Ashish Polyplast Limited

BSE: 522241 NSE: MMFL
Ashish Polyplast Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L17110GJ1994PLC021391 Incorporated 25 February 1994 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: MMFL · BSE: 522241 Public Limited Company manufacturing
Data last updated
Revenue · FY 2025
₹16.15 Cr
▼ 3% YoY
Net profit · FY 2025
₹24.78 Lakh
Net margin 1.5%
EBITDA · FY 2025
₹76.06 Lakh
EBITDA margin 4.7%
Authorised capital
₹3.75 Cr
Registered with MCA
Paid-up capital
₹3.4 Cr
Issued & subscribed
Open charges
₹3.4 Cr
Satisfied ₹2.53 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
15
Provident fund records

About Ashish Polyplast Limited

Data last updated:

Ashish Polyplast Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 25 February 1994 and has been in existence for over 32 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L17110GJ1994PLC021391. Its GSTIN is 24AABCA2779G1ZT (Gujarat). Its shares are listed on BSE: 522241 and NSE: MMFL.

The company has an authorised share capital of ₹3.75 Cr and a paid-up capital of ₹3.4 Cr. It is led by directors including Ashish Dahyabhai Panchal (Managing Director) and Kantaben Panchal.

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.

As per the financials filed for FY 2025, the company reported a revenue of ₹16.15 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹24.78 Lakh (net margin 1.5%) and EBITDA of ₹76.06 Lakh (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.

The company has about 15 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Ashish Polyplast. As per MCA filings, the company has open charges of ₹3.4 Cr and satisfied charges of ₹2.53 Cr on record. Court records list 17 cases involving the company, including 4 filed by the company and 13 filed against it. The company has 17 deals on record (17 market trades); the latest was in August 2024. Its 10 peer companies in the Manufacturing industry (Pipes) are compared by revenue, 5 larger and 5 smaller; the largest is Satya Intl Private Limited.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashishpolyplast.com.

Company Details of Ashish Polyplast Limited
CIN L17110GJ1994PLC021391
Registration Number 021391
Incorporation Date 25 February 1994
ROC Ahmedabad
Listing Status Listed (BSE: 522241, NSE: MMFL)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Ashish Dahyabhai Panchal Managing Director Kantaben Panchal Director Khusboo Fenil Kansara Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    ashishpolyplast.com
  • Social Media
    Locked
  • Registered Address
    501 Fortune Business Hub Near Satyamev Elysium Near Science City, Sola, Ahmedabad, Gujarat, India – 380060
  • Industry
    Manufacturing, Pipe & Tubes
Comprehensive company report
Ashish Polyplast Limited - one report that includes everything
  • 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
  • One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Unlock the full Ashish Polyplast Limited report

Financials, compliance, directors, charges, ownership and filings for Ashish Polyplast Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Ashish Polyplast Limited

The main business activity of Ashish Polyplast is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal productsLocked
Premium access

Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Verified entity values are shown only after access is granted.

Financials of Ashish Polyplast Limited FY 2025 filings available

Ashish Polyplast Limited reported revenue of ₹16.15 Cr (down 3% YoY) for FY 2025.

Revenue · FY 2025
₹16.15 Cr ▼ 3%
Net profit · FY 2025
₹24.78 Lakh margin 1.5%
EBITDA · FY 2025
₹76.06 Lakh margin 4.7%

Compounded Annual Growth Rate (CAGR) of Ashish Polyplast Limited

Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 1%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 44%
3 years · compounded
▲ 7%
5 years · compounded
▲ 11%

Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 44% 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 of Ashish Polyplast Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹16.15 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹76.06 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹24.78 Lakh••••••••••••••••
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 of Ashish Polyplast Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin4.7%••••••••••••••••
Net Profit Margin1.5%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ashish Polyplast are in the company report.

Premium access

Financial statements from 2015

Earlier years and trend charts are in the company report.

  • Income statements
  • Balance sheets
  • Cash-flow statements
  • Ratios and benchmarks

Verified entity values are shown only after access is granted.

Peer Comparison of Ashish Polyplast Limited

Ashish Polyplast Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Pipes). Revenue, net profit, margin and growth of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Satya Intl Private Limited••••••••••••••••-Hisar, Haryana, India
SRM Plasto Private Limited••••••••••••••••12Shillong, Meghalaya, India
Aman Pipes Private Limited••••••••••••••••-Jaipur, Rajasthan, India
Parvati Polyextrusion (I) Private Limited••••••••••••••••-Miraj, Maharashtra, India
Dharani Pipes Private Limited••••••••••••••••17Koppal, Karnataka, India
Ashish Polyplast Limited this company••••••••••••••••-Ahmedabad, Gujarat, India
Opticon Pipes Private Limited••••••••••••••••12New Delhi, Delhi, India
Mathura Polymers Private Limited••••••••••••••••-Chennai, Tamil Nadu, India
Falcon Tubes Pvt Ltd••••••••••••••••73Siliguri, West Bengal, India
Aakash Pipes Private Limited••••••••••••••••-Delhi, India
Kavery Tubing Solutions Private Limited••••••••••••••••-Ghandinagar, Gujarat, India

Peers are the five companies nearest above and the five nearest below Ashish Polyplast by revenue in the Manufacturing industry (Pipes), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.

Auditor Details of Ashish Polyplast Limited

Ashish Polyplast Limited is audited by M R PANDHI & ASSOCIATES for the financial year 2023.

NameStatusAppointment DateCessation Date
M R PANDHI & ASSOCIATESLockedLockedLocked
Premium access

Complete auditor history

Appointment and cessation dates and past auditor changes are in the company report.

  • Appointment status
  • Appointment dates
  • Cessation dates
  • Auditor changes

Verified entity values are shown only after access is granted.

Board of Directors of Ashish Polyplast Limited

Ashish Polyplast has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kantaben PanchalDirector07 Apr 199630 Years 6 MonthsCurrent
Ashish Dahyabhai PanchalManaging Director16 Jan 200125 Years 8 MonthsCurrent
Khusboo Fenil KansaraDirector30 Aug 20224 Years 1 MonthsCurrent
Shrikant Kodarlal PriydarshiDirector03 Oct 20242 Years 0 MonthsCurrent
View all directors

Ownership and Shareholding of Ashish Polyplast Limited

Premium access

Shareholding and ownership data

Promoter, institutional, public and beneficial ownership figures are in the company report.

  • Ownership categories
  • Historical changes
  • Group structure
  • FII and DII holdings

Verified entity values are shown only after access is granted.

Charges & Borrowings of Ashish Polyplast Limited

Open charges
₹3.4 Cr
Satisfied charges
₹2.53 Cr
Breakdown by lending institutions
Others₹3.00 Cr
Hdfc Bank Limited₹0.40 Cr
Latest charge details
DateLenderAmountStatus
07 Nov 2022Hdfc Bank Limited₹39.81 LakhOpen
29 Jan 2016Others₹3 CrOpen
06 Jan 2003Canara Bank₹80,000Satisfied
21 May 2001Canara Bank₹2.25 LakhSatisfied
15 Mar 2001Canara Bank₹42,000Satisfied

Total charge records: 8 View all charges

Deals & Funding of Ashish Polyplast Limited

Ashish Polyplast Limited has 17 deals on record (17 market trades); the latest was in August 2024.

Total deals
17
Market trades
17

Deals on record (5 of 17)

WhenDealAmountParties
Aug 2024Market trade₹15.9 LakhBuyer: an individual
Mar 2024Market trade₹6.7 LakhBuyer: an individual
Seller: an individual
Mar 2022Market trade₹17.1 LakhBuyer: an individual
Seller: an individual
Jul 2017Market trade₹9.1 LakhBuyer: an individual
Seller: VSL Securities Private Limited
Sep 2005Market trade₹6.4 LakhSeller: Ashish Agro-Plast Pvt Ltd
Premium access

Full deal history

All 17 deals with amounts, valuations, instruments and every party are in the company report.

  • Every funding round and share transfer
  • Amounts and valuations
  • Investors, buyers and sellers
  • Instruments and deal dates

Verified entity values are shown only after access is granted.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Associated Brands with Ashish Polyplast Limited

Ashish Polyplast operates one associated brand: Ashish Polyplast. Each brand links to its own profile.

BrandDescriptionWebsite
Ashish Polyplast
Maritime legal services and dispute resolution are provided.ashishpolyplast.com

Employees and EPFO Compliance at Ashish Polyplast Limited

Ashish Polyplast Limited has a workforce of 15 employees as of Apr 08, 2024.

Employee count
15
Active EPFO establishments
1
Employee growth
-11.76%
Premium access

Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

  • Monthly headcount
  • PF contributions
  • ECR filing status
  • Establishment history

Verified entity values are shown only after access is granted.

CIN History of Ashish Polyplast Limited

Ashish Polyplast has one previous CIN (Corporate Identification Number): U17110GJ1994PLC021391. The current CIN is L17110GJ1994PLC021391, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L17110GJ1994PLC021391Current
U17110GJ1994PLC021391Previous

News related to Ashish Polyplast Limited

Recent Activity on Ashish Polyplast Limited

Ashish Polyplast Limited has 26 board changes on record since 1994: 15 appointments and 11 cessations. The latest: Dipti Sharma ceased to be Company Secretary on 31 Jul 2025.

AGM
Ashish Polyplast Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Ceased
Dipti Sharma ceased to be Company Secretary.
Filing
Ashish Polyplast Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Shrikant Kodarlal Priydarshi was appointed as Director.
Ceased
Rakesh Narottamdas Panchal ceased to be Director.
Appointed
Dipti Sharma was appointed as Company Secretary.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.40 Cr with Charge ID 100645322 was registered on 07 Nov 2022.
Appointed
Khusboo Fenil Kansara was appointed as Director.
Ceased
Dhyanesh Prafulchandra Bhatt ceased to be Director.
Charges
A charge with Others of Rs. 3.00 Cr registered on 29 Jan 2016 with Charge ID 10616444 was modified on 28 Oct 2021.
Appointed
Dhyanesh Prafulchandra Bhatt was appointed as Director.
Ceased
Dhwani Kansara Jimish ceased to be Director.

33 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Ashish Polyplast Limited

Premium access

Credit ratings, litigation, and regulatory alerts

Credit ratings, court records and regulatory alerts are in the company report.

  • Rating history
  • Court and tribunal cases
  • Regulatory alerts
  • Director-linked violations

Verified entity values are shown only after access is granted.

MSME Payment Delays by Ashish Polyplast Limited

Premium access

MSME payment history

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

  • Outstanding amounts
  • Delay periods and reasons
  • MSME-1 filing history
  • Vendor payment signals

Verified entity values are shown only after access is granted.

Subsidiaries & Group Companies of Ashish Polyplast Limited

Premium access

Corporate group structure

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

  • Parent company
  • Subsidiaries and ownership
  • Associates and joint ventures
  • Entity investments

Verified entity values are shown only after access is granted.

GST Compliance of Ashish Polyplast Limited

Ashish Polyplast has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AABCA2779G1ZTGujaratActive01 Jul 2017
Premium access

GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

  • GSTIN registrations
  • State-wise filing status
  • HSN and SAC details
  • Tax jurisdiction records

Verified entity values are shown only after access is granted.

MCA Filings & Documents of Ashish Polyplast Limited

Premium access

MCA filings and documents

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

  • Incorporation documents
  • Annual returns and statements
  • Charge filings
  • Complete filing index

Verified entity values are shown only after access is granted.

Frequently Asked Questions about Ashish Polyplast Limited

Ashish Polyplast is an active public limited company based in Ahmedabad, Gujarat, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 25 February 1994 (32+ years old) and is registered under CIN L17110GJ1994PLC021391. Listed on BSE: 522241 and NSE: MMFL.

Ashish Polyplast reported revenue of ₹16.15 Cr for FY 2025 (down 3% YoY).

Ashish Polyplast has 4 current directors:

Ashish Polyplast reported a net profit of ₹24.78 Lakh (net margin 1.5%) and EBITDA of ₹76.06 Lakh (EBITDA margin 4.7%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Ashish Polyplast is -1% over three years and 5% over five years. In the latest year (FY 2025) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Ashish Polyplast is 24AABCA2779G1ZT, registered in Gujarat.

The CIN (Corporate Identification Number) of Ashish Polyplast is L17110GJ1994PLC021391. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Ashish Polyplast is listed on both BSE (code: 522241) and NSE (symbol: MMFL).

Ashish Polyplast has 17 court cases on record: 4 filed by the company and 13 filed against it. Most are in the district courts.

Ashish Polyplast was incorporated on 25 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Ashish Polyplast has 17 deals on record (17 market trades); the latest was in August 2024.

7M+ Indian companies. One platform.

Financials, directors, compliance, charges and shareholding - compiled from official filings and updated regularly.

Subscription plans available