- Valuation
- ₹21,950 Cr

About Concord Biotech Limited
Data last updated:
Concord Biotech Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the chemical products segment of the chemicals sector. It was incorporated on 23 November 1984 and has been in existence for over 42 years.
Concord Biotech is part of the Nifty 500 and BSE 500 indices. Its director Sudhir Vaid and family are #441 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L24230GJ1984PLC007440. Its GSTIN is 24AAACC8514G1ZZ (Gujarat). The company holds 4 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 543960 and NSE: CONCORDBIO.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.46 Cr. It was formerly known as Servomed Pharmaceuticals Private Limited and Servomed Pharmaceuticals Limited. It is led by directors including Ankur Vaid (Managing Director) and Sudhir Jairam Vaid (Managing Director).
Its last annual general meeting (AGM) was held on 31 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 1482 – 86 Trasad Road Dholka, Ahmedabad, Gujarat, India – 387810.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,054.89 Cr, a decline of 12.1% compared to the previous year. For the same year it recorded a net profit of ₹238.57 Cr (net margin 22.6%) and EBITDA of ₹364.67 Cr (EBITDA margin 34.6%). The net worth stands at ₹2,017.06 Cr (up 11.3% YoY). Total assets are valued at ₹2,021.17 Cr (up 11.1% YoY).
The company has about 1,516 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Concord Biotech. As per MCA filings, the company has open charges of ₹45 Cr and satisfied charges of ₹154.77 Cr on record. Court records list 22 cases involving the company, including 10 filed by the company and 12 filed against it; 6 cases are pending. The company has 24 deals on record (15 secondary share transfers, 6 market trades, 2 funding rounds), with disclosed funding of ₹77.51 Cr; the latest was in August 2026. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 11 overdue payments to 3 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 concordbiotech.com.
Company details
Name history
Concord Biotech has undergone 2 name changes throughout its history. The company was previously known as Servomed Pharmaceuticals Private Limited, and Servomed Pharmaceuticals Limited. The current legal name is Concord Biotech Limited.
| Company Name | Status |
|---|---|
| Concord Biotech Limited | Current |
| Servomed Pharmaceuticals Private Limited | Previous |
| Servomed Pharmaceuticals Limited | Previous |
CIN history
Concord Biotech has one previous CIN (Corporate Identification Number): U24230GJ1984PLC007440. The current CIN is L24230GJ1984PLC007440, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24230GJ1984PLC007440 | Current |
| U24230GJ1984PLC007440 | Previous |
Recognitions & Rankings of Concord Biotech
- #441 Sudhir Vaid & family ₹8,100 Cr
Contact details
Concord Biotech Limited's registered office is in Ahmedabad, Gujarat. Its website is concordbiotech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1482 – 86 Trasad Road Dholka, Ahmedabad, Gujarat, India – 387810
- IndustryChemicals, Chemical Products, Medicinal Chemical & Botanical Products, Pharmaceuticals
To see the full contact details of Concord Biotech 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
Concord Biotech operates one associated brand: Concord Biotech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| APIs and enzymes are manufactured through fermentation by the CDMO. | concordbiotech.com |
Business activity
The main business activity of Concord Biotech 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 Concord Biotech Limited, buy the company report.
Financials of Concord Biotech Limited
FY 2025-26 filings availableConcord Biotech Limited reported revenue of ₹1,054.89 Cr (down 12.1% 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 | 1,055 | 1,200 | 1,017 | 853 | 713 | 616 | 512 |
| Revenue growth | -12.1% | +18.0% | +19.2% | +19.7% | +15.7% | +20.3% | - |
| EBITDA | 365 | 506 | 432 | 344 | 270 | 327 | 205 |
| EBITDA margin | +34.6% | +42.1% | +42.5% | +40.3% | +37.9% | +53.1% | +39.9% |
| Profit before tax | 345 | 495 | 413 | 322 | 238 | 313 | 214 |
| Net profit | 239 | 344 | 298 | 237 | 171 | 230 | 152 |
| Net profit margin | +22.6% | +28.7% | +29.3% | +27.8% | +24.0% | +37.4% | +29.6% |
| EPS (₹) | 24.94 | 35.52 | 29.45 | 22.95 | 183.93 | 247.44 | 177.82 |
| Balance sheet | |||||||
| Total assets | 2,021 | 1,819 | 1,538 | 1,324 | 1,168 | 1,089 | 824 |
| Net worth | 2,017 | 1,813 | 1,527 | 1,290 | 1,103 | 999 | 770 |
| Total debt | 2.32 | 2.97 | 9.74 | 31.55 | 62.50 | 86.35 | 52.06 |
| Cash & bank | 13.58 | 1.18 | 47.02 | 43.45 | 88.93 | 60.82 | 2.59 |
| Net working capital | 680 | 637 | 518 | 424 | 435 | 391 | 239 |
| Cash flow | |||||||
| Cash from operations | 267 | 245 | 265 | 246 | 207 | 167 | 155 |
| Cash from investing | (143) | (160) | (155) | (158) | (112) | (195) | (114) |
| Cash from financing | (113) | (98.77) | (99.21) | (85.22) | (100) | 31.37 | (42.52) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 309 | 257 | 326 | 278 | 247 | 204 | 430 | 244 |
| Revenue growth (YoY) | +25.1% | +26.2% | -24.2% | +13.7% | -20.4% | -5.5% | - | - |
| Other income | 10.17 | 14.10 | 15.35 | 9.98 | 15.64 | 15.17 | 9.38 | 16.56 |
| EBITDA | 104 | 82.38 | 118 | 95.01 | 88.49 | 61.40 | 189 | 97.95 |
| EBITDA margin | +33.6% | +32.0% | +36.3% | +34.2% | +35.8% | +30.1% | +43.9% | +40.1% |
| Depreciation | 18.38 | 18.10 | 19.54 | 18.75 | 18.39 | 17.78 | 14.62 | 13.26 |
| Interest | 0.03 | 0.04 | 0.08 | 0.08 | 0.06 | 0.06 | 0.10 | 0.10 |
| Profit before tax | 95.48 | 78.34 | 114 | 86.16 | 85.68 | 58.73 | 184 | 101 |
| Tax | 25.91 | 20.65 | 25.61 | 22.52 | 22.63 | 14.68 | 43.16 | 25.23 |
| Net profit | 69.57 | 57.69 | 88.47 | 63.64 | 63.05 | 44.05 | 140 | 75.92 |
| EPS (₹) | 6.65 | 5.52 | 8.46 | 6.08 | 6.03 | 4.21 | 13.42 | 7.26 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,055 | 1,200 | 1,017 | 853 | 713 | 617 | 512 |
| Revenue growth | -12.1% | +18.0% | +19.2% | +19.7% | +15.6% | +20.4% | - |
| EBITDA | 374 | 507 | 432 | 344 | 274 | 328 | 205 |
| EBITDA margin | +35.4% | +42.2% | +42.5% | +40.3% | +38.4% | +53.2% | +39.9% |
| Profit before tax | 351 | 496 | 409 | 320 | 241 | 313 | 213 |
| Net profit | 241 | 345 | 294 | 235 | 175 | 230 | 151 |
| Net profit margin | +22.8% | +28.8% | +28.9% | +27.6% | +24.5% | +37.3% | +29.6% |
| EPS (₹) | 25.17 | 35.65 | 29.13 | 22.76 | 187.76 | 247.44 | 177.66 |
| Balance sheet | |||||||
| Total assets | 2,024 | 1,818 | 1,537 | 1,326 | 1,172 | 1,091 | 824 |
| Net worth | 2,020 | 1,813 | 1,525 | 1,292 | 1,107 | 1,000 | 770 |
| Total debt | 0.63 | 2.97 | 9.74 | 31.55 | 62.50 | 89.28 | 52.06 |
| Cash & bank | 9.28 | 1.18 | 47.02 | 43.45 | 88.93 | 60.82 | 2.59 |
| Net working capital | 676 | 637 | 518 | 425 | 438 | 392 | 239 |
| Cash flow | |||||||
| Cash from operations | 264 | 245 | 265 | 246 | 207 | 167 | 155 |
| Cash from investing | (142) | (160) | (155) | (158) | (112) | (195) | (114) |
| Cash from financing | (115) | (98.77) | (99.21) | (85.22) | (100) | 31.12 | (42.52) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 312 | 261 | 326 | 278 | 247 | 204 | 430 | 244 |
| Revenue growth (YoY) | +26.4% | +27.7% | -24.2% | +13.9% | -20.4% | -5.5% | - | - |
| Other income | 10.45 | 13.10 | 15.54 | 10.08 | 13.43 | 13.68 | 9.38 | 14.73 |
| Total expenses | 202 | 173 | 204 | 179 | 157 | 143 | 239 | 146 |
| EBITDA | 110 | 87.18 | 122 | 98.94 | 90.54 | 61.40 | 190 | 97.95 |
| EBITDA margin | +35.2% | +33.5% | +37.6% | +35.6% | +36.6% | +30.1% | +44.3% | +40.1% |
| Depreciation | 18.34 | 18.05 | 19.49 | 18.67 | 18.39 | 17.78 | 14.62 | 13.26 |
| Interest | 0.01 | 0.02 | 0.06 | 0.06 | 0.06 | 0.06 | 0.10 | 0.10 |
| Profit before tax | 102 | 82.21 | 118 | 90.29 | 85.52 | 57.24 | 185 | 99.32 |
| Tax | 26.21 | 21.02 | 28.36 | 22.52 | 22.63 | 14.68 | 43.16 | 25.23 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 309 | 257 | 326 | 278 | 247 | 204 | 430 | 244 |
| Revenue growth (YoY) | +25.1% | +26.2% | -24.2% | +13.7% | -20.4% | -5.5% | - | - |
| Other income | 10.17 | 14.10 | 15.35 | 9.98 | 15.64 | 15.17 | 9.38 | 16.56 |
| EBITDA | 104 | 82.38 | 118 | 95.01 | 88.49 | 61.40 | 189 | 97.95 |
| EBITDA margin | +33.6% | +32.0% | +36.3% | +34.2% | +35.8% | +30.1% | +43.9% | +40.1% |
| Depreciation | 18.38 | 18.10 | 19.54 | 18.75 | 18.39 | 17.78 | 14.62 | 13.26 |
| Interest | 0.03 | 0.04 | 0.08 | 0.08 | 0.06 | 0.06 | 0.10 | 0.10 |
| Profit before tax | 95.48 | 78.34 | 114 | 86.16 | 85.68 | 58.73 | 184 | 101 |
| Tax | 25.91 | 20.65 | 25.61 | 22.52 | 22.63 | 14.68 | 43.16 | 25.23 |
| Net profit | 69.57 | 57.69 | 88.47 | 63.64 | 63.05 | 44.05 | 140 | 75.92 |
| EPS (₹) | 6.65 | 5.52 | 8.46 | 6.08 | 6.03 | 4.21 | 13.42 | 7.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,055 | 1,200 | 1,017 | 853 | 713 | 616 | 512 |
| Revenue growth | -12.1% | +18.0% | +19.2% | +19.7% | +15.7% | +20.3% | - |
| Other income | 55.26 | 44.45 | 37.15 | 37.27 | 23.42 | 14.10 | 31.52 |
| Total expenses | 690 | 695 | 585 | 509 | 443 | 289 | 308 |
| Employee cost | 177 | 139 | 123 | 110 | 95.69 | 64.25 | 62.24 |
| EBITDA | 365 | 506 | 432 | 344 | 270 | 327 | 205 |
| EBITDA margin | +34.6% | +42.1% | +42.5% | +40.3% | +37.9% | +53.1% | +39.9% |
| Depreciation | 74.46 | 54.37 | 53.59 | 54.03 | 50.05 | 27.52 | 21.25 |
| Interest | 0.82 | 1.04 | 3.18 | 5.18 | 6.13 | 0.90 | 1.17 |
| Profit before tax | 345 | 495 | 413 | 322 | 238 | 313 | 214 |
| Tax | 85.42 | 123 | 104 | 81.93 | 62.59 | 77.83 | 44.53 |
| Net profit | 239 | 344 | 298 | 237 | 171 | 230 | 152 |
| Net profit margin | +22.6% | +28.7% | +29.3% | +27.8% | +24.0% | +37.4% | +29.6% |
| EPS (₹) | 24.94 | 35.52 | 29.45 | 22.95 | 183.93 | 247.44 | 177.82 |
| 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 | 10.46 | 10.46 | 10.46 | 10.46 | 9.51 | 9.51 | 9.51 |
| Reserves & surplus | 2,007 | 1,802 | 1,516 | 1,280 | 1,094 | 990 | 761 |
| Shareholders' funds (net worth) | 2,017 | 1,813 | 1,527 | 1,290 | 1,103 | 999 | 770 |
| Minority interest | (1.92) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.38 | 6.23 | 31.24 | 60.59 | 61.35 | 35.53 |
| Unsecured loans | 2.32 | 2.59 | 3.51 | 0.31 | 1.91 | 25.00 | 16.53 |
| Total debt | 2.32 | 2.97 | 9.74 | 31.55 | 62.50 | 86.35 | 52.06 |
| Total liabilities | 2,021 | 1,819 | 1,538 | 1,324 | 1,168 | 1,089 | 824 |
| Assets | |||||||
| Gross block | 1,161 | 1,095 | 826 | 792 | 720 | 643 | 310 |
| Net block | 789 | 795 | 575 | 593 | 573 | 546 | 240 |
| Capital work in progress | 79.32 | 50.66 | 211 | 173 | 74.16 | 17.95 | 141 |
| Investments | 491 | 335 | 246 | 137 | 73.73 | 141 | 199 |
| Inventories | 326 | 240 | 208 | 212 | 195 | 154 | 111 |
| Sundry debtors | 460 | 522 | 350 | 274 | 232 | 178 | 184 |
| Cash & bank balances | 13.58 | 1.18 | 47.02 | 43.45 | 88.93 | 60.82 | 2.59 |
| Loans & advances | 47.92 | 56.20 | 47.94 | 61.25 | 42.97 | 74.22 | 43.37 |
| Total current assets | 848 | 819 | 653 | 591 | 559 | 466 | 341 |
| Total current liabilities | 168 | 182 | 134 | 167 | 124 | 75.64 | 102 |
| Net working capital | 680 | 637 | 518 | 424 | 435 | 391 | 239 |
| Total assets | 2,021 | 1,819 | 1,538 | 1,324 | 1,168 | 1,089 | 824 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.90 | 15.14 | 3.50 | 0.67 | 5.14 | 2.41 | 3.76 |
| Net cash from operating activities | 267 | 245 | 265 | 246 | 207 | 167 | 155 |
| Net cash from investing activities | (143) | (160) | (155) | (158) | (112) | (195) | (114) |
| Net cash from financing activities | (113) | (98.77) | (99.21) | (85.22) | (100) | 31.37 | (42.52) |
| Net change in cash | 11.28 | (14.24) | 11.64 | 2.83 | (4.48) | 2.74 | (1.35) |
| Closing cash | 13.58 | 1.18 | 47.02 | 43.45 | 88.93 | 60.82 | 2.59 |
| 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 | -12.1% | +18.0% | +19.2% | +19.7% | +15.7% | +20.3% | - |
| EBITDA growth | -27.9% | +17.0% | +25.6% | +27.3% | -17.5% | +60.1% | - |
| PBT growth | -30.3% | +19.9% | +28.1% | +35.6% | -24.2% | +46.6% | +9997.0% |
| Net income growth | -30.7% | +15.6% | +25.4% | +38.8% | -25.7% | +51.9% | - |
| Revenue CAGR (3Y) | +7.3% | +19.0% | +18.2% | +18.5% | - | - | - |
| EBITDA CAGR (3Y) | +2.0% | +23.2% | +9.7% | +18.9% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +24.6% | +31.0% | +30.3% | +28.1% | +24.5% | +38.2% | +33.0% |
| Return on capital employed | +18.0% | +29.5% | +29.1% | +26.3% | +21.6% | +32.8% | +23.2% |
| Return on net worth | +13.5% | +22.3% | +21.9% | +20.1% | +16.6% | +26.6% | +19.7% |
| Debt / equity | 0.00 | 0.00 | 0.01 | 0.04 | 0.07 | 0.08 | 0.07 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.02 | 0.04 | 0.05 | 0.05 |
| Interest cover | 0.28 | 0.23 | 0.84 | 1.79 | 2.78 | 0.30 | 0.64 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.93 | 1.25 | 1.26 | 1.13 | 1.05 | 1.29 | 1.65 |
| Inventory turnover | 3.73 | 5.36 | 4.84 | 4.19 | 4.09 | 4.65 | 4.61 |
| Debtors turnover | 2.15 | 2.75 | 3.26 | 3.37 | 3.48 | 3.41 | 2.79 |
| EPS (₹) | 24.94 | 35.52 | 29.45 | 22.95 | 183.93 | 247.44 | 177.82 |
| Dividend per share (₹) | 7.55 | 10.70 | 8.75 | 6.83 | 5.12 | 0.00 | 39.25 |
| Book value per share (₹) | 192.81 | 173.27 | 145.93 | 123.31 | 1,159.99 | 1,050.80 | 809.87 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 312 | 261 | 326 | 278 | 247 | 204 | 430 | 244 |
| Revenue growth (YoY) | +26.4% | +27.7% | -24.2% | +13.9% | -20.4% | -5.5% | - | - |
| Other income | 10.45 | 13.10 | 15.54 | 10.08 | 13.43 | 13.68 | 9.38 | 14.73 |
| Total expenses | 202 | 173 | 204 | 179 | 157 | 143 | 239 | 146 |
| EBITDA | 110 | 87.18 | 122 | 98.94 | 90.54 | 61.40 | 190 | 97.95 |
| EBITDA margin | +35.2% | +33.5% | +37.6% | +35.6% | +36.6% | +30.1% | +44.3% | +40.1% |
| Depreciation | 18.34 | 18.05 | 19.49 | 18.67 | 18.39 | 17.78 | 14.62 | 13.26 |
| Interest | 0.01 | 0.02 | 0.06 | 0.06 | 0.06 | 0.06 | 0.10 | 0.10 |
| Profit before tax | 102 | 82.21 | 118 | 90.29 | 85.52 | 57.24 | 185 | 99.32 |
| Tax | 26.21 | 21.02 | 28.36 | 22.52 | 22.63 | 14.68 | 43.16 | 25.23 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,055 | 1,200 | 1,017 | 853 | 713 | 617 | 512 |
| Revenue growth | -12.1% | +18.0% | +19.2% | +19.7% | +15.6% | +20.4% | - |
| Other income | 52.73 | 44.45 | 33.78 | 35.31 | 23.42 | 13.81 | 31.37 |
| Total expenses | 681 | 693 | 585 | 509 | 439 | 289 | 308 |
| Employee cost | 170 | 139 | 123 | 110 | 95.69 | 69.47 | 62.24 |
| EBITDA | 374 | 507 | 432 | 344 | 274 | 328 | 205 |
| EBITDA margin | +35.4% | +42.2% | +42.5% | +40.3% | +38.4% | +53.2% | +39.9% |
| Depreciation | 74.33 | 54.37 | 53.59 | 54.03 | 50.05 | 27.52 | 21.25 |
| Interest | 0.77 | 1.04 | 3.18 | 5.18 | 6.13 | 1.05 | 1.17 |
| Profit before tax | 351 | 496 | 409 | 320 | 241 | 313 | 213 |
| Tax | 88.16 | 123 | 104 | 81.93 | 62.59 | 77.83 | 44.53 |
| Net profit | 241 | 345 | 294 | 235 | 175 | 230 | 151 |
| Net profit margin | +22.8% | +28.8% | +28.9% | +27.6% | +24.5% | +37.3% | +29.6% |
| EPS (₹) | 25.17 | 35.65 | 29.13 | 22.76 | 187.76 | 247.44 | 177.66 |
| 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 | 10.46 | 10.46 | 10.46 | 10.46 | 9.51 | 9.51 | 9.51 |
| Reserves & surplus | 2,009 | 1,802 | 1,515 | 1,282 | 1,098 | 990 | 761 |
| Shareholders' funds (net worth) | 2,020 | 1,813 | 1,525 | 1,292 | 1,107 | 1,000 | 770 |
| Secured loans | 0.00 | 0.38 | 6.23 | 31.24 | 60.59 | 86.35 | 35.53 |
| Unsecured loans | 0.63 | 2.59 | 3.51 | 0.31 | 1.91 | 2.93 | 16.53 |
| Total debt | 0.63 | 2.97 | 9.74 | 31.55 | 62.50 | 89.28 | 52.06 |
| Total liabilities | 2,024 | 1,818 | 1,537 | 1,326 | 1,172 | 1,091 | 824 |
| Assets | |||||||
| Gross block | 1,159 | 1,095 | 826 | 792 | 720 | 644 | 310 |
| Net block | 786 | 795 | 575 | 593 | 573 | 546 | 240 |
| Capital work in progress | 79.32 | 50.66 | 211 | 173 | 74.16 | 17.95 | 141 |
| Investments | 488 | 335 | 244 | 138 | 74.39 | 142 | 199 |
| Inventories | 326 | 240 | 208 | 212 | 195 | 154 | 111 |
| Sundry debtors | 461 | 522 | 350 | 274 | 232 | 178 | 184 |
| Cash & bank balances | 9.28 | 1.18 | 47.02 | 43.45 | 88.93 | 60.82 | 2.59 |
| Loans & advances | 47.58 | 56.20 | 47.94 | 61.25 | 42.97 | 74.22 | 43.37 |
| Total current assets | 843 | 819 | 653 | 591 | 559 | 466 | 341 |
| Total current liabilities | 167 | 182 | 134 | 165 | 121 | 74.34 | 102 |
| Net working capital | 676 | 637 | 518 | 425 | 438 | 392 | 239 |
| Total assets | 2,024 | 1,818 | 1,537 | 1,326 | 1,172 | 1,091 | 824 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.90 | 15.14 | 3.50 | 0.67 | 5.14 | 2.41 | 3.76 |
| Net cash from operating activities | 264 | 245 | 265 | 246 | 207 | 167 | 155 |
| Net cash from investing activities | (142) | (160) | (155) | (158) | (112) | (195) | (114) |
| Net cash from financing activities | (115) | (98.77) | (99.21) | (85.22) | (100) | 31.12 | (42.52) |
| Net change in cash | 6.98 | (14.24) | 11.64 | 2.83 | (4.48) | 2.74 | (1.35) |
| Closing cash | 9.28 | 1.18 | 47.02 | 43.45 | 88.93 | 60.82 | 2.59 |
| 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 | -12.1% | +18.0% | +19.2% | +19.7% | +15.6% | +20.4% | - |
| EBITDA growth | -26.3% | +17.3% | +25.6% | +25.6% | -16.5% | +60.3% | - |
| PBT growth | -29.1% | +21.2% | +27.8% | +32.7% | -23.0% | +46.7% | +20.0% |
| Net income growth | -30.3% | +17.4% | +25.0% | +34.8% | -24.1% | +51.9% | - |
| Revenue CAGR (3Y) | +7.3% | +19.0% | +18.1% | +18.5% | +17.8% | +22.0% | +22.9% |
| EBITDA CAGR (3Y) | +2.8% | +22.8% | +9.6% | +18.9% | +14.9% | +31.3% | +14.8% |
| Profitability & leverage | |||||||
| Net income margin | +25.0% | +31.1% | +30.0% | +27.9% | +25.1% | +38.2% | +33.0% |
| Return on capital employed | +18.3% | +29.6% | +28.8% | +26.1% | +21.9% | +32.8% | +25.2% |
| Return on net worth | +13.7% | +22.4% | +21.6% | +19.9% | +17.0% | +26.6% | +20.9% |
| Debt / equity | 0.00 | 0.00 | 0.01 | 0.04 | 0.07 | 0.08 | 0.04 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.02 | 0.04 | 0.05 | 0.03 |
| Interest cover | 0.26 | 0.23 | 0.84 | 1.79 | 2.74 | 0.35 | 0.64 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.94 | 1.25 | 1.26 | 1.13 | 1.05 | 1.29 | 1.73 |
| Inventory turnover | 3.73 | 5.36 | 4.84 | 4.19 | 4.09 | 4.66 | 5.05 |
| Debtors turnover | 2.15 | 2.75 | 3.26 | 3.37 | 3.48 | 3.42 | 3.00 |
| EPS (₹) | 25.17 | 35.65 | 29.13 | 22.76 | 187.76 | 247.44 | 177.66 |
| Dividend per share (₹) | 7.55 | 10.70 | 8.75 | 6.83 | 5.12 | 0.00 | 39.25 |
| Book value per share (₹) | 193.06 | 173.27 | 145.80 | 123.50 | 1,164.13 | 1,051.11 | 809.71 |
To see the full year-wise statements and ratios of Concord Biotech Limited, buy the company report.
Board of directors of Concord Biotech Limited
Concord Biotech has 10 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arvind Motilal Agarwal Also directs: KLJ Plasticizers Limited. | Director | 24 May 2022 | 4 Years 5 Months | Current |
| Ravi Kapoor | Director | 15 Dec 2003 | 22 Years 10 Months | Current |
| Rajiv Ambrish Agarwal Also directs: Tiger Consultancy LLP, Aptech Limited, Hungama Digital Media Entertainment Private Limited and 3 more | Director | 30 Jun 2008 | 18 Years 4 Months | Current |
| Ankur Vaid Also directs: Sudman Consultants LLP, Celliimune Biotech Private Limited | Managing Director | 01 Sep 2011 | 15 Years 2 Months | Current |
| Sudhir Jairam Vaid Also directs: Sudman Consultants LLP | Managing Director | 14 Feb 2011 | 15 Years 8 Months | Current |
| Bharti Khanna Also directs: Amarant Lifesciences Private Limited | Director | 31 Jan 2017 | 9 Years 9 Months | Current |
Auditor
Concord Biotech Limited is audited by B S R & CO.LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & CO.LLP | FY 2025 | 101248W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 44.10%, foreign institutional investors hold 7.50%, domestic institutional investors hold 9.40% and retail and other public shareholders hold 39.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 44.10% | 44.10% | 44.10% | 44.10% |
| Public | 55.90% | 55.90% | 55.90% | 55.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jan 2003 | 90099613 | Axis Bank Limited | ₹45 Cr | Open | |
| 17 Oct 2019 | 100298054 | State Bank of India | ₹110 Cr | Satisfied | |
| 11 Aug 2015 | 10588016 | Citi Bank N.A. | ₹30.82 Cr | Satisfied | |
| 09 Dec 2014 | 10542701 | Citi Bank N.A. | ₹10 Cr | Satisfied | |
| 23 Jan 2012 | 10336441 | Citibank N. A. | ₹3.7 Cr | Satisfied |
To see the full charge records of Concord Biotech Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Concord Biotech Limited has 24 deals on record (15 secondary share transfers, 6 market trades, 2 funding rounds), with disclosed funding of ₹77.51 Cr; the latest was in August 2026.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2026 | Market trade | ₹75.18 Cr | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
| Aug 2023 | Market trade | ₹254.98 Cr | Buyer: NK Securities Research Private Limited , Norges Bank On Account Of The Government Pension Fund Global, Graviton Research Capital LLP Seller: NK Securities Research Private Limited , Graviton Research Capital LLP |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: Calculas Financial Consultants Privnate Limited Seller: Chanakya Corporate Services Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Chanakya Corporate Services Private Limited , an individual Seller: Abhigam Shares and Securities Private Limited , an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Sudman Consultants LLP Seller: Satyendra Jha & Sudman Consultants Pvt. Ltd. |
To see the full deal history of Concord Biotech 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
Concord Biotech Limited has 22 court cases on record: 10 filed by Concord Biotech, 12 filed against it. 6 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 6 | 4 |
| High courts | 6 | 4 | 2 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Pharmaceuticals Export Promotion Council of India (Pharmaxcil) and 1 other | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Mankind Pharma Limited | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Madhya Gujarat Vij Company Ltd. Executive Engineer Sardar Patel Vidhyut Bhavan, Race Course , District: Vadodara , , Gujarat | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Madhya Gujarat Vij Company Ltd., | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against Shree Maa Pharmachem Ltd | Disposed |
To see the full case history of Concord Biotech 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
Concord Biotech Limited was last rated by Icra on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Concord Biotech Limited, buy the company report.
MSME payment delays
Concord Biotech Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 11 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sequel Logistics Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Concord Biotech Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Concord Biotech Limited has a workforce of 1,516 employees on its EPFO records as of Apr 14, 2025, across 1 active EPFO establishment.
GST
Concord Biotech has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACC8514G1ZZ | Gujarat | Active | 01 Jul 2017 |
| 33AAACC8514G1Z0 | Tamil Nadu | Active | 11 Jan 2021 |
| 07AAACC8514G1ZV | Delhi | Active | 28 Jan 2021 |
| 19AAACC8514G1ZQ | West Bengal | Active | 25 Mar 2021 |
To see the full GST registrations and return filing status of Concord Biotech Limited, buy the company report.
Recent activity
Concord Biotech Limited has 44 board changes on record since 2003: 27 appointments and 17 cessations. The latest: Ekta Gupta was appointed as Director on 01 Jun 2026.
49 earlier events are in the company report.
News
Frequently asked questions
Concord Biotech is an active public limited company based in Ahmedabad, Gujarat, India. The company works in chemical products, within the chemicals industry. It was incorporated on 23 November 1984 (42+ years old) and is registered under CIN L24230GJ1984PLC007440. Listed on BSE: 543960 and NSE: CONCORDBIO.
Concord Biotech reported revenue of ₹1,054.89 Cr for FY 2025-26 (down 12.1% YoY) based on consolidated financials.
Concord Biotech has 10 current directors:
- Ankur Vaid - Managing Director
- Sudhir Jairam Vaid - Managing Director
- Arvind Motilal Agarwal - Director
- Ravi Kapoor - Director
- Rajiv Ambrish Agarwal - Director
- Bharti Khanna - Director
- Amitabh Gajendra Thakore - Director
- Jayaram Easwaran - Director
- Chakravarthy Sriraman Mandayam - Director
- Ekta Gupta - Director
The latest financial statements of Concord Biotech on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Concord Biotech is 24AAACC8514G1ZZ, registered in Gujarat. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 33AAACC8514G1Z0 (Tamil Nadu), 07AAACC8514G1ZV (Delhi), 19AAACC8514G1ZQ (West Bengal).
The CIN (Corporate Identification Number) of Concord Biotech is L24230GJ1984PLC007440. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Concord Biotech is a listed company as per MCA records. Its shares are listed on both BSE (code: 543960) and NSE (symbol: CONCORDBIO).
Concord Biotech has 22 court cases on record: 10 filed by the company and 12 filed against it. 6 are pending. Most are in the district courts.
Concord Biotech was incorporated on 23 November 1984, making it 42+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Concord Biotech has 24 deals on record (15 secondary share transfers, 6 market trades, 2 funding rounds), with disclosed funding of ₹77.51 Cr; the latest was in August 2026.
Ekta Gupta was appointed as Director on 01 Jun 2026. Ravirajbhai Ghanshyambhai Karia ceased to be CEO on 18 Dec 2025. Prakash Lalchand Sajnani ceased to be Company Secretary on 29 May 2025. Concord Biotech has 44 board changes on record in total.

