About Qutone Ceramic Private Limited
Data last updated:
Qutone Ceramic Private Limited is a private limited company based in Dhuva, Gujarat, India. It operates in the ceramics segment of the manufacturing sector. It was incorporated on 06 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2008PTC055178. Its GSTIN is 24AAACQ1841L1ZI (Gujarat). The company holds 13 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹11.9 Cr and a paid-up capital of ₹6.55 Cr. It is led by directors including Jagdish Kunvarjibhai Dalsaniya and Manoj Kumar Agarwal.
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 Survey No. 163/1 & 163/2 8 – A National Highway Tal. Wankaner, Dhuva, Gujarat, India – 363621.
As per the financials filed for FY 2025, the company reported a revenue of ₹502.71 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹11.86 Cr (net margin 2.4%) and EBITDA of ₹76.53 Cr (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 6% over five years.
The company has about 94 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Qutone. As per MCA filings, the company has open charges of ₹290.05 Cr and satisfied charges of ₹402.54 Cr on record. Court records list 166 cases involving the company, including 162 filed by the company and 4 filed against it; 43 cases are pending. The company has 16 deals on record (8 secondary share transfers, 7 funding rounds, 1 rights issue), with disclosed funding of ₹70.07 Cr; the latest was in July 2024. Its 4 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Italica Granito Private Limited with revenue of ₹578.17 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website qutoneceramic.com.
Company details
Contact details
Qutone Ceramic Private Limited's registered office is in Dhuva, Gujarat. Its website is qutoneceramic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 163/1 & 163/2 8 – A National Highway Tal. Wankaner, Dhuva, Gujarat, India – 363621
- IndustryManufacturing, Ceramics, Sanitaryware & Tile
To see the full contact details of Qutone Ceramic 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
Brands
Qutone Ceramic operates one associated brand: Qutone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ceramic tiles are manufactured for residential and commercial surfaces. | qutoneceramic.com |
Business activity
The main business activity of Qutone Ceramic 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 Qutone Ceramic Private Limited, buy the company report.
Financials of Qutone Ceramic Private Limited
FY 2024 filings availableQutone Ceramic Private Limited reported revenue of ₹502.71 Cr (up 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 16% growth in the latest year. EBITDA rose 7% 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 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 | ₹76.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.86 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | ||||
| Net Profit Margin | 2.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Qutone Ceramic Private Limited, buy the company report.
Board of directors of Qutone Ceramic Private Limited
Qutone Ceramic has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagdish Kunvarjibhai Dalsaniya | Director | 14 Mar 2009 | 17 Years 7 Months | Current |
| Manoj Kumar Agarwal | Director | 06 Oct 2008 | 18 Years 0 Months | Current |
| Rajeev Adlakha | Director | 22 Sep 2014 | 12 Years 1 Months | Current |
| Sunil Sitaramji Manglunia | Director | 01 Apr 2011 | 15 Years 6 Months | Current |
Peer comparison
Qutone Ceramic Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), 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 |
|---|---|---|---|---|---|---|
| Italica Granito Private Limited | ₹578.17 Cr (FY 2025) | 4.0% | Morbi, Gujarat, India | |||
| Motto Stone Private Limited | ₹507.5 Cr (FY 2025) | 80.0% | Wankaner, Gujarat, India | |||
| Qutone Ceramic Private Limitedthis company | ₹502.71 Cr (FY 2025) | ₹11.86 Cr | 2.4% | 16.0% | 94 | Dhuva, Gujarat, India |
| Comet Granito Private Limited | ₹480.56 Cr (FY 2024) | -26.0% | Nava Jambudia, Gujarat, India | |||
| Lavish Granito Private Limited | ₹453.07 Cr (FY 2025) | 1.0% | Morbi, Gujarat, India |
To see the full peer comparison of Qutone Ceramic Private Limited, buy the company report.
Auditor
Qutone Ceramic Private Limited is audited by PATEL SONI SHAH & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL SONI SHAH & CO. | FY 2024 | 127904W |
Shareholding
The shareholding of Qutone Ceramic Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Qutone Ceramic Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Aug 2025 | 101154408 | Others | ₹21 Cr | Open | |
| 12 May 2025 | 101102882 | Others | ₹20 Cr | Open | |
| 30 Sep 2024 | 100985873 | Hdfc Bank Limited | ₹1.32 Cr | Open | |
| 31 Jul 2024 | 100960754 | Others | ₹22 Cr | Open | |
| 16 Mar 2021 | 100424832 | Others | ₹28.4 Cr | Open |
To see the full charge records of Qutone Ceramic Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Qutone Ceramic Private Limited has 16 deals on record (8 secondary share transfers, 7 funding rounds, 1 rights issue), with disclosed funding of ₹70.07 Cr; the latest was in July 2024.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Funding round | ₹52 Cr | Investors: Carnelia Bharat Amritkaal Fund, Carnelian Asset Management LLP , Manoj Kumar Bharuka & Sons |
| Jul 2018 | Funding round | ₹2.43 Cr | Investors: 4 individuals |
| Mar 2012 | Funding round | ₹6 Cr | Investors: Oswal Securities Private Limited, Malik Finvest Private Limited , 2 individuals |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: Oswal Securities Private Limited, an individual Seller: Rudrapur Fintrade Private Limited , 2 individuals |
| Sep 2010 | Funding round | ₹2 Cr | Investors: Manoj Kumar Bharuka & Sons, Malik Finvest Private Limited , 2 individuals |
To see the full deal history of Qutone Ceramic Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Qutone Ceramic Private Limited has 166 court cases on record: 162 filed by Qutone Ceramic, 4 filed against it. 43 cases are pending and 123 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 164 | 4 | 43 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 166)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Urban Ceramic LLP | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Kanodia Traders Pvt Ltd and 2 others | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against Kanodia Traders Pvt Ltd and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Ahluwalia Marbles Pvt Ltd and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Qutone Ceramic 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.
Credit ratings & regulatory alerts
Qutone Ceramic Private Limited was last rated by Care on 05 Jul 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Jul 2023 |
To see the full credit ratings and regulatory alerts of Qutone Ceramic Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Qutone Ceramic Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Qutone Ceramic has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Qutone Foundation | U85320GJ2018NPL100669 |
To see the full group structure of Qutone Ceramic Private Limited, buy the company report.
Employees & EPFO
Qutone Ceramic Private Limited has a workforce of 94 employees on its EPFO records as of Jul 22, 2025, across 1 active EPFO establishment.
GST
Qutone Ceramic has 13 GST registrations: 11 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACQ1841L1ZI | Gujarat | Active | 01 Jul 2017 |
| 24AAACQ1841L2ZH | Gujarat | Active | 01 Apr 2025 |
| 08AAACQ1841L1ZC | Rajasthan | Active | 01 Jul 2017 |
| 27AAACQ1841L1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Qutone Ceramic Private Limited, buy the company report.
Recent activity
Qutone Ceramic Private Limited has 10 board changes on record since 2008: 4 appointments and 6 cessations. The latest: Beenal Adlakha ceased to be Director on 13 Jun 2018.
37 earlier events are in the company report.
Frequently asked questions
Qutone Ceramic is an active private limited company based in Dhuva, Gujarat, India. The company works in ceramics, within the manufacturing industry. It was incorporated on 06 October 2008 (18+ years old) and is registered under CIN U26933GJ2008PTC055178.
Qutone Ceramic has 4 current directors:
- Jagdish Kunvarjibhai Dalsaniya - Director
- Manoj Kumar Agarwal - Director
- Rajeev Adlakha - Director
- Sunil Sitaramji Manglunia - Director
The latest financial statements of Qutone Ceramic 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 Qutone Ceramic is 24AAACQ1841L1ZI, registered in Gujarat. The company has 13 GST registrations in all, of which 11 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAACQ1841L2ZH (Gujarat), 08AAACQ1841L1ZC (Rajasthan), 27AAACQ1841L1ZC (Maharashtra).
The CIN (Corporate Identification Number) of Qutone Ceramic is U26933GJ2008PTC055178. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qutone Ceramic has 166 court cases on record: 162 filed by the company and 4 filed against it. 43 are pending. Most are in the district courts.
Qutone Ceramic was incorporated on 06 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Qutone Ceramic has 16 deals on record (8 secondary share transfers, 7 funding rounds, 1 rights issue), with disclosed funding of ₹70.07 Cr; the latest was in July 2024.
The peers of Qutone Ceramic by revenue are Italica Granito Private Limited, Motto Stone Private Limited, Comet Granito Private Limited, Lavish Granito Private Limited, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Beenal Adlakha ceased to be Director on 13 Jun 2018. Rajeev Adlakha was appointed as Director on 22 Sep 2014. Amit Kamdar ceased to be Director on 27 Mar 2014. Qutone Ceramic has 10 board changes on record in total.
Qutone Ceramic can be reached through the website qutoneceramic.com. Its registered office is in Dhuva, Gujarat, India.