Choksi Laboratories Limited - pharma in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
CIN L85195MP1993PLC007471 Incorporated 29 January 1993 ROC Gwalior HQ Indore, Madhya Pradesh, India
Active Listed - BSE: 526546 Public Limited Company pharma MSME · Medium
Market Cap
₹137 Cr
CHOKSILA · BSE
Share Price
₹195.00
-0.51% today
Revenue
₹46.01 Cr
FY 2025-26 · +10.1% YoY
EBITDA
₹12.18 Cr
Margin 26.5%
Net Profit
₹1.04 Cr
FY 2025-26 · -31.6% YoY
P/E (TTM)
72.8x
P/B 5.4x
ROE
4.2%
ROCE 9.1%
Debt / Equity
1.29
Interest cover 56.2x

About Choksi Laboratories Limited

Data last updated:

Choksi Laboratories Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the pharma contract r and d segment of the pharmaceuticals sector. It was incorporated on 29 January 1993 and has been in existence for over 33 years.

The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L85195MP1993PLC007471. Its GSTIN is 23AABCC2523L1Z0 (Madhya Pradesh). 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: 526546.

The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹6.97 Cr. It was formerly known as Choksi Analytical Services Limited. It is led by directors including Sunil Kumar Choksi (Managing Director) and Himika Choksi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 1 Near Tulsiyana Industrial Park, Indore, Madhya Pradesh.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹46.01 Cr, a growth of 10.1% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Cr (net margin 2.3%) and EBITDA of ₹12.18 Cr (EBITDA margin 26.5%). The net worth stands at ₹25.58 Cr (up 8.3% YoY). Total assets are valued at ₹61.84 Cr (up 13.2% YoY).

The company has about 369 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Choksi Laboratories. As per MCA filings, the company has open charges of ₹34.16 Cr and satisfied charges of ₹49.89 Cr on record. Court records list 18 cases involving the company, including 12 filed by the company and 6 filed against it; 4 cases are pending. The company has 74 deals on record (74 market trades); the latest was in September 2026. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 91 overdue payments to 16 micro and small suppliers.

Choksi Laboratories Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0018547). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website choksilab.com.

Company details

CIN L85195MP1993PLC007471
Registration Number 007471
Incorporation Date 29 January 1993
ROC Gwalior
Listing Status Listed - Listed on BSE (526546)
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MP-23-0018547

Recognitions & Rankings of Choksi Laboratories

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MP-23-0018547

Contact details

Choksi Laboratories Limited's registered office is in Indore, Madhya Pradesh. Its website is choksilab.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Survey No 9/1 Near Tulsiyana Industrial Park Gram Kum, Erdi, Indore, Madhya Pradesh, India – 452010
  • Industry
    Pharma, Pharma Contract R&D

To see the full contact details of Choksi Laboratories Limited, buy the company report.

Comprehensive company report
Choksi Laboratories Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Choksi Laboratories operates one associated brand: Choksi Laboratories. Each brand links to its own profile.

BrandDescriptionWebsite
Laboratory services for pharmaceutical and food analysis are provided.choksilab.com

Business activity

The main business activity of Choksi Laboratories is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM4Architecture, engineering activities, technical testing and analysis activities

To see the full business activity and turnover split of Choksi Laboratories Limited, buy the company report.

Financials of Choksi Laboratories Limited

FY 2025-26 filings available

Choksi Laboratories Limited reported revenue of ₹46.01 Cr (up 10.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹46.01 Cr
+10.1% YoY
EBITDA
₹12.18 Cr
+7.8% YoY
Profit After Tax
₹1.04 Cr
-31.6% YoY
Net Worth
₹25.58 Cr
+8.3% YoY
Total Assets
₹61.84 Cr
+13.2% YoY
Total Debt
₹34.17 Cr
+17.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue46.0141.7836.7034.4430.0425.6928.16
Revenue growth+10.1%+13.8%+6.6%+14.7%+16.9%-8.8%-
EBITDA12.1811.3010.279.708.904.120.41
EBITDA margin+26.5%+27.1%+28.0%+28.2%+29.6%+16.0%+1.5%
Profit before tax3.202.151.663.720.36(2.81)(5.71)
Net profit1.041.521.111.640.20(2.62)(0.75)
Net profit margin+2.3%+3.6%+3.0%+4.8%+0.7%-10.2%-2.7%
EPS (₹)2.822.191.594.610.30(3.74)(5.58)
Balance sheet
Total assets61.8454.6554.9055.0556.5857.9654.82
Net worth25.5823.6122.2221.1117.9117.7520.23
Total debt34.1729.1530.8732.4137.2939.1531.64
Cash & bank0.210.610.660.340.410.310.43
Net working capital8.805.647.528.646.184.616.36
Cash flow
Cash from operations7.8611.7811.558.257.885.902.87
Cash from investing(7.07)(7.61)(6.65)(0.71)(2.71)(7.65)(13.76)
Cash from financing(1.20)(4.22)(4.58)(7.61)(5.07)1.6311.09
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue12.0612.8210.8211.1211.2411.4010.389.26
Revenue growth (YoY)+7.3%+12.5%+4.2%+20.1%+4.7%---
Other income0.020.060.890.010.000.040.010.01
Total expenses8.789.188.178.198.347.907.846.90
EBITDA3.283.642.652.932.903.502.542.36
EBITDA margin+27.2%+28.4%+24.5%+26.3%+25.8%+30.7%+24.5%+25.5%
Depreciation1.971.891.831.691.681.701.681.61
Interest0.730.710.810.690.600.580.690.66
Profit before tax0.601.100.900.560.621.260.180.10
Tax0.020.070.590.320.240.340.080.02

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue12.0612.8210.8211.1211.2411.4010.389.26
Revenue growth (YoY)+7.3%+12.5%+4.2%+20.1%+4.7%---
Other income0.020.060.890.010.000.040.010.01
Total expenses8.789.188.178.198.347.907.846.90
EBITDA3.283.642.652.932.903.502.542.36
EBITDA margin+27.2%+28.4%+24.5%+26.3%+25.8%+30.7%+24.5%+25.5%
Depreciation1.971.891.831.691.681.701.681.61
Interest0.730.710.810.690.600.580.690.66
Profit before tax0.601.100.900.560.621.260.180.10
Tax0.020.070.590.320.240.340.080.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue46.0141.7836.7034.4430.0425.6928.16
Revenue growth+10.1%+13.8%+6.6%+14.7%+16.9%-8.8%-
Other income0.970.070.163.040.120.490.33
Total expenses33.8330.4826.4324.7421.1421.5727.75
Employee cost16.6215.2213.0312.0011.0410.7811.70
EBITDA12.1811.3010.279.708.904.120.41
EBITDA margin+26.5%+27.1%+28.0%+28.2%+29.6%+16.0%+1.5%
Depreciation7.096.505.715.505.434.604.56
Interest2.862.723.063.523.232.821.89
Profit before tax3.202.151.663.720.36(2.81)(5.71)
Tax1.230.630.550.510.16(0.20)(1.83)
Net profit1.041.521.111.640.20(2.62)(0.75)
Net profit margin+2.3%+3.6%+3.0%+4.8%+0.7%-10.2%-2.7%
EPS (₹)2.822.191.594.610.30(3.74)(5.58)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital6.976.976.976.976.976.976.97
Reserves & surplus18.6116.6415.2514.1410.9410.7813.26
Shareholders' funds (net worth)25.5823.6122.2221.1117.9117.7520.23
Secured loans27.8328.0729.2730.3533.7735.1430.36
Unsecured loans6.341.081.602.063.524.011.28
Total debt34.1729.1530.8732.4137.2939.1531.64
Total liabilities61.8454.6554.9055.0556.5857.9654.82
Assets
Gross block94.1384.7274.3170.9468.7167.5645.94
Net block51.5547.6243.4444.8346.5650.3233.08
Capital work in progress0.400.002.990.311.670.5013.06
Investments0.000.000.000.000.000.000.00
Inventories0.240.560.360.210.250.110.18
Sundry debtors14.7311.2710.3910.6510.298.166.99
Cash & bank balances0.210.610.660.340.410.310.43
Loans & advances3.703.883.162.753.064.458.95
Total current assets18.8816.3214.5713.9514.0113.0316.55
Total current liabilities10.0810.687.055.317.838.4210.19
Net working capital8.805.647.528.646.184.616.36
Total assets61.8454.6554.9055.0556.5857.9654.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.610.660.340.410.310.430.23
Net cash from operating activities7.8611.7811.558.257.885.902.87
Net cash from investing activities(7.07)(7.61)(6.65)(0.71)(2.71)(7.65)(13.76)
Net cash from financing activities(1.20)(4.22)(4.58)(7.61)(5.07)1.6311.09
Net change in cash(0.41)(0.04)0.32(0.07)0.10(0.12)0.20
Closing cash0.210.610.660.340.410.310.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+10.1%+13.8%+6.6%+14.7%+16.9%-8.8%-
EBITDA growth+7.8%+10.0%+5.9%+9.0%+116.0%+904.9%-
PBT growth+48.8%+29.5%-55.4%+933.3%+9998.0%+50.8%-
Net income growth-31.6%+36.9%-32.3%+720.0%+107.6%-249.3%-
Revenue CAGR (3Y)+10.1%+11.6%+12.6%+6.9%-3.8%-5.5%-0.7%
EBITDA CAGR (3Y)+7.9%+8.3%+35.6%+187.1%+7.0%-13.4%-55.9%
Profitability & leverage
Net income margin+4.3%+3.6%+3.0%+9.3%+0.7%-10.2%-13.8%
Return on capital employed+9.1%+8.9%+8.6%+8.9%+6.3%+0.0%-1.4%
Return on net worth+4.2%+6.6%+5.1%+8.4%+1.2%-13.7%-3.4%
Debt / equity1.291.311.461.792.141.861.10
Long-term debt / equity0.750.761.021.451.791.590.95
Interest cover56.1956.6767.1183.8193.08-587.50-45.54
Efficiency & per share
Fixed asset turnover0.510.530.510.490.440.450.62
Inventory turnover115.0390.83128.77149.74166.89177.1795.46
Debtors turnover3.543.863.493.293.263.393.57
EPS (₹)2.822.191.594.610.30(3.74)(5.58)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)36.7233.8931.8930.3125.7025.4829.03

To see the full year-wise statements and ratios of Choksi Laboratories Limited, buy the company report.

Board of directors of Choksi Laboratories Limited

Choksi Laboratories has 8 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Himika ChoksiWhole-Time Director01 Mar 20179 Years 8 MonthsCurrent
Raghmendra SinghDirector13 Aug 20224 Years 3 MonthsCurrent
Vyangesh ChoksiWhole-Time Director01 Aug 200917 Years 3 MonthsCurrent
Sunil Kumar ChoksiManaging Director01 Sep 200818 Years 2 MonthsCurrent
Stela ChoksiWhole-Time Director01 Apr 201115 Years 7 MonthsCurrent
Prachi MantriDirector03 Feb 20242 Years 9 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Choksi Laboratories Limited is audited by Prateek Jain & Co for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Prateek Jain & CoFY 2023009494C

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 31.50%, foreign institutional investors hold 6.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 62.50%.

Promoters: 31.50%FII (Foreign Institutional): 6.00%Retail & Others: 62.50%
Mar 2026
QUARTER
31.50% Promoters
6.00% FII (Foreign Institutional)
62.50% Retail & Others
Promoter holding - history
Now 31.50% · Mar 2026High 31.50% · Jun 2025Low 31.50% · Jun 2025
30%30.8%31.5%32.3%33%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 31.50%Sep 2025: 31.50%Dec 2025: 31.50%Mar 2026: 31.50%31.50%31.50%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters31.50%31.50%31.50%31.50%
Public68.50%68.50%68.50%68.50%

Charges & borrowings

Open charges
₹34.16 Cr
Satisfied charges
₹49.89 Cr
Breakdown by lending institutions
State Bank of India₹33.15 Cr
Hdfc Bank Limited₹0.81 Cr
Uco Bank₹0.20 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 May 2026101303333Hdfc Bank Limited₹18.49 LakhOpen
31 May 2025101113240Hdfc Bank Limited₹12.5 LakhOpen
23 Jan 2025101052582State Bank of India₹6.75 CrOpen
21 May 2024100933492Hdfc Bank Limited₹50 LakhOpen
10 Oct 2023100790610State Bank of India₹68 LakhOpen

To see the full charge records of Choksi Laboratories Limited, buy the company report.

Total charge records: 39 View all charges

Deals & funding

Choksi Laboratories Limited has 74 deals on record (74 market trades); the latest was in September 2026.

Total deals
74
Market trades
74

Deals on record (5 of 74)

WhenDealAmountParties
Aug 2026Market trade₹2.33 CrBuyer: Nexus Global Opportunities Fund
Seller: Emkay Commercial Company Limited, Asc Consulting Private Limited
May 2026Market trade₹72.1 LakhBuyer: Nexus Global Opportunities Fund
Seller: CSG Financial & Management Services Private Limited
Nov 2025Market trade₹57.6 LakhSeller: Essence Dealmark Private Limited
May 2025Market trade₹52.8 LakhBuyer: Alankit Imaginations Limited
Seller: PSR Wealth Advisors LLP
May 2025Market trade₹1 CrBuyer: Alankit Imaginations Limited , Nexus Global Opportunities Fund, an individual
Seller: an individual

To see the full deal history of Choksi Laboratories Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Choksi Laboratories Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 91 overdue payments to 16 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 16)

SupplierAmount dueDue sinceReported on
an individual supplier
P.K.Carbonics P.Ltd
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Choksi Laboratories Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Choksi Laboratories Limited has a workforce of 369 employees on its EPFO records as of May 2026, across 4 active EPFO establishments.

Employee count
369
Active EPFO establishments
4
Employee growth
7.9%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27369
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Choksi Laboratories Limited, buy the company report.

GST

Choksi Laboratories has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
23AABCC2523L1Z0Madhya PradeshActive01 Jul 2017
06AABCC2523L1ZWHaryanaActive01 Jul 2017
30AABCC2523L1Z5GoaActive01 Jul 2017

To see the full GST registrations and return filing status of Choksi Laboratories Limited, buy the company report.

Recent activity

Choksi Laboratories Limited has 27 board changes on record since 1999: 18 appointments and 9 cessations. The latest: Ritik Pavecha was appointed as Director on 07 Feb 2026.

Charges
A charge with State Bank Of India of Rs. 19.82 Cr registered on 19 Jun 2019 with Charge ID 100271142 was modified on 09 Jun 2026.
Charges
A charge registered on 29 Sep 2020 via Charge ID 100376418 with State Bank Of India was fully satisfied on 22 May 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 101303333 was registered on 19 May 2026.
Filing
Choksi Laboratories Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Gwalior.
Appointed
Ritik Pavecha was appointed as Director.
AGM
Choksi Laboratories Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records.
Charges
A charge registered on 29 Aug 2022 via Charge ID 100609368 with Canara Bank was fully satisfied on 29 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.13 Cr with Charge ID 101113240 was registered on 31 May 2025.
Charges
A charge with State Bank Of India amounted to Rs. 6.75 Cr with Charge ID 101052582 was registered on 23 Jan 2025.
Charges
A charge with State Bank Of India of Rs. 2.37 Cr registered on 29 Sep 2020 with Charge ID 100376418 was modified on 08 Oct 2024.
Charges
A charge registered on 03 Sep 2021 via Charge ID 100483896 with Canara Bank was fully satisfied on 11 Sep 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100933492 was registered on 21 May 2024.

93 earlier events are in the company report.

Frequently asked questions

Choksi Laboratories is an active public limited company based in Indore, Madhya Pradesh, India. The company works in pharma contract r and d, within the pharma industry. It was incorporated on 29 January 1993 (33+ years old) and is registered under CIN L85195MP1993PLC007471. Listed on BSE: 526546.

Choksi Laboratories reported revenue of ₹46.01 Cr for FY 2025-26 (up 10.1% YoY) based on standalone financials.

Choksi Laboratories has 8 current directors:

The latest financial statements of Choksi Laboratories on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Choksi Laboratories is 23AABCC2523L1Z0, registered in Madhya Pradesh. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 06AABCC2523L1ZW (Haryana), 30AABCC2523L1Z5 (Goa).

The CIN (Corporate Identification Number) of Choksi Laboratories is L85195MP1993PLC007471. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Choksi Laboratories is a listed company as per MCA records. Its shares are listed on BSE (code: 526546).

Choksi Laboratories has 18 court cases on record: 12 filed by the company and 6 filed against it. 4 are pending. Most are in the district courts.

Choksi Laboratories was incorporated on 29 January 1993, making it 33+ years old. It is registered with the Registrar of Companies, Gwalior.

Choksi Laboratories has 74 deals on record (74 market trades); the latest was in September 2026.

Ritik Pavecha was appointed as Director on 07 Feb 2026. Abha Shastri was appointed as Director on 01 Apr 2024. Sudarshan Shastri ceased to be Director on 31 Mar 2024. Choksi Laboratories has 27 board changes on record in total.