Honey Shipbreaking Private Limited

Honey Shipbreaking Private Limited - transport and logistics in Bhavnagar, Gujarat, India. FY 2026 financials & compliance.
CIN U35117GJ2003PTC041848 Incorporated 16 January 2003 ROC Ahmedabad HQ Bhavnagar, Gujarat, India
Active Private Limited Company transport and logistics MSME · Medium
Data last updated
Revenue · FY 2025
₹68.06 Cr
▲ 1610% YoY
Net profit · FY 2025
₹2.53 Lakh
Net margin 0%
EBITDA · FY 2025
₹1.36 Cr
EBITDA margin 2%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹508.49 Cr
Secured borrowings
Company age
23 yrs
Est. 2003
Employees · EPFO
13
Provident fund records

About Honey Shipbreaking Private Limited

Data last updated:

Honey Shipbreaking Private Limited is a private limited company based in Bhavnagar, Gujarat, India. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 16 January 2003 and has been in existence for over 23 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35117GJ2003PTC041848. Its GSTIN is 24AABCH2620R1ZJ (Gujarat). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors Munishkumar Amritlal Bansal and Shallu Munishkumar Bansal.

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 Bhavnagar, Gujarat.

As per the financials filed for FY 2025, the company reported a revenue of ₹68.06 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.53 Lakh (net margin 0%) and EBITDA of ₹1.36 Cr (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 1% over five years.

The company has about 13 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹508.49 Cr on record. Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it; 2 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹75 Lakh; the latest was in August 2011. Its 3 peer companies in the Shipping industry (Shipbuilding and Repairs), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 1 smaller; the largest is Shri Gautam Shipbreaking Industries Private Limited with revenue of ₹78.62 Cr.

Honey Shipbreaking Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0012115). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U35117GJ2003PTC041848
Registration Number 041848
Incorporation Date 16 January 2003
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-05-0012115
Key People
Munishkumar Amritlal Bansal Director Shallu Munishkumar Bansal Director

Recognitions & Rankings of Honey Shipbreaking

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-05-0012115

Contact details

Honey Shipbreaking Private Limited's registered office is in Bhavnagar, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Office No. 1 Shanti Jyot Building Sardarnagar Road Nr. Rupani Circle Rup, Ani, Bhavnagar, Gujarat, India – 364002
  • Industry
    Transport and Logistics, Shipbuilding & Repair Services

To see the full contact details of Honey Shipbreaking Private Limited, buy the company report.

Comprehensive company report
Honey Shipbreaking Private 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
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Business activity

The main business activity of Honey Shipbreaking is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Honey Shipbreaking Private Limited, buy the company report.

Financials of Honey Shipbreaking Private Limited

FY 2025 filings available

Honey Shipbreaking Private Limited reported revenue of ₹68.06 Cr (up 1610% YoY) for FY 2025.

Revenue · FY 2025
₹68.06 Cr ▲ 1610%
Net profit · FY 2025
₹2.53 Lakh margin 0%
EBITDA · FY 2025
₹1.36 Cr margin 2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
3 years · compounded
▼ 9%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 30%
3 years · compounded
▼ 36%
5 years · compounded
▼ 3%

Revenue has grown at a compounded annual rate (CAGR) of 1% over five years. EBITDA rose 30% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹1.36 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.53 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin2%
Net Profit Margin0%
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 Honey Shipbreaking Private Limited, buy the company report.

Board of directors of Honey Shipbreaking Private Limited

Honey Shipbreaking has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Munishkumar Amritlal Bansal
Also directs: Sai Infinium Limited, Pratyaksh Ship Breaking Private Limited
Director01 Sep 201610 Years 2 MonthsCurrent
Shallu Munishkumar Bansal
Also directs: Pratyaksh Ship Breaking Private Limited
Director16 Oct 20215 Years 0 MonthsCurrent
View all directors

Peer comparison

Honey Shipbreaking Private Limited is compared with the 3 companies closest to it by revenue in the Shipping industry (Shipbuilding and Repairs), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Shri Gautam Shipbreaking Industries Private Limited₹78.62 Cr (FY 2024)-18.0%Bhavnagar, Gujarat, India
Dalkan Ship Breaking Limited₹75.57 Cr (FY 2025)27.0%Mumbai, Maharashtra, India
Honey Shipbreaking Private Limitedthis company₹68.06 Cr (FY 2025)₹2.53 Lakh0%1610.0%13Bhavnagar, Gujarat, India
M K Shipping and Allied Industries Private Limited₹66.44 Cr (FY 2025)77.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Honey Shipbreaking Private Limited, buy the company report.

Auditor

Honey Shipbreaking Private Limited is audited by JAYESH MEHTA & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
JAYESH MEHTA & ASSOCIATESFY 2023138451W

Shareholding

The shareholding of Honey Shipbreaking Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Honey Shipbreaking Private Limited, buy the company report.

Charges & borrowings

Open charges
₹508.49 Cr
Satisfied charges
None
Breakdown by lending institutions
Indian Overseas Bank₹441.74 Cr
Indnian Overseas Bank₹66.40 Cr
Indian Overseas Bank Ltd₹0.35 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
08 Jun 2023100738028Indian Overseas Bank₹60 CrOpen
08 Jun 2023100738026Indian Overseas Bank₹60 CrOpen
21 Feb 2019100261453Indian Overseas Bank₹9 LakhOpen
29 Oct 201010253564Indnian Overseas Bank₹66.4 CrOpen
29 Oct 201010262201Indian Overseas Bank₹161.65 CrOpen

To see the full charge records of Honey Shipbreaking Private Limited, buy the company report.

Total charge records: 8 View all charges

Deals & funding

Honey Shipbreaking Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹75 Lakh; the latest was in August 2011.

Total deals
1
Funding round
1
Disclosed funding
₹75 Lakh

Deals on record (1 of 1)

WhenDealAmountParties
Aug 2011Funding round₹75 LakhInvestors: an individual

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

MSME payment delays

No delayed payments to MSME suppliers are on our record for Honey Shipbreaking Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Honey Shipbreaking Private Limited has a workforce of 13 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.

Employee count
13
Active EPFO establishments
1
Employee growth
-83.75%

GST

Honey Shipbreaking has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
24AABCH2620R1ZJGujaratActive01 Jul 2017
24AABCH2620R1DSGujaratActive24 Jan 2025

To see the full GST registrations and return filing status of Honey Shipbreaking Private Limited, buy the company report.

Recent activity

Honey Shipbreaking Private Limited has 6 board changes on record since 2016: 2 appointments and 4 cessations. The latest: Shallu Munishkumar Bansal ceased to be Additional Director on 30 Nov 2021.

AGM
Honey Shipbreaking Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Honey Shipbreaking Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Indian Overseas Bank of Rs. 161.65 Cr registered on 29 Oct 2010 with Charge ID 10262201 was modified on 21 Sep 2023.
Charges
A charge with Indian Overseas Bank amounted to Rs. 60.00 Cr with Charge ID 100738028 was registered on 08 Jun 2023.
Charges
A charge with Indian Overseas Bank amounted to Rs. 60.00 Cr with Charge ID 100738026 was registered on 08 Jun 2023.
Charges
A charge with Indnian Overseas Bank of Rs. 66.40 Cr registered on 29 Oct 2010 with Charge ID 10253564 was modified on 25 May 2022.
Ceased
Shallu Munishkumar Bansal ceased to be Additional Director.
Appointed
Shallu Munishkumar Bansal was appointed as Director.
Ceased
Tarlok Chand ceased to be Director.
Charges
A charge with Indian Overseas Bank amounted to Rs. 0.09 Cr with Charge ID 100261453 was registered on 21 Feb 2019.
Ceased
Keyur Jitendrabhai Sarvaiya ceased to be Director.
Ceased
Rajkumar Kakaram Bansal ceased to be Additional Director.

9 earlier events are in the company report.

Frequently asked questions

Honey Shipbreaking is an active private limited company based in Bhavnagar, Gujarat, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 16 January 2003 (23+ years old) and is registered under CIN U35117GJ2003PTC041848.

Honey Shipbreaking has 2 current directors:

The latest financial statements of Honey Shipbreaking 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 Honey Shipbreaking is 24AABCH2620R1ZJ, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCH2620R1DS (Gujarat).

The CIN (Corporate Identification Number) of Honey Shipbreaking is U35117GJ2003PTC041848. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Honey Shipbreaking has 7 court cases on record: 1 filed by the company and 6 filed against it. 2 are pending. Most are in the high courts.

Honey Shipbreaking was incorporated on 16 January 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Honey Shipbreaking has 1 deal on record (1 funding round), with disclosed funding of ₹75 Lakh; the latest was in August 2011.

The peers of Honey Shipbreaking by revenue are Shri Gautam Shipbreaking Industries Private Limited, Dalkan Ship Breaking Limited, M K Shipping and Allied Industries Private Limited, all in the Shipping industry (Shipbuilding and Repairs), with the same principal business activity (metal and metal products).

Shallu Munishkumar Bansal ceased to be Additional Director on 30 Nov 2021. Shallu Munishkumar Bansal was appointed as Director on 16 Oct 2021. Tarlok Chand ceased to be Director on 16 Mar 2020. Honey Shipbreaking has 6 board changes on record in total.

Yes, Honey Shipbreaking is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-05-0012115).