Norris Medicines Limited - pharma in Ankleshwar, Gujarat, India. FY 2026 financials & compliance.
CIN L24230GJ1990PLC086581 Incorporated 07 September 1990 ROC Ahmedabad HQ Ankleshwar, Gujarat, India
Active Listed - BSE: 524414 Public Limited Company pharma MSME · Small
Market Cap
₹14.26 Cr
NORRIS · BSE
Share Price
₹14.16
-0.70% today
Revenue
₹8.13 Cr
FY 2025-26 · +39.7% YoY
EBITDA
₹0.66 Cr
Margin 8.1%
Net Profit
−₹0.28 Cr
FY 2025-26 · +77.4% YoY
Authorised capital
₹10.1 Cr
Registered with MCA
Paid-up capital
₹9.93 Cr
Issued & subscribed
Open charges
₹3.57 Cr
Satisfied ₹7.75 Cr

About Norris Medicines Limited

Data last updated:

Norris Medicines Limited is a public limited company based in Ankleshwar, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 07 September 1990 and has been in existence for over 36 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L24230GJ1990PLC086581. Its GSTIN is 24AAACN1258L1ZI (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 524414.

The company has an authorised share capital of ₹10.1 Cr and a paid-up capital of ₹9.93 Cr. It is led by directors including Vimal Dhirendra Shah and Praveenchand Bafna.

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 Plot No. 801/P GIDC, Ankleshwar, Gujarat, India – 393002.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹8.13 Cr, a growth of 39.7% compared to the previous year. For the same year it recorded a net loss of ₹28 Lakh (net margin -3.4%) and EBITDA of ₹66 Lakh (EBITDA margin 8.1%). Total assets are valued at ₹6.39 Cr (down 4.8% YoY).

The company has about 15 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Norris Medicines. As per MCA filings, the company has open charges of ₹3.57 Cr and satisfied charges of ₹7.75 Cr on record. Court records list 39 cases involving the company, including 10 filed by the company and 29 filed against it; 11 cases are pending.

Norris Medicines Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-06-0000911). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website norrispharma.com.

Company details

CIN L24230GJ1990PLC086581
Registration Number 086581
Incorporation Date 07 September 1990
ROC Ahmedabad
Listing Status Listed - Listed on BSE (524414)
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-06-0000911

CIN history

Norris Medicines has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24230GJ1990PLC086581, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24230GJ1990PLC086581Current
L24230MH1990PLC058071Previous
U24230MH1990PLC058071Previous

Recognitions & Rankings of Norris Medicines

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-06-0000911

Contact details

Norris Medicines Limited's registered office is in Ankleshwar, Gujarat. Its website is norrispharma.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Plot No. 801/P GIDC, Ankleshwar, Gujarat, India – 393002
  • Industry
    Pharma, Drug Formulation & Development

To see the full contact details of Norris Medicines Limited, buy the company report.

Comprehensive company report
Norris Medicines 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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Brands

Norris Medicines operates one associated brand: Norris Medicines. Each brand links to its own profile.

BrandDescriptionWebsite
Non-sterile and sterile dosage formulations are manufactured and exported.norrispharma.com

Business activity

The main business activity of Norris Medicines 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 Norris Medicines Limited, buy the company report.

Financials of Norris Medicines Limited

FY 2025-26 filings available

Norris Medicines Limited reported revenue of ₹8.13 Cr (up 39.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹8.13 Cr
+39.7% YoY
EBITDA
₹0.66 Cr
+353.8% YoY
Profit After Tax
−₹0.28 Cr
+77.4% YoY
Net Worth
−₹15.14 Cr
-1.9% YoY
Total Assets
₹6.39 Cr
-4.8% YoY
Total Debt
₹21.53 Cr
-0.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue8.135.825.648.369.4412.257.84
Revenue growth+39.7%+3.2%-32.5%-11.4%-22.9%+56.3%-
EBITDA0.66(0.26)(0.17)0.93(0.07)(1.74)(2.16)
EBITDA margin+8.1%-4.5%-3.0%+11.1%-0.7%-14.2%-27.6%
Profit before tax(0.28)(1.18)(1.08)(1.19)(2.18)(3.99)(3.68)
Net profit(0.28)(1.24)(1.15)(1.75)(3.26)(4.96)(2.84)
Net profit margin-3.4%-21.3%-20.4%-20.9%-34.5%-40.5%-36.2%
EPS (₹)(0.28)(1.25)(1.20)(1.76)(3.29)(5.00)(2.86)
Balance sheet
Total assets6.396.717.898.9610.388.0915.45
Net worth(15.14)(14.86)(13.63)(12.44)(10.69)(7.43)(2.46)
Total debt21.5321.5821.5221.4021.0815.5217.92
Cash & bank0.020.040.040.020.020.020.06
Net working capital(0.69)(0.75)(0.15)0.200.46(3.46)2.33
Cash flow
Cash from operations0.590.510.171.20(1.01)1.11(2.88)
Cash from investing(0.09)0.000.05(0.02)(0.09)(0.06)0.00
Cash from financing(0.52)(0.50)(0.20)(1.18)1.10(1.09)2.86
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.921.413.272.001.462.721.111.27
Revenue growth (YoY)-37.0%-48.2%+194.6%+57.5%+102.8%---
Other income0.000.020.000.000.020.050.000.00
Total expenses1.211.102.322.491.562.651.131.41
EBITDA(0.29)0.310.95(0.49)(0.10)0.07(0.02)(0.14)
EBITDA margin-31.5%+22.0%+29.1%-24.5%-6.8%+2.6%-1.8%-11.0%
Depreciation0.110.120.120.120.120.140.130.13
Interest0.000.150.130.110.110.150.120.08
Profit before tax(0.40)0.060.70(0.72)(0.31)(0.17)(0.27)(0.35)
Tax0.000.000.000.000.000.060.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.921.413.272.001.462.721.111.27
Revenue growth (YoY)-37.0%-48.2%+194.6%+57.5%+102.8%---
Other income0.000.020.000.000.020.050.000.00
Total expenses1.211.102.322.491.562.651.131.41
EBITDA(0.29)0.310.95(0.49)(0.10)0.07(0.02)(0.14)
EBITDA margin-31.5%+22.0%+29.1%-24.5%-6.8%+2.6%-1.8%-11.0%
Depreciation0.110.120.120.120.120.140.130.13
Interest0.000.150.130.110.110.150.120.08
Profit before tax(0.40)0.060.70(0.72)(0.31)(0.17)(0.27)(0.35)
Tax0.000.000.000.000.000.060.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8.135.825.648.369.4412.257.84
Revenue growth+39.7%+3.2%-32.5%-11.4%-22.9%+56.3%-
Other income0.050.060.030.010.030.050.09
Total expenses7.476.085.817.439.5113.9910.00
Employee cost0.001.411.822.302.333.103.23
EBITDA0.66(0.26)(0.17)0.93(0.07)(1.74)(2.16)
EBITDA margin+8.1%-4.5%-3.0%+11.1%-0.7%-14.2%-27.6%
Depreciation0.490.540.570.630.660.670.73
Interest0.500.440.371.501.481.630.88
Profit before tax(0.28)(1.18)(1.08)(1.19)(2.18)(3.99)(3.68)
Tax0.000.060.090.561.080.97(0.84)
Net profit(0.28)(1.24)(1.15)(1.75)(3.26)(4.96)(2.84)
Net profit margin-3.4%-21.3%-20.4%-20.9%-34.5%-40.5%-36.2%
EPS (₹)(0.28)(1.25)(1.20)(1.76)(3.29)(5.00)(2.86)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital9.939.939.939.939.939.939.93
Reserves & surplus(25.07)(24.79)(23.56)(22.37)(20.62)(17.36)(12.39)
Shareholders' funds (net worth)(15.14)(14.86)(13.63)(12.44)(10.69)(7.43)(2.46)
Secured loans3.023.052.993.243.420.572.94
Unsecured loans18.5118.5318.5318.1617.6614.9514.98
Total debt21.5321.5821.5221.4021.0815.5217.92
Total liabilities6.396.717.898.9610.388.0915.45
Assets
Gross block27.7727.7627.7427.9527.9227.8727.78
Net block4.795.275.786.477.077.678.25
Capital work in progress0.000.000.000.000.000.000.00
Investments0.010.010.010.010.010.010.01
Inventories3.984.134.333.202.425.104.01
Sundry debtors1.171.411.061.101.091.792.76
Cash & bank balances0.020.040.040.020.020.020.06
Loans & advances0.640.770.710.600.741.320.61
Total current assets5.816.356.144.924.278.237.44
Total current liabilities6.507.106.294.723.8111.695.11
Net working capital(0.69)(0.75)(0.15)0.200.46(3.46)2.33
Total assets6.396.717.898.9610.388.0915.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.040.040.020.020.020.060.08
Net cash from operating activities0.590.510.171.20(1.01)1.11(2.88)
Net cash from investing activities(0.09)0.000.05(0.02)(0.09)(0.06)0.00
Net cash from financing activities(0.52)(0.50)(0.20)(1.18)1.10(1.09)2.86
Net change in cash(0.02)0.000.020.000.00(0.04)(0.02)
Closing cash0.020.040.040.020.020.020.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+39.7%+3.2%-32.5%-11.4%-22.9%+56.3%-
EBITDA growth+353.9%-52.9%-118.3%+1428.6%+96.0%+19.4%-
PBT growth+76.3%-9.3%+9.2%+45.4%+45.4%-8.4%-81.3%
Net income growth+77.4%-7.8%+34.3%+46.3%+34.3%-74.7%-
Revenue CAGR (3Y)-0.9%-14.9%-22.8%+2.2%-16.6%-3.4%-27.4%
EBITDA CAGR (3Y)-10.8%+54.9%-53.9%--51.9%-3.1%+200.0%
Profitability & leverage
Net income margin-3.4%-21.3%-20.7%-20.9%-34.5%-40.5%-36.2%
Return on capital employed-0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth-0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity-0.000.000.000.000.000.00
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover294.12-55.00-50.00500.00-202.74-67.63-30.45
Efficiency & per share
Fixed asset turnover-0.210.200.300.340.440.28
Inventory turnover-1.381.502.982.512.692.03
Debtors turnover-4.715.227.636.565.382.74
EPS (₹)(0.28)(1.25)(1.20)(1.76)(3.29)(5.00)(2.86)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00(14.98)(13.73)(12.54)(10.77)(7.49)(2.49)

To see the full year-wise statements and ratios of Norris Medicines Limited, buy the company report.

Board of directors of Norris Medicines Limited

Norris Medicines has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vimal Dhirendra ShahDirector29 Dec 20232 Years 10 MonthsCurrent
Praveenchand BafnaDirector24 Aug 20242 Years 2 MonthsCurrent
Angamuthu VadivelDirector29 Apr 20242 Years 6 MonthsCurrent

Peer comparison

Norris Medicines Limited is compared with the 3 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Norris Medicines Limitedthis company₹8.13 Cr (FY 2026)-₹28 Lakh-3.4%39.7%15Ankleshwar, Gujarat, India
Sai Teja Drugs and Intermidiates Private Limited₹5.89 Cr (FY 2025)70.0%Hyderabad, Telangana, India
Adman Formulation Pvt Ltd₹5.89 Cr (FY 2025)-9.0%Indore, Madhya Pradesh, India
Coastal Medicare Private Limited₹5.86 Cr (FY 2024)1.0%Hyderabad, Telangana, India

To see the full peer comparison of Norris Medicines Limited, buy the company report.

Auditor

Norris Medicines Limited is audited by BAHEDIA & ASSOCIATES for the financial year 2024.

Auditor firmFinancial yearFirm registration number
BAHEDIA & ASSOCIATESFY 2024114421W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 34.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 65.90%.

Promoters: 34.00%DII (Domestic Institutional): 0.10%Retail & Others: 65.90%
Mar 2026
QUARTER
34.00% Promoters
0.10% DII (Domestic Institutional)
65.90% Retail & Others
Promoter holding - history
Now 34.00% · Mar 2026High 34.00% · Jun 2025Low 34.00% · Jun 2025
33%33.5%34%34.5%35%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 34.00%Sep 2025: 34.00%Dec 2025: 34.00%Mar 2026: 34.00%34.00%34.00%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters34.00%34.00%34.00%34.00%
Public66.00%66.00%66.00%66.00%

Charges & borrowings

Open charges
₹3.57 Cr
Satisfied charges
₹7.75 Cr
Breakdown by lending institutions
City Union Bank Limited₹3.57 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Jun 201410510391City Union Bank Limited₹3.57 CrOpen
01 Nov 199580026576Dena Bank₹7.75 CrSatisfied

To see the full charge records of Norris Medicines Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

Norris Medicines Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 82 overdue payments to 19 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 19)

SupplierAmount dueDue sinceReported on
an individual supplier
Mayur Thakkar & Co.
Rajrappa Packaging
Precitech Laboratories Private Limited
an individual supplier

To see the full MSME payment records of Norris Medicines Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Norris Medicines Limited has a workforce of 15 employees on its EPFO records as of Aug 2025, across 1 active EPFO establishment.

Employee count
15
Active EPFO establishments
1
Employee growth
-28.6%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2025-2615
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Norris Medicines Limited, buy the company report.

GST

Norris Medicines has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAACN1258L1ZIGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Norris Medicines Limited, buy the company report.

Recent activity

Norris Medicines Limited has 24 board changes on record since 1990: 14 appointments and 10 cessations. The latest: Venkatachalam Sathya was appointed as Director on 25 Sep 2024.

Filing
Norris Medicines Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Norris Medicines Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Appointed
Venkatachalam Sathya was appointed as Director.
Appointed
Praveenchand Bafna was appointed as Director.
Ceased
Shaik Amanullah Mohamed Azmathullah ceased to be Director.
Ceased
Mahapatra Susmita ceased to be Director.
Appointed
Angamuthu Vadivel was appointed as Director.
Ceased
Hiten Mukundbhai Parikh ceased to be Director.
Appointed
Vimal Dhirendra Shah was appointed as Director.
Ceased
Sanjiv Kumar Shah ceased to be Director.
Appointed
Mahapatra Susmita was appointed as Director.
Charges
A charge with City Union Bank Limited of Rs. 3.57 Cr registered on 27 Jun 2014 with Charge ID 10510391 was modified on 18 Jun 2020.

20 earlier events are in the company report.

Frequently asked questions

Norris Medicines is an active public limited company based in Ankleshwar, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 07 September 1990 (36+ years old) and is registered under CIN L24230GJ1990PLC086581. Listed on BSE: 524414.

Norris Medicines reported revenue of ₹8.13 Cr for FY 2025-26 (up 39.7% YoY) based on standalone financials.

Norris Medicines has 3 current directors:

The latest financial statements of Norris Medicines 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 Norris Medicines is 24AAACN1258L1ZI, registered in Gujarat.

The CIN (Corporate Identification Number) of Norris Medicines is L24230GJ1990PLC086581. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Norris Medicines is a listed company as per MCA records. Its shares are listed on BSE (code: 524414).

Norris Medicines has 39 court cases on record: 10 filed by the company and 29 filed against it. 11 are pending. Most are in the district courts.

Norris Medicines was incorporated on 07 September 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Norris Medicines by revenue are Sai Teja Drugs and Intermidiates Private Limited, Adman Formulation Pvt Ltd, Coastal Medicare Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Venkatachalam Sathya was appointed as Director on 25 Sep 2024. Praveenchand Bafna was appointed as Director on 24 Aug 2024. Shaik Amanullah Mohamed Azmathullah ceased to be Director on 09 Aug 2024. Norris Medicines has 24 board changes on record in total.

Yes, Norris Medicines is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-06-0000911).