MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-32-0000642
Icon Ceramic Limited - manufacturing in Morbi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹19.39 Lakh
▲ 53% YoY
Net profit · FY 2025
₹7.36 Lakh
Net margin 38%
EBITDA · FY 2025
₹8.49 Lakh
EBITDA margin 43.8%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.25 Cr
Issued & subscribed
Satisfied charges
₹12.55 Cr
No open charges
Company age
25 yrs
Est. 2001
Directors on board
3
As per MCA filings
About Icon Ceramic Limited
Data last updated:
Icon Ceramic Limited is a public limited company based in Morbi, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 13 December 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26914GJ2001PLC040267. Its GSTIN is 24AAACI9144E1ZT (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors including Jamnadas Manjibhai Tilva (Whole-Time Director) and Nileshkumar Sarodia Ramjibhai.
Its last annual general meeting (AGM) was held on 22 August 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 ₹19.39 Lakh, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹7.36 Lakh (net margin 38%) and EBITDA of ₹8.49 Lakh (EBITDA margin 43.8%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 59% over five years.
As per MCA filings, the company has satisfied charges of ₹12.55 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it.
Icon Ceramic Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0000642). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iconceramic.com.
Company details
CIN U26914GJ2001PLC040267
Registration Number 040267
Incorporation Date 13 December 2001
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-32-0000642
Key People
Jamnadas Manjibhai Tilva Whole-Time Director Nileshkumar Sarodia Ramjibhai Director Savan Chandulal Dharsandia Director Recognitions & Rankings of Icon Ceramic
Contact details
Icon Ceramic Limited's registered office is in Morbi, Gujarat. Its website is iconceramic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAmbika Shopping Center Ground Floor Shop No. 3 Savsar Plot Opp. Doshi Towe, R, Morbi, Gujarat, India – 363641
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Icon Ceramic Limited, buy the company report.
Comprehensive company report
Icon Ceramic 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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Financials of Icon Ceramic Limited
FY 2025 filings availableIcon Ceramic Limited reported revenue of ₹19.39 Lakh (up 53% YoY) for FY 2025.
Revenue · FY 2025
₹19.39 Lakh ▲ 53%
Net profit · FY 2025
₹7.36 Lakh margin 38%
EBITDA · FY 2025
₹8.49 Lakh margin 43.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 53%
3 years · compounded
▼ 52%
5 years · compounded
▼ 59%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 47%
5 years · compounded
▼ 33%
Revenue rose 53% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 59%. EBITDA fell 25% 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 | ₹8.49 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.36 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 | 43.8% | ||||
| Net Profit Margin | 38% | ||||
| 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 Icon Ceramic Limited, buy the company report.
Board of directors of Icon Ceramic Limited
Icon Ceramic has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jamnadas Manjibhai Tilva | Whole-Time Director | 30 Sep 2010 | 16 Years 0 Months | Current |
| Nileshkumar Sarodia Ramjibhai | Director | 04 Jan 2016 | 10 Years 9 Months | Current |
| Savan Chandulal Dharsandia | Director | 27 May 2015 | 11 Years 5 Months | Current |
Peer comparison
Icon Ceramic Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kazila Ceramics Private Limited | ₹19.99 Lakh (FY 2015) | -86.0% | Malappuram, Kerala, India | |||
| N S Granites Private Limited | ₹19.69 Lakh (FY 2025) | -59.0% | Jaipur, Rajasthan, India | |||
| Chirag Tiles Private Limited | ₹19.43 Lakh (FY 2025) | -57.0% | Rajasthan, India | |||
| Icon Ceramic Limitedthis company | ₹19.39 Lakh (FY 2025) | ₹7.36 Lakh | 38% | 53.0% | Morbi, Gujarat, India | |
| Casa Tiles Private Limited | ₹18.97 Lakh (FY 2025) | -13.0% | Morbi, Gujarat, India | |||
| Ozon Vitrified Private Limited | ₹18.95 Lakh (FY 2024) | -58.0% | Morbi, Gujarat, India | |||
| S.P.S. Granites Private Limited | ₹18.91 Lakh (FY 2025) | -88.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Icon Ceramic Limited, buy the company report.
Auditor
Icon Ceramic Limited is audited by S. SHARDA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. SHARDA & ASSOCIATES | FY 2023 | 117361W |
Shareholding
The shareholding of Icon Ceramic 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Icon Ceramic Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹12.55 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Dec 2004 | 90105983 | Oriental Bank of Commerce | ₹2.7 Lakh | Satisfied | |
| 29 Mar 2003 | 80020971 | Oriental Bank of Commerce | ₹3.5 Cr | Satisfied | |
| 29 Mar 2003 | 90105891 | Oriental Bank of Commerce | ₹2 Cr | Satisfied | |
| 28 Mar 2003 | 80020970 | Oriental Bank of Commerce | ₹7.03 Cr | Satisfied |
To see the full charge records of Icon Ceramic Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Icon Ceramic Limited has 5 court cases on record: 1 filed by Icon Ceramic, 4 filed against it. All cases are disposed.
Total cases
5
Filed by the company
1
Filed against the company
4
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Disposed |
| District court, RAJKOT, Gujarat | Court case (DST LC) | Filed against the company by individuals | Disposed |
| District court, RAJKOT, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (2402-Indirect Taxation : Central Excise Act, Central Excise Tariff Act) | Filed against the company by Commissioner of Central Excise and Service Tax Central Excise Bhawan, Race Course Ring Road, Income Tax Office Rajkot , District: Rajkot ,Rajkot , Gujarat | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by an individual | Disposed |
To see the full case history of Icon Ceramic 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
No delayed payments to MSME suppliers are on our record for Icon Ceramic Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Icon Ceramic has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI9144E1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Icon Ceramic Limited, buy the company report.
Recent activity
Icon Ceramic Limited has 7 board changes on record since 2010: 3 appointments and 4 cessations. The latest: Nishant Mahendrabhai Faldu ceased to be Whole-Time Director on 25 Nov 2016.
AGM
Icon Ceramic Limited last Annual general meeting of members was held on 22 Aug 2025 as per latest MCA records.
Filing
Icon Ceramic Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 29 Mar 2003 via Charge ID 80020971 with Oriental Bank Of Commerce was fully satisfied on 25 Sep 2020.
Charges
A charge registered on 28 Mar 2003 via Charge ID 80020970 with Oriental Bank Of Commerce was fully satisfied on 25 Sep 2020.
Ceased
Nishant Mahendrabhai Faldu ceased to be Whole-Time Director.
Ceased
Savan Chandulal Dharsandia ceased to be Additional Director.
Appointed
Nileshkumar Sarodia Ramjibhai was appointed as Director.
Ceased
Bhaveshkumar Chhaganlal Faldu ceased to be Managing Director.
Appointed
Savan Chandulal Dharsandia was appointed as Director.
Charges
A charge with Oriental Bank Of Commerce of Rs. 7.03 Cr registered on 28 Mar 2003 with Charge ID 80020970 was modified on 25 Nov 2014.
Charges
A charge registered on 07 Dec 2004 via Charge ID 90105983 with Oriental Bank Of Commerce was fully satisfied on 18 Oct 2011.
Charges
A charge registered on 29 Mar 2003 via Charge ID 90105891 with Oriental Bank Of Commerce was fully satisfied on 18 Oct 2011.
8 earlier events are in the company report.
Frequently asked questions
Icon Ceramic is an active public limited company based in Morbi, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 13 December 2001 (25+ years old) and is registered under CIN U26914GJ2001PLC040267.
Icon Ceramic has 3 current directors:
- Jamnadas Manjibhai Tilva - Whole-Time Director
- Nileshkumar Sarodia Ramjibhai - Director
- Savan Chandulal Dharsandia - Director
The latest financial statements of Icon Ceramic on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Icon Ceramic is 24AAACI9144E1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Icon Ceramic is U26914GJ2001PLC040267. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icon Ceramic has 5 court cases on record: 1 filed by the company and 4 filed against it. Most are in the district courts.
Icon Ceramic was incorporated on 13 December 2001, making it 25+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Icon Ceramic by revenue are Kazila Ceramics Private Limited, N S Granites Private Limited, Chirag Tiles Private Limited, Casa Tiles Private Limited, Ozon Vitrified Private Limited and 1 more, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Nishant Mahendrabhai Faldu ceased to be Whole-Time Director on 25 Nov 2016. Savan Chandulal Dharsandia ceased to be Additional Director on 31 Aug 2016. Nileshkumar Sarodia Ramjibhai was appointed as Director on 04 Jan 2016. Icon Ceramic has 7 board changes on record in total.
Yes, Icon Ceramic is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-32-0000642).
Icon Ceramic can be reached through the website iconceramic.com. Its registered office is in Morbi, Gujarat, India.