Shellz India Limited - food and beverages in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN U15490DL2012PLC235397 Incorporated 07 May 2012 ROC Delhi HQ New Delhi, Delhi, India
Active Listed - BSE: 544998 Public Limited Company food and beverages MSME · Medium
Data last updated
Share Price
₹170.05
-5.00% today
Revenue
₹193 Cr
FY 2025-26 · +3.0% YoY
EBITDA
₹31.70 Cr
Margin 16.5%
Net Profit
₹13.49 Cr
FY 2025-26 · +62.5% YoY
ROE
26.9%
ROCE 20.4%
Debt / Equity
1.82
Interest cover 33.4x
Authorised capital
₹13 Cr
Registered with MCA
Paid-up capital
₹8.72 Cr
Issued & subscribed

About Shellz India Limited

Data last updated:

Shellz India Limited is a public limited company based in New Delhi, Delhi, India. It operates in the bakery and confectionery products segment of the food and beverages sector. It was incorporated on 07 May 2012 and has been in existence for over 14 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U15490DL2012PLC235397. Its GSTIN is 07AAECT2526R1ZV (Delhi). The company holds 5 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544998.

The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹8.72 Cr. It was formerly known as Shellz India Private Limited and Tifosi Foods Private Limited. It is led by directors including Kapil Garg (Managing Director) and Shalini Garg.

Its last annual general meeting (AGM) was held on 15 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Main Rohtak Road Near Shivaji Park, 39/35 2nd Floor, Punjab.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹192.62 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹13.49 Cr (net margin 7%) and EBITDA of ₹31.7 Cr (EBITDA margin 16.5%). The net worth stands at ₹58.96 Cr (up 45.3% YoY). Total assets are valued at ₹161.12 Cr (up 34.4% YoY).

The company has about 7 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Shellz. As per MCA filings, the company has open charges of ₹109.76 Cr and satisfied charges of ₹94.89 Cr on record. Court records list 229 cases involving the company, including 120 filed by the company and 109 filed against it; 65 cases are pending. The company has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹6.84 Cr; the latest was in February 2025. Its 6 peer companies in the Food and Beverages industry (Confectionery and Bakery Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 2 smaller; the largest is Harish Bakers and Confectioners Private Limited with revenue of ₹174.28 Cr.

Shellz India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-06-0017710). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shellz.in.

Company details

CIN U15490DL2012PLC235397
Registration Number 235397
Incorporation Date 07 May 2012
ROC Delhi
Listing Status Listed (BSE: 544998)
Company Status Active
Date of Last AGM 15 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-06-0017710

Name history

Shellz India has undergone 4 name changes throughout its history. The current legal name is Shellz India Limited.

Company NameStatus
Shellz India LimitedCurrent
Shellz India Private LimitedPrevious
Tifosi Foods Private LimitedPrevious
Shellz Private LimitedPrevious

CIN history

Shellz India has one previous CIN (Corporate Identification Number): U15490DL2012PTC235397. The current CIN is U15490DL2012PLC235397, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U15490DL2012PLC235397Current
U15490DL2012PTC235397Previous

Recognitions & Rankings of Shellz India

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-DL-06-0017710

Contact details

Shellz India Limited's registered office is in New Delhi, Delhi. Its website is shellz.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
  • Registered Address
    39/35 2nd Floor, Main Rohtak Road Near Shivaji Park Metro Station West Punjabi Bagh, New Delhi, Delhi, India – 110026
  • Industry
    Food and Beverages, Bakery & Confectionery Products

To see the full contact details of Shellz India Limited, buy the company report.

Comprehensive company report
Shellz India 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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Secure checkout · GST invoice included

Brands

Shellz India operates one associated brand: Shellz. Each brand links to its own profile.

BrandDescriptionWebsite
A brand manufacturing a range of confectionery and beverage products.shellz.in

Business activity

The main business activity of Shellz India is manufacturing. In detail, this covers food, beverages and tobacco products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC1Food, beverages and tobacco products

To see the full business activity and turnover split of Shellz India Limited, buy the company report.

Financials of Shellz India Limited

FY 2025-26 filings available

Shellz India Limited reported revenue of ₹192.62 Cr (up 3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹193 Cr
+3.0% YoY
EBITDA
₹31.70 Cr
+29.0% YoY
Profit After Tax
₹13.49 Cr
+62.5% YoY
Net Worth
₹58.96 Cr
+45.3% YoY
Total Assets
₹161 Cr
+34.4% YoY
Total Debt
₹102 Cr
+28.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue193187162159
Revenue growth+3.0%+15.1%+2.5%-
EBITDA31.7024.5720.0916.68
EBITDA margin+16.5%+13.1%+12.4%+10.5%
Profit before tax19.3012.627.974.75
Net profit13.498.305.263.19
Net profit margin+7.0%+4.4%+3.2%+2.0%
EPS (₹)15.34119.8382.1049.89
Balance sheet
Total assets16112098.7388.73
Net worth58.9640.5826.9921.74
Total debt10279.0371.5466.76
Cash & bank1.140.021.710.18
Net working capital10366.7176.3667.04
Cash flow
Cash from operations(11.31)25.798.931.92
Cash from investing(7.02)(34.21)(4.49)(4.10)
Cash from financing19.456.73(2.90)0.44
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue19318716215915013191.42
Revenue growth+3.1%+15.1%+2.5%+5.8%+14.4%+43.3%-
EBITDA31.8124.4920.0916.6815.7315.1512.94
EBITDA margin+16.5%+13.1%+12.4%+10.5%+10.5%+11.6%+14.2%
Profit before tax19.2812.497.974.754.774.442.38
Net profit13.108.905.263.193.363.101.54
Net profit margin+6.8%+4.8%+3.2%+2.0%+2.2%+2.4%+1.7%
EPS (₹)15.04128.1382.1049.8952.7648.4732.40
Balance sheet
Total assets16212198.7388.7378.4067.6554.56
Net worth60.1142.0026.9921.7418.7415.379.12
Total debt10179.0371.5466.7659.6652.2845.45
Cash & bank0.900.471.710.181.921.211.25
Net working capital10268.4176.3667.0456.6343.4628.07
Cash flow
Cash from operations(8.71)29.258.931.921.774.761.03
Cash from investing(10.40)(34.37)(4.49)(4.10)(1.43)(5.50)(6.75)
Cash from financing19.533.89(2.90)0.440.371.176.05

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue193187162159
Revenue growth+3.0%+15.1%+2.5%-
Other income0.570.420.390.25
Total expenses161162142142
Employee cost7.956.352.882.65
EBITDA31.7024.5720.0916.68
EBITDA margin+16.5%+13.1%+12.4%+10.5%
Depreciation3.603.844.114.34
Interest9.378.538.407.84
Profit before tax19.3012.627.974.75
Tax5.934.322.711.55
Net profit13.498.305.263.19
Net profit margin+7.0%+4.4%+3.2%+2.0%
EPS (₹)15.34119.8382.1049.89
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital8.720.690.640.64
Reserves & surplus50.2439.8926.3521.10
Shareholders' funds (net worth)58.9640.5826.9921.74
Minority interest0.000.000.000.00
Secured loans66.0846.6848.8947.24
Unsecured loans35.6932.3522.6519.52
Total debt10279.0371.5466.76
Total liabilities16112098.7388.73
Assets
Gross block79.5254.9552.4948.21
Net block39.0818.1119.4919.33
Capital work in progress11.333.940.070.34
Investments0.000.000.000.00
Inventories70.2265.6654.8138.54
Sundry debtors48.6035.5555.7152.90
Cash & bank balances1.140.021.710.18
Loans & advances35.9412.9612.3614.37
Total current assets156114125106
Total current liabilities52.6047.4848.2338.95
Net working capital10366.7176.3667.04
Total assets16112098.7388.73
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash0.021.710.181.92
Net cash from operating activities(11.31)25.798.931.92
Net cash from investing activities(7.02)(34.21)(4.49)(4.10)
Net cash from financing activities19.456.73(2.90)0.44
Net change in cash1.12(1.69)1.53(1.74)
Closing cash1.140.021.710.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+3.0%+15.1%+2.5%-
EBITDA growth+29.0%+22.3%+20.4%-
PBT growth+52.9%+9997.0%+67.8%+9997.0%
Net income growth+62.5%+57.8%+64.9%-
Profitability & leverage
Net income margin+6.9%+4.4%+3.2%+2.0%
Return on capital employed+20.4%+19.4%+17.5%+14.2%
Return on net worth+26.9%+24.6%+21.6%+14.7%
Debt / equity1.822.232.843.07
Long-term debt / equity1.260.701.051.14
Interest cover33.3541.1552.5763.53
Efficiency & per share
Fixed asset turnover2.863.483.233.29
Inventory turnover2.843.103.484.11
Debtors turnover4.584.102.993.00
EPS (₹)15.34119.8382.1049.89
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)67.63585.77421.78339.68
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue19318716215915013191.42
Revenue growth+3.1%+15.1%+2.5%+5.8%+14.4%+43.3%-
Other income0.570.420.390.250.190.160.15
Total expenses16116214214213411678.48
Employee cost7.956.352.882.652.352.111.87
EBITDA31.8124.4920.0916.6815.7315.1512.94
EBITDA margin+16.5%+13.1%+12.4%+10.5%+10.5%+11.6%+14.2%
Depreciation3.603.844.114.344.144.213.87
Interest9.508.588.407.847.016.666.84
Profit before tax19.2812.497.974.754.774.442.38
Tax6.183.612.711.551.411.340.78
Net profit13.108.905.263.193.363.101.54
Net profit margin+6.8%+4.8%+3.2%+2.0%+2.2%+2.4%+1.7%
EPS (₹)15.04128.1382.1049.8952.7648.4732.40
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital8.720.690.640.640.640.640.49
Reserves & surplus51.3941.3126.3521.1018.1014.738.63
Shareholders' funds (net worth)60.1142.0026.9921.7418.7415.379.12
Secured loans65.9846.6848.8947.2426.5137.5032.55
Unsecured loans35.5132.3522.6519.5233.1514.7812.90
Total debt10179.0371.5466.7659.6652.2845.45
Total liabilities16212198.7388.7378.4067.6554.56
Assets
Gross block57.0254.9552.4948.210.0042.2238.77
Net block16.5918.1119.4919.330.0021.8222.58
Capital work in progress11.333.940.070.3420.690.000.00
Investments24.990.000.000.000.000.000.00
Inventories69.8565.6654.8138.5444.9039.5933.65
Sundry debtors47.9735.5555.7152.9046.8236.2528.82
Cash & bank balances0.900.471.710.181.921.211.25
Loans & advances32.8012.9612.3614.378.885.901.84
Total current assets15211512510610382.9565.56
Total current liabilities49.2646.2348.2338.9545.8939.4937.49
Net working capital10268.4176.3667.0456.6343.4628.07
Total assets16212198.7388.7378.4067.6554.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.471.710.181.921.211.250.91
Net cash from operating activities(8.71)29.258.931.921.774.761.03
Net cash from investing activities(10.40)(34.37)(4.49)(4.10)(1.43)(5.50)(6.75)
Net cash from financing activities19.533.89(2.90)0.440.371.176.05
Net change in cash0.43(1.24)1.53(1.74)0.710.440.33
Closing cash0.900.471.710.181.921.211.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.1%+15.1%+2.5%+5.8%+14.4%+43.3%-
EBITDA growth+29.9%+21.9%+20.4%+6.0%+3.8%+17.1%-
PBT growth+54.4%+56.7%+67.8%-0.4%+7.4%+86.6%+9997.0%
Net income growth+47.2%+69.2%+64.9%-5.1%+8.4%+101.3%-
Revenue CAGR (3Y)+6.7%+7.7%+7.4%+20.1%---
EBITDA CAGR (3Y)+24.0%+15.9%+9.9%+8.8%---
Profitability & leverage
Net income margin+6.8%+4.8%+3.2%+2.0%+2.2%+2.4%+1.8%
Return on capital employed+20.3%+17.4%-+15.3%+16.2%+18.2%+16.9%
Return on net worth+25.7%+21.1%-+15.2%+19.8%+25.3%+17.4%
Debt / equity1.771.88-3.073.283.994.98
Long-term debt / equity0.63-0.63-1.261.752.523.13
Interest cover33.6841.5552.5763.5360.4860.8875.41
Efficiency & per share
Fixed asset turnover3.443.40-0.007.103.232.36
Inventory turnover2.842.85-3.803.553.582.72
Debtors turnover4.615.26-3.183.614.033.17
EPS (₹)15.04128.1382.1049.8952.7648.4732.40
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)68.96606.25421.78339.68292.81240.16186.08

To see the full year-wise statements and ratios of Shellz India Limited, buy the company report.

Board of directors of Shellz India Limited

Shellz India has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kapil GargManaging Director15 May 201214 Years 5 MonthsCurrent
Shalini GargDirector30 May 20224 Years 4 MonthsCurrent
Sapna TomarDirector07 Nov 20241 Years 11 MonthsCurrent
Narinder SethiDirector10 Feb 20251 Years 8 MonthsCurrent

Peer comparison

Shellz India Limited is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Confectionery and Bakery Products), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Shellz India Limitedthis company₹192.62 Cr (FY 2026)₹13.49 Cr7%3.0%7New Delhi, Delhi, India
Harish Bakers and Confectioners Private Limited₹174.28 Cr (FY 2025)5.0%New Delhi, Delhi, India
Gwalia Sweets Pvt Ltd₹172.69 Cr (FY 2025)28.0%Ahmedabad, Gujarat, India
Bliss Chocolates India Private Limited₹171.87 Cr (FY 2025)15.0%Bangalore, Karnataka, India
Geo Nutri Foods Private Limited₹168.61 Cr (FY 2025)9.0%Kolkata, West Bengal, India
North East Nutrients Private Limited₹160.8 Cr (FY 2025)3.0%Kolkata, West Bengal, India
Aakriti Super Snacks Private Limited₹155.57 Cr (FY 2025)64.0%Kolar, Chhattisgarh, India

To see the full peer comparison of Shellz India Limited, buy the company report.

Auditor

Shellz India Limited is audited by KUMAR V & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
KUMAR V & ASSOCIATESFY 2023009501N

Shareholding

The shareholding of Shellz India Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Shellz India Limited, buy the company report.

Charges & borrowings

Open charges
₹109.76 Cr
Satisfied charges
₹94.89 Cr
Breakdown by lending institutions
Others₹60.98 Cr
Axis Bank Limited₹33.17 Cr
Yes Bank Limited₹15.62 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Aug 2026101358671Others₹1.47 CrOpen
01 Aug 2026101366856Axis Bank Limited₹4.89 CrOpen
31 Jul 2026101351277Others₹4.08 CrOpen
27 Mar 2026101278761Others₹4.81 CrOpen
26 Feb 2026101253487Others₹3.06 CrOpen

To see the full charge records of Shellz India Limited, buy the company report.

Total charge records: 61 View all charges

Deals & funding

Shellz India Limited has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹6.84 Cr; the latest was in February 2025.

Total deals
7
Funding rounds
3
Rights issues
2
Secondary share transfers
2
Disclosed funding
₹6.84 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Feb 2025Funding round₹81 LakhInvestors: 3 individuals
Aug 2024Funding round₹5.53 CrInvestors: Shellz Overseas Private Limited
Mar 2023Secondary share transferUndisclosedBuyer: an individual
Seller: Shellz Overseas Private Limited , an individual
Mar 2023Secondary share transferUndisclosedBuyer: an individual
Seller: Shellz Overseas Private Limited
Dec 2020Rights issue₹3.15 CrInvestors: Shellz Overseas Private Limited

To see the full deal history of Shellz India Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Shellz India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Shellz India Limited has a workforce of 7 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.

Employee count
7
Active EPFO establishments
1
Employee growth
-36.36%

GST

Shellz India has 5 GST registrations: 3 active and 2 cancelled or inactive.

Total GSTINs
5
Active
3
Cancelled / inactive
2
GSTINStateStatusRegistered on
07AAECT2526R1ZVDelhiActive01 Jul 2017
06AAECT2526R1ZXHaryanaActive24 Oct 2018
36AAECT2526R1ZUTelanganaActive11 Jan 2021

To see the full GST registrations and return filing status of Shellz India Limited, buy the company report.

Recent activity

Shellz India Limited has 6 board changes on record since 2012: 4 appointments and 2 cessations. The latest: Narinder Sethi was appointed as Director on 10 Feb 2025.

AGM
Shellz India Limited last Annual general meeting of members was held on 15 Sep 2026 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.47 Cr with Charge ID 101358671 was registered on 10 Aug 2026.
Charges
A charge with Axis Bank Limited amounted to Rs. 4.89 Cr with Charge ID 101366856 was registered on 01 Aug 2026.
Charges
A charge with Others amounted to Rs. 4.08 Cr with Charge ID 101351277 was registered on 31 Jul 2026.
Filing
Shellz India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi Ii.
Charges
A charge with Others amounted to Rs. 4.81 Cr with Charge ID 101278761 was registered on 27 Mar 2026.
Charges
A charge with Others amounted to Rs. 3.06 Cr with Charge ID 101253487 was registered on 26 Feb 2026.
Charges
A charge with Axis Bank Limited of Rs. 28.28 Cr registered on 26 Jul 2022 with Charge ID 100633348 was modified on 27 Jan 2026.
Charges
A charge with Others amounted to Rs. 3.93 Cr with Charge ID 101191634 was registered on 26 Sep 2025.
Charges
A charge with Others amounted to Rs. 1.69 Cr with Charge ID 101157126 was registered on 22 Sep 2025.
Charges
A charge registered on 25 Oct 2024 via Charge ID 101023849 with Others was fully satisfied on 20 Sep 2025.
Charges
A charge with Others amounted to Rs. 2.03 Cr with Charge ID 101167710 was registered on 30 Aug 2025.

109 earlier events are in the company report.

Frequently asked questions

Shellz India is an active public limited company based in New Delhi, Delhi, India. The company works in bakery and confectionery products, within the food and beverages industry. It was incorporated on 07 May 2012 (14+ years old) and is registered under CIN U15490DL2012PLC235397. Listed on BSE: 544998.

Shellz India reported revenue of ₹192.62 Cr for FY 2025-26 (up 3% YoY) based on consolidated financials.

Shellz India has 4 current directors:

The latest financial statements of Shellz India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 15 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Shellz India is 07AAECT2526R1ZV, registered in Delhi. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 06AAECT2526R1ZX (Haryana), 36AAECT2526R1ZU (Telangana).

The CIN (Corporate Identification Number) of Shellz India is U15490DL2012PLC235397. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Shellz India is a listed company as per MCA records. Its shares are listed on BSE (code: 544998).

Shellz India has 229 court cases on record: 120 filed by the company and 109 filed against it. 65 are pending. Most are in the district courts.

Shellz India was incorporated on 07 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.

Shellz India has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹6.84 Cr; the latest was in February 2025.

The peers of Shellz India by revenue are Harish Bakers and Confectioners Private Limited, Gwalia Sweets Pvt Ltd, Bliss Chocolates India Private Limited, Geo Nutri Foods Private Limited, North East Nutrients Private Limited and 1 more, all in the Food and Beverages industry (Confectionery and Bakery Products), with the same principal business activity (food, beverages and tobacco products).