Grace Garments Ltd
About Grace Garments Ltd
Data last updated:
Grace Garments Ltd was a public limited company based in Bhavnagar, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It was incorporated on 14 December 1994.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U18109GJ1994PLC023862. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹30.08 Lakh. It was led by directors including Hinaben Hiteshbhai Ruparelia (Whole-Time Director) and Utpalbhai Pravinchandra Ruparelia.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 136 Panchamrut Old Manekwadi, Bhavnagar, Gujarat, India – 364001.
As per the financials filed for FY 2023, the company reported a revenue of ₹47.09 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹44.31 Lakh (net margin 94.1%) and EBITDA of ₹46.49 Lakh (EBITDA margin 98.7%). Revenue has grown at a compounded annual rate (CAGR) of 141% over three years and 63% over five years.
Company details
Contact details
Grace Garments Ltd's registered office is in Bhavnagar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address136 Panchamrut Old Manekwadi, Bhavnagar, Gujarat, India – 364001
To see the full contact details of Grace Garments Ltd, 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
Financials of Grace Garments Ltd
FY 2023 filings availableGrace Garments Ltd reported revenue of ₹47.09 Lakh (up 1426% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 63% over five years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹46.49 Lakh | ||||
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| Net Profit (PAT) | ₹44.31 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 98.7% | ||||
| Net Profit Margin | 94.1% | ||||
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To see the full financial statements and ratios of Grace Garments Ltd, buy the company report.
Board of directors of Grace Garments Ltd
Grace Garments has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hinaben Hiteshbhai Ruparelia Also directs: Shaligram Apparels LLP | Whole-Time Director | 20 May 1999 | 27 Years 5 Months | As last reported |
| Utpalbhai Pravinchandra Ruparelia | Director | 01 Feb 2008 | 18 Years 8 Months | As last reported |
| Hitesh Pravinchandra Ruparelia | Director | 05 Jan 1995 | 31 Years 9 Months | As last reported |
Auditor
Grace Garments Ltd is audited by M K MAKATI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M K MAKATI & CO | FY 2021 | 105890W |
Shareholding
The shareholding of Grace Garments Ltd is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Grace Garments Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Grace Garments Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Grace Garments Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Grace Garments Ltd has 1 active EPFO establishment as of Apr 02, 2024.
GST
Grace Garments has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Grace Garments Ltd, buy the company report.
Recent activity
Grace Garments Ltd has 7 board changes on record since 1995: 3 appointments and 4 cessations. The latest: Ashishbhai Ruparelia ceased to be Director on 01 Sep 2009.
Frequently asked questions
Grace Garments has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Grace Garments was a public limited company based in Bhavnagar, Gujarat, India. It was incorporated on 14 December 1994 and is registered under CIN U18109GJ1994PLC023862. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Grace Garments is U18109GJ1994PLC023862. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grace Garments had 3 directors:
- Hinaben Hiteshbhai Ruparelia - Whole-Time Director
- Utpalbhai Pravinchandra Ruparelia - Director
- Hitesh Pravinchandra Ruparelia - Director
Grace Garments was incorporated on 14 December 1994. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Grace Garments is at 136 Panchamrut Old Manekwadi, Bhavnagar, Gujarat, India – 364001.
The latest financial statements of Grace Garments on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Grace Garments has 1 GST registration on record and it is cancelled or inactive.
Ashishbhai Ruparelia ceased to be Director on 01 Sep 2009. Hinaben Hiteshbhai Ruparelia ceased to be Director on 01 Aug 2008. Kashmiraben Utpalbhai Ruparelia ceased to be Director on 02 Feb 2008. Grace Garments has 7 board changes on record in total.
The compliance status of Grace Garments is compliant as of 02 September 2026.