Pal Ceramic Private Limited
About Pal Ceramic Private Limited
Data last updated:
Pal Ceramic Private Limited is a private limited company based in Thangadh, Gujarat, India. It operates in the sports goods segment of the musical instruments sector. It was incorporated on 22 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2015PTC081990. Its GSTIN is 24AAHCP9814F1ZC (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹49 Lakh. It is led by directors Bhavesh Navinchandra Lakhtaria and Hiren Navinchandra Lakhataria.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pal Ceramic Pvt Ltd Survey No. 216/2 Near Prakash Ceramic Vagadiya Road, Thangadh, Gujarat, India – 363530.
As per the financials filed for FY 2025, the company reported a revenue of ₹6 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹23.92 Lakh (net margin 4%) and EBITDA of ₹81.58 Lakh (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 25% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPal Ceramic Pvt Ltd Survey No. 216/2 Near Prakash Ceramic Vagadiya Road, Thangadh, Gujarat, India – 363530
- IndustryMusical Instruments, Sports Goods, Musical Instrument, Manufacturing, Jewellery
- 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
Business Activity of Pal Ceramic Private Limited
The main business activity of Pal Ceramic is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Pal Ceramic Private Limited
Pal Ceramic Private Limited is audited by DIPAK P. SHAH & CO. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DIPAK P. SHAH & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Pal Ceramic Private Limited
Pal Ceramic has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavesh Navinchandra Lakhtaria | Director | 13 Aug 2021 | 5 Years 1 Months | Current |
| Hiren Navinchandra Lakhataria | Director | 16 Feb 2015 | 11 Years 7 Months | Current |
Financials of Pal Ceramic Private Limited FY 2025 filings available
Pal Ceramic Private Limited reported revenue of ₹6 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Pal Ceramic Private Limited
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 25%. EBITDA fell 25% 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 Pal Ceramic Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹81.58 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.92 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 of Pal Ceramic Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Pal Ceramic are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Pal Ceramic Private Limited
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 Pal Ceramic Private Limited
Pal Ceramic Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Pal Ceramic Private Limited
Employment history and EPFO contributions of people linked to Pal Ceramic.
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.
GST Compliance of Pal Ceramic Private Limited
Pal Ceramic has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCP9814F1ZC | Gujarat | Active | 01 Jul 2017 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Pal Ceramic Private Limited
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 Pal Ceramic Private Limited
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 Pal Ceramic Private Limited
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.
MCA Filings & Documents of Pal Ceramic Private Limited
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.
Recent Activity on Pal Ceramic Private Limited
Frequently Asked Questions about Pal Ceramic Private Limited
Pal Ceramic is an active private limited company based in Thangadh, Gujarat, India. The company works in sports goods, within the musical instruments industry. It was incorporated on 22 January 2015 (11+ years old) and is registered under CIN U26933GJ2015PTC081990.
Pal Ceramic reported revenue of ₹6 Cr for FY 2025 (down 19% YoY).
Pal Ceramic has 2 current directors:
- Bhavesh Navinchandra Lakhtaria - Director
- Hiren Navinchandra Lakhataria - Director
Pal Ceramic reported a net profit of ₹23.92 Lakh (net margin 4%) and EBITDA of ₹81.58 Lakh (EBITDA margin 13.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pal Ceramic is 25% over five years. In the latest year (FY 2025) revenue fell 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pal Ceramic is 24AAHCP9814F1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of Pal Ceramic is U26933GJ2015PTC081990. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pal Ceramic was incorporated on 22 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Pal Ceramic is at Pal Ceramic Pvt Ltd Survey No. 2162 Near Prakash Ceramic Vagadiya Road, Thangadh, Gujarat, India – 363530.