Detailed Project Report
Capsule Shells and Medicine Blister Foil
—
Prepared on: 13 November 2026 · Prepared with Building Business DPR (buildingbusiness.in)
01 Project at a glance
- Total project cost
- ₹89.25 L
- Term loan from bank
- ₹80.33 L
- Promoter’s contribution
- ₹8.93 L
- Sales · Year 3
- ₹0.00 L
- Profit after tax · Year 3
- ₹-20.96 L
- Average DSCR
- -0.32
- Break-even (% of capacity used)
- —
02 Promoter and unit
| Promoter name | — |
|---|---|
| Business / firm name | — |
| Legal form | Proprietorship |
| Address of the unit | — |
| Applicant category | General · Rural |
03 The project
Make empty gelatin and vegetarian capsule shells plus printed blister and strip foils for medicine makers.
| Main product or service | Capsule Shells and Medicine Blister Foil |
|---|---|
| Installed capacity per year (at 100%) | 10,000 units |
04 Market
- Pharmaceutical formulation units
- Contract manufacturing organisations
- Nutraceutical companies
- Ayurvedic, herbal and veterinary medicine makers
- Hospitals and government supply chains
- Direct supply contracts after vendor approval
- Pharma clusters such as Haridwar and Baddi
05 Plant and machinery
| Item | Qty | ₹ | Total ₹ |
|---|---|---|---|
| Blister foil lamination machine | 1 | 0 | 0 |
| Rotogravure printing machine | 1 | 0 | 0 |
| Slitting and rewinding machine | 1 | 0 | 0 |
| Capsule shell dipping machine (× 2) | 1 | 0 | 0 |
| Drying tunnels (× 2) | 1 | 0 | 0 |
| Trimming and joining machine (× 2) | 1 | 0 | 0 |
| Air handling unit (clean-room control) | 1 | 0 | 0 |
| Quality testing equipment (thickness, strength, microbial) (× 1 set) | 1 | 0 | 0 |
| Plant & machinery in total | 1 | 85,00,000 | 85,00,000 |
| Total | 85,00,000 |
Pre-filled from: Uttarakhand DUY project profile — Pharmaceutical Medicine Wrappers and Capsule Shell Manufacturing Unit; World Customs Organization – HS Nomenclature 2022, Chapter 96. Prices in older reports will have gone up — enter today’s quotations.
06 Raw materials
- Pharma-grade aluminium foil, 20–25 micron — 1,300 MT a year at ₹220/kg in the profile
- PVC / PVDC film (250 micron pharma grade PVC) — 900 MT a year at ₹180/kg
- Pharma-grade gelatin (bovine or fish) — 1,200 MT a year at ₹350/kg
- HPMC (vegetarian) — 300 MT a year at ₹800/kg
- Printing inks, solvents, approved colourants and purified water — inks and solvents ₹2.50 Cr, colourants and additives ₹1.20 Cr a year (lump sums)
07 Cost of project
| ₹ in lakh | |
|---|---|
| Plant and machinery | 85.00 |
| Contingency | 4.25 |
| Total fixed capital | 89.25 |
| Working capital margin | 0.00 |
| Total project cost | 89.25 |
08 Means of finance
| ₹ in lakh | % | |
|---|---|---|
| Promoter’s contribution | 8.93 | 10.0 |
| Term loan from bank | 80.33 | 90.0 |
| Total | 89.25 | 100.0 |
| Working capital loan (outside project cost) | 0.00 |
09 Key assumptions
| Selling price | ₹0 per units |
|---|---|
| Raw material & packing cost | ₹0 per units |
| Capacity used each year | 60% · 70% · 80% · 80% · 80% · 80% · 80% |
| Term loan interest rate (% a year) | 11% · 84 months (Moratorium 6) |
| Working capital method | Turnover method (RBI) · Working capital interest (% a year) 11% |
| Income tax rate | 25% |
| Yearly price and cost rise | 0% |
10 Production and sales
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Capacity used | 60% | 70% | 80% | 80% | 80% | 80% | 80% |
| Production (units) | 6,000 | 7,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 |
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
11 Projected profitability
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw material and packing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Power and fuel | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Salaries and wages | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 | 2.88 |
| Rent | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Administration | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling and distribution | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Repairs and maintenance | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 |
| Insurance | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 |
| Total cost of operations | 5.11 | 5.11 | 5.11 | 5.11 | 5.11 | 5.11 | 5.11 |
| Operating profit (EBITDA) | -5.11 | -5.11 | -5.11 | -5.11 | -5.11 | -5.11 | -5.11 |
| Depreciation | 13.39 | 11.38 | 9.67 | 8.22 | 6.99 | 5.94 | 5.05 |
| Preliminary expenses written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest on term loan | 8.69 | 7.53 | 6.17 | 4.81 | 3.46 | 2.10 | 0.74 |
| Interest on working capital | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -27.19 | -24.02 | -20.96 | -18.15 | -15.55 | -13.15 | -10.90 |
| Income tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit after tax | -27.19 | -24.02 | -20.96 | -18.15 | -15.55 | -13.15 | -10.90 |
12 Cash flow
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Profit after tax | -27.19 | -24.02 | -20.96 | -18.15 | -15.55 | -13.15 | -10.90 |
| Depreciation | 13.39 | 11.38 | 9.67 | 8.22 | 6.99 | 5.94 | 5.05 |
| Cash accruals (PAT + depreciation) | -13.81 | -12.64 | -11.28 | -9.93 | -8.57 | -7.21 | -5.85 |
| Term loan repaid | 6.18 | 12.36 | 12.36 | 12.36 | 12.36 | 12.36 | 12.36 |
| Owner’s drawings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Surplus after repayment | -19.98 | -25.00 | -23.64 | -22.28 | -20.92 | -19.56 | -18.21 |
| Cash and bank | -19.98 | -44.99 | -68.63 | -90.91 | -111.84 | -131.40 | -149.61 |
13 Projected balance sheet
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Capital (own + subsidy) | 8.93 | 8.93 | 8.93 | 8.93 | 8.93 | 8.93 | 8.93 |
| Reserves and surplus | -27.19 | -51.22 | -72.17 | -90.32 | -105.88 | -119.02 | -129.92 |
| Term loan outstanding | 74.15 | 61.79 | 49.43 | 37.07 | 24.72 | 12.36 | 0.00 |
| Working capital loan | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 55.88 | 19.50 | -13.82 | -44.32 | -72.24 | -97.74 | -120.99 |
| Net fixed assets | 75.86 | 64.48 | 54.81 | 46.59 | 39.60 | 33.66 | 28.61 |
| Preliminary expenses not written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current assets (stock and debtors) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash and bank | -19.98 | -44.99 | -68.63 | -90.91 | -111.84 | -131.40 | -149.61 |
| Total assets | 55.88 | 19.50 | -13.82 | -44.32 | -72.24 | -97.74 | -120.99 |
14 Ratios and break-even
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Debt service coverage ratio (DSCR) | -0.34 | -0.26 | -0.28 | -0.30 | -0.32 | -0.35 | -0.39 |
| Break-even (% of capacity used) | — | — | — | — | — | — | — |
| Cash break-even | — | — | — | — | — | — | — |
| Average DSCR | -0.32 |
|---|---|
| Lowest DSCR | -0.39 |
| Payback period | — |
15 Depreciation
| Year → (₹ in lakh) | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Depreciation | 13.39 | 11.38 | 9.67 | 8.22 | 6.99 | 5.94 | 5.05 |
Written-down value method at Income-tax Rules block rates (building 10%, plant & machinery 15%, furniture 10%, computers 40%). Change them if your CA uses other rates.
16 Term loan repayment
| Year | Opening | Interest | Term loan repaid | Closing |
|---|---|---|---|---|
| 1 | 80.33 | 8.69 | 6.18 | 74.15 |
| 2 | 74.15 | 7.53 | 12.36 | 61.79 |
| 3 | 61.79 | 6.17 | 12.36 | 49.43 |
| 4 | 49.43 | 4.81 | 12.36 | 37.07 |
| 5 | 37.07 | 3.46 | 12.36 | 24.72 |
| 6 | 24.72 | 2.10 | 12.36 | 12.36 |
| 7 | 12.36 | 0.74 | 12.36 | 0.00 |
17 Licences and registrations
- Udyam registration
- GST registration
- State Drug Controller / State FDA approvals
- GMP compliance; ISO 9001 and ISO 15378 for primary packaging materials
- State Pollution Control Board consent to establish and operate
- FSSAI licence if you supply nutraceutical packaging
- Factory licence
18 Government schemes that may apply
- Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
19 Sources
- Uttarakhand DUY project profile — Pharmaceutical Medicine Wrappers and Capsule Shell Manufacturing Unit — https://duy-heduk.org/downloads/project-profiles/Project%20Profile%20305.pdf
- World Customs Organization – HS Nomenclature 2022, Chapter 96 — https://www.wcoomd.org/-/media/wco/public/global/pdf/topics/nomenclature/instruments-and-tools/hs-nomenclature-2022/2022/2096_2022e.pdf
- World Customs Organization – HS Nomenclature 2022, Chapter 76 — https://www.wcoomd.org/-/media/wco/public/global/pdf/topics/nomenclature/instruments-and-tools/hs-nomenclature-2022/2022/1576_2022e.pdf
This report is a projection from the figures entered by the promoter. It is not a bank appraisal or a guarantee of a loan or subsidy. Check every figure with current quotations and your chartered accountant before submitting it.