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MACLEODS PHARMACEUTICALS LTD

www.macleodspharma.com
Active
Updated: 25 Feb 2026

Macleods Pharmaceuticals Ltd is a global pharmaceutical company that specializes in developing, manufacturing, and marketing a comprehensive range of generic and branded medications. It offers a diverse portfolio of high-quality products across various therapeutic categories, including anti-infectives, cardiovascular, and central nervous system, focusing on improving patient outcomes and accessibility to essential medicines.

Macleods Pharmaceuticals Ltd, is an unlisted public company incorporated on 05 June, 1989. It is classified as a public limited company and is located in , Maharashtra. It's authorized share capital is INR 65.00 cr and the total paid-up capital is INR 64.87 cr.

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Subscription Plans
Industry and products
Manufacturing of Pharmaceuticals
  • bi-layered, and enteric coated tablets; hard and soft gelatin capsules, coated, uncoated, dispersible
Company size
Auth Capital
₹ 65.0 Cr
Paidup Capital
₹ 64.9 Cr
Revenue
₹ >5000 cr
# Key metrics of Macleods Pharmaceuticals Ltd - All rupee values in INR crores. Based on March 2025 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 65.0 Cr | | | Paidup Capital | ₹ 64.9 Cr | | | Revenue | ₹ >5000 cr | | | Total Revenue | ₹9,308.1 | 4.91% | | EBITDA | ₹2,246.2 | 7.27% | | Net Profit | ₹2,276.4 | 11.25% | | Networth | ₹11,222.0 | 25.5% | | Borrowings | ₹325.2 | 50.37% | | Assets | ₹13,354.0 | 25.07% | | Gross Margin | 67.2% | 1.41 | | Operating Margin | 25.0% | -0.15 | | Net Profit Margin | 24.5% | 1.4 | | Return on Equity | 20.3% | -2.6 | | ROCE | 24.8% | -7.34 | | Debt to Equity | 0.0 | 0.01 |
Key Metrics

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

Total Revenue
4.91%
₹ 9,308.1
EBITDA
7.27%
₹ 2,246.2
Net Profit
11.25%
₹ 2,276.4
Networth
25.5%
₹ 11,222.0
Borrowings
50.37%
₹ 325.2
Assets
25.07%
₹ 13,354.0
Gross Margin
1.41
67.2 %
Operating Margin
-0.15
25.0 %
Net Profit Margin
1.4
24.5 %
Return on Equity
-2.6
20.3 %
ROCE
-7.34
24.8 %
Debt to Equity
0.01
0.0
Sales
Mar 2025
Net worth
Mar 2025

Locations

indian flag India (55)
State Type Address

location icon Locations on Map

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People

Designation Name DIN/PAN Tenure
Managing Director Banwarilal Murlidhar Bawri
Shareholder
00017795 37 years
Director Girdharilal Murlidhar Bawri
Shareholder
00034197 36 years
Director Mihir Bipin Shah 07586469 10 years
Director Arvind Sadashiv Mokashi 09305967 4 years
Director Vinita Mayur Danait 00216529 4 years
Managing Director Rajendra Murlidhar Agarwal
Shareholder
00034224 37 years

Financial Highlights

** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales 7,174.2 7,462.7 7,813.3 8,333.2 8,991.4
Operating profit 2,408.3 1,559.0 1,431.3 2,094.0 2,246.2
Net profit 2,164.1 1,167.2 1,475.4 2,046.2 2,276.4
Gross margin 69.1 62.4 62.6 65.8 67.2
Operating margin 33.6 20.9 18.3 25.1 25.0
Net margin 27.9 15.4 18.4 23.1 24.5
Networth 10,293.6 5,413.3 6,900.2 8,941.9 11,222.0
Borrowings 113.1 78.1 127.3 216.3 325.2
Assets 11,700.6 6,975.9 8,695.7 10,677.5 13,354.0
Debt to equity 0.0 0.0 0.0 0.0 0.0
Current ratio 7.6 2.7 3.3 4.0 4.6
ROE 21.0 21.6 21.4 22.9 20.3
Days payable 86.0 70.0 74.0 60.0 66.0
WC days 339.0 108.0 162.0 178.0 244.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 20.0 59.9 59.9 64.9 64.9
Reserves 10,273.6 5,353.4 6,840.3 8,877.0 11,157.1
Borrowings + 113.1 78.1 127.3 216.3 325.2
Long term borrowings 33.4 - - - -
Short term borrowings 79.7 78.1 127.3 216.3 325.2
Trade payables + 522.9 536.7 592.3 467.4 537.4
Days payable 86.0 70.0 74.0 60.0 66.0
Other liabilities + 771.0 947.8 1,075.9 1,051.9 1,269.4
Other non-current liabilities 369.8 237.8 258.3 400.4 457.8
Other current liabilities 401.1 710.1 817.6 651.4 811.6
Total liabilities 11,700.6 6,975.9 8,695.7 10,677.5 13,354.0
Fixed Assets + 1,888.0 1,833.9 1,834.6 1,940.2 2,342.1
Tangible assets 1,617.9 1,495.0 1,637.6 1,598.0 1,802.6
CWIP 264.4 334.3 189.9 287.4 526.7
Intangible assets 5.7 4.5 7.1 54.8 12.8
LT loans and advances 9.9 9.0 31.9 24.9 8.4
Other non-current assets 2,135.7 1,597.3 1,818.4 3,309.9 3,306.7
Current assets + 7,667.0 3,535.7 5,010.8 5,402.5 7,696.9
Inventories 1,155.2 1,542.7 1,239.2 1,412.1 1,478.4
Trade receivables 1,645.0 1,260.0 1,126.3 1,234.0 1,489.8
Cash and cash equivalents 155.0 17.8 47.1 33.7 34.1
ST loans and advances 0.4 0.3 0.5 0.6 0.8
Other current assets 4,711.4 715.0 2,597.7 2,722.1 4,693.8
Total assets 11,700.6 6,975.9 8,695.7 10,677.5 13,354.0
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales + 7,174.2 7,462.7 7,813.3 8,333.2 8,991.4
Sales growth % 8.87 4.02 4.7 6.65 7.9
Expenses + 4,898.0 6,071.0 6,559.3 6,414.6 6,926.6
Cost of goods 2,218.0 2,806.1 2,919.5 2,852.1 2,951.2
Employee cost 1,247.3 1,497.5 1,578.1 1,651.2 1,742.1
Other costs 1,300.5 1,600.1 1,884.3 1,735.9 2,051.8
Operating profit + 2,408.3 1,559.0 1,431.3 2,094.0 2,246.2
Operating margin % 33.6 20.9 18.3 25.1 25.0
Other income 587.7 126.2 213.3 539.0 316.7
Interest 24.7 10.8 7.4 11.6 8.5
Depreciation 107.4 156.6 169.9 163.9 172.9
Exceptional items - - - - -
Profit before tax 2,863.9 1,517.8 1,467.4 2,457.5 2,381.5
Tax 699.8 350.6 -8.0 411.3 105.1
Profit - disc. ops - - - - -
Net profit 2,164.1 1,167.2 1,475.4 2,046.2 2,276.4
Net margin % 27.9 15.4 18.4 23.1 24.5
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Solvency +
Total Debt/Equity 0.0 0.0 0.0 0.0 0.0
Net Debt/Equity 0.0 0.0 0.0 0.0 0.0
Total Debt/Assets 0.0 0.0 0.0 0.0 0.0
Total Assets/Equity 1.1 1.3 1.3 1.2 1.2
Liquidity +
Current Ratio 7.6 2.7 3.3 4.0 4.6
Quick Ratio 6.5 1.5 2.5 3.0 3.7
Interest Coverage 97.5 144.2 192.6 180.3 263.0
Performance
Gross Margin 69.1 62.4 62.6 65.8 67.2
Operating Margin 33.6 20.9 18.3 25.1 25.0
Net Margin 27.9 15.4 18.4 23.1 24.5
Return +
Return on Equity 21.0 21.6 21.4 22.9 20.3
Pre-tax ROCE 26.9 34.7 23.8 32.1 24.8
Return on Assets 18.5 16.7 17.0 19.2 17.1
Pre-tax ROIC 22.4 25.6 18.1 21.1 18.0
Efficiency +
Days Payable 86.0 70.0 74.0 60.0 66.0
Days Inventory 190.0 201.0 155.0 181.0 183.0
Days Receivable 84.0 62.0 53.0 54.0 60.0
Fixed Asset Turnover 3.8 4.1 4.3 4.3 3.8
Total Asset Turnover 0.6 1.1 0.9 0.8 0.7
Working Capital
Cash Conversion Cycle 188.0 193.0 134.0 175.0 177.0
Working Capital Days 339.0 108.0 162.0 178.0 244.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

State Bank of India

No. of Loans: 1

Total Amount : 299.7 cr

2

Standard Chartered Bank

No. of Loans: 1

Total Amount : 71.5 cr

3

HDFC Bank Limited

No. of Loans: 1

Total Amount : 59.9 cr

4

Axis Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

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Charges

State Bank of India
Standard Chartered Bank
HDFC Bank Limited
Axis Bank Limited

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
AGARWAL HOLDINGS PRIVATE LIMITED
Active
20.0 Cr 4 Maharashtra
MACLEODS LABORATORIES PRIVATE LIMITED
Active
1.2 L 2 Maharashtra
KALYANKRIT INDUSTRIES PRIVATE LIMITED
Active
50.0 L 3 Maharashtra
AGARWAL HOLDINGS PRIVATE LIMITED
Active
20.0 Cr 4
EAST AND WEST CLOTHING PRIVATE LIMITED
Active
15.0 L 2 Maharashtra
RATNIDEVI MURLIDHAR BAWRI SOCIAL WELFARE FOUNDATION
Active
1.0 L 2 Maharashtra
KAN CONSULTANCY SOLUTIONS PRIVATE LIMITED
Strike Off
7.5 L 1 Maharashtra
PMEA SOLAR SYSTEMS PRIVATE LIMITED
Active
10.5 Cr 1 Maharashtra
PMEA SOLAR TECH SOLUTIONS LIMITED
Active
112.4 Cr 1 Maharashtra
INDIA DEBT RESOLUTION COMPANY LIMITED
Active
20.0 Cr 1 Maharashtra

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
Macleods Pharma Espana S L U, Spain Spain - -
Macleods Pharmaceuticals, LLC, Ukraine Ukraine - -
Macleods Pharmaceuticals SA (Pty.) Ltd., South Africa South Africa - -
Macleods Pharma USA INC., USA United States - -
Macleods Pharma UK Ltd., UK United Kingdom - -
Makmed LLC Russian Federation - -
Oxus Pharma Ltd Nigeria - -
Macleods Pharmaceuticals Philippines,inc Philippines - -
Macleods Pharmaceuticals SDN BHD Malaysia - -
Macleods Pharmaceuticals Philippines inc Philippines - -

Tofler Score

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Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • HIGH INVENTORY
  • ROCE DETERIORATING
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.

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Registered Details

CIN

U24239MH1989PLC052049

PAN

AAACM4100C

Incorporation

1989, 36.9 years

Company Email

roc[at]macleodspharma[dot]com

Paid up Capital

₹ 64.9 Cr

Authorised Capital

₹ 65.0 Cr

AGM

Sep 2024

Type

Public
Others

FAQ - MACLEODS PHARMACEUTICALS LTD

What is the incorporation date of MACLEODS PHARMACEUTICALS LTD?

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The incorporation date of MACLEODS PHARMACEUTICALS LTD is 05 June, 1989

What is the authorized share capital of MACLEODS PHARMACEUTICALS LTD?

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The authorized share capital of MACLEODS PHARMACEUTICALS LTD is INR ₹ 65.0 Cr.

What is the paid-up capital of MACLEODS PHARMACEUTICALS LTD?

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The paid-up capital of MACLEODS PHARMACEUTICALS LTD is INR ₹ 64.9 Cr.

What is the registered address of MACLEODS PHARMACEUTICALS LTD?

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The registered address of MACLEODS PHARMACEUTICALS LTD is 304, ATLANTA ARCADE, MAROL CHURCH ROAD, ANDHERI (EAST), MUMBAI, Maharashtra, India, 400059 - 400059

What is the CIN number of MACLEODS PHARMACEUTICALS LTD?

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The CIN number of MACLEODS PHARMACEUTICALS LTD is U24239MH1989PLC052049.

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