Key Metrics of Vimta Labs Limited
About Vimta Labs Limited
Company details
- Registered office
- 141/2 &142, Ida Phase Ii, Hyderabad, 500051
- Listed
- NSE: VIMTALABS · ₹468.00
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
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Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 02 Sep 2026 | CARE | Reaffirmed | A | A1 | Stable | ₹61.3 Cr | View |
| 06 Aug 2025 | CARE | Reaffirmed | A | A1 | Stable | ₹73.5 Cr | View |
| 29 Jul 2024 | CARE | Reaffirmed | A | A1 | Stable | ₹87.4 Cr | View |
| 22 Jan 2024 | CARE | Reaffirmed | A | A1 | Stable | ₹87.4 Cr | View |
| 11 Jul 2023 | CARE | Assigned | A | A1 | Stable | ₹72.0 Cr | View |
Credit strengths (CARE, Sep 2026)
+ Long track record of operation and experienced management in the business and high net worth base
The management is well experienced in the contract research industry, and the company has an established track record of over four decades. Vimta has an established market position, with a network of 10 laboratories spread across the country, including multiple branch laboratories for food testing. The company has expanded its electronic testing business unit to take advantage of the growing electrical and electronics industry. It has also forayed in biologics segment, which is expected to comme
+ Established relationship with reputed clientele and diversified customer base
Vimta has maintained a well-diversified customer base across key sectors, including pharmaceuticals, CRTO services, and food testing services. This broad industry presence not only supports revenue stability but also positions the company to benefit from growth opportunities in multiple verticals. Steady growth with strong profit margin and satisfactory returns ratio Vimta has diversified revenue streams, which protects from inevitable ebbs and flows in the industry. The steady growth in TO I
+ Steady growth with strong profit margin and satisfactory returns ratio
Vimta has diversified revenue streams, which protects from inevitable ebbs and flows in the industry. The steady growth in TO I is driven by increased demand in pharmaceutical CRTO services, and food testing services.The company improved operational efficiency through technology deployments and capacity expansion at its Hyderabad facility. Export revenues also grew steadily driven largely by increased demand for pharma -related services, such as preclinical studies , and cGMP analytical services
+ Comfortable capital structure and debt coverage indicators
Vimta maintained a comfortable capital structure in FY26, with a low overall gearing ratio of 0.01x and a healthy tangible ne t worth of ₹451.95 crore as on March 31, 2026. Its debt included a term loan, primarily used to purchase modern testing and analytical equipment while working capital borrowings remained nil as on March 31, 2026. The company’s total outside liabilities (TOL) to net worth stood at a comfortable 0.23x.
Credit challenges
− Upgradation of facilities requires regular capex
Vimta has traditionally focused on pharmaceutical research and food testing. In recent years, the company has expanded its scope by entering into clinical trial services, this is in addition to electrical and electronics testing services offered by the company, and biologics contract research and development services (CRADS). To maintain accuracy in its research and testing services, Vimta regularly upgrades or replaces its equipment. This is driven by
− Moderate scale of operations
Vimta registered a compounded annual growth rate (CAGR) of 10.50% from FY22-FY26, yet it operated on a moderate scale with a TOI of ₹411 crore in FY26 compared to ₹345 crore in FY25. Fixed asset turnover ratio stands at 0.88x as on March 31, 2026. Exposure to high regulatory risk The Clinical Research Organization (CRO) industry faces significant reputation risks, particularly related to safety of subjects and reliability of testing outcomes. To address these concerns, the Ministry of Health and
− Exposure to high regulatory risk
The Clinical Research Organization (CRO) industry faces significant reputation risks, particularly related to safety of subjects and reliability of testing outcomes. To address these concerns, the Ministry of Health and Family Welfare (Government of India) has implemented stringent regulations, including mandatory registration of ethics committees and systematic monitoring of clinical trials. Comprehensive compensation guidelines have been established to ensure fair treatment trial -related inju
− Increasing competition in Indian CRO industry
The Indian pharmaceutical CRO market is witnessing robust growth, supported by increasing outsourcing of drug development activities and the country’s emergence as a preferred destination for clinical research. The market is projected to reach ~ US$ 5.0 billion by 2033, growing at a CAGR of ~9.5%. Growth is driven by rising research and development (R&D) costs, increasing patent expiries, and the need for cost optimisation,
Could lead to an upgrade
• Substantial growth in turnover and maintenance of asset turnover above 1.0x on a sustained basis. • Improved revenue visibility and increasing contribution from the biologics segment.
Could lead to a downgrade
• Significantly declining total operating income (TOI) or PBILDT margins, falling below 20% on a sustained basis. • Declining overall gearing above 0.35x or considerable weakening of
Agency-reported financials (CARE, 02 Sep 2026)
| Metric | March 31, 2025 | March 31, 2026 | Q1FY27 |
|---|---|---|---|
| Total operating income | ₹345 Cr | ₹411 Cr | ₹113 Cr |
| PBILDT* | ₹124 Cr | ₹145 Cr | ₹41.12 Cr |
| Profit after tax (PAT) | ₹66.76 Cr | ₹77.51 Cr | ₹21.04 Cr |
| Overall gearing (x) | 0.02× | 0.01× | — |
| Interest coverage (x) | 65.35× | 124.20× | 178.78× |
| Revenue growth (YoY) | — | 19.2% | — |
| PAT margin | 19.4% | 18.9% | 18.6% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term Short-term bank | Working capital & bank lines | — | ₹34.0 Cr | — | A (Stable) | Reaffirmed | CARE |
| facilities | Other | — | ₹25.5 Cr | — | A1 | Other | CARE |
| Long-term bank facilities Short-term bank facilities | Working capital & bank lines | — | ₹1.78 Cr | — | A / A1 (Stable) | Reaffirmed | CARE |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| CC/WCDL/OD/LC/BG | ₹34.0 Cr | CARE A; Stable / CARE A1 |
| Loan Equivalent Risk | ₹1.78 Cr | CARE A1 |
| Term Loan | ₹25.5 Cr | CARE A; Stable |
Lenders
| Fund-based - LT | Term Loan | South Indian Bank Ltd. |
| LT/ST Fund-based/Non-fund-based | CC/WCDL/OD/LC/BG | Axis Bank Ltd. |
| LT/ST Fund-based/Non-fund-based | CC/WCDL/OD/LC/BG | HDFC Bank Ltd. |
| Non-fund-based - ST | Loan Equivalent Risk | Axis Bank Ltd. |
| Non-fund-based - ST | Loan Equivalent Risk | HDFC Bank Ltd. |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 74% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 74% chance the next rating action is stable or better
- Current rating A (investment grade)
- Interest coverage 178.78×
Rated limits by facility
Timeline
From the report
Ratings are further supported by the company's healthy capital structure, strong debt protection metrics, negligible reliance on external borrowings, and comfortable liquidity position, evidenced by nil utilisation of working capital limits and cash and cash equivalents of ₹69 crore as on March 31, 2026.
From the report
Vimta’s financial position is further strengthened by healthy capital structure, strong coverage metrics, minimal dependence on external borrowings, and comfortable liquidity, as indicated by low working capital utilisation and a cash balance of ₹32 crore as on March 31, 2025.
From the report
Ratings further remain underpinned by Vimta’s comfortable capital structure, healthy coverage indicators in absence of major external debts, and adequate liquidity indicated by sparingly utilised working capital lines (average utilisation remains at less than 10%) and free cash and bank balance of around ₹21 crore as on March 31, 2024.
From the report
Ratings further remain underpinned by Vimta’s comfortable capital structure, healthy coverage indicators in absence of major external debts, and adequate liquidity indicated by sparingly utilised working capital lines (average utilisation remains at less than 10%) and free cash and bank balance of around ₹21 crore as on March 31, 2024.
From the report
Liquidity of the company is supported by cash and bank balance of around ₹19 crore in the form of fixed deposits and negligible utilization of its fund- based working capital facilities.
From the report
The company has availed equipment loan for its existing facility in Shamirpet, leading to decline in its capital structure as on March 31, 2024, although would continue to stay comfortable.
From the report
The liquidity of the company is supported by cash and bank balanceof around₹ 30 crore in the form of FDR, negligible utilization of its fund-based working capital facilities and negligible scheduled term debt repayment.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
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Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.
