Pal Textiles Private Limited
About Pal Textiles Private Limited
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Pal Textiles Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 20 February 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U47119GJ1989PTC011915. Its GSTIN is 24AABCP4040M1ZJ (Gujarat).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors Himanshu Prabhakantbhai Pal and Vikrambhai Prabhakant Pal.
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 Shed No. 8 Bhogilal Compound Near Gayatri Mandir B/H. Surat Mer. Co – Op Bank Ltd Vasta De, Vdi Road, Gujarat, India – 395003.
As per the financials filed for FY 2018, the company reported a revenue of ₹3.94 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net loss of ₹35.91 Lakh (net margin -9.1%) and EBITDA of -₹2.92 Lakh (EBITDA margin -0.7%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years.
As per MCA filings, the company has open charges of ₹7.96 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Pal Textiles Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShed No. 8 Bhogilal Compound Near Gayatri Mandir B/H. Surat Mer. Co – Op Bank Ltd Vasta De, Vdi Road, Gujarat, India – 395003
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Pal Textiles Private Limited, buy the company report.
- 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
Business activity
The main business activity of Pal Textiles is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Pal Textiles Private Limited, buy the company report.
Financials of Pal Textiles Private Limited
FY 2024 filings availablePal Textiles Private Limited reported revenue of ₹3.94 Cr (down 32% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over three years, including a 32% fall in the latest year. EBITDA fell 106% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹3.94 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹2.92 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹35.91 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -0.7% | |||
| Net Profit Margin | -9.1% | |||
| 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 Pal Textiles Private Limited, buy the company report.
Board of directors of Pal Textiles Private Limited
Pal Textiles has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Prabhakantbhai Pal Also directs: Sundram Fabricateors Pvt Ltd, Shivam Fabricaters Pvt Ltd, Rupam Textile Engineering Private Limited and 1 more | Director | 20 Feb 1989 | 37 Years 8 Months | Current |
| Vikrambhai Prabhakant Pal Also directs: Sundram Fabricateors Pvt Ltd, Shivam Fabricaters Pvt Ltd, Rupam Textile Engineering Private Limited and 1 more | Director | 01 Sep 2008 | 18 Years 2 Months | Current |
Peer comparison
Pal Textiles Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| A.Ganapathi Chettiar Private Limited | ₹3.95 Cr (FY 2025) | Tirupur, Tamil Nadu, India | ||||
| Creative Covers Private Limited | ₹3.94 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India | |||
| Pal Textiles Private Limitedthis company | ₹3.94 Cr (FY 2018) | -₹35.91 Lakh | -9.1% | -32.0% | Surat, Gujarat, India | |
| San Tubes Limited | ₹3.93 Cr (FY 2025) | 41.0% | Alwar, Rajasthan, India | |||
| HCP Prints Private Limited | ₹3.93 Cr (FY 2024) | 13.0% | Surat, Gujarat, India |
To see the full peer comparison of Pal Textiles Private Limited, buy the company report.
Auditor
Pal Textiles Private Limited is audited by ASHOK RAJPARA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK RAJPARA & ASSOCIATES | FY 2018 | 116124W |
Shareholding
The shareholding of Pal Textiles Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Pal Textiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2010 | 10199701 | The Surat Peoples Co.Operative Bank Limited | ₹30.48 Lakh | Open | |
| 05 Feb 2010 | 10200104 | The Surat People'S Co-Op Bank Ltd. | ₹1.5 Cr | Open | |
| 20 Oct 2008 | 10132907 | The Surat Peoples Co.Op.Bank Limited | ₹75 Lakh | Open | |
| 20 Oct 2008 | 10132910 | The Surat Peoples Co.Op.Bank Limited | ₹26.63 Lakh | Open | |
| 20 Oct 2008 | 10132911 | The Surat Peoples Co.Op.Bank Limited | ₹24.33 Lakh | Open |
To see the full charge records of Pal Textiles Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Pal Textiles Private Limited has 4 court cases on record: 2 filed by Pal Textiles, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by Shriram City Union Finance Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Shriram City Union Finance Ltd | Disposed |
| District court, SURAT, Gujarat | Court case (CMA DC) | Filed by the company against Shri Ram City Union Finance Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Ahmedabad Electricity Co.Ltd. | Disposed |
To see the full case history of Pal Textiles 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pal Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pal Textiles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCP4040M1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pal Textiles Private Limited, buy the company report.
Recent activity
Pal Textiles Private Limited has 3 board changes on record since 1989: 2 appointments and 1 cessation. The latest: Champaklal Bhaichand Patel ceased to be Director on 07 Jul 2011.
7 earlier events are in the company report.
Frequently asked questions
Pal Textiles is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 20 February 1989 (37+ years old) and is registered under CIN U47119GJ1989PTC011915.
Pal Textiles has 2 current directors:
- Himanshu Prabhakantbhai Pal - Director
- Vikrambhai Prabhakant Pal - Director
The latest financial statements of Pal Textiles 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 Pal Textiles is 24AABCP4040M1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Pal Textiles is U47119GJ1989PTC011915. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pal Textiles has 4 court cases on record: 2 filed by the company and 2 filed against it.
Pal Textiles was incorporated on 20 February 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Pal Textiles by revenue are A.Ganapathi Chettiar Private Limited, Creative Covers Private Limited, San Tubes Limited, HCP Prints Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Champaklal Bhaichand Patel ceased to be Director on 07 Jul 2011. Vikrambhai Prabhakant Pal was appointed as Director on 01 Sep 2008. Himanshu Prabhakantbhai Pal was appointed as Director on 20 Feb 1989.
The registered office of Pal Textiles is at Shed No. 8 Bhogilal Compound Near Gayatri Mandir BH. Surat Mer. Co – Op Bank Ltd Vasta De, Vdi Road, Gujarat, India – 395003.
Pal Textiles operates in the manufacturing industry, in the textile and fabric production segment.
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