अApnaFunda

SAI LIFE SCIENCES LIMITED (SAILIFE)

Health Technology · Pharmaceuticals: Major · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.81 / 100
Profitability 77Balance sheet 86
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.94 / 100
Price 95Earnings 86FII/DII 100

Passes these screensHigh MomentumDebt-light & profitableNear 52-week high

Share price

Closing priceAdjusted for splits and bonus issues.

₹1,836.8 latest close · +46.1% over the last 90 sessions

₹1,200₹1,400₹1,600₹1,800Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹1,200₹1,400₹1,600₹1,800Jul 3Sep 4Nov 9

₹1,836.8 month-end · +107.7% over 12 months

₹1,000₹1,500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹1,000₹1,500Nov '25May '26Nov '26

₹1,836.8 month-end · +144.5% since Dec '24

₹1,000₹1,500Dec '24May '25Sep '25Feb '26Jun '26Nov '26 ₹1,000₹1,500Dec '24Dec '25Nov '26

52-week range ₹783.85 to ₹1897.30 · 1-year volatility 36.2%

Was the rally earned?

+108%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 109 points, but investors now pay less per rupee of profit (P/E 108.4x to 107.3x), which took 1 point back.
  • The share count fell 29%.
Net profit growth: +59 pts. Points of the price return explained by net profit growing (or shrinking).+59 ptsNet profit growthP/E change: −1 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−1 ptsP/E changeShare count change: +50 pts. Points of the price return explained by the share count changing. More shares count against the price.+50 ptsShare count changeShare price: +108%+108%Share priceNet profit growth: +59 pts. Points of the price return explained by net profit growing (or shrinking).+59ProfitP/E change: −1 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−1P/EShare count change: +50 pts. Points of the price return explained by the share count changing. More shares count against the price.+50SharesShare price: +108%+108%Share price
Net profit growth+59 ptsNet profit rose about 49%, which lifts the price.
P/E change-1 ptsThe P/E fell from 108.4x to 107.3x, which lowers the price.
Share count change+50 ptsShare count fell 29%, which lifts the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with SUN PHARMACEUTICAL INDUSTRIES

How rough has the ride been?

Maximum drawdown-18.6%recovered 2026-02
1-year volatility36.2%annualised
Beta vs sector index1.203-year daily, correlation 0.47
Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−10%−20%2026−18.6% 0%−10%−20%2026−18.6%
Largest drawdowns

-18.6% (2026-01 peak to 2026-01 low, recovered 2026-02)

-17.9% (2025-01 peak to 2025-04 low, recovered 2025-07)

-17.1% (2026-09 peak to 2026-10 low, recovered 2026-11)

Most recent volume spikes

2026-11-09: 22.5x the 50-day median, price +5.3% that day

2026-11-06: 30.2x the 50-day median, price +12.0% that day

2026-09-02: 7.4x the 50-day median, price +4.5% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Health Technology peers?

Each cell is the company's percentile rank among its Health Technology peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE71st▲ 25 pts vs a year ago
  • Op. margin83rd▲ 11 pts vs a year ago
  • Revenue growth66th
  • EPS growth89th
  • Debt/equity ↓65th▲ 10 pts vs a year ago
  • Cash cycle ↓99thflat vs a year ago
  • P/E ↓8th▼ 3 pts vs a year ago
  • 12M momentum92nd

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Health Technology sector page Watch it move against Health Technology in the Observatory

What is the price implying?

~52%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 313.4x, a holder earning 12%/yr needs earnings to grow about 51.8%/yr for 10 years, then trade at 15x.

Delivered17.8%/yrEPS, last 8 fiscal years · 3-yr avg to 3-yr avg
Gap+33.9 ptsimplied minus delivered
Rank35thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

-25%16%56% Jun 2024Nov 2026 -25%16%56% Jun 2024Nov 2026

Change the assumptions

Exit P/E / return11%12%13%
12x53.8%55.2%56.6%
15x50.4%51.8%53.1%
20x46.2%47.5%48.8%

Drag a slider to test other assumptions

Implied: 51.8%/yr

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Health Technology The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹1836.80
P/E
107.3x
ROCE
20.0%
Market Cap
₹39015 cr
Revenue (TTM)
₹2249 cr
P/S
17.3x
P/B
15.7x
ROE
14.6%
Operating Margin
27.0%
Debt / Equity
0.1x
Promoter Holding
34.5%
12M Momentum
107.7%

52-week range

₹783.85₹1897.30
95% of the way from its 52-week low to its high

Price risk

1Y volatility
36.2%
Beta vs sector
1-year daily
1.18

Balance sheet & cash

Interest cover
operating profit ÷ interest
14.8x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.80x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 5checks within range1 near a threshold
Other income reliance7%Within range

Other income as a share of pre-tax profit (trailing twelve months): 7.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.80xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.80x (cash from operations ₹1,086 cr, net profit ₹602 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress15% of fixed assetsWithin range

Capital work-in-progress is 15% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, DIIs added 20.8 pts; FIIs added 7.9 pts; promoters trimmed 0.7 pts.
  • The number of shareholders fell from 1.8 lakh to 1.3 lakh (-31%) between Dec 2024 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '24Jun '26Change
Promoters35.2%34.5%-0.7 pts
FIIs11.7%19.6%+7.9 pts
DIIs11.9%32.7%+20.8 pts
Public and others41.1%13.1%-28.0 pts

Number of shareholders

1.3 lakhshareholders-31% since Dec '24
1.1L1.4L1.6L1.8L Dec '24Jun '25Dec '25Jun '26
Dec '24: 1.8 lakh
Mar '25: 1.4 lakh
Jun '25: 1.3 lakh
Sep '25: 1.2 lakh
Dec '25: 1.1 lakh
Mar '26: 1.2 lakh
Jun '26: 1.3 lakh
1.1L1.4L1.6L1.8L Dec '24Jun '25Dec '25Jun '26
Dec '24: 1.8 lakh
Mar '25: 1.4 lakh
Jun '25: 1.3 lakh
Sep '25: 1.2 lakh
Dec '25: 1.1 lakh
Mar '26: 1.2 lakh
Jun '26: 1.3 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−8.2%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like SAI LIFE SCIENCES LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −24% to +4% vs the market, against 0% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −7.9%, 80% range −16.2% to −4.8%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−60%−40%−20%0%+20%+40%+60%+80%
COHANCE · Feb 2025: −78.4% vs market
VAIBHAVGBL · Feb 2021: −51.3% vs market
THERMAX · May 2024: −40.4% vs market
BAYERCROP · Jun 2020: −40.3% vs market
APLLTD · May 2020: −37.3% vs market
BIOCON · Jun 2020: −36.6% vs market
ALKEM · Apr 2020: −33.5% vs market
FLUOROCHEM · Sep 2022: −33.4% vs market
EPL · Jul 2020: −32.8% vs market
POLYMED · Oct 2024: −32.2% vs market
AFFLE · Jun 2025: −29.1% vs market
EMAMILTD · Jan 2021: −24.2% vs market
ORIENTELEC · Feb 2020: −24.2% vs market
IPCALAB · Mar 2020: −23.9% vs market
FORTIS · Sep 2025: −21.0% vs market
INDHOTEL · Dec 2024: −20.2% vs market
DOMS · Mar 2025: −17.9% vs market
SYNGENE · Jul 2020: −16.4% vs market
FINEORG · May 2022: −15.4% vs market
KANSAINER · Mar 2020: −13.7% vs market
BERGEPAINT · Feb 2020: −11.8% vs market
MAXHEALTH · Jun 2025: −11.7% vs market
TRENT · Jan 2020: −11.6% vs market
CHOICEIN · Oct 2025: −8.9% vs market
AARTIIND · Apr 2020: −8.9% vs market
PGHL · Apr 2020: −7.5% vs market
RELAXO · Jan 2020: −6.1% vs market
SUZLON · Jul 2024: −5.7% vs market
INGERRAND · Mar 2023: −5.4% vs market
TASTYBITE · Feb 2020: −4.6% vs market
KPITTECH · May 2023: −4.5% vs market
DATAPATTNS · Jan 2023: −1.6% vs market
PIIND · Apr 2020: −1.1% vs market
MEDANTA · Aug 2025: 0% vs market
LAURUSLABS · May 2021: +0.3% vs market
THYROCARE · Oct 2025: +3.5% vs market
ATUL · Apr 2020: +4.4% vs market
DMART · Jan 2020: +4.4% vs market
NEWGEN · Apr 2024: +4.5% vs market
BALKRISIND · May 2020: +17.1% vs market
SOLARINDS · Dec 2022: +20.8% vs market
JBCHEPHARM · May 2020: +21.7% vs market
ASTRAL · Mar 2020: +27.7% vs market
SHAILY · Aug 2025: +36.1% vs market
NAVINFLUOR · Apr 2020: +36.4% vs market
RADICO · Aug 2025: +46.0% vs market
KAYNES · Feb 2024: +46.2% vs market
ACUTAAS · Jan 2025: +51.2% vs market
VBL · Nov 2022: +54.6% vs market
ATGL · Jan 2021: +251.3% vs market
Similar setups −8.2%All companies −0.3%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 2 beyond the range shown, drawn at the edge

Similar setups' median
−8.2%
All companies' median
−0.3%
Beat the market
32% vs 50%

50 past situations · 50 companies · 30 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
COHANCE
Health Technology
Feb 2025 98x19% +93%−9% −78%
ASTRAL
Producer Manufacturing
Mar 2020 72x23% +1%−24% +28%
IPCALAB
Health Technology
Mar 2020 40x16% +42%−8% −24%
PIIND
Process Industries
Apr 2020 54x25% +52%−1% −1%
RELAXO
Consumer Non-Durables
Jan 2020 104x26% +101%0% −6%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BERGEPAINT
Process Industries
Feb 2020 111x27% +86%−4% −12%
KPITTECH
Technology Services
May 2023 106x24% +101%0% −5%
POLYMED
Health Technology
Oct 2024 102x24% +105%0% −32%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: size, revenue growth and P/E. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to SAI LIFE SCIENCES LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

Process Industries
68%similar
market capROCE
Consumer Non-Durables
67%similar
P/Emarket cap
Electronic Technology
65%similar
ROCEP/E
Health Services
64%similar
operating margindebt/equity
Producer Manufacturing
62%similar
market cappromoter holding
Health Technology
76%similar
promoter holdingrevenue
LAURUS LABSLAURUSLABS
Health Technology
49%similar
P/Epromoter holding
Health Technology
48%similar
operating marginmarket cap

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

12 events since Apr '25

  1. NovPriceVolume reached 30.2x its 50-day median on 2026-11-06; price +12.0% that day.
  2. SepPriceVolume reached 7.4x its 50-day median on 2026-09-02; price +4.5% that day.
  3. JunPeer rankMoved into the 2nd quartile of Health Technology on ROCE (from the 3rd quartile).
  4. MayPriceVolume reached 12.6x its 50-day median on 2026-05-15; price -1.9% that day.
  5. FebPriceVolume reached 17.6x its 50-day median on 2026-02-06; price +4.8% that day.
  6. DecPeer rankMoved into the top quartile of Health Technology on operating margin (from the 2nd quartile).
  7. DecDebtDebt / equity halved over 12 months to 0.17x.
  8. DecSharesShare count is up 16.7% over 12 months.
Show 4 earlier events
  1. SepInstitutionsFII + DII holding rose 12.5 pts over 2 quarters to 36.2%.
  2. SepPeer rankSlipped to the 2nd quartile of Health Technology on operating margin (from the top quartile).
  3. AugPriceVolume reached 115.8x its 50-day median on 2025-08-26; price -5.1% that day.
  4. AprPriceVolume reached 22.4x its 50-day median on 2025-04-15; price +15.2% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history24 months · 2024-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-11107.3x₹2249 cr14.6%20.0%0.1x
2026-1091.0x₹2249 cr14.5%20.0%0.1x
2026-0989.0x₹2249 cr14.5%20.0%0.1x
2026-0888.1x₹2191 cr14.0%20.0%0.1x
2026-0779.4x₹2191 cr14.0%20.0%0.1x
2026-0674.5x₹2191 cr14.0%20.0%0.1x
2026-0573.0x₹2169 cr15.6%14.0%0.2x
2026-0467.3x₹2169 cr15.6%14.0%0.2x
2026-0361.2x₹2169 cr15.6%14.0%0.2x
2026-0272.7x₹2053 cr13.4%14.0%0.2x
2026-0160.8x₹2053 cr13.4%14.0%0.2x
2025-1266.2x₹2053 cr13.4%14.0%0.2x
2025-11108.4x₹1912 cr11.5%14.0%0.2x
2025-10112.5x₹1912 cr11.5%14.0%0.2x
2025-09105.5x₹1912 cr11.5%14.0%0.2x
2025-08101.1x₹1696 cr8.0%14.0%0.2x
2025-0799.1x₹1696 cr8.0%14.0%0.2x
2025-0694.8x₹1696 cr8.0%14.0%0.2x
2025-05—₹1555 cr14.2%11.0%1.0x
2025-04—₹1555 cr14.2%11.0%1.0x
2025-03—₹1555 cr14.2%11.0%1.0x
2025-02—₹1499 cr12.7%11.0%1.0x
2025-01—₹1499 cr12.7%11.0%1.0x
2024-12—₹1499 cr12.7%11.0%1.0x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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