About Mehta Tubes Limited
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Mehta Tubes Limited is a public limited company based in Dharampur, Gujarat, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 03 June 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27109GJ1988PLC010794. Its GSTIN is 24AACCM9337R1ZT (Gujarat). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹15.14 Cr. It was formerly known as Mehta Tubes Private Limited. It is led by directors including Rikhabchand Vachhraj Mehta (Managing Director) and Sanjay Ramniklal Shah (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 Dharampur, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,482.4 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹71.87 Cr (net margin 4.8%) and EBITDA of ₹121.17 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 29% over five years.
The company has about 136 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Mehta Tubes and MexFlow. As per MCA filings, the company has open charges of ₹408.64 Cr and satisfied charges of ₹225.76 Cr on record. Court records list 70 cases involving the company, including 55 filed by the company and 15 filed against it; 18 cases are pending. The company has 15 deals on record (9 secondary share transfers, 6 funding rounds), with disclosed funding of ₹11.84 Cr; the latest was in March 2022. Its 6 peer companies in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Welspun Di Pipes Limited with revenue of ₹2,068.85 Cr. The company has 6 MSME Form 1 returns on record between 2022 and 2024, listing 1,121 overdue payments to 97 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 mehtatubes.com.
Company details
CIN history
Mehta Tubes has one previous CIN (Corporate Identification Number): U27109GJ1988PTC010794. The current CIN is U27109GJ1988PLC010794, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109GJ1988PLC010794 | Current |
| U27109GJ1988PTC010794 | Previous |
Contact details
Mehta Tubes Limited's registered office is in Dharampur, Gujarat. Its website is mehtatubes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressChar Rasta Nanapondha, Taluka Nanapondha, Dharampur, Gujarat, India – 396126
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Mehta Tubes 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
Mehta Tubes operates two associated brands: Mehta Tubes and MexFlow. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of copper and copper alloy products for industrial and engineering applications. | mehtatubes.com | |
| Manufacturing of copper and copper alloy products for industrial applications. | mexflow.com |
Business activity
The main business activity of Mehta Tubes is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Mehta Tubes Limited, buy the company report.
Financials of Mehta Tubes Limited
FY 2025 filings availableMehta Tubes Limited reported revenue of ₹1,482.4 Cr (up 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 27% growth in the latest year. EBITDA rose 26% 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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| EBITDA | ₹121.17 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹71.87 Cr | ||||
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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 | 8.2% | ||||
| Net Profit Margin | 4.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Mehta Tubes Limited, buy the company report.
Board of directors of Mehta Tubes Limited
Mehta Tubes has 9 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailesh Bachubhai Khamar | Director | 08 Jun 2021 | 5 Years 4 Months | Current |
| Sanjay Ramniklal Shah | Whole-Time Director | 28 Dec 2005 | 20 Years 9 Months | Current |
| Rikhabchand Vachhraj Mehta | Managing Director | 03 Jun 1988 | 38 Years 4 Months | Current |
| Kavita Mukesh Mehta | Director | 08 Jun 2021 | 5 Years 4 Months | Current |
| Vikas Saraf | Director | 08 Jun 2021 | 5 Years 4 Months | Current |
| Mangilal Vacharaj Mehta | Whole-Time Director | 03 Jun 1988 | 38 Years 4 Months | Current |
Peer comparison
Mehta Tubes Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Welspun Di Pipes Limited | ₹2,068.85 Cr (FY 2025) | 37.0% | Anjar, Gujarat, India | |||
| JTL Industries Limited | ₹1,938.76 Cr (FY 2025) | -5.0% | Chandigarh, India | |||
| Srikalahasthi Pipes Limited | ₹1,558.92 Cr (FY 2021) | -10.0% | Andhra Pradesh, India | |||
| Mehta Tubes Limitedthis company | ₹1,482.4 Cr (FY 2025) | ₹71.87 Cr | 4.8% | 27.0% | 136 | Dharampur, Gujarat, India |
| Asian Tubes Private Limited | ₹1,299.67 Cr (FY 2025) | 8.0% | Ahmedabad, Gujarat, India | |||
| Vishal Pipes Limited | ₹1,228.35 Cr (FY 2025) | -26.0% | Kolkata, West Bengal, India | |||
| R.K. Steel Manufacturing Company Limited | ₹1,153.73 Cr (FY 2025) | 12.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Mehta Tubes Limited, buy the company report.
Auditor
Mehta Tubes Limited is audited by M L BHUWANIA AND CO LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M L BHUWANIA AND CO LLP | FY 2025 | 101484W / W100197 |
Shareholding
The shareholding of Mehta Tubes Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mehta Tubes Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2022 | 100616668 | Hdfc Bank Limited | ₹250 Cr | Open | |
| 22 Mar 2021 | 100437747 | Others | ₹20.14 Cr | Open | |
| 30 Jul 2014 | 10528882 | Others | ₹138.5 Cr | Open | |
| 21 Jun 2022 | 100587104 | Citi Bank N.A. | ₹40 Cr | Satisfied | |
| 17 Jul 2019 | 100280488 | Others | ₹3.6 Cr | Satisfied |
To see the full charge records of Mehta Tubes Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Mehta Tubes Limited has 15 deals on record (9 secondary share transfers, 6 funding rounds), with disclosed funding of ₹11.84 Cr; the latest was in March 2022.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ami Impex Co Limited |
To see the full deal history of Mehta Tubes 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
Mehta Tubes Limited has 70 court cases on record: 55 filed by Mehta Tubes, 15 filed against it. 18 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 14 | 16 |
| High courts | 18 | 1 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 70)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed by the company against Shanti Refrigeration Industries Pvt. Ltd. and 4 others | Pending |
| District court, South East, Delhi | Civil suit | Filed against the company by K.M. India Pvt Ltd | Pending |
| District court, Jalandhar, Punjab | Execution petition | Filed by the company against Kew Industries Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Shanti Refrigeration Industries Private Limited and 4 others | Disposed |
| NCLT, Allahabad | Insolvency matter | Filed by the company against Shanti Refrigeration Industries Privatelimited | Disposed |
To see the full case history of Mehta Tubes 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
Mehta Tubes Limited was last rated by Crisil on 04 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 04 Jun 2020 |
To see the full credit ratings and regulatory alerts of Mehta Tubes Limited, buy the company report.
MSME payment delays
Mehta Tubes Limited has 6 MSME Form 1 returns on record between 2022 and 2024, listing 1,121 overdue payments to 97 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 97)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Jan Marketing (CRS) | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Mehta Tubes Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mehta Tubes Limited has a workforce of 136 employees on its EPFO records as of Sep 24, 2025, across 3 active EPFO establishments.
GST
Mehta Tubes has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCM9337R1ZT | Gujarat | Active | 01 Jul 2017 |
| 24AACCM9337R1D2 | Gujarat | Active | 13 Nov 2024 |
| 27AACCM9337R1ZN | Maharashtra | Active | 01 Jul 2017 |
| 26AACCM9337R1ZP | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Mehta Tubes Limited, buy the company report.
Recent activity
Mehta Tubes Limited has 18 board changes on record since 1988: 10 appointments and 8 cessations. The latest: Dixit Ganpat Mehta was appointed as CFO on 01 Jan 2024.
42 earlier events are in the company report.
Frequently asked questions
Mehta Tubes is an active public limited company based in Dharampur, Gujarat, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 03 June 1988 (38+ years old) and is registered under CIN U27109GJ1988PLC010794.
Mehta Tubes has 9 current directors:
- Rikhabchand Vachhraj Mehta - Managing Director
- Sanjay Ramniklal Shah - Whole-Time Director
- Mangilal Vacharaj Mehta - Whole-Time Director
- Ganpat Vachhraj Mehta - Whole-Time Director
- Shailesh Bachubhai Khamar - Director
- Kavita Mukesh Mehta - Director
- Vikas Saraf - Director
- Mukesh Mangilal Mehta - Director
- Nishit Shailesh Morakhia - Director
The latest financial statements of Mehta Tubes 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 2015 are in the company report.
The GSTIN of Mehta Tubes is 24AACCM9337R1ZT, registered in Gujarat. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 24AACCM9337R1D2 (Gujarat), 27AACCM9337R1ZN (Maharashtra), 26AACCM9337R1ZP (Daman & Diu).
The CIN (Corporate Identification Number) of Mehta Tubes is U27109GJ1988PLC010794. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mehta Tubes has 70 court cases on record: 55 filed by the company and 15 filed against it. 18 are pending. Most are in the district courts.
Mehta Tubes was incorporated on 03 June 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mehta Tubes has 15 deals on record (9 secondary share transfers, 6 funding rounds), with disclosed funding of ₹11.84 Cr; the latest was in March 2022.
The peers of Mehta Tubes by revenue are Welspun Di Pipes Limited, JTL Industries Limited, Srikalahasthi Pipes Limited, Asian Tubes Private Limited, Vishal Pipes Limited and 1 more, all in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products).
Dixit Ganpat Mehta was appointed as CFO on 01 Jan 2024. Sanjeev Bafna ceased to be CFO on 31 Dec 2023. Kavita Mukesh Mehta was appointed as Director on 08 Jun 2021. Mehta Tubes has 18 board changes on record in total.
Mehta Tubes has 6 MSME Form 1 returns on record between 2022 and 2024, listing 1,121 overdue payments to 97 micro and small suppliers. The latest return was filed on 01 Jun 2024.
Mehta Tubes can be reached through the website mehtatubes.com. Its registered office is in Dharampur, Gujarat, India.