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Bal Pharma Limited
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Registered Details

BAL PHARMA LIMITED

www.balpharma.com

All Companies ›

Karnataka ›

Health and Social Work ›

BAL PHARMA LIMITED

Active

Updated: 28 Jun 2025

The company manufactures and markets pharmaceutical formulations and active pharmaceutical ingredients (APIs) in India and internationally.

Bal Pharma Limited, is a listed public company incorporated on 19 May, 1987. It is classified as a public limited company and is located in , . It's authorized share capital is INR 24.50 cr and the total paid-up capital is INR 15.92 cr.

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Industry and products

Health and Social Work

Generics, Women's Health Products, Prescription Drugs, Intravenous Infusion Products, Bulk Actives

Company size

Auth Capital

₹ 24.5 Cr

Paidup Capital

₹ 15.9 Cr

Revenue

₹ 300-400 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

12.0%

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EBITDA

24.62%

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Net Profit

67.68%

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Networth

9.94%

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Borrowings

6.87%

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Assets

3.91%

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Gross Margin

-0.57

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Operating Margin

0.99

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Net Profit Margin

0.99

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Return on Equity

3.35

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ROCE

2.16

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Debt to Equity

-0.03

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Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (16)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Jatish Sheth	00581963	5 years
Director	Nicola Neeladri	01997936	5 years
Managing Director	Shailesh Siroya Shareholder	00048109	21 years
Whole-time Director	Virupakshaya Himesh Shareholder	08554422	6 years
Director	H S Venkatesh	01776040	5 years
Additional Director	Ravindrakumar Kothari	03418320	0 years

Financial Highlights

Financials upto March 2024 available in Tofler Pro

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
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Margins

Gross margin

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Net margin

Balance Sheet

Standalone

Consolidated

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	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
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Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
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	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	14.2	14.8	14.8	15.7	15.8
Reserves	31.2	38.5	43.7	48.0	53.5
Borrowings +	112.8	104.8	97.8	131.0	139.6
Long term borrowings	23.1	23.9	27.0	30.5	36.3
Short term borrowings	89.6	80.8	70.7	100.5	103.2
Trade payables +	38.7	47.2	65.6	88.1	86.8
Days payable	168.0	114.0	143.0	186.0	165.0
Other liabilities +	80.3	82.0	104.4	118.5	110.7
Other non-current liabilities	10.4	10.3	9.5	9.6	10.9
Other current liabilities	31.2	24.5	29.3	20.7	13.0
Total liabilities	238.4	240.1	260.6	313.2	319.5
Fixed Assets +	74.0	68.6	69.1	76.5	77.3
Tangible assets	60.4	57.5	55.7	62.2	61.6
CWIP	3.3	-	1.6	-	0.5
Intangible assets	10.3	11.1	11.8	14.3	15.2
LT loans and advances	0.3	0.4	0.4	-	0.1
Other non-current assets	2.9	7.0	6.6	8.5	8.0
Current assets +	161.1	164.1	184.6	228.2	234.1
Inventories	67.7	60.4	74.4	98.0	87.8
Trade receivables	49.6	67.2	75.3	94.0	99.6
Cash and cash equivalents	0.9	1.0	1.1	1.5	4.2
ST loans and advances	2.2	2.1	2.4	1.0	1.4
Other current assets	40.7	33.5	31.4	33.7	41.1
Total assets	238.4	240.1	260.6	313.2	319.5

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	5.95	6.17	5.69	5.01	4.95
Reserves	13.07	16.05	16.76	15.33	16.73
Borrowings +	47.31	43.63	37.51	41.83	43.69
Long term borrowings	9.71	9.97	10.36	9.75	11.38
Short term borrowings	37.6	33.66	27.15	32.08	32.31
Trade payables	16.22	19.65	25.16	28.14	27.17
Other liabilities +	33.68	34.15	40.05	37.83	34.63
Other non-current liabilities	4.37	4.27	3.63	3.07	3.4
Other current liabilities	13.08	10.22	11.25	6.62	4.06
Total liabilities
Fixed Assets +	31.05	28.57	26.51	24.42	24.19
Tangible assets	25.36	23.95	21.36	19.85	19.28
CWIP	1.39	0.0	0.62	0.0	0.15
Intangible assets	4.3	4.61	4.54	4.56	4.76
LT loans and advances	0.12	0.16	0.15	0.03	0.04
Other non-current assets	1.23	2.9	2.52	2.7	2.5
Current assets +	67.59	68.37	70.82	72.85	73.28
Inventories	28.4	25.15	28.55	31.29	27.48
Trade receivables	20.81	27.99	28.9	30.01	31.18
Cash and cash equivalents	0.36	0.43	0.43	0.47	1.31
ST loans and advances	0.93	0.86	0.91	0.31	0.43
Other current assets	17.09	13.94	12.04	10.77	12.88
Total assets

Total assets

Charges on assets

Bank wise

Charges

HDFC Bank Limited

No. of Loans: 8

Total Amount : 101.3 cr

Canara Bank

No. of Loans: 2

Total Amount : 58.8 cr

Bank of Baroda

No. of Loans: 1

Total Amount : 27.0 cr

STCI FINANCE LIMITED

No. of Loans: 2

Total Amount : 21.1 cr

SOUTH INDIAN BANK LTD

No. of Loans: 1

Total Amount : 8.3 cr

Small Industries Development Bank of India

No. of Loans: 1

Total Amount : 4.3 cr

Charge Holder	Amount	Date of creation/modification
STCI FINANCE LIMITED	20.0 cr	23 May, 2025
Bank of Baroda	27.0 cr	17 Apr, 2025
HDFC Bank Limited	85.0 cr	22 Jan, 2025
Canara Bank	58.7 cr	21 Sep, 2024
HDFC Bank Limited	0.1 cr	25 Jul, 2024
STCI FINANCE LIMITED	1.1 cr	08 Jan, 2024
HDFC Bank Limited	0.1 cr	29 Dec, 2023
Small Industries Development Bank of India	4.3 cr	06 Dec, 2023
HDFC Bank Limited	0.3 cr	29 May, 2023
HDFC Bank Limited	0.1 cr	27 Apr, 2023
HDFC Bank Limited	0.3 cr	27 Apr, 2023
HDFC Bank Limited	14.5 cr	12 Sep, 2022
HDFC Bank Limited	1.0 cr	01 Feb, 2022
Canara Bank	0.1 cr	28 Jun, 2019
SOUTH INDIAN BANK LTD	8.3 cr	27 Mar, 2018

Charges

HDFC Bank Limited

Canara Bank

Bank of Baroda

STCI FINANCE LIMITED

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
NOVOSYNTH RESEARCH LABS PRIVATE LIMITED	Strike Off	3.5 L	1	Karnataka
SANJAY GEMS PVT LTD	Strike Off	1.1 L	1	Maharashtra
LEGEND SIROYA INFRASTRUCTURE PRIVATE LIMITED	Strike Off	1.0 L	1	Maharashtra
KAUNSHYA INVESTMENTS PRIVATE LIMITED	Active	81.0 L	1	Karnataka
SIROYA PROPERTIES & HOLDINGS PRIVATE LIMITED	Under Process of Striking Off	1.0 L	1	Karnataka
BAL RESEARCH FOUNDATION	Active	10.0 L	2	Karnataka
LIFEZEN HEALTHCARE PRIVATE LIMITED	Active	2.0 Cr	2	Karnataka
SIROYA BUILDERS & REAL ESTATES PRIVATE LIMITED	Under Process of Striking Off	1.0 L	1	Karnataka
BASAV CHEM LIMITED	Amalgamated	10.0 L	1	Karnataka
AURUM RESEARCH & ANALYTICAL SOLUTIONS PRIVATE LIMITED	Active	1.0 L	1	Karnataka
GROW INDIA FINANCIAL ADVISORS LLP	Strike Off	1.0 L	1	Karnataka
BALANCE CLINICS LLP	Active	10.0 L	2	Karnataka
GOLDEN DRUGS PRIVATE LIMITED	Active	3.6 Cr	2	Karnataka
MEGANZA PHARMA LLP	Active	50,000.0	1	Karnataka
SRUSHTI PHARMACEUTICALS PRIVATE LIMITED	Active	6.8 L	1	Karnataka
MRO-TEK REALTY LIMITED	Active	9.3 Cr	2	Karnataka
WILDCRAFT INDIA LIMITED	Active	55.7 Cr	1
ISG NOVASOFT TECHNOLOGIES LIMITED	Active	36.2 Cr	1	Karnataka
RED SUN DIAMONDS IMPEX PRIVATE LIMITED	Strike Off	1.0 L	1	Karnataka
RED SUN INFORMATION TECHNOLOGIES PRIVATE LIMITED	Active	1.0 L	1	Karnataka
LIFE SCIENCE TECH KVALITO INDIA PRIVATE LIMITED	Active	1.0 L	1

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
LIFEZEN HEALTHCARE PRIVATE LIMITED	Karnataka	2014	₹ 2.0 Cr
BAL RESEARCH FOUNDATION	Karnataka	2014	₹ 10.0 L
BALANCE CLINICS LLP	India	-	-
GOLDEN DRUGS PRIVATE LIMITED	Karnataka	2012	₹ 3.6 Cr

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CIN

L85110KA1987PLC008368

PAN

AABCB0512E

Incorporation

1987, 38.2 years

Company Email

secretarial@balpharma.com

Paid up Capital

₹ 15.9 Cr

Authorised Capital

₹ 24.5 Cr

AGM

Sep 2024

Type

Public

Others

FAQ - BAL PHARMA LIMITED

What is the incorporation date of BAL PHARMA LIMITED?

The incorporation date of BAL PHARMA LIMITED is 19 May, 1987

What is the authorized share capital of BAL PHARMA LIMITED?

The authorized share capital of BAL PHARMA LIMITED is INR ₹ 24.5 Cr.

What is the paid-up capital of BAL PHARMA LIMITED?

The paid-up capital of BAL PHARMA LIMITED is INR ₹ 15.9 Cr.

What is the registered address of BAL PHARMA LIMITED?

The registered address of BAL PHARMA LIMITED is 21-22, BOMMASANDRA, INDUSTRIAL AREA, Bommasandra Industrial Estate, Bangalore, Bangalore South, Karnataka, India, 560099 - 560099

What is the CIN number of BAL PHARMA LIMITED?

The CIN number of BAL PHARMA LIMITED is L85110KA1987PLC008368.

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