Garg Ship Breaking Private Limited
About Garg Ship Breaking Private Limited
Data last updated:
Garg Ship Breaking Private Limited is a private limited company based in Bhavnagar, Gujarat, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 11 April 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35117GJ2002PTC040624. Its GSTIN is 24AABCG5616J1ZQ (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹87.3 Lakh. It is led by directors Asharani Shivchand Gupta and Hiteshkumar Shivchand Gupta.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Plot No. Dm – 87 – 88 Kaliyabid Behind Ram Mantra Mandir, Bhavnagar, Gujarat, India – 364002.
As per the financials filed for FY 2021, the company reported a revenue of ₹65.16 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹23.14 Lakh (net margin 0.4%) and EBITDA of ₹64.05 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 22% over five years.
As per MCA filings, the company has open charges of ₹8.96 Cr and satisfied charges of ₹5 Cr on record. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in December 2018. Its 10 peer companies in the Metals and Minerals industry (Materials Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Dinbandhu Suppliers Private Limited with revenue of ₹66.34 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No. Dm – 87 – 88 Kaliyabid Behind Ram Mantra Mandir, Bhavnagar, Gujarat, India – 364002
- IndustryMetals and Minerals, Materials Retail & Distribution
- 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 Garg Ship Breaking Private Limited
The main business activity of Garg Ship Breaking is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Garg Ship Breaking Private Limited FY 2021 filings available
Garg Ship Breaking Private Limited reported revenue of ₹65.16 Cr (up 51% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Garg Ship Breaking Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 51% growth in the latest year. EBITDA fell 22% 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 Garg Ship Breaking Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹65.16 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹64.05 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.14 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 Garg Ship Breaking Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Garg Ship Breaking 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 Garg Ship Breaking Private Limited
Garg Ship Breaking Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dinbandhu Suppliers Private Limited | ₹66.34 Cr (FY 2025) | •••• | •••• | 294.0% | •••• | Bilaspur, Chhattisgarh, India |
| Shri Shyam Industries Pvt. Ltd. | ₹65.78 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Raniganj, West Bengal, India |
| RP Metaliks Private Limited | ₹65.74 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Kolkata, West Bengal, India |
| Harmandar Coal Private Limited | ₹65.34 Cr (FY 2025) | •••• | •••• | 21417311.0% | •••• | Bilaspur, Chhattisgarh, India |
| Quality Chrome Private Limited | ₹65.32 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Kolkata, West Bengal, India |
| Garg Ship Breaking Private Limited this company | ₹65.16 Cr (FY 2021) | •••• | •••• | 51.0% | •••• | Bhavnagar, Gujarat, India |
| Gagan Fuels Private Limited | ₹64.82 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Ambala, Haryana, India |
| Mahaprabhu Resources Private Limited | ₹64.74 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Rourkela, Odisha, India |
| Kailashi Metals Private Limited | ₹64.65 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | Mumbai, Maharashtra, India |
| Yashveer Ferromat Private Limited | ₹64.38 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Gondal, Gujarat, India |
| Bhiringhee Mining & Minerals Private Limited | ₹64.31 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Durgapur, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Garg Ship Breaking by revenue in the Metals and Minerals industry (Materials Retail and Distribution), 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 Garg Ship Breaking Private Limited
Garg Ship Breaking Private Limited is audited by KOSHTI & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KOSHTI & 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 Garg Ship Breaking Private Limited
Garg Ship Breaking has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiteshkumar Shivchand Gupta Also directs: Shree Maa Durga Ispat LLP | Additional Director | 31 Dec 2024 | 1 Years 9 Months | Current |
| Asharani Shivchand Gupta | Director | 29 Jan 2019 | 7 Years 8 Months | Current |
Ownership and Shareholding of Garg Ship Breaking Private 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 Garg Ship Breaking Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Feb 2018 | Axis Bank Limited | ₹4.48 Cr | Open |
| 17 Nov 2017 | Axis Bank Limited | ₹4.48 Cr | Open |
| 21 Feb 2014 | Hdfc Bank Limited | ₹4 Cr | Satisfied |
| 29 Nov 2006 | Oriental Bank of Commerce | ₹1 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Garg Ship Breaking Private Limited
Garg Ship Breaking Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in December 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Rights issue | ₹58.2 Lakh | Investors: 4 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
Full deal history
All 2 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.
Employees and EPFO Compliance at Garg Ship Breaking Private Limited
Employment history and EPFO contributions of people linked to Garg Ship Breaking.
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 Garg Ship Breaking Private Limited
Garg Ship Breaking Private Limited has 6 board changes on record since 2002: 3 appointments and 3 cessations. The latest: Hiteshkumar Shivchand Gupta was appointed as Additional Director on 31 Dec 2024.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Garg Ship Breaking Private 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 Garg Ship Breaking Private 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 Garg Ship Breaking Private 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 Garg Ship Breaking Private Limited
Garg Ship Breaking has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCG5616J1ZQ | Gujarat | 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 Garg Ship Breaking Private 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 Garg Ship Breaking Private Limited
Garg Ship Breaking is an active private limited company based in Bhavnagar, Gujarat, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 11 April 2002 (24+ years old) and is registered under CIN U35117GJ2002PTC040624.
Garg Ship Breaking reported revenue of ₹65.16 Cr for FY 2021 (up 51% YoY).
Garg Ship Breaking has 2 current directors:
- Hiteshkumar Shivchand Gupta - Additional Director
- Asharani Shivchand Gupta - Director
Garg Ship Breaking reported a net profit of ₹23.14 Lakh (net margin 0.4%) and EBITDA of ₹64.05 Lakh (EBITDA margin 1%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Garg Ship Breaking is 22% over three years and 22% over five years. In the latest year (FY 2021) revenue rose 51%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Garg Ship Breaking is 24AABCG5616J1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Garg Ship Breaking is U35117GJ2002PTC040624. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garg Ship Breaking was incorporated on 11 April 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Garg Ship Breaking has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in December 2018.
The peers of Garg Ship Breaking by revenue are Dinbandhu Suppliers Private Limited, Shri Shyam Industries Pvt. Ltd, RP Metaliks Private Limited, Harmandar Coal Private Limited, Quality Chrome Private Limited and 5 more, all in the Metals and Minerals industry (Materials Retail and Distribution).
Hiteshkumar Shivchand Gupta was appointed as Additional Director on 31 Dec 2024. Ramniwas Omprakash Garg ceased to be Director on 31 Dec 2024. Hemka Ramniwas Garg ceased to be Director on 26 Feb 2019. Garg Ship Breaking has 6 board changes on record in total.