Palomar Textiles Limited
About Palomar Textiles Limited
Data last updated:
Palomar Textiles Limited is a public limited company based in Surat, Gujarat, India. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 19 November 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65990GJ1990PLC014657.
The company has an authorised share capital of ₹4.6 Cr and a paid-up capital of ₹8 Lakh. It is led by directors including Suhail Praful Shah and Praful Amichand Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Dr Amichand Shah Wadirampura Tunki, Surat, Gujarat, India – 395003.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.15 Lakh. For the same year it recorded a net profit of ₹61,055 (net margin 53.1%) and EBITDA of ₹76,080 (EBITDA margin 66.2%). Revenue has declined at a compounded annual rate (CAGR) of 337% over three years and 41% over five years.
As per MCA filings, the company has satisfied charges of ₹3.93 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- TelephoneLocked
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- Registered AddressDr Amichand Shah Wadirampura Tunki, Surat, Gujarat, India – 395003
- IndustryTrading, Other Wholesale, Wholesale
- 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 Palomar Textiles Limited
The main business activity of Palomar Textiles is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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.
Financials of Palomar Textiles Limited FY 2025 filings available
Palomar Textiles Limited reported revenue of ₹1.15 Lakh for FY 2025.
Compounded Annual Growth Rate (CAGR) of Palomar Textiles Limited
Revenue has declined at a compounded annual rate (CAGR) of 41% over five years. EBITDA rose 169% 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 Palomar Textiles 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 | ₹76,080 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹61,055 | •••• | •••• | •••• | •••• |
| 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 Palomar Textiles Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 66.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 53.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Palomar Textiles 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.
Peer Comparison of Palomar Textiles Limited
Palomar Textiles Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Trepechy Textile Limited | ₹1.16 Lakh (FY 2025) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| Murudeshwar Garments Private Limited | ₹1.16 Lakh (FY 2020) | •••• | •••• | -69.0% | •••• | Taluk : Honnavar, Karnataka, India |
| Goyal Jute Mills Private Limited | ₹1.15 Lakh (FY 2025) | •••• | •••• | 34.0% | •••• | Kolkata, West Bengal, India |
| Shivoy Textile Private Limited | ₹1.15 Lakh (FY 2025) | •••• | •••• | •••• | B/H Shirdidham, Varachha, Gujarat, India | |
| Radoss Enterprise Private Limited | ₹1.15 Lakh (FY 2024) | •••• | •••• | -43.0% | •••• | Delhi, India |
| Palomar Textiles Limited this company | ₹1.15 Lakh (FY 2025) | •••• | •••• | •••• | Surat, Gujarat, India | |
| Sarita Polymers Private Limited | ₹1.14 Lakh (FY 2022) | •••• | •••• | •••• | Delhi, India | |
| Modern Fashions Pvt.Ltd. | ₹1.14 Lakh (FY 2025) | •••• | •••• | 78.0% | •••• | Kolkata, West Bengal, India |
| Shree Chakradhar Processor Private Limited | ₹1.13 Lakh (FY 2025) | •••• | •••• | •••• | Sachin, Gujarat, India | |
| Panna Synthetics Private Limited | ₹1.13 Lakh (FY 2023) | •••• | •••• | -92.0% | •••• | Punjab, India |
| Prudentpulse Securities Private Limited | ₹1.13 Lakh (FY 2025) | •••• | •••• | -84.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Palomar Textiles by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Palomar Textiles Limited
Palomar Textiles Limited is audited by Bipinchandra J.Modi & Co. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Bipinchandra J.Modi & 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 Palomar Textiles Limited
Palomar Textiles has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suhail Praful Shah | Director | 11 Dec 2009 | 16 Years 9 Months | Current |
| Praful Amichand Shah | Director | 11 Dec 2009 | 16 Years 9 Months | Current |
| Alok Praful Shah | Director | 11 Dec 2009 | 16 Years 9 Months | Current |
Ownership and Shareholding of Palomar Textiles 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 Palomar Textiles Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Dec 2017 | Idbi Trusteeship Services Limited | ₹3.93 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Palomar Textiles Limited
Palomar Textiles Limited has 3 court cases on record: 3 filed by Palomar Textiles. All cases are disposed. Status as checked between 29 Sep 2026 and 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (OJA) | Filed by the company | Disposed |
| High Court of Gujarat | Court case (COMP) | Filed by the company | Disposed |
| High Court of Gujarat | Commercial suit | Filed by the company | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Palomar Textiles Limited
Employment history and EPFO contributions of people linked to Palomar Textiles.
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.
Recent Activity on Palomar Textiles Limited
Palomar Textiles Limited has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Mehernosh Dhanjishaw Baria ceased to be Director on 18 Dec 2009.
Credit Ratings, Litigation & Regulatory Alerts for Palomar Textiles 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 Palomar Textiles 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 Palomar Textiles 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.
GST Compliance of Palomar Textiles Limited
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.
MCA Filings & Documents of Palomar Textiles 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.
Frequently Asked Questions about Palomar Textiles Limited
Palomar Textiles is an active public limited company based in Surat, Gujarat, India. The company works in other wholesale, within the trading industry. It was incorporated on 19 November 1990 (36+ years old) and is registered under CIN U65990GJ1990PLC014657.
Palomar Textiles reported revenue of ₹1.15 Lakh for FY 2025.
Palomar Textiles has 3 current directors:
- Suhail Praful Shah - Director
- Praful Amichand Shah - Director
- Alok Praful Shah - Director
Palomar Textiles reported a net profit of ₹61,055 (net margin 53.1%) and EBITDA of ₹76,080 (EBITDA margin 66.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Palomar Textiles is 337% over three years and -41% over five years. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Palomar Textiles is U65990GJ1990PLC014657. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palomar Textiles has 3 court cases on record: 3 filed by the company.
Palomar Textiles was incorporated on 19 November 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Palomar Textiles by revenue are Trepechy Textile Limited, Murudeshwar Garments Private Limited, Goyal Jute Mills Private Limited, Shivoy Textile Private Limited, Radoss Enterprise Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Mehernosh Dhanjishaw Baria ceased to be Director on 18 Dec 2009. Navinchandra Kikubhai Desai ceased to be Director on 18 Dec 2009. Yusuf Huseni Akikwala ceased to be Director on 18 Dec 2009. Palomar Textiles has 6 board changes on record in total.
The registered office of Palomar Textiles is at Dr Amichand Shah Wadirampura Tunki, Surat, Gujarat, India – 395003.