- Category
- Medium (2023-24)
- Udyam number
- UDYAM-DN-01-0000028

About Shree TNB Polymers Limited
Data last updated:
Shree TNB Polymers Limited is a public limited company based in Silvassa, Dadra And Nagar Haveli, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 07 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209DN2007PLC000242. Its GSTIN is 26AAKCS6850P1ZJ (Dadra and Nagar Haveli and Daman and Diu). The company holds 7 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544978.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹10.23 Cr. It is led by directors including Rasikbhai Gokalbhai Bhalodi (Managing Director) and Deepak Kumar Qeematrai Raura (Whole-Time Director).
Its last annual general meeting (AGM) was held on 13 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Sr.No.132/1/1/4 Behind Prince Pipes Athalroad Athal, Silvassa, Dadra and Nagar Haveli, India – 396230.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹198.13 Cr, a growth of 12.8% compared to the previous year. For the same year it recorded a net profit of ₹7.16 Cr (net margin 3.6%) and EBITDA of ₹19.89 Cr (EBITDA margin 10%). The net worth stands at ₹55.69 Cr (up 14.7% YoY). Total assets are valued at ₹101.28 Cr (up 15% YoY).
The company has about 172 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shree TNB Polymers Limited. As per MCA filings, the company has open charges of ₹128.78 Cr and satisfied charges of ₹112.69 Cr on record. Court records list 11 cases involving the company, including 11 filed by the company; 6 cases are pending. The company has 1 deal on record (1 ipo); the latest was in October 2026. Its 7 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, 3 larger and 4 smaller; the largest is Ag Industries (Bawal) Private Limited with revenue of ₹177.17 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 8 overdue payments to 4 micro and small suppliers.
Shree TNB Polymers Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DN-01-0000028). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shreetnbpolymers.in.
Company details
Recognitions & Rankings of Shree TNB Polymers
Contact details
Shree TNB Polymers Limited's registered office is in Silvassa, Dadra And Nagar Haveli. Its website is shreetnbpolymers.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSr.No.132/1/1/4 Behind Prince Pipes Athalroad Athal, Silvassa, Dadra and Nagar Haveli, India – 396230
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Shree TNB Polymers 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
Shree TNB Polymers operates one associated brand: Shree TNB Polymers Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of polymer pipes, fittings, irrigation systems, and sheets in India. | shreetnbpolymers.in |
Business activity
The main business activity of Shree TNB 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 Shree TNB Polymers Limited, buy the company report.
Financials of Shree TNB Polymers Limited
FY 2025-26 filings availableShree TNB Polymers Limited reported revenue of ₹198.13 Cr (up 12.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 198 | 176 | 208 | 173 |
| Revenue growth | +12.8% | -15.5% | +20.5% | - |
| EBITDA | 19.89 | 15.88 | 15.27 | 10.69 |
| EBITDA margin | +10.0% | +9.0% | +7.4% | +6.2% |
| Profit before tax | 10.18 | 7.21 | 6.63 | 4.33 |
| Net profit | 7.16 | 5.35 | 4.82 | 2.12 |
| Net profit margin | +3.6% | +3.1% | +2.3% | +1.2% |
| EPS (₹) | 4.65 | 5.64 | 5.62 | 2.42 |
| Balance sheet | ||||
| Total assets | 101 | 88.09 | 70.84 | 65.57 |
| Net worth | 55.69 | 48.55 | 34.21 | 29.18 |
| Total debt | 44.56 | 38.50 | 35.82 | 35.72 |
| Cash & bank | 0.07 | 0.06 | 0.10 | 0.21 |
| Net working capital | 51.95 | 43.31 | 33.46 | 26.33 |
| Cash flow | ||||
| Cash from operations | 8.83 | 4.34 | 6.99 | 7.87 |
| Cash from investing | (9.23) | (9.98) | (1.71) | (16.31) |
| Cash from financing | 0.40 | 5.60 | (5.39) | 8.47 |
| Particulars | Mar 2026 |
|---|---|
| Revenue | 56.63 |
| Other income | 0.13 |
| Total expenses | 50.76 |
| EBITDA | 5.87 |
| EBITDA margin | +10.4% |
| Depreciation | 0.97 |
| Interest | 1.58 |
| Profit before tax | 3.45 |
| Tax | 1.22 |
Financial Statements
| Particulars | Mar 2026 |
|---|---|
| Revenue | 56.63 |
| Other income | 0.13 |
| Total expenses | 50.76 |
| EBITDA | 5.87 |
| EBITDA margin | +10.4% |
| Depreciation | 0.97 |
| Interest | 1.58 |
| Profit before tax | 3.45 |
| Tax | 1.22 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 198 | 176 | 208 | 173 |
| Revenue growth | +12.8% | -15.5% | +20.5% | - |
| Other income | 0.19 | 0.40 | 0.26 | 0.41 |
| Total expenses | 178 | 160 | 193 | 162 |
| Employee cost | 13.30 | 11.68 | 10.86 | 9.92 |
| EBITDA | 19.89 | 15.88 | 15.27 | 10.69 |
| EBITDA margin | +10.0% | +9.0% | +7.4% | +6.2% |
| Depreciation | 3.86 | 3.14 | 3.24 | 2.67 |
| Interest | 6.04 | 5.93 | 5.66 | 4.10 |
| Profit before tax | 10.18 | 7.21 | 6.63 | 4.33 |
| Tax | 3.02 | 1.43 | 1.62 | 2.17 |
| Net profit | 7.16 | 5.35 | 4.82 | 2.12 |
| Net profit margin | +3.6% | +3.1% | +2.3% | +1.2% |
| EPS (₹) | 4.65 | 5.64 | 5.62 | 2.42 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 15.35 | 10.23 | 8.95 | 8.95 |
| Reserves & surplus | 40.34 | 38.32 | 25.26 | 20.23 |
| Shareholders' funds (net worth) | 55.69 | 48.55 | 34.21 | 29.18 |
| Secured loans | 44.56 | 38.50 | 33.82 | 35.72 |
| Unsecured loans | 0.00 | 0.00 | 2.00 | 0.00 |
| Total debt | 44.56 | 38.50 | 35.82 | 35.72 |
| Total liabilities | 101 | 88.09 | 70.84 | 65.57 |
| Assets | ||||
| Gross block | 84.89 | 78.13 | 67.71 | 61.45 |
| Net block | 49.71 | 46.81 | 39.53 | 35.57 |
| Capital work in progress | 1.57 | 0.12 | 0.00 | 5.53 |
| Investments | 0.10 | 0.00 | 0.17 | 0.17 |
| Inventories | 34.80 | 33.09 | 26.27 | 36.65 |
| Sundry debtors | 51.25 | 42.08 | 35.46 | 20.66 |
| Cash & bank balances | 0.07 | 0.06 | 0.10 | 0.21 |
| Loans & advances | 6.09 | 4.51 | 2.80 | 6.11 |
| Total current assets | 92.21 | 79.74 | 64.63 | 63.63 |
| Total current liabilities | 40.26 | 36.43 | 31.17 | 37.30 |
| Net working capital | 51.95 | 43.31 | 33.46 | 26.33 |
| Total assets | 101 | 88.09 | 70.84 | 65.57 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 0.06 | 0.10 | 0.21 | 0.19 |
| Net cash from operating activities | 8.83 | 4.34 | 6.99 | 7.87 |
| Net cash from investing activities | (9.23) | (9.98) | (1.71) | (16.31) |
| Net cash from financing activities | 0.40 | 5.60 | (5.39) | 8.47 |
| Net change in cash | 0.01 | (0.04) | (0.11) | 0.03 |
| Closing cash | 0.07 | 0.06 | 0.10 | 0.21 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +12.8% | -15.5% | +20.5% | - |
| EBITDA growth | +25.3% | +4.0% | +42.8% | - |
| PBT growth | +41.2% | +8.8% | +53.1% | +9997.0% |
| Net income growth | +33.8% | +11.0% | +127.4% | - |
| Revenue CAGR (3Y) | +4.7% | - | - | - |
| EBITDA CAGR (3Y) | +23.0% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +3.6% | +3.3% | +2.4% | +1.3% |
| Return on capital employed | +17.1% | +16.5% | +18.0% | +12.9% |
| Return on net worth | +13.7% | +13.9% | +15.9% | +7.4% |
| Debt / equity | 0.80 | 0.90 | 1.13 | 1.22 |
| Long-term debt / equity | 0.16 | 0.21 | 0.36 | 0.42 |
| Interest cover | 37.68 | 46.55 | 47.05 | 51.12 |
| Efficiency & per share | ||||
| Fixed asset turnover | 2.43 | 2.41 | 3.22 | 2.81 |
| Inventory turnover | 5.84 | 5.92 | 6.61 | 4.71 |
| Debtors turnover | 4.25 | 4.53 | 7.41 | 8.35 |
| EPS (₹) | 4.65 | 5.64 | 5.62 | 2.42 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 36.29 | 47.45 | 38.21 | 32.59 |
To see the full year-wise statements and ratios of Shree TNB Polymers Limited, buy the company report.
Board of directors of Shree TNB Polymers Limited
Shree TNB Polymers has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Kumar Qeematrai Raura | Whole-Time Director | 09 Sep 2017 | 9 Years 2 Months | Current |
| Rasikbhai Gokalbhai Bhalodi | Managing Director | 23 Nov 2017 | 8 Years 11 Months | Current |
| Vijay Jaysukhlal Thosani Also directs: Urban House Realtors LLP | Whole-Time Director | 07 Mar 2007 | 19 Years 8 Months | Current |
| Jayesh Vinubhai Thummar Also directs: Fincubex Globus Private Limited, Thummar Technologies Private Limited, Credynova Solutions Private Limited and 1 more | Director | 24 Jan 2020 | 6 Years 9 Months | Current |
| Amit Kantilal Bhalodia Also directs: Tulip Lifespace LLP, Novatis Finovative Limited | Director | 24 Jan 2020 | 6 Years 9 Months | Current |
| Minal Ruchit Buch Also directs: SPK Exim Excellence LLP | Director | 15 Jul 2025 | 1 Years 4 Months | Current |
Peer comparison
Shree TNB Polymers Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Shree TNB Polymers Limitedthis company | ₹198.13 Cr (FY 2026) | ₹7.16 Cr | 3.6% | 12.8% | 172 | Silvassa, Dadra And Nagar Haveli, India |
| Ag Industries (Bawal) Private Limited | ₹177.17 Cr (FY 2025) | 21.0% | Bawal, Haryana, India | |||
| Pacoline Industries Private Limited | ₹176.86 Cr (FY 2025) | 14.0% | Pune, Maharashtra, India | |||
| Flexi Caps & Polymers Private Limited | ₹176.39 Cr (FY 2025) | -2.0% | Indore, Madhya Pradesh, India | |||
| Walter Pack Automotive Products India Private Limited | ₹174.96 Cr (FY 2025) | 12.0% | Pune, Maharashtra, India | |||
| Vin Plasticizers Private Limited | ₹174.89 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Prince Corp Private Limited | ₹174.45 Cr (FY 2025) | -15.0% | Mumbai, Maharashtra, India | |||
| Jai Balaji Maharaj Polymers India Private Limited | ₹174.18 Cr (FY 2025) | 174.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Shree TNB Polymers Limited, buy the company report.
Auditor
Shree TNB Polymers Limited is audited by P.M. Bagrecha & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.M. Bagrecha & CO | FY 2023 | 100860W |
Shareholding
The shareholding of Shree TNB 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 Shree TNB Polymers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2021 | 100464187 | Others | ₹64.39 Cr | Open | |
| 16 Jun 2021 | 100454620 | Others | ₹64.39 Cr | Open | |
| 30 Mar 2024 | 100929234 | Yes Bank Limited | ₹9.99 Cr | Satisfied | |
| 07 Jul 2020 | 100354947 | Others | ₹2.22 Cr | Satisfied | |
| 07 Jul 2020 | 100354960 | Others | ₹1.46 Cr | Satisfied |
To see the full charge records of Shree TNB Polymers Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Shree TNB Polymers Limited has 1 deal on record (1 ipo); the latest was in October 2026.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2026 | IPO | ₹31.8 Cr | Investors: Generational Capital Breakout Fund I, IMAP India Capital Investment Trust-Catalyst New India Fund, New India Vision Fund |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shree TNB Polymers Limited has 11 court cases on record: 11 filed by Shree TNB Polymers. 6 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 6 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Commercial suit | Filed by the company against Visaka Industries Ltd. and 1 other | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Balaji Fiber Reinforce Private Limited | Disposed |
| District court, Silvassa, DNH at Silvasa | Court case (Spl. C. S.) | Filed by the company against Alok Industries Ltd and 11 Ors and 11 others | Disposed |
| District court, Silvassa, DNH at Silvasa | Cheque dishonour complaint | Filed by the company against Nilam Industries | Pending |
| District court, Silvassa, DNH at Silvasa | Court case (S.C.S.) | Filed by the company against M/S. Jay Ramdev Krushiseva Kendra | Pending |
To see the full case history of Shree TNB 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
Shree TNB Polymers Limited was last rated by Icra on 28 Jun 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Jun 2019 |
To see the full credit ratings and regulatory alerts of Shree TNB Polymers Limited, buy the company report.
MSME payment delays
Shree TNB Polymers Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 8 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Fortune Stretch Pack | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Shree TNB Polymers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Shree TNB Polymers Limited has a workforce of 172 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 172 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Shree TNB Polymers Limited, buy the company report.
GST
Shree TNB Polymers has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAKCS6850P1ZJ | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
| 23AAKCS6850P1ZP | Madhya Pradesh | Active | 01 Jul 2017 |
| 24AAKCS6850P1ZN | Gujarat | Active | 01 Jul 2017 |
| 27AAKCS6850P1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shree TNB Polymers Limited, buy the company report.
Recent activity
Shree TNB Polymers Limited has 27 board changes on record since 2007: 16 appointments and 11 cessations. The latest: Minal Ruchit Buch was appointed as Director on 15 Jul 2025.
69 earlier events are in the company report.
Frequently asked questions
Shree TNB Polymers is an active public limited company based in Silvassa, Dadra And Nagar Haveli, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 07 March 2007 (19+ years old) and is registered under CIN U25209DN2007PLC000242. Listed on BSE: 544978.
Shree TNB Polymers reported revenue of ₹198.13 Cr for FY 2025-26 (up 12.8% YoY) based on standalone financials.
Shree TNB Polymers has 6 current directors:
- Rasikbhai Gokalbhai Bhalodi - Managing Director
- Deepak Kumar Qeematrai Raura - Whole-Time Director
- Vijay Jaysukhlal Thosani - Whole-Time Director
- Jayesh Vinubhai Thummar - Director
- Amit Kantilal Bhalodia - Director
- Minal Ruchit Buch - Director
The latest financial statements of Shree TNB Polymers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 13 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shree TNB Polymers is 26AAKCS6850P1ZJ, registered in Dadra and Nagar Haveli and Daman and Diu. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 23AAKCS6850P1ZP (Madhya Pradesh), 24AAKCS6850P1ZN (Gujarat), 27AAKCS6850P1ZH (Maharashtra).
The CIN (Corporate Identification Number) of Shree TNB Polymers is U25209DN2007PLC000242. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Shree TNB Polymers is a listed company as per MCA records. Its shares are listed on BSE (code: 544978).
Shree TNB Polymers has 11 court cases on record: 11 filed by the company. 6 are pending. Most are in the district courts.
Shree TNB Polymers was incorporated on 07 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shree TNB Polymers has 1 deal on record (1 ipo); the latest was in October 2026.
The peers of Shree TNB Polymers by revenue are Ag Industries (Bawal) Private Limited, Pacoline Industries Private Limited, Flexi Caps & Polymers Private Limited, Walter Pack Automotive Products India Private Limited, Vin Plasticizers Private Limited and 2 more, 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).
Minal Ruchit Buch was appointed as Director on 15 Jul 2025. Amit Kantilal Bhalodia was appointed as Director on 24 Jan 2020. Jayesh Vinubhai Thummar was appointed as Director on 24 Jan 2020. Shree TNB Polymers has 27 board changes on record in total.

