Nikhil Diamonds LLP
About Nikhil Diamonds LLP
Data last updated:
Nikhil Diamonds LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 30 June 2018 and has been in existence for over 8 years.
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAM-8942. Its GSTIN is 27AAPFN5356H1ZT (Maharashtra).
The LLP has a total obligation of contribution of ₹10 Lakh. It is led by designated partners including Mukesh Babulal Shah and Kinjal Akash Shah.
Its latest statement of accounts is for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the LLP reported a revenue of ₹26.4 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net profit of ₹83.28 Lakh (net margin 3.2%) and EBITDA of ₹84.35 Lakh (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 13% over five years.
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- Registered AddressCw4240 4th Floor Bharat Diamond Bourse G – Block Bandra Kurla Complex Bandra E, Ast., Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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
Financials of Nikhil Diamonds LLP FY 2024 filings available
Nikhil Diamonds LLP reported revenue of ₹26.4 Cr (down 62% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Nikhil Diamonds LLP
Revenue fell 62% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 31% 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 Nikhil Diamonds LLP
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | ₹26.4 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹83.28 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Nikhil Diamonds LLP
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Nikhil Diamonds are in the company report.
Financial statements from FY 2019
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.
Designated Partners of Nikhil Diamonds LLP
Nikhil Diamonds has 3 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Babulal Shah Also directs: Bhoomi Jewels Private Limited | Designated Partner | 30 Jun 2018 | 8 Years 3 Months | Current |
| Kinjal Akash Shah | Designated Partner | 01 Apr 2019 | 7 Years 6 Months | Current |
| Akash Mukesh Shah | Designated Partner | 30 Jun 2018 | 8 Years 3 Months | Current |
Ownership and Shareholding of Nikhil Diamonds LLP
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 Nikhil Diamonds LLP
Nikhil Diamonds LLP does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Nikhil Diamonds LLP
Employment history and EPFO contributions of people linked to Nikhil Diamonds.
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.
Recent Activity on Nikhil Diamonds LLP
Nikhil Diamonds LLP has 4 designated partner changes on record since 2018: 3 appointments and 1 cessation. The latest: Kinjal Akash Shah was appointed as Designated Partner on 01 Apr 2019.
Credit Ratings, Litigation & Regulatory Alerts for Nikhil Diamonds LLP
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 Nikhil Diamonds LLP
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 Nikhil Diamonds LLP
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 Nikhil Diamonds LLP
Nikhil Diamonds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPFN5356H1ZT | Maharashtra | Active | 12 Sep 2018 |
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 Nikhil Diamonds LLP
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 Nikhil Diamonds LLP
Nikhil Diamonds is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 30 June 2018 (8+ years old) and is registered under LLPIN AAM-8942.
Nikhil Diamonds reported revenue of ₹26.4 Cr for FY 2024 (down 62% YoY).
Nikhil Diamonds has 3 current designated partners:
- Mukesh Babulal Shah - Designated Partner
- Kinjal Akash Shah - Designated Partner
- Akash Mukesh Shah - Designated Partner
Nikhil Diamonds reported a net profit of ₹83.28 Lakh (net margin 3.2%) and EBITDA of ₹84.35 Lakh (EBITDA margin 3.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nikhil Diamonds is -3% over three years and 13% over five years. In the latest year (FY 2024) revenue fell 62%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nikhil Diamonds is 27AAPFN5356H1ZT, registered in Maharashtra.
The LLPIN (Limited Liability Partnership Identification Number) of Nikhil Diamonds is AAM-8942. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Nikhil Diamonds was incorporated on 30 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Kinjal Akash Shah was appointed as Designated Partner on 01 Apr 2019. Sharad Deoraj Jain ceased to be Designated Partner on 01 Apr 2019. Akash Mukesh Shah was appointed as Designated Partner on 30 Jun 2018. Nikhil Diamonds has 4 designated partner changes on record in total.
The registered office of Nikhil Diamonds is at Cw4240 4th Floor Bharat Diamond Bourse G – Block Bandra Kurla Complex Bandra E, Ast., Mumbai, Maharashtra, India – 400051.