
About Heranba Industries Limited
Data last updated:
Heranba Industries Limited is a public limited company based in Vapi, Gujarat, India. It operates in the crop protection segment of the agriculture sector. It was incorporated on 17 March 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L24231GJ1992PLC017315. Its GSTIN is 24AAACH3787Q1Z0 (Gujarat). The company holds 21 GST registrations, of which 19 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543266 and NSE: HERANBA.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹40.01 Cr. It was formerly known as Heranba Industriel Chemicals Limited and Heranba Industriel Chemicals Private Limited. It is led by directors including Raghuram Kanyan Shetty (Managing Director) and Sadashiv Kanyana Shetty (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No 1504/1505/1506/1 GIDC Phase – III, Vapi, Gujarat, India – 396195.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,594.99 Cr, a growth of 13.1% compared to the previous year. For the same year it recorded a net loss of ₹77.62 Cr (net margin -4.9%) and EBITDA of ₹69.24 Cr (EBITDA margin 4.3%). The net worth stands at ₹761.72 Cr (down 9.4% YoY). Total assets are valued at ₹1,350.7 Cr (up 12.2% YoY).
The company has about 672 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Heranba. As per MCA filings, the company has open charges of ₹318 Cr and satisfied charges of ₹383.33 Cr on record. Court records list 2,423 cases involving the company, including 2,251 filed by the company and 172 filed against it; 991 cases are pending. The company has 20 deals on record (8 market trades, 6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹9.65 Cr; the latest was in August 2024. Its 10 peer companies in the Agriculture industry (Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 5 smaller; the largest is Willowood Chemicals Limited with revenue of ₹2,111.28 Cr. The company has 9 MSME Form 1 returns on record between 2018 and 2023, listing 1,035 overdue payments to 102 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 heranba.co.in.
Company details
Name history
Heranba Industries has undergone 2 name changes throughout its history. The company was previously known as Heranba Industriel Chemicals Limited, and Heranba Industriel Chemicals Private Limited. The current legal name is Heranba Industries Limited.
| Company Name | Status |
|---|---|
| Heranba Industries Limited | Current |
| Heranba Industriel Chemicals Limited | Previous |
| Heranba Industriel Chemicals Private Limited | Previous |
CIN history
Heranba Industries has one previous CIN (Corporate Identification Number): U24231GJ1992PLC017315. The current CIN is L24231GJ1992PLC017315, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24231GJ1992PLC017315 | Current |
| U24231GJ1992PLC017315 | Previous |
Contact details
Heranba Industries Limited's registered office is in Vapi, Gujarat. Its website is heranba.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 1504/1505/1506/1 GIDC Phase – III, Vapi, Gujarat, India – 396195
- IndustryAgriculture, Crop Protection
To see the full contact details of Heranba Industries 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
Heranba Industries operates one associated brand: Heranba. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of crop input products | heranba.co.in |
Business activity
The main business activity of Heranba Industries is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Heranba Industries Limited, buy the company report.
Financials of Heranba Industries Limited
FY 2025-26 filings availableHeranba Industries Limited reported revenue of ₹1,594.99 Cr (up 13.1% 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 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 1,595 | 1,410 | 1,257 | 1,319 |
| Revenue growth | +13.1% | +12.1% | -4.7% | - |
| EBITDA | 69.24 | 97.92 | 76.87 | 156 |
| EBITDA margin | +4.3% | +7.0% | +6.1% | +11.8% |
| Profit before tax | (70.99) | 18.06 | 52.24 | 138 |
| Net profit | (77.62) | 1.42 | 34.85 | 104 |
| Net profit margin | -4.9% | +0.1% | +2.8% | +7.9% |
| EPS (₹) | (19.10) | 0.77 | 8.72 | 26.09 |
| Balance sheet | ||||
| Total assets | 1,351 | 1,203 | 1,021 | 912 |
| Net worth | 762 | 841 | 843 | 810 |
| Total debt | 576 | 349 | 165 | 93.00 |
| Cash & bank | 32.79 | 54.56 | 39.55 | 119 |
| Net working capital | 582 | 426 | 385 | 594 |
| Cash flow | ||||
| Cash from operations | (95.95) | 101 | 107 | 0.00 |
| Cash from investing | (88.91) | (239) | (241) | 0.00 |
| Cash from financing | 166 | 152 | 62.02 | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 383 | 319 | 301 | 522 | 452 | 335 | 341 | 437 |
| Revenue growth (YoY) | -15.3% | -4.6% | -11.7% | +19.3% | +52.7% | - | - | - |
| Other income | 5.85 | (5.51) | 3.80 | (3.12) | 12.77 | 3.11 | 0.27 | 3.06 |
| EBITDA | 49.10 | (23.28) | 12.43 | 48.84 | 31.24 | (14.48) | 12.53 | 59.53 |
| EBITDA margin | +12.8% | -7.3% | +4.1% | +9.4% | +6.9% | -4.3% | +3.7% | +13.6% |
| Depreciation | 21.94 | 25.47 | 25.67 | 25.65 | 21.34 | 15.58 | 14.03 | 13.69 |
| Interest | 12.91 | 13.77 | 12.39 | 12.33 | 11.55 | 14.19 | 6.15 | 5.96 |
| Profit before tax | 20.10 | (68.03) | (21.83) | 7.74 | 11.12 | (41.14) | (7.38) | 42.94 |
| Tax | 13.07 | (9.71) | 1.61 | 9.88 | 4.80 | 0.53 | 2.99 | 5.28 |
| Net profit | 7.03 | (58.32) | (23.44) | (2.14) | 6.32 | (41.67) | (10.37) | 37.66 |
| EPS (₹) | 1.78 | (14.45) | (5.81) | 0.36 | 1.53 | (10.37) | (2.55) | 9.49 |
| 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 | 1,756 | 1,496 | 1,275 | 1,324 | 1,450 | 1,219 | 951 |
| Revenue growth | +17.4% | +17.4% | -3.8% | -8.7% | +19.0% | +28.1% | - |
| EBITDA | 73.39 | 83.22 | 96.60 | 161 | 260 | 221 | 129 |
| EBITDA margin | +4.2% | +5.6% | +7.6% | +12.2% | +17.9% | +18.2% | +13.6% |
| Profit before tax | 67.09 | 74.28 | 90.39 | 144 | 255 | 208 | 129 |
| Net profit | 49.50 | 53.11 | 66.28 | 110 | 189 | 154 | 97.71 |
| Net profit margin | +2.8% | +3.6% | +5.2% | +8.3% | +13.0% | +12.6% | +10.3% |
| EPS (₹) | 12.71 | 13.50 | 16.58 | 27.52 | 47.25 | 38.54 | 25.03 |
| Balance sheet | |||||||
| Total assets | 1,459 | 1,173 | 1,024 | 918 | 814 | 594 | 371 |
| Net worth | 974 | 926 | 877 | 816 | 714 | 528 | 321 |
| Total debt | 482 | 243 | 144 | 93.00 | 91.19 | 52.31 | 43.08 |
| Cash & bank | 20.10 | 50.45 | 22.42 | 119 | 123 | 97.90 | 3.19 |
| Net working capital | 635 | 387 | 426 | 594 | 586 | 419 | 219 |
| Cash flow | |||||||
| Cash from operations | (204) | 137 | 136 | 122 | 98.11 | 60.40 | 54.21 |
| Cash from investing | (13.83) | (182) | (264) | (100) | (81.72) | (40.71) | (52.04) |
| Cash from financing | 190 | 71.70 | 40.74 | (18.08) | (6.27) | 61.90 | (19.94) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 365 | 353 | 307 | 606 | 490 | 395 | 338 | 458 |
| Revenue growth (YoY) | -25.5% | -10.6% | -9.4% | +32.4% | +61.0% | - | - | - |
| Other income | 11.21 | 6.45 | 15.04 | 12.16 | 24.49 | 13.33 | 10.36 | 12.70 |
| Total expenses | 347 | 360 | 292 | 561 | 470 | 397 | 348 | 411 |
| EBITDA | 18.05 | (6.41) | 14.80 | 44.71 | 20.29 | (1.79) | (9.51) | 46.30 |
| EBITDA margin | +4.9% | -1.8% | +4.8% | +7.4% | +4.1% | -0.5% | -2.8% | +10.1% |
| Depreciation | 5.96 | 7.69 | 6.75 | 6.88 | 6.62 | 7.38 | 7.30 | 7.00 |
| Interest | 9.89 | 10.59 | 8.92 | 8.45 | 8.53 | 11.46 | 5.66 | 5.07 |
| Profit before tax | 13.41 | (18.24) | 14.17 | 41.54 | 29.63 | (7.30) | (12.11) | 46.93 |
| Tax | 3.95 | (5.74) | 4.85 | 9.50 | 7.61 | (2.02) | (2.99) | 12.97 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 383 | 319 | 301 | 522 | 452 | 335 | 341 | 437 |
| Revenue growth (YoY) | -15.3% | -4.6% | -11.7% | +19.3% | +52.7% | - | - | - |
| Other income | 5.85 | (5.51) | 3.80 | (3.12) | 12.77 | 3.11 | 0.27 | 3.06 |
| EBITDA | 49.10 | (23.28) | 12.43 | 48.84 | 31.24 | (14.48) | 12.53 | 59.53 |
| EBITDA margin | +12.8% | -7.3% | +4.1% | +9.4% | +6.9% | -4.3% | +3.7% | +13.6% |
| Depreciation | 21.94 | 25.47 | 25.67 | 25.65 | 21.34 | 15.58 | 14.03 | 13.69 |
| Interest | 12.91 | 13.77 | 12.39 | 12.33 | 11.55 | 14.19 | 6.15 | 5.96 |
| Profit before tax | 20.10 | (68.03) | (21.83) | 7.74 | 11.12 | (41.14) | (7.38) | 42.94 |
| Tax | 13.07 | (9.71) | 1.61 | 9.88 | 4.80 | 0.53 | 2.99 | 5.28 |
| Net profit | 7.03 | (58.32) | (23.44) | (2.14) | 6.32 | (41.67) | (10.37) | 37.66 |
| EPS (₹) | 1.78 | (14.45) | (5.81) | 0.36 | 1.53 | (10.37) | (2.55) | 9.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 1,595 | 1,410 | 1,257 | 1,319 |
| Revenue growth | +13.1% | +12.1% | -4.7% | - |
| Other income | 7.94 | 7.58 | 13.83 | 12.22 |
| Total expenses | 1,526 | 1,312 | 1,180 | 1,163 |
| Employee cost | 116 | 105 | 85.44 | 67.06 |
| EBITDA | 69.24 | 97.92 | 76.87 | 156 |
| EBITDA margin | +4.3% | +7.0% | +6.1% | +11.8% |
| Depreciation | 98.13 | 56.61 | 26.11 | 22.73 |
| Interest | 50.04 | 30.83 | 12.35 | 7.94 |
| Profit before tax | (70.99) | 18.06 | 52.24 | 138 |
| Tax | 6.57 | 15.81 | 17.74 | 33.21 |
| Net profit | (77.62) | 1.42 | 34.85 | 104 |
| Net profit margin | -4.9% | +0.1% | +2.8% | +7.9% |
| EPS (₹) | (19.10) | 0.77 | 8.72 | 26.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 40.01 | 40.01 | 40.01 | 40.01 |
| Reserves & surplus | 722 | 801 | 803 | 770 |
| Shareholders' funds (net worth) | 762 | 841 | 843 | 810 |
| Minority interest | 8.06 | 9.13 | 10.00 | 0.00 |
| Secured loans | 219 | 199 | 139 | 89.01 |
| Unsecured loans | 357 | 150 | 25.47 | 3.99 |
| Total debt | 576 | 349 | 165 | 93.00 |
| Total liabilities | 1,351 | 1,203 | 1,021 | 912 |
| Assets | ||||
| Gross block | 987 | 860 | 591 | 329 |
| Net block | 692 | 662 | 445 | 209 |
| Capital work in progress | 20.65 | 69.63 | 137 | 71.73 |
| Investments | 5.29 | 2.83 | 1.57 | 0.77 |
| Inventories | 462 | 338 | 275 | 304 |
| Sundry debtors | 591 | 555 | 467 | 386 |
| Cash & bank balances | 32.79 | 54.56 | 39.55 | 119 |
| Loans & advances | 114 | 85.67 | 59.33 | 34.96 |
| Total current assets | 1,199 | 1,033 | 841 | 844 |
| Total current liabilities | 617 | 607 | 456 | 250 |
| Net working capital | 582 | 426 | 385 | 594 |
| Total assets | 1,351 | 1,203 | 1,021 | 912 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 42.59 | 28.50 | 100 | 0.00 |
| Net cash from operating activities | (95.95) | 101 | 107 | 0.00 |
| Net cash from investing activities | (88.91) | (239) | (241) | 0.00 |
| Net cash from financing activities | 166 | 152 | 62.02 | 0.00 |
| Net change in cash | (18.76) | 14.09 | (71.56) | 0.00 |
| Closing cash | 32.79 | 54.56 | 39.55 | 119 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +13.1% | +12.1% | -4.7% | - |
| EBITDA growth | -29.3% | +27.4% | -50.7% | - |
| PBT growth | - | -65.4% | -62.0% | +9997.0% |
| Net income growth | -5566.2% | -95.9% | -66.5% | - |
| Revenue CAGR (3Y) | +6.5% | - | - | - |
| EBITDA CAGR (3Y) | -23.7% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | -4.9% | +0.2% | +2.7% | +7.9% |
| Return on capital employed | -1.7% | +4.4% | +6.7% | +16.0% |
| Return on net worth | -9.7% | +0.3% | +4.2% | +12.9% |
| Debt / equity | 0.58 | 0.31 | 0.16 | 0.11 |
| Long-term debt / equity | 0.11 | 0.07 | 0.02 | 0.00 |
| Interest cover | -173.21 | 74.63 | 24.33 | 5.96 |
| Efficiency & per share | ||||
| Fixed asset turnover | 1.73 | 1.94 | 2.73 | 4.01 |
| Inventory turnover | 3.99 | 4.60 | 4.34 | 4.34 |
| Debtors turnover | 2.78 | 2.76 | 2.95 | 3.42 |
| EPS (₹) | (19.10) | 0.77 | 8.72 | 26.09 |
| Dividend per share (₹) | 0.00 | 0.00 | 1.25 | 1.25 |
| Book value per share (₹) | 190.38 | 210.15 | 210.71 | 202.54 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 365 | 353 | 307 | 606 | 490 | 395 | 338 | 458 |
| Revenue growth (YoY) | -25.5% | -10.6% | -9.4% | +32.4% | +61.0% | - | - | - |
| Other income | 11.21 | 6.45 | 15.04 | 12.16 | 24.49 | 13.33 | 10.36 | 12.70 |
| Total expenses | 347 | 360 | 292 | 561 | 470 | 397 | 348 | 411 |
| EBITDA | 18.05 | (6.41) | 14.80 | 44.71 | 20.29 | (1.79) | (9.51) | 46.30 |
| EBITDA margin | +4.9% | -1.8% | +4.8% | +7.4% | +4.1% | -0.5% | -2.8% | +10.1% |
| Depreciation | 5.96 | 7.69 | 6.75 | 6.88 | 6.62 | 7.38 | 7.30 | 7.00 |
| Interest | 9.89 | 10.59 | 8.92 | 8.45 | 8.53 | 11.46 | 5.66 | 5.07 |
| Profit before tax | 13.41 | (18.24) | 14.17 | 41.54 | 29.63 | (7.30) | (12.11) | 46.93 |
| Tax | 3.95 | (5.74) | 4.85 | 9.50 | 7.61 | (2.02) | (2.99) | 12.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,756 | 1,496 | 1,275 | 1,324 | 1,450 | 1,219 | 951 |
| Revenue growth | +17.4% | +17.4% | -3.8% | -8.7% | +19.0% | +28.1% | - |
| Other income | 58.14 | 45.58 | 30.39 | 13.58 | 19.35 | 7.03 | 16.53 |
| Total expenses | 1,682 | 1,413 | 1,178 | 1,163 | 1,191 | 997 | 822 |
| Employee cost | 81.65 | 80.32 | 72.65 | 64.42 | 58.37 | 52.18 | 46.47 |
| EBITDA | 73.39 | 83.22 | 96.60 | 161 | 260 | 221 | 129 |
| EBITDA margin | +4.2% | +5.6% | +7.6% | +12.2% | +17.9% | +18.2% | +13.6% |
| Depreciation | 27.95 | 28.50 | 24.85 | 22.59 | 19.78 | 14.69 | 8.20 |
| Interest | 36.49 | 26.02 | 11.75 | 7.91 | 4.07 | 5.40 | 8.84 |
| Profit before tax | 67.09 | 74.28 | 90.39 | 144 | 255 | 208 | 129 |
| Tax | 16.22 | 20.28 | 24.04 | 34.03 | 66.19 | 54.06 | 31.09 |
| Net profit | 49.50 | 53.11 | 66.28 | 110 | 189 | 154 | 97.71 |
| Net profit margin | +2.8% | +3.6% | +5.2% | +8.3% | +13.0% | +12.6% | +10.3% |
| EPS (₹) | 12.71 | 13.50 | 16.58 | 27.52 | 47.25 | 38.54 | 25.03 |
| 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 | 40.01 | 40.01 | 40.01 | 40.01 | 40.01 | 40.01 | 39.06 |
| Reserves & surplus | 934 | 886 | 837 | 776 | 674 | 488 | 282 |
| Shareholders' funds (net worth) | 974 | 926 | 877 | 816 | 714 | 528 | 321 |
| Secured loans | 250 | 144 | 139 | 89.01 | 89.56 | 50.28 | 43.08 |
| Unsecured loans | 231 | 99.17 | 4.01 | 3.99 | 1.63 | 2.03 | 0.00 |
| Total debt | 482 | 243 | 144 | 93.00 | 91.19 | 52.31 | 43.08 |
| Total liabilities | 1,459 | 1,173 | 1,024 | 918 | 814 | 594 | 371 |
| Assets | |||||||
| Gross block | 439 | 406 | 383 | 305 | 292 | 218 | 166 |
| Net block | 245 | 240 | 240 | 186 | 193 | 133 | 95.44 |
| Capital work in progress | 1.30 | 4.37 | 11.32 | 42.04 | 14.23 | 9.70 | 37.77 |
| Investments | 5.80 | 3.39 | 1.83 | 0.92 | 2.13 | 10.10 | 3.73 |
| Inventories | 299 | 250 | 244 | 297 | 256 | 166 | 146 |
| Sundry debtors | 650 | 560 | 498 | 388 | 447 | 342 | 258 |
| Cash & bank balances | 20.10 | 50.45 | 22.42 | 119 | 123 | 97.90 | 3.19 |
| Loans & advances | 62.00 | 49.67 | 35.98 | 32.20 | 54.23 | 62.66 | 64.14 |
| Total current assets | 1,031 | 911 | 801 | 836 | 880 | 668 | 471 |
| Total current liabilities | 397 | 523 | 375 | 241 | 294 | 249 | 252 |
| Net working capital | 635 | 387 | 426 | 594 | 586 | 419 | 219 |
| Total assets | 1,459 | 1,173 | 1,024 | 918 | 814 | 594 | 371 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 38.96 | 12.06 | 99.26 | 94.90 | 84.78 | 3.19 | 20.97 |
| Net cash from operating activities | (204) | 137 | 136 | 122 | 98.11 | 60.40 | 54.21 |
| Net cash from investing activities | (13.83) | (182) | (264) | (100) | (81.72) | (40.71) | (52.04) |
| Net cash from financing activities | 190 | 71.70 | 40.74 | (18.08) | (6.27) | 61.90 | (19.94) |
| Net change in cash | (27.38) | 26.91 | (87.21) | 4.36 | 10.12 | 81.59 | (17.77) |
| Closing cash | 20.10 | 50.45 | 22.42 | 119 | 123 | 97.90 | 3.19 |
| 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 | +17.4% | +17.4% | -3.8% | -8.7% | +19.0% | +28.1% | - |
| EBITDA growth | -11.8% | -13.9% | -40.0% | -38.0% | +17.4% | +71.1% | - |
| PBT growth | -9.7% | -17.8% | -37.3% | -43.5% | +22.6% | +61.7% | +5.5% |
| Net income growth | -6.8% | -19.9% | -39.5% | -42.0% | +22.9% | +57.5% | - |
| Revenue CAGR (3Y) | +9.9% | +1.0% | +1.5% | +11.7% | +13.0% | +18.0% | +17.8% |
| EBITDA CAGR (3Y) | -23.1% | -31.6% | -24.2% | +7.6% | +25.5% | +36.1% | +38.8% |
| Profitability & leverage | |||||||
| Net income margin | +2.9% | +3.6% | +5.2% | +8.3% | +13.0% | +12.7% | +10.3% |
| Return on capital employed | +7.9% | +9.1% | +10.5% | +17.6% | +36.8% | +44.3% | +42.0% |
| Return on net worth | +5.4% | +6.0% | +7.8% | +14.4% | +30.4% | +36.3% | +35.6% |
| Debt / equity | 0.38 | 0.21 | 0.14 | 0.12 | 0.12 | 0.11 | 0.17 |
| Long-term debt / equity | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 80.30 | 47.55 | 16.38 | 5.71 | 1.70 | 2.61 | 7.30 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.16 | 3.80 | 3.71 | 4.44 | 5.69 | 6.35 | 6.83 |
| Inventory turnover | 6.39 | 6.05 | 4.71 | 4.79 | 6.88 | 7.82 | 7.33 |
| Debtors turnover | 2.90 | 2.83 | 2.88 | 3.17 | 3.68 | 4.06 | 3.72 |
| EPS (₹) | 12.71 | 13.50 | 16.58 | 27.52 | 47.25 | 38.54 | 25.03 |
| Dividend per share (₹) | 0.00 | 0.00 | 1.25 | 1.25 | 2.00 | 1.70 | 1.50 |
| Book value per share (₹) | 243.43 | 231.46 | 219.31 | 203.98 | 178.57 | 131.99 | 82.15 |
To see the full year-wise statements and ratios of Heranba Industries Limited, buy the company report.
Board of directors of Heranba Industries Limited
Heranba Industries has 10 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anilkumar Mohanraj Marlecha Also directs: Shringar House of Mangalsutra Limited, Mizzen Ventures Limited | Director | 31 Aug 2018 | 8 Years 2 Months | Current |
| Ganesh Narayan Vanmali Also directs: Fintectual Finvest Private Limited | Director | 31 Aug 2018 | 8 Years 2 Months | Current |
| Sadashiv Kanyana Shetty Also directs: Daikaffil Chemicals India Limited, Heranba Organics Private Limited, Mikusu India Private Limited and 3 more | Whole-Time Director | 01 Jun 2018 | 8 Years 5 Months | Current |
| Raghuram Kanyan Shetty Also directs: Daikaffil Chemicals India Limited, Heranba Organics Private Limited, Mikusu India Private Limited and 2 more | Managing Director | 01 Jun 2018 | 8 Years 5 Months | Current |
| Reshma Dagdu Wadkar Also directs: Mizzen Ventures Limited, A B Infrabuild Limited | Director | 11 Nov 2021 | 4 Years 11 Months | Current |
| Shriraj Sadashiv Shetty | Whole-Time Director | 27 Jul 2022 | 4 Years 3 Months | Current |
Peer comparison
Heranba Industries Limited is compared with the 10 companies closest to it by revenue in the Agriculture industry (Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Willowood Chemicals Limited | ₹2,111.28 Cr (FY 2025) | 16.0% | Kolkata, West Bengal, India | |||
| Dhanuka Agritech Limited | ₹2,071.26 Cr (FY 2025) | 15.0% | Gurgaon, Haryana, India | |||
| Insecticides (India) Limited | ₹2,006.95 Cr (FY 2025) | 2.0% | Delhi, India | |||
| Safex Chemicals ( India) Limited | ₹1,605.82 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Krishi Rasayan Exports Pvt.Ltd. | ₹1,596.3 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Heranba Industries Limitedthis company | ₹1,594.99 Cr (FY 2026) | -₹77.62 Cr | -4.9% | 13.1% | 672 | Vapi, Gujarat, India |
| GSP Crop Science Limited | ₹1,301.06 Cr (FY 2025) | 12.0% | Ahmedabad, Gujarat, India | |||
| Nacl Industries Limited | ₹1,242.56 Cr (FY 2025) | -30.0% | Hyderabad, Telangana, India | |||
| Arysta Lifescience India Limited | ₹1,217.88 Cr (FY 2022) | 240.0% | Mumbai, Maharashtra, India | |||
| SML Limited | ₹1,214.37 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Cheminova India Limited | ₹1,205.86 Cr (FY 2025) | -50.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Heranba Industries Limited, buy the company report.
Auditor
Heranba Industries Limited is audited by NATVARLAL VEPARI & CO. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NATVARLAL VEPARI & CO. | FY 2025 | 106971W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 74.90%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.30% and retail and other public shareholders hold 24.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 74.90% | 74.90% | 74.90% | 74.90% |
| Public | 25.10% | 25.10% | 25.10% | 25.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2020 | 100344446 | Others | ₹318 Cr | Open | |
| 30 Sep 2023 | 100801160 | Others | ₹35 Cr | Satisfied | |
| 30 Mar 2021 | 100439013 | Others | ₹160 Cr | Satisfied | |
| 13 May 2019 | 100269689 | Others | ₹35 Cr | Satisfied | |
| 09 Apr 2014 | 10504889 | Corporation Bank | ₹30 Lakh | Satisfied |
To see the full charge records of Heranba Industries Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Heranba Industries Limited has 20 deals on record (8 market trades, 6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹9.65 Cr; the latest was in August 2024.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Market trade | ₹14.57 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2024 | Market trade | ₹12.9 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2024 | Market trade | ₹10.64 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jun 2023 | Market trade | ₹9.78 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Apr 2023 | Market trade | ₹7.63 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Heranba Industries 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
Heranba Industries Limited has 2,423 court cases on record: 2,251 filed by Heranba Industries, 172 filed against it. 991 cases are pending and 1,432 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2,327 | 128 | 971 |
| High courts | 88 | 40 | 19 |
| Supreme Court | 8 | 4 | 1 |
Cases on record (5 of 2,423)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Cri.Rev.App.) | Filed against the company by Ad India Chemical Industries Pvt Ltd and 3 Ors,(C.C.No.713/Sc/2026) | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against Oriental Crop Care Co-Pvt. Ltd. and 2 others | Pending |
| District court, New Delhi, Delhi | Court case (Ex.COMM - Award by Arb. Comm.) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Cri.Rev.App.) | Filed against the company | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Cri.Appeal) | Filed against the company by an individual | Pending |
To see the full case history of Heranba Industries 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
Heranba Industries Limited was last rated by Crisil on 01 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 01 Dec 2020 |
To see the full credit ratings and regulatory alerts of Heranba Industries Limited, buy the company report.
MSME payment delays
Heranba Industries Limited has 9 MSME Form 1 returns on record between 2018 and 2023, listing 1,035 overdue payments to 102 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 102)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dial4loanz Credit Services Private Limited | |||
| Gflexipack | |||
| Bloom Seal Containers Private Limited | |||
| an individual supplier | |||
| Apollo Engineers |
To see the full MSME payment records of Heranba Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Heranba Industries has 3 subsidiary companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Daikaffil Chemicals India Limited | L24114MH1992PLC067309 | |
| Heranba Organics Private Limited | U24110MH2022PTC389547 | |
| Mikusu India Private Limited | U24299MH2022PTC380276 |
To see the full group structure of Heranba Industries Limited, buy the company report.
Employees & EPFO
Heranba Industries Limited has a workforce of 672 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
GST
Heranba Industries has 21 GST registrations: 19 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH3787Q1Z0 | Gujarat | Active | 01 Jul 2017 |
| 03AAACH3787Q1Z4 | Punjab | Active | 01 Jul 2017 |
| 06AAACH3787Q1ZY | Haryana | Active | 01 Jul 2017 |
| 08AAACH3787Q1ZU | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Heranba Industries Limited, buy the company report.
Recent activity
Heranba Industries Limited has 18 board changes on record since 2012: 10 appointments and 8 cessations. The latest: Omprakash Singh was appointed as Director on 01 Apr 2026.
24 earlier events are in the company report.
News
Frequently asked questions
Heranba Industries is an active public limited company based in Vapi, Gujarat, India. The company works in crop protection, within the agriculture industry. It was incorporated on 17 March 1992 (34+ years old) and is registered under CIN L24231GJ1992PLC017315. Listed on BSE: 543266 and NSE: HERANBA.
Heranba Industries reported revenue of ₹1,594.99 Cr for FY 2025-26 (up 13.1% YoY) based on consolidated financials.
Heranba Industries has 10 current directors:
- Raghuram Kanyan Shetty - Managing Director
- Sadashiv Kanyana Shetty - Whole-Time Director
- Shriraj Sadashiv Shetty - Whole-Time Director
- Raunak Raghuram Shetty - Whole-Time Director
- Roshan Raghuram Shetty - Whole-Time Director
- Anilkumar Mohanraj Marlecha - Director
- Ganesh Narayan Vanmali - Director
- Reshma Dagdu Wadkar - Director
- Mulky Vishwanatha Shetty - Director
- Omprakash Singh - Director
The latest financial statements of Heranba Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Heranba Industries is 24AAACH3787Q1Z0, registered in Gujarat. The company has 21 GST registrations in all, of which 19 are active and 2 are cancelled or inactive. Other active GSTINs include 03AAACH3787Q1Z4 (Punjab), 06AAACH3787Q1ZY (Haryana), 08AAACH3787Q1ZU (Rajasthan).
The CIN (Corporate Identification Number) of Heranba Industries is L24231GJ1992PLC017315. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Heranba Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 543266) and NSE (symbol: HERANBA).
Heranba Industries has 2,423 court cases on record: 2,251 filed by the company and 172 filed against it. 991 are pending. Most are in the district courts.
Heranba Industries was incorporated on 17 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Heranba Industries has 20 deals on record (8 market trades, 6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹9.65 Cr; the latest was in August 2024.
The peers of Heranba Industries by revenue are Willowood Chemicals Limited, Dhanuka Agritech Limited, Insecticides (India) Limited, Safex Chemicals ( India) Limited, Krishi Rasayan Exports Pvt.Ltd. and 5 more, all in the Agriculture industry (Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Omprakash Singh was appointed as Director on 01 Apr 2026. Roshan Raghuram Shetty was appointed as Whole-Time Director on 01 Apr 2026. Raj Kumar Bafna ceased to be CFO on 30 Jun 2025. Heranba Industries has 18 board changes on record in total.

