About Starcore Refrigeration Limited
Data last updated:
Starcore Refrigeration Limited is a public limited company based in New Delhi, Delhi, India. It operates in the cold storage and warehousing services segment of the transport and logistics sector. It was incorporated on 02 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2012PLC233898. Its GSTIN is 08AARCS2894Q1Z4 (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹43.72 Lakh. It is led by directors including Kartik Nagarajan (Whole-Time Director) and Vinay Kumar Agarwal.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B1/H3 Mohan Co – Operative Industrial Area Mathura Road Block – B, New Delhi, Delhi, India – 110044.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.4 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹2.62 Cr (net margin 11.7%) and EBITDA of ₹3.87 Cr (EBITDA margin 17.3%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years and 7% over five years.
The company has about 25 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Starcore Refrigeration. As per MCA filings, the company has open charges of ₹20 Lakh on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website starcore.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB1/H3 Mohan Co – Operative Industrial Area Mathura Road Block – B, New Delhi, Delhi, India – 110044
- IndustryTransport and Logistics, Cold Storage & Warehousing Services
- 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 Starcore Refrigeration Limited
The main business activity of Starcore Refrigeration is transport and storage. In detail, this covers warehousing and storage.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage | 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 Starcore Refrigeration Limited FY 2025 filings available
Starcore Refrigeration Limited reported revenue of ₹22.4 Cr (up 37% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Starcore Refrigeration Limited
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 37% growth in the latest year. EBITDA rose 100% 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 Starcore Refrigeration Limited
| 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 | ₹3.87 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.62 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 Starcore Refrigeration Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.7% | •••• | •••• | •••• | •••• |
| 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 Starcore Refrigeration 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 Starcore Refrigeration Limited
Starcore Refrigeration Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Instant Foods). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Artcraft Multitrade Private Limited | ₹22.94 Cr (FY 2024) | •••• | •••• | 57.0% | •••• | Thane, Maharashtra, India |
| K-Pra Foods Private Limited | ₹22.92 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Pune, Maharashtra, India |
| Rapuria Agro Foods Private Limited | ₹22.78 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Agra, Uttar Pradesh, India |
| Heylands Exports Private Limited | ₹22.41 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Chennai, Tamil Nadu, India |
| Queenbee Foods Private Limited | ₹22.4 Cr (FY 2025) | •••• | •••• | 362.0% | •••• | New Delhi, Delhi, India |
| Starcore Refrigeration Limited this company | ₹22.4 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | New Delhi, Delhi, India |
| Chandrashanti Agro Industries Private Limited | ₹22.29 Cr (FY 2025) | •••• | •••• | •••• | Motihari, Bihar, India | |
| Harshad Mango Products Private Limited | ₹22.27 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Surat, Gujarat, India |
| Geet Impex Private Limited | ₹22.26 Cr (FY 2025) | •••• | •••• | 137.0% | •••• | Vadodara, Gujarat, India |
| PFL Food Private Limited | ₹22.25 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Thane, Maharashtra, India |
| Fruit Formulations Private Limited | ₹22.24 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Starcore Refrigeration by revenue in the Food and Beverages industry (Instant Foods), 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 Starcore Refrigeration Limited
Starcore Refrigeration Limited is audited by KARNA MANOJ & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KARNA MANOJ & CO. | 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 Starcore Refrigeration Limited
Starcore Refrigeration has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kartik Nagarajan Also directs: D J Core Storage Solutions Private Limited | Whole-Time Director | 02 Apr 2012 | 14 Years 6 Months | Current |
| Vinay Kumar Agarwal | Director | 15 Dec 2016 | 9 Years 9 Months | Current |
| Ramachandran Padmavathi Also directs: D J Core Storage Solutions Private Limited | Director | 15 Jan 2022 | 4 Years 8 Months | Current |
Ownership and Shareholding of Starcore Refrigeration 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 Starcore Refrigeration Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Nov 2023 | Others | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Starcore Refrigeration Limited
Starcore Refrigeration Limited has 1 court case on record: 1 filed against it. All case is pending. Status as checked on 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State Government | Pending |
Full case history
All 1 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 Starcore Refrigeration Limited
Starcore Refrigeration Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 107 overdue payments to 48 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 48)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Uni-Impex Steels Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| 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 Starcore Refrigeration Limited
Starcore Refrigeration operates one associated brand: Starcore Refrigeration. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Frozen food processing and refrigeration equipment services in India. | starcore.co.in |
Employees and EPFO Compliance at Starcore Refrigeration Limited
Starcore Refrigeration Limited has a workforce of 25 employees as of Apr 07, 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.
Group Structure of Starcore Refrigeration Limited
Starcore Refrigeration has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| D J Core Storage Solutions Private Limited | U74999DL2010PTC211491 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Starcore Refrigeration Limited
Starcore Refrigeration Limited has 9 board changes on record since 2012: 3 appointments and 6 cessations. The latest: Ramachandran Padmavathi ceased to be Additional Director on 30 Sep 2022.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Starcore Refrigeration 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 Starcore Refrigeration 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 Starcore Refrigeration Limited
Starcore Refrigeration has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AARCS2894Q1Z4 | Rajasthan | 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 Starcore Refrigeration 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 Starcore Refrigeration Limited
Starcore Refrigeration is an active public limited company based in New Delhi, Delhi, India. The company works in cold storage and warehousing services, within the transport and logistics industry. It was incorporated on 02 April 2012 (14+ years old) and is registered under CIN U74999DL2012PLC233898.
Starcore Refrigeration reported revenue of ₹22.4 Cr for FY 2025 (up 37% YoY).
Starcore Refrigeration has 3 current directors:
- Kartik Nagarajan - Whole-Time Director
- Vinay Kumar Agarwal - Director
- Ramachandran Padmavathi - Director
Starcore Refrigeration reported a net profit of ₹2.62 Cr (net margin 11.7%) and EBITDA of ₹3.87 Cr (EBITDA margin 17.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Starcore Refrigeration is 51% over three years and 7% over five years. In the latest year (FY 2025) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Starcore Refrigeration is 08AARCS2894Q1Z4, registered in Rajasthan. 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 Starcore Refrigeration is U74999DL2012PLC233898. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Starcore Refrigeration has 1 court case on record: 1 filed against it. 1 is pending.
Starcore Refrigeration was incorporated on 02 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Starcore Refrigeration by revenue are Artcraft Multitrade Private Limited, K-Pra Foods Private Limited, Rapuria Agro Foods Private Limited, Heylands Exports Private Limited, Queenbee Foods Private Limited and 5 more, all in the Food and Beverages industry (Instant Foods).
Ramachandran Padmavathi ceased to be Additional Director on 30 Sep 2022. G Senthil Kumaran ceased to be Whole-Time Director on 15 Jan 2022. Hemant Kumar Behera ceased to be Managing Director on 15 Jan 2022. Starcore Refrigeration has 9 board changes on record in total.
Starcore Refrigeration has 13 MSME Form 1 returns on record between 2019 and 2024, listing 107 overdue payments to 48 micro and small suppliers. The latest return was filed on 24 Apr 2024.