Shekhawati Industries Limited
About Shekhawati Industries Limited
Data last updated:
Shekhawati Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It was incorporated on 05 November 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L68200MH1990PLC435549. Its GSTIN is 26AABCS5224N1Z6 (Dadra and Nagar Haveli and Daman and Diu). It is a listed company.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹34.47 Cr. It is led by directors including Mukesh Ramniranjan Ruia (Managing Director) and Ravi Sanjay Jogi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 17 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹16.45 Cr, a decline of 72.9% compared to the previous year. For the same year it recorded a net profit of ₹8.62 Cr (net margin 52.4%) and EBITDA of ₹8.31 Cr (EBITDA margin 50.5%). The net worth stands at ₹21.99 Cr (up 66.7% YoY). Total assets are valued at ₹23.69 Cr (up 70.2% YoY).
As per MCA filings, the company has satisfied charges of ₹614.29 Cr on record. Court records list 8 cases involving the company, including 4 filed by the company and 4 filed against it; 3 cases are pending.
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- Registered AddressUnit No.1102/1103 A – Wing 11th Floor, Express Zone Nr.Patel Vatika Off.Western Express Highway, Mumbai, Maharashtra, India – 400097
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Financials of Shekhawati Industries Limited FY 2025-26 filings available
Shekhawati Industries Limited reported revenue of ₹16.45 Cr (down 72.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 16.45 | 60.64 | 76.75 | 303 | 363 | 28.69 | 163 |
| Revenue growth | -72.9% | -21.0% | -74.7% | -16.5% | +1166.2% | -82.4% | - |
| EBITDA | 8.31 | 5.35 | (48.32) | (12.23) | (16.66) | (2.96) | (11.90) |
| EBITDA margin | +50.5% | +8.8% | -63.0% | -4.0% | -4.6% | -10.3% | -7.3% |
| Profit before tax | 8.79 | 6.28 | 154 | (21.19) | (24.38) | (11.44) | (21.11) |
| Net profit | 8.62 | 6.19 | 10.92 | (21.19) | (24.38) | (11.44) | (21.12) |
| Net profit margin | +52.4% | +10.2% | +14.2% | -7.0% | -6.7% | -39.9% | -13.0% |
| EPS (₹) | 2.55 | 1.82 | 4.47 | (0.61) | (0.71) | (0.33) | (0.61) |
| Balance sheet | |||||||
| Total assets | 23.69 | 13.92 | 16.08 | 55.20 | 76.91 | 103 | 102 |
| Net worth | 21.99 | 13.19 | 7.27 | (147) | (126) | (101) | (89.77) |
| Total debt | 1.38 | 0.36 | 0.84 | 202 | 202 | 204 | 191 |
| Cash & bank | 1.77 | 0.53 | 0.35 | 1.12 | 1.00 | 0.11 | 0.17 |
| Net working capital | 14.18 | 2.13 | 5.15 | (24.96) | (7.87) | 5.75 | (5.98) |
| Cash flow | |||||||
| Cash from operations | (8.11) | (0.55) | 12.35 | 2.41 | 4.76 | (1.62) | 1.33 |
| Cash from investing | 9.66 | 0.77 | 47.51 | (1.70) | (1.28) | 0.14 | (0.46) |
| Cash from financing | (0.27) | (0.10) | (60.64) | (0.54) | (2.69) | 1.48 | (0.85) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.53 | 8.31 | 2.14 | 3.00 | 3.00 | 10.96 | 15.29 | 17.87 |
| Revenue growth (YoY) | -49.0% | -24.2% | -86.0% | -83.2% | -81.8% | - | - | - |
| Other income | 8.22 | 0.70 | 0.05 | 0.18 | 1.24 | 0.08 | 0.39 | 0.41 |
| Total expenses | 2.74 | 3.96 | 2.34 | 1.09 | 1.21 | 10.97 | 13.93 | 15.46 |
| EBITDA | (1.21) | 4.35 | (0.20) | 1.91 | 1.79 | (0.01) | 1.36 | 2.41 |
| EBITDA margin | -79.6% | +53.4% | -9.4% | +63.7% | +59.7% | -0.1% | +8.9% | +13.5% |
| Depreciation | 0.39 | 0.37 | 0.32 | 0.21 | 0.21 | 0.22 | 0.22 | 0.25 |
| Interest | 0.10 | 0.04 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 6.52 | 4.64 | (0.51) | 1.87 | 2.81 | (0.16) | 1.52 | 2.56 |
| Tax | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.53 | 8.31 | 2.14 | 3.00 | 3.00 | 10.96 | 15.29 | 17.87 |
| Revenue growth (YoY) | -49.0% | -24.2% | -86.0% | -83.2% | -81.8% | - | - | - |
| Other income | 8.22 | 0.70 | 0.05 | 0.18 | 1.24 | 0.08 | 0.39 | 0.41 |
| Total expenses | 2.74 | 3.96 | 2.34 | 1.09 | 1.21 | 10.97 | 13.93 | 15.46 |
| EBITDA | (1.21) | 4.35 | (0.20) | 1.91 | 1.79 | (0.01) | 1.36 | 2.41 |
| EBITDA margin | -79.6% | +53.4% | -9.4% | +63.7% | +59.7% | -0.1% | +8.9% | +13.5% |
| Depreciation | 0.39 | 0.37 | 0.32 | 0.21 | 0.21 | 0.22 | 0.22 | 0.25 |
| Interest | 0.10 | 0.04 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 6.52 | 4.64 | (0.51) | 1.87 | 2.81 | (0.16) | 1.52 | 2.56 |
| Tax | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 16.45 | 60.64 | 76.75 | 303 | 363 | 28.69 | 163 |
| Revenue growth | -72.9% | -21.0% | -74.7% | -16.5% | +1166.2% | -82.4% | - |
| Other income | 1.69 | 1.78 | 211 | 0.26 | 1.52 | 1.31 | 0.74 |
| Total expenses | 8.14 | 55.29 | 125 | 316 | 380 | 31.65 | 175 |
| Employee cost | 1.85 | 6.20 | 5.46 | 9.05 | 9.42 | 6.78 | 9.16 |
| EBITDA | 8.31 | 5.35 | (48.32) | (12.23) | (16.66) | (2.96) | (11.90) |
| EBITDA margin | +50.5% | +8.8% | -63.0% | -4.0% | -4.6% | -10.3% | -7.3% |
| Depreciation | 1.11 | 0.81 | 8.35 | 9.15 | 9.15 | 9.55 | 9.75 |
| Interest | 0.10 | 0.04 | 0.04 | 0.07 | 0.09 | 0.24 | 0.20 |
| Profit before tax | 8.79 | 6.28 | 154 | (21.19) | (24.38) | (11.44) | (21.11) |
| Tax | 0.00 | (0.01) | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 8.62 | 6.19 | 10.92 | (21.19) | (24.38) | (11.44) | (21.12) |
| Net profit margin | +52.4% | +10.2% | +14.2% | -7.0% | -6.7% | -39.9% | -13.0% |
| EPS (₹) | 2.55 | 1.82 | 4.47 | (0.61) | (0.71) | (0.33) | (0.61) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 34.47 | 34.47 | 34.47 | 34.47 | 34.47 | 34.47 | 34.47 |
| Reserves & surplus | (12.48) | (21.28) | (27.20) | (181) | (160) | (136) | (124) |
| Shareholders' funds (net worth) | 21.99 | 13.19 | 7.27 | (147) | (126) | (101) | (89.77) |
| Secured loans | 0.00 | 0.00 | 0.00 | 201 | 201 | 201 | 190 |
| Unsecured loans | 1.38 | 0.36 | 0.84 | 0.55 | 1.03 | 2.91 | 1.18 |
| Total debt | 1.38 | 0.36 | 0.84 | 202 | 202 | 204 | 191 |
| Total liabilities | 23.69 | 13.92 | 16.08 | 55.20 | 76.91 | 103 | 102 |
| Assets | |||||||
| Gross block | 6.48 | 3.70 | 3.97 | 141 | 140 | 138 | 138 |
| Net block | 3.45 | 1.77 | 2.21 | 73.56 | 80.91 | 88.08 | 97.59 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.37 | 6.37 |
| Investments | 3.68 | 3.80 | 1.38 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 16.42 | 9.21 | 1.14 | 1.14 | 34.14 | 0.28 | 1.09 |
| Sundry debtors | 0.47 | 0.55 | 11.89 | 19.30 | 18.58 | 4.25 | 2.90 |
| Cash & bank balances | 1.77 | 0.53 | 0.35 | 1.12 | 1.00 | 0.11 | 0.17 |
| Loans & advances | 3.73 | 16.02 | 19.81 | 6.53 | 7.42 | 3.92 | 4.21 |
| Total current assets | 22.39 | 26.31 | 33.19 | 28.09 | 61.14 | 8.56 | 8.37 |
| Total current liabilities | 8.21 | 24.18 | 28.04 | 53.05 | 69.01 | 2.81 | 14.35 |
| Net working capital | 14.18 | 2.13 | 5.15 | (24.96) | (7.87) | 5.75 | (5.98) |
| Total assets | 23.69 | 13.92 | 16.08 | 55.20 | 76.91 | 103 | 102 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.42 | 0.29 | 1.07 | 0.90 | 0.11 | 0.11 | 0.10 |
| Net cash from operating activities | (8.11) | (0.55) | 12.35 | 2.41 | 4.76 | (1.62) | 1.33 |
| Net cash from investing activities | 9.66 | 0.77 | 47.51 | (1.70) | (1.28) | 0.14 | (0.46) |
| Net cash from financing activities | (0.27) | (0.10) | (60.64) | (0.54) | (2.69) | 1.48 | (0.85) |
| Net change in cash | 1.29 | 0.13 | (0.78) | 0.17 | 0.80 | 0.00 | 0.01 |
| Closing cash | 1.77 | 0.53 | 0.35 | 1.12 | 1.00 | 0.11 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -72.9% | -21.0% | -74.7% | -16.5% | +1166.2% | -82.4% | - |
| EBITDA growth | +55.3% | +111.1% | -295.1% | +26.6% | -462.8% | +75.1% | - |
| PBT growth | +40.0% | -95.9% | +9998.0% | +13.1% | -113.1% | +45.8% | -129.2% |
| Net income growth | +39.3% | -43.3% | +151.5% | +13.1% | -113.1% | +45.8% | - |
| Revenue CAGR (3Y) | -62.2% | -44.9% | +38.8% | +23.1% | +35.2% | -41.6% | +20.6% |
| EBITDA CAGR (3Y) | - | - | +153.7% | +0.9% | +646.8% | -14.9% | -36.2% |
| Profitability & leverage | |||||||
| Net income margin | +53.4% | +10.4% | +200.6% | -7.0% | -6.7% | -39.9% | -13.0% |
| Return on capital employed | +9.6% | +6.6% | +14.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +9.6% | +6.9% | -39.6% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.05 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.04 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.39 | 0.88 | -0.07 | -0.33 | -0.35 | -1.92 | -0.92 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.23 | 15.81 | 1.06 | 2.16 | 2.62 | 0.21 | 1.19 |
| Inventory turnover | 1.28 | 11.72 | 67.32 | 17.20 | 21.11 | 41.88 | 43.93 |
| Debtors turnover | 32.25 | 9.75 | 4.92 | 16.02 | 31.82 | 8.03 | 22.17 |
| EPS (₹) | 2.55 | 1.82 | 4.47 | (0.61) | (0.71) | (0.33) | (0.61) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 6.38 | 3.83 | 0.21 | (4.26) | (3.64) | (2.93) | (2.60) |
Board of Directors of Shekhawati Industries Limited
Shekhawati Industries has 6 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Sanjay Jogi Also directs: Grid Master Private Limited | Whole-Time Director | 10 Aug 2013 | 13 Years 2 Months | Current |
| Mukesh Ramniranjan Ruia Also directs: All India Texturisers Association | Managing Director | 10 Aug 2013 | 13 Years 2 Months | Current |
| Shweta Mundra | Director | 12 Jul 2025 | 1 Years 3 Months | Current |
| Sudha Navin Agarwal Also directs: MRC Agrotech Limited, Vijaydimon Diamond (India) Private Limited | Director | 26 Aug 2020 | 6 Years 1 Months | Current |
| Nirmal Bagri | Director | 23 Apr 2021 | 5 Years 5 Months | Current |
| Kalpana Mukesh Ruia | Director | 24 Jul 2025 | 1 Years 2 Months | Current |
Charges & Borrowings of Shekhawati Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Aug 2015 | Others | ₹3 Cr | Satisfied |
| 08 Dec 2014 | Others | ₹110 Cr | Satisfied |
| 07 Apr 2014 | State Bank of India | ₹24.56 Cr | Satisfied |
| 02 Nov 2011 | Others | ₹45 Cr | Satisfied |
| 27 Apr 2011 | Others | ₹5 Cr | Satisfied |
Total charge records: 12 View all charges
Legal Cases of Shekhawati Industries Limited
Shekhawati Industries Limited has 8 court cases on record: 4 filed by Shekhawati Industries, 4 filed against it. 3 cases are pending and 5 are disposed. Status as checked between 29 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 2 |
| High courts | 2 | 2 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against Sanya Management Consultancy Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Bail application | Filed against the company by Sanya Management Consultancy Private Limited | Disposed |
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Court case (I. D. R) | Filed by the company against an individual | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Indian Bank (Formerly Allahabad Bank) | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against an individual | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
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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 by Shekhawati Industries Limited
Shekhawati Industries Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Witmans Industries Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
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Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Shekhawati Industries Limited
Employment history and EPFO contributions of people linked to Shekhawati Industries.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Shekhawati Industries Limited
Shekhawati Industries Limited has 6 board changes on record since 2013: 6 appointments. The latest: Kalpana Mukesh Ruia was appointed as Director on 24 Jul 2025.
30 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shekhawati Industries Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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Subsidiaries & Group Companies of Shekhawati Industries Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Shekhawati Industries Limited
Shekhawati Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AABCS5224N1Z6 | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
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MCA Filings & Documents of Shekhawati Industries Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
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- Complete filing index
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Frequently Asked Questions about Shekhawati Industries Limited
Shekhawati Industries is an active public limited company based in Mumbai, Maharashtra, India. It was incorporated on 05 November 1990 (36+ years old) and is registered under CIN L68200MH1990PLC435549.
Shekhawati Industries reported revenue of ₹16.45 Cr for FY 2025-26 (down 72.9% YoY) based on standalone financials.
Shekhawati Industries has 6 current directors:
- Mukesh Ramniranjan Ruia - Managing Director
- Ravi Sanjay Jogi - Whole-Time Director
- Shweta Mundra - Director
- Sudha Navin Agarwal - Director
- Nirmal Bagri - Director
- Kalpana Mukesh Ruia - Director
The GSTIN of Shekhawati Industries is 26AABCS5224N1Z6, registered in Dadra and Nagar Haveli and Daman and Diu.
The CIN (Corporate Identification Number) of Shekhawati Industries is L68200MH1990PLC435549. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Shekhawati Industries is a listed company.
Shekhawati Industries has 8 court cases on record: 4 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Shekhawati Industries was incorporated on 05 November 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Kalpana Mukesh Ruia was appointed as Director on 24 Jul 2025. Shweta Mundra was appointed as Director on 12 Jul 2025. Nirmal Bagri was appointed as Director on 23 Apr 2021. Shekhawati Industries has 6 board changes on record in total.
Shekhawati Industries has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 01 Jun 2019.
The registered office of Shekhawati Industries is at Unit No.11021103 A – Wing 11th Floor, Express Zone Nr.Patel Vatika Off.Western Express Highway, Mumbai, Maharashtra, India – 400097.