Prayosha Stainless Private Limited
About Prayosha Stainless Private Limited
Data last updated:
Prayosha Stainless Private Limited is a private limited company based in Mehsana, Gujarat, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 05 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27109GJ2012PTC072213. Its GSTIN is 24AAGCP8494E1Z5 (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹52.05 Lakh. It is led by directors including Jashwant Chinubhai Patel and Moeinkhan Fakirmahammad Pathan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Survey No. 267 Ahmedabad – Meh Highway Vill – Mandali Ta & Di – Mehsana Mandali, Gujarat, India – 382732.
As per the financials filed for FY 2023, the company reported a revenue of ₹83.6 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹4.47 Lakh (net margin 0.1%) and EBITDA of ₹1.32 Cr (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Prayosha Stainless Private Limited's registered office is in Mehsana, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No. 267 Ahmedabad – Meh Highway Vill – Mandali Ta & Di – Mehsana Mandali, Gujarat, India – 382732
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Prayosha Stainless 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 Prayosha Stainless is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Prayosha Stainless Private Limited, buy the company report.
Financials of Prayosha Stainless Private Limited
FY 2023 filings availablePrayosha Stainless Private Limited reported revenue of ₹83.6 Cr (up 13% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over three years, including 13% growth in the latest year. EBITDA fell 43% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹83.6 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.47 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Prayosha Stainless Private Limited, buy the company report.
Board of directors of Prayosha Stainless Private Limited
Prayosha Stainless 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 |
|---|---|---|---|---|
| Jashwant Chinubhai Patel | Director | 05 May 2014 | 12 Years 5 Months | Current |
| Moeinkhan Fakirmahammad Pathan | Director | 05 May 2014 | 12 Years 5 Months | Current |
| Dineshkumar Maneklal Patel | Director | 05 Oct 2012 | 14 Years 0 Months | Current |
Peer comparison
Prayosha Stainless Private Limited is compared with the 6 companies closest to it by revenue in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Trikaya Coatings Private Limited | ₹85.87 Cr (FY 2025) | -4.0% | Nashik, Maharashtra, India | |||
| Deepjyot Engineers Private Limited | ₹85.45 Cr (FY 2024) | 43.0% | Rajkot, Gujarat, India | |||
| Varsha Forgings Private Limited | ₹84.37 Cr (FY 2025) | -29.0% | Pune, Maharashtra, India | |||
| Krishanveer Forge Limited | ₹83.76 Cr (FY 2025) | -1.0% | Pune, Maharashtra, India | |||
| Prayosha Stainless Private Limitedthis company | ₹83.6 Cr (FY 2023) | ₹4.47 Lakh | 0.1% | 13.0% | 2 | Mehsana, Gujarat, India |
| Dhar Automotives Private Limited | ₹82.07 Cr (FY 2025) | 1.0% | Indore, Madhya Pradesh, India | |||
| Evoltik International Private Limited | ₹80.24 Cr (FY 2025) | 126.0% | Domjur, West Bengal, India |
To see the full peer comparison of Prayosha Stainless Private Limited, buy the company report.
Auditor
Prayosha Stainless Private Limited is audited by KPSJ & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KPSJ & ASSOCIATES LLP | FY 2023 | 124845W/W100209 |
Shareholding
The shareholding of Prayosha Stainless 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 Prayosha Stainless Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2017 | 100127482 | Sidbi | ₹11 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Prayosha Stainless Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by B.P.Lubricants Pvt Ltd. | Disposed |
To see the full case history of Prayosha Stainless 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 Prayosha Stainless Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prayosha Stainless Private Limited has a workforce of 2 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Prayosha Stainless has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCP8494E1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prayosha Stainless Private Limited, buy the company report.
Recent activity
Prayosha Stainless Private Limited has 5 board changes on record since 2012: 3 appointments and 2 cessations. The latest: Patel Vishal Dineshkumar ceased to be Director on 01 Oct 2023.
Frequently asked questions
Prayosha Stainless is an active private limited company based in Mehsana, Gujarat, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 05 October 2012 (14+ years old) and is registered under CIN U27109GJ2012PTC072213.
Prayosha Stainless has 3 current directors:
- Jashwant Chinubhai Patel - Director
- Moeinkhan Fakirmahammad Pathan - Director
- Dineshkumar Maneklal Patel - Director
The latest financial statements of Prayosha Stainless on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Prayosha Stainless is 24AAGCP8494E1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Prayosha Stainless is U27109GJ2012PTC072213. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prayosha Stainless has 1 court case on record: 1 filed against it.
Prayosha Stainless was incorporated on 05 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Prayosha Stainless by revenue are Trikaya Coatings Private Limited, Deepjyot Engineers Private Limited, Varsha Forgings Private Limited, Krishanveer Forge Limited, Dhar Automotives Private Limited and 1 more, all in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products).
Patel Vishal Dineshkumar ceased to be Director on 01 Oct 2023. Jashwant Chinubhai Patel was appointed as Director on 05 May 2014. Moeinkhan Fakirmahammad Pathan was appointed as Director on 05 May 2014. Prayosha Stainless has 5 board changes on record in total.
The registered office of Prayosha Stainless is at Survey No. 267 Ahmedabad – Meh Highway Vill – Mandali Ta & Di – Mehsana Mandali, Gujarat, India – 382732.
Prayosha Stainless operates in the engineering industry, in the metal foundry and fabrication services segment.
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