About Vera Synthetic Limited
Data last updated:
Vera Synthetic Limited is a public limited company based in Bhavnagar, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 16 February 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L17110GJ2000PLC037369. Its GSTIN is 24AABCV3267A1ZR (Gujarat). It is a listed company as per MCA records. Its shares are listed on NSE: VERA.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹4.94 Cr. It was formerly known as Vera Synthetic Private Limited. It is led by directors including Sunilbhai Devjibhai Makwana (Managing Director) and Meera Sunil Makwana (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 2026. The registered office is at Office No.Ul – 27 Pattani Plaza Devubag Dairy Road, Bhavnagar, Gujarat, India – 364002.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹49.2 Cr, a growth of 16.7% compared to the previous year. For the same year it recorded a net profit of ₹3.08 Cr (net margin 6.3%) and EBITDA of ₹4.18 Cr (EBITDA margin 8.5%). The net worth stands at ₹26.49 Cr (up 15.4% YoY). Total assets are valued at ₹26.51 Cr (up 15.4% YoY).
The company has about 26 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vera Synthetic. As per MCA filings, the company has satisfied charges of ₹26.95 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sujlonropes.com.
Company details
Contact details
Vera Synthetic Limited's registered office is in Bhavnagar, Gujarat. Its website is sujlonropes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No.Ul – 27 Pattani Plaza Devubag Dairy Road, Bhavnagar, Gujarat, India – 364002
- IndustryManufacturing, Textile & Fabric Production, Plastic-Based Products
To see the full contact details of Vera Synthetic Limited, buy the company report.
- 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
Brands
Vera Synthetic operates one associated brand: Vera Synthetic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fishing accessories including nets and ropes are manufactured and distributed. | sujlonropes.com |
Business activity
The main business activity of Vera Synthetic is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Vera Synthetic Limited, buy the company report.
Financials of Vera Synthetic Limited
FY 2025-26 filings availableVera Synthetic Limited reported revenue of ₹49.2 Cr (up 16.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 49.20 | 42.16 | 39.38 | 40.88 | 34.98 | 28.10 | 33.40 |
| Revenue growth | +16.7% | +7.1% | -3.7% | +16.9% | +24.5% | -15.9% | - |
| EBITDA | 4.18 | 3.43 | 3.64 | 2.92 | 3.05 | 2.34 | 3.05 |
| EBITDA margin | +8.5% | +8.1% | +9.2% | +7.1% | +8.7% | +8.3% | +9.1% |
| Profit before tax | 4.73 | 2.74 | 2.45 | 2.44 | 2.64 | 2.62 | 2.36 |
| Net profit | 3.08 | 1.96 | 1.78 | 1.81 | 1.96 | 1.78 | 1.82 |
| Net profit margin | +6.3% | +4.7% | +4.5% | +4.4% | +5.6% | +6.3% | +5.5% |
| EPS (₹) | 7.15 | 4.11 | 3.64 | 3.69 | 3.99 | 3.76 | 3.76 |
| Balance sheet | |||||||
| Total assets | 26.51 | 22.98 | 20.93 | 20.26 | 19.00 | 17.17 | 14.88 |
| Net worth | 26.49 | 22.96 | 20.93 | 19.14 | 17.32 | 15.35 | 13.49 |
| Total debt | 0.03 | 0.03 | 0.00 | 1.13 | 1.68 | 1.82 | 1.40 |
| Cash & bank | 1.41 | 0.27 | 5.42 | 1.98 | 2.18 | 2.95 | 2.50 |
| Net working capital | 19.58 | 17.29 | 14.07 | 13.94 | 15.67 | 12.41 | 10.44 |
| Cash flow | |||||||
| Cash from operations | 4.48 | 0.13 | 5.71 | 4.04 | (1.33) | 1.23 | 1.47 |
| Cash from investing | (3.34) | (5.28) | (1.64) | (3.51) | 0.93 | (0.92) | (0.66) |
| Cash from financing | 0.00 | 5.37 | (0.64) | (0.73) | (0.37) | 0.14 | (0.65) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 49.20 | 42.16 | 39.38 | 40.88 | 34.98 | 28.10 | 33.40 |
| Revenue growth | +16.7% | +7.1% | -3.7% | +16.9% | +24.5% | -15.9% | - |
| Other income | 1.39 | 0.33 | 0.07 | 0.17 | 0.26 | 1.05 | 0.17 |
| Total expenses | 45.02 | 38.73 | 35.74 | 37.96 | 31.93 | 25.76 | 30.35 |
| Employee cost | 7.52 | 5.36 | 5.15 | 4.48 | 3.61 | 5.18 | 4.69 |
| EBITDA | 4.18 | 3.43 | 3.64 | 2.92 | 3.05 | 2.34 | 3.05 |
| EBITDA margin | +8.5% | +8.1% | +9.2% | +7.1% | +8.7% | +8.3% | +9.1% |
| Depreciation | 0.84 | 1.02 | 1.18 | 0.49 | 0.51 | 0.61 | 0.67 |
| Interest | 0.00 | 0.00 | 0.08 | 0.16 | 0.16 | 0.16 | 0.19 |
| Profit before tax | 4.73 | 2.74 | 2.45 | 2.44 | 2.64 | 2.62 | 2.36 |
| Tax | 1.20 | 0.71 | 0.67 | 0.63 | 0.68 | 0.75 | 0.52 |
| Net profit | 3.08 | 1.96 | 1.78 | 1.81 | 1.96 | 1.78 | 1.82 |
| Net profit margin | +6.3% | +4.7% | +4.5% | +4.4% | +5.6% | +6.3% | +5.5% |
| EPS (₹) | 7.15 | 4.11 | 3.64 | 3.69 | 3.99 | 3.76 | 3.76 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 |
| Reserves & surplus | 21.55 | 18.02 | 15.99 | 14.20 | 12.38 | 10.41 | 8.55 |
| Shareholders' funds (net worth) | 26.49 | 22.96 | 20.93 | 19.14 | 17.32 | 15.35 | 13.49 |
| Secured loans | 0.00 | 0.00 | 0.00 | 1.13 | 1.68 | 1.29 | 1.40 |
| Unsecured loans | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.53 | 0.00 |
| Total debt | 0.03 | 0.03 | 0.00 | 1.13 | 1.68 | 1.82 | 1.40 |
| Total liabilities | 26.51 | 22.98 | 20.93 | 20.26 | 19.00 | 17.17 | 14.88 |
| Assets | |||||||
| Gross block | 14.88 | 14.85 | 14.74 | 13.10 | 9.56 | 10.48 | 9.41 |
| Net block | 4.84 | 5.65 | 6.56 | 6.09 | 3.05 | 4.47 | 4.01 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 4.86 | 6.52 | 5.09 | 3.13 | 2.06 | 2.44 | 1.65 |
| Sundry debtors | 4.37 | 4.37 | 2.92 | 9.16 | 8.53 | 6.34 | 8.14 |
| Cash & bank balances | 1.41 | 0.27 | 5.42 | 1.98 | 2.18 | 2.95 | 2.50 |
| Loans & advances | 12.82 | 9.88 | 3.17 | 2.59 | 7.42 | 4.13 | 1.52 |
| Total current assets | 23.46 | 21.04 | 16.60 | 16.86 | 20.19 | 15.86 | 13.81 |
| Total current liabilities | 3.88 | 3.75 | 2.53 | 2.92 | 4.52 | 3.45 | 3.37 |
| Net working capital | 19.58 | 17.29 | 14.07 | 13.94 | 15.67 | 12.41 | 10.44 |
| Total assets | 26.51 | 22.98 | 20.93 | 20.26 | 19.00 | 17.17 | 14.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.27 | 0.05 | 1.98 | 2.18 | 2.95 | 2.50 | 2.35 |
| Net cash from operating activities | 4.48 | 0.13 | 5.71 | 4.04 | (1.33) | 1.23 | 1.47 |
| Net cash from investing activities | (3.34) | (5.28) | (1.64) | (3.51) | 0.93 | (0.92) | (0.66) |
| Net cash from financing activities | 0.00 | 5.37 | (0.64) | (0.73) | (0.37) | 0.14 | (0.65) |
| Net change in cash | 1.14 | 0.22 | 3.44 | (0.20) | (0.77) | 0.45 | 0.16 |
| Closing cash | 1.41 | 0.27 | 5.42 | 1.98 | 2.18 | 2.95 | 2.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +16.7% | +7.1% | -3.7% | +16.9% | +24.5% | -15.9% | - |
| EBITDA growth | +21.9% | -5.8% | +24.7% | -4.3% | +30.3% | -23.3% | - |
| PBT growth | +72.6% | +11.8% | +0.4% | -7.6% | +0.8% | +11.0% | +19.2% |
| Net income growth | +57.1% | +10.1% | -1.7% | -7.7% | +10.1% | -2.2% | - |
| Revenue CAGR (3Y) | +6.4% | +6.4% | +11.9% | +7.0% | +0.9% | +8.1% | +21.9% |
| EBITDA CAGR (3Y) | +12.7% | +4.0% | +15.9% | -1.4% | +4.0% | +1.0% | +47.0% |
| Profitability & leverage | |||||||
| Net income margin | +7.2% | +4.8% | +4.5% | +4.4% | +5.6% | +6.7% | +5.5% |
| Return on capital employed | +19.1% | +12.5% | +12.3% | +13.3% | +15.5% | +17.3% | +18.1% |
| Return on net worth | +14.3% | +9.3% | +9.0% | +10.0% | +12.1% | +12.9% | +14.7% |
| Debt / equity | 0.00 | 0.00 | 0.03 | 0.08 | 0.11 | 0.11 | 0.13 |
| Long-term debt / equity | 0.00 | 0.00 | 0.01 | 0.04 | 0.07 | 0.08 | 0.10 |
| Interest cover | 0.00 | 0.00 | 3.25 | 6.58 | 6.30 | 9.25 | 7.98 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.31 | 2.85 | 2.83 | 3.59 | 3.49 | 2.83 | 3.68 |
| Inventory turnover | 8.65 | 7.26 | 9.58 | 15.69 | 15.55 | 13.74 | 33.07 |
| Debtors turnover | 11.26 | 11.57 | 6.52 | 4.60 | 4.70 | 3.88 | 4.23 |
| EPS (₹) | 7.15 | 4.11 | 3.64 | 3.69 | 3.99 | 3.76 | 3.76 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 53.66 | 46.51 | 42.41 | 38.77 | 35.08 | 31.09 | 27.33 |
To see the full year-wise statements and ratios of Vera Synthetic Limited, buy the company report.
Board of directors of Vera Synthetic Limited
Vera Synthetic has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bansari Parinbhai Shah | Director | 17 Feb 2020 | 6 Years 8 Months | Current |
| Devjibhai Premjibhai Makwana | Director | 07 Aug 2017 | 9 Years 2 Months | Current |
| Sunilbhai Devjibhai Makwana Also directs: Macfil Industries Private Limited, Macfil Global Private Limited, Vera Global Trade Private Limited and 1 more | Managing Director | 25 Apr 2016 | 10 Years 6 Months | Current |
| Meera Sunil Makwana Also directs: Vera Global Trade Private Limited | Whole-Time Director | 26 Oct 2018 | 8 Years 0 Months | Current |
| Ashish Ramniklal Somani | Director | 30 Sep 2025 | 1 Years 0 Months | Current |
| Bharatbhai Labhubhai Gadhavi Also directs: Infinix Nets LLP, Sunil Shipbreaking Private Limited | Director | 30 Sep 2025 | 1 Years 0 Months | Current |
Auditor
Vera Synthetic Limited is audited by NIRAV PATEL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIRAV PATEL & CO | FY 2023 | 134617W |
Shareholding
Shareholding for the quarter ended Jun 2026: promoters hold 68.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 31.30%.
| Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|
| Promoters | 68.70% | 68.70% | 68.70% |
| Public | 31.30% | 31.30% | 31.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Apr 2014 | 10489655 | State Bank of India | ₹10.64 Cr | Satisfied | |
| 12 Oct 2011 | 10315546 | Canara Bank | ₹4.16 Cr | Satisfied | |
| 31 Mar 2011 | 10280097 | State Bank of India | ₹4.57 Cr | Satisfied | |
| 19 May 2010 | 10226712 | Idbi Bank Limited | ₹3.64 Cr | Satisfied | |
| 19 Mar 2009 | 10149941 | Bank of Baroda | ₹1.72 Cr | Satisfied |
To see the full charge records of Vera Synthetic Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving Vera Synthetic Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Vera Synthetic Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 38 overdue payments to 13 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 (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| J Himatlal & Co. | |||
| Jay Traders | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Vera Synthetic Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Vera Synthetic has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCV3267A1ZR | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vera Synthetic Limited, buy the company report.
Recent activity
Vera Synthetic Limited has 18 board changes on record since 2006: 12 appointments and 6 cessations. The latest: Ashish Ramniklal Somani was appointed as Director on 30 Sep 2025.
26 earlier events are in the company report.
Frequently asked questions
Vera Synthetic is an active public limited company based in Bhavnagar, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 16 February 2000 (26+ years old) and is registered under CIN L17110GJ2000PLC037369. Listed on NSE: VERA.
Vera Synthetic reported revenue of ₹49.2 Cr for FY 2025-26 (up 16.7% YoY) based on standalone financials.
Vera Synthetic has 6 current directors:
- Sunilbhai Devjibhai Makwana - Managing Director
- Meera Sunil Makwana - Whole-Time Director
- Bansari Parinbhai Shah - Director
- Devjibhai Premjibhai Makwana - Director
- Ashish Ramniklal Somani - Director
- Bharatbhai Labhubhai Gadhavi - Director
The latest financial statements of Vera Synthetic on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vera Synthetic is 24AABCV3267A1ZR, registered in Gujarat.
The CIN (Corporate Identification Number) of Vera Synthetic is L17110GJ2000PLC037369. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vera Synthetic is a listed company as per MCA records. Its shares are listed on NSE (symbol: VERA).
Vera Synthetic was incorporated on 16 February 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashish Ramniklal Somani was appointed as Director on 30 Sep 2025. Bharatbhai Labhubhai Gadhavi was appointed as Director on 30 Sep 2025. Dineshbhai Manilal Patel ceased to be Director on 30 Sep 2025. Vera Synthetic has 18 board changes on record in total.
Vera Synthetic has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 38 overdue payments to 13 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Vera Synthetic can be reached through the website sujlonropes.com. Its registered office is in Bhavnagar, Gujarat, India.