MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-05-0009793
Dynamic Ship Recyclers Private Limited
Dynamic Ship Recyclers Private Limited - metals and minerals in Bhavnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹40.45 Cr
▲ 2347% YoY
Net profit · FY 2024
₹40.91 Lakh
Net margin 1%
EBITDA · FY 2024
₹96.2 Lakh
EBITDA margin 2.4%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹60 Cr
Satisfied ₹80.58 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
17
Provident fund records
About Dynamic Ship Recyclers Private Limited
Data last updated:
Dynamic Ship Recyclers Private Limited is a private limited company based in Bhavnagar, Gujarat, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 25 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28113GJ1995PTC024343. Its GSTIN is 24AABCD6441J1ZS (Gujarat).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Dynamic Air Products Private Limited and Dynamic Air Products Pvt Ltd. It is led by directors Sohilbhai Rafikbhai Hamidani and Mahmadhanif Ahmadbhai Hamidani.
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 T – 1 Krishna Complex Waghawadi Road, Bhavnagar, Gujarat, India – 364002.
As per the financials filed for FY 2024, the company reported a revenue of ₹40.45 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹40.91 Lakh (net margin 1%) and EBITDA of ₹96.2 Lakh (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 12% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹60 Cr and satisfied charges of ₹80.58 Cr on record. Court records list 10 cases involving the company, including 10 filed against it. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2018.
Dynamic Ship Recyclers Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0009793). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U28113GJ1995PTC024343
Registration Number 024343
Incorporation Date 25 January 1995
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-05-0009793
Name history
Dynamic Ship Recyclers has undergone 2 name changes throughout its history. The company was previously known as Dynamic Air Products Private Limited, and Dynamic Air Products Pvt Ltd. The current legal name is Dynamic Ship Recyclers Private Limited.
| Company Name | Status |
|---|---|
| Dynamic Ship Recyclers Private Limited | Current |
| Dynamic Air Products Private Limited | Previous |
| Dynamic Air Products Pvt Ltd | Previous |
Recognitions & Rankings of Dynamic Ship Recyclers
Contact details
Dynamic Ship Recyclers Private Limited's registered office is in Bhavnagar, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressT – 1 Krishna Complex Waghawadi Road, Bhavnagar, Gujarat, India – 364002
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Dynamic Ship Recyclers Private Limited, buy the company report.
Comprehensive company report
Dynamic Ship Recyclers Private 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
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Business activity
The main business activity of Dynamic Ship Recyclers is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Dynamic Ship Recyclers Private Limited, buy the company report.
Financials of Dynamic Ship Recyclers Private Limited
FY 2025 filings availableDynamic Ship Recyclers Private Limited reported revenue of ₹40.45 Cr (up 2347% YoY) for FY 2024.
Revenue · FY 2024
₹40.45 Cr ▲ 2347%
Net profit · FY 2024
₹40.91 Lakh margin 1%
EBITDA · FY 2024
₹96.2 Lakh margin 2.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 17%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 3%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years. EBITDA rose 42% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹96.2 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹40.91 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Dynamic Ship Recyclers Private Limited, buy the company report.
Board of directors of Dynamic Ship Recyclers Private Limited
Dynamic Ship Recyclers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sohilbhai Rafikbhai Hamidani | Director | 06 Mar 2018 | 8 Years 7 Months | Current |
| Mahmadhanif Ahmadbhai Hamidani | Director | 06 Mar 2018 | 8 Years 7 Months | Current |
Auditor
Dynamic Ship Recyclers Private Limited is audited by B R POPAT & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B R POPAT & CO | FY 2021 | 107972W |
Shareholding
The shareholding of Dynamic Ship Recyclers Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dynamic Ship Recyclers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹60 Cr
Satisfied charges
₹80.58 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2022 | 100593954 | Hdfc Bank Limited | ₹60 Cr | Open | |
| 02 Apr 2019 | 100257311 | Others | ₹37.14 Cr | Satisfied | |
| 06 Apr 2009 | 10154386 | State Bank of India | ₹38.44 Cr | Satisfied | |
| 17 May 2003 | 80047407 | Indian Overseas Bank | ₹5 Cr | Satisfied |
To see the full charge records of Dynamic Ship Recyclers Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Dynamic Ship Recyclers Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2018.
Total deals
4
Secondary share transfers
3
Funding round
1
Disclosed funding
₹2 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Mukeshbabu Financial Services Limited, 3 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Chetan Manmohanbhai Tamboli Huf Seller: Ankur Air Products Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Chetan Manmohanbhai Tamboli Huf, 3 individuals Seller: Mukeshbabu Financial Services Limited, Ankur Air Products Private Limited, Tamboli Investment Private Limited, an individual |
| Mar 2009 | Funding round | ₹2 Cr | Investors: Ankur Air Products Private Limited, Tamboli Investment Private Limited, Chetan Manmohanbhai Tamboli Huf, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dynamic Ship Recyclers Private Limited has 10 court cases on record: 10 filed against it. All cases are disposed.
Total cases
10
Filed against the company
10
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 10 | 0 |
Cases on record (4 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by The Commissioner, Customs (Preventive) | Disposed |
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by The Commissioner ,Customs (Preventive) | Disposed |
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by The Commissioner ,Customs (Preventive) Seema Shulk Bhavan | Disposed |
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by The Commissioner , Customs (Preventive) | Disposed |
To see the full case history of Dynamic Ship Recyclers 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.
Credit ratings & regulatory alerts
Dynamic Ship Recyclers Private Limited was last rated by Brickwork on 02 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 02 Dec 2021 |
To see the full credit ratings and regulatory alerts of Dynamic Ship Recyclers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dynamic Ship Recyclers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dynamic Ship Recyclers Private Limited has a workforce of 17 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
466.67%
GST
Dynamic Ship Recyclers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCD6441J1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dynamic Ship Recyclers Private Limited, buy the company report.
Recent activity
Dynamic Ship Recyclers Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Mahmadhanif Ahmadbhai Hamidani ceased to be Additional Director on 29 Sep 2018.
AGM
Dynamic Ship Recyclers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Dynamic Ship Recyclers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 60.00 Cr with Charge ID 100593954 was registered on 28 Jun 2022.
Charges
A charge registered on 02 Apr 2019 via Charge ID 100257311 with Others was fully satisfied on 15 Jun 2022.
Charges
A charge with Others amounted to Rs. 37.14 Cr with Charge ID 100257311 was registered on 02 Apr 2019.
Ceased
Mahmadhanif Ahmadbhai Hamidani ceased to be Additional Director.
Ceased
Sohilbhai Rafikbhai Hamidani ceased to be Additional Director.
Ceased
Nirav Dilipbhai Shah ceased to be Director.
Ceased
Rajen Nagindas Shah ceased to be Director.
Appointed
Mahmadhanif Ahmadbhai Hamidani was appointed as Director.
Appointed
Sohilbhai Rafikbhai Hamidani was appointed as Director.
Charges
A charge registered on 06 Apr 2009 via Charge ID 10154386 with State Bank Of India was fully satisfied on 04 Oct 2016.
6 earlier events are in the company report.
Frequently asked questions
Dynamic Ship Recyclers is an active private limited company based in Bhavnagar, Gujarat, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 25 January 1995 (31+ years old) and is registered under CIN U28113GJ1995PTC024343.
Dynamic Ship Recyclers has 2 current directors:
- Sohilbhai Rafikbhai Hamidani - Director
- Mahmadhanif Ahmadbhai Hamidani - Director
The latest financial statements of Dynamic Ship Recyclers 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 Dynamic Ship Recyclers is 24AABCD6441J1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Dynamic Ship Recyclers is U28113GJ1995PTC024343. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dynamic Ship Recyclers has 10 court cases on record: 10 filed against it.
Dynamic Ship Recyclers was incorporated on 25 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dynamic Ship Recyclers has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2018.
Mahmadhanif Ahmadbhai Hamidani ceased to be Additional Director on 29 Sep 2018. Sohilbhai Rafikbhai Hamidani ceased to be Additional Director on 29 Sep 2018. Nirav Dilipbhai Shah ceased to be Director on 08 Mar 2018. Dynamic Ship Recyclers has 6 board changes on record in total.
Yes, Dynamic Ship Recyclers is registered as an MSME under Udyam registration (number: UDYAM-GJ-05-0009793).