About Gujarat Sidhee Cement Limited
Data last updated:
Gujarat Sidhee Cement Limited was a public limited company based in Sidheegram, Gujarat, India, operated as a subsidiary of Hadra Textiles And Trading Pvt.Ltd. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the cement and cement products segment of the manufacturing sector. It was incorporated on 29 March 1973.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L26940GJ1973PLC002245. Its GSTIN is 24AAACG8057G1ZP (Gujarat). The company held 3 GST registrations, of which 2 are active. It is recorded as listed by MCA, but its shares were delisted from BSE on 02 Mar 2024 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹543.1 Cr and a paid-up capital of ₹89.4 Cr. It was formerly known as Cement Corporation of Gujarat Limited. It was led by directors including Jay Mahendra Mehta (Managing Director) and Mohinderpal Singh Gilotra (Managing Director).
Its last annual general meeting (AGM) was held on 27 July 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at At Sidheegram Po Prashnawada Bo Via Sutrapada So Taluka Dist Gir Somnat, H, Gujarat, India – 362275.
As per the financials filed for FY 2022, the company reported a revenue of ₹710.47 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹20.17 Cr (net margin 2.8%) and EBITDA of ₹45.61 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 7% over five years.
The company had about 323 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 3 brands: Mehta Group, Gujarat Sidhee Cement and Saurashtra Cement. Court records list 187 cases involving the company, including 113 filed by the company and 75 filed against it; 12 cases are pending. The company has 10 deals on record (7 market trades, 3 funding rounds), with disclosed funding of ₹52.33 Cr; the latest was in July 2022. Its 5 peer companies in the Manufacturing industry (Cement and Cement Products), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 4 larger and 1 smaller; the largest is Dalmia Cement East Limited with revenue of ₹917.04 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2022, listing 11 overdue payments to 9 micro and small suppliers.
The last known website on record is hathi-sidheecements.com.
Company details
Contact details
Gujarat Sidhee Cement Limited's registered office is in Sidheegram, Gujarat. Its website is hathi-sidheecements.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAt Sidheegram Po Prashnawada Bo Via Sutrapada So Taluka Dist Gir Somnat, H, Gujarat, India – 362275
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Gujarat Sidhee Cement Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Gujarat Sidhee Cement operates multiple associated brands including Mehta Group, Gujarat Sidhee Cement, and Saurashtra Cement. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cement and building materials are manufactured for construction needs. | mehtagroup.com | |
| Cement and building materials are manufactured by Gujarat Sidhee Cement. | gujaratsidheecementlimited.com | |
| Cement and building materials are manufactured and supplied in India. | hathi-sidheecements.com |
Business activity
The main business activity of Gujarat Sidhee Cement is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Gujarat Sidhee Cement Limited, buy the company report.
Financials of Gujarat Sidhee Cement Limited
FY 2022 filings availableGujarat Sidhee Cement Limited reported revenue of ₹710.47 Cr (up 24% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 24% growth in the latest year. EBITDA fell 29% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹710.47 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹45.61 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.17 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.4% | ||||
| Net Profit Margin | 2.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Gujarat Sidhee Cement Limited, buy the company report.
Board of directors and KMP of Gujarat Sidhee Cement Limited
Gujarat Sidhee Cement Limited currently reports 14 directors and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesh Satyaraj Mysore Also directs: Knight Riders Sports Private Limited, Vvpam Mysore LLP, Aditya Birla Fashion and Retail Limited and 2 more | Director | 29 Oct 2010 | 15 Years 11 Months | As last reported |
| Hemnabh Ranvir Khatau | Director | 25 Oct 2008 | 18 Years 0 Months | As last reported |
| Juhi Desraj Chawla | Director | 31 May 2014 | 12 Years 4 Months | As last reported |
| Ashwani Kumar | Director | 12 Feb 2019 | 7 Years 8 Months | As last reported |
| Kailash Nath Bhandari Also directs: Kenbee Consultants LLP, Venus Pipes & Tubes Limited, Hindalco-Almex Aerospace Limited and 1 more | Director | 31 May 2014 | 12 Years 4 Months | As last reported |
| Muttavarapu Nageswara Rao | Director | 31 May 2014 | 12 Years 4 Months | As last reported |
Peer comparison
Gujarat Sidhee Cement Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Cement and Cement Products), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dalmia Cement East Limited | ₹917.04 Cr (FY 2017) | 28.0% | Tiruchirappalli, Tamil Nadu, India | |||
| KJS Cement (I) Limited | ₹912.18 Cr (FY 2025) | -16.0% | New Delhi, Delhi, India | |||
| Star Cement Meghalaya Limited | ₹800.12 Cr (FY 2025) | -23.0% | Khliehriat, Meghalaya, India | |||
| Shree Digvijay Cement Co Limited | ₹735.04 Cr (FY 2025) | -8.0% | Jamnagar, Gujarat, India | |||
| Gujarat Sidhee Cement Limitedthis company | ₹710.47 Cr (FY 2022) | ₹20.17 Cr | 2.8% | 24.0% | 323 | Sidheegram, Gujarat, India |
| Ual Industries Limited. | ₹685.48 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Gujarat Sidhee Cement Limited, buy the company report.
Auditor
Gujarat Sidhee Cement Limited is audited by BANSI S. MEHTA & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANSI S. MEHTA & CO. | FY 2022 | 100991W |
Shareholding
The shareholding of Gujarat Sidhee Cement Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gujarat Sidhee Cement Limited, buy the company report.
Deals & funding
Gujarat Sidhee Cement Limited has 10 deals on record (7 market trades, 3 funding rounds), with disclosed funding of ₹52.33 Cr; the latest was in July 2022.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Funding round | ₹10.1 Lakh | Investors: 3 individuals |
| Jun 2021 | Market trade | ₹2.36 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jan 2021 | Market trade | ₹4.26 Cr | Buyer: Shubham Financial Services, NK Securities Research Private Limited Seller: Shubham Financial Services, NK Securities Research Private Limited |
| May 2014 | Funding round | ₹50 Cr | Investors: Bhadra Textiles and Trading Private Limited , Gujarat Industrial Investment Corporation Limited |
| Dec 2007 | Market trade | ₹18.68 Cr | Buyer: JMP Securities Private Limited , Naman Sec And Fin Pvt Ltd Seller: JMP Securities Private Limited , Naman Sec And Fin Pvt Ltd |
To see the full deal history of Gujarat Sidhee Cement Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gujarat Sidhee Cement Limited has 187 court cases on record: 113 filed by Gujarat Sidhee Cement, 75 filed against it. 12 cases are pending and 175 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 95 | 46 | 6 |
| District courts | 72 | 15 | 5 |
| Supreme Court | 18 | 14 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 187)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against Rainbow Corporation Ltd and Anothr Two and 1 other | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed by the company against Ms. Surat Chemsul Agencies Pvt. Ltd. | Pending |
| High Court | Court case (CFA) | Filed against the company by M/S Shram Shakti Polytex Pvt.Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (ALP) | Filed by the company against Rainbow Corporation Ltd and Anr | Disposed |
| High Court, MAHARASHTRA | Court case (OLR) | Filed against the company by Official Liquidator of Rainbow Corporation Ltd. (in Liquidation) | Disposed |
To see the full case history of Gujarat Sidhee Cement Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Gujarat Sidhee Cement Limited was last rated by Brickwork on 30 Mar 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 30 Mar 2019 |
To see the full credit ratings and regulatory alerts of Gujarat Sidhee Cement Limited, buy the company report.
MSME payment delays
Gujarat Sidhee Cement Limited has 4 MSME Form 1 returns on record between 2019 and 2022, listing 11 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sark Poly Tex Fab | |||
| Agrawal Woven Polymers | |||
| an individual supplier | |||
| an individual supplier | |||
| Delta Power Solutions India Private Limited |
To see the full MSME payment records of Gujarat Sidhee Cement Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Gujarat Sidhee Cement Limited has a workforce of 323 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Gujarat Sidhee Cement has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG8057G1ZP | Gujarat | Active | 01 Jul 2017 |
| 27AAACG8057G1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gujarat Sidhee Cement Limited, buy the company report.
Recent activity
Gujarat Sidhee Cement Limited has 47 board changes on record since 1984: 31 appointments and 16 cessations. The latest: Leena Digambar Katdare was appointed as Additional Director on 02 Nov 2022.
38 earlier events are in the company report.
Frequently asked questions
Gujarat Sidhee Cement has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Gujarat Sidhee Cement was a public limited company based in Sidheegram, Gujarat, India. The company worked in cement and cement products, within the manufacturing industry. It was incorporated on 29 March 1973 and is registered under CIN L26940GJ1973PLC002245. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Gujarat Sidhee Cement was incorporated on 29 March 1973. It is registered with the Registrar of Companies, Ahmedabad.
Gujarat Sidhee Cement had 15 directors and KMP:
- Jay Mahendra Mehta - Managing Director
- Mohinderpal Singh Gilotra - Managing Director
- Venkatesh Satyaraj Mysore - Director
- Hemnabh Ranvir Khatau - Director
- Juhi Desraj Chawla - Director
- Ashwani Kumar - Director
- Kailash Nath Bhandari - Director
- Muttavarapu Nageswara Rao - Director
- Mahendra Nanjibhai Mehta - Director
- Leena Digambar Katdare - Additional Director
- Manoharlal Tandon - Director
- Nagaraja Sarma Maddipatla - Director Appointed In Casual Vacancy
- Bimal Ramesh Thakkar - Director
- Bhagyam Ramani - Director
- Virendra Raj Mohnot - Company Secretary
The CIN (Corporate Identification Number) of Gujarat Sidhee Cement is L26940GJ1973PLC002245. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gujarat Sidhee Cement is recorded as a listed company by MCA, but its shares were delisted from BSE on 02 Mar 2024 · merger, and no longer trade on a stock exchange.
The registered office of Gujarat Sidhee Cement is at At Sidheegram Po Prashnawada Bo Via Sutrapada So Taluka Dist Gir Somnat, H, Gujarat, India – 362275.
Gujarat Sidhee Cement can be reached through the website hathi-sidheecements.com. Its registered office is in Sidheegram, Gujarat, India.
The latest financial statements of Gujarat Sidhee Cement on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 27 July 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Gujarat Sidhee Cement is 24AAACG8057G1ZP, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACG8057G1ZJ (Maharashtra).
Gujarat Sidhee Cement operated in the manufacturing industry, in the cement and cement products segment.
Gujarat Sidhee Cement has 10 deals on record (7 market trades, 3 funding rounds), with disclosed funding of ₹52.33 Cr; the latest was in July 2022.