Stuti Cotex Private Limited
About Stuti Cotex Private Limited
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Stuti Cotex Private Limited is a private limited company based in Shirpur, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 22 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17291MH2012PTC238162. Its GSTIN is 27AASCS5415L1ZQ (Maharashtra).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹34 Lakh. It is led by directors Gopal Kisanlal Bhandari and Navin Gurumukhdas Haswani.
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 G.No.25 A/P Dahiwad, Shirpur, Maharashtra, India – 425405.
As per the financials filed for FY 2024, the company reported a revenue of ₹74.03 Lakh, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹12.09 Lakh (net margin -16.3%) and EBITDA of ₹9.11 Lakh (EBITDA margin 12.3%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 21% over five years.
As per MCA filings, the company has satisfied charges of ₹2.41 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressG.No.25 A/P Dahiwad, Shirpur, Maharashtra, India – 425405
- IndustryManufacturing, Textile & Fabric Production
- 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 of Stuti Cotex Private Limited
The main business activity of Stuti Cotex is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | 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 Stuti Cotex Private Limited FY 2024 filings available
Stuti Cotex Private Limited reported revenue of ₹74.03 Lakh (up 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Stuti Cotex Private Limited
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 21%. EBITDA fell 40% 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 Stuti Cotex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | ₹9.11 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.09 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 of Stuti Cotex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -16.3% | •••• | •••• | •••• | •••• |
| 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 Stuti Cotex 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 Stuti Cotex Private Limited
Stuti Cotex Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| BR Sarees Private Limited | ₹74.31 Lakh (FY 2024) | •••• | •••• | -42.0% | •••• | Kolkata, West Bengal, India |
| BLBR Lifestyle Private Limited | ₹74.28 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Lakhamshi P Shah Textiles Private Limited | ₹74.26 Lakh (FY 2025) | •••• | •••• | -68.0% | •••• | Mumbai, Maharashtra, India |
| Fashionation Craftwork OPC Private Limited | ₹74.18 Lakh (FY 2025) | •••• | •••• | -13.0% | •••• | Agra, Uttar Pradesh, India |
| Lavkush Silk Mills Private Limited | ₹74.09 Lakh (FY 2019) | •••• | •••• | -23.0% | •••• | Thane, Maharashtra, India |
| Stuti Cotex Private Limited this company | ₹74.03 Lakh (FY 2024) | •••• | •••• | 7.0% | •••• | Shirpur, Maharashtra, India |
| Mukul Private Limited | ₹73.99 Lakh (FY 2024) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Ira Cotex Private Limited | ₹73.9 Lakh (FY 2024) | •••• | •••• | -6.0% | •••• | Shirpur, Maharashtra, India |
| Batik Prints Private Limited | ₹73.9 Lakh (FY 2025) | •••• | •••• | 333.0% | •••• | Surat, Gujarat, India |
| Schifflies India Limited | ₹73.87 Lakh (FY 2019) | •••• | •••• | -62.0% | •••• | New Delhi, Delhi, India |
| Mayank Spinners Private Limited | ₹73.82 Lakh (FY 2025) | •••• | •••• | -16.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Stuti Cotex by revenue in the Manufacturing industry (Textiles), 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 Stuti Cotex Private Limited
Stuti Cotex Private Limited is audited by S.V.RATHI & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.V.RATHI & 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 Stuti Cotex Private Limited
Stuti Cotex has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gopal Kisanlal Bhandari Also directs: Charuta Textiles Private Limited, Nakshtra Texfab Private Limited, Niranjana Cotex Private Limited and 2 more | Director | 10 Sep 2013 | 13 Years 1 Months | Current |
| Navin Gurumukhdas Haswani Also directs: Yamuna Textiles Priavte Limited, Sarasswati Cotex Private Limited, Pukhraj Textiles Private Limited and 4 more | Director | 02 Jan 2021 | 5 Years 9 Months | Current |
Ownership and Shareholding of Stuti Cotex Private 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 Stuti Cotex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Oct 2013 | Dena Bank | ₹2.41 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Stuti Cotex Private Limited
Employment history and EPFO contributions of people linked to Stuti Cotex.
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.
Recent Activity on Stuti Cotex Private Limited
Stuti Cotex Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Navin Gurumukhdas Haswani ceased to be Additional Director on 30 Nov 2021.
Credit Ratings, Litigation & Regulatory Alerts for Stuti Cotex Private 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.
MSME Payment Delays by Stuti Cotex Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Stuti Cotex Private 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 Stuti Cotex Private Limited
Stuti Cotex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AASCS5415L1ZQ | Maharashtra | 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 Stuti Cotex Private 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 Stuti Cotex Private Limited
Stuti Cotex is an active private limited company based in Shirpur, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 22 November 2012 (14+ years old) and is registered under CIN U17291MH2012PTC238162.
Stuti Cotex reported revenue of ₹74.03 Lakh for FY 2024 (up 7% YoY).
Stuti Cotex has 2 current directors:
- Gopal Kisanlal Bhandari - Director
- Navin Gurumukhdas Haswani - Director
Stuti Cotex reported a net loss of ₹12.09 Lakh (net margin -16.3%) and EBITDA of ₹9.11 Lakh (EBITDA margin 12.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Stuti Cotex is 9% over three years and -21% over five years. In the latest year (FY 2024) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Stuti Cotex is 27AASCS5415L1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Stuti Cotex is U17291MH2012PTC238162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Stuti Cotex was incorporated on 22 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Stuti Cotex by revenue are BR Sarees Private Limited, BLBR Lifestyle Private Limited, Lakhamshi P Shah Textiles Private Limited, Fashionation Craftwork OPC Private Limited, Lavkush Silk Mills Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Navin Gurumukhdas Haswani ceased to be Additional Director on 30 Nov 2021. Kruti Bhupesh Patel ceased to be Director on 02 Jan 2021. Navin Gurumukhdas Haswani was appointed as Director on 02 Jan 2021. Stuti Cotex has 6 board changes on record in total.
The registered office of Stuti Cotex is at G.No.25 AP Dahiwad, Shirpur, Maharashtra, India – 425405.