About Honest Ceramic Private Limited
Data last updated:
Honest Ceramic Private Limited is a private limited company based in Morbi, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 22 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26990GJ2017PTC097484. Its GSTIN is 24AAECH1958D1ZU (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Chandubhai Devjibhai Koringa and Maheshbhai Kunvarjibhai Kalariya.
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 Morbi, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹37.39 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹30.42 Lakh (net margin 0.8%) and EBITDA of ₹1.71 Cr (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 26% over five years.
The company has about 21 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ceramic India. As per MCA filings, the company has open charges of ₹4.5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website endeka.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSurvey No 472 & 473 Nr. Blackberry Ceramic Pvt.Ltd Jetpar Pipali Road At Village Jasmatgad, H, Morbi, Gujarat, India – 363642
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
- 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 Honest Ceramic Private Limited
The main business activity of Honest 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 |
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 Honest Ceramic Private Limited FY 2025 filings available
Honest Ceramic Private Limited reported revenue of ₹37.39 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Honest Ceramic Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 5% growth in the latest year. EBITDA fell 17% 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 Honest 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 | ₹1.71 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30.42 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 Honest Ceramic Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 Honest Ceramic are in the company report.
Financial statements from FY 2018
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 Honest Ceramic Private Limited
Honest 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 |
|---|---|---|---|---|---|---|
| Jain Brothers Sanitation Private Limited | ₹38.48 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Viviana Vitrified Private Limited | ₹38.34 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Bela Rangpar, Gujarat, India |
| Savio Ceramica Private Limited | ₹38.23 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Ghuntu, Gujarat, India |
| Chandak Marbles Private Limited | ₹37.66 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Kishangarh, Rajasthan, India |
| Nacs International Private Limited | ₹37.4 Cr (FY 2025) | •••• | •••• | 142.0% | •••• | Morbi, Gujarat, India |
| Honest Ceramic Private Limited this company | ₹37.39 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Morbi, Gujarat, India |
| Platinum Ceramic Private Limited | ₹37.29 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Morbi, Gujarat, India |
| Safayar Ceramics Private Limited | ₹37.25 Cr (FY 2024) | •••• | •••• | 54.0% | •••• | Ahmedabad, Gujarat, India |
| Murano Tiles Private Limited | ₹36.7 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Bela Rangpar, Gujarat, India |
| Real Granito Private Limited | ₹36.6 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Ghuntu, Gujarat, India |
| Specific Ceramics Limited | ₹36.59 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Karoli, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Honest 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 Honest Ceramic Private Limited
Honest Ceramic Private Limited is audited by S PATEL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S PATEL & ASSOCIATES | 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 Honest Ceramic Private Limited
Honest Ceramic has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandubhai Devjibhai Koringa | Director | 19 Jun 2018 | 8 Years 3 Months | Current |
| Maheshbhai Kunvarjibhai Kalariya Also directs: Strawberry Ceramic Private Limited | Director | 19 Jun 2018 | 8 Years 3 Months | Current |
| Hiteshkumar Kuvarjibhai Kalariya | Director | 22 May 2017 | 9 Years 4 Months | Current |
| Pravinkumar Ranchhodbhai Koringa Also directs: Meracus Mineral LLP | Director | 22 May 2017 | 9 Years 4 Months | Current |
Ownership and Shareholding of Honest Ceramic 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 Honest Ceramic Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Sep 2018 | Indian Bank | ₹4.5 Cr | Open |
Total charge records: 1 View all charges
MSME Payment Delays by Honest Ceramic Private Limited
Honest Ceramic Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 28 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Shree Bhagawati Engineering | •••• | •••• | •••• |
| Jetco Industries | •••• | •••• | •••• |
| Time Control System | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Honest Ceramic Private Limited
Honest Ceramic operates one associated brand: Ceramic India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online directory for ceramic tiles, sanitaryware, and supplier connections. | ceramicindia.com |
Employees and EPFO Compliance at Honest Ceramic Private Limited
Honest Ceramic Private Limited has a workforce of 21 employees as of Apr 09, 2024.
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 Honest Ceramic Private Limited
Honest Ceramic Private Limited has 4 board changes on record since 2017: 4 appointments. The latest: Chandubhai Devjibhai Koringa was appointed as Director on 19 Jun 2018.
Credit Ratings, Litigation & Regulatory Alerts for Honest Ceramic 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.
Subsidiaries & Group Companies of Honest Ceramic 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 Honest Ceramic Private Limited
Honest Ceramic has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECH1958D1ZU | Gujarat | Active | 01 May 2018 |
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 Honest Ceramic 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 Honest Ceramic Private Limited
Honest Ceramic is an active private limited company based in Morbi, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 22 May 2017 (9+ years old) and is registered under CIN U26990GJ2017PTC097484.
Honest Ceramic reported revenue of ₹37.39 Cr for FY 2025 (up 5% YoY).
Honest Ceramic has 4 current directors:
- Chandubhai Devjibhai Koringa - Director
- Maheshbhai Kunvarjibhai Kalariya - Director
- Hiteshkumar Kuvarjibhai Kalariya - Director
- Pravinkumar Ranchhodbhai Koringa - Director
Honest Ceramic reported a net profit of ₹30.42 Lakh (net margin 0.8%) and EBITDA of ₹1.71 Cr (EBITDA margin 4.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Honest Ceramic is 7% over three years and 26% over five years. In the latest year (FY 2025) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Honest Ceramic is 24AAECH1958D1ZU, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Honest Ceramic is U26990GJ2017PTC097484. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Honest Ceramic was incorporated on 22 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Honest Ceramic by revenue are Jain Brothers Sanitation Private Limited, Viviana Vitrified Private Limited, Savio Ceramica Private Limited, Chandak Marbles Private Limited, Nacs International Private Limited and 5 more, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles).
Chandubhai Devjibhai Koringa was appointed as Director on 19 Jun 2018. Maheshbhai Kunvarjibhai Kalariya was appointed as Director on 19 Jun 2018. Hiteshkumar Kuvarjibhai Kalariya was appointed as Director on 22 May 2017. Honest Ceramic has 4 board changes on record in total.
Honest Ceramic has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 28 overdue payments to 14 micro and small suppliers. The latest return was filed on 19 Jul 2019.
Honest Ceramic can be reached through the website endeka.in. Its registered office is in Morbi, Gujarat, India.