
About Ind Swift Laboratories Limited
Data last updated:
Ind Swift Laboratories Limited is a public limited company based in Chandigarh, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 04 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L24232CH1995PLC015553. Its GSTIN is 04AAACI6306G1Z1 (Chandigarh). The company holds 17 GST registrations, of which 15 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532305 and NSE: INDSWFTLAB.
The company has an authorised share capital of ₹140 Cr and a paid-up capital of ₹86.96 Cr. It is led by directors including Navrattan Munjal (Managing Director) and Rishav Mehta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at SCO 850 Shivalik Enclave Nac Manimajra, Chandigarh, India – 160101.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹641.29 Cr, a growth of 14.2% compared to the previous year. For the same year it recorded a net profit of ₹49.48 Cr (net margin 7.7%) and EBITDA of ₹34.09 Cr (EBITDA margin 5.3%). The net worth stands at ₹1,384.03 Cr (up 16.6% YoY). Total assets are valued at ₹1,421.67 Cr (up 16.1% YoY).
Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Ind Swift. As per MCA filings, the company has open charges of ₹827.92 Cr and satisfied charges of ₹5,103.76 Cr on record. Court records list 354 cases involving the company, including 87 filed by the company and 268 filed against it; 23 cases are pending. The company has 125 deals on record (110 market trades, 11 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹260.65 Cr; the latest was in May 2026. Its 9 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 5 smaller; the largest is Anuh Pharma Limited with revenue of ₹670.97 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 indswiftlabs.com.
Company details
CIN history
Ind Swift Laboratories has one previous CIN (Corporate Identification Number): U24232CH1995PLC015553. The current CIN is L24232CH1995PLC015553, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24232CH1995PLC015553 | Current |
| U24232CH1995PLC015553 | Previous |
Contact details
Ind Swift Laboratories Limited's registered office is in Chandigarh, Chandigarh. Its website is indswiftlabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSCO 850 Shivalik Enclave Nac Manimajra, Chandigarh, India – 160101
- IndustryPharma, API Manufacturers
To see the full contact details of Ind Swift 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
Ind Swift Laboratories operates one associated brand: Ind Swift. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| API CDMO also having capabilities to manufacture HPAPIs and intermediates | indswiftlabs.com |
Business activity
The main business activity of Ind Swift 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 Ind Swift Laboratories Limited, buy the company report.
Financials of Ind Swift Laboratories Limited
FY 2025-26 filings availableInd Swift Laboratories Limited reported revenue of ₹641.29 Cr (up 14.2% 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 | 641 | 562 | 1,281 | 1,207 | 1,039 | 891 | 780 |
| Revenue growth | +14.2% | -56.2% | +6.1% | +16.2% | +16.5% | +14.3% | - |
| EBITDA | 34.09 | (19.39) | 254 | 203 | 196 | 183 | 144 |
| EBITDA margin | +5.3% | -3.5% | +19.9% | +16.8% | +18.8% | +20.5% | +18.5% |
| Profit before tax | 49.05 | 258 | 582 | 86.52 | 12.53 | 18.01 | (19.77) |
| Net profit | 49.48 | 1.77 | 140 | 61.51 | 1.30 | (3.15) | (21.26) |
| Net profit margin | +7.7% | +0.3% | +11.0% | +5.1% | +0.1% | -0.4% | -2.7% |
| EPS (₹) | 4.84 | 36.44 | 71.24 | 7.96 | (0.36) | (0.53) | (3.54) |
| Balance sheet | |||||||
| Total assets | 1,422 | 1,225 | 949 | 1,562 | 1,571 | 1,625 | 1,687 |
| Net worth | 1,384 | 1,187 | 931 | 682 | 601 | 604 | 641 |
| Total debt | 17.91 | 18.78 | 16.63 | 862 | 953 | 1,005 | 1,031 |
| Cash & bank | 430 | 425 | 432 | 18.20 | 21.48 | 11.60 | 10.58 |
| Net working capital | 713 | 612 | 445 | 902 | 846 | 750 | 680 |
| Cash flow | |||||||
| Cash from operations | (68.17) | (28.69) | (163) | 195 | 150 | 135 | 125 |
| Cash from investing | (68.90) | (113) | (104) | (13.37) | 4.77 | (10.17) | (9.10) |
| Cash from financing | 142 | 72.42 | 699 | (186) | (141) | (124) | (133) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 191 | 170 | 151 | 153 | 153 | 138 | 129 | 11.96 |
| Revenue growth (YoY) | +25.4% | +22.8% | +17.1% | +1176.3% | +360.5% | - | - | - |
| Other income | 7.65 | 2.22 | 27.58 | 17.86 | 14.58 | 220 | 16.64 | 13.01 |
| EBITDA | 33.19 | 15.42 | (1.68) | 1.47 | 3.60 | (9.19) | (7.37) | (11.79) |
| EBITDA margin | +17.3% | +9.1% | -1.1% | +1.0% | +2.4% | -6.6% | -5.7% | -98.6% |
| Depreciation | 7.58 | 8.12 | 8.84 | 6.98 | 6.68 | 7.44 | 5.81 | 0.22 |
| Interest | 0.71 | (2.43) | 0.67 | 2.01 | 1.15 | (26.76) | 10.03 | 0.41 |
| Profit before tax | 32.55 | 11.95 | 16.39 | 10.34 | 10.35 | 230 | (6.57) | 0.59 |
| Tax | 7.99 | (3.15) | 6.87 | 2.30 | 1.71 | 8.19 | (1.08) | 0.18 |
| Net profit | 24.56 | 15.10 | 9.52 | 8.04 | 8.64 | 222 | (5.49) | 0.41 |
| EPS (₹) | 2.84 | 1.76 | 1.13 | 0.96 | 1.17 | 30.08 | (0.82) | 0.07 |
| 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 | 636 | 550 | 1,673 | 1,152 | 988 | 857 | 752 |
| Revenue growth | +15.7% | -67.1% | +45.2% | +16.6% | +15.4% | +13.9% | - |
| EBITDA | 35.23 | (12.94) | 299 | 195 | 192 | 180 | 142 |
| EBITDA margin | +5.5% | -2.4% | +17.9% | +17.0% | +19.4% | +21.1% | +18.9% |
| Profit before tax | 50.22 | 264 | 594 | 79.19 | 8.00 | 16.12 | (19.57) |
| Net profit | 50.70 | 8.05 | 146 | 55.86 | (2.57) | (4.40) | (20.87) |
| Net profit margin | +8.0% | +1.5% | +8.7% | +4.9% | -0.3% | -0.5% | -2.8% |
| EPS (₹) | 4.97 | 37.25 | 79.77 | 7.10 | (0.95) | (0.74) | (3.48) |
| Balance sheet | |||||||
| Total assets | 1,408 | 1,212 | 1,028 | 1,547 | 1,594 | 1,651 | 1,691 |
| Net worth | 1,371 | 1,178 | 812 | 675 | 633 | 639 | 645 |
| Total debt | 17.91 | 15.33 | 200 | 854 | 944 | 996 | 1,031 |
| Cash & bank | 415 | 410 | 488 | 9.96 | 9.38 | 9.95 | 8.84 |
| Net working capital | 617 | 545 | 472 | 833 | 789 | 700 | 675 |
| Cash flow | |||||||
| Cash from operations | (40.19) | (45.30) | (166) | 183 | 136 | 135 | 123 |
| Cash from investing | (100) | (110) | (27.71) | (13.69) | 2.76 | (10.17) | (10.15) |
| Cash from financing | 145 | 77.44 | 658 | (168) | (140) | (124) | (133) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 186 | 173 | 153 | 150 | 148 | 150 | 122 | 2.71 |
| Revenue growth (YoY) | +25.7% | +15.5% | +26.0% | +5451.3% | +385.9% | - | - | - |
| Other income | 7.63 | 2.21 | 23.89 | 17.86 | 14.58 | 216 | 16.63 | 12.95 |
| Total expenses | 153 | 158 | 150 | 148 | 145 | 158 | 123 | 14.71 |
| EBITDA | 33.09 | 15.15 | 3.23 | 2.19 | 3.07 | (8.69) | (1.66) | (12.00) |
| EBITDA margin | +17.8% | +8.8% | +2.1% | +1.5% | +2.1% | -5.8% | -1.4% | -442.8% |
| Depreciation | 7.58 | 8.08 | 8.84 | 6.98 | 6.68 | 7.44 | 5.81 | 0.22 |
| Interest | 0.71 | (2.44) | 0.67 | 2.01 | 1.15 | (26.76) | 10.03 | 0.41 |
| Profit before tax | 32.43 | 11.72 | 17.61 | 11.06 | 9.82 | 226 | (0.87) | 0.32 |
| Tax | 7.98 | (3.22) | 6.87 | 2.30 | 1.71 | 8.05 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 191 | 170 | 151 | 153 | 153 | 138 | 129 | 11.96 |
| Revenue growth (YoY) | +25.4% | +22.8% | +17.1% | +1176.3% | +360.5% | - | - | - |
| Other income | 7.65 | 2.22 | 27.58 | 17.86 | 14.58 | 220 | 16.64 | 13.01 |
| EBITDA | 33.19 | 15.42 | (1.68) | 1.47 | 3.60 | (9.19) | (7.37) | (11.79) |
| EBITDA margin | +17.3% | +9.1% | -1.1% | +1.0% | +2.4% | -6.6% | -5.7% | -98.6% |
| Depreciation | 7.58 | 8.12 | 8.84 | 6.98 | 6.68 | 7.44 | 5.81 | 0.22 |
| Interest | 0.71 | (2.43) | 0.67 | 2.01 | 1.15 | (26.76) | 10.03 | 0.41 |
| Profit before tax | 32.55 | 11.95 | 16.39 | 10.34 | 10.35 | 230 | (6.57) | 0.59 |
| Tax | 7.99 | (3.15) | 6.87 | 2.30 | 1.71 | 8.19 | (1.08) | 0.18 |
| Net profit | 24.56 | 15.10 | 9.52 | 8.04 | 8.64 | 222 | (5.49) | 0.41 |
| EPS (₹) | 2.84 | 1.76 | 1.13 | 0.96 | 1.17 | 30.08 | (0.82) | 0.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 641 | 562 | 1,281 | 1,207 | 1,039 | 891 | 780 |
| Revenue growth | +14.2% | -56.2% | +6.1% | +16.2% | +16.5% | +14.3% | - |
| Other income | 46.97 | 305 | 432 | 33.50 | 43.50 | 22.70 | 33.40 |
| Total expenses | 607 | 581 | 1,027 | 1,005 | 843 | 709 | 635 |
| Employee cost | 0.00 | 118 | 153 | 136 | 127 | 107 | 103 |
| EBITDA | 34.09 | (19.39) | 254 | 203 | 196 | 183 | 144 |
| EBITDA margin | +5.3% | -3.5% | +19.9% | +16.8% | +18.8% | +20.5% | +18.5% |
| Depreciation | 30.61 | 24.48 | 53.30 | 57.36 | 131 | 87.29 | 90.06 |
| Interest | 1.40 | 2.92 | 51.10 | 92.17 | 95.55 | 100 | 107 |
| Profit before tax | 49.05 | 258 | 582 | 86.52 | 12.53 | 18.01 | (19.77) |
| Tax | 7.73 | 7.27 | 160 | 38.69 | 14.68 | 21.16 | 1.42 |
| Net profit | 49.48 | 1.77 | 140 | 61.51 | 1.30 | (3.15) | (21.26) |
| Net profit margin | +7.7% | +0.3% | +11.0% | +5.1% | +0.1% | -0.4% | -2.7% |
| EPS (₹) | 4.84 | 36.44 | 71.24 | 7.96 | (0.36) | (0.53) | (3.54) |
| 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 | 86.84 | 82.94 | 59.09 | 59.81 | 59.81 | 59.81 | 59.81 |
| Reserves & surplus | 1,297 | 1,030 | 872 | 622 | 541 | 544 | 581 |
| Shareholders' funds (net worth) | 1,384 | 1,187 | 931 | 682 | 601 | 604 | 641 |
| Minority interest | (0.06) | (0.03) | (0.02) | 0.00 | (0.11) | (0.09) | 0.00 |
| Secured loans | 9.31 | 4.69 | 8.17 | 796 | 906 | 972 | 973 |
| Unsecured loans | 8.60 | 14.09 | 8.46 | 65.77 | 46.99 | 33.10 | 57.97 |
| Total debt | 17.91 | 18.78 | 16.63 | 862 | 953 | 1,005 | 1,031 |
| Total liabilities | 1,422 | 1,225 | 949 | 1,562 | 1,571 | 1,625 | 1,687 |
| Assets | |||||||
| Gross block | 700 | 655 | 11.02 | 1,334 | 1,322 | 1,317 | 1,357 |
| Net block | 304 | 273 | 7.66 | 587 | 630 | 753 | 843 |
| Capital work in progress | 12.41 | 0.00 | 0.00 | 7.71 | 10.31 | 18.84 | 11.45 |
| Investments | 248 | 213 | 111 | 30.34 | 29.06 | 35.53 | 17.45 |
| Inventories | 148 | 114 | 10.46 | 439 | 428 | 376 | 343 |
| Sundry debtors | 199 | 165 | 169 | 505 | 455 | 432 | 396 |
| Cash & bank balances | 430 | 425 | 432 | 18.20 | 21.48 | 11.60 | 10.58 |
| Loans & advances | 189 | 122 | 49.62 | 202 | 171 | 125 | 113 |
| Total current assets | 965 | 826 | 661 | 1,165 | 1,075 | 944 | 863 |
| Total current liabilities | 252 | 214 | 216 | 262 | 230 | 194 | 183 |
| Net working capital | 713 | 612 | 445 | 902 | 846 | 750 | 680 |
| Total assets | 1,422 | 1,225 | 949 | 1,562 | 1,571 | 1,625 | 1,687 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 425 | 494 | 18.20 | 21.48 | 11.60 | 10.58 | 29.97 |
| Net cash from operating activities | (68.17) | (28.69) | (163) | 195 | 150 | 135 | 125 |
| Net cash from investing activities | (68.90) | (113) | (104) | (13.37) | 4.77 | (10.17) | (9.10) |
| Net cash from financing activities | 142 | 72.42 | 699 | (186) | (141) | (124) | (133) |
| Net change in cash | 4.74 | (68.82) | 431 | (4.41) | 14.17 | 1.03 | (17.12) |
| Closing cash | 430 | 425 | 432 | 18.20 | 21.48 | 11.60 | 10.58 |
| 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 | +14.2% | -56.2% | +6.1% | +16.2% | +16.5% | +14.3% | - |
| EBITDA growth | +275.8% | -107.6% | +25.5% | +3.5% | +7.0% | +26.6% | - |
| PBT growth | -81.0% | -55.7% | +572.4% | +590.5% | -30.4% | +9998.0% | - |
| Net income growth | +2695.5% | -98.7% | +128.4% | +4631.5% | +141.3% | +85.2% | - |
| Revenue CAGR (3Y) | -19.0% | -18.5% | +12.9% | +15.7% | +11.1% | +5.2% | +2.9% |
| EBITDA CAGR (3Y) | -44.8% | - | +11.6% | +12.0% | +15.8% | +11.4% | +13.0% |
| Profitability & leverage | |||||||
| Net income margin | +6.4% | +44.6% | +32.9% | +4.0% | -0.2% | -0.4% | -2.7% |
| Return on capital employed | - | +0.8% | +20.7% | +14.8% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | +0.2% | +19.3% | +13.2% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.02 | 0.61 | 2.01 | 2.46 | 2.52 | 2.85 |
| Long-term debt / equity | - | 0.01 | 0.53 | 1.77 | 2.17 | 2.20 | 2.43 |
| Interest cover | 40.23 | -6.66 | 25.43 | 63.48 | 147.96 | 104.91 | 197.88 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.69 | 2.20 | 1.06 | 0.93 | 0.80 | 0.68 |
| Inventory turnover | - | 9.01 | 5.70 | 2.78 | 2.58 | 2.48 | 2.36 |
| Debtors turnover | - | 3.37 | 3.80 | 2.51 | 2.34 | 2.15 | 2.09 |
| EPS (₹) | 4.84 | 36.44 | 71.24 | 7.96 | (0.36) | (0.53) | (3.54) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 159.86 | 157.64 | 83.36 | 67.63 | 65.67 | 69.49 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 186 | 173 | 153 | 150 | 148 | 150 | 122 | 2.71 |
| Revenue growth (YoY) | +25.7% | +15.5% | +26.0% | +5451.3% | +385.9% | - | - | - |
| Other income | 7.63 | 2.21 | 23.89 | 17.86 | 14.58 | 216 | 16.63 | 12.95 |
| Total expenses | 153 | 158 | 150 | 148 | 145 | 158 | 123 | 14.71 |
| EBITDA | 33.09 | 15.15 | 3.23 | 2.19 | 3.07 | (8.69) | (1.66) | (12.00) |
| EBITDA margin | +17.8% | +8.8% | +2.1% | +1.5% | +2.1% | -5.8% | -1.4% | -442.8% |
| Depreciation | 7.58 | 8.08 | 8.84 | 6.98 | 6.68 | 7.44 | 5.81 | 0.22 |
| Interest | 0.71 | (2.44) | 0.67 | 2.01 | 1.15 | (26.76) | 10.03 | 0.41 |
| Profit before tax | 32.43 | 11.72 | 17.61 | 11.06 | 9.82 | 226 | (0.87) | 0.32 |
| Tax | 7.98 | (3.22) | 6.87 | 2.30 | 1.71 | 8.05 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 636 | 550 | 1,673 | 1,152 | 988 | 857 | 752 |
| Revenue growth | +15.7% | -67.1% | +45.2% | +16.6% | +15.4% | +13.9% | - |
| Other income | 46.96 | 304 | 479 | 33.28 | 42.50 | 23.13 | 36.02 |
| Total expenses | 601 | 563 | 1,374 | 957 | 796 | 676 | 610 |
| Employee cost | 0.00 | 115 | 233 | 133 | 125 | 104 | 100 |
| EBITDA | 35.23 | (12.94) | 299 | 195 | 192 | 180 | 142 |
| EBITDA margin | +5.5% | -2.4% | +17.9% | +17.0% | +19.4% | +21.1% | +18.9% |
| Depreciation | 30.57 | 24.48 | 80.41 | 57.36 | 131 | 87.29 | 90.06 |
| Interest | 1.40 | 2.92 | 104 | 92.17 | 95.55 | 100 | 107 |
| Profit before tax | 50.22 | 264 | 594 | 79.19 | 8.00 | 16.12 | (19.57) |
| Tax | 7.66 | 8.05 | 57.76 | 36.72 | 13.70 | 20.52 | 1.23 |
| Net profit | 50.70 | 8.05 | 146 | 55.86 | (2.57) | (4.40) | (20.87) |
| Net profit margin | +8.0% | +1.5% | +8.7% | +4.9% | -0.3% | -0.5% | -2.8% |
| EPS (₹) | 4.97 | 37.25 | 79.77 | 7.10 | (0.95) | (0.74) | (3.48) |
| 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 | 86.84 | 82.94 | 81.41 | 59.81 | 59.81 | 59.81 | 59.81 |
| Reserves & surplus | 1,284 | 1,021 | 731 | 616 | 573 | 579 | 585 |
| Shareholders' funds (net worth) | 1,371 | 1,178 | 812 | 675 | 633 | 639 | 645 |
| Secured loans | 9.31 | 4.69 | 4.87 | 839 | 929 | 964 | 973 |
| Unsecured loans | 8.60 | 10.64 | 195 | 14.34 | 14.88 | 32.94 | 57.97 |
| Total debt | 17.91 | 15.33 | 200 | 854 | 944 | 996 | 1,031 |
| Total liabilities | 1,408 | 1,212 | 1,028 | 1,547 | 1,594 | 1,651 | 1,691 |
| Assets | |||||||
| Gross block | 699 | 655 | 563 | 1,333 | 1,319 | 1,316 | 1,356 |
| Net block | 304 | 273 | 192 | 587 | 629 | 752 | 843 |
| Capital work in progress | 12.41 | 0.00 | 51.24 | 7.71 | 10.31 | 18.84 | 11.45 |
| Investments | 330 | 269 | 167 | 85.12 | 111 | 55.33 | 26.36 |
| Inventories | 143 | 107 | 64.09 | 428 | 414 | 354 | 343 |
| Sundry debtors | 189 | 160 | 259 | 469 | 428 | 400 | 385 |
| Cash & bank balances | 415 | 410 | 488 | 9.96 | 9.38 | 9.95 | 8.84 |
| Loans & advances | 116 | 76.80 | 41.71 | 167 | 146 | 101 | 108 |
| Total current assets | 863 | 754 | 852 | 1,074 | 998 | 866 | 845 |
| Total current liabilities | 246 | 210 | 380 | 241 | 209 | 166 | 169 |
| Net working capital | 617 | 545 | 472 | 833 | 789 | 700 | 675 |
| Total assets | 1,408 | 1,212 | 1,028 | 1,547 | 1,594 | 1,651 | 1,691 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 410 | 488 | 23.28 | 9.38 | 9.95 | 8.84 | 29.09 |
| Net cash from operating activities | (40.19) | (45.30) | (166) | 183 | 136 | 135 | 123 |
| Net cash from investing activities | (100) | (110) | (27.71) | (13.69) | 2.76 | (10.17) | (10.15) |
| Net cash from financing activities | 145 | 77.44 | 658 | (168) | (140) | (124) | (133) |
| Net change in cash | 4.90 | (77.53) | 464 | 0.58 | (0.57) | 1.11 | (20.25) |
| Closing cash | 415 | 410 | 488 | 9.96 | 9.38 | 9.95 | 8.84 |
| 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 | +15.7% | -67.1% | +45.2% | +16.6% | +15.4% | +13.9% | - |
| EBITDA growth | +372.3% | -104.3% | +52.9% | +1.8% | +6.4% | +27.2% | - |
| PBT growth | -81.0% | -55.5% | +650.0% | +889.9% | -50.4% | +9998.0% | - |
| Net income growth | +529.8% | -94.5% | +161.7% | +2273.5% | +41.6% | +78.9% | - |
| Revenue CAGR (3Y) | -18.0% | -17.8% | +25.0% | +15.3% | +10.9% | +5.4% | +2.7% |
| EBITDA CAGR (3Y) | -43.5% | - | +18.3% | +11.3% | +15.3% | +13.0% | +12.7% |
| Profitability & leverage | |||||||
| Net income margin | +6.7% | +46.6% | +32.1% | +3.7% | -0.6% | -0.5% | -2.8% |
| Return on capital employed | - | +1.1% | +18.8% | +14.2% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | +0.6% | +16.9% | +11.6% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.11 | 0.81 | 1.94 | 2.25 | 2.39 | 2.83 |
| Long-term debt / equity | - | 0.10 | 0.71 | 1.71 | 1.99 | 2.09 | 2.41 |
| Interest cover | 30.04 | -7.80 | 47.51 | 66.75 | 156.51 | 107.52 | 207.13 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.90 | 1.95 | 1.01 | 0.89 | 0.77 | 0.66 |
| Inventory turnover | - | 6.42 | 6.80 | 2.74 | 2.57 | 2.46 | 2.28 |
| Debtors turnover | - | 2.62 | 4.59 | 2.57 | 2.39 | 2.18 | 2.09 |
| EPS (₹) | 4.97 | 37.25 | 79.77 | 7.10 | (0.95) | (0.74) | (3.48) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 158.56 | 118.75 | 82.26 | 72.91 | 71.55 | 70.15 |
To see the full year-wise statements and ratios of Ind Swift Laboratories Limited, buy the company report.
Board of directors of Ind Swift Laboratories Limited
Ind Swift Laboratories has 8 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishav Mehta Also directs: Essix Biosciences Limited, Vibrant Agro Industries Limited | Whole-Time Director | 23 Mar 2010 | 16 Years 7 Months | Current |
| Himanshu Jain | Whole-Time Director | 04 Jan 1995 | 31 Years 9 Months | Current |
| Sahil Munjal | Whole-Time Director | 13 Feb 2020 | 6 Years 8 Months | Current |
| Neerja Chathley | Director | 10 May 2019 | 7 Years 5 Months | Current |
| Rajinder Kumar Gupta Also directs: M S Construction Enterprises LLP | Director | 23 Jun 2021 | 5 Years 4 Months | Current |
| Navrattan Munjal Also directs: MJM Remedies Private Limited, Essix Biosciences Limited, Nimbua Greenfield (Punjab) Association and 1 more | Managing Director | 04 Jan 1995 | 31 Years 9 Months | Current |
Peer comparison
Ind Swift Laboratories Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Anuh Pharma Limited | ₹670.97 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| RPG Life Sciences Limited | ₹666.11 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Ami Lifesciences Pvt Ltd | ₹659.86 Cr (FY 2025) | 20.0% | Vadodara, Gujarat, India | |||
| Nosch Labs Private Limited | ₹643.87 Cr (FY 2025) | 5.0% | Hyderabad, Telangana, India | |||
| Amoli Organics Private Limited | ₹641.59 Cr (FY 2022) | 7.0% | Valsad, Gujarat, India | |||
| Ind Swift Laboratories Limitedthis company | ₹641.29 Cr (FY 2026) | ₹49.48 Cr | 7.7% | 14.2% | Chandigarh, India | |
| Malladi Drugs and Pharmaceuticals Limited | ₹626.79 Cr (FY 2025) | -7.0% | Chennai, Tamil Nadu, India | |||
| Ra Chem Pharma Limited | ₹621.32 Cr (FY 2021) | 15.0% | Hyderabad, Telangana, India | |||
| Wanbury Limited | ₹603.01 Cr (FY 2025) | 4.0% | Navi Mumbai, Maharashtra, India | |||
| Global Calcium Private Limited | ₹594.12 Cr (FY 2025) | 2.0% | Hosur, Tamil Nadu, India |
To see the full peer comparison of Ind Swift Laboratories Limited, buy the company report.
Auditor
Ind Swift Laboratories Limited is audited by Avishkar Singhal & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Avishkar Singhal & Associates | FY 2024 | 017362N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 42.90%, foreign institutional investors hold 10.70%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 46.20%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 42.90% | 43.00% | 39.50% | 39.50% |
| Public | 57.10% | 57.00% | 60.50% | 60.50% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2026 | 101309566 | Others | ₹1.25 Cr | Open | |
| 21 May 2026 | 101306320 | Others | ₹19 Lakh | Open | |
| 28 Apr 2026 | 101288839 | Others | ₹28.5 Lakh | Open | |
| 23 Mar 2026 | 101280124 | Others | ₹12 Lakh | Open | |
| 20 Mar 2026 | 101276583 | Others | ₹74 Lakh | Open |
To see the full charge records of Ind Swift Laboratories Limited, buy the company report.
Total charge records: 104 View all charges
Deals & funding
Ind Swift Laboratories Limited has 125 deals on record (110 market trades, 11 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹260.65 Cr; the latest was in May 2026.
Deals on record (5 of 125)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Market trade | ₹10.4 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Apr 2026 | Market trade | ₹105.47 Cr | Buyer: Nova Global Opportunities Fund Pcc - Touchstone, Mansi Share and Stock Broking Private Limited , F3 Advisors Private Limited Seller: Hcp Investments, F3 Advisors Private Limited , Mansi Share and Stock Broking Private Limited |
| Feb 2026 | Market trade | ₹6.41 Cr | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
| May 2025 | Market trade | ₹4.47 Cr | Buyer: an individual Seller: Wilson Holdings Private Limited |
| May 2025 | Market trade | ₹2.77 Cr | Seller: Wilson Holdings Private Limited |
To see the full deal history of Ind Swift 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
Ind Swift Laboratories Limited has 354 court cases on record: 87 filed by Ind Swift Laboratories, 268 filed against it. 23 cases are pending and 331 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 255 | 234 | 10 |
| High courts | 89 | 31 | 9 |
| Supreme Court | 10 | 3 | 4 |
Cases on record (5 of 354)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, HARYANA | Revision petition | Filed by the company against Essix Biosciences Ltd. and 8 others | Pending |
| Supreme Court | Court case (0103-Labour Matters : Contract Labour) | Filed against the company by M/S Morion Chemicals Ltd. Through Its Director 1St Floor, Sco , Sector 30 , District: Punjab ,Chandigarh , Chandigarh and 2 others | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Central Bank of India and Others and 1 other | Pending |
| High Court, CHANDIGARH (UT) | Criminal miscellaneous application | Filed by the company against M/S Paradigm Medivision Pvt. Ltd. and Another | Pending |
| District court, Chandigarh | Arbitration matter | Filed by the company against Pi Industries Limited | Disposed |
To see the full case history of Ind Swift 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.
Credit ratings & regulatory alerts
Ind Swift Laboratories Limited was last rated by Icra on 10 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 10 Aug 2020 |
To see the full credit ratings and regulatory alerts of Ind Swift Laboratories Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ind Swift Laboratories Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ind Swift Laboratories has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| MJM Remedies Private Limited | U24230CH2022PTC044464 | |
| Fortune (India) Constructions Limited | U45200CH2005PLC028005 |
To see the full group structure of Ind Swift Laboratories Limited, buy the company report.
GST
Ind Swift Laboratories has 17 GST registrations: 15 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AAACI6306G1Z1 | Chandigarh | Active | 01 Jul 2017 |
| 04AAACI6306G2Z0 | Chandigarh | Active | 01 Feb 2018 |
| 03AAACI6306G1Z3 | Punjab | Active | 01 Jul 2017 |
| 01AAACI6306G1Z7 | Jammu and Kashmir | Active | 08 Jul 2017 |
To see the full GST registrations and return filing status of Ind Swift Laboratories Limited, buy the company report.
Recent activity
Ind Swift Laboratories Limited has 57 board changes on record since 1995: 33 appointments and 24 cessations. The latest: Prabhat Khurana was appointed as Director on 05 Jul 2025.
303 earlier events are in the company report.
News
Frequently asked questions
Ind Swift Laboratories is an active public limited company based in Chandigarh, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 04 January 1995 (31+ years old) and is registered under CIN L24232CH1995PLC015553. Listed on BSE: 532305 and NSE: INDSWFTLAB.
Ind Swift Laboratories reported revenue of ₹641.29 Cr for FY 2025-26 (up 14.2% YoY) based on consolidated financials.
Ind Swift Laboratories has 8 current directors:
- Navrattan Munjal - Managing Director
- Rishav Mehta - Whole-Time Director
- Himanshu Jain - Whole-Time Director
- Sahil Munjal - Whole-Time Director
- Neerja Chathley - Director
- Rajinder Kumar Gupta - Director
- Subodh Gupta - Director
- Prabhat Khurana - Director
The latest financial statements of Ind Swift Laboratories on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ind Swift Laboratories is 04AAACI6306G1Z1, registered in Chandigarh. The company has 17 GST registrations in all, of which 15 are active and 2 are cancelled or inactive. Other active GSTINs include 04AAACI6306G2Z0 (Chandigarh), 03AAACI6306G1Z3 (Punjab), 01AAACI6306G1Z7 (Jammu and Kashmir).
The CIN (Corporate Identification Number) of Ind Swift Laboratories is L24232CH1995PLC015553. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ind Swift Laboratories is a listed company as per MCA records. Its shares are listed on both BSE (code: 532305) and NSE (symbol: INDSWFTLAB).
Ind Swift Laboratories has 354 court cases on record: 87 filed by the company and 268 filed against it. 23 are pending. Most are in the district courts.
Ind Swift Laboratories was incorporated on 04 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chandigarh.
Ind Swift Laboratories has 125 deals on record (110 market trades, 11 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹260.65 Cr; the latest was in May 2026.
The peers of Ind Swift Laboratories by revenue are Anuh Pharma Limited, RPG Life Sciences Limited, Ami Lifesciences Pvt Ltd, Nosch Labs Private Limited, Amoli Organics Private Limited and 4 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).