MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-DN-01-0000153
Dugar Polymers Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹135.33 Cr
▲ 2% YoY
Net profit · FY 2024
₹7.78 Cr
Net margin 5.7%
EBITDA · FY 2024
₹19.24 Cr
EBITDA margin 14.2%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹1.72 Cr
Issued & subscribed
Open charges
₹189.72 Cr
Satisfied ₹62.03 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
86
Provident fund records
About Dugar Polymers Limited
Data last updated:
Dugar Polymers Limited is a public limited company based in Surat, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 20 February 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ2003PLC042041. Its GSTIN is 24AABCD7959B1ZS (Gujarat). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.72 Cr. It was formerly known as Dugar Polymers Private Limited. It is led by directors including Rajesh Chandanmal Dugar (Managing Director) and Renu Dugar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. 26 Icchapore Bhatpore G.I.D.C. Hazira, Surat, Gujarat, India – 394510.
As per the financials filed for FY 2024, the company reported a revenue of ₹135.33 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹7.78 Cr (net margin 5.7%) and EBITDA of ₹19.24 Cr (EBITDA margin 14.2%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 7% over five years.
The company has about 86 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Dugar Polymers and Dugar Group. As per MCA filings, the company has open charges of ₹189.72 Cr and satisfied charges of ₹62.03 Cr on record. Court records list 43 cases involving the company, including 42 filed by the company and 1 filed against it; 18 cases are pending. The company has 24 deals on record (22 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.17 Cr; the latest was in September 2018. Its 3 peer companies in the Manufacturing industry (Plastic Based Products, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Ski Plastoware Private Limited with revenue of ₹137.39 Cr.
Dugar Polymers Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DN-01-0000153). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dugargroup.net.
Company details
CIN U17119GJ2003PLC042041
Registration Number 042041
Incorporation Date 20 February 2003
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DN-01-0000153
CIN history
Dugar Polymers has one previous CIN (Corporate Identification Number): U17119GJ2003PTC042041. The current CIN is U17119GJ2003PLC042041, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17119GJ2003PLC042041 | Current |
| U17119GJ2003PTC042041 | Previous |
Recognitions & Rankings of Dugar Polymers
Contact details
Dugar Polymers Limited's registered office is in Surat, Gujarat. Its website is dugargroup.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 26 Icchapore Bhatpore G.I.D.C. Hazira, Surat, Gujarat, India – 394510
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Dugar Polymers Limited, buy the company report.
Comprehensive company report
Dugar Polymers 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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Brands
Dugar Polymers operates two associated brands: Dugar Polymers and Dugar Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of polymer products and packaging solutions. | dugars.com | |
| Manufactures plastic raw materials, additives, products, and packaging solutions for industries. | dugargroup.net |
Business activity
The main business activity of Dugar Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| 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 |
To see the full business activity and turnover split of Dugar Polymers Limited, buy the company report.
Financials of Dugar Polymers Limited
FY 2024 filings availableDugar Polymers Limited reported revenue of ₹135.33 Cr (up 2% YoY) for FY 2024.
Revenue · FY 2024
₹135.33 Cr ▲ 2%
Net profit · FY 2024
₹7.78 Cr margin 5.7%
EBITDA · FY 2024
₹19.24 Cr margin 14.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 19%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 21%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 2% growth in the latest year. EBITDA rose 48% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹19.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.78 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.2% | ||||
| Net Profit Margin | 5.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Dugar Polymers Limited, buy the company report.
Board of directors of Dugar Polymers Limited
Dugar Polymers has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Renu Dugar Also directs: Dugar Sourcing Private Limited | Director | 20 Feb 2007 | 19 Years 8 Months | Current |
| Rajesh Chandanmal Dugar Also directs: Dugar Sourcing Private Limited, Dugar Venture LLP, Dugar Coatech Private Limited and 5 more | Managing Director | 20 Feb 2003 | 23 Years 8 Months | Current |
| Manoj Kumar Dugar Also directs: Dugar Sourcing Private Limited, Dugar Venture LLP, Dugar Coatech Private Limited and 5 more | Director | 20 Feb 2003 | 23 Years 8 Months | Current |
Peer comparison
Dugar Polymers Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products, Polymers), 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 |
|---|---|---|---|---|---|---|
| Ski Plastoware Private Limited | ₹137.39 Cr (FY 2025) | -14.0% | Mumbai, Maharashtra, India | |||
| Dugar Polymers Limitedthis company | ₹135.33 Cr (FY 2024) | ₹7.78 Cr | 5.7% | 2.0% | 86 | Surat, Gujarat, India |
| Innovative Tech Pack Limited | ₹134.7 Cr (FY 2025) | -6.0% | Gurgaon, Haryana, India | |||
| Chidambaram Fishnets Private Limited | ₹134.35 Cr (FY 2025) | -6.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Dugar Polymers Limited, buy the company report.
Auditor
Dugar Polymers Limited is audited by S. Bhalotia & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. Bhalotia & Associates | FY 2023 | 325040E |
Shareholding
The shareholding of Dugar Polymers Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dugar Polymers Limited, buy the company report.
Charges & borrowings
Open charges
₹189.72 Cr
Satisfied charges
₹62.03 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2025 | 101120311 | Others | ₹44.95 Lakh | Open | |
| 16 Jun 2025 | 101120301 | Others | ₹30 Lakh | Open | |
| 29 Jan 2025 | 101046116 | The Hongkong and Shanghai Banking Corporation Limited | ₹15 Cr | Open | |
| 11 Dec 2024 | 101015579 | Hdfc Bank Limited | ₹17 Lakh | Open | |
| 29 Jun 2023 | 100741066 | Hdfc Bank Limited | ₹16 Lakh | Open |
To see the full charge records of Dugar Polymers Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Dugar Polymers Limited has 24 deals on record (22 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.17 Cr; the latest was in September 2018.
Total deals
24
Secondary share transfers
22
Funding rounds
2
Disclosed funding
₹1.17 Cr
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Maa Sushwani Holdings Seller: Dugar Indvent Private Limited |
| Feb 2011 | Funding round | ₹67 Lakh | Investors: Dugar Indvent Private Limited , 3 individuals |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Dugar Indvent Private Limited Seller: Silvertoss Tie-Up Private Limited |
| May 2009 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Prayasha Extrusion Private Limited, Hotel Costarica Private Limited, 2 individuals |
To see the full deal history of Dugar Polymers 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
Dugar Polymers Limited has 43 court cases on record: 42 filed by Dugar Polymers, 1 filed against it. 18 cases are pending and 25 are disposed.
Total cases
43
Filed by the company
42
Filed against the company
1
Pending
18
Disposed
25
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 0 | 17 |
| High courts | 2 | 1 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Appeal | Filed by the company against M/S.Garuda Packaging Private Limited and 3 others | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against M/S Aditya Thermopack Pvt Ltd and 2 others | Pending |
| District court, Silvassa, DNH at Silvasa | Civil suit | Filed by the company against M/S Pacific Pipe Systems Pvt. Ltd., and 03 Ors. and 3 others | Pending |
| District court, Silvassa, DNH at Silvasa | Cheque dishonour complaint | Filed by the company against M/S. Megha Parcel LLP and 02 Ors. and 2 others | Pending |
| District court, Silvassa, DNH at Silvasa | Cheque dishonour complaint | Filed by the company against Shreya Polymers Pvt. Ltd and 1 and 1 other | Pending |
To see the full case history of Dugar Polymers 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
Dugar Polymers Limited was last rated by Icra on 26 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 26 May 2021 |
To see the full credit ratings and regulatory alerts of Dugar Polymers Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dugar Polymers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dugar Polymers Limited has a workforce of 86 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
86
Active EPFO establishments
1
Employee growth
2.38%
GST
Dugar Polymers has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCD7959B1ZS | Gujarat | Active | 01 Jul 2017 |
| 26AABCD7959B1ZO | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
| 36AABCD7959B1ZN | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dugar Polymers Limited, buy the company report.
Recent activity
Dugar Polymers Limited has 8 board changes on record since 2003: 4 appointments and 4 cessations. The latest: Rajesh Chandanmal Dugar ceased to be Managing Director on 30 Sep 2019.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 15.00 Cr registered on 29 Jan 2025 with Charge ID 101046116 was modified on 17 Dec 2025.
Charges
A charge registered on 26 Feb 2021 via Charge ID 100435711 with Hdfc Bank Limited was fully satisfied on 24 Jul 2025.
Charges
A charge with Others amounted to Rs. 0.45 Cr with Charge ID 101120311 was registered on 16 Jun 2025.
Charges
A charge with Others amounted to Rs. 0.30 Cr with Charge ID 101120301 was registered on 16 Jun 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 15.00 Cr with Charge ID 101046116 was registered on 29 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.17 Cr with Charge ID 101015579 was registered on 11 Dec 2024.
AGM
Dugar Polymers Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Yes Bank Limited of Rs. 47.80 Cr registered on 13 Aug 2021 with Charge ID 100475505 was modified on 25 Sep 2024.
Charges
A charge with Others of Rs. 32.53 Cr registered on 27 Dec 2011 with Charge ID 10331479 was modified on 02 Sep 2024.
Charges
A charge with Others of Rs. 32.53 Cr registered on 23 Mar 2011 with Charge ID 10280073 was modified on 28 Aug 2024.
Charges
A charge with Yes Bank Limited of Rs. 47.80 Cr registered on 14 Jan 2022 with Charge ID 100533347 was modified on 30 Jul 2024.
Filing
Dugar Polymers Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
34 earlier events are in the company report.
Frequently asked questions
Dugar Polymers is an active public limited company based in Surat, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 20 February 2003 (23+ years old) and is registered under CIN U17119GJ2003PLC042041.
Dugar Polymers has 3 current directors:
- Rajesh Chandanmal Dugar - Managing Director
- Renu Dugar - Director
- Manoj Kumar Dugar - Director
The latest financial statements of Dugar Polymers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Dugar Polymers is 24AABCD7959B1ZS, registered in Gujarat. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 26AABCD7959B1ZO (Dadra and Nagar Haveli and Daman and Diu), 36AABCD7959B1ZN (Telangana).
The CIN (Corporate Identification Number) of Dugar Polymers is U17119GJ2003PLC042041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dugar Polymers has 43 court cases on record: 42 filed by the company and 1 filed against it. 18 are pending. Most are in the district courts.
Dugar Polymers was incorporated on 20 February 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dugar Polymers has 24 deals on record (22 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.17 Cr; the latest was in September 2018.
The peers of Dugar Polymers by revenue are Ski Plastoware Private Limited, Innovative Tech Pack Limited, Chidambaram Fishnets Private Limited, all in the Manufacturing industry (Plastic Based Products, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Rajesh Chandanmal Dugar ceased to be Managing Director on 30 Sep 2019. Vijay Sushil Kumar Surana was appointed as CFO on 22 May 2019. Renu Dugar ceased to be Director on 03 May 2019. Dugar Polymers has 8 board changes on record in total.
Yes, Dugar Polymers is registered as a medium enterprise under Udyam registration (number: UDYAM-DN-01-0000153).