Teerth Gopicon Limited - construction in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L45209GJ2019PLC110249 Incorporated 10 October 2019 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Under Insolvency Listed - NSE: TGL Public Limited Company construction
Data last updated
Market Cap
₹13.26 Cr
TGL-ST · NSE
Share Price
₹10.85
-1.81% today
Revenue
₹118 Cr
FY 2024-25 · +12.7% YoY
EBITDA
₹24.62 Cr
Margin 20.8%
Net Profit
₹12.84 Cr
FY 2024-25 · +11.1% YoY
P/E (TTM)
1.1x
P/B 0.2x
ROE
27.0%
ROCE 30.7%
Debt / Equity
0.40
Interest cover 12.1x

About Teerth Gopicon Limited

Data last updated:

Teerth Gopicon Limited is a public limited company based in Ahmedabad, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the building construction segment of the construction sector. It was incorporated on 10 October 2019.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45209GJ2019PLC110249. Its GSTIN is 24AAHCT5520G1ZJ (Gujarat). The company holds 3 GST registrations, all of them active. Its shares are listed on NSE: TGL.

The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹12 Cr. It was formerly known as Teerth Gopicon Private Limited. It is led by directors including Maheshbhai Maganbhai Kumbhani (Managing Director) and Chandrikaben Maheshbhai Kumbhani (Whole-Time Director).

Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 703 Sapath Complex – I Opp Rajpath Club Near Madhur Hotel Bodakdev, Ahmedabad, Gujarat, India – 380054.

As per the latest consolidated financials for FY 2024-25, the company reported a revenue of ₹118.27 Cr, a growth of 12.7% compared to the previous year. For the same year it recorded a net profit of ₹12.84 Cr (net margin 10.9%) and EBITDA of ₹24.62 Cr (EBITDA margin 20.8%). The net worth stands at ₹75.97 Cr (up 294% YoY). Total assets are valued at ₹100.19 Cr (up 206.2% YoY).

The company is associated with 1 brand: Teerth Gopicon. As per MCA filings, the company has open charges of ₹37.24 Cr and satisfied charges of ₹10 Cr on record. Court records list 20 cases involving the company, including 7 filed by the company and 13 filed against it; 12 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 ipo, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in April 2024. Its 3 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 1 larger and 2 smaller; the largest is Mahavir Civil Engineering and Services Private Limited with revenue of ₹105.41 Cr.

The last known website on record is teerthgopicon.com.

Company details

CIN L45209GJ2019PLC110249
Registration Number 110249
Incorporation Date 10 October 2019
ROC Ahmedabad
Listing Status Listed (NSE: TGL)
Company Status Under CIRP
Date of Last AGM 28 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant

CIN history

Teerth Gopicon has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45209GJ2019PLC110249, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L45209GJ2019PLC110249Current
U45209GJ2019PTC110249Previous
U45209GJ2019PLC110249Previous

Contact details

Teerth Gopicon Limited's registered office is in Ahmedabad, Gujarat.

  • Registered Address
    703 Sapath Complex – I Opp Rajpath Club Near Madhur Hotel Bodakdev, Ahmedabad, Gujarat, India – 380054
  • Industry
    Construction, Buildings
Comprehensive company report
Teerth Gopicon 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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Brands

Teerth Gopicon operates one associated brand: Teerth Gopicon. Each brand links to its own profile.

BrandDescriptionWebsite
Engineering, procurement, and construction services for infrastructure are delivered.teerthgopicon.com

Business activity

The main business activity of Teerth Gopicon is construction. In detail, this covers roads, railways, utility projects.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF2Roads, railways, Utility projects

To see the full business activity and turnover split of Teerth Gopicon Limited, buy the company report.

Financials of Teerth Gopicon Limited

FY 2024-25 filings available

Teerth Gopicon Limited reported revenue of ₹118.27 Cr (up 12.7% YoY) for FY 2024-25.

Financial Highlights

FY 2024-25 · Consolidated
Revenue
₹118 Cr
+12.7% YoY
EBITDA
₹24.62 Cr
+35.9% YoY
Profit After Tax
₹12.84 Cr
+11.1% YoY
Net Worth
₹75.97 Cr
+294.0% YoY
Total Assets
₹100 Cr
+206.2% YoY
Total Debt
₹24.22 Cr
+80.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2024-25FY 2023-24
Income statement
Revenue118105
Revenue growth+12.7%-
EBITDA24.6218.11
EBITDA margin+20.8%+17.3%
Profit before tax17.9616.05
Net profit12.8411.56
Net profit margin+10.9%+11.0%
EPS (₹)10.7014.45
Balance sheet
Total assets10032.72
Net worth75.9719.28
Total debt24.2213.44
Cash & bank2.611.05
Net working capital73.5416.91
Cash flow
Cash from operations(22.48)4.07
Cash from investing(15.26)(14.10)
Cash from financing39.305.75
MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue11810539.0831.1746.1914.04
Revenue growth+12.7%+168.5%+25.4%-32.5%+229.0%-
EBITDA24.6218.113.000.741.070.49
EBITDA margin+20.8%+17.3%+7.7%+2.4%+2.3%+3.5%
Profit before tax17.9616.052.390.330.670.49
Net profit12.8411.561.700.150.450.49
Net profit margin+10.9%+11.0%+4.4%+0.5%+1.0%+3.5%
EPS (₹)10.7014.453.400.310.934.88
Balance sheet
Total assets11532.7212.4719.7515.2812.53
Net worth75.9719.288.206.095.941.49
Total debt39.1113.444.2713.669.3411.04
Cash & bank2.241.055.332.172.610.16
Net working capital88.4116.918.8916.7212.569.67
Cash flow
Cash from operations(39.07)4.0715.41(4.05)0.42-
Cash from investing(15.28)(14.10)(0.54)(0.71)(1.86)-
Cash from financing55.545.75(11.71)4.323.90-

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsFY 2024-25FY 2023-24
Revenue118105
Revenue growth+12.7%-
Other income0.280.18
Total expenses93.6586.81
Employee cost3.883.97
EBITDA24.6218.11
EBITDA margin+20.8%+17.3%
Depreciation4.511.27
Interest2.430.97
Profit before tax17.9616.05
Tax5.124.49
Net profit12.8411.56
Net profit margin+10.9%+11.0%
EPS (₹)10.7014.45
ParticularsFY 2024-25FY 2023-24
Equity & liabilities
Share capital12.008.00
Reserves & surplus63.9711.28
Shareholders' funds (net worth)75.9719.28
Minority interest0.000.00
Secured loans21.7411.24
Unsecured loans2.482.20
Total debt24.2213.44
Total liabilities10032.72
Assets
Gross block30.7015.59
Net block23.7413.14
Capital work in progress0.000.00
Investments2.952.81
Inventories62.7958.85
Sundry debtors27.4333.28
Cash & bank balances2.611.05
Loans & advances54.9927.10
Total current assets148120
Total current liabilities74.28103
Net working capital73.5416.91
Total assets10032.72
ParticularsFY 2024-25FY 2023-24
Opening cash1.055.33
Net cash from operating activities(22.48)4.07
Net cash from investing activities(15.26)(14.10)
Net cash from financing activities39.305.75
Net change in cash1.56(4.28)
Closing cash2.611.05
ParticularsFY 2024-25FY 2023-24
Growth
Sales growth+12.7%-
EBITDA growth+36.0%-
PBT growth+11.9%+9997.0%
Net income growth+11.1%-
Profitability & leverage
Net income margin+10.9%+11.0%
Return on capital employed+30.7%+52.0%
Return on net worth+27.0%+60.0%
Debt / equity0.400.70
Long-term debt / equity0.200.38
Interest cover12.085.76
Efficiency & per share
Fixed asset turnover5.116.73
Inventory turnover1.941.78
Debtors turnover3.903.15
EPS (₹)10.7014.45
Dividend per share (₹)0.000.00
Book value per share (₹)63.3124.10
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue11810539.0831.1746.1914.04
Revenue growth+12.7%+168.5%+25.4%-32.5%+229.0%-
Other income0.280.180.070.040.010.00
Total expenses93.6586.8136.0830.4345.1213.55
Employee cost3.883.971.501.171.050.10
EBITDA24.6218.113.000.741.070.49
EBITDA margin+20.8%+17.3%+7.7%+2.4%+2.3%+3.5%
Depreciation4.511.270.450.420.410.00
Interest2.430.970.230.030.000.00
Profit before tax17.9616.052.390.330.670.49
Tax5.124.490.690.180.220.00
Net profit12.8411.561.700.150.450.49
Net profit margin+10.9%+11.0%+4.4%+0.5%+1.0%+3.5%
EPS (₹)10.7014.453.400.310.934.88
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.008.005.005.005.001.00
Reserves & surplus63.9711.283.201.090.940.49
Shareholders' funds (net worth)75.9719.288.206.095.941.49
Secured loans21.7411.240.660.000.000.00
Unsecured loans17.372.203.6113.669.3411.04
Total debt39.1113.444.2713.669.3411.04
Total liabilities11532.7212.4719.7515.2812.53
Assets
Gross block30.7015.592.662.081.912.85
Net block23.7413.141.961.231.492.84
Capital work in progress0.000.000.000.000.000.00
Investments2.972.811.641.751.200.02
Inventories62.7958.859.347.537.354.41
Sundry debtors27.4333.2819.0620.3412.5114.51
Cash & bank balances2.241.055.332.172.610.16
Loans & advances53.3027.109.899.705.970.65
Total current assets14612043.6239.7428.4419.73
Total current liabilities57.3510334.7323.0215.8810.06
Net working capital88.4116.918.8916.7212.569.67
Total assets11532.7212.4719.7515.2812.53
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.055.332.172.610.16-
Net cash from operating activities(39.07)4.0715.41(4.05)0.42-
Net cash from investing activities(15.28)(14.10)(0.54)(0.71)(1.86)-
Net cash from financing activities55.545.75(11.71)4.323.90-
Net change in cash1.19(4.28)3.16(0.45)2.46-
Closing cash2.241.055.332.172.61-
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+12.7%+168.5%+25.4%-32.5%+229.0%-
EBITDA growth+36.0%+503.7%+305.4%-30.8%+118.4%-
PBT growth+11.9%+571.6%+624.2%-50.8%+36.7%+9997.0%
Net income growth+11.1%+580.0%+1033.3%-66.7%-8.2%-
Revenue CAGR (3Y)+56.0%+31.5%+40.7%---
EBITDA CAGR (3Y)+221.6%+156.8%+82.9%---
Profitability & leverage
Net income margin+10.9%+11.0%+4.4%+0.5%+1.0%+3.5%
Return on capital employed+27.6%+75.3%+16.3%+2.1%+4.5%+3.9%
Return on net worth+27.0%+84.1%+23.8%+2.5%+7.7%+32.9%
Debt / equity0.550.641.251.911.577.41
Long-term debt / equity0.200.401.211.901.577.41
Interest cover12.085.769.029.380.000.00
Efficiency & per share
Fixed asset turnover5.1111.5016.4915.6224.184.93
Inventory turnover1.943.084.634.196.283.18
Debtors turnover3.904.011.981.903.690.97
EPS (₹)10.7014.453.400.310.934.88
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)63.3124.1016.4012.1911.8814.88

To see the full year-wise statements and ratios of Teerth Gopicon Limited, buy the company report.

Board of directors of Teerth Gopicon Limited

Teerth Gopicon has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Maheshbhai Maganbhai KumbhaniManaging Director10 Oct 20197 Years 0 MonthsAs last reported
Chandrikaben Maheshbhai KumbhaniWhole-Time Director10 Oct 20197 Years 0 MonthsAs last reported
Pallav Mahesh KumbhaniDirector17 Feb 20215 Years 8 MonthsAs last reported
Bhavan TrivediDirector28 Oct 20232 Years 11 MonthsAs last reported
Rajnibhai Parshotambhai VekariyaDirector28 Oct 20232 Years 11 MonthsAs last reported

Peer comparison

Teerth Gopicon Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Teerth Gopicon Limitedthis company₹118.27 Cr (FY 2025)₹12.84 Cr10.9%12.7%Ahmedabad, Gujarat, India
Mahavir Civil Engineering and Services Private Limited₹105.41 Cr (FY 2025)147.0%Jalgaon, Maharashtra, India
Balwant Constructions Private Limited₹104.95 Cr (FY 2024)40.0%Ramgarh, Bihar, India
C K Infrastructures Limited₹104.94 Cr (FY 2025)56.0%New Delhi, Delhi, India

To see the full peer comparison of Teerth Gopicon Limited, buy the company report.

Charges & borrowings

Open charges
₹37.24 Cr
Satisfied charges
₹10 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹27.37 Cr
Others₹6.41 Cr
Canara Bank₹2.17 Cr
State Bank of India₹1.00 Cr
Tata Capital Housing Finance Limited₹0.29 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
15 Apr 2025101080877Hdfc Bank Limited₹9.98 LakhOpen
26 Mar 2025101080237Others₹11.56 LakhOpen
04 Feb 2025101051706Tata Capital Housing Finance Limited₹28.81 LakhOpen
04 Nov 2024100998467Hdfc Bank Limited₹20.77 LakhOpen
02 Jul 2024100949414Hdfc Bank Limited₹1.31 CrOpen

To see the full charge records of Teerth Gopicon Limited, buy the company report.

Total charge records: 19 View all charges

Deals & funding

Teerth Gopicon Limited has 4 deals on record (2 secondary share transfers, 1 ipo, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in April 2024.

Total deals
4
Secondary share transfers
2
IPO
1
Funding round
1
Disclosed funding
₹4 Cr

Deals on record (4 of 4)

WhenDealAmountParties
Apr 2024IPO₹44.4 CrInvestors: IPO Shareholders - Teerth Gopicon Limited
Mar 2024Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 4 individuals
Oct 2020Secondary share transferUndisclosedBuyer: 4 individuals
Seller: an individual
Jul 2020Funding round₹4 CrInvestors: 2 individuals

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 Teerth Gopicon Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Teerth Gopicon has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
24AAHCT5520G1ZJGujaratActive13 Nov 2019
23AAHCT5520G1ZLMadhya PradeshActive24 Dec 2019
22AAHCT5520G1ZNChhattisgarhActive16 Mar 2023

To see the full GST registrations and return filing status of Teerth Gopicon Limited, buy the company report.

Recent activity

Teerth Gopicon Limited has 10 board changes on record since 2019: 5 appointments and 5 cessations. The latest: Bhavan Trivedi ceased to be Director on 31 Oct 2023.

Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101080877 was registered on 15 Apr 2025.
Charges
A charge with Others amounted to Rs. 0.12 Cr with Charge ID 101080237 was registered on 26 Mar 2025.
Charges
A charge with Tata Capital Housing Finance Limited amounted to Rs. 0.29 Cr with Charge ID 101051706 was registered on 04 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.21 Cr with Charge ID 100998467 was registered on 04 Nov 2024.
AGM
Teerth Gopicon Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.31 Cr with Charge ID 100949414 was registered on 02 Jul 2024.
Charges
A charge registered on 23 Dec 2022 via Charge ID 100667213 with Others was fully satisfied on 20 Jun 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.75 Cr with Charge ID 100942130 was registered on 11 Jun 2024.
Charges
A charge with Others amounted to Rs. 1.45 Cr with Charge ID 100931850 was registered on 28 May 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 25.00 Cr with Charge ID 100919696 was registered on 03 May 2024.
Filing
Teerth Gopicon Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with State Bank Of India amounted to Rs. 1.00 Cr with Charge ID 100903468 was registered on 30 Mar 2024.

21 earlier events are in the company report.

Frequently asked questions

Teerth Gopicon is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.

Teerth Gopicon is a company under insolvency, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in buildings, within the construction industry. It was incorporated on 10 October 2019 and is registered under CIN L45209GJ2019PLC110249. Listed on NSE: TGL. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Teerth Gopicon reported revenue of ₹118.27 Cr for FY 2024-25 (up 12.7% YoY) based on consolidated financials.

Teerth Gopicon has 5 current directors:

The latest financial statements of Teerth Gopicon on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from FY 2020 are in the company report.

The CIN (Corporate Identification Number) of Teerth Gopicon is L45209GJ2019PLC110249. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Teerth Gopicon is listed on NSE with symbol TGL.

Teerth Gopicon has open charges of ₹37.24 Cr and satisfied charges of ₹10 Cr as per latest MCA filings.

Teerth Gopicon has 20 court cases on record: 7 filed by the company and 13 filed against it. 12 are pending. Most are in the district courts.

Teerth Gopicon was incorporated on 10 October 2019. It is registered with the Registrar of Companies, Ahmedabad.

Teerth Gopicon has 4 deals on record (2 secondary share transfers, 1 ipo, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in April 2024.