Nucare Labs LLP
About Nucare Labs LLP
Data last updated:
Nucare Labs LLP is a limited liability partnership (LLP) based in Mehsana, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 30 September 2016 and has been in existence for over 10 years.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAH-5212. Its GSTIN is 24AANFN5957G1ZW (Gujarat).
The LLP has a total obligation of contribution of ₹1.6 Cr. It is led by designated partners Jagdishbhai Ambalal Patel and Ronak Jagdishbhai Patel.
Its latest statement of accounts is for the year ended 31 March 2024. The registered office is at 272 GIDC, Mehsana, Gujarat, India – 384002.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹15.24 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹43.65 Lakh (net margin 2.9%) and EBITDA of ₹85.45 Lakh (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 87% over three years.
The LLP is associated with 1 brand: NuCare Laboratories. As per MCA filings, the LLP has open charges of ₹7.7 Cr on record.
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- Registered Address272 GIDC, Mehsana, Gujarat, India – 384002
- IndustryPharma, Drug Formulation & Development, Animal Pharmaceuticals & Healthcare
- 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
- One PDF report, delivered after checkout
Financials of Nucare Labs LLP FY 2024 filings available
Nucare Labs LLP reported revenue of ₹15.24 Cr (up 152% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Nucare Labs LLP
Revenue has grown at a compounded annual rate (CAGR) of 87% over three years, including 152% growth in the latest year. EBITDA rose 179% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Nucare Labs LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | ₹15.24 Cr | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹43.65 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Nucare Labs LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 2.9% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Nucare Labs are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Designated Partners of Nucare Labs LLP
Nucare Labs has 2 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagdishbhai Ambalal Patel | Designated Partner | 30 Sep 2016 | 10 Years 0 Months | Current |
| Ronak Jagdishbhai Patel | Designated Partner | 30 Sep 2016 | 10 Years 0 Months | Current |
Ownership and Shareholding of Nucare Labs LLP
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Nucare Labs LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Dec 2024 | Sidbi | ₹1.7 Cr | Open |
| 29 Mar 2022 | Sidbi | ₹88.19 Lakh | Open |
| 12 Mar 2020 | Small Industries Development Bank of India | ₹58.54 Lakh | Open |
| 11 Mar 2020 | Small Industries Development Bank of India | ₹58.54 Lakh | Open |
| 19 Sep 2019 | Bank of Baroda | ₹95 Lakh | Open |
Total charge records: 6 View all charges
Associated Brands with Nucare Labs LLP
Nucare Labs operates one associated brand: NuCare Laboratories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures pharmaceutical medicines and provides contract manufacturing services worldwide. | nucarelabs.com |
Employees and EPFO Compliance at Nucare Labs LLP
Employment history and EPFO contributions of people linked to Nucare Labs.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Nucare Labs LLP
Nucare Labs LLP has 2 designated partner changes on record since 2016: 2 appointments. The latest: Jagdishbhai Ambalal Patel was appointed as Designated Partner on 30 Sep 2016.
Credit Ratings, Litigation & Regulatory Alerts for Nucare Labs LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Nucare Labs LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Nucare Labs LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Nucare Labs LLP
Nucare Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANFN5957G1ZW | Gujarat | Active | 16 Nov 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Nucare Labs LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Nucare Labs LLP
Nucare Labs is an active limited liability partnership based in Mehsana, Gujarat, India. The LLP works in drug formulation and development, within the pharma industry. It was incorporated on 30 September 2016 (10+ years old) and is registered under LLPIN AAH-5212.
Nucare Labs reported revenue of ₹15.24 Cr for FY 2023 (up 152% YoY).
Nucare Labs has 2 current designated partners:
- Jagdishbhai Ambalal Patel - Designated Partner
- Ronak Jagdishbhai Patel - Designated Partner
Nucare Labs reported a net profit of ₹43.65 Lakh (net margin 2.9%) and EBITDA of ₹85.45 Lakh (EBITDA margin 5.6%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nucare Labs is 87% over three years. In the latest year (FY 2023) revenue rose 152%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nucare Labs is 24AANFN5957G1ZW, registered in Gujarat.
The LLPIN (Limited Liability Partnership Identification Number) of Nucare Labs is AAH-5212. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Nucare Labs was incorporated on 30 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jagdishbhai Ambalal Patel was appointed as Designated Partner on 30 Sep 2016. Ronak Jagdishbhai Patel was appointed as Designated Partner on 30 Sep 2016.
The registered office of Nucare Labs is at 272 GIDC, Mehsana, Gujarat, India – 384002.