About Esdee Paints Limited
Data last updated:
Esdee Paints Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 12 September 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24222MH1979PLC021670. Its GSTIN is 27AAACE1378A1Z3 (Maharashtra). The company holds 17 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹3.02 Cr and a paid-up capital of ₹100 Lakh. It is led by directors including Sharad Ganeshlal Dawra (Whole-Time Director) and Rahul Sharad Dawra (Whole-Time Director).
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 203 Navketan Bldg 2nd Floor Chembur, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,041.23 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹170.4 Cr (net margin 16.4%) and EBITDA of ₹244.04 Cr (EBITDA margin 23.4%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 11% over five years.
The company has about 593 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Esdee Paints. As per MCA filings, the company has open charges of ₹1.5 Lakh and satisfied charges of ₹139.54 Cr on record. Court records list 65 cases involving the company, including 44 filed by the company and 14 filed against it; 10 cases are pending. The company has 4 deals on record (4 secondary share transfers); the latest was in September 2024. Its 10 peer companies in the Manufacturing industry (Paints) are compared by revenue, 5 larger and 5 smaller; the largest is Asian Paints PPG Private Limited with revenue of ₹1,199.16 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website esdeepaints.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address203 Navketan Bldg 2nd Floor Chembur, Mumbai, Maharashtra, India – 400071
- IndustryManufacturing, Paint & Coatings
- 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 Esdee Paints Limited
The main business activity of Esdee Paints is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | 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 Esdee Paints Limited FY 2025 filings available
Esdee Paints Limited reported revenue of ₹1,041.23 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Esdee Paints Limited
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 8% 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 Esdee Paints 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 | ₹244.04 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹170.4 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 Esdee Paints Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 16.4% | •••• | •••• | •••• | •••• |
| 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 Esdee Paints 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 Esdee Paints Limited
Esdee Paints Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paints). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asian Paints PPG Private Limited | ₹1,199.16 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Modi Industries Limited | ₹1,196.75 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Uttar Pradesh, India |
| Grauer and Weil (India) Limited Listed | ₹1,180.04 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Axalta Coating Systems India Private Limited | ₹1,097.81 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Jotun India Private Limited | ₹1,078.74 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Esdee Paints Limited this company | ₹1,041.23 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Miraj Drymix Private Limited | ₹940.08 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Navi Mumbai, Maharashtra, India |
| Shalimar Paints Ltd Listed | ₹608.9 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Gurugram, Haryana, India |
| Sheenlac Paints Limited | ₹559.52 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Chennai, Tamil Nadu, India |
| Shakti Apifoods Private Limited | ₹490.45 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Malerkotla, Punjab, India |
| KCC Paint (India) Private Limited | ₹483.94 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Kancheepuram, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Esdee Paints by revenue in the Manufacturing industry (Paints), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Esdee Paints Limited
Esdee Paints Limited is audited by K.F. JETSEY & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K.F. JETSEY & CO. | 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 Esdee Paints Limited
Esdee Paints has 7 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sharad Ganeshlal Dawra | Whole-Time Director | 12 Sep 1979 | 47 Years 1 Months | Current |
| Rahul Sharad Dawra | Whole-Time Director | 06 Mar 2009 | 17 Years 7 Months | Current |
| Swarnalatha Mahavir Dawra | Director | 01 Apr 2015 | 11 Years 6 Months | Current |
| Anurag Gothi | Director | 16 Mar 2019 | 7 Years 7 Months | Current |
| Rakesh Jain | Director | 18 Nov 2019 | 6 Years 10 Months | Current |
| Shekhar Ganeshlal Dawra | Whole-Time Director | 05 Aug 2024 | 2 Years 2 Months | Current |
Ownership and Shareholding of Esdee Paints 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 Esdee Paints Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Nov 2006 | Bank of India | ₹1.5 Lakh | Open |
| 21 Jan 2016 | Bank of India | ₹10.15 Cr | Satisfied |
| 21 Oct 2014 | Bank of India | ₹4 Cr | Satisfied |
| 06 Apr 2010 | Bank of India | ₹5.25 Cr | Satisfied |
| 27 Jul 2006 | Bank of India | ₹38.97 Cr | Satisfied |
Total charge records: 9 View all charges
Deals & Funding of Esdee Paints Limited
Esdee Paints Limited has 4 deals on record (4 secondary share transfers); the latest was in September 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: M.G Dawra HUF, an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Ganesh Chemicals Private Limited, an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Esdee Paints Limited
Esdee Paints Limited has 65 court cases on record: 44 filed by Esdee Paints, 14 filed against it, 7 where it is another party. 10 cases are pending and 55 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 55 | 11 | 9 |
| High courts | 10 | 3 | 1 |
Cases on record (5 of 65)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against National Insurance Company Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against National Insurance Company Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Dooars Transport Ltd. | Disposed |
| Bombay High Court | Interim or miscellaneous application | Company is another party | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
Full case history
All 65 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Esdee Paints Limited
Esdee Paints operates one associated brand: Esdee Paints. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures paints for automotive, decorative, industrial, and construction applications in India. | esdeepaints.com |
Employees and EPFO Compliance at Esdee Paints Limited
Esdee Paints Limited has a workforce of 593 employees as of Sep 10, 2024.
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 Esdee Paints Limited
Esdee Paints Limited has 15 board changes on record since 1979: 11 appointments and 4 cessations. The latest: Shekhar Ganeshlal Dawra was appointed as Whole-Time Director on 05 Aug 2024.
28 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Esdee Paints 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 Esdee Paints 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 Esdee Paints 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 Esdee Paints Limited
Esdee Paints has 17 GST registrations: 15 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE1378A1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 06AAACE1378A1Z7 | Haryana | Active | 01 Jul 2017 |
| 21AAACE1378A1ZF | Odisha | Active | 01 Jul 2017 |
| 22AAACE1378A1ZD | Chattisgarh | 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 Esdee Paints 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 Esdee Paints Limited
Esdee Paints is an active public limited company based in Mumbai, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 12 September 1979 (47+ years old) and is registered under CIN U24222MH1979PLC021670.
Esdee Paints reported revenue of ₹1,041.23 Cr for FY 2025 (down 1% YoY).
Esdee Paints has 7 current directors:
- Sharad Ganeshlal Dawra - Whole-Time Director
- Rahul Sharad Dawra - Whole-Time Director
- Shekhar Ganeshlal Dawra - Whole-Time Director
- Reshuk Mahavir Dawra - Whole-Time Director
- Swarnalatha Mahavir Dawra - Director
- Anurag Gothi - Director
- Rakesh Jain - Director
Esdee Paints reported a net profit of ₹170.4 Cr (net margin 16.4%) and EBITDA of ₹244.04 Cr (EBITDA margin 23.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Esdee Paints is 7% over three years and 11% over five years. In the latest year (FY 2025) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Esdee Paints is 27AAACE1378A1Z3, registered in Maharashtra. The company has 17 GST registrations in all, of which 15 are active and 2 are cancelled or inactive. Other active GSTINs include 06AAACE1378A1Z7 (Haryana), 21AAACE1378A1ZF (Odisha), 22AAACE1378A1ZD (Chattisgarh).
The CIN (Corporate Identification Number) of Esdee Paints is U24222MH1979PLC021670. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Esdee Paints has 65 court cases on record: 44 filed by the company and 14 filed against it. 10 are pending. Most are in the district courts.
Esdee Paints was incorporated on 12 September 1979, making it 47+ years old. It is registered with the Registrar of Companies, Mumbai.
Esdee Paints has 4 deals on record (4 secondary share transfers); the latest was in September 2024.
The peers of Esdee Paints by revenue are Asian Paints PPG Private Limited, Modi Industries Limited, Grauer and Weil (India) Limited, Axalta Coating Systems India Private Limited, Jotun India Private Limited and 5 more, all in the Manufacturing industry (Paints).