Subhash Polytex Limited

Subhash Polytex Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U70101MH1972PLC015982 Incorporated 06 September 1972 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company manufacturing MSME · Medium
Data last updated
Revenue · FY 2025
₹270.7 Cr
▲ 3% YoY
Net profit · FY 2025
₹20.01 Cr
Net margin 7.4%
EBITDA · FY 2025
₹31.02 Cr
EBITDA margin 11.5%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹2.86 Cr
Issued & subscribed
Open charges
₹42.15 Cr
Satisfied ₹35.47 Cr
Company age
54 yrs
Est. 1972
Employees · EPFO
133
Provident fund records

About Subhash Polytex Limited

Data last updated:

Subhash Polytex Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 06 September 1972 and has been in existence for over 54 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH1972PLC015982. Its GSTIN is 03AABCS1418G1ZX (Punjab).

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹2.86 Cr. It was formerly known as Subhash Woollen Mills Pvt Ltd. It is led by directors including Saurabh Kejriwal (Managing Director) and Subhash Kejriwal (Whole-Time Director).

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 6 Shyam Nagarmajas Village Jogeshwari (E), Mumbai, Maharashtra, India – 400060.

As per the financials filed for FY 2025, the company reported a revenue of ₹270.7 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹20.01 Cr (net margin 7.4%) and EBITDA of ₹31.02 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 15% over five years.

The company has about 133 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹42.15 Cr and satisfied charges of ₹35.47 Cr on record. Court records list 20 cases involving the company, including 8 filed by the company and 12 filed against it; 1 case is pending. The company has 2 deals on record (2 secondary share transfers); the latest was in September 2018. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 6 overdue payments to 5 micro and small suppliers.

Subhash Polytex Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0002959). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sites.google.com.

Company details

CIN U70101MH1972PLC015982
Registration Number 015982
Incorporation Date 06 September 1972
ROC Mumbai
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-PB-12-0002959
Key People
Saurabh Kejriwal Managing Director Subhash Kejriwal Whole-Time Director Suresh Kumar Bansal Director

Recognitions & Rankings of Subhash Polytex

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-PB-12-0002959

Contact details

Subhash Polytex Limited's registered office is in Mumbai, Maharashtra. Its website is sites.google.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    sites.google.com
  • Registered Address
    Plot No 6 Shyam Nagarmajas Village Jogeshwari (E), Mumbai, Maharashtra, India – 400060
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Subhash Polytex Limited, buy the company report.

Comprehensive company report
Subhash Polytex 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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Business activity

The main business activity of Subhash Polytex is manufacturing. In detail, this covers manufacture of textiles.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing13Manufacture of textiles

To see the full business activity and turnover split of Subhash Polytex Limited, buy the company report.

Financials of Subhash Polytex Limited

FY 2024 filings available

Subhash Polytex Limited reported revenue of ₹270.7 Cr (up 3% YoY) for FY 2025.

Revenue · FY 2025
₹270.7 Cr ▲ 3%
Net profit · FY 2025
₹20.01 Cr margin 7.4%
EBITDA · FY 2025
₹31.02 Cr margin 11.5%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 6%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 11%
5 years · compounded
▲ 28%

Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 3% growth in the latest year. EBITDA rose 2% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹31.02 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹20.01 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin11.5%
Net Profit Margin7.4%
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

To see the full financial statements and ratios of Subhash Polytex Limited, buy the company report.

Board of directors of Subhash Polytex Limited

Subhash Polytex has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Suresh Kumar BansalDirector21 Mar 20206 Years 7 MonthsCurrent
Avnish Dhingra
Also directs: Garg Acrylics Limited, Twinkle Papers Limited, Puri Oil Mills Limited.
Director17 Jan 20242 Years 9 MonthsCurrent
Ashwani AroraDirector20 Jan 20242 Years 9 MonthsCurrent
Saurabh Kejriwal
Also directs: Athina Ventures LLP, Eco Spintex Private Limited
Managing Director01 Feb 200719 Years 9 MonthsCurrent
Subhash Kejriwal
Also directs: Eco Spintex Private Limited
Whole-Time Director31 Mar 197749 Years 7 MonthsCurrent
View all directors

Auditor

Subhash Polytex Limited is audited by A. KUMAR GUPTA & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
A. KUMAR GUPTA & CO.FY 2023000182N

Shareholding

The shareholding of Subhash Polytex 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Subhash Polytex Limited, buy the company report.

Charges & borrowings

Open charges
₹42.15 Cr
Satisfied charges
₹35.47 Cr
Breakdown by lending institutions
Axis Bank Limited₹39.85 Cr
Sidbi₹1.00 Cr
Indian Overseas Bank₹1.00 Cr
Others₹0.30 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 Aug 2024100979363Indian Overseas Bank₹1 CrOpen
01 Nov 2023100818132Others₹10 LakhOpen
13 Jun 2023100740450Sidbi₹1 CrOpen
15 Jul 2022100595878Others₹20 LakhOpen
27 Apr 2016100032542Axis Bank Limited₹39.85 CrOpen

To see the full charge records of Subhash Polytex Limited, buy the company report.

Total charge records: 24 View all charges

Deals & funding

Subhash Polytex Limited has 2 deals on record (2 secondary share transfers); the latest was in September 2018.

Total deals
2
Secondary share transfers
2

Deals on record (2 of 2)

WhenDealAmountParties
Sep 2018Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 3 individuals
Mar 2007Secondary share transferUndisclosedBuyer: an individual
Seller: an individual

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Subhash Polytex Limited was last rated by Crisil on 29 Apr 2016.

Rating agencyRated onRating
Crisil29 Apr 2016

To see the full credit ratings and regulatory alerts of Subhash Polytex Limited, buy the company report.

MSME payment delays

Subhash Polytex Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 6 overdue payments to 5 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 5)

SupplierAmount dueDue sinceReported on
Vikas Box Factory
an individual supplier
Gurmeet Impex Private Limited
an individual supplier
Om Processors Private Limited

To see the full MSME payment records of Subhash Polytex Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Subhash Polytex Limited has a workforce of 133 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.

Employee count
133
Active EPFO establishments
2
Employee growth
30.39%

GST

Subhash Polytex has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
03AABCS1418G1ZXPunjabActive01 Jul 2017

To see the full GST registrations and return filing status of Subhash Polytex Limited, buy the company report.

Recent activity

Subhash Polytex Limited has 13 board changes on record since 1977: 5 appointments and 8 cessations. The latest: Ashwani Arora ceased to be Additional Director on 29 Sep 2024.

Charges
A charge with Axis Bank Limited of Rs. 39.85 Cr registered on 27 Apr 2016 with Charge ID 100032542 was modified on 10 Sep 2025.
Charges
A charge registered on 20 Dec 2023 via Charge ID 100841011 with Others was fully satisfied on 09 Apr 2025.
AGM
Subhash Polytex Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Ashwani Arora ceased to be Additional Director.
Charges
A charge with Indian Overseas Bank amounted to Rs. 1.00 Cr with Charge ID 100979363 was registered on 31 Aug 2024.
Charges
A charge registered on 06 Nov 2021 via Charge ID 100505935 with Others was fully satisfied on 14 Jun 2024.
Filing
Subhash Polytex Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 29 Nov 2019 via Charge ID 100323829 with Others was fully satisfied on 28 Jan 2024.
Appointed
Ashwani Arora was appointed as Director.
Charges
A charge registered on 13 Jul 2023 via Charge ID 100757662 with Others was fully satisfied on 19 Jan 2024.
Appointed
Avnish Dhingra was appointed as Director.
Charges
A charge registered on 17 Sep 2020 via Charge ID 100371880 with Axis Bank Limited was fully satisfied on 27 Dec 2023.

51 earlier events are in the company report.

Frequently asked questions

Subhash Polytex is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 06 September 1972 (54+ years old) and is registered under CIN U70101MH1972PLC015982.

Subhash Polytex has 5 current directors:

The latest financial statements of Subhash Polytex 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 Subhash Polytex is 03AABCS1418G1ZX, registered in Punjab.

The CIN (Corporate Identification Number) of Subhash Polytex is U70101MH1972PLC015982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Subhash Polytex has 20 court cases on record: 8 filed by the company and 12 filed against it. 1 is pending. Most are in the district courts.

Subhash Polytex was incorporated on 06 September 1972, making it 54+ years old. It is registered with the Registrar of Companies, Mumbai.

Subhash Polytex has 2 deals on record (2 secondary share transfers); the latest was in September 2018.

Ashwani Arora ceased to be Additional Director on 29 Sep 2024. Ashwani Arora was appointed as Director on 20 Jan 2024. Avnish Dhingra was appointed as Director on 17 Jan 2024. Subhash Polytex has 13 board changes on record in total.

Yes, Subhash Polytex is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-12-0002959).

Subhash Polytex has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 6 overdue payments to 5 micro and small suppliers. The latest return was filed on 04 Jun 2019.