Vaishali Pharma Limited - pharma in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L52310MH2008PLC181632 Incorporated 25 April 2008 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: VAISHALI Public Limited Company pharma MSME
Data last updated
Market Cap
₹92.75 Cr
VAISHALI · NSE
Share Price
₹6.85
-0.29% today
Revenue
₹109 Cr
FY 2025-26 · +9.8% YoY
EBITDA
₹4.11 Cr
Margin 3.8%
Net Profit
₹4.03 Cr
FY 2025-26 · +391.5% YoY
P/E (TTM)
20.8x
P/B 1.2x
Authorised capital
₹27 Cr
Registered with MCA
Paid-up capital
₹27 Cr
Issued & subscribed

About Vaishali Pharma Limited

Data last updated:

Vaishali Pharma Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 25 April 2008 and has been in existence for over 18 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L52310MH2008PLC181632. Its GSTIN is 27AACCV7258G1Z1 (Maharashtra). The company holds 4 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on NSE: VAISHALI.

The company has an authorised share capital of ₹27 Cr and a paid-up capital of ₹27 Cr. It was formerly known as Vaishali Pharma Private Limited. It is led by directors including Atul Arvind Vasani (Managing Director) and Jagruti Atul Vasani (Whole-Time Director).

Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹108.77 Cr, a growth of 9.8% compared to the previous year. For the same year it recorded a net profit of ₹4.03 Cr (net margin 3.7%) and EBITDA of ₹4.11 Cr (EBITDA margin 3.8%). The net worth stands at ₹68.98 Cr (up 6.3% YoY). Total assets are valued at ₹88.16 Cr (up 13.8% YoY).

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

The company is associated with 1 brand: Vaishali Pharma. As per MCA filings, the company has open charges of ₹20.15 Cr and satisfied charges of ₹17.13 Cr on record. Court records list 19 cases involving the company, including 5 filed by the company and 14 filed against it; 6 cases are pending. The company has 135 deals on record (134 market trades, 1 ipo); the latest was in October 2025. The company has 18 MSME Form 1 returns on record between 2019 and 2024, listing 68 overdue payments to 25 micro and small suppliers.

Vaishali Pharma Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0066666). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vaishalipharma.com.

Company details

CIN L52310MH2008PLC181632
Registration Number 181632
Incorporation Date 25 April 2008
ROC Mumbai
Listing Status Listed - Listed on NSE (VAISHALI)
Company Status Active
Date of Last AGM 22 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0066666

CIN history

Vaishali Pharma has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L52310MH2008PLC181632, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L52310MH2008PLC181632Current
U52310MH2008PTC181632Previous
U52310MH2008PLC181632Previous

Recognitions & Rankings of Vaishali Pharma

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-MH-19-0066666

Contact details

Vaishali Pharma Limited's registered office is in Mumbai, Maharashtra. Its website is vaishalipharma.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    706 To 709 7th Fl Aravali Busines Center R. C. Patel Road Off Sodawala Lane Bor, Ivali West, Mumbai, Maharashtra, India – 400092
  • Industry
    Pharma, Drug Formulation & Development

To see the full contact details of Vaishali Pharma Limited, buy the company report.

Comprehensive company report
Vaishali Pharma 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Vaishali Pharma operates one associated brand: Vaishali Pharma. Each brand links to its own profile.

BrandDescriptionWebsite
Finished formulations, APIs, and intermediates are manufactured.vaishalipharma.com

Business activity

The main business activity of Vaishali Pharma is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Vaishali Pharma Limited, buy the company report.

Financials of Vaishali Pharma Limited

FY 2025-26 filings available

Vaishali Pharma Limited reported revenue of ₹108.77 Cr (up 9.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹109 Cr
+9.8% YoY
EBITDA
₹4.11 Cr
+608.6% YoY
Profit After Tax
₹4.03 Cr
+391.5% YoY
Net Worth
₹68.98 Cr
+6.3% YoY
Total Assets
₹88.16 Cr
+13.8% YoY
Total Debt
₹18.89 Cr
+53.3% 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
Revenue10999.0386.2869.6675.8253.7760.09
Revenue growth+9.8%+14.8%+23.9%-8.1%+41.0%-10.5%-
EBITDA4.110.581.679.386.882.650.90
EBITDA margin+3.8%+0.6%+1.9%+13.5%+9.1%+4.9%+1.5%
Profit before tax5.391.230.928.855.721.400.07
Net profit4.030.820.716.614.021.040.02
Net profit margin+3.7%+0.8%+0.8%+9.5%+5.3%+1.9%+0.0%
EPS (₹)0.310.060.676.263.820.990.03
Balance sheet
Total assets88.1677.4956.5355.4647.3540.4538.56
Net worth68.9864.9142.8540.5426.3622.4221.39
Total debt18.8912.3213.4914.7320.8117.8517.04
Cash & bank1.431.841.580.981.360.470.38
Net working capital77.8672.1451.1049.2342.1735.6333.58
Cash flow
Cash from operations0.31(18.04)0.811.081.322.013.22
Cash from investing(5.33)(0.20)1.200.28(0.85)(0.11)(0.02)
Cash from financing4.6118.50(1.42)(1.73)0.42(1.81)(3.14)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue22.8926.9324.6533.4523.7532.2527.9120.79
Revenue growth (YoY)-3.6%-16.5%-11.7%+60.9%+31.4%---
Other income0.581.260.890.840.841.001.070.71
Total expenses21.4127.1323.0932.0622.3838.2926.5518.37
EBITDA1.48(0.20)1.561.391.37(6.04)1.362.42
EBITDA margin+6.5%-0.7%+6.3%+4.2%+5.8%-18.7%+4.9%+11.6%
Depreciation0.140.160.130.170.140.120.120.12
Interest0.200.720.510.400.330.440.380.38
Profit before tax1.720.181.811.661.74(5.60)1.932.63
Tax0.24(0.09)0.510.470.46(1.31)0.480.66

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue22.8926.9324.6533.4523.7532.2527.9120.79
Revenue growth (YoY)-3.6%-16.5%-11.7%+60.9%+31.4%---
Other income0.581.260.890.840.841.001.070.71
Total expenses21.4127.1323.0932.0622.3838.2926.5518.37
EBITDA1.48(0.20)1.561.391.37(6.04)1.362.42
EBITDA margin+6.5%-0.7%+6.3%+4.2%+5.8%-18.7%+4.9%+11.6%
Depreciation0.140.160.130.170.140.120.120.12
Interest0.200.720.510.400.330.440.380.38
Profit before tax1.720.181.811.661.74(5.60)1.932.63
Tax0.24(0.09)0.510.470.46(1.31)0.480.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue10999.0386.2869.6675.8253.7760.09
Revenue growth+9.8%+14.8%+23.9%-8.1%+41.0%-10.5%-
Other income3.843.212.032.231.791.812.17
Total expenses10598.4584.6160.2868.9451.1259.19
Employee cost0.001.581.401.301.361.191.27
EBITDA4.110.581.679.386.882.650.90
EBITDA margin+3.8%+0.6%+1.9%+13.5%+9.1%+4.9%+1.5%
Depreciation0.600.490.510.500.460.430.44
Interest1.962.072.272.262.492.632.56
Profit before tax5.391.230.928.855.721.400.07
Tax1.360.410.212.241.700.360.05
Net profit4.030.820.716.614.021.040.02
Net profit margin+3.7%+0.8%+0.8%+9.5%+5.3%+1.9%+0.0%
EPS (₹)0.310.060.676.263.820.990.03
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital26.0926.0910.7210.5510.5510.5510.55
Reserves & surplus42.8938.8225.1029.9915.8111.8710.84
Shareholders' funds (net worth)68.9864.9142.8540.5426.3622.4221.39
Secured loans18.5011.6412.0713.0015.0317.3016.28
Unsecured loans0.390.681.421.735.780.550.76
Total debt18.8912.3213.4914.7320.8117.8517.04
Total liabilities88.1677.4956.5355.4647.3540.4538.56
Assets
Gross block5.164.713.893.853.302.892.73
Net block1.691.841.521.991.181.221.49
Capital work in progress0.250.250.740.670.490.050.08
Investments5.430.430.430.430.430.430.43
Inventories3.404.810.383.050.630.590.88
Sundry debtors50.7746.7249.4353.6158.5166.7347.03
Cash & bank balances1.431.841.580.981.360.470.38
Loans & advances57.3651.1223.1415.0315.9413.5112.93
Total current assets11310474.5372.6776.4481.3061.22
Total current liabilities35.1032.3523.4323.4434.2745.6727.64
Net working capital77.8672.1451.1049.2342.1735.6333.58
Total assets88.1677.4956.5355.4647.3540.4538.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.841.580.981.360.470.380.32
Net cash from operating activities0.31(18.04)0.811.081.322.013.22
Net cash from investing activities(5.33)(0.20)1.200.28(0.85)(0.11)(0.02)
Net cash from financing activities4.6118.50(1.42)(1.73)0.42(1.81)(3.14)
Net change in cash(0.41)0.260.59(0.37)0.890.090.06
Closing cash1.431.841.580.981.360.470.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.8%+14.8%+23.9%-8.1%+41.0%-10.5%-
EBITDA growth+608.6%-65.3%-82.2%+36.3%+159.6%+194.4%-
PBT growth+338.2%+33.7%-89.6%+54.7%+308.6%+1900.0%-93.8%
Net income growth+391.5%+15.5%-89.3%+64.4%+286.5%+5100.0%-
Revenue CAGR (3Y)+16.0%+9.3%+17.1%+5.1%+0.3%-7.4%-2.1%
EBITDA CAGR (3Y)-24.1%-56.2%-14.3%+118.4%+49.2%-1.6%-36.2%
Profitability & leverage
Net income margin+3.7%+0.8%+0.8%+9.5%+5.3%+1.9%+0.0%
Return on capital employed-+4.9%+5.7%+21.6%+18.7%+10.2%+6.8%
Return on net worth-+1.5%+1.7%+19.7%+16.5%+4.8%+0.1%
Debt / equity-0.240.340.530.790.800.80
Long-term debt / equity-0.090.140.160.210.250.25
Interest cover55.842,300.00195.6925.4538.79118.47556.52
Efficiency & per share
Fixed asset turnover-23.0822.2919.4924.5019.1424.68
Inventory turnover-38.1650.3137.86124.3073.1664.61
Debtors turnover-2.061.671.241.210.951.25
EPS (₹)0.310.060.676.263.820.990.03
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.004.9833.4138.4324.9921.2620.27

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

Board of directors of Vaishali Pharma Limited

Vaishali Pharma has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Atul Arvind VasaniManaging Director25 Apr 200818 Years 6 MonthsCurrent
Jagruti Atul VasaniWhole-Time Director12 Nov 200916 Years 11 MonthsCurrent
Dewansh Ajay VasaniDirector26 Apr 20188 Years 6 MonthsCurrent
Manish Bhagwandas VedDirector31 Dec 20196 Years 9 MonthsCurrent
Pratik Vikram JakheliaDirector10 Jul 20215 Years 3 MonthsCurrent

Auditor

Vaishali Pharma Limited is audited by Raman S. Shah & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Raman S. Shah & AssociatesFY 2023119891W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 31.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 68.40%.

Promoters: 31.60%Retail & Others: 68.40%
Sep 2026
QUARTER
31.60% Promoters
68.40% Retail & Others
Promoter holding - history
Now 31.60% · Sep 2026High 31.60% · Mar 2026Low 26.30% · Dec 2025
25%27%29%31%33%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 26.30%Mar 2026: 31.60%Jun 2026: 31.60%Sep 2026: 31.60%31.60%26.30%31.60%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters31.60%31.60%31.60%26.30%
Public68.40%68.40%68.40%73.70%

Charges & borrowings

Open charges
₹20.15 Cr
Satisfied charges
₹17.13 Cr
Breakdown by lending institutions
Others₹15.10 Cr
Yes Bank Limited₹5.05 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
16 May 2025101105558Others₹9.99 LakhOpen
29 Mar 2025101094862Yes Bank Limited₹5.05 CrOpen
05 Jan 2019100237607Others₹3 CrOpen
10 Oct 201310460225Others₹12 CrOpen
30 Sep 2020100384707Others₹26 LakhSatisfied

To see the full charge records of Vaishali Pharma Limited, buy the company report.

Total charge records: 13 View all charges

Deals & funding

Vaishali Pharma Limited has 135 deals on record (134 market trades, 1 ipo); the latest was in October 2025.

Total deals
135
Market trades
134
IPO
1

Deals on record (5 of 135)

WhenDealAmountParties
Sep 2025Market trade₹1.25 CrBuyer: an individual
Seller: Sawaca Enterprises Limited
Oct 2024Market trade₹3.72 CrBuyer: Multiplier Share and Stock Advisors Private Limited , 2 individuals
Seller: Multiplier Share and Stock Advisors Private Limited , 2 individuals
Oct 2024Market trade₹1.22 CrBuyer: NK Securities Research Private Limited
Seller: NK Securities Research Private Limited
Oct 2024Market trade₹1.64 CrSeller: F3 Advisors Private Limited
Sep 2024Market trade₹5.04 CrBuyer: Hrti Private Limited , NK Securities Research Private Limited , Aakraya Research LLP
Seller: Hrti Private Limited , NK Securities Research Private Limited , Aakraya Research LLP

To see the full deal history of Vaishali Pharma Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Vaishali Pharma Limited was last rated by Crisil on 15 Jan 2019.

Rating agencyRated onRating
Crisil15 Jan 2019

To see the full credit ratings and regulatory alerts of Vaishali Pharma Limited, buy the company report.

MSME payment delays

Vaishali Pharma Limited has 18 MSME Form 1 returns on record between 2019 and 2024, listing 68 overdue payments to 25 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 25)

SupplierAmount dueDue sinceReported on
Rajdeep Pharmaceuticals
Industrial Associates
an individual supplier
Bio-Med Health Care Products Private Limited
an individual supplier

To see the full MSME payment records of Vaishali Pharma Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Vaishali Pharma Limited has a workforce of 15 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.

Employee count
15
Active EPFO establishments
1
Employee growth
-11.76%

GST

Vaishali Pharma has 4 GST registrations: 1 active and 3 cancelled or inactive.

Total GSTINs
4
Active
1
Cancelled / inactive
3
GSTINStateStatusRegistered on
27AACCV7258G1Z1MaharashtraActive01 Jul 2017

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

Recent activity

Vaishali Pharma Limited has 19 board changes on record since 2008: 12 appointments and 7 cessations. The latest: Ratnesh Raghunath Singh ceased to be CFO on 28 Feb 2025.

Charges
A charge with Yes Bank Limited of Rs. 5.05 Cr registered on 29 Mar 2025 with Charge ID 101094862 was modified on 30 Aug 2026.
Charges
A charge registered on 30 Sep 2020 via Charge ID 100384707 with Others was fully satisfied on 03 Jul 2026.
Charges
A charge registered on 31 Jan 2015 via Charge ID 10585905 with L&T Housing Finance Limited was fully satisfied on 03 Jul 2026.
Filing
Vaishali Pharma Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge with Others of Rs. 12.00 Cr registered on 10 Oct 2013 with Charge ID 10460225 was modified on 30 Mar 2026.
AGM
Vaishali Pharma Limited last Annual general meeting of members was held on 22 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.10 Cr with Charge ID 101105558 was registered on 16 May 2025.
Charges
A charge with Yes Bank Limited amounted to Rs. 5.05 Cr with Charge ID 101094862 was registered on 29 Mar 2025.
Ceased
Ratnesh Raghunath Singh ceased to be CFO.
Ceased
Ashvin Jamnadas Ganatra ceased to be Director.
Charges
A charge registered on 09 Mar 2017 via Charge ID 100084949 with Others was fully satisfied on 27 Jul 2022.
Ceased
Prataprai Panachand Gandhi ceased to be Director.

35 earlier events are in the company report.

Frequently asked questions

Vaishali Pharma is an active public limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 25 April 2008 (18+ years old) and is registered under CIN L52310MH2008PLC181632. Listed on NSE: VAISHALI.

Vaishali Pharma reported revenue of ₹108.77 Cr for FY 2025-26 (up 9.8% YoY) based on standalone financials.

Vaishali Pharma has 5 current directors:

The latest financial statements of Vaishali Pharma on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Vaishali Pharma is 27AACCV7258G1Z1, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.

The CIN (Corporate Identification Number) of Vaishali Pharma is L52310MH2008PLC181632. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Vaishali Pharma is a listed company as per MCA records. Its shares are listed on NSE (symbol: VAISHALI).

Vaishali Pharma has 19 court cases on record: 5 filed by the company and 14 filed against it. 6 are pending. Most are in the district courts.

Vaishali Pharma was incorporated on 25 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.

Vaishali Pharma has 135 deals on record (134 market trades, 1 ipo); the latest was in October 2025.

Ratnesh Raghunath Singh ceased to be CFO on 28 Feb 2025. Ashvin Jamnadas Ganatra ceased to be Director on 24 Jan 2025. Prataprai Panachand Gandhi ceased to be Director on 12 Jul 2021. Vaishali Pharma has 19 board changes on record in total.