Bharat Parenterals Limited - Due diligence report

A 360° intelligence report on Bharat Parenterals: trust score, financial health, credit view, compliance, directors, growth and distress sig…

1992-09-03 Vadodara, Gujarat Active Listed Active Compliant
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Bharat Parenterals — 360° Intelligence Report

Generated from MCA filings & public records
79/100
Trust Score
Low Risk

Bharat Parenterals is assessed as Low Risk with a Trust Score of 79/100. Bharat Parenterals is an active public limited indian non-government company incorporated in 1992, operating in the Pharma sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.

Report generated on 15 Aug 2026 from the latest processed filings. Bharat Parenterals Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
79/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 80/100 Low Risk
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 15 open (145.35 cr) · 26 satisfied (34.12 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited27 48.0 cr
Others3 48.0 cr
Sidbi1 48.0 cr
Hdfc Bank Limited8 48.0 cr
Bank Of Baroda1 48.0 cr
Axis Bank Ltd1 48.0 cr
Compliance Score: 42/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: BSE.
  • Litigation present in 3 court forum(s).
  • Delayed payments to MSME suppliers disclosed (1176 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
MUKESHBHAI JIVRAJBHAI PATEL 01234567 Director 01/04/2018 6 yrs Approved
SANJAY PARASMAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
JIGNESH NITINCHANDRA SHAH 01234567 Director 01/04/2018 6 yrs Approved
BHARATKUMAR RAMESHCHANDRA DESAI 01234567 Director 01/04/2018 6 yrs Approved
SHAILESHKUMAR GHABHAWALA 01234567 Director 01/04/2018 6 yrs Approved
KRUTIKA PADMAKAR BHATTBHATT 01234567 Director 01/04/2018 6 yrs Approved
ZANKHANA BIMALKUMAR SHETH 01234567 Director 01/04/2018 6 yrs Approved
HEMANG JAYENDRABHAI SHAH 01234567 Director 01/04/2018 6 yrs Approved
Sharmin Nareshkumar Soni 01234567 Director 01/04/2018 6 yrs Approved
Alkesh Jayantilal Shah 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2025 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
2
Group entities
3
Capital events
2 allotment(s) · 0 transfer(s)

Promoters hold a minority stake - exact percentages are part of the full report.

Group entityRelationship% held
Varenyam Biolifesciences Private Limited Subsidiary Company 74.00%
Innoxel Lifesciences Private Limited Subsidiary Company 74.00%
Desai Shares And Stock Private Limited Associate Company 74.00%

Key managerial personnel: JIGNESH NITINCHANDRA SHAH (CFO) · BHARATKUMAR RAMESHCHANDRA DESAI (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 33+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
15 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 16.05 cr.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence68/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment75/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 15 open charge(s) of 145.35 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view85/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
15 Jul 2026
Charge created
Hdfc Bank Limited - 25.50 Lakh
16 Feb 2026
Charge created
Others - 1.39 cr
17 Dec 2025
Charge created
Sidbi - 12.00 cr
26 Nov 2025
Charge created
Hdfc Bank Limited - 12.86 Lakh
26 Sep 2025
Last AGM held
Annual general meeting
28 Jul 2025
Director appointed
Alkesh Jayantilal Shah (Director)
02 Jul 2025
Charge satisfied
Others
07 May 2025
Director appointed
Sharmin Nareshkumar Soni (Company Secretary)
31 Mar 2025
Latest balance sheet
Filed with ROC
16 Dec 2024
Charge created
Hdfc Bank Limited - 21.50 Lakh
12 Dec 2024
Charge satisfied
Hdfc Bank Limited
06 Nov 2024
Charge satisfied
Hdfc Bank Limited
18 Oct 2024
Charge satisfied
Others
21 Sep 2024
Charge created
Hdfc Bank Limited - 78.00 Lakh
31 Jul 2024
Charge created
Hdfc Bank Limited - 70.30 Lakh
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Tfl L24119TN1971PLC006083 Chennai, Tamil Nadu, India
Metropolitan Eximchem U19202MH1968PTC014067 Sion, Maharashtra, India
Shivalik Crop Sciences Private Limited U24302CH2016PTC041040 Chandigarh, Chandigarh, India
Aristo Biotech L01100GJ2005PLC127397 Vadodara, Gujarat, India
Mangalam Drugs & Organics L24230MH1972PLC116413 Mumbai, Maharashtra, India
Foglagroup U24111WB2004PTC099677 Kolkata, West Bengal, India
Astron Zircon Private Limited U26933GJ2011PTC067384 Ahemedabad, Gujarat, India
Fortis Chemicals Private Limited U24110OR2005PTC025923 Kolabira, Orissa, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Bharat Parenterals before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Bharat Parenterals: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 80/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Bharat Parenterals - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 79/100, distress signals and MSME payment-delay disclosures - know whether Bharat Parenterals pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Bharat Parenterals - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Bharat Parenterals an active company?

Bharat Parenterals has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).

Is Bharat Parenterals financially healthy?

Bharat Parenterals has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Bharat Parenterals?

Its overall Trust Score is 79/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Bharat Parenterals?

Promoters hold a minority stake - exact percentages are in the full report. 10 active director(s) are on record.

Does Bharat Parenterals have loans or charges against its assets?

15 open charge(s) are registered against its assets, and 26 earlier charge(s) stand satisfied.

Is Bharat Parenterals up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).

Is it risky to lend to Bharat Parenterals?

Its Credit Risk Score is 80/100 (Low Risk). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.