Navkar Formulation Pvt Ltd
About Navkar Formulation Pvt Ltd
Data last updated:
Navkar Formulation Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the ayurvedic products and services segment of the healthcare sector. It was incorporated on 19 April 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1995PTC025513.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.02 Lakh. It is led by directors Jayesh Bhogilal Shah (Managing Director) and Harsha Jayeshbhai Shah.
Its last annual general meeting (AGM) was held on 27 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 114 Medicine Marketnr Paldi Bus Stop Paldi, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2019, the company reported a revenue of ₹16.64 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹52,902 (net margin 3.2%) and EBITDA of ₹71,483 (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered Address114 Medicine Marketnr Paldi Bus Stop Paldi, Ahmedabad, Gujarat, India – 380006
- IndustryHealthcare, Ayurvedic Products & Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Financials of Navkar Formulation Pvt Ltd FY 2019 filings available
Navkar Formulation Pvt Ltd reported revenue of ₹16.64 Lakh (up 1% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Navkar Formulation Pvt Ltd
Revenue has grown at a compounded annual rate (CAGR) of 11% over three years, including 1% growth in the latest year. EBITDA rose 742% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Navkar Formulation Pvt Ltd
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹71,483 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹52,902 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Navkar Formulation Pvt Ltd
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Navkar Formulation are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Navkar Formulation Pvt Ltd
Navkar Formulation has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayesh Bhogilal Shah | Managing Director | 19 Apr 1995 | 31 Years 6 Months | Current |
| Harsha Jayeshbhai Shah | Director | 19 Apr 1995 | 31 Years 6 Months | Current |
Peer Comparison of Navkar Formulation Pvt Ltd
Navkar Formulation Pvt Ltd is compared with the companies closest to it by revenue in the Healthcare industry (Ayurvedic Products and Services, Formulations, Pharma Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ritz Pharmaceutical and Foods Products Private Limited | ₹16.68 Lakh (FY 2025) | •••• | •••• | -41.0% | •••• | Uttar Prdesh, Uttar Pradesh, India |
| Virgo Welltrade Private Limited | ₹16.66 Lakh (FY 2024) | •••• | •••• | -37.0% | •••• | Ahmedabad, Gujarat, India |
| Malola Biologicals Private Limited | ₹16.64 Lakh (FY 2018) | •••• | •••• | 84.0% | •••• | Chennai, Tamil Nadu, India |
| Amaresha Pharmaceuticals Private Limited | ₹16.64 Lakh (FY 2024) | •••• | •••• | 13.0% | •••• | Chennai, Tamil Nadu, India |
| Agrawal Medicaments Private Limited | ₹16.64 Lakh (FY 2024) | •••• | •••• | -28.0% | •••• | Margao, Goa, India |
| Navkar Formulation Pvt Ltd this company | ₹16.64 Lakh (FY 2019) | •••• | •••• | 1.0% | •••• | Ahmedabad, Gujarat, India |
| Apex Wellness Medipharma Private Limited | ₹16.61 Lakh (FY 2024) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Relax Health Care Private Limited | ₹16.6 Lakh (FY 2025) | •••• | •••• | 52.0% | •••• | Pratapgarh, Uttar Pradesh, India |
| Chembricks Laboratories Private Limited | ₹16.58 Lakh (FY 2024) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Napsko Healthcare Private Limited | ₹16.56 Lakh (FY 2024) | •••• | •••• | -46.0% | •••• | New Delhi, Delhi, India |
| Wisteria Pharma Private Limited | ₹16.55 Lakh (FY 2022) | •••• | •••• | 721.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Navkar Formulation by revenue in the Healthcare industry (Ayurvedic Products and Services, Formulations, Pharma Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Navkar Formulation Pvt Ltd
Navkar Formulation Pvt Ltd does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Navkar Formulation Pvt Ltd
Navkar Formulation Pvt Ltd has 1 court case on record: 1 filed by Navkar Formulation. All case is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against an individual | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Navkar Formulation Pvt Ltd
Employment history and EPFO contributions of people linked to Navkar Formulation.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Navkar Formulation Pvt Ltd
Navkar Formulation Pvt Ltd has 2 board changes on record since 1995: 2 appointments. The latest: Harsha Jayeshbhai Shah was appointed as Director on 19 Apr 1995.
Credit Ratings, Litigation & Regulatory Alerts for Navkar Formulation Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Navkar Formulation Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Navkar Formulation Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Navkar Formulation Pvt Ltd
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Navkar Formulation Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Navkar Formulation Pvt Ltd
Navkar Formulation is an active private limited company based in Ahmedabad, Gujarat, India. The company works in ayurvedic products and services, within the healthcare industry. It was incorporated on 19 April 1995 (31+ years old) and is registered under CIN U24231GJ1995PTC025513.
Navkar Formulation reported revenue of ₹16.64 Lakh for FY 2019 (up 1% YoY).
Navkar Formulation has 2 current directors:
- Jayesh Bhogilal Shah - Managing Director
- Harsha Jayeshbhai Shah - Director
Navkar Formulation reported a net profit of ₹52,902 (net margin 3.2%) and EBITDA of ₹71,483 (EBITDA margin 4.3%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Navkar Formulation is 11% over three years. In the latest year (FY 2019) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Navkar Formulation is U24231GJ1995PTC025513. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Navkar Formulation has 1 court case on record: 1 filed by the company.
Navkar Formulation was incorporated on 19 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Navkar Formulation by revenue are Ritz Pharmaceutical and Foods Products Private Limited, Virgo Welltrade Private Limited, Malola Biologicals Private Limited, Amaresha Pharmaceuticals Private Limited, Agrawal Medicaments Private Limited and 5 more, all in the Healthcare industry (Ayurvedic Products and Services, Formulations, Pharma Retail and Distribution).
Harsha Jayeshbhai Shah was appointed as Director on 19 Apr 1995. Jayesh Bhogilal Shah was appointed as Managing Director on 19 Apr 1995.
The registered office of Navkar Formulation is at 114 Medicine Marketnr Paldi Bus Stop Paldi, Ahmedabad, Gujarat, India – 380006.