Durocoat Paints Pvt Ltd

Durocoat Paints Pvt Ltd - manufacturing in Ernakulam, Kerala, India. FY 2026 financials & compliance.
CIN U24222KL1991PTC006036 Incorporated 18 April 1991 ROC Ernakulam HQ Ernakulam, Kerala, India
Active Private Limited Company manufacturing MSME · Micro
Data last updated
Revenue · FY 2023
₹7.3 Cr
▲ 60% YoY
Net profit · FY 2023
₹10.75 Lakh
Net margin 1.5%
EBITDA · FY 2023
₹32.98 Lakh
EBITDA margin 4.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹49.84 Lakh
Issued & subscribed
Open charges
₹4.36 Cr
Satisfied ₹52.85 Lakh
Company age
35 yrs
Est. 1991
Directors on board
3
As per MCA filings

About Durocoat Paints Pvt Ltd

Data last updated:

Durocoat Paints Pvt Ltd is a private limited company based in Ernakulam, Kerala, India, a subsidiary of Wallmaax Paints Private Limited. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 18 April 1991 and has been in existence for over 35 years.

The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U24222KL1991PTC006036. Its GSTIN is 32AAACD8269R2Z1 (Kerala). 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 ₹49.84 Lakh. It is led by directors including Joe Joseph and Sushil Vadassery Antony.

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 Ernakulam, Kerala.

As per the financials filed for FY 2023, the company reported a revenue of ₹7.3 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹10.75 Lakh (net margin 1.5%) and EBITDA of ₹32.98 Lakh (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 20% over five years.

As per MCA filings, the company has open charges of ₹4.36 Cr and satisfied charges of ₹52.85 Lakh on record. Court records list 10 cases involving the company, including 10 filed by the company; 4 cases are pending.

Durocoat Paints Pvt Ltd is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0005769). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wallmaaxpaints.com.

Company details

CIN U24222KL1991PTC006036
Registration Number 006036
Incorporation Date 18 April 1991
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Wallmaax Paints Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KL-02-0005769
Key People
Joe Joseph Director Sushil Vadassery Antony Director Sudheer Kannoth Surendran Director

Recognitions & Rankings of Durocoat Paints

MSME (Udyam registered) Ministry of MSME
Category
Micro (2022-23)
Udyam number
UDYAM-KL-02-0005769

Contact details

Durocoat Paints Pvt Ltd's registered office is in Ernakulam, Kerala. Its website is wallmaaxpaints.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    wallmaaxpaints.com
  • Registered Address
    349/D Aldrit Complex, Anglo Indian School Road Vaduthala, Ernakulam, Kerala, India – 682023
  • Industry
    Manufacturing, Paint & Coatings

To see the full contact details of Durocoat Paints Pvt Ltd, buy the company report.

Comprehensive company report
Durocoat Paints Pvt Ltd - 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
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Financials of Durocoat Paints Pvt Ltd

FY 2025 filings available

Durocoat Paints Pvt Ltd reported revenue of ₹7.3 Cr (up 60% YoY) for FY 2023.

Revenue · FY 2023
₹7.3 Cr ▲ 60%
Net profit · FY 2023
₹10.75 Lakh margin 1.5%
EBITDA · FY 2023
₹32.98 Lakh margin 4.5%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 60%
3 years · compounded
▲ 20%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 90%
3 years · compounded
▲ 47%
5 years · compounded
▲ 33%

Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 60% growth in the latest year. EBITDA rose 90% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations₹7.3 Cr
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹32.98 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹10.75 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin4.5%
Net Profit Margin1.5%
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 Durocoat Paints Pvt Ltd, buy the company report.

Board of directors of Durocoat Paints Pvt Ltd

Durocoat Paints has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Joe Joseph
Also directs: Wallmaax Paints Private Limited, Wallmaax Crest Private Limited
Director24 May 201511 Years 5 MonthsCurrent
Sushil Vadassery Antony
Also directs: Wallmaax Paints Private Limited, Wallmaax Crest Private Limited
Director24 May 201511 Years 5 MonthsCurrent
Sudheer Kannoth Surendran
Also directs: Wallmaax Paints Private Limited, Wallmaax Crest Private Limited
Director24 May 201511 Years 5 MonthsCurrent
View all directors

Auditor

Durocoat Paints Pvt Ltd is audited by ZACHARIAH AND ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
ZACHARIAH AND ASSOCIATESFY 202323633

Shareholding

The shareholding of Durocoat Paints Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Durocoat Paints Pvt Ltd, buy the company report.

Charges & borrowings

Open charges
₹4.36 Cr
Satisfied charges
₹52.85 Lakh
Breakdown by lending institutions
Hdfc Bank Limited₹3.00 Cr
Canara Bank₹1.03 Cr
Others₹0.33 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
08 May 2025101094225Others₹7 LakhOpen
18 Dec 2024101072348Hdfc Bank Limited₹1.83 CrOpen
08 Oct 2024100989565Others₹26 LakhOpen
12 May 2023100748794Hdfc Bank Limited₹1.18 CrOpen
25 Mar 2022100571707Canara Bank₹22.9 LakhOpen

To see the full charge records of Durocoat Paints Pvt Ltd, buy the company report.

Total charge records: 12 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Durocoat Paints Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Durocoat Paints has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
32AAACD8269R2Z1KeralaActive01 Jul 2017

To see the full GST registrations and return filing status of Durocoat Paints Pvt Ltd, buy the company report.

Recent activity

Durocoat Paints Pvt Ltd has 6 board changes on record since 2015: 3 appointments and 3 cessations. The latest: Raju Mangalath Itty ceased to be Director on 03 Jun 2019.

AGM
Durocoat Paints Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.07 Cr with Charge ID 101094225 was registered on 08 May 2025.
Filing
Durocoat Paints Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.83 Cr with Charge ID 101072348 was registered on 18 Dec 2024.
Charges
A charge with Others amounted to Rs. 0.26 Cr with Charge ID 100989565 was registered on 08 Oct 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.18 Cr with Charge ID 100748794 was registered on 12 May 2023.
Charges
A charge with Canara Bank amounted to Rs. 0.23 Cr with Charge ID 100571707 was registered on 25 Mar 2022.
Charges
A charge with Canara Bank amounted to Rs. 0.80 Cr with Charge ID 100403498 was registered on 17 Dec 2020.
Charges
A charge registered on 10 Feb 2006 via Charge ID 10000351 with Canara Bank was fully satisfied on 17 Nov 2020.
Charges
A charge registered on 12 Jun 2004 via Charge ID 90019892 with Canara Bank was fully satisfied on 17 Nov 2020.
Charges
A charge registered on 08 Nov 2000 via Charge ID 90018008 with Canara Bank was fully satisfied on 17 Nov 2020.
Charges
A charge registered on 18 Jun 1998 via Charge ID 90017144 with Canara Bank was fully satisfied on 17 Nov 2020.

18 earlier events are in the company report.

Frequently asked questions

Durocoat Paints is an active private limited company based in Ernakulam, Kerala, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 18 April 1991 (35+ years old) and is registered under CIN U24222KL1991PTC006036.

Durocoat Paints has 3 current directors:

The latest financial statements of Durocoat Paints on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Durocoat Paints is 32AAACD8269R2Z1, registered in Kerala. 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 Durocoat Paints is U24222KL1991PTC006036. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Durocoat Paints has 10 court cases on record: 10 filed by the company. 4 are pending. Most are in the district courts.

Durocoat Paints was incorporated on 18 April 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ernakulam.

Raju Mangalath Itty ceased to be Director on 03 Jun 2019. George Mangalathu Itty ceased to be Managing Director on 25 May 2015. Itty Mangalathu Ittyavirah ceased to be Director on 25 May 2015. Durocoat Paints has 6 board changes on record in total.

Yes, Durocoat Paints is registered as a micro enterprise under Udyam registration (number: UDYAM-KL-02-0005769).

Durocoat Paints can be reached through the website wallmaaxpaints.com. Its registered office is in Ernakulam, Kerala, India.