MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-20-0014450
Sagar Polytechnik Limited - manufacturing in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹130.21 Cr
▲ 5% YoY
Net profit · FY 2025
₹7.93 Cr
Net margin 6.1%
EBITDA · FY 2025
₹16.32 Cr
EBITDA margin 12.5%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹6.75 Cr
Issued & subscribed
Open charges
₹35.01 Cr
Satisfied ₹52.85 Lakh
Company age
13 yrs
Est. 2013
Employees · EPFO
23
Provident fund records
About Sagar Polytechnik Limited
Data last updated:
Sagar Polytechnik Limited is a public limited company based in Rajkot, Gujarat, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 28 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25191GJ2013PLC075316. Its GSTIN is 24AATCS1433R1ZP (Gujarat). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.75 Cr. It is led by directors including Vijaykumar Jadavbhai Kansagara (Whole-Time Director) and Denishkumar Vijaybhai Kansagara (Whole-Time Director).
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 Plot No. 2819 To 2826 Lodhika G.I.D.C. Metoda, Rajkot, Gujarat, India – 360021.
As per the financials filed for FY 2025, the company reported a revenue of ₹130.21 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹7.93 Cr (net margin 6.1%) and EBITDA of ₹16.32 Cr (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 15% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35.01 Cr and satisfied charges of ₹52.85 Lakh on record. Court records list 13 cases involving the company, including 6 filed by the company and 7 filed against it; 2 cases are pending.
Sagar Polytechnik Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0014450). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sagarpolymers.com.
Company details
CIN U25191GJ2013PLC075316
Registration Number 075316
Incorporation Date 28 May 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-20-0014450
Key People
Vijaykumar Jadavbhai Kansagara Whole-Time Director Denishkumar Vijaybhai Kansagara Whole-Time Director Hershey Denishbhai Kansagara Whole-Time Director Recognitions & Rankings of Sagar Polytechnik
Contact details
Sagar Polytechnik Limited's registered office is in Rajkot, Gujarat. Its website is sagarpolymers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 2819 To 2826 Lodhika G.I.D.C. Metoda, Rajkot, Gujarat, India – 360021
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Sagar Polytechnik Limited, buy the company report.
Comprehensive company report
Sagar Polytechnik Limited - one report that includes everything
- 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
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Business activity
The main business activity of Sagar Polytechnik 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 Sagar Polytechnik Limited, buy the company report.
Financials of Sagar Polytechnik Limited
FY 2025 filings availableSagar Polytechnik Limited reported revenue of ₹130.21 Cr (up 5% YoY) for FY 2025.
Revenue · FY 2025
₹130.21 Cr ▲ 5%
Net profit · FY 2025
₹7.93 Cr margin 6.1%
EBITDA · FY 2025
₹16.32 Cr margin 12.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▼ 8%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 70%
3 years · compounded
▲ 19%
5 years · compounded
▲ 10%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 5% growth in the latest year. EBITDA rose 70% 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 | ₹130.21 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.93 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 | 12.5% | ||||
| Net Profit Margin | 6.1% | ||||
| 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 Sagar Polytechnik Limited, buy the company report.
Board of directors of Sagar Polytechnik Limited
Sagar Polytechnik has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijaykumar Jadavbhai Kansagara | Whole-Time Director | 28 May 2013 | 13 Years 5 Months | Current |
| Denishkumar Vijaybhai Kansagara | Whole-Time Director | 28 May 2013 | 13 Years 5 Months | Current |
| Hershey Denishbhai Kansagara Also directs: Jadavjibhai & Nanduben Kansagara Foundation | Whole-Time Director | 29 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Sagar Polytechnik Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Pipes), 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 |
|---|---|---|---|---|---|---|
| Sudarshan Pipes Extrusions Private Limited | ₹135.19 Cr (FY 2025) | -24.0% | Bangalore, Karnataka, India | |||
| Paras PVC Pipes & Fittings Private Limited | ₹131.83 Cr (FY 2025) | -2.0% | Ahmednagar, Maharashtra, India | |||
| Sagar Polytechnik Limitedthis company | ₹130.21 Cr (FY 2025) | ₹7.93 Cr | 6.1% | 5.0% | 23 | Rajkot, Gujarat, India |
| Star PVC Pipes and Fittings Private Limited | ₹127.59 Cr (FY 2023) | -10.0% | Thrissur, Kerala, India |
To see the full peer comparison of Sagar Polytechnik Limited, buy the company report.
Auditor
Sagar Polytechnik Limited is audited by R. JAVIYA & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. JAVIYA & CO. | FY 2022 | 120300W |
Shareholding
The shareholding of Sagar Polytechnik 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 Sagar Polytechnik Limited, buy the company report.
Charges & borrowings
Open charges
₹35.01 Cr
Satisfied charges
₹52.85 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2022 | 100540727 | Axis Bank Limited | ₹18 Lakh | Open | |
| 18 Oct 2021 | 100502436 | Axis Bank Limited | ₹33 Lakh | Open | |
| 08 Oct 2021 | 100505290 | Hdfc Bank Limited | ₹19.45 Lakh | Open | |
| 22 Mar 2019 | 100254109 | Others | ₹2.25 Cr | Open | |
| 28 May 2013 | 10433419 | Axis Bank Limited | ₹32.06 Cr | Open |
To see the full charge records of Sagar Polytechnik Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Sagar Polytechnik Limited has 13 court cases on record: 6 filed by Sagar Polytechnik, 7 filed against it. 2 cases are pending and 11 are disposed.
Total cases
13
Filed by the company
6
Filed against the company
7
Pending
2
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 1 |
| High courts | 5 | 1 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Gujarat Green Revolution Company Ltd. | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Sardar Sarovar Narmada Nigam Ltd. and 3 others | Pending |
| High Court, GUJARAT | Court case (SCR.A) | Filed against the company by PDC Infraprojects Private Limited Thro Pradipsinh Dajirajsingh Vaghela and 2 others | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against PDC Infraprojects Pvt. Ltd. | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Sardar Sarovar Narmada Nigam Ltd. Through Chief Engineer and 3 others | Disposed |
To see the full case history of Sagar Polytechnik 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
Sagar Polytechnik Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 262 overdue payments to 46 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 46)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mas Additives Private Limited | |||
| Rachna Plasticizers | |||
| Anmol Polymers | |||
| an individual supplier | |||
| Dolphin Polyfill Private Limited |
To see the full MSME payment records of Sagar Polytechnik Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sagar Polytechnik Limited has a workforce of 23 employees on its EPFO records as of Apr 03, 2024, across 2 active EPFO establishments.
Employee count
23
Active EPFO establishments
2
Employee growth
-14.81%
GST
Sagar Polytechnik has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AATCS1433R1ZP | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sagar Polytechnik Limited, buy the company report.
Recent activity
Sagar Polytechnik Limited has 8 board changes on record since 2013: 3 appointments and 5 cessations. The latest: Denishkumar Vijaybhai Kansagara ceased to be Director on 01 Apr 2021.
AGM
Sagar Polytechnik Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 32.06 Cr registered on 28 May 2013 with Charge ID 10433419 was modified on 03 May 2025.
Filing
Sagar Polytechnik Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.18 Cr with Charge ID 100540727 was registered on 15 Feb 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.33 Cr with Charge ID 100502436 was registered on 18 Oct 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.19 Cr with Charge ID 100505290 was registered on 08 Oct 2021.
Ceased
Denishkumar Vijaybhai Kansagara ceased to be Director.
Ceased
Vijaykumar Jadavbhai Kansagara ceased to be Director.
Ceased
Dimpi Jatin Changela ceased to be Company Secretary.
Ceased
Hershey Denishbhai Kansagara ceased to be Additional Director.
Appointed
Hershey Denishbhai Kansagara was appointed as Whole-Time Director.
Ceased
Ila Rameshkumar Kalaria ceased to be Director.
7 earlier events are in the company report.
Frequently asked questions
Sagar Polytechnik is an active public limited company based in Rajkot, Gujarat, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 28 May 2013 (13+ years old) and is registered under CIN U25191GJ2013PLC075316.
Sagar Polytechnik has 3 current directors:
- Vijaykumar Jadavbhai Kansagara - Whole-Time Director
- Denishkumar Vijaybhai Kansagara - Whole-Time Director
- Hershey Denishbhai Kansagara - Whole-Time Director
The latest financial statements of Sagar Polytechnik on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sagar Polytechnik is 24AATCS1433R1ZP, registered in Gujarat. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Sagar Polytechnik is U25191GJ2013PLC075316. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sagar Polytechnik has 13 court cases on record: 6 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Sagar Polytechnik was incorporated on 28 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sagar Polytechnik by revenue are Sudarshan Pipes Extrusions Private Limited, Paras PVC Pipes & Fittings Private Limited, Star PVC Pipes and Fittings Private Limited, all in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Denishkumar Vijaybhai Kansagara ceased to be Director on 01 Apr 2021. Vijaykumar Jadavbhai Kansagara ceased to be Director on 01 Apr 2021. Dimpi Jatin Changela ceased to be Company Secretary on 31 Mar 2020. Sagar Polytechnik has 8 board changes on record in total.
Yes, Sagar Polytechnik is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-20-0014450).
Sagar Polytechnik has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 262 overdue payments to 46 micro and small suppliers. The latest return was filed on 08 Aug 2019.
Sagar Polytechnik can be reached through the website sagarpolymers.com. Its registered office is in Rajkot, Gujarat, India.
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