Mertz Estates Limited
About Mertz Estates Limited
Data last updated:
Mertz Estates Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate leasing and property management segment of the real estate sector. It was incorporated on 07 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH1994PLC078799. Its GSTIN is 27AAACM4685L1Z0 (Maharashtra).
The company has an authorised share capital of ₹2.26 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Khushali Yash Mandawewala and Khushboo Abhishek Mandawewala.
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 B – 9 Trade World Kamala Millcompound Senappati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.26 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net profit of ₹94.84 Lakh (net margin 29.1%) and EBITDA of ₹1.26 Cr (EBITDA margin 38.8%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years.
As per MCA filings, the company has satisfied charges of ₹105 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressB – 9 Trade World Kamala Millcompound Senappati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryReal Estate, Real Estate Leasing
- 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 Mertz Estates Limited
The main business activity of Mertz Estates is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Mertz Estates Limited FY 2025 filings available
Mertz Estates Limited reported revenue of ₹3.26 Cr (down 60% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mertz Estates Limited
Revenue has declined at a compounded annual rate (CAGR) of 36% over three years, including a 60% fall in the latest year. EBITDA fell 72% 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 Mertz Estates 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 | ₹1.26 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹94.84 Lakh | •••• | •••• | •••• | •••• |
| 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 Mertz Estates Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 29.1% | •••• | •••• | •••• | •••• |
| 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 Mertz Estates are in the company report.
Financial statements from 2015
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 Mertz Estates Limited
Mertz Estates Limited is compared with the companies closest to it by revenue in the same principal business activity (Real estate activities with own or leased property). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wisdom Housing and Properties Private Limited | ₹3.27 Cr (FY 2025) | •••• | •••• | -47.0% | •••• | Chennai, Tamil Nadu, India |
| Vilco Pharma Private Limited | ₹3.27 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Mumbai, Maharashtra, India |
| Kisaan Prime Estate Private Limited | ₹3.27 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Jaipur, Rajasthan, India |
| Tristar Ventures Private Limited | ₹3.26 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | New Delhi, Delhi, India |
| Brahaspati Real Estates Private Limited | ₹3.26 Cr (FY 2017) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Mertz Estates Limited this company | ₹3.26 Cr (FY 2025) | •••• | •••• | -60.0% | •••• | Mumbai, Maharashtra, India |
| Manafuli Developers Private Limited | ₹3.26 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Amtala, West Bengal, India |
| Evergreen Habitats and Realties Private Limited | ₹3.26 Cr (FY 2024) | •••• | •••• | -64.0% | •••• | Thane, Maharashtra, India |
| Ranwa Land Developers Private Limited | ₹3.26 Cr (FY 2025) | •••• | •••• | 298.0% | •••• | Jaipur, Rajasthan, India |
| Himalayan Theatres Pvt Ltd | ₹3.26 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Kolkata, West Bengal, India |
| Amrita Greenview Housing Private Limited | ₹3.26 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Durgapur, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Mertz Estates by revenue in the same principal business activity (Real estate activities with own or leased property), 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 Mertz Estates Limited
Mertz Estates Limited is audited by P Y S & Co for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P Y S & 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 Mertz Estates Limited
Mertz Estates has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Khushali Yash Mandawewala | Director | 30 Mar 2019 | 7 Years 6 Months | Current |
| Khushboo Abhishek Mandawewala Also directs: Aym Syntex Limited, Mandawewala Enterprises Limited, Aym Textiles Private Limited and 2 more | Director | 04 Mar 2016 | 10 Years 7 Months | Current |
| Yash Rajesh Mandawewala Also directs: Yrm Estates Private Limited, Connective Infrasructure Private Limited, RRM Enterprises Private Limited and 2 more | Director | 04 Mar 2016 | 10 Years 7 Months | Current |
Ownership and Shareholding of Mertz Estates 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 Mertz Estates Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Mar 2009 | The Bank of Rajasthan Limited | ₹35 Cr | Satisfied |
| 31 Mar 2009 | The Bank of Rajasthan Limited | ₹35 Cr | Satisfied |
| 31 Mar 2009 | The Bank of Rajasthan Limited | ₹35 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Mertz Estates Limited
Employment history and EPFO contributions of people linked to Mertz Estates.
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.
CIN History of Mertz Estates Limited
Mertz Estates has one previous CIN (Corporate Identification Number): U67120MH1994PLC078799. The current CIN is U70102MH1994PLC078799, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102MH1994PLC078799 | Current |
| U67120MH1994PLC078799 | Previous |
Recent Activity on Mertz Estates Limited
Mertz Estates Limited has 10 board changes on record since 2007: 3 appointments and 7 cessations. The latest: Khushali Yash Mandawewala was appointed as Director on 30 Mar 2019.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mertz Estates 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 Mertz Estates 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
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mertz Estates 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 Mertz Estates Limited
Mertz Estates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM4685L1Z0 | Maharashtra | 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
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mertz Estates 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 Mertz Estates Limited
Mertz Estates is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate leasing, within the real estate industry. It was incorporated on 07 June 1994 (32+ years old) and is registered under CIN U70102MH1994PLC078799.
Mertz Estates reported revenue of ₹3.26 Cr for FY 2025 (down 60% YoY).
Mertz Estates has 3 current directors:
- Khushali Yash Mandawewala - Director
- Khushboo Abhishek Mandawewala - Director
- Yash Rajesh Mandawewala - Director
Mertz Estates reported a net profit of ₹94.84 Lakh (net margin 29.1%) and EBITDA of ₹1.26 Cr (EBITDA margin 38.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mertz Estates is -36% over three years. In the latest year (FY 2025) revenue fell 60%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mertz Estates is 27AAACM4685L1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mertz Estates is U70102MH1994PLC078799. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mertz Estates was incorporated on 07 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mertz Estates by revenue are Wisdom Housing and Properties Private Limited, Vilco Pharma Private Limited, Kisaan Prime Estate Private Limited, Tristar Ventures Private Limited, Brahaspati Real Estates Private Limited and 5 more, all in the same principal business activity (Real estate activities with own or leased property).
Khushali Yash Mandawewala was appointed as Director on 30 Mar 2019. Sudhanshu Manohar Khire ceased to be Director on 30 Mar 2019. Dipali Balkrishan Goenka ceased to be Director on 09 Mar 2016. Mertz Estates has 10 board changes on record in total.
The registered office of Mertz Estates is at B – 9 Trade World Kamala Millcompound Senappati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.