- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-10-0000520

About Vigor Plast India Limited
Data last updated:
Vigor Plast India Limited is a public limited company based in Jamnagar, Gujarat, India. It operates in the fittings and components segment of the manufacturing sector. It was incorporated on 30 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25190GJ2014PLC078525. Its GSTIN is 24AAECV7222L1Z6 (Gujarat). It is a listed company as per MCA records. Its shares are listed on NSE: VIGOR.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹10.35 Cr. It is led by directors including Jayesh Premjibhai Kathiriya (Managing Director) and Rajesh Premjibhai Kathiriya (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Survey No. 640/3 Behind Gujarat Gas Cng Pump Godown Zone Lalpur Road Dared Village, : Chela, Jamnagar, Gujarat, India – 361006.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹65.85 Cr, a growth of 44.5% compared to the previous year. For the same year it recorded a net profit of ₹9.15 Cr (net margin 13.9%) and EBITDA of ₹18.29 Cr (EBITDA margin 27.8%). The net worth stands at ₹40 Cr (up 208.6% YoY). Total assets are valued at ₹46.53 Cr (up 51.7% YoY).
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.24 Cr and satisfied charges of ₹36.02 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it. The company has 1 deal on record (1 ipo); the latest was in September 2025. Its 4 peer companies in the Manufacturing industry (Fittings, Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Suresh Steel Tubes Private Limited with revenue of ₹46.17 Cr.
Vigor Plast India Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-10-0000520). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vigorplastindia.in.
Company details
CIN history
Vigor Plast India has one previous CIN (Corporate Identification Number): U25190GJ2014PTC078525. The current CIN is U25190GJ2014PLC078525, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25190GJ2014PLC078525 | Current |
| U25190GJ2014PTC078525 | Previous |
Recognitions & Rankings of Vigor Plast India
Contact details
Vigor Plast India Limited's registered office is in Jamnagar, Gujarat.
- Apps
- Registered AddressSurvey No. 640/3 Behind Gujarat Gas Cng Pump Godown Zone Lalpur Road Dared Village, : Chela, Jamnagar, Gujarat, India – 361006
- IndustryManufacturing, Fittings & Components, Pipe & Tubes
- 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
Business activity
The main business activity of Vigor Plast India 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 Vigor Plast India Limited, buy the company report.
Financials of Vigor Plast India Limited
FY 2025-26 filings availableVigor Plast India Limited reported revenue of ₹65.85 Cr (up 44.5% 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 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 65.85 | 45.58 | 42.48 | 37.28 | 32.40 |
| Revenue growth | +44.5% | +7.3% | +14.0% | +15.1% | - |
| EBITDA | 18.29 | 12.16 | 7.56 | 3.09 | 2.87 |
| EBITDA margin | +27.8% | +26.7% | +17.8% | +8.3% | +8.9% |
| Profit before tax | 12.18 | 6.88 | 4.14 | 0.35 | 0.44 |
| Net profit | 9.15 | 5.18 | 2.94 | 0.30 | 0.29 |
| Net profit margin | +13.9% | +11.4% | +6.9% | +0.8% | +0.9% |
| EPS (₹) | 8.81 | 6.60 | 58.58 | 5.97 | 6.03 |
| Balance sheet | |||||
| Total assets | 46.53 | 30.68 | 26.28 | 13.00 | 14.11 |
| Net worth | 40.00 | 12.96 | 4.57 | 1.64 | 1.35 |
| Total debt | 6.53 | 17.72 | 21.56 | 11.29 | 12.67 |
| Cash & bank | 3.74 | 0.01 | 0.01 | 0.24 | 0.01 |
| Net working capital | 15.44 | 1.78 | 5.69 | 1.25 | 2.65 |
| Cash flow | |||||
| Cash from operations | 5.03 | 14.48 | 1.97 | 4.58 | (0.75) |
| Cash from investing | (6.86) | (12.11) | (11.49) | (2.09) | (1.16) |
| Cash from financing | 5.57 | (2.36) | 9.29 | (2.27) | 1.92 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.49 | 20.72 | 16.88 | 16.89 | 11.36 | 11.72 | 11.09 | 10.96 |
| Revenue growth (YoY) | +54.0% | +76.8% | +52.2% | +54.1% | -4.1% | - | - | - |
| Other income | 0.00 | 0.02 | 0.02 | 0.00 | 0.01 | 0.31 | 0.03 | 0.02 |
| Total expenses | 13.06 | 15.69 | 12.14 | 11.88 | 7.86 | 8.41 | 8.24 | 8.27 |
| EBITDA | 4.43 | 5.03 | 4.74 | 5.01 | 3.50 | 3.31 | 2.85 | 2.69 |
| EBITDA margin | +25.3% | +24.3% | +28.1% | +29.7% | +30.8% | +28.2% | +25.7% | +24.5% |
| Depreciation | 1.12 | 1.22 | 1.32 | 1.31 | 0.91 | 1.18 | 0.77 | 0.98 |
| Interest | 0.24 | 0.25 | 0.25 | 0.45 | 0.43 | 0.53 | 0.43 | 0.43 |
| Profit before tax | 3.07 | 3.58 | 3.19 | 3.25 | 2.17 | 1.91 | 1.68 | 1.30 |
| Tax | 0.77 | 0.74 | 0.95 | 0.84 | 0.52 | 0.47 | 0.40 | 0.32 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.49 | 20.72 | 16.88 | 16.89 | 11.36 | 11.72 | 11.09 | 10.96 |
| Revenue growth (YoY) | +54.0% | +76.8% | +52.2% | +54.1% | -4.1% | - | - | - |
| Other income | 0.00 | 0.02 | 0.02 | 0.00 | 0.01 | 0.31 | 0.03 | 0.02 |
| Total expenses | 13.06 | 15.69 | 12.14 | 11.88 | 7.86 | 8.41 | 8.24 | 8.27 |
| EBITDA | 4.43 | 5.03 | 4.74 | 5.01 | 3.50 | 3.31 | 2.85 | 2.69 |
| EBITDA margin | +25.3% | +24.3% | +28.1% | +29.7% | +30.8% | +28.2% | +25.7% | +24.5% |
| Depreciation | 1.12 | 1.22 | 1.32 | 1.31 | 0.91 | 1.18 | 0.77 | 0.98 |
| Interest | 0.24 | 0.25 | 0.25 | 0.45 | 0.43 | 0.53 | 0.43 | 0.43 |
| Profit before tax | 3.07 | 3.58 | 3.19 | 3.25 | 2.17 | 1.91 | 1.68 | 1.30 |
| Tax | 0.77 | 0.74 | 0.95 | 0.84 | 0.52 | 0.47 | 0.40 | 0.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 65.85 | 45.58 | 42.48 | 37.28 | 32.40 |
| Revenue growth | +44.5% | +7.3% | +14.0% | +15.1% | - |
| Other income | 0.04 | 0.44 | 0.04 | 0.10 | 0.23 |
| Total expenses | 47.56 | 33.42 | 34.92 | 34.19 | 29.53 |
| Employee cost | 2.46 | 2.48 | 2.21 | 1.63 | 1.83 |
| EBITDA | 18.29 | 12.16 | 7.56 | 3.09 | 2.87 |
| EBITDA margin | +27.8% | +26.7% | +17.8% | +8.3% | +8.9% |
| Depreciation | 4.77 | 3.91 | 2.47 | 1.96 | 1.86 |
| Interest | 1.38 | 1.81 | 0.99 | 0.88 | 0.80 |
| Profit before tax | 12.18 | 6.88 | 4.14 | 0.35 | 0.44 |
| Tax | 3.07 | 1.70 | 1.20 | 0.05 | 0.15 |
| Net profit | 9.15 | 5.18 | 2.94 | 0.30 | 0.29 |
| Net profit margin | +13.9% | +11.4% | +6.9% | +0.8% | +0.9% |
| EPS (₹) | 8.81 | 6.60 | 58.58 | 5.97 | 6.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 10.35 | 7.85 | 0.50 | 0.50 | 0.50 |
| Reserves & surplus | 29.65 | 5.11 | 4.07 | 1.14 | 0.85 |
| Shareholders' funds (net worth) | 40.00 | 12.96 | 4.57 | 1.64 | 1.35 |
| Secured loans | 6.53 | 17.72 | 22.51 | 8.62 | 10.21 |
| Unsecured loans | 0.00 | 0.00 | (0.95) | 2.67 | 2.46 |
| Total debt | 6.53 | 17.72 | 21.56 | 11.29 | 12.67 |
| Total liabilities | 46.53 | 30.68 | 26.28 | 13.00 | 14.11 |
| Assets | |||||
| Gross block | 30.02 | 27.85 | 23.43 | 15.88 | 13.54 |
| Net block | 30.02 | 27.85 | 15.74 | 10.67 | 10.28 |
| Capital work in progress | 1.06 | 0.00 | 3.01 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 17.86 | 8.79 | 8.63 | 4.63 | 5.56 |
| Sundry debtors | 6.17 | 1.93 | 2.94 | 2.51 | 2.30 |
| Cash & bank balances | 3.74 | 0.01 | 0.01 | 0.24 | 0.01 |
| Loans & advances | 1.92 | 0.41 | 3.23 | 0.66 | 0.86 |
| Total current assets | 29.69 | 11.14 | 14.81 | 8.04 | 8.73 |
| Total current liabilities | 14.25 | 9.36 | 9.12 | 6.79 | 6.08 |
| Net working capital | 15.44 | 1.78 | 5.69 | 1.25 | 2.65 |
| Total assets | 46.53 | 30.68 | 26.28 | 13.00 | 14.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 0.01 | 0.01 | 0.24 | 0.01 | 0.00 |
| Net cash from operating activities | 5.03 | 14.48 | 1.97 | 4.58 | (0.75) |
| Net cash from investing activities | (6.86) | (12.11) | (11.49) | (2.09) | (1.16) |
| Net cash from financing activities | 5.57 | (2.36) | 9.29 | (2.27) | 1.92 |
| Net change in cash | 3.73 | 0.00 | (0.23) | 0.22 | 0.01 |
| Closing cash | 3.74 | 0.01 | 0.01 | 0.24 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +44.5% | +7.3% | +14.0% | +15.1% | - |
| EBITDA growth | +50.4% | +60.9% | +144.7% | +7.7% | - |
| PBT growth | +77.0% | +66.2% | +1082.9% | -20.5% | +9997.0% |
| Net income growth | +76.6% | +76.2% | +880.0% | +3.5% | - |
| Revenue CAGR (3Y) | +20.9% | +12.1% | - | - | - |
| EBITDA CAGR (3Y) | +80.9% | +61.8% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +13.8% | +11.4% | +6.9% | +0.8% | +0.9% |
| Return on capital employed | +35.1% | +30.5% | +26.1% | +9.1% | +8.9% |
| Return on net worth | +34.4% | +59.1% | +94.4% | +20.1% | +22.2% |
| Debt / equity | 0.46 | 2.24 | 5.29 | 8.02 | 9.39 |
| Long-term debt / equity | 0.25 | 1.15 | 2.16 | 2.27 | 2.96 |
| Interest cover | 10.21 | 21.94 | 19.45 | 77.88 | 79.21 |
| Efficiency & per share | |||||
| Fixed asset turnover | 2.28 | 1.78 | 2.16 | 2.53 | 2.39 |
| Inventory turnover | 4.94 | 5.23 | 6.41 | 7.32 | 5.83 |
| Debtors turnover | 16.26 | 18.72 | 15.59 | 15.50 | 14.09 |
| EPS (₹) | 8.81 | 6.60 | 58.58 | 5.97 | 6.03 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 38.64 | 16.50 | 91.31 | 32.73 | 27.07 |
To see the full year-wise statements and ratios of Vigor Plast India Limited, buy the company report.
Board of directors and KMP of Vigor Plast India Limited
Vigor Plast India Limited currently reports 8 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nimesh Naginbhai Rajput Also directs: Focus Enabling Private Limited | Director | 30 Nov 2024 | 1 Years 11 Months | Current |
| Jashvantiben Rajeshbhai Kathiriya | Director | 26 Apr 2019 | 7 Years 6 Months | Current |
| Nitaben Jayeshbhai Kathiriya | Director | 26 Apr 2019 | 7 Years 6 Months | Current |
| Jayesh Premjibhai Kathiriya Also directs: Dared Estate Infrastructure Development Federation | Managing Director | 30 Jan 2014 | 12 Years 9 Months | Current |
| Premjibhai Dayabhai Kathiria | Director | 30 Jan 2014 | 12 Years 9 Months | Current |
| Rajesh Premjibhai Kathiriya | Whole-Time Director | 30 Jan 2014 | 12 Years 9 Months | Current |
Peer comparison
Vigor Plast India Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Fittings, Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vigor Plast India Limitedthis company | ₹65.85 Cr (FY 2026) | ₹9.15 Cr | 13.9% | 44.5% | Jamnagar, Gujarat, India | |
| Suresh Steel Tubes Private Limited | ₹46.17 Cr (FY 2025) | -10.0% | Anekal Tk. Bangalore, Karnataka, India | |||
| Falcon Pipes Industries Private Limited | ₹46.09 Cr (FY 2025) | -25.0% | Dhar, Madhya Pradesh, India | |||
| Alstone Green India Private Limited | ₹45.96 Cr (FY 2024) | 13.0% | Kotputli, Rajasthan, India | |||
| Sagarasia Aluminium Structures Private Limited | ₹45.67 Cr (FY 2025) | 637.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Vigor Plast India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2025 | 101175163 | Others | ₹3.25 Cr | Open | |
| 16 Oct 2025 | 101168448 | Others | ₹2 Cr | Open | |
| 06 Nov 2023 | 100821112 | Others | ₹4.99 Cr | Open | |
| 30 Nov 2024 | 101007150 | Others | ₹2.6 Cr | Satisfied | |
| 23 Sep 2024 | 100976705 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Vigor Plast India Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Vigor Plast India Limited has 1 deal on record (1 ipo); the latest was in September 2025.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | IPO | ₹25.1 Cr | Investors: Silver Stride India Global Fund, Nova Global Opportunities Fund, Venus Investments VCC Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vigor Plast India Limited has 4 court cases on record: 2 filed by Vigor Plast India, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (3701-Property Tax : Property Tax) | Filed by the company against Jamnagar Municipal Corporation and 1 other | Disposed |
| High Court, MAHARASHTRA | Court case (COMIP) | Filed against the company by Prince Pipes and Fittings Limited | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Jamnagar Municipal Corporation | Disposed |
| District court, Jamnagar, Gujarat | Court case (WC NFATAL L) | Filed against the company by an individual | Disposed |
To see the full case history of Vigor Plast India Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vigor Plast India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vigor Plast India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECV7222L1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vigor Plast India Limited, buy the company report.
Recent activity
Vigor Plast India Limited has 16 board changes on record since 2014: 9 appointments and 7 cessations. The latest: Ajay Kumar Agrawal was appointed as Company Secretary on 30 Dec 2024.
38 earlier events are in the company report.
Frequently asked questions
Vigor Plast India is an active public limited company based in Jamnagar, Gujarat, India. The company works in fittings and components, within the manufacturing industry. It was incorporated on 30 January 2014 (12+ years old) and is registered under CIN U25190GJ2014PLC078525. Listed on NSE: VIGOR.
Vigor Plast India reported revenue of ₹65.85 Cr for FY 2025-26 (up 44.5% YoY) based on standalone financials.
Vigor Plast India has 9 current directors and KMP:
- Jayesh Premjibhai Kathiriya - Managing Director
- Rajesh Premjibhai Kathiriya - Whole-Time Director
- Nimesh Naginbhai Rajput - Director
- Jashvantiben Rajeshbhai Kathiriya - Director
- Nitaben Jayeshbhai Kathiriya - Director
- Premjibhai Dayabhai Kathiria - Director
- Sumit Rameshbhai Gosrani - Director
- Mahesh Busa - Director
- Ajay Kumar Agrawal - Company Secretary
The latest financial statements of Vigor Plast India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vigor Plast India is 24AAECV7222L1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Vigor Plast India is U25190GJ2014PLC078525. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vigor Plast India is a listed company as per MCA records. Its shares are listed on NSE (symbol: VIGOR).
Vigor Plast India has 4 court cases on record: 2 filed by the company and 2 filed against it. Most are in the high courts.
Vigor Plast India was incorporated on 30 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vigor Plast India has 1 deal on record (1 ipo); the latest was in September 2025.
The peers of Vigor Plast India by revenue are Suresh Steel Tubes Private Limited, Falcon Pipes Industries Private Limited, Alstone Green India Private Limited, Sagarasia Aluminium Structures Private Limited, all in the Manufacturing industry (Fittings, Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).

