About Grace Castings Limited
Data last updated:
Grace Castings Limited is a public limited company based in Kadi, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 25 March 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U23310GJ1992PLC017365. Its GSTIN is 24AAACG5597K1Z9 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.75 Cr and a paid-up capital of ₹1.54 Cr. It was formerly known as Grace Castings Pvt Ltd. It is led by directors including Mohit Rajiv Mardia (Managing Director) and Hitesh Hasmukhlal Shah (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 Survey No 189 Village Karannagar Tal Kadi, Gujarat, India – 382715.
As per the financials filed for FY 2025, the company reported a revenue of ₹180.83 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹79.96 Lakh (net margin 0.4%) and EBITDA of ₹5.33 Cr (EBITDA margin 2.9%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 8% over five years.
The company has about 84 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Grace Casting. As per MCA filings, the company has open charges of ₹31.17 Cr and satisfied charges of ₹14.11 Cr on record. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gracecastings.com.
Company details
Name history
Grace Castings has undergone 2 name changes throughout its history. The company was previously known as Grace Castings Pvt Ltd, and Grace Castings Limited. The current legal name is Grace Castings Limited.
| Company Name | Status |
|---|---|
| Grace Castings Limited | Current |
| Grace Castings Pvt Ltd | Previous |
CIN history
Grace Castings has one previous CIN (Corporate Identification Number): U23310GJ1992PTC017365. The current CIN is U23310GJ1992PLC017365, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U23310GJ1992PLC017365 | Current |
| U23310GJ1992PTC017365 | Previous |
Contact details
Grace Castings Limited's registered office is in Kadi, Gujarat. Its website is gracecastings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No 189 Village Karannagar Tal Kadi, Gujarat, India – 382715
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Grace Castings Limited, buy the company report.
- 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
Brands
Grace Castings operates one associated brand: Grace Casting. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supply of steel products, including foundry castings and structural steel, with a focus on quality and international standards. | gracecastings.com |
Business activity
The main business activity of Grace Castings is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Grace Castings Limited, buy the company report.
Financials of Grace Castings Limited
FY 2025 filings availableGrace Castings Limited reported revenue of ₹180.83 Cr (down 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 18% fall in the latest year. EBITDA rose 9% 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
| 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 | ₹5.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹79.96 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Grace Castings Limited, buy the company report.
Board of directors of Grace Castings Limited
Grace Castings has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Rajiv Mardia Also directs: Abhinav Retreat LLP | Managing Director | 12 Jun 2009 | 17 Years 4 Months | Current |
| Hitesh Hasmukhlal Shah | Whole-Time Director | 01 May 2003 | 23 Years 6 Months | Current |
| Vidhyut Vinodchandra Kapadiya | Whole-Time Director | 13 Sep 2002 | 24 Years 1 Months | Current |
| Rajeev Shantilal Mardia | Additional Director | 01 Oct 2025 | 1 Years 1 Months | Current |
Peer comparison
Grace Castings Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Die Casting, Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shreesatya Sponge & Power Private Limited | ₹181.87 Cr (FY 2025) | -8.0% | Kolkata, West Bengal, India | |||
| Grace Castings Limitedthis company | ₹180.83 Cr (FY 2025) | ₹79.96 Lakh | 0.4% | -18.0% | 84 | Kadi, Gujarat, India |
| Peb Structural Industries Private Limited | ₹180.63 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India | |||
| Bhiwadi Metal Rollwell Pvt. Ltd. | ₹179.77 Cr (FY 2025) | 29.0% | Alwar, Rajasthan, India | |||
| Quality Multimetals Private Limited | ₹179.69 Cr (FY 2025) | -12.0% | Mandi Gobindgarh, Punjab, India | |||
| A.N.J. Metal Recycling Private Limited | ₹179.31 Cr (FY 2025) | 12.0% | Fatehgarh Sahib, Punjab, India |
To see the full peer comparison of Grace Castings Limited, buy the company report.
Auditor
Grace Castings Limited is audited by B.J.Shah & Bros for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.J.Shah & Bros | FY 2022 | 109501W |
Shareholding
The shareholding of Grace Castings Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Grace Castings Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2017 | 100115429 | City Union Bank Limited | ₹31.17 Cr | Open | |
| 15 Nov 2010 | 10250888 | Development Credit Bank Limited | ₹5 Cr | Satisfied | |
| 02 Nov 2010 | 10250577 | Development Credit Bank Limited | ₹5 Cr | Satisfied | |
| 05 Sep 2007 | 10090123 | Hdfc Bank Limited | ₹64 Lakh | Satisfied | |
| 05 Sep 2007 | 10091463 | Hdfc Bank Limited | ₹64 Lakh | Satisfied |
To see the full charge records of Grace Castings Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Grace Castings Limited has 11 court cases on record: 9 filed by Grace Castings, 2 filed against it. 1 case is pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 2 | 1 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Uttar Gujarat Vij Company Ltd and 3 others | Disposed |
| High Court, GUJARAT | Commercial suit | Filed by the company against O L of M/S Mardia Steels Ltd (in Liqn) and 1 other | Disposed |
| High Court of Gujarat | Court case (SCR.A) | Filed by the company against an individual | Pending |
| High Court of Gujarat | Commercial suit | Filed by the company against Official Liquidator of Mardia Steel Ltd (in Liqn) | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against an individual | Disposed |
To see the full case history of Grace Castings Limited, buy the company report.
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.
MSME payment delays
Grace Castings Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 75 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Pavan Industrial Gases Pvt Ltd | |||
| Mahavir Refratech (Gujarat) Private Limited | |||
| Rishab Electrical Industrial Suppliers | |||
| Quality Engineering(Baroda)Pvt Ltd | |||
| Soham Coal Private Limited |
To see the full MSME payment records of Grace Castings Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Grace Castings Limited has a workforce of 84 employees on its EPFO records as of Dec 13, 2024, across 1 active EPFO establishment.
GST
Grace Castings has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG5597K1Z9 | Gujarat | Active | 01 Jul 2017 |
| 24AAACG5597K1DI | Gujarat | Active | 12 Nov 2024 |
To see the full GST registrations and return filing status of Grace Castings Limited, buy the company report.
Recent activity
Grace Castings Limited has 8 board changes on record since 2002: 4 appointments and 4 cessations. The latest: Rajeev Shantilal Mardia was appointed as Additional Director on 01 Oct 2025.
19 earlier events are in the company report.
Frequently asked questions
Grace Castings is an active public limited company based in Kadi, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 25 March 1992 (34+ years old) and is registered under CIN U23310GJ1992PLC017365.
Grace Castings has 4 current directors:
- Mohit Rajiv Mardia - Managing Director
- Hitesh Hasmukhlal Shah - Whole-Time Director
- Vidhyut Vinodchandra Kapadiya - Whole-Time Director
- Rajeev Shantilal Mardia - Additional Director
The latest financial statements of Grace Castings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Grace Castings is 24AAACG5597K1Z9, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACG5597K1DI (Gujarat).
The CIN (Corporate Identification Number) of Grace Castings is U23310GJ1992PLC017365. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grace Castings has 11 court cases on record: 9 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Grace Castings was incorporated on 25 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Grace Castings by revenue are Shreesatya Sponge & Power Private Limited, Peb Structural Industries Private Limited, Bhiwadi Metal Rollwell Pvt. Ltd, Quality Multimetals Private Limited, A.N.J. Metal Recycling Private Limited, all in the Metals and Minerals industry (Die Casting, Steel), with the same principal business activity (metal and metal products).
Rajeev Shantilal Mardia was appointed as Additional Director on 01 Oct 2025. Vidhyut Vinodchandra Kapadiya ceased to be Director on 08 Sep 2022. Hitesh Hasmukhlal Shah ceased to be Director on 17 Jul 2019. Grace Castings has 8 board changes on record in total.
Grace Castings has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 75 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 May 2019.
Grace Castings can be reached through the website gracecastings.com. Its registered office is in Kadi, Gujarat, India.
The registered office of Grace Castings is at Survey No 189 Village Karannagar Tal Kadi, Gujarat, India – 382715.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
