About Shilpa Medicare Limited
Data last updated: 15 July 2026
Shilpa Medicare Limited is a public limited company based in Raichur, Karnataka, India. It specialises in pharma contract r and d, a part of the broader pharmaceuticals sector. Incorporated on 20 November 1987, the company has been in operation for over 39 years.
Registered with ROC Bangalore under CIN L85110KA1987PLC008739. Listed on BSE: 530549 and NSE: SHILPAMED.
Capital: an authorised share capital of ₹59 Cr and a paid-up capital of ₹19.56 Cr. It is led by directors including Om Prakash Inani and Kalakota Reddy Sharath.
Last AGM: 23 September 2025. Financial statements filed for year ended 31 March 2025. Office: #12 – 6 – 214/A1 Hyderabad Road, Raichur, Karnataka, India – 584135.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹1,538.87 Cr, a growth of 19.62% compared to the previous year. The net worth stands at ₹2,591.2 Cr (up 9.62% YoY). Total assets are valued at ₹3,705.61 Cr (up 11.93% YoY).
The company has a workforce of approximately 930 employees as per the latest available data. Its group structure includes 7 subsidiaries and 2 joint ventures.
The company is associated with 3 brands - Shilpabio, Shilpa Therapeutics, Shilpa Medicare. As per MCA filings, the company has open charges of ₹122.8 Cr and satisfied charges of ₹1,670.23 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vbshilpa.com.
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Website
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Registered Address#12 – 6 – 214/A1 Hyderabad Road, Raichur, Karnataka, India – 584135
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IndustryPharma, Pharma Contract R&D, API Manufacturers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Shilpa Medicare Limited
Shilpa Medicare Limited has one previous CIN (Corporate Identification Number): U85110KA1987PLC008739. The current CIN is L85110KA1987PLC008739, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L85110KA1987PLC008739 | Current |
| U85110KA1987PLC008739 | Previous |
Associated Brands with Shilpa Medicare Limited
Shilpa Medicare Limited operates multiple associated brands including shilpabio, Shilpa Therapeutics, and Shilpa Medicare. These brands represent Shilpa Medicare Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Develops biopharmaceuticals, biosimilars, and offers CDMO services for global customers. | shilpabio.com | |
| Develops innovative technologies for orally disintegrating strips in pharmaceuticals. | shilpatherapeutics.com | |
| APIs, fine chemicals, intermediates, and formulations are manufactured. | vbshilpa.com |
Competitors & Alternatives of Shilpa Medicare Limited
Brands and companies operating in the same space as Shilpa Medicare Limited include Inventia Healthcare, KBI Biopharma, Aldevron and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
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Oral solid drug delivery systems are manufactured and developed. | Mumbai, India, India | 1985 |
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Provider of protein formulation, process & cell line development, and cGMP services | Durham, United States, United States | 1996 |
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Developer and custom manufacturer of nucleic acids, proteins and antibodies for research, clinical and commercial applications | Fargo, United States, United States | 1998 |
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Provider of germ-free and specific pathogen free production of eggs for vaccine and antibody manufacturing services | Mayo, Ireland, Ireland | 2000 |
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Process development and manufacturing services for biologics are provided. | Rockville, United States, United States | 2001 |
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Precision fermentation services for biopharma and food are provided. | Bengaluru, India, India | 2005 |
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Solid and semisolid dosage forms are developed and manufactured. | Nagpur, India, India | 1989 |
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Integrated biologics development and manufacturing are provided as a CDMO. | Bengaluru, India, India | 1980 |
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Contract manufacturing for oral solid formulations is offered. | Taipei, Taiwan, Taiwan | 1966 |
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Oligonucleotides, peptides, and antibodies are developed and manufactured by Eurogentec. | Seraing, Belgium, Belgium | 1985 |
Business Activity of Shilpa Medicare Limited
Shilpa Medicare Limited is engaged in the principal business activity of manufacturing, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details for Shilpa Medicare Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Shilpa Medicare Limited
Shilpa Medicare Limited is audited by BNPS AND ASSOCIATES LLP (ICAI peer reviewed, certificate valid till 2028-05-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| BNPS AND ASSOCIATES LLP (ICAI peer reviewed, certificate valid till 2028-05-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Shilpa Medicare Limited
Shilpa Medicare Limited is currently managed by 6 directors, with 24 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
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Om Prakash Inani
Also directs:
Mohini Infra Private Limited, Srinidhi Cottons Private Limited, Jaijanaki Fabrics Private Limited and 2 more
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Director | 23 Mar 1988 | 38 Years 3 Months | Current |
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Kalakota Reddy Sharath
Also directs:
Shilpa Pharma Lifesciences Limited, Shilpa Biocare Private Limited
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Whole-Time Director | 01 Oct 2019 | 6 Years 9 Months | Current |
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Vishnukanth Chaturbhuj Bhutada
Also directs:
Ayodhya Sarayu Infra Llp, Shilpa Pharma Lifesciences Limited, Ftf Pharma Private Limited and 5 more
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Managing Director | 01 Sep 2015 | 10 Years 10 Months | Current |
| Hetal Madhukant Gandhi | Director | 02 Sep 2021 | 4 Years 10 Months | Current |
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Anita Bandyopadhyay
Also directs:
Acutaas Chemicals Limited, Shilpa Pharma Lifesciences Limited, Shilpa Biologicals Private Limited and 2 more
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Director | 11 Aug 2022 | 3 Years 11 Months | Current |
| Ashraf Loutfy Abdelhamid Allam | Director | 13 Aug 2025 | 0 Years 11 Months | Current |
Financials of Shilpa Medicare Limited FY 2026 filings available
Shilpa Medicare Limited reported revenue of ₹1,538.87 Cr (up 19.62% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,538.87 Cr | ₹1,286.41 Cr | ₹1,151.6 Cr | ₹1,050.11 Cr | ₹1,145.52 Cr | ₹907.91 Cr |
| Other Income | ₹9.84 Cr | ₹23.15 Cr | ₹8.17 Cr | ₹17.4 Cr | ₹14.25 Cr | ₹16.94 Cr |
| Total Income | ₹1,548.71 Cr | ₹1,309.57 Cr | ₹1,159.77 Cr | ₹1,067.51 Cr | ₹1,159.77 Cr | ₹924.85 Cr |
| Cost of Materials Consumed | ₹471 Cr | ₹350.27 Cr | ₹424.32 Cr | ₹368.85 Cr | ₹381.75 Cr | ₹287.02 Cr |
| Purchases of Stock-in-Trade | ₹25.63 Cr | ₹22.48 Cr | ₹18.01 Cr | ₹33.78 Cr | ₹8.49 Cr | ₹6.76 Cr |
| Changes in Inventories | -₹36.22 Cr | ₹37.61 Cr | -₹34.78 Cr | ₹13.29 Cr | -₹7.02 Cr | -₹16.05 Cr |
| Employee Benefit Expense | ₹334.88 Cr | ₹292.71 Cr | ₹281.49 Cr | ₹287.33 Cr | ₹264.49 Cr | ₹196.59 Cr |
| Finance Costs | ₹58.79 Cr | ₹75.53 Cr | ₹91.81 Cr | ₹58.65 Cr | ₹41.17 Cr | ₹4.56 Cr |
| Depreciation & Amortisation | ₹119.72 Cr | ₹112.99 Cr | ₹107.87 Cr | ₹95.5 Cr | ₹79.8 Cr | ₹43.78 Cr |
| Other Expenses | ₹308.88 Cr | ₹266.29 Cr | ₹218.06 Cr | ₹244.58 Cr | ₹293.96 Cr | ₹213.8 Cr |
| Total Expenses | ₹1,282.68 Cr | ₹1,157.89 Cr | ₹1,106.79 Cr | ₹1,101.98 Cr | ₹1,062.63 Cr | ₹736.45 Cr |
| Profit Before Exceptional Items & Tax | ₹266.03 Cr | ₹151.68 Cr | ₹52.99 Cr | -₹34.47 Cr | ₹97.13 Cr | ₹188.4 Cr |
| Exceptional Items | ₹29.28 Cr | -₹28.08 Cr | ₹6.13 Cr | ₹0 | ₹5.13 Cr | -₹35.09 Lakh |
| Profit Before Tax | ₹295.31 Cr | ₹123.59 Cr | ₹59.12 Cr | -₹34.47 Cr | ₹102.26 Cr | ₹188.05 Cr |
| Total Tax Expense | ₹51.98 Cr | ₹44.04 Cr | ₹22.39 Cr | -₹7.36 Cr | ₹41.68 Cr | ₹33.49 Cr |
| Net Profit | ₹243.33 Cr | ₹78.29 Cr | ₹31.87 Cr | -₹32.48 Cr | ₹60.66 Cr | ₹156.15 Cr |
| attributable to Owners | - | ₹0 | ₹0 | - | - | - |
| attributable to NCI | - | -₹38,000 | ₹0 | - | - | - |
| Other Comprehensive Income | ₹0 | -₹2.3 Cr | -₹2.37 Cr | ₹3.23 Cr | -₹1.36 Cr | -₹1.05 Cr |
| Total Comprehensive Income | ₹243.33 Cr | ₹75.99 Cr | ₹29.5 Cr | -₹29.25 Cr | ₹59.3 Cr | ₹155.11 Cr |
| EBITDA (computed) | ₹444.54 Cr | ₹340.2 Cr | ₹252.67 Cr | ₹119.68 Cr | ₹218.1 Cr | ₹236.74 Cr |
| Basic EPS | ₹12.44 | ₹8.04 | ₹3.67 | ₹3.74 | ₹7.26 | ₹19.15 |
| Diluted EPS | ₹12.44 | ₹8.04 | ₹3.67 | ₹3.74 | ₹7.26 | ₹19.15 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹3,705.61 Cr | ₹3,310.71 Cr | ₹3,093.2 Cr | ₹2,902.38 Cr |
| Non-current Assets | ₹2,595.84 Cr | ₹2,325.04 Cr | ₹2,216.38 Cr | ₹2,134.37 Cr |
| Current Assets | ₹1,109.77 Cr | ₹985.67 Cr | ₹876.83 Cr | ₹768.01 Cr |
| Property, Plant & Equipment | ₹1,324.34 Cr | ₹1,186.04 Cr | ₹1,165.92 Cr | ₹1,151.48 Cr |
| Inventories | ₹366.79 Cr | ₹347.93 Cr | ₹344.93 Cr | ₹319.82 Cr |
| Trade Receivables | ₹518.85 Cr | ₹440.84 Cr | ₹392.05 Cr | ₹324.35 Cr |
| Cash & Equivalents | ₹41.26 Cr | ₹25.97 Cr | ₹30.23 Cr | ₹21.32 Cr |
| Equity (Net Worth) | ₹2,591.2 Cr | ₹2,363.7 Cr | ₹1,799.96 Cr | ₹1,774.36 Cr |
| Equity Share Capital | ₹19.56 Cr | ₹9.78 Cr | ₹8.68 Cr | ₹8.68 Cr |
| Borrowings (Non-current) | ₹183.81 Cr | ₹231.96 Cr | ₹560.16 Cr | ₹288.82 Cr |
| Borrowings (Current) | ₹474.16 Cr | ₹354.41 Cr | ₹375.43 Cr | ₹506.9 Cr |
| Total Debt (computed) | ₹657.97 Cr | ₹586.36 Cr | ₹935.59 Cr | ₹795.72 Cr |
| Current Liabilities | ₹848.06 Cr | ₹674.23 Cr | ₹693.35 Cr | ₹782.91 Cr |
| Total Liabilities | ₹1,114.41 Cr | ₹947.01 Cr | ₹1,293.25 Cr | ₹1,128.03 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹342.18 Cr | ₹132.18 Cr | ₹135.34 Cr | ₹226.17 Cr | ₹105.13 Cr |
| Investing Cash Flow | -₹325.92 Cr | -₹199.08 Cr | -₹166.58 Cr | -₹278.48 Cr | -₹285.5 Cr |
| Financing Cash Flow | ₹13.62 Cr | ₹62.65 Cr | ₹46.78 Cr | ₹45.8 Cr | ₹82.86 Cr |
| Capital Expenditure | ₹370.63 Cr | ₹243.63 Cr | ₹184.56 Cr | ₹272.54 Cr | ₹331.83 Cr |
| Free Cash Flow (computed) | -₹28.45 Cr | -₹111.46 Cr | -₹49.22 Cr | -₹46.37 Cr | -₹226.69 Cr |
| Dividends Paid | ₹9.78 Cr | ₹0 | ₹0 | ₹9.55 Cr | ₹8.97 Cr |
| Net Change in Cash | ₹16.61 Cr | -₹4.25 Cr | ₹11.35 Cr | -₹6.51 Cr | -₹97.51 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹436.99 Cr | ₹409.73 Cr | ₹369.97 Cr | ₹321.46 Cr | ₹330.8 Cr | ₹319.32 Cr | ₹343.8 Cr | ₹292.51 Cr | ₹291.69 Cr | ₹286.48 Cr | ₹312.98 Cr | ₹260.17 Cr |
| Other Income | ₹1.67 Cr | ₹81.43 Lakh | ₹1.75 Cr | ₹6.38 Cr | ₹7.57 Cr | ₹1.13 Cr | ₹4.99 Cr | ₹9.44 Cr | ₹2.49 Cr | ₹2.21 Cr | ₹1.81 Cr | ₹1.93 Cr |
| Total Income | ₹438.66 Cr | ₹410.54 Cr | ₹371.72 Cr | ₹327.84 Cr | ₹338.38 Cr | ₹320.45 Cr | ₹348.79 Cr | ₹301.95 Cr | ₹294.19 Cr | ₹288.7 Cr | ₹314.79 Cr | ₹262.11 Cr |
| Cost of Materials Consumed | ₹127.57 Cr | ₹100.75 Cr | ₹127.64 Cr | ₹115.04 Cr | ₹85.14 Cr | ₹89.99 Cr | ₹98.43 Cr | ₹76.76 Cr | ₹101.16 Cr | ₹106 Cr | ₹122.01 Cr | ₹94.85 Cr |
| Purchases of Stock-in-Trade | ₹6.98 Cr | ₹7.14 Cr | ₹7.36 Cr | ₹4.16 Cr | ₹6.64 Cr | ₹6.7 Cr | ₹6.04 Cr | ₹2.76 Cr | ₹5.36 Cr | ₹3.84 Cr | ₹4.76 Cr | ₹4.06 Cr |
| Changes in Inventories | ₹7.44 Cr | ₹25.43 Cr | -₹29.5 Cr | -₹39.59 Cr | ₹12.69 Cr | -₹5.68 Cr | ₹17.51 Cr | ₹13.28 Cr | -₹9.44 Cr | -₹13.32 Cr | -₹97.85 Lakh | -₹11.04 Cr |
| Employee Benefit Expense | ₹86.56 Cr | ₹83.45 Cr | ₹83.05 Cr | ₹81.81 Cr | ₹70.93 Cr | ₹73.49 Cr | ₹76.16 Cr | ₹72.14 Cr | ₹66.46 Cr | ₹69.07 Cr | ₹73.09 Cr | ₹72.88 Cr |
| Finance Costs | ₹13.66 Cr | ₹10.68 Cr | ₹15.67 Cr | ₹18.78 Cr | ₹14.49 Cr | ₹11.75 Cr | ₹25.55 Cr | ₹23.74 Cr | ₹24.2 Cr | ₹26.22 Cr | ₹23.24 Cr | ₹18.15 Cr |
| Depreciation & Amortisation | ₹30.62 Cr | ₹30.36 Cr | ₹29.82 Cr | ₹28.92 Cr | ₹28.79 Cr | ₹28.81 Cr | ₹28.28 Cr | ₹27.11 Cr | ₹26.63 Cr | ₹26.71 Cr | ₹27.79 Cr | ₹26.75 Cr |
| Other Expenses | ₹88.73 Cr | ₹78.65 Cr | ₹73.14 Cr | ₹68.4 Cr | ₹78.63 Cr | ₹74.13 Cr | ₹59.65 Cr | ₹53.96 Cr | ₹58.1 Cr | ₹54.95 Cr | ₹53.8 Cr | ₹51.5 Cr |
| Total Expenses | ₹361.56 Cr | ₹336.47 Cr | ₹307.18 Cr | ₹277.52 Cr | ₹297.32 Cr | ₹279.18 Cr | ₹311.63 Cr | ₹269.76 Cr | ₹272.46 Cr | ₹273.46 Cr | ₹303.71 Cr | ₹257.15 Cr |
| Profit Before Exceptional Items & Tax | ₹77.1 Cr | ₹74.07 Cr | ₹64.54 Cr | ₹50.31 Cr | ₹41.06 Cr | ₹41.27 Cr | ₹37.16 Cr | ₹32.2 Cr | ₹21.72 Cr | ₹15.23 Cr | ₹11.08 Cr | ₹4.95 Cr |
| Exceptional Items | ₹43.35 Cr | -₹12.86 Cr | ₹0 | ₹0 | -₹28.08 Cr | ₹0 | ₹0 | ₹0 | ₹6.13 Cr | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹120.45 Cr | ₹61.21 Cr | ₹64.54 Cr | ₹50.31 Cr | ₹12.98 Cr | ₹41.27 Cr | ₹37.16 Cr | ₹32.2 Cr | ₹27.85 Cr | ₹15.23 Cr | ₹11.08 Cr | ₹4.95 Cr |
| Total Tax Expense | ₹12.66 Cr | ₹16.27 Cr | ₹20.36 Cr | ₹2.69 Cr | ₹76.62 Lakh | ₹9.83 Cr | ₹18.83 Cr | ₹14.62 Cr | ₹3.21 Cr | ₹9.46 Cr | ₹7.6 Cr | ₹2.11 Cr |
| Net Profit | ₹107.79 Cr | ₹44.58 Cr | ₹44.07 Cr | ₹46.89 Cr | ₹14.51 Cr | ₹31.78 Cr | ₹17.94 Cr | ₹14.06 Cr | ₹24.5 Cr | ₹4.7 Cr | ₹1.57 Cr | ₹1.18 Cr |
| attributable to Owners | - | ₹0 | - | ₹0 | ₹0 | - | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.18 Cr |
| attributable to NCI | - | ₹0 | - | ₹0 | ₹21,000 | -₹3,000 | ₹0 | ₹0 | ₹0 | -₹12.03 Lakh | ₹3.69 Lakh | ₹25,000 |
| Other Comprehensive Income | ₹0 | ₹4.17 Cr | -₹3.56 Lakh | -₹3.56 Lakh | -₹2.39 Cr | ₹2.85 Lakh | ₹2.85 Lakh | ₹2.85 Lakh | -₹2.4 Cr | -₹1.05 Lakh | ₹1.05 Lakh | ₹1.05 Lakh |
| Total Comprehensive Income | ₹107.79 Cr | ₹48.75 Cr | ₹44.03 Cr | ₹46.85 Cr | ₹12.12 Cr | ₹31.81 Cr | ₹17.97 Cr | ₹14.09 Cr | ₹22.1 Cr | ₹4.69 Cr | ₹1.59 Cr | ₹1.19 Cr |
| EBITDA (computed) | ₹121.38 Cr | ₹115.11 Cr | ₹110.03 Cr | ₹98.01 Cr | ₹84.34 Cr | ₹81.82 Cr | ₹91 Cr | ₹83.04 Cr | ₹72.55 Cr | ₹68.16 Cr | ₹62.11 Cr | ₹49.85 Cr |
| Basic EPS | ₹5.51 | ₹2.36 | ₹2.25 | ₹4.79 | ₹1.48 | ₹3.25 | ₹1.83 | ₹1.46 | ₹2.82 | ₹0.53 | ₹0.19 | ₹0.14 |
| Diluted EPS | ₹5.51 | ₹2.36 | ₹2.25 | ₹4.79 | ₹1.48 | ₹3.25 | ₹1.83 | ₹1.46 | ₹2.82 | ₹0.53 | ₹0.19 | ₹0.14 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹597.03 Cr | ₹477.34 Cr | ₹309.79 Cr | ₹247.7 Cr | ₹356.95 Cr | ₹830.32 Cr | ₹805.97 Cr |
| Other Income | ₹38.14 Cr | ₹83.83 Cr | ₹89.12 Cr | ₹68.64 Cr | ₹40.86 Cr | ₹33.9 Cr | ₹11.26 Cr |
| Total Income | ₹635.17 Cr | ₹561.18 Cr | ₹398.9 Cr | ₹316.35 Cr | ₹397.81 Cr | ₹864.22 Cr | ₹817.23 Cr |
| Cost of Materials Consumed | ₹205.99 Cr | ₹99.83 Cr | ₹73.87 Cr | ₹59.12 Cr | ₹75.19 Cr | ₹303.57 Cr | ₹275.9 Cr |
| Purchases of Stock-in-Trade | ₹22.11 Cr | ₹14.68 Cr | ₹12.75 Cr | ₹15.51 Cr | ₹6.78 Cr | ₹7.81 Cr | ₹3.93 Cr |
| Changes in Inventories | -₹3.64 Cr | ₹6 Cr | ₹2.63 Cr | ₹7.56 Cr | -₹3.18 Cr | -₹54.79 Cr | -₹14.26 Cr |
| Employee Benefit Expense | ₹110.99 Cr | ₹99.61 Cr | ₹103.64 Cr | ₹110.45 Cr | ₹110.57 Cr | ₹175.62 Cr | ₹149.28 Cr |
| Finance Costs | ₹10.04 Cr | ₹6.6 Cr | ₹17.26 Cr | ₹20.83 Cr | ₹9.05 Cr | ₹17.47 Cr | ₹4.33 Cr |
| Depreciation & Amortisation | ₹55.11 Cr | ₹48.86 Cr | ₹49.61 Cr | ₹46.55 Cr | ₹34.82 Cr | ₹40.85 Cr | ₹34.96 Cr |
| Other Expenses | ₹105.86 Cr | ₹132.63 Cr | ₹90.6 Cr | ₹99.05 Cr | ₹145.91 Cr | ₹171.09 Cr | ₹146.22 Cr |
| Total Expenses | ₹506.46 Cr | ₹408.2 Cr | ₹350.36 Cr | ₹359.08 Cr | ₹379.14 Cr | ₹661.63 Cr | ₹600.35 Cr |
| Profit Before Exceptional Items & Tax | ₹128.71 Cr | ₹152.98 Cr | ₹48.54 Cr | -₹42.73 Cr | ₹18.68 Cr | ₹202.59 Cr | ₹216.88 Cr |
| Exceptional Items | ₹19.42 Cr | -₹45.74 Cr | -₹10.45 Cr | -₹15.55 Cr | ₹8.81 Cr | ₹52.95 Cr | -₹4.54 Cr |
| Profit Before Tax | ₹148.13 Cr | ₹107.24 Cr | ₹38.09 Cr | -₹58.28 Cr | ₹27.49 Cr | ₹255.54 Cr | ₹212.34 Cr |
| Total Tax Expense | ₹15.16 Cr | ₹37.43 Cr | ₹11.15 Cr | -₹8.79 Cr | ₹7.33 Cr | ₹71.15 Cr | ₹44.15 Cr |
| Net Profit | ₹132.97 Cr | ₹69.8 Cr | ₹26.94 Cr | ₹57.19 Cr | ₹140.99 Cr | ₹184.39 Cr | ₹193.72 Cr |
| Other Comprehensive Income | -₹11 Lakh | -₹1.94 Cr | -₹1.66 Cr | ₹0 | -₹1.19 Cr | ₹1.79 Lakh | -₹1.2 Cr |
| Total Comprehensive Income | ₹132.86 Cr | ₹67.86 Cr | ₹25.28 Cr | ₹57.19 Cr | ₹139.8 Cr | ₹184.41 Cr | ₹192.52 Cr |
| EBITDA (computed) | ₹193.86 Cr | ₹208.44 Cr | ₹115.41 Cr | ₹24.64 Cr | ₹62.55 Cr | ₹260.91 Cr | ₹256.17 Cr |
| Basic EPS | ₹6.80 | ₹7.16 | ₹3.10 | ₹-5.70 | ₹2.41 | ₹22.62 | ₹20.63 |
| Diluted EPS | ₹6.80 | ₹7.16 | ₹3.10 | ₹-5.70 | ₹2.41 | ₹22.62 | ₹20.63 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹3,028.55 Cr | ₹3,006.66 Cr | ₹2,418.59 Cr | ₹2,517.36 Cr |
| Non-current Assets | ₹2,502.29 Cr | ₹2,529.38 Cr | ₹2,041.66 Cr | ₹1,882.41 Cr |
| Current Assets | ₹526.26 Cr | ₹477.29 Cr | ₹376.93 Cr | ₹634.95 Cr |
| Property, Plant & Equipment | ₹462.87 Cr | ₹440.61 Cr | ₹483.46 Cr | ₹495.63 Cr |
| Inventories | ₹175.03 Cr | ₹148.58 Cr | ₹111.92 Cr | ₹94.5 Cr |
| Trade Receivables | ₹222.66 Cr | ₹190.52 Cr | ₹143.82 Cr | ₹111.9 Cr |
| Cash & Equivalents | ₹9.15 Cr | ₹3.29 Cr | ₹2.92 Cr | ₹4.58 Cr |
| Equity (Net Worth) | ₹2,713.38 Cr | ₹2,700.59 Cr | ₹2,142.72 Cr | ₹2,117.58 Cr |
| Equity Share Capital | ₹19.56 Cr | ₹9.78 Cr | ₹8.68 Cr | ₹8.68 Cr |
| Borrowings (Non-current) | ₹14.29 Cr | ₹24.47 Cr | ₹16.25 Cr | ₹122.8 Cr |
| Borrowings (Current) | ₹115.71 Cr | ₹82.43 Cr | ₹126.3 Cr | ₹164.61 Cr |
| Total Debt (computed) | ₹130 Cr | ₹106.9 Cr | ₹142.55 Cr | ₹287.42 Cr |
| Current Liabilities | ₹276.42 Cr | ₹226.89 Cr | ₹226.34 Cr | ₹241.41 Cr |
| Total Liabilities | ₹315.17 Cr | ₹306.07 Cr | ₹275.87 Cr | ₹399.77 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹60 Cr | -₹19.06 Cr | ₹8.03 Cr | ₹2.08 Cr | ₹173.87 Cr |
| Investing Cash Flow | -₹67.15 Cr | -₹433.29 Cr | ₹155.82 Cr | -₹94.8 Cr | -₹378.97 Cr |
| Financing Cash Flow | ₹13.76 Cr | ₹450.09 Cr | -₹163.07 Cr | ₹87.68 Cr | ₹97.23 Cr |
| Capital Expenditure | ₹127.44 Cr | ₹57.44 Cr | ₹55.08 Cr | ₹58.27 Cr | ₹173.45 Cr |
| Free Cash Flow (computed) | -₹67.44 Cr | -₹76.5 Cr | -₹47.05 Cr | -₹56.19 Cr | ₹41.52 Lakh |
| Dividends Paid | ₹9.78 Cr | ₹0 | ₹0 | ₹9.55 Cr | ₹8.97 Cr |
| Net Change in Cash | ₹6.11 Cr | -₹2.26 Cr | ₹78.16 Lakh | -₹5.04 Cr | -₹107.88 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹201.11 Cr | ₹165.7 Cr | ₹134.93 Cr | ₹92.43 Cr | ₹126.15 Cr | ₹125.39 Cr | ₹129.68 Cr | ₹96.12 Cr | ₹87.45 Cr | ₹63.98 Cr | ₹74.61 Cr | ₹83.74 Cr |
| Other Income | ₹6.89 Cr | ₹11.29 Cr | ₹16.94 Cr | ₹17.79 Cr | ₹14.08 Cr | ₹16.83 Cr | ₹21.47 Cr | ₹31.45 Cr | ₹23.25 Cr | ₹22.33 Cr | ₹22.76 Cr | ₹20.78 Cr |
| Total Income | ₹208 Cr | ₹176.99 Cr | ₹151.88 Cr | ₹110.22 Cr | ₹140.24 Cr | ₹142.21 Cr | ₹151.15 Cr | ₹127.57 Cr | ₹110.7 Cr | ₹86.31 Cr | ₹97.38 Cr | ₹104.52 Cr |
| Cost of Materials Consumed | ₹67.38 Cr | ₹54.03 Cr | ₹45.73 Cr | ₹38.03 Cr | ₹34.54 Cr | ₹28.97 Cr | ₹22.11 Cr | ₹14.2 Cr | ₹27.13 Cr | ₹10.46 Cr | ₹22.27 Cr | ₹13.77 Cr |
| Purchases of Stock-in-Trade | ₹6.5 Cr | ₹6.32 Cr | ₹5.46 Cr | ₹3.84 Cr | ₹5.45 Cr | ₹4.33 Cr | ₹3.6 Cr | ₹1.3 Cr | ₹4.12 Cr | ₹2.48 Cr | ₹3.6 Cr | ₹2.56 Cr |
| Changes in Inventories | ₹4.25 Cr | ₹11.55 Cr | -₹5.28 Cr | -₹14.19 Cr | ₹6.01 Cr | -₹6.07 Cr | -₹2.11 Cr | ₹8.17 Cr | ₹1.23 Cr | ₹5.52 Cr | -₹7.2 Cr | ₹3.08 Cr |
| Employee Benefit Expense | ₹30.01 Cr | ₹30.75 Cr | ₹28.47 Cr | ₹27.68 Cr | ₹22.69 Cr | ₹23.54 Cr | ₹27.02 Cr | ₹26.36 Cr | ₹24.28 Cr | ₹25.34 Cr | ₹26.23 Cr | ₹27.8 Cr |
| Finance Costs | ₹2.62 Cr | ₹2.74 Cr | ₹2.44 Cr | ₹2.23 Cr | ₹2.09 Cr | ₹1.38 Cr | ₹1.19 Cr | ₹1.95 Cr | ₹2.71 Cr | ₹2.61 Cr | ₹5.18 Cr | ₹6.76 Cr |
| Depreciation & Amortisation | ₹14.41 Cr | ₹13.56 Cr | ₹13.15 Cr | ₹12.59 Cr | ₹12.34 Cr | ₹12.2 Cr | ₹12.02 Cr | ₹12.3 Cr | ₹12.29 Cr | ₹12.39 Cr | ₹12.67 Cr | ₹12.26 Cr |
| Other Expenses | ₹33.18 Cr | ₹32.04 Cr | ₹21.41 Cr | ₹20.07 Cr | ₹22.23 Cr | ₹52.06 Cr | ₹36.2 Cr | ₹22.14 Cr | ₹23.73 Cr | ₹23.48 Cr | ₹22.42 Cr | ₹21.2 Cr |
| Total Expenses | ₹158.35 Cr | ₹151 Cr | ₹111.39 Cr | ₹90.26 Cr | ₹105.35 Cr | ₹116.4 Cr | ₹100.04 Cr | ₹86.42 Cr | ₹95.49 Cr | ₹82.28 Cr | ₹85.17 Cr | ₹87.42 Cr |
| Profit Before Exceptional Items & Tax | ₹49.65 Cr | ₹25.99 Cr | ₹40.49 Cr | ₹19.97 Cr | ₹34.89 Cr | ₹25.82 Cr | ₹51.12 Cr | ₹41.15 Cr | ₹15.21 Cr | ₹4.03 Cr | ₹12.21 Cr | ₹17.1 Cr |
| Exceptional Items | ₹28.37 Cr | -₹2.2 Cr | -₹1.57 Cr | -₹5.18 Cr | -₹44.32 Cr | -₹48.63 Lakh | -₹47.14 Lakh | -₹46 Lakh | -₹3.78 Cr | -₹11.83 Lakh | -₹21.17 Lakh | -₹6.34 Cr |
| Profit Before Tax | ₹78.02 Cr | ₹23.79 Cr | ₹38.92 Cr | ₹14.79 Cr | -₹9.43 Cr | ₹25.33 Cr | ₹50.65 Cr | ₹40.69 Cr | ₹11.43 Cr | ₹3.91 Cr | ₹11.99 Cr | ₹10.76 Cr |
| Total Tax Expense | ₹7.05 Cr | ₹7.85 Cr | ₹8.1 Cr | -₹5.91 Cr | -₹4.28 Cr | ₹9.21 Cr | ₹20.16 Cr | ₹12.34 Cr | ₹1.69 Cr | ₹1.21 Cr | ₹5.39 Cr | ₹2.86 Cr |
| Net Profit | ₹70.97 Cr | ₹15.93 Cr | ₹30.83 Cr | ₹20.7 Cr | -₹5.15 Cr | ₹16.12 Cr | ₹30.49 Cr | ₹28.35 Cr | ₹9.74 Cr | ₹2.7 Cr | ₹6.6 Cr | ₹7.9 Cr |
| Other Comprehensive Income | -₹1 Lakh | -₹9.41 Lakh | ₹0 | ₹0 | -₹1.94 Cr | ₹0 | ₹0 | ₹0 | -₹1.66 Cr | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹70.96 Cr | ₹15.84 Cr | ₹30.83 Cr | ₹20.7 Cr | -₹7.1 Cr | ₹16.12 Cr | ₹30.49 Cr | ₹28.35 Cr | ₹8.08 Cr | ₹2.7 Cr | ₹6.6 Cr | ₹7.9 Cr |
| EBITDA (computed) | ₹66.68 Cr | ₹42.3 Cr | ₹56.08 Cr | ₹34.79 Cr | ₹49.32 Cr | ₹39.39 Cr | ₹64.33 Cr | ₹55.4 Cr | ₹30.21 Cr | ₹19.03 Cr | ₹30.05 Cr | ₹36.12 Cr |
| Basic EPS | ₹3.63 | ₹0.84 | ₹1.58 | ₹2.12 | ₹-0.53 | ₹1.65 | ₹3.12 | ₹2.94 | ₹1.12 | ₹0.31 | ₹0.76 | ₹0.91 |
| Diluted EPS | ₹3.63 | ₹0.84 | ₹1.58 | ₹2.12 | ₹-0.53 | ₹1.65 | ₹3.12 | ₹2.94 | ₹1.12 | ₹0.31 | ₹0.76 | ₹0.91 |
Shareholding Pattern of Shilpa Medicare Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 40.13%, foreign institutional investors hold 11.08%, domestic institutional investors hold 8.58%, retail and other public shareholders hold 40.21% of Shilpa Medicare Limited. The company had 53,410 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 40.13% | 40.13% | 44.23% | 44.23% | 44.23% | 44.23% |
| Public | 59.87% | 59.87% | 55.77% | 55.77% | 55.77% | 55.77% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 40.13% | 44.23% | 50.01% | 50.01% | 50.01% | 53.25% | 53.80% | 53.80% | 53.80% | 54.74% | 53.05% |
| Public | 59.87% | 55.77% | 49.99% | 49.99% | 49.99% | 46.75% | 46.20% | 46.20% | 46.20% | 45.26% | 46.95% |
| Promoter change (YoY, %pts) | -4.10 | -5.78 | +0.00 | +0.00 | -3.24 | -0.55 | +0.00 | +0.00 | -0.94 | +1.69 | - |
Board & Governance of Shilpa Medicare Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Shilpa Medicare Limited has 6 directors - 3 independent and 2 executive. The board is chaired by OM PRAKASH INNANI.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| OM PRAKASH INNANI | Non-Executive - Non Independent Director · Chairperson | 1988-03-23 | 1 |
| VISHNUKANT CHATURBHUJ BHUTADA | Executive Director · MD | 1987-11-20 | 1 |
| SHARATH REDDY KALAKOTA | Executive Director | 2019-10-01 | 1 |
| HETAL MADHUKANT GANDHI | Non-Executive - Independent Director | 2021-09-02 | 6 |
| ANITA BANDYOPADHYAY | Non-Executive - Independent Director | 2022-09-28 | 3 |
| ASHRAF LOUTFY ABDELHAMID ALLAM | Non-Executive - Independent Director | 2025-08-13 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | HETAL MADHUKANT GANDHI (Chairperson), OM PRAKASH INNANI, ANITA BANDYOPADHYAY, ASHRAF LOUTFY ABDELHAMID ALLAM |
| Nomination and remuneration committee | ANITA BANDYOPADHYAY (Chairperson), OM PRAKASH INNANI, HETAL MADHUKANT GANDHI |
| Stakeholders Relationship Committee | OM PRAKASH INNANI (Chairperson), VISHNUKANT CHATURBHUJ BHUTADA, ANITA BANDYOPADHYAY |
| Risk Management Committee | VISHNUKANT CHATURBHUJ BHUTADA, SHARATH REDDY KALAKOTA, ASHRAF LOUTFY ABDELHAMID ALLAM |
| Corporate Social Responsibility Committee | ANITA BANDYOPADHYAY (Chairperson), VISHNUKANT CHATURBHUJ BHUTADA, SHARATH REDDY KALAKOTA |
Group Structure of Shilpa Medicare Limited
Shilpa Medicare Limited has 7 subsidiary companies, 2 joint ventures, and 1 associated company. This group structure data is as of FY 2023. The corporate group structure reflects Shilpa Medicare Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Shilpa Pharma Lifesciences Limited | U24100KA2020PLC134081 | - |
| Ftf Pharma Private Limited | U24230GJ2012PTC070818 | - |
| Shilpa Biologicals Private Limited | U24230KA2020PTC131456 | - |
| Shilpa Therapeutics Private Limited | U24239KA2004PTC176079 | - |
| Vegil Labs Private Limited | U24290KA2021PTC148960 | - |
| Shilpa Biocare Private Limited | U24304KA2020PTC131457 | - |
Showing major subsidiaries. Total: 7.
Charges & Borrowings of Shilpa Medicare Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Aug 2024 | Others | ₹50 Cr | Open |
| 27 Mar 2023 | Standard Chartered Bank | ₹14 Lakh | Open |
| 27 Feb 2023 | Axis Bank Limited | ₹70 Cr | Open |
| 13 Aug 2021 | Axis Bank Limited | ₹6.3 Lakh | Open |
| 11 May 2020 | Canara Bank | ₹15.28 Lakh | Open |
Total charge records: 51 View all charges
Employees and EPFO Compliance at Shilpa Medicare Limited
Shilpa Medicare Limited has a workforce of 930 employees as of Apr 03, 2024.
Employee and EPFO history for Shilpa Medicare Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Shilpa Medicare Limited
GST registrations and filing compliance for Shilpa Medicare Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Shilpa Medicare Limited
Credit ratings, litigation, and regulatory alerts for Shilpa Medicare Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Shilpa Medicare Limited
MSME payment history for Shilpa Medicare Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Shilpa Medicare Limited
Corporate group structure for Shilpa Medicare Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Shilpa Medicare Limited
MCA filings and documents for Shilpa Medicare Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Shilpa Medicare Limited
Recent News on Shilpa Medicare Limited
Frequently Asked Questions about Shilpa Medicare Limited
Shilpa Medicare Limited is an active public limited company in the pharma sector based in Raichur, Karnataka, India. It was incorporated on 20 November 1987 (39+ years old) and is registered under CIN L85110KA1987PLC008739. Listed on BSE: 530549 and NSE: SHILPAMED. The company has 930 employees.
Shilpa Medicare Limited reported revenue of ₹1,538.87 Cr for FY 2026 (up 19.62% YoY) based on consolidated NSE filings.
The current directors of Shilpa Medicare Limited are:
- Om Prakash Inani - Director
- Kalakota Reddy Sharath - Whole-Time Director
- Vishnukanth Chaturbhuj Bhutada - Managing Director
- Hetal Madhukant Gandhi - Director
- Anita Bandyopadhyay - Director
- Ashraf Loutfy Abdelhamid Allam - Director
The primary industry of Shilpa Medicare Limited is pharma. The company specifically operates in pharma contract r and d. The company is currently active in this sector.
Yes. Shilpa Medicare Limited is listed on both BSE (code: 530549) and NSE (symbol: SHILPAMED).
Shilpa Medicare Limited can be reached at the registered office: #12 – 6 – 214A1 Hyderabad Road, Raichur, Karnataka, India – 584135, or through the website vbshilpa.com.