Deco Mica Limited - packaging in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L20299GJ1988PLC010807 Incorporated 07 June 1988 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 531227 Public Limited Company packaging MSME · Medium
Data last updated
Market Cap
₹24.70 Cr
DECOMIC · BSE
Share Price
₹58.81
0.00% today
Revenue
₹68.55 Cr
FY 2025-26 · -9.9% YoY
EBITDA
₹4.10 Cr
Margin 6.0%
Net Profit
₹0.71 Cr
FY 2025-26 · -63.6% YoY
P/E (TTM)
34.0x
P/B 0.9x
ROE
2.5%
ROCE 6.8%
Debt / Equity
0.81
Interest cover 92.5x

About Deco Mica Limited

Data last updated:

Deco Mica Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the paper segment of the packaging sector. It was incorporated on 07 June 1988 and has been in existence for over 38 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L20299GJ1988PLC010807. Its GSTIN is 24AAACD8652J1ZK (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 531227.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.2 Cr. It was formerly known as Deco Mica Private Limited. It is led by directors including Vijay Kumar Dindayal Agarwal (Managing Director) and Vishal Vijay Bhai Agarwal.

Its last annual general meeting (AGM) was held on 15 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹68.55 Cr, a decline of 9.9% compared to the previous year. For the same year it recorded a net profit of ₹71 Lakh (net margin 1%) and EBITDA of ₹4.1 Cr (EBITDA margin 6%). The net worth stands at ₹27.62 Cr (up 2.6% YoY). Total assets are valued at ₹52.16 Cr (up 6% YoY).

The company has about 149 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Deco Mica. As per MCA filings, the company has open charges of ₹45.08 Cr and satisfied charges of ₹11.11 Cr on record. Court records list 25 cases involving the company, including 13 filed by the company and 12 filed against it; 6 cases are pending. The company has 4 deals on record (4 market trades); the latest was in February 2023. The company has 8 MSME Form 1 returns on record between 2019 and 2024, listing 526 overdue payments to 29 micro and small suppliers.

Deco Mica Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0031468). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website heritagesurfaces.com.

Company details

CIN L20299GJ1988PLC010807
Registration Number 010807
Incorporation Date 07 June 1988
ROC Ahmedabad
Listing Status Listed - Listed on BSE (531227)
Company Status Active
Date of Last AGM 15 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0031468

CIN history

Deco Mica has one previous CIN (Corporate Identification Number): U20299GJ1988PLC010807. The current CIN is L20299GJ1988PLC010807, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L20299GJ1988PLC010807Current
U20299GJ1988PLC010807Previous

Recognitions & Rankings of Deco Mica

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0031468

Contact details

Deco Mica Limited's registered office is in Ahmedabad, Gujarat. Its website is heritagesurfaces.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    306 3rd Floor Iscon Mall Star Bazar Building Jodhpur Char Rasta, Satellite, Ahmedabad, Gujarat, India – 380015
  • Industry
    Packaging, Paper, Laminated & Corrugated Packaging

To see the full contact details of Deco Mica Limited, buy the company report.

Comprehensive company report
Deco Mica 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Deco Mica operates one associated brand: DECO MICA. Each brand links to its own profile.

BrandDescriptionWebsite
Mica minerals are processed and distributed by DECO MICA.decomicaltd.com

Business activity

The main business activity of Deco Mica is manufacturing. In detail, this covers manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing16Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

To see the full business activity and turnover split of Deco Mica Limited, buy the company report.

Financials of Deco Mica Limited

FY 2025-26 filings available

Deco Mica Limited reported revenue of ₹68.55 Cr (down 9.9% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹68.55 Cr
-9.9% YoY
EBITDA
₹4.10 Cr
-25.0% YoY
Profit After Tax
₹0.71 Cr
-63.6% YoY
Net Worth
₹27.62 Cr
+2.6% YoY
Total Assets
₹52.16 Cr
+6.0% YoY
Total Debt
₹23.12 Cr
+9.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue68.5576.0677.2778.3071.7153.4448.55
Revenue growth-9.9%-1.6%-1.3%+9.2%+34.2%+10.1%-
EBITDA4.105.476.866.204.404.483.68
EBITDA margin+6.0%+7.2%+8.9%+7.9%+6.1%+8.4%+7.6%
Profit before tax1.233.133.543.292.021.971.17
Net profit0.711.952.332.282.021.360.87
Net profit margin+1.0%+2.6%+3.0%+2.9%+2.8%+2.5%+1.8%
EPS (₹)1.654.645.505.434.823.162.06
Balance sheet
Total assets52.1649.2046.9641.3241.6937.7334.16
Net worth27.6226.9225.0022.8020.6118.5917.19
Total debt23.1221.0620.9517.8220.6418.8016.70
Cash & bank1.020.811.120.760.930.720.72
Net working capital39.5936.0735.2129.7931.4827.9723.92
Cash flow
Cash from operations1.014.700.737.05(0.43)(1.31)(1.34)
Cash from investing(1.13)(1.07)(1.63)(2.04)(1.47)(0.70)(0.70)
Cash from financing0.11(3.67)1.04(5.05)1.892.032.05
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue21.9215.8020.2116.6016.4315.3122.2019.90
Revenue growth (YoY)+33.4%+3.2%-9.0%-16.6%-9.4%-3.2%--
Other income0.000.020.920.030.070.030.930.07
Total expenses20.7514.3320.0814.7715.8413.7620.4417.66
EBITDA1.171.470.131.830.591.551.762.24
EBITDA margin+5.3%+9.3%+0.6%+11.0%+3.6%+10.1%+7.9%+11.3%
Depreciation0.430.430.430.430.420.420.390.42
Interest0.500.410.300.590.770.570.800.51
Profit before tax0.240.650.320.84(0.53)0.591.501.38
Tax(0.11)0.210.270.23(0.14)0.160.620.48

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue21.9215.8020.2116.6016.4315.3122.2019.90
Revenue growth (YoY)+33.4%+3.2%-9.0%-16.6%-9.4%-3.2%--
Other income0.000.020.920.030.070.030.930.07
Total expenses20.7514.3320.0814.7715.8413.7620.4417.66
EBITDA1.171.470.131.830.591.551.762.24
EBITDA margin+5.3%+9.3%+0.6%+11.0%+3.6%+10.1%+7.9%+11.3%
Depreciation0.430.430.430.430.420.420.390.42
Interest0.500.410.300.590.770.570.800.51
Profit before tax0.240.650.320.84(0.53)0.591.501.38
Tax(0.11)0.210.270.23(0.14)0.160.620.48
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue68.5576.0677.2778.3071.7153.4448.55
Revenue growth-9.9%-1.6%-1.3%+9.2%+34.2%+10.1%-
Other income1.051.660.230.780.430.140.18
Total expenses64.4570.5970.4172.1067.3148.9644.87
Employee cost9.909.667.997.005.945.024.83
EBITDA4.105.476.866.204.404.483.68
EBITDA margin+6.0%+7.2%+8.9%+7.9%+6.1%+8.4%+7.6%
Depreciation1.691.581.271.311.161.091.07
Interest2.232.422.282.381.651.561.62
Profit before tax1.233.133.543.292.021.971.17
Tax0.521.181.231.010.000.640.31
Net profit0.711.952.332.282.021.360.87
Net profit margin+1.0%+2.6%+3.0%+2.9%+2.8%+2.5%+1.8%
EPS (₹)1.654.645.505.434.823.162.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital4.204.204.204.204.204.204.20
Reserves & surplus23.4222.7220.8018.6016.4114.3912.99
Shareholders' funds (net worth)27.6226.9225.0022.8020.6118.5917.19
Secured loans13.6911.6013.3710.9714.5613.3711.61
Unsecured loans9.439.467.586.856.085.435.09
Total debt23.1221.0620.9517.8220.6418.8016.70
Total liabilities52.1649.2046.9641.3241.6937.7334.16
Assets
Gross block23.5622.9619.8718.7916.8015.3614.65
Net block12.6413.3711.7111.6910.9110.6311.01
Capital work in progress0.010.010.320.170.050.000.00
Investments0.000.000.000.000.000.000.00
Inventories27.4624.8721.4122.1920.5713.2713.28
Sundry debtors39.5839.1834.1727.5927.6422.7724.92
Cash & bank balances1.020.811.120.760.930.720.72
Loans & advances0.840.540.700.480.760.750.56
Total current assets68.9065.4057.4051.0249.9037.5139.48
Total current liabilities29.3129.3322.1921.2318.429.5415.56
Net working capital39.5936.0735.2129.7931.4827.9723.92
Total assets52.1649.2046.9641.3241.6937.7334.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.110.150.010.050.060.050.04
Net cash from operating activities1.014.700.737.05(0.43)(1.31)(1.34)
Net cash from investing activities(1.13)(1.07)(1.63)(2.04)(1.47)(0.70)(0.70)
Net cash from financing activities0.11(3.67)1.04(5.05)1.892.032.05
Net change in cash(0.01)(0.05)0.14(0.04)(0.01)0.010.01
Closing cash1.020.811.120.760.930.720.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-9.9%-1.6%-1.3%+9.2%+34.2%+10.1%-
EBITDA growth-25.1%-20.3%+10.7%+40.9%-1.8%+21.7%-
PBT growth-60.7%-11.6%+7.6%+62.9%+2.5%+68.4%-34.6%
Net income growth-63.6%-16.3%+2.2%+12.9%+48.5%+56.3%-
Revenue CAGR (3Y)-4.3%+2.0%+13.1%+17.3%+11.9%+1.6%+14.5%
EBITDA CAGR (3Y)-12.9%+7.5%+15.3%+19.0%+4.5%+0.8%+1.0%
Profitability & leverage
Net income margin+1.0%+2.6%+3.0%+2.9%+2.8%+2.5%+1.8%
Return on capital employed+6.8%+11.5%+13.2%+13.7%+9.2%+9.8%+8.5%
Return on net worth+2.5%+7.5%+9.7%+10.5%+10.3%+7.4%+5.1%
Debt / equity0.810.810.810.891.010.990.93
Long-term debt / equity0.050.050.040.050.070.050.02
Interest cover92.5362.2140.7948.6750.9346.0262.07
Efficiency & per share
Fixed asset turnover2.953.554.004.404.463.562.96
Inventory turnover2.623.293.543.664.244.033.98
Debtors turnover1.742.072.502.842.852.241.93
EPS (₹)1.654.645.505.434.823.162.06
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)65.7664.1059.5254.2949.0644.2640.93

To see the full year-wise statements and ratios of Deco Mica Limited, buy the company report.

Board of directors of Deco Mica Limited

Deco Mica has 8 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vijay Kumar Dindayal AgarwalManaging Director01 Jan 199729 Years 10 MonthsCurrent
Vishal Vijay Bhai AgarwalDirector08 Nov 200817 Years 11 MonthsCurrent
Vikas Vijay Bhai AgarwalDirector13 Feb 20188 Years 8 MonthsCurrent
Nupur Bipinchandra ModiDirector03 Oct 20188 Years 1 MonthsCurrent
Gunjan Yogesh PandyaDirector27 Sep 20197 Years 1 MonthsCurrent
Diwakar Navalkishor JhaDirector28 Jan 20251 Years 9 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Deco Mica Limited is audited by J.T.Shah & Co. for the financial year 2025.

Auditor firmFinancial yearFirm registration number
J.T.Shah & Co.FY 2025109616W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 70.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.60% and retail and other public shareholders hold 29.40%.

Promoters: 70.00%DII (Domestic Institutional): 0.60%Retail & Others: 29.40%
Mar 2026
QUARTER
70.00% Promoters
0.60% DII (Domestic Institutional)
29.40% Retail & Others
Promoter holding - history
Now 70.00% · Mar 2026High 70.00% · Jun 2025Low 70.00% · Jun 2025
69%69.5%70%70.5%71%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 70.00%Sep 2025: 70.00%Dec 2025: 70.00%Mar 2026: 70.00%70.00%70.00%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters70.00%70.00%70.00%70.00%
Public30.00%30.00%30.00%30.00%

Charges & borrowings

Open charges
₹45.08 Cr
Satisfied charges
₹11.11 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹44.80 Cr
Others₹0.28 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Jul 2026101358027Hdfc Bank Limited₹2.1 CrOpen
11 Dec 2025101198614Hdfc Bank Limited₹13.56 LakhOpen
19 Jul 2024100951914Hdfc Bank Limited₹9.06 LakhOpen
06 Mar 2024100881413Hdfc Bank Limited₹27.93 LakhOpen
26 Dec 2023100836485Hdfc Bank Limited₹8.4 LakhOpen

To see the full charge records of Deco Mica Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Deco Mica Limited has 4 deals on record (4 market trades); the latest was in February 2023.

Total deals
4
Market trades
4

Deals on record (4 of 4)

WhenDealAmountParties
Feb 2023Market trade₹30.8 LakhBuyer: an individual
Seller: an individual
Jun 2021Market trade₹18.9 LakhBuyer: an individual
Feb 2018Market trade₹14.6 LakhBuyer: an individual
Seller: an individual
Sep 2014Market trade₹3.4 LakhSeller: an individual

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Deco Mica Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 526 overdue payments to 29 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 29)

SupplierAmount dueDue sinceReported on
JM Plastopack Private Limited
The Navigators
an individual supplier
Ashapuri Gloves Industries
an individual supplier

To see the full MSME payment records of Deco Mica Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Deco Mica Limited has a workforce of 149 employees on its EPFO records as of Sep 26, 2025, across 1 active EPFO establishment.

Employee count
149
Active EPFO establishments
1
Employee growth
8.76%

GST

Deco Mica has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAACD8652J1ZKGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Deco Mica Limited, buy the company report.

Recent activity

Deco Mica Limited has 16 board changes on record since 1997: 12 appointments and 4 cessations. The latest: Diwakar Navalkishor Jha was appointed as Director on 28 Jan 2025.

AGM
Deco Mica Limited last Annual general meeting of members was held on 15 Sep 2026 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.10 Cr with Charge ID 101358027 was registered on 28 Jul 2026.
Filing
Deco Mica Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge registered on 21 Feb 2021 via Charge ID 100423873 with Hdfc Bank Limited was fully satisfied on 28 Jan 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.14 Cr with Charge ID 101198614 was registered on 11 Dec 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 21.75 Cr registered on 30 Jan 2016 with Charge ID 10620355 was modified on 12 Mar 2025.
Charges
A charge registered on 21 Feb 2021 via Charge ID 100425929 with Hdfc Bank Limited was fully satisfied on 01 Feb 2025.
Appointed
Diwakar Navalkishor Jha was appointed as Director.
Appointed
Dyuti Deepak Vyas was appointed as Director.
Appointed
Anjali Shivsharan Upadhyay was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 100951914 was registered on 19 Jul 2024.
Ceased
Harishkumar Dhanjibhai Joshi ceased to be Director.

29 earlier events are in the company report.

Frequently asked questions

Deco Mica is an active public limited company based in Ahmedabad, Gujarat, India. The company works in paper, within the packaging industry. It was incorporated on 07 June 1988 (38+ years old) and is registered under CIN L20299GJ1988PLC010807. Listed on BSE: 531227.

Deco Mica reported revenue of ₹68.55 Cr for FY 2025-26 (down 9.9% YoY) based on standalone financials.

Deco Mica has 8 current directors:

The latest financial statements of Deco Mica on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 15 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Deco Mica is 24AAACD8652J1ZK, registered in Gujarat.

The CIN (Corporate Identification Number) of Deco Mica is L20299GJ1988PLC010807. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Deco Mica is a listed company as per MCA records. Its shares are listed on BSE (code: 531227).

Deco Mica has 25 court cases on record: 13 filed by the company and 12 filed against it. 6 are pending. Most are in the high courts.

Deco Mica was incorporated on 07 June 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Deco Mica has 4 deals on record (4 market trades); the latest was in February 2023.

Diwakar Navalkishor Jha was appointed as Director on 28 Jan 2025. Dyuti Deepak Vyas was appointed as Director on 13 Nov 2024. Anjali Shivsharan Upadhyay was appointed as Director on 14 Oct 2024. Deco Mica has 16 board changes on record in total.