About Dce Refrigeration Private Limited
Data last updated:
Dce Refrigeration Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 11 September 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29191MH1997PTC110614. Its GSTIN is 27AAACD6332K1ZN (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹81.05 Lakh. It is led by directors including Sanjay Vinayak Ethape and Yuvraj Narayan Lonkar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 301/302 Crystal Corporate Kenjale Nagar Bibwewadi Kondhwa Road Bibwewadi, Pune, Maharashtra, India – 411037.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.4 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹1.89 Cr (net margin 6.2%) and EBITDA of ₹2.86 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 35% over five years.
As per MCA filings, the company has open charges of ₹10.9 Cr and satisfied charges of ₹1.38 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 dceref.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address301/302 Crystal Corporate Kenjale Nagar Bibwewadi Kondhwa Road Bibwewadi, Pune, Maharashtra, India – 411037
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
- 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 Dce Refrigeration Private Limited
The main business activity of Dce Refrigeration 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 Dce Refrigeration Private Limited FY 2025 filings available
Dce Refrigeration Private Limited reported revenue of ₹30.4 Cr (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Dce Refrigeration Private Limited
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 35%. EBITDA fell 24% 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 Dce Refrigeration 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 | ₹2.86 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.89 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 Dce Refrigeration Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.2% | •••• | •••• | •••• | •••• |
| 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 Dce Refrigeration 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.
Peer Comparison of Dce Refrigeration Private Limited
Dce Refrigeration Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Compressors). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Venus Compressors Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Fitwell Tech India Private Limited | •••• | •••• | •••• | •••• | 70 | Bhopal, Madhya Pradesh, India |
| Air Design Hvac Private Limited | •••• | •••• | •••• | •••• | 40 | Mumbai, Maharashtra, India |
| Tomashi India Private Limited | •••• | •••• | •••• | •••• | - | Karnal, Haryana, India |
| Savair Energy Limited | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Dce Refrigeration Private Limited this company | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Air Techno India Private Limited | •••• | •••• | •••• | •••• | - | Faridabad, Haryana, India |
| North India Compressors Private Limited | •••• | •••• | •••• | •••• | - | Sonepat, Haryana, India |
| Maico Ventilation Private Limited | •••• | •••• | •••• | •••• | 51 | Pune, Maharashtra, India |
| SK Systems Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Greenboxco Hvacr Private Limited | •••• | •••• | •••• | •••• | 47 | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Dce Refrigeration by revenue in the Machinery and Equipment industry (Compressors), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Dce Refrigeration Private Limited
Dce Refrigeration Private Limited is audited by JAYAVANT B.CHAVAN AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JAYAVANT B.CHAVAN AND 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.
Board of Directors of Dce Refrigeration Private Limited
Dce Refrigeration has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yuvraj Narayan Lonkar | Additional Director | 15 Oct 2022 | 3 Years 11 Months | Current |
| Sanjay Vinayak Ethape | Director | 11 Sep 1997 | 29 Years 0 Months | Current |
| Sandeep Vitthal Saste Also directs: Econode Technologies Private Limited | Additional Director | 15 Oct 2022 | 3 Years 11 Months | Current |
| Swapnil Sanjay Ethape Also directs: Econode Technologies Private Limited | Additional Director | 14 Sep 2022 | 4 Years 0 Months | Current |
Ownership and Shareholding of Dce Refrigeration 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 Dce Refrigeration Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Feb 2025 | Others | ₹42.15 Lakh | Open |
| 15 Mar 2023 | Others | ₹9.9 Cr | Open |
| 26 Dec 2022 | Others | ₹12.82 Lakh | Open |
| 12 Apr 2016 | Others | ₹31 Lakh | Open |
| 03 Mar 2003 | The Saraswat Co-Operative Bank Limited | ₹10 Lakh | Open |
Total charge records: 10 View all charges
Employees and EPFO Compliance at Dce Refrigeration Private Limited
Employment history and EPFO contributions of people linked to Dce Refrigeration.
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 Dce Refrigeration Private Limited
Dce Refrigeration Private Limited has 5 board changes on record since 1997: 4 appointments and 1 cessation. The latest: Sandeep Vitthal Saste was appointed as Additional Director on 15 Oct 2022.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dce Refrigeration 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 Dce Refrigeration 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 Dce Refrigeration 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 Dce Refrigeration Private Limited
Dce Refrigeration has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD6332K1ZN | Maharashtra | 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 Dce Refrigeration 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 Dce Refrigeration Private Limited
Dce Refrigeration is an active private limited company based in Pune, Maharashtra, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 11 September 1997 (29+ years old) and is registered under CIN U29191MH1997PTC110614.
Dce Refrigeration reported revenue of ₹30.4 Cr for FY 2025 (down 24% YoY).
Dce Refrigeration has 4 current directors:
- Yuvraj Narayan Lonkar - Additional Director
- Sanjay Vinayak Ethape - Director
- Sandeep Vitthal Saste - Additional Director
- Swapnil Sanjay Ethape - Additional Director
Dce Refrigeration reported a net profit of ₹1.89 Cr (net margin 6.2%) and EBITDA of ₹2.86 Cr (EBITDA margin 9.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dce Refrigeration is 44% over three years and 35% over five years. In the latest year (FY 2025) revenue fell 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Dce Refrigeration is 27AAACD6332K1ZN, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Dce Refrigeration is U29191MH1997PTC110614. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dce Refrigeration was incorporated on 11 September 1997, making it 29+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Dce Refrigeration by revenue are Venus Compressors Private Limited, Fitwell Tech India Private Limited, Air Design Hvac Private Limited, Tomashi India Private Limited, Savair Energy Limited and 5 more, all in the Machinery and Equipment industry (Compressors).
Sandeep Vitthal Saste was appointed as Additional Director on 15 Oct 2022. Yuvraj Narayan Lonkar was appointed as Additional Director on 15 Oct 2022. Pradip Eknath Wani ceased to be Director on 14 Sep 2022. Dce Refrigeration has 5 board changes on record in total.
Dce Refrigeration can be reached through the website dceref.com. Its registered office is in Pune, Maharashtra, India.