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Vivo Bio Tech Ltd

VIVOBIOT
BSE
25.75
2.84%
Last Updated:
08 Apr '26, 3:58 PM
Company Overview
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Vivo Bio Tech Ltd

VIVOBIOT
BSE
25.75
2.84%
08 Apr '26, 3:58 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
57Cr
Close
Close Price
25.75
Industry
Industry
Biotechnology
PE
Price To Earnings
10.55
PS
Price To Sales
1.11
Revenue
Revenue
51Cr
Rev Gr TTM
Revenue Growth TTM
11.44%
PAT Gr TTM
PAT Growth TTM
-35.06%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
15129131210121212131314
Growth YoY
Revenue Growth YoY%
-3.62.8-26.9-5.1-20.3-12.530.0-5.04.523.58.910.7
Expenses
ExpensesCr
874666677788
Operating Profit
Operating ProfitCr
745654665555
OPM
OPM%
48.338.852.449.645.843.046.445.440.943.841.340.6
Other Income
Other IncomeCr
000000500000
Interest Expense
Interest ExpenseCr
222222222211
Depreciation
DepreciationCr
222222222333
PBT
PBTCr
300210611122
Tax
TaxCr
100110110010
PAT
PATCr
200110511111
Growth YoY
PAT Growth YoY%
398.6-56.3175.0780.0-64.121.41,484.8-37.943.2688.2-83.452.4
NPM
NPM%
14.01.23.610.36.31.743.46.78.610.76.69.3
EPS
EPS
1.40.10.20.90.50.13.50.60.70.70.50.6

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
182934475655525152454751
Growth
Revenue Growth%
10.360.719.437.718.8-0.9-6.5-0.71.6-13.02.710.2
Expenses
ExpensesCr
152527364643343631242630
Operating Profit
Operating ProfitCr
348111012181622212121
OPM
OPM%
15.813.022.423.117.022.534.130.841.246.443.941.6
Other Income
Other IncomeCr
110000000051
Interest Expense
Interest ExpenseCr
101233448886
Depreciation
DepreciationCr
3345556799910
PBT
PBTCr
013424945496
Tax
TaxCr
000100322221
PAT
PATCr
013324623375
Growth
PAT Growth%
57.696.3175.524.7-28.097.627.9-61.320.3-4.6188.3-37.9
NPM
NPM%
2.63.27.36.64.08.011.04.35.15.615.68.8
EPS
EPS
0.51.02.53.21.83.54.21.61.81.74.82.4

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
999101213131415151722
Reserves
ReservesCr
01371520283237405373
Current Liabilities
Current LiabilitiesCr
282017251921222325382829
Non Current Liabilities
Non Current LiabilitiesCr
4152215910155246453740
Total Liabilities
Total LiabilitiesCr
41465160556480122123137143165
Current Assets
Current AssetsCr
222220282527272632474269
Non Current Assets
Non Current AssetsCr
2024323230375296919010196
Total Assets
Total AssetsCr
41465160556480122123137143165

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
29-611-191417151612
Investing Cash Flow
Investing Cash FlowCr
-2-7-12-5-4-10-23-51-4-8-16
Financing Cash Flow
Financing Cash FlowCr
-107-312935-11-84
Net Cash Flow
Net Cash FlowCr
-11-113-4001000
Free Cash Flow
Free Cash FlowCr
02-186-4-2-9-34118-4
CFO To PAT
CFO To PAT%
485.2970.2-226.0355.9-34.5193.8249.5755.9560.0614.4162.4
CFO To EBITDA
CFO To EBITDA%
80.0237.8-74.2102.1-8.269.080.3105.269.073.657.7

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
038945268256457296457
Price To Earnings
Price To Earnings
0.042.337.317.630.45.611.325.810.825.28.0
Price To Sales
Price To Sales
0.01.32.71.11.20.51.21.10.61.41.2
Price To Book
Price To Book
0.03.87.43.22.50.81.61.20.61.20.8
EV To EBITDA
EV To EBITDA
-1.711.715.76.79.43.95.37.74.26.45.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
82.769.276.179.678.984.586.177.787.091.587.6
OPM
OPM%
15.813.022.423.117.022.534.130.841.246.443.9
NPM
NPM%
2.63.27.36.64.08.011.04.35.15.615.6
ROCE
ROCE%
4.84.610.415.19.212.816.97.410.79.313.1
ROE
ROE%
5.09.019.918.18.313.413.84.75.14.610.3
ROA
ROA%
1.12.04.95.24.17.07.21.82.11.85.1
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**.