MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0031766
Palm Line Plastics Private Limited - home & lifestyle in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹11.1 Cr
▼ 16% YoY
Net profit · FY 2024
₹30.29 Lakh
Net margin 2.7%
EBITDA · FY 2024
₹85.04 Lakh
EBITDA margin 7.7%
Authorised capital
₹5.5 Lakh
Registered with MCA
Paid-up capital
₹5.4 Lakh
Issued & subscribed
Open charges
₹2.67 Cr
Secured borrowings
Company age
30 yrs
Est. 1996
Directors on board
5
As per MCA filings
About Palm Line Plastics Private Limited
Data last updated:
Palm Line Plastics Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the crockery and kitchenware manufacturing segment of the home and lifestyle products sector. It was incorporated on 08 April 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25200MH1996PTC098703. Its GSTIN is 27AABCP0570E1ZR (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5.5 Lakh and a paid-up capital of ₹5.4 Lakh. It is led by directors including Niraj Kesrimal Jain and Premkanta Keserimal Jain.
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 2024, the company reported a revenue of ₹11.1 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹30.29 Lakh (net margin 2.7%) and EBITDA of ₹85.04 Lakh (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹2.67 Cr on record.
Palm Line Plastics Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0031766). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website palmlineplast.com.
Company details
CIN U25200MH1996PTC098703
Registration Number 098703
Incorporation Date 08 April 1996
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-19-0031766
Key People
Niraj Kesrimal Jain Director Premkanta Keserimal Jain Director Vandana Lalit Jain Director Recognitions & Rankings of Palm Line Plastics
Contact details
Palm Line Plastics Private Limited's registered office is in Mumbai, Maharashtra. Its website is palmlineplast.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address502 Sukh Sagar Chs Plot No 101 Daulat Nagar, Road No 1, Mumbai, Maharashtra, India – 400066
- IndustryHome & Lifestyle, Crockery & Kitchenware Manufacturing
To see the full contact details of Palm Line Plastics Private Limited, buy the company report.
Comprehensive company report
Palm Line Plastics 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Palm Line Plastics is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Palm Line Plastics Private Limited, buy the company report.
Financials of Palm Line Plastics Private Limited
FY 2024 filings availablePalm Line Plastics Private Limited reported revenue of ₹11.1 Cr (down 16% YoY) for FY 2024.
Revenue · FY 2024
₹11.1 Cr ▼ 16%
Net profit · FY 2024
₹30.29 Lakh margin 2.7%
EBITDA · FY 2024
₹85.04 Lakh margin 7.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 11%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▲ 9%
5 years · compounded
▲ 19%
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹85.04 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.29 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 2.7% | ||||
| 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 Palm Line Plastics Private Limited, buy the company report.
Board of directors of Palm Line Plastics Private Limited
Palm Line Plastics has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niraj Kesrimal Jain | Director | 15 Jun 2018 | 8 Years 4 Months | Current |
| Premkanta Keserimal Jain | Director | 30 Nov 1996 | 29 Years 10 Months | Current |
| Vandana Lalit Jain | Director | 27 Jan 2005 | 21 Years 8 Months | Current |
| Shweta Niraj Jain | Director | 15 Apr 2008 | 18 Years 6 Months | Current |
| Lalit Kesrimal Jain | Director | 08 Apr 1996 | 30 Years 6 Months | Current |
Peer comparison
Palm Line Plastics Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Crockery and Utensils Manufacturers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Palm Line Plastics Private Limitedthis company | ₹11.1 Cr (FY 2024) | ₹30.29 Lakh | 2.7% | -16.0% | Mumbai, Maharashtra, India | |
| Shreya Microplast Private Limited | ₹11.1 Cr (FY 2024) | 11.0% | Ahmedabad, Gujarat, India | |||
| Bajaj Equipments Limited | ₹11.02 Cr (FY 2025) | 18.0% | Delhi, India | |||
| Vineet Plastics Limited | ₹11.01 Cr (FY 2023) | -24.0% | Uttar Pradesh, India | |||
| Pecasa Tableware Private Limited | ₹10.98 Cr (FY 2025) | 2850.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Palm Line Plastics Private Limited, buy the company report.
Auditor
Palm Line Plastics Private Limited is audited by ZENITH M JAIN & CO CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ZENITH M JAIN & CO CHARTERED ACCOUNTANTS | FY 2023 | 172264 |
Shareholding
The shareholding of Palm Line Plastics 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Palm Line Plastics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.67 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Oct 2023 | 100806371 | Sidbi | ₹67.26 Lakh | Open | |
| 06 Oct 2023 | 100793180 | Others | ₹2 Cr | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Palm Line Plastics Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Palm Line Plastics Private Limited has 4 MSME Form 1 returns on record between 2013 and 2019, listing 9 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Arihant Hi Tech Industries | |||
| an individual supplier | |||
| an individual supplier | |||
| Indian Oil Corporation Limited | |||
| an individual supplier |
To see the full MSME payment records of Palm Line Plastics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Palm Line Plastics has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCP0570E1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Palm Line Plastics Private Limited, buy the company report.
Recent activity
Palm Line Plastics Private Limited has 7 board changes on record since 1996: 5 appointments and 2 cessations. The latest: Niraj Kesrimal Jain ceased to be Additional Director on 29 Sep 2018.
AGM
Palm Line Plastics Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Palm Line Plastics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Sidbi amounted to Rs. 67.26 Lakh with Charge ID 100806371 was registered on 17 Oct 2023.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100793180 was registered on 06 Oct 2023.
Ceased
Niraj Kesrimal Jain ceased to be Additional Director.
Appointed
Niraj Kesrimal Jain was appointed as Director.
Ceased
Shweta Niraj Jain ceased to be Additional Director.
Appointed
Shweta Niraj Jain was appointed as Director.
Appointed
Vandana Lalit Jain was appointed as Director.
Appointed
Premkanta Keserimal Jain was appointed as Director.
Appointed
Lalit Kesrimal Jain was appointed as Director.
Incorporation
08 Apr 1996
Palm Line Plastics Private Limited was registered on 08 Apr 1996 with Roc Mumbai & aged 30 years 6 months as per MCA records.
Frequently asked questions
Palm Line Plastics is an active private limited company based in Mumbai, Maharashtra, India. The company works in crockery and kitchenware manufacturing, within the home and lifestyle industry. It was incorporated on 08 April 1996 (30+ years old) and is registered under CIN U25200MH1996PTC098703.
Palm Line Plastics has 5 current directors:
- Niraj Kesrimal Jain - Director
- Premkanta Keserimal Jain - Director
- Vandana Lalit Jain - Director
- Shweta Niraj Jain - Director
- Lalit Kesrimal Jain - Director
The latest financial statements of Palm Line Plastics 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 Palm Line Plastics is 27AABCP0570E1ZR, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Palm Line Plastics is U25200MH1996PTC098703. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palm Line Plastics was incorporated on 08 April 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Palm Line Plastics by revenue are Shreya Microplast Private Limited, Bajaj Equipments Limited, Vineet Plastics Limited, Pecasa Tableware Private Limited, all in the Consumer Products industry (Crockery and Utensils Manufacturers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Niraj Kesrimal Jain ceased to be Additional Director on 29 Sep 2018. Niraj Kesrimal Jain was appointed as Director on 15 Jun 2018. Shweta Niraj Jain ceased to be Additional Director on 25 Sep 2008. Palm Line Plastics has 7 board changes on record in total.
Yes, Palm Line Plastics is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0031766).
Palm Line Plastics has 4 MSME Form 1 returns on record between 2013 and 2019, listing 9 overdue payments to 9 micro and small suppliers. The latest return was filed on 28 May 2019.
Palm Line Plastics can be reached through the website palmlineplast.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Palm Line Plastics is at 502 Sukh Sagar Chs Plot No 101 Daulat Nagar, Road No 1, Mumbai, Maharashtra, India – 400066.