About Bilcare
Bilcare is a publicly listed company based in Pune (India) founded in 1993 by Mohan Bhandari, and was acquired by Lindsay Goldberg in September 2019. Pharmaceutical packaging, clinical supplies, and anti-counterfeiting solutions are provided. The company has 78 employees. Bilcare has completed 1 acquisition, including Singular ID. Its chief executive, as recorded, is Mohan Bhandari. Its website bilcare.com draws about 10 thousand monthly visits. Its Indian entity Bilcare Limited reported revenue of βΉ764 Cr. Bilcare offers products and services including Blister Films, Blister Foils, Lidding Foils, Aluminum Foils, and Polymer Films. Its focus areas include Biopharma Outsourcing, CDMO, Small Molecules & Peptides and Formulation. Its competitors include Akums, Jubilant Life Sciences and Nectar Lifesciences; 2 of its 3 listed competitors have raised funding.
Company details
Bilcare is a pharma packaging solutions provider. The company has 3 major divisions - Pharmaceutical Packaging International (PPI), Global Clinical Material Supplies (GCS) and non-clonable ID technologies. The PPI division offers packaging solutions mainly for solid dose packaging through specialty Polymer Films and Aluminum Foils. The GCS division offers clinical trial supply management services such as clinical supplies packaging and labelling, controlled-temperature (cold chain) CTM storage, worldwide distribution and returns and destructions accountability etc. The non-clonable ID technologies division offers track and trace, authentication and Anti-counterfeit (trademarked nCID technology - nonclonableID) solutions for product; people ID authentication and security. The company has 9 manufacturing facilities spread across Europe, US and Asia. Bilcares clientele includes Bristol-Myers Squibb, Dr. Reddys, GlaxoSmithKline, Johnson Johnson, Merck, Novartis, Pfizer, Ranbaxy, Sanofi-Aventis, and Teva, among others.
- Headquarters Pune, India
- Employees 78
- Founders Mohan Bhandari
- Stage Acquired
- SectorsHealthcare
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website bilcare.com
- Social LinkedIn X Facebook YouTube
- Acquired by Lindsay Goldberg (Sep 2019)
- Legal Name Bilcare Ltd
- Market Cap₹201 Cr
BI · NSE
- Share Price₹83.85
-2.00% today
- Revenue₹734 Cr
FY 2025-26 · -6.9% YoY
- EBITDA₹40.63 Cr
Margin 5.5%
- Net Profit₹5.52 Cr
FY 2025-26 · +121.9% YoY
- P/E (TTM)10.2x
P/B 1.0x
- Latest Funding Round$116.1M (USD), Debt – Conventional
Aug 2014
- InvestorsISM Capital
& 2 more
- Employee Count78
- Investments & Acquisitions
- Acquired byLindsay Goldberg
(Sep 2019)
Associated legal entities of Bilcare
Bilcare operates through Bilcare Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bilcare Limited Listed CIN L28939PN1987PLC043953 | Active | 01 Jul 1987 | Pune, Maharashtra | ₹764 Cr | 70 | 8 | View details |
Products & Services of Bilcare
Bilcare offers a comprehensive portfolio of products and services, including Blister Films, Blister Foils, Lidding Foils, Aluminum Foils, and Polymer Films.
Materials for pharmaceutical blister packaging protection.
Foils used in drug packaging for barrier properties.
Sealing foils for pharmaceutical containers.
Foils providing protection against counterfeiting.
Films for innovative and sustainable packaging solutions.
Apps and channels of Bilcare
its YouTube channel Bilcare Ltd has 155 subscribers and 18 videos.
Videos from Bilcare
The most watched videos on Bilcare's YouTube channel, Bilcare Ltd (155 subscribers). Click a video to play it here.
More on Bilcare Ltd.
Funding Insights of Bilcare
- Total Rounds 2
- Last Round Debt – Conventional β $116.1M
- First Round $33.3M
(Feb 2010)
- Investors Count 2
All 2 funding rounds of Bilcare with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2014 | $116.1M | Debt – Conventional | β | β | |
| Feb 2010 | $33.3M | Post-IPO | β | β |
3 investors in total: 3 institutional.
Investors in Bilcare
Bilcare has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include ISM Capital, Proventus and Lindsay Goldberg.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A family office is operated across Nordic and European regions. | proventus.se | Stockholm, Sweden | ||
PE firm invests in the US | lindsaygoldbergllc.com | New York, United States | ||
Financial solutions are provided for the investment industry. | 2008 | ismcapital.com | London, United Kingdom |
Investor details for Bilcare
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Bilcare Limited (Bilcare)
Bilcare Limited is the primary company behind Bilcare. The board of Bilcare Limited currently have 8 directors; the longest-serving is Mohan Harakchand Bhandari, appointed in 1987. 35 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohan Harakchand Bhandari DIN 00052777 | CEO | 01 Jul 1987 | 39 yrs 3 mo | Bilcare Limited |
| Rajesh Shankarrao Devene DIN 05320201 | Director | 22 Apr 2019 | 7 yrs 6 mo | Bilcare Limited |
| Shreyans Mohan Bhandari DIN 07737337 | Managing Director | 01 Jul 2022 | 4 yrs 3 mo | Bilcare Limited |
| Kavita Bhansali DIN 05355200 | Whole-time director | 14 Aug 2023 | 3 yrs 2 mo | Bilcare Limited |
| Deepa Mathur DIN 00449912 | CFO | 07 Oct 2023 | 3 yrs | Bilcare Limited |
| Sagar Ramnarayan Baheti DIN 08402716 | Company Secretary | 08 Feb 2024 | 2 yrs 8 mo | Bilcare Limited |
| Alka Sagar DIN 07138477 | Director | 14 Aug 2024 | 2 yrs 2 mo | Bilcare Limited |
| Ashwini Ashok Hasabnis DIN 07766525 | Additional Director | 25 Apr 2026 | 6 mo | Bilcare Limited |
People of Bilcare
37 people are tracked at Bilcare (9 in leadership, 5 in board & advisors, 23 in team); the tracked headcount is 78.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
| Executive Director, Chairman & MD | Leadership | |
Gopal Paradiya | General Manager | Leadership |
Debadutta Mishra | Vice President - Global Strategic Business Development | Business Head - PPI (singapore) | Leadership |
V.s. Ananth | Regional Business Head - South | Leadership |
Cr Raghu | Head S H E | Leadership |
Shyam Singh | Vice President Operations | Leadership |
Chhanda Das | VP Quality And Regulatory | Leadership |
Rajneesh Kumar | Head- Costing & MIS | Leadership |
Vijesh Mehra | Non-Executive, Independent Director | Board & advisors |
| Director | Board & advisors | |
Madhuri Vaidya | Director | Board & advisors |
Diksha Tomar | Non-Executive, Independent Director | Board & advisors |
Ashwani Singh | Director | Board & advisors |
Vitthal Chitte | Executive - SCM (purchase / Materials) | Team |
Ashwini Gore | Quality Assurance And Quality Control | Team |
Pravin Desai | Technical Quality Manager | Team |
Sandeep Shirwadkar | Sr.accounts Executive | Team |
Pravin Jagtap | Manager QA & RA | Team |
Laxmikant Nawale | Assistant Manager | Team |
17 more people are available in the full profile.
Complete people profiles for Bilcare
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Bilcare
Bilcare is a publicly listed company on the BSE with ticker symbol BI in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date25 Apr 1995
- Listed onBSE: 526853
- Listed entityBilcare Ltd
- Exchange sectorProcess industries
- ISININE986A01012
- Share price₹69.99 (-2.82% on the day) · 2026-05-11
- Market capitalisation₹170 Cr
- Price to earnings29.8
- EPS (diluted, trailing year)₹-4.88
- Volume (last session)5,213
- Analyst consensusNo rating
Financials of Bilcare
Exchange-reported figures of Bilcare Limited, the listed company behind Bilcare (NSE: BI).
Financial Highlights
FY 2025-26 Β· 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 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 734 | 788 | 747 | 982 | 845 | 623 | 1,827 |
| Revenue growth | -6.9% | +5.5% | -23.9% | +16.2% | +35.7% | -65.9% | - |
| EBITDA | 40.63 | 24.79 | 32.51 | (26.13) | 56.86 | 46.36 | 43.99 |
| EBITDA margin | +5.5% | +3.2% | +4.4% | -2.7% | +6.7% | +7.4% | +2.4% |
| Profit before tax | (21.46) | (71.34) | (71.71) | 196 | (4.22) | (24.96) | (114) |
| Net profit | 5.52 | (25.26) | (32.14) | (66.54) | (42.65) | (42.56) | (299) |
| Net profit margin | +0.8% | -3.2% | -4.3% | -6.8% | -5.1% | -6.8% | -16.4% |
| EPS (βΉ) | 0.73 | (12.23) | (14.12) | 6.39 | (5.35) | (8.95) | (43.97) |
| Balance sheet | |||||||
| Total assets | 708 | 796 | 1,406 | 1,346 | 877 | 898 | 948 |
| Net worth | 197 | 214 | 498 | 531 | 75.15 | 86.31 | 108 |
| Total debt | 620 | 689 | 756 | 639 | 690 | 677 | 707 |
| Cash & bank | 5.51 | 15.01 | 36.42 | 30.83 | 40.07 | 56.64 | 64.13 |
| Net working capital | 222 | 222 | 272 | 128 | 171 | 171 | 202 |
| Cash flow | |||||||
| Cash from operations | 128 | 86.41 | 62.46 | (6.98) | 41.27 | 71.79 | 256 |
| Cash from investing | (5.02) | 81.41 | (106) | 36.20 | (4.26) | 1.65 | 1,309 |
| Cash from financing | (132) | (171) | 35.89 | (18.90) | (54.88) | (82.68) | (1,600) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 226 | 188 | 181 | 178 | 186 | 194 | 198 | 202 |
| Revenue growth (YoY) | +21.2% | -3.3% | -8.5% | -11.7% | -4.0% | - | - | - |
| Other income | 1.75 | 14.46 | 5.14 | 4.32 | 6.08 | 21.16 | 3.44 | 3.91 |
| EBITDA | 35.28 | 14.93 | 11.21 | 3.42 | 11.07 | 7.68 | 0.75 | (2.28) |
| EBITDA margin | +15.6% | +8.0% | +6.2% | +1.9% | +5.9% | +4.0% | +0.4% | -1.1% |
| Depreciation | 4.11 | 4.78 | 5.01 | 12.23 | 11.56 | 4.66 | 11.74 | 11.04 |
| Interest | 18.08 | 17.69 | 17.04 | 19.06 | 18.55 | 18.68 | 19.48 | 23.68 |
| Profit before tax | 14.84 | 6.92 | (5.70) | (23.55) | (12.96) | 5.50 | (27.03) | (33.09) |
| Tax | (0.13) | (0.93) | 0.19 | (0.23) | (3.20) | (6.56) | (10.79) | (3.16) |
| Net profit | 14.97 | 7.85 | (5.89) | (23.32) | (9.76) | 12.06 | (16.24) | (29.93) |
| EPS (βΉ) | 5.39 | 5.68 | 0.41 | (5.25) | (1.61) | 7.47 | (3.05) | (6.81) |
| 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 | 6.85 | 15.12 | 17.60 | 13.98 | 430 | 304 | 212 |
| Revenue growth | -54.7% | -14.1% | +25.9% | -96.8% | +41.3% | +43.6% | - |
| EBITDA | (14.65) | (5.67) | (13.31) | (87.82) | 31.28 | 20.55 | (247) |
| EBITDA margin | -213.9% | -37.5% | -75.6% | -628.2% | +7.3% | +6.8% | -116.7% |
| Profit before tax | 1.56 | 5.46 | 5.69 | 503 | (23.53) | (17.63) | (127) |
| Net profit | 2.58 | 2.14 | (10.80) | (8.82) | (51.33) | (52.79) | (126) |
| Net profit margin | +37.7% | +14.2% | -61.4% | -63.1% | -11.9% | -17.4% | -59.7% |
| EPS (βΉ) | 0.42 | 1.70 | 2.27 | 165.97 | (7.55) | 0.76 | (43.46) |
| Balance sheet | |||||||
| Total assets | 433 | 434 | 426 | 418 | 757 | 793 | 831 |
| Net worth | 421 | 420 | 416 | 410 | 43.41 | 60.72 | 59.18 |
| Total debt | 11.87 | 11.04 | 10.29 | 7.52 | 690 | 678 | 709 |
| Cash & bank | 1.30 | 3.49 | 2.05 | 11.98 | 4.52 | 7.81 | 5.44 |
| Net working capital | 49.45 | 67.11 | 56.96 | (12.56) | (0.70) | 7.66 | (51.61) |
| Cash flow | |||||||
| Cash from operations | 11.57 | 2.36 | 97.63 | 397 | 46.29 | (0.41) | 71.12 |
| Cash from investing | (14.05) | 2.94 | (107) | 181 | 5.59 | 85.02 | 10.82 |
| Cash from financing | 0.24 | (3.85) | (0.51) | (571) | (55.47) | (82.28) | (83.03) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.94 | 1.20 | 1.73 | 1.85 | 2.07 | 4.13 | 3.36 | 2.76 |
| Revenue growth (YoY) | -6.3% | -70.9% | -48.5% | -33.0% | -57.5% | - | - | - |
| Other income | 4.36 | 3.82 | 5.54 | 3.45 | 6.72 | 6.45 | 3.78 | 3.78 |
| Total expenses | 4.67 | 11.26 | 3.55 | 3.21 | 3.48 | 5.70 | 3.88 | 5.49 |
| EBITDA | (2.73) | (10.06) | (1.82) | (1.36) | (1.41) | (1.57) | (0.52) | (2.73) |
| EBITDA margin | -140.7% | -838.3% | -105.2% | -73.5% | -68.1% | -38.0% | -15.5% | -98.9% |
| Depreciation | 0.60 | 0.61 | 0.71 | 0.72 | 0.68 | 0.60 | 0.77 | 0.77 |
| Interest | 0.12 | 0.14 | 0.15 | 0.17 | 0.14 | 0.06 | 0.12 | 3.04 |
| Profit before tax | 0.91 | (6.99) | 2.86 | 1.20 | 4.49 | 4.22 | 2.37 | (2.76) |
| Tax | (0.13) | (0.64) | 0.15 | 0.16 | 0.90 | 0.86 | 0.56 | (0.19) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 226 | 188 | 181 | 178 | 186 | 194 | 198 | 202 |
| Revenue growth (YoY) | +21.2% | -3.3% | -8.5% | -11.7% | -4.0% | - | - | - |
| Other income | 1.75 | 14.46 | 5.14 | 4.32 | 6.08 | 21.16 | 3.44 | 3.91 |
| EBITDA | 35.28 | 14.93 | 11.21 | 3.42 | 11.07 | 7.68 | 0.75 | (2.28) |
| EBITDA margin | +15.6% | +8.0% | +6.2% | +1.9% | +5.9% | +4.0% | +0.4% | -1.1% |
| Depreciation | 4.11 | 4.78 | 5.01 | 12.23 | 11.56 | 4.66 | 11.74 | 11.04 |
| Interest | 18.08 | 17.69 | 17.04 | 19.06 | 18.55 | 18.68 | 19.48 | 23.68 |
| Profit before tax | 14.84 | 6.92 | (5.70) | (23.55) | (12.96) | 5.50 | (27.03) | (33.09) |
| Tax | (0.13) | (0.93) | 0.19 | (0.23) | (3.20) | (6.56) | (10.79) | (3.16) |
| Net profit | 14.97 | 7.85 | (5.89) | (23.32) | (9.76) | 12.06 | (16.24) | (29.93) |
| EPS (βΉ) | 5.39 | 5.68 | 0.41 | (5.25) | (1.61) | 7.47 | (3.05) | (6.81) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 734 | 788 | 747 | 982 | 845 | 623 | 1,827 |
| Revenue growth | -6.9% | +5.5% | -23.9% | +16.2% | +35.7% | -65.9% | - |
| Other income | 30.00 | 32.25 | 22.52 | 320 | 47.10 | 49.78 | 255 |
| Total expenses | 693 | 763 | 715 | 1,008 | 788 | 576 | 1,783 |
| Employee cost | 0.00 | 81.07 | 71.87 | 71.26 | 59.27 | 55.30 | 371 |
| EBITDA | 40.63 | 24.79 | 32.51 | (26.13) | 56.86 | 46.36 | 43.99 |
| EBITDA margin | +5.5% | +3.2% | +4.4% | -2.7% | +6.7% | +7.4% | +2.4% |
| Depreciation | 19.75 | 45.88 | 44.95 | 37.81 | 39.25 | 45.51 | 239 |
| Interest | 72.34 | 82.50 | 81.79 | 60.00 | 68.93 | 75.59 | 174 |
| Profit before tax | (21.46) | (71.34) | (71.71) | 196 | (4.22) | (24.96) | (114) |
| Tax | (4.17) | (15.18) | (13.17) | 146 | 0.14 | (13.79) | (14.62) |
| Net profit | 5.52 | (25.26) | (32.14) | (66.54) | (42.65) | (42.56) | (299) |
| Net profit margin | +0.8% | -3.2% | -4.3% | -6.8% | -5.1% | -6.8% | -16.4% |
| EPS (βΉ) | 0.73 | (12.23) | (14.12) | 6.39 | (5.35) | (8.95) | (43.97) |
| 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 | 23.55 | 23.55 | 23.55 | 23.55 | 23.55 | 23.55 | 23.55 |
| Reserves & surplus | 173 | 191 | 474 | 507 | 51.60 | 62.76 | 84.74 |
| Shareholders' funds (net worth) | 197 | 214 | 498 | 531 | 75.15 | 86.31 | 108 |
| Minority interest | (123) | (125) | 148 | 173 | 86.17 | 77.89 | 67.88 |
| Secured loans | 595 | 569 | 666 | 518 | 445 | 438 | 471 |
| Unsecured loans | 25.64 | 120 | 90.42 | 120 | 245 | 239 | 236 |
| Total debt | 620 | 689 | 756 | 639 | 690 | 677 | 707 |
| Total liabilities | 708 | 796 | 1,406 | 1,346 | 877 | 898 | 948 |
| Assets | |||||||
| Gross block | 913 | 926 | 2,073 | 2,087 | 1,003 | 1,065 | 1,746 |
| Net block | 432 | 456 | 1,038 | 1,045 | 465 | 494 | 534 |
| Capital work in progress | 9.60 | 3.83 | 1.28 | 0.73 | 0.70 | 0.50 | 0.32 |
| Investments | 14.20 | 10.70 | 7.66 | 2.46 | 0.01 | 0.01 | 0.22 |
| Inventories | 115 | 117 | 106 | 84.09 | 136 | 101 | 76.97 |
| Sundry debtors | 108 | 119 | 150 | 188 | 220 | 154 | 108 |
| Cash & bank balances | 5.51 | 15.01 | 36.42 | 30.83 | 40.07 | 56.64 | 64.13 |
| Loans & advances | 125 | 91.98 | 119 | 40.57 | 24.12 | 25.53 | 116 |
| Total current assets | 353 | 343 | 411 | 343 | 421 | 337 | 365 |
| Total current liabilities | 132 | 121 | 139 | 216 | 250 | 166 | 163 |
| Net working capital | 222 | 222 | 272 | 128 | 171 | 171 | 202 |
| Total assets | 708 | 796 | 1,406 | 1,346 | 877 | 898 | 948 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 14.14 | 17.00 | 24.47 | 14.16 | 32.03 | 41.27 | 75.88 |
| Net cash from operating activities | 128 | 86.41 | 62.46 | (6.98) | 41.27 | 71.79 | 256 |
| Net cash from investing activities | (5.02) | 81.41 | (106) | 36.20 | (4.26) | 1.65 | 1,309 |
| Net cash from financing activities | (132) | (171) | 35.89 | (18.90) | (54.88) | (82.68) | (1,600) |
| Net change in cash | (9.53) | (2.86) | (7.47) | 10.31 | (17.87) | (9.24) | (34.61) |
| Closing cash | 5.51 | 15.01 | 36.42 | 30.83 | 40.07 | 56.64 | 64.13 |
| 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 | -6.9% | +5.5% | -23.9% | +16.2% | +35.7% | -65.9% | - |
| EBITDA growth | +63.9% | -23.8% | +224.4% | -146.0% | +22.7% | +5.4% | - |
| PBT growth | +69.9% | +0.5% | - | +9998.0% | +83.1% | +78.0% | +73.7% |
| Net income growth | +121.9% | +21.4% | +51.7% | -56.0% | -0.2% | +85.8% | - |
| Revenue CAGR (3Y) | -9.3% | -2.3% | +6.3% | -18.7% | -34.4% | -39.3% | -11.5% |
| EBITDA CAGR (3Y) | - | -24.2% | -11.2% | - | -30.4% | -33.5% | -38.4% |
| Profitability & leverage | |||||||
| Net income margin | -2.4% | -7.1% | -7.8% | +5.1% | -0.5% | -1.8% | -5.4% |
| Return on capital employed | - | - | 0.0% | +2.8% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | - | 0.0% | -8.3% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | - | 1.98 | 4.72 | 8.47 | 7.11 | 77.39 |
| Long-term debt / equity | - | - | 1.51 | 3.74 | 6.61 | 5.59 | 33.91 |
| Interest cover | 346.46 | -391.18 | -657.48 | -93.84 | 391.43 | 8,892.94 | -89.40 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | - | 0.39 | 0.71 | 0.82 | 0.44 | 0.58 |
| Inventory turnover | - | - | 7.85 | 8.90 | 7.12 | 7.00 | 8.19 |
| Debtors turnover | - | - | 4.43 | 4.81 | 4.51 | 4.75 | 8.76 |
| EPS (βΉ) | 0.73 | (12.23) | (14.12) | 6.39 | (5.35) | (8.95) | (43.97) |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 0.00 | 199.21 | 211.44 | 87.65 | 31.91 | 36.66 | 45.99 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.94 | 1.20 | 1.73 | 1.85 | 2.07 | 4.13 | 3.36 | 2.76 |
| Revenue growth (YoY) | -6.3% | -70.9% | -48.5% | -33.0% | -57.5% | - | - | - |
| Other income | 4.36 | 3.82 | 5.54 | 3.45 | 6.72 | 6.45 | 3.78 | 3.78 |
| Total expenses | 4.67 | 11.26 | 3.55 | 3.21 | 3.48 | 5.70 | 3.88 | 5.49 |
| EBITDA | (2.73) | (10.06) | (1.82) | (1.36) | (1.41) | (1.57) | (0.52) | (2.73) |
| EBITDA margin | -140.7% | -838.3% | -105.2% | -73.5% | -68.1% | -38.0% | -15.5% | -98.9% |
| Depreciation | 0.60 | 0.61 | 0.71 | 0.72 | 0.68 | 0.60 | 0.77 | 0.77 |
| Interest | 0.12 | 0.14 | 0.15 | 0.17 | 0.14 | 0.06 | 0.12 | 3.04 |
| Profit before tax | 0.91 | (6.99) | 2.86 | 1.20 | 4.49 | 4.22 | 2.37 | (2.76) |
| Tax | (0.13) | (0.64) | 0.15 | 0.16 | 0.90 | 0.86 | 0.56 | (0.19) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6.85 | 15.12 | 17.60 | 13.98 | 430 | 304 | 212 |
| Revenue growth | -54.7% | -14.1% | +25.9% | -96.8% | +41.3% | +43.6% | - |
| Other income | 19.53 | 17.85 | 23.64 | 596 | 48.02 | 71.17 | 278 |
| Total expenses | 21.50 | 20.79 | 30.91 | 102 | 399 | 284 | 459 |
| Employee cost | 0.00 | 5.42 | 5.97 | 5.75 | 33.67 | 32.08 | 27.30 |
| EBITDA | (14.65) | (5.67) | (13.31) | (87.82) | 31.28 | 20.55 | (247) |
| EBITDA margin | -213.9% | -37.5% | -75.6% | -628.2% | +7.3% | +6.8% | -116.7% |
| Depreciation | 2.72 | 2.87 | 2.15 | 4.52 | 34.64 | 34.63 | 88.06 |
| Interest | 0.60 | 3.85 | 2.49 | 0.45 | 68.19 | 74.72 | 69.08 |
| Profit before tax | 1.56 | 5.46 | 5.69 | 503 | (23.53) | (17.63) | (127) |
| Tax | 0.57 | 1.46 | 0.36 | 112 | (5.76) | (19.39) | (24.23) |
| Net profit | 2.58 | 2.14 | (10.80) | (8.82) | (51.33) | (52.79) | (126) |
| Net profit margin | +37.7% | +14.2% | -61.4% | -63.1% | -11.9% | -17.4% | -59.7% |
| EPS (βΉ) | 0.42 | 1.70 | 2.27 | 165.97 | (7.55) | 0.76 | (43.46) |
| 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 | 23.55 | 23.55 | 23.55 | 23.55 | 23.55 | 23.55 | 23.55 |
| Reserves & surplus | 397 | 396 | 392 | 387 | 19.86 | 37.17 | 35.63 |
| Shareholders' funds (net worth) | 421 | 420 | 416 | 410 | 43.41 | 60.72 | 59.18 |
| Secured loans | 0.86 | 0.00 | 0.00 | 0.00 | 445 | 438 | 471 |
| Unsecured loans | 11.01 | 11.04 | 10.29 | 7.52 | 245 | 240 | 238 |
| Total debt | 11.87 | 11.04 | 10.29 | 7.52 | 690 | 678 | 709 |
| Total liabilities | 433 | 434 | 426 | 418 | 757 | 793 | 831 |
| Assets | |||||||
| Gross block | 71.44 | 76.41 | 77.95 | 54.97 | 909 | 901 | 1,586 |
| Net block | 57.62 | 60.82 | 63.41 | 16.25 | 446 | 473 | 506 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 |
| Investments | 310 | 294 | 294 | 294 | 80.51 | 89.49 | 173 |
| Inventories | 0.18 | 0.38 | 0.51 | 0.82 | 56.23 | 44.42 | 22.22 |
| Sundry debtors | 2.04 | 3.41 | 4.89 | 9.45 | 92.63 | 72.28 | 39.10 |
| Cash & bank balances | 1.30 | 3.49 | 2.05 | 11.98 | 4.52 | 7.81 | 5.44 |
| Loans & advances | 64.86 | 76.01 | 82.67 | 0.50 | 15.88 | 18.48 | 23.59 |
| Total current assets | 68.38 | 83.29 | 90.12 | 22.75 | 169 | 143 | 90.35 |
| Total current liabilities | 18.93 | 16.18 | 33.16 | 35.31 | 170 | 135 | 142 |
| Net working capital | 49.45 | 67.11 | 56.96 | (12.56) | (0.70) | 7.66 | (51.61) |
| Total assets | 433 | 434 | 426 | 418 | 757 | 793 | 831 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.64 | 1.19 | 11.13 | 3.66 | 7.25 | 4.92 | 6.00 |
| Net cash from operating activities | 11.57 | 2.36 | 97.63 | 397 | 46.29 | (0.41) | 71.12 |
| Net cash from investing activities | (14.05) | 2.94 | (107) | 181 | 5.59 | 85.02 | 10.82 |
| Net cash from financing activities | 0.24 | (3.85) | (0.51) | (571) | (55.47) | (82.28) | (83.03) |
| Net change in cash | (2.24) | 1.45 | (9.94) | 7.47 | (3.59) | 2.33 | (1.08) |
| Closing cash | 1.30 | 3.49 | 2.05 | 11.98 | 4.52 | 7.81 | 5.44 |
| 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 | -54.7% | -14.1% | +25.9% | -96.8% | +41.3% | +43.6% | - |
| EBITDA growth | -158.4% | +57.4% | +84.8% | -380.8% | +52.2% | +108.3% | - |
| PBT growth | -71.4% | -4.0% | -98.9% | +9998.0% | -33.5% | +86.1% | +59.7% |
| Net income growth | +20.6% | +119.8% | -22.5% | +82.8% | +2.8% | +58.2% | - |
| Revenue CAGR (3Y) | -21.2% | -67.2% | -61.3% | -59.6% | +21.5% | +5.7% | -9.5% |
| EBITDA CAGR (3Y) | -45.0% | - | - | -29.2% | - | - | +342.6% |
| Profitability & leverage | |||||||
| Net income margin | +14.5% | +26.5% | +30.3% | +2795.4% | -4.1% | +0.6% | -48.3% |
| Return on capital employed | - | +1.0% | -1.3% | -1.1% | 0.0% | +0.2% | 0.0% |
| Return on net worth | - | +0.3% | -1.7% | -2.5% | 0.0% | -14.8% | 0.0% |
| Debt / equity | - | 0.03 | 0.02 | 1.54 | 13.14 | 11.57 | 7.14 |
| Long-term debt / equity | - | 0.02 | 0.02 | 1.20 | 10.24 | 9.08 | 5.77 |
| Interest cover | -3.45 | -45.08 | -16.11 | -0.49 | -2,029.46 | -530.68 | -20.61 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.20 | 0.26 | 0.03 | 0.47 | 0.24 | 0.13 |
| Inventory turnover | - | 33.98 | 26.47 | 0.49 | 8.54 | 9.13 | 7.86 |
| Debtors turnover | - | 3.64 | 2.45 | 0.27 | 5.21 | 5.46 | 5.56 |
| EPS (βΉ) | 0.42 | 1.70 | 2.27 | 165.97 | (7.55) | 0.76 | (43.46) |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 0.00 | 178.24 | 176.54 | 174.30 | 18.44 | 25.79 | 25.13 |
Investments & Acquisitions by Bilcare
Bilcare has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Singular ID.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Unique identification services are provided since 2004 in Singapore. | singular-id.com | Singapore | 2004 | Dec 2007 | $13.53M |
Complete acquisition details for Bilcare
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Timeline of Bilcare
6 dated milestones of Bilcare across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Bilcare is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Singular ID.
- Funding First funding round of $33.3M.
- Funding Latest funding round, Debt β Conventional, of $116.1M.
- Exit Acquired by Lindsay Goldberg.
Competitors of Bilcare
Bilcare has 3 listed competitors in our database, 2 of them funded. They include Akums, Jubilant Life Sciences and Nectar Lifesciences.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| akums.in | 2004 | Delhi, India | $70M | 395 | CDMO focusing on spectrum of dosage forms and therapeutic segments | |
| jubl.com | 1978 | Noida, India | Company offering a suite of R&D and manufacturing services for small molecules and generics | |||
| neclife.com | 1995 | Chandigarh, India | $46.85M | 175 | Cephalosporin APIs and generic formulations are manufactured. |
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Web traffic of Bilcare
The website of Bilcare (bilcare.com) receives about 10.4K visits a month.
- Monthly visits10.4K
▲ 228.1% vs previous month
Websites whose visitors overlap most with Bilcare. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
hotfrog.in | hotfrog.in | 100% | #586,439 | β | |
| hoovers.com | 87% | 2.7K | #7,400,191 | View details | |
| tcs.com | 86% | 2.6M | #27,194 | View details | |
minocherpatel.com | minocherpatel.com | 84% | #12,245,955 | β | |
bilcareacademy.com | bilcareacademy.com | 48% | β | ||
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
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- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Biopharma Outsourcing & Drug Delivery
3 companies that operate in the same segment as Bilcare (Biopharma Outsourcing & Drug Delivery) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of integrated contract research development and manufacturing services | 2007 | Bengaluru, Karnataka, India | USD 35.74 M | USD 226.38 M | 1,820 | |
Pharmaceutical and biotechnology company | 2005 | Hyderabad, Telangana, India | USD 229.73 M | USD 726.15 M | 12,470 | |
India's leading healthcare products distribution platform | 2018 | Mumbai, Maharashtra, India | USD 59.67 M | USD 702.49 M | 4,260 |
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Related news about Bilcare
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Frequently Asked Questions about Bilcare
Bilcare was founded in 1993 and raised its 1st funding round 17 years after it was founded.
Bilcare is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Mohan Bhandari is the CEO of Bilcare, as recorded in our data. They have also founded this company.
Bilcare has 78 employees.
The primary company behind Bilcare, Bilcare Limited, reported revenue of βΉ764 Cr for FY 2026, down 7% year on year.
Bilcare is a pharma packaging solutions provider. The company has 3 major divisions - Pharmaceutical Packaging International (PPI), Global Clinical Material Supplies (GCS) and non-clonable ID technologies. The PPI division offers packaging solutions mainly for solid dose packaging through specialty Polymer Films and Aluminum Foils. The GCS division offers clinical trial supply management services such as clinical supplies packaging and labelling, controlled-temperature (cold chain) CTM storage, worldwide distribution and returns and destructions accountability etc. The non-clonable ID technologies division offers track and trace, authentication and Anti-counterfeit (trademarked nCID technology - nonclonableID) solutions for product; people ID authentication and security. The company has 9 manufacturing facilities spread across Europe, US and Asia. Bilcares clientele includes Bristol-Myers Squibb, Dr. Reddys, GlaxoSmithKline, Johnson Johnson, Merck, Novartis, Pfizer, Ranbaxy, Sanofi-Aventis, and Teva, among others.
Bilcare's top competitors include Jubilant Life Sciences, Akums and Nectar Lifesciences.
Bilcare offers Blister Films, Blister Foils, Lidding Foils, Aluminum Foils, and Polymer Films.
Yes, Bilcare is publicly traded on BSE under the ticker symbol BI.
Bilcare has made 1 acquisition, including Singular ID.
Bilcare has 3 investors. Key investors include ISM Capital, Proventus, and Lindsay Goldberg.
Bilcare operates through Bilcare Limited.

