- #1,233 Arpit Janmejay Vyas ₹1,900 Cr

About Dishman Carbogen Amcis Limited
Data last updated:
Dishman Carbogen Amcis Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Adimans Technologies Llp. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 17 July 2007 and has been in existence for over 19 years.
Its director Arpit Janmejay Vyas is #1,233 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L74900GJ2007PLC051338. Its GSTIN is 24AADCC1254E1Z9 (Gujarat). The company holds 6 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 540701 and NSE: DCAL.
The company has an authorised share capital of ₹38 Cr and a paid-up capital of ₹31.36 Cr. It is led by directors including Arpit Janmejay Vyas (Managing Director) and Deohooti Janmejay Vyas (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Dishman Corporate House Iscon – Bopal Road Ambli, Ahmedabad, Gujarat, India – 380058.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,931.9 Cr, a growth of 8.1% compared to the previous year. For the same year it recorded a net profit of ₹98.68 Cr (net margin 3.4%) and EBITDA of ₹561.83 Cr (EBITDA margin 19.2%). The net worth stands at ₹6,676.9 Cr (up 14.5% YoY). Total assets are valued at ₹10,912 Cr (up 20.4% YoY).
Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Dishman Group and Dishman Carbogen Amcis. As per MCA filings, the company has open charges of ₹1,609.35 Cr and satisfied charges of ₹879.25 Cr on record. Court records list 27 cases involving the company, including 14 filed by the company and 13 filed against it; 8 cases are pending. The company has 16 deals on record (14 market trades, 1 buyback, 1 debt financing), with disclosed funding of ₹15 Cr; the latest was in September 2026. Its 5 peer companies in the Pharma industry (API Manufacturers), with the same principal business activity (manufacture of basic pharmaceutical products and pharmaceutical preparations) are compared by revenue, 4 larger and 1 smaller; the largest is Granules India Limited with revenue of ₹4,494.53 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 2,183 overdue payments to 112 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 dishmangroup.com.
Company details
CIN history
Dishman Carbogen Amcis has one previous CIN (Corporate Identification Number): U74900GJ2007FLC051338. The current CIN is L74900GJ2007PLC051338, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74900GJ2007PLC051338 | Current |
| U74900GJ2007FLC051338 | Previous |
Recognitions & Rankings of Dishman Carbogen Amcis
Contact details
Dishman Carbogen Amcis Limited's registered office is in Ahmedabad, Gujarat. Its website is dishmangroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDishman Corporate House Iscon – Bopal Road Ambli, Ahmedabad, Gujarat, India – 380058
- IndustryPharma, API Manufacturers
To see the full contact details of Dishman Carbogen Amcis 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
Dishman Carbogen Amcis operates two associated brands: Dishman Group and Dishman Carbogen Amcis. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| CDMO offering its services for the development of APIs and intermediates | dishmangroup.com | |
| Active pharmaceutical ingredients are manufactured by the CDMO in India. | imdcal.com |
Business activity
The main business activity of Dishman Carbogen Amcis 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 Dishman Carbogen Amcis Limited, buy the company report.
Financials of Dishman Carbogen Amcis Limited
FY 2025-26 filings availableDishman Carbogen Amcis Limited reported revenue of ₹2,931.9 Cr (up 8.1% 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 | 2,932 | 2,712 | 2,616 | 2,413 | 2,141 | 1,912 | 2,044 |
| Revenue growth | +8.1% | +3.7% | +8.4% | +12.7% | +12.0% | -6.4% | - |
| EBITDA | 562 | 451 | 280 | 284 | 317 | 252 | 498 |
| EBITDA margin | +19.2% | +16.6% | +10.7% | +11.8% | +14.8% | +13.2% | +24.4% |
| Profit before tax | 105 | 19.31 | (122) | (54.59) | (4.25) | (65.03) | 197 |
| Net profit | 98.68 | (18.28) | (151) | (8.36) | 49.61 | (170) | 163 |
| Net profit margin | +3.4% | -0.7% | -5.8% | -0.4% | +2.3% | -8.9% | +8.0% |
| EPS (₹) | 6.21 | 0.21 | (9.79) | (1.90) | 1.15 | (10.53) | 10.10 |
| Balance sheet | |||||||
| Total assets | 10,912 | 9,062 | 8,768 | 8,419 | 7,809 | 7,604 | 7,367 |
| Net worth | 6,677 | 5,832 | 5,628 | 5,810 | 5,549 | 5,699 | 5,715 |
| Total debt | 3,076 | 2,389 | 2,313 | 2,209 | 1,830 | 1,589 | 1,357 |
| Cash & bank | 991 | 507 | 413 | 189 | 172 | 308 | 161 |
| Net working capital | 1,827 | 1,250 | 1,131 | 782 | 846 | 1,017 | 984 |
| Cash flow | |||||||
| Cash from operations | 491 | 371 | 379 | 266 | 355 | 513 | 585 |
| Cash from investing | (245) | (192) | (225) | (494) | (619) | (380) | (442) |
| Cash from financing | 201 | (102) | (22.15) | 250 | 130 | (11.04) | (97.78) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 678 | 851 | 720 | 653 | 708 | 716 | 682 | 789 |
| Revenue growth (YoY) | -4.3% | +18.9% | +5.5% | -17.3% | +35.2% | - | - | - |
| Other income | 18.16 | 16.42 | 6.66 | 8.11 | 24.75 | 7.97 | 7.67 | 6.65 |
| EBITDA | 58.39 | 162 | 113 | 149 | 138 | 141 | 140 | 144 |
| EBITDA margin | +8.6% | +19.0% | +15.7% | +22.8% | +19.5% | +19.7% | +20.5% | +18.3% |
| Depreciation | 90.68 | 88.79 | 84.42 | 84.13 | 81.35 | 79.09 | 71.97 | 72.09 |
| Interest | 37.09 | 43.30 | 45.79 | 42.33 | 42.76 | 42.12 | 48.78 | 36.63 |
| Profit before tax | (51.22) | 46.13 | (10.44) | 30.54 | 38.67 | 27.70 | 27.05 | 42.12 |
| Tax | 6.66 | 24.39 | 2.53 | (34.73) | 15.26 | (15.39) | 22.42 | 9.03 |
| Net profit | (57.88) | 21.74 | (12.97) | 65.27 | 23.41 | 43.09 | 4.63 | 33.09 |
| EPS (₹) | (3.69) | 1.39 | (0.83) | 4.16 | 1.49 | 2.75 | 0.30 | 2.11 |
| 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 | 232 | 400 | 327 | 403 | 307 | 200 | 581 |
| Revenue growth | -42.1% | +22.1% | -18.7% | +31.3% | +53.1% | -65.5% | - |
| EBITDA | 5.32 | 71.79 | 3.75 | 5.76 | 32.52 | (59.32) | 174 |
| EBITDA margin | +2.3% | +18.0% | +1.2% | +1.4% | +10.6% | -29.6% | +29.9% |
| Profit before tax | (59.25) | (30.83) | (103) | (96.20) | (84.39) | (169) | 55.46 |
| Net profit | (39.53) | (11.18) | (75.39) | (56.08) | (30.76) | (235) | 42.58 |
| Net profit margin | -17.1% | -2.8% | -23.0% | -13.9% | -10.0% | -117.5% | +7.3% |
| EPS (₹) | (2.45) | (0.63) | (4.87) | (3.75) | (2.01) | (14.85) | 2.46 |
| Balance sheet | |||||||
| Total assets | 4,767 | 4,892 | 4,787 | 4,910 | 4,946 | 5,220 | 5,396 |
| Net worth | 3,882 | 4,030 | 4,053 | 4,114 | 4,232 | 4,675 | 4,796 |
| Total debt | 634 | 686 | 536 | 593 | 535 | 538 | 573 |
| Cash & bank | 38.02 | 87.41 | 9.90 | 68.43 | 86.47 | 80.32 | 65.13 |
| Net working capital | 315 | 442 | 325 | 363 | 390 | 511 | 510 |
| Cash flow | |||||||
| Cash from operations | 46.11 | 55.81 | 24.17 | (52.90) | 227 | (1.51) | 197 |
| Cash from investing | 21.68 | (79.64) | 96.57 | 40.71 | (173) | 62.07 | (74.30) |
| Cash from financing | (120) | 87.51 | (131) | 1.38 | (46.16) | (70.53) | (124) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57.08 | 68.72 | 39.68 | 60.30 | 62.86 | 106 | 97.04 | 93.29 |
| Revenue growth (YoY) | -9.2% | -35.2% | -59.1% | -35.4% | -39.2% | - | - | - |
| Other income | 18.89 | 28.83 | 7.10 | 11.17 | 37.42 | 5.47 | (8.01) | 23.93 |
| Total expenses | 70.59 | 67.74 | 43.18 | 55.89 | 59.43 | 85.57 | 74.08 | 79.89 |
| EBITDA | (13.51) | 0.98 | (3.50) | 4.41 | 3.43 | 20.53 | 22.96 | 13.40 |
| EBITDA margin | -23.7% | +1.4% | -8.8% | +7.3% | +5.5% | +19.3% | +23.7% | +14.4% |
| Depreciation | 15.37 | 15.15 | 15.16 | 15.79 | 16.47 | 16.10 | 16.48 | 16.30 |
| Interest | 21.71 | 22.14 | 23.51 | 20.61 | 20.26 | 21.31 | 17.77 | 15.59 |
| Profit before tax | (31.70) | (7.48) | (35.07) | (20.82) | 4.12 | (11.41) | (19.30) | 5.44 |
| Tax | (7.79) | (3.14) | (11.94) | (7.22) | 1.45 | (4.04) | (6.02) | (8.81) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 678 | 851 | 720 | 653 | 708 | 716 | 682 | 789 |
| Revenue growth (YoY) | -4.3% | +18.9% | +5.5% | -17.3% | +35.2% | - | - | - |
| Other income | 18.16 | 16.42 | 6.66 | 8.11 | 24.75 | 7.97 | 7.67 | 6.65 |
| EBITDA | 58.39 | 162 | 113 | 149 | 138 | 141 | 140 | 144 |
| EBITDA margin | +8.6% | +19.0% | +15.7% | +22.8% | +19.5% | +19.7% | +20.5% | +18.3% |
| Depreciation | 90.68 | 88.79 | 84.42 | 84.13 | 81.35 | 79.09 | 71.97 | 72.09 |
| Interest | 37.09 | 43.30 | 45.79 | 42.33 | 42.76 | 42.12 | 48.78 | 36.63 |
| Profit before tax | (51.22) | 46.13 | (10.44) | 30.54 | 38.67 | 27.70 | 27.05 | 42.12 |
| Tax | 6.66 | 24.39 | 2.53 | (34.73) | 15.26 | (15.39) | 22.42 | 9.03 |
| Net profit | (57.88) | 21.74 | (12.97) | 65.27 | 23.41 | 43.09 | 4.63 | 33.09 |
| EPS (₹) | (3.69) | 1.39 | (0.83) | 4.16 | 1.49 | 2.75 | 0.30 | 2.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,932 | 2,712 | 2,616 | 2,413 | 2,141 | 1,912 | 2,044 |
| Revenue growth | +8.1% | +3.7% | +8.4% | +12.7% | +12.0% | -6.4% | - |
| Other income | 55.94 | 21.68 | 28.21 | 27.77 | 43.42 | 38.45 | 44.46 |
| Total expenses | 2,370 | 2,261 | 2,335 | 2,129 | 1,824 | 1,660 | 1,546 |
| Employee cost | 1,447 | 1,294 | 1,208 | 1,030 | 981 | 873 | 762 |
| EBITDA | 562 | 451 | 280 | 284 | 317 | 252 | 498 |
| EBITDA margin | +19.2% | +16.6% | +10.7% | +11.8% | +14.8% | +13.2% | +24.4% |
| Depreciation | 339 | 294 | 311 | 281 | 308 | 308 | 283 |
| Interest | 174 | 159 | 120 | 85.69 | 56.81 | 47.61 | 61.95 |
| Profit before tax | 105 | 19.31 | (122) | (54.59) | (4.25) | (65.03) | 197 |
| Tax | 7.45 | 16.07 | 31.19 | (24.79) | (22.26) | 100 | 38.69 |
| Net profit | 98.68 | (18.28) | (151) | (8.36) | 49.61 | (170) | 163 |
| Net profit margin | +3.4% | -0.7% | -5.8% | -0.4% | +2.3% | -8.9% | +8.0% |
| EPS (₹) | 6.21 | 0.21 | (9.79) | (1.90) | 1.15 | (10.53) | 10.10 |
| 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 | 31.36 | 31.36 | 31.36 | 31.36 | 31.36 | 31.36 | 31.38 |
| Reserves & surplus | 6,646 | 5,800 | 5,596 | 5,778 | 5,518 | 5,667 | 5,684 |
| Shareholders' funds (net worth) | 6,677 | 5,832 | 5,628 | 5,810 | 5,549 | 5,699 | 5,715 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 2,730 | 2,072 | 1,946 | 1,825 | 1,421 | 1,166 | 916 |
| Unsecured loans | 346 | 317 | 366 | 384 | 409 | 423 | 442 |
| Total debt | 3,076 | 2,389 | 2,313 | 2,209 | 1,830 | 1,589 | 1,357 |
| Total liabilities | 10,912 | 9,062 | 8,768 | 8,419 | 7,809 | 7,604 | 7,367 |
| Assets | |||||||
| Gross block | 12,419 | 10,551 | 10,314 | 9,463 | 8,639 | 8,161 | 7,896 |
| Net block | 8,076 | 7,055 | 6,724 | 6,188 | 5,773 | 5,698 | 5,678 |
| Capital work in progress | 570 | 467 | 646 | 1,043 | 780 | 486 | 234 |
| Investments | 91.45 | 97.39 | 102 | 249 | 324 | 172 | 191 |
| Inventories | 1,019 | 900 | 883 | 804 | 645 | 516 | 581 |
| Sundry debtors | 673 | 665 | 484 | 590 | 473 | 421 | 577 |
| Cash & bank balances | 991 | 507 | 413 | 189 | 172 | 308 | 161 |
| Loans & advances | 143 | 103 | 124 | 159 | 256 | 344 | 353 |
| Total current assets | 2,826 | 2,175 | 1,905 | 1,741 | 1,546 | 1,588 | 1,672 |
| Total current liabilities | 999 | 925 | 774 | 960 | 700 | 571 | 689 |
| Net working capital | 1,827 | 1,250 | 1,131 | 782 | 846 | 1,017 | 984 |
| Total assets | 10,912 | 9,062 | 8,768 | 8,419 | 7,809 | 7,604 | 7,367 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 341 | 264 | 132 | 110 | 244 | 122 | 76.32 |
| Net cash from operating activities | 491 | 371 | 379 | 266 | 355 | 513 | 585 |
| Net cash from investing activities | (245) | (192) | (225) | (494) | (619) | (380) | (442) |
| Net cash from financing activities | 201 | (102) | (22.15) | 250 | 130 | (11.04) | (97.78) |
| Net change in cash | 447 | 76.98 | 132 | 21.55 | (133) | 122 | 45.62 |
| Closing cash | 991 | 507 | 413 | 189 | 172 | 308 | 161 |
| 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 | +8.1% | +3.7% | +8.4% | +12.7% | +12.0% | -6.4% | - |
| EBITDA growth | +24.6% | +60.8% | -1.3% | -10.3% | +25.7% | -49.3% | - |
| PBT growth | +443.2% | +9998.0% | -124.0% | -1184.5% | +93.5% | - | -36.1% |
| Net income growth | +639.8% | +87.9% | -1707.3% | -116.9% | +129.1% | -204.4% | - |
| Revenue CAGR (3Y) | +6.7% | +8.2% | +11.0% | +5.7% | +1.3% | +4.1% | +6.0% |
| EBITDA CAGR (3Y) | +25.5% | +12.5% | +3.6% | -17.0% | -16.9% | -17.3% | +3.2% |
| Profitability & leverage | |||||||
| Net income margin | +3.3% | +0.1% | -5.9% | -1.2% | +0.8% | -8.6% | +7.8% |
| Return on capital employed | +2.8% | +2.2% | -0.0% | +1.0% | +0.8% | +0.0% | +3.7% |
| Return on net worth | +1.6% | -0.3% | -2.7% | -0.2% | +0.9% | -3.0% | +2.9% |
| Debt / equity | 0.44 | 0.41 | 0.40 | 0.36 | 0.30 | 0.26 | 0.22 |
| Long-term debt / equity | 0.25 | 0.17 | 0.17 | 0.22 | 0.18 | 0.12 | 0.08 |
| Interest cover | 78.06 | 101.51 | -393.34 | 2,573.27 | 621.55 | -85.22 | 28.86 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.26 | 0.26 | 0.26 | 0.27 | 0.25 | 0.24 | 0.28 |
| Inventory turnover | 3.06 | 3.04 | 3.10 | 3.33 | 3.69 | 3.49 | 3.62 |
| Debtors turnover | 4.38 | 4.72 | 4.87 | 4.54 | 4.79 | 3.83 | 4.00 |
| EPS (₹) | 6.21 | 0.21 | (9.79) | (1.90) | 1.15 | (10.53) | 10.10 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 425.82 | 371.91 | 358.90 | 370.51 | 353.89 | 363.45 | 364.25 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57.08 | 68.72 | 39.68 | 60.30 | 62.86 | 106 | 97.04 | 93.29 |
| Revenue growth (YoY) | -9.2% | -35.2% | -59.1% | -35.4% | -39.2% | - | - | - |
| Other income | 18.89 | 28.83 | 7.10 | 11.17 | 37.42 | 5.47 | (8.01) | 23.93 |
| Total expenses | 70.59 | 67.74 | 43.18 | 55.89 | 59.43 | 85.57 | 74.08 | 79.89 |
| EBITDA | (13.51) | 0.98 | (3.50) | 4.41 | 3.43 | 20.53 | 22.96 | 13.40 |
| EBITDA margin | -23.7% | +1.4% | -8.8% | +7.3% | +5.5% | +19.3% | +23.7% | +14.4% |
| Depreciation | 15.37 | 15.15 | 15.16 | 15.79 | 16.47 | 16.10 | 16.48 | 16.30 |
| Interest | 21.71 | 22.14 | 23.51 | 20.61 | 20.26 | 21.31 | 17.77 | 15.59 |
| Profit before tax | (31.70) | (7.48) | (35.07) | (20.82) | 4.12 | (11.41) | (19.30) | 5.44 |
| Tax | (7.79) | (3.14) | (11.94) | (7.22) | 1.45 | (4.04) | (6.02) | (8.81) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 232 | 400 | 327 | 403 | 307 | 200 | 581 |
| Revenue growth | -42.1% | +22.1% | -18.7% | +31.3% | +53.1% | -65.5% | - |
| Other income | 84.52 | 32.98 | 63.05 | 52.16 | 60.39 | 66.15 | 69.55 |
| Total expenses | 226 | 328 | 324 | 397 | 274 | 260 | 407 |
| Employee cost | 86.63 | 90.15 | 91.54 | 86.13 | 79.04 | 58.23 | 88.87 |
| EBITDA | 5.32 | 71.79 | 3.75 | 5.76 | 32.52 | (59.32) | 174 |
| EBITDA margin | +2.3% | +18.0% | +1.2% | +1.4% | +10.6% | -29.6% | +29.9% |
| Depreciation | 62.57 | 65.20 | 102 | 96.20 | 140 | 141 | 141 |
| Interest | 86.52 | 70.40 | 68.19 | 57.92 | 37.23 | 34.17 | 47.02 |
| Profit before tax | (59.25) | (30.83) | (103) | (96.20) | (84.39) | (169) | 55.46 |
| Tax | (20.85) | (20.96) | (26.59) | (37.33) | (52.84) | 64.12 | 16.94 |
| Net profit | (39.53) | (11.18) | (75.39) | (56.08) | (30.76) | (235) | 42.58 |
| Net profit margin | -17.1% | -2.8% | -23.0% | -13.9% | -10.0% | -117.5% | +7.3% |
| EPS (₹) | (2.45) | (0.63) | (4.87) | (3.75) | (2.01) | (14.85) | 2.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 31.36 | 31.36 | 31.36 | 31.36 | 31.36 | 31.36 | 31.38 |
| Reserves & surplus | 3,851 | 3,999 | 4,021 | 4,083 | 4,200 | 4,643 | 4,764 |
| Shareholders' funds (net worth) | 3,882 | 4,030 | 4,053 | 4,114 | 4,232 | 4,675 | 4,796 |
| Secured loans | 631 | 658 | 524 | 590 | 527 | 526 | 391 |
| Unsecured loans | 3.55 | 28.03 | 11.74 | 3.55 | 7.86 | 11.74 | 181 |
| Total debt | 634 | 686 | 536 | 593 | 535 | 538 | 573 |
| Total liabilities | - | - | 4,787 | 4,910 | 4,946 | 5,220 | 5,396 |
| Assets | |||||||
| Gross block | 2,655 | 2,622 | 2,573 | 2,457 | 2,339 | 2,364 | 2,344 |
| Net block | 1,372 | 1,401 | 1,416 | 1,382 | 1,356 | 1,510 | 1,633 |
| Capital work in progress | 22.97 | 40.70 | 74.05 | 143 | 118 | 121 | 88.85 |
| Investments | 2,844 | 2,841 | 2,848 | 2,913 | 3,032 | 2,882 | 2,900 |
| Inventories | 155 | 134 | 170 | 183 | 197 | 184 | 214 |
| Sundry debtors | 171 | 175 | 184 | 147 | 65.66 | 119 | 145 |
| Cash & bank balances | 38.02 | 87.41 | 9.90 | 68.43 | 86.47 | 80.32 | 65.13 |
| Loans & advances | 310 | 263 | 210 | 176 | 196 | 273 | 284 |
| Total current assets | 674 | 659 | 573 | 574 | 545 | 656 | 708 |
| Total current liabilities | 359 | 217 | 248 | 211 | 154 | 145 | 197 |
| Net working capital | 315 | 442 | 325 | 363 | 390 | 511 | 510 |
| Total assets | 4,767 | 4,892 | 4,787 | 4,910 | 4,946 | 5,220 | 5,396 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 67.73 | 4.05 | 14.07 | 24.88 | 16.36 | 26.33 | 28.00 |
| Net cash from operating activities | 46.11 | 55.81 | 24.17 | (52.90) | 227 | (1.51) | 197 |
| Net cash from investing activities | 21.68 | (79.64) | 96.57 | 40.71 | (173) | 62.07 | (74.30) |
| Net cash from financing activities | (120) | 87.51 | (131) | 1.38 | (46.16) | (70.53) | (124) |
| Net change in cash | (51.80) | 63.68 | (10.02) | (10.81) | 8.52 | (9.97) | (1.67) |
| Closing cash | 38.02 | 87.41 | 9.90 | 68.43 | 86.47 | 80.32 | 65.13 |
| 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 | -42.1% | +22.1% | -18.7% | +31.3% | +53.1% | -65.5% | - |
| EBITDA growth | -92.6% | +1814.4% | -34.9% | -82.3% | +154.8% | -134.2% | - |
| PBT growth | -92.2% | +70.1% | -7.1% | -14.0% | +50.0% | - | -32.1% |
| Net income growth | -253.6% | +85.2% | -34.4% | -82.3% | +86.9% | -652.7% | - |
| Revenue CAGR (3Y) | -16.8% | +9.3% | +17.8% | -11.5% | -17.7% | -25.0% | +8.8% |
| EBITDA CAGR (3Y) | -2.6% | +30.2% | - | -67.9% | -44.8% | - | +5.4% |
| Profitability & leverage | |||||||
| Net income margin | -16.6% | -2.5% | -23.3% | -14.6% | -10.3% | -116.2% | +6.6% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +2.0% |
| Return on net worth | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.9% |
| Debt / equity | 0.17 | 0.15 | 0.14 | 0.14 | 0.12 | 0.12 | 0.12 |
| Long-term debt / equity | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 |
| Interest cover | -151.13 | 1,068.29 | -69.68 | -64.04 | -34.62 | -17.03 | 142.79 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.09 | 0.15 | 0.13 | 0.17 | 0.13 | 0.09 | 0.25 |
| Inventory turnover | 1.60 | 2.63 | 1.86 | 2.12 | 1.61 | 1.01 | 2.66 |
| Debtors turnover | 1.34 | 2.23 | 1.98 | 3.79 | 3.32 | 1.52 | 4.22 |
| EPS (₹) | (2.45) | (0.63) | (4.87) | (3.75) | (2.01) | (14.85) | 2.46 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 247.59 | 257.05 | 258.46 | 262.39 | 269.88 | 298.13 | 305.66 |
To see the full year-wise statements and ratios of Dishman Carbogen Amcis Limited, buy the company report.
Board of directors and KMP of Dishman Carbogen Amcis Limited
Dishman Carbogen Amcis Limited currently reports 6 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arpit Janmejay Vyas Also directs: Dishman Biotech Limited, RTV Technochem Private Limited, Leon Hospitality Private Limited and 5 more | Managing Director | 07 Apr 2012 | 14 Years 7 Months | Current |
| Harshil Ramakant Dalal | Cfo | 28 Nov 2018 | 7 Years 11 Months | Current |
| Deohooti Janmejay Vyas Also directs: Adimans Technologies LLP, B R Laboratories Limited, Dishman Biotech Limited and 5 more | Whole-Time Director | 17 Mar 2017 | 9 Years 7 Months | Current |
| Dhaval Rameshchandra Shah | Director | 12 Aug 2025 | 1 Years 2 Months | Current |
| Hemantkumar Jayantiprasad Bhatt Also directs: Transpek Creative Chemistry Private Limited | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
| Margie Parikh | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
Peer comparison
Dishman Carbogen Amcis Limited is compared with the 5 companies closest to it by revenue in the Pharma industry (API Manufacturers), with the same principal business activity (manufacture of basic pharmaceutical products and pharmaceutical preparations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Granules India Limited | ₹4,494.53 Cr (FY 2025) | 0.0% | Hyderabad, Telangana, India | |||
| Matrix Pharmacorp Private Limited | ₹4,422.21 Cr (FY 2025) | 16378466.0% | Sangareddy, Telangana, India | |||
| Cadila Pharmaceuticals Limited | ₹3,869.17 Cr (FY 2025) | 4.0% | Ahmedabad, Gujarat, India | |||
| Hetero Drugs Limited | ₹3,323.92 Cr (FY 2025) | 13.0% | Hyderabad, Telangana, India | |||
| Dishman Carbogen Amcis Limitedthis company | ₹2,931.9 Cr (FY 2026) | ₹98.68 Cr | 3.4% | 8.1% | Ahmedabad, Gujarat, India | |
| Alivus Life Sciences Limited | ₹2,421.45 Cr (FY 2025) | 5.0% | Solapur, Maharashtra, India |
To see the full peer comparison of Dishman Carbogen Amcis Limited, buy the company report.
Auditor
Dishman Carbogen Amcis Limited is audited by T R Chadha & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T R Chadha & Co. LLP | FY 2025 | 006711N/N500028 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 59.30%, foreign institutional investors hold 6.90%, domestic institutional investors hold 2.00% and retail and other public shareholders hold 31.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 59.30% | 59.30% | 59.30% | 59.30% |
| Public | 40.70% | 40.70% | 40.70% | 40.70% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2026 | 101316108 | Others | ₹42.85 Cr | Open | |
| 30 Mar 2026 | 101278652 | Others | ₹60 Cr | Open | |
| 10 Feb 2026 | 101242915 | Others | ₹75 Cr | Open | |
| 17 Jan 2026 | 101243205 | Others | ₹50 Cr | Open | |
| 13 Jan 2026 | 101228176 | Others | ₹20 Cr | Open |
To see the full charge records of Dishman Carbogen Amcis Limited, buy the company report.
Total charge records: 47 View all charges
Deals & funding
Dishman Carbogen Amcis Limited has 16 deals on record (14 market trades, 1 buyback, 1 debt financing), with disclosed funding of ₹15 Cr; the latest was in September 2026.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2024 | Market trade | ₹34.05 Cr | Buyer: Crony Vyapar Private Limited Seller: Crony Vyapar Private Limited |
| Dec 2024 | Market trade | ₹37.01 Cr | Buyer: Crony Vyapar Private Limited Seller: Crony Vyapar Private Limited |
| Mar 2024 | Market trade | ₹24.05 Cr | Buyer: Crony Vyapar Private Limited Seller: Crony Vyapar Private Limited |
| Mar 2024 | Market trade | ₹27.44 Cr | Buyer: Crony Vyapar Private Limited Seller: Crony Vyapar Private Limited |
| Dec 2023 | Market trade | ₹16.02 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Dishman Carbogen Amcis 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
Dishman Carbogen Amcis Limited has 27 court cases on record: 14 filed by Dishman Carbogen Amcis, 13 filed against it. 8 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 9 | 6 |
| High courts | 7 | 2 | 0 |
| NCLAT | 2 | 2 | 2 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by GD Waldner India Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by GD Waldner India Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed by the company against Reliance General Insurance Company Ltd. | Pending |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Eurolife Healthcare Private Limited | Disposed |
| High Court, GUJARAT | Court case (IAAP) | Filed by the company against Reliance General Insurance Company Limited | Disposed |
To see the full case history of Dishman Carbogen Amcis 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
Dishman Carbogen Amcis Limited was last rated by Indiarating on 26 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 26 Oct 2021 |
To see the full credit ratings and regulatory alerts of Dishman Carbogen Amcis Limited, buy the company report.
MSME payment delays
Dishman Carbogen Amcis Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 2,183 overdue payments to 112 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 112)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Rachna Air Components Private Limited | |||
| Agile Diagnostics | |||
| V. Jashvantlal & Co. |
To see the full MSME payment records of Dishman Carbogen Amcis Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Dishman Carbogen Amcis has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Dishman Biotech Limited | U24231GJ1995PLC028060 | |
| Dishman Medicare Limited (Formerly Known As Visible Investment Limited) | U65990GJ2021PLC122015 |
To see the full group structure of Dishman Carbogen Amcis Limited, buy the company report.
GST
Dishman Carbogen Amcis has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCC1254E1Z9 | Gujarat | Active | 01 Jul 2017 |
| 24AADCC1254E3Z7 | Gujarat | Active | 04 Jul 2017 |
| 27AADCC1254E1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dishman Carbogen Amcis Limited, buy the company report.
Recent activity
Dishman Carbogen Amcis Limited has 23 board changes on record since 2007: 15 appointments and 8 cessations. The latest: Dhaval Rameshchandra Shah was appointed as Director on 12 Aug 2025.
85 earlier events are in the company report.
News
Frequently asked questions
Dishman Carbogen Amcis is an active public limited company based in Ahmedabad, Gujarat, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 17 July 2007 (19+ years old) and is registered under CIN L74900GJ2007PLC051338. Listed on BSE: 540701 and NSE: DCAL.
Dishman Carbogen Amcis reported revenue of ₹2,931.9 Cr for FY 2025-26 (up 8.1% YoY) based on consolidated financials.
Dishman Carbogen Amcis has 7 current directors and KMP:
- Arpit Janmejay Vyas - Managing Director
- Deohooti Janmejay Vyas - Whole-Time Director
- Dhaval Rameshchandra Shah - Director
- Hemantkumar Jayantiprasad Bhatt - Director
- Margie Parikh - Director
- Kulin Nalinkant Shah - Director
- Harshil Ramakant Dalal - Cfo
The latest financial statements of Dishman Carbogen Amcis on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dishman Carbogen Amcis is 24AADCC1254E1Z9, registered in Gujarat. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 24AADCC1254E3Z7 (Gujarat), 27AADCC1254E1Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Dishman Carbogen Amcis is L74900GJ2007PLC051338. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Dishman Carbogen Amcis is a listed company as per MCA records. Its shares are listed on both BSE (code: 540701) and NSE (symbol: DCAL).
Dishman Carbogen Amcis has 27 court cases on record: 14 filed by the company and 13 filed against it. 8 are pending. Most are in the district courts.
Dishman Carbogen Amcis was incorporated on 17 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dishman Carbogen Amcis has 16 deals on record (14 market trades, 1 buyback, 1 debt financing), with disclosed funding of ₹15 Cr; the latest was in September 2026.
The peers of Dishman Carbogen Amcis by revenue are Granules India Limited, Matrix Pharmacorp Private Limited, Cadila Pharmaceuticals Limited, Hetero Drugs Limited, Alivus Life Sciences Limited, all in the Pharma industry (API Manufacturers), with the same principal business activity (manufacture of basic pharmaceutical products and pharmaceutical preparations).
Dhaval Rameshchandra Shah was appointed as Director on 12 Aug 2025. Janmejay Rajnikant Vyas ceased to be Director on 27 May 2025. Rajendra Shantilal Shah ceased to be Director on 02 Apr 2025. Dishman Carbogen Amcis has 23 board changes on record in total.

