About Axel Polymers Limited
Data last updated: 14 July 2026
Axel Polymers Limited is a public limited company based in Vadodara, Gujarat, India. It specialises in plastic and resins, a part of the broader manufacturing sector. Incorporated on 21 May 1992, the company has been in operation for over 34 years.
Registered with ROC Ahmedabad under CIN L25200GJ1992PLC017678. Listed on BSE: 513642.
Capital: an authorised share capital of ₹16 Cr and a paid-up capital of ₹11 Cr. It is led by directors including Aarasp Bejan Bodhanwala and Gaurav Surendrakumar Thanky.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: S No 309 Vil – Mokshi Sankarda – Savli Road Tal – Savli, Vadodara, Gujarat, India – 391780.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹44.4 Cr, a decline of 43.15% compared to the previous year. The net worth stands at ₹25.24 Cr (up 66.75% YoY). Total assets are valued at ₹70.25 Cr (up 4.2% YoY).
The company has a workforce of approximately 70 employees as per the latest available data.
The company is associated with 1 brand - Axel Polymers. As per MCA filings, the company has open charges of ₹41.08 Cr and satisfied charges of ₹86.63 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 axelindia.com.
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Registered AddressS No 309 Vil – Mokshi Sankarda – Savli Road Tal – Savli, Vadodara, Gujarat, India – 391780
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IndustryManufacturing, Plastic & Resins
- 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 Axel Polymers Limited
Axel Polymers Limited has one previous CIN (Corporate Identification Number): U25200GJ1992PLC017678. The current CIN is L25200GJ1992PLC017678, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25200GJ1992PLC017678 | Current |
| U25200GJ1992PLC017678 | Previous |
Associated Brands with Axel Polymers Limited
Axel Polymers Limited operates one associated brand: Axel Polymers. These brands represent Axel Polymers Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Polymers are manufactured and supplied from Vadodara, India. | axelindia.com |
Business Activity of Axel Polymers Limited
Axel Polymers 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 | Locked |
Business activity turnover details for Axel Polymers Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Axel Polymers Limited
Axel Polymers Limited is audited by M/s. Mukund and Rohit (ICAI peer reviewed, certificate valid till 2027-05-31) 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/s. Mukund and Rohit (ICAI peer reviewed, certificate valid till 2027-05-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Axel Polymers Limited
Axel Polymers Limited is currently managed by 6 directors, with 16 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 |
|---|---|---|---|---|
|
Aarasp Bejan Bodhanwala
Also directs:
Axel Polymers Limited, Tia Plastek Private Limited
|
Director | 01 Mar 1993 | 33 Years 5 Months | Current |
|
Gaurav Surendrakumar Thanky
Also directs:
Axel Polymers Limited
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Managing Director | 01 Jun 2014 | 12 Years 2 Months | Current |
|
Ashokkumar Natwarlal Shah
Also directs:
Axel Polymers Limited, Steelco Gujarat Limited, Neopolitan Pizza And Foods Limited and 1 more
|
Director | 18 Aug 2025 | 1 Years 0 Months | Current |
|
Chirag Bhupendrabhai Shah
Also directs:
Axel Polymers Limited, Assorted Corpcon Private Limited
|
Director | 29 May 2025 | 1 Years 2 Months | Current |
|
Dhara Gaurav Thanky
Also directs:
Axel Polymers Limited
|
Director | 01 Oct 2024 | 1 Years 10 Months | Current |
|
Yogesh Jeshthanand Keshariya
Also directs:
Axel Polymers Limited
|
Additional Director | 12 Jun 2026 | 0 Years 2 Months | Current |
Financials of Axel Polymers Limited FY 2026 filings available
Axel Polymers Limited reported revenue of ₹44.4 Cr (down 43.15% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹44.4 Cr | ₹78.09 Cr | ₹127.92 Cr | ₹85.19 Cr | ₹72.91 Cr | ₹23.04 Cr | ₹22.9 Cr | ₹24.37 Cr |
| Other Income | ₹11.75 Lakh | ₹13.9 Lakh | ₹3.59 Lakh | ₹27.65 Lakh | ₹55.25 Lakh | ₹1.41 Lakh | ₹2.11 Lakh | ₹1.89 Lakh |
| Total Income | ₹44.51 Cr | ₹78.22 Cr | ₹127.95 Cr | ₹85.46 Cr | ₹73.47 Cr | ₹23.06 Cr | ₹22.92 Cr | ₹24.39 Cr |
| Cost of Materials Consumed | ₹33.29 Cr | ₹82.73 Cr | ₹120.33 Cr | ₹72.31 Cr | ₹60.72 Cr | ₹18.1 Cr | ₹16.53 Cr | ₹18.61 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹89.52 Lakh | -₹15.9 Cr | -₹5.37 Cr | ₹1.19 Cr | ₹1.13 Cr | -₹52.8 Lakh | ₹72.38 Lakh | -₹53.63 Lakh |
| Employee Benefit Expense | ₹3.87 Cr | ₹3.79 Cr | ₹3.74 Cr | ₹3.66 Cr | ₹3.58 Cr | ₹1.77 Cr | ₹1.99 Cr | ₹1.85 Cr |
| Finance Costs | ₹3.08 Cr | ₹3.23 Cr | ₹2.84 Cr | ₹3.16 Cr | ₹2.84 Cr | ₹1.11 Cr | ₹97.48 Lakh | ₹91.4 Lakh |
| Depreciation & Amortisation | ₹72.53 Lakh | ₹56.15 Lakh | ₹70.16 Lakh | ₹54.01 Lakh | ₹48.06 Lakh | ₹36.96 Lakh | ₹36.34 Lakh | ₹33.34 Lakh |
| Other Expenses | ₹3.91 Cr | ₹3.5 Cr | ₹3.41 Cr | ₹2.89 Cr | ₹3.38 Cr | ₹2.11 Cr | ₹2.26 Cr | ₹2.79 Cr |
| Total Expenses | ₹45.77 Cr | ₹77.91 Cr | ₹125.67 Cr | ₹83.76 Cr | ₹72.13 Cr | ₹22.93 Cr | ₹22.84 Cr | ₹23.96 Cr |
| Profit Before Exceptional Items & Tax | -₹1.25 Cr | ₹31.15 Lakh | ₹2.29 Cr | ₹1.7 Cr | ₹1.34 Cr | ₹12.33 Lakh | ₹7.87 Lakh | ₹43.49 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹1.25 Cr | ₹31.15 Lakh | ₹2.29 Cr | ₹1.7 Cr | ₹1.34 Cr | ₹12.33 Lakh | ₹7.87 Lakh | ₹43.49 Lakh |
| Total Tax Expense | -₹12.85 Lakh | -₹17.66 Lakh | ₹73.02 Lakh | ₹51.71 Lakh | ₹42.6 Lakh | -₹6.53 Lakh | -₹1.48 Lakh | -₹3.32 Lakh |
| Net Profit | -₹1.13 Cr | ₹17.36 Lakh | ₹1.56 Cr | ₹1.18 Cr | ₹91.59 Lakh | ₹18.86 Lakh | ₹9.35 Lakh | ₹46.81 Lakh |
| Other Comprehensive Income | ₹5.19 Lakh | -₹2.52 Lakh | -₹2.96 Lakh | ₹2.36 Lakh | -₹1.85 Lakh | ₹1.99 Lakh | -₹3.63 Lakh | ₹3,000 |
| Total Comprehensive Income | -₹1.07 Cr | ₹14.84 Lakh | ₹1.53 Cr | ₹1.21 Cr | ₹89.74 Lakh | ₹20.85 Lakh | ₹5.72 Lakh | ₹46.84 Lakh |
| EBITDA (computed) | ₹2.55 Cr | ₹4.1 Cr | ₹5.83 Cr | ₹5.4 Cr | ₹4.66 Cr | ₹1.61 Cr | ₹1.42 Cr | ₹1.68 Cr |
| Basic EPS | ₹-1.22 | ₹0.20 | ₹1.83 | ₹1.08 | ₹1.08 | ₹0.44 | ₹0.22 | ₹1.09 |
| Diluted EPS | ₹-1.22 | ₹0.20 | ₹1.83 | ₹1.08 | ₹1.08 | ₹0.44 | ₹0.22 | ₹1.09 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹70.25 Cr | ₹67.42 Cr | ₹64.48 Cr | ₹55.62 Cr | ₹55.36 Cr | ₹22.1 Cr | ₹16.31 Cr | ₹14.54 Cr |
| Non-current Assets | ₹15.19 Cr | ₹13.32 Cr | ₹12.7 Cr | ₹12.24 Cr | ₹11.05 Cr | ₹4.91 Cr | ₹5.02 Cr | ₹5.24 Cr |
| Current Assets | ₹55.06 Cr | ₹54.09 Cr | ₹51.77 Cr | ₹43.38 Cr | ₹44.31 Cr | ₹17.19 Cr | ₹11.29 Cr | ₹9.31 Cr |
| Property, Plant & Equipment | ₹6.14 Cr | ₹6.4 Cr | ₹5.98 Cr | ₹5.04 Cr | ₹3.92 Cr | ₹3.36 Cr | ₹3.66 Cr | ₹3.86 Cr |
| Inventories | ₹40.97 Cr | ₹39.46 Cr | ₹39.59 Cr | ₹32.73 Cr | ₹28.27 Cr | ₹11.16 Cr | ₹8.7 Cr | ₹7.23 Cr |
| Trade Receivables | ₹9.49 Cr | ₹11.03 Cr | ₹10.93 Cr | ₹7.67 Cr | ₹11.39 Cr | ₹5.56 Cr | ₹2.1 Cr | ₹1.76 Cr |
| Cash & Equivalents | ₹3.31 Cr | ₹2.18 Cr | ₹1.03 Cr | ₹1.08 Cr | ₹93.88 Lakh | ₹2.7 Lakh | ₹2.01 Lakh | ₹1.66 Lakh |
| Equity (Net Worth) | ₹25.24 Cr | ₹15.14 Cr | ₹14.99 Cr | ₹13.53 Cr | ₹12.32 Cr | ₹2.2 Cr | ₹1.99 Cr | ₹1.93 Cr |
| Equity Share Capital | ₹11 Cr | ₹8.52 Cr | ₹8.52 Cr | ₹8.52 Cr | ₹8.52 Cr | ₹4.3 Cr | ₹4.3 Cr | ₹4.3 Cr |
| Borrowings (Non-current) | ₹2.52 Cr | ₹6.46 Cr | ₹7.09 Cr | ₹6.47 Cr | ₹4.94 Cr | ₹1.42 Cr | ₹45.59 Lakh | ₹56.17 Lakh |
| Borrowings (Current) | ₹27.32 Cr | ₹27.62 Cr | ₹18.58 Cr | ₹18.72 Cr | ₹20.99 Cr | ₹7.35 Cr | ₹7 Cr | ₹6.99 Cr |
| Total Debt (computed) | ₹29.84 Cr | ₹34.08 Cr | ₹25.67 Cr | ₹25.19 Cr | ₹25.94 Cr | ₹8.77 Cr | ₹7.45 Cr | ₹7.55 Cr |
| Current Liabilities | ₹37.76 Cr | ₹45.52 Cr | ₹42.07 Cr | ₹35.34 Cr | ₹37.82 Cr | ₹14.7 Cr | ₹10.12 Cr | ₹8.4 Cr |
| Total Liabilities | ₹45.01 Cr | ₹52.28 Cr | ₹49.49 Cr | ₹42.09 Cr | ₹43.04 Cr | ₹19.9 Cr | ₹14.32 Cr | ₹12.61 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹2.62 Cr | -₹3.66 Cr | ₹3.46 Cr | ₹5.61 Cr | ₹3.2 Cr |
| Investing Cash Flow | -₹42.93 Lakh | -₹87.05 Lakh | -₹1.59 Cr | -₹1.57 Cr | -₹18.72 Lakh |
| Financing Cash Flow | ₹4.17 Cr | ₹5.69 Cr | -₹1.92 Cr | -₹3.91 Cr | -₹2.81 Cr |
| Capital Expenditure | ₹54.45 Lakh | ₹98.51 Lakh | ₹1.63 Cr | ₹1.67 Cr | ₹36.72 Lakh |
| Free Cash Flow (computed) | -₹3.16 Cr | -₹4.65 Cr | ₹1.83 Cr | ₹3.94 Cr | ₹2.84 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹1.13 Cr | ₹1.16 Cr | -₹4.95 Lakh | ₹13.64 Lakh | ₹20.85 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹13.12 Cr | ₹8.86 Cr | ₹10.72 Cr | ₹11.7 Cr | ₹14.33 Cr | ₹11.11 Cr | ₹13.87 Cr | ₹42.24 Cr |
| Other Income | ₹5.27 Lakh | ₹3.02 Lakh | ₹2.43 Lakh | ₹1.02 Lakh | ₹8.52 Lakh | ₹91,000 | ₹94,000 | ₹3.16 Lakh |
| Total Income | ₹13.17 Cr | ₹8.89 Cr | ₹10.74 Cr | ₹11.71 Cr | ₹14.42 Cr | ₹11.12 Cr | ₹13.88 Cr | ₹42.27 Cr |
| Cost of Materials Consumed | ₹11.4 Cr | ₹6.45 Cr | ₹7.32 Cr | ₹8.13 Cr | ₹33.06 Cr | ₹8.89 Cr | ₹12 Cr | ₹32.26 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹73.02 Lakh | ₹12.84 Lakh | ₹68.6 Lakh | ₹81.1 Lakh | -₹23.98 Cr | ₹27.28 Lakh | -₹14.75 Lakh | ₹7.78 Cr |
| Employee Benefit Expense | ₹94.39 Lakh | ₹1.02 Cr | ₹96.18 Lakh | ₹94.28 Lakh | ₹95.99 Lakh | ₹95.03 Lakh | ₹99.24 Lakh | ₹88.15 Lakh |
| Finance Costs | ₹69.63 Lakh | ₹77.3 Lakh | ₹79.43 Lakh | ₹81.5 Lakh | ₹81.96 Lakh | ₹80.86 Lakh | ₹85.15 Lakh | ₹75.26 Lakh |
| Depreciation & Amortisation | ₹27.53 Lakh | ₹15 Lakh | ₹15 Lakh | ₹15 Lakh | ₹20.06 Lakh | ₹12 Lakh | ₹12 Lakh | ₹12.09 Lakh |
| Other Expenses | ₹1.28 Cr | ₹98.28 Lakh | ₹82.48 Lakh | ₹82.09 Lakh | ₹98.6 Lakh | ₹83.85 Lakh | ₹87.91 Lakh | ₹1.01 Cr |
| Total Expenses | ₹13.86 Cr | ₹9.51 Cr | ₹10.74 Cr | ₹11.67 Cr | ₹12.05 Cr | ₹11.88 Cr | ₹14.69 Cr | ₹42.8 Cr |
| Profit Before Exceptional Items & Tax | -₹68.55 Lakh | -₹62.05 Lakh | ₹72,000 | ₹4.4 Lakh | ₹2.37 Cr | -₹75.58 Lakh | -₹81.03 Lakh | -₹53.05 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹68.55 Lakh | -₹62.05 Lakh | ₹72,000 | ₹4.4 Lakh | ₹2.37 Cr | -₹75.58 Lakh | -₹81.03 Lakh | -₹53.05 Lakh |
| Total Tax Expense | ₹13.78 Lakh | ₹0 | ₹0 | ₹0 | -₹17.66 Lakh | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹82.33 Lakh | -₹62.05 Lakh | ₹72,000 | ₹4.4 Lakh | ₹2.23 Cr | -₹75.58 Lakh | -₹81.03 Lakh | -₹53.05 Lakh |
| Other Comprehensive Income | -₹2.85 Lakh | -₹1.12 Lakh | ₹2.85 Lakh | ₹55,000 | -₹2.85 Lakh | ₹1.27 Lakh | -₹1.92 Lakh | ₹98,000 |
| Total Comprehensive Income | -₹85.18 Lakh | -₹63.17 Lakh | ₹3.57 Lakh | ₹4.95 Lakh | ₹2.2 Cr | -₹74.31 Lakh | -₹82.95 Lakh | -₹52.07 Lakh |
| EBITDA (computed) | ₹28.61 Lakh | ₹30.25 Lakh | ₹95.15 Lakh | ₹1.01 Cr | ₹3.39 Cr | ₹17.28 Lakh | ₹16.12 Lakh | ₹34.3 Lakh |
| Basic EPS | ₹-0.75 | ₹-0.06 | ₹0.01 | ₹0.05 | ₹2.62 | ₹-0.89 | ₹-0.95 | ₹-0.62 |
| Diluted EPS | ₹-0.75 | ₹-0.06 | ₹0.01 | ₹0.05 | ₹2.62 | ₹-0.89 | ₹-0.95 | ₹-0.62 |
Shareholding Pattern of Axel Polymers Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 46.65%, domestic institutional investors hold 0.18%, retail and other public shareholders hold 53.17% of Axel Polymers Limited. The company had 10,136 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 46.65% | 60.26% | 61.16% | 61.16% | 61.16% | 61.16% |
| Public | 53.35% | 39.74% | 38.84% | 38.84% | 38.84% | 38.84% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 46.65% | 61.16% | 61.26% |
| Public | 53.35% | 38.84% | 38.74% |
| Promoter change (YoY, %pts) | -14.51 | -0.10 | - |
Charges & Borrowings of Axel Polymers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Oct 2024 | Hdfc Bank Limited | ₹23.41 Lakh | Open |
| 16 Apr 2024 | Hdfc Bank Limited | ₹40.84 Cr | Open |
| 09 Dec 2021 | Others | ₹85 Lakh | Satisfied |
| 20 Jan 2010 | Bank of India | ₹17.94 Cr | Satisfied |
| 02 Jan 2004 | Others | ₹27.77 Cr | Satisfied |
Total charge records: 10 View all charges
Employees and EPFO Compliance at Axel Polymers Limited
Axel Polymers Limited has a workforce of 70 employees as of Apr 09, 2024.
Employee and EPFO history for Axel Polymers Limited
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GST Compliance of Axel Polymers Limited
GST registrations and filing compliance for Axel Polymers Limited
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Credit Ratings, Litigation & Regulatory Alerts for Axel Polymers Limited
Credit ratings, litigation, and regulatory alerts for Axel Polymers Limited
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MSME Payment Delays by Axel Polymers Limited
MSME payment history for Axel Polymers Limited
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Subsidiaries & Group Companies of Axel Polymers Limited
Corporate group structure for Axel Polymers Limited
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MCA Filings & Documents of Axel Polymers Limited
MCA filings and documents for Axel Polymers Limited
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Recent Activity on Axel Polymers Limited
Frequently Asked Questions about Axel Polymers Limited
Axel Polymers Limited is an active public limited company in the manufacturing sector based in Vadodara, Gujarat, India. It was incorporated on 21 May 1992 (34+ years old) and is registered under CIN L25200GJ1992PLC017678. Listed on BSE: 513642. The company has 70 employees.
Axel Polymers Limited reported revenue of ₹44.4 Cr for FY 2026 (down 43.15% YoY) based on standalone BSE filings.
The current directors of Axel Polymers Limited are:
- Aarasp Bejan Bodhanwala - Director
- Gaurav Surendrakumar Thanky - Managing Director
- Ashokkumar Natwarlal Shah - Director
- Chirag Bhupendrabhai Shah - Director
- Dhara Gaurav Thanky - Director
- Yogesh Jeshthanand Keshariya - Additional Director
The primary industry of Axel Polymers Limited is manufacturing. The company specifically operates in plastic and resins. The company is currently active in this sector.
Yes. Axel Polymers Limited is listed on BSE with code 513642.
Axel Polymers Limited can be reached at the registered office: S No 309 Vil – Mokshi Sankarda – Savli Road Tal – Savli, Vadodara, Gujarat, India – 391780, or through the website axelindia.com.