About Ashish Polyplast Limited
Data last updated: 04 February 2026
Ashish Polyplast Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in pipe and tubes, a part of the broader manufacturing sector. Incorporated on 25 February 1994, the company has been in operation for over 32 years.
Registered with ROC Ahmedabad under CIN L17110GJ1994PLC021391. Listed on BSE: 522241 and NSE: MMFL.
Capital: an authorised share capital of ₹3.75 Cr and a paid-up capital of ₹3.4 Cr. It is led by directors including Kantaben Panchal and Ashish Dahyabhai Panchal.
Last AGM: 27 September 2025. Financial statements filed for year ended 31 March 2025. Office: 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.
The company has a workforce of approximately 15 employees as per the latest available data.
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.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered Address501 Fortune Business Hub Near Satyamev Elysium Near Science City, Sola, Ahmedabad, Gujarat, India – 380060
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IndustryManufacturing, Pipe & Tubes
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Ashish Polyplast Limited
Ashish Polyplast Limited has one previous CIN (Corporate Identification Number): U17110GJ1994PLC021391. The current CIN is L17110GJ1994PLC021391, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17110GJ1994PLC021391 | Current |
| U17110GJ1994PLC021391 | Previous |
Associated Brands with Ashish Polyplast Limited
Ashish Polyplast Limited operates one associated brand: Ashish Polyplast. These brands represent Ashish Polyplast Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Maritime legal services and dispute resolution are provided. | ashishpolyplast.com |
Business Activity of Ashish Polyplast Limited
Ashish Polyplast Limited is engaged in the principal business activity of manufacturing, with detailed activities including plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | ********* |
Auditor Details of Ashish Polyplast Limited
Ashish Polyplast Limited is audited by M R Pandhi & Associates (ICAI peer reviewed, certificate valid till 2027-09-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M R Pandhi & Associates (ICAI peer reviewed, certificate valid till 2027-09-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Ashish Polyplast Limited
Ashish Polyplast Limited is currently managed by 7 directors, with 15 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Kantaben Panchal
Also directs:
Ashish Polyplast Limited
|
Director | 07 Apr 1996 | 30 Years 3 Months | Current |
|
Ashish Dahyabhai Panchal
Also directs:
Ashish Polyplast Limited
|
Nodal Officer | 03 Sep 2019 | 6 Years 10 Months | Current |
|
Khushbu Mahendrabhai Kansara
Also directs:
Ashish Polyplast Limited
|
Director | 30 Aug 2022 | 3 Years 10 Months | Current |
|
Shrikant Kodarlal Priydarshi
Also directs:
Ashish Polyplast Limited
|
Director | 03 Oct 2024 | 1 Years 9 Months | Current |
Financials of Ashish Polyplast Limited FY 2026 filings available
Ashish Polyplast Limited reported revenue of ₹15.02 Cr (down 6.21% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹15.02 Cr | ₹16.01 Cr | ₹15.94 Cr | ₹16.03 Cr | ₹16.24 Cr | ₹12.71 Cr | ₹12.72 Cr | ₹13.95 Cr |
| Other Income | ₹50,000 | ₹13.22 Lakh | ₹75.58 Lakh | ₹3.19 Lakh | ₹20.86 Lakh | ₹24.37 Lakh | ₹1.83 Lakh | ₹58,000 |
| Total Income | ₹15.03 Cr | ₹16.15 Cr | ₹16.7 Cr | ₹16.07 Cr | ₹16.45 Cr | ₹12.96 Cr | ₹12.74 Cr | ₹13.95 Cr |
| Cost of Materials Consumed | ₹12.41 Cr | ₹13.8 Cr | ₹12.96 Cr | ₹13.6 Cr | ₹14.52 Cr | ₹11.26 Cr | ₹10.45 Cr | ₹12.14 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹37.82 Lakh | -₹11.07 Lakh | ₹75.33 Lakh | ₹33.47 Lakh | -₹26 Lakh | -₹23.07 Lakh | ₹34.05 Lakh | -₹14.33 Lakh |
| Employee Benefit Expense | ₹64.23 Lakh | ₹60.57 Lakh | ₹55.54 Lakh | ₹55.65 Lakh | ₹57.7 Lakh | ₹54.66 Lakh | ₹54.57 Lakh | ₹51.6 Lakh |
| Finance Costs | ₹9.35 Lakh | ₹8.95 Lakh | ₹11.09 Lakh | ₹11.11 Lakh | ₹10.95 Lakh | ₹3.85 Lakh | ₹10.23 Lakh | ₹11.67 Lakh |
| Depreciation & Amortisation | ₹24.97 Lakh | ₹29.03 Lakh | ₹28.39 Lakh | ₹26.29 Lakh | ₹22.56 Lakh | ₹21.43 Lakh | ₹20.55 Lakh | ₹19.85 Lakh |
| Other Expenses | ₹1.07 Cr | ₹1.09 Cr | ₹1.05 Cr | ₹93.64 Lakh | ₹78.68 Lakh | ₹70.03 Lakh | ₹93.69 Lakh | ₹82.84 Lakh |
| Total Expenses | ₹14.84 Cr | ₹15.77 Cr | ₹15.72 Cr | ₹15.8 Cr | ₹15.96 Cr | ₹12.53 Cr | ₹12.58 Cr | ₹13.66 Cr |
| Profit Before Exceptional Items & Tax | ₹18.49 Lakh | ₹38.08 Lakh | ₹97.54 Lakh | ₹26.14 Lakh | ₹48.65 Lakh | ₹42.74 Lakh | ₹15.75 Lakh | ₹29.29 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | -₹8 Lakh |
| Profit Before Tax | ₹18.49 Lakh | ₹38.08 Lakh | ₹97.54 Lakh | ₹26.14 Lakh | ₹48.65 Lakh | ₹42.74 Lakh | ₹15.75 Lakh | ₹21.29 Lakh |
| Total Tax Expense | ₹5.46 Lakh | ₹13.3 Lakh | ₹13.38 Lakh | ₹6.75 Lakh | ₹16.49 Lakh | ₹9.64 Lakh | ₹50,000 | ₹10.23 Lakh |
| Net Profit | ₹13.03 Lakh | ₹24.78 Lakh | ₹84.16 Lakh | ₹19.39 Lakh | ₹32.16 Lakh | ₹33.1 Lakh | ₹15.25 Lakh | ₹11.06 Lakh |
| Other Comprehensive Income | -₹1.25 Lakh | -₹1.16 Lakh | -₹89,000 | ₹0 | -₹1.61 Lakh | -₹1.06 Lakh | ₹80,000 | ₹88,000 |
| Total Comprehensive Income | ₹11.78 Lakh | ₹23.62 Lakh | ₹83.27 Lakh | ₹19.39 Lakh | ₹30.55 Lakh | ₹32.04 Lakh | ₹16.05 Lakh | ₹11.94 Lakh |
| EBITDA (computed) | ₹52.81 Lakh | ₹76.06 Lakh | ₹1.37 Cr | ₹63.54 Lakh | ₹82.16 Lakh | ₹68.02 Lakh | ₹46.53 Lakh | ₹60.81 Lakh |
| Basic EPS | ₹0.38 | ₹0.73 | ₹2.48 | ₹56.00 | ₹0.95 | ₹0.97 | ₹0.45 | ₹0.33 |
| Diluted EPS | ₹0.38 | ₹0.73 | ₹2.48 | ₹0.56 | ₹0.95 | ₹0.97 | ₹0.45 | ₹0.33 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹9.54 Cr | ₹8.07 Cr | ₹8.22 Cr | ₹7.98 Cr | ₹7.5 Cr | ₹6.54 Cr | ₹6.69 Cr | ₹6.85 Cr |
| Non-current Assets | ₹6.33 Cr | ₹5.39 Cr | ₹4.57 Cr | ₹4.08 Cr | ₹3.49 Cr | ₹3.05 Cr | ₹2.78 Cr | ₹2.53 Cr |
| Current Assets | ₹3.21 Cr | ₹2.69 Cr | ₹3.64 Cr | ₹3.9 Cr | ₹4.01 Cr | ₹3.49 Cr | ₹3.91 Cr | ₹4.32 Cr |
| Property, Plant & Equipment | ₹2.72 Cr | ₹2.23 Cr | ₹2.41 Cr | ₹2.61 Cr | ₹2.15 Cr | ₹1.74 Cr | ₹1.95 Cr | ₹2.02 Cr |
| Inventories | ₹1.42 Cr | ₹1.34 Cr | ₹1.57 Cr | ₹2.12 Cr | ₹2.38 Cr | ₹2.08 Cr | ₹1.93 Cr | ₹2.24 Cr |
| Trade Receivables | ₹1 Cr | ₹1.04 Cr | ₹1.26 Cr | ₹1.4 Cr | ₹1.52 Cr | ₹1.35 Cr | ₹1.91 Cr | ₹2.04 Cr |
| Cash & Equivalents | ₹48.1 Lakh | ₹23 Lakh | ₹75.74 Lakh | ₹36.44 Lakh | ₹10.03 Lakh | ₹4.83 Lakh | ₹2.17 Lakh | ₹49,000 |
| Equity (Net Worth) | ₹6.84 Cr | ₹6.72 Cr | ₹6.48 Cr | ₹5.63 Cr | ₹5.46 Cr | ₹5.15 Cr | ₹4.83 Cr | ₹4.67 Cr |
| Equity Share Capital | ₹3.4 Cr | ₹3.4 Cr | ₹3.4 Cr | ₹3.4 Cr | ₹3.4 Cr | ₹3.4 Cr | ₹3.4 Cr | ₹3.4 Cr |
| Borrowings (Non-current) | ₹6.23 Lakh | ₹15 Lakh | ₹23.12 Lakh | ₹30.64 Lakh | ₹0 | ₹0 | ₹0 | ₹6.21 Lakh |
| Borrowings (Current) | ₹1.44 Cr | ₹8.12 Lakh | ₹7.52 Lakh | ₹1.17 Cr | ₹1.01 Cr | ₹38.88 Lakh | ₹64.81 Lakh | ₹85.3 Lakh |
| Total Debt (computed) | ₹1.5 Cr | ₹23.12 Lakh | ₹30.64 Lakh | ₹1.48 Cr | ₹1.01 Cr | ₹38.88 Lakh | ₹64.81 Lakh | ₹91.51 Lakh |
| Current Liabilities | ₹2.37 Cr | ₹93.13 Lakh | ₹1.26 Cr | ₹1.83 Cr | ₹1.82 Cr | ₹1.16 Cr | ₹1.65 Cr | ₹1.89 Cr |
| Total Liabilities | ₹2.71 Cr | ₹1.35 Cr | ₹1.74 Cr | ₹2.35 Cr | ₹2.04 Cr | ₹1.39 Cr | ₹1.85 Cr | ₹2.17 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹28.94 Lakh | ₹61.15 Lakh | ₹1.72 Cr | ₹73.4 Lakh | ₹28.3 Lakh |
| Investing Cash Flow | -₹1.21 Cr | ₹97.43 Lakh | -₹4.53 Lakh | -₹82.21 Lakh | -₹74.54 Lakh |
| Financing Cash Flow | ₹1.18 Cr | -₹16.47 Lakh | -₹1.28 Cr | ₹35.23 Lakh | ₹51.43 Lakh |
| Capital Expenditure | ₹73.87 Lakh | -₹10.18 Lakh | ₹20.02 Lakh | ₹77.99 Lakh | ₹63.15 Lakh |
| Free Cash Flow (computed) | -₹44.93 Lakh | ₹50.97 Lakh | ₹1.52 Cr | -₹4.59 Lakh | -₹34.85 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹25.1 Lakh | ₹1.42 Cr | ₹75.76 Lakh | ₹36.45 Lakh | ₹5.19 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹4.05 Cr | ₹3.54 Cr | ₹3.69 Cr | ₹3.74 Cr | ₹3.66 Cr | ₹4.47 Cr | ₹3.49 Cr | ₹4.39 Cr |
| Other Income | -₹40.74 Lakh | ₹11.13 Lakh | -₹11.89 Lakh | ₹42 Lakh | -₹47.44 Lakh | ₹13,000 | ₹26.13 Lakh | ₹34.4 Lakh |
| Total Income | ₹3.64 Cr | ₹3.65 Cr | ₹3.57 Cr | ₹4.16 Cr | ₹3.19 Cr | ₹4.47 Cr | ₹3.76 Cr | ₹4.74 Cr |
| Cost of Materials Consumed | ₹3.36 Cr | ₹3.13 Cr | ₹2.83 Cr | ₹3.08 Cr | ₹3.34 Cr | ₹3.46 Cr | ₹3 Cr | ₹4 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹10.17 Lakh | -₹15.08 Lakh | ₹29.67 Lakh | ₹13.06 Lakh | -₹9.69 Lakh | ₹32.72 Lakh | -₹13.53 Lakh | -₹20.56 Lakh |
| Employee Benefit Expense | ₹19.55 Lakh | ₹14.83 Lakh | ₹14.9 Lakh | ₹14.94 Lakh | ₹17.95 Lakh | ₹14.41 Lakh | ₹14.31 Lakh | ₹13.9 Lakh |
| Finance Costs | ₹1.95 Lakh | ₹4.12 Lakh | ₹2.81 Lakh | ₹46,000 | ₹2.64 Lakh | ₹4.78 Lakh | ₹89,000 | ₹63,000 |
| Depreciation & Amortisation | ₹6.55 Lakh | ₹6.87 Lakh | ₹6.45 Lakh | ₹5.1 Lakh | ₹7.35 Lakh | ₹7.44 Lakh | ₹7.2 Lakh | ₹7.03 Lakh |
| Other Expenses | ₹28.46 Lakh | ₹22.29 Lakh | ₹30.98 Lakh | ₹25.4 Lakh | ₹14.9 Lakh | ₹41.36 Lakh | ₹25.35 Lakh | ₹27.6 Lakh |
| Total Expenses | ₹4.03 Cr | ₹3.46 Cr | ₹3.68 Cr | ₹3.67 Cr | ₹3.67 Cr | ₹4.47 Cr | ₹3.35 Cr | ₹4.28 Cr |
| Profit Before Exceptional Items & Tax | -₹38.79 Lakh | ₹19.45 Lakh | -₹10.73 Lakh | ₹48.55 Lakh | -₹48.34 Lakh | ₹1,000 | ₹40.98 Lakh | ₹45.43 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹38.79 Lakh | ₹19.45 Lakh | -₹10.73 Lakh | ₹48.55 Lakh | -₹48.34 Lakh | ₹1,000 | ₹40.98 Lakh | ₹45.43 Lakh |
| Total Tax Expense | -₹4.72 Lakh | ₹4.29 Lakh | -₹3.55 Lakh | ₹9.44 Lakh | -₹8.48 Lakh | -₹2.12 Lakh | ₹11.83 Lakh | ₹12.08 Lakh |
| Net Profit | -₹34.07 Lakh | ₹15.16 Lakh | -₹7.18 Lakh | ₹39.11 Lakh | -₹39.86 Lakh | ₹2.13 Lakh | ₹29.15 Lakh | ₹33.35 Lakh |
| Other Comprehensive Income | -₹47,000 | -₹26,000 | -₹26,000 | ₹0 | -₹26,000 | -₹30,000 | ₹0 | ₹82,000 |
| Total Comprehensive Income | -₹34.54 Lakh | ₹14.9 Lakh | -₹7.44 Lakh | ₹39.11 Lakh | -₹40.12 Lakh | ₹1.83 Lakh | ₹29.15 Lakh | ₹34.17 Lakh |
| EBITDA (computed) | -₹30.29 Lakh | ₹30.44 Lakh | -₹1.47 Lakh | ₹54.11 Lakh | -₹38.35 Lakh | ₹12.23 Lakh | ₹49.07 Lakh | ₹53.09 Lakh |
| Basic EPS | ₹-1.00 | ₹0.45 | ₹-0.21 | ₹1.15 | ₹-1.17 | ₹0.06 | ₹0.00 | ₹0.98 |
| Diluted EPS | ₹-1.00 | ₹0.45 | ₹-0.21 | ₹1.15 | ₹-1.17 | ₹0.06 | ₹0.00 | ₹0.98 |
Shareholding Pattern of Ashish Polyplast Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 62.09%, retail and other public shareholders hold 37.91% of Ashish Polyplast Limited. The company had 2,824 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 62.09% | 62.09% | 62.09% | 62.09% | 62.09% | 62.09% |
| Public | 37.91% | 37.91% | 37.91% | 37.91% | 37.91% | 37.91% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 62.09% | 62.09% | 62.09% |
| Public | 37.91% | 37.91% | 37.91% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Ashish Polyplast Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Nov 2022 | Hdfc Bank Limited | ₹39.81 Lakh | Open |
| 29 Jan 2016 | Others | ₹3 Cr | Open |
| 06 Jan 2003 | Canara Bank | ₹80,000 | Satisfied |
| 21 May 2001 | Canara Bank | ₹2.25 Lakh | Satisfied |
| 15 Mar 2001 | Canara Bank | ₹42,000 | Satisfied |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Ashish Polyplast Limited
Ashish Polyplast Limited has a workforce of 15 employees as of Apr 08, 2024.
Employee Count & EPFO Data of Ashish Polyplast Limited
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GST Compliance of Ashish Polyplast Limited
GSTIN & GST Filing Data of Ashish Polyplast Limited
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Credit Ratings, Litigation & Regulatory Alerts for Ashish Polyplast Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Ashish Polyplast Limited
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MSME Payment Delays by Ashish Polyplast Limited
MSME Payment Delays by Ashish Polyplast Limited
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Subsidiaries & Group Companies of Ashish Polyplast Limited
Subsidiaries & Group Companies of Ashish Polyplast Limited
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MCA Filings & Documents of Ashish Polyplast Limited
MCA Filings & Documents of Ashish Polyplast Limited
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Recent Activity on Ashish Polyplast Limited
Frequently Asked Questions about Ashish Polyplast Limited
Ashish Polyplast Limited is an active public limited company in the manufacturing sector based in Ahmedabad, Gujarat, India. It was incorporated on 25 February 1994 (32+ years old) and is registered under CIN L17110GJ1994PLC021391. Listed on BSE: 522241 and NSE: MMFL. The company has 15 employees.
Ashish Polyplast Limited reported revenue of ₹16.15 Cr for FY 2025 (down 3.00% YoY).
The current directors of Ashish Polyplast Limited are:
- Kantaben Panchal
- Ashish Dahyabhai Panchal
- Kalpesh Navinchandra Kansara
- Khushbu Mahendrabhai Kansara
- Shrikant Kodarlal Priydarshi
- Dipti Sharma
- Krushi Jainam Sanghavi
The primary industry of Ashish Polyplast Limited is manufacturing. The company specifically operates in pipe and tubes. The company is currently active in this sector.
Yes. Ashish Polyplast Limited is listed on both BSE (code: 522241) and NSE (symbol: MMFL).
Ashish Polyplast Limited can be reached at the registered office: 501 Fortune Business Hub Near Satyamev Elysium Near Science City, Sola, Ahmedabad, Gujarat, India – 380060, or through the website ashishpolyplast.com.