About Solitaire Machine Tools Limited
Data last updated:
Solitaire Machine Tools Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 24 May 1967 and has been in existence for over 59 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L28932GJ1967PLC143293. Its GSTIN is 24AAACS5206P1Z9 (Gujarat). The company holds 2 GST registrations, of which 1 is active. Its shares are listed on BSE: 522152.
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹4.54 Cr. It is led by directors including Hemandra Jayantilal Badani (Managing Director) and Harsh Hemandra Badani (Managing Director).
Its last annual general meeting (AGM) was held on 28 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vadodara, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹19.07 Cr, a decline of 15.2% compared to the previous year. For the same year it recorded a net profit of ₹1.36 Cr (net margin 7.1%) and EBITDA of ₹2.62 Cr (EBITDA margin 13.7%). The net worth stands at ₹20.11 Cr (up 2.5% YoY). Total assets are valued at ₹24.26 Cr (down 3.8% YoY).
The company has about 79 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Solitaire Machine Tools. As per MCA filings, the company has open charges of ₹13.72 Cr and satisfied charges of ₹22.5 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending. The company has 31 deals on record (31 market trades); the latest was in February 2025. Its 10 peer companies in the Machinery and Equipment industry (Machine Tools) are compared by revenue, 5 larger and 5 smaller; the largest is Rupkala Engineers Private Limited with revenue of ₹24.18 Cr. The company has 13 MSME Form 1 returns on record between 2018 and 2024, listing 142 overdue payments to 47 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smtgrinders.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 24/25 Krishna Industrial Estate, Gorwa, Vadodara, Gujarat, India – 390016
- IndustryMachinery and Equipment, Industrial Machine Tools
- 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 Solitaire Machine Tools Limited
The main business activity of Solitaire Machine Tools 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 Solitaire Machine Tools Limited FY 2025-26 filings available
Solitaire Machine Tools Limited reported revenue of ₹19.07 Cr (down 15.2% YoY) for FY 2025-26.
Financial Highlights
FY 2018-19 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 15.60 | 16.37 | 18.34 | 15.66 | 10.79 | 9.23 |
| Revenue growth | -4.7% | -10.7% | +17.1% | +45.1% | +16.9% | - |
| EBITDA | 2.79 | 3.03 | 3.56 | 2.23 | 1.96 | 1.11 |
| EBITDA margin | +17.9% | +18.5% | +19.4% | +14.2% | +18.2% | +12.0% |
| Profit before tax | 2.00 | 2.44 | 3.22 | 1.63 | 0.93 | 0.55 |
| Net profit | 1.21 | 1.85 | 1.92 | 1.03 | 0.54 | 0.35 |
| Net profit margin | +7.8% | +11.3% | +10.5% | +6.6% | +5.0% | +3.8% |
| EPS (₹) | 2.68 | 4.09 | 4.48 | 2.08 | 1.07 | 0.68 |
| Balance sheet | ||||||
| Total assets | 14.36 | 13.75 | 12.42 | 11.03 | 11.53 | 11.80 |
| Net worth | 14.21 | 13.61 | 12.42 | 10.76 | 10.26 | 10.36 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.08 | 1.08 | 1.26 |
| Cash & bank | 2.04 | 2.95 | 2.98 | 2.28 | 1.69 | 2.41 |
| Net working capital | 6.11 | 6.09 | 5.53 | 3.62 | 4.61 | 3.86 |
| Cash flow | ||||||
| Cash from operations | 1.09 | 1.95 | 1.66 | 3.12 | (0.22) | 1.24 |
| Cash from investing | (1.38) | (1.25) | (0.34) | (1.06) | 0.03 | (0.57) |
| Cash from financing | (0.62) | (0.73) | (0.63) | (1.47) | (0.52) | 0.37 |
| 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 | 19.07 | 22.50 | 20.86 | 18.67 | 13.58 | 17.16 | 12.26 |
| Revenue growth | -15.2% | +7.9% | +11.7% | +37.5% | -20.9% | +40.0% | - |
| EBITDA | 2.62 | 3.11 | 2.67 | 2.49 | 1.63 | 1.60 | 2.00 |
| EBITDA margin | +13.7% | +13.8% | +12.8% | +13.3% | +12.0% | +9.3% | +16.3% |
| Profit before tax | 1.92 | 3.15 | 2.44 | 2.11 | 1.41 | 1.67 | 1.04 |
| Net profit | 1.36 | 2.04 | 1.72 | 1.57 | 0.90 | 1.42 | 0.67 |
| Net profit margin | +7.1% | +9.1% | +8.3% | +8.4% | +6.6% | +8.3% | +5.5% |
| EPS (₹) | 2.96 | 5.16 | 3.97 | 3.51 | 2.32 | 3.12 | 1.45 |
| Balance sheet | |||||||
| Total assets | 24.26 | 25.22 | 20.12 | 17.55 | 16.41 | 16.49 | 15.51 |
| Net worth | 20.11 | 19.61 | 18.04 | 17.02 | 15.91 | 15.27 | 14.22 |
| Total debt | 4.14 | 5.56 | 2.03 | 0.53 | 0.47 | 0.03 | 0.00 |
| Cash & bank | 2.78 | 2.18 | 0.89 | 0.68 | 0.51 | 3.15 | 1.02 |
| Net working capital | 5.43 | 7.22 | 5.49 | 6.79 | 5.95 | 7.91 | 6.91 |
| Cash flow | |||||||
| Cash from operations | 5.11 | 2.23 | 2.56 | 2.40 | (0.71) | 2.37 | 0.99 |
| Cash from investing | (2.08) | (4.69) | (3.25) | (1.62) | 0.39 | (2.39) | (0.53) |
| Cash from financing | (2.37) | 2.71 | 0.78 | (0.59) | 0.02 | (0.34) | (0.62) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.84 | 8.39 | 3.59 | 5.00 | 2.08 | 7.04 | 6.82 | 3.79 |
| Revenue growth (YoY) | +84.6% | +19.2% | -47.4% | +31.9% | -57.2% | - | - | - |
| Other income | 0.13 | 0.04 | 0.05 | 0.00 | 0.11 | 0.33 | 0.06 | 0.17 |
| Total expenses | 3.32 | 7.06 | 3.04 | 4.47 | 2.01 | 6.25 | 5.77 | 3.18 |
| EBITDA | 0.52 | 1.33 | 0.55 | 0.53 | 0.07 | 0.79 | 1.05 | 0.61 |
| EBITDA margin | +13.5% | +15.9% | +15.3% | +10.6% | +3.4% | +11.2% | +15.4% | +16.1% |
| Depreciation | 0.25 | 0.26 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 |
| Interest | 0.08 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.32 | 1.03 | 0.46 | 0.39 | 0.04 | 0.97 | 0.96 | 0.63 |
| Tax | 0.07 | 0.35 | 0.13 | 0.10 | 0.00 | 0.26 | 0.25 | 0.13 |
Financial Statements
| Particulars | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|
| Revenue | 15.60 | 16.37 | 18.34 | 15.66 | 10.79 | 9.23 |
| Revenue growth | -4.7% | -10.7% | +17.1% | +45.1% | +16.9% | - |
| Other income | 0.29 | 0.42 | 0.50 | 0.27 | 0.16 | 0.21 |
| Total expenses | 12.81 | 13.34 | 14.78 | 13.43 | 8.83 | 8.12 |
| Employee cost | 3.09 | 2.83 | 2.43 | 1.91 | 1.75 | 1.59 |
| EBITDA | 2.79 | 3.03 | 3.56 | 2.23 | 1.96 | 1.11 |
| EBITDA margin | +17.9% | +18.5% | +19.4% | +14.2% | +18.2% | +12.0% |
| Depreciation | 1.01 | 0.94 | 0.79 | 0.78 | 1.06 | 0.70 |
| Interest | 0.07 | 0.07 | 0.05 | 0.09 | 0.13 | 0.07 |
| Profit before tax | 2.00 | 2.44 | 3.22 | 1.63 | 0.93 | 0.55 |
| Tax | 0.78 | 0.57 | 1.18 | 0.61 | 0.42 | 0.22 |
| Net profit | 1.21 | 1.85 | 1.92 | 1.03 | 0.54 | 0.35 |
| Net profit margin | +7.8% | +11.3% | +10.5% | +6.6% | +5.0% | +3.8% |
| EPS (₹) | 2.68 | 4.09 | 4.48 | 2.08 | 1.07 | 0.68 |
| Particulars | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 4.54 | 4.54 | 4.54 | 4.41 | 4.41 | 4.41 |
| Reserves & surplus | 9.67 | 9.07 | 7.88 | 6.35 | 5.85 | 5.95 |
| Shareholders' funds (net worth) | 14.21 | 13.61 | 12.42 | 10.76 | 10.26 | 10.36 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.08 | 1.08 | 1.26 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.08 | 1.08 | 1.26 |
| Total liabilities | 14.36 | 13.75 | 12.42 | 11.03 | 11.53 | 11.80 |
| Assets | ||||||
| Gross block | 8.93 | 8.49 | 8.26 | 17.62 | 17.35 | 16.70 |
| Net block | 6.19 | 6.76 | 7.47 | 6.70 | 7.31 | 8.09 |
| Capital work in progress | 0.00 | 0.20 | 0.00 | 1.10 | 0.00 | 0.44 |
| Investments | 2.26 | 1.01 | 0.00 | 0.00 | 0.05 | 0.05 |
| Inventories | 6.39 | 4.96 | 3.65 | 3.39 | 5.77 | 4.02 |
| Sundry debtors | 2.29 | 2.72 | 3.12 | 2.04 | 1.51 | 1.20 |
| Cash & bank balances | 2.04 | 2.95 | 2.98 | 2.28 | 1.69 | 2.41 |
| Loans & advances | 0.41 | 0.30 | 0.34 | 0.38 | 0.36 | 0.42 |
| Total current assets | 11.13 | 10.93 | 10.09 | 8.09 | 9.33 | 8.05 |
| Total current liabilities | 5.02 | 4.84 | 4.56 | 4.47 | 4.72 | 4.19 |
| Net working capital | 6.11 | 6.09 | 5.53 | 3.62 | 4.61 | 3.86 |
| Total assets | 14.36 | 13.75 | 12.42 | 11.03 | 11.53 | 11.80 |
| Particulars | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|
| Opening cash | 2.95 | 2.98 | 2.28 | 1.69 | 2.41 | 1.37 |
| Net cash from operating activities | 1.09 | 1.95 | 1.66 | 3.12 | (0.22) | 1.24 |
| Net cash from investing activities | (1.38) | (1.25) | (0.34) | (1.06) | 0.03 | (0.57) |
| Net cash from financing activities | (0.62) | (0.73) | (0.63) | (1.47) | (0.52) | 0.37 |
| Net change in cash | (0.91) | (0.03) | 0.69 | 0.59 | (0.71) | 1.04 |
| Closing cash | 2.04 | 2.95 | 2.98 | 2.28 | 1.69 | 2.41 |
| Particulars | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | -4.7% | -10.7% | +17.1% | +45.1% | +16.9% | - |
| EBITDA growth | -7.9% | -14.9% | +59.6% | +13.8% | +76.6% | - |
| PBT growth | -18.0% | -24.2% | +97.6% | +75.3% | +69.1% | +9997.0% |
| Net income growth | -34.6% | -3.7% | +86.4% | +90.7% | +54.3% | - |
| Revenue CAGR (3Y) | -0.1% | +14.9% | +25.7% | - | - | - |
| EBITDA CAGR (3Y) | +7.8% | +15.6% | +47.5% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +7.8% | +11.4% | +11.1% | +6.5% | +4.7% | +3.6% |
| Return on capital employed | +14.7% | +19.1% | +27.9% | +15.2% | +9.3% | +5.3% |
| Return on net worth | +8.8% | +14.3% | +17.6% | +9.6% | +5.2% | +3.3% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.06 | 0.11 | 0.12 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 3.93 | 3.35 | 1.81 | 6.21 | 14.44 | 17.07 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 1.79 | 1.97 | 1.50 | 0.96 | 0.67 | 0.59 |
| Inventory turnover | 2.75 | 3.84 | 5.53 | 3.66 | 2.33 | 2.44 |
| Debtors turnover | 6.23 | 5.66 | 7.55 | 9.44 | 8.41 | 8.18 |
| EPS (₹) | 2.68 | 4.09 | 4.48 | 2.08 | 1.07 | 0.68 |
| Dividend per share (₹) | 1.10 | 1.10 | 1.25 | 1.00 | 0.75 | 0.50 |
| Book value per share (₹) | 31.29 | 29.97 | 27.35 | 24.41 | 23.26 | 23.49 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.84 | 8.39 | 3.59 | 5.00 | 2.08 | 7.04 | 6.82 | 3.79 |
| Revenue growth (YoY) | +84.6% | +19.2% | -47.4% | +31.9% | -57.2% | - | - | - |
| Other income | 0.13 | 0.04 | 0.05 | 0.00 | 0.11 | 0.33 | 0.06 | 0.17 |
| Total expenses | 3.32 | 7.06 | 3.04 | 4.47 | 2.01 | 6.25 | 5.77 | 3.18 |
| EBITDA | 0.52 | 1.33 | 0.55 | 0.53 | 0.07 | 0.79 | 1.05 | 0.61 |
| EBITDA margin | +13.5% | +15.9% | +15.3% | +10.6% | +3.4% | +11.2% | +15.4% | +16.1% |
| Depreciation | 0.25 | 0.26 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 |
| Interest | 0.08 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.32 | 1.03 | 0.46 | 0.39 | 0.04 | 0.97 | 0.96 | 0.63 |
| Tax | 0.07 | 0.35 | 0.13 | 0.10 | 0.00 | 0.26 | 0.25 | 0.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 19.07 | 22.50 | 20.86 | 18.67 | 13.58 | 17.16 | 12.26 |
| Revenue growth | -15.2% | +7.9% | +11.7% | +37.5% | -20.9% | +40.0% | - |
| Other income | 0.09 | 0.66 | 0.43 | 0.33 | 0.49 | 0.86 | 0.33 |
| Total expenses | 16.45 | 19.39 | 18.19 | 16.18 | 11.95 | 15.56 | 10.26 |
| Employee cost | 4.22 | 4.31 | 3.96 | 3.80 | 3.23 | 2.92 | 3.00 |
| EBITDA | 2.62 | 3.11 | 2.67 | 2.49 | 1.63 | 1.60 | 2.00 |
| EBITDA margin | +13.7% | +13.8% | +12.8% | +13.3% | +12.0% | +9.3% | +16.3% |
| Depreciation | 0.69 | 0.59 | 0.56 | 0.56 | 0.57 | 0.65 | 1.19 |
| Interest | 0.10 | 0.03 | 0.10 | 0.15 | 0.14 | 0.14 | 0.10 |
| Profit before tax | 1.92 | 3.15 | 2.44 | 2.11 | 1.41 | 1.67 | 1.04 |
| Tax | 0.58 | 0.79 | 0.66 | 0.51 | 0.35 | 0.25 | 0.37 |
| Net profit | 1.36 | 2.04 | 1.72 | 1.57 | 0.90 | 1.42 | 0.67 |
| Net profit margin | +7.1% | +9.1% | +8.3% | +8.4% | +6.6% | +8.3% | +5.5% |
| EPS (₹) | 2.96 | 5.16 | 3.97 | 3.51 | 2.32 | 3.12 | 1.45 |
| 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 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 |
| Reserves & surplus | 15.57 | 15.07 | 13.50 | 12.48 | 11.37 | 10.73 | 9.68 |
| Shareholders' funds (net worth) | 20.11 | 19.61 | 18.04 | 17.02 | 15.91 | 15.27 | 14.22 |
| Secured loans | 4.14 | 5.56 | 2.03 | 0.53 | 0.47 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 |
| Total debt | 4.14 | 5.56 | 2.03 | 0.53 | 0.47 | 0.03 | 0.00 |
| Total liabilities | 24.26 | 25.22 | 20.12 | 17.55 | 16.41 | 16.49 | 15.51 |
| Assets | |||||||
| Gross block | 23.59 | 11.81 | 11.61 | 10.94 | 10.85 | 10.58 | 10.50 |
| Net block | 17.30 | 6.21 | 6.48 | 6.24 | 6.41 | 6.71 | 6.50 |
| Capital work in progress | 0.00 | 10.35 | 5.72 | 1.72 | 0.04 | 0.00 | 0.00 |
| Investments | 1.84 | 1.10 | 0.78 | 0.59 | 1.30 | 2.18 | 2.26 |
| Inventories | 5.43 | 4.31 | 5.48 | 5.52 | 6.66 | 4.81 | 9.48 |
| Sundry debtors | 1.08 | 4.15 | 6.00 | 4.00 | 1.61 | 3.02 | 0.56 |
| Cash & bank balances | 2.78 | 2.18 | 0.89 | 0.68 | 0.51 | 3.15 | 1.02 |
| Loans & advances | 0.27 | 0.18 | 0.32 | 0.27 | 0.38 | 0.25 | 0.44 |
| Total current assets | 9.56 | 10.82 | 12.69 | 10.47 | 9.16 | 11.23 | 11.50 |
| Total current liabilities | 4.13 | 3.60 | 7.20 | 3.68 | 3.21 | 3.32 | 4.59 |
| Net working capital | 5.43 | 7.22 | 5.49 | 6.79 | 5.95 | 7.91 | 6.91 |
| Total assets | 24.26 | 25.22 | 20.12 | 17.55 | 16.41 | 16.49 | 15.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.66 | 0.41 | 0.34 | 0.15 | 0.45 | 0.80 | 0.97 |
| Net cash from operating activities | 5.11 | 2.23 | 2.56 | 2.40 | (0.71) | 2.37 | 0.99 |
| Net cash from investing activities | (2.08) | (4.69) | (3.25) | (1.62) | 0.39 | (2.39) | (0.53) |
| Net cash from financing activities | (2.37) | 2.71 | 0.78 | (0.59) | 0.02 | (0.34) | (0.62) |
| Net change in cash | 0.66 | 0.24 | 0.08 | 0.19 | (0.30) | (0.36) | (0.16) |
| Closing cash | 2.78 | 2.18 | 0.89 | 0.68 | 0.51 | 3.15 | 1.02 |
| 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 | -15.2% | +7.9% | +11.7% | +37.5% | -20.9% | +40.0% | - |
| EBITDA growth | -15.8% | +16.5% | +7.2% | +52.8% | +1.9% | -20.0% | - |
| PBT growth | -39.1% | +29.1% | +15.6% | +49.7% | -15.6% | +60.6% | -50.2% |
| Net income growth | -33.3% | +18.6% | +9.6% | +74.4% | -36.6% | +111.9% | - |
| Revenue CAGR (3Y) | +0.7% | +18.3% | +6.7% | +15.1% | -4.5% | +1.6% | -12.6% |
| EBITDA CAGR (3Y) | +1.7% | +24.0% | +18.6% | +7.6% | -17.0% | -19.4% | -17.6% |
| Profitability & leverage | |||||||
| Net income margin | +7.0% | +10.5% | +8.5% | +8.6% | +7.8% | +8.3% | +5.5% |
| Return on capital employed | +8.2% | +12.1% | +13.5% | +13.3% | +8.2% | +11.3% | +7.6% |
| Return on net worth | +6.8% | +10.8% | +10.3% | +9.7% | +5.8% | +9.6% | +4.6% |
| Debt / equity | 0.24 | 0.20 | 0.07 | 0.03 | 0.02 | 0.00 | 0.00 |
| Long-term debt / equity | 0.17 | 0.15 | 0.05 | 0.01 | 0.02 | 0.00 | 0.00 |
| Interest cover | 5.18 | 1.19 | 4.74 | 7.77 | 13.21 | 14.74 | 12.35 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.08 | 1.92 | 1.85 | 1.71 | 1.27 | 1.63 | 1.29 |
| Inventory turnover | 3.92 | 4.60 | 3.79 | 3.07 | 2.37 | 2.40 | 1.55 |
| Debtors turnover | 7.29 | 4.43 | 4.17 | 6.66 | 5.87 | 9.59 | 8.60 |
| EPS (₹) | 2.96 | 5.16 | 3.97 | 3.51 | 2.32 | 3.12 | 1.45 |
| Dividend per share (₹) | 1.50 | 2.00 | 1.75 | 1.50 | 1.20 | 1.00 | 0.75 |
| Book value per share (₹) | 44.27 | 43.18 | 39.73 | 37.47 | 35.03 | 33.63 | 31.32 |
Peer Comparison of Solitaire Machine Tools Limited
Solitaire Machine Tools Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Machine Tools). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rupkala Engineers Private Limited | ₹24.18 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Rajkot, Gujarat, India |
| Shobha Industries Private Limited | ₹24.07 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | New Delhi, Delhi, India |
| Vedant Tools Private Limited | ₹23.83 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Kagal, Maharashtra, India |
| Steam Turbine Engineering (India) Private Limited | ₹23.3 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Savli, Gujarat, India |
| Anca Machine Tools Private Limited | ₹23.2 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Fabionix (India) Private Limited | ₹23.11 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Bidadi, Karnataka, India |
| Zoller India Private Limited | ₹22.63 Cr (FY 2024) | •••• | •••• | 43.0% | •••• | Pune, Maharashtra, India |
| Super Hobs and Broaches Private Limited | ₹22.35 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Punjab, India |
| Starrag India Private Limited | ₹22.32 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Khurana Carbides Private Limited | ₹22.26 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Thane, Maharashtra, India |
| Solitaire Machine Tools Limited this company | ₹19.07 Cr (FY 2026) | •••• | •••• | -15.2% | •••• | Vadodara, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Solitaire Machine Tools by revenue in the Machinery and Equipment industry (Machine Tools), 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 Solitaire Machine Tools Limited
Solitaire Machine Tools Limited is audited by K C MEHTA & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K C MEHTA & 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 Solitaire Machine Tools Limited
Solitaire Machine Tools has 7 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shilpa Manmohan Taneja | Director | 10 Sep 1987 | 39 Years 1 Months | Current |
| Hemandra Jayantilal Badani Also directs: Metal Perforation Pvt Ltd | Managing Director | 31 Jan 2015 | 11 Years 8 Months | Current |
| Nishita Gulabsingh Rajput | Director | 20 Apr 2019 | 7 Years 5 Months | Current |
| Bharat Vadilal Shah | Director | 20 Apr 2019 | 7 Years 5 Months | Current |
| Kesha Nimit Tanna | Director | 18 May 2019 | 7 Years 4 Months | Current |
| Harsh Hemandra Badani | Managing Director | 31 Jan 2015 | 11 Years 8 Months | Current |
Shareholding Pattern of Solitaire Machine Tools Limited
Shareholding for the quarter ended Mar 2026: promoters hold 45.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 54.70%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 45.30% | 45.30% | 45.30% | 45.30% |
| Public | 54.70% | 54.70% | 54.70% | 54.70% |
Charges & Borrowings of Solitaire Machine Tools Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Feb 2024 | Others | ₹10.5 Cr | Open |
| 24 Feb 2005 | Uti Bank | ₹1.61 Cr | Open |
| 25 Aug 2004 | Uti Bank | ₹1.61 Cr | Open |
| 20 Jul 2017 | Yes Bank Limited | ₹9.97 Cr | Satisfied |
| 27 Jun 2017 | Yes Bank Limited | ₹9.97 Cr | Satisfied |
Total charge records: 6 View all charges
Deals & Funding of Solitaire Machine Tools Limited
Solitaire Machine Tools Limited has 31 deals on record (31 market trades); the latest was in February 2025.
Deals on record (5 of 31)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Market trade | ₹31.7 Lakh | Buyer: an individual |
| Jan 2025 | Market trade | ₹45.5 Lakh | Buyer: Nitin J Ashar Huf Seller: an individual |
| Dec 2023 | Market trade | ₹23.4 Lakh | Buyer: an individual Seller: an individual |
| Apr 2022 | Market trade | ₹23.2 Lakh | Buyer: Neil Information Technology Private Limited Seller: Neil Information Technology Private Limited , an individual |
| Dec 2021 | Market trade | ₹27.1 Lakh | Buyer: Alpha Leon Enterprises LLP Seller: an individual |
Full deal history
All 31 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Solitaire Machine Tools Limited
Solitaire Machine Tools Limited has 5 court cases on record: 3 filed by Solitaire Machine Tools, 2 filed against it. 1 case is pending and 4 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (REFER-D-LC) | Filed against the company by an individual | Pending |
| District court, Vadodara, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against an individual | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against an individual | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Disposed |
Full case history
All 5 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.
MSME Payment Delays by Solitaire Machine Tools Limited
Solitaire Machine Tools Limited has 13 MSME Form 1 returns on record between 2018 and 2024, listing 142 overdue payments to 47 micro and small suppliers. 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 (5 of 47)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Power Drives (Gujrat) Pvt Ltd | •••• | •••• | •••• |
| SBS Precision Systems (India) Pvt Ltd | •••• | •••• | •••• |
| Fluidlogic Systems Pvt Ltd | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 13 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
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.
Associated Brands with Solitaire Machine Tools Limited
Solitaire Machine Tools operates one associated brand: Solitaire Machine Tools. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Precision centerless grinders are manufactured for industrial applications. | smtgrinders.com |
Employees and EPFO Compliance at Solitaire Machine Tools Limited
Solitaire Machine Tools Limited has a workforce of 79 employees as of Apr 01, 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 Solitaire Machine Tools Limited
Solitaire Machine Tools has one previous CIN (Corporate Identification Number): L28932MH1967PLC013747. The current CIN is L28932GJ1967PLC143293, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28932GJ1967PLC143293 | Current |
| L28932MH1967PLC013747 | Previous |
News related to Solitaire Machine Tools Limited
Recent Activity on Solitaire Machine Tools Limited
Solitaire Machine Tools Limited has 19 board changes on record since 1987: 13 appointments and 6 cessations. The latest: Nilam Madhubhai Patel ceased to be Director on 11 Feb 2021.
24 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Solitaire Machine Tools 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.
Subsidiaries & Group Companies of Solitaire Machine Tools 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 Solitaire Machine Tools Limited
Solitaire Machine Tools has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACS5206P1Z9 | Gujarat | 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 Solitaire Machine Tools 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 Solitaire Machine Tools Limited
Solitaire Machine Tools is an active public limited company based in Vadodara, Gujarat, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 24 May 1967 (59+ years old) and is registered under CIN L28932GJ1967PLC143293. Listed on BSE: 522152.
Solitaire Machine Tools reported revenue of ₹19.07 Cr for FY 2025-26 (down 15.2% YoY) based on standalone financials.
Solitaire Machine Tools has 7 current directors:
- Hemandra Jayantilal Badani - Managing Director
- Harsh Hemandra Badani - Managing Director
- Shilpa Manmohan Taneja - Director
- Nishita Gulabsingh Rajput - Director
- Bharat Vadilal Shah - Director
- Kesha Nimit Tanna - Director
- Ashok Jivarajbhai Sheth - Director
The GSTIN of Solitaire Machine Tools is 24AAACS5206P1Z9, registered in Gujarat. 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 Solitaire Machine Tools is L28932GJ1967PLC143293. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Solitaire Machine Tools is listed on BSE with code 522152.
Solitaire Machine Tools has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Solitaire Machine Tools was incorporated on 24 May 1967, making it 59+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Solitaire Machine Tools has 31 deals on record (31 market trades); the latest was in February 2025.
The peers of Solitaire Machine Tools by revenue are Rupkala Engineers Private Limited, Shobha Industries Private Limited, Vedant Tools Private Limited, Steam Turbine Engineering (India) Private Limited, Anca Machine Tools Private Limited and 5 more, all in the Machinery and Equipment industry (Machine Tools).
Nilam Madhubhai Patel ceased to be Director on 11 Feb 2021. Kesha Nimit Tanna was appointed as Director on 18 May 2019. Bharat Vadilal Shah was appointed as Director on 20 Apr 2019. Solitaire Machine Tools has 19 board changes on record in total.
Solitaire Machine Tools has 13 MSME Form 1 returns on record between 2018 and 2024, listing 142 overdue payments to 47 micro and small suppliers. The latest return was filed on 09 Apr 2024.