About Walplast Products Private Limited
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Walplast Products Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 25 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U14106MH2004PTC147149. Its GSTIN is 27AAACW5337R1ZN (Maharashtra). The company holds 18 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹3.69 Cr. It is led by directors Kaushal Ashok Mehta (Managing Director) and Ashok Nagardas Mehta.
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. A – 246 Ttc Industrial Area MIDC Mahape Navi Mumbai, Thane, Maharashtra, India – 400701.
As per the financials filed for FY 2025, the company reported a revenue of ₹272.77 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹5.86 Cr (net margin 2.1%) and EBITDA of ₹16.7 Cr (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 9% over five years.
The company has about 239 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Walplast Products. As per MCA filings, the company has open charges of ₹131.66 Cr and satisfied charges of ₹35.54 Cr on record. Court records list 117 cases involving the company, including 108 filed by the company and 9 filed against it; 62 cases are pending. The company has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹38 Lakh; the latest was in July 2023. Its 3 peer companies in the Manufacturing industry (Construction Materials), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 smaller; the largest is Pushpak Colour Roof (India) Private Limited with revenue of ₹271.85 Cr. The company has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 5 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website walplast.com.
Company details
Contact details
Walplast Products Private Limited's registered office is in Thane, Maharashtra. Its website is walplast.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. A – 246 Ttc Industrial Area MIDC Mahape Navi Mumbai, Thane, Maharashtra, India – 400701
- IndustryManufacturing, Construction Materials
To see the full contact details of Walplast Products Private 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
Walplast Products operates one associated brand: Walplast Products. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces construction materials including wall putty and adhesives. | walplast.com |
Business activity
The main business activity of Walplast Products 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 Walplast Products Private Limited, buy the company report.
Financials of Walplast Products Private Limited
FY 2025 filings availableWalplast Products Private Limited reported revenue of ₹272.77 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 127% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹16.7 Cr | ||||
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| Net Profit (PAT) | ₹5.86 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | 2.1% | ||||
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To see the full financial statements and ratios of Walplast Products Private Limited, buy the company report.
Board of directors of Walplast Products Private Limited
Walplast Products has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Nagardas Mehta Also directs: Drychem India Private Limited, Miraj Drymix Private Limited, Gypmix Private Limited and 4 more | Director | 25 Jun 2004 | 22 Years 4 Months | Current |
| Kaushal Ashok Mehta Also directs: Drychem India Private Limited, Miraj Drymix Private Limited, Gypmix Private Limited and 4 more | Managing Director | 25 Jun 2004 | 22 Years 4 Months | Current |
Peer comparison
Walplast Products Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Construction Materials), 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 |
|---|---|---|---|---|---|---|
| Walplast Products Private Limitedthis company | ₹272.77 Cr (FY 2025) | ₹5.86 Cr | 2.1% | -3.0% | 239 | Thane, Maharashtra, India |
| Pushpak Colour Roof (India) Private Limited | ₹271.85 Cr (FY 2025) | 0.0% | Pune, Maharashtra, India | |||
| Beardsell Limited | ₹269.59 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India | |||
| Alfa Peb Limited | ₹259.26 Cr (FY 2025) | 6.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Walplast Products Private Limited, buy the company report.
Auditor
Walplast Products Private Limited is audited by S Ramanand Aiyar & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S Ramanand Aiyar & Co. | FY 2024 | 000990N |
Shareholding
The shareholding of Walplast Products Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Walplast Products Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2026 | 101310760 | Others | ₹2.9 Cr | Open | |
| 20 Dec 2025 | 101217457 | Others | ₹5 Cr | Open | |
| 20 Dec 2025 | 101217469 | Others | ₹15 Cr | Open | |
| 14 Nov 2025 | 101205267 | Axis Bank Limited | ₹45 Cr | Open | |
| 07 Oct 2025 | 101184675 | Others | ₹1 Cr | Open |
To see the full charge records of Walplast Products Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Walplast Products Private Limited has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹38 Lakh; the latest was in July 2023.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Rights issue | ₹12.71 Cr | Investors: Drychem India Private Limited |
| May 2022 | Rights issue | ₹7 Cr | Investors: Drychem India Private Limited |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2007 | Funding round | ₹38 Lakh | Investors: Drychem India Private Limited , Ashok Nagardas Mehta HUF, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Walplast Products Private Limited has 117 court cases on record: 108 filed by Walplast Products, 9 filed against it. 62 cases are pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 104 | 2 | 59 |
| High courts | 11 | 5 | 3 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 117)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Ms Maitri Enterprises, Through Its Proprietor, Mr Vinay Kumar Sharma | Pending |
| Bombay High Court | Court case (NMCD) | Filed against the company by Ardex Endura (India) Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (COMIP) | Filed against the company by Ardex Endura (India) Pvt. Ltd. | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against M/S Bharat Paint House, Through Its Proprietor, Mr Mohammad Taharali Bohari | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against M/S Maa Durga Agency, Through Its Proprietor, Mr Pankaj Kumar Agarwal | Pending |
To see the full case history of Walplast Products Private 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.
Credit ratings & regulatory alerts
Walplast Products Private Limited was last rated by Icra on 07 Jan 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Jan 2021 |
To see the full credit ratings and regulatory alerts of Walplast Products Private Limited, buy the company report.
MSME payment delays
Walplast Products Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 5 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bowhead Innovative Concepts LLP | |||
| an individual supplier |
To see the full MSME payment records of Walplast Products Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Walplast Products has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Gypmix Private Limited | U26990MH2022PTC378668 |
To see the full group structure of Walplast Products Private Limited, buy the company report.
Employees & EPFO
Walplast Products Private Limited has a workforce of 239 employees on its EPFO records as of Nov 07, 2024, across 3 active EPFO establishments.
GST
Walplast Products has 18 GST registrations: 9 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW5337R1ZN | Maharashtra | Active | 01 Jul 2017 |
| 08AAACW5337R1ZN | Rajasthan | Active | 01 Jul 2017 |
| 22AAACW5337R1ZX | Chattisgarh | Active | 01 Jul 2017 |
| 22AAACW5337R3ZV | Chattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Walplast Products Private Limited, buy the company report.
Recent activity
Walplast Products Private Limited has 6 board changes on record since 2004: 2 appointments and 4 cessations. The latest: Bhavesh Chandra Chattopadhyaya ceased to be Director on 13 Jan 2019.
26 earlier events are in the company report.
News
Frequently asked questions
Walplast Products is an active private limited company based in Thane, Maharashtra, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 25 June 2004 (22+ years old) and is registered under CIN U14106MH2004PTC147149.
Walplast Products has 2 current directors:
- Kaushal Ashok Mehta - Managing Director
- Ashok Nagardas Mehta - Director
The latest financial statements of Walplast Products on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Walplast Products is 27AAACW5337R1ZN, registered in Maharashtra. The company has 18 GST registrations in all, of which 9 are active and 9 are cancelled or inactive. Other active GSTINs include 08AAACW5337R1ZN (Rajasthan), 22AAACW5337R1ZX (Chattisgarh), 22AAACW5337R3ZV (Chattisgarh).
The CIN (Corporate Identification Number) of Walplast Products is U14106MH2004PTC147149. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Walplast Products has 117 court cases on record: 108 filed by the company and 9 filed against it. 62 are pending. Most are in the district courts.
Walplast Products was incorporated on 25 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Walplast Products has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹38 Lakh; the latest was in July 2023.
The peers of Walplast Products by revenue are Pushpak Colour Roof (India) Private Limited, Beardsell Limited, Alfa Peb Limited, all in the Manufacturing industry (Construction Materials), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Bhavesh Chandra Chattopadhyaya ceased to be Director on 13 Jan 2019. Asha Ashok Mehta ceased to be Director on 15 Oct 2018. Atul Chandra Gautam ceased to be Additional Director on 30 Sep 2013. Walplast Products has 6 board changes on record in total.
Walplast Products has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 5 overdue payments to 2 micro and small suppliers. The latest return was filed on 04 Nov 2023.
Walplast Products can be reached through the website walplast.com. Its registered office is in Thane, Maharashtra, India.