MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0007000
Stone Shippers Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹206.08 Cr
▲ 30% YoY
Net profit · FY 2025
₹8.28 Cr
Net margin 4%
EBITDA · FY 2025
₹15.62 Cr
EBITDA margin 7.6%
Authorised capital
₹10.05 Cr
Registered with MCA
Paid-up capital
₹10.02 Lakh
Issued & subscribed
Open charges
₹43 Cr
Secured borrowings
Company age
18 yrs
Est. 2008
Employees · EPFO
351
Provident fund records
About Stone Shippers Limited
Data last updated:
Stone Shippers Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 29 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U13204MH2008PLC179588. Its GSTIN is 27AALCS6774R1Z5 (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10.05 Cr and a paid-up capital of ₹10.02 Lakh. It is led by directors including Rajiv Bazaz (Managing Director) and Shibani Bazaz (Whole-Time Director).
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 117 Jolly Maker Chambers Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹206.08 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹8.28 Cr (net margin 4%) and EBITDA of ₹15.62 Cr (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 1% over five years.
The company has about 351 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹43 Cr on record. Court records list 21 cases involving the company, including 13 filed by the company and 8 filed against it; 2 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.21 Cr; the latest was in May 2011. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 3 overdue payments to 2 micro and small suppliers.
Stone Shippers Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0007000). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website stoneshippers.com.
Company details
CIN U13204MH2008PLC179588
Registration Number 179588
Incorporation Date 29 February 2008
ROC Mumbai
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 Medium
Udyam Registration UDYAM-MH-19-0007000
Recognitions & Rankings of Stone Shippers
Contact details
Stone Shippers Limited's registered office is in Mumbai, Maharashtra. Its website is stoneshippers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address117 Jolly Maker Chambers Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Stone Shippers Limited, buy the company report.
Comprehensive company report
Stone Shippers 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 activities of Stone Shippers are mining and quarrying and trade. In detail, this covers other mining & quarrying activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Stone Shippers Limited, buy the company report.
Financials of Stone Shippers Limited
FY 2025 filings availableStone Shippers Limited reported revenue of ₹206.08 Cr (up 30% YoY) for FY 2025.
Revenue · FY 2025
₹206.08 Cr ▲ 30%
Net profit · FY 2025
₹8.28 Cr margin 4%
EBITDA · FY 2025
₹15.62 Cr margin 7.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▼ 25%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 37%
3 years · compounded
▼ 28%
5 years · compounded
▼ 8%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 30% growth in the latest year. EBITDA rose 37% 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 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹15.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.28 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.6% | ||||
| Net Profit Margin | 4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| 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 Stone Shippers Limited, buy the company report.
Board of directors of Stone Shippers Limited
Stone Shippers has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Bazaz | Director | 01 Sep 2013 | 13 Years 1 Months | Current |
| Rajiv Bazaz Also directs: Stone Shippers (Mumbai) Private Limited, Stone Shippers (India) Private Limited, Rahulvir Mercantile Private Limited and 1 more | Managing Director | 29 Feb 2008 | 18 Years 8 Months | Current |
| Shibani Bazaz Also directs: Stone Shippers (Mumbai) Private Limited, Stone Shippers (India) Private Limited, Rahulvir Mercantile Private Limited and 1 more | Whole-Time Director | 28 Feb 2009 | 17 Years 8 Months | Current |
| Vir Bazaz | Director | 10 May 2024 | 2 Years 5 Months | Current |
Auditor
Stone Shippers Limited is audited by Chandan S Gupta & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chandan S Gupta & Co. | FY 2023 | 101663W |
Shareholding
The shareholding of Stone Shippers 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Stone Shippers Limited, buy the company report.
Charges & borrowings
Open charges
₹43 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2025 | 101153781 | Others | ₹5 Cr | Open | |
| 27 Dec 2023 | 100851097 | Axis Bank Limited | ₹20 Cr | Open | |
| 19 Jul 2019 | 100280264 | Citi Bank N.A. | ₹18 Cr | Open |
Total charge records: 3 View all charges
Deals & funding
Stone Shippers Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.21 Cr; the latest was in May 2011.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹1.21 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2011 | Funding round | ₹6.1 Lakh | Investors: 2 individuals |
| Jun 2010 | Funding round | ₹1.15 Cr | Investors: Direct Design Company Private Limited , Stone Shippers (Kota) Private Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Stone Shippers Limited has 21 court cases on record: 13 filed by Stone Shippers, 8 filed against it. 2 cases are pending and 19 are disposed.
Total cases
21
Filed by the company
13
Filed against the company
8
Pending
2
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 1 | 1 |
| District courts | 10 | 7 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Kotak Mahindra Bank Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Kotak Mahindra Bank Ltd. | Disposed |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by Ms Movers International P.Ltd. | Disposed |
| District court, Kota, Rajasthan | Court case (Cr.Reg.Case) | Filed against the company by State | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Area Manager Maharashtra Industrial Development Corporation and Anr and 1 other | Pending |
To see the full case history of Stone Shippers 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.
Credit ratings & regulatory alerts
Stone Shippers Limited was last rated by Crisil on 02 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 02 Jan 2020 |
To see the full credit ratings and regulatory alerts of Stone Shippers Limited, buy the company report.
MSME payment delays
Stone Shippers Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jay Elastomers Private Limited | |||
| Shreeji Engineering Works |
To see the full MSME payment records of Stone Shippers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Stone Shippers Limited has a workforce of 351 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
Employee count
351
Active EPFO establishments
2
Employee growth
-17.41%
GST
Stone Shippers has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCS6774R1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 08AALCS6774R1Z5 | Rajasthan | Active | 01 Jul 2017 |
| 37AALCS6774R1Z4 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Stone Shippers Limited, buy the company report.
Recent activity
Stone Shippers Limited has 8 board changes on record since 2008: 6 appointments and 2 cessations. The latest: Vir Bazaz was appointed as Director on 10 May 2024.
AGM
Stone Shippers Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101153781 was registered on 21 Aug 2025.
Filing
Stone Shippers Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Vir Bazaz was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 20.00 Cr with Charge ID 100851097 was registered on 27 Dec 2023.
Charges
A charge with Citi Bank N.A. amounted to Rs. 18.00 Cr with Charge ID 100280264 was registered on 19 Jul 2019.
Appointed
Rahul Bazaz was appointed as Director.
Ceased
Raj Hansraj Bazaz ceased to be Director.
Ceased
Veena Raj Bazaz ceased to be Director.
Appointed
Shibani Bazaz was appointed as Whole-Time Director.
Appointed
Raj Hansraj Bazaz was appointed as Director.
Appointed
Rajiv Bazaz was appointed as Managing Director.
2 earlier events are in the company report.
Frequently asked questions
Stone Shippers is an active public limited company based in Mumbai, Maharashtra, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 29 February 2008 (18+ years old) and is registered under CIN U13204MH2008PLC179588.
Stone Shippers has 4 current directors:
- Rajiv Bazaz - Managing Director
- Shibani Bazaz - Whole-Time Director
- Rahul Bazaz - Director
- Vir Bazaz - Director
The latest financial statements of Stone Shippers 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 Stone Shippers is 27AALCS6774R1Z5, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 08AALCS6774R1Z5 (Rajasthan), 37AALCS6774R1Z4 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Stone Shippers is U13204MH2008PLC179588. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Stone Shippers has 21 court cases on record: 13 filed by the company and 8 filed against it. 2 are pending. Most are in the high courts.
Stone Shippers was incorporated on 29 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Stone Shippers has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.21 Cr; the latest was in May 2011.
Vir Bazaz was appointed as Director on 10 May 2024. Rahul Bazaz was appointed as Director on 01 Sep 2013. Raj Hansraj Bazaz ceased to be Director on 01 Sep 2013. Stone Shippers has 8 board changes on record in total.
Yes, Stone Shippers is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0007000).
Stone Shippers has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 03 Jan 2023.