About Sheetal Cool Products Limited
Data last updated: 14 July 2026
Sheetal Cool Products Limited is a public limited company based in Amreli, Gujarat, India. It specialises in solar energy solutions, a part of the broader environmental services sector. Incorporated on 14 October 2013, the company has been in operation for over 13 years.
Registered with ROC Ahmedabad under CIN U15205GJ2013PTC077205. Listed on BSE: 540757.
Capital: an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.5 Cr. Formerly known as Sheetal Cool Products Private Limited. It is led by directors including Ajaykumar Vipulbhai Mandanka and Kiranben Nileshbhai Gajera.
Last AGM: 20 September 2025. Financial statements filed for year ended 31 March 2025. Office: G I D C Plot No. 75 To 81, Amreli, Gujarat, India – 365601.
As per NSE-filed standalone financials for FY 2026, the company reported a revenue of ₹366 Cr. The net worth stands at ₹156.91 Cr. Total assets are valued at ₹264.57 Cr.
The company has a workforce of approximately 14 employees as per the latest available data.
The company is associated with 1 brand - Sheetal Ice Cream. As per MCA filings, the company has open charges of ₹95.86 Cr and satisfied charges of ₹225.1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sheetalicecream.com.
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Registered AddressG I D C Plot No. 75 To 81, Amreli, Gujarat, India – 365601
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IndustryEnvironment, Solar Energy Solutions, Wind Energy Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Sheetal Cool Products Limited
Sheetal Cool Products Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15205GJ2013PLC077205, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15205GJ2013PLC077205 | Current |
| U15205GJ2013PTC077205 | Previous |
| U15205GJ2013PLC077205 | Previous |
Associated Brands with Sheetal Cool Products Limited
Sheetal Cool Products Limited operates one associated brand: Sheetal Ice Cream. These brands represent Sheetal Cool Products Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Produces and sells a variety of ice cream flavors through retailers in India. | sheetalicecream.com |
Competitors & Alternatives of Sheetal Cool Products Limited
Brands and companies operating in the same space as Sheetal Cool Products Limited include Hangyo, NOTO, Go Zero and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Hangyo
|
Ice cream products are manufactured and branded by Hangyo. | Mangaluru, India, India | 2002 |
NOTO
|
Plant-based frozen desserts are offered via a dedicated platform. | Mumbai, India, India | 2019 |
Go Zero
|
Go Zero is recognized as India's leading guilt-free ice cream brand. | Mumbai, India, India | 2022 |
Desi Farms
|
Provider of direct-to-consumer, farm-to-table delivery of fresh dairy products, including milk, yogurt, and other preservative-free dairy products | Pune, India, India | 2016 |
Provilac Dairy Farms
|
Internet first milk brand and delivery | Pune, India, India | 2013 |
Rollick
|
Rollick is engaged in producing frozen desserts in India. | Kolkata, India, India | 1990 |
Dairy Day
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Processor & brand of ice creams | Bengaluru, India, India | 2002 |
Happy Nature
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Brand of organic milk | Delhi, India, India | 2018 |
Business Activity of Sheetal Cool Products Limited
Sheetal Cool Products Limited is engaged in the principal business activity of manufacturing, with detailed activities including food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Business activity turnover details for Sheetal Cool Products Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
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Auditor Details of Sheetal Cool Products Limited
Sheetal Cool Products Limited is audited by M/s H B KALARIA & ASSOCIATES (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s H B KALARIA & ASSOCIATES (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Sheetal Cool Products Limited
Sheetal Cool Products Limited is currently managed by 6 directors, with 7 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajaykumar Vipulbhai Mandanka | Director | 04 Sep 2017 | 8 Years 10 Months | Current |
| Kiranben Nileshbhai Gajera | Director | 04 Sep 2017 | 8 Years 10 Months | Current |
| Dinesh Kumar Dakubhai Bhuva | Whole-Time Director | 14 Oct 2013 | 12 Years 9 Months | Current |
| Bhupatbhai Dakubhai Bhuva | Managing Director | 14 Oct 2013 | 12 Years 9 Months | Current |
| Sanjay Dakubhai Bhuva | Whole-Time Director | 14 Oct 2013 | 12 Years 9 Months | Current |
| Vijay Bhagwanbhai Desai | Director | 25 Aug 2022 | 3 Years 10 Months | Current |
Financials of Sheetal Cool Products Limited FY 2026 filings available
Sheetal Cool Products Limited reported revenue of ₹366 Cr for FY 2026.
| Metrics | FY 2026 | FY 2024 | FY 2023 |
|---|---|---|---|
| Revenue from Operations | ₹366 Cr | ₹352.71 Cr | ₹340.26 Cr |
| Other Income | ₹71.44 Lakh | ₹2.79 Cr | ₹1.72 Cr |
| Total Income | ₹366.71 Cr | ₹355.5 Cr | ₹341.98 Cr |
| Cost of Materials Consumed | ₹299.67 Cr | ₹211.14 Cr | ₹278.13 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹43.72 Cr | ₹31.09 Cr | -₹50.74 Cr |
| Employee Benefit Expense | ₹21.84 Cr | ₹20.39 Cr | ₹23.68 Cr |
| Finance Costs | ₹7.1 Cr | ₹8.9 Cr | ₹7.47 Cr |
| Depreciation & Amortisation | ₹8.85 Cr | ₹9.17 Cr | ₹9.64 Cr |
| Other Expenses | ₹47.02 Cr | ₹46.61 Cr | ₹46.1 Cr |
| Total Expenses | ₹340.77 Cr | ₹327.29 Cr | ₹314.29 Cr |
| Profit Before Exceptional Items & Tax | ₹25.94 Cr | ₹28.21 Cr | ₹27.7 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹25.94 Cr | ₹28.21 Cr | ₹27.7 Cr |
| Total Tax Expense | ₹6.82 Cr | ₹7.37 Cr | ₹7.25 Cr |
| Net Profit | ₹19.12 Cr | ₹20.84 Cr | ₹20.45 Cr |
| Other Comprehensive Income | ₹1.2 Lakh | ₹51,000 | ₹98,000 |
| Total Comprehensive Income | ₹19.13 Cr | ₹20.85 Cr | ₹20.46 Cr |
| EBITDA (computed) | ₹41.9 Cr | ₹46.27 Cr | ₹44.81 Cr |
| Basic EPS | ₹18.21 | ₹19.85 | ₹19.48 |
| Diluted EPS | ₹18.21 | ₹19.85 | ₹19.48 |
| Metrics | FY 2026 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total Assets | ₹264.57 Cr | ₹234.75 Cr | ₹226.73 Cr |
| Non-current Assets | ₹53.59 Cr | ₹48.36 Cr | ₹52.78 Cr |
| Current Assets | ₹210.97 Cr | ₹186.39 Cr | ₹173.95 Cr |
| Property, Plant & Equipment | ₹47.71 Cr | ₹43.85 Cr | ₹49.05 Cr |
| Inventories | ₹151.84 Cr | ₹129.79 Cr | ₹167.84 Cr |
| Trade Receivables | ₹35.66 Cr | ₹50 Cr | ₹3.16 Cr |
| Cash & Equivalents | ₹52.08 Lakh | ₹5.04 Cr | ₹1.94 Cr |
| Equity (Net Worth) | ₹156.91 Cr | ₹114.53 Cr | ₹93.69 Cr |
| Equity Share Capital | ₹10.5 Cr | ₹10.5 Cr | ₹10.5 Cr |
| Borrowings (Non-current) | ₹11.51 Cr | ₹15.62 Cr | ₹23.9 Cr |
| Borrowings (Current) | ₹38.32 Cr | ₹67.95 Cr | ₹61.88 Cr |
| Total Debt (computed) | ₹49.83 Cr | ₹83.57 Cr | ₹85.78 Cr |
| Current Liabilities | ₹79.59 Cr | ₹95.43 Cr | ₹98.01 Cr |
| Total Liabilities | ₹107.65 Cr | ₹120.22 Cr | ₹133.04 Cr |
| Metrics | FY 2026 | FY 2024 | FY 2023 |
|---|---|---|---|
| Operating Cash Flow | ₹34.26 Cr | ₹29.91 Cr | ₹17.62 Cr |
| Investing Cash Flow | -₹18.26 Cr | -₹15.7 Cr | -₹20.74 Cr |
| Financing Cash Flow | ₹36.22 Cr | -₹11.11 Cr | ₹4.11 Cr |
| Capital Expenditure | ₹27.58 Cr | ₹16.01 Cr | ₹20.82 Cr |
| Free Cash Flow (computed) | ₹6.69 Cr | ₹13.9 Cr | -₹3.19 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹52.22 Cr | ₹3.1 Cr | ₹99.77 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹133.31 Cr | ₹63.88 Cr | ₹55.91 Cr | ₹112.9 Cr | ₹51.01 Cr | ₹52.99 Cr | ₹123.75 Cr | ₹84.75 Cr | ₹62.65 Cr | ₹70.17 Cr | ₹135.14 Cr | ₹60.87 Cr |
| Other Income | ₹30.32 Lakh | ₹23.45 Lakh | ₹9.02 Lakh | ₹8.65 Lakh | ₹2.42 Lakh | ₹10.19 Cr | ₹45.31 Lakh | -₹1.68 Lakh | ₹2.22 Cr | ₹3.49 Lakh | ₹55.68 Lakh | ₹1.61 Cr |
| Total Income | ₹133.61 Cr | ₹64.12 Cr | ₹56 Cr | ₹112.99 Cr | ₹51.04 Cr | ₹63.18 Cr | ₹124.21 Cr | ₹84.73 Cr | ₹64.87 Cr | ₹70.21 Cr | ₹135.69 Cr | ₹62.48 Cr |
| Cost of Materials Consumed | ₹128.73 Cr | ₹47.6 Cr | ₹56.67 Cr | ₹66.66 Cr | ₹36.64 Cr | ₹39.9 Cr | ₹60.92 Cr | ₹55.89 Cr | ₹40.59 Cr | ₹51.92 Cr | ₹62.73 Cr | ₹73.38 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹31.06 Cr | -₹4.57 Cr | -₹20.38 Cr | ₹12.29 Cr | -₹5.3 Cr | ₹8.08 Cr | ₹26.67 Cr | -₹2.1 Cr | ₹2.15 Cr | -₹4.21 Cr | ₹35.25 Cr | -₹40.51 Cr |
| Employee Benefit Expense | ₹6.14 Cr | ₹4.39 Cr | ₹4.98 Cr | ₹6.34 Cr | ₹4 Cr | ₹4.16 Cr | ₹5.95 Cr | ₹4.64 Cr | ₹4 Cr | ₹4.37 Cr | ₹7.38 Cr | ₹5.94 Cr |
| Finance Costs | ₹2.29 Cr | ₹1.7 Cr | ₹1.56 Cr | ₹1.55 Cr | ₹1.54 Cr | ₹1.44 Cr | ₹1.55 Cr | ₹1.97 Cr | ₹2.21 Cr | ₹2.71 Cr | ₹2 Cr | ₹1.53 Cr |
| Depreciation & Amortisation | ₹2.25 Cr | ₹2.25 Cr | ₹2.56 Cr | ₹1.79 Cr | ₹2.04 Cr | ₹1.96 Cr | ₹1.93 Cr | ₹2.08 Cr | ₹2.38 Cr | ₹2.38 Cr | ₹2.32 Cr | ₹2.48 Cr |
| Other Expenses | ₹14.21 Cr | ₹7.21 Cr | ₹8.44 Cr | ₹17.17 Cr | ₹9.9 Cr | ₹3.81 Cr | ₹17.32 Cr | ₹12.68 Cr | ₹9.29 Cr | ₹9.52 Cr | ₹15.13 Cr | ₹14.62 Cr |
| Total Expenses | ₹122.57 Cr | ₹58.58 Cr | ₹53.83 Cr | ₹105.8 Cr | ₹48.82 Cr | ₹59.35 Cr | ₹114.35 Cr | ₹75.17 Cr | ₹60.62 Cr | ₹66.7 Cr | ₹124.81 Cr | ₹57.43 Cr |
| Profit Before Exceptional Items & Tax | ₹11.05 Cr | ₹5.53 Cr | ₹2.17 Cr | ₹7.19 Cr | ₹2.21 Cr | ₹3.83 Cr | ₹9.86 Cr | ₹9.57 Cr | ₹4.25 Cr | ₹3.51 Cr | ₹10.89 Cr | ₹5.05 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹11.05 Cr | ₹5.53 Cr | ₹2.17 Cr | ₹7.19 Cr | ₹2.21 Cr | ₹3.83 Cr | ₹9.86 Cr | ₹9.57 Cr | ₹4.25 Cr | ₹3.51 Cr | ₹10.89 Cr | ₹5.05 Cr |
| Total Tax Expense | ₹2.88 Cr | ₹1.52 Cr | ₹57.93 Lakh | ₹1.84 Cr | ₹7.17 Lakh | ₹1.58 Cr | ₹2.42 Cr | ₹2.44 Cr | ₹1.59 Cr | ₹58.14 Lakh | ₹2.76 Cr | ₹1.33 Cr |
| Net Profit | ₹8.17 Cr | ₹4.01 Cr | ₹1.59 Cr | ₹5.34 Cr | ₹2.14 Cr | ₹2.25 Cr | ₹7.44 Cr | ₹7.13 Cr | ₹2.67 Cr | ₹2.92 Cr | ₹8.12 Cr | ₹3.72 Cr |
| Other Comprehensive Income | ₹41,000 | ₹27,000 | ₹26,000 | ₹26,000 | ₹13,000 | ₹12,000 | ₹13,000 | -₹22,000 | ₹24,000 | ₹24,000 | ₹25,000 | -₹5.99 Lakh |
| Total Comprehensive Income | ₹8.17 Cr | ₹4.01 Cr | ₹1.6 Cr | ₹5.35 Cr | ₹2.14 Cr | ₹2.25 Cr | ₹7.44 Cr | ₹7.13 Cr | ₹2.67 Cr | ₹2.93 Cr | ₹8.12 Cr | ₹3.66 Cr |
| EBITDA (computed) | ₹15.59 Cr | ₹9.49 Cr | ₹6.3 Cr | ₹10.52 Cr | ₹5.79 Cr | ₹7.23 Cr | ₹13.34 Cr | ₹13.62 Cr | ₹8.85 Cr | ₹8.6 Cr | ₹15.21 Cr | ₹9.05 Cr |
| Basic EPS | ₹7.78 | ₹3.82 | ₹1.52 | ₹5.09 | ₹2.04 | ₹2.14 | ₹7.08 | ₹6.79 | ₹2.54 | ₹2.79 | ₹7.74 | ₹3.54 |
| Diluted EPS | ₹7.78 | ₹3.82 | ₹1.52 | ₹5.09 | ₹2.04 | ₹2.14 | ₹7.08 | ₹6.79 | ₹2.54 | ₹2.79 | ₹7.74 | ₹3.54 |
Board & Governance of Sheetal Cool Products Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Sheetal Cool Products Limited has 6 directors - 3 independent and 3 executive. The board is chaired by BHUPATBHAI DAKUBHAI BHUVA.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| BHUPATBHAI DAKUBHAI BHUVA | Executive Director · MD · Chairperson | 2013-10-14 | 1 |
| DINESHKUMAR DAKUBHAI BHUVA | Executive Director | 2013-10-14 | 1 |
| SANJAY DAKUBHAI BHUVA | Executive Director | 2013-10-14 | 1 |
| AJAYKUMAR VIPULBHAI MANDANKA | Non-Executive - Independent Director | 2017-09-04 | 1 |
| KIRANBEN NILESHBHAI GAJERA | Non-Executive - Independent Director | 2017-09-04 | 1 |
| VIJAYBHAI B DESAI | Non-Executive - Independent Director | 2022-08-25 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | AJAYKUMAR VIPULBHAI MANDANKA (Chairperson), KIRANBEN NILESHBHAI GAJERA, VIJAYBHAI B DESAI |
| Nomination and remuneration committee | AJAYKUMAR VIPULBHAI MANDANKA (Chairperson), KIRANBEN NILESHBHAI GAJERA, VIJAYBHAI B DESAI |
| Stakeholders Relationship Committee | AJAYKUMAR VIPULBHAI MANDANKA (Chairperson), KIRANBEN NILESHBHAI GAJERA, VIJAYBHAI B DESAI |
| Corporate Social Responsibility Committee | BHUPATBHAI DAKUBHAI BHUVA (Chairperson), DINESHKUMAR DAKUBHAI BHUVA, AJAYKUMAR VIPULBHAI MANDANKA |
Charges & Borrowings of Sheetal Cool Products Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Nov 2025 | Axis Bank Limited | ₹42.35 Lakh | Open |
| 27 May 2025 | The Hongkong and Shanghai Banking Corporation Limited | ₹13.5 Cr | Open |
| 26 Nov 2024 | Axis Bank Limited | ₹81.6 Cr | Open |
| 31 May 2023 | Hdfc Bank Limited | ₹18.35 Lakh | Open |
| 31 May 2023 | Hdfc Bank Limited | ₹15.15 Lakh | Open |
Total charge records: 29 View all charges
Employees and EPFO Compliance at Sheetal Cool Products Limited
View historical data on people associated with Sheetal Cool Products Limited, including employment history and EPFO contributions.
Employee and EPFO history for Sheetal Cool Products Limited
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GST Compliance of Sheetal Cool Products Limited
GST registrations and filing compliance for Sheetal Cool Products Limited
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Credit Ratings, Litigation & Regulatory Alerts for Sheetal Cool Products Limited
Credit ratings, litigation, and regulatory alerts for Sheetal Cool Products Limited
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MSME Payment Delays by Sheetal Cool Products Limited
MSME payment history for Sheetal Cool Products Limited
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Subsidiaries & Group Companies of Sheetal Cool Products Limited
Corporate group structure for Sheetal Cool Products Limited
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MCA Filings & Documents of Sheetal Cool Products Limited
MCA filings and documents for Sheetal Cool Products Limited
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Recent Activity on Sheetal Cool Products Limited
Frequently Asked Questions about Sheetal Cool Products Limited
Sheetal Cool Products Limited is an active public limited company in the environment sector based in Amreli, Gujarat, India. It was incorporated on 14 October 2013 (13+ years old) and is registered under CIN L15205GJ2013PLC077205. Listed on BSE: 540757. The company has 14 employees.
Sheetal Cool Products Limited reported revenue of ₹366 Cr for FY 2026 based on standalone NSE filings.
The current directors of Sheetal Cool Products Limited are:
- Ajaykumar Vipulbhai Mandanka - Director
- Kiranben Nileshbhai Gajera - Director
- Dinesh Kumar Dakubhai Bhuva - Whole-Time Director
- Bhupatbhai Dakubhai Bhuva - Managing Director
- Sanjay Dakubhai Bhuva - Whole-Time Director
- Vijay Bhagwanbhai Desai - Director
The primary industry of Sheetal Cool Products Limited is environment. The company specifically operates in solar energy solutions. The company is currently active in this sector.
Yes. Sheetal Cool Products Limited is listed on BSE with code 540757.
Sheetal Cool Products Limited can be reached at the registered office: G I D C Plot No. 75 To 81, Amreli, Gujarat, India – 365601, or through the website sheetalicecream.com.