Sipal Plastic Industries Private Limited
About Sipal Plastic Industries Private Limited
Data last updated:
Sipal Plastic Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 15 December 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH1989PTC054635.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Pinakin Chandrakant Shah and Bela Amit Shah.
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 1 5th Floor Aman Chembers Mama Parmanand Marg New Queens Road Opera House, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.8 Lakh, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹1.2 Lakh (net margin 66.9%) and EBITDA of ₹1.22 Lakh (EBITDA margin 67.9%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 3% over five years.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address1 5th Floor Aman Chembers Mama Parmanand Marg New Queens Road Opera House, Mumbai, Maharashtra, India – 400004
- IndustryConsumer Goods, Accessories Retail & Distribution
- 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
Financials of Sipal Plastic Industries Private Limited FY 2025 filings available
Sipal Plastic Industries Private Limited reported revenue of ₹1.8 Lakh (up 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Sipal Plastic Industries Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 20% growth 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 Sipal Plastic Industries 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 | ₹1.22 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.2 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 Sipal Plastic Industries Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 67.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 66.9% | •••• | •••• | •••• | •••• |
| 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 Sipal Plastic Industries 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.
Board of Directors of Sipal Plastic Industries Private Limited
Sipal Plastic Industries has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pinakin Chandrakant Shah Also directs: S & M Sky Villas LLP, Situ Plastic Industries Pvt Ltd, Swastik Optical Company Pvt Ltd and 4 more | Director | 24 Mar 2015 | 11 Years 6 Months | Current |
| Bela Amit Shah Also directs: Shah Farm Industrial Estate LLP | Director | 01 Apr 2000 | 26 Years 6 Months | Current |
Peer Comparison of Sipal Plastic Industries Private Limited
Sipal Plastic Industries Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Accessories Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hillmen Lifestyle Private Limited | ₹1.89 Lakh (FY 2023) | •••• | •••• | •••• | Indore, Madhya Pradesh, India | |
| Skyline Bag World Private Limited | ₹1.86 Lakh (FY 2024) | •••• | •••• | -76.0% | •••• | Patna, Bihar, India |
| Sunrise Luxury Retail Private Limited | ₹1.84 Lakh (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Sipal Plastic Industries Private Limited this company | ₹1.8 Lakh (FY 2024) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| Suprabharath Exports P Ltd | ₹1.8 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Rajdarbar Overseas Private Limited | ₹1.8 Lakh (FY 2025) | •••• | •••• | •••• | Agra, Uttar Pradesh, India | |
| KJVB Design Private Limited | ₹1.8 Lakh (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Shrinarayan Epay Private Limited | ₹1.76 Lakh (FY 2025) | •••• | •••• | •••• | Delhi, India | |
| Swetanshika Solutions Private Limited | ₹1.76 Lakh (FY 2025) | •••• | •••• | -8.0% | •••• | Delhi, India |
| Housing Estates Pvt Ltd | ₹1.75 Lakh (FY 2024) | •••• | •••• | 15.0% | •••• | Kolkata, West Bengal, India |
| Wolfpack Outdoors Private Limited | ₹1.65 Lakh (FY 2025) | •••• | •••• | -49.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Sipal Plastic Industries by revenue in the Consumer Products industry (Accessories Retail and Distribution), 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 Sipal Plastic Industries Private Limited
Sipal Plastic Industries Private Limited is audited by VIPUL JITENDRA & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIPUL JITENDRA & ASSOCIATES | 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.
Ownership and Shareholding of Sipal Plastic Industries 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 Sipal Plastic Industries Private Limited
Sipal Plastic Industries Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Sipal Plastic Industries Private Limited
Employment history and EPFO contributions of people linked to Sipal Plastic Industries.
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.
Recent Activity on Sipal Plastic Industries Private Limited
Sipal Plastic Industries Private Limited has 5 board changes on record since 1994: 3 appointments and 2 cessations. The latest: Suresh Amratlal Shah ceased to be Director on 07 Nov 2020.
Credit Ratings, Litigation & Regulatory Alerts for Sipal Plastic Industries 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 Sipal Plastic Industries 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 Sipal Plastic Industries 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 Sipal Plastic Industries 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 Sipal Plastic Industries 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 Sipal Plastic Industries Private Limited
Sipal Plastic Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 15 December 1989 (37+ years old) and is registered under CIN U25209MH1989PTC054635.
Sipal Plastic Industries reported revenue of ₹1.8 Lakh for FY 2024 (up 20% YoY).
Sipal Plastic Industries has 2 current directors:
- Pinakin Chandrakant Shah - Director
- Bela Amit Shah - Director
Sipal Plastic Industries reported a net profit of ₹1.2 Lakh (net margin 66.9%) and EBITDA of ₹1.22 Lakh (EBITDA margin 67.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sipal Plastic Industries is 22% over three years and 3% over five years. In the latest year (FY 2024) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Sipal Plastic Industries is U25209MH1989PTC054635. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sipal Plastic Industries was incorporated on 15 December 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sipal Plastic Industries by revenue are Hillmen Lifestyle Private Limited, Skyline Bag World Private Limited, Sunrise Luxury Retail Private Limited, Suprabharath Exports P Ltd, Rajdarbar Overseas Private Limited and 5 more, all in the Consumer Products industry (Accessories Retail and Distribution).
Suresh Amratlal Shah ceased to be Director on 07 Nov 2020. Pinakin Chandrakant Shah ceased to be Additional Director on 30 Sep 2015. Pinakin Chandrakant Shah was appointed as Director on 24 Mar 2015. Sipal Plastic Industries has 5 board changes on record in total.
The registered office of Sipal Plastic Industries is at 1 5th Floor Aman Chembers Mama Parmanand Marg New Queens Road Opera House, Mumbai, Maharashtra, India – 400004.
Sipal Plastic Industries has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5 Lakh.