About Letic Vitrified Private Limited
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Letic Vitrified 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 05 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26990GJ2019PTC111235. Its GSTIN is 24AAECL0944K1ZJ (Gujarat).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹6 Cr. It is led by directors including Hasmukhbhai Narshibhai Ughareja and Mukeshbhai Narshibhai Ughareja.
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 Survey No. 84 8 – A National Highway Sartanpar Road At: Sartanpar Tal: Wankaner, Morbi, Gujarat, India – 363621.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.93 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹2.5 Cr (net margin -4.5%) and EBITDA of ₹1.86 Cr (EBITDA margin 3.3%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹31.54 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 1 case is pending. The company has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in March 2024. Its 10 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles) are compared by revenue, 5 larger and 5 smaller; the largest is Accord Plus Ceramics Private Limited with revenue of ₹56.79 Cr.
For more details, the company can be reached via its website letina.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSurvey No. 84 8 – A National Highway Sartanpar Road At: Sartanpar Tal: Wankaner, Morbi, Gujarat, India – 363621
- 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 Letic Vitrified Private Limited
The main business activity of Letic Vitrified 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 Letic Vitrified Private Limited FY 2025 filings available
Letic Vitrified Private Limited reported revenue of ₹55.93 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Letic Vitrified Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over three years, including a 6% fall in the latest year. EBITDA rose 26% 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 Letic Vitrified 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 | ₹1.86 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.5 Cr | •••• | •••• | •••• | •••• |
| 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 Letic Vitrified Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -4.5% | •••• | •••• | •••• | •••• |
| 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 Letic Vitrified are in the company report.
Financial statements from FY 2020
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 Letic Vitrified Private Limited
Letic Vitrified 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 |
|---|---|---|---|---|---|---|
| Accord Plus Ceramics Private Limited | ₹56.79 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Gujarat, India |
| Coral Plus Ceramic Private Limited | ₹56.78 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Lalpar, Gujarat, India |
| Polo Ceramics Private Limited | ₹56.69 Cr (FY 2016) | •••• | •••• | 5.0% | •••• | Mehsana, Gujarat, India |
| Plazma Granito Private Limited | ₹56.51 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Wankaner, Gujarat, India |
| Adison Granito Private Limited | ₹56.19 Cr (FY 2021) | •••• | •••• | 56.0% | •••• | Ahmedabad, Gujarat, India |
| Letic Vitrified Private Limited this company | ₹55.93 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Morbi, Gujarat, India |
| Trivedi Corp Private Limited | ₹55.85 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Ahmedabad, Gujarat, India |
| Sree Sudheer Ceramics Private Limited | ₹55.78 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Vijayawada, Andhra Pradesh, India |
| Surya Marbles Private Limited | ₹55.71 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Delhi, India |
| Tenax India Industrial Chemical Private Limited | ₹55.55 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Bengaluru, Karnataka, India |
| Sonata Ceramica Private Limited | ₹55.42 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Ta Himatnagar Sabarkantha, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Letic Vitrified 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 Letic Vitrified Private Limited
Letic Vitrified Private Limited is audited by V. N. SITAPARA & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V. N. SITAPARA & 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 Letic Vitrified Private Limited
Letic Vitrified has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hasmukhbhai Narshibhai Ughareja Also directs: Latigres Vitrified Private Limited | Director | 05 Dec 2019 | 6 Years 10 Months | Current |
| Mukeshbhai Narshibhai Ughareja Also directs: Latigres Vitrified Private Limited | Director | 05 Dec 2019 | 6 Years 10 Months | Current |
| Hiteshbhai Narshibhai Ughareja Also directs: Latigres Vitrified Private Limited | Director | 05 Dec 2019 | 6 Years 10 Months | Current |
Ownership and Shareholding of Letic Vitrified 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 Letic Vitrified Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jun 2020 | Hdfc Bank Limited | ₹31.54 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Letic Vitrified Private Limited
Letic Vitrified Private Limited has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in March 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jan 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Feb 2020 | Rights issue | ₹5.99 Cr | Investors: 4 individuals |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Letic Vitrified Private Limited
Letic Vitrified Private Limited has 5 court cases on record: 5 filed against it. 1 case is pending and 4 are disposed. Status as checked between 29 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 1 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Torrecid India Private Limited | Pending |
| District court, MORBI, Gujarat | Commercial matter | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (AGRMNT-LC) | Filed against the company by an individual | Disposed |
| District court, MORBI, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Letic Vitrified Private Limited
Letic Vitrified Private Limited has a workforce of 16 employees as of Apr 11, 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 Letic Vitrified Private Limited
Letic Vitrified Private Limited has 4 board changes on record since 2019: 4 appointments. The latest: Jeet Hasmukhbhai Ughareja was appointed as Director on 05 Jun 2023.
Credit Ratings, Litigation & Regulatory Alerts for Letic Vitrified 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.
MSME Payment Delays by Letic Vitrified Private 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
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Letic Vitrified 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 Letic Vitrified Private Limited
Letic Vitrified has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECL0944K1ZJ | Gujarat | Active | 01 Jan 2020 |
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 Letic Vitrified 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 Letic Vitrified Private Limited
Letic Vitrified 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 05 December 2019 (7+ years old) and is registered under CIN U26990GJ2019PTC111235.
Letic Vitrified reported revenue of ₹55.93 Cr for FY 2025 (down 6% YoY).
Letic Vitrified has 3 current directors:
- Hasmukhbhai Narshibhai Ughareja - Director
- Mukeshbhai Narshibhai Ughareja - Director
- Hiteshbhai Narshibhai Ughareja - Director
Letic Vitrified reported a net loss of ₹2.5 Cr (net margin -4.5%) and EBITDA of ₹1.86 Cr (EBITDA margin 3.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Letic Vitrified is -2% over three years. In the latest year (FY 2025) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Letic Vitrified is 24AAECL0944K1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Letic Vitrified is U26990GJ2019PTC111235. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Letic Vitrified has 5 court cases on record: 5 filed against it. 1 is pending.
Letic Vitrified was incorporated on 05 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Letic Vitrified has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in March 2024.
The peers of Letic Vitrified by revenue are Accord Plus Ceramics Private Limited, Coral Plus Ceramic Private Limited, Polo Ceramics Private Limited, Plazma Granito Private Limited, Adison Granito Private Limited and 5 more, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles).