About Laxmipati Engineering Works Limited
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Laxmipati Engineering Works Limited is a public limited company based in Surat, Gujarat, India. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 07 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L35111GJ2012PLC068922. Its GSTIN is 24AARCS1208E1ZL (Gujarat). Its shares are listed on BSE: 537669.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.75 Cr. It was formerly known as Si. Vi. Shipping Corporation Private Limited and Si. Vi. Shipping Corporation Limited. It is led by directors including Sanjaykumar Govindprasad Sarawagi and Manoj Govindprasad Sarawagi.
Its last annual general meeting (AGM) was held on 17 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 25 Central Park, Surat, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹71.99 Cr, a growth of 43.7% compared to the previous year. For the same year it recorded a net loss of ₹80 Lakh (net margin -1.1%) and EBITDA of ₹12.59 Cr (EBITDA margin 17.5%). The net worth stands at ₹35.61 Cr (up 315.5% YoY). Total assets are valued at ₹53.59 Cr (down 1.9% YoY).
The company has about 152 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹42.7 Cr and satisfied charges of ₹1 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 sivishipping.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressOffice Block First Floor Pl. No.237/2 & 3 Sub Pl.No.A/25 Central Park Soc. G.I.D.C, Pandesara, Surat, Gujarat, India – 394221
- IndustryTransport and Logistics, Shipbuilding & Repair Services
- 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
Name History of Laxmipati Engineering Works Limited
Laxmipati Engineering Works has undergone 4 name changes throughout its history. The current legal name is Laxmipati Engineering Works Limited.
| Company Name | Status |
|---|---|
| Laxmipati Engineering Works Limited | Current |
| Si. Vi. Shipping Corporation Private Limited | Previous |
| Si. Vi. Shipping Corporation Limited | Previous |
| Siddhi Vinayak Shipping Corporation Limited | Previous |
| L. P. Naval And Engineering Limited | Previous |
CIN History of Laxmipati Engineering Works Limited
Laxmipati Engineering Works has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L35111GJ2012PLC068922, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L35111GJ2012PLC068922 | Current |
| U35111GJ2012PTC068922 | Previous |
| U35111GJ2012PLC068922 | Previous |
Business Activity of Laxmipati Engineering Works Limited
The main business activity of Laxmipati Engineering Works is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | 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.
Auditor Details of Laxmipati Engineering Works Limited
Laxmipati Engineering Works Limited is audited by RPR & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RPR & Co. | 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 Laxmipati Engineering Works Limited
Laxmipati Engineering Works has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjaykumar Govindprasad Sarawagi Also directs: Wintex Mills Private Limited, Laxmipati Apparel Private Limited, Siddhi Vinayak Knots & Prints Private Limited and 5 more | Director | 07 Feb 2012 | 14 Years 7 Months | Current |
| Manoj Govindprasad Sarawagi Also directs: S.V. Plantations Private Limited, Wintex Mills Private Limited, Laxmipati Apparel Private Limited and 5 more | Director | 07 Feb 2012 | 14 Years 7 Months | Current |
| Rakesh Govindprasad Sarawagi Also directs: S.V. Plantations Private Limited, Wintex Mills Private Limited, Laxmipati Apparel Private Limited and 5 more | Director | 07 Feb 2012 | 14 Years 7 Months | Current |
| Sheetal Ashok Tayal | Director | 21 Jul 2022 | 4 Years 2 Months | Current |
| Amitkumar Vijaykumarji Khemani Also directs: Khemani Distributors & Marketing Limited, Bsas Infotech Limited, Stepup Arogyam India Private Limited and 1 more | Director | 20 Jun 2025 | 1 Years 3 Months | Current |
| Ashok Keshavdev Varshney | Director | 10 Jan 2025 | 1 Years 8 Months | Current |
Financials of Laxmipati Engineering Works Limited FY 2025-26 filings available
Laxmipati Engineering Works Limited reported revenue of ₹71.99 Cr (up 43.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 71.99 | 50.09 | 40.25 | 15.20 | 27.98 | 18.75 | 20.85 |
| Revenue growth | +43.7% | +24.5% | +164.8% | -45.7% | +49.2% | -10.1% | - |
| EBITDA | 12.59 | 10.08 | 5.87 | (0.31) | 4.16 | (4.70) | 3.25 |
| EBITDA margin | +17.5% | +20.1% | +14.6% | -2.0% | +14.9% | -25.1% | +15.6% |
| Profit before tax | 32.78 | 4.68 | 0.93 | (4.44) | 0.47 | (6.77) | 2.10 |
| Net profit | (0.80) | 6.51 | 0.76 | (4.73) | 0.22 | (6.59) | 1.69 |
| Net profit margin | -1.1% | +13.0% | +1.9% | -31.1% | +0.8% | -35.2% | +8.1% |
| EPS (₹) | 47.00 | 11.30 | 1.35 | (8.22) | 0.39 | (11.60) | 2.95 |
| Balance sheet | |||||||
| Total assets | 53.59 | 54.65 | 42.95 | 39.57 | 37.45 | 31.11 | 25.48 |
| Net worth | 35.61 | 8.57 | 2.07 | 1.30 | 6.02 | 5.80 | 12.47 |
| Total debt | 16.64 | 45.12 | 40.11 | 37.69 | 30.73 | 24.55 | 12.58 |
| Cash & bank | 0.02 | 0.04 | 0.06 | 0.03 | 0.18 | 0.45 | 0.48 |
| Net working capital | 23.85 | 19.32 | 11.42 | 7.92 | 5.53 | 6.67 | 6.47 |
| Cash flow | |||||||
| Cash from operations | 5.20 | 2.38 | 2.66 | (3.38) | 4.92 | (4.76) | 2.36 |
| Cash from investing | 25.72 | (3.16) | (1.21) | (0.63) | (8.56) | (5.62) | (2.55) |
| Cash from financing | (30.94) | 0.77 | (1.42) | 3.86 | 3.37 | 10.35 | 0.12 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 71.99 | 50.09 | 40.25 | 15.20 | 27.98 | 18.75 | 20.85 |
| Revenue growth | +43.7% | +24.5% | +164.8% | -45.7% | +49.2% | -10.1% | - |
| Other income | 24.06 | 0.05 | 0.09 | 0.06 | 0.04 | 0.00 | 0.02 |
| Total expenses | 59.40 | 40.01 | 34.38 | 15.51 | 23.82 | 23.45 | 17.60 |
| Employee cost | 16.02 | 12.84 | 10.17 | 9.45 | 15.06 | 15.51 | 14.24 |
| EBITDA | 12.59 | 10.08 | 5.87 | (0.31) | 4.16 | (4.70) | 3.25 |
| EBITDA margin | +17.5% | +20.1% | +14.6% | -2.0% | +14.9% | -25.1% | +15.6% |
| Depreciation | 1.41 | 1.22 | 1.18 | 1.10 | 0.91 | 0.46 | 0.39 |
| Interest | 2.46 | 4.23 | 3.85 | 3.09 | 2.82 | 1.61 | 0.78 |
| Profit before tax | 32.78 | 4.68 | 0.93 | (4.44) | 0.47 | (6.77) | 2.10 |
| Tax | 5.75 | (1.83) | 0.16 | 0.29 | 0.25 | (0.10) | 0.40 |
| Net profit | (0.80) | 6.51 | 0.76 | (4.73) | 0.22 | (6.59) | 1.69 |
| Net profit margin | -1.1% | +13.0% | +1.9% | -31.1% | +0.8% | -35.2% | +8.1% |
| EPS (₹) | 47.00 | 11.30 | 1.35 | (8.22) | 0.39 | (11.60) | 2.95 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 |
| Reserves & surplus | 29.86 | 2.82 | (3.68) | (4.45) | 0.27 | 0.05 | 6.72 |
| Shareholders' funds (net worth) | 35.61 | 8.57 | 2.07 | 1.30 | 6.02 | 5.80 | 12.47 |
| Secured loans | 8.97 | 6.08 | 8.14 | 8.16 | 5.42 | 0.00 | 0.20 |
| Unsecured loans | 7.67 | 39.04 | 31.97 | 29.53 | 25.31 | 24.55 | 12.38 |
| Total debt | 16.64 | 45.12 | 40.11 | 37.69 | 30.73 | 24.55 | 12.58 |
| Total liabilities | 53.59 | 54.65 | 42.95 | 39.57 | 37.45 | 31.11 | 25.48 |
| Assets | |||||||
| Gross block | 30.61 | 37.44 | 34.94 | 33.54 | 27.75 | 19.11 | 16.80 |
| Net block | 23.27 | 31.51 | 30.23 | 29.84 | 25.14 | 17.41 | 15.56 |
| Capital work in progress | 6.93 | 1.59 | 1.59 | 1.59 | 6.75 | 6.82 | 3.51 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 17.83 | 13.17 | 9.59 | 7.89 | 2.93 | 3.77 | 1.13 |
| Sundry debtors | 15.68 | 9.96 | 3.16 | 3.18 | 4.04 | 6.56 | 6.51 |
| Cash & bank balances | 0.02 | 0.04 | 0.06 | 0.03 | 0.18 | 0.45 | 0.48 |
| Loans & advances | 0.37 | 1.05 | 1.21 | 0.36 | 1.05 | 0.38 | 0.64 |
| Total current assets | 33.90 | 24.22 | 14.02 | 11.46 | 8.20 | 11.16 | 8.76 |
| Total current liabilities | 10.05 | 4.90 | 2.60 | 3.54 | 2.67 | 4.49 | 2.29 |
| Net working capital | 23.85 | 19.32 | 11.42 | 7.92 | 5.53 | 6.67 | 6.47 |
| Total assets | 53.59 | 54.65 | 42.95 | 39.57 | 37.45 | 31.11 | 25.48 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.04 | 0.06 | 0.03 | 0.18 | 0.45 | 0.48 | 0.55 |
| Net cash from operating activities | 5.20 | 2.38 | 2.66 | (3.38) | 4.92 | (4.76) | 2.36 |
| Net cash from investing activities | 25.72 | (3.16) | (1.21) | (0.63) | (8.56) | (5.62) | (2.55) |
| Net cash from financing activities | (30.94) | 0.77 | (1.42) | 3.86 | 3.37 | 10.35 | 0.12 |
| Net change in cash | (0.02) | (0.02) | 0.03 | (0.15) | (0.27) | (0.03) | (0.07) |
| Closing cash | 0.02 | 0.04 | 0.06 | 0.03 | 0.18 | 0.45 | 0.48 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +43.7% | +24.5% | +164.8% | -45.7% | +49.2% | -10.1% | - |
| EBITDA growth | +24.9% | +71.7% | +1993.6% | -107.5% | +188.5% | -244.6% | - |
| PBT growth | +600.4% | +403.2% | +9998.0% | - | +9998.0% | - | +69.4% |
| Net income growth | -112.3% | +756.6% | +116.1% | -2250.0% | +103.3% | -489.9% | - |
| Revenue CAGR (3Y) | +67.9% | +21.4% | +29.0% | -10.0% | +35.3% | +161.4% | +109.7% |
| EBITDA CAGR (3Y) | - | +34.3% | - | - | +27.7% | +82.0% | +110.2% |
| Profitability & leverage | |||||||
| Net income margin | +37.6% | +13.0% | +1.9% | -31.1% | +0.8% | -35.6% | +8.2% |
| Return on capital employed | +21.1% | +16.7% | +10.6% | 0.0% | +9.1% | 0.0% | +11.9% |
| Return on net worth | -3.5% | +65.9% | +14.0% | 0.0% | +2.9% | 0.0% | +14.6% |
| Debt / equity | 1.40 | 8.01 | 23.09 | 9.35 | 4.68 | 2.03 | 1.04 |
| Long-term debt / equity | 1.07 | 6.97 | 20.05 | 8.51 | 4.56 | 2.02 | 1.04 |
| Interest cover | 22.00 | 47.74 | 82.09 | -219.15 | 86.77 | -31.20 | 27.27 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.12 | 1.38 | 1.18 | 0.50 | 1.19 | 1.04 | 1.26 |
| Inventory turnover | 4.64 | 4.40 | 4.61 | 2.81 | 8.35 | 7.65 | 22.06 |
| Debtors turnover | 5.62 | 7.64 | 12.70 | 4.21 | 5.28 | 2.87 | 3.36 |
| EPS (₹) | 47.00 | 11.30 | 1.35 | (8.22) | 0.39 | (11.60) | 2.95 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 61.91 | 14.90 | 3.60 | 2.26 | 10.47 | 10.08 | 21.68 |
Shareholding Pattern of Laxmipati Engineering Works Limited
Shareholding for the quarter ended Sep 2026: promoters hold 73.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 26.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 73.40% | 73.40% | 73.40% | 73.40% |
| Public | 26.60% | 26.60% | 26.60% | 26.60% |
Charges & Borrowings of Laxmipati Engineering Works Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Apr 2021 | Hdfc Bank Limited | ₹42.7 Cr | Open |
| 08 Feb 2013 | Union Bank of India | ₹30 Lakh | Satisfied |
| 08 Feb 2013 | Union Bank of India | ₹70 Lakh | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Laxmipati Engineering Works Limited
Laxmipati Engineering Works Limited has a workforce of 152 employees as of Apr 03, 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
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GST Compliance of Laxmipati Engineering Works Limited
Laxmipati Engineering Works has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AARCS1208E1ZL | Gujarat | Active | 01 Jul 2017 |
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
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- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Laxmipati Engineering Works 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
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MSME Payment Delays by Laxmipati Engineering Works Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Laxmipati Engineering Works Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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MCA Filings & Documents of Laxmipati Engineering Works 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
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- Complete filing index
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Recent Activity on Laxmipati Engineering Works Limited
Frequently Asked Questions about Laxmipati Engineering Works Limited
Laxmipati Engineering Works is an active public limited company based in Surat, Gujarat, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 07 February 2012 (14+ years old) and is registered under CIN L35111GJ2012PLC068922. Listed on BSE: 537669.
Laxmipati Engineering Works reported revenue of ₹71.99 Cr for FY 2025-26 (up 43.7% YoY) based on standalone financials.
Laxmipati Engineering Works has 6 current directors:
- Sanjaykumar Govindprasad Sarawagi - Director
- Manoj Govindprasad Sarawagi - Director
- Rakesh Govindprasad Sarawagi - Director
- Sheetal Ashok Tayal - Director
- Amitkumar Vijaykumarji Khemani - Director
- Ashok Keshavdev Varshney - Director
The GSTIN of Laxmipati Engineering Works is 24AARCS1208E1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Laxmipati Engineering Works is L35111GJ2012PLC068922. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Laxmipati Engineering Works is listed on BSE with code 537669.
Laxmipati Engineering Works was incorporated on 07 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Laxmipati Engineering Works can be reached through the website sivishipping.com. Its registered office is in Surat, Gujarat, India.
The registered office of Laxmipati Engineering Works is at Office Block First Floor Pl. No.2372 & 3 Sub Pl.No.A25 Central Park Soc. G.I.D.C, Pandesara, Surat, Gujarat, India – 394221.