About Comet Ceramic Private Limited
Data last updated:
Comet Ceramic Private Limited is a private limited company based in Morbi, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 25 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2003PTC042966. Its GSTIN is 24AACCC2523M1ZV (Gujarat).
The company has an authorised share capital of ₹1.7 Cr and a paid-up capital of ₹1.69 Cr. It is led by directors including Sandip Kishorbhai Aghara and Parth Ramniklal Aghara.
Its last annual general meeting (AGM) was held on 06 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 8 A National Highwaynava Jambudia, Morbi, Gujarat, India – 363642.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.49 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹26.1 Lakh (net margin -307.6%) and EBITDA of -₹10.58 Lakh (EBITDA margin -124.7%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 54% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.83 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 8 cases involving the company, including 8 filed by the company; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cornetceramic.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address8 A National Highwaynava Jambudia, Morbi, Gujarat, India – 363642
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
- 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
Business Activity of Comet Ceramic Private Limited
The main business activity of Comet Ceramic is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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 Comet Ceramic Private Limited FY 2025 filings available
Comet Ceramic Private Limited reported revenue of ₹8.49 Lakh (down 93% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Comet Ceramic Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 93% fall in the latest year. EBITDA fell 717% 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 Comet Ceramic Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹10.58 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹26.1 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 Comet Ceramic Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -124.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -307.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Comet Ceramic are in the company report.
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.
Board of Directors of Comet Ceramic Private Limited
Comet Ceramic has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandip Kishorbhai Aghara | Director | 01 Feb 2010 | 16 Years 8 Months | Current |
| Parth Ramniklal Aghara Also directs: Keda Tiles LLP, Keda Ceramic Private Limited | Director | 14 May 2015 | 11 Years 5 Months | Current |
| Hardik Pravinbhai Aghara | Director | 14 May 2015 | 11 Years 5 Months | Current |
Peer Comparison of Comet Ceramic Private Limited
Comet Ceramic Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hanu Granimarmo Private Limited | ₹8.71 Lakh (FY 2025) | •••• | •••• | 3.0% | •••• | Bagru, Rajasthan, India |
| K N Tiles & Stones Private Limited | ₹8.66 Lakh (FY 2024) | •••• | •••• | •••• | Mango, Jharkhand, India | |
| Arasan Stones Private Limited | ₹8.62 Lakh (FY 2025) | •••• | •••• | 62.0% | •••• | Sivakasi, Tamil Nadu, India |
| Vikas Balaji Mines Private Limited | ₹8.62 Lakh (FY 2025) | •••• | •••• | -89.0% | •••• | Rajsamand, Rajasthan, India |
| Galaxy Glareware Private Limited | ₹8.5 Lakh (FY 2024) | •••• | •••• | 183.0% | •••• | Dhuva, Gujarat, India |
| Comet Ceramic Private Limited this company | ₹8.49 Lakh (FY 2025) | •••• | •••• | -93.0% | •••• | Morbi, Gujarat, India |
| Altra Aqua Bond Construction Chemicals Private Limited | ₹8.47 Lakh (FY 2024) | •••• | •••• | •••• | Bengaluru, Karnataka, India | |
| Favourite Ceramic Private Limited | ₹8.44 Lakh (FY 2025) | •••• | •••• | -7.0% | •••• | Morbi, Gujarat, India |
| Treejal Stones Private Limited | ₹8.42 Lakh (FY 2024) | •••• | •••• | -92.0% | •••• | Bangalore, Karnataka, India |
| Vinav Ceramics Pvt Ltd | ₹8.13 Lakh (FY 2025) | •••• | •••• | -10.0% | •••• | Vadodara, Gujarat, India |
| Solanki Marmo Grani Private Limited | ₹8.12 Lakh (FY 2024) | •••• | •••• | -30.0% | •••• | Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Comet Ceramic by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Comet Ceramic Private Limited
Comet Ceramic Private Limited is audited by S SHARDA & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S SHARDA & ASSOCIATES | Locked | Locked | Locked |
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.
Ownership and Shareholding of Comet Ceramic Private Limited
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 Comet Ceramic Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Mar 2004 | Others | ₹5.83 Cr | Open |
| 11 Mar 2004 | State Bank of Saurashtra | ₹60 Lakh | Satisfied |
| 11 Mar 2004 | State Bank of Saurashtra | ₹90 Lakh | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Comet Ceramic Private Limited
Comet Ceramic Private Limited has 8 court cases on record: 8 filed by Comet Ceramic. 3 cases are pending and 5 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 4 | 0 | 3 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against Guru Nanak Traders | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| High Court of Gujarat | Court case (TAXAP) | Filed by the company against Acit/ Deputy Commissioner of Income Tax, Central-2 | Disposed |
| High Court of Gujarat | Court case (TAXAP) | Filed by the company against Acit/Deputy Commissioner of Income Tax Central 2 | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Comet Ceramic Private Limited
Comet Ceramic Private Limited has a workforce of 3 employees as of Apr 05, 2024.
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.
Recent Activity on Comet Ceramic Private Limited
Comet Ceramic Private Limited has 13 board changes on record since 2008: 3 appointments and 10 cessations. The latest: Raghavjibhai Manjibhai Patel ceased to be Director on 31 Aug 2020.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Comet Ceramic Private Limited
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 Comet Ceramic Private Limited
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 Comet Ceramic Private Limited
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 Comet Ceramic Private Limited
Comet Ceramic has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCC2523M1ZV | Gujarat | Active | 01 Jul 2017 |
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 Comet Ceramic Private Limited
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 Comet Ceramic Private Limited
Comet Ceramic is an active private limited company based in Morbi, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 25 September 2003 (23+ years old) and is registered under CIN U26933GJ2003PTC042966.
Comet Ceramic reported revenue of ₹8.49 Lakh for FY 2025 (down 93% YoY).
Comet Ceramic has 3 current directors:
- Sandip Kishorbhai Aghara - Director
- Parth Ramniklal Aghara - Director
- Hardik Pravinbhai Aghara - Director
Comet Ceramic reported a net loss of ₹26.1 Lakh (net margin -307.6%) and EBITDA of -₹10.58 Lakh (EBITDA margin -124.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Comet Ceramic is -33% over three years and -54% over five years. In the latest year (FY 2025) revenue fell 93%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Comet Ceramic is 24AACCC2523M1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Comet Ceramic is U26933GJ2003PTC042966. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Comet Ceramic has 8 court cases on record: 8 filed by the company. 3 are pending. Most are in the high courts.
Comet Ceramic was incorporated on 25 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Comet Ceramic by revenue are Hanu Granimarmo Private Limited, K N Tiles & Stones Private Limited, Arasan Stones Private Limited, Vikas Balaji Mines Private Limited, Galaxy Glareware Private Limited and 5 more, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles).
Raghavjibhai Manjibhai Patel ceased to be Director on 31 Aug 2020. Bhimjibhai Vasrambhai Bhalodia ceased to be Director on 31 Jul 2017. Hardik Pravinbhai Aghara ceased to be Additional Director on 31 Aug 2016. Comet Ceramic has 13 board changes on record in total.