Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹57Cr
Rev Gr TTM
Revenue Growth TTM
11.44%
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -3.6 | 2.8 | -26.9 | -5.1 | -20.3 | -12.5 | 30.0 | -5.0 | 4.5 | 23.5 | 8.9 | 10.7 |
| 8 | 7 | 4 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 8 | 8 |
Operating Profit Operating ProfitCr |
| 48.3 | 38.8 | 52.4 | 49.6 | 45.8 | 43.0 | 46.4 | 45.4 | 40.9 | 43.8 | 41.3 | 40.6 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
Depreciation DepreciationCr | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 |
| 3 | 0 | 0 | 2 | 1 | 0 | 6 | 1 | 1 | 1 | 2 | 2 |
| 1 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 1 | 0 |
|
Growth YoY PAT Growth YoY% | 398.6 | -56.3 | 175.0 | 780.0 | -64.1 | 21.4 | 1,484.8 | -37.9 | 43.2 | 688.2 | -83.4 | 52.4 |
| 14.0 | 1.2 | 3.6 | 10.3 | 6.3 | 1.7 | 43.4 | 6.7 | 8.6 | 10.7 | 6.6 | 9.3 |
| 1.4 | 0.1 | 0.2 | 0.9 | 0.5 | 0.1 | 3.5 | 0.6 | 0.7 | 0.7 | 0.5 | 0.6 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 10.3 | 60.7 | 19.4 | 37.7 | 18.8 | -0.9 | -6.5 | -0.7 | 1.6 | -13.0 | 2.7 | 10.2 |
| 15 | 25 | 27 | 36 | 46 | 43 | 34 | 36 | 31 | 24 | 26 | 30 |
Operating Profit Operating ProfitCr |
| 15.8 | 13.0 | 22.4 | 23.1 | 17.0 | 22.5 | 34.1 | 30.8 | 41.2 | 46.4 | 43.9 | 41.6 |
Other Income Other IncomeCr | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 1 |
Interest Expense Interest ExpenseCr | 1 | 0 | 1 | 2 | 3 | 3 | 4 | 4 | 8 | 8 | 8 | 6 |
Depreciation DepreciationCr | 3 | 3 | 4 | 5 | 5 | 5 | 6 | 7 | 9 | 9 | 9 | 10 |
| 0 | 1 | 3 | 4 | 2 | 4 | 9 | 4 | 5 | 4 | 9 | 6 |
| 0 | 0 | 0 | 1 | 0 | 0 | 3 | 2 | 2 | 2 | 2 | 1 |
|
| 57.6 | 96.3 | 175.5 | 24.7 | -28.0 | 97.6 | 27.9 | -61.3 | 20.3 | -4.6 | 188.3 | -37.9 |
| 2.6 | 3.2 | 7.3 | 6.6 | 4.0 | 8.0 | 11.0 | 4.3 | 5.1 | 5.6 | 15.6 | 8.8 |
| 0.5 | 1.0 | 2.5 | 3.2 | 1.8 | 3.5 | 4.2 | 1.6 | 1.8 | 1.7 | 4.8 | 2.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 9 | 9 | 9 | 10 | 12 | 13 | 13 | 14 | 15 | 15 | 17 | 22 |
| 0 | 1 | 3 | 7 | 15 | 20 | 28 | 32 | 37 | 40 | 53 | 73 |
Current Liabilities Current LiabilitiesCr | 28 | 20 | 17 | 25 | 19 | 21 | 22 | 23 | 25 | 38 | 28 | 29 |
Non Current Liabilities Non Current LiabilitiesCr | 4 | 15 | 22 | 15 | 9 | 10 | 15 | 52 | 46 | 45 | 37 | 40 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 22 | 22 | 20 | 28 | 25 | 27 | 27 | 26 | 32 | 47 | 42 | 69 |
Non Current Assets Non Current AssetsCr | 20 | 24 | 32 | 32 | 30 | 37 | 52 | 96 | 91 | 90 | 101 | 96 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 2 | 9 | -6 | 11 | -1 | 9 | 14 | 17 | 15 | 16 | 12 |
Investing Cash Flow Investing Cash FlowCr | -2 | -7 | -12 | -5 | -4 | -10 | -23 | -51 | -4 | -8 | -16 |
Financing Cash Flow Financing Cash FlowCr | -1 | 0 | 7 | -3 | 1 | 2 | 9 | 35 | -11 | -8 | 4 |
|
Free Cash Flow Free Cash FlowCr | 0 | 2 | -18 | 6 | -4 | -2 | -9 | -34 | 11 | 8 | -4 |
| 485.2 | 970.2 | -226.0 | 355.9 | -34.5 | 193.8 | 249.5 | 755.9 | 560.0 | 614.4 | 162.4 |
CFO To EBITDA CFO To EBITDA% | 80.0 | 237.8 | -74.2 | 102.1 | -8.2 | 69.0 | 80.3 | 105.2 | 69.0 | 73.6 | 57.7 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 38 | 94 | 52 | 68 | 25 | 64 | 57 | 29 | 64 | 57 |
Price To Earnings Price To Earnings | 0.0 | 42.3 | 37.3 | 17.6 | 30.4 | 5.6 | 11.3 | 25.8 | 10.8 | 25.2 | 8.0 |
Price To Sales Price To Sales | 0.0 | 1.3 | 2.7 | 1.1 | 1.2 | 0.5 | 1.2 | 1.1 | 0.6 | 1.4 | 1.2 |
Price To Book Price To Book | 0.0 | 3.8 | 7.4 | 3.2 | 2.5 | 0.8 | 1.6 | 1.2 | 0.6 | 1.2 | 0.8 |
| -1.7 | 11.7 | 15.7 | 6.7 | 9.4 | 3.9 | 5.3 | 7.7 | 4.2 | 6.4 | 5.4 |
Profitability Ratios Profitability Ratios |
| 82.7 | 69.2 | 76.1 | 79.6 | 78.9 | 84.5 | 86.1 | 77.7 | 87.0 | 91.5 | 87.6 |
| 15.8 | 13.0 | 22.4 | 23.1 | 17.0 | 22.5 | 34.1 | 30.8 | 41.2 | 46.4 | 43.9 |
| 2.6 | 3.2 | 7.3 | 6.6 | 4.0 | 8.0 | 11.0 | 4.3 | 5.1 | 5.6 | 15.6 |
| 4.8 | 4.6 | 10.4 | 15.1 | 9.2 | 12.8 | 16.9 | 7.4 | 10.7 | 9.3 | 13.1 |
| 5.0 | 9.0 | 19.9 | 18.1 | 8.3 | 13.4 | 13.8 | 4.7 | 5.1 | 4.6 | 10.3 |
| 1.1 | 2.0 | 4.9 | 5.2 | 4.1 | 7.0 | 7.2 | 1.8 | 2.1 | 1.8 | 5.1 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
**Vivo Bio Tech Limited** is one of India’s most prominent and fully integrated **preclinical Contract Research Organizations (CROs)**, headquartered in Hyderabad, Telangana. Since its inception in 2009–2010, the company has evolved from a niche animal breeding provider into a **globally compliant, end-to-end preclinical research partner** for pharmaceutical, biotechnology, agrochemical, medical device, and FMCG firms. With a strong emphasis on regulatory compliance, scientific excellence, and scalable infrastructure, Vivo Bio Tech is strategically positioned to capture high-value outsourcing demand from both Indian and multinational innovators.
---
### **Core Business & Services**
Vivo Bio Tech operates as a **full-service CRO**, offering a comprehensive suite of preclinical research services including:
- **In-vitro & In-vivo Toxicology**: Safety assessment, genotoxicity, reproductive toxicity, inhalation toxicity, ecotoxicity.
- **Pharmacology & Safety Pharmacology**: Efficacy testing, disease modeling (especially oncology), and system-specific safety evaluations.
- **ADME / DMPK Studies**: Pharmacokinetics (PK), toxicokinetics (TK), absorption, distribution, metabolism, and excretion profiling — now expanding into **large animal models**.
- **Analytical & Bioanalytical Services**: Including LC-MS/MS platforms, immunoassays (ADA/NAb), cytokine profiling, qPCR/ddPCR for biologics and nucleic acid therapeutics.
- **Medical Device Testing**: Biocompatibility (ISO 10993), implant safety, long-term toxicity, and regulatory support under **US FDA, EU MDR, CDSCO**.
- **IND-Enabling Studies**: Integrated packages for Investigational New Drug (IND) submissions to FDA, EMA, PMDA, and CDSCO, covering toxicology, PK/PD, safety pharmacology, and pathology.
- **Specialized Capabilities**: Organ-on-chip platforms, 3D cell cultures, AI-assisted pathology, surgical models, and chronic disease studies.
- **Late-Stage Drug Discovery**: Formulation development, disease modeling, imaging, and efficacy testing.
- **Clinical Trial Support**: Partnerships enable Phase I–III clinical trials and Phase IV pharmacovigilance.
The company is actively transitioning from a **"study vendor" to a "program-level IND-enabling partner"**, integrating toxicology, bioanalysis, regulatory writing, and pathology into unified drug development programs.
---
### **Key Strategic Advantages**
#### 1. **World-Class Infrastructure**
- Operates a **150,000 sq. ft. GLP-compliant preclinical research facility** on a **53-acre campus** in Pragnapur, Siddipet District — **the largest dedicated preclinical CRO facility in India**.
- Houses **biosecure vivariums**, **surgical suites**, **pathology labs**, and advanced analytical instrumentation.
- Owns land and facilities that allow **long-term scalability**, distinguishing it from space-constrained competitors.
#### 2. **Regulatory Compliance & Accreditations**
- Holds multiple global certifications:
- **OECD GLP**
- **AAALAC International Accreditation** (since 2011)
- **CPCSEA Registration**
- **ISO 9001, ISO 17025**
- Compliance with **US FDA, EMA, CDSCO, OECD** standards.
- This ensures **global regulatory acceptance** of its study data and builds **client trust and stickiness**.
#### 3. **Species Capability & Animal Models**
- **Small Animals**: Rats, mice, rabbits, hamsters, guinea pigs.
- **Large Animals**: Dogs, sheep, goats, mini-pigs, pigs — operational since **January 2025**.
- **Future Expansion**: **Non-Human Primate (NHP) studies** under development — a high-barrier, high-margin segment critical for biologics, gene/cell therapies, and complex vaccines.
- **SPF Rodent Breeding**: India’s **only commercial supplier** and **largest breeder/distributor** of Specific Pathogen-Free (SPF) rodents.
- Proprietary **Knockout Repository** with >4,000 genetically modified lines.
- Partners with **Taconic Biosciences (USA)** and **Cyagen Biosciences** for advanced models.
- Distributor for **Special Diets Services (UK)** and **SAFE Diets (France)**, ensuring premium nutrition.
#### 4. **Strategic Global Partnerships**
- **Taconic Biosciences**: Authorized Indian distributor for SPF rodent models.
- **Cyagen Biosciences**: Provides Indian researchers access to custom transgenic and genome-edited models; distributor since 2016.
- **Elm Hill Labs (USA)**: Source for SPF guinea pig breeders — first commercial distributor in India.
- These alliances position Vivo Bio Tech as a **gateway for global research tools in India**.
#### 5. **Diversified Client Base & Revenue Streams**
- Serves **200+ clients** across pharma, biotech, agrochemical, medical devices, FMCG, and diagnostics.
- Revenue sources include:
- **Fee-for-service**, **milestone-based**, and **project-based** contracts.
- Long-term outsourcing agreements with **U.S. and European multinationals**.
- **Revenue diversification** across sectors reduces cyclicality and enhances stability.
#### 6. **Cost Advantage with Global Quality**
- Leverages **India’s skilled workforce** and **lower operational costs** to deliver high-quality studies at **30–50% lower cost** than U.S./EU CROs.
- Ideal destination for **outsourced IND-enabling studies** and high-complexity research.
---
### **Financial & Operational Highlights**
- **Workforce**: Over **140–300 scientific professionals**, including toxicologists, veterinary pathologists, molecular biologists, and lab technicians. Team includes experts certified by the **American Board of Toxicology**.
- **Leadership**:
- **Chairman**: Mr. Sunder Kanaparthy
- **Dr. Alangudi Sankaranarayanan**: Veteran with 35+ years in pharma R&D, >30 patents, 70+ publications.
- **CFO**: Mr. Sri Kalyan Kompella — expertise in healthcare infrastructure and quality systems.
- **Funding & Investment**:
- Raised **₹18.17 Crores from Canara Bank (Aug 2021)** for an end-to-end drug discovery platform.
- Invested in large animal facility via internal accruals and debt; now operational.
- **Revenue Drivers**:
- First agrochemical data contract worth **₹10.5 Crores (Sep 2025)** — a strategic breakthrough.
- Major **medical device testing contracts** secured with global players.
- **U.S.-driven project growth** at **~20% CAGR**.
---
### **Market Opportunity & Competitive Position**
- **Global CRO Market**: Valued at **$28 billion by 2026** (6% CAGR); rising R&D costs ($2.18B per drug) and low pharma R&D returns (<2%) are driving **outsourcing growth**.
- **India’s Role**: Emerging as a **cost-competitive, OECD-GLP-compliant hub** for preclinical research.
- **Competitive Moats**:
- **High barriers to entry** due to capital, time, regulatory approvals (2-year track record requirement for GLP).
- **Unique infrastructure ownership** (land, facilities).
- **Client stickiness** from regulatory continuity and data confidentiality.
Vivo Bio Tech is **one of the few Indian CROs** capable of end-to-end IND-enabling services. With expansion into large animals, NHP, and bioanalytics, it is positioned to become **India’s leading fully integrated preclinical CRO**.