MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-20-0008801
Ashok Granites Limited
Ashok Granites Limited - manufacturing in Salem, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹33.94 Cr
▲ 20% YoY
Net profit · FY 2024
₹20.72 Lakh
Net margin 0.6%
EBITDA · FY 2024
₹2.09 Cr
EBITDA margin 6.1%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.13 Cr
Issued & subscribed
Open charges
₹28.97 Cr
Satisfied ₹24.87 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
73
Provident fund records
About Ashok Granites Limited
Data last updated:
Ashok Granites Limited is a public limited company based in Salem, Tamil Nadu, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 13 November 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U14102TZ1991PLC007127. Its GSTIN is 33AABCA8140M1ZQ (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.13 Cr. It was formerly known as Ashok Granites Private Limited. It is led by directors including Duraisamy Krishnan (Whole-Time Director) and Muthusamy Baby Saroja.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 4/35 Bharathi Street Swarnapuri, Salem, Tamil Nadu, India – 636004.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.94 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹20.72 Lakh (net margin 0.6%) and EBITDA of ₹2.09 Cr (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 3% over five years.
The company has about 73 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹28.97 Cr and satisfied charges of ₹24.87 Cr on record. Court records list 29 cases involving the company, including 16 filed by the company and 13 filed against it; 7 cases are pending.
Ashok Granites Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-20-0008801). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U14102TZ1991PLC007127
Registration Number 007127
Incorporation Date 13 November 1991
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-20-0008801
Key People
Duraisamy Krishnan Whole-Time Director Muthusamy Baby Saroja Director Aapichigounder Mani Director Recognitions & Rankings of Ashok Granites
Contact details
Ashok Granites Limited's registered office is in Salem, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address4/35 Bharathi Street Swarnapuri, Salem, Tamil Nadu, India – 636004
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Ashok Granites Limited, buy the company report.
Comprehensive company report
Ashok Granites 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
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Business activity
The main business activity of Ashok Granites is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of Ashok Granites Limited, buy the company report.
Financials of Ashok Granites Limited
FY 2024 filings availableAshok Granites Limited reported revenue of ₹33.94 Cr (up 20% YoY) for FY 2024.
Revenue · FY 2024
₹33.94 Cr ▲ 20%
Net profit · FY 2024
₹20.72 Lakh margin 0.6%
EBITDA · FY 2024
₹2.09 Cr margin 6.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 9%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 122%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 20% growth in the latest year. EBITDA rose 13% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.72 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 Ashok Granites Limited, buy the company report.
Board of directors of Ashok Granites Limited
Ashok Granites has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthusamy Baby Saroja Also directs: Valgo Logistics Services LLP, Niralux Jewellery LLP, GTP Exports Private Limited and 4 more | Director | 13 Nov 1991 | 34 Years 11 Months | Current |
| Duraisamy Krishnan | Whole-Time Director | 01 Feb 1998 | 28 Years 9 Months | Current |
| Aapichigounder Mani | Director | 05 May 1995 | 31 Years 6 Months | Current |
Auditor
Ashok Granites Limited is audited by PALRAJ AND SENTHIL CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PALRAJ AND SENTHIL CHARTERED ACCOUNTANTS | FY 2023 | 007013S |
Shareholding
The shareholding of Ashok Granites Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashok Granites Limited, buy the company report.
Charges & borrowings
Open charges
₹28.97 Cr
Satisfied charges
₹24.87 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Apr 2022 | 100564401 | Karnataka Bank Ltd. | ₹1.5 Cr | Open | |
| 05 Jan 2017 | 100073320 | Hdfc Bank Limited | ₹1.59 Cr | Open | |
| 30 Apr 2015 | 10566220 | Hdfc Bank Limited | ₹76.3 Lakh | Open | |
| 31 Dec 2014 | 10541545 | Hdfc Bank Limited | ₹85.6 Lakh | Open | |
| 24 Dec 2013 | 10476145 | The Karnataka Bank Limited | ₹75 Lakh | Open |
To see the full charge records of Ashok Granites Limited, buy the company report.
Total charge records: 29 View all charges
Legal cases
Ashok Granites Limited has 29 court cases on record: 16 filed by Ashok Granites, 13 filed against it. 7 cases are pending and 22 are disposed.
Total cases
29
Filed by the company
16
Filed against the company
13
Pending
7
Disposed
22
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 9 | 6 |
| District courts | 6 | 3 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against The Secretary to Government | Pending |
| District court, Salem, Tamil Nadu | Court case (CLP) | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by The Commissioner of Central | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by The Commissioner | Pending |
| High Court, TAMIL NADU | Court case (WPMP) | Filed by the company against The State of Tamilnadu and 1 other | Pending |
To see the full case history of Ashok Granites 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
Ashok Granites Limited was last rated by Crisil on 09 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 09 Dec 2020 |
To see the full credit ratings and regulatory alerts of Ashok Granites Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashok Granites Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ashok Granites Limited has a workforce of 73 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
73
Active EPFO establishments
1
Employee growth
-2.67%
GST
Ashok Granites has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCA8140M1ZQ | Tamil Nadu | Active | 01 Jul 2017 |
| 29AABCA8140M1ZF | Karnataka | Active | 08 Dec 2017 |
To see the full GST registrations and return filing status of Ashok Granites Limited, buy the company report.
Recent activity
Ashok Granites Limited has 3 board changes on record since 1991: 3 appointments. The latest: Duraisamy Krishnan was appointed as Whole-Time Director on 01 Feb 1998.
Charges
A charge registered on 12 Nov 2020 via Charge ID 100400140 with Others was fully satisfied on 10 Dec 2024.
AGM
Ashok Granites Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ashok Granites Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 1.50 Cr with Charge ID 100564401 was registered on 06 Apr 2022.
Charges
A charge registered on 28 Sep 2010 via Charge ID 10244864 with The Karnataka Bank Limited was fully satisfied on 16 Feb 2022.
Charges
A charge registered on 28 Sep 2010 via Charge ID 10244861 with The Karnataka Bank Limited was fully satisfied on 16 Feb 2022.
Charges
A charge registered on 11 Aug 2009 via Charge ID 10177570 with The Karnataka Bank Limited was fully satisfied on 16 Feb 2022.
Charges
A charge registered on 07 Oct 2006 via Charge ID 10022484 with Karnataka Bank Ltd. was fully satisfied on 16 Feb 2022.
Charges
A charge registered on 15 Feb 2002 via Charge ID 90008955 with The Karnataka Bank Limited was fully satisfied on 16 Feb 2022.
Charges
A charge with Karnataka Bank Ltd. of Rs. 14.00 Cr registered on 28 Sep 2010 with Charge ID 10244865 was modified on 30 Dec 2021.
Charges
A charge with Karnataka Bank Ltd. of Rs. 8.50 Cr registered on 02 Sep 1996 with Charge ID 90008414 was modified on 30 Dec 2021.
Charges
A charge registered on 01 Feb 2017 via Charge ID 100097994 with Hdfc Bank Limited was fully satisfied on 25 Mar 2021.
44 earlier events are in the company report.
Frequently asked questions
Ashok Granites is an active public limited company based in Salem, Tamil Nadu, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 13 November 1991 (35+ years old) and is registered under CIN U14102TZ1991PLC007127.
Ashok Granites has 3 current directors:
- Duraisamy Krishnan - Whole-Time Director
- Muthusamy Baby Saroja - Director
- Aapichigounder Mani - Director
The latest financial statements of Ashok Granites on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashok Granites is 33AABCA8140M1ZQ, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AABCA8140M1ZF (Karnataka).
The CIN (Corporate Identification Number) of Ashok Granites is U14102TZ1991PLC007127. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashok Granites has 29 court cases on record: 16 filed by the company and 13 filed against it. 7 are pending. Most are in the high courts.
Ashok Granites was incorporated on 13 November 1991, making it 35+ years old. It is registered with the Registrar of Companies, Coimbatore.
Duraisamy Krishnan was appointed as Whole-Time Director on 01 Feb 1998. Aapichigounder Mani was appointed as Director on 05 May 1995. Muthusamy Baby Saroja was appointed as Director on 13 Nov 1991.
Yes, Ashok Granites is registered as a small enterprise under Udyam registration (number: UDYAM-TN-20-0008801).
The registered office of Ashok Granites is at 435 Bharathi Street Swarnapuri, Salem, Tamil Nadu, India – 636004.
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