Ricolex Polymers Private Limited

Ricolex Polymers Private Limited - manufacturing in Chamarajanagar, Karnataka, India. FY 2026 financials & compliance.
CIN U25209KA2017PTC103803 Incorporated 13 June 2017 ROC Bangalore HQ Chamarajanagar, Karnataka, India
Active Private Limited Company manufacturing
Data last updated
Revenue · FY 2025
₹33.37 Cr
▼ 16% YoY
Net profit · FY 2025
₹22.91 Lakh
Net margin 0.7%
EBITDA · FY 2025
₹1.85 Cr
EBITDA margin 5.5%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.9 Cr
Issued & subscribed
Open charges
₹12.19 Cr
Satisfied ₹15.33 Cr
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings

About Ricolex Polymers Private Limited

Data last updated:

Ricolex Polymers Private Limited is a private limited company based in Chamarajanagar, Karnataka, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 13 June 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25209KA2017PTC103803. Its GSTIN is 29AAICR3521N1ZY (Karnataka).

The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.9 Cr. It is led by directors Pemaram Prabhuram and Rajesh Prabhurama.

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 59/1 Pawar Bhavan Deviation Road, Chamarajanagar, Karnataka, India – 571313.

As per the financials filed for FY 2025, the company reported a revenue of ₹33.37 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹22.91 Lakh (net margin 0.7%) and EBITDA of ₹1.85 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 14% over five years.

The company is associated with 1 brand: Ricolex. As per MCA filings, the company has open charges of ₹12.19 Cr and satisfied charges of ₹15.33 Cr on record. Court records list 8 cases involving the company, including 8 filed by the company; 3 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in May 2018. Its 10 peer companies in the Manufacturing industry (Pipes, Plastic Based Products, Polymers) are compared by revenue, 5 larger and 5 smaller; the largest is Jin Plast (India) Limited.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ricolexpipes.com.

Company Details of Ricolex Polymers Private Limited
CIN U25209KA2017PTC103803
Registration Number 103803
Incorporation Date 13 June 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Pemaram Prabhuram Director Rajesh Prabhurama Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    ricolexpipes.com
  • Social Media
    Locked
  • Registered Address
    59/1 Pawar Bhavan Deviation Road, Chamarajanagar, Karnataka, India – 571313
  • Industry
    Manufacturing, Plastic-Based Products
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Financials, compliance, directors, charges, ownership and filings for Ricolex Polymers Private Limited in one report.

Financials from FY 2018 Directors & ownership Charges & compliance

Business Activity of Ricolex Polymers Private Limited

The main business activity of Ricolex Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal productsLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Ricolex Polymers Private Limited FY 2025 filings available

Ricolex Polymers Private Limited reported revenue of ₹33.37 Cr (down 16% YoY) for FY 2025.

Revenue · FY 2025
₹33.37 Cr ▼ 16%
Net profit · FY 2025
₹22.91 Lakh margin 0.7%
EBITDA · FY 2025
₹1.85 Cr margin 5.5%

Compounded Annual Growth Rate (CAGR) of Ricolex Polymers Private Limited

Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▼ 4%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 12%
3 years · compounded
▼ 3%
5 years · compounded
▲ 5%

Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 12% 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 Ricolex Polymers Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹1.85 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹22.91 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 Ricolex Polymers Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin5.5%••••••••••••••••
Net Profit Margin0.7%••••••••••••••••
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 Ricolex Polymers are in the company report.

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Financial statements from FY 2018

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Peer Comparison of Ricolex Polymers Private Limited

Ricolex Polymers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Pipes, Plastic Based Products, Polymers). Revenue, net profit, margin and growth of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Jin Plast (India) Limited••••••••••••••••-Chennai, Tamil Nadu, India
Jai Gurudev Pipes Fittings and Spares Private Limited••••••••••••••••-Delhi, India
Baikunth Polymers Private Limited••••••••••••••••-Delhi, India
Datum Concrete Pipes Private Limited••••••••••••••••-Nagpur, Maharashtra, India
Conwed Enterprises Private Limited••••••••••••••••-Mumbai, Maharashtra, India
Ricolex Polymers Private Limited this company••••••••••••••••-Chamarajanagar, Karnataka, India
Milan Tradelink Private Limited••••••••••••••••-Mehsana, Gujarat, India
NSM Polymers Private Limited••••••••••••••••-Gurgaon, Haryana, India
Essel Kitchenware Limited••••••••••••••••62Kolkata, West Bengal, India
VNM Polymers Pvt. Ltd.••••••••••••••••-Ballabgarh, Haryana, India
BM Pipes Private Limited••••••••••••••••-Delhi, India

Peers are the five companies nearest above and the five nearest below Ricolex Polymers by revenue in the Manufacturing industry (Pipes, Plastic Based Products, Polymers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.

Auditor Details of Ricolex Polymers Private Limited

Ricolex Polymers Private Limited is audited by JAGANNATH H R & CO for the financial year 2023.

NameStatusAppointment DateCessation Date
JAGANNATH H R & COLockedLockedLocked
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Board of Directors of Ricolex Polymers Private Limited

Ricolex Polymers has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Pemaram PrabhuramDirector13 Jun 20179 Years 3 MonthsCurrent
Rajesh PrabhuramaDirector13 Jun 20179 Years 3 MonthsCurrent
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Ownership and Shareholding of Ricolex Polymers Private Limited

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Charges & Borrowings of Ricolex Polymers Private Limited

Open charges
₹12.19 Cr
Satisfied charges
₹15.33 Cr
Breakdown by lending institutions
Others₹12.19 Cr
Latest charge details
DateLenderAmountStatus
30 Dec 2024Others₹12.19 CrOpen
08 Mar 2021Karnataka State Financial Corporation₹1.75 CrSatisfied
20 Jul 2018State Bank of India₹10.33 CrSatisfied
04 May 2018Others₹3.25 CrSatisfied

Total charge records: 4 View all charges

Deals & Funding of Ricolex Polymers Private Limited

Ricolex Polymers Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in May 2018.

Total deals
2
Rights issue
1
Secondary share transfer
1

Deals on record (2 of 2)

WhenDealAmountParties
May 2018Rights issue₹1.41 CrInvestors: 3 individuals
Seller: an individual
Apr 2018Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Associated Brands with Ricolex Polymers Private Limited

Ricolex Polymers operates one associated brand: Ricolex. Each brand links to its own profile.

BrandDescriptionWebsite
Ricolex
Manufacturing of PVC, uPVC, and CPVC pipes and water tanks for agriculture, plumbing, and infrastructure sectors.ricolexpipes.com

Employees and EPFO Compliance at Ricolex Polymers Private Limited

Employment history and EPFO contributions of people linked to Ricolex Polymers.

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Recent Activity on Ricolex Polymers Private Limited

Ricolex Polymers Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Pemaramji Narayanlal ceased to be Director on 31 Aug 2021.

AGM
Ricolex Polymers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ricolex Polymers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others of Rs. 12.19 Cr registered on 30 Dec 2024 with Charge ID 101031672 was modified on 28 Jan 2025.
Charges
A charge registered on 20 Jul 2018 via Charge ID 100194965 with State Bank Of India was fully satisfied on 08 Jan 2025.
Charges
A charge with Others amounted to Rs. 12.19 Cr with Charge ID 101031672 was registered on 30 Dec 2024.
Charges
A charge with State Bank Of India of Rs. 10.33 Cr registered on 20 Jul 2018 with Charge ID 100194965 was modified on 30 Nov 2022.
Charges
A charge registered on 08 Mar 2021 via Charge ID 100426087 with Karnataka State Financial Corporation was fully satisfied on 24 Nov 2022.
Charges
A charge registered on 04 May 2018 via Charge ID 100180144 with Others was fully satisfied on 24 Nov 2022.
Ceased
Pemaramji Narayanlal ceased to be Director.
Charges
A charge with Karnataka State Financial Corporation amounted to Rs. 1.75 Cr with Charge ID 100426087 was registered on 08 Mar 2021.
Appointed
Pemaramji Narayanlal was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 10.33 Cr with Charge ID 100194965 was registered on 20 Jul 2018.

4 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Ricolex Polymers Private Limited

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MSME Payment Delays by Ricolex Polymers Private Limited

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Subsidiaries & Group Companies of Ricolex Polymers Private Limited

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GST Compliance of Ricolex Polymers Private Limited

Ricolex Polymers has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAICR3521N1ZYKarnatakaActive14 Jan 2018
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MCA Filings & Documents of Ricolex Polymers Private Limited

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Frequently Asked Questions about Ricolex Polymers Private Limited

Ricolex Polymers is an active private limited company based in Chamarajanagar, Karnataka, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 13 June 2017 (9+ years old) and is registered under CIN U25209KA2017PTC103803.

Ricolex Polymers reported revenue of ₹33.37 Cr for FY 2025 (down 16% YoY).

Ricolex Polymers has 2 current directors:

Ricolex Polymers reported a net profit of ₹22.91 Lakh (net margin 0.7%) and EBITDA of ₹1.85 Cr (EBITDA margin 5.5%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Ricolex Polymers is -4% over three years and 14% over five years. In the latest year (FY 2025) revenue fell 16%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Ricolex Polymers is 29AAICR3521N1ZY, registered in Karnataka.

The CIN (Corporate Identification Number) of Ricolex Polymers is U25209KA2017PTC103803. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ricolex Polymers has 8 court cases on record: 8 filed by the company. 3 are pending.

Ricolex Polymers was incorporated on 13 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.

Ricolex Polymers has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in May 2018.

The peers of Ricolex Polymers by revenue are Jin Plast (India) Limited, Jai Gurudev Pipes Fittings and Spares Private Limited, Baikunth Polymers Private Limited, Datum Concrete Pipes Private Limited, Conwed Enterprises Private Limited and 5 more, all in the Manufacturing industry (Pipes, Plastic Based Products, Polymers).

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