Palmer Laboratories Private Limited
About Palmer Laboratories Private Limited
Data last updated:
Palmer Laboratories Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 31 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ2005PTC046683. Its GSTIN is 24AADCP8386N1ZQ (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Vikrambhai Ambalal Vakil (Whole-Time Director) and Priyal Vikramkumar Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 167 1st Floor Mahagujarat Industrial Estate Moraiya Taluka Sanand, Ahmedabad, Gujarat, India – 382213.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.58 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹46.91 Lakh (net margin 13.1%) and EBITDA of ₹50.31 Lakh (EBITDA margin 14.1%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 9% over five years.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Palmer Laboratories Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address167 1st Floor Mahagujarat Industrial Estate Moraiya Taluka Sanand, Ahmedabad, Gujarat, India – 382213
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Palmer Laboratories Private 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
Business activity
The main business activity of Palmer 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 Palmer Laboratories Private Limited, buy the company report.
Financials of Palmer Laboratories Private Limited
FY 2025 filings availablePalmer Laboratories Private Limited reported revenue of ₹3.58 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 103% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹50.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹46.91 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.1% | ||||
| Net Profit Margin | 13.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Palmer Laboratories Private Limited, buy the company report.
Board of directors of Palmer Laboratories Private Limited
Palmer Laboratories has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikrambhai Ambalal Vakil | Whole-Time Director | 31 Aug 2005 | 21 Years 1 Months | Current |
| Priyal Vikramkumar Shah Also directs: Trans Surfactant LLP, Skyline Herbals Private Limited | Whole-Time Director | 31 Aug 2005 | 21 Years 1 Months | Current |
Peer comparison
Palmer Laboratories Private Limited is compared with the 4 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Primodia Chemicals and Pharmaceuticals Private Limited | ₹3.59 Cr (FY 2024) | 18.0% | Hyderabad, Telangana, India | |||
| Medisun Lifescience Private Limited | ₹3.59 Cr (FY 2024) | 2.0% | Surat, Gujarat, India | |||
| Unicon Pharma Private Limited | ₹3.58 Cr (FY 2024) | 0.0% | Hyderabad, Telangana, India | |||
| Palmer Laboratories Private Limitedthis company | ₹3.58 Cr (FY 2025) | ₹46.91 Lakh | 13.1% | -8.0% | Ahmedabad, Gujarat, India | |
| Dhanshah Healthcare Private Limited | ₹3.57 Cr (FY 2025) | 14337.0% | Dholpur, Rajasthan, India |
To see the full peer comparison of Palmer Laboratories Private Limited, buy the company report.
Auditor
Palmer Laboratories Private Limited is audited by PRADIP B GANDHI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRADIP B GANDHI & CO | FY 2019 | 118674W |
Shareholding
The shareholding of Palmer Laboratories Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Palmer Laboratories Private Limited, buy the company report.
Legal cases
Palmer Laboratories Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by MRC Logistics Pvt Ltd Through Authorized Representative Vishesh Vijay Agarwal | Pending |
To see the full case history of Palmer Laboratories Private 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 Palmer Laboratories Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palmer Laboratories has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCP8386N1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Palmer Laboratories Private Limited, buy the company report.
Recent activity
Palmer Laboratories Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Darshan Deepak Shah ceased to be Director on 20 Mar 2013.
Frequently asked questions
Palmer Laboratories is an active private limited company based in Ahmedabad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 31 August 2005 (21+ years old) and is registered under CIN U24230GJ2005PTC046683.
Palmer Laboratories has 2 current directors:
- Vikrambhai Ambalal Vakil - Whole-Time Director
- Priyal Vikramkumar Shah - Whole-Time Director
The latest financial statements of Palmer Laboratories on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Palmer Laboratories is 24AADCP8386N1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Palmer Laboratories is U24230GJ2005PTC046683. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palmer Laboratories has 1 court case on record: 1 filed against it. 1 is pending.
Palmer Laboratories was incorporated on 31 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Palmer Laboratories by revenue are Primodia Chemicals and Pharmaceuticals Private Limited, Medisun Lifescience Private Limited, Unicon Pharma Private Limited, Dhanshah Healthcare Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Darshan Deepak Shah ceased to be Director on 20 Mar 2013. Priyal Vikramkumar Shah was appointed as Whole-Time Director on 31 Aug 2005. Vikrambhai Ambalal Vakil was appointed as Whole-Time Director on 31 Aug 2005.
The registered office of Palmer Laboratories is at 167 1st Floor Mahagujarat Industrial Estate Moraiya Taluka Sanand, Ahmedabad, Gujarat, India – 382213.
Palmer Laboratories operates in the pharma industry, in the drug formulation and development segment.