Glass Wall Systems (India) Limited - engineering in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U74999MH2010PLC207187 Incorporated 27 August 2010 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: GLASSWALL · BSE: 544913 Public Limited Company engineering MSME · Medium
Data last updated
Market Cap
₹2,209 Cr
GLASSWALL · NSE
Share Price
₹251.25
-0.17% today
Revenue
₹457 Cr
FY 2025-26 · +64.2% YoY
EBITDA
₹105 Cr
Margin 23.0%
Net Profit
₹81.74 Cr
FY 2025-26 · +53.6% YoY
P/E (TTM)
24.8x
P/B 6.1x
ROE
38.6%
ROCE 50.1%
Debt / Equity
0.03
Interest cover 3.5x

About Glass Wall Systems (India) Limited

Data last updated:

Glass Wall Systems (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 27 August 2010 and has been in existence for over 16 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2010PLC207187. Its GSTIN is 27AADCG9248G1ZD (Maharashtra). The company holds 12 GST registrations, of which 9 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544913 and NSE: GLASSWALL.

The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹16.93 Cr. It is led by directors including Eshan Jawahar Hemrajani (Managing Director) and Jawahar Hariram Hemrajani (Whole-Time Director).

Its last annual general meeting (AGM) was held on 08 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹456.97 Cr, a growth of 64.2% compared to the previous year. For the same year it recorded a net profit of ₹81.74 Cr (net margin 17.9%) and EBITDA of ₹105.19 Cr (EBITDA margin 23%). The net worth stands at ₹259.89 Cr (up 49.3% YoY). Total assets are valued at ₹271.47 Cr (up 45.8% YoY).

The company has about 334 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Glass Wall Systems. As per MCA filings, the company has open charges of ₹112.69 Cr and satisfied charges of ₹536 Cr on record. Court records list 38 cases involving the company, including 7 filed by the company and 31 filed against it; 29 cases are pending. The company has 17 deals on record (7 secondary share transfers, 6 market trades, 3 funding rounds), with disclosed funding of ₹244.97 Cr; the latest was in September 2026. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 899 overdue payments to 53 micro and small suppliers.

Glass Wall Systems (India) Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0057883). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glasswallsystems.in.

Company details

CIN U74999MH2010PLC207187
Registration Number 207187
Incorporation Date 27 August 2010
ROC Mumbai
Listing Status Listed - Listed on NSE (GLASSWALL); Listed on BSE (544913)
Company Status Active
Date of Last AGM 08 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0057883

CIN history

Glass Wall Systems (India) has one previous CIN (Corporate Identification Number): U74999MH2010PTC207187. The current CIN is U74999MH2010PLC207187, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74999MH2010PLC207187Current
U74999MH2010PTC207187Previous

Recognitions & Rankings of Glass Wall Systems (India)

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0057883

Contact details

Glass Wall Systems (India) Limited's registered office is in Mumbai, Maharashtra.

  • Social Media
  • Registered Address
    503 – 504 5th Floor A Wing Marathon Futurex, Mafatlal Mills Compound N.M. Joshi Marg Lower Parel (East), Mumbai, Maharashtra, India – 400013
  • Industry
    Engineering, Metal Foundry & Fabrication Services
Comprehensive company report
Glass Wall Systems (India) 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Glass Wall Systems (India) operates one associated brand: Glass Wall Systems. Each brand links to its own profile.

BrandDescriptionWebsite
Manufacturer of aluminium & glass elements and offers architectural designing servicesglasswallsystems.in

Business activity

The main business activity of Glass Wall Systems (India) is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF3Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities

To see the full business activity and turnover split of Glass Wall Systems (India) Limited, buy the company report.

Financials of Glass Wall Systems (India) Limited

FY 2025-26 filings available

Glass Wall Systems (India) Limited reported revenue of ₹456.97 Cr (up 64.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹457 Cr
+64.2% YoY
EBITDA
₹105 Cr
+44.1% YoY
Profit After Tax
₹81.74 Cr
+53.6% YoY
Net Worth
₹260 Cr
+49.3% YoY
Total Assets
₹271 Cr
+45.8% YoY
Total Debt
₹6.68 Cr
-21.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue457278304
Revenue growth+64.2%-8.6%-
EBITDA10573.0038.50
EBITDA margin+23.0%+26.2%+12.7%
Profit before tax11175.5931.34
Net profit81.7453.2328.80
Net profit margin+17.9%+19.1%+9.5%
EPS (₹)9.9037.8810.42
Balance sheet
Total assets271186150
Net worth260174121
Total debt6.688.4624.85
Cash & bank85.9377.9031.63
Net working capital11992.6644.04
Cash flow
Cash from operations73.2572.9542.72
Cash from investing(38.08)(53.15)8.76
Cash from financing(5.30)(25.53)(44.25)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue13110711913112779.12
Revenue growth (YoY)+3.3%+35.8%----
Other income2.422.504.582.392.694.80
EBITDA37.5322.9425.9329.8628.3721.04
EBITDA margin+28.5%+21.3%+21.7%+22.7%+22.3%+26.6%
Depreciation1.671.541.781.421.050.79
Interest0.560.851.130.811.090.50
Profit before tax37.7223.0527.6030.0228.9224.55
Tax9.125.766.817.557.125.83
Net profit28.6017.2920.7922.4721.8018.72
EPS (₹)3.352.042.460.002.582.21
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue430245282241
Revenue growth+75.7%-13.3%+17.3%-
EBITDA95.5558.0927.0011.87
EBITDA margin+22.2%+23.7%+9.6%+4.9%
Profit before tax10258.9421.422.06
Net profit75.8942.9919.2316.22
Net profit margin+17.7%+17.6%+6.8%+6.7%
EPS (₹)9.3428.856.158.29
Balance sheet
Total assets396166135153
Net worth385154114102
Total debt6.688.4618.5547.13
Cash & bank81.2371.4930.2022.68
Net working capital99.6278.7241.9333.33
Cash flow
Cash from operations72.7867.1734.1318.81
Cash from investing(35.82)(55.11)10.633.11
Cash from financing(5.17)(18.66)(37.95)(22.00)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue11610110912611876.34
Revenue growth (YoY)-1.9%+32.5%----
Other income2.442.404.462.352.634.62
Total expenses84.9179.7688.0197.8893.4355.16
EBITDA30.7721.3821.4728.4124.4921.18
EBITDA margin+26.6%+21.1%+19.6%+22.5%+20.8%+27.7%
Depreciation1.571.451.701.340.970.71
Interest0.540.831.010.851.030.49
Profit before tax31.1021.5023.2228.5725.1224.60
Tax7.945.486.047.306.465.82

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue13110711913112779.12
Revenue growth (YoY)+3.3%+35.8%----
Other income2.422.504.582.392.694.80
EBITDA37.5322.9425.9329.8628.3721.04
EBITDA margin+28.5%+21.3%+21.7%+22.7%+22.3%+26.6%
Depreciation1.671.541.781.421.050.79
Interest0.560.851.130.811.090.50
Profit before tax37.7223.0527.6030.0228.9224.55
Tax9.125.766.817.557.125.83
Net profit28.6017.2920.7922.4721.8018.72
EPS (₹)3.352.042.460.002.582.21
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue457278304
Revenue growth+64.2%-8.6%-
Other income14.459.815.92
Total expenses352205266
Employee cost37.7529.0126.35
EBITDA10573.0038.50
EBITDA margin+23.0%+26.2%+12.7%
Depreciation5.043.633.71
Interest3.523.599.37
Profit before tax11175.5931.34
Tax27.3118.0911.10
Net profit81.7453.2328.80
Net profit margin+17.9%+19.1%+9.5%
EPS (₹)9.9037.8810.42
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital16.9315.1819.44
Reserves & surplus243159101
Shareholders' funds (net worth)260174121
Minority interest0.000.000.00
Secured loans6.688.4624.85
Unsecured loans0.000.000.00
Total debt6.688.4624.85
Total liabilities271186150
Assets
Gross block91.6162.0960.32
Net block80.2355.7456.69
Capital work in progress4.297.933.06
Investments0.050.050.05
Inventories39.3438.4329.74
Sundry debtors10950.7763.44
Cash & bank balances85.9377.9031.63
Loans & advances81.3855.7150.66
Total current assets316223175
Total current liabilities197130131
Net working capital11992.6644.04
Total assets271186150
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash2.628.341.11
Net cash from operating activities73.2572.9542.72
Net cash from investing activities(38.08)(53.15)8.76
Net cash from financing activities(5.30)(25.53)(44.25)
Net change in cash29.86(5.72)7.23
Closing cash85.9377.9031.63
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+64.2%-8.6%-
EBITDA growth+44.1%+89.6%-
PBT growth+47.0%+141.2%+9997.0%
Net income growth+53.6%+84.8%-
Profitability & leverage
Net income margin+18.3%+20.7%+6.7%
Return on capital employed+50.1%+47.1%+36.1%
Return on net worth+38.6%+39.0%+23.8%
Debt / equity0.030.110.21
Long-term debt / equity0.030.070.12
Interest cover3.515.1826.93
Efficiency & per share
Fixed asset turnover5.954.555.05
Inventory turnover11.758.1710.23
Debtors turnover5.724.874.80
EPS (₹)9.9037.8810.42
Dividend per share (₹)0.000.000.00
Book value per share (₹)30.71114.6362.20
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue11610110912611876.34
Revenue growth (YoY)-1.9%+32.5%----
Other income2.442.404.462.352.634.62
Total expenses84.9179.7688.0197.8893.4355.16
EBITDA30.7721.3821.4728.4124.4921.18
EBITDA margin+26.6%+21.1%+19.6%+22.5%+20.8%+27.7%
Depreciation1.571.451.701.340.970.71
Interest0.540.831.010.851.030.49
Profit before tax31.1021.5023.2228.5725.1224.60
Tax7.945.486.047.306.465.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue430245282241
Revenue growth+75.7%-13.3%+17.3%-
Other income14.056.945.851.67
Total expenses334187255229
Employee cost0.0025.9725.4025.63
EBITDA95.5558.0927.0011.87
EBITDA margin+22.2%+23.7%+9.6%+4.9%
Depreciation4.713.073.023.02
Interest3.393.028.418.46
Profit before tax10258.9421.422.06
Tax25.6115.129.47(14.07)
Net profit75.8942.9919.2316.22
Net profit margin+17.7%+17.6%+6.8%+6.7%
EPS (₹)9.3428.856.158.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital16.9315.1819.4419.44
Reserves & surplus36813894.6082.75
Shareholders' funds (net worth)385154114102
Secured loans6.688.4618.5547.13
Unsecured loans0.000.000.000.00
Total debt6.688.4618.5547.13
Total liabilities396166135153
Assets
Gross block85.3255.9851.3860.22
Net block74.6449.9948.4460.22
Capital work in progress0.717.930.000.00
Investments1550.050.050.05
Inventories38.8738.2729.1822.57
Sundry debtors10147.3461.7872.97
Cash & bank balances81.2371.4930.2022.68
Loans & advances70.6445.6545.4467.19
Total current assets292203167185
Total current liabilities192124125152
Net working capital99.6278.7241.9333.33
Total assets396166135153
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash0.326.910.100.18
Net cash from operating activities72.7867.1734.1318.81
Net cash from investing activities(35.82)(55.11)10.633.11
Net cash from financing activities(5.17)(18.66)(37.95)(22.00)
Net change in cash31.79(6.59)6.81(0.08)
Closing cash81.2371.4930.2022.68
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+75.7%-13.3%+17.3%-
EBITDA growth+64.5%+115.2%+127.5%-
PBT growth+72.2%+175.2%+939.8%+9997.0%
Net income growth+76.5%+123.6%+18.6%-
Revenue CAGR (3Y)+21.4%---
EBITDA CAGR (3Y)+100.4%---
Profitability & leverage
Net income margin+17.7%+17.9%+4.2%+6.7%
Return on capital employed+37.4%+41.2%+30.1%+6.9%
Return on net worth+28.2%+32.8%+17.8%+15.8%
Debt / equity0.030.100.300.46
Long-term debt / equity0.020.060.090.10
Interest cover3.735.4935.0795.59
Efficiency & per share
Fixed asset turnover6.094.565.063.99
Inventory turnover11.157.2610.9110.66
Debtors turnover5.804.494.193.30
EPS (₹)8.9728.856.158.29
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)45.46101.0958.6752.57

To see the full year-wise statements and ratios of Glass Wall Systems (India) Limited, buy the company report.

Board of directors of Glass Wall Systems (India) Limited

Glass Wall Systems (India) has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sunaina Rohit GeraDirector21 May 20251 Years 5 MonthsCurrent
Nandita KhuranaDirector22 Jul 20251 Years 3 MonthsCurrent
Siddharth Nandkishore BafnaDirector21 May 20251 Years 5 MonthsCurrent
Jawahar Hariram HemrajaniWhole-Time Director27 Aug 201016 Years 2 MonthsCurrent
Eshan Jawahar HemrajaniManaging Director26 Sep 201412 Years 1 MonthsCurrent
Prakash BaglaDirector26 Sep 201412 Years 1 MonthsCurrent

Charges & borrowings

Open charges
₹112.69 Cr
Satisfied charges
₹536 Cr
Breakdown by lending institutions
Others₹112.69 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
23 Sep 2025101165249Others₹5 CrOpen
11 Sep 2025101165267Others₹95 CrOpen
26 Apr 2017100117462Others₹1.93 CrOpen
26 Apr 2017100117468Others₹2.13 CrOpen
26 Apr 2017100117471Others₹2.25 CrOpen

To see the full charge records of Glass Wall Systems (India) Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Glass Wall Systems (India) Limited has 17 deals on record (7 secondary share transfers, 6 market trades, 3 funding rounds), with disclosed funding of ₹244.97 Cr; the latest was in September 2026.

Total deals
17
Secondary share transfers
7
Market trades
6
Funding rounds
3
IPO
1
Disclosed funding
₹244.97 Cr

Deals on record (5 of 17)

WhenDealAmountParties
Sep 2026Market trade₹24.7 CrBuyer: Irage Broking Services LLP
Seller: Irage Broking Services LLP
Sep 2026Market trade₹25.63 CrBuyer: Irage Broking Services LLP
Seller: Irage Broking Services LLP
Sep 2026Market trade₹21.75 CrBuyer: Irage Broking Services LLP
Seller: Irage Broking Services LLP
Sep 2026Market trade₹45.28 CrBuyer: Irage Broking Services LLP , NK Securities Research Private Limited
Seller: Irage Broking Services LLP , NK Securities Research Private Limited
Sep 2026Market trade₹21.94 CrBuyer: Irage Broking Services LLP
Seller: Irage Broking Services LLP

To see the full deal history of Glass Wall Systems (India) Limited, buy the company report.

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

MSME payment delays

Glass Wall Systems (India) Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 899 overdue payments to 53 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 53)

SupplierAmount dueDue sinceReported on
M.J.Coaters Private Limited
an individual supplier
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Glass Wall Systems (India) Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Glass Wall Systems (India) has 12 GST registrations: 9 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
12
Active
9
Cancelled / inactive
3
GSTINStateStatusRegistered on
27AADCG9248G1ZDMaharashtraActive01 Jul 2017
27AADCG9248G2ZCMaharashtraActive01 Apr 2025
19AADCG9248G1ZAWest BengalActive01 Jul 2017
24AADCG9248G1ZJGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Glass Wall Systems (India) Limited, buy the company report.

Recent activity

Glass Wall Systems (India) Limited has 19 board changes on record since 2010: 6 appointments and 13 cessations. The latest: Nandita Khurana ceased to be Additional Director on 07 Aug 2025.

Filing
Glass Wall Systems (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101165249 was registered on 23 Sep 2025.
Charges
A charge with Others amounted to Rs. 95.00 Cr with Charge ID 101165267 was registered on 11 Sep 2025.
AGM
Glass Wall Systems (India) Limited last Annual general meeting of members was held on 08 Aug 2025 as per latest MCA records.
Ceased
Nandita Khurana ceased to be Additional Director.
Ceased
Siddharth Nandkishore Bafna ceased to be Additional Director.
Ceased
Sunaina Rohit Gera ceased to be Additional Director.
Appointed
Nandita Khurana was appointed as Director.
Appointed
Siddharth Nandkishore Bafna was appointed as Director.
Appointed
Sunaina Rohit Gera was appointed as Director.
Ceased
Jawahar Hariram Hemrajani ceased to be Director.
Charges
A charge registered on 06 Aug 2012 via Charge ID 10375797 with Others was fully satisfied on 27 Jan 2025.

32 earlier events are in the company report.

Frequently asked questions

Glass Wall Systems (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 27 August 2010 (16+ years old) and is registered under CIN U74999MH2010PLC207187. Listed on BSE: 544913 and NSE: GLASSWALL.

Glass Wall Systems (India) reported revenue of ₹456.97 Cr for FY 2025-26 (up 64.2% YoY) based on consolidated financials.

Glass Wall Systems (India) has 6 current directors:

The latest financial statements of Glass Wall Systems (India) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 08 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Glass Wall Systems (India) is 27AADCG9248G1ZD, registered in Maharashtra. The company has 12 GST registrations in all, of which 9 are active and 3 are cancelled or inactive. Other active GSTINs include 27AADCG9248G2ZC (Maharashtra), 19AADCG9248G1ZA (West Bengal), 24AADCG9248G1ZJ (Gujarat).

The CIN (Corporate Identification Number) of Glass Wall Systems (India) is U74999MH2010PLC207187. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Glass Wall Systems (India) is a listed company as per MCA records. Its shares are listed on both BSE (code: 544913) and NSE (symbol: GLASSWALL).

Glass Wall Systems (India) has 38 court cases on record: 7 filed by the company and 31 filed against it. 29 are pending. Most are in the high courts.

Glass Wall Systems (India) was incorporated on 27 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.

Glass Wall Systems (India) has 17 deals on record (7 secondary share transfers, 6 market trades, 3 funding rounds), with disclosed funding of ₹244.97 Cr; the latest was in September 2026.

Nandita Khurana ceased to be Additional Director on 07 Aug 2025. Siddharth Nandkishore Bafna ceased to be Additional Director on 07 Aug 2025. Sunaina Rohit Gera ceased to be Additional Director on 07 Aug 2025. Glass Wall Systems (India) has 19 board changes on record in total.