MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-14-0000799
Morvel Laboratories Private Limited - pharma in Mehsana, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹22.93 Cr
▼ 8% YoY
Net profit · FY 2025
₹24.72 Lakh
Net margin 1.1%
EBITDA · FY 2025
₹2.72 Cr
EBITDA margin 11.9%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹13 Lakh
Issued & subscribed
Open charges
₹12.89 Cr
Satisfied ₹9.82 Cr
Company age
43 yrs
Est. 1983
Employees · EPFO
30
Provident fund records
About Morvel Laboratories Private Limited
Data last updated:
Morvel Laboratories Private Limited is a private limited company based in Mehsana, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 16 May 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1983PTC006187. Its GSTIN is 24AAACM8203A1Z7 (Gujarat).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹13 Lakh. It is led by directors including Rikin Bipinchandra Patel and Rinku Rikinkumar Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 251 G.I.D.C. Estate Ta : Mehsana Dist: Mehsana, Gujarat, India – 384002.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.93 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹24.72 Lakh (net margin 1.1%) and EBITDA of ₹2.72 Cr (EBITDA margin 11.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 13% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.89 Cr and satisfied charges of ₹9.82 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Morvel Laboratories Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-14-0000799). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website morvellab.com.
Company details
CIN U24231GJ1983PTC006187
Registration Number 006187
Incorporation Date 16 May 1983
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-14-0000799
Key People
Rikin Bipinchandra Patel Director Rinku Rikinkumar Patel Director Shardaben Babhaidas Patel Director Recognitions & Rankings of Morvel Laboratories
Contact details
Morvel Laboratories Private Limited's registered office is in Mehsana, Gujarat. Its website is morvellab.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address251 G.I.D.C. Estate Ta : Mehsana Dist: Mehsana, Gujarat, India – 384002
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Morvel Laboratories Private Limited, buy the company report.
Comprehensive company report
Morvel Laboratories Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Morvel Laboratories 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 Morvel Laboratories Private Limited, buy the company report.
Financials of Morvel Laboratories Private Limited
FY 2025 filings availableMorvel Laboratories Private Limited reported revenue of ₹22.93 Cr (down 8% YoY) for FY 2025.
Revenue · FY 2025
₹22.93 Cr ▼ 8%
Net profit · FY 2025
₹24.72 Lakh margin 1.1%
EBITDA · FY 2025
₹2.72 Cr margin 11.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 18%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▲ 144%
5 years · compounded
▲ 11%
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 17% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹24.72 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.9% | ||||
| Net Profit Margin | 1.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Morvel Laboratories Private Limited, buy the company report.
Board of directors of Morvel Laboratories Private Limited
Morvel Laboratories has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rikin Bipinchandra Patel | Director | 08 Sep 2004 | 22 Years 1 Months | Current |
| Rinku Rikinkumar Patel | Director | 09 Nov 2013 | 12 Years 11 Months | Current |
| Shardaben Babhaidas Patel | Director | 09 Nov 2013 | 12 Years 11 Months | Current |
Peer comparison
Morvel Laboratories Private Limited is compared with the 5 companies closest to it by revenue in the Pharma industry (Formulations), 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 |
|---|---|---|---|---|---|---|
| Glumex Pharmaceuticals Manufacturing Pvt Ltd. | ₹23.04 Cr (FY 2025) | 2.0% | Vasai, Maharashtra, India | |||
| Cerotic Healthcare Private Limited | ₹22.98 Cr (FY 2024) | 52.0% | Ghaziabad, Uttar Pradesh, India | |||
| Morvel Laboratories Private Limitedthis company | ₹22.93 Cr (FY 2025) | ₹24.72 Lakh | 1.1% | -8.0% | 30 | Mehsana, Gujarat, India |
| Navil Laboratories Pvt Ltd | ₹22.93 Cr (FY 2024) | -15.0% | Ahmedabad, Gujarat, India | |||
| Orchid Bio-Tech Limited | ₹22.9 Cr (FY 2025) | -15.0% | Delhi, India | |||
| Cent Cure Private Limited | ₹22.88 Cr (FY 2025) | 17.0% | Baddi, Himachal Pradesh, India |
To see the full peer comparison of Morvel Laboratories Private Limited, buy the company report.
Auditor
Morvel Laboratories Private Limited is audited by BABUBHAI PATEL & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BABUBHAI PATEL & CO. | FY 2024 | 100817W |
Shareholding
The shareholding of Morvel Laboratories Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Morvel Laboratories Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12.89 Cr
Satisfied charges
₹9.82 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2025 | 101209746 | Axis Bank Limited | ₹4 Cr | Open | |
| 13 May 2025 | 101094889 | Axis Bank Limited | ₹5.49 Cr | Open | |
| 07 Nov 2022 | 100662603 | Hdfc Bank Limited | ₹60 Lakh | Open | |
| 10 May 2019 | 100265832 | Axis Bank Limited | ₹2.5 Cr | Open | |
| 02 Apr 1990 | 90108640 | The Visnagar Nagrik Sahakari Bank Ltd | ₹8 Lakh | Open |
To see the full charge records of Morvel Laboratories Private Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Morvel Laboratories Private Limited has 1 court case on record: 1 filed by Morvel Laboratories. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Morvel Laboratories Private 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.
MSME payment delays
Morvel Laboratories Private Limited has 9 MSME Form 1 returns on record between 2022 and 2024, listing 2,672 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sagar Rubber Products Private Limited | |||
| Bipin Offset Limited | |||
| Narendra Packaging Pvt Ltd | |||
| Qualikems Lifesciences Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Morvel Laboratories Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Morvel Laboratories Private Limited has a workforce of 30 employees on its EPFO records as of Feb 28, 2025, across 1 active EPFO establishment.
Employee count
30
Active EPFO establishments
1
Employee growth
-25%
GST
Morvel Laboratories has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACM8203A1Z7 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Morvel Laboratories Private Limited, buy the company report.
Recent activity
Morvel Laboratories Private Limited has 6 board changes on record since 2004: 3 appointments and 3 cessations. The latest: Rinku Rikinkumar Patel ceased to be Additional Director on 25 Sep 2014.
Charges
A charge with Axis Bank Limited amounted to Rs. 400.00 Lakh with Charge ID 101209746 was registered on 27 Dec 2025.
AGM
Morvel Laboratories Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 17 Aug 2021 via Charge ID 100473411 with Axis Bank Limited was fully satisfied on 26 May 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 549.00 Lakh with Charge ID 101094889 was registered on 13 May 2025.
Charges
A charge registered on 10 Feb 2022 via Charge ID 100548390 with Axis Bank Limited was fully satisfied on 03 May 2025.
Filing
Morvel Laboratories Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 22 Mar 2019 via Charge ID 100258007 with Axis Bank Limited was fully satisfied on 05 Feb 2025.
Charges
A charge registered on 23 Sep 2020 via Charge ID 100375701 with Axis Bank Limited was fully satisfied on 03 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 60.00 Lakh with Charge ID 100662603 was registered on 07 Nov 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 167.00 Lakh with Charge ID 100548390 was registered on 10 Feb 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 200.00 Lakh with Charge ID 100473411 was registered on 17 Aug 2021.
Charges
A charge with Axis Bank Limited of Rs. 29.00 Lakh registered on 23 Sep 2020 with Charge ID 100375701 was modified on 12 Jan 2021.
24 earlier events are in the company report.
Frequently asked questions
Morvel Laboratories is an active private limited company based in Mehsana, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 16 May 1983 (43+ years old) and is registered under CIN U24231GJ1983PTC006187.
Morvel Laboratories has 3 current directors:
- Rikin Bipinchandra Patel - Director
- Rinku Rikinkumar Patel - Director
- Shardaben Babhaidas Patel - Director
The latest financial statements of Morvel Laboratories on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Morvel Laboratories is 24AAACM8203A1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Morvel Laboratories is U24231GJ1983PTC006187. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Morvel Laboratories has 1 court case on record: 1 filed by the company.
Morvel Laboratories was incorporated on 16 May 1983, making it 43+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Morvel Laboratories by revenue are Glumex Pharmaceuticals Manufacturing Pvt Ltd, Cerotic Healthcare Private Limited, Navil Laboratories Pvt Ltd, Orchid Bio-Tech Limited, Cent Cure Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Rinku Rikinkumar Patel ceased to be Additional Director on 25 Sep 2014. Shardaben Babhaidas Patel ceased to be Additional Director on 25 Sep 2014. Minaxiben Kamalkumar Patel ceased to be Director on 09 Nov 2013. Morvel Laboratories has 6 board changes on record in total.
Yes, Morvel Laboratories is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-14-0000799).
Morvel Laboratories has 9 MSME Form 1 returns on record between 2022 and 2024, listing 2,672 overdue payments to 12 micro and small suppliers. The latest return was filed on 27 Apr 2024.
Morvel Laboratories can be reached through the website morvellab.com. Its registered office is in Mehsana, Gujarat, India.