About Windsor Refractories Ltd
Data last updated:
Windsor Refractories Ltd is a public limited company based in Mumbai, Maharashtra, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 31 March 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U26920MH1986PLC039412. Its GSTIN is 27AAACW1444P1ZZ (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Windsor Refractories Pvt Ltd. It is led by directors including Prajna Shravan Shetty (Managing Director) and Suraj Sadanand Shetty.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B 201 Rustomjee Central Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹75.33 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹4.28 Cr (net margin 5.7%) and EBITDA of ₹7.96 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹31 Cr and satisfied charges of ₹17.74 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 refshape.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB 201 Rustomjee Central Park Chakala Andheri – Kurla Road Andheri (Ea, St), Mumbai, Maharashtra, India – 400069
- IndustryEngineering, Procurement & Construction (EPC), Engineering
- 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 Windsor Refractories Ltd
The main business activity of Windsor Refractories is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Windsor Refractories Ltd FY 2024 filings available
Windsor Refractories Ltd reported revenue of ₹75.33 Cr (up 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Windsor Refractories Ltd
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 46% growth in the latest year. EBITDA rose 25% 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 Windsor Refractories 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 | ₹7.96 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.28 Cr | •••• | •••• | •••• | •••• |
| 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 Windsor Refractories Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.7% | •••• | •••• | •••• | •••• |
| 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 Windsor Refractories 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 Windsor Refractories Ltd
Windsor Refractories Ltd is compared with the companies closest to it by revenue in the Engineering industry (Engineering Procurement and Construction). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Steelon Building Systems Private Limited | ₹76.09 Cr (FY 2025) | •••• | •••• | -40.0% | •••• | Ahmedabad, Gujarat, India |
| Atr Infraprojects Private Limited | ₹76.04 Cr (FY 2024) | •••• | •••• | 97.0% | •••• | Nashik, Maharashtra, India |
| Nauvata Energy Transition Enterprise Private Limited | ₹76.03 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Bangalore, Karnataka, India |
| Jika Epc Services Limited | ₹75.79 Cr (FY 2025) | •••• | •••• | 270.0% | •••• | Thane, Maharashtra, India |
| Ecofuel EV Charging Technologies Private Limited | ₹75.34 Cr (FY 2025) | •••• | •••• | 657.0% | •••• | Gurgaon, Haryana, India |
| Windsor Refractories Ltd this company | ₹75.33 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Mumbai, Maharashtra, India |
| Eisenbahn Technik Private Limited | ₹74.95 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Kolkata, West Bengal, India |
| Lanco Infratech Limited | ₹74.32 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Hyderabad, Telangana, India |
| KTMS Design and Engineering Private Limited | ₹73.97 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Pune, Maharashtra, India |
| DBM Vircon Services (India) Private Limited | ₹73.97 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Chennai, Tamil Nadu, India |
| Ishan International Limited | ₹73.55 Cr (FY 2025) | •••• | •••• | 133.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Windsor Refractories by revenue in the Engineering industry (Engineering Procurement and Construction), 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 Windsor Refractories Ltd
Windsor Refractories Ltd is audited by SATISH SHETTY & CO for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SATISH SHETTY & 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 Windsor Refractories Ltd
Windsor Refractories has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suraj Sadanand Shetty Also directs: Refractory Shapes Limited | Director | 25 Aug 2022 | 4 Years 1 Months | Current |
| Pratibha Dayashankar Shetty Also directs: Excel Micron (Poona) Pvt Ltd | Director | 31 Mar 1986 | 40 Years 6 Months | Current |
| Dayashankar Krishna Shetty Also directs: Refractory Shapes Limited, Excel Micron (Poona) Pvt Ltd | Director | 30 Aug 2023 | 3 Years 1 Months | Current |
| Prajna Shravan Shetty Also directs: Refractory Shapes Limited, Excel Micron (Poona) Pvt Ltd | Managing Director | 15 Jan 2010 | 16 Years 8 Months | Current |
Ownership and Shareholding of Windsor Refractories 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 Windsor Refractories Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Dec 2023 | Others | ₹3 Cr | Open |
| 01 Dec 2021 | Others | ₹28 Cr | Open |
| 31 Aug 2024 | Yes Bank Limited | ₹8 Cr | Satisfied |
| 08 Oct 2010 | Vijaya Bank | ₹60 Lakh | Satisfied |
| 18 Aug 2010 | Vijaya Bank | ₹33.5 Lakh | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Windsor Refractories Ltd
Employment history and EPFO contributions of people linked to Windsor Refractories.
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.
CIN History of Windsor Refractories Ltd
Windsor Refractories has one previous CIN (Corporate Identification Number): U26920MH1986PTC039412. The current CIN is U26920MH1986PLC039412, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26920MH1986PLC039412 | Current |
| U26920MH1986PTC039412 | Previous |
Recent Activity on Windsor Refractories Ltd
Windsor Refractories Ltd has 8 board changes on record since 1986: 4 appointments and 4 cessations. The latest: Dayashankar Krishna Shetty was appointed as Director on 30 Aug 2023.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Windsor Refractories 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 Windsor Refractories 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 Windsor Refractories 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 Windsor Refractories Ltd
Windsor Refractories has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW1444P1ZZ | Maharashtra | 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 Windsor Refractories 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 Windsor Refractories Ltd
Windsor Refractories is an active public limited company based in Mumbai, Maharashtra, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 31 March 1986 (40+ years old) and is registered under CIN U26920MH1986PLC039412.
Windsor Refractories reported revenue of ₹75.33 Cr for FY 2025 (up 46% YoY).
Windsor Refractories has 4 current directors:
- Prajna Shravan Shetty - Managing Director
- Suraj Sadanand Shetty - Director
- Pratibha Dayashankar Shetty - Director
- Dayashankar Krishna Shetty - Director
Windsor Refractories reported a net profit of ₹4.28 Cr (net margin 5.7%) and EBITDA of ₹7.96 Cr (EBITDA margin 10.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Windsor Refractories is 22% over three years and 19% over five years. In the latest year (FY 2025) revenue rose 46%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Windsor Refractories is 27AAACW1444P1ZZ, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Windsor Refractories is U26920MH1986PLC039412. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Windsor Refractories was incorporated on 31 March 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Windsor Refractories by revenue are Steelon Building Systems Private Limited, Atr Infraprojects Private Limited, Nauvata Energy Transition Enterprise Private Limited, Jika Epc Services Limited, Ecofuel EV Charging Technologies Private Limited and 5 more, all in the Engineering industry (Engineering Procurement and Construction).
Dayashankar Krishna Shetty was appointed as Director on 30 Aug 2023. Suraj Sadanand Shetty ceased to be Additional Director on 29 Sep 2022. Dayashankar Krishna Shetty ceased to be Director on 25 Aug 2022. Windsor Refractories has 8 board changes on record in total.
Windsor Refractories can be reached through the website refshape.com. Its registered office is in Mumbai, Maharashtra, India.