosed intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
General Updates
2026-08-11 - Please find enclosed intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
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Mar 2026
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Feb 2026
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