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 The company has 1 GST registration on record, which is no longer active.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.
CIN History of Patel Timbers Limited
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 |
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address60 Patel Nagar Indore, Madhya Pradesh, India – 452001
- IndustryAgriculture, Agro Retail & Distribution
- 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 Patel Timbers Limited
The main business activity of Patel Timbers 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 Patel Timbers Limited FY 2024 filings available
Patel Timbers Limited reported revenue of ₹5.68 Lakh (down 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Patel Timbers Limited
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 of Patel Timbers Limited
| 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 | ₹1.85 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.39 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 Patel Timbers Limited
| 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% | •••• | •••• | •••• | •••• |
| 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 Patel Timbers 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.
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 of Patel Timbers Limited
Patel Timbers Limited is compared with the companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| 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 |
| Goola Agro Fed Producer Company Limited | ₹5.69 Lakh (FY 2025) | •••• | •••• | •••• | Ramgarh, Jharkhand, India | |
| Agriworths Private Limited | ₹5.68 Lakh (FY 2024) | •••• | •••• | 0.0% | •••• | Cuttack, Odisha, India |
| Maharshi Valmiki Kisan Utpadak Sangthan Producer Company Limited | ₹5.68 Lakh (FY 2024) | •••• | •••• | 1187.0% | •••• | Chitrakoot, Uttar Pradesh, India |
| Patel Timbers Limited this company | ₹5.68 Lakh (FY 2024) | •••• | •••• | -26.0% | •••• | Indore, Madhya Pradesh, India |
| Swaasam Global Farmer Producer Company Limited | ₹5.67 Lakh (FY 2025) | •••• | •••• | -53.0% | •••• | Villupuram, Tamil Nadu, India |
| Sarwankheda Farmer Producer Company Limited | ₹5.67 Lakh (FY 2024) | •••• | •••• | 43.0% | •••• | Kanpur Dehat, Uttar Pradesh, India |
| Nagwanshi Agro Farmer Producer Company Limited | ₹5.67 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | Washim, Maharashtra, India |
| Kanta Finance Pvt Ltd | ₹5.66 Lakh (FY 2023) | •••• | •••• | -61.0% | •••• | Delhi, India |
| Sadrawanagro Farmer Producer Company Limited | ₹5.66 Lakh (FY 2024) | •••• | •••• | 489.0% | •••• | Sitapur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Patel Timbers by revenue in the Agriculture industry (Agro Retail and Distribution), 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 Patel Timbers Limited
Patel Timbers Limited is audited by NASA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NASA & ASSOCIATES | 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.
Ownership and Shareholding of Patel Timbers 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 Patel Timbers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Jun 2011 | State Bank of India Smeccc | ₹85.45 Lakh | Open |
| 25 Sep 1997 | Lloyds Finance Ltd. | ₹2.06 Lakh | Open |
| 10 Apr 1997 | Indusind Bank Limited | ₹3 Cr | Open |
| 14 Dec 1995 | Dena Bank | ₹3 Cr | Open |
| 15 Mar 1990 | Madhya Pradesh Financial Corporation | ₹28.9 Lakh | Open |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Patel Timbers Limited
Employment history and EPFO contributions of people linked to Patel Timbers.
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 Patel Timbers Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Patel Timbers 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 Patel Timbers 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 Patel Timbers 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 Patel Timbers Limited
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.
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 Patel Timbers 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 Patel Timbers Limited
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 reported revenue of ₹5.68 Lakh for FY 2024 (down 26% YoY).
Patel Timbers has 3 current directors:
- Daxal Ben Patel - Director
- Deval Patel - Director
- Kaushal Patel - Director
Patel Timbers reported a net profit of ₹1.39 Lakh (net margin 24.4%) and EBITDA of ₹1.85 Lakh (EBITDA margin 32.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Patel Timbers is -11% over three years and -14% over five years. In the latest year (FY 2024) revenue fell 26%. CAGR is the steady yearly rate that links the first and the last year.
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, Goola Agro Fed Producer Company Limited, Agriworths Private Limited, Maharshi Valmiki Kisan Utpadak Sangthan Producer Company Limited and 5 more, all in the Agriculture industry (Agro Retail and Distribution).
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.