About Jagannath Polymers Limited
Data last updated:
Jagannath Polymers Limited is a public limited company based in Jagatpur, Odisha, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 24 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U25201OR1995PLC004079. Its GSTIN is 21AAACJ5664L1ZI (Odisha).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.05 Cr. It is led by directors including Manoj Kumar Subudhi (Managing Director) and Sourav Sekhar.
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 is at Jagatpur, Odisha.
As per the financials filed for FY 2023, the company reported a revenue of ₹22.84 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹18 Lakh (net margin 0.8%) and EBITDA of ₹2.15 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 15% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹36.75 Cr and satisfied charges of ₹32.91 Cr on record. Court records list 18 cases involving the company, including 3 filed by the company and 15 filed against it; 6 cases are 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 jagannathgroup.com.
Company details
CIN history
Jagannath Polymers has one previous CIN (Corporate Identification Number): U25201OR1995PTC004079. The current CIN is U25201OR1995PLC004079, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25201OR1995PLC004079 | Current |
| U25201OR1995PTC004079 | Previous |
Contact details
Jagannath Polymers Limited's registered office is in Jagatpur, Odisha. Its website is jagannathgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIdco Shed No – Ts – 3/36 37 48 & 49 Gopinathpur Mouza Champati Grampanchaya, T, Jagatpur, Odisha, India – 754021
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Jagannath Polymers 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
Business activity
The main business activity of Jagannath Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Jagannath Polymers Limited, buy the company report.
Financials of Jagannath Polymers Limited
FY 2023 filings availableJagannath Polymers Limited reported revenue of ₹22.84 Cr (down 14% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹22.84 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Jagannath Polymers Limited, buy the company report.
Board of directors of Jagannath Polymers Limited
Jagannath Polymers 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 |
|---|---|---|---|---|
| Sourav Sekhar Also directs: Jagannath Polypacks Limited, Jagannath Plastipacks Limited | Director | 30 Sep 2019 | 7 Years 1 Months | Current |
| Kshirod Kumar Subudhi Also directs: Jagannath Polypacks Limited, Jagannath Plastipacks Limited | Director | 24 Jul 1995 | 31 Years 3 Months | Current |
| Manoj Kumar Subudhi Also directs: Jagannath Polypacks Limited, Jagannath Plastipacks Limited | Managing Director | 24 Jul 1995 | 31 Years 3 Months | Current |
Peer comparison
Jagannath Polymers Limited is compared with the 7 companies closest to it by revenue in the Packaging industry (Polymers, Woven Products), 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 |
|---|---|---|---|---|---|---|
| Daga Polypack Private Limited | ₹22.98 Cr (FY 2024) | 13.0% | Jodhpur, Rajasthan, India | |||
| Mukesh Garments Private Limited | ₹22.85 Cr (FY 2025) | -28.0% | New Delhi, Delhi, India | |||
| Silk Woven Sack Private Limited | ₹22.84 Cr (FY 2025) | -33.0% | Bedi, Gujarat, India | |||
| Jagannath Polymers Limitedthis company | ₹22.84 Cr (FY 2023) | ₹18 Lakh | 0.8% | -14.0% | 22 | Jagatpur, Odisha, India |
| Argus Polymers Private Ltd | ₹22.65 Cr (FY 2024) | 20.0% | New Delhi, Delhi, India | |||
| Santi Polyfab (India) Private Limited | ₹22.59 Cr (FY 2024) | 0.0% | Burdwan, West Bengal, India | |||
| M. L. International Polymers Private Limited | ₹22.58 Cr (FY 2025) | 0.0% | Sunam, Punjab, India | |||
| Synergy Polymers (India) Private Limited | ₹22.54 Cr (FY 2024) | 7.0% | Gummidipoondi, Tamil Nadu, India |
To see the full peer comparison of Jagannath Polymers Limited, buy the company report.
Auditor
Jagannath Polymers Limited is audited by B.N. MISRA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.N. MISRA & CO. | FY 2023 | 321095E |
Shareholding
The shareholding of Jagannath Polymers 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 Jagannath Polymers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2019 | 100291888 | Canara Bank | ₹11.11 Cr | Open | |
| 08 Sep 2017 | 100126220 | State Bank of India | ₹3.64 Cr | Open | |
| 29 Dec 2014 | 10545252 | Others | ₹6.72 Cr | Open | |
| 29 Dec 2014 | 10545344 | Others | ₹15.28 Cr | Open | |
| 29 Dec 2014 | 10545253 | Canara Bank | ₹6 Cr | Satisfied |
To see the full charge records of Jagannath Polymers Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Jagannath Polymers Limited has 18 court cases on record: 3 filed by Jagannath Polymers, 15 filed against it. 6 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 9 | 3 |
| High courts | 7 | 6 | 3 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Prabhupoly Colorltd | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by M/S East India Polyfilms Private Limited | Pending |
| District court, Cuttack, Odisha | Court case (CRLMC) | Filed against the company by Canara Bank | Disposed |
| District court, Khurda, Odisha | Arbitration matter | Filed by the company against Indian Oil Corporation Limited and Others | Disposed |
| High Court of Orissa | Writ petition | Filed against the company | Pending |
To see the full case history of Jagannath Polymers 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.
Credit ratings & regulatory alerts
Jagannath Polymers Limited was last rated by Care on 28 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Sep 2021 |
To see the full credit ratings and regulatory alerts of Jagannath Polymers Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jagannath Polymers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Jagannath Polymers has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Jagannath Polymers Limited has a workforce of 22 employees on its EPFO records as of Jan 10, 2026, across 1 active EPFO establishment.
GST
Jagannath Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACJ5664L1ZI | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jagannath Polymers Limited, buy the company report.
Recent activity
Jagannath Polymers Limited has 7 board changes on record since 1995: 3 appointments and 4 cessations. The latest: Sourav Sekhar was appointed as Director on 30 Sep 2019.
22 earlier events are in the company report.
Frequently asked questions
Jagannath Polymers is an active public limited company based in Jagatpur, Odisha, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 24 July 1995 (31+ years old) and is registered under CIN U25201OR1995PLC004079.
Jagannath Polymers has 3 current directors:
- Manoj Kumar Subudhi - Managing Director
- Sourav Sekhar - Director
- Kshirod Kumar Subudhi - Director
The latest financial statements of Jagannath Polymers 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.
The GSTIN of Jagannath Polymers is 21AAACJ5664L1ZI, registered in Odisha.
The CIN (Corporate Identification Number) of Jagannath Polymers is U25201OR1995PLC004079. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jagannath Polymers has 18 court cases on record: 3 filed by the company and 15 filed against it. 6 are pending. Most are in the district courts.
Jagannath Polymers was incorporated on 24 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Jagannath Polymers by revenue are Daga Polypack Private Limited, Mukesh Garments Private Limited, Silk Woven Sack Private Limited, Argus Polymers Private Ltd, Santi Polyfab (India) Private Limited and 2 more, all in the Packaging industry (Polymers, Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Sourav Sekhar was appointed as Director on 30 Sep 2019. Saroj Kumar Subudhi ceased to be Director on 01 Sep 2019. Madhab Subudhi ceased to be Director on 09 Dec 2015. Jagannath Polymers has 7 board changes on record in total.
Jagannath Polymers can be reached through the website jagannathgroup.com. Its registered office is in Jagatpur, Odisha, India.
The registered office of Jagannath Polymers is at Idco Shed No – Ts – 336 37 48 & 49 Gopinathpur Mouza Champati Grampanchaya, T, Jagatpur, Odisha, India – 754021.
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