MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-32-0000172
Locero Ceramic Private Limited - manufacturing in Morbi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹53.11 Cr
▼ 22% YoY
Net profit · FY 2025
₹74.22 Lakh
Net margin 1.4%
EBITDA · FY 2025
₹3.84 Cr
EBITDA margin 7.2%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹11 Cr
Issued & subscribed
Open charges
₹14.98 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
9
Provident fund records
About Locero Ceramic Private Limited
Data last updated:
Locero Ceramic 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 25 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2016PTC092180. Its GSTIN is 24AADCL0912E1Z5 (Gujarat).
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹11 Cr. It is led by directors including Amrutlal Thakarshi Likhiya and Jaykumar Dineshbhai Likhiya.
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. 216 At: Ratavirda Tal. Wankaner, Morbi, Gujarat, India – 363622.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.11 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹74.22 Lakh (net margin 1.4%) and EBITDA of ₹3.84 Cr (EBITDA margin 7.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Locero Ceramic. As per MCA filings, the company has open charges of ₹14.98 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 2 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in March 2024. Its 8 peer companies 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) are compared by revenue, 4 larger and 4 smaller; the largest is Shubh Tiles Private Limited with revenue of ₹53.6 Cr.
Locero Ceramic Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0000172). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website loceroceramic.com.
Company details
CIN U26933GJ2016PTC092180
Registration Number 092180
Incorporation Date 25 May 2016
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-32-0000172
Key People
Amrutlal Thakarshi Likhiya Director Jaykumar Dineshbhai Likhiya Director Vinod Ramjibhai Charola Director Recognitions & Rankings of Locero Ceramic
Contact details
Locero Ceramic Private Limited's registered office is in Morbi, Gujarat. Its website is loceroceramic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 216 At: Ratavirda Tal. Wankaner, Morbi, Gujarat, India – 363622
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Locero Ceramic Private Limited, buy the company report.
Comprehensive company report
Locero Ceramic 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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Secure checkout · GST invoice included
Brands
Locero Ceramic operates one associated brand: Locero Ceramic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of ceramic and vitrified tiles in India. | loceroceramic.com |
Business activity
The main business activities of Locero Ceramic are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and wholesale trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Locero Ceramic Private Limited, buy the company report.
Financials of Locero Ceramic Private Limited
FY 2025 filings availableLocero Ceramic Private Limited reported revenue of ₹53.11 Cr (down 22% YoY) for FY 2025.
Revenue · FY 2025
₹53.11 Cr ▼ 22%
Net profit · FY 2025
₹74.22 Lakh margin 1.4%
EBITDA · FY 2025
₹3.84 Cr margin 7.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 5%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▼ 15%
5 years · compounded
▼ 8%
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 2% 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 |
|---|---|---|---|---|---|
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| Other Income | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹3.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹74.22 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.2% | ||||
| Net Profit Margin | 1.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Locero Ceramic Private Limited, buy the company report.
Board of directors of Locero Ceramic Private Limited
Locero Ceramic has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amrutlal Thakarshi Likhiya | Director | 25 May 2016 | 10 Years 5 Months | Current |
| Jaykumar Dineshbhai Likhiya | Director | 20 Jun 2016 | 10 Years 4 Months | Current |
| Vinod Ramjibhai Charola | Director | 25 May 2016 | 10 Years 5 Months | Current |
| Dilipbhai Laljibhai Dalsania | Director | 25 May 2016 | 10 Years 5 Months | Current |
Peer comparison
Locero Ceramic Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Shubh Tiles Private Limited | ₹53.6 Cr (FY 2025) | -2.0% | Lakhdhirpur Road, Gujarat, India | |||
| Sunpark Granito Private Limited | ₹53.57 Cr (FY 2025) | -27.0% | Matel, Gujarat, India | |||
| Taurus Tiles Private Limited | ₹53.55 Cr (FY 2025) | 19.0% | Jashmatgadh, Gujarat, India | |||
| Fateh Stones International Private Limited | ₹53.51 Cr (FY 2024) | 6.0% | Bangalore, Karnataka, India | |||
| Locero Ceramic Private Limitedthis company | ₹53.11 Cr (FY 2025) | ₹74.22 Lakh | 1.4% | -22.0% | 9 | Morbi, Gujarat, India |
| Radon India Private Limited | ₹52.46 Cr (FY 2024) | 5.0% | Delhi, India | |||
| Siyaram Vitrified Private Limited | ₹52.46 Cr (FY 2025) | -29.0% | Jambudiya, Gujarat, India | |||
| Astila Ceramic Private Limited | ₹51.98 Cr (FY 2025) | -13.0% | Rangpar, Gujarat, India | |||
| Alliance Vitrified Private Limited | ₹51.94 Cr (FY 2025) | -28.0% | Lalpar, Gujarat, India |
To see the full peer comparison of Locero Ceramic Private Limited, buy the company report.
Auditor
Locero Ceramic Private Limited is audited by DILIP GAMI & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DILIP GAMI & ASSOCIATES | FY 2022 | 133415W |
Shareholding
The shareholding of Locero Ceramic Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Locero Ceramic Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14.98 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2016 | 100064967 | Indian Bank | ₹14.98 Cr | Open |
To see the full charge records of Locero Ceramic Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Locero Ceramic Private Limited has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in March 2024.
Total deals
6
Secondary share transfers
5
Rights issue
1
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Locero Ceramic Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Locero Ceramic Private Limited has 7 court cases on record: 5 filed by Locero Ceramic, 2 filed against it. 2 cases are pending and 5 are disposed.
Total cases
7
Filed by the company
5
Filed against the company
2
Pending
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
| District courts | 2 | 1 | 0 |
| Supreme Court | 2 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1503-Appeal Against Orders Of Statutory Bodies : Tribunals) | Filed against the company by M/S Radhe Renewable Energy Development Pvt. Ltd. Through Its Managing Director Factory and Office at Plot No. 2621/22, Gate No. 1, Road D/2, Lodhika Gidc, Kalawad Road, P.O. Metoda, Talyka-Lodhika , District: Rajkot ,Rajkot , Gujarat | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Indian Council of Ceramic Tiles and Sanitaryware and 4 others | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Assistant Commissioner of Income Tax, Circle Morbi | Pending |
| District court, RAJKOT, Gujarat | Court case (DST LC) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against The State of Gujarat Through the Secretary Sachivalaya , District: . ,Gandhinagar , Gujarat and 5 others | Disposed |
To see the full case history of Locero Ceramic Private 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
Locero Ceramic Private Limited was last rated by Crisil on 22 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 22 May 2020 |
To see the full credit ratings and regulatory alerts of Locero Ceramic Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Locero Ceramic Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Locero Ceramic Private Limited has a workforce of 9 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
-18.18%
GST
Locero Ceramic has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCL0912E1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Locero Ceramic Private Limited, buy the company report.
Recent activity
Locero Ceramic Private Limited has 7 board changes on record since 2016: 4 appointments and 3 cessations. The latest: Alpesh Gopalbhai Charola ceased to be Director on 11 Feb 2019.
AGM
Locero Ceramic Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Locero Ceramic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Indian Bank of Rs. 14.98 Cr registered on 15 Nov 2016 with Charge ID 100064967 was modified on 22 Mar 2024.
Ceased
Alpesh Gopalbhai Charola ceased to be Director.
Ceased
Alpesh Gopalbhai Charola ceased to be Director.
Ceased
Prakash Bhagvanjibhai Adroja ceased to be Director.
Charges
A charge with Indian Bank amounted to Rs. 14.98 Cr with Charge ID 100064967 was registered on 15 Nov 2016.
Appointed
Jaykumar Dineshbhai Likhiya was appointed as Director.
Appointed
Amrutlal Thakarshi Likhiya was appointed as Director.
Appointed
Dilipbhai Laljibhai Dalsania was appointed as Director.
Appointed
Vinod Ramjibhai Charola was appointed as Director.
Incorporation
25 May 2016
Locero Ceramic Private Limited was registered on 25 May 2016 with Roc Ahmedabad & aged 10 years 5 months as per MCA records.
Frequently asked questions
Locero Ceramic 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 25 May 2016 (10+ years old) and is registered under CIN U26933GJ2016PTC092180.
Locero Ceramic has 4 current directors:
- Amrutlal Thakarshi Likhiya - Director
- Jaykumar Dineshbhai Likhiya - Director
- Vinod Ramjibhai Charola - Director
- Dilipbhai Laljibhai Dalsania - Director
The latest financial statements of Locero Ceramic 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 FY 2017 are in the company report.
The GSTIN of Locero Ceramic is 24AADCL0912E1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Locero Ceramic is U26933GJ2016PTC092180. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Locero Ceramic has 7 court cases on record: 5 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Locero Ceramic was incorporated on 25 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Locero Ceramic has 6 deals on record (5 secondary share transfers, 1 rights issue); the latest was in March 2024.
The peers of Locero Ceramic by revenue are Shubh Tiles Private Limited, Sunpark Granito Private Limited, Taurus Tiles Private Limited, Fateh Stones International Private Limited, Radon India Private Limited and 3 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).
Alpesh Gopalbhai Charola ceased to be Director on 11 Feb 2019. Alpesh Gopalbhai Charola ceased to be Director on 11 Feb 2019. Prakash Bhagvanjibhai Adroja ceased to be Director on 11 Feb 2019. Locero Ceramic has 7 board changes on record in total.
Yes, Locero Ceramic is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-32-0000172).