Essen Speciality Films Limited

NSE: ESFL
Essen Speciality Films Limited - plastics in Lodhika, Gujarat, India. FY 2026 financials & compliance.
CIN L24224GJ2002PLC041119 Incorporated 14 August 2002 ROC Ahmedabad HQ Lodhika, Gujarat, India
Active Listed - NSE: ESFL Public Limited Company plastics MSME · Medium
Data last updated
Market Cap
₹254 Cr
ESFL-SM · NSE
Share Price
₹105.40
+3.08% today
Revenue
₹119 Cr
FY 2022-23 · +1.0% YoY
EBITDA
₹18.81 Cr
Margin 15.9%
Net Profit
₹12.89 Cr
FY 2022-23 · +151.3% YoY
P/E (TTM)
25.9x
P/B 2.5x
ROE
16.9%
ROCE 17.8%
Debt / Equity
0.21
Interest cover 17.4x

About Essen Speciality Films Limited

Data last updated:

Essen Speciality Films Limited is a public limited company based in Lodhika, Gujarat, India. It operates in the non-metallic mineral products segment of the plastics and polymers sector. It was incorporated on 14 August 2002 and has been in existence for over 24 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L24224GJ2002PLC041119. Its GSTIN is 24AABCE2983N1ZC (Gujarat). The company holds 5 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on NSE: ESFL.

The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹24.84 Cr. It was formerly known as Essen Speciality Films Private Limited. It is led by directors including Pallav Kishorbhai Doshi (Whole-Time Director) and Kruti Rajeshbhai Doshi.

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Lodhika, Gujarat.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹163.05 Cr, a decline of 5.8% compared to the previous year. For the same year it recorded a net loss of ₹4.05 Cr (net margin -2.5%) and EBITDA of ₹46 Lakh (EBITDA margin 0.3%). The net worth stands at ₹146.56 Cr (down 4.3% YoY). Total assets are valued at ₹193.32 Cr (up 13.3% YoY).

The company has about 756 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Essen Speciality. As per MCA filings, the company has open charges of ₹73.38 Cr and satisfied charges of ₹18.68 Cr on record. The company has 10 deals on record (8 secondary share transfers, 1 rights issue, 1 ipo); the latest was in July 2023.

Essen Speciality Films Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0007705). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website essenspeciality.com.

Company details

CIN L24224GJ2002PLC041119
Registration Number 041119
Incorporation Date 14 August 2002
ROC Ahmedabad
Listing Status Listed (NSE: ESFL)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-20-0007705

CIN history

Essen Speciality Films has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24224GJ2002PLC041119, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24224GJ2002PLC041119Current
U24224GJ2002PTC041119Previous
U24224GJ2002PLC041119Previous
Key People
Pallav Kishorbhai Doshi Whole-Time Director Kruti Rajeshbhai Doshi Director Karishma Doshi Director

Recognitions & Rankings of Essen Speciality Films

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-20-0007705

Contact details

Essen Speciality Films Limited's registered office is in Lodhika, Gujarat.

  • Social Media
  • Registered Address
    Survey No. 192 Plot No. A, Industrial Area Behind Orchev Pharma, Lodhika, Gujarat, India – 360024
  • Industry
    Plastics, Non-Metallic Mineral Products, Fabricated Metal Products, Plastic Products, Rubber Products
Comprehensive company report
Essen Speciality Films 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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Brands

Essen Speciality Films operates one associated brand: Essen Speciality. Each brand links to its own profile.

BrandDescriptionWebsite
Essen Speciality
Home decor, kitchen, dining, and bath products are wholesaled.essenspeciality.com

Business activity

The main business activity of Essen Speciality Films is manufacturing. In detail, this covers manufacture of rubber and plastics products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing22Manufacture of rubber and plastics products

To see the full business activity and turnover split of Essen Speciality Films Limited, buy the company report.

Financials of Essen Speciality Films Limited

FY 2025-26 filings available

Essen Speciality Films Limited reported revenue of ₹163.05 Cr (down 5.8% YoY) for FY 2025-26.

Financial Highlights

FY 2022-23 · Consolidated
Revenue
₹119 Cr
+1.0% YoY
EBITDA
₹18.81 Cr
+50.1% YoY
Profit After Tax
₹12.89 Cr
+151.3% YoY
Net Worth
₹85.62 Cr
+18.5% YoY
Total Assets
₹92.19 Cr
-6.0% YoY
Total Debt
₹6.57 Cr
-74.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue11911795.78
Revenue growth+1.0%+22.6%-
EBITDA18.8112.5318.59
EBITDA margin+15.9%+10.7%+19.4%
Profit before tax14.326.8812.36
Net profit12.895.139.13
Net profit margin+10.9%+4.4%+9.5%
EPS (₹)8.363.2391.37
Balance sheet
Total assets92.1998.0882.49
Net worth85.6272.2567.08
Total debt6.5725.8315.41
Cash & bank5.354.0610.57
Net working capital49.2857.0245.18
Cash flow
Cash from operations25.27(6.90)8.52
Cash from investing(3.09)(2.68)(15.90)
Cash from financing(21.87)7.577.97
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue16317314311911795.7072.88
Revenue growth-5.8%+21.3%+20.3%+1.0%+22.7%+31.3%-
EBITDA0.4621.0723.9418.8112.5318.4814.50
EBITDA margin+0.3%+12.2%+16.8%+15.9%+10.7%+19.3%+19.9%
Profit before tax(4.28)16.0218.8114.326.8812.6610.87
Net profit(4.05)11.6814.5412.895.139.497.97
Net profit margin-2.5%+6.8%+10.2%+10.9%+4.4%+9.9%+10.9%
EPS (₹)(1.63)4.716.888.363.2394.8479.54
Balance sheet
Total assets19317114392.1998.0884.4064.37
Net worth14715314385.6272.2568.8959.94
Total debt46.7617.460.006.5725.8315.414.43
Cash & bank15.2825.2938.005.354.0610.572.39
Net working capital11512310049.2857.0244.9527.87
Cash flow
Cash from operations0.52(18.51)(2.87)25.27(6.90)14.577.31
Cash from investing(25.36)0.21(28.19)(3.09)(2.68)(22.83)(1.56)
Cash from financing24.8213.8335.24(21.87)7.578.07(5.92)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue28.9131.6532.1241.4248.3541.1644.7147.44
Revenue growth (YoY)-40.2%-23.1%-28.2%-12.7%+4.4%+19.1%--
Other income0.050.611.200.320.010.630.720.65
Total expenses28.3231.0743.5143.2138.9137.6448.9635.02
EBITDA0.590.58(11.39)(1.79)9.443.52(4.25)12.42
EBITDA margin+2.0%+1.8%-35.5%-4.3%+19.5%+8.6%-9.5%+26.2%
Depreciation0.970.96(0.48)1.591.571.541.531.45
Interest0.510.590.660.700.310.330.521.34
Profit before tax(0.84)(0.36)(10.37)(3.76)7.572.28(5.58)10.28
Tax(0.57)(0.72)(1.56)(1.56)2.390.50(1.04)2.81

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
ParticularsFY 2022-23FY 2021-22FY 2020-21
Revenue11911795.78
Revenue growth+1.0%+22.6%-
Other income1.871.141.03
Total expenses99.8010577.19
Employee cost11.9112.248.98
EBITDA18.8112.5318.59
EBITDA margin+15.9%+10.7%+19.4%
Depreciation3.743.956.25
Interest2.622.841.01
Profit before tax14.326.8812.36
Tax0.951.703.22
Net profit12.895.139.13
Net profit margin+10.9%+4.4%+9.5%
EPS (₹)8.363.2391.37
ParticularsFY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital16.0016.001.00
Reserves & surplus69.6256.2566.08
Shareholders' funds (net worth)85.6272.2567.08
Minority interest0.000.000.00
Secured loans6.5725.8315.41
Unsecured loans0.000.000.00
Total debt6.5725.8315.41
Total liabilities92.1998.0882.49
Assets
Gross block79.4277.3069.94
Net block43.4744.3940.91
Capital work in progress0.410.220.00
Investments0.030.030.03
Inventories30.1332.1216.06
Sundry debtors16.9014.4014.24
Cash & bank balances5.354.0610.57
Loans & advances12.2422.2021.38
Total current assets64.6272.7862.25
Total current liabilities15.3415.7617.07
Net working capital49.2857.0245.18
Total assets92.1998.0882.49
ParticularsFY 2022-23FY 2021-22FY 2020-21
Opening cash0.192.201.60
Net cash from operating activities25.27(6.90)8.52
Net cash from investing activities(3.09)(2.68)(15.90)
Net cash from financing activities(21.87)7.577.97
Net change in cash0.31(2.01)0.60
Closing cash5.354.0610.57
ParticularsFY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+1.0%+22.6%-
EBITDA growth+50.1%-32.6%-
PBT growth+108.1%-44.3%+9997.0%
Net income growth+151.3%-43.8%-
Profitability & leverage
Net income margin+11.3%+4.4%+9.5%
Return on capital employed+17.8%+10.8%+16.2%
Return on net worth+16.9%+7.4%+13.6%
Debt / equity0.210.300.23
Long-term debt / equity0.040.030.00
Interest cover17.3933.108.18
Efficiency & per share
Fixed asset turnover1.511.601.37
Inventory turnover3.814.885.96
Debtors turnover7.588.206.73
EPS (₹)8.363.2391.37
Dividend per share (₹)0.000.0020.00
Book value per share (₹)53.5145.15670.78
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue28.9131.6532.1241.4248.3541.1644.7147.44
Revenue growth (YoY)-40.2%-23.1%-28.2%-12.7%+4.4%+19.1%--
Other income0.050.611.200.320.010.630.720.65
Total expenses28.3231.0743.5143.2138.9137.6448.9635.02
EBITDA0.590.58(11.39)(1.79)9.443.52(4.25)12.42
EBITDA margin+2.0%+1.8%-35.5%-4.3%+19.5%+8.6%-9.5%+26.2%
Depreciation0.970.96(0.48)1.591.571.541.531.45
Interest0.510.590.660.700.310.330.521.34
Profit before tax(0.84)(0.36)(10.37)(3.76)7.572.28(5.58)10.28
Tax(0.57)(0.72)(1.56)(1.56)2.390.50(1.04)2.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue16317314311911795.7072.88
Revenue growth-5.8%+21.3%+20.3%+1.0%+22.7%+31.3%-
Other income1.482.761.991.871.141.330.59
Total expenses16315211999.8010577.2258.38
Employee cost0.0023.3215.6211.9112.249.158.08
EBITDA0.4621.0723.9418.8112.5318.4814.50
EBITDA margin+0.3%+12.2%+16.8%+15.9%+10.7%+19.3%+19.9%
Depreciation4.225.735.433.743.956.253.49
Interest2.002.081.692.622.840.900.73
Profit before tax(4.28)16.0218.8114.326.8812.6610.87
Tax(0.23)4.304.560.951.703.172.91
Net profit(4.05)11.6814.5412.895.139.497.97
Net profit margin-2.5%+6.8%+10.2%+10.9%+4.4%+9.9%+10.9%
EPS (₹)(1.63)4.716.888.363.2394.8479.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital24.8424.8420.7016.0016.001.001.00
Reserves & surplus12212812269.6256.2567.8958.94
Shareholders' funds (net worth)14715314385.6272.2568.8959.94
Secured loans46.7617.460.006.5725.8315.414.43
Unsecured loans0.000.000.000.000.000.000.00
Total debt46.7617.460.006.5725.8315.414.43
Total liabilities19317114392.1998.0884.4064.37
Assets
Gross block90.0386.1478.0079.4277.3069.9463.68
Net block44.0844.3541.3743.4744.3940.9140.90
Capital work in progress32.640.130.460.410.220.000.00
Investments2.062.440.530.030.030.360.03
Inventories88.9874.0939.7730.1332.1216.068.92
Sundry debtors11.5323.7819.2616.9014.4013.937.66
Cash & bank balances15.2825.2938.005.354.0610.572.39
Loans & advances11.2220.0711.0112.2422.2025.8114.51
Total current assets12714310864.6272.7866.3733.48
Total current liabilities12.2920.087.9115.3415.7621.425.61
Net working capital11512310049.2857.0244.9527.87
Total assets19317114392.1998.0884.4064.37
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.214.680.500.192.202.392.56
Net cash from operating activities0.52(18.51)(2.87)25.27(6.90)14.577.31
Net cash from investing activities(25.36)0.21(28.19)(3.09)(2.68)(22.83)(1.56)
Net cash from financing activities24.8213.8335.24(21.87)7.578.07(5.92)
Net change in cash(0.03)(4.47)4.170.31(2.01)(0.19)(0.17)
Closing cash15.2825.2938.005.354.0610.572.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-5.8%+21.3%+20.3%+1.0%+22.7%+31.3%-
EBITDA growth-97.8%-12.0%+27.3%+50.1%-32.2%+27.5%-
PBT growth--15.6%+31.4%+108.1%-45.7%+16.5%+9997.0%
Net income growth-134.7%-19.7%+12.8%+151.3%-45.9%+19.1%-
Revenue CAGR (3Y)+11.2%+13.8%+14.2%+17.6%---
EBITDA CAGR (3Y)-71.0%+18.6%+9.0%+9.1%---
Profitability & leverage
Net income margin-2.5%+6.7%+10.0%+11.3%+4.4%+9.9%+10.9%
Return on capital employed-1.3%+11.4%+17.4%+17.8%+10.6%+18.2%+18.0%
Return on net worth-2.7%+7.8%+12.5%+16.9%+7.3%+14.7%+13.3%
Debt / equity0.210.060.030.210.290.150.07
Long-term debt / equity0.060.000.010.040.030.000.00
Interest cover-53.1913.739.1317.3933.107.366.63
Efficiency & per share
Fixed asset turnover1.852.111.811.511.601.431.14
Inventory turnover2.003.044.083.814.887.668.17
Debtors turnover9.248.047.897.588.298.879.51
EPS (₹)(1.63)4.656.888.363.2394.8479.54
Dividend per share (₹)0.001.000.750.000.0020.0025.00
Book value per share (₹)59.0061.6569.1353.5145.15688.85599.40

To see the full year-wise statements and ratios of Essen Speciality Films Limited, buy the company report.

Board of directors of Essen Speciality Films Limited

Essen Speciality Films has 8 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kruti Rajeshbhai Doshi
Also directs: Shrutina Nexgen LLP
Director31 Aug 20260 Years 2 MonthsCurrent
Pallav Kishorbhai Doshi
Also directs: Essen Speciality Disposables LLP, Rajoo Innovation Centre LLP, Shrutina Nexgen LLP and 2 more
Whole-Time Director01 Jan 20233 Years 10 MonthsCurrent
Karishma Doshi
Also directs: Shrutina Nexgen LLP, Think Yellow Private Limited
Director21 Feb 20233 Years 8 MonthsCurrent
Kirit Ratanashi VachhaniDirector01 Jan 20233 Years 10 MonthsCurrent
Utkarsh Rajeshbhai Doshi
Also directs: Essen Speciality Disposables LLP, Rajoo Innovation Centre LLP, Shrutina Nexgen LLP and 1 more
Director28 Nov 20241 Years 11 MonthsCurrent
Clayton Roy ThompsonDirector29 Nov 20241 Years 11 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Charges & borrowings

Open charges
₹73.38 Cr
Satisfied charges
₹18.68 Cr
Breakdown by lending institutions
Others₹61.45 Cr
Axis Bank Limited₹11.93 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Jun 2026101351242Others₹2.45 CrOpen
13 Mar 2026101268607Others₹40 CrOpen
29 Jul 2023100769791Others₹19 CrOpen
24 Feb 201110272368Axis Bank Limited₹11.93 CrOpen
10 Oct 2022100622705Standard Chartered Bank₹10 CrSatisfied

To see the full charge records of Essen Speciality Films Limited, buy the company report.

Total charge records: 8 View all charges

Deals & funding

Essen Speciality Films Limited has 10 deals on record (8 secondary share transfers, 1 rights issue, 1 ipo); the latest was in July 2023.

Total deals
10
Secondary share transfers
8
Rights issue
1
IPO
1

Deals on record (5 of 10)

WhenDealAmountParties
Jul 2023IPO₹66.33 CrInvestors: IPO Shareholders - Essen Speciality Films Limited, VPK Global Ventures Fund- VPK Global Ventures Fund- Scheme I, Rajasthan Global Securities Private Limited
Seller: 4 individuals
May 2022Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Dec 2021Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Oct 2021Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
May 2014Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 3 individuals

To see the full deal history of Essen Speciality Films Limited, buy the company report.

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

Credit ratings & regulatory alerts

Essen Speciality Films Limited was last rated by Icra on 24 Dec 2021.

Rating agencyRated onRating
Icra24 Dec 2021

To see the full credit ratings and regulatory alerts of Essen Speciality Films Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Essen Speciality Films Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Essen Speciality Films has 5 GST registrations: 1 active and 4 cancelled or inactive.

Total GSTINs
5
Active
1
Cancelled / inactive
4
GSTINStateStatusRegistered on
24AABCE2983N1ZCGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Essen Speciality Films Limited, buy the company report.

Recent activity

Essen Speciality Films Limited has 13 board changes on record since 2022: 10 appointments and 3 cessations. The latest: Hetal Bhavesh Dobariya was appointed as Director on 01 Sep 2026.

Charges
A charge with Axis Bank Limited of Rs. 11.93 Cr registered on 24 Feb 2011 with Charge ID 10272368 was modified on 19 Sep 2026.
Charges
A charge with Others of Rs. 2.45 Cr registered on 29 Jun 2026 with Charge ID 101351242 was modified on 08 Sep 2026.
Appointed
Hetal Bhavesh Dobariya was appointed as Director.
Appointed
Jinal Hasmukhbhai Rupani was appointed as Director.
Appointed
Kruti Rajeshbhai Doshi was appointed as Director.
Charges
A charge with Others amounted to Rs. 2.45 Cr with Charge ID 101351242 was registered on 29 Jun 2026.
Charges
A charge with Others of Rs. 40.00 Cr registered on 13 Mar 2026 with Charge ID 101268607 was modified on 10 Apr 2026.
Filing
Essen Speciality Films Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 101268607 was registered on 13 Mar 2026.
AGM
Essen Speciality Films Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Ceased
Clayton Roy Thompson ceased to be Additional Director.
Appointed
Clayton Roy Thompson was appointed as Director.

22 earlier events are in the company report.

News

Frequently asked questions

Essen Speciality Films is an active public limited company based in Lodhika, Gujarat, India. The company works in non-metallic mineral products, within the plastics industry. It was incorporated on 14 August 2002 (24+ years old) and is registered under CIN L24224GJ2002PLC041119. Listed on NSE: ESFL.

Essen Speciality Films reported revenue of ₹163.05 Cr for FY 2025-26 (down 5.8% YoY) based on standalone financials.

Essen Speciality Films has 8 current directors:

The latest financial statements of Essen Speciality Films on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Essen Speciality Films is 24AABCE2983N1ZC, registered in Gujarat. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.

The CIN (Corporate Identification Number) of Essen Speciality Films is L24224GJ2002PLC041119. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Essen Speciality Films is a listed company as per MCA records. Its shares are listed on NSE (symbol: ESFL).

Essen Speciality Films was incorporated on 14 August 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Essen Speciality Films has 10 deals on record (8 secondary share transfers, 1 rights issue, 1 ipo); the latest was in July 2023.

Hetal Bhavesh Dobariya was appointed as Director on 01 Sep 2026. Jinal Hasmukhbhai Rupani was appointed as Director on 01 Sep 2026. Kruti Rajeshbhai Doshi was appointed as Director on 31 Aug 2026. Essen Speciality Films has 13 board changes on record in total.