Sitaram Textiles Ltd
About Sitaram Textiles Ltd
Data last updated:
Sitaram Textiles Ltd is a public limited state government company based in Thrissur, Kerala, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 14 February 1975 and has been in existence for over 51 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U17115KL1975SGC002670. Its GSTIN is 32AADCS3127L1ZH (Kerala). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.94 Cr. It is led by directors including Ganesh Muthiah (Managing Director) and Kalarikandi Thali Jayarajan (Managing Director).
Its last annual general meeting (AGM) was held on 24 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Xxviii/319 Shornur Road Poonkunnam, Thrissur, Kerala, India – 680002.
As per the financials filed for FY 2019, the company reported a revenue of ₹11.74 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net loss of ₹7.39 Cr (net margin -62.9%) and EBITDA of -₹3.11 Cr (EBITDA margin -26.5%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company has about 158 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.32 Cr on record. Court records list 41 cases involving the company, including 17 filed by the company and 14 filed against it; 4 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressXxviii/319 Shornur Road Poonkunnam, Thrissur, Kerala, India – 680002
- IndustryManufacturing, Textile & Fabric Production
- 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 Sitaram Textiles Ltd
The main business activity of Sitaram Textiles is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | 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 Sitaram Textiles Ltd FY 2019 filings available
Sitaram Textiles Ltd reported revenue of ₹11.74 Cr (up 45% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Sitaram Textiles Ltd
Revenue rose 45% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA fell 3% 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 Sitaram Textiles Ltd
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹11.74 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹3.11 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7.39 Cr | •••• | •••• | •••• | •••• |
| 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 Sitaram Textiles Ltd
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -62.9% | •••• | •••• | •••• | •••• |
| 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 Sitaram Textiles 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 Sitaram Textiles Ltd
Sitaram Textiles Ltd is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chitrak Garments Private Limited | ₹11.77 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Bhilwara, Rajasthan, India |
| Golhar Ginning & Oils Private Limited | ₹11.76 Cr (FY 2018) | •••• | •••• | -53.0% | •••• | Wardha, Maharashtra, India |
| Sky Tex Industries Private Limited | ₹11.76 Cr (FY 2023) | •••• | •••• | 17.0% | •••• | Sonipat, Haryana, India |
| Sri Janu Textiles Private Limited | ₹11.76 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Hyderabad, Telangana, India |
| Cee Cee Fabrics Private Limited | ₹11.75 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Delhi, India |
| Sitaram Textiles Ltd this company | ₹11.74 Cr (FY 2019) | •••• | •••• | 45.0% | •••• | Thrissur, Kerala, India |
| Pushpa Multi Texfab Private Limited | ₹11.73 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Kishangarh, Rajasthan, India |
| Pret Interpret Clothing Private Limited | ₹11.72 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Bangalore, Karnataka, India |
| Yoyo Fashion India Private Limited | ₹11.72 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Surat, Gujarat, India |
| Shri Ramshakti Fabrics Private Limited | ₹11.72 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Ahmedabad, Gujarat, India |
| Unique Wears Private Limited | ₹11.7 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Sitaram Textiles by revenue in the Manufacturing industry (Textiles), 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 Sitaram Textiles Ltd
Sitaram Textiles Ltd is audited by JGS & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JGS & 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.
Board of Directors of Sitaram Textiles Ltd
Sitaram Textiles has 4 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Muthiah | Managing Director | 31 Dec 2016 | 9 Years 9 Months | Current |
| Kalarikandi Thali Jayarajan | Managing Director | 18 Feb 2020 | 6 Years 7 Months | Current |
| Madhusoodanan Nair Achuthan Pillai | Nominee Director | 16 Feb 2017 | 9 Years 7 Months | Current |
| Sudhir Krishnadas | Nominee Director | 04 Jul 2016 | 10 Years 3 Months | Current |
Ownership and Shareholding of Sitaram Textiles Ltd
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 Sitaram Textiles Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Apr 1996 | State Bank of India | ₹2.47 Cr | Open |
| 06 Sep 1979 | State Bank of India | ₹25 Lakh | Open |
| 30 Dec 1978 | Industrial Finance Corporation of India | ₹85 Lakh | Open |
| 14 Feb 1978 | Industrial Finance Corporation of India | ₹75 Lakh | Open |
Total charge records: 4 View all charges
Legal Cases of Sitaram Textiles Ltd
Sitaram Textiles Ltd has 41 court cases on record: 17 filed by Sitaram Textiles, 14 filed against it, 10 where it is another party. 4 cases are pending and 37 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 39 | 14 | 4 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Court case (Co.Pet) | Filed against the company by The Cotton Corporation of India Limited | Disposed |
| High Court of Kerala | Court case (MJC) | Filed by the company against an individual | Pending |
| High Court of Kerala | Writ petition | Company is another party | Pending |
| High Court of Kerala | Revision petition | Filed by the company against an individual | Pending |
| High Court of Kerala | Writ petition | Company is another party | Disposed |
Full case history
All 41 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
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Sitaram Textiles Ltd
Sitaram Textiles Ltd has a workforce of 158 employees as of Oct 13, 2024.
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 Sitaram Textiles Ltd
Sitaram Textiles has one previous CIN (Corporate Identification Number): U17115KL1975PLC002670. The current CIN is U17115KL1975SGC002670, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17115KL1975SGC002670 | Current |
| U17115KL1975PLC002670 | Previous |
Recent Activity on Sitaram Textiles Ltd
Sitaram Textiles Ltd has 37 board changes on record since 2007: 4 appointments and 33 cessations. The latest: Kalarikandi Thali Jayarajan was appointed as Managing Director on 18 Feb 2020.
32 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sitaram Textiles Ltd
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 Sitaram Textiles Ltd
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 Sitaram Textiles Ltd
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 Sitaram Textiles Ltd
Sitaram Textiles has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCS3127L1ZH | Kerala | 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
- 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 Sitaram Textiles Ltd
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 Sitaram Textiles Ltd
Sitaram Textiles is an active public limited state government company based in Thrissur, Kerala, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 14 February 1975 (51+ years old) and is registered under CIN U17115KL1975SGC002670.
Sitaram Textiles reported revenue of ₹11.74 Cr for FY 2019 (up 45% YoY).
Sitaram Textiles has 4 current directors:
- Ganesh Muthiah - Managing Director
- Kalarikandi Thali Jayarajan - Managing Director
- Madhusoodanan Nair Achuthan Pillai - Nominee Director
- Sudhir Krishnadas - Nominee Director
Sitaram Textiles reported a net loss of ₹7.39 Cr (net margin -62.9%) and EBITDA of -₹3.11 Cr (EBITDA margin -26.5%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sitaram Textiles is 4% over three years and -3% over five years. In the latest year (FY 2019) revenue rose 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sitaram Textiles is 32AADCS3127L1ZH, registered in Kerala. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Sitaram Textiles is U17115KL1975SGC002670. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sitaram Textiles has 41 court cases on record: 17 filed by the company and 14 filed against it. 4 are pending. Most are in the high courts.
Sitaram Textiles was incorporated on 14 February 1975, making it 51+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Sitaram Textiles by revenue are Chitrak Garments Private Limited, Golhar Ginning & Oils Private Limited, Sky Tex Industries Private Limited, Sri Janu Textiles Private Limited, Cee Cee Fabrics Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Kalarikandi Thali Jayarajan was appointed as Managing Director on 18 Feb 2020. Abdurahiman Kunnath ceased to be Nominee Director on 14 May 2018. Neelancheri Narayanankutty ceased to be Nominee Director on 14 May 2018. Sitaram Textiles has 37 board changes on record in total.