About Comet Granito Private Limited
Data last updated:
Comet Granito Private Limited is a private limited company based in Nava Jambudia, Gujarat, India. It operates in the ceramics segment of the manufacturing sector. It was incorporated on 18 September 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26914GJ2006PTC049091. Its GSTIN is 24AACCC9062H1ZQ (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹6.04 Cr. It is led by directors including Prashantkumar Virajibhai Bhalodia and Pintukumar Shamjibhai Padaliya.
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 Survey No. 118 National Highway No. 8 – A Tal. Morbi, Nava Jambudia, Gujarat, India – 363642.
As per the financials filed for FY 2024, the company reported a revenue of ₹480.56 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹11.33 Cr (net margin 2.4%) and EBITDA of ₹85.38 Cr (EBITDA margin 17.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 20% over five years.
The company is associated with 2 brands: Comet Granito and Granicer. As per MCA filings, the company has open charges of ₹486.83 Cr and satisfied charges of ₹32.51 Cr on record. Court records list 58 cases involving the company, including 14 filed by the company and 43 filed against it; 31 cases are pending. The company has 24 deals on record (16 secondary share transfers, 5 funding rounds, 3 rights issues), with disclosed funding of ₹18.71 Cr; the latest was in February 2023. Its 10 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles) are compared by revenue, 5 larger and 5 smaller; the largest is Midwest Limited with revenue of ₹643.14 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website granicer.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSurvey No. 118 National Highway No. 8 – A Tal. Morbi, Nava Jambudia, Gujarat, India – 363642
- IndustryManufacturing, Ceramics, Sanitaryware & Tile
- 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
Associated Brands with Comet Granito Private Limited
Comet Granito operates two associated brands: Comet Granito and Granicer. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures porcelain slabs and tiles for building and design applications. | granicer.in | |
| Manufacturing and supplying of ceramic tiles with a focus on quality standards in India. | cometindia.co.in |
Business Activity of Comet Granito Private Limited
The main business activity of Comet Granito is manufacturing. In detail, this covers 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
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 Granito Private Limited FY 2024 filings available
Comet Granito Private Limited reported revenue of ₹480.56 Cr (down 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Comet Granito Private Limited
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA rose 20% 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 Granito Private Limited
| 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 | ₹480.56 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹85.38 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.33 Cr | •••• | •••• | •••• | •••• |
| 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 Granito Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.4% | •••• | •••• | •••• | •••• |
| 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 Granito 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 Granito Private Limited
Comet Granito has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashantkumar Virajibhai Bhalodia Also directs: Granicer International LLP, Granicer Tiles Private Limited | Director | 05 Dec 2007 | 18 Years 10 Months | Current |
| Pintukumar Shamjibhai Padaliya Also directs: Granicer International LLP, Granicer Tiles Private Limited | Director | 10 Feb 2007 | 19 Years 8 Months | Current |
| Shaileshbhai Devshibhai Bhalodiya | Director | 15 Feb 2010 | 16 Years 8 Months | Current |
| Sunil Virjibhai Bhalodiya Also directs: Corus Vitrified Private Limited | Director | 12 Dec 2014 | 11 Years 10 Months | Current |
| Pareshbhai Devshibhai Bhalodiya Also directs: Granicer International LLP | Director | 12 Dec 2014 | 11 Years 10 Months | Current |
| Suresh Chandulal Bhupta | Director | 11 Sep 2018 | 8 Years 1 Months | Current |
Peer Comparison of Comet Granito Private Limited
Comet Granito 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 |
|---|---|---|---|---|---|---|
| Midwest Limited | ₹643.14 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Hyderabad, Telangana, India |
| Italica Granito Private Limited | ₹578.17 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Morbi, Gujarat, India |
| Motto Stone Private Limited | ₹507.5 Cr (FY 2025) | •••• | •••• | 80.0% | •••• | Wankaner, Gujarat, India |
| Qutone Ceramic Private Limited | ₹502.71 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Dhuva, Gujarat, India |
| Torrecid India Private Limited | ₹482.57 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Vadodara, Gujarat, India |
| Comet Granito Private Limited this company | ₹480.56 Cr (FY 2024) | •••• | •••• | -26.0% | •••• | Nava Jambudia, Gujarat, India |
| Marudhar Rocks International Private Limited | ₹468.3 Cr (FY 2023) | •••• | •••• | 26.0% | •••• | Bangalore, Karnataka, India |
| Sati Exports India Private Limited | ₹459.84 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Bangalore, Karnataka, India |
| Lavish Granito Private Limited | ₹453.07 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Morbi, Gujarat, India |
| Itaca Ceramic Private Limited | ₹449.8 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Lalpar, Gujarat, India |
| Nahar Colours and Coating Private Limited | ₹425.57 Cr (FY 2025) | •••• | •••• | 102.0% | •••• | Bharuch, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Comet Granito 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 Granito Private Limited
Comet Granito Private Limited is audited by S. Sharda & Assocates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. Sharda & Assocates | 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 Granito 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 Granito Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Aug 2023 | Axis Bank Limited | ₹40 Cr | Open |
| 13 Jun 2023 | Hdfc Bank Limited | ₹38.2 Lakh | Open |
| 28 Nov 2022 | Hdfc Bank Limited | ₹18.91 Lakh | Open |
| 28 Nov 2022 | Hdfc Bank Limited | ₹14.39 Lakh | Open |
| 25 Aug 2022 | Hdfc Bank Limited | ₹21.64 Lakh | Open |
Total charge records: 15 View all charges
Deals & Funding of Comet Granito Private Limited
Comet Granito Private Limited has 24 deals on record (16 secondary share transfers, 5 funding rounds, 3 rights issues), with disclosed funding of ₹18.71 Cr; the latest was in February 2023.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Dhanapati Vintrade Private Limited , Wakeeta Commercial Private Limited , Dhanapati Suppliers Private Limited |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: Dhanapati Suppliers Private Limited , Dhanapati Vintrade Private Limited , Wakeeta Commercial Private Limited Seller: Bhikshu Polytec Private Limited , Makeover Vintrade Limited , Bhikshu Polymers Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Maharaj Retailers Private Limited , Ashiana Traders Private Limited , Jelly Commotrade Private Limited |
| Jan 2011 | Funding round | ₹5.45 Cr | Investors: Gita Vinimay Private Limited , Girija Vincom Private Limited , Prapti Tradelink Private Limited |
| Mar 2009 | Funding round | ₹3.68 Cr | Investors: Jelly Commotrade Private Limited , Gokul Leasing and Finance Private Limited , Julep Commtrade Private Limited |
Full deal history
All 24 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Comet Granito Private Limited
Comet Granito Private Limited has 58 court cases on record: 14 filed by Comet Granito, 43 filed against it, 1 where it is another party. 31 cases are pending and 27 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 56 | 43 | 31 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Akola, Maharashtra | Criminal miscellaneous application | Filed against the company by The Bank of Maharashtra Limited | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Torrecid India Private Limited | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Belgium Glass and Ceramics Private Limited | Pending |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed against the company by Torrecid India Private Limited | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Limited | Disposed |
Full case history
All 58 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 Granito Private Limited
Employment history and EPFO contributions of people linked to Comet Granito.
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 Granito Private Limited
Comet Granito Private Limited has 16 board changes on record since 2006: 11 appointments and 5 cessations. The latest: Suresh Chandulal Bhupta was appointed as Director on 11 Sep 2018.
27 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Comet Granito 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 Granito 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 Granito 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 Granito Private Limited
Comet Granito has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCC9062H1ZQ | 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 Granito 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 Granito Private Limited
Comet Granito is an active private limited company based in Nava Jambudia, Gujarat, India. The company works in ceramics, within the manufacturing industry. It was incorporated on 18 September 2006 (20+ years old) and is registered under CIN U26914GJ2006PTC049091.
Comet Granito reported revenue of ₹480.56 Cr for FY 2024 (down 26% YoY).
Comet Granito has 6 current directors:
- Prashantkumar Virajibhai Bhalodia - Director
- Pintukumar Shamjibhai Padaliya - Director
- Shaileshbhai Devshibhai Bhalodiya - Director
- Sunil Virjibhai Bhalodiya - Director
- Pareshbhai Devshibhai Bhalodiya - Director
- Suresh Chandulal Bhupta - Director
Comet Granito reported a net profit of ₹11.33 Cr (net margin 2.4%) and EBITDA of ₹85.38 Cr (EBITDA margin 17.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Comet Granito is 1% over three years and 20% over five years. In the latest year (FY 2024) revenue fell 26%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Comet Granito is 24AACCC9062H1ZQ, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Comet Granito is U26914GJ2006PTC049091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Comet Granito has 58 court cases on record: 14 filed by the company and 43 filed against it. 31 are pending. Most are in the district courts.
Comet Granito was incorporated on 18 September 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Comet Granito has 24 deals on record (16 secondary share transfers, 5 funding rounds, 3 rights issues), with disclosed funding of ₹18.71 Cr; the latest was in February 2023.
The peers of Comet Granito by revenue are Midwest Limited, Italica Granito Private Limited, Motto Stone Private Limited, Qutone Ceramic Private Limited, Torrecid India Private Limited and 5 more, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles).