Oiltech Lubricants Private Limited

Oiltech Lubricants Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U23209MH2006PTC158745 Incorporated 09 January 2006 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company chemicals and materials MSME · Small
Data last updated
Revenue · FY 2025
₹12.8 Cr
▼ 30% YoY
Net profit · FY 2025
₹13.59 Lakh
Net margin 1.1%
EBITDA · FY 2025
₹63.24 Lakh
EBITDA margin 4.9%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Open charges
₹2.49 Cr
Secured borrowings
Company age
20 yrs
Est. 2006
Directors on board
2
As per MCA filings

About Oiltech Lubricants Private Limited

Data last updated:

Oiltech Lubricants Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 09 January 2006 and has been in existence for over 20 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U23209MH2006PTC158745. Its GSTIN is 27AAACO8022F1ZO (Maharashtra).

The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Manisha Hitesh Masrani (Whole-Time Director) and Hitesh Himmatlal Masrani (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 Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹12.8 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹13.59 Lakh (net margin 1.1%) and EBITDA of ₹63.24 Lakh (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 5% over five years.

As per MCA filings, the company has open charges of ₹2.49 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.

Oiltech Lubricants Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0065860). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website strydol.com.

Company details

CIN U23209MH2006PTC158745
Registration Number 158745
Incorporation Date 09 January 2006
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 Small
Udyam Registration UDYAM-MH-19-0065860
Key People
Manisha Hitesh Masrani Whole-Time Director Hitesh Himmatlal Masrani Whole-Time Director

Recognitions & Rankings of Oiltech Lubricants

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-19-0065860

Contact details

Oiltech Lubricants Private Limited's registered office is in Mumbai, Maharashtra. Its website is strydol.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    strydol.com
  • Social Media
  • Registered Address
    603 304 Mahalaxmi Centre Premises Chs Ltd Opp Balbharti School S.V. Road Kandiva, Li West, Mumbai, Maharashtra, India – 400067
  • Industry
    Chemicals and Materials, Petrochemicals & Derivatives

To see the full contact details of Oiltech Lubricants Private Limited, buy the company report.

Comprehensive company report
Oiltech Lubricants 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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Business activity

The main business activity of Oiltech Lubricants is manufacturing. In detail, this covers coke and refined petroleum products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC5Coke and refined petroleum products

To see the full business activity and turnover split of Oiltech Lubricants Private Limited, buy the company report.

Financials of Oiltech Lubricants Private Limited

FY 2024 filings available

Oiltech Lubricants Private Limited reported revenue of ₹12.8 Cr (down 30% YoY) for FY 2025.

Revenue · FY 2025
₹12.8 Cr ▼ 30%
Net profit · FY 2025
₹13.59 Lakh margin 1.1%
EBITDA · FY 2025
₹63.24 Lakh margin 4.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 7%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 6%
5 years · compounded
▲ 12%

Revenue fell 30% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 18% 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₹63.24 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹13.59 Lakh
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 Margin4.9%
Net Profit Margin1.1%
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 Oiltech Lubricants Private Limited, buy the company report.

Board of directors of Oiltech Lubricants Private Limited

Oiltech Lubricants has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Manisha Hitesh MasraniWhole-Time Director01 Nov 201115 Years 0 MonthsCurrent
Hitesh Himmatlal MasraniWhole-Time Director09 Jan 200620 Years 9 MonthsCurrent
View all directors

Peer comparison

Oiltech Lubricants Private Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Lubricants, Petrochemicals), with the same principal business activity (coke and refined petroleum products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Bihar Carbons Private Limited₹12.83 Cr (FY 2024)-59.0%Barauni, Bihar, India
Oiltech Lubricants Private Limitedthis company₹12.8 Cr (FY 2025)₹13.59 Lakh1.1%-30.0%Mumbai, Maharashtra, India
RSR Petro Chemicals Private Limited₹12.67 Cr (FY 2025)25.0%New Delhi, Delhi, India
LN Petrochem Private Limited₹11.97 Cr (FY 2024)-29.0%New Delhi, Delhi, India

To see the full peer comparison of Oiltech Lubricants Private Limited, buy the company report.

Auditor

Oiltech Lubricants Private Limited is audited by RASHMEE ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
RASHMEE ASSOCIATESFY 2023017933

Shareholding

The shareholding of Oiltech Lubricants Private 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 Oiltech Lubricants Private Limited, buy the company report.

Charges & borrowings

Open charges
₹2.49 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹1.99 Cr
Canara Bank₹0.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Sep 2020100377551Others₹1.99 CrOpen
17 Feb 201410488365Canara Bank₹5.95 LakhOpen
19 Dec 201210399530Canara Bank₹44 LakhOpen

To see the full charge records of Oiltech Lubricants Private Limited, buy the company report.

Total charge records: 3 View all charges

MSME payment delays

Oiltech Lubricants Private Limited has 22 MSME Form 1 returns on record between 2019 and 2023, listing 602 overdue payments to 66 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 66)

SupplierAmount dueDue sinceReported on
Petrochem Industries
an individual supplier
Mitsu Chem Plast Limited
an individual supplier
Jetabhai Doongarshi Transport Co.

To see the full MSME payment records of Oiltech Lubricants Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Oiltech Lubricants has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACO8022F1ZOMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Oiltech Lubricants Private Limited, buy the company report.

Recent activity

Oiltech Lubricants Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Hitesh Himmatlal Masrani ceased to be Director on 25 Sep 2014.

AGM
Oiltech Lubricants Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Oiltech Lubricants Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others of Rs. 199.00 Lakh registered on 30 Sep 2020 with Charge ID 100377551 was modified on 21 Aug 2023.
Charges
A charge with Others amounted to Rs. 199.00 Lakh with Charge ID 100377551 was registered on 30 Sep 2020.
Charges
A charge with Canara Bank of Rs. 44.00 Lakh registered on 19 Dec 2012 with Charge ID 10399530 was modified on 21 Oct 2014.
Ceased
Hitesh Himmatlal Masrani ceased to be Director.
Charges
A charge with Canara Bank amounted to Rs. 5.95 Lakh with Charge ID 10488365 was registered on 17 Feb 2014.
Charges
A charge with Canara Bank amounted to Rs. 44.00 Lakh with Charge ID 10399530 was registered on 19 Dec 2012.
Ceased
Manisha Hitesh Masrani ceased to be Additional Director.
Ceased
Jagdishchandra Himmatlal Masrani ceased to be Director.
Appointed
Manisha Hitesh Masrani was appointed as Whole-Time Director.
Appointed
Hitesh Himmatlal Masrani was appointed as Whole-Time Director.

1 earlier event is in the company report.

Frequently asked questions

Oiltech Lubricants is an active private limited company based in Mumbai, Maharashtra, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 09 January 2006 (20+ years old) and is registered under CIN U23209MH2006PTC158745.

Oiltech Lubricants has 2 current directors:

The latest financial statements of Oiltech Lubricants 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 Oiltech Lubricants is 27AAACO8022F1ZO, registered in Maharashtra.

The CIN (Corporate Identification Number) of Oiltech Lubricants is U23209MH2006PTC158745. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Oiltech Lubricants has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending.

Oiltech Lubricants was incorporated on 09 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Oiltech Lubricants by revenue are Bihar Carbons Private Limited, RSR Petro Chemicals Private Limited, LN Petrochem Private Limited, all in the Chemicals industry (Lubricants, Petrochemicals), with the same principal business activity (coke and refined petroleum products).

Hitesh Himmatlal Masrani ceased to be Director on 25 Sep 2014. Manisha Hitesh Masrani ceased to be Additional Director on 29 Sep 2012. Jagdishchandra Himmatlal Masrani ceased to be Director on 09 Nov 2011. Oiltech Lubricants has 5 board changes on record in total.

Yes, Oiltech Lubricants is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0065860).

Oiltech Lubricants has 22 MSME Form 1 returns on record between 2019 and 2023, listing 602 overdue payments to 66 micro and small suppliers. The latest return was filed on 09 Feb 2024.

Oiltech Lubricants can be reached through the website strydol.com. Its registered office is in Mumbai, Maharashtra, India.