Stellar Chemical Laboratories Private Limited

Stellar Chemical Laboratories Private Limited - pharma in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U72200MH1987PTC045102 Incorporated 27 October 1987 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company pharma MSME
Data last updated
Revenue · FY 2024
₹10.1 Cr
▼ 48% YoY
Net loss · FY 2024
₹2.24 Cr
Net margin -22.1%
EBITDA · FY 2024
-₹1.84 Cr
EBITDA margin -18.2%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹90 Lakh
Issued & subscribed
Open charges
₹4.25 Cr
Satisfied ₹8.56 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
45
Provident fund records

About Stellar Chemical Laboratories Private Limited

Data last updated:

Stellar Chemical Laboratories Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 27 October 1987 and has been in existence for over 39 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH1987PTC045102. Its GSTIN is 27AACCS0823J1ZG (Maharashtra). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹90 Lakh. It was formerly known as Spiral Software Systems Private Limited. It is led by directors including Gaurav Mahendranath Khandelwal and Bhalchandra Shreepad Kulkarni.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 501 Arun Chambertardeo Road, Mumbai, Maharashtra, India – 400034.

As per the financials filed for FY 2024, the company reported a revenue of ₹10.1 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹2.24 Cr (net margin -22.1%) and EBITDA of -₹1.84 Cr (EBITDA margin -18.2%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 13% over five years.

The company has about 45 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹4.25 Cr and satisfied charges of ₹8.56 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.

Stellar Chemical Laboratories Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0012640). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website stellarchemicals.com.

Company details

CIN U72200MH1987PTC045102
Registration Number 045102
Incorporation Date 27 October 1987
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0012640
Key People
Gaurav Mahendranath Khandelwal Director Bhalchandra Shreepad Kulkarni Director Mahendranath Shreenath Khandelwal Director

Recognitions & Rankings of Stellar Chemical Laboratories

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-MH-19-0012640

Contact details

Stellar Chemical Laboratories Private Limited's registered office is in Mumbai, Maharashtra. Its website is stellarchemicals.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    stellarchemicals.com
  • Registered Address
    501 Arun Chambertardeo Road, Mumbai, Maharashtra, India – 400034
  • Industry
    Pharma, API Manufacturers

To see the full contact details of Stellar Chemical Laboratories Private Limited, buy the company report.

Comprehensive company report
Stellar Chemical Laboratories 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
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Business activity

The main business activity of Stellar Chemical Laboratories is manufacturing. In detail, this covers manufacture of chemicals and chemical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing20Manufacture of chemicals and chemical products

To see the full business activity and turnover split of Stellar Chemical Laboratories Private Limited, buy the company report.

Financials of Stellar Chemical Laboratories Private Limited

FY 2024 filings available

Stellar Chemical Laboratories Private Limited reported revenue of ₹10.1 Cr (down 48% YoY) for FY 2024.

Revenue · FY 2024
₹10.1 Cr ▼ 48%
Net loss · FY 2024
₹2.24 Cr margin -22.1%
EBITDA · FY 2024
-₹1.84 Cr margin -18.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 48%
3 years · compounded
▼ 17%
5 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▼ 87%
3 years · compounded
▼ 61%
5 years · compounded
▼ 58%

Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 48% fall in the latest year. EBITDA fell 87% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-₹1.84 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹2.24 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-18.2%
Net Profit Margin-22.1%
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 Stellar Chemical Laboratories Private Limited, buy the company report.

Board of directors of Stellar Chemical Laboratories Private Limited

Stellar Chemical Laboratories has 3 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Gaurav Mahendranath Khandelwal
Also directs: Lumis Biotech Private Limited, S R Khandelwal and Sons Private Limited, Ram Shree Holding Company Private Limited and 1 more
Director06 Feb 200323 Years 9 MonthsCurrent
Bhalchandra Shreepad KulkarniDirector15 May 200026 Years 5 MonthsCurrent
Mahendranath Shreenath Khandelwal
Also directs: Lumis Biotech Private Limited, S R Khandelwal and Sons Private Limited, Ram Shree Holding Company Private Limited and 1 more
Director14 Apr 199333 Years 6 MonthsCurrent
View all directors

Auditor

Stellar Chemical Laboratories Private Limited is audited by WARDE & SHAH CHARTERED ACCOUNTANTS for the financial year 2023.

Auditor firmFinancial yearFirm registration number
WARDE & SHAH CHARTERED ACCOUNTANTSFY 2023121166W

Shareholding

The shareholding of Stellar Chemical Laboratories Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Stellar Chemical Laboratories Private Limited, buy the company report.

Charges & borrowings

Open charges
₹4.25 Cr
Satisfied charges
₹8.56 Cr
Breakdown by lending institutions
Others₹4.25 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Jul 2016100070400Others₹4.25 CrOpen
09 Mar 200190186833Bank of Baroda₹4.15 CrSatisfied
17 Feb 199290185792Bank of Baroda₹20 LakhSatisfied
11 Feb 199190183944Bank of Baroda₹6 LakhSatisfied
19 Jul 199090185610Bank of Baroda₹4.15 CrSatisfied

To see the full charge records of Stellar Chemical Laboratories Private Limited, buy the company report.

Total charge records: 5 View all charges

MSME payment delays

Stellar Chemical Laboratories Private Limited has 7 MSME Form 1 returns on record between 2021 and 2023, listing 80 overdue payments to 26 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 26)

SupplierAmount dueDue sinceReported on
an individual supplier
Choksi Laboratories Limited
an individual supplier
Panchmahal Gases Pvt Ltd
an individual supplier

To see the full MSME payment records of Stellar Chemical Laboratories Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Stellar Chemical Laboratories Private Limited has a workforce of 45 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.

Employee count
45
Active EPFO establishments
1
Employee growth
7.14%

GST

Stellar Chemical Laboratories has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AACCS0823J1ZGMaharashtraActive07 Sep 2017
24AACCS0823J1ZMGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Stellar Chemical Laboratories Private Limited, buy the company report.

Recent activity

Stellar Chemical Laboratories Private Limited has 3 board changes on record since 1993: 3 appointments. The latest: Gaurav Mahendranath Khandelwal was appointed as Director on 06 Feb 2003.

AGM
Stellar Chemical Laboratories Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Stellar Chemical Laboratories Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others of Rs. 4.25 Cr registered on 29 Jul 2016 with Charge ID 100070400 was modified on 11 Oct 2018.
Charges
A charge registered on 09 Mar 2001 via Charge ID 90186833 with Bank Of Baroda was fully satisfied on 15 Jun 2017.
Charges
A charge registered on 17 Feb 1992 via Charge ID 90185792 with Bank Of Baroda was fully satisfied on 15 Jun 2017.
Charges
A charge registered on 11 Feb 1991 via Charge ID 90183944 with Bank Of Baroda was fully satisfied on 15 Jun 2017.
Charges
A charge registered on 19 Jul 1990 via Charge ID 90185610 with Bank Of Baroda was fully satisfied on 15 Jun 2017.
Charges
A charge with Others amounted to Rs. 4.25 Cr with Charge ID 100070400 was registered on 29 Jul 2016.
Charges
A charge with Bank Of Baroda of Rs. 4.15 Cr registered on 19 Jul 1990 with Charge ID 90185610 was modified on 11 May 2010.
Charges
A charge with Bank Of Baroda of Rs. 4.15 Cr registered on 09 Mar 2001 with Charge ID 90186833 was modified on 06 May 2010.
Charges
A charge with Bank Of Baroda of Rs. 0.06 Cr registered on 11 Feb 1991 with Charge ID 90183944 was modified on 05 Oct 2005.
Appointed
Gaurav Mahendranath Khandelwal was appointed as Director.

7 earlier events are in the company report.

Frequently asked questions

Stellar Chemical Laboratories is an active private limited company based in Mumbai, Maharashtra, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 27 October 1987 (39+ years old) and is registered under CIN U72200MH1987PTC045102.

Stellar Chemical Laboratories has 3 current directors:

The latest financial statements of Stellar Chemical Laboratories on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Stellar Chemical Laboratories is 27AACCS0823J1ZG, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AACCS0823J1ZM (Gujarat).

The CIN (Corporate Identification Number) of Stellar Chemical Laboratories is U72200MH1987PTC045102. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Stellar Chemical Laboratories has 2 court cases on record: 2 filed by the company. Most are in the district courts.

Stellar Chemical Laboratories was incorporated on 27 October 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.

Gaurav Mahendranath Khandelwal was appointed as Director on 06 Feb 2003. Bhalchandra Shreepad Kulkarni was appointed as Director on 15 May 2000. Mahendranath Shreenath Khandelwal was appointed as Director on 14 Apr 1993.

Yes, Stellar Chemical Laboratories is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0012640).

Stellar Chemical Laboratories has 7 MSME Form 1 returns on record between 2021 and 2023, listing 80 overdue payments to 26 micro and small suppliers. The latest return was filed on 08 Dec 2023.

Stellar Chemical Laboratories can be reached through the website stellarchemicals.com. Its registered office is in Mumbai, Maharashtra, India.