MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-32-0001567
Spice Ceramic Private Limited - manufacturing in Pipli, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹68.89 Lakh
▼ 52% YoY
Net profit · FY 2025
₹38.19 Lakh
Net margin 55.4%
EBITDA · FY 2025
₹51.1 Lakh
EBITDA margin 74.2%
Authorised capital
₹1.7 Cr
Registered with MCA
Paid-up capital
₹1.6 Cr
Issued & subscribed
Satisfied charges
₹20.95 Cr
No open charges
Company age
18 yrs
Est. 2008
Employees · EPFO
6
Provident fund records
About Spice Ceramic Private Limited
Data last updated:
Spice Ceramic Private Limited is a private limited company based in Pipli, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 17 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26914GJ2008PTC054227. Its GSTIN is 24AAMCS0506J1ZG (Gujarat).
The company has an authorised share capital of ₹1.7 Cr and a paid-up capital of ₹1.6 Cr. It is led by directors including Jignesh Shankarbhai Patel and Bipinbhai Ganeshbhai Patel.
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 Survey No. 175/2 – P – 2 & 175/2 – P – 3 Tal. Morbi Jetpar Road, Pipli, Gujarat, India – 363642.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.89 Lakh, a decline of 52% compared to the previous year. For the same year it recorded a net profit of ₹38.19 Lakh (net margin 55.4%) and EBITDA of ₹51.1 Lakh (EBITDA margin 74.2%). Revenue has declined at a compounded annual rate (CAGR) of 67% over three years and 49% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹20.95 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.55 Cr; the latest was in April 2020.
Spice Ceramic Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0001567). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spiceceramic.com.
Company details
CIN U26914GJ2008PTC054227
Registration Number 054227
Incorporation Date 17 June 2008
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-32-0001567
Key People
Jignesh Shankarbhai Patel Director Bipinbhai Ganeshbhai Patel Director Rameshbhai Ganeshbhai Patel Director Recognitions & Rankings of Spice Ceramic
Contact details
Spice Ceramic Private Limited's registered office is in Pipli, Gujarat. Its website is spiceceramic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 175/2 – P – 2 & 175/2 – P – 3 Tal. Morbi Jetpar Road, Pipli, Gujarat, India – 363642
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Spice Ceramic Private Limited, buy the company report.
Comprehensive company report
Spice Ceramic Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Spice Ceramic is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Spice Ceramic Private Limited, buy the company report.
Financials of Spice Ceramic Private Limited
FY 2025 filings availableSpice Ceramic Private Limited reported revenue of ₹68.89 Lakh (down 52% YoY) for FY 2025.
Revenue · FY 2025
₹68.89 Lakh ▼ 52%
Net profit · FY 2025
₹38.19 Lakh margin 55.4%
EBITDA · FY 2025
₹51.1 Lakh margin 74.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 52%
3 years · compounded
▼ 67%
5 years · compounded
▼ 49%
EBITDA CAGR growth
1 year
▼ 33%
3 years · compounded
▼ 20%
5 years · compounded
▼ 20%
Revenue has declined at a compounded annual rate (CAGR) of 49% over five years, including a 52% fall in the latest year. EBITDA fell 33% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹51.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹38.19 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 74.2% | ||||
| Net Profit Margin | 55.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Spice Ceramic Private Limited, buy the company report.
Board of directors of Spice Ceramic Private Limited
Spice Ceramic has 6 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jignesh Shankarbhai Patel Also directs: Liora Polyfab LLP, Skajen Vitrified Private Limited | Director | 31 Jan 2009 | 17 Years 8 Months | Current |
| Bipinbhai Ganeshbhai Patel | Director | 31 Jan 2009 | 17 Years 8 Months | Current |
| Rameshbhai Ganeshbhai Patel | Director | 31 Jan 2009 | 17 Years 8 Months | Current |
| Patel Jayesh Shankarbhai Also directs: Liora Polyfab LLP | Director | 17 Jun 2008 | 18 Years 4 Months | Current |
| Shankarbhai Narayanbhai Patel | Director | 17 Jun 2008 | 18 Years 4 Months | Current |
| Jitendrakumar Shankarlal Patel Also directs: Liora Polyfab LLP | Director | 17 Jun 2008 | 18 Years 4 Months | Current |
Shareholding
The shareholding of Spice Ceramic Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Spice Ceramic Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹20.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Dec 2019 | 100311325 | Hdfc Bank Limited | ₹5.41 Cr | Satisfied | |
| 16 Nov 2019 | 100301984 | Hdfc Bank Limited | ₹5.41 Cr | Satisfied | |
| 27 Jun 2017 | 100105855 | Others | ₹1.2 Cr | Satisfied | |
| 12 Nov 2009 | 10188642 | Others | ₹4.89 Cr | Satisfied | |
| 11 Jun 2009 | 10164090 | Small Industries Development Bank of India | ₹4.05 Cr | Satisfied |
To see the full charge records of Spice Ceramic Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Spice Ceramic Private Limited has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.55 Cr; the latest was in April 2020.
Total deals
9
Secondary share transfers
7
Funding rounds
2
Disclosed funding
₹1.55 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
To see the full deal history of Spice Ceramic Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spice Ceramic Private Limited has 2 court cases on record: 1 filed by Spice Ceramic, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Disposed |
| District court, Buldhana, Maharashtra | Civil suit | Filed against the company by The State of Maharashtra | Disposed |
To see the full case history of Spice Ceramic Private Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Spice Ceramic Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spice Ceramic has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMCS0506J1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spice Ceramic Private Limited, buy the company report.
Recent activity
Spice Ceramic Private Limited has 6 board changes on record since 2008: 6 appointments. The latest: Bipinbhai Ganeshbhai Patel was appointed as Director on 31 Jan 2009.
AGM
Spice Ceramic Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spice Ceramic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 17 Dec 2019 via Charge ID 100311325 with Hdfc Bank Limited was fully satisfied on 11 Jul 2023.
Charges
A charge registered on 16 Nov 2019 via Charge ID 100301984 with Hdfc Bank Limited was fully satisfied on 11 Jul 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 5.41 Cr registered on 17 Dec 2019 with Charge ID 100311325 was modified on 18 Sep 2020.
Charges
A charge with Hdfc Bank Limited of Rs. 5.41 Cr registered on 16 Nov 2019 with Charge ID 100301984 was modified on 01 Sep 2020.
Charges
A charge registered on 27 Jun 2017 via Charge ID 100105855 with Others was fully satisfied on 01 Jan 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.41 Cr with Charge ID 100311325 was registered on 17 Dec 2019.
Charges
A charge registered on 12 Nov 2009 via Charge ID 10188642 with Others was fully satisfied on 03 Dec 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.41 Cr with Charge ID 100301984 was registered on 16 Nov 2019.
Charges
A charge registered on 11 Jun 2009 via Charge ID 10164090 with Small Industries Development Bank Of India was fully satisfied on 03 Sep 2019.
Charges
A charge with Others of Rs. 4.89 Cr registered on 12 Nov 2009 with Charge ID 10188642 was modified on 06 Jan 2018.
11 earlier events are in the company report.
Frequently asked questions
Spice Ceramic is an active private limited company based in Pipli, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 17 June 2008 (18+ years old) and is registered under CIN U26914GJ2008PTC054227.
Spice Ceramic has 6 current directors:
- Jignesh Shankarbhai Patel - Director
- Bipinbhai Ganeshbhai Patel - Director
- Rameshbhai Ganeshbhai Patel - Director
- Patel Jayesh Shankarbhai - Director
- Shankarbhai Narayanbhai Patel - Director
- Jitendrakumar Shankarlal Patel - Director
The latest financial statements of Spice Ceramic on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spice Ceramic is 24AAMCS0506J1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Spice Ceramic is U26914GJ2008PTC054227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spice Ceramic has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Spice Ceramic was incorporated on 17 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Spice Ceramic has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.55 Cr; the latest was in April 2020.
Bipinbhai Ganeshbhai Patel was appointed as Director on 31 Jan 2009. Jignesh Shankarbhai Patel was appointed as Director on 31 Jan 2009. Rameshbhai Ganeshbhai Patel was appointed as Director on 31 Jan 2009. Spice Ceramic has 6 board changes on record in total.
Yes, Spice Ceramic is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-32-0001567).