Lucid Colloids Limited

Lucid Colloids Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U24311MH1996PLC099800 Incorporated 23 May 1996 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company chemicals and materials
Data last updated
Revenue · FY 2025
₹267.85 Cr
▲ 5% YoY
Net profit · FY 2025
₹10.61 Cr
Net margin 4%
EBITDA · FY 2025
₹38.02 Cr
EBITDA margin 14.2%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹5.5 Cr
Issued & subscribed
Open charges
₹305.06 Cr
Satisfied ₹439.58 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
240
Provident fund records

About Lucid Colloids Limited

Data last updated:

Lucid Colloids Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 23 May 1996 and has been in existence for over 30 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24311MH1996PLC099800. Its GSTIN is 27AAACL2673B1ZU (Maharashtra). The company holds 7 GST registrations, of which 4 are active.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.5 Cr. It was formerly known as Lucid Colloids Private Limited. It is led by directors including Uday Chaturbhuj Merchant (Managing Director) and Paolomi Uday Merchant (Whole-Time Director).

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 401 Navbharat Estateszakaria Bunder Road Sewri (W), Mumbai, Maharashtra, India – 400015.

As per the financials filed for FY 2025, the company reported a revenue of ₹267.85 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹10.61 Cr (net margin 4%) and EBITDA of ₹38.02 Cr (EBITDA margin 14.2%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 6% over five years.

The company has about 240 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: QMSIL and Lucid Colloids. As per MCA filings, the company has open charges of ₹305.06 Cr and satisfied charges of ₹439.58 Cr on record. Court records list 67 cases involving the company, including 44 filed by the company and 22 filed against it; 3 cases are pending. The company has 11 deals on record (10 secondary share transfers, 1 funding round), with disclosed funding of ₹75 Cr; the latest was in March 2019. Its 10 peer companies in the Chemicals industry (Specialty Chemicals) are compared by revenue, 5 larger and 5 smaller; the largest is Maruti Bitumen Private Limited with revenue of ₹278.27 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 403 overdue payments to 110 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lucidcolloids.com.

Company Details of Lucid Colloids Limited
CIN U24311MH1996PLC099800
Registration Number 099800
Incorporation Date 23 May 1996
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Uday Chaturbhuj Merchant Managing Director Paolomi Uday Merchant Whole-Time Director Shailaja Uday Merchant Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    lucidcolloids.com
  • Social Media
    Locked
  • Registered Address
    401 Navbharat Estateszakaria Bunder Road Sewri (W), Mumbai, Maharashtra, India – 400015
  • Industry
    Chemicals and Materials, Specialty Chemicals
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Financials, compliance, directors, charges, ownership and filings for Lucid Colloids Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Lucid Colloids Limited

The main business activity of Lucid Colloids is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Financials of Lucid Colloids Limited FY 2025 filings available

Lucid Colloids Limited reported revenue of ₹267.85 Cr (up 5% YoY) for FY 2025.

Revenue · FY 2025
₹267.85 Cr ▲ 5%
Net profit · FY 2025
₹10.61 Cr margin 4%
EBITDA · FY 2025
₹38.02 Cr margin 14.2%

Compounded Annual Growth Rate (CAGR) of Lucid Colloids Limited

Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 16%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 27%
5 years · compounded
▲ 31%

Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 5% growth in the latest year. EBITDA fell 21% 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 Lucid Colloids Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹38.02 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹10.61 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 Lucid Colloids Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin14.2%••••••••••••••••
Net Profit Margin4%••••••••••••••••
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 Lucid Colloids are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Peer Comparison of Lucid Colloids Limited

Lucid Colloids Limited is compared with the companies closest to it by revenue in the Chemicals industry (Specialty Chemicals). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Maruti Bitumen Private Limited₹278.27 Cr (FY 2025)••••••••-30.0%••••Ahmedabad, Gujarat, India
Spak Orgochem (India) Private Limited₹275.34 Cr (FY 2024)••••••••46.0%••••Mumbai, Maharashtra, India
Hindusthan Speciality Chemicals Limited₹274.68 Cr (FY 2025)••••••••-8.0%••••Gurgaon, Haryana, India
Sodium Metal Pvt Ltd₹273.32 Cr (FY 2023)••••••••-11.0%••••Vadodara, Gujarat, India
Mysore Ammonia and Chemicals Limited₹270.01 Cr (FY 2025)••••••••-11.0%••••Mumbai, Maharashtra, India
Lucid Colloids Limited this company₹267.85 Cr (FY 2025)••••••••5.0%••••Mumbai, Maharashtra, India
Rhodia Specialty Chemicals India Private Limited₹267.03 Cr (FY 2017)••••••••8.0%••••Mumbai, Maharashtra, India
Melzer Chemicals Private Limited₹266.09 Cr (FY 2025)••••••••24.0%••••Pune, Maharashtra, India
Reagens India Polymer Additives Private Limited₹265.37 Cr (FY 2025)••••••••122.0%••••Vagra, Gujarat, India
Kairav Chemofarbe Industries Limited₹264.99 Cr (FY 2025)••••••••15.0%••••Mumbai, Maharashtra, India
Admark Polycoats Private Limited₹263.7 Cr (FY 2025)••••••••1.0%••••Vadodara, Gujarat, India

Peers are the five companies nearest above and the five nearest below Lucid Colloids by revenue in the Chemicals industry (Specialty Chemicals), 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 Lucid Colloids Limited

Lucid Colloids Limited is audited by For G. M. Kapadia & Co. for the financial year 2023.

NameStatusAppointment DateCessation Date
For G. M. Kapadia & Co.LockedLockedLocked
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Board of Directors and KMP of Lucid Colloids Limited

Lucid Colloids Limited currently reports 5 directors and 1 key managerial person. 9 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Uday Vasudeo ThakurdesaiDirector01 Sep 20233 Years 1 MonthsCurrent
Dineshchandra Babel
Also directs: Indergiri Finance Limited.
Director01 Sep 20233 Years 1 MonthsCurrent
Yogesh Vasantlal VazaCompany Secretary01 Apr 201313 Years 6 MonthsCurrent
Paolomi Uday MerchantWhole-Time Director08 Jun 20224 Years 4 MonthsCurrent
Uday Chaturbhuj Merchant
Also directs: Lucid Agro Private Limited
Managing Director23 May 199630 Years 4 MonthsCurrent
Shailaja Uday MerchantWhole-Time Director01 Apr 201412 Years 6 MonthsCurrent
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Ownership and Shareholding of Lucid Colloids Limited

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Charges & Borrowings of Lucid Colloids Limited

Open charges
₹305.06 Cr
Satisfied charges
₹439.58 Cr
Breakdown by lending institutions
International Finance Corporation₹94.73 Cr
Idbi Trusteeship Services Limited₹94.73 Cr
Axis Bank Limited₹40.00 Cr
Others₹38.11 Cr
Standard Chartered Bank₹20.50 Cr
Others₹17.00 Cr
Latest charge details
DateLenderAmountStatus
09 Sep 2025Others₹7.55 CrOpen
09 Sep 2025Others₹4.85 CrOpen
07 Aug 2025Standard Chartered Bank₹19 CrOpen
31 Jul 2025Standard Chartered Bank₹1.5 CrOpen
04 Apr 2025Others₹71.35 LakhOpen

Total charge records: 27 View all charges

Deals & Funding of Lucid Colloids Limited

Lucid Colloids Limited has 11 deals on record (10 secondary share transfers, 1 funding round), with disclosed funding of ₹75 Cr; the latest was in March 2019.

Total deals
11
Secondary share transfers
10
Funding round
1
Disclosed funding
₹75 Cr

Deals on record (5 of 11)

WhenDealAmountParties
Mar 2019Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2016Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Kum Design Private Limited , Lucid Technologies Private Limited, Uday C.Merchant HUF, an individual
Mar 2015Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 2 individuals
Sep 2014Funding round₹75 CrInvestors: International Finance Corporation
Mar 2014Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 2 individuals
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Full deal history

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Lucid Colloids Limited

Lucid Colloids Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 403 overdue payments to 110 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 110)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
Fitpack Textile Mills Limited••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
Dharmraj Enterprise Private Limited••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 13 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Associated Brands with Lucid Colloids Limited

Lucid Colloids operates two associated brands: QMSIL and Lucid Colloids. Each brand links to its own profile.

BrandDescriptionWebsite
QMSIL
Offers consulting, training, and inspections for quality standards, safety audits, and IT solutions.qmsil.co.in
Lucid Colloids
Natural and modified hydrocolloid derivatives are manufactured, marketed, and distributed.lucidcolloids.com

Employees and EPFO Compliance at Lucid Colloids Limited

Lucid Colloids Limited has a workforce of 240 employees as of Apr 05, 2024.

Employee count
240
Active EPFO establishments
2
Employee growth
-12.41%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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CIN History of Lucid Colloids Limited

Lucid Colloids has one previous CIN (Corporate Identification Number): L24311MH1996PLC099800. The current CIN is U24311MH1996PLC099800, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U24311MH1996PLC099800Current
L24311MH1996PLC099800Previous

News related to Lucid Colloids Limited

Recent Activity on Lucid Colloids Limited

Lucid Colloids Limited has 15 board changes on record since 1996: 6 appointments and 9 cessations. The latest: Dineshchandra Babel ceased to be Additional Director on 29 Sep 2023.

Charges
A charge registered on 25 Jan 2001 via Charge ID 90213664 with Others was fully satisfied on 31 Dec 2025.
AGM
Lucid Colloids Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Yes Bank Limited of Rs. 17.00 Cr registered on 27 Sep 2023 with Charge ID 100799359 was modified on 26 Sep 2025.
Charges
A charge with Others amounted to Rs. 7.55 Cr with Charge ID 101158003 was registered on 09 Sep 2025.
Charges
A charge with Others amounted to Rs. 4.85 Cr with Charge ID 101158005 was registered on 09 Sep 2025.
Charges
A charge registered on 17 Jun 2022 via Charge ID 100584891 with Hdfc Bank Limited was fully satisfied on 07 Sep 2025.
Charges
A charge registered on 27 Apr 2022 via Charge ID 100576892 with Hdfc Bank Limited was fully satisfied on 16 Aug 2025.
Charges
A charge with Standard Chartered Bank of Rs. 19.00 Cr registered on 07 Aug 2025 with Charge ID 101143001 was modified on 12 Aug 2025.
Charges
A charge with Standard Chartered Bank amounted to Rs. 19.00 Cr with Charge ID 101143001 was registered on 07 Aug 2025.
Charges
A charge with Axis Bank Limited of Rs. 36.00 Cr registered on 03 Dec 2022 with Charge ID 100655784 was modified on 06 Aug 2025.
Charges
A charge with Standard Chartered Bank amounted to Rs. 1.50 Cr with Charge ID 101142993 was registered on 31 Jul 2025.
Charges
A charge with Others of Rs. 25.00 Cr registered on 27 Aug 2024 with Charge ID 100989897 was modified on 30 Jun 2025.

59 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Lucid Colloids Limited

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Subsidiaries & Group Companies of Lucid Colloids Limited

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Corporate group structure

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GST Compliance of Lucid Colloids Limited

Lucid Colloids has 7 GST registrations: 4 active and 3 cancelled or inactive.

Total GSTINs
7
Active
4
Cancelled / inactive
3
GSTINStateStatusRegistered on
27AAACL2673B1ZUMaharashtraActive01 Jul 2017
27AAACL2673B2ZTMaharashtraActive01 Jan 2020
08AAACL2673B1ZURajasthanActive01 Jul 2017
24AAACL2673B1Z0GujaratActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Lucid Colloids Limited

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MCA filings and documents

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Frequently Asked Questions about Lucid Colloids Limited

Lucid Colloids is an active public limited company based in Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 23 May 1996 (30+ years old) and is registered under CIN U24311MH1996PLC099800.

Lucid Colloids reported revenue of ₹267.85 Cr for FY 2025 (up 5% YoY).

Lucid Colloids has 6 current directors and KMP:

Lucid Colloids reported a net profit of ₹10.61 Cr (net margin 4%) and EBITDA of ₹38.02 Cr (EBITDA margin 14.2%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Lucid Colloids is 16% over three years and 6% over five years. In the latest year (FY 2025) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Lucid Colloids is 27AAACL2673B1ZU, registered in Maharashtra. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAACL2673B2ZT (Maharashtra), 08AAACL2673B1ZU (Rajasthan), 24AAACL2673B1Z0 (Gujarat).

The CIN (Corporate Identification Number) of Lucid Colloids is U24311MH1996PLC099800. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Lucid Colloids has 67 court cases on record: 44 filed by the company and 22 filed against it. 3 are pending. Most are in the high courts.

Lucid Colloids was incorporated on 23 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.

Lucid Colloids has 11 deals on record (10 secondary share transfers, 1 funding round), with disclosed funding of ₹75 Cr; the latest was in March 2019.

The peers of Lucid Colloids by revenue are Maruti Bitumen Private Limited, Spak Orgochem (India) Private Limited, Hindusthan Speciality Chemicals Limited, Sodium Metal Pvt Ltd, Mysore Ammonia and Chemicals Limited and 5 more, all in the Chemicals industry (Specialty Chemicals).

Dineshchandra Babel ceased to be Additional Director on 29 Sep 2023. Uday Vasudeo Thakurdesai ceased to be Additional Director on 29 Sep 2023. Dineshchandra Babel was appointed as Director on 01 Sep 2023. Lucid Colloids has 15 board changes on record in total.

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