Suyog Gurbaxani Funicular Ropeways Limited

Suyog Gurbaxani Funicular Ropeways Limited - infrastructure and utilities in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L45203MH2010PLC200005 Incorporated 11 February 2010 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 543391 Public Limited Company infrastructure and utilities MSME · Small
Market Cap
₹216 Cr
SGFRL · BSE
Share Price
₹85.00
-2.30% today
Revenue
₹49.79 Cr
FY 2025-26 · -6.1% YoY
EBITDA
₹24.54 Cr
Margin 49.3%
Net Profit
₹5.94 Cr
FY 2025-26 · -31.7% YoY
P/E (TTM)
35.5x
P/B 5.2x
ROE
18.2%
ROCE 10.4%
Debt / Equity
3.93
Interest cover 44.7x

About Suyog Gurbaxani Funicular Ropeways Limited

Data last updated:

Suyog Gurbaxani Funicular Ropeways Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 11 February 2010 and has been in existence for over 16 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L45203MH2010PLC200005. Its GSTIN is 27AAOCS0315H1ZE (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 543391.

The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹24.86 Cr. It was formerly known as Suyog Gurbaxani Funicular Ropeways Private Limited. It is led by directors including Rajkumar Dwarkadas Gurbaxani (Whole-Time Director) and Shivshankar Gurushantappa Lature.

Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 18 Suyog Industrial Estate 1st Floor Lbs Marg Vikhroli (West), Mumbai, Maharashtra, India – 400083.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹49.79 Cr, a decline of 6.1% compared to the previous year. For the same year it recorded a net profit of ₹5.94 Cr (net margin 11.9%) and EBITDA of ₹24.54 Cr (EBITDA margin 49.3%). The net worth stands at ₹40.76 Cr (up 66.6% YoY). Total assets are valued at ₹241.43 Cr (up 113.1% YoY).

The company has about 171 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: SGFRL. As per MCA filings, the company has open charges of ₹80 Cr and satisfied charges of ₹95.32 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending. The company has 33 deals on record (21 market trades, 7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹11.99 Cr; the latest was in August 2024.

Suyog Gurbaxani Funicular Ropeways Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0045662). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sgfrl.com.

Company details

CIN L45203MH2010PLC200005
Registration Number 200005
Incorporation Date 11 February 2010
ROC Mumbai
Listing Status Listed - Listed on BSE (543391)
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0045662

CIN history

Suyog Gurbaxani Funicular Ropeways has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45203MH2010PLC200005, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L45203MH2010PLC200005Current
U45203MH2010PLC200005Previous
U45203MH2010PTC200005Previous

Recognitions & Rankings of Suyog Gurbaxani Funicular Ropeways

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-19-0045662

Contact details

Suyog Gurbaxani Funicular Ropeways Limited's registered office is in Mumbai, Maharashtra. Its website is sgfrl.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
  • Registered Address
    18 Suyog Industrial Estate 1st Floor Lbs Marg Vikhroli (West), Mumbai, Maharashtra, India – 400083
  • Industry
    Infrastructure and Utilities, General Construction Services

To see the full contact details of Suyog Gurbaxani Funicular Ropeways Limited, buy the company report.

Comprehensive company report
Suyog Gurbaxani Funicular Ropeways 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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Secure checkout · GST invoice included

Brands

Suyog Gurbaxani Funicular Ropeways operates one associated brand: SGFRL. Each brand links to its own profile.

BrandDescriptionWebsite
Travel services are provided by SGFRL in Nashik, India.sgfrl.com

Business activity

The main business activity of Suyog Gurbaxani Funicular Ropeways is transport and storage. In detail, this covers land transport via railways & pipelines.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
HTransport and storageH2Land transport via Railways & Pipelines

To see the full business activity and turnover split of Suyog Gurbaxani Funicular Ropeways Limited, buy the company report.

Financials of Suyog Gurbaxani Funicular Ropeways Limited

FY 2025-26 filings available

Suyog Gurbaxani Funicular Ropeways Limited reported revenue of ₹49.79 Cr (down 6.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹49.79 Cr
-6.1% YoY
EBITDA
₹24.54 Cr
+40.1% YoY
Profit After Tax
₹5.94 Cr
-31.7% YoY
Net Worth
₹40.76 Cr
+66.6% YoY
Total Assets
₹241 Cr
+113.1% YoY
Total Debt
₹170 Cr
+97.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25
Income statement
Revenue49.7953.01
Revenue growth-6.1%-
EBITDA24.5417.52
EBITDA margin+49.3%+33.1%
Profit before tax9.498.17
Net profit5.948.70
Net profit margin+11.9%+16.4%
EPS (₹)2.393.50
Balance sheet
Total assets241113
Net worth40.7624.47
Total debt17086.15
Cash & bank0.500.16
Net working capital(5.79)54.14
Cash flow
Cash from operations6.583.63
Cash from investing7.92(0.08)
Cash from financing(14.17)(3.50)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue47.1653.0163.1218.018.054.4713.19
Revenue growth-11.0%-16.0%+250.5%+123.7%+80.1%-66.1%-
EBITDA23.8317.5221.5711.224.140.836.75
EBITDA margin+50.5%+33.1%+34.2%+62.3%+51.4%+18.6%+51.2%
Profit before tax10.348.177.830.02(6.94)(7.96)(1.88)
Net profit11.158.705.580.33(6.94)(7.96)(1.88)
Net profit margin+23.6%+16.4%+8.8%+1.8%-86.2%-178.1%-14.3%
EPS (₹)4.483.502.250.13(2.79)(3.91)(0.93)
Balance sheet
Total assets13811310578.7280.7684.9486.12
Net worth35.6124.4715.7710.199.886.9914.92
Total debt10086.1586.9365.9867.9274.7767.87
Cash & bank0.440.160.110.142.900.290.31
Net working capital56.2254.1440.057.193.601.12(0.34)
Cash flow
Cash from operations13.473.63(13.82)1.033.71(5.96)6.13
Cash from investing(20.12)(0.08)(0.04)(0.28)0.00(0.06)(0.85)
Cash from financing6.93(3.50)13.84(3.51)(1.11)6.00(5.33)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsFY 2025-26FY 2024-25
Revenue49.7953.01
Revenue growth-6.1%-
Other income0.300.01
Total expenses25.2535.49
Employee cost9.197.26
EBITDA24.5417.52
EBITDA margin+49.3%+33.1%
Depreciation7.936.60
Interest7.422.76
Profit before tax9.498.17
Tax3.55(0.53)
Net profit5.948.70
Net profit margin+11.9%+16.4%
EPS (₹)2.393.50
ParticularsFY 2025-26FY 2024-25
Equity & liabilities
Share capital24.8624.86
Reserves & surplus15.90(0.39)
Shareholders' funds (net worth)40.7624.47
Minority interest28.120.00
Secured loans73.1512.38
Unsecured loans96.7773.77
Total debt17086.15
Total liabilities241113
Assets
Gross block24898.70
Net block19553.60
Capital work in progress41.140.00
Investments0.000.00
Inventories0.700.96
Sundry debtors1.270.92
Cash & bank balances0.500.16
Loans & advances11.4379.81
Total current assets13.9081.85
Total current liabilities19.6927.71
Net working capital(5.79)54.14
Total assets241113
ParticularsFY 2025-26FY 2024-25
Opening cash0.160.11
Net cash from operating activities6.583.63
Net cash from investing activities7.92(0.08)
Net cash from financing activities(14.17)(3.50)
Net change in cash0.340.05
Closing cash0.500.16
ParticularsFY 2025-26FY 2024-25
Growth
Sales growth-6.1%-
EBITDA growth+40.1%-
PBT growth+16.2%+9997.0%
Net income growth-31.7%-
Profitability & leverage
Net income margin+11.9%+16.4%
Return on capital employed+10.4%+9.6%
Return on net worth+18.2%+35.5%
Debt / equity3.933.52
Long-term debt / equity3.833.27
Interest cover44.6725.27
Efficiency & per share
Fixed asset turnover0.290.54
Inventory turnover59.9955.22
Debtors turnover45.4757.62
EPS (₹)2.393.50
Dividend per share (₹)0.000.00
Book value per share (₹)16.399.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue47.1653.0163.1218.018.054.4713.19
Revenue growth-11.0%-16.0%+250.5%+123.7%+80.1%-66.1%-
Other income0.110.010.050.020.010.000.00
Total expenses23.3335.4941.556.793.913.646.44
Employee cost8.647.264.993.651.791.672.58
EBITDA23.8317.5221.5711.224.140.836.75
EBITDA margin+50.5%+33.1%+34.2%+62.3%+51.4%+18.6%+51.2%
Depreciation6.606.606.656.646.656.716.70
Interest7.002.767.144.584.442.081.93
Profit before tax10.348.177.830.02(6.94)(7.96)(1.88)
Tax(0.81)(0.53)2.25(0.31)0.000.000.00
Net profit11.158.705.580.33(6.94)(7.96)(1.88)
Net profit margin+23.6%+16.4%+8.8%+1.8%-86.2%-178.1%-14.3%
EPS (₹)4.483.502.250.13(2.79)(3.91)(0.93)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital24.8624.8624.8624.8624.8620.2920.29
Reserves & surplus10.75(0.39)(9.09)(14.67)(14.98)(13.30)(5.37)
Shareholders' funds (net worth)35.6124.4715.7710.199.886.9914.92
Secured loans73.1512.3818.1460.5462.4871.7367.87
Unsecured loans26.8873.7768.795.445.443.040.00
Total debt10086.1586.9365.9867.9274.7767.87
Total liabilities13811310578.7280.7684.9486.12
Assets
Gross block99.0298.7098.6198.6098.3298.3298.26
Net block47.3253.6060.1466.7673.1279.7686.41
Capital work in progress0.000.000.000.000.000.000.00
Investments19.800.000.000.000.000.000.00
Inventories0.700.963.307.060.640.630.58
Sundry debtors16.760.920.600.880.740.820.65
Cash & bank balances0.440.160.110.142.900.290.31
Loans & advances53.5479.8146.680.411.020.640.71
Total current assets71.4481.8550.698.495.302.382.25
Total current liabilities15.2227.7110.641.301.701.262.59
Net working capital56.2254.1440.057.193.601.12(0.34)
Total assets13811310578.7280.7684.9486.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.160.110.142.900.290.310.37
Net cash from operating activities13.473.63(13.82)1.033.71(5.96)6.13
Net cash from investing activities(20.12)(0.08)(0.04)(0.28)0.00(0.06)(0.85)
Net cash from financing activities6.93(3.50)13.84(3.51)(1.11)6.00(5.33)
Net change in cash0.280.05(0.02)(2.76)2.60(0.02)(0.05)
Closing cash0.440.160.110.142.900.290.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-11.0%-16.0%+250.5%+123.7%+80.1%-66.1%-
EBITDA growth+36.0%-18.8%+92.3%+171.0%+398.8%-87.7%-
PBT growth+26.6%+4.3%-+9998.0%+12.8%-323.4%+46.1%
Net income growth+28.2%+55.9%+1590.9%+104.8%+12.8%-323.4%-
Revenue CAGR (3Y)+37.8%+87.4%+141.7%+10.9%+0.6%--
EBITDA CAGR (3Y)+28.5%+61.8%+196.2%+18.5%+7.5%--
Profitability & leverage
Net income margin+23.6%+16.4%+8.8%+1.8%-86.2%-178.1%-14.3%
Return on capital employed+13.5%+9.8%+16.3%+5.7%-3.0%-6.8%0.0%
Return on net worth+33.9%+37.9%+43.1%+3.1%-82.3%-72.4%0.0%
Debt / equity3.104.305.896.678.466.514.39
Long-term debt / equity3.003.975.406.137.966.184.12
Interest cover40.6325.2747.86100.00-176.89-35.373,860.00
Efficiency & per share
Fixed asset turnover0.480.540.640.180.080.050.13
Inventory turnover56.8224.8912.194.6812.687.3921.62
Debtors turnover5.3369.7585.3022.2310.326.0827.20
EPS (₹)4.483.502.250.13(2.79)(3.91)(0.93)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)14.329.846.354.103.973.447.36

To see the full year-wise statements and ratios of Suyog Gurbaxani Funicular Ropeways Limited, buy the company report.

Board of directors of Suyog Gurbaxani Funicular Ropeways Limited

Suyog Gurbaxani Funicular Ropeways has 9 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shivshankar Gurushantappa LatureDirector11 Feb 201016 Years 9 MonthsCurrent
Rajkumar Dwarkadas GurbaxaniWhole-Time Director11 Feb 201016 Years 9 MonthsCurrent
Omprakash Dwarkadas GurbaxaniDirector11 Feb 201016 Years 9 MonthsCurrent
Nandan Kumar BasuDirector09 Nov 20224 Years 0 MonthsCurrent
Hrishikesh Deodatta MaratheDirector06 Mar 20197 Years 8 MonthsCurrent
Manisha Suyog ShelarDirector04 Sep 20215 Years 2 MonthsCurrent
Showing 6 of 9 current directors. View all directors

Auditor

Suyog Gurbaxani Funicular Ropeways Limited is audited by Aniket Kulkarni & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Aniket Kulkarni & AssociatesFY 2023130521W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 63.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 36.70%.

Promoters: 63.30%Retail & Others: 36.70%
Sep 2026
QUARTER
63.30% Promoters
36.70% Retail & Others
Promoter holding - history
Now 63.30% · Sep 2026High 63.30% · Dec 2025Low 63.30% · Dec 2025
62%62.8%63.5%64.3%65%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 63.30%Mar 2026: 63.30%Jun 2026: 63.30%Sep 2026: 63.30%63.30%63.30%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters63.30%63.30%63.30%63.30%
Public36.70%36.70%36.70%36.70%

Charges & borrowings

Open charges
₹80 Cr
Satisfied charges
₹95.32 Cr
Breakdown by lending institutions
Others₹80.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Sep 2025101177835Others₹80 CrOpen
30 Jun 2023100748524Others₹20 CrSatisfied
27 Jun 2023100747955Axis Bank Limited₹12.56 CrSatisfied
12 Feb 2021100477038State Bank of India₹3.72 CrSatisfied
28 Mar 2017100110032State Bank of India₹25 CrSatisfied

To see the full charge records of Suyog Gurbaxani Funicular Ropeways Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

Suyog Gurbaxani Funicular Ropeways Limited has 33 deals on record (21 market trades, 7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹11.99 Cr; the latest was in August 2024.

Total deals
33
Market trades
21
Secondary share transfers
7
Funding rounds
2
Rights issues
2
Disclosed funding
₹11.99 Cr

Deals on record (5 of 33)

WhenDealAmountParties
Aug 2024Market trade₹4.03 CrSeller: S K Growth Fund Pvt Ltd , an individual
Aug 2024Market trade₹4.56 CrSeller: Nopea Capital Services Private Limited
Aug 2024Market trade₹2.05 CrSeller: Emrald Commercial Limited
Apr 2024Market trade₹4.73 CrBuyer: an individual
Seller: Venkateshwara Industrial Promotion Co. Ltd , an individual
Mar 2024Market trade₹2.09 CrBuyer: Nopea Capital Services Private Limited
Seller: an individual

To see the full deal history of Suyog Gurbaxani Funicular Ropeways Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Suyog Gurbaxani Funicular Ropeways Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Suyog Gurbaxani Funicular Ropeways Limited has a workforce of 171 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
171
Active EPFO establishments
1
Employee growth
85.9%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27171
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20

To see the full employee and EPFO history of Suyog Gurbaxani Funicular Ropeways Limited, buy the company report.

GST

Suyog Gurbaxani Funicular Ropeways has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAOCS0315H1ZEMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Suyog Gurbaxani Funicular Ropeways Limited, buy the company report.

Recent activity

Suyog Gurbaxani Funicular Ropeways Limited has 27 board changes on record since 2010: 18 appointments and 9 cessations. The latest: Padmanabhan Balasubramaniam was appointed as Director on 13 Jan 2026.

Filing
Suyog Gurbaxani Funicular Ropeways Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Padmanabhan Balasubramaniam was appointed as Director.
Ceased
Ramlal Kisan Sarote ceased to be Director.
Charges
A charge registered on 27 Jun 2023 via Charge ID 100747955 with Axis Bank Limited was fully satisfied on 06 Oct 2025.
Charges
A charge with Others amounted to Rs. 80.00 Cr with Charge ID 101177835 was registered on 29 Sep 2025.
AGM
Suyog Gurbaxani Funicular Ropeways Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records.
Charges
A charge registered on 30 Jun 2023 via Charge ID 100748524 with Others was fully satisfied on 25 Jun 2025.
Charges
A charge with Axis Bank Limited of Rs. 12.56 Cr registered on 27 Jun 2023 with Charge ID 100747955 was modified on 17 Dec 2024.
Ceased
Bhakti Manish Visrani ceased to be Company Secretary.
Charges
A charge registered on 12 Feb 2021 via Charge ID 100477038 with State Bank Of India was fully satisfied on 23 Feb 2024.
Charges
A charge registered on 28 Mar 2017 via Charge ID 100110032 with State Bank Of India was fully satisfied on 23 Feb 2024.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100748524 was registered on 30 Jun 2023.

32 earlier events are in the company report.

Frequently asked questions

Suyog Gurbaxani Funicular Ropeways is an active public limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 11 February 2010 (16+ years old) and is registered under CIN L45203MH2010PLC200005. Listed on BSE: 543391.

Suyog Gurbaxani Funicular Ropeways reported revenue of ₹49.79 Cr for FY 2025-26 (down 6.1% YoY) based on consolidated financials.

Suyog Gurbaxani Funicular Ropeways has 9 current directors:

The latest financial statements of Suyog Gurbaxani Funicular Ropeways on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Suyog Gurbaxani Funicular Ropeways is 27AAOCS0315H1ZE, registered in Maharashtra.

The CIN (Corporate Identification Number) of Suyog Gurbaxani Funicular Ropeways is L45203MH2010PLC200005. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Suyog Gurbaxani Funicular Ropeways is a listed company as per MCA records. Its shares are listed on BSE (code: 543391).

Suyog Gurbaxani Funicular Ropeways has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.

Suyog Gurbaxani Funicular Ropeways was incorporated on 11 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.

Suyog Gurbaxani Funicular Ropeways has 33 deals on record (21 market trades, 7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹11.99 Cr; the latest was in August 2024.