- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-10-0002504

About Marvel Decor Limited
Data last updated:
Marvel Decor Limited is a public limited company based in Jamnagar, Gujarat, India. It operates in the home furnishings and accessories retail segment of the home and lifestyle products sector. It was incorporated on 04 October 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L18109GJ1996PLC030870. Its GSTIN is 24AADCA2345N1ZQ (Gujarat). It is a listed company as per MCA records. Its shares are listed on NSE: MDL.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹17.74 Cr. It was formerly known as Accumax Interior Products Private Limited and Marvel Decor Private Limited. It is led by directors including Ashok Ramniklal Paun (Managing Director) and Dipti Paun.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No 211 GIDC Phase II Dared, Jamnagar, Gujarat, India – 361004.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹68.47 Cr, a growth of 8.5% compared to the previous year. For the same year it recorded a net profit of ₹4.47 Cr (net margin 6.5%) and EBITDA of ₹4.72 Cr (EBITDA margin 6.9%). The net worth stands at ₹66.32 Cr (up 5.9% YoY). Total assets are valued at ₹87.68 Cr (up 12% YoY).
The company has about 96 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Marvel Decor. As per MCA filings, the company has open charges of ₹20.56 Cr and satisfied charges of ₹45.16 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 3 cases are pending. The company has 12 deals on record (11 market trades, 1 ipo); the latest was in July 2026.
Marvel Decor Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-10-0002504). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marvellifestyle.com.
Company details
Name history
Marvel Decor has undergone 2 name changes throughout its history. The company was previously known as Accumax Interior Products Private Limited, and Marvel Decor Private Limited. The current legal name is Marvel Decor Limited.
| Company Name | Status |
|---|---|
| Marvel Decor Limited | Current |
| Accumax Interior Products Private Limited | Previous |
| Marvel Decor Private Limited | Previous |
CIN history
Marvel Decor has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L18109GJ1996PLC030870, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L18109GJ1996PLC030870 | Current |
| U18109GJ1996PLC030870 | Previous |
| U18109GJ1996PTC030870 | Previous |
Recognitions & Rankings of Marvel Decor
Contact details
Marvel Decor Limited's registered office is in Jamnagar, Gujarat. Its website is marvellifestyle.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 211 GIDC Phase II Dared, Jamnagar, Gujarat, India – 361004
- IndustryHome & Lifestyle, Home Furnishings & Accessories Retail
To see the full contact details of Marvel Decor 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
Brands
Marvel Decor operates one associated brand: Marvel Decor. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Home interior products including blinds and curtain rods are supplied. | marvellifestyle.com |
Financials of Marvel Decor Limited
FY 2025-26 filings availableMarvel Decor Limited reported revenue of ₹68.47 Cr (up 8.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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 | 68.47 | 63.11 | 53.43 | 49.67 | 41.22 | 27.85 | 29.55 |
| Revenue growth | +8.5% | +18.1% | +7.6% | +20.5% | +48.0% | -5.8% | - |
| EBITDA | 4.72 | 6.34 | 6.13 | 3.20 | 3.72 | 2.81 | 4.28 |
| EBITDA margin | +6.9% | +10.1% | +11.5% | +6.4% | +9.0% | +10.1% | +14.5% |
| Profit before tax | 4.95 | 4.23 | 3.58 | 2.57 | 1.78 | 0.23 | 1.60 |
| Net profit | 4.47 | 3.91 | 3.20 | 2.05 | 1.33 | 0.06 | 0.27 |
| Net profit margin | +6.5% | +6.2% | +6.0% | +4.1% | +3.2% | +0.2% | +0.9% |
| EPS (₹) | 2.45 | 2.16 | 1.89 | 1.19 | 0.78 | 0.02 | 0.16 |
| Balance sheet | |||||||
| Total assets | 87.68 | 78.32 | 65.01 | 61.43 | 57.01 | 55.61 | 56.59 |
| Net worth | 66.32 | 62.61 | 50.77 | 47.60 | 45.32 | 43.83 | 43.73 |
| Total debt | 21.36 | 15.71 | 14.24 | 13.83 | 11.11 | 11.13 | 11.22 |
| Cash & bank | 0.77 | 1.23 | 0.48 | 0.42 | 0.29 | 1.33 | 0.21 |
| Net working capital | 65.04 | 58.87 | 48.21 | 42.96 | 38.13 | 37.48 | 37.26 |
| Cash flow | |||||||
| Cash from operations | (0.66) | (4.56) | (0.47) | (0.68) | 1.86 | 3.17 | 2.57 |
| Cash from investing | (5.46) | (4.17) | 0.12 | (1.33) | (2.73) | (1.01) | (4.52) |
| Cash from financing | 5.66 | 9.48 | 0.41 | 2.14 | (0.17) | (1.04) | 1.11 |
| 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 | 36.77 | 32.99 | 29.17 | 27.96 | 26.31 | 21.53 | 29.08 |
| Revenue growth | +11.5% | +13.1% | +4.3% | +6.3% | +22.2% | -26.0% | - |
| EBITDA | 1.99 | 3.09 | 3.55 | 1.75 | 2.70 | 2.84 | 4.67 |
| EBITDA margin | +5.4% | +9.4% | +12.2% | +6.3% | +10.3% | +13.2% | +16.1% |
| Profit before tax | 2.41 | 1.56 | 1.49 | 1.41 | 1.25 | 0.39 | 3.34 |
| Net profit | 1.81 | 1.16 | 1.11 | 1.11 | 1.03 | 0.24 | 2.44 |
| Net profit margin | +4.9% | +3.5% | +3.8% | +4.0% | +3.9% | +1.1% | +8.4% |
| EPS (₹) | 1.01 | 0.66 | 0.65 | 0.65 | 0.61 | 0.14 | 1.44 |
| Balance sheet | |||||||
| Total assets | 80.22 | 73.42 | 62.72 | 62.18 | 58.36 | 57.25 | 57.20 |
| Net worth | 59.72 | 58.55 | 49.41 | 48.35 | 47.25 | 46.22 | 45.98 |
| Total debt | 20.51 | 14.86 | 13.31 | 13.83 | 11.11 | 11.03 | 11.22 |
| Cash & bank | 0.16 | 0.55 | 0.19 | 0.07 | 0.08 | 0.43 | 0.17 |
| Net working capital | 43.54 | 40.73 | 32.23 | 30.81 | 32.89 | 36.66 | 36.36 |
| Cash flow | |||||||
| Cash from operations | (3.32) | (3.32) | 1.19 | 7.74 | 5.82 | (0.41) | 4.15 |
| Cash from investing | (2.76) | (3.85) | (0.74) | (7.65) | (6.25) | (0.94) | (5.03) |
| Cash from financing | 5.69 | 7.53 | (0.32) | (0.10) | 0.08 | 1.61 | 0.42 |
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 | 68.47 | 63.11 | 53.43 | 49.67 | 41.22 | 27.85 | 29.55 |
| Revenue growth | +8.5% | +18.1% | +7.6% | +20.5% | +48.0% | -5.8% | - |
| Other income | 3.74 | 1.14 | 0.74 | 2.78 | 1.59 | 0.86 | 0.94 |
| Total expenses | 63.75 | 56.77 | 47.30 | 46.47 | 37.50 | 25.04 | 25.27 |
| Employee cost | 13.40 | 10.58 | 8.52 | 7.58 | 6.29 | 3.25 | 2.76 |
| EBITDA | 4.72 | 6.34 | 6.13 | 3.20 | 3.72 | 2.81 | 4.28 |
| EBITDA margin | +6.9% | +10.1% | +11.5% | +6.4% | +9.0% | +10.1% | +14.5% |
| Depreciation | 2.03 | 1.72 | 1.71 | 1.90 | 1.97 | 2.14 | 2.29 |
| Interest | 1.48 | 1.53 | 1.58 | 1.51 | 1.56 | 1.30 | 1.33 |
| Profit before tax | 4.95 | 4.23 | 3.58 | 2.57 | 1.78 | 0.23 | 1.60 |
| Tax | 0.60 | 0.40 | 0.37 | 0.31 | 0.22 | 0.15 | 0.90 |
| Net profit | 4.47 | 3.91 | 3.20 | 2.05 | 1.33 | 0.06 | 0.27 |
| Net profit margin | +6.5% | +6.2% | +6.0% | +4.1% | +3.2% | +0.2% | +0.9% |
| EPS (₹) | 2.45 | 2.16 | 1.89 | 1.19 | 0.78 | 0.02 | 0.16 |
| 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 | 17.74 | 17.74 | 17.04 | 17.04 | 17.04 | 17.04 | 17.04 |
| Reserves & surplus | 48.58 | 44.87 | 33.73 | 30.56 | 28.28 | 26.79 | 26.69 |
| Shareholders' funds (net worth) | 66.32 | 62.61 | 50.77 | 47.60 | 45.32 | 43.83 | 43.73 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.58 | 0.65 | 1.64 |
| Secured loans | 15.36 | 14.92 | 13.84 | 13.76 | 11.11 | 11.13 | 11.20 |
| Unsecured loans | 6.00 | 0.79 | 0.40 | 0.07 | 0.00 | 0.00 | 0.02 |
| Total debt | 21.36 | 15.71 | 14.24 | 13.83 | 11.11 | 11.13 | 11.22 |
| Total liabilities | 87.68 | 78.32 | 65.01 | 61.43 | 57.01 | 55.61 | 56.59 |
| Assets | |||||||
| Gross block | 38.45 | 35.09 | 31.20 | 28.98 | 27.82 | 26.43 | 26.93 |
| Net block | 18.83 | 16.80 | 14.54 | 15.65 | 15.85 | 15.94 | 17.57 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 55.06 | 50.94 | 45.72 | 41.26 | 38.89 | 36.58 | 35.21 |
| Sundry debtors | 17.02 | 13.11 | 10.16 | 8.04 | 5.61 | 5.37 | 6.20 |
| Cash & bank balances | 0.77 | 1.23 | 0.48 | 0.42 | 0.29 | 1.33 | 0.21 |
| Loans & advances | 4.51 | 4.86 | 2.56 | 2.43 | 1.87 | 1.32 | 4.27 |
| Total current assets | 77.36 | 70.14 | 58.92 | 52.15 | 46.66 | 44.60 | 45.89 |
| Total current liabilities | 12.32 | 11.27 | 10.71 | 9.19 | 8.53 | 7.12 | 8.63 |
| Net working capital | 65.04 | 58.87 | 48.21 | 42.96 | 38.13 | 37.48 | 37.26 |
| Total assets | 87.68 | 78.32 | 65.01 | 61.43 | 57.01 | 55.61 | 56.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.23 | 0.48 | 0.42 | 0.29 | 1.33 | 0.21 | 1.04 |
| Net cash from operating activities | (0.66) | (4.56) | (0.47) | (0.68) | 1.86 | 3.17 | 2.57 |
| Net cash from investing activities | (5.46) | (4.17) | 0.12 | (1.33) | (2.73) | (1.01) | (4.52) |
| Net cash from financing activities | 5.66 | 9.48 | 0.41 | 2.14 | (0.17) | (1.04) | 1.11 |
| Net change in cash | (0.46) | 0.75 | 0.06 | 0.13 | (1.04) | 1.12 | (0.83) |
| Closing cash | 0.77 | 1.23 | 0.48 | 0.42 | 0.29 | 1.33 | 0.21 |
| 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 | +8.5% | +18.1% | +7.6% | +20.5% | +48.0% | -5.8% | - |
| EBITDA growth | -25.6% | +3.4% | +91.6% | -14.0% | +32.4% | -34.4% | - |
| PBT growth | +17.0% | +18.2% | +39.3% | +44.4% | +673.9% | -85.6% | -67.4% |
| Net income growth | +14.3% | +22.2% | +56.1% | +54.1% | +2116.7% | -77.8% | - |
| Revenue CAGR (3Y) | +11.3% | +15.3% | +24.3% | +18.9% | +16.3% | -4.6% | - |
| EBITDA CAGR (3Y) | +13.8% | +19.5% | +29.7% | -9.2% | -17.7% | -29.5% | - |
| Profitability & leverage | |||||||
| Net income margin | +6.4% | +6.1% | +6.0% | +4.6% | +3.8% | +0.3% | +2.4% |
| Return on capital employed | +7.8% | +8.0% | +8.2% | +6.9% | +6.0% | +2.8% | +5.7% |
| Return on net worth | +6.7% | +6.7% | +6.6% | +4.9% | +3.5% | +0.2% | +1.7% |
| Debt / equity | 0.29 | 0.26 | 0.29 | 0.27 | 0.25 | 0.26 | 0.19 |
| Long-term debt / equity | 0.07 | 0.02 | 0.03 | 0.03 | 0.05 | 0.06 | 0.03 |
| Interest cover | 55.02 | 33.12 | 35.75 | 116.15 | 89.14 | 194.03 | 66.83 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.86 | 1.90 | 1.78 | 1.75 | 1.52 | 1.04 | 1.19 |
| Inventory turnover | 1.29 | 1.31 | 1.23 | 1.24 | 1.09 | 0.78 | 0.88 |
| Debtors turnover | 4.54 | 5.42 | 5.87 | 7.28 | 7.51 | 4.81 | 5.40 |
| EPS (₹) | 2.45 | 2.16 | 1.89 | 1.19 | 0.78 | 0.02 | 0.16 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 37.38 | 35.30 | 29.79 | 27.93 | 26.60 | 25.72 | 25.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 36.77 | 32.99 | 29.17 | 27.96 | 26.31 | 21.53 | 29.08 |
| Revenue growth | +11.5% | +13.1% | +4.3% | +6.3% | +22.2% | -26.0% | - |
| Other income | 3.52 | 1.09 | 0.64 | 2.42 | 1.51 | 0.40 | 1.73 |
| Total expenses | 34.78 | 29.90 | 25.62 | 26.21 | 23.61 | 18.69 | 24.41 |
| Employee cost | 6.31 | 5.15 | 3.48 | 3.29 | 2.45 | 1.56 | 2.46 |
| EBITDA | 1.99 | 3.09 | 3.55 | 1.75 | 2.70 | 2.84 | 4.67 |
| EBITDA margin | +5.4% | +9.4% | +12.2% | +6.3% | +10.3% | +13.2% | +16.1% |
| Depreciation | 1.68 | 1.32 | 1.25 | 1.37 | 1.48 | 1.65 | 1.84 |
| Interest | 1.42 | 1.30 | 1.45 | 1.39 | 1.48 | 1.20 | 1.22 |
| Profit before tax | 2.41 | 1.56 | 1.49 | 1.41 | 1.25 | 0.39 | 3.34 |
| Tax | 0.60 | 0.40 | 0.37 | 0.30 | 0.22 | 0.15 | 0.90 |
| Net profit | 1.81 | 1.16 | 1.11 | 1.11 | 1.03 | 0.24 | 2.44 |
| Net profit margin | +4.9% | +3.5% | +3.8% | +4.0% | +3.9% | +1.1% | +8.4% |
| EPS (₹) | 1.01 | 0.66 | 0.65 | 0.65 | 0.61 | 0.14 | 1.44 |
| 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 | 17.74 | 17.74 | 17.04 | 17.04 | 17.04 | 17.04 | 17.04 |
| Reserves & surplus | 41.98 | 40.81 | 32.37 | 31.31 | 30.21 | 29.18 | 28.94 |
| Shareholders' funds (net worth) | 59.72 | 58.55 | 49.41 | 48.35 | 47.25 | 46.22 | 45.98 |
| Secured loans | 15.28 | 14.86 | 12.91 | 13.76 | 11.11 | 11.03 | 11.20 |
| Unsecured loans | 5.23 | 0.00 | 0.40 | 0.07 | 0.00 | 0.00 | 0.02 |
| Total debt | 20.51 | 14.86 | 13.31 | 13.83 | 11.11 | 11.03 | 11.22 |
| Total liabilities | 80.22 | 73.42 | 62.72 | 62.18 | 58.36 | 57.25 | 57.20 |
| Assets | |||||||
| Gross block | 28.20 | 25.44 | 22.43 | 22.65 | 22.17 | 21.75 | 21.18 |
| Net block | 11.25 | 10.17 | 8.47 | 9.38 | 10.20 | 11.26 | 12.35 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 24.28 | 22.09 | 21.55 | 21.23 | 14.18 | 8.36 | 7.92 |
| Inventories | 33.06 | 32.58 | 28.97 | 25.88 | 25.27 | 26.87 | 28.11 |
| Sundry debtors | 17.13 | 12.00 | 9.25 | 9.82 | 11.98 | 13.51 | 12.14 |
| Cash & bank balances | 0.16 | 0.55 | 0.19 | 0.07 | 0.08 | 0.43 | 0.17 |
| Loans & advances | 1.38 | 2.98 | 1.35 | 1.57 | 1.15 | 1.01 | 4.10 |
| Total current assets | 51.73 | 48.11 | 39.76 | 37.34 | 38.48 | 41.82 | 44.52 |
| Total current liabilities | 8.19 | 7.38 | 7.53 | 6.53 | 5.59 | 5.16 | 8.16 |
| Net working capital | 43.54 | 40.73 | 32.23 | 30.81 | 32.89 | 36.66 | 36.36 |
| Total assets | 80.22 | 73.42 | 62.72 | 62.18 | 58.36 | 57.25 | 57.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.55 | 0.19 | 0.07 | 0.08 | 0.43 | 0.17 | 0.63 |
| Net cash from operating activities | (3.32) | (3.32) | 1.19 | 7.74 | 5.82 | (0.41) | 4.15 |
| Net cash from investing activities | (2.76) | (3.85) | (0.74) | (7.65) | (6.25) | (0.94) | (5.03) |
| Net cash from financing activities | 5.69 | 7.53 | (0.32) | (0.10) | 0.08 | 1.61 | 0.42 |
| Net change in cash | (0.39) | 0.36 | 0.13 | (0.01) | (0.35) | 0.26 | (0.46) |
| Closing cash | 0.16 | 0.55 | 0.19 | 0.07 | 0.08 | 0.43 | 0.17 |
| 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 | +11.5% | +13.1% | +4.3% | +6.3% | +22.2% | -26.0% | - |
| EBITDA growth | -35.6% | -13.0% | +102.9% | -35.2% | -4.9% | -39.2% | - |
| PBT growth | +54.5% | +4.7% | +5.7% | +12.8% | +220.5% | -88.3% | -36.6% |
| Net income growth | +56.0% | +4.5% | 0.0% | +7.8% | +329.2% | -90.2% | - |
| Revenue CAGR (3Y) | +9.6% | +7.8% | +10.7% | -1.3% | -8.2% | -12.5% | -1.2% |
| EBITDA CAGR (3Y) | +4.4% | +4.6% | +7.7% | -27.9% | -26.9% | -29.2% | +12.4% |
| Profitability & leverage | |||||||
| Net income margin | +4.9% | +3.5% | +3.8% | +4.0% | +3.9% | +1.1% | +8.4% |
| Return on capital employed | +5.0% | +4.2% | +4.7% | +4.6% | +4.7% | +2.8% | +8.7% |
| Return on net worth | +3.0% | +2.2% | +2.3% | +2.3% | +2.2% | +0.5% | +5.5% |
| Debt / equity | 0.30 | 0.26 | 0.28 | 0.26 | 0.24 | 0.24 | 0.18 |
| Long-term debt / equity | 0.06 | 0.02 | 0.03 | 0.03 | 0.05 | 0.05 | 0.03 |
| Interest cover | 458.06 | 73.45 | 63.04 | 365.79 | 121.31 | 100.84 | 43.11 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.37 | 1.38 | 1.29 | 1.25 | 1.20 | 1.00 | 1.39 |
| Inventory turnover | 1.12 | 1.07 | 1.06 | 1.09 | 1.01 | 0.78 | 1.07 |
| Debtors turnover | 2.52 | 3.10 | 3.06 | 2.57 | 2.06 | 1.68 | 2.65 |
| EPS (₹) | 1.01 | 0.66 | 0.65 | 0.65 | 0.61 | 0.14 | 1.44 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 33.66 | 33.01 | 29.00 | 28.38 | 27.73 | 27.12 | 26.98 |
To see the full year-wise statements and ratios of Marvel Decor Limited, buy the company report.
Board of directors of Marvel Decor Limited
Marvel Decor has 8 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipti Paun | Director | 01 Apr 2010 | 16 Years 6 Months | Current |
| Urmi Ashok Paun | Director | 07 Oct 2000 | 26 Years 0 Months | Current |
| Rajesh Jivanlal Morzaria | Director | 24 Jan 2018 | 8 Years 9 Months | Current |
| Ashok Ramniklal Paun | Managing Director | 04 Oct 1996 | 30 Years 0 Months | Current |
| Dipak Ramniklal Paun | Director | 01 Apr 2010 | 16 Years 6 Months | Current |
| Khwahish Paun | Director | 12 Apr 2021 | 5 Years 6 Months | Current |
Auditor
Marvel Decor Limited is audited by R. B. Gohil & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. B. Gohil & Co. | FY 2023 | 119360W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 67.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 32.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 67.40% | 67.40% | 70.00% | 70.00% |
| Public | 32.60% | 32.60% | 30.00% | 30.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2024 | 100992141 | Others | ₹20 Cr | Open | |
| 10 Oct 2024 | 100987156 | Hdfc Bank Limited | ₹56.37 Lakh | Open | |
| 16 Nov 2023 | 100820566 | Hdfc Bank Limited | ₹8.96 Lakh | Satisfied | |
| 06 Dec 2022 | 100667134 | Others | ₹11.5 Lakh | Satisfied | |
| 02 Aug 2022 | 100603109 | Others | ₹15.95 Cr | Satisfied |
To see the full charge records of Marvel Decor Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Marvel Decor Limited has 12 deals on record (11 market trades, 1 ipo); the latest was in July 2026.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹53.6 Lakh | Buyer: Anantroop Financial Advisory Services Private Limited Seller: Krishnashray Brothers |
| Mar 2026 | Market trade | ₹68.2 Lakh | Buyer: Ginni Finance Pvt. Ltd. Seller: Tradelink Exim (India) Private Limited |
| Jul 2024 | Market trade | ₹4.27 Cr | Buyer: Ginni Finance Pvt. Ltd. Seller: an individual |
| Apr 2024 | Market trade | ₹1.36 Cr | Buyer: Ginni Finance Pvt. Ltd. Seller: Ginni Finance Pvt. Ltd. |
| Mar 2024 | Market trade | ₹82.5 Lakh | Buyer: Ginni Finance Pvt. Ltd. |
To see the full deal history of Marvel Decor 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
Marvel Decor Limited has 3 court cases on record: 3 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
| High courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed against the company | Pending |
| District court, Jamnagar, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, RAJKOT, Gujarat | Court case (SMST S) | Filed against the company by an individual | Pending |
To see the full case history of Marvel Decor 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Marvel Decor Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Marvel Decor Limited has a workforce of 96 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Marvel Decor has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCA2345N1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Marvel Decor Limited, buy the company report.
Recent activity
Marvel Decor Limited has 10 board changes on record since 1996: 9 appointments and 1 cessation. The latest: Dhiren Mansukh Shah was appointed as Director on 17 Jul 2021.
19 earlier events are in the company report.
Frequently asked questions
Marvel Decor is an active public limited company based in Jamnagar, Gujarat, India. The company works in home furnishings and accessories retail, within the home and lifestyle industry. It was incorporated on 04 October 1996 (30+ years old) and is registered under CIN L18109GJ1996PLC030870. Listed on NSE: MDL.
Marvel Decor reported revenue of ₹68.47 Cr for FY 2025-26 (up 8.5% YoY) based on consolidated financials.
Marvel Decor has 8 current directors:
- Ashok Ramniklal Paun - Managing Director
- Dipti Paun - Director
- Urmi Ashok Paun - Director
- Rajesh Jivanlal Morzaria - Director
- Dipak Ramniklal Paun - Director
- Khwahish Paun - Director
- Dhiren Mansukh Shah - Director
- Dhansukhbhai Jasmatbhai Devani - Director
The latest financial statements of Marvel Decor on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Marvel Decor is 24AADCA2345N1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Marvel Decor is L18109GJ1996PLC030870. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Marvel Decor is a listed company as per MCA records. Its shares are listed on NSE (symbol: MDL).
Marvel Decor has 3 court cases on record: 3 filed against it. 3 are pending. Most are in the district courts.
Marvel Decor was incorporated on 04 October 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Marvel Decor has 12 deals on record (11 market trades, 1 ipo); the latest was in July 2026.