About Bal Pharma Limited
Data last updated: 26 September 2026
Bal Pharma Limited is a public limited company based in Bangalore South, Karnataka, India. It specialises in api manufacturers, a part of the broader pharmaceuticals sector. Incorporated on 19 May 1987, the company has been in operation for over 39 years.
Registered with ROC Bangalore under CIN L85110KA1987PLC008368. Listed on BSE: 524824 and NSE: BALPHARMA.
Capital: an authorised share capital of ₹24.5 Cr and a paid-up capital of ₹15.92 Cr. It is led by directors including Jatish Sheth and Nicola Neeladri.
Last AGM: 25 September 2025. Financial statements filed for year ended 31 March 2025. Office: Bangalore South, Karnataka.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹311.66 Cr, a growth of 2.83% compared to the previous year.
The company has a workforce of approximately 715 employees as per the latest available data. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand - Bal Pharma. As per MCA filings, the company has open charges of ₹234.22 Cr and satisfied charges of ₹198.12 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balpharma.com.
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EmailLocked
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TelephoneLocked
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Website
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Social Media
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Registered Address21 – 22 Bommasandra, Industrial Area, Bangalore South, Karnataka, India – 560099
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IndustryPharma, API Manufacturers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Bal Pharma Limited
Bal Pharma Limited operates one associated brand: Bal Pharma. These brands represent Bal Pharma Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of pharmaceutical APIs, formulations, and Ayurvedic products | balpharma.com |
Business Activity of Bal Pharma Limited
Bal Pharma Limited is engaged in the principal business activity of manufacturing, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details for Bal Pharma Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Bal Pharma Limited
Bal Pharma Limited is audited by S S J N B & CO for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S S J N B & CO | Locked | Locked | Locked |
Complete auditor history for Bal Pharma Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Bal Pharma Limited
Bal Pharma Limited is currently managed by 6 directors, with 20 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Jatish Sheth
Also directs:
Meganza Pharma Llp, Srushti Pharmaceuticals Private Limited
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Director | 28 Dec 2020 | 5 Years 8 Months | Current |
| Nicola Neeladri | Director | 23 May 2020 | 6 Years 4 Months | Current |
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Shailesh Siroya
Also directs:
Balance Clinics Llp, Lifezen Healthcare Private Limited, Kaunshya Investments Private Limited and 2 more
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Managing Director | 01 Aug 2004 | 22 Years 1 Months | Current |
| Virupakshaya Himesh | Whole-Time Director | 28 Sep 2019 | 6 Years 11 Months | Current |
| Bheekamchand Mukesh | Additional Director | 13 Nov 2025 | 0 Years 10 Months | Current |
|
Ravindrakumar Kothari
Also directs:
Balance Clinics Llp, Lifezen Healthcare Private Limited, Aurum Research & Analytical Solutions Private Limited and 1 more
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Director | 05 May 2025 | 1 Years 4 Months | Current |
Financials of Bal Pharma Limited FY 2025-26 filings available
Bal Pharma Limited reported revenue of ₹311.66 Cr (up 2.83% 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 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 312 | 303 | 339 | 304 | 281 | 251 | 171 |
| Revenue growth | +2.4% | -11.4% | +10.5% | +8.4% | +13.9% | +36.0% | -19.9% |
| EBITDA | 31.90 | 29.76 | 30.92 | 25.26 | 23.97 | 24.64 | 5.02 |
| EBITDA margin | +10.2% | +9.8% | +9.1% | +8.3% | +8.5% | +9.8% | +2.9% |
| Profit before tax | 5.93 | 5.14 | 9.03 | 4.76 | 9.17 | 4.10 | (13.54) |
| Net profit | 6.28 | 7.22 | 7.32 | 2.56 | 4.97 | 4.72 | (12.28) |
| Net profit margin | +2.0% | +2.4% | +2.2% | +0.8% | +1.8% | +1.9% | -7.2% |
| EPS (₹) | 3.95 | 4.53 | 4.68 | 1.64 | 3.79 | 3.20 | (8.62) |
| Balance sheet | |||||||
| Total assets | - | 235 | 218 | 201 | 171 | 171 | 171 |
| Net worth | - | 77.42 | 72.00 | 63.79 | 58.63 | 53.58 | 52.42 |
| Total debt | - | 150 | 140 | 131 | 104 | 110 | 118 |
| Cash & bank | - | 8.05 | 13.29 | 7.61 | 5.39 | 3.85 | 3.13 |
| Net working capital | - | 132 | 128 | 119 | 95.55 | 97.71 | 93.18 |
| Cash flow | |||||||
| Cash from operations | - | 20.32 | 22.81 | (1.54) | 27.71 | 22.34 | 23.24 |
| Cash from investing | - | (14.92) | (18.89) | (22.18) | (9.48) | (5.54) | (4.85) |
| Cash from financing | - | (7.84) | (1.21) | 24.09 | (18.13) | (16.63) | (19.97) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 88.62 | 84.08 | 87.69 | 74.02 | 65.87 | 81.88 | 73.15 | 73.69 |
| Revenue growth (YoY) | +34.5% | +2.7% | +19.9% | +0.5% | -11.4% | -13.5% | -10.4% | -20.4% |
| Other income | 0.44 | (0.24) | 0.33 | 1.12 | 0.72 | 1.08 | 0.51 | (0.20) |
| EBITDA | 7.95 | 10.57 | 9.55 | 5.73 | 6.06 | 7.64 | 7.75 | 7.69 |
| EBITDA margin | +9.0% | +12.6% | +10.9% | +7.7% | +9.2% | +9.3% | +10.6% | +10.4% |
| Depreciation | 2.78 | 3.06 | 3.23 | 2.27 | 2.52 | 2.18 | 2.69 | 2.48 |
| Interest | 4.47 | 4.06 | 4.85 | 3.86 | 4.05 | 3.95 | 5.01 | 3.65 |
| Profit before tax | 1.14 | 3.21 | 1.80 | 0.72 | 0.21 | 2.59 | 0.56 | 1.36 |
| Tax | 0.00 | (0.39) | 0.00 | 0.00 | 0.00 | (2.82) | 0.04 | 0.32 |
| Net profit | 1.14 | 3.60 | 1.80 | 0.72 | 0.21 | 5.41 | 0.52 | 1.04 |
| EPS (₹) | 0.71 | 2.26 | 1.12 | 0.45 | 0.13 | 3.40 | 0.33 | 0.65 |
| 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 | 311 | 302 | 339 | 303 | 280 | 249 | 171 |
| Revenue growth | +2.3% | -11.3% | +10.9% | +7.8% | +15.3% | +36.1% | -19.2% |
| EBITDA | 32.23 | 30.28 | 31.72 | 26.43 | 23.70 | 26.61 | 7.02 |
| EBITDA margin | +10.4% | +10.0% | +9.4% | +8.7% | +8.5% | +10.7% | +4.1% |
| Profit before tax | 6.36 | 5.74 | 9.33 | 8.55 | 12.05 | 9.79 | (9.07) |
| Net profit | 6.75 | 7.81 | 7.68 | 6.10 | 7.79 | 9.05 | (8.89) |
| Net profit margin | +2.2% | +2.6% | +2.3% | +2.0% | +2.8% | +3.6% | -5.2% |
| EPS (₹) | 4.51 | 4.90 | 4.89 | 3.90 | 5.79 | 6.14 | (6.28) |
| Balance sheet | |||||||
| Total assets | - | 250 | 233 | 227 | 194 | 191 | 172 |
| Net worth | - | 98.82 | 92.83 | 96.03 | 87.32 | 79.32 | 65.94 |
| Total debt | - | 145 | 134 | 125 | 98.01 | 104 | 99.43 |
| Cash & bank | - | 7.94 | 13.15 | 7.35 | 5.09 | 3.72 | 2.95 |
| Net working capital | - | 145 | 140 | 152 | 127 | 127 | 105 |
| Cash flow | |||||||
| Cash from operations | - | 20.31 | 28.54 | 5.38 | 31.48 | 10.23 | 21.71 |
| Cash from investing | - | (14.90) | (18.84) | (22.08) | (13.43) | (6.66) | (3.30) |
| Cash from financing | - | (7.83) | (6.94) | 17.12 | (18.13) | (3.36) | (19.94) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 88.43 | 83.92 | 87.49 | 73.75 | 65.64 | 81.78 | 72.89 | 74.70 |
| Revenue growth (YoY) | +34.7% | +2.6% | +20.0% | -1.3% | -10.2% | -13.5% | -10.6% | -19.1% |
| Other income | 0.46 | (0.22) | 0.35 | 1.13 | 0.74 | 0.99 | 0.51 | 0.35 |
| Total expenses | 80.48 | 73.29 | 77.82 | 67.98 | 59.48 | 73.95 | 64.95 | 67.22 |
| EBITDA | 7.95 | 10.63 | 9.67 | 5.77 | 6.16 | 7.83 | 7.94 | 7.48 |
| EBITDA margin | +9.0% | +12.7% | +11.1% | +7.8% | +9.4% | +9.6% | +10.9% | +10.0% |
| Depreciation | 2.78 | 3.04 | 3.23 | 2.27 | 2.52 | 2.07 | 2.68 | 2.12 |
| Interest | 4.47 | 4.05 | 4.85 | 3.86 | 4.05 | 3.94 | 5.02 | 4.18 |
| Profit before tax | 1.16 | 3.32 | 1.94 | 0.77 | 0.33 | 2.81 | 0.75 | 1.53 |
| Tax | 0.00 | (0.39) | 0.00 | 0.00 | 0.00 | (2.79) | 0.04 | 0.32 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 88.62 | 84.08 | 87.69 | 74.02 | 65.87 | 81.88 | 73.15 | 73.69 |
| Revenue growth (YoY) | +34.5% | +2.7% | +19.9% | +0.5% | -11.4% | -13.5% | -10.4% | -20.4% |
| Other income | 0.44 | (0.24) | 0.33 | 1.12 | 0.72 | 1.08 | 0.51 | (0.20) |
| EBITDA | 7.95 | 10.57 | 9.55 | 5.73 | 6.06 | 7.64 | 7.75 | 7.69 |
| EBITDA margin | +9.0% | +12.6% | +10.9% | +7.7% | +9.2% | +9.3% | +10.6% | +10.4% |
| Depreciation | 2.78 | 3.06 | 3.23 | 2.27 | 2.52 | 2.18 | 2.69 | 2.48 |
| Interest | 4.47 | 4.06 | 4.85 | 3.86 | 4.05 | 3.95 | 5.01 | 3.65 |
| Profit before tax | 1.14 | 3.21 | 1.80 | 0.72 | 0.21 | 2.59 | 0.56 | 1.36 |
| Tax | 0.00 | (0.39) | 0.00 | 0.00 | 0.00 | (2.82) | 0.04 | 0.32 |
| Net profit | 1.14 | 3.60 | 1.80 | 0.72 | 0.21 | 5.41 | 0.52 | 1.04 |
| EPS (₹) | 0.71 | 2.26 | 1.12 | 0.45 | 0.13 | 3.40 | 0.33 | 0.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 312 | 303 | 339 | 304 | 281 | 251 | 171 |
| Revenue growth | +2.4% | -11.4% | +10.5% | +8.4% | +13.9% | +36.0% | -19.9% |
| Other income | 1.93 | 2.20 | 2.85 | 0.94 | 5.15 | 1.14 | 1.85 |
| Total expenses | 280 | 273 | 308 | 279 | 257 | 226 | 166 |
| Employee cost | 0.00 | 62.40 | 60.48 | 55.30 | 47.25 | 41.88 | 50.44 |
| EBITDA | 31.90 | 29.76 | 30.92 | 25.26 | 23.97 | 24.64 | 5.02 |
| EBITDA margin | +10.2% | +9.8% | +9.1% | +8.3% | +8.5% | +9.8% | +2.9% |
| Depreciation | 11.08 | 9.77 | 10.07 | 9.13 | 9.04 | 9.52 | 7.68 |
| Interest | 16.82 | 17.05 | 14.67 | 12.31 | 10.91 | 12.16 | 12.73 |
| Profit before tax | 5.93 | 5.14 | 9.03 | 4.76 | 9.17 | 4.10 | (13.54) |
| Tax | (0.39) | (2.10) | 1.61 | 2.13 | 3.48 | (0.61) | (0.64) |
| Net profit | 6.28 | 7.22 | 7.32 | 2.56 | 4.97 | 4.72 | (12.28) |
| Net profit margin | +2.0% | +2.4% | +2.2% | +0.8% | +1.8% | +1.9% | -7.2% |
| EPS (₹) | 3.95 | 4.53 | 4.68 | 1.64 | 3.79 | 3.20 | (8.62) |
| 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 | - | 15.92 | 15.80 | 15.69 | 14.82 | 14.82 | 14.17 |
| Reserves & surplus | - | 61.50 | 56.20 | 48.10 | 42.87 | 37.82 | 38.25 |
| Shareholders' funds (net worth) | - | 77.42 | 72.00 | 63.79 | 58.63 | 53.58 | 52.42 |
| Minority interest | - | (0.01) | (0.03) | (0.09) | (0.13) | (0.23) | (7.10) |
| Secured loans | - | 145 | 134 | 125 | 97.71 | 104 | 98.63 |
| Unsecured loans | - | 5.77 | 5.77 | 5.77 | 5.93 | 5.98 | 19.82 |
| Total debt | - | 150 | 140 | 131 | 104 | 110 | 118 |
| Total liabilities | - | 235 | 218 | 201 | 171 | 171 | 171 |
| Assets | |||||||
| Gross block | - | 157 | 140 | 127 | 111 | 105 | 97.70 |
| Net block | - | 86.81 | 79.52 | 76.46 | 67.39 | 68.58 | 70.70 |
| Capital work in progress | - | 2.79 | 0.47 | 0.00 | 1.61 | 0.00 | 3.32 |
| Investments | - | 2.47 | 6.76 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | - | 103 | 87.81 | 98.01 | 74.40 | 60.39 | 67.71 |
| Sundry debtors | - | 92.44 | 99.62 | 93.98 | 75.31 | 67.20 | 49.60 |
| Cash & bank balances | - | 8.05 | 13.29 | 7.61 | 5.39 | 3.85 | 3.13 |
| Loans & advances | - | 28.89 | 26.68 | 28.56 | 29.47 | 32.72 | 36.92 |
| Total current assets | - | 232 | 227 | 228 | 185 | 164 | 157 |
| Total current liabilities | - | 101 | 99.81 | 109 | 89.02 | 66.45 | 64.18 |
| Net working capital | - | 132 | 128 | 119 | 95.55 | 97.71 | 93.18 |
| Total assets | - | 235 | 218 | 201 | 171 | 171 | 171 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 4.20 | 1.49 | 1.11 | 1.02 | 0.86 | 2.44 |
| Net cash from operating activities | - | 20.32 | 22.81 | (1.54) | 27.71 | 22.34 | 23.24 |
| Net cash from investing activities | - | (14.92) | (18.89) | (22.18) | (9.48) | (5.54) | (4.85) |
| Net cash from financing activities | - | (7.84) | (1.21) | 24.09 | (18.13) | (16.63) | (19.97) |
| Net change in cash | - | (2.44) | 2.71 | 0.37 | 0.09 | 0.16 | (1.58) |
| Closing cash | - | 8.05 | 13.29 | 7.61 | 5.39 | 3.85 | 3.13 |
| 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 | +2.8% | -10.7% | +11.5% | +8.2% | +12.3% | +46.4% | -24.0% |
| EBITDA growth | +7.2% | -3.8% | +22.4% | +5.4% | -2.7% | +390.8% | -71.6% |
| PBT growth | +15.4% | -43.1% | +89.7% | -48.1% | +123.7% | +9998.0% | -7026.3% |
| Net income growth | -13.0% | -1.4% | +185.9% | -48.5% | +5.3% | +9998.0% | - |
| Revenue CAGR (3Y) | +0.8% | +2.5% | +10.6% | +21.2% | +7.7% | +5.8% | -9.3% |
| EBITDA CAGR (3Y) | +8.1% | +7.5% | +7.9% | +71.4% | +10.7% | +12.4% | -30.3% |
| Profitability & leverage | |||||||
| Net income margin | +2.0% | +2.4% | +2.2% | +0.9% | +2.0% | +1.9% | -7.5% |
| Return on capital employed | - | +9.8% | +11.3% | +9.2% | +11.0% | +9.3% | -0.4% |
| Return on net worth | - | +9.7% | +11.0% | +4.3% | +9.0% | +8.9% | -21.7% |
| Debt / equity | - | 1.94 | 1.99 | 1.92 | 1.90 | 2.16 | 2.03 |
| Long-term debt / equity | - | 0.45 | 0.49 | 0.47 | 0.34 | 0.41 | 0.44 |
| Interest cover | 80.79 | 85.29 | 70.36 | 76.32 | 73.07 | 80.42 | -478.57 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 2.04 | 2.54 | 2.55 | 2.60 | 2.47 | 1.83 |
| Inventory turnover | - | 3.18 | 3.65 | 3.53 | 4.17 | 3.91 | 2.49 |
| Debtors turnover | - | 3.16 | 3.50 | 3.59 | 3.95 | 4.29 | 2.99 |
| EPS (₹) | 3.95 | 4.53 | 4.68 | 1.64 | 3.79 | 3.20 | (8.62) |
| Dividend per share (₹) | 1.20 | 1.20 | 1.20 | 1.00 | 1.00 | 1.00 | 0.00 |
| Book value per share (₹) | 0.00 | 48.63 | 45.56 | 40.66 | 38.92 | 35.52 | 36.99 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 88.43 | 83.92 | 87.49 | 73.75 | 65.64 | 81.78 | 72.89 | 74.70 |
| Revenue growth (YoY) | +34.7% | +2.6% | +20.0% | -1.3% | -10.2% | -13.5% | -10.6% | -19.1% |
| Other income | 0.46 | (0.22) | 0.35 | 1.13 | 0.74 | 0.99 | 0.51 | 0.35 |
| Total expenses | 80.48 | 73.29 | 77.82 | 67.98 | 59.48 | 73.95 | 64.95 | 67.22 |
| EBITDA | 7.95 | 10.63 | 9.67 | 5.77 | 6.16 | 7.83 | 7.94 | 7.48 |
| EBITDA margin | +9.0% | +12.7% | +11.1% | +7.8% | +9.4% | +9.6% | +10.9% | +10.0% |
| Depreciation | 2.78 | 3.04 | 3.23 | 2.27 | 2.52 | 2.07 | 2.68 | 2.12 |
| Interest | 4.47 | 4.05 | 4.85 | 3.86 | 4.05 | 3.94 | 5.02 | 4.18 |
| Profit before tax | 1.16 | 3.32 | 1.94 | 0.77 | 0.33 | 2.81 | 0.75 | 1.53 |
| Tax | 0.00 | (0.39) | 0.00 | 0.00 | 0.00 | (2.79) | 0.04 | 0.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 311 | 302 | 339 | 303 | 280 | 249 | 171 |
| Revenue growth | +2.3% | -11.3% | +10.9% | +7.8% | +15.3% | +36.1% | -19.2% |
| Other income | 2.00 | 2.15 | 2.30 | 2.19 | 6.49 | 2.69 | 3.63 |
| Total expenses | 279 | 272 | 307 | 277 | 257 | 223 | 164 |
| Employee cost | 0.00 | 61.83 | 59.57 | 51.56 | 44.46 | 39.62 | 48.78 |
| EBITDA | 32.23 | 30.28 | 31.72 | 26.43 | 23.70 | 26.61 | 7.02 |
| EBITDA margin | +10.4% | +10.0% | +9.4% | +8.7% | +8.5% | +10.7% | +4.1% |
| Depreciation | 11.06 | 9.65 | 10.05 | 7.48 | 7.24 | 7.26 | 7.03 |
| Interest | 16.81 | 17.04 | 14.64 | 12.59 | 10.90 | 12.25 | 12.69 |
| Profit before tax | 6.36 | 5.74 | 9.33 | 8.55 | 12.05 | 9.79 | (9.07) |
| Tax | (0.39) | (2.07) | 1.60 | 2.42 | 3.48 | 0.70 | (0.18) |
| Net profit | 6.75 | 7.81 | 7.68 | 6.10 | 7.79 | 9.05 | (8.89) |
| Net profit margin | +2.2% | +2.6% | +2.3% | +2.0% | +2.8% | +3.6% | -5.2% |
| EPS (₹) | 4.51 | 4.90 | 4.89 | 3.90 | 5.79 | 6.14 | (6.28) |
| 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 | - | 15.92 | 15.80 | 15.69 | 14.82 | 14.82 | 14.17 |
| Reserves & surplus | - | 82.90 | 77.03 | 80.34 | 71.56 | 63.56 | 51.77 |
| Shareholders' funds (net worth) | - | 98.82 | 92.83 | 96.03 | 87.32 | 79.32 | 65.94 |
| Secured loans | - | 145 | 134 | 125 | 97.84 | 104 | 98.63 |
| Unsecured loans | - | 0.00 | 0.00 | 0.00 | 0.17 | 0.21 | 0.80 |
| Total debt | - | 145 | 134 | 125 | 98.01 | 104 | 99.43 |
| Total liabilities | - | 250 | 233 | 227 | 194 | 191 | 172 |
| Assets | |||||||
| Gross block | - | 157 | 140 | 107 | 92.12 | 86.13 | 82.36 |
| Net block | - | 86.77 | 79.38 | 63.07 | 52.90 | 52.65 | 56.13 |
| Capital work in progress | - | 2.79 | 0.47 | 0.00 | 1.16 | 0.00 | 0.11 |
| Investments | - | 4.63 | 8.92 | 8.40 | 8.40 | 8.40 | 7.42 |
| Inventories | - | 103 | 87.53 | 97.69 | 73.97 | 60.12 | 67.55 |
| Sundry debtors | - | 94.85 | 102 | 94.84 | 77.91 | 69.44 | 51.66 |
| Cash & bank balances | - | 7.94 | 13.15 | 7.35 | 5.09 | 3.72 | 2.95 |
| Loans & advances | - | 39.62 | 37.25 | 70.07 | 63.29 | 59.92 | 46.55 |
| Total current assets | - | 245 | 240 | 270 | 220 | 193 | 169 |
| Total current liabilities | - | 100 | 99.65 | 117 | 93.59 | 66.56 | 63.66 |
| Net working capital | - | 145 | 140 | 152 | 127 | 127 | 105 |
| Total assets | - | 250 | 233 | 227 | 194 | 191 | 172 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 4.06 | 1.30 | 0.81 | 0.89 | 0.68 | 2.20 |
| Net cash from operating activities | - | 20.31 | 28.54 | 5.38 | 31.48 | 10.23 | 21.71 |
| Net cash from investing activities | - | (14.90) | (18.84) | (22.08) | (13.43) | (6.66) | (3.30) |
| Net cash from financing activities | - | (7.83) | (6.94) | 17.12 | (18.13) | (3.36) | (19.94) |
| Net change in cash | - | (2.42) | 2.76 | 0.42 | (0.08) | 0.21 | (1.52) |
| Closing cash | - | 7.94 | 13.15 | 7.35 | 5.09 | 3.72 | 2.95 |
| 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 | +2.7% | -10.7% | +11.7% | +8.1% | +12.5% | +46.1% | -23.5% |
| EBITDA growth | +6.4% | -4.5% | +20.0% | +11.5% | -10.9% | +279.1% | -65.7% |
| PBT growth | +10.8% | -38.5% | +9.1% | -29.1% | +23.1% | +9998.0% | - |
| Net income growth | -13.6% | +1.7% | +25.9% | -21.7% | -13.9% | +9998.0% | - |
| Revenue CAGR (3Y) | +0.8% | +2.6% | +10.7% | +21.1% | +7.9% | +5.9% | -8.9% |
| EBITDA CAGR (3Y) | +6.8% | +8.5% | +6.0% | +55.6% | +5.0% | +5.1% | -29.6% |
| Profitability & leverage | |||||||
| Net income margin | +2.2% | +2.6% | +2.3% | +2.0% | +3.1% | +3.7% | -5.2% |
| Return on capital employed | - | +9.4% | +10.4% | +10.1% | +11.3% | +12.2% | +2.0% |
| Return on net worth | - | +8.1% | +8.2% | +6.7% | +9.4% | +12.5% | -12.5% |
| Debt / equity | - | 1.45 | 1.37 | 1.22 | 1.21 | 1.40 | 1.43 |
| Long-term debt / equity | - | 0.35 | 0.35 | 0.31 | 0.23 | 0.30 | 0.36 |
| Interest cover | 79.40 | 82.60 | 67.56 | 66.44 | 66.22 | 63.31 | -1,26,900.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 2.04 | 2.74 | 3.04 | 3.15 | 2.96 | 2.15 |
| Inventory turnover | - | 3.18 | 3.66 | 3.53 | 4.18 | 3.91 | 2.49 |
| Debtors turnover | - | 3.08 | 3.44 | 3.51 | 3.81 | 4.12 | 2.91 |
| EPS (₹) | 4.51 | 4.90 | 4.89 | 3.90 | 5.79 | 6.14 | (6.28) |
| Dividend per share (₹) | 1.20 | 1.20 | 1.20 | 1.00 | 1.00 | 1.00 | 0.00 |
| Book value per share (₹) | 0.00 | 62.07 | 58.74 | 61.21 | 58.28 | 52.88 | 46.53 |
Shareholding Pattern of Bal Pharma Limited
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 50.90%, foreign institutional investors hold 0.20%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 49.00% of Bal Pharma Limited.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 50.90% | 50.90% | 50.90% | 50.90% |
| Public | 49.10% | 49.10% | 49.10% | 49.10% |
Group Structure of Bal Pharma Limited
Bal Pharma Limited has 4 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Bal Pharma Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Lifezen Healthcare Private Limited | U24230KA2014PTC077114 | - |
| Golden Drugs Private Limited | U24232KA2012PTC157474 | - |
| Aurum Research & Analytical Solutions Private Limited | U72100KA2023PTC177577 | - |
| Bal Research Foundation | U73100KA2014NPL076995 | - |
Showing major subsidiaries. Total: 4.
Charges & Borrowings of Bal Pharma Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Nov 2025 | Others | ₹4.4 Cr | Open |
| 13 Nov 2025 | Hdfc Bank Limited | ₹5 Cr | Open |
| 23 Oct 2025 | Hdfc Bank Limited | ₹24.9 Lakh | Open |
| 28 Aug 2025 | Others | ₹22 Cr | Open |
| 22 Aug 2025 | Others | ₹3 Cr | Open |
Total charge records: 41 View all charges
Employees and EPFO Compliance at Bal Pharma Limited
Bal Pharma Limited has a workforce of 715 employees as of Mar 31, 2025.
Employee and EPFO history for Bal Pharma Limited
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GST Compliance of Bal Pharma Limited
GST registrations and filing compliance for Bal Pharma Limited
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Credit Ratings, Litigation & Regulatory Alerts for Bal Pharma Limited
Credit ratings, litigation, and regulatory alerts for Bal Pharma Limited
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MSME Payment Delays by Bal Pharma Limited
MSME payment history for Bal Pharma Limited
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Subsidiaries & Group Companies of Bal Pharma Limited
Corporate group structure for Bal Pharma Limited
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MCA Filings & Documents of Bal Pharma Limited
MCA filings and documents for Bal Pharma Limited
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Recent Activity on Bal Pharma Limited
Recent News on Bal Pharma Limited
Frequently Asked Questions about Bal Pharma Limited
Bal Pharma Limited is an active public limited company in the pharma sector based in Bangalore South, Karnataka, India. It was incorporated on 19 May 1987 (39+ years old) and is registered under CIN L85110KA1987PLC008368. Listed on BSE: 524824 and NSE: BALPHARMA. The company has 715 employees.
Bal Pharma Limited reported revenue of ₹311.66 Cr for FY 2025-26 (up 2.83% YoY) based on consolidated financials.
The current directors of Bal Pharma Limited are:
- Jatish Sheth - Director
- Nicola Neeladri - Director
- Shailesh Siroya - Managing Director
- Virupakshaya Himesh - Whole-Time Director
- Bheekamchand Mukesh - Additional Director
- Ravindrakumar Kothari - Director
The primary industry of Bal Pharma Limited is pharma. The company specifically operates in api manufacturers. The company is currently active in this sector.
Yes. Bal Pharma Limited is listed on both BSE (code: 524824) and NSE (symbol: BALPHARMA).
Bal Pharma Limited can be reached at the registered office: 21 – 22 Bommasandra, Industrial Area, Bangalore South, Karnataka, India – 560099, or through the website balpharma.com.