MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-WB-10-0081667
Market Cap
₹13.05 Cr
ASSOCIATED · BSE
Share Price
₹96.50
0.00% today
Revenue
₹8.26 Cr
FY 2025-26 · +38.6% YoY
EBITDA
₹1.61 Cr
Margin 19.5%
Net Profit
₹1.14 Cr
FY 2025-26 · +6.5% YoY
P/E (TTM)
11.4x
P/B 1.7x
ROE
15.8%
ROCE 20.2%
Debt / Equity
0.01
Interest cover 0.0x
About Associated Coaters Limited
Data last updated:
Associated Coaters Limited is a public limited company based in Thakurpukur Mahestola, West Bengal, India. It operates in the non-metallic mineral products segment of the plastics and polymers sector. It was incorporated on 22 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L28129WB2017PLC224001. Its GSTIN is 19AAQCA3584L1ZX (West Bengal). It is a listed company as per MCA records. Its shares are listed on BSE: 544183.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.35 Cr. It is led by directors including Jagjit Singh Dhillon (Managing Director) and Navneet Kaur (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ashuti Khanberia Maheshtala Lp 20/83/46 Kolkata, Thakurpukur Mahestola, West Bengal, India – 700141.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹8.26 Cr, a growth of 38.6% compared to the previous year. For the same year it recorded a net profit of ₹1.14 Cr (net margin 13.8%) and EBITDA of ₹1.61 Cr (EBITDA margin 19.5%). The net worth stands at ₹7.82 Cr (up 15.3% YoY). Total assets are valued at ₹7.95 Cr (up 15.2% YoY).
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Associated Coaters. The company has 37 deals on record (35 market trades, 1 ipo, 1 secondary share transfer); the latest was in March 2025.
Associated Coaters Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0081667). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website associatedcoaters.in.
Company details
CIN L28129WB2017PLC224001
Registration Number 224001
Incorporation Date 22 December 2017
ROC Kolkata
Listing Status Listed - Listed on BSE (544183)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-WB-10-0081667
CIN history
Associated Coaters has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L28129WB2017PLC224001, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28129WB2017PLC224001 | Current |
| U28129WB2017PTC224001 | Previous |
| U28129WB2017PLC224001 | Previous |
Key People
Jagjit Singh Dhillon Managing Director Navneet Kaur Whole-Time Director Chetna Gupta Director Recognitions & Rankings of Associated Coaters
Contact details
Associated Coaters Limited's registered office is in Thakurpukur Mahestola, West Bengal.
- Registered AddressAshuti Khanberia Maheshtala Lp 20/83/46 Kolkata, Thakurpukur Mahestola, West Bengal, India – 700141
- IndustryPlastics, Non-Metallic Mineral Products, Fabricated Metal Products, Plastic Products, Rubber Products
Comprehensive company report
Associated Coaters 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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Brands
Associated Coaters operates one associated brand: Associated Coaters. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Powder coating services for aluminum extrusions are provided. | associatedcoaters.in |
Business activity
The main business activity of Associated Coaters is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Associated Coaters Limited, buy the company report.
Financials of Associated Coaters Limited
FY 2025-26 filings availableAssociated Coaters Limited reported revenue of ₹8.26 Cr (up 38.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹8.26 Cr
+38.6% YoY
EBITDA
₹1.61 Cr
-5.8% YoY
Profit After Tax
₹1.14 Cr
+6.5% YoY
Net Worth
₹7.82 Cr
+15.3% YoY
Total Assets
₹7.95 Cr
+15.2% YoY
Total Debt
₹0.10 Cr
0.0% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 8.26 | 5.96 | 5.38 | 3.59 | 1.39 | 0.00 | 0.00 |
| Revenue growth | +38.6% | +10.8% | +49.9% | +158.3% | - | - | - |
| EBITDA | 1.61 | 1.71 | 1.51 | 0.82 | 0.22 | 0.00 | 0.00 |
| EBITDA margin | +19.5% | +28.7% | +28.1% | +22.8% | +15.8% | - | - |
| Profit before tax | 1.48 | 1.44 | 1.35 | 0.73 | 0.18 | 0.00 | 0.00 |
| Net profit | 1.14 | 1.07 | 1.01 | 0.54 | 0.13 | 0.00 | 0.00 |
| Net profit margin | +13.8% | +18.0% | +18.8% | +15.0% | +9.4% | - | - |
| EPS (₹) | 8.47 | 7.85 | 10.83 | 182.27 | 45.57 | (0.47) | (0.60) |
| Balance sheet | |||||||
| Total assets | 7.95 | 6.90 | 2.03 | 1.37 | 0.27 | 0.03 | 0.03 |
| Net worth | 7.82 | 6.78 | 1.66 | 0.71 | 0.16 | 0.02 | 0.03 |
| Total debt | 0.10 | 0.10 | 0.35 | 0.66 | 0.10 | 0.00 | 0.00 |
| Cash & bank | 1.53 | 2.70 | 0.56 | 0.67 | 0.08 | 0.03 | 0.03 |
| Net working capital | 3.60 | 4.71 | 1.15 | 0.90 | (0.25) | 0.03 | 0.03 |
| Cash flow | |||||||
| Cash from operations | 1.29 | (0.09) | 0.80 | 0.63 | 0.52 | 0.00 | - |
| Cash from investing | (2.36) | (1.56) | (0.54) | (0.03) | (0.56) | 0.00 | - |
| Cash from financing | (0.10) | 3.80 | (0.37) | (0.01) | 0.10 | 0.00 | - |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 8.26 | 5.96 | 5.38 | 3.59 | 1.39 | 0.00 | 0.00 |
| Revenue growth | +38.6% | +10.8% | +49.9% | +158.3% | - | - | - |
| Other income | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 6.65 | 4.25 | 3.87 | 2.77 | 1.17 | 0.00 | 0.00 |
| Employee cost | 0.09 | 0.08 | 0.06 | 0.06 | 0.00 | 0.00 | 0.00 |
| EBITDA | 1.61 | 1.71 | 1.51 | 0.82 | 0.22 | 0.00 | 0.00 |
| EBITDA margin | +19.5% | +28.7% | +28.1% | +22.8% | +15.8% | - | - |
| Depreciation | 0.23 | 0.26 | 0.15 | 0.08 | 0.04 | 0.00 | 0.00 |
| Interest | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.48 | 1.44 | 1.35 | 0.73 | 0.18 | 0.00 | 0.00 |
| Tax | 0.34 | 0.37 | 0.34 | 0.19 | 0.05 | 0.00 | 0.00 |
| Net profit | 1.14 | 1.07 | 1.01 | 0.54 | 0.13 | 0.00 | 0.00 |
| Net profit margin | +13.8% | +18.0% | +18.8% | +15.0% | +9.4% | - | - |
| EPS (₹) | 8.47 | 7.85 | 10.83 | 182.27 | 45.57 | (0.47) | (0.60) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 1.35 | 1.35 | 0.93 | 0.03 | 0.03 | 0.03 | 0.03 |
| Reserves & surplus | 6.47 | 5.43 | 0.73 | 0.68 | 0.13 | (0.01) | 0.00 |
| Shareholders' funds (net worth) | 7.82 | 6.78 | 1.66 | 0.71 | 0.16 | 0.02 | 0.03 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.10 | 0.10 | 0.35 | 0.66 | 0.10 | 0.00 | 0.00 |
| Total debt | 0.10 | 0.10 | 0.35 | 0.66 | 0.10 | 0.00 | 0.00 |
| Total liabilities | 7.95 | 6.90 | 2.03 | 1.37 | 0.27 | 0.03 | 0.03 |
| Assets | |||||||
| Gross block | 3.35 | 2.63 | 1.07 | 0.55 | 0.56 | 0.00 | 0.00 |
| Net block | 2.63 | 2.15 | 0.85 | 0.47 | 0.52 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.64 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.40 | 0.38 | 0.20 | 0.04 | 0.03 | 0.00 | 0.00 |
| Sundry debtors | 3.80 | 3.67 | 2.53 | 1.51 | 1.36 | 0.00 | 0.00 |
| Cash & bank balances | 1.53 | 2.70 | 0.56 | 0.67 | 0.08 | 0.03 | 0.03 |
| Loans & advances | 0.34 | 0.39 | 0.35 | 0.27 | 0.03 | 0.00 | 0.00 |
| Total current assets | 6.07 | 7.14 | 3.64 | 2.49 | 1.50 | 0.03 | 0.03 |
| Total current liabilities | 2.47 | 2.43 | 2.49 | 1.59 | 1.75 | 0.00 | 0.00 |
| Net working capital | 3.60 | 4.71 | 1.15 | 0.90 | (0.25) | 0.03 | 0.03 |
| Total assets | 7.95 | 6.90 | 2.03 | 1.37 | 0.27 | 0.03 | 0.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.70 | 0.56 | 0.67 | 0.08 | 0.03 | 0.03 | - |
| Net cash from operating activities | 1.29 | (0.09) | 0.80 | 0.63 | 0.52 | 0.00 | - |
| Net cash from investing activities | (2.36) | (1.56) | (0.54) | (0.03) | (0.56) | 0.00 | - |
| Net cash from financing activities | (0.10) | 3.80 | (0.37) | (0.01) | 0.10 | 0.00 | - |
| Net change in cash | (1.17) | 2.14 | (0.11) | 0.59 | 0.05 | 0.00 | - |
| Closing cash | 1.53 | 2.70 | 0.56 | 0.67 | 0.08 | 0.03 | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +38.6% | +10.8% | +49.9% | +158.3% | - | - | - |
| EBITDA growth | -5.9% | +13.3% | +84.2% | +272.7% | - | - | - |
| PBT growth | +2.8% | +6.7% | +84.9% | +305.6% | +9997.0% | +9997.0% | +9997.0% |
| Net income growth | +6.5% | +5.9% | +87.0% | +315.4% | - | - | - |
| Revenue CAGR (3Y) | +32.0% | +62.5% | - | - | - | - | - |
| EBITDA CAGR (3Y) | +25.2% | +98.1% | - | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +13.8% | +18.0% | +18.8% | +15.0% | +9.4% | - | - |
| Return on capital employed | +20.2% | +32.5% | +80.0% | +92.0% | +135.7% | 0.0% | 0.0% |
| Return on net worth | +15.8% | +25.1% | +85.2% | +126.4% | +155.6% | 0.0% | 0.0% |
| Debt / equity | 0.01 | 0.05 | 0.42 | 0.87 | 0.54 | 0.00 | 0.00 |
| Long-term debt / equity | 0.01 | 0.01 | 0.24 | 0.77 | 0.54 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.69 | 0.74 | 1.35 | 0.00 | - | - |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.76 | 3.22 | 6.64 | 6.47 | 4.96 | 0.00 | 0.00 |
| Inventory turnover | 21.18 | 20.55 | 44.83 | 102.57 | 92.67 | 0.00 | 0.00 |
| Debtors turnover | 2.21 | 1.92 | 2.66 | 2.50 | 2.04 | 0.00 | 0.00 |
| EPS (₹) | 8.47 | 7.85 | 10.83 | 182.27 | 45.57 | (0.47) | (0.60) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 57.87 | 50.14 | 17.84 | 237.37 | 53.50 | 7.93 | 8.39 |
To see the full year-wise statements and ratios of Associated Coaters Limited, buy the company report.
Board of directors of Associated Coaters Limited
Associated Coaters has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navneet Kaur Also directs: Mindhighway Technologies Private Limited | Whole-Time Director | 22 Dec 2017 | 8 Years 10 Months | Current |
| Jagjit Singh Dhillon Also directs: Mindhighway Technologies Private Limited | Managing Director | 22 Dec 2017 | 8 Years 10 Months | Current |
| Chetna Gupta | Director | 07 Dec 2023 | 2 Years 10 Months | Current |
| Harbhajan Singhthethi | Director | 09 Dec 2023 | 2 Years 10 Months | Current |
| Jay Kumar Shaw Also directs: Chambal Breweries and Distilleries Limited, Silky Overseas Limited, Sai Shivaansh Industries (I) Private Limited and 3 more | Director | 07 Dec 2023 | 2 Years 10 Months | Current |
Deals & funding
Associated Coaters Limited has 37 deals on record (35 market trades, 1 ipo, 1 secondary share transfer); the latest was in March 2025.
Total deals
37
Market trades
35
IPO
1
Secondary share transfer
1
Deals on record (5 of 37)
To see the full deal history of Associated Coaters 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
No court or tribunal cases involving Associated Coaters Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Associated Coaters Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Associated Coaters has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAQCA3584L1ZX | West Bengal | Active | 02 Sep 2021 |
To see the full GST registrations and return filing status of Associated Coaters Limited, buy the company report.
Recent activity
Associated Coaters Limited has 12 board changes on record since 2017: 5 appointments and 7 cessations. The latest: Chetna Gupta ceased to be Additional Director on 12 Sep 2024.
Filing
Associated Coaters Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata Ii.
AGM
Associated Coaters Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Ceased
Chetna Gupta ceased to be Additional Director.
Ceased
Jay Kumar Shaw ceased to be Additional Director.
Ceased
Harbhajan Singhthethi ceased to be Whole-Time Director.
Appointed
Harbhajan Singhthethi was appointed as Director.
Ceased
Jagjit Singh Dhillon ceased to be Director.
Appointed
Chetna Gupta was appointed as Director.
Appointed
Jay Kumar Shaw was appointed as Director.
Ceased
Vinay Chowdhary ceased to be Director.
Ceased
Dibya Prasad ceased to be Additional Director.
Ceased
Gurmel Singh Dhillon ceased to be Director.
3 earlier events are in the company report.
Frequently asked questions
Associated Coaters is an active public limited company based in Thakurpukur Mahestola, West Bengal, India. The company works in non-metallic mineral products, within the plastics industry. It was incorporated on 22 December 2017 (9+ years old) and is registered under CIN L28129WB2017PLC224001. Listed on BSE: 544183.
Associated Coaters reported revenue of ₹8.26 Cr for FY 2025-26 (up 38.6% YoY) based on standalone financials.
Associated Coaters has 5 current directors:
- Jagjit Singh Dhillon - Managing Director
- Navneet Kaur - Whole-Time Director
- Chetna Gupta - Director
- Harbhajan Singhthethi - Director
- Jay Kumar Shaw - Director
The latest financial statements of Associated Coaters on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Associated Coaters is 19AAQCA3584L1ZX, registered in West Bengal.
The CIN (Corporate Identification Number) of Associated Coaters is L28129WB2017PLC224001. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Associated Coaters is a listed company as per MCA records. Its shares are listed on BSE (code: 544183).
Associated Coaters was incorporated on 22 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Kolkata.
Associated Coaters has 37 deals on record (35 market trades, 1 ipo, 1 secondary share transfer); the latest was in March 2025.
Chetna Gupta ceased to be Additional Director on 12 Sep 2024. Jay Kumar Shaw ceased to be Additional Director on 12 Sep 2024. Harbhajan Singhthethi ceased to be Whole-Time Director on 12 Dec 2023. Associated Coaters has 12 board changes on record in total.