Neochem Bio Solutions Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L24304GJ2017PLC097754 Incorporated 06 June 2017 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: NEOCHEM Public Limited Company chemicals and materials MSME · Medium
Data last updated
Market Cap
₹180 Cr
NEOCHEM-SM · NSE
Share Price
₹106.10
+1.05% today
Revenue
₹84.17 Cr
FY 2024-25 · +37.7% YoY
EBITDA
₹13.12 Cr
Margin 15.6%
Net Profit
₹7.69 Cr
FY 2024-25 · +327.2% YoY
P/E (TTM)
23.3x
P/B 2.5x
ROE
48.8%
ROCE 27.2%
Debt / Equity
2.17
Interest cover 29.8x

About Neochem Bio Solutions Limited

Data last updated:

Neochem Bio Solutions Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 06 June 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L24304GJ2017PLC097754. Its GSTIN is 24AAFCN6825L1Z6 (Gujarat). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on NSE: NEOCHEM.

The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹17.12 Cr. It is led by directors including Swapnil Rameshbhai Makati (Managing Director) and Hemangini Swapnil Dathia (Whole-Time Director).

Its last annual general meeting (AGM) was held on 04 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 303 W1 Opp. Vikramnagar Colony, Off. Iscok – Ambli Road Ahmedabad, Gujarat, India – 380058.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹110.7 Cr, a growth of 31.5% compared to the previous year. For the same year it recorded a net profit of ₹12.5 Cr (net margin 11.3%) and EBITDA of ₹19.24 Cr (EBITDA margin 17.4%). The net worth stands at ₹78.84 Cr (up 299% YoY). Total assets are valued at ₹97.77 Cr (up 75.6% YoY).

The company has about 76 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹40.07 Cr and satisfied charges of ₹72.36 Cr on record.

Neochem Bio Solutions Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0035696). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neochem.in.

Company details

CIN L24304GJ2017PLC097754
Registration Number 097754
Incorporation Date 06 June 2017
ROC Ahmedabad
Listing Status Listed (NSE: NEOCHEM)
Company Status Active
Date of Last AGM 04 July 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0035696

CIN history

Neochem Bio Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24304GJ2017PLC097754, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24304GJ2017PLC097754Current
U24304GJ2017PTC097754Previous
U24304GJ2017PLC097754Previous

Recognitions & Rankings of Neochem Bio Solutions

MSME (Udyam registered) Ministry of MSME
Category
Medium (2026-27)
Udyam number
UDYAM-GJ-01-0035696

Contact details

Neochem Bio Solutions Limited's registered office is in Daskroi, Gujarat.

  • Registered Address
    303 W1 Opp. Vikramnagar Colony, Off. Iscok – Ambli Road Ahmedabad, Gujarat, India – 380058
  • Industry
    Chemicals and Materials, Specialty Chemicals
Comprehensive company report
Neochem Bio Solutions 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 Neochem Bio Solutions is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Neochem Bio Solutions Limited, buy the company report.

Financials of Neochem Bio Solutions Limited

FY 2025-26 filings available

Neochem Bio Solutions Limited reported revenue of ₹110.7 Cr (up 31.5% YoY) for FY 2025-26.

Financial Highlights

FY 2024-25 · Consolidated
Revenue
₹84.17 Cr
+37.6% YoY
EBITDA
₹13.12 Cr
+118.7% YoY
Profit After Tax
₹7.69 Cr
+327.2% YoY
Net Worth
₹19.76 Cr
+64.5% YoY
Total Assets
₹55.69 Cr
+22.2% YoY
Total Debt
₹35.63 Cr
+6.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue84.1761.1548.19
Revenue growth+37.7%+26.9%-
EBITDA13.126.004.24
EBITDA margin+15.6%+9.8%+8.8%
Profit before tax10.262.681.52
Net profit7.691.801.08
Net profit margin+9.1%+2.9%+2.2%
EPS (₹)11.612.701.98
Balance sheet
Total assets55.6945.5934.47
Net worth19.7612.018.06
Total debt35.6333.3226.24
Cash & bank0.060.350.05
Net working capital30.4920.9616.60
Cash flow
Cash from operations2.591.96(0.74)
Cash from investing(1.69)(7.86)(3.35)
Cash from financing(1.20)6.203.76
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue11184.1761.1548.1948.60
Revenue growth+31.5%+37.7%+26.9%-0.8%-
EBITDA19.2412.806.134.303.52
EBITDA margin+17.4%+15.2%+10.0%+8.9%+7.2%
Profit before tax17.199.942.811.581.29
Net profit12.507.341.941.140.97
Net profit margin+11.3%+8.7%+3.2%+2.4%+2.0%
EPS (₹)7.0211.152.892.103.24
Balance sheet
Total assets97.7755.6945.6434.5527.36
Net worth78.8419.7612.328.394.09
Total debt17.7935.6333.3326.1723.27
Cash & bank0.180.060.350.050.39
Net working capital67.1230.4920.5716.3410.82
Cash flow
Cash from operations(16.94)2.04(0.64)(0.97)(1.46)
Cash from investing(8.67)(1.13)11.52(3.32)(2.74)
Cash from financing25.73(1.20)(10.57)3.954.33

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 05 Nov 2026
ParticularsFY 2024-25FY 2023-24FY 2022-23
Revenue84.1761.1548.19
Revenue growth+37.7%+26.9%-
Other income1.980.860.60
Total expenses71.0555.1543.95
Employee cost6.757.235.86
EBITDA13.126.004.24
EBITDA margin+15.6%+9.8%+8.8%
Depreciation1.331.221.22
Interest3.512.962.10
Profit before tax10.262.681.52
Tax2.510.870.44
Net profit7.691.801.08
Net profit margin+9.1%+2.9%+2.2%
EPS (₹)11.612.701.98
ParticularsFY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital6.686.685.43
Reserves & surplus13.085.332.63
Shareholders' funds (net worth)19.7612.018.06
Minority interest0.000.000.00
Secured loans32.3427.3222.01
Unsecured loans3.296.004.23
Total debt35.6333.3226.24
Total liabilities55.6945.5934.47
Assets
Gross block24.3123.6118.46
Net block18.6718.8114.67
Capital work in progress0.060.030.04
Investments0.000.000.00
Inventories23.7618.2114.93
Sundry debtors25.2817.2414.42
Cash & bank balances0.060.350.05
Loans & advances3.992.892.59
Total current assets53.0938.6931.99
Total current liabilities22.6017.7315.39
Net working capital30.4920.9616.60
Total assets55.6945.5934.47
ParticularsFY 2024-25FY 2023-24FY 2022-23
Opening cash0.350.050.38
Net cash from operating activities2.591.96(0.74)
Net cash from investing activities(1.69)(7.86)(3.35)
Net cash from financing activities(1.20)6.203.76
Net change in cash(0.30)0.30(0.34)
Closing cash0.060.350.05
ParticularsFY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+37.7%+26.9%-
EBITDA growth+118.7%+41.5%-
PBT growth+282.8%+76.3%+9997.0%
Net income growth+327.2%+66.7%-
Profitability & leverage
Net income margin+9.2%+3.0%+2.2%
Return on capital employed+27.2%+14.1%+10.5%
Return on net worth+48.8%+17.9%+13.3%
Debt / equity2.172.973.26
Long-term debt / equity1.021.521.54
Interest cover29.7761.9269.54
Efficiency & per share
Fixed asset turnover3.512.912.61
Inventory turnover4.013.693.23
Debtors turnover3.963.863.34
EPS (₹)11.612.701.98
Dividend per share (₹)0.000.000.00
Book value per share (₹)29.5917.9814.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue11184.1761.1548.1948.60
Revenue growth+31.5%+37.7%+26.9%-0.8%-
Other income2.701.980.860.600.09
Total expenses91.4671.3755.0243.8945.08
Employee cost6.887.067.105.794.48
EBITDA19.2412.806.134.303.52
EBITDA margin+17.4%+15.2%+10.0%+8.9%+7.2%
Depreciation1.241.331.221.221.04
Interest3.513.512.962.101.28
Profit before tax17.199.942.811.581.29
Tax5.162.510.870.440.32
Net profit12.507.341.941.140.97
Net profit margin+11.3%+8.7%+3.2%+2.4%+2.0%
EPS (₹)7.0211.152.892.103.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital17.126.686.685.433.00
Reserves & surplus61.7213.085.642.961.09
Shareholders' funds (net worth)78.8419.7612.328.394.09
Secured loans17.4430.8826.0119.5316.50
Unsecured loans0.354.757.326.646.77
Total debt17.7935.6333.3326.1723.27
Total liabilities97.7755.6945.6434.5527.36
Assets
Gross block26.5024.3123.6018.4615.01
Net block19.9218.6718.8014.6712.44
Capital work in progress0.060.060.030.040.15
Investments6.250.000.000.090.09
Inventories29.2523.7618.2114.9313.29
Sundry debtors48.7225.2816.8014.1613.63
Cash & bank balances0.180.060.350.050.39
Loans & advances7.763.992.292.581.81
Total current assets85.9153.0937.6531.7229.12
Total current liabilities18.7922.6017.0815.3818.30
Net working capital67.1230.4920.5716.3410.82
Total assets97.7755.6945.6434.5527.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash0.060.350.050.390.27
Net cash from operating activities(16.94)2.04(0.64)(0.97)(1.46)
Net cash from investing activities(8.67)(1.13)11.52(3.32)(2.74)
Net cash from financing activities25.73(1.20)(10.57)3.954.33
Net change in cash0.13(0.30)0.30(0.34)0.12
Closing cash0.180.060.350.050.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+31.5%+37.7%+26.9%-0.8%-
EBITDA growth+50.3%+108.8%+42.6%+22.2%-
PBT growth+72.9%+253.7%+77.9%+22.5%+9997.0%
Net income growth+70.3%+278.4%+70.2%+17.5%-
Revenue CAGR (3Y)+32.0%+20.1%---
EBITDA CAGR (3Y)+64.8%+53.8%---
Profitability & leverage
Net income margin+10.9%+8.8%+3.2%+2.4%+2.0%
Return on capital employed+27.0%+26.6%+14.4%+11.9%+9.4%
Return on net worth+24.4%+46.4%+18.6%+18.3%+23.7%
Debt / equity0.542.152.873.965.69
Long-term debt / equity0.151.011.472.203.69
Interest cover19.5030.6060.2968.1851.61
Efficiency & per share
Fixed asset turnover4.363.512.912.883.24
Inventory turnover4.184.013.693.423.66
Debtors turnover2.994.003.953.473.57
EPS (₹)7.0211.152.892.103.24
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)46.0529.5918.4515.4613.64

To see the full year-wise statements and ratios of Neochem Bio Solutions Limited, buy the company report.

Board of directors of Neochem Bio Solutions Limited

Neochem Bio Solutions has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Swapnil Rameshbhai MakatiManaging Director06 Jun 20179 Years 4 MonthsCurrent
Hemangini Swapnil DathiaWhole-Time Director25 Sep 20206 Years 1 MonthsCurrent
Dinesh ChopraDirector11 Jul 20215 Years 3 MonthsCurrent
Falgunbhai PrajapatiDirector16 Jun 20251 Years 4 MonthsCurrent
Rajasekaran GuhaDirector16 Jun 20251 Years 4 MonthsCurrent
Shail Jayesh ShahDirector16 Jun 20251 Years 4 MonthsCurrent

Peer comparison

Neochem Bio Solutions Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Neochem Bio Solutions Limitedthis company₹110.7 Cr (FY 2026)₹12.5 Cr11.3%31.5%Ahmedabad, Gujarat, India
Shhivtek Plasticiser Private Limited₹87.8 Cr (FY 2025)50.0%Delhi, India
TP Buildtech Private Limited₹87.34 Cr (FY 2025)36.0%New Delhi, Delhi, India
Advent Chembio Private Limited₹85.63 Cr (FY 2024)-8.0%Navi Mumbai, Maharashtra, India
Gujarat Boron Derivatives Pvt Ltd₹85.53 Cr (FY 2025)43.0%Vadodara, Gujarat, India
Expede-Tech Research & Development Private Limited₹85.41 Cr (FY 2025)128.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Neochem Bio Solutions Limited, buy the company report.

Charges & borrowings

Open charges
₹40.07 Cr
Satisfied charges
₹72.36 Cr
Breakdown by lending institutions
Axis Bank Limited₹29.25 Cr
Others₹5.82 Cr
State Bank of India₹5.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Jul 2026101359293Others₹82.05 LakhOpen
27 Jul 2026101352558Axis Bank Limited₹4.25 CrOpen
01 Oct 2025101173566State Bank of India₹5 CrOpen
26 Jun 2025101130179Others₹5 CrOpen
06 Sep 2023100788496Axis Bank Limited₹25 CrOpen

To see the full charge records of Neochem Bio Solutions Limited, buy the company report.

Total charge records: 13 View all charges

MSME payment delays

Neochem Bio Solutions Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 948 overdue payments to 104 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 104)

SupplierAmount dueDue sinceReported on
Vital Chemtech Limited
Remik Trading Corporation
an individual supplier
Zyvana Integrated Services Private Limited
an individual supplier

To see the full MSME payment records of Neochem Bio Solutions Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Neochem Bio Solutions has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
24AAFCN6825L1Z6GujaratActive01 Jul 2017
24AAFCN6825L2Z5GujaratActive21 Nov 2021

To see the full GST registrations and return filing status of Neochem Bio Solutions Limited, buy the company report.

Recent activity

Neochem Bio Solutions Limited has 11 board changes on record since 2017: 7 appointments and 4 cessations. The latest: Falgunbhai Prajapati was appointed as Director on 16 Jun 2025.

Charges
A charge with Others amounted to Rs. 0.82 Cr with Charge ID 101359293 was registered on 29 Jul 2026.
Charges
A charge with Axis Bank Limited amounted to Rs. 4.25 Cr with Charge ID 101352558 was registered on 27 Jul 2026.
Filing
Neochem Bio Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge registered on 12 Sep 2023 via Charge ID 100790119 with Others was fully satisfied on 03 Jan 2026.
Charges
A charge with Axis Bank Limited of Rs. 25.00 Cr registered on 06 Sep 2023 with Charge ID 100788496 was modified on 06 Oct 2025.
Charges
A charge with State Bank Of India amounted to Rs. 5.00 Cr with Charge ID 101173566 was registered on 01 Oct 2025.
AGM
Neochem Bio Solutions Limited last Annual general meeting of members was held on 04 Jul 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101130179 was registered on 26 Jun 2025.
Appointed
Falgunbhai Prajapati was appointed as Director.
Appointed
Pradip Ramniklal Solanki was appointed as CFO.
Appointed
Rajasekaran Guha was appointed as Director.
Appointed
Shail Jayesh Shah was appointed as Director.

30 earlier events are in the company report.

Frequently asked questions

Neochem Bio Solutions is an active public limited company based in Ahmedabad, Gujarat, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 06 June 2017 (9+ years old) and is registered under CIN L24304GJ2017PLC097754. Listed on NSE: NEOCHEM.

Neochem Bio Solutions reported revenue of ₹110.7 Cr for FY 2025-26 (up 31.5% YoY) based on standalone financials.

Neochem Bio Solutions has 6 current directors:

The latest financial statements of Neochem Bio Solutions on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 04 July 2025. Year-wise statements from FY 2018 are in the company report.

The GSTIN of Neochem Bio Solutions is 24AAFCN6825L1Z6, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAFCN6825L2Z5 (Gujarat).

The CIN (Corporate Identification Number) of Neochem Bio Solutions is L24304GJ2017PLC097754. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Neochem Bio Solutions is a listed company as per MCA records. Its shares are listed on NSE (symbol: NEOCHEM).

Neochem Bio Solutions was incorporated on 06 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Neochem Bio Solutions by revenue are Shhivtek Plasticiser Private Limited, TP Buildtech Private Limited, Advent Chembio Private Limited, Gujarat Boron Derivatives Pvt Ltd, Expede-Tech Research & Development Private Limited, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Falgunbhai Prajapati was appointed as Director on 16 Jun 2025. Pradip Ramniklal Solanki was appointed as CFO on 16 Jun 2025. Rajasekaran Guha was appointed as Director on 16 Jun 2025. Neochem Bio Solutions has 11 board changes on record in total.

Yes, Neochem Bio Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0035696).

Neochem Bio Solutions has 8 MSME Form 1 returns on record between 2019 and 2023, listing 948 overdue payments to 104 micro and small suppliers. The latest return was filed on 29 Aug 2023.