About Lactose (India) Limited
Data last updated: 19 February 2026
Lactose (India) Limited is a public limited company based in Poicha, Gujarat, India. It specialises in api manufacturers, a part of the broader pharmaceuticals sector. Incorporated on 11 March 1991, the company has been in operation for over 35 years.
Registered with ROC Ahmedabad under CIN L15201GJ1991PLC015186. Listed on BSE: 524202.
Capital: an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.59 Cr. It is led by directors including Atul Maheshwari and Sangita Maheshwari.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Survey No.5 6 & 7A Village – Poicha (Rania). Taluka Savli District Vadodara, Gujarat, India – 391780.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹163.29 Cr, a growth of 40.28% compared to the previous year. The net worth stands at ₹64.79 Cr (up 10.3% YoY). Total assets are valued at ₹183.23 Cr (up 37.29% YoY).
The company has a workforce of approximately 136 employees as per the latest available data.
The company is associated with 1 brand - Lactose India. As per MCA filings, the company has open charges of ₹65.48 Cr and satisfied charges of ₹230.31 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lactoseindialimited.com.
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Registered AddressSurvey No.5 6 & 7A Village – Poicha (Rania). Taluka Savli District Vadodara, Gujarat, India – 391780
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IndustryPharma, API Manufacturers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Lactose (India) Limited
Lactose (India) Limited has one previous CIN (Corporate Identification Number): U15201GJ1991PLC015186. The current CIN is L15201GJ1991PLC015186, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15201GJ1991PLC015186 | Current |
| U15201GJ1991PLC015186 | Previous |
Associated Brands with Lactose (India) Limited
Lactose (India) Limited operates one associated brand: Lactose India. These brands represent Lactose (India) Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Pharmaceutical excipients including lactose and dosage forms are manufactured. | lactoseindialimited.com |
Competitors & Alternatives of Lactose (India) Limited
Brands and companies operating in the same space as Lactose (India) Limited include Advanced Enzyme Technologies, Zivo Bioscience, Enzymotec and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
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Enzymes are manufactured for nutrition, food, feed, and textile industries. | Thane, India, India | 1989 |
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Bioactive compounds from algal strain | Keego Harbor, United States, United States | 1983 |
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Bio-functional lipid ingredients are developed for nutritional and pharmaceutical uses. | Kfar Saba, Israel, Israel | 1998 |
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Manufactures a range of health ingredients | Copenhagen, Denmark, Denmark | 1989 |
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Coffee beans are supplied by Kaffe Bueno in multiple categories. | Copenhagen, Denmark, Denmark | 2016 |
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Natural cough remedies and wellness products are developed by Zarbees. | Draper, United States, United States | 2008 |
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Nutraceutical and specialty ingredients are researched, developed, and supplied. | Benicia, United States, United States | 1987 |
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Developing antibodies and nutrients enriched preventive nutritional products. | Jerusalem, Israel, Israel | 2020 |
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Natural ingredients are manufactured for food, health, and nutrition sectors. | Rouen, France, France | 1895 |
Business Activity of Lactose (India) Limited
Lactose (India) Limited is engaged in the principal business activity of manufacturing, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details for Lactose (India) Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Lactose (India) Limited
Lactose (India) Limited is audited by DMKH & CO. (ICAI peer reviewed, certificate valid till 2027-04-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| DMKH & CO. (ICAI peer reviewed, certificate valid till 2027-04-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Lactose (India) Limited
Lactose (India) Limited is currently managed by 5 directors, with 12 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Atul Maheshwari
Also directs:
Solutix Technologies Llp, Lactose (India) Limited
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Managing Director | 11 Mar 1991 | 35 Years 4 Months | Current |
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Sangita Maheshwari
Also directs:
Lactose (India) Limited, Vitanosh Ingredients Private Limited
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Whole-Time Director | 24 Jan 2014 | 12 Years 5 Months | Current |
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Kishor Jivanbhai Patel
Also directs:
Lactose (India) Limited, Jivanlakshmi Ventures Llp, Pioneer Clean Amps Private Limited and 2 more
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Director | 22 Aug 2025 | 0 Years 10 Months | Current |
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Nandan Srinath
Also directs:
Lactose (India) Limited
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Director | 08 Aug 2024 | 1 Years 11 Months | Current |
| Chandra Mohan Bhagavatula | Director | 08 Aug 2024 | 1 Years 11 Months | Current |
Financials of Lactose (India) Limited FY 2026 filings available
Lactose (India) Limited reported revenue of ₹163.29 Cr (up 40.28% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹163.29 Cr | ₹116.4 Cr | ₹113.89 Cr | ₹65.8 Cr | ₹45.94 Cr | ₹34.96 Cr | ₹40.05 Cr | ₹40.61 Cr |
| Other Income | ₹1.07 Cr | ₹1.45 Cr | ₹1.12 Cr | ₹72.94 Lakh | ₹58.05 Lakh | ₹31.3 Lakh | ₹29.54 Lakh | ₹42.46 Lakh |
| Total Income | ₹164.36 Cr | ₹117.85 Cr | ₹115.01 Cr | ₹66.53 Cr | ₹46.52 Cr | ₹35.28 Cr | ₹40.34 Cr | ₹41.03 Cr |
| Cost of Materials Consumed | ₹87.52 Cr | ₹60.51 Cr | ₹48.86 Cr | ₹35.65 Cr | ₹5.57 Cr | ₹4.65 Cr | ₹5.47 Cr | ₹5.6 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.61 Cr | ₹0 | ₹1.64 Cr | ₹2.1 Cr |
| Changes in Inventories | ₹6.77 Cr | -₹8.14 Cr | ₹2.7 Cr | -₹11.31 Cr | ₹40.15 Lakh | ₹52.28 Lakh | -₹13.96 Lakh | ₹55,000 |
| Employee Benefit Expense | ₹14.08 Cr | ₹12.41 Cr | ₹10.63 Cr | ₹13.72 Cr | ₹13.74 Cr | ₹12.12 Cr | ₹13.21 Cr | ₹12.35 Cr |
| Finance Costs | ₹5.09 Cr | ₹6.1 Cr | ₹5.24 Cr | ₹6.04 Cr | ₹5.12 Cr | ₹5.45 Cr | ₹5.56 Cr | ₹5.35 Cr |
| Depreciation & Amortisation | ₹5.74 Cr | ₹5.39 Cr | ₹5.22 Cr | ₹4.69 Cr | ₹4.56 Cr | ₹4.36 Cr | ₹3.91 Cr | ₹3.6 Cr |
| Other Expenses | ₹36.55 Cr | ₹34.66 Cr | ₹32.7 Cr | ₹16.29 Cr | ₹12.36 Cr | ₹11.45 Cr | ₹10.6 Cr | ₹10.94 Cr |
| Total Expenses | ₹155.74 Cr | ₹110.94 Cr | ₹105.35 Cr | ₹65.06 Cr | ₹43.35 Cr | ₹38.55 Cr | ₹40.24 Cr | ₹39.96 Cr |
| Profit Before Exceptional Items & Tax | ₹8.62 Cr | ₹6.92 Cr | ₹9.66 Cr | ₹1.46 Cr | ₹3.17 Cr | -₹3.27 Cr | ₹9.94 Lakh | ₹1.07 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹8.62 Cr | ₹6.92 Cr | ₹9.66 Cr | ₹1.46 Cr | ₹3.17 Cr | -₹3.27 Cr | ₹9.94 Lakh | ₹1.07 Cr |
| Total Tax Expense | ₹2.56 Cr | ₹1.75 Cr | ₹2.88 Cr | ₹25.59 Lakh | ₹71.5 Lakh | -₹79.31 Lakh | ₹2.74 Lakh | ₹35.43 Lakh |
| Net Profit | ₹6.06 Cr | ₹5.16 Cr | ₹6.79 Cr | ₹1.21 Cr | ₹2.45 Cr | -₹2.48 Cr | ₹7.2 Lakh | ₹72.01 Lakh |
| Other Comprehensive Income | -₹1.31 Lakh | -₹4.74 Lakh | -₹25.08 Lakh | ₹6.77 Lakh | -₹7.05 Lakh | ₹5.54 Lakh | -₹3.6 Lakh | -₹1.2 Lakh |
| Total Comprehensive Income | ₹6.05 Cr | ₹5.12 Cr | ₹6.54 Cr | ₹1.28 Cr | ₹2.38 Cr | -₹2.42 Cr | ₹3.6 Lakh | ₹70.81 Lakh |
| EBITDA (computed) | ₹19.45 Cr | ₹18.41 Cr | ₹20.12 Cr | ₹12.19 Cr | ₹12.84 Cr | ₹6.54 Cr | ₹9.56 Cr | ₹10.03 Cr |
| Basic EPS | ₹4.82 | ₹4.10 | ₹5.39 | ₹0.96 | ₹2.10 | ₹-2.40 | ₹0.07 | ₹0.71 |
| Diluted EPS | ₹4.68 | ₹4.06 | ₹5.39 | ₹0.96 | ₹2.10 | ₹-2.40 | ₹0.07 | ₹0.71 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹183.23 Cr | ₹133.47 Cr | ₹100.74 Cr | ₹101.78 Cr | ₹90.22 Cr | ₹88.34 Cr | ₹83.26 Cr | ₹81.67 Cr |
| Non-current Assets | ₹84.61 Cr | ₹76.14 Cr | ₹65.21 Cr | ₹64.28 Cr | ₹67.47 Cr | ₹68.64 Cr | ₹63.53 Cr | ₹63.98 Cr |
| Current Assets | ₹98.62 Cr | ₹57.33 Cr | ₹35.53 Cr | ₹37.5 Cr | ₹22.75 Cr | ₹19.7 Cr | ₹19.73 Cr | ₹17.69 Cr |
| Property, Plant & Equipment | ₹68.22 Cr | ₹51.69 Cr | ₹54.6 Cr | ₹55.87 Cr | ₹58.82 Cr | ₹58.88 Cr | ₹61.79 Cr | ₹60.39 Cr |
| Inventories | ₹55.95 Cr | ₹24.55 Cr | ₹16.79 Cr | ₹22.78 Cr | ₹7.12 Cr | ₹8.32 Cr | ₹8.91 Cr | ₹8.11 Cr |
| Trade Receivables | ₹33.46 Cr | ₹21.64 Cr | ₹15.4 Cr | ₹12.49 Cr | ₹11.35 Cr | ₹6.43 Cr | ₹6.98 Cr | ₹6.87 Cr |
| Cash & Equivalents | ₹52.99 Lakh | ₹4.48 Cr | ₹1.53 Cr | ₹58.11 Lakh | ₹1.92 Cr | ₹2.16 Cr | ₹1.65 Cr | ₹68.87 Lakh |
| Equity (Net Worth) | ₹64.79 Cr | ₹58.74 Cr | ₹47.1 Cr | ₹40.56 Cr | ₹39.28 Cr | ₹35.09 Cr | ₹34.29 Cr | ₹34.25 Cr |
| Equity Share Capital | ₹12.59 Cr | ₹12.59 Cr | ₹12.59 Cr | ₹12.59 Cr | ₹12.59 Cr | ₹11.44 Cr | ₹10.19 Cr | ₹10.19 Cr |
| Borrowings (Non-current) | ₹22.86 Cr | ₹25.88 Cr | ₹24.19 Cr | ₹33.04 Cr | ₹34.25 Cr | ₹39.26 Cr | ₹33.68 Cr | ₹31.5 Cr |
| Borrowings (Current) | ₹38.8 Cr | ₹30.31 Cr | ₹13.88 Cr | ₹5.79 Cr | ₹6.7 Cr | ₹2.69 Cr | ₹1.53 Cr | ₹14.55 Lakh |
| Total Debt (computed) | ₹61.66 Cr | ₹56.19 Cr | ₹38.07 Cr | ₹38.82 Cr | ₹40.96 Cr | ₹41.95 Cr | ₹35.21 Cr | ₹31.65 Cr |
| Current Liabilities | ₹89.8 Cr | ₹44.89 Cr | ₹25.4 Cr | ₹26.57 Cr | ₹14.91 Cr | ₹11.63 Cr | ₹11.41 Cr | ₹12.11 Cr |
| Total Liabilities | ₹118.44 Cr | ₹74.73 Cr | ₹53.64 Cr | ₹61.22 Cr | ₹50.94 Cr | ₹53.26 Cr | ₹48.98 Cr | ₹47.42 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹5.56 Cr | -₹29.25 Lakh | ₹9.42 Cr | ₹8.06 Cr | ₹8.47 Cr |
| Investing Cash Flow | -₹10.22 Cr | -₹15.57 Cr | -₹2.24 Cr | -₹1.02 Cr | -₹56.15 Lakh |
| Financing Cash Flow | ₹71.33 Lakh | ₹18.81 Cr | -₹6.23 Cr | -₹8.38 Cr | -₹8.14 Cr |
| Capital Expenditure | ₹10.48 Cr | ₹14.38 Cr | ₹2.19 Cr | ₹1.56 Cr | ₹1.32 Cr |
| Free Cash Flow (computed) | -₹4.93 Cr | -₹14.67 Cr | ₹7.23 Cr | ₹6.5 Cr | ₹7.14 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹3.95 Cr | ₹2.95 Cr | ₹94.9 Lakh | -₹1.34 Cr | -₹23.86 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹45.77 Cr | ₹36.77 Cr | ₹41.18 Cr | ₹39.58 Cr | ₹27.77 Cr | ₹28.72 Cr | ₹30.45 Cr | ₹29.46 Cr |
| Other Income | ₹21.54 Lakh | ₹63.41 Lakh | ₹37.24 Lakh | ₹41.46 Lakh | ₹37.09 Lakh | ₹56.15 Lakh | ₹29.94 Lakh | ₹22.21 Lakh |
| Total Income | ₹45.98 Cr | ₹37.4 Cr | ₹41.55 Cr | ₹39.99 Cr | ₹28.14 Cr | ₹29.28 Cr | ₹30.75 Cr | ₹29.68 Cr |
| Cost of Materials Consumed | ₹28.28 Cr | ₹21.3 Cr | ₹22.3 Cr | ₹15.64 Cr | ₹17.76 Cr | ₹14.12 Cr | ₹16.14 Cr | ₹12.5 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹72.56 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹1.04 Cr | -₹55.49 Lakh | ₹0 | ₹7.64 Cr | -₹5.55 Cr | ₹38.59 Lakh | -₹3.04 Cr | ₹6.17 Lakh |
| Employee Benefit Expense | ₹3.53 Cr | ₹3.57 Cr | ₹3.54 Cr | ₹3.44 Cr | ₹3.35 Cr | ₹3.16 Cr | ₹3 Cr | ₹2.91 Cr |
| Finance Costs | ₹1.43 Cr | ₹1.39 Cr | ₹1.04 Cr | ₹1.22 Cr | ₹1.84 Cr | ₹1.64 Cr | ₹1.37 Cr | ₹1.26 Cr |
| Depreciation & Amortisation | ₹1.5 Cr | ₹1.43 Cr | ₹1.44 Cr | ₹1.37 Cr | ₹1.39 Cr | ₹1.35 Cr | ₹1.33 Cr | ₹1.31 Cr |
| Other Expenses | ₹9.97 Cr | ₹9.39 Cr | ₹9.36 Cr | ₹8.4 Cr | ₹8.8 Cr | ₹8.1 Cr | ₹9.34 Cr | ₹8.42 Cr |
| Total Expenses | ₹43.67 Cr | ₹36.52 Cr | ₹38.41 Cr | ₹37.7 Cr | ₹27.59 Cr | ₹28.75 Cr | ₹28.14 Cr | ₹26.46 Cr |
| Profit Before Exceptional Items & Tax | ₹2.31 Cr | ₹87.8 Lakh | ₹3.14 Cr | ₹2.29 Cr | ₹54.85 Lakh | ₹53.43 Lakh | ₹2.61 Cr | ₹3.23 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹2.31 Cr | ₹87.8 Lakh | ₹3.14 Cr | ₹2.29 Cr | ₹54.85 Lakh | ₹53.43 Lakh | ₹2.61 Cr | ₹3.23 Cr |
| Total Tax Expense | ₹43.2 Lakh | ₹34.96 Lakh | ₹98.56 Lakh | ₹79.01 Lakh | -₹9.37 Lakh | ₹31.58 Lakh | ₹57.43 Lakh | ₹95.84 Lakh |
| Net Profit | ₹1.88 Cr | ₹52.84 Lakh | ₹2.16 Cr | ₹1.5 Cr | ₹64.22 Lakh | ₹21.85 Lakh | ₹2.03 Cr | ₹2.27 Cr |
| Other Comprehensive Income | ₹3.69 Lakh | -₹5 Lakh | ₹0 | ₹0 | -₹4.74 Lakh | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹1.91 Cr | ₹47.84 Lakh | ₹2.16 Cr | ₹1.5 Cr | ₹59.48 Lakh | ₹21.85 Lakh | ₹2.03 Cr | ₹2.27 Cr |
| EBITDA (computed) | ₹5.24 Cr | ₹3.7 Cr | ₹5.63 Cr | ₹4.88 Cr | ₹3.78 Cr | ₹3.53 Cr | ₹5.31 Cr | ₹5.79 Cr |
| Basic EPS | ₹1.49 | ₹0.42 | ₹1.71 | ₹1.19 | ₹0.51 | ₹0.17 | ₹1.61 | ₹1.80 |
| Diluted EPS | ₹1.45 | ₹0.41 | ₹1.67 | ₹1.16 | ₹0.50 | ₹0.17 | ₹1.61 | ₹1.80 |
Shareholding Pattern of Lactose (India) Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 53.65%, domestic institutional investors hold 0.62%, retail and other public shareholders hold 45.74% of Lactose (India) Limited. The company had 16,670 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 53.65% | 53.65% | 53.65% | 53.65% | 53.65% | 53.65% |
| Public | 46.35% | 46.35% | 46.35% | 46.35% | 46.35% | 46.35% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 53.65% | 53.65% | 53.65% |
| Public | 46.35% | 46.35% | 46.35% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Lactose (India) Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2025 | Others | ₹20.72 Lakh | Open |
| 23 Dec 2024 | Others | ₹15.39 Lakh | Open |
| 29 Jul 2024 | Others | ₹40.65 Lakh | Open |
| 10 Apr 2023 | Others | ₹64.45 Cr | Open |
| 09 Jul 2021 | Hdfc Bank Limited | ₹26.47 Lakh | Open |
Total charge records: 28 View all charges
Employees and EPFO Compliance at Lactose (India) Limited
Lactose (India) Limited has a workforce of 136 employees as of Oct 10, 2025.
Employee and EPFO history for Lactose (India) Limited
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GST Compliance of Lactose (India) Limited
GST registrations and filing compliance for Lactose (India) Limited
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Credit Ratings, Litigation & Regulatory Alerts for Lactose (India) Limited
Credit ratings, litigation, and regulatory alerts for Lactose (India) Limited
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MSME Payment Delays by Lactose (India) Limited
MSME payment history for Lactose (India) Limited
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Subsidiaries & Group Companies of Lactose (India) Limited
Corporate group structure for Lactose (India) Limited
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MCA Filings & Documents of Lactose (India) Limited
MCA filings and documents for Lactose (India) Limited
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Recent Activity on Lactose (India) Limited
Frequently Asked Questions about Lactose (India) Limited
Lactose (India) Limited is an active public limited company in the pharma sector based in Poicha, Gujarat, India. It was incorporated on 11 March 1991 (35+ years old) and is registered under CIN L15201GJ1991PLC015186. Listed on BSE: 524202. The company has 136 employees.
Lactose (India) Limited reported revenue of ₹163.29 Cr for FY 2026 (up 40.28% YoY) based on standalone BSE filings.
The current directors of Lactose (India) Limited are:
- Atul Maheshwari - Managing Director
- Sangita Maheshwari - Whole-Time Director
- Kishor Jivanbhai Patel - Director
- Nandan Srinath - Director
- Chandra Mohan Bhagavatula - Director
The primary industry of Lactose (India) Limited is pharma. The company specifically operates in api manufacturers. The company is currently active in this sector.
Yes. Lactose (India) Limited is listed on BSE with code 524202.
Lactose (India) Limited can be reached at the registered office: Survey No.5 6 & 7A Village – Poicha Rania. Taluka Savli District Vadodara, Gujarat, India – 391780, or through the website lactoseindialimited.com.