MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-32-0002414
Excel Ceramic Private Limited - manufacturing in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹46.02 Cr
▼ 7% YoY
Net profit · FY 2025
₹73.92 Lakh
Net margin 1.6%
EBITDA · FY 2025
₹3.69 Cr
EBITDA margin 8%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.85 Cr
Issued & subscribed
Open charges
₹18.99 Cr
Satisfied ₹39.23 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
15
Provident fund records
About Excel Ceramic Private Limited
Data last updated:
Excel Ceramic Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 03 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26920GJ2000PTC037475. Its GSTIN is 24AAACE6823G1ZX (Gujarat).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.85 Cr. It is led by directors including Sureshkumar Jethalal Bhalodia and Jethalal Ravjibhai Bhalodia.
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 8 – A National Highway P.O. Makansar Tal: Morbi Dist: Morbi, Rajkot, Gujarat, India – 363642.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.02 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹73.92 Lakh (net margin 1.6%) and EBITDA of ₹3.69 Cr (EBITDA margin 8%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 2% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Excel Ceramic. As per MCA filings, the company has open charges of ₹18.99 Cr and satisfied charges of ₹39.23 Cr on record. Court records list 27 cases involving the company, including 25 filed by the company and 1 filed against it; 12 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹6.15 Cr; the latest was in December 2023. Its 10 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles) are compared by revenue, 5 larger and 5 smaller; the largest is Superflo Pvt Ltd with revenue of ₹46.89 Cr.
Excel Ceramic Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0002414). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website excelceramic.com.
Company Details of Excel Ceramic Private Limited
CIN U26920GJ2000PTC037475
Registration Number 037475
Incorporation Date 03 March 2000
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 Medium
Udyam Registration UDYAM-GJ-32-0002414
Key People
Sureshkumar Jethalal Bhalodia Director Jethalal Ravjibhai Bhalodia Director Ashokkumar Jethalal Patel Director Recognitions & Rankings of Excel Ceramic
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address8 – A National Highway P.O. Makansar Tal: Morbi Dist: Morbi, Rajkot, Gujarat, India – 363642
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
Comprehensive company report
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Associated Brands with Excel Ceramic Private Limited
Excel Ceramic operates one associated brand: Excel Ceramic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of ceramic tiles and sanitaryware. | excelceramic.com |
Business Activity of Excel Ceramic Private Limited
The main business activity of Excel Ceramic is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
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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 Excel Ceramic Private Limited FY 2025 filings available
Excel Ceramic Private Limited reported revenue of ₹46.02 Cr (down 7% YoY) for FY 2025.
Revenue · FY 2025
₹46.02 Cr ▼ 7%
Net profit · FY 2025
₹73.92 Lakh margin 1.6%
EBITDA · FY 2025
₹3.69 Cr margin 8%
Compounded Annual Growth Rate (CAGR) of Excel Ceramic Private Limited
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 5%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 31%
5 years · compounded
▲ 3%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 7% fall in the latest year. EBITDA fell 7% 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 Excel Ceramic Private 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 | ₹3.69 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹73.92 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 of Excel Ceramic Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Excel Ceramic are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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Verified entity values are shown only after access is granted.
Board of Directors of Excel Ceramic Private Limited
Excel Ceramic has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sureshkumar Jethalal Bhalodia | Director | 03 Mar 2000 | 26 Years 7 Months | Current |
| Jethalal Ravjibhai Bhalodia | Director | 03 Mar 2000 | 26 Years 7 Months | Current |
| Ashokkumar Jethalal Patel | Director | 03 Mar 2000 | 26 Years 7 Months | Current |
Peer Comparison of Excel Ceramic Private Limited
Excel Ceramic Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Superflo Pvt Ltd | ₹46.89 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Hyderabad, Telangana, India |
| Sidh Granites Pvt Ltd | ₹46.89 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Sunfame Ceramic Private Limited | ₹46.11 Cr (FY 2025) | •••• | •••• | 153.0% | •••• | Rangpar, Gujarat, India |
| Hind Granites Private Limited | ₹46.07 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Hyderabad, Telangana, India |
| Aspino Ceramics Private Limited | ₹46.06 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kadi, Gujarat, India |
| Excel Ceramic Private Limited this company | ₹46.02 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Rajkot, Gujarat, India |
| Ranakpur Marbles Private Limited | ₹45.91 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Chittorgarh, Rajasthan, India |
| Tenax Pidilite India Private Limited | ₹45.81 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| VMS Bath and Kitchen India Private Limited | ₹45.26 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Alwar, Rajasthan, India |
| Kevin Ceramic Private Limited | ₹45.25 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Wankaner, Gujarat, India |
| Rextron Ceramics Private Limited | ₹45.24 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Morbi, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Excel Ceramic by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), 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 Excel Ceramic Private Limited
Excel Ceramic Private Limited is audited by Santoki Delvadia & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Santoki Delvadia & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Excel Ceramic Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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- Historical changes
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Verified entity values are shown only after access is granted.
Charges & Borrowings of Excel Ceramic Private Limited
Open charges
₹18.99 Cr
Satisfied charges
₹39.23 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Aug 2024 | Axis Bank Limited | ₹75 Lakh | Open |
| 25 Jan 2022 | Axis Bank Limited | ₹1.56 Cr | Open |
| 02 Feb 2021 | Axis Bank Limited | ₹1.5 Cr | Open |
| 02 Feb 2021 | Axis Bank Limited | ₹6.57 Cr | Open |
| 14 Jul 2020 | Axis Bank Limited | ₹61 Lakh | Open |
Total charge records: 16 View all charges
Deals & Funding of Excel Ceramic Private Limited
Excel Ceramic Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹6.15 Cr; the latest was in December 2023.
Total deals
5
Secondary share transfers
4
Funding round
1
Disclosed funding
₹6.15 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Nov 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: Vivek Sureshbhai Bhalodiya Huf, Sureshbhai Jethalal Patel Huf, Karthik Rameshkumar Jivam Huf, an individual Seller: 4 individuals |
| Sep 2012 | Funding round | ₹6.15 Cr | Investors: 4 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
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Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
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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 Excel Ceramic Private Limited
Excel Ceramic Private Limited has 27 court cases on record: 25 filed by Excel Ceramic, 1 filed against it, 1 where it is another party. 12 cases are pending and 15 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Total cases
27
Filed by the company
25
Filed against the company
1
Pending
12
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 1 | 12 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against Neo Wares India Private Limited | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against Mywarehouse Online Sales LLP | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
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Full case history
All 27 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Excel Ceramic Private Limited
Excel Ceramic Private Limited has a workforce of 15 employees as of Apr 09, 2024.
Employee count
15
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
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Recent Activity on Excel Ceramic Private Limited
Excel Ceramic Private Limited has 3 board changes on record since 2000: 3 appointments. The latest: Ashokkumar Jethalal Patel was appointed as Director on 03 Mar 2000.
AGM
Excel Ceramic Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Excel Ceramic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.75 Cr with Charge ID 100978710 was registered on 30 Aug 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.56 Cr with Charge ID 100549041 was registered on 25 Jan 2022.
Charges
A charge with Axis Bank Limited of Rs. 3.50 Cr registered on 12 Mar 2019 with Charge ID 100249976 was modified on 25 Jan 2022.
Charges
A charge with Axis Bank Limited of Rs. 4.50 Cr registered on 27 Nov 2018 with Charge ID 100221900 was modified on 25 Jan 2022.
Charges
A charge registered on 19 Feb 2020 via Charge ID 100329779 with Axis Bank Limited was fully satisfied on 05 Dec 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.50 Cr with Charge ID 100417046 was registered on 02 Feb 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 6.57 Cr with Charge ID 100417048 was registered on 02 Feb 2021.
Charges
A charge registered on 12 Mar 2019 via Charge ID 100249980 with Axis Bank Limited was fully satisfied on 22 Jan 2021.
Charges
A charge with Axis Bank Limited of Rs. 0.61 Cr registered on 14 Jul 2020 with Charge ID 100363407 was modified on 19 Jul 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.61 Cr with Charge ID 100363407 was registered on 14 Jul 2020.
26 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Excel Ceramic Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Excel Ceramic Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Excel Ceramic Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Excel Ceramic Private Limited
Excel Ceramic has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACE6823G1ZX | Gujarat | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Excel Ceramic Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Excel Ceramic Private Limited
Excel Ceramic is an active private limited company based in Rajkot, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 03 March 2000 (26+ years old) and is registered under CIN U26920GJ2000PTC037475.
Excel Ceramic reported revenue of ₹46.02 Cr for FY 2025 (down 7% YoY).
Excel Ceramic has 3 current directors:
- Sureshkumar Jethalal Bhalodia - Director
- Jethalal Ravjibhai Bhalodia - Director
- Ashokkumar Jethalal Patel - Director
Excel Ceramic reported a net profit of ₹73.92 Lakh (net margin 1.6%) and EBITDA of ₹3.69 Cr (EBITDA margin 8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Excel Ceramic is -5% over three years and -2% over five years. In the latest year (FY 2025) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Excel Ceramic is 24AAACE6823G1ZX, registered in Gujarat.
The CIN (Corporate Identification Number) of Excel Ceramic is U26920GJ2000PTC037475. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Excel Ceramic has 27 court cases on record: 25 filed by the company and 1 filed against it. 12 are pending. Most are in the district courts.
Excel Ceramic was incorporated on 03 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Excel Ceramic has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹6.15 Cr; the latest was in December 2023.
The peers of Excel Ceramic by revenue are Superflo Pvt Ltd, Sidh Granites Pvt Ltd, Sunfame Ceramic Private Limited, Hind Granites Private Limited, Aspino Ceramics Private Limited and 5 more, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles).