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MICRO LABS LIMITED

www.microlabsltd.com
Active
Updated: 30 Oct 2024

The company researches, develops, manufactures, sells and distributes pharmaceutical products.

Micro Labs Limited, is an unlisted public company incorporated on 07 September, 1973. It is classified as a public limited company and is located in Bangalore, Karnataka. It's authorized share capital is INR 34.00 cr and the total paid-up capital is INR 24.36 cr.

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Industry

Manufacturing of Pharmaceuticals
Products
  • gynecology, ophthalmology, orthopedic, general surgery, neuro psychiatry, and topicals to injectables in pediatric, arrhythmias, ENT, metabolic syndrome, diabetology, oral solids and liquids, hospital acquired infection, cardio diabetic, and veterinary areas., hypertension, dermatology, dental, gastro, dyslipidemias, neurology
Key Metrics

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

Sales
15.24%
₹ 5,991.1
EBITDA
31.61%
₹ 1,655.9
Net Profit
9.49%
₹ 1,171.4
Networth
18.06%
₹ 7,791.4
Borrowings
56.02%
₹ 688.7
Assets
19.65%
₹ 9,455.5
Gross Margin
0.77
67.3 %
Operating Margin
3.44
27.6 %
Net Profit Margin
-1.06
19.3 %
Return on Equity
-1.18
15.0 %
ROCE
2.25
26.8 %
Debt to Equity
0.02
0.1
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (42)
State Type Address

location icon Locations on Map

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Tofler Score

Excellent
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • HIGH INVENTORY
  • NET MARGIN 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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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 3,624.6 4,038.4 4,801.0 5,198.6 5,991.1
Operating profit 785.3 1,109.3 1,259.7 1,258.1 1,655.9
Net profit 557.3 1,104.2 1,294.4 1,069.8 1,171.4
Gross margin 64.2 65.7 65.7 66.5 67.3
Operating margin 21.7 27.5 26.2 24.2 27.6
Net margin 15.2 27.0 26.6 20.4 19.3
Networth 3,524.7 4,648.1 5,542.6 6,599.6 7,791.4
Borrowings 844.5 576.3 508.9 441.4 688.7
Assets 5,210.4 5,980.1 6,895.4 7,902.9 9,455.5
Debt to equity 0.2 0.1 0.1 0.1 0.1
Current ratio 2.4 3.4 3.1 3.6 3.6
ROE 15.8 23.8 23.4 16.2 15.0
Days payable 178.0 155.0 160.0 149.0 137.0
WC days 227.0 266.0 206.0 231.0 247.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 25.2 25.2 24.4 24.4 24.0
Reserves 3,499.5 4,622.9 5,518.2 6,575.3 7,767.4
Borrowings + 844.5 576.3 508.9 441.4 688.7
Long term borrowings 75.3 40.3 19.9 - -
Short term borrowings 769.2 536.0 489.0 441.4 688.7
Trade payables + 633.5 586.0 720.8 711.5 738.2
Days payable 178.0 155.0 160.0 149.0 137.0
Other liabilities + 841.2 755.7 843.9 861.8 975.4
Other non-current liabilities 43.0 46.8 49.1 59.8 83.2
Other current liabilities 164.7 122.9 73.9 90.5 154.0
Total liabilities 5,210.4 5,980.1 6,895.4 7,902.9 9,455.5
Fixed Assets + 952.2 971.8 1,019.3 1,211.1 1,462.3
Tangible assets 778.0 786.6 909.3 977.5 1,392.4
CWIP 169.9 182.4 107.9 224.6 62.1
Intangible assets 4.3 2.8 2.1 9.1 7.8
LT loans and advances 112.9 190.1 267.3 211.9 154.7
Other non-current assets 322.6 627.6 1,611.5 1,945.9 2,210.2
Current assets + 3,822.6 4,190.7 3,997.4 4,533.9 5,628.3
Inventories 735.0 855.7 917.8 954.3 1,085.0
Trade receivables 1,217.5 1,187.2 1,384.2 1,713.6 1,930.5
Cash and cash equivalents 127.7 599.5 107.1 303.6 253.2
ST loans and advances 703.0 719.8 942.4 1,047.1 1,752.4
Other current assets 1,039.5 828.6 645.9 515.4 607.1
Total assets 5,210.4 5,980.1 6,895.4 7,902.9 9,455.5
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 3,624.6 4,038.4 4,801.0 5,198.6 5,991.1
Sales growth % 17.26 11.42 18.88 8.28 15.24
Expenses + 2,999.8 3,081.2 3,681.1 4,106.6 4,537.5
Cost of goods 1,296.3 1,383.6 1,649.0 1,740.4 1,959.5
Employee cost 574.7 576.6 680.7 831.5 904.4
Other costs 968.2 968.9 1,211.6 1,368.5 1,471.3
Operating profit + 785.3 1,109.3 1,259.7 1,258.1 1,655.9
Operating margin % 21.7 27.5 26.2 24.2 27.6
Other income 37.2 44.9 69.3 50.8 73.4
Interest 42.1 22.9 8.2 14.3 24.6
Depreciation 118.4 129.1 131.6 151.8 177.7
Exceptional items - 345.8 - 193.2 -
Profit before tax 661.9 1,348.0 1,189.2 1,336.0 1,527.0
Tax 104.6 243.7 -105.2 266.2 355.6
Profit - disc. ops - - - - -
Net profit 557.3 1,104.2 1,294.4 1,069.8 1,171.4
Net margin % 15.2 27.0 26.6 20.4 19.3
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.2 0.1 0.1 0.1 0.1
Net Debt/Equity 0.2 0.0 0.1 0.0 0.1
Total Debt/Assets 0.2 0.1 0.1 0.1 0.1
Total Assets/Equity 1.5 1.3 1.2 1.2 1.2
Liquidity +
Current Ratio 2.4 3.4 3.1 3.6 3.6
Quick Ratio 2.0 2.7 2.4 2.9 2.9
Interest Coverage 18.6 48.4 154.1 88.1 67.4
Performance
Gross Margin 64.2 65.7 65.7 66.5 67.3
Operating Margin 21.7 27.5 26.2 24.2 27.6
Net Margin 15.2 27.0 26.6 20.4 19.3
Return +
Return on Equity 15.8 23.8 23.4 16.2 15.0
Pre-tax ROCE 20.8 25.0 30.2 24.6 26.8
Return on Assets 10.7 18.5 18.8 13.5 12.4
Pre-tax ROIC 15.7 21.1 19.0 16.4 18.0
Efficiency +
Days Payable 178.0 155.0 160.0 149.0 137.0
Days Inventory 207.0 226.0 203.0 200.0 202.0
Days Receivable 123.0 107.0 105.0 120.0 118.0
Fixed Asset Turnover 3.8 4.2 4.7 4.3 4.1
Total Asset Turnover 0.7 0.7 0.7 0.7 0.6
Working Capital
Cash Conversion Cycle 152.0 178.0 148.0 171.0 183.0
Working Capital Days 227.0 266.0 206.0 231.0 247.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 3

Total Amount : 889.1 cr

2

Canara Bank

No. of Loans: 1

Total Amount : 250.0 cr

3

Standard Chartered Bank

No. of Loans: 1

Total Amount : 150.0 cr

4

DBS Bank Limited

No. of Loans: 1

Total Amount : 100.0 cr

5

CitiBank N.A.

No. of Loans: 2

Total Amount : 80.0 cr

6

ABN Amro Bank N.V.

No. of Loans: 1

Total Amount : 55.0 cr

7

State Bank of Mysore

No. of Loans: 4

Total Amount : 9.9 cr

8

City Union Bank Limited

No. of Loans: 1

Total Amount : 5.0 cr

9

Central Bank of India

No. of Loans: 3

Total Amount : 0.8 cr

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Charges

The Hongkong and Shanghai Banking Corporation Limited
Canara Bank
Standard Chartered Bank
DBS Bank Limited
Others

People

Designation Name DIN/PAN Tenure
Managing Director Dilip Surana
Shareholder
00083030 31 years
Whole-time Director Anand Surana
Shareholder
00192343 15 years
Director Pramod Kumar Shantilal 00719828 1 years
Director Jain Namrata 00995817 1 years
CFO Badarinath Krishtachary Ibrampur <HIDDEN> 11 years
Kmp Veeravenkata Satya Vara Prasadu Mullapudi <HIDDEN> 1 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
BAHL AND COMPANY PRIVATE LIMITED
Active
1.7 Cr 2 Karnataka
VNURTURE HEALTHCARE SOFTWARE SOLUTIONS PRIVATE LIMITED
Active
5.2 L 2 Karnataka
JAIN INTERNATIONAL TRADE ORGANISATION
Active
0.0 1 Maharashtra
MICRO INFRASTRUCTURE INDIA PRIVATE LIMITED
Active
6.3 Cr 2 Karnataka
STERN CHEMPHARM LLP
Active
5.0 Cr 1 Karnataka
ROLLER FLOUR MILLERS FEDERATION OF INDIA.
Active
0.0 1 Delhi
KITHUR CHANNAMMA ROLLER FLOUR MILLS PRIVATE LIMITED
Converted to LLP and Dissolved
10.0 L 1 Karnataka
PUSKAR INVESTMENTS PRIVATE LIMITED
Strike Off
4.3 L 1 Karnataka
BRINDAVAN SOFTLAND PRIVATE LIMITED
Strike Off
9.0 L 1 Karnataka
DNR CORPORATION PRIVATE LIMITED
Active
2.0 L 1 Karnataka
Kithur Channamma Roller Flour Mills LLP
Inactive for e-filing
10.0 L 1 at
MARKASIA TEXTILES AND FIBERS PRIVATE LIMITED
Active
2.8 Cr 1 Karnataka
SUNIL AGRO FOODS LIMITED
Active
3.0 Cr 1 Karnataka
KARNEET ENTERPRISES(INDIA)PRIVATE LIMITED
Active
1.5 Cr 1 Karnataka

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
Brown & Burk UK Limited United Kingdom - -
Micro Labs GMBH Germany - -
Micro Nova Pharmaceuticals Ind Limited Nigeria - -
Micro Labs USA Inc United States - -
Micro Labs Pty Limited Australia - -
Micro Labs Holdings FZLLP United Arab Emirates - -
Micro Animals Health Care Pvt Ltd India - -
Brown & Burk AB Sweden - -
Brown & Burk IR Limited Ireland - -
Micro Labs Scientific Office FZ LLC United Arab Emirates - -

Registered Details

CIN

U24232KA1973PLC002401

PAN

AABCM2131N

Incorporation

1973, 51.6 years

Company Email

info@microlabs.in

Paid up Capital

₹ 24.4 Cr

Authorised Capital

₹ 34.0 Cr

AGM

Sep 2023

Type

Public
Non-government Company

FAQ - MICRO LABS LIMITED

What is the incorporation date of MICRO LABS LIMITED?

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The incorporation date of MICRO LABS LIMITED is 07 September, 1973

What is the authorized share capital of MICRO LABS LIMITED?

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The authorized share capital of MICRO LABS LIMITED is INR ₹ 34.0 Cr.

What is the paid-up capital of MICRO LABS LIMITED?

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The paid-up capital of MICRO LABS LIMITED is INR ₹ 24.4 Cr.

What is the registered address of MICRO LABS LIMITED?

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The registered address of MICRO LABS LIMITED is 31, RACE COURSE ROAD Bengaluru Bangalore Karnataka - 560001

What is the CIN number of MICRO LABS LIMITED?

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The CIN number of MICRO LABS LIMITED is U24232KA1973PLC002401.

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