- #852 Rajendra Vallabhaji Gogri ₹3,500 Cr

About Aarti Pharmalabs Limited
Data last updated:
Aarti Pharmalabs Limited is a public limited company based in Vapi, Gujarat, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 22 November 2019 and has been in existence for over 7 years.
Its director Rajendra Vallabhaji Gogri is #852 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L24100GJ2019PLC110964. Its GSTIN is 24AASCA9722G1ZF (Gujarat). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 543748 and NSE: AARTIPHARM.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹45.34 Cr. It was formerly known as Aarti Organics Limited. It is led by directors including Hetal Gogri Gala (Managing Director) and Narendra Jagannath Salvi (Managing Director).
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No. 22/C/1 & 22/C/2 1st Phase G.I.D.C. Vapi, Gujarat, India – 396195.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,819.44 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹176.79 Cr (net margin 9.7%) and EBITDA of ₹366.42 Cr (EBITDA margin 20.1%). The net worth stands at ₹2,124.61 Cr (up 6.8% YoY). Total assets are valued at ₹2,926.18 Cr (up 21% YoY).
The company has about 2,004 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 1 joint venture.
The company is associated with 2 brands: Aarti Industries and Aarti Pharmalabs. As per MCA filings, the company has open charges of ₹791 Cr and satisfied charges of ₹75 Cr on record. Court records list 11 cases involving the company, including 10 filed by the company and 1 filed against it; 5 cases are pending. The company has 14 deals on record (14 market trades); the latest was in September 2026. Its 9 peer companies in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 5 smaller; the largest is Tianish Laboratories Private Limited with revenue of ₹2,059.53 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aartipharmalabs.com.
Company details
CIN history
Aarti Pharmalabs has one previous CIN (Corporate Identification Number): U24100GJ2019PLC110964. The current CIN is L24100GJ2019PLC110964, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24100GJ2019PLC110964 | Current |
| U24100GJ2019PLC110964 | Previous |
Recognitions & Rankings of Aarti Pharmalabs
Contact details
Aarti Pharmalabs Limited's registered office is in Vapi, Gujarat. Its website is aartipharmalabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 22/C/1 & 22/C/2 1st Phase G.I.D.C. Vapi, Gujarat, India – 396195
- IndustryPharma, API Manufacturers
To see the full contact details of Aarti Pharmalabs Limited, buy the company report.
- 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
Brands
Aarti Pharmalabs operates two associated brands: Aarti Industries and Aarti Pharmalabs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specialty chemicals, pharmaceuticals, and surfactants are manufactured. | aarti-industries.com | |
| Active pharmaceutical ingredients and intermediates are manufactured by Aarti Pharmalabs. | aartipharmalabs.com |
Business activity
The main business activity of Aarti Pharmalabs is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Aarti Pharmalabs Limited, buy the company report.
Financials of Aarti Pharmalabs Limited
FY 2025-26 filings availableAarti Pharmalabs Limited reported revenue of ₹1,819.44 Cr (down 14% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 1,819 | 2,115 | 1,853 | 1,945 | 1,200 | 0.00 |
| Revenue growth | -14.0% | +14.2% | -4.8% | +62.1% | - | - |
| EBITDA | 366 | 466 | 386 | 342 | 207 | 0.00 |
| EBITDA margin | +20.1% | +22.0% | +20.8% | +17.6% | +17.3% | - |
| Profit before tax | 233 | 361 | 300 | 261 | 155 | 0.00 |
| Net profit | 177 | 272 | 216 | 193 | 122 | 0.00 |
| Net profit margin | +9.7% | +12.9% | +11.7% | +9.9% | +10.2% | - |
| EPS (₹) | 19.27 | 30.06 | 23.93 | 21.35 | 4,890.10 | (0.18) |
| Balance sheet | ||||||
| Total assets | 2,926 | 2,419 | 2,048 | 1,779 | 1,726 | 0.25 |
| Net worth | 2,125 | 1,990 | 1,757 | 1,558 | 1,386 | 0.23 |
| Total debt | 754 | 413 | 285 | 215 | 338 | 0.02 |
| Cash & bank | 9.62 | 8.65 | 24.07 | 12.19 | 83.27 | 0.25 |
| Net working capital | 976 | 915 | 849 | 726 | 785 | 0.25 |
| Cash flow | ||||||
| Cash from operations | 262 | 330 | 216 | 250 | (43.70) | 0.00 |
| Cash from investing | (431) | (412) | (215) | (158) | (139) | 0.00 |
| Cash from financing | 171 | 65.43 | 9.72 | (163) | 260 | 0.00 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 610 | 536 | 583 | 432 | 418 | 386 | 564 | 538 |
| Revenue growth (YoY) | +45.9% | +38.7% | +3.4% | -19.6% | -8.7% | -30.5% | - | - |
| Other income | 7.35 | 7.86 | 13.56 | 4.55 | 0.05 | 1.60 | (1.61) | 5.03 |
| EBITDA | 133 | 136 | 113 | 99.51 | 74.07 | 93.45 | 146 | 129 |
| EBITDA margin | +21.8% | +25.4% | +19.4% | +23.0% | +17.7% | +24.2% | +25.8% | +23.9% |
| Depreciation | 30.53 | 30.03 | 28.16 | 28.62 | 24.77 | 22.79 | 22.82 | 23.04 |
| Interest | 14.95 | 12.88 | 16.86 | 12.58 | 10.67 | 6.79 | 6.58 | 9.97 |
| Profit before tax | 94.99 | 101 | 81.67 | 62.86 | 38.68 | 65.47 | 115 | 101 |
| Tax | 23.52 | 24.92 | 20.56 | 14.92 | 10.77 | 15.95 | 26.27 | 26.64 |
| Net profit | 71.47 | 76.14 | 61.11 | 47.94 | 27.91 | 49.52 | 88.35 | 73.99 |
| EPS (₹) | 7.87 | 8.39 | 6.74 | 5.29 | 3.08 | 5.46 | 9.74 | 8.16 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,798 | 1,771 | 1,502 | 1,511 | 941 | 0.00 | 0.00 |
| Revenue growth | +1.5% | +17.9% | -0.6% | +60.6% | - | - | - |
| EBITDA | 370 | 428 | 346 | 308 | 180 | 0.00 | (0.02) |
| EBITDA margin | +20.6% | +24.2% | +23.0% | +20.4% | +19.1% | - | - |
| Profit before tax | 234 | 336 | 275 | 233 | 134 | 0.00 | (0.02) |
| Net profit | 178 | 257 | 201 | 172 | 107 | 0.00 | (0.02) |
| Net profit margin | +9.9% | +14.5% | +13.4% | +11.4% | +11.3% | - | - |
| EPS (₹) | 19.44 | 28.39 | 22.14 | 18.95 | 4,269.05 | (0.18) | (0.75) |
| Balance sheet | |||||||
| Total assets | 2,784 | 2,277 | 1,899 | 1,651 | 1,612 | 0.25 | 0.25 |
| Net worth | 1,982 | 1,844 | 1,621 | 1,439 | 1,284 | 0.23 | 0.23 |
| Total debt | 754 | 411 | 272 | 208 | 327 | 0.00 | 0.00 |
| Cash & bank | 6.62 | 3.52 | 4.43 | 0.37 | 56.50 | 0.25 | 0.25 |
| Net working capital | 984 | 870 | 816 | 697 | 734 | 0.25 | 0.25 |
| Cash flow | |||||||
| Cash from operations | 257 | 339 | 184 | 216 | (64.84) | 0.00 | (0.02) |
| Cash from investing | (425) | (418) | (184) | (116) | (134) | 0.00 | 0.00 |
| Cash from financing | 171 | 78.63 | 4.40 | (157) | 255 | 0.00 | 0.27 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 613 | 535 | 580 | 425 | 417 | 375 | 530 | 471 |
| Revenue growth (YoY) | +46.8% | +42.4% | +9.5% | -9.7% | +10.6% | -4.6% | - | - |
| Other income | 0.47 | 2.93 | 10.53 | (0.37) | 3.15 | 1.60 | (2.51) | 11.94 |
| Total expenses | 478 | 398 | 463 | 325 | 343 | 280 | 386 | 356 |
| EBITDA | 134 | 136 | 117 | 100 | 73.98 | 95.13 | 143 | 115 |
| EBITDA margin | +21.9% | +25.5% | +20.2% | +23.6% | +17.7% | +25.3% | +27.0% | +24.4% |
| Depreciation | 30.53 | 30.03 | 28.16 | 28.62 | 24.77 | 22.76 | 20.83 | 21.04 |
| Interest | 14.95 | 12.87 | 16.86 | 12.58 | 10.66 | 6.79 | 6.29 | 9.70 |
| Profit before tax | 89.28 | 96.23 | 82.58 | 58.58 | 41.70 | 67.18 | 113 | 96.19 |
| Tax | 23.52 | 24.92 | 20.56 | 14.74 | 10.77 | 15.95 | 24.66 | 22.66 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 610 | 536 | 583 | 432 | 418 | 386 | 564 | 538 |
| Revenue growth (YoY) | +45.9% | +38.7% | +3.4% | -19.6% | -8.7% | -30.5% | - | - |
| Other income | 7.35 | 7.86 | 13.56 | 4.55 | 0.05 | 1.60 | (1.61) | 5.03 |
| EBITDA | 133 | 136 | 113 | 99.51 | 74.07 | 93.45 | 146 | 129 |
| EBITDA margin | +21.8% | +25.4% | +19.4% | +23.0% | +17.7% | +24.2% | +25.8% | +23.9% |
| Depreciation | 30.53 | 30.03 | 28.16 | 28.62 | 24.77 | 22.79 | 22.82 | 23.04 |
| Interest | 14.95 | 12.88 | 16.86 | 12.58 | 10.67 | 6.79 | 6.58 | 9.97 |
| Profit before tax | 94.99 | 101 | 81.67 | 62.86 | 38.68 | 65.47 | 115 | 101 |
| Tax | 23.52 | 24.92 | 20.56 | 14.92 | 10.77 | 15.95 | 26.27 | 26.64 |
| Net profit | 71.47 | 76.14 | 61.11 | 47.94 | 27.91 | 49.52 | 88.35 | 73.99 |
| EPS (₹) | 7.87 | 8.39 | 6.74 | 5.29 | 3.08 | 5.46 | 9.74 | 8.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 1,819 | 2,115 | 1,853 | 1,945 | 1,200 | 0.00 |
| Revenue growth | -14.0% | +14.2% | -4.8% | +62.1% | - | - |
| Other income | 17.74 | 8.43 | 4.90 | 2.32 | 2.51 | 0.00 |
| Total expenses | 1,453 | 1,649 | 1,467 | 1,603 | 993 | 0.00 |
| Employee cost | 163 | 149 | 128 | 121 | 79.50 | 0.00 |
| EBITDA | 366 | 466 | 386 | 342 | 207 | 0.00 |
| EBITDA margin | +20.1% | +22.0% | +20.8% | +17.6% | +17.3% | - |
| Depreciation | 104 | 86.90 | 73.24 | 62.54 | 42.12 | 0.00 |
| Interest | 46.90 | 26.90 | 17.21 | 21.05 | 11.96 | 0.00 |
| Profit before tax | 233 | 361 | 300 | 261 | 155 | 0.00 |
| Tax | 58.22 | 88.29 | 83.59 | 67.28 | 33.13 | 0.00 |
| Net profit | 177 | 272 | 216 | 193 | 122 | 0.00 |
| Net profit margin | +9.7% | +12.9% | +11.7% | +9.9% | +10.2% | - |
| EPS (₹) | 19.27 | 30.06 | 23.93 | 21.35 | 4,890.10 | (0.18) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 45.33 | 45.32 | 45.31 | 45.31 | 0.25 | 0.25 |
| Reserves & surplus | 2,079 | 1,945 | 1,712 | 1,513 | 1,341 | (0.02) |
| Shareholders' funds (net worth) | 2,125 | 1,990 | 1,757 | 1,558 | 1,386 | 0.23 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 686 | 396 | 264 | 0.00 | 338 | 0.02 |
| Unsecured loans | 68.73 | 16.76 | 21.15 | 215 | 0.00 | 0.00 |
| Total debt | 754 | 413 | 285 | 215 | 338 | 0.02 |
| Total liabilities | 2,926 | 2,419 | 2,048 | 1,779 | 1,726 | 0.25 |
| Assets | ||||||
| Gross block | 2,135 | 1,796 | 1,609 | 1,431 | 1,225 | 0.00 |
| Net block | 1,437 | 1,137 | 1,033 | 926 | 782 | 0.00 |
| Capital work in progress | 393 | 374 | 137 | 102 | 187 | 0.00 |
| Investments | 194 | 76.80 | 107 | 86.52 | 32.23 | 0.00 |
| Inventories | 640 | 588 | 643 | 602 | 475 | 0.00 |
| Sundry debtors | 583 | 575 | 519 | 450 | 377 | 0.00 |
| Cash & bank balances | 9.62 | 8.65 | 24.07 | 12.19 | 83.27 | 0.25 |
| Loans & advances | 164 | 99.00 | 88.98 | 47.68 | 92.76 | 0.00 |
| Total current assets | 1,397 | 1,271 | 1,275 | 1,112 | 1,028 | 0.25 |
| Total current liabilities | 421 | 355 | 426 | 386 | 243 | 0.00 |
| Net working capital | 976 | 915 | 849 | 726 | 785 | 0.25 |
| Total assets | 2,926 | 2,419 | 2,048 | 1,779 | 1,726 | 0.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 6.73 | 23.63 | 12.12 | 83.27 | 5.33 | 0.25 |
| Net cash from operating activities | 262 | 330 | 216 | 250 | (43.70) | 0.00 |
| Net cash from investing activities | (431) | (412) | (215) | (158) | (139) | 0.00 |
| Net cash from financing activities | 171 | 65.43 | 9.72 | (163) | 260 | 0.00 |
| Net change in cash | 1.80 | (16.90) | 11.51 | (71.15) | 77.94 | 0.00 |
| Closing cash | 9.62 | 8.65 | 24.07 | 12.19 | 83.27 | 0.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | -14.0% | +14.2% | -4.8% | +62.1% | - | - |
| EBITDA growth | -21.4% | +20.7% | +12.9% | +65.3% | - | - |
| PBT growth | -35.4% | +20.0% | +15.2% | +67.8% | +9997.0% | +9997.0% |
| Net income growth | -35.1% | +25.8% | +11.9% | +58.3% | - | - |
| Revenue CAGR (3Y) | -2.2% | +20.8% | - | - | - | - |
| EBITDA CAGR (3Y) | +2.3% | +31.1% | - | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +9.6% | +12.9% | +11.7% | +10.0% | +10.2% | - |
| Return on capital employed | +10.5% | +17.4% | +16.6% | +16.1% | +19.4% | 0.0% |
| Return on net worth | +8.5% | +14.5% | +13.1% | +13.1% | +17.6% | 0.0% |
| Debt / equity | 0.28 | 0.19 | 0.15 | 0.19 | 0.24 | 0.09 |
| Long-term debt / equity | 0.09 | 0.04 | 0.01 | 0.00 | 0.00 | 0.01 |
| Interest cover | 17.90 | 7.09 | 5.50 | 7.53 | 7.26 | - |
| Efficiency & per share | ||||||
| Fixed asset turnover | 0.93 | 1.24 | 1.22 | 1.46 | 1.96 | 0.00 |
| Inventory turnover | 2.96 | 3.44 | 2.98 | 3.61 | 5.05 | 0.00 |
| Debtors turnover | 3.14 | 3.86 | 3.82 | 4.71 | 6.37 | 0.00 |
| EPS (₹) | 19.27 | 30.06 | 23.93 | 21.35 | 4,890.10 | (0.18) |
| Dividend per share (₹) | 3.50 | 5.00 | 3.00 | 2.00 | 0.00 | 0.00 |
| Book value per share (₹) | 234.35 | 219.55 | 193.88 | 171.97 | 53,646.66 | 9.12 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 613 | 535 | 580 | 425 | 417 | 375 | 530 | 471 |
| Revenue growth (YoY) | +46.8% | +42.4% | +9.5% | -9.7% | +10.6% | -4.6% | - | - |
| Other income | 0.47 | 2.93 | 10.53 | (0.37) | 3.15 | 1.60 | (2.51) | 11.94 |
| Total expenses | 478 | 398 | 463 | 325 | 343 | 280 | 386 | 356 |
| EBITDA | 134 | 136 | 117 | 100 | 73.98 | 95.13 | 143 | 115 |
| EBITDA margin | +21.9% | +25.5% | +20.2% | +23.6% | +17.7% | +25.3% | +27.0% | +24.4% |
| Depreciation | 30.53 | 30.03 | 28.16 | 28.62 | 24.77 | 22.76 | 20.83 | 21.04 |
| Interest | 14.95 | 12.87 | 16.86 | 12.58 | 10.66 | 6.79 | 6.29 | 9.70 |
| Profit before tax | 89.28 | 96.23 | 82.58 | 58.58 | 41.70 | 67.18 | 113 | 96.19 |
| Tax | 23.52 | 24.92 | 20.56 | 14.74 | 10.77 | 15.95 | 24.66 | 22.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,798 | 1,771 | 1,502 | 1,511 | 941 | 0.00 | 0.00 |
| Revenue growth | +1.5% | +17.9% | -0.6% | +60.6% | - | - | - |
| Other income | 15.32 | 12.80 | 11.01 | 1.28 | 2.51 | 0.00 | 0.00 |
| Total expenses | 1,427 | 1,343 | 1,156 | 1,203 | 761 | 0.00 | 0.02 |
| Employee cost | 160 | 140 | 120 | 114 | 79.98 | 0.00 | 0.00 |
| EBITDA | 370 | 428 | 346 | 308 | 180 | 0.00 | (0.02) |
| EBITDA margin | +20.6% | +24.2% | +23.0% | +20.4% | +19.1% | - | - |
| Depreciation | 104 | 79.06 | 66.01 | 55.77 | 37.23 | 0.00 | 0.00 |
| Interest | 46.90 | 25.63 | 16.63 | 20.49 | 11.34 | 0.00 | 0.00 |
| Profit before tax | 234 | 336 | 275 | 233 | 134 | 0.00 | (0.02) |
| Tax | 58.04 | 78.99 | 73.88 | 61.63 | 27.00 | 0.00 | 0.00 |
| Net profit | 178 | 257 | 201 | 172 | 107 | 0.00 | (0.02) |
| Net profit margin | +9.9% | +14.5% | +13.4% | +11.4% | +11.3% | - | - |
| EPS (₹) | 19.44 | 28.39 | 22.14 | 18.95 | 4,269.05 | (0.18) | (0.75) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 45.33 | 45.32 | 45.31 | 45.31 | 0.25 | 0.25 | 0.25 |
| Reserves & surplus | 1,937 | 1,799 | 1,576 | 1,393 | 1,239 | (0.02) | (0.02) |
| Shareholders' funds (net worth) | 1,982 | 1,844 | 1,621 | 1,439 | 1,284 | 0.23 | 0.23 |
| Secured loans | 686 | 395 | 251 | 207 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 68.73 | 16.63 | 21.15 | 0.98 | 327 | 0.00 | 0.00 |
| Total debt | 754 | 411 | 272 | 208 | 327 | 0.00 | 0.00 |
| Total liabilities | 2,784 | 2,277 | 1,899 | 1,651 | 1,612 | 0.25 | 0.25 |
| Assets | |||||||
| Gross block | 2,129 | 1,653 | 1,472 | 1,304 | 1,101 | 0.00 | 0.00 |
| Net block | 1,437 | 1,059 | 953 | 848 | 701 | 0.00 | 0.00 |
| Capital work in progress | 393 | 369 | 137 | 102 | 187 | 0.00 | 0.00 |
| Investments | 44.02 | 57.03 | 61.66 | 55.48 | 39.87 | 0.00 | 0.00 |
| Inventories | 636 | 544 | 582 | 538 | 444 | 0.00 | 0.00 |
| Sundry debtors | 587 | 553 | 449 | 372 | 304 | 0.00 | 0.00 |
| Cash & bank balances | 6.62 | 3.52 | 4.43 | 0.37 | 56.50 | 0.25 | 0.25 |
| Loans & advances | 164 | 92.61 | 80.83 | 43.70 | 85.18 | 0.00 | 0.00 |
| Total current assets | 1,393 | 1,193 | 1,116 | 953 | 890 | 0.25 | 0.25 |
| Total current liabilities | 410 | 322 | 300 | 257 | 156 | 0.00 | 0.00 |
| Net working capital | 984 | 870 | 816 | 697 | 734 | 0.25 | 0.25 |
| Total assets | 2,784 | 2,277 | 1,899 | 1,651 | 1,612 | 0.25 | 0.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.84 | 4.00 | 0.30 | 56.50 | 0.25 | 0.25 | 0.00 |
| Net cash from operating activities | 257 | 339 | 184 | 216 | (64.84) | 0.00 | (0.02) |
| Net cash from investing activities | (425) | (418) | (184) | (116) | (134) | 0.00 | 0.00 |
| Net cash from financing activities | 171 | 78.63 | 4.40 | (157) | 255 | 0.00 | 0.27 |
| Net change in cash | 2.70 | (1.16) | 3.70 | (56.20) | 56.25 | 0.00 | 0.25 |
| Closing cash | 6.62 | 3.52 | 4.43 | 0.37 | 56.50 | 0.25 | 0.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1.5% | +17.9% | -0.6% | +60.6% | - | - | - |
| EBITDA growth | -13.6% | +23.7% | +12.3% | +71.5% | - | +100.0% | - |
| PBT growth | -30.4% | +22.5% | +17.6% | +74.5% | +9997.0% | +9997.0% | +9997.0% |
| Net income growth | -30.7% | +28.3% | +16.8% | +61.0% | - | +100.0% | - |
| Revenue CAGR (3Y) | +6.0% | +23.5% | - | - | - | - | - |
| EBITDA CAGR (3Y) | +6.3% | +33.6% | - | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +9.8% | +14.5% | +13.4% | +11.4% | +11.3% | - | - |
| Return on capital employed | +11.1% | +17.3% | +16.4% | +15.6% | +18.0% | 0.0% | 0.0% |
| Return on net worth | +9.2% | +14.9% | +13.1% | +12.6% | +16.6% | 0.0% | 0.0% |
| Debt / equity | 0.30 | 0.20 | 0.16 | 0.20 | 0.25 | 0.01 | 0.01 |
| Long-term debt / equity | 0.09 | 0.04 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest cover | 17.64 | 7.34 | 5.94 | 8.11 | 7.95 | - | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.95 | 1.13 | 1.08 | 1.26 | 1.71 | 0.00 | 0.00 |
| Inventory turnover | 3.05 | 3.15 | 2.68 | 3.08 | 4.24 | 0.00 | 0.00 |
| Debtors turnover | 3.16 | 3.54 | 3.66 | 4.47 | 6.19 | 0.00 | 0.00 |
| EPS (₹) | 19.44 | 28.39 | 22.14 | 18.95 | 4,269.05 | (0.18) | (0.75) |
| Dividend per share (₹) | 3.50 | 5.00 | 3.00 | 2.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 218.66 | 203.44 | 178.92 | 158.74 | 49,558.52 | 9.07 | 9.25 |
To see the full year-wise statements and ratios of Aarti Pharmalabs Limited, buy the company report.
Board of directors of Aarti Pharmalabs Limited
Aarti Pharmalabs has 12 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vilas Gaikar Gajanan | Director | 17 Oct 2022 | 4 Years 0 Months | Current |
| Rupal Anand Vora Also directs: Runwal Developers Limited, Sanathan Textiles Limited, Geecee Ventures Limited and 5 more | Director | 17 Oct 2022 | 4 Years 0 Months | Current |
| Parimal Hasmukhlal Desai Also directs: Pashima Enterprises LLP, Aarti Surfactants Limited, Valiant Organics Limited and 4 more | Director | 17 Oct 2022 | 4 Years 0 Months | Current |
| Hetal Gogri Gala Also directs: Gogri Enterprises Limited Liability Partnership, Genesis Unichem LLP, Rose Peach Commercials LLP and 5 more | Managing Director | 07 Aug 2021 | 5 Years 2 Months | Current |
| Bhavesh Rasiklal Vora | Director | 17 Oct 2022 | 4 Years 0 Months | Current |
| Vinay Gopal Nayak | Director | 17 Oct 2022 | 4 Years 0 Months | Current |
Peer comparison
Aarti Pharmalabs Limited is compared with the 9 companies closest to it by revenue in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tianish Laboratories Private Limited | ₹2,059.53 Cr (FY 2024) | Hyderabad, Telangana, India | ||||
| Pfizer Healthcare India Private Limited | ₹1,981.45 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| MSN Life Sciences Private Limited | ₹1,961.87 Cr (FY 2024) | 54.0% | Hyderabad, Telangana, India | |||
| Hikal Limited | ₹1,864.8 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Morepen Laboratories Limited | ₹1,829.94 Cr (FY 2025) | 7.0% | Himachal Pradesh, India | |||
| Aarti Pharmalabs Limitedthis company | ₹1,819.44 Cr (FY 2026) | ₹176.79 Cr | 9.7% | -14.0% | 2,004 | Vapi, Gujarat, India |
| MSN Pharmachem Private Limited | ₹1,716.51 Cr (FY 2024) | 40.0% | Hyderabad, Telangana, India | |||
| Indoco Remedies Limited | ₹1,670.37 Cr (FY 2025) | -9.0% | Mumbai, Maharashtra, India | |||
| Dishman Pharmaceuticals and Chemicals Limited | ₹1,622.59 Cr (FY 2016) | -3.0% | Ahmedabad, Gujarat, India | |||
| Viyash Scientific Limited | ₹1,566.06 Cr (FY 2025) | 13.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Aarti Pharmalabs Limited, buy the company report.
Auditor
Aarti Pharmalabs Limited is audited by Gokhale & Sathe for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gokhale & Sathe | FY 2024 | 103264W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 42.90%, foreign institutional investors hold 8.20%, domestic institutional investors hold 7.20% and retail and other public shareholders hold 41.70%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 42.90% | 43.10% | 43.10% | 42.90% |
| Public | 57.10% | 56.90% | 56.90% | 57.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Feb 2026 | 101244203 | Others | ₹125 Cr | Open | |
| 29 Jan 2026 | 101241751 | Others | ₹106 Cr | Open | |
| 17 Mar 2025 | 101072057 | Idbi Bank Limited | ₹75 Cr | Open | |
| 08 Sep 2024 | 100995906 | Citi Bank N.A. | ₹70 Cr | Open | |
| 08 Sep 2024 | 100995900 | Citi Bank N.A. | ₹30 Cr | Open |
To see the full charge records of Aarti Pharmalabs Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Aarti Pharmalabs Limited has 14 deals on record (14 market trades); the latest was in September 2026.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹215.84 Cr | Buyer: Microcurves Trading Private Limited , NK Securities Research Private Limited , Qe Securities LLP Seller: Microcurves Trading Private Limited , NK Securities Research Private Limited , Qe Securities LLP |
| Sep 2025 | Market trade | ₹145.81 Cr | Buyer: Vanguard Total International Stock Index Fund, Vanguard Emerging Markets Stock Index Fund A Series Of Vieif, Norges Bank On Account Of The Government Pension Fund Global Seller: Safechem Enterprises Private Limited , an individual |
| Feb 2025 | Market trade | ₹62.99 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Feb 2025 | Market trade | ₹60.41 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Dec 2024 | Market trade | ₹52.41 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Aarti Pharmalabs Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aarti Pharmalabs Limited has 11 court cases on record: 10 filed by Aarti Pharmalabs, 1 filed against it. 5 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 4 |
| High courts | 4 | 1 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Cian Healthcare Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Cian Healthcare Limited and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against an individual | Pending |
| Bombay High Court | Writ petition | Filed against the company by Maharashtra State Electricity Distribution Co Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against M S Hindustan Chemicals Co Through Its Sole Proprietor Mr Majeed Mohammad and 1 other | Pending |
To see the full case history of Aarti Pharmalabs Limited, buy the company report.
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.
MSME payment delays
Aarti Pharmalabs Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| HSV Aditya Glass Line Private Limited |
To see the full MSME payment records of Aarti Pharmalabs Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Aarti Pharmalabs has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Aarti Pharmachem Limited | U24290MH2019PLC333628 |
To see the full group structure of Aarti Pharmalabs Limited, buy the company report.
Employees & EPFO
Aarti Pharmalabs Limited has a workforce of 2,004 employees on its EPFO records as of Apr 06, 2024, across 7 active EPFO establishments.
GST
Aarti Pharmalabs has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AASCA9722G1ZF | Gujarat | Active | 15 Dec 2021 |
| 27AASCA9722G1Z9 | Maharashtra | Active | 02 Dec 2021 |
| 27AASCA9722G2Z8 | Maharashtra | Active | 30 Sep 2022 |
To see the full GST registrations and return filing status of Aarti Pharmalabs Limited, buy the company report.
Recent activity
Aarti Pharmalabs Limited has 18 board changes on record since 2019: 15 appointments and 3 cessations. The latest: Nehal Garewal was appointed as Director on 13 May 2024.
21 earlier events are in the company report.
News
Frequently asked questions
Aarti Pharmalabs is an active public limited company based in Vapi, Gujarat, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 22 November 2019 (7+ years old) and is registered under CIN L24100GJ2019PLC110964. Listed on BSE: 543748 and NSE: AARTIPHARM.
Aarti Pharmalabs reported revenue of ₹1,819.44 Cr for FY 2025-26 (down 14% YoY) based on consolidated financials.
Aarti Pharmalabs has 12 current directors:
- Hetal Gogri Gala - Managing Director
- Narendra Jagannath Salvi - Managing Director
- Vilas Gaikar Gajanan - Director
- Rupal Anand Vora - Director
- Parimal Hasmukhlal Desai - Director
- Bhavesh Rasiklal Vora - Director
- Vinay Gopal Nayak - Director
- Rajendra Vallabhaji Gogri - Director
- Rashesh Chandrakant Gogri - Director
- Jeenal Kenil Savla - Director
- Pradeep Hari Thakur - Director
- Nehal Garewal - Director
The latest financial statements of Aarti Pharmalabs on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Aarti Pharmalabs is 24AASCA9722G1ZF, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AASCA9722G1Z9 (Maharashtra), 27AASCA9722G2Z8 (Maharashtra).
The CIN (Corporate Identification Number) of Aarti Pharmalabs is L24100GJ2019PLC110964. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Aarti Pharmalabs is a listed company as per MCA records. Its shares are listed on both BSE (code: 543748) and NSE (symbol: AARTIPHARM).
Aarti Pharmalabs has 11 court cases on record: 10 filed by the company and 1 filed against it. 5 are pending. Most are in the district courts.
Aarti Pharmalabs was incorporated on 22 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Aarti Pharmalabs has 14 deals on record (14 market trades); the latest was in September 2026.
The peers of Aarti Pharmalabs by revenue are Tianish Laboratories Private Limited, Pfizer Healthcare India Private Limited, MSN Life Sciences Private Limited, Hikal Limited, Morepen Laboratories Limited and 4 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Nehal Garewal was appointed as Director on 13 May 2024. Pradeep Hari Thakur was appointed as Director on 13 May 2024. Bhavesh Rasiklal Vora was appointed as Director on 17 Oct 2022. Aarti Pharmalabs has 18 board changes on record in total.

