Patel Timbers Limited
About Patel Timbers Limited
Data last updated:
Patel Timbers Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 14 June 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U02005MP1988PLC004650. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹98.1 Lakh. It was formerly known as Patel Timbers Private Limited. It is led by directors including Daxal Ben Patel and Deval Patel.
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 60 Patel Nagar Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.68 Lakh, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹1.39 Lakh (net margin 24.4%) and EBITDA of ₹1.85 Lakh (EBITDA margin 32.7%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹7.16 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Patel Timbers has one previous CIN (Corporate Identification Number): U02005MP1988PTC004650. The current CIN is U02005MP1988PLC004650, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U02005MP1988PLC004650 | Current |
| U02005MP1988PTC004650 | Previous |
Contact details
Patel Timbers Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address60 Patel Nagar Indore, Madhya Pradesh, India – 452001
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Patel Timbers 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 Patel Timbers is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Patel Timbers Limited, buy the company report.
Financials of Patel Timbers Limited
FY 2024 filings availablePatel Timbers Limited reported revenue of ₹5.68 Lakh (down 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 26% fall in the latest year. EBITDA fell 8% 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 |
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| EBITDA | ₹1.85 Lakh | ||||
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| Net Profit (PAT) | ₹1.39 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.7% | ||||
| Net Profit Margin | 24.4% | ||||
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To see the full financial statements and ratios of Patel Timbers Limited, buy the company report.
Board of directors of Patel Timbers Limited
Patel Timbers 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 |
|---|---|---|---|---|
| Daxal Ben Patel | Director | 14 Jun 1988 | 38 Years 4 Months | Current |
| Deval Patel | Director | 04 Mar 2011 | 15 Years 7 Months | Current |
| Kaushal Patel Also directs: Tithi Infrastructure Private Limited | Director | 21 May 2014 | 12 Years 5 Months | Current |
Peer comparison
Patel Timbers Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sindhikars Agro Producer Company Limited | ₹5.69 Lakh (FY 2025) | 7.0% | Nanded, Maharashtra, India | |||
| Bingberry Agritech Private Limited | ₹5.69 Lakh (FY 2022) | 80.0% | New Delhi, Delhi, India | |||
| Agriworths Private Limited | ₹5.68 Lakh (FY 2024) | 0.0% | Cuttack, Odisha, India | |||
| Patel Timbers Limitedthis company | ₹5.68 Lakh (FY 2024) | ₹1.39 Lakh | 24.4% | -26.0% | Indore, Madhya Pradesh, India | |
| Nagwanshi Agro Farmer Producer Company Limited | ₹5.67 Lakh (FY 2025) | 2.0% | Washim, Maharashtra, India |
To see the full peer comparison of Patel Timbers Limited, buy the company report.
Auditor
Patel Timbers Limited is audited by NASA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NASA & ASSOCIATES | FY 2023 | 010276C |
Shareholding
The shareholding of Patel Timbers 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 Patel Timbers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2011 | 10297647 | State Bank of India Smeccc | ₹85.45 Lakh | Open | |
| 25 Sep 1997 | 90210163 | Lloyds Finance Ltd. | ₹2.06 Lakh | Open | |
| 10 Apr 1997 | 90207988 | Indusind Bank Limited | ₹3 Cr | Open | |
| 14 Dec 1995 | 90207740 | Dena Bank | ₹3 Cr | Open | |
| 15 Mar 1990 | 90201387 | Madhya Pradesh Financial Corporation | ₹28.9 Lakh | Open |
To see the full charge records of Patel Timbers Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Patel Timbers 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
No delayed payments to MSME suppliers are on our record for Patel Timbers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Patel Timbers has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Patel Timbers Limited, buy the company report.
Recent activity
Patel Timbers Limited has 6 board changes on record since 1988: 3 appointments and 3 cessations. The latest: Kaushal Patel was appointed as Director on 21 May 2014.
3 earlier events are in the company report.
Frequently asked questions
Patel Timbers is an active public limited company based in Indore, Madhya Pradesh, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 14 June 1988 (38+ years old) and is registered under CIN U02005MP1988PLC004650.
Patel Timbers has 3 current directors:
- Daxal Ben Patel - Director
- Deval Patel - Director
- Kaushal Patel - Director
The latest financial statements of Patel Timbers 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.
No. Patel Timbers has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Patel Timbers is U02005MP1988PLC004650. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Patel Timbers was incorporated on 14 June 1988, making it 38+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Patel Timbers by revenue are Sindhikars Agro Producer Company Limited, Bingberry Agritech Private Limited, Agriworths Private Limited, Nagwanshi Agro Farmer Producer Company Limited, all in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading).
Kaushal Patel was appointed as Director on 21 May 2014. Laxmi Kant Patel ceased to be Director on 21 May 2014. Deval Patel was appointed as Director on 04 Mar 2011. Patel Timbers has 6 board changes on record in total.
The registered office of Patel Timbers is at 60 Patel Nagar Indore, Madhya Pradesh, India – 452001.
Patel Timbers operates in the agriculture industry, in the agro retail and distribution segment.
Patel Timbers has open charges of ₹7.16 Cr and no satisfied charges on record as per latest MCA filings.