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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2022-23)
Investment Thesis
Celestial Biolabs Limited is a Hyderabad-based herbal and nutraceutical company incorporated in 1997 that was compulsorily delisted by SEBI in 2015. Despite maintaining 'active' corporate status per MCA records, the near-face-value share price of ₹1.21 reflects extreme investor skepticism about the company's current viability. While India's herbal and nutraceutical sector offers genuine long-term growth prospects, Celestial Biolabs' regulatory history (SEBI delisting), minimal share price, and limited public disclosures make it a very high-risk position. Investors should treat this as a distressed or speculative position and conduct thorough independent legal and financial due diligence before any exposure.
Pros
Cons
Business Segments
Ayurvedic & Herbal Products
Manufacturing of Ayurvedic products; herbal, enzyme, and nutraceutical health products for men, women, and children.
Feed Supplements
Trading of animal and livestock feed supplement formulations.
Revenue Model
Celestial Biolabs Limited generates (or historically generated) revenue through the manufacture and distribution of herbal products, nutraceuticals, and Ayurvedic formulations to wholesale distributors, healthcare retailers, pharmacies, and potentially direct-to-consumer channels. Given the post-delisting status and near face-value share price, current revenue levels and operational activity cannot be independently confirmed.
Detailed Analysis
Growth Plans
India's herbal and nutraceutical market is growing rapidly driven by wellness trends and government support for AYUSH sector
A potential restructuring, change of management, or re-compliance process could revive investor interest
Growing export demand for Indian herbal products in Western and Asian markets
Industry Tailwinds
India's herbal and nutraceutical market is growing rapidly driven by wellness trends and government support for AYUSH sector
Recent Developments
Celestial Biolabs Limited was compulsorily delisted by SEBI in 2015 due to non-compliance with listing regulations. The company's shares were removed from the stock exchange, and it transitioned to unlisted status. The company's active MCA status indicates it has not been wound up.
2015Frequently Asked Questions
About Celestial Biolabs
Celestial Biolabs Limited is a Hyderabad-based biopharmaceutical company incorporated in 1997 and listed on both BSE and NSE (CIN: L72200TG1997PLC028374). The company operates in the herbal formulations, nutraceuticals, and feed supplement segment — developing and marketing plant-based health products for human and animal use. Product categories include herbals, enzymes, and nutraceuticals aligned with India's growing wellness and natural health market. Hyderabad is India's pharmaceutical capital — home to companies like Dr. Reddy's Laboratories, Aurobindo Pharma, and hundreds of API and formulation manufacturers — giving Celestial Biolabs proximity to a rich talent pool and supplier network for pharmaceutical and biotech development. The company is GMP (Good Manufacturing Practice) certified and ISO 9001:2008 certified, indicating it meets quality standards for pharmaceutical production. Despite its BSE and NSE listings, Celestial Biolabs operates at very small scale — Screener.in records revenue of approximately ₹0.14 crore, which represents near-dormant operations. The company's RocketReach profile cites $6 million (~₹50 crore) in 2025 annual revenue, but this discrepancy may reflect different reporting methodologies. At either scale, the company is a micro-cap entity in the listed pharmaceutical universe. The nutraceuticals and herbal supplement market in India is growing rapidly, driven by post-COVID health awareness and growing demand for natural health solutions. Companies like Celestial Biolabs with GMP-certified manufacturing can potentially participate in this growth, though conversion from small-scale operations to meaningful market presence requires significant investment in product development, marketing, and distribution.
Key Milestones
Incorporated November 19, 1997 as Celestial Technologies Private Limited, Hyderabad (CIN: L72200TG1997PLC028374)
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
A potential restructuring, change of management, or re-compliance process could revive investor interest
Growing export demand for Indian herbal products in Western and Asian markets
Industry Headwinds
Unresolved SEBI delisting grounds creating persistent regulatory uncertainty
Near-face-value share price reflecting near-zero equity value perception
Limited operational transparency post-delisting
Intense competition from large established herbal and nutraceutical brands
Near-dormant operations — Screener.in reports revenue of ~₹0.14 crore
Source: Company Financial Filings
Very small scale despite BSE/NSE listing status
Source: AlphaHub Research
The 2015 compulsory delisting by SEBI is a serious regulatory red flag. Companies delisted by SEBI for non-compliance face reputational damage, restricted capital market access, and reduced investor confidence. The underlying compliance failure has not been publicly clarified.
A share price of ₹1.21 (close to face value) signals that the market has almost entirely written off the company's equity value. This could reflect near-dormant operations, accumulated losses, or unresolved regulatory/legal issues.
Post-delisting, Celestial Biolabs has reduced public disclosure obligations. Financial statements, director information, and operational updates may not be regularly filed or accessible.
The herbal and nutraceutical sector in India is dominated by well-capitalized players including Dabur, Himalaya Drug Company, Patanjali, Zandu (Emami), and a large unorganized sector. A small, financially constrained player faces significant competitive disadvantages.
Herbal and nutraceutical manufacturers must comply with FSSAI, AYUSH Ministry, and drug regulatory requirements. Any history of non-compliance could affect product approvals, manufacturing licenses, or export certifications.
Converted to public company December 6, 1999; renamed Celestial Technologies Limited
Renamed Celestial Labs Limited (February 13, 2004); then renamed Celestial Biolabs Limited
BSE: 532871, NSE: CELESTIAL, ISIN: INE221I01017; revenue ₹0.14 Cr (FY23)
Registered at Plot No 82, Venkat Reddy Nagar, Narapally, Medchal-Malkajgiri, Hyderabad 500039
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