---
title: "Adinath Bio-Labs Ltd (590088) — Share Price, Financials & Analysis"
symbol: "590088"
company: "Adinath Bio-Labs Ltd"
canonical: "https://tapetide.com/stocks/590088"
isin: "INE129D01039"
bse_code: "590088"
sector: "Healthcare"
industry: "Pharmaceuticals & Biotechnology"
generated_at: "2026-09-13T19:09:42.227Z"
---

# Adinath Bio-Labs Ltd (590088)

Canonical page: https://tapetide.com/stocks/590088

## Company

- **BSE Code:** 590088
- **ISIN:** INE129D01039
- **Sector:** Healthcare
- **Industry:** Pharmaceuticals & Biotechnology
- **Macro Sector:** Healthcare
- **Stock Type:** EQUITY
- **Listed Since:** 2008-07-03
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** adinathbio.com

## About

Adinath Bio-Labs is an India-based company, which is engaged in trading in agricultural commodities and its allied products, and also dealing in other concern activities.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -13.2% over last 3 years.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5.78 | 0.3 | 0.28 | 0.32 | 0.45 | 0.22 | 0.22 | 0.18 | 0.19 | 0.19 | 0.16 | 0.11 |
| Expenses | 6.13 | 0.22 | 0.2 | 0.22 | 0.32 | 0.32 | 0.14 | 0.13 | 0.14 | 0.15 | 0.12 | 0.08 |
| Operating Profit | -0.35 | 0.08 | 0.08 | 0.1 | 0.13 | -0.1 | 0.08 | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 |
| OPM % | -6.06 | 26.67 | 28.57 | 31.25 | 28.89 | -45.45 | 36.36 | 27.78 | 26.32 | 21.05 | 25 | 27.27 |
| Other Income | 0.04 | 0.03 | 0.02 | 0.02 | 0 | 0.38 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.07 | 0.05 | 0.05 | 0.05 | 0.12 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 |
| Profit before tax | -0.38 | 0.06 | 0.05 | 0.07 | 0.01 | 0.24 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -0.38 | 0.05 | 0.04 | 0.06 | 0.01 | 0.24 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| EPS in Rs | -0.02 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 56.45 | 42.17 | 42.85 | 1 | 1.35 | 0.81 | 0.56 | 0.05 | 0 | 0 |
| Expenses | 55.42 | 41.09 | 41.89 | 0.73 | 0.97 | 0.73 | 0.42 | 1.83 | 0.55 | 0.53 |
| Operating Profit | 1.03 | 1.08 | 0.96 | 0.27 | 0.38 | 0.08 | 0.14 | -1.78 | -0.55 | -0.53 |
| OPM % | 1.82 | 2.56 | 2.24 | 27 | 28.15 | 9.88 | 25 | -3560 | — | — |
| Other Income | 0.23 | 0.18 | 0.13 | 0.16 | 0.07 | 0.38 | 0.01 | -4.43 | -1.96 | -2.88 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Depreciation | 0.39 | 0.56 | 0.4 | 0.29 | 0.28 | 0.16 | 0.11 | 0.09 | 0.01 | 0.01 |
| Profit before tax | 0.87 | 0.7 | 0.69 | 0.14 | 0.17 | 0.3 | 0.04 | -6.3 | -2.52 | -3.43 |
| Tax % | 0 | 2.86 | 0 | 0 | -5.88 | 53.33 | 25 | 11.59 | -0.79 | 0 |
| Net Profit | 0.87 | 0.68 | 0.7 | 0.14 | 0.17 | 0.14 | 0.02 | -7.03 | -2.51 | -3.42 |
| EPS in Rs | 0.04 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0 | -0.32 | -0.11 | -0.15 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 22.07 | 22.07 | 22.07 | 22.07 | 22.07 | 22.07 | 22.07 | 22.07 | 22.07 | 22.07 |
| Reserves | 5.59 | 6.27 | 6.97 | 7.11 | 7.08 | 7.23 | -6.44 | -13.47 | -15.97 | -19.4 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.27 | 0.18 | 0.16 | 0.14 | 0.17 | 0.19 | 0.19 | 0.95 | 0.86 | 0.87 |
| Total Liabilities | 27.93 | 28.52 | 29.2 | 29.32 | 29.32 | 29.49 | 15.82 | 9.55 | 6.96 | 3.54 |
| Fixed Assets | 2.01 | 1.86 | 1.47 | 1.18 | 0.71 | 0.56 | 0.44 | 0.26 | 0.02 | 0.02 |
| CWIP | 2.27 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 | 0 | 0 | 0 |
| Investments | 1.27 | 0.56 | 0.56 | 2.96 | 2.96 | 0.56 | 0.54 | 0.03 | 0.03 | 0.03 |
| Other Assets | 22.38 | 24.23 | 25.3 | 23.31 | 23.78 | 26.5 | 12.97 | 9.26 | 6.91 | 3.49 |
| Total Assets | 27.93 | 28.52 | 29.2 | 29.32 | 29.32 | 29.49 | 15.82 | 9.55 | 6.96 | 3.54 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.41 | -0.92 | -0.13 | -0.06 | -0.13 | -2.6 | 0.12 | -0.54 | -0.01 | -0.03 |
| Cash from Investing Activity | 1.31 | 0.89 | 0.13 | 0.13 | 0.07 | 2.58 | -0.17 | 0.52 | 0.02 | 0.03 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | -0.1 | -0.03 | 0 | 0.07 | -0.06 | -0.02 | -0.05 | -0.02 | 0.01 | 0 |
| Free Cash Flow | -0.33 | -0.92 | -0.13 | -2.46 | -0.13 | -2.61 | 0.12 | -0.44 | -0.01 | -0.03 |
| CFO/OP | -131 | -84 | -14 | -22 | -34 | -3112 | 86 | 30 | 2 | 6 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 47.14 | 75.04 | 66.7 | 2562.3 | 121.67 | 279.38 | 404.11 | 4526 | — | — |
| Inventory Days | 21.52 | 28.51 | 28.77 | — | — | — | — | 0 | — | — |
| Days Payable | 1 | 0.45 | 0.27 | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 67.65 | 103.1 | 95.2 | 2562.3 | 121.67 | 279.38 | 404.11 | 4526 | — | — |
| Working Capital Days | 69.19 | 101.53 | 93.61 | 3701.1 | 83.81 | 198.27 | 1088.48 | 2190 | — | — |
| ROCE % | 3.2 | 2.5 | 2.41 | 0.48 | 0.58 | 0.38 | 0.18 | -11.39 | -7.21 | -11.63 |

## Shareholding Pattern

### annual

| Category | Dec 2016 |
| --- | --- |
| Promoters | 25.75% |
| Public | 74.25% |
| No. of Shareholders | 5830 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- |
| Promoters | 25.75% | 25.75% | 25.75% |
| Public | 74.25% | 74.25% | 74.25% |
| No. of Shareholders | 5955 | 5967 | 5830 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 5 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 0.32 | Sell |
| EMA (10) | 0.31 | Sell |
| SMA (20) | 0.29 | Buy |
| EMA (20) | 0.3 | Sell |
| SMA (50) | 0.26 | Buy |
| EMA (50) | 0.27 | Buy |
| SMA (100) | 0.24 | Buy |
| EMA (100) | 0.25 | Buy |
| SMA (200) | 0.22 | Buy |
| EMA (200) | 0.23 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 57.02 | Neutral |
| MACD (12,26,9) | 0.02 | Sell |
| Stochastic (14,3,3) | 55.56 | Neutral |
| ADX (14) | 32.77 | Buy |
| Williams %R (14) | -55.56 | Neutral |
| ATR (14) | 0.01 | High Volatility |
| ROC (12) | 11.11 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 39.05 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 January 2026 - Reg 27(2) corporate governance report not applicable for quarter ended Dec 31, 2025; SME listing on NSE Emerge. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 7 January 2026 - Reg 27(2) corporate governance report not applicable for quarter ended Dec 31, 2025; SME listing on NSE Emerge.](https://nsearchives.nseindia.com/corporate/SHUBHSHREE_07012026172330_Non_applicability_of_CG_December_2025.pdf) |
| 6 January 2026 - Reg 74(5) certificate: all shares in demat; not applicable for quarter ended 31-Dec-2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 January 2026 - Reg 74(5) certificate: all shares in demat; not applicable for quarter ended 31-Dec-2025.](https://nsearchives.nseindia.com/corporate/SHUBHSHREE_06012026163503_Certificate_under_74-5_of_DP_December_2025.pdf) |
| 5 March 2026 - Investor presentation: H1 FY26 revenue ₹9,604.6 Lakhs; capacity to 1,000 MT/day; FY26 guidance ₹210-215 Crore. | [Investor Presentation 5 March 2026 - Investor presentation: H1 FY26 revenue ₹9,604.6 Lakhs; capacity to 1,000 MT/day; FY26 guidance ₹210-215 Crore.](https://nsearchives.nseindia.com/corporate/SHUBHSHREE_05032026142015_investor_presentation_feb_2026.pdf) |
| 29 December 2025 - One-on-one virtual meeting with Pi Square Investments on January 1, 2026 at 4:00 PM. | [Analysts/Institutional Investor Meet/Con. Call Updates 29 December 2025 - One-on-one virtual meeting with Pi Square Investments on January 1, 2026 at 4:00 PM.](https://nsearchives.nseindia.com/corporate/SHUBHSHREE_29122025163421_Investor_meet_01st_January_2026.pdf) |
| 21 January 2026 - SDD compliance certificate: 4 UPSI events captured for quarter ended Dec 31, 2025; no non-compliances. | [Structural Digital Database 21 January 2026 - SDD compliance certificate: 4 UPSI events captured for quarter ended Dec 31, 2025; no non-compliances.](https://nsearchives.nseindia.com/corporate/SHUBHSHREE_21012026170653_Compliance_certificate_of_SDD_for_the_quarter_ended_December_2025.pdf) |
| 2 March 2026 - Group meeting at Arihant Bharat Connect Conference on March 6, 2026, 12:00-13:00 (virtual). | [Analysts/Institutional Investor Meet/Con. Call Updates 2 March 2026 - Group meeting at Arihant Bharat Connect Conference on March 6, 2026, 12:00-13:00 (virtual).](https://nsearchives.nseindia.com/corporate/SHUBHSHREE_02032026120823_investor_meet_dated_6th_march_2026.pdf) |
| 14 January 2026 - Q3 revenue ₹53.93Cr, 9M ₹149.96Cr; Bhuna 100TPD commissioned; FY26 guidance ₹210–215Cr. | [General Updates 14 January 2026 - Q3 revenue ₹53.93Cr, 9M ₹149.96Cr; Bhuna 100TPD commissioned; FY26 guidance ₹210–215Cr.](https://nsearchives.nseindia.com/corporate/SHUBHSHREE_14012026105219_Business_Update_Shubhshree.pdf) |
| 12 Jan 2017 - Adinath Bio-Labs Ltd has submitted to BSE the statement of deviation or variation in public issue, right issue, preferential issue etc. for the quarter ended … | [Statement of Deviation or Variation 12 Jan 2017 - Adinath Bio-Labs Ltd has submitted to BSE the statement of deviation or variation in public issue, right issue, preferential issue etc. for the quarter ended …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B130173D_3131_4887_A2F6_34117396CAC2_193109.pdf) |
| 12 Jan 2017 - Adinath Bio-Labs Ltd has submitted to BSE the statement of deviation or variation in public issue, right issue, preferential issue etc. for the quarter ended … | [Statement of Deviation or Variation 12 Jan 2017 - Adinath Bio-Labs Ltd has submitted to BSE the statement of deviation or variation in public issue, right issue, preferential issue etc. for the quarter ended …](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/1/B130173D_3131_4887_A2F6_34117396CAC2_193109.pdf) |
| 10 March 2026 - On March 10, 2026, acquired 1,900 shares for Rs.19,000, raising stake in Ruralgreen to 70%.", "checklist": [ "Read and extract key facts from the announcement", … | [Acquisition 10 March 2026 - On March 10, 2026, acquired 1,900 shares for Rs.19,000, raising stake in Ruralgreen to 70%.", "checklist": [ "Read and extract key facts from the announcement", …](https://nsearchives.nseindia.com/corporate/SHUBHSHREE_10032026162449_Acquisition_in_subsidiary_shubhshree.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/SHUBHSHREE_21112025213809_Investor_presentation__1_.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://nsearchives.nseindia.com/corporate/SHUBHSHREE_08072025151704_Investor_presentation--shubhshree.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28019_SHUBHSHREE_2024_2025_A_11104329_01092025141623.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/590088/5900880316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/590088/5900880315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/590088/5900880314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/590088/5900880313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/590088/5900880312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/590088/5900880311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/590088/5900880310.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:09:42.227Z.