- #1,202 Narsimha Shibroor Kamath ₹2,000 Cr

About Bliss GVS Pharma Limited
Data last updated:
Bliss GVS Pharma Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 11 December 1984 and has been in existence for over 42 years.
Its director Narsimha Shibroor Kamath is #1,202 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24230MH1984PLC034771. Its GSTIN is 27AABCB1382J1ZQ (Maharashtra). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 506197 and NSE: BLISSGVS.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.62 Cr. It was formerly known as Bliss Gvs Phrma Limited (Cn) and Bliss Chemicals and Pharmaceuticals India Limited. It is led by directors including Shruti Vishal Rao (Whole-Time Director) and Vibha Gagan Sharma (Whole-Time Director).
Its last annual general meeting (AGM) was held on 31 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 102 Hyde Park Sakivihar Road Andheri (East)., Mumbai, Maharashtra, India – 400072.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹927.11 Cr, a growth of 14.5% compared to the previous year. For the same year it recorded a net profit of ₹131.92 Cr (net margin 14.2%) and EBITDA of ₹161.54 Cr (EBITDA margin 17.4%). The net worth stands at ₹1,192.9 Cr (up 13.6% YoY). Total assets are valued at ₹1,265.32 Cr (up 6.8% YoY).
The company has about 926 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Bliss GVS. As per MCA filings, the company has open charges of ₹161 Cr and satisfied charges of ₹401.25 Cr on record. Court records list 51 cases involving the company, including 12 filed by the company and 39 filed against it; 20 cases are pending. The company has 86 deals on record (85 market trades, 1 secondary share transfer); the latest was in September 2026. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 1,629 overdue payments to 115 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website blissgvs.com.
Company details
Name history
Bliss GVS Pharma has undergone 3 name changes throughout its history. The company was previously known as Bliss Gvs Phrma Limited (Cn), Bliss Chemicals And Pharmaceuticals India Limited, and Bliss Gvs Phrma Limited (Cn). The current legal name is Bliss Gvs Pharma Limited.
| Company Name | Status |
|---|---|
| Bliss GVS Pharma Limited | Current |
| Bliss Gvs Phrma Limited (Cn) | Previous |
| Bliss Chemicals And Pharmaceuticals India Limited | Previous |
| Bliss Gvs Phrma Limited (Cn) | Previous |
CIN history
Bliss GVS Pharma has one previous CIN (Corporate Identification Number): U24230MH1984PTC034771. The current CIN is L24230MH1984PLC034771, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24230MH1984PLC034771 | Current |
| U24230MH1984PTC034771 | Previous |
Recognitions & Rankings of Bliss GVS Pharma
Contact details
Bliss GVS Pharma Limited's registered office is in Mumbai, Maharashtra. Its website is blissgvs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address102 Hyde Park Sakivihar Road Andheri (East)., Mumbai, Maharashtra, India – 400072
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Bliss GVS Pharma 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
Bliss GVS Pharma operates one associated brand: Bliss GVS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pharmaceutical products including suppositories and pessaries are manufactured. | blissgvs.com |
Business activity
The main business activity of Bliss GVS Pharma is manufacturing. In detail, this covers manufacture of basic pharmaceutical products and pharmaceutical preparations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 21 | Manufacture of basic pharmaceutical products and pharmaceutical preparations |
To see the full business activity and turnover split of Bliss GVS Pharma Limited, buy the company report.
Financials of Bliss GVS Pharma Limited
FY 2025-26 filings availableBliss GVS Pharma Limited reported revenue of ₹927.11 Cr (up 14.5% 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 | 927 | 810 | 770 | 752 | 747 | 577 | 689 |
| Revenue growth | +14.5% | +5.1% | +2.5% | +0.6% | +29.5% | -16.3% | - |
| EBITDA | 162 | 127 | 121 | 117 | 44.74 | 107 | 110 |
| EBITDA margin | +17.4% | +15.7% | +15.8% | +15.6% | +6.0% | +18.5% | +16.0% |
| Profit before tax | 190 | 126 | 117 | 106 | 54.16 | 104 | 129 |
| Net profit | 132 | 84.49 | 95.86 | 70.64 | 35.43 | 68.53 | 106 |
| Net profit margin | +14.2% | +10.4% | +12.5% | +9.4% | +4.7% | +11.9% | +15.4% |
| EPS (₹) | 12.21 | 8.00 | 7.21 | 6.80 | 1.45 | 6.64 | 9.43 |
| Balance sheet | |||||||
| Total assets | 1,265 | 1,184 | 1,106 | 1,022 | 957 | 952 | 879 |
| Net worth | 1,193 | 1,050 | 967 | 884 | 819 | 808 | 736 |
| Total debt | 21.75 | 88.10 | 99.84 | 102 | 109 | 122 | 126 |
| Cash & bank | 167 | 213 | 216 | 103 | 178 | 145 | 103 |
| Net working capital | 718 | 707 | 708 | 558 | 626 | 649 | 625 |
| Cash flow | |||||||
| Cash from operations | 139 | 106 | 103 | 34.31 | 135 | 63.97 | 46.70 |
| Cash from investing | (38.18) | (75.49) | (83.34) | (6.36) | (103) | (45.38) | (40.09) |
| Cash from financing | (89.21) | (30.20) | (20.89) | (24.94) | (23.73) | (20.80) | (6.30) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 313 | 286 | 257 | 218 | 244 | 207 | 198 | 210 |
| Revenue growth (YoY) | +28.2% | +37.7% | +29.8% | +3.7% | +12.3% | +13.0% | - | - |
| Other income | 8.30 | 9.60 | 11.19 | 18.46 | 8.46 | 35.45 | 12.07 | 15.27 |
| EBITDA | 80.59 | 76.40 | 44.44 | 32.27 | 43.48 | 41.33 | 21.09 | 29.79 |
| EBITDA margin | +25.7% | +26.8% | +17.3% | +14.8% | +17.8% | +19.9% | +10.7% | +14.2% |
| Depreciation | 10.50 | 9.94 | 8.67 | 8.35 | 8.26 | 8.20 | 8.04 | 7.55 |
| Interest | 3.30 | 0.58 | 2.01 | 1.49 | 3.04 | 5.47 | 1.68 | 1.08 |
| Profit before tax | 75.09 | 75.48 | 44.95 | 40.89 | 40.64 | 63.11 | 23.44 | 36.43 |
| Tax | 21.76 | 24.11 | 7.95 | 16.12 | 12.04 | 18.74 | 6.79 | 10.62 |
| Net profit | 53.33 | 51.37 | 37.00 | 24.77 | 28.60 | 44.37 | 16.65 | 25.81 |
| EPS (₹) | 4.81 | 4.65 | 3.28 | 2.14 | 2.54 | 4.04 | 1.46 | 2.27 |
| 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 | 730 | 667 | 605 | 598 | 636 | 466 | 442 |
| Revenue growth | +9.4% | +10.2% | +1.2% | -6.0% | +36.7% | +5.3% | - |
| EBITDA | 132 | 91.58 | 66.09 | 90.15 | 109 | 91.46 | 100 |
| EBITDA margin | +18.1% | +13.7% | +10.9% | +15.1% | +17.2% | +19.7% | +22.7% |
| Profit before tax | 133 | 94.17 | 70.26 | 116 | 126 | 91.19 | 122 |
| Net profit | 98.13 | 69.11 | 76.11 | 85.22 | 90.59 | 67.53 | 91.81 |
| Net profit margin | +13.5% | +10.4% | +12.6% | +14.2% | +14.2% | +14.5% | +20.8% |
| EPS (₹) | 9.16 | 6.55 | 4.84 | 8.21 | 8.94 | 6.54 | 8.95 |
| Balance sheet | |||||||
| Total assets | 1,180 | 1,131 | 1,069 | 1,020 | 942 | 850 | 778 |
| Net worth | 1,155 | 1,059 | 988 | 937 | 851 | 756 | 683 |
| Total debt | 13.23 | 67.72 | 77.50 | 80.57 | 89.91 | 91.84 | 93.09 |
| Cash & bank | 111 | 171 | 169 | 84.61 | 149 | 120 | 86.62 |
| Net working capital | 662 | 676 | 691 | 614 | 662 | 588 | 572 |
| Cash flow | |||||||
| Cash from operations | 123 | 97.21 | 82.17 | 43.81 | 114 | 66.97 | 63.22 |
| Cash from investing | (51.30) | (77.97) | (65.84) | (12.97) | (92.28) | (61.62) | (60.14) |
| Cash from financing | (75.37) | (26.56) | (20.76) | (26.05) | (12.62) | (11.67) | (5.83) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 261 | 222 | 212 | 165 | 190 | 163 | 156 | 180 |
| Revenue growth (YoY) | +37.3% | +35.7% | +35.6% | -8.3% | +4.2% | +9.7% | - | - |
| Other income | 48.52 | 8.76 | 9.66 | 10.23 | 13.59 | 10.59 | 9.36 | 11.66 |
| Total expenses | 201 | 170 | 167 | 140 | 160 | 131 | 142 | 154 |
| EBITDA | 60.44 | 51.87 | 44.15 | 24.34 | 30.27 | 32.76 | 13.73 | 25.73 |
| EBITDA margin | +23.1% | +23.4% | +20.9% | +14.8% | +15.9% | +20.1% | +8.8% | +14.3% |
| Depreciation | 9.47 | 9.03 | 7.84 | 7.80 | 7.69 | 7.68 | 7.43 | 6.96 |
| Interest | 1.12 | 0.39 | 1.81 | 1.48 | 2.71 | 5.11 | 1.30 | 0.67 |
| Profit before tax | 98.37 | 51.21 | 44.16 | 25.29 | 33.46 | 30.56 | 14.36 | 29.76 |
| Tax | 24.80 | 12.59 | 11.74 | 6.68 | 8.66 | 9.51 | 2.91 | 8.72 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 313 | 286 | 257 | 218 | 244 | 207 | 198 | 210 |
| Revenue growth (YoY) | +28.2% | +37.7% | +29.8% | +3.7% | +12.3% | +13.0% | - | - |
| Other income | 8.30 | 9.60 | 11.19 | 18.46 | 8.46 | 35.45 | 12.07 | 15.27 |
| EBITDA | 80.59 | 76.40 | 44.44 | 32.27 | 43.48 | 41.33 | 21.09 | 29.79 |
| EBITDA margin | +25.7% | +26.8% | +17.3% | +14.8% | +17.8% | +19.9% | +10.7% | +14.2% |
| Depreciation | 10.50 | 9.94 | 8.67 | 8.35 | 8.26 | 8.20 | 8.04 | 7.55 |
| Interest | 3.30 | 0.58 | 2.01 | 1.49 | 3.04 | 5.47 | 1.68 | 1.08 |
| Profit before tax | 75.09 | 75.48 | 44.95 | 40.89 | 40.64 | 63.11 | 23.44 | 36.43 |
| Tax | 21.76 | 24.11 | 7.95 | 16.12 | 12.04 | 18.74 | 6.79 | 10.62 |
| Net profit | 53.33 | 51.37 | 37.00 | 24.77 | 28.60 | 44.37 | 16.65 | 25.81 |
| EPS (₹) | 4.81 | 4.65 | 3.28 | 2.14 | 2.54 | 4.04 | 1.46 | 2.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 927 | 810 | 770 | 752 | 747 | 577 | 689 |
| Revenue growth | +14.5% | +5.1% | +2.5% | +0.6% | +29.5% | -16.3% | - |
| Other income | 73.53 | 36.49 | 28.74 | 17.79 | 31.49 | 20.22 | 39.19 |
| Total expenses | 766 | 683 | 649 | 634 | 703 | 471 | 579 |
| Employee cost | 136 | 112 | 95.58 | 86.17 | 76.15 | 68.09 | 53.69 |
| EBITDA | 162 | 127 | 121 | 117 | 44.74 | 107 | 110 |
| EBITDA margin | +17.4% | +15.7% | +15.8% | +15.6% | +6.0% | +18.5% | +16.0% |
| Depreciation | 33.48 | 29.42 | 26.38 | 18.67 | 17.33 | 17.23 | 12.59 |
| Interest | 12.01 | 8.12 | 6.91 | 10.36 | 4.74 | 5.51 | 7.57 |
| Profit before tax | 190 | 126 | 117 | 106 | 54.16 | 104 | 129 |
| Tax | 54.86 | 35.39 | 35.29 | 29.34 | 31.04 | 30.15 | 33.72 |
| Net profit | 132 | 84.49 | 95.86 | 70.64 | 35.43 | 68.53 | 106 |
| Net profit margin | +14.2% | +10.4% | +12.5% | +9.4% | +4.7% | +11.9% | +15.4% |
| EPS (₹) | 12.21 | 8.00 | 7.21 | 6.80 | 1.45 | 6.64 | 9.43 |
| 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 | 10.58 | 10.54 | 10.47 | 10.42 | 10.37 | 10.31 | 10.31 |
| Reserves & surplus | 1,182 | 1,040 | 957 | 873 | 808 | 798 | 725 |
| Shareholders' funds (net worth) | 1,193 | 1,050 | 967 | 884 | 819 | 808 | 736 |
| Minority interest | 38.86 | 41.47 | 35.79 | 33.53 | 27.76 | 19.66 | 14.76 |
| Secured loans | 2.93 | 70.97 | 62.56 | 71.36 | 68.31 | 97.64 | 104 |
| Unsecured loans | 18.82 | 17.13 | 37.28 | 30.54 | 41.08 | 24.26 | 22.50 |
| Total debt | 21.75 | 88.10 | 99.84 | 102 | 109 | 122 | 126 |
| Total liabilities | 1,265 | 1,184 | 1,106 | 1,022 | 957 | 952 | 879 |
| Assets | |||||||
| Gross block | 608 | 532 | 468 | 459 | 344 | 286 | 277 |
| Net block | 459 | 406 | 370 | 379 | 281 | 234 | 242 |
| Capital work in progress | 6.05 | 20.71 | 7.83 | 2.80 | 22.15 | 2.39 | 0.00 |
| Investments | 4.97 | 4.38 | 4.17 | 7.80 | 2.39 | 0.01 | 0.02 |
| Inventories | 151 | 126 | 118 | 103 | 124 | 98.93 | 76.92 |
| Sundry debtors | 517 | 439 | 404 | 385 | 393 | 464 | 548 |
| Cash & bank balances | 167 | 213 | 216 | 103 | 178 | 145 | 103 |
| Loans & advances | 110 | 45.99 | 71.90 | 101 | 82.64 | 57.91 | 44.37 |
| Total current assets | 945 | 824 | 810 | 692 | 777 | 765 | 773 |
| Total current liabilities | 227 | 117 | 102 | 135 | 150 | 116 | 147 |
| Net working capital | 718 | 707 | 708 | 558 | 626 | 649 | 625 |
| Total assets | 1,265 | 1,184 | 1,106 | 1,022 | 957 | 952 | 879 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 23.82 | 23.59 | 25.01 | 21.99 | 13.13 | 15.34 | 15.04 |
| Net cash from operating activities | 139 | 106 | 103 | 34.31 | 135 | 63.97 | 46.70 |
| Net cash from investing activities | (38.18) | (75.49) | (83.34) | (6.36) | (103) | (45.38) | (40.09) |
| Net cash from financing activities | (89.21) | (30.20) | (20.89) | (24.94) | (23.73) | (20.80) | (6.30) |
| Net change in cash | 11.32 | 0.23 | (1.42) | 3.02 | 8.85 | (2.21) | 0.30 |
| Closing cash | 167 | 213 | 216 | 103 | 178 | 145 | 103 |
| 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 | +14.5% | +5.1% | +2.5% | +0.6% | +29.5% | -16.3% | - |
| EBITDA growth | +27.5% | +4.3% | +3.5% | +162.2% | -58.1% | -3.0% | - |
| PBT growth | +50.9% | +7.5% | +10.2% | +95.9% | -48.0% | -19.3% | -29.1% |
| Net income growth | +56.1% | -11.9% | +35.7% | +99.4% | -48.3% | -35.5% | - |
| Revenue CAGR (3Y) | +7.3% | +2.7% | +10.1% | +2.9% | -6.0% | -10.9% | -4.8% |
| EBITDA CAGR (3Y) | +11.3% | +41.5% | +4.4% | +2.2% | -34.3% | -13.2% | -18.5% |
| Profitability & leverage | |||||||
| Net income margin | +14.5% | +11.2% | +10.6% | +10.2% | +3.1% | +12.8% | +13.8% |
| Return on capital employed | +17.0% | +12.1% | +14.8% | +12.1% | +14.2% | +12.2% | +16.9% |
| Return on net worth | +12.0% | +9.0% | +11.0% | +9.0% | +5.4% | +9.6% | +13.8% |
| Debt / equity | 0.05 | 0.09 | 0.11 | 0.12 | 0.14 | 0.16 | 0.17 |
| Long-term debt / equity | 0.02 | 0.04 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 |
| Interest cover | 9.38 | 8.35 | 7.27 | 10.50 | 17.29 | 6.16 | 7.78 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.63 | 1.62 | 1.66 | 1.87 | 2.37 | 2.05 | 3.08 |
| Inventory turnover | 6.71 | 6.63 | 6.95 | 6.62 | 6.71 | 6.56 | 8.94 |
| Debtors turnover | 1.94 | 1.92 | 1.95 | 1.93 | 1.75 | 1.14 | 1.37 |
| EPS (₹) | 12.21 | 8.00 | 7.21 | 6.80 | 1.45 | 6.64 | 9.43 |
| Dividend per share (₹) | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 |
| Book value per share (₹) | 112.76 | 99.68 | 92.38 | 84.87 | 78.97 | 78.36 | 71.32 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 261 | 222 | 212 | 165 | 190 | 163 | 156 | 180 |
| Revenue growth (YoY) | +37.3% | +35.7% | +35.6% | -8.3% | +4.2% | +9.7% | - | - |
| Other income | 48.52 | 8.76 | 9.66 | 10.23 | 13.59 | 10.59 | 9.36 | 11.66 |
| Total expenses | 201 | 170 | 167 | 140 | 160 | 131 | 142 | 154 |
| EBITDA | 60.44 | 51.87 | 44.15 | 24.34 | 30.27 | 32.76 | 13.73 | 25.73 |
| EBITDA margin | +23.1% | +23.4% | +20.9% | +14.8% | +15.9% | +20.1% | +8.8% | +14.3% |
| Depreciation | 9.47 | 9.03 | 7.84 | 7.80 | 7.69 | 7.68 | 7.43 | 6.96 |
| Interest | 1.12 | 0.39 | 1.81 | 1.48 | 2.71 | 5.11 | 1.30 | 0.67 |
| Profit before tax | 98.37 | 51.21 | 44.16 | 25.29 | 33.46 | 30.56 | 14.36 | 29.76 |
| Tax | 24.80 | 12.59 | 11.74 | 6.68 | 8.66 | 9.51 | 2.91 | 8.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 730 | 667 | 605 | 598 | 636 | 466 | 442 |
| Revenue growth | +9.4% | +10.2% | +1.2% | -6.0% | +36.7% | +5.3% | - |
| Other income | 43.72 | 36.22 | 33.50 | 50.77 | 35.37 | 17.68 | 37.00 |
| Total expenses | 598 | 576 | 539 | 508 | 527 | 374 | 342 |
| Employee cost | 122 | 99.42 | 82.59 | 72.54 | 65.06 | 58.61 | 44.02 |
| EBITDA | 132 | 91.58 | 66.09 | 90.15 | 109 | 91.46 | 100 |
| EBITDA margin | +18.1% | +13.7% | +10.9% | +15.1% | +17.2% | +19.7% | +22.7% |
| Depreciation | 31.02 | 27.05 | 23.52 | 15.17 | 13.85 | 13.76 | 8.83 |
| Interest | 11.11 | 6.58 | 5.81 | 10.06 | 4.32 | 4.19 | 6.62 |
| Profit before tax | 133 | 94.17 | 70.26 | 116 | 126 | 91.19 | 122 |
| Tax | 36.59 | 25.20 | 19.62 | 30.21 | 33.73 | 23.68 | 29.37 |
| Net profit | 98.13 | 69.11 | 76.11 | 85.22 | 90.59 | 67.53 | 91.81 |
| Net profit margin | +13.5% | +10.4% | +12.6% | +14.2% | +14.2% | +14.5% | +20.8% |
| EPS (₹) | 9.16 | 6.55 | 4.84 | 8.21 | 8.94 | 6.54 | 8.95 |
| 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 | 10.58 | 10.54 | 10.47 | 10.42 | 10.37 | 10.31 | 10.31 |
| Reserves & surplus | 1,145 | 1,048 | 978 | 927 | 841 | 745 | 673 |
| Shareholders' funds (net worth) | 1,155 | 1,059 | 988 | 937 | 851 | 756 | 683 |
| Secured loans | 0.00 | 23.10 | 45.83 | 65.71 | 64.69 | 67.87 | 71.49 |
| Unsecured loans | 13.23 | 44.62 | 31.67 | 14.86 | 25.22 | 23.97 | 21.60 |
| Total debt | 13.23 | 67.72 | 77.50 | 80.57 | 89.91 | 91.84 | 93.09 |
| Total liabilities | 1,180 | 1,131 | 1,069 | 1,020 | 942 | 850 | 778 |
| Assets | |||||||
| Gross block | 555 | 478 | 414 | 386 | 270 | 212 | 203 |
| Net block | 420 | 369 | 331 | 326 | 225 | 175 | 180 |
| Capital work in progress | 4.40 | 20.58 | 7.83 | 2.80 | 22.15 | 2.39 | 0.00 |
| Investments | 18.69 | 18.69 | 18.69 | 18.26 | 18.26 | 18.30 | 18.31 |
| Inventories | 111 | 81.94 | 89.45 | 74.15 | 90.11 | 83.68 | 60.57 |
| Sundry debtors | 457 | 429 | 400 | 399 | 409 | 349 | 405 |
| Cash & bank balances | 111 | 171 | 169 | 84.61 | 149 | 120 | 86.62 |
| Loans & advances | 148 | 83.99 | 114 | 172 | 143 | 125 | 90.55 |
| Total current assets | 826 | 766 | 772 | 730 | 792 | 677 | 643 |
| Total current liabilities | 164 | 89.42 | 81.72 | 116 | 130 | 88.59 | 70.94 |
| Net working capital | 662 | 676 | 691 | 614 | 662 | 588 | 572 |
| Total assets | 1,180 | 1,131 | 1,069 | 1,020 | 942 | 850 | 778 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 6.85 | 14.17 | 18.60 | 13.82 | 4.67 | 11.00 | 13.75 |
| Net cash from operating activities | 123 | 97.21 | 82.17 | 43.81 | 114 | 66.97 | 63.22 |
| Net cash from investing activities | (51.30) | (77.97) | (65.84) | (12.97) | (92.28) | (61.62) | (60.14) |
| Net cash from financing activities | (75.37) | (26.56) | (20.76) | (26.05) | (12.62) | (11.67) | (5.83) |
| Net change in cash | (3.52) | (7.32) | (4.43) | 4.79 | 9.14 | (6.33) | (2.75) |
| Closing cash | 111 | 171 | 169 | 84.61 | 149 | 120 | 86.62 |
| 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 | +9.4% | +10.2% | +1.2% | -6.0% | +36.7% | +5.3% | - |
| EBITDA growth | +44.0% | +38.6% | -26.7% | -17.5% | +19.4% | -8.7% | - |
| PBT growth | +41.7% | +34.0% | -39.3% | -8.5% | +38.6% | -25.1% | +1.4% |
| Net income growth | +42.0% | -9.2% | -10.7% | -5.9% | +34.2% | -26.5% | - |
| Revenue CAGR (3Y) | +6.8% | +1.6% | +9.2% | +10.6% | +14.3% | +16.0% | +8.3% |
| EBITDA CAGR (3Y) | +13.5% | -5.7% | -10.3% | -3.5% | +5.5% | +1.1% | -0.3% |
| Profitability & leverage | |||||||
| Net income margin | +13.3% | +10.3% | +8.4% | +14.3% | +14.6% | +14.5% | +20.9% |
| Return on capital employed | +12.5% | +9.2% | +11.2% | +12.8% | +14.6% | +11.7% | +17.6% |
| Return on net worth | +8.8% | +6.7% | +7.9% | +9.6% | +11.5% | +9.4% | +14.4% |
| Debt / equity | 0.04 | 0.07 | 0.08 | 0.10 | 0.11 | 0.13 | 0.13 |
| Long-term debt / equity | 0.02 | 0.04 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 |
| Interest cover | 11.02 | 10.20 | 13.65 | 13.42 | 4.53 | 5.39 | 7.25 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.41 | 1.50 | 1.51 | 1.82 | 2.64 | 2.25 | 2.97 |
| Inventory turnover | 7.57 | 7.79 | 7.40 | 7.29 | 7.32 | 6.45 | 7.66 |
| Debtors turnover | 1.65 | 1.61 | 1.52 | 1.48 | 1.68 | 1.24 | 1.18 |
| EPS (₹) | 9.16 | 6.55 | 4.84 | 8.21 | 8.94 | 6.54 | 8.95 |
| Dividend per share (₹) | 0.10 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 |
| Book value per share (₹) | 109.20 | 100.47 | 94.41 | 89.96 | 82.12 | 73.26 | 66.21 |
To see the full year-wise statements and ratios of Bliss GVS Pharma Limited, buy the company report.
Board of directors and KMP of Bliss GVS Pharma Limited
Bliss GVS Pharma Limited currently reports 5 directors and 3 key managerial personnel. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shruti Vishal Rao Also directs: GVSK LLP, Kremoint Pharma Private Limited | Whole-Time Director | 27 Jul 2006 | 20 Years 3 Months | Current |
| Vibha Gagan Sharma Also directs: GVSK LLP, Kremoint Pharma Private Limited | Whole-Time Director | 29 Jul 2008 | 18 Years 3 Months | Current |
| Shilpa Bhatia Also directs: Amj Land Holdings Limited, Aeroflex Industries Limited | Director | 11 Feb 2020 | 6 Years 8 Months | Current |
| Santosh Laxman Parab | Director | 24 May 2016 | 10 Years 5 Months | Current |
| Aditi Himanshu Bhatt | Company Secretary | 09 Aug 2018 | 8 Years 3 Months | Current |
| Narsimha Shibroor Kamath Also directs: GVSK LLP, Jayvin Developer LLP | Ceo | 10 Oct 2025 | 1 Years 1 Months | Current |
Auditor
Bliss GVS Pharma Limited is audited by KALYANIWALLA & MISTRY LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALYANIWALLA & MISTRY LLP | FY 2025 | 104607W/W100166 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 35.00%, foreign institutional investors hold 8.10%, domestic institutional investors hold 9.40% and retail and other public shareholders hold 47.50%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 35.00% | 35.40% | 35.40% | 35.40% |
| Public | 65.00% | 64.60% | 64.60% | 64.60% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Sep 2023 | 100791236 | Others | ₹75 Cr | Open | |
| 21 Nov 2020 | 100411042 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 07 Oct 2006 | 10026649 | Others | ₹85 Cr | Open | |
| 16 Dec 2023 | 100843177 | Others | ₹35 Cr | Satisfied | |
| 17 Sep 2021 | 100488249 | Others | ₹65 Cr | Satisfied |
To see the full charge records of Bliss GVS Pharma Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Bliss GVS Pharma Limited has 86 deals on record (85 market trades, 1 secondary share transfer); the latest was in September 2026.
Deals on record (5 of 86)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Secondary share transfer | Undisclosed | Buyer: Anupam Rasayan India Limited |
| May 2026 | Market trade | ₹23.67 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Mar 2026 | Market trade | ₹13.07 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Mar 2026 | Market trade | ₹15.24 Cr | Buyer: Ratnabali Equity Private Limited |
| Mar 2026 | Market trade | ₹15.21 Cr | Seller: Ratnabali Equity Private Limited |
To see the full deal history of Bliss GVS Pharma 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
Bliss GVS Pharma Limited has 51 court cases on record: 12 filed by Bliss GVS Pharma, 39 filed against it. 20 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 29 | 13 |
| High courts | 18 | 10 | 7 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 51)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by JM Financial Asset Reconstruction Company Limited | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by JM Financial Asset Reconstruction Company Limited | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by JM Financial Asset Reconstruction Company Limited Through Authorized Officer | Disposed |
| Bombay High Court | Court case (COMIP) | Filed by the company against Nem Laboratories Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (NMCD) | Filed by the company against Nem Laboratories Pvt. Ltd. | Disposed |
To see the full case history of Bliss GVS Pharma 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.
Credit ratings & regulatory alerts
Bliss GVS Pharma Limited was last rated by Crisil on 19 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Nov 2019 |
To see the full credit ratings and regulatory alerts of Bliss GVS Pharma Limited, buy the company report.
MSME payment delays
Bliss GVS Pharma Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 1,629 overdue payments to 115 micro and small suppliers. 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 (5 of 115)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Suprim Chemicals | |||
| an individual supplier | |||
| an individual supplier | |||
| Innovative Print Pack Private Limited | |||
| Jagatguru Printing Private Limited |
To see the full MSME payment records of Bliss GVS Pharma Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Bliss GVS Pharma has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Kremoint Pharma Pvt. Ltd. | U24230MH1992PTC066737 |
To see the full group structure of Bliss GVS Pharma Limited, buy the company report.
Employees & EPFO
Bliss GVS Pharma Limited has a workforce of 926 employees on its EPFO records as of Mar 31, 2025, across 1 active EPFO establishment.
GST
Bliss GVS Pharma has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB1382J1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 24AABCB1382J2ZV | Gujarat | Active | 18 Nov 2021 |
To see the full GST registrations and return filing status of Bliss GVS Pharma Limited, buy the company report.
Recent activity
Bliss GVS Pharma Limited has 34 board changes on record since 1984: 21 appointments and 13 cessations. The latest: Gagan Harsh Sharma ceased to be Managing Director on 06 Nov 2025.
81 earlier events are in the company report.
News
Frequently asked questions
Bliss GVS Pharma is an active public limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 11 December 1984 (42+ years old) and is registered under CIN L24230MH1984PLC034771. Listed on BSE: 506197 and NSE: BLISSGVS.
Bliss GVS Pharma reported revenue of ₹927.11 Cr for FY 2025-26 (up 14.5% YoY) based on consolidated financials.
Bliss GVS Pharma has 8 current directors and KMP:
- Shruti Vishal Rao - Whole-Time Director
- Vibha Gagan Sharma - Whole-Time Director
- Shilpa Bhatia - Director
- Santosh Laxman Parab - Director
- Nandkumar Kashinath Chodankar - Director
- Aditi Himanshu Bhatt - Company Secretary
- Narsimha Shibroor Kamath - Ceo
- Deepak Bhalchandra Sawant - Cfo
The latest financial statements of Bliss GVS Pharma on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bliss GVS Pharma is 27AABCB1382J1ZQ, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AABCB1382J2ZV (Gujarat).
The CIN (Corporate Identification Number) of Bliss GVS Pharma is L24230MH1984PLC034771. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Bliss GVS Pharma is a listed company as per MCA records. Its shares are listed on both BSE (code: 506197) and NSE (symbol: BLISSGVS).
Bliss GVS Pharma has 51 court cases on record: 12 filed by the company and 39 filed against it. 20 are pending. Most are in the district courts.
Bliss GVS Pharma was incorporated on 11 December 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Bliss GVS Pharma has 86 deals on record (85 market trades, 1 secondary share transfer); the latest was in September 2026.
Gagan Harsh Sharma ceased to be Managing Director on 06 Nov 2025. Narsimha Shibroor Kamath was appointed as CEO on 10 Oct 2025. Subramanian Ramaswamy Vaidya ceased to be Director on 27 Aug 2024. Bliss GVS Pharma has 34 board changes on record in total.

