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Covalent Laboratories
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Registered Details

COVALENT LABORATORIES PRIVATE LIMITED

All Companies ›

Telangana ›

Manufacturing of Chemical Products ›

Active

Updated: 12 Jun 2026

Covalent Laboratories Private Limited is an pharmaceutical company focused on the research, development, and manufacturing of therapeutic products. It provides a range of services including formulation development, process optimization, and analytical testing, catering to the needs of both domestic and international markets.

Covalent Laboratories Private Limited, is an unlisted private company incorporated on 13 September, 2002. It is classified as a private limited company and is located in , Telangana. It's authorized share capital is INR 20.00 cr and the total paid-up capital is INR 6.00 cr.

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Industry and products

Manufacturing of Pharmaceuticals

Cefditoren Pivoxil, Cefpirome sulphate sterile, Cefepime Hydrochloride Sterile, Cefuroxime Axetil DC, Cefcapene Pivoxil Hydrochloride, Ceftibuten Hydrate, Ceftibiprole, Cefixime, Ceftriaxone Sodium Sterile, Cefdinir, Cefotaxime Sodium Sterile, Cefcapene Pivoxil Sterile, Cefuroxime Sodium Sterile, Cefoperazone Sodium Sterile, Cefuroxime Axetil Amorphous, Cefpirome for Inj, Cefprozil, Cefpodoxime Proxetil, Cefepime for Injection Sterile

Company size

Auth Capital

₹ 20.0 Cr

Paidup Capital

₹ 6.0 Cr

Revenue

₹ 2500-2750 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

-8.15%

₹ 2,693.2

EBITDA

-11.94%

₹ 262.9

Net Profit

-15.5%

₹ 174.4

Networth

25.9%

₹ 847.4

Borrowings

-28.33%

₹ 65.6

Assets

3.53%

₹ 1,566.3

Gross Margin

-0.5

22.8 %

Operating Margin

-0.41

9.8 %

Net Profit Margin

-0.56

6.5 %

Return on Equity

-10.08

20.6 %

ROCE

-12.69

26.5 %

Debt to Equity

-0.06

0.1

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (7)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Prasanth Nandigala Shareholder	01740471	23 years
Managing Director	Madireddy Narayana Reddy Shareholder	00123201	24 years
Whole-time Director	Maddireddy Vijaykiran Shareholder	01095484	24 years
Additional Director	Mundla Maha Vishnu	02470664	2 years
Whole-time Director	Abhinav Reddy Nandigala	10362886	3 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	1,465.7	1,802.0	2,217.0	2,916.1	2,675.8
Operating profit	131.7	97.9	80.0	298.6	262.9
Net profit	73.0	52.5	35.0	206.4	174.4
Gross margin	24.3	18.6	17.6	23.2	22.8
Operating margin	9.0	5.4	3.6	10.2	9.8
Net margin	4.9	2.9	1.6	7.0	6.5
Networth	379.1	431.8	466.8	673.0	847.4
Borrowings	147.0	145.3	126.4	91.6	65.6
Assets	912.9	1,040.3	1,282.9	1,512.8	1,566.3
Debt to equity	0.4	0.3	0.3	0.1	0.1
Current ratio	1.3	1.4	1.3	1.5	1.7
ROE	19.3	12.2	7.5	30.7	20.6
Days payable	117.0	103.0	133.0	113.0	106.0
WC days	39.0	44.0	40.0	52.0	67.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	6.0	6.0	6.0	6.0	6.0
Reserves	373.1	425.8	460.8	667.0	841.4
Borrowings +	147.0	145.3	126.4	91.6	65.6
Long term borrowings	20.7	14.9	10.3	17.6	13.7
Short term borrowings	126.3	130.5	116.2	74.0	51.9
Trade payables +	356.9	415.0	664.0	691.6	602.0
Days payable	117.0	103.0	133.0	113.0	106.0
Other liabilities +	29.8	48.1	25.7	56.6	51.2
Other non-current liabilities	11.6	11.0	9.6	8.4	6.3
Other current liabilities	18.3	37.1	16.1	48.1	45.0
Total liabilities	912.9	1,040.3	1,282.9	1,512.8	1,566.3
Fixed Assets +	236.9	221.2	232.2	273.3	353.9
Tangible assets	236.7	212.7	190.8	254.2	295.4
CWIP	-	8.3	41.2	19.0	58.3
Intangible assets	0.2	0.1	0.1	-	-
LT loans and advances	-	-	-	-	-
Other non-current assets	18.4	21.3	12.8	13.3	18.8
Current assets +	657.5	797.8	1,038.0	1,226.2	1,193.6
Inventories	192.9	180.2	187.6	215.9	338.5
Trade receivables	401.9	592.7	703.5	885.7	756.6
Cash and cash equivalents	10.2	7.0	73.7	46.9	51.5
ST loans and advances	-	0.1	0.1	0.2	0.2
Other current assets	52.4	17.8	73.0	77.6	46.8
Total assets	912.9	1,040.3	1,282.9	1,512.8	1,566.3

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.66	0.58	0.47	0.4	0.38
Reserves	40.87	40.93	35.92	44.09	53.72
Borrowings +	16.11	13.97	9.85	6.05	4.19
Long term borrowings	2.27	1.43	0.8	1.16	0.88
Short term borrowings	13.84	12.54	9.05	4.89	3.31
Trade payables	39.09	39.9	51.75	45.72	38.44
Other liabilities +	3.27	4.63	2.0	3.74	3.27
Other non-current liabilities	1.27	1.06	0.75	0.56	0.4
Other current liabilities	2.0	3.57	1.25	3.18	2.87
Total liabilities
Fixed Assets +	25.95	21.26	18.1	18.07	22.59
Tangible assets	25.93	20.45	14.88	16.81	18.86
CWIP	0.0	0.8	3.21	1.26	3.72
Intangible assets	0.02	0.01	0.01	0.01	0.0
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	2.02	2.04	1.0	0.88	1.2
Current assets +	72.03	76.69	80.91	81.05	76.21
Inventories	21.13	17.32	14.63	14.27	21.61
Trade receivables	44.03	56.97	54.84	58.54	48.3
Cash and cash equivalents	1.12	0.68	5.74	3.1	3.29
ST loans and advances	0.01	0.01	0.01	0.01	0.01
Other current assets	5.74	1.71	5.69	5.13	2.99
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	1,465.7	1,802.0	2,217.0	2,916.1	2,675.8
Sales growth %	-4.56	22.94	23.03	31.53	-8.24
Expenses +	1,377.3	1,741.6	2,175.7	2,654.3	2,458.2
Cost of goods	1,109.8	1,467.8	1,828.0	2,238.1	2,067.0
Employee cost	40.2	43.9	44.9	87.2	89.2
Other costs	184.1	192.4	264.2	292.2	256.7
Operating profit +	131.7	97.9	80.0	298.6	262.9
Operating margin %	9.0	5.4	3.6	10.2	9.8
Other income	10.8	10.6	9.0	16.2	17.5
Interest	11.4	8.5	12.4	7.1	7.5
Depreciation	31.8	29.1	26.2	29.7	37.9
Exceptional items	-	-	-	-	-
Profit before tax	99.2	70.9	50.3	278.0	235.1
Tax	26.2	18.4	15.2	71.6	60.6
Profit - disc. ops	-	-	-	-	-
Net profit	73.0	52.5	35.0	206.4	174.4
Net margin %	4.9	2.9	1.6	7.0	6.5

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	99.27	99.42	99.6	99.45	99.35
Expenses +	93.28	96.09	97.74	90.52	91.27
Cost of goods	75.16	80.98	82.12	76.33	76.75
Employee cost	2.72	2.42	2.02	2.97	3.31
Other costs	12.47	10.61	11.87	9.97	9.53
Operating profit	8.92	5.4	3.59	10.18	9.76
Other income	0.73	0.58	0.4	0.55	0.65
Interest	0.77	0.47	0.56	0.24	0.28
Depreciation	2.16	1.6	1.18	1.01	1.41
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	6.72	3.91	2.26	9.48	8.73
Tax	1.78	1.02	0.68	2.44	2.25
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	4.94	2.9	1.57	7.04	6.48

Revenue from operations

Ratios

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.4	0.3	0.3	0.1	0.1
Net Debt/Equity	0.4	0.3	0.1	0.1	0.0
Total Debt/Assets	0.2	0.1	0.1	0.1	0.0
Total Assets/Equity	2.4	2.4	2.8	2.2	1.9
Liquidity +
Current Ratio	1.3	1.4	1.3	1.5	1.7
Quick Ratio	0.9	1.1	1.1	1.2	1.2
Interest Coverage	11.5	11.6	6.4	42.0	35.1
Performance
Gross Margin	24.3	18.6	17.6	23.2	22.8
Operating Margin	9.0	5.4	3.6	10.2	9.8
Net Margin	4.9	2.9	1.6	7.0	6.5
Return +
Return on Equity	19.3	12.2	7.5	30.7	20.6
Pre-tax ROCE	25.4	15.8	11.3	39.2	26.5
Return on Assets	8.0	5.0	2.7	13.7	11.1
Pre-tax ROIC	19.4	12.1	10.3	37.5	26.1
Efficiency +
Days Payable	117.0	103.0	133.0	113.0	106.0
Days Inventory	63.0	45.0	37.0	35.0	60.0
Days Receivable	100.0	120.0	116.0	111.0	103.0
Fixed Asset Turnover	6.2	8.2	9.6	10.7	7.6
Total Asset Turnover	1.6	1.7	1.7	1.9	1.7
Working Capital
Cash Conversion Cycle	46.0	62.0	20.0	33.0	57.0
Working Capital Days	39.0	44.0	40.0	52.0	67.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

RBL Bank Limited

No. of Loans: 1

Total Amount : 285.0 cr

CitiBank N.A.

No. of Loans: 2

Total Amount : 230.0 cr

State Bank of India

No. of Loans: 1

Total Amount : 196.2 cr

HDFC Bank Limited

No. of Loans: 1

Total Amount : 63.0 cr

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

Charge Holder	Amount	Date of creation/modification
RBL Bank Limited	285.0 cr	31 Jul, 2025
CitiBank N.A.	200.0 cr	03 Jul, 2025
CitiBank N.A.	30.0 cr	31 Jul, 2023
Kotak Mahindra Bank Limited	50.0 cr	20 Oct, 2021
HDFC Bank Limited	63.0 cr	15 Jul, 2021
State Bank of India	196.2 cr	30 Jun, 2016

Charges

RBL Bank Limited

CitiBank N.A.

State Bank of India

HDFC Bank Limited

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
CYCLIC LIFE SCIENCES PRIVATE LIMITED	Active	10.0 L	1	Telangana
SV'S REMEDIES LIMITED	Amalgamated	12.2 Cr	2	Telangana
CEPH LIFESCIENCES PRIVATE LIMITED	Active	50.0 Cr	5	Telangana
SIRI DRUGS INDIA PRIVATE LIMITED	Amalgamated	7.3 Cr	2	Andhra Pradesh
POKARNA LIMITED	Active	6.2 Cr	1	Telangana
POKARNA ENGINEERED STONE LIMITED	Active	4.2 Cr	1	Telangana
SARACA LABORATORIES LIMITED	Active	8.0 Cr	2	Telangana
ANDHRA ORGANICS LIMITED	Active	4.5 Cr	2	Telangana
IMEX ENGINEERING CO PVT LTD	Active	39.6 L	1	Telangana
VIRCHOW DRUGS LIMITED	Active	12.2 Cr	2	Telangana
VIRCHOW PETROCHEMICAL PRIVATE LIMITED	Active	2.8 Cr	3	Telangana
VIRCHOW LABORATORIES LIMITED	Active	73.2 L	2	Telangana
VIRCHOW BIOTECH PRIVATE LIMITED	Active	17.0 Cr	2	Telangana
EMMENNAR CHEM PRIVATE LIMITED	Amalgamated	5.0 Cr	1	Telangana
SV REAL HOLDINGS PRIVATE LIMITED	Active	3.4 Cr	1	Telangana
PISTA MOTOR RACEWAY LLP	Active	1.0 L	1	Telangana
AARNA & AKSHAJ INDUSTRIES PRIVATE LIMITED	Active	1.0 L	1	Telangana
EMMENNAR PHARMA CONTAINERS PRIVATE LIMITED	Active	1.4 Cr	1	Telangana
AZICO PHARMACEUTICALS PRIVATE LIMITED	Active	14.4 L	1	Telangana
ALITHIA PHARMACEUTICALS PRIVATE LIMITED	Active	14.4 L	1	Telangana
SYNAC PHARMACEUTICALS PRIVATE LIMITED	Active	14.4 L	1	Telangana
EMNAR PHARMA PRIVATE LIMITED	Active	19.9 Cr	1	Telangana

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
SV'S REMEDIES LIMITED	India	-	-

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW CASH BALANCE

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U24230TG2002PTC039606

PAN

AABCC9544R

Incorporation

2002, 23.8 years

Company Email

FINANCE@COVALENTLAB.COM

Paid up Capital

₹ 6.0 Cr

Authorised Capital

₹ 20.0 Cr

AGM

Sep 2024

Type

Private

Others

FAQ - COVALENT LABORATORIES PRIVATE LIMITED

What is the incorporation date of COVALENT LABORATORIES PRIVATE LIMITED?

The incorporation date of COVALENT LABORATORIES PRIVATE LIMITED is 13 September, 2002

What is the authorized share capital of COVALENT LABORATORIES PRIVATE LIMITED?

The authorized share capital of COVALENT LABORATORIES PRIVATE LIMITED is INR ₹ 20.0 Cr.

What is the paid-up capital of COVALENT LABORATORIES PRIVATE LIMITED?

The paid-up capital of COVALENT LABORATORIES PRIVATE LIMITED is INR ₹ 6.0 Cr.

What is the registered address of COVALENT LABORATORIES PRIVATE LIMITED?

The registered address of COVALENT LABORATORIES PRIVATE LIMITED is D.NO.8-3-677/18,S.K.D.NAGAR, YELLAREDDYGUDA, HYDERABAD., Telangana, India, 500073 - 500073

What is the CIN number of COVALENT LABORATORIES PRIVATE LIMITED?

The CIN number of COVALENT LABORATORIES PRIVATE LIMITED is U24230TG2002PTC039606.

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