Shells Engineering Private Limited
About Shells Engineering Private Limited
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Shells Engineering Private Limited is a private limited company based in Dist Valsad, Gujarat, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 06 November 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ1985PTC008245.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹13 Lakh. It is led by directors including Niket Ramesh Panchal (Whole-Time Director) and Parthik Rameshbhai Panchal (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 322/2A Gidcvapi, Dist Valsad, Gujarat, India – 396195.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.85 Lakh, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹3.7 Lakh (net margin -34.1%) and EBITDA of ₹70,820 (EBITDA margin 6.5%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 40% over five years.
As per MCA filings, the company has open charges of ₹1.18 Cr and satisfied charges of ₹1.49 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No 322/2A Gidcvapi, Dist Valsad, Gujarat, India – 396195
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
- 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
- One PDF report, delivered after checkout
Business Activity of Shells Engineering Private Limited
The main business activity of Shells Engineering is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Shells Engineering Private Limited FY 2025 filings available
Shells Engineering Private Limited reported revenue of ₹10.85 Lakh (down 46% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Shells Engineering Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 40% over five years, including a 46% fall in the latest year. EBITDA rose 106% 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 Shells Engineering Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹70,820 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.7 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 Shells Engineering Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -34.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Shells Engineering are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Shells Engineering Private Limited
Shells Engineering Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jamshedpur Welpack Poly Industries Limited | ₹11.04 Lakh (FY 2017) | •••• | •••• | 46.0% | •••• | Kolkata, West Bengal, India |
| Saratech Industrial Fabricators Private Limited | ₹11 Lakh (FY 2019) | •••• | •••• | •••• | Uttar Pradesh, India | |
| Pharaoh Engineering and Services Private Limited | ₹10.98 Lakh (FY 2020) | •••• | •••• | -45.0% | •••• | Pune, Maharashtra, India |
| Dassnagar Prcision Engineering Pvt Ltd | ₹10.92 Lakh (FY 2022) | •••• | •••• | 252.0% | •••• | Howrah, West Bengal, India |
| Meritorious Engineering Private Limited | ₹10.86 Lakh (FY 2025) | •••• | •••• | -73.0% | •••• | Sikandrabad, Uttar Pradesh, India |
| Shells Engineering Private Limited this company | ₹10.85 Lakh (FY 2024) | •••• | •••• | -46.0% | •••• | Dist Valsad, Gujarat, India |
| Saibaba CNC Machines Limited | ₹10.81 Lakh (FY 2025) | •••• | •••• | •••• | Navi Mumbai, Maharashtra, India | |
| Vinyas Hydro Technologies Private Limited | ₹10.76 Lakh (FY 2022) | •••• | •••• | -10.0% | •••• | Mysuru, Karnataka, India |
| Stuti Engineers Private Limited | ₹10.73 Lakh (FY 2024) | •••• | •••• | -33.0% | •••• | New Delhi, Delhi, India |
| Botzlab Innovations & Services Private Limited | ₹10.63 Lakh (FY 2024) | •••• | •••• | -18.0% | •••• | Bangalore, Karnataka, India |
| Melizone Private Limited | ₹10.58 Lakh (FY 2021) | •••• | •••• | 28.0% | •••• | North East, Delhi, India |
Peers are the five companies nearest above and the five nearest below Shells Engineering by revenue in the Machinery and Equipment industry (Process Machinery), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Shells Engineering Private Limited
Shells Engineering Private Limited is audited by G B LADDHA & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G B LADDHA & CO LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Shells Engineering Private Limited
Shells Engineering has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niket Ramesh Panchal | Whole-Time Director | 17 Jan 2011 | 15 Years 8 Months | Current |
| Parthik Rameshbhai Panchal | Whole-Time Director | 24 Dec 2013 | 12 Years 9 Months | Current |
| Rameshchandra Keshavlal Panchal | Whole-Time Director | 06 Nov 1985 | 40 Years 11 Months | Current |
Ownership and Shareholding of Shells Engineering Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Shells Engineering Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Nov 2010 | Others | ₹50 Lakh | Satisfied |
| 18 Nov 2010 | Bank of Baroda | ₹68 Lakh | Satisfied |
| 01 Jan 1992 | State Bank of Saurashtra | ₹1 Lakh | Satisfied |
| 19 Jul 1990 | State Bank of Saurashtra | ₹5.54 Lakh | Satisfied |
| 06 Oct 1988 | Gujarat State Financial Corporation | ₹24.82 Lakh | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Shells Engineering Private Limited
Employment history and EPFO contributions of people linked to Shells Engineering.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Shells Engineering Private Limited
Shells Engineering has one previous CIN (Corporate Identification Number): U45201GJ1985PTC008245. The current CIN is U29100GJ1985PTC008245, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29100GJ1985PTC008245 | Current |
| U45201GJ1985PTC008245 | Previous |
Recent Activity on Shells Engineering Private Limited
Shells Engineering Private Limited has 7 board changes on record since 1985: 5 appointments and 2 cessations. The latest: Keshavlal Motiram Panchal ceased to be Whole-Time Director on 24 Dec 2013.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shells Engineering Private 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
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Shells Engineering Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Shells Engineering Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Shells Engineering Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Shells Engineering Private 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
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Shells Engineering Private Limited
Shells Engineering is an active private limited company based in Dist Valsad, Gujarat, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 06 November 1985 (41+ years old) and is registered under CIN U29100GJ1985PTC008245.
Shells Engineering reported revenue of ₹10.85 Lakh for FY 2024 (down 46% YoY).
Shells Engineering has 3 current directors:
- Niket Ramesh Panchal - Whole-Time Director
- Parthik Rameshbhai Panchal - Whole-Time Director
- Rameshchandra Keshavlal Panchal - Whole-Time Director
Shells Engineering reported a net loss of ₹3.7 Lakh (net margin -34.1%) and EBITDA of ₹70,820 (EBITDA margin 6.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shells Engineering is -59% over three years and -40% over five years. In the latest year (FY 2024) revenue fell 46%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Shells Engineering is U29100GJ1985PTC008245. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shells Engineering was incorporated on 06 November 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Shells Engineering by revenue are Jamshedpur Welpack Poly Industries Limited, Saratech Industrial Fabricators Private Limited, Pharaoh Engineering and Services Private Limited, Dassnagar Prcision Engineering Pvt Ltd, Meritorious Engineering Private Limited and 5 more, all in the Machinery and Equipment industry (Process Machinery).
Keshavlal Motiram Panchal ceased to be Whole-Time Director on 24 Dec 2013. Parthik Rameshbhai Panchal was appointed as Whole-Time Director on 24 Dec 2013. Vinodchandra Motiram Panchal ceased to be Whole-Time Director on 31 Mar 2011. Shells Engineering has 7 board changes on record in total.
The registered office of Shells Engineering is at Plot No 3222A Gidcvapi, Dist Valsad, Gujarat, India – 396195.
Shells Engineering has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹13 Lakh.