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COVALENT LABORATORIES PRIVATE LIMITED

Active
Updated: 24 Oct 2024

Covalent Laboratories Private Limited provides pharmaceutical products

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 Hyderabad., 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

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

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

Sales
31.53%
₹ 2,916.1
EBITDA
273.48%
₹ 298.6
Net Profit
488.99%
₹ 206.4
Networth
44.17%
₹ 673.0
Borrowings
-27.56%
₹ 91.6
Assets
17.92%
₹ 1,512.8
Gross Margin
5.7
23.2 %
Operating Margin
6.63
10.2 %
Net Profit Margin
5.47
7.0 %
Return on Equity
23.16
30.7 %
ROCE
27.87
39.2 %
Debt to Equity
-0.13
0.1
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (7)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • LOW CASH BALANCE
  • CASH DETERIORATING
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.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 1,535.8 1,465.7 1,802.0 2,217.0 2,916.1
Operating profit 149.3 131.7 97.9 80.0 298.6
Net profit 76.1 73.0 52.5 35.0 206.4
Gross margin 21.9 24.3 18.6 17.6 23.2
Operating margin 9.7 9.0 5.4 3.6 10.2
Net margin 5.0 4.9 2.9 1.6 7.0
Networth 306.0 379.1 431.8 466.8 673.0
Borrowings 180.4 147.0 145.3 126.4 91.6
Assets 952.4 912.9 1,040.3 1,282.9 1,512.8
Debt to equity 0.6 0.4 0.3 0.3 0.1
Current ratio 1.2 1.3 1.4 1.3 1.5
ROE 24.9 19.3 12.2 7.5 30.7
Days payable 128.0 117.0 103.0 133.0 113.0
WC days 24.0 39.0 44.0 40.0 52.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6.0 6.0 6.0 6.0 6.0
Reserves 300.0 373.1 425.8 460.8 667.0
Borrowings + 180.4 147.0 145.3 126.4 91.6
Long term borrowings 66.0 20.7 14.9 10.3 17.6
Short term borrowings 114.4 126.3 130.5 116.2 74.0
Trade payables + 419.4 356.9 415.0 664.0 691.6
Days payable 128.0 117.0 103.0 133.0 113.0
Other liabilities + 466.0 386.7 463.2 689.7 748.2
Other non-current liabilities 11.5 11.6 11.0 9.6 8.4
Other current liabilities 35.1 18.3 37.1 16.1 48.1
Total liabilities 952.4 912.9 1,040.3 1,282.9 1,512.8
Fixed Assets + 261.9 236.9 221.2 232.2 273.3
Tangible assets 257.9 236.7 212.7 190.8 254.2
CWIP 3.8 - 8.3 41.2 19.0
Intangible assets 0.3 0.2 0.1 0.1 -
LT loans and advances - - - - -
Other non-current assets 20.5 18.4 21.3 12.8 13.3
Current assets + 670.0 657.5 797.8 1,038.0 1,226.2
Inventories 142.0 192.9 180.2 187.6 215.9
Trade receivables 489.6 401.9 592.7 703.5 885.7
Cash and cash equivalents 7.9 10.2 7.0 73.7 46.9
ST loans and advances 0.1 - 0.1 0.1 0.2
Other current assets 30.4 52.4 17.8 73.0 77.6
Total assets 952.4 912.9 1,040.3 1,282.9 1,512.8
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 1,535.8 1,465.7 1,802.0 2,217.0 2,916.1
Sales growth % 33.07 -4.56 22.94 23.03 31.53
Expenses + 1,442.9 1,377.3 1,741.6 2,175.7 2,654.3
Cost of goods 1,200.2 1,109.8 1,467.8 1,828.0 2,238.1
Employee cost 37.1 40.2 43.9 44.9 87.2
Other costs 149.2 184.1 192.4 264.2 292.2
Operating profit + 149.3 131.7 97.9 80.0 298.6
Operating margin % 9.7 9.0 5.4 3.6 10.2
Other income 3.4 10.8 10.6 9.0 16.2
Interest 21.7 11.4 8.5 12.4 7.1
Depreciation 34.7 31.8 29.1 26.2 29.7
Exceptional items - - - - -
Profit before tax 96.3 99.2 70.9 50.3 278.0
Tax 20.2 26.2 18.4 15.2 71.6
Profit - disc. ops - - - - -
Net profit 76.1 73.0 52.5 35.0 206.4
Net margin % 5.0 4.9 2.9 1.6 7.0
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.6 0.4 0.3 0.3 0.1
Net Debt/Equity 0.6 0.4 0.3 0.1 0.1
Total Debt/Assets 0.2 0.2 0.1 0.1 0.1
Total Assets/Equity 3.1 2.4 2.4 2.8 2.2
Liquidity +
Current Ratio 1.2 1.3 1.4 1.3 1.5
Quick Ratio 0.9 0.9 1.1 1.1 1.2
Interest Coverage 6.9 11.5 11.6 6.4 42.0
Performance
Gross Margin 21.9 24.3 18.6 17.6 23.2
Operating Margin 9.7 9.0 5.4 3.6 10.2
Net Margin 5.0 4.9 2.9 1.6 7.0
Return +
Return on Equity 24.9 19.3 12.2 7.5 30.7
Pre-tax ROCE 31.6 25.4 15.8 11.3 39.2
Return on Assets 8.0 8.0 5.0 2.7 13.7
Pre-tax ROIC 23.9 19.4 12.1 10.3 37.5
Efficiency +
Days Payable 128.0 117.0 103.0 133.0 113.0
Days Inventory 43.0 63.0 45.0 37.0 35.0
Days Receivable 116.0 100.0 120.0 116.0 111.0
Fixed Asset Turnover 5.9 6.2 8.2 9.6 10.7
Total Asset Turnover 1.6 1.6 1.7 1.7 1.9
Working Capital
Cash Conversion Cycle 31.0 46.0 62.0 20.0 33.0
Working Capital Days 24.0 39.0 44.0 40.0 52.0
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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 : 196.2 cr

2

CitiBank N.A.

No. of Loans: 2

Total Amount : 80.0 cr

3

HDFC Bank Limited

No. of Loans: 1

Total Amount : 63.0 cr

4

RBL Bank Limited

No. of Loans: 1

Total Amount : 60.0 cr

5

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

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Charges

State Bank of India
CitiBank N.A.
HDFC Bank Limited
RBL Bank Limited
Others

People

Designation Name DIN/PAN Tenure
Director Narayana Reddy Mundla
Shareholder
00064392 22 years
Managing Director Madireddy Narayana Reddy
Shareholder
00123201 23 years
Whole-time Director Maddireddy Vijaykiran
Shareholder
01095484 23 years
Director Prasanth Nandigala
Shareholder
01740471 22 years
Director Mundla Maha Vishnu 02470664 1 years
Director Abhinav Reddy Nandigala 10362886 1 years

Company Network

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SYNAC PHARMACEUTICALS PRIVATE LIMITED
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ALITHIA PHARMACEUTICALS PRIVATE LIMITED
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AARNA & AKSHAJ INDUSTRIES PRIVATE LIMITED
Active
1.0 L 1 Telangana
PISTA MOTOR RACEWAY LLP
Active
1.0 L 1 Telangana
AZICO PHARMACEUTICALS PRIVATE LIMITED
Active
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Subsidiary Companies

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

Registered Details

CIN

U24230TG2002PTC039606

PAN

AABCC9544R

Incorporation

2002, 22.6 years

Company Email

FINANCE@COVALENTLAB.COM

Paid up Capital

₹ 6.0 Cr

Authorised Capital

₹ 20.0 Cr

AGM

Sep 2023

Type

Private
Non-government Company

FAQ - COVALENT LABORATORIES PRIVATE LIMITED

What is the incorporation date of COVALENT LABORATORIES PRIVATE LIMITED?

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

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

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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?

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

What is the registered address of COVALENT LABORATORIES PRIVATE LIMITED?

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

What is the CIN number of COVALENT LABORATORIES PRIVATE LIMITED?

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The CIN number of COVALENT LABORATORIES PRIVATE LIMITED is U24230TG2002PTC039606.

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