MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-32-0008988
Nova-Tech Refractories Private Limited - machinery and equipment in Makansar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.11 Cr
▼ 73% YoY
Net loss · FY 2025
₹96.38 Lakh
Net margin -45.8%
EBITDA · FY 2025
-₹1.23 Lakh
EBITDA margin -0.6%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹9.42 Cr
Satisfied ₹5.03 Cr
Company age
20 yrs
Est. 2006
Directors on board
4
As per MCA filings
About Nova-Tech Refractories Private Limited
Data last updated:
Nova-Tech Refractories Private Limited is a private limited company based in Makansar, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 17 October 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26915GJ2006PTC049244. Its GSTIN is 24AAKCS2289N1ZQ (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It was formerly known as Stark Alluminagres Private Limited. It is led by directors including Ashvin Dhanjibhai Shirvi and Ashishkumar Vallabhdas Kaneria.
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 Survey No. 129/P National Highway – 8A Tal. Morbi (Dist. Rajkot), Makansar, Gujarat, India – 363642.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.11 Cr, a decline of 73% compared to the previous year. For the same year it recorded a net loss of ₹96.38 Lakh (net margin -45.8%) and EBITDA of -₹1.23 Lakh (EBITDA margin -0.6%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 13% over five years.
The company is associated with 1 brand: Nova-Tech. As per MCA filings, the company has open charges of ₹9.42 Cr and satisfied charges of ₹5.03 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
Nova-Tech Refractories Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0008988). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website stark.net.in.
Company details
CIN U26915GJ2006PTC049244
Registration Number 049244
Incorporation Date 17 October 2006
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 Small
Udyam Registration UDYAM-GJ-32-0008988
Name history
Nova-Tech Refractories has undergone 3 name changes throughout its history. The company was previously known as Stark Alluminagres Private Limited, Nova Tech Refractories Private Limited, and Novatech Refractories Private Limited. The current legal name is Nova-Tech Refractories Private Limited.
| Company Name | Status |
|---|---|
| Nova-Tech Refractories Private Limited | Current |
| Stark Alluminagres Private Limited | Previous |
| Nova Tech Refractories Private Limited | Previous |
| Novatech Refractories Private Limited | Previous |
Key People
Ashvin Dhanjibhai Shirvi Director Ashishkumar Vallabhdas Kaneria Director Mayank Dilipbhai Manvar Director Recognitions & Rankings of Nova-Tech Refractories
Contact details
Nova-Tech Refractories Private Limited's registered office is in Makansar, Gujarat. Its website is stark.net.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 129/P National Highway – 8A Tal. Morbi (Dist. Rajkot), Makansar, Gujarat, India – 363642
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Nova-Tech Refractories Private Limited, buy the company report.
Comprehensive company report
Nova-Tech Refractories Private 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
Nova-Tech Refractories operates one associated brand: NOVA-TECH. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of ceramic rollers and related products for the ceramic industry in India. | nova-tech.in |
Business activity
The main business activity of Nova-Tech Refractories is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Nova-Tech Refractories Private Limited, buy the company report.
Financials of Nova-Tech Refractories Private Limited
FY 2024 filings availableNova-Tech Refractories Private Limited reported revenue of ₹2.11 Cr (down 73% YoY) for FY 2025.
Revenue · FY 2025
₹2.11 Cr ▼ 73%
Net loss · FY 2025
₹96.38 Lakh margin -45.8%
EBITDA · FY 2025
-₹1.23 Lakh margin -0.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 73%
3 years · compounded
▼ 27%
5 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▼ 101%
3 years · compounded
▼ 26%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 73% fall in the latest year. EBITDA fell 101% 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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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.23 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹96.38 Lakh | ||||
| Balance Sheet | |||||
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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 | -0.6% | ||||
| Net Profit Margin | -45.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Nova-Tech Refractories Private Limited, buy the company report.
Board of directors of Nova-Tech Refractories Private Limited
Nova-Tech Refractories has 4 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 |
|---|---|---|---|---|
| Ashvin Dhanjibhai Shirvi | Director | 28 Oct 2016 | 9 Years 11 Months | Current |
| Ashishkumar Vallabhdas Kaneria Also directs: Saga Cera Chem LLP | Director | 14 Aug 2013 | 13 Years 2 Months | Current |
| Mayank Dilipbhai Manvar | Director | 07 Apr 2017 | 9 Years 6 Months | Current |
| Jayprakash Dhanjibhai Shirvi Also directs: Simolex Ceramic Private Limited | Director | 04 Jan 2020 | 6 Years 9 Months | Current |
Auditor
Nova-Tech Refractories Private Limited is audited by S. K. Mehta & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. K. Mehta & Associates | FY 2022 | 129969W |
Shareholding
The shareholding of Nova-Tech Refractories Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nova-Tech Refractories Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.42 Cr
Satisfied charges
₹5.03 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2017 | 100137877 | Canara Bank | ₹9.42 Cr | Open | |
| 20 May 2013 | 10433820 | Dena Bank | ₹1.2 Cr | Satisfied | |
| 16 Jan 2007 | 10034707 | State Bank of India | ₹3.83 Cr | Satisfied |
To see the full charge records of Nova-Tech Refractories Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Nova-Tech Refractories Private Limited has 2 court cases on record: 2 filed by Nova-Tech Refractories. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against Suntale Ceramic Pvt Ltd (GJ) and 2 others | Pending |
| District court, MORBI, Gujarat | Court case (CR EN) | Filed by the company against Suntale Ceramic Pvt Ltd (GJ) and 2 others | Disposed |
To see the full case history of Nova-Tech Refractories Private 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
Nova-Tech Refractories Private Limited was last rated by Crisil on 26 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 26 Aug 2020 |
To see the full credit ratings and regulatory alerts of Nova-Tech Refractories Private Limited, buy the company report.
MSME payment delays
Nova-Tech Refractories Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 26 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sahkar Hardware | |||
| an individual supplier | |||
| Hardip Shipping Logistics Private Limited | |||
| Astron Zircon Private Limited | |||
| Orient Ceratech Limited |
To see the full MSME payment records of Nova-Tech Refractories Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Nova-Tech Refractories has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCS2289N1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nova-Tech Refractories Private Limited, buy the company report.
Recent activity
Nova-Tech Refractories Private Limited has 8 board changes on record since 2013: 4 appointments and 4 cessations. The latest: Jayprakash Dhanjibhai Shirvi was appointed as Director on 04 Jan 2020.
AGM
Nova-Tech Refractories Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Nova-Tech Refractories Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Canara Bank of Rs. 9.42 Cr registered on 09 Oct 2017 with Charge ID 100137877 was modified on 07 Dec 2021.
Appointed
Jayprakash Dhanjibhai Shirvi was appointed as Director.
Charges
A charge with Canara Bank amounted to Rs. 9.42 Cr with Charge ID 100137877 was registered on 09 Oct 2017.
Charges
A charge registered on 20 May 2013 via Charge ID 10433820 with Dena Bank was fully satisfied on 09 Jun 2017.
Appointed
Mayank Dilipbhai Manvar was appointed as Director.
Ceased
Jayantilal Keshavjibhai Detroja ceased to be Director.
Appointed
Ashvin Dhanjibhai Shirvi was appointed as Director.
Ceased
Pravinchandra Keshavji Detroja ceased to be Director.
Appointed
Ashishkumar Vallabhdas Kaneria was appointed as Director.
Charges
A charge with Dena Bank of Rs. 1.20 Cr registered on 20 May 2013 with Charge ID 10433820 was modified on 19 Jun 2013.
7 earlier events are in the company report.
Frequently asked questions
Nova-Tech Refractories is an active private limited company based in Makansar, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 17 October 2006 (20+ years old) and is registered under CIN U26915GJ2006PTC049244.
Nova-Tech Refractories has 4 current directors:
- Ashvin Dhanjibhai Shirvi - Director
- Ashishkumar Vallabhdas Kaneria - Director
- Mayank Dilipbhai Manvar - Director
- Jayprakash Dhanjibhai Shirvi - Director
The latest financial statements of Nova-Tech Refractories 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 Nova-Tech Refractories is 24AAKCS2289N1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Nova-Tech Refractories is U26915GJ2006PTC049244. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nova-Tech Refractories has 2 court cases on record: 2 filed by the company. 1 is pending.
Nova-Tech Refractories was incorporated on 17 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jayprakash Dhanjibhai Shirvi was appointed as Director on 04 Jan 2020. Mayank Dilipbhai Manvar was appointed as Director on 07 Apr 2017. Jayantilal Keshavjibhai Detroja ceased to be Director on 07 Nov 2016. Nova-Tech Refractories has 8 board changes on record in total.
Yes, Nova-Tech Refractories is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-32-0008988).
Nova-Tech Refractories has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 26 overdue payments to 11 micro and small suppliers. The latest return was filed on 01 Jun 2019.
Nova-Tech Refractories can be reached through the website stark.net.in. Its registered office is in Makansar, Gujarat, India.