Vimal Coatings Ltd
About Vimal Coatings Ltd
Data last updated:
Vimal Coatings Ltd is a public limited company based in Mehsana, Gujarat, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 13 April 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24249GJ1992PLC017463. Its GSTIN is 24AABCV3429N1Z4 (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.65 Cr. It is led by directors including Payalben Jigarkumar Patel and Manubhai Manchandas 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 Plot No. 19 G.I.D.C. Estate Phase II Dediyasan, Mehsana, Gujarat, India – 384002.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.76 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹32.31 Lakh (net margin 77.4%) and EBITDA of ₹38.21 Lakh (EBITDA margin 91.5%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 119% over five years.
As per MCA filings, the company has satisfied charges of ₹17.1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No. 19 G.I.D.C. Estate Phase II Dediyasan, Mehsana, Gujarat, India – 384002
- IndustryMetals and Minerals, Mining & Mineral Extraction
- 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
- One PDF report, delivered after checkout
Business Activity of Vimal Coatings Ltd
The main business activity of Vimal Coatings is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| 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 Vimal Coatings Ltd FY 2025 filings available
Vimal Coatings Ltd reported revenue of ₹41.76 Lakh (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vimal Coatings Ltd
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 119%. EBITDA rose 29% 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 Vimal Coatings Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹38.21 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹32.31 Lakh | •••• | •••• | •••• | •••• |
| 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 Vimal Coatings Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 91.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 77.4% | •••• | •••• | •••• | •••• |
| 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 Vimal Coatings 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.
Peer Comparison of Vimal Coatings Ltd
Vimal Coatings Ltd is compared with the companies closest to it by revenue in the Metals and Minerals industry (Mining, Paints). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Unikon Paints Private Limited | ₹42.07 Lakh (FY 2019) | •••• | •••• | -66.0% | •••• | Hyderabad, Telangana, India |
| Dhanasree Sands Private Limited | ₹42.04 Lakh (FY 2021) | •••• | •••• | 3441.0% | •••• | Karur, Tamil Nadu, India |
| Vimal Paints Pvt Ltd | ₹41.96 Lakh (FY 2024) | •••• | •••• | 1.0% | •••• | Nagpur, Maharashtra, India |
| Jai Maa Jagdambe Minerals Private Limited | ₹41.96 Lakh (FY 2017) | •••• | •••• | -48.0% | •••• | New Delhi, Delhi, India |
| Himadri Coke & Petro Ltd. | ₹41.88 Lakh (FY 2018) | •••• | •••• | 119.0% | •••• | Kolkata, West Bengal, India |
| Vimal Coatings Ltd this company | ₹41.76 Lakh (FY 2025) | •••• | •••• | -25.0% | •••• | Mehsana, Gujarat, India |
| WRT (India) Fine Chemicals Private Limited | ₹41.72 Lakh (FY 2025) | •••• | •••• | 1.0% | •••• | Thane, Maharashtra, India |
| Perfect Marmo Grani Impex Private Limited | ₹41.66 Lakh (FY 2019) | •••• | •••• | -58.0% | •••• | Karnal, Haryana, India |
| A J Exim Private Limited | ₹41.64 Lakh (FY 2024) | •••• | •••• | -47.0% | •••• | Guwahati, Assam, India |
| Roots Mining Private Limited | ₹41.58 Lakh (FY 2021) | •••• | •••• | 25.0% | •••• | Bageshwar, Uttarakhand, India |
| Pirtimai Limestone Mine Private Limited | ₹41.57 Lakh (FY 2021) | •••• | •••• | •••• | Eastkhasihills, Meghalaya, India |
Peers are the five companies nearest above and the five nearest below Vimal Coatings by revenue in the Metals and Minerals industry (Mining, Paints), 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 Vimal Coatings Ltd
Vimal Coatings Ltd is audited by M. M. Salvi & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M. M. Salvi & 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.
Board of Directors of Vimal Coatings Ltd
Vimal Coatings has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Payalben Jigarkumar Patel | Director | 05 Jan 2023 | 3 Years 9 Months | Current |
| Manubhai Manchandas Patel Also directs: Mpys Infratech Private Limited | Director | 30 Sep 2019 | 7 Years 0 Months | Current |
| Jigarkumar Manubhai Patel Also directs: Mpys Infratech Private Limited | Director | 04 May 2019 | 7 Years 5 Months | Current |
Ownership and Shareholding of Vimal Coatings Ltd
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 Vimal Coatings Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Oct 2012 | Kotak Mahindra Bank Limited | ₹1.5 Cr | Satisfied |
| 08 Apr 2011 | The Mehsana Urban Co. Op. Bank Ltd | ₹5.5 Cr | Satisfied |
| 28 Jul 2009 | The Mehsana Urban Co-Operative Bank Limited | ₹2.25 Cr | Satisfied |
| 20 Apr 2009 | Bank of Baroda | ₹8.94 Lakh | Satisfied |
| 04 Apr 2007 | The Mehsana Urban Co-Operative Bank Limited | ₹5.18 Cr | Satisfied |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Vimal Coatings Ltd
Vimal Coatings Ltd has a workforce of 0 employees as of Apr 08, 2024.
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 Vimal Coatings Ltd
Vimal Coatings Ltd has 10 board changes on record since 2013: 3 appointments and 7 cessations. The latest: Payalben Jigarkumar Patel ceased to be Additional Director on 29 Sep 2023.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vimal Coatings Ltd
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 Vimal Coatings Ltd
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 Vimal Coatings Ltd
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 Vimal Coatings Ltd
Vimal Coatings has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCV3429N1Z4 | Gujarat | 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 Vimal Coatings Ltd
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 Vimal Coatings Ltd
Vimal Coatings is an active public limited company based in Mehsana, Gujarat, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 13 April 1992 (34+ years old) and is registered under CIN U24249GJ1992PLC017463.
Vimal Coatings reported revenue of ₹41.76 Lakh for FY 2025 (down 25% YoY).
Vimal Coatings has 3 current directors:
- Payalben Jigarkumar Patel - Director
- Manubhai Manchandas Patel - Director
- Jigarkumar Manubhai Patel - Director
Vimal Coatings reported a net profit of ₹32.31 Lakh (net margin 77.4%) and EBITDA of ₹38.21 Lakh (EBITDA margin 91.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vimal Coatings is 10% over three years and 119% over five years. In the latest year (FY 2025) revenue fell 25%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vimal Coatings is 24AABCV3429N1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Vimal Coatings is U24249GJ1992PLC017463. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vimal Coatings was incorporated on 13 April 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Vimal Coatings by revenue are Unikon Paints Private Limited, Dhanasree Sands Private Limited, Vimal Paints Pvt Ltd, Jai Maa Jagdambe Minerals Private Limited, Himadri Coke & Petro Ltd. and 5 more, all in the Metals and Minerals industry (Mining, Paints).
Payalben Jigarkumar Patel ceased to be Additional Director on 29 Sep 2023. Payalben Jigarkumar Patel was appointed as Director on 05 Jan 2023. Jigarkumar Manubhai Patel ceased to be Additional Director on 30 Sep 2019. Vimal Coatings has 10 board changes on record in total.
The registered office of Vimal Coatings is at Plot No. 19 G.I.D.C. Estate Phase II Dediyasan, Mehsana, Gujarat, India – 384002.