Business Support · Founded 1990 · www.transgenebiotek.com · BSE 526139 · · ISIN INE773D01018
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Business
Transgene Biotek Ltd. was historically engaged in research and development, manufacturing, and marketing of biopharmaceutical products, diagnostics, and contract research services within the biotechnology and pharmaceutical sectors. However, the company has faced significant operational and financial challenges over the years. Its current active business operations classified as "Business Support" are not clearly defined or widely reported. It appears to primarily manage residual assets, intellectual property, or undergo restructuring/litigation rather than actively providing traditional business support services. Revenue generation, if any, is likely minimal and sporadic, possibly from legacy licensing agreements or non-core activities rather than a robust, active business model.
Revenue Mix
Detailed breakdown of major business segments and their contribution is not publicly available or significant for Transgene Biotek Ltd. Given its current operational status and financial distress, it does not report distinct, active revenue-generating segments. Any revenue is likely to be incidental to its past operations or related to asset management/disposition.
Industry
Given its history, Transgene Biotek Ltd. operated in the highly competitive biotechnology and pharmaceutical industry, focusing on R&D and product development. However, its current classification as "Business Support" is broad and potentially a reflection of its severely diminished operational profile. It is not considered an active or significant player in any established industry sector in India today. Its market positioning is effectively non-existent compared to active, revenue-generating peers in either biotech or traditional business support services.
MOAT
Transgene Biotek Ltd. currently possesses no discernible durable competitive advantages or "moats." While it may have held intellectual property (patents, research data) from its past biotech endeavors, the value and enforceability of these assets are questionable without active R&D, commercialization efforts, or a strong financial backing. There is no evidence of brand strength, economies of scale, network effects, or high switching costs associated with its current activities.
Growth Drivers
Identifying clear growth drivers for Transgene Biotek Ltd. is challenging due to its distressed operational status. Potential, albeit highly speculative, "drivers" might include:
Successful Resolution of Financial/Legal Issues: A comprehensive restructuring or settlement of its legacy financial and legal challenges could clear the path for future activity.
Monetization of Legacy IP: A successful licensing or sale of its historical intellectual property (if any still holds significant value and is unencumbered).
Significant Strategic Pivot: A complete overhaul of its business model and securing substantial new investment, which appears highly unlikely in its current state.
Risks
Transgene Biotek Ltd. faces a multitude of severe risks:
Operational Stagnation: Lack of clear, active revenue-generating operations.
Financial Distress: Significant past financial losses, debt, and funding challenges.
Regulatory & Compliance Issues: History of regulatory scrutiny and non-compliance, leading to trading restrictions and delisting from major exchanges (NSE). Its shares are in the "T" group on BSE, indicating trade-to-trade settlement due to surveillance measures.
Corporate Governance Concerns: Past issues related to management and governance, leading to investor distrust.
Liquidity & Market Access: Limited liquidity for its stock due to trading restrictions and minimal investor interest.
Legal & Litigation Risks: Ongoing or potential legal disputes related to its past operations, financial obligations, or assets.
Asset Deterioration: Value of any remaining physical or intellectual assets may have diminished over time due to lack of investment or active management.
Management & Ownership
Information regarding the current active management team and their operational strategy is sparse. Historically, the company was promoted by individuals involved in the biotech sector. Due to its prolonged financial and operational difficulties, the current management's focus is likely on addressing legacy issues, financial restructuring, or compliance rather than active business growth. The ownership structure likely includes promoter holdings, but institutional interest is expected to be minimal given the company's precarious status.
Outlook
The outlook for Transgene Biotek Ltd. is highly challenging and uncertain.
Bear Case: Without a clear operational strategy, significant capital infusion, and resolution of its severe legacy issues, the company is likely to remain largely dormant, with minimal or no revenue generation. Further deterioration of its financial position, continued regulatory non-compliance, or eventual delisting from the remaining exchange are significant possibilities.
Bull Case: This would require an extraordinary turnaround, possibly involving a complete overhaul of its business model, successful monetization of latent assets, a comprehensive restructuring of its liabilities, and securing new, substantial strategic investments. However, there is currently no publicly available information to suggest such a turnaround is imminent or even actively pursued in a material way. The probability of the bear case significantly outweighs the bull case based on current public information.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | 0 | -0 | -0 | -1 | -0 | -0 | -0 | -0 | -0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | 0 | -0 | -0 | -1 | -0 | -0 | -0 | -0 | -0 |
| Adjustments | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | 0 | -0 | -0 | -1 | -0 | -0 | -0 | -0 | -0 |
| Adjusted Earnings Per Share | -0 | 0 | -0 | -0 | -0.1 | -0.1 | -0.1 | -0 | -0.1 | -0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 1 | 7 | 2 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Total Income | 0 | 0 | 1 | 7 | 2 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Total Expenditure | 2 | 1 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Operating Profit | -2 | -1 | -2 | 5 | 1 | -1 | -0 | -0 | -0 | -0 | -0 | 0 |
| Interest | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 17 | 21 | 18 | 10 | 10 | 10 | 10 | 10 | 5 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -19 | -22 | -20 | -6 | -9 | -11 | -10 | -10 | -6 | -1 | -1 | 0 |
| Provision for Tax | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -19 | -22 | -20 | -6 | -9 | -11 | -10 | -10 | -6 | -1 | -1 | 0 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -19 | -22 | -20 | -6 | -9 | -11 | -10 | -10 | -6 | -1 | -1 | 0 |
| Adjusted Earnings Per Share | -2.5 | -2.8 | -2.6 | -0.8 | -1.2 | -1.4 | -1.4 | -1.4 | -0.8 | -0.1 | -0.1 | -0.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | 0% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -41% | -14% | -8% | -1% |
| ROE Average | -7% | -18% | -29% | -22% |
| ROCE Average | -2% | -8% | -17% | -15% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 191 | 174 | 59 | 52 | 44 | 33 | 22 | 17 | 11 | 11 | 10 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 6 | 6 | 5 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 6 |
| Other Non-Current Liabilities | 121 | 121 | 122 | 116 | 116 | 116 | 116 | 116 | 116 | 115 | 115 |
| Total Current Liabilities | 25 | 11 | 12 | 14 | 13 | 14 | 14 | 9 | 10 | 11 | 13 |
| Total Liabilities | 344 | 313 | 198 | 187 | 177 | 167 | 157 | 147 | 142 | 142 | 144 |
| Fixed Assets | 163 | 141 | 61 | 51 | 41 | 31 | 21 | 11 | 6 | 6 | 8 |
| Other Non-Current Assets | 162 | 169 | 136 | 135 | 135 | 135 | 135 | 135 | 135 | 135 | 135 |
| Total Current Assets | 18 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Assets | 344 | 313 | 198 | 187 | 177 | 167 | 157 | 147 | 142 | 142 | 144 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 4 | 6 | 0 | -1 | -2 | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow from Investing Activities | -5 | -6 | 0 | 3 | 2 | 0 | -0 | -0 | -0 | 0 | -2 |
| Cash Flow from Financing Activities | 1 | -0 | -0 | -2 | 0 | -0 | 0 | 0 | 0 | 0 | 1 |
| Net Cash Inflow / Outflow | -0 | -0 | 0 | 0 | -0 | -0 | -0 | 0 | -0 | 0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -2.53 | -2.84 | -2.62 | -0.85 | -1.16 | -1.45 | -1.38 | -1.37 | -0.79 | -0.09 | -0.09 |
| CEPS(Rs) | -0.26 | -0.14 | -0.31 | 0.46 | 0.15 | -0.14 | -0.07 | -0.06 | -0.14 | -0.07 | -0.08 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 25.26 | 23.02 | 7.77 | 6.92 | 5.76 | 4.31 | 2.94 | 2.29 | 1.5 | 1.41 | 1.32 |
| Core EBITDA Margin(%) | -512.51 | -623.14 | -910.9 | -1779.18 | -944.2 | 0 | -308.13 | -531.84 | -1107.62 | -258.11 | -430.19 |
| EBIT Margin(%) | -5964.98 | 0 | -6917.57 | -3909.37 | 0 | 0 | -5994.44 | 0 | -9773.14 | -219.63 | -165.4 |
| Pre Tax Margin(%) | -6079.27 | 0 | -7071.71 | -4780.29 | 0 | 0 | -6154.34 | 0 | 0 | -279.05 | -259.34 |
| PAT Margin (%) | -6079.27 | 0 | -7071.71 | -5445.11 | 0 | 0 | -6154.34 | 0 | 0 | -279.05 | -259.34 |
| Cash Profit Margin (%) | -621.08 | -570.7 | -830.89 | 2920.41 | 1545.27 | 0 | -310.61 | -550.95 | -1921.05 | -239.76 | -223.59 |
| ROA(%) | -5.45 | -6.56 | -7.77 | -3.35 | -4.84 | -6.39 | -6.45 | -6.84 | -4.15 | -0.46 | -0.47 |
| ROE(%) | -9.63 | -11.78 | -17.03 | -11.57 | -18.31 | -28.73 | -38 | -52.51 | -41.8 | -5.94 | -6.52 |
| ROCE(%) | -8.84 | -10.85 | -14.68 | -6.74 | -14.83 | -22.1 | -26.55 | -32.32 | -19.99 | -2.1 | -1.75 |
| Receivable days | 0 | 0 | 1071.57 | 34.58 | 43.24 | 862.22 | 18.18 | 35.56 | 55.8 | 13.05 | 11.76 |
| Inventory Days | 80.24 | 132.26 | 85 | 165.92 | 187.35 | 3548.64 | 63.44 | 242.36 | 425.35 | 52.6 | 47.53 |
| Payable days | 0 | 0 | 0 | 4078.63 | 4527.45 | 8270.2 | 1857.7 | -1746.92 | 1187.7 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0.08 | 0.08 | 0.23 | 0.3 | 0.69 | 0.7 | 1.56 | 1.57 | 1.66 | 5.76 | 2.53 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 91.71 | 159.15 | 105.36 | 216.37 | 551.86 | 9256.18 | 271.36 | 453.84 | 580.33 | 322.14 | 151.97 |
| EV/Core EBITDA(x) | -18.1 | -30 | -15.57 | 4.86 | 28.83 | -48.35 | -180.05 | -158.3 | -73.53 | -178.64 | -117.21 |
| Net Sales Growth(%) | -67.92 | -42.33 | 54.7 | -57.9 | -39.71 | -94.98 | 4642.12 | -48.87 | -36.44 | 326.32 | 10.98 |
| EBIT Growth(%) | 85.93 | -14.32 | 9.49 | 76.21 | -84.53 | -24.05 | 3.95 | -0.09 | 47.07 | 90.42 | 16.42 |
| PAT Growth(%) | 85.66 | -12.56 | 7.79 | 67.58 | -36.57 | -24.67 | 4.81 | 0.31 | 42.24 | 89.09 | -3.14 |
| EPS Growth(%) | 85.66 | -12.56 | 7.79 | 67.58 | -36.57 | -24.68 | 4.81 | 0.32 | 42.23 | 89.09 | -3.12 |
| Debt/Equity(x) | 0.08 | 0.09 | 0.27 | 0.19 | 0.21 | 0.32 | 0.51 | 0.69 | 1.15 | 1.31 | 1.45 |
| Current Ratio(x) | 0.72 | 0.31 | 0.07 | 0.06 | 0.05 | 0.05 | 0.05 | 0.08 | 0.1 | 0.1 | 0.1 |
| Quick Ratio(x) | 0.72 | 0.3 | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.07 | 0.1 | 0.1 | 0.1 |
| Interest Cover(x) | -52.19 | -293.63 | -44.88 | -4.49 | -32.42 | -27.78 | -37.49 | -44.4 | -8.64 | -3.7 | -1.76 |
| Total Debt/Mcap(x) | 1 | 1.12 | 1.17 | 0.62 | 0.3 | 0.45 | 0.33 | 0.44 | 0.7 | 0.23 | 0.57 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 |
| Others | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 |
| Others | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 |
| Total | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | — | — | — | — |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | -41% | -14% | -8% | -1% |
| ROE Average | -7% | -18% | -29% | -22% |
| ROCE Average | -2% | -8% | -17% | -15% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 | 21.68 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 | 70.04 |
| Others | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 | 1.64 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 | 5.31 |
| Others | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 |
| Total | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 | 7.58 |
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