
About Morepen Laboratories Limited
Data last updated:
Morepen Laboratories Limited is a public limited company based in Himachal Pradesh, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 01 December 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN L24231HP1984PLC006028. Its GSTIN is 02AABCM1083B1ZA (Himachal Pradesh). The company holds 23 GST registrations, of which 13 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500288 and NSE: MOREPENLAB.
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹109.58 Cr. It was formerly known as Morepen Laboratories Private Limited. It is led by directors including Sushil Suri (Managing Director) and Sanjay Suri (Whole-Time Director).
Its last annual general meeting (AGM) was held on 06 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Village Morepen Nalagarh Road Near Baddi Distt Solan, Himachal Pradesh, India – 173205.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,805.69 Cr, a decline of 0.3% compared to the previous year. For the same year it recorded a net profit of ₹63.79 Cr (net margin 3.5%) and EBITDA of ₹125.62 Cr (EBITDA margin 7%). The net worth stands at ₹1,246.43 Cr (up 7.8% YoY). Total assets are valued at ₹1,499.35 Cr (up 12.2% YoY).
The company has about 557 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
The company is associated with 1 brand: Morepen Laboratories. As per MCA filings, the company has open charges of ₹61.36 Cr and satisfied charges of ₹2,644.6 Cr on record. Court records list 637 cases involving the company, including 403 filed by the company and 234 filed against it; 55 cases are pending. The company has 66 deals on record (62 market trades, 3 funding rounds, 1 qip), with disclosed funding of ₹907.84 Cr; the latest was in August 2026. Its 8 peer companies in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 smaller; the largest is Pfizer Healthcare India Private Limited with revenue of ₹1,981.45 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website morepen.com.
Company details
Contact details
Morepen Laboratories Limited's registered office is in Himachal Pradesh. Its website is morepen.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVillage Morepen Nalagarh Road Near Baddi Distt Solan, Himachal Pradesh, India – 173205
- IndustryPharma, API Manufacturers
To see the full contact details of Morepen Laboratories 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
Morepen Laboratories operates one associated brand: Morepen Laboratories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| API, formulations, diagnostics, and FMHG products are manufactured and marketed. | morepen.com |
Business activity
The main business activity of Morepen 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 Morepen Laboratories Limited, buy the company report.
Financials of Morepen Laboratories Limited
FY 2025-26 filings availableMorepen Laboratories Limited reported revenue of ₹1,805.69 Cr (down 0.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,806 | 1,812 | 1,690 | 1,418 | 1,547 | 1,188 | 853 |
| Revenue growth | -0.3% | +7.2% | +19.3% | -8.4% | +30.2% | +39.3% | - |
| EBITDA | 126 | 174 | 159 | 79.53 | 137 | 119 | 68.51 |
| EBITDA margin | +7.0% | +9.6% | +9.4% | +5.6% | +8.8% | +10.0% | +8.0% |
| Profit before tax | 120 | 155 | 135 | 55.75 | 127 | 98.51 | 39.10 |
| Net profit | 63.79 | 118 | 96.17 | 38.67 | 102 | 97.09 | 33.57 |
| Net profit margin | +3.5% | +6.5% | +5.7% | +2.7% | +6.6% | +8.2% | +3.9% |
| EPS (₹) | 1.73 | 2.15 | 1.88 | 0.76 | 2.13 | 2.16 | 0.75 |
| Balance sheet | |||||||
| Total assets | 1,499 | 1,336 | 915 | 811 | 628 | 471 | 444 |
| Net worth | 1,246 | 1,156 | 847 | 753 | 579 | 425 | 284 |
| Total debt | 208 | 105 | 29.00 | 25.16 | 18.57 | 17.05 | 133 |
| Cash & bank | 68.83 | 49.36 | 52.12 | 56.31 | 45.97 | 67.89 | 38.88 |
| Net working capital | 720 | 647 | 513 | 459 | 295 | 139 | 153 |
| Cash flow | |||||||
| Cash from operations | 32.64 | 32.06 | 73.37 | (91.17) | (60.24) | 50.83 | 11.02 |
| Cash from investing | (126) | (322) | (83.30) | (46.51) | (31.68) | (70.35) | (12.46) |
| Cash from financing | 97.40 | 300 | 5.20 | 144 | 66.33 | 47.27 | 5.49 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 570 | 485 | 484 | 412 | 425 | 466 | 453 | 438 |
| Revenue growth (YoY) | +34.1% | +4.1% | +6.9% | -6.0% | -6.6% | - | - | - |
| Other income | 5.18 | 8.46 | 3.81 | 30.46 | 4.41 | 4.61 | 5.34 | 4.99 |
| EBITDA | 82.54 | 24.45 | 46.32 | 30.70 | 24.17 | 42.24 | 36.14 | 44.07 |
| EBITDA margin | +14.5% | +5.0% | +9.6% | +7.5% | +5.7% | +9.1% | +8.0% | +10.1% |
| Depreciation | 8.35 | 5.75 | 10.38 | 11.28 | 9.03 | 16.47 | 4.93 | 1.86 |
| Interest | 4.84 | 3.88 | 4.32 | 4.18 | 4.04 | 4.67 | 1.34 | 1.18 |
| Profit before tax | 74.53 | 23.28 | 35.43 | 45.70 | 15.51 | 25.71 | 35.21 | 46.02 |
| Tax | 18.18 | 7.59 | 7.93 | 4.65 | 4.11 | 5.41 | 8.52 | 11.17 |
| Net profit | 56.35 | 15.69 | 27.50 | 41.05 | 11.40 | 20.30 | 26.69 | 34.85 |
| EPS (₹) | 1.03 | 0.28 | 0.50 | 0.75 | 0.20 | 0.35 | 0.49 | 0.65 |
| 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 | 1,681 | 1,555 | 1,538 | 1,339 | 1,449 | 1,112 | 792 |
| Revenue growth | +8.2% | +1.1% | +14.8% | -7.6% | +30.3% | +40.5% | - |
| EBITDA | 112 | 153 | 162 | 77.27 | 129 | 112 | 64.47 |
| EBITDA margin | +6.7% | +9.9% | +10.5% | +5.8% | +8.9% | +10.1% | +8.1% |
| Profit before tax | 89.26 | 138 | 149 | 63.04 | 126 | 94.24 | 37.49 |
| Net profit | 64.68 | 102 | 111 | 46.24 | 101 | 94.24 | 32.34 |
| Net profit margin | +3.9% | +6.5% | +7.2% | +3.5% | +7.0% | +8.5% | +4.1% |
| EPS (₹) | 1.21 | 1.85 | 2.17 | 0.90 | 2.12 | 2.10 | 0.72 |
| Balance sheet | |||||||
| Total assets | 1,613 | 1,314 | 949 | 836 | 645 | 488 | 474 |
| Net worth | 1,243 | 1,182 | 889 | 780 | 598 | 445 | 307 |
| Total debt | 205 | 95.51 | 28.19 | 25.16 | 18.57 | 17.05 | 142 |
| Cash & bank | 59.40 | 46.33 | 50.48 | 55.90 | 45.55 | 66.98 | 38.03 |
| Net working capital | 635 | 629 | 515 | 464 | 291 | 133 | 160 |
| Cash flow | |||||||
| Cash from operations | 20.47 | 29.08 | 77.36 | (102) | (68.87) | 49.31 | 10.86 |
| Cash from investing | (119) | (280) | (83.60) | (36.20) | (22.64) | (69.09) | (12.08) |
| Cash from financing | 97.12 | 260 | 0.28 | 144 | 66.41 | 47.46 | 4.65 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 541 | 463 | 458 | 370 | 391 | 382 | 403 | 384 |
| Revenue growth (YoY) | +38.3% | +21.2% | +13.5% | -3.7% | +1.5% | - | - | - |
| Other income | 5.31 | 8.82 | 3.93 | 5.75 | 4.09 | 3.14 | 4.87 | 4.63 |
| Total expenses | 461 | 440 | 416 | 342 | 372 | 352 | 372 | 341 |
| EBITDA | 79.60 | 23.31 | 41.89 | 27.93 | 18.95 | 30.16 | 31.57 | 43.06 |
| EBITDA margin | +14.7% | +5.0% | +9.2% | +7.6% | +4.8% | +7.9% | +7.8% | +11.2% |
| Depreciation | 7.98 | 0.63 | 10.09 | 10.70 | 7.88 | 12.25 | 4.81 | 3.79 |
| Interest | 4.78 | 3.87 | 4.31 | 4.11 | 3.81 | 3.74 | 1.27 | 1.05 |
| Profit before tax | 72.15 | 27.63 | 31.42 | 18.87 | 11.35 | 17.31 | 30.36 | 42.85 |
| Tax | 18.15 | 7.50 | 7.93 | 4.49 | 3.29 | 5.40 | 7.69 | 10.93 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 570 | 485 | 484 | 412 | 425 | 466 | 453 | 438 |
| Revenue growth (YoY) | +34.1% | +4.1% | +6.9% | -6.0% | -6.6% | - | - | - |
| Other income | 5.18 | 8.46 | 3.81 | 30.46 | 4.41 | 4.61 | 5.34 | 4.99 |
| EBITDA | 82.54 | 24.45 | 46.32 | 30.70 | 24.17 | 42.24 | 36.14 | 44.07 |
| EBITDA margin | +14.5% | +5.0% | +9.6% | +7.5% | +5.7% | +9.1% | +8.0% | +10.1% |
| Depreciation | 8.35 | 5.75 | 10.38 | 11.28 | 9.03 | 16.47 | 4.93 | 1.86 |
| Interest | 4.84 | 3.88 | 4.32 | 4.18 | 4.04 | 4.67 | 1.34 | 1.18 |
| Profit before tax | 74.53 | 23.28 | 35.43 | 45.70 | 15.51 | 25.71 | 35.21 | 46.02 |
| Tax | 18.18 | 7.59 | 7.93 | 4.65 | 4.11 | 5.41 | 8.52 | 11.17 |
| Net profit | 56.35 | 15.69 | 27.50 | 41.05 | 11.40 | 20.30 | 26.69 | 34.85 |
| EPS (₹) | 1.03 | 0.28 | 0.50 | 0.75 | 0.20 | 0.35 | 0.49 | 0.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,806 | 1,812 | 1,690 | 1,418 | 1,547 | 1,188 | 853 |
| Revenue growth | -0.3% | +7.2% | +19.3% | -8.4% | +30.2% | +39.3% | - |
| Other income | 47.14 | 18.36 | 13.97 | 6.13 | 10.31 | 12.07 | 9.48 |
| Total expenses | 1,680 | 1,638 | 1,532 | 1,338 | 1,410 | 1,070 | 785 |
| Employee cost | 233 | 209 | 181 | 155 | 164 | 136 | 110 |
| EBITDA | 126 | 174 | 159 | 79.53 | 137 | 119 | 68.51 |
| EBITDA margin | +7.0% | +9.6% | +9.4% | +5.6% | +8.8% | +10.0% | +8.0% |
| Depreciation | 36.43 | 28.98 | 33.47 | 27.93 | 27.64 | 30.28 | 36.91 |
| Interest | 16.41 | 8.34 | 3.71 | 1.98 | (7.37) | 1.79 | 1.98 |
| Profit before tax | 120 | 155 | 135 | 55.75 | 127 | 98.51 | 39.10 |
| Tax | 24.28 | 37.10 | 38.79 | 17.08 | 25.02 | 1.42 | 5.53 |
| Net profit | 63.79 | 118 | 96.17 | 38.67 | 102 | 97.09 | 33.57 |
| Net profit margin | +3.5% | +6.5% | +5.7% | +2.7% | +6.6% | +8.2% | +3.9% |
| EPS (₹) | 1.73 | 2.15 | 1.88 | 0.76 | 2.13 | 2.16 | 0.75 |
| 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 | 110 | 110 | 102 | 102 | 95.56 | 89.96 | 89.96 |
| Reserves & surplus | 1,137 | 1,047 | 745 | 651 | 457 | 291 | 194 |
| Shareholders' funds (net worth) | 1,246 | 1,156 | 847 | 753 | 579 | 425 | 284 |
| Minority interest | 0.65 | 30.73 | 0.00 | (0.46) | (0.46) | (0.46) | (0.46) |
| Secured loans | 44.24 | 53.96 | 29.00 | 25.16 | 18.57 | 17.05 | 133 |
| Unsecured loans | 164 | 51.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 208 | 105 | 29.00 | 25.16 | 18.57 | 17.05 | 133 |
| Total liabilities | 1,499 | 1,336 | 915 | 811 | 628 | 471 | 444 |
| Assets | |||||||
| Gross block | 797 | 828 | 621 | 656 | 613 | 628 | 753 |
| Net block | 513 | 489 | 307 | 267 | 252 | 225 | 216 |
| Capital work in progress | 21.55 | 28.34 | 24.45 | 17.01 | 14.15 | 1.96 | 0.00 |
| Investments | 124 | 84.98 | 1.30 | 0.00 | 0.00 | 1.09 | 1.09 |
| Inventories | 272 | 300 | 249 | 229 | 276 | 175 | 138 |
| Sundry debtors | 333 | 325 | 325 | 263 | 251 | 182 | 138 |
| Cash & bank balances | 68.83 | 49.36 | 52.12 | 56.31 | 45.97 | 67.89 | 38.88 |
| Loans & advances | 467 | 407 | 263 | 208 | 162 | 102 | 57.14 |
| Total current assets | 1,141 | 1,082 | 889 | 756 | 734 | 527 | 372 |
| Total current liabilities | 420 | 435 | 376 | 297 | 439 | 388 | 219 |
| Net working capital | 720 | 647 | 513 | 459 | 295 | 139 | 153 |
| Total assets | 1,499 | 1,336 | 915 | 811 | 628 | 471 | 444 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 27.38 | 16.95 | 21.67 | 15.80 | 41.39 | 13.64 | 9.60 |
| Net cash from operating activities | 32.64 | 32.06 | 73.37 | (91.17) | (60.24) | 50.83 | 11.02 |
| Net cash from investing activities | (126) | (322) | (83.30) | (46.51) | (31.68) | (70.35) | (12.46) |
| Net cash from financing activities | 97.40 | 300 | 5.20 | 144 | 66.33 | 47.27 | 5.49 |
| Net change in cash | 3.81 | 10.44 | (4.72) | 5.86 | (25.58) | 27.75 | 4.04 |
| Closing cash | 68.83 | 49.36 | 52.12 | 56.31 | 45.97 | 67.89 | 38.88 |
| 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 | -0.3% | +7.2% | +19.3% | -8.4% | +30.2% | +39.3% | - |
| EBITDA growth | -27.8% | +9.7% | +99.5% | -41.8% | +15.3% | +73.0% | - |
| PBT growth | -22.7% | +14.6% | +142.9% | -56.0% | +28.6% | +151.9% | +34.0% |
| Net income growth | -46.0% | +22.7% | +148.7% | -62.0% | +4.7% | +189.2% | - |
| Revenue CAGR (3Y) | +8.4% | +5.4% | +12.5% | +18.4% | +26.3% | +25.1% | +12.7% |
| EBITDA CAGR (3Y) | +16.5% | +8.4% | +10.2% | +5.1% | +26.5% | +22.3% | +3.7% |
| Profitability & leverage | |||||||
| Net income margin | +5.3% | +6.5% | +5.7% | +2.7% | +6.6% | +8.2% | +3.9% |
| Return on capital employed | +7.9% | +14.7% | +16.1% | +8.0% | +21.7% | +20.9% | +8.5% |
| Return on net worth | +5.4% | +11.8% | +12.1% | +5.8% | +20.3% | +25.9% | +10.2% |
| Debt / equity | 0.13 | 0.07 | 0.03 | 0.03 | 0.04 | 0.21 | 0.49 |
| Long-term debt / equity | 0.07 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Interest cover | 18.40 | 5.75 | 2.96 | 3.84 | -6.76 | 2.03 | 6.27 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.22 | 2.50 | 2.65 | 2.23 | 2.49 | 1.72 | 1.04 |
| Inventory turnover | 6.32 | 6.60 | 7.08 | 5.62 | 6.86 | 7.57 | 7.33 |
| Debtors turnover | 5.49 | 5.58 | 5.75 | 5.52 | 7.15 | 7.43 | 6.29 |
| EPS (₹) | 1.73 | 2.15 | 1.88 | 0.76 | 2.13 | 2.16 | 0.75 |
| Dividend per share (₹) | 0.20 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 22.75 | 21.10 | 16.58 | 14.73 | 11.56 | 8.47 | 6.32 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 541 | 463 | 458 | 370 | 391 | 382 | 403 | 384 |
| Revenue growth (YoY) | +38.3% | +21.2% | +13.5% | -3.7% | +1.5% | - | - | - |
| Other income | 5.31 | 8.82 | 3.93 | 5.75 | 4.09 | 3.14 | 4.87 | 4.63 |
| Total expenses | 461 | 440 | 416 | 342 | 372 | 352 | 372 | 341 |
| EBITDA | 79.60 | 23.31 | 41.89 | 27.93 | 18.95 | 30.16 | 31.57 | 43.06 |
| EBITDA margin | +14.7% | +5.0% | +9.2% | +7.6% | +4.8% | +7.9% | +7.8% | +11.2% |
| Depreciation | 7.98 | 0.63 | 10.09 | 10.70 | 7.88 | 12.25 | 4.81 | 3.79 |
| Interest | 4.78 | 3.87 | 4.31 | 4.11 | 3.81 | 3.74 | 1.27 | 1.05 |
| Profit before tax | 72.15 | 27.63 | 31.42 | 18.87 | 11.35 | 17.31 | 30.36 | 42.85 |
| Tax | 18.15 | 7.50 | 7.93 | 4.49 | 3.29 | 5.40 | 7.69 | 10.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,681 | 1,555 | 1,538 | 1,339 | 1,449 | 1,112 | 792 |
| Revenue growth | +8.2% | +1.1% | +14.8% | -7.6% | +30.3% | +40.5% | - |
| Other income | 22.59 | 15.72 | 12.57 | 5.76 | 10.24 | 11.77 | 9.42 |
| Total expenses | 1,569 | 1,401 | 1,376 | 1,262 | 1,320 | 1,000 | 728 |
| Employee cost | 206 | 177 | 160 | 146 | 150 | 123 | 98.07 |
| EBITDA | 112 | 153 | 162 | 77.27 | 129 | 112 | 64.47 |
| EBITDA margin | +6.7% | +9.9% | +10.5% | +5.8% | +8.9% | +10.1% | +8.1% |
| Depreciation | 29.31 | 24.44 | 21.90 | 18.01 | 21.19 | 28.11 | 34.43 |
| Interest | 16.10 | 7.10 | 3.51 | 1.98 | (7.37) | 1.79 | 1.97 |
| Profit before tax | 89.26 | 138 | 149 | 63.04 | 126 | 94.24 | 37.49 |
| Tax | 23.20 | 36.01 | 38.04 | 16.80 | 24.48 | 0.00 | 5.15 |
| Net profit | 64.68 | 102 | 111 | 46.24 | 101 | 94.24 | 32.34 |
| Net profit margin | +3.9% | +6.5% | +7.2% | +3.5% | +7.0% | +8.5% | +4.1% |
| EPS (₹) | 1.21 | 1.85 | 2.17 | 0.90 | 2.12 | 2.10 | 0.72 |
| 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 | 110 | 110 | 102 | 102 | 95.56 | 89.96 | 89.96 |
| Reserves & surplus | 1,133 | 1,072 | 787 | 678 | 476 | 311 | 217 |
| Shareholders' funds (net worth) | 1,243 | 1,182 | 889 | 780 | 598 | 445 | 307 |
| Secured loans | 44.24 | 53.96 | 28.19 | 25.16 | 18.57 | 17.05 | 13.43 |
| Unsecured loans | 160 | 41.55 | 0.00 | 0.00 | 0.00 | 0.00 | 129 |
| Total debt | 205 | 95.51 | 28.19 | 25.16 | 18.57 | 17.05 | 142 |
| Total liabilities | 1,613 | 1,314 | 949 | 836 | 645 | 488 | 474 |
| Assets | |||||||
| Gross block | 665 | 649 | 477 | 512 | 479 | 516 | 642 |
| Net block | 403 | 366 | 217 | 171 | 156 | 144 | 135 |
| Capital work in progress | 8.22 | 28.34 | 24.45 | 17.01 | 14.15 | 1.96 | 0.00 |
| Investments | 110 | 205 | 126 | 118 | 118 | 119 | 119 |
| Inventories | 257 | 286 | 220 | 211 | 258 | 170 | 132 |
| Sundry debtors | 333 | 294 | 317 | 255 | 222 | 156 | 121 |
| Cash & bank balances | 59.40 | 46.33 | 50.48 | 55.90 | 45.55 | 66.98 | 38.03 |
| Loans & advances | 263 | 403 | 255 | 208 | 151 | 101 | 56.35 |
| Total current assets | 913 | 1,029 | 843 | 731 | 677 | 493 | 348 |
| Total current liabilities | 278 | 400 | 328 | 267 | 385 | 359 | 188 |
| Net working capital | 635 | 629 | 515 | 464 | 291 | 133 | 160 |
| Total assets | 1,613 | 1,314 | 949 | 836 | 645 | 488 | 474 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 24.43 | 15.30 | 21.26 | 15.38 | 40.47 | 12.79 | 9.36 |
| Net cash from operating activities | 20.47 | 29.08 | 77.36 | (102) | (68.87) | 49.31 | 10.86 |
| Net cash from investing activities | (119) | (280) | (83.60) | (36.20) | (22.64) | (69.09) | (12.08) |
| Net cash from financing activities | 97.12 | 260 | 0.28 | 144 | 66.41 | 47.46 | 4.65 |
| Net change in cash | (1.43) | 9.12 | (5.96) | 5.88 | (25.09) | 27.68 | 3.43 |
| Closing cash | 59.40 | 46.33 | 50.48 | 55.90 | 45.55 | 66.98 | 38.03 |
| 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 | +8.2% | +1.1% | +14.8% | -7.6% | +30.3% | +40.5% | - |
| EBITDA growth | -27.0% | -5.2% | +109.4% | -40.2% | +14.9% | +74.3% | - |
| PBT growth | -35.1% | -7.6% | +136.3% | -49.8% | +33.2% | +151.4% | +31.0% |
| Net income growth | -36.3% | -8.4% | +139.9% | -54.3% | +7.3% | +191.4% | - |
| Revenue CAGR (3Y) | +7.9% | +2.4% | +11.4% | +19.1% | +26.4% | +25.7% | +13.1% |
| EBITDA CAGR (3Y) | +13.2% | +5.9% | +12.9% | +6.2% | +25.7% | +23.1% | +2.2% |
| Profitability & leverage | |||||||
| Net income margin | +3.9% | +6.5% | +7.2% | +3.5% | +7.0% | +8.5% | +4.1% |
| Return on capital employed | +7.2% | +12.8% | +17.1% | +8.8% | +20.9% | +19.6% | +8.0% |
| Return on net worth | +5.5% | +9.8% | +13.3% | +6.7% | +19.4% | +24.4% | +9.9% |
| Debt / equity | 0.12 | 0.06 | 0.03 | 0.03 | 0.03 | 0.21 | 0.48 |
| Long-term debt / equity | 0.07 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 19.45 | 5.50 | 2.51 | 3.34 | -6.83 | 2.12 | 6.56 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.56 | 2.76 | 3.11 | 2.70 | 2.91 | 1.92 | 1.12 |
| Inventory turnover | 6.19 | 6.14 | 7.13 | 5.70 | 6.77 | 7.37 | 7.09 |
| Debtors turnover | 5.36 | 5.09 | 5.37 | 5.61 | 7.68 | 8.03 | 6.51 |
| EPS (₹) | 1.21 | 1.85 | 2.17 | 0.90 | 2.12 | 2.10 | 0.72 |
| Dividend per share (₹) | 0.20 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 22.68 | 21.56 | 17.39 | 15.26 | 11.97 | 8.92 | 6.83 |
To see the full year-wise statements and ratios of Morepen Laboratories Limited, buy the company report.
Board of directors of Morepen Laboratories Limited
Morepen Laboratories has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Savita Also directs: BLS International Services Limited, BLS E-Services Limited, BLS IT Services Private Limited and 1 more | Director | 22 Jun 2020 | 6 Years 4 Months | Current |
| Sushil Suri Also directs: Bliss & Blue Ventures LLP, Shivalik Pesticides and Chemicals Pvt Ltd, Morepen Medipath Limited and 5 more | Managing Director | 20 Oct 2015 | 11 Years 0 Months | Current |
| Sanjay Suri Also directs: Bliss & Blue Ventures LLP, Shivalik Pesticides and Chemicals Pvt Ltd, Morepen Medipath Limited and 5 more | Whole-Time Director | 13 Aug 2019 | 7 Years 2 Months | Current |
| Praveen Kumar Dutt Also directs: Nexiris Global Private Limited, Si Infratel Private Limited | Director | 13 Aug 2019 | 7 Years 2 Months | Current |
| Ranjit Khattar Also directs: Xpress Funding Advisors LLP, Dr. Morepen Limited, Eldeco Sohna Projects Limited and 5 more | Director | 12 Aug 2024 | 2 Years 2 Months | Current |
| Sharad Jain Also directs: Dr. Morepen Limited | Director | 27 Aug 2024 | 2 Years 1 Months | Current |
Peer comparison
Morepen Laboratories Limited is compared with the 8 companies closest to it by revenue in the Pharma industry (API Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Pfizer Healthcare India Private Limited | ₹1,981.45 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| MSN Life Sciences Private Limited | ₹1,961.87 Cr (FY 2024) | 54.0% | Hyderabad, Telangana, India | |||
| Hikal Limited | ₹1,864.8 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Aarti Pharmalabs Limited | ₹1,857.5 Cr (FY 2024) | -5.0% | Vapi, Gujarat, India | |||
| Morepen Laboratories Limitedthis company | ₹1,805.69 Cr (FY 2026) | ₹63.79 Cr | 3.5% | -0.3% | 557 | Himachal Pradesh, India |
| MSN Pharmachem Private Limited | ₹1,716.51 Cr (FY 2024) | 40.0% | Hyderabad, Telangana, India | |||
| Indoco Remedies Limited | ₹1,670.37 Cr (FY 2025) | -9.0% | Mumbai, Maharashtra, India | |||
| Dishman Pharmaceuticals and Chemicals Limited | ₹1,622.59 Cr (FY 2016) | -3.0% | Ahmedabad, Gujarat, India | |||
| Viyash Scientific Limited | ₹1,566.06 Cr (FY 2025) | 13.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Morepen Laboratories Limited, buy the company report.
Auditor
Morepen Laboratories Limited is audited by S.P BABUTA & ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.P BABUTA & ASSOCIATES | FY 2025 | 007657N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 35.60%, foreign institutional investors hold 1.50%, domestic institutional investors hold 1.30% and retail and other public shareholders hold 61.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 35.60% | 35.60% | 35.60% | 35.60% |
| Public | 64.40% | 64.40% | 64.40% | 64.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2026 | 101239522 | Others | ₹31 Lakh | Open | |
| 28 Dec 2025 | 101220140 | Others | ₹1.22 Cr | Open | |
| 23 May 2025 | 101108793 | Others | ₹50 Cr | Open | |
| 22 Apr 2025 | 101093377 | Others | ₹56.5 Lakh | Open | |
| 29 Mar 2025 | 101077422 | Others | ₹28.4 Lakh | Open |
To see the full charge records of Morepen Laboratories Limited, buy the company report.
Total charge records: 120 View all charges
Deals & funding
Morepen Laboratories Limited has 66 deals on record (62 market trades, 3 funding rounds, 1 qip), with disclosed funding of ₹907.84 Cr; the latest was in August 2026.
Deals on record (5 of 66)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹145.91 Cr | Buyer: Qe Securities LLP , Junomoneta Finsol Private Limited , Microcurves Trading Private Limited Seller: Qe Securities LLP , Junomoneta Finsol Private Limited , Microcurves Trading Private Limited |
| Aug 2026 | Market trade | ₹126.34 Cr | Buyer: Microcurves Trading Private Limited , Qe Securities LLP , Junomoneta Finsol Private Limited Seller: Microcurves Trading Private Limited , Qe Securities LLP , Junomoneta Finsol Private Limited |
| Jun 2026 | Market trade | ₹16.7 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Feb 2026 | Market trade | ₹48.56 Cr | Buyer: NK Securities Research Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP Seller: NK Securities Research Private Limited , Qe Securities LLP , Junomoneta Finsol Private Limited |
| Feb 2026 | Market trade | ₹44.66 Cr | Buyer: NK Securities Research Private Limited , Qe Securities LLP Seller: NK Securities Research Private Limited , Qe Securities LLP |
To see the full deal history of Morepen Laboratories 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
Morepen Laboratories Limited has 637 court cases on record: 403 filed by Morepen Laboratories, 234 filed against it. 55 cases are pending and 582 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 466 | 178 | 42 |
| High courts | 151 | 48 | 10 |
| Supreme Court | 15 | 7 | 2 |
| NCLAT | 4 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 637)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Mankind Pharma Limited | Pending |
| District court, Solan, Himachal Pradesh | Interim or miscellaneous application | Filed by the company against M/S Jan Aushadhi Sangh | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Intas Pharmaceuticals Limited | Disposed |
| District court, Gorakhpur, Uttar Pradesh | Execution petition | Filed by the company against M/S Winsmed Pharmaceuticals Pvt Ltd. and 4 others | Disposed |
| Bombay High Court | Court case (APEAL) | Filed against the company by The State of Maharashtra | Pending |
To see the full case history of Morepen Laboratories 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
No delayed payments to MSME suppliers are on our record for Morepen Laboratories Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Morepen Laboratories has 6 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 |
|---|---|---|
| Morepen RX Limited | U21001HP2023PLC009940 | |
| Dr. Morepen Limited | U24232DL2001PLC111636 | |
| Total Care Limited | U24246DL2000PLC105296 | |
| Morepen Medipath Limited | U32509HP2025PLC011337 | |
| Morepen Devices Limited | U33112HP2021PLC008798 | |
| Quick Med Private Limited | U46497HR2025PTC129787 |
To see the full group structure of Morepen Laboratories Limited, buy the company report.
Employees & EPFO
Morepen Laboratories Limited has a workforce of 557 employees on its EPFO records as of Sep 23, 2025, across 1 active EPFO establishment.
GST
Morepen Laboratories has 23 GST registrations: 13 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AABCM1083B1ZA | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AABCM1083B1Z8 | Punjab | Active | 01 Jul 2017 |
| 05AABCM1083B1Z4 | Uttarakhand | Active | 01 Jul 2017 |
| 06AABCM1083B1Z2 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Morepen Laboratories Limited, buy the company report.
Recent activity
Morepen Laboratories Limited has 22 board changes on record since 1992: 15 appointments and 7 cessations. The latest: Bhupender Raj Wadhwa ceased to be Director on 18 Sep 2024.
245 earlier events are in the company report.
News
Frequently asked questions
Morepen Laboratories is an active public limited company based in Himachal Pradesh, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 01 December 1984 (42+ years old) and is registered under CIN L24231HP1984PLC006028. Listed on BSE: 500288 and NSE: MOREPENLAB.
Morepen Laboratories reported revenue of ₹1,805.69 Cr for FY 2025-26 (down 0.3% YoY) based on consolidated financials.
Morepen Laboratories has 6 current directors:
- Sushil Suri - Managing Director
- Sanjay Suri - Whole-Time Director
- Savita - Director
- Praveen Kumar Dutt - Director
- Ranjit Khattar - Director
- Sharad Jain - Director
The latest financial statements of Morepen Laboratories on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 06 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Morepen Laboratories is 02AABCM1083B1ZA, registered in Himachal Pradesh. The company has 23 GST registrations in all, of which 13 are active and 10 are cancelled or inactive. Other active GSTINs include 03AABCM1083B1Z8 (Punjab), 05AABCM1083B1Z4 (Uttarakhand), 06AABCM1083B1Z2 (Haryana).
The CIN (Corporate Identification Number) of Morepen Laboratories is L24231HP1984PLC006028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Morepen Laboratories is a listed company as per MCA records. Its shares are listed on both BSE (code: 500288) and NSE (symbol: MOREPENLAB).
Morepen Laboratories has 637 court cases on record: 403 filed by the company and 234 filed against it. 55 are pending. Most are in the district courts.
Morepen Laboratories was incorporated on 01 December 1984, making it 42+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
Morepen Laboratories has 66 deals on record (62 market trades, 3 funding rounds, 1 qip), with disclosed funding of ₹907.84 Cr; the latest was in August 2026.
The peers of Morepen Laboratories by revenue are Pfizer Healthcare India Private Limited, MSN Life Sciences Private Limited, Hikal Limited, Aarti Pharmalabs Limited, MSN Pharmachem Private Limited and 3 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).