Promoter holding
64.27%
HL
Honour Lab Limited - Due diligence report
A 360° intelligence report on Honour Lab: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Honour Lab — 360° Intelligence Report
Generated from MCA filings & public records83/100
Trust Score
Low Risk
Honour Lab is assessed as Low Risk with a Trust Score of 83/100. Honour Lab is an active public limited indian non-government company incorporated in 2011, 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 moderate compliance risk and low financial risk profile.
Report generated on 23 Aug 2026 from the latest processed filings. Honour Lab Limited snapshot & full profile →
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 & explainableTrust ScoreLow Risk
83/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores 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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 10 open (777.28 cr) · 8 satisfied (724.22 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Idbi Trusteeship Services Limited | 1 | 48.0 cr |
| Others | 10 | 48.0 cr |
| State Bank Of India | 3 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Yes Bank Limited | 2 | 48.0 cr |
| Bank Of India | 1 | 48.0 cr |
Compliance Score: 68/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 2 court forum(s).
- 1 auditor resignation(s) filed - latest: C. RAMACHNDRAM & CO on 2016-09-01.
- Delayed payments to MSME suppliers disclosed (16 disclosure(s)).
- 4 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ADISESHA GIRI JAGARAPU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KRISHNAVENI KURA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRINIVAS VENGALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RATHNAKAR REDDY KURA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GOPAL REDDY ANNAREDDY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KESIREDDY SUBHAS CHANDER REDDY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- No disqualified or deactivated DINs.
- 2 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
3
Group entities
4
Capital events
1 allotment(s) · 6 transfer(s)
| Group entity | Relationship | % held |
|---|---|---|
| Dyuthi Labs Private Limited | Subsidiary Company | 74.00% |
| Hoster Labs Private Limited | Subsidiary Company | 74.00% |
| Veer East Realty India Private Limited | Subsidiary Company | 74.00% |
| Honour Infra Estates Limited | Associate Company | 74.00% |
Key managerial personnel: RATHNAKAR REDDY KURA (Managing Director) · KESIREDDY SUBHAS CHANDER REDDY (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 80
Growth signals & trust indicators
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 14+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 24% in a year.
10 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 27.57 Lakh.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence76/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment87/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 10 open charge(s) of 777.28 cr already registered.
- Compliance gaps should be priced into terms.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events29 Sep 2025
Last AGM held
Annual general meeting
28 Jul 2025
Charge created
State Bank Of India - 100.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
25 Feb 2025
Charge satisfied
State Bank Of India
17 Nov 2024
Charge created
Hdfc Bank Limited - 148.00 cr
29 Sep 2024
Director ceased
ADISESHA GIRI JAGARAPU
Director ceased
GOPAL REDDY ANNAREDDY
28 Feb 2024
Charge created
State Bank Of India - 75.00 cr
19 Feb 2024
Charge satisfied
Yes Bank Limited
31 Dec 2023
Charge created
Others - 28.00 Lakh
18 Dec 2023
Director appointed
ADISESHA GIRI JAGARAPU (Director)
Director appointed
GOPAL REDDY ANNAREDDY (Director)
07 Feb 2023
Charge created
Yes Bank Limited - 40.00 cr
25 Oct 2022
Charge created
Others - 14.00 Lakh
27 Sep 2022
Charge created
Others - 6.00 Lakh
10
Key Observations
Auto-generated from the data aboveRevenue 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.
6 active director(s) / partner(s); board looks stable and experienced.
4 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Care.
EPFO-registered employer - verifiable payroll history exists.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Chemplast Sanmar | L24230TN1985PLC011637 | Madras, Tamil Nadu, India |
| Sanmargroup | U24100TN1991PLC020589 | Chennai, Tamil Nadu, India |
| Glenmark Life Sciences | L74900PN2011PLC139963 | Solapur, Maharashtra, India |
| Pfizer | L24231MH1950PLC008311 | Mumbai, Maharashtra, India |
| Biocon | U24232KA2014PLC077036 | Bangalore, Karnataka, India |
| Biocon | L24234KA1978PLC003417 | Bengaluru, Karnataka, India |
| Rellife | U24239MH2001PTC130654 | Navi Mumbai, Maharashtra, India |
| Adama Agricultural Solutions | U24110TG1998PTC072870 | Medchal Malkajgiri District, Telangana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Honour Lab before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Honour Lab: 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 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 60/100, margin trends, ownership structure and peer set for Honour Lab - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether Honour Lab pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Honour Lab - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Honour Lab an active company?
Honour Lab has MCA status “Active” with a compliance score of 68/100 (Moderate).
Is Honour Lab financially healthy?
Honour Lab has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Honour Lab?
Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Honour Lab?
See the directors and ownership sections above for board and shareholding detail. 6 active director(s) are on record.
Does Honour Lab have loans or charges against its assets?
10 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.
Is Honour Lab up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 68/100 (Moderate).
Is it risky to lend to Honour Lab?
Its Credit Risk Score is 95/100 (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.
