Utkal Stonex Private Limited
About Utkal Stonex Private Limited
Data last updated:
Utkal Stonex Private Limited is a private limited company based in Balasore, Odisha, India. It operates in the jewellery segment of the musical instruments sector. It was incorporated on 17 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U14102OR2005PTC008164. Its GSTIN is 21AAACU8354L1Z6 (Odisha).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Ratilal Patel (Managing Director) and Basantalal Patel.
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 At: Ganeswarpur Po: Januganj, Balasore, Odisha, India – 756019.
As per the financials filed for FY 2024, the company reported a revenue of ₹38 Lakh, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹50,341 (net margin 1.3%) and EBITDA of ₹2.78 Lakh (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹54 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressAt: Ganeswarpur Po: Januganj, Balasore, Odisha, India – 756019
- IndustryMusical Instruments, Jewellery, Manufacturing, Musical Instrument, Sports Goods
- 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 Utkal Stonex Private Limited
The main business activities of Utkal Stonex are manufacturing and real estate. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and real estate activities with own or leased property. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Utkal Stonex Private Limited FY 2025 filings available
Utkal Stonex Private Limited reported revenue of ₹38 Lakh (up 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Utkal Stonex Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 15% growth in the latest year. EBITDA rose 196% 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 Utkal Stonex 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 | ₹2.78 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹50,341 | •••• | •••• | •••• | •••• |
| 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 Utkal Stonex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 Utkal Stonex 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.
Board of Directors of Utkal Stonex Private Limited
Utkal Stonex has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Basantalal Patel | Director | 26 Nov 2005 | 20 Years 10 Months | Current |
| Yogesh Patel | Director | 26 Nov 2005 | 20 Years 10 Months | Current |
| Madhavjee Patel | Director | 17 May 2005 | 21 Years 5 Months | Current |
| Ratilal Patel Also directs: Neelachal Concrete Products Pvt Ltd | Managing Director | 17 May 2005 | 21 Years 5 Months | Current |
Peer Comparison of Utkal Stonex Private Limited
Utkal Stonex Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sahasra Interior Solutions Private Limited | ₹38.04 Lakh (FY 2024) | •••• | •••• | 5.0% | •••• | Kakinada, Andhra Pradesh, India |
| Maricon Designer Pavers Private Limited | ₹38.02 Lakh (FY 2024) | •••• | •••• | 105.0% | •••• | Kottayam, Kerala, India |
| Viya Gold Private Limited | ₹38.02 Lakh (FY 2025) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| Gain Sheet Metal Private Limited | ₹38.02 Lakh (FY 2025) | •••• | •••• | 769.0% | •••• | Salboni, West Bengal, India |
| Platinae Anchorage Private Limited | ₹38 Lakh (FY 2025) | •••• | •••• | -2.0% | •••• | Noida, Uttar Pradesh, India |
| Utkal Stonex Private Limited this company | ₹38 Lakh (FY 2024) | •••• | •••• | 15.0% | •••• | Balasore, Odisha, India |
| Bello Jewels Private Limited | ₹37.95 Lakh (FY 2021) | •••• | •••• | 36.0% | •••• | New Delhi, Delhi, India |
| Hearsight Audio Vision Private Limited | ₹37.89 Lakh (FY 2025) | •••• | •••• | 2148.0% | •••• | Coimbatore, Tamil Nadu, India |
| Dias Products Private Limited | ₹37.85 Lakh (FY 2023) | •••• | •••• | 4.0% | •••• | Noida, Uttar Pradesh, India |
| Mirakin Enterprises Private Limited | ₹37.79 Lakh (FY 2025) | •••• | •••• | 135.0% | •••• | New Delhi, Delhi, India |
| Snow Shine Wall Putty Private Limited | ₹37.78 Lakh (FY 2024) | •••• | •••• | -39.0% | •••• | Bhilwara, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Utkal Stonex by revenue in the same principal business activity (Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), 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 Utkal Stonex Private Limited
Utkal Stonex Private Limited is audited by N. Jatania & Co for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N. Jatania & 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.
Ownership and Shareholding of Utkal Stonex 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 Utkal Stonex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Dec 2005 | United Bank of India | ₹54 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Utkal Stonex Private Limited
Employment history and EPFO contributions of people linked to Utkal Stonex.
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 Utkal Stonex Private Limited
Utkal Stonex Private Limited has 4 board changes on record since 2005: 4 appointments. The latest: Basantalal Patel was appointed as Director on 26 Nov 2005.
Credit Ratings, Litigation & Regulatory Alerts for Utkal Stonex 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 Utkal Stonex 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 Utkal Stonex 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 Utkal Stonex Private Limited
Utkal Stonex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACU8354L1Z6 | Odisha | 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 Utkal Stonex 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 Utkal Stonex Private Limited
Utkal Stonex is an active private limited company based in Balasore, Odisha, India. The company works in jewellery, within the musical instruments industry. It was incorporated on 17 May 2005 (21+ years old) and is registered under CIN U14102OR2005PTC008164.
Utkal Stonex reported revenue of ₹38 Lakh for FY 2024 (up 15% YoY).
Utkal Stonex has 4 current directors:
- Ratilal Patel - Managing Director
- Basantalal Patel - Director
- Yogesh Patel - Director
- Madhavjee Patel - Director
Utkal Stonex reported a net profit of ₹50,341 (net margin 1.3%) and EBITDA of ₹2.78 Lakh (EBITDA margin 7.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Utkal Stonex is 9% over three years and 1% over five years. In the latest year (FY 2024) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Utkal Stonex is 21AAACU8354L1Z6, registered in Odisha.
The CIN (Corporate Identification Number) of Utkal Stonex is U14102OR2005PTC008164. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Utkal Stonex was incorporated on 17 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Utkal Stonex by revenue are Sahasra Interior Solutions Private Limited, Maricon Designer Pavers Private Limited, Viya Gold Private Limited, Gain Sheet Metal Private Limited, Platinae Anchorage Private Limited and 5 more, all in the same principal business activity (Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Basantalal Patel was appointed as Director on 26 Nov 2005. Yogesh Patel was appointed as Director on 26 Nov 2005. Madhavjee Patel was appointed as Director on 17 May 2005. Utkal Stonex has 4 board changes on record in total.
The registered office of Utkal Stonex is at At: Ganeswarpur Po: Januganj, Balasore, Odisha, India – 756019.