Dharma Lubes Private Limited
About Dharma Lubes Private Limited
Data last updated:
Dharma Lubes Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 01 March 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U23200GJ1988PTC010406. Its GSTIN is 24AACCD5710F1Z6 (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.58 Lakh. It is led by directors Jayeshkumar Dharamchand Shah and Priti Vipulkumar Shah.
Its last annual general meeting (AGM) was held on 30 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 6 – 7 Rajhans Complex Sub – Jail Road Ring Road, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2026, the company reported a revenue of ₹27.45 Lakh, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹16.4 Lakh (net margin 59.7%) and EBITDA of ₹16.4 Lakh (EBITDA margin 59.7%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 57% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹90 Lakh on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Dharma Lubes Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address6 – 7 Rajhans Complex Sub – Jail Road Ring Road, Surat, Gujarat, India – 395002
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Dharma Lubes Private Limited, buy the company report.
- 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
Business activity
The main business activity of Dharma Lubes is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Dharma Lubes Private Limited, buy the company report.
Financials of Dharma Lubes Private Limited
FY 2026 filings availableDharma Lubes Private Limited reported revenue of ₹27.45 Lakh (down 2% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 2% fall in the latest year. EBITDA rose 21% 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹27.45 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.4 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.4 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 59.7% | ||||
| Net Profit Margin | 59.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Dharma Lubes Private Limited, buy the company report.
Board of directors of Dharma Lubes Private Limited
Dharma Lubes has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayeshkumar Dharamchand Shah | Director | 01 Mar 1988 | 38 Years 8 Months | Current |
| Priti Vipulkumar Shah | Director | 29 Dec 2022 | 3 Years 10 Months | Current |
Peer comparison
Dharma Lubes Private Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Petrochemicals), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jindal Petroleum Private Limited | ₹29.38 Lakh (FY 2025) | -100.0% | New Delhi, Delhi, India | |||
| Vincot Chemicals Private Limited | ₹29.08 Lakh (FY 2025) | 23.0% | Udaipur, Rajasthan, India | |||
| Marcopolo Manufacturers (OPC) Private Limited | ₹27.6 Lakh (FY 2023) | 11038144.0% | Thane, Maharashtra, India | |||
| Dharma Lubes Private Limitedthis company | ₹27.45 Lakh (FY 2026) | ₹16.4 Lakh | 59.7% | -2.0% | 13 | Surat, Gujarat, India |
To see the full peer comparison of Dharma Lubes Private Limited, buy the company report.
Auditor
Dharma Lubes Private Limited is audited by JAIN RAJESH & CO. for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN RAJESH & CO. | FY 2026 | 103963W |
Shareholding
The shareholding of Dharma Lubes Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dharma Lubes Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jan 2008 | 10087645 | Others | ₹90 Lakh | Satisfied |
To see the full charge records of Dharma Lubes Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Dharma Lubes Private Limited has 13 court cases on record: 9 filed by Dharma Lubes, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 4 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 2 others | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against individuals | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company | Disposed |
To see the full case history of Dharma Lubes Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dharma Lubes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dharma Lubes Private Limited has a workforce of 13 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Dharma Lubes has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCD5710F1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dharma Lubes Private Limited, buy the company report.
Recent activity
Dharma Lubes Private Limited has 6 board changes on record since 1988: 2 appointments and 4 cessations. The latest: Jayantilal Swarupchand Shah ceased to be Director on 07 Jan 2023.
Frequently asked questions
Dharma Lubes is an active private limited company based in Surat, Gujarat, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 01 March 1988 (38+ years old) and is registered under CIN U23200GJ1988PTC010406.
Dharma Lubes has 2 current directors:
- Jayeshkumar Dharamchand Shah - Director
- Priti Vipulkumar Shah - Director
The latest financial statements of Dharma Lubes on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Dharma Lubes is 24AACCD5710F1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Dharma Lubes is U23200GJ1988PTC010406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dharma Lubes has 13 court cases on record: 9 filed by the company and 4 filed against it. Most are in the district courts.
Dharma Lubes was incorporated on 01 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Dharma Lubes by revenue are Jindal Petroleum Private Limited, Vincot Chemicals Private Limited, Marcopolo Manufacturers (OPC) Private Limited, all in the Chemicals industry (Petrochemicals), with the same principal business activity (wholesale trading).
Jayantilal Swarupchand Shah ceased to be Director on 07 Jan 2023. Priti Vipulkumar Shah was appointed as Director on 29 Dec 2022. Priti Vipulkumar Shah ceased to be Director on 01 Jan 2019. Dharma Lubes has 6 board changes on record in total.
The registered office of Dharma Lubes is at 6 – 7 Rajhans Complex Sub – Jail Road Ring Road, Surat, Gujarat, India – 395002.
Dharma Lubes operates in the chemicals and materials industry, in the petrochemicals and derivatives segment.
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