MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0012851
Zircar Refractories Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹125.66 Cr
▼ 1% YoY
Net profit · FY 2025
₹4.9 Cr
Net margin 3.9%
EBITDA · FY 2025
₹15.43 Cr
EBITDA margin 12.3%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹10.79 Cr
Issued & subscribed
Open charges
₹148.08 Cr
Satisfied ₹26.15 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
248
Provident fund records
About Zircar Refractories Limited
Data last updated:
Zircar Refractories Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 13 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26910GJ1996PLC029048. Its GSTIN is 24AAACZ0650L1ZC (Gujarat). The company holds 9 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹10.79 Cr. It was formerly known as Zircar Crucibles Private Limited and Zircar Ceramics Private Limited. It is led by directors including Alok Hiralal Rai (Managing Director) and Hiralal Ramadhar Rai.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹125.66 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹4.9 Cr (net margin 3.9%) and EBITDA of ₹15.43 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 17% over five years.
The company has about 248 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Zircar Refractories. As per MCA filings, the company has open charges of ₹148.08 Cr and satisfied charges of ₹26.15 Cr on record. Court records list 30 cases involving the company, including 26 filed by the company and 4 filed against it; 7 cases are pending. The company has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹13.74 Cr; the latest was in December 2018. Its 3 peer companies in the Manufacturing industry (Construction Materials), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Ralco Extrusion Private Limited with revenue of ₹128.24 Cr.
Zircar Refractories Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0012851). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zircarrefractories.com.
Company details
CIN U26910GJ1996PLC029048
Registration Number 029048
Incorporation Date 13 March 1996
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0012851
Name history
Zircar Refractories has undergone 3 name changes throughout its history. The company was previously known as Zircar Crucibles Private Limited, Zircar Ceramics Private Limited, and Zircar Refractories Private Limited. The current legal name is Zircar Refractories Limited.
| Company Name | Status |
|---|---|
| Zircar Refractories Limited | Current |
| Zircar Crucibles Private Limited | Previous |
| Zircar Ceramics Private Limited | Previous |
| Zircar Refractories Private Limited | Previous |
CIN history
Zircar Refractories has one previous CIN (Corporate Identification Number): U26910GJ1996PTC029048. The current CIN is U26910GJ1996PLC029048, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26910GJ1996PLC029048 | Current |
| U26910GJ1996PTC029048 | Previous |
Key People
Alok Hiralal Rai Managing Director Hiralal Ramadhar Rai Director Shalini Alok Rai Director Recognitions & Rankings of Zircar Refractories
Contact details
Zircar Refractories Limited's registered office is in Ahmedabad, Gujarat. Its website is zircarrefractories.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address402 Fourth Floor Campus Corner St Xaviers College Cross Road Navrangpur, A, Ahmedabad, Gujarat, India – 380009
- IndustryManufacturing, Construction Materials
To see the full contact details of Zircar Refractories Limited, buy the company report.
Comprehensive company report
Zircar Refractories Limited - one report that includes everything
- 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
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Brands
Zircar Refractories operates one associated brand: Zircar Refractories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of refractory products for ferrous and non-ferrous metal processing industries. | zircarrefractories.com |
Business activity
The main business activity of Zircar Refractories is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Zircar Refractories Limited, buy the company report.
Financials of Zircar Refractories Limited
FY 2025 filings availableZircar Refractories Limited reported revenue of ₹125.66 Cr (down 1% YoY) for FY 2025.
Revenue · FY 2025
₹125.66 Cr ▼ 1%
Net profit · FY 2025
₹4.9 Cr margin 3.9%
EBITDA · FY 2025
₹15.43 Cr margin 12.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 8%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 9%
5 years · compounded
▲ 23%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 5% 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 |
|---|---|---|---|---|---|
| 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 | ₹15.43 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.9 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.3% | ||||
| Net Profit Margin | 3.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Zircar Refractories Limited, buy the company report.
Board of directors of Zircar Refractories Limited
Zircar Refractories has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiralal Ramadhar Rai | Director | 01 Apr 2003 | 23 Years 6 Months | Current |
| Shalini Alok Rai | Director | 26 Mar 2015 | 11 Years 7 Months | Current |
| Alok Hiralal Rai | Managing Director | 09 Sep 2009 | 17 Years 1 Months | Current |
| Bhavesh Kantilal Parmar | Director | 11 Jan 2019 | 7 Years 9 Months | Current |
| Rajeshkumar Lajpatrai Lalwani Also directs: Arraycom (India) Limited | Director | 08 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Zircar Refractories Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Construction Materials), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ralco Extrusion Private Limited | ₹128.24 Cr (FY 2025) | 33.0% | Mumbai, Maharashtra, India | |||
| Zircar Refractories Limitedthis company | ₹125.66 Cr (FY 2025) | ₹4.9 Cr | 3.9% | -1.0% | 248 | Ahmedabad, Gujarat, India |
| Hifab Aluminium Private Limited | ₹124.98 Cr (FY 2025) | 25.0% | Ahmedabad, Gujarat, India | |||
| Bansal Metallics (India) Private Limited | ₹124.79 Cr (FY 2025) | 2.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of Zircar Refractories Limited, buy the company report.
Auditor
Zircar Refractories Limited is audited by Ashok P Patel & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashok P Patel & Co | FY 2023 | 112843W |
Shareholding
The shareholding of Zircar Refractories 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Zircar Refractories Limited, buy the company report.
Charges & borrowings
Open charges
₹148.08 Cr
Satisfied charges
₹26.15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2025 | 101181657 | Axis Bank Limited | ₹15.57 Cr | Open | |
| 26 Apr 2023 | 100713730 | Others | ₹14.25 Cr | Open | |
| 13 Jan 2021 | 100410569 | Hdfc Bank Limited | ₹11.57 Lakh | Open | |
| 10 Oct 2019 | 100295676 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 17 Oct 2012 | 10381838 | Hdfc Bank Limited | ₹58.21 Cr | Open |
To see the full charge records of Zircar Refractories Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Zircar Refractories Limited has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹13.74 Cr; the latest was in December 2018.
Total deals
6
Funding rounds
4
Secondary share transfers
2
Disclosed funding
₹13.74 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Funding round | ₹11.2 Cr | Investors: 4 individuals |
| Jan 2012 | Funding round | ₹1.44 Cr | Investors: 4 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2006 | Funding round | ₹71.9 Lakh | Investors: 4 individuals |
To see the full deal history of Zircar Refractories Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Zircar Refractories Limited has 30 court cases on record: 26 filed by Zircar Refractories, 4 filed against it. 7 cases are pending and 23 are disposed.
Total cases
30
Filed by the company
26
Filed against the company
4
Pending
7
Disposed
23
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 4 | 5 |
| High courts | 3 | 0 | 2 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against HDFC Bank Limited and 1 other | Pending |
| District court, Mahesana, Gujarat | Court case (SMST R) | Filed by the company against Modern Steels Ltd | Disposed |
| District court, Mahesana, Gujarat | Court case (SMST R) | Filed by the company against India Steel Works Ltd | Disposed |
| District court, Mahesana, Gujarat | Court case (SMST R) | Filed by the company against Top Worth Steels and Power Pvt.Ltd | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Ms. L.G.Alloys Pvt.Ltd. | Disposed |
To see the full case history of Zircar Refractories 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 Zircar Refractories Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Zircar Refractories Limited has a workforce of 248 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
248
Active EPFO establishments
1
Employee growth
6.9%
GST
Zircar Refractories has 9 GST registrations: 6 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
6
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACZ0650L1ZC | Gujarat | Active | 01 Jul 2017 |
| 07AAACZ0650L1Z8 | Delhi | Active | 01 Jul 2017 |
| 19AAACZ0650L1Z3 | West Bengal | Active | 01 Jul 2017 |
| 27AAACZ0650L1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Zircar Refractories Limited, buy the company report.
Recent activity
Zircar Refractories Limited has 11 board changes on record since 2003: 8 appointments and 3 cessations. The latest: Rajeshkumar Lajpatrai Lalwani was appointed as Director on 08 May 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 15.57 Cr with Charge ID 101181657 was registered on 31 Oct 2025.
AGM
Zircar Refractories Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Rajeshkumar Lajpatrai Lalwani was appointed as Director.
Filing
Zircar Refractories Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 58.21 Cr registered on 17 Oct 2012 with Charge ID 10381838 was modified on 20 Aug 2024.
Ceased
Darsha Kikani ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 57.93 Cr registered on 28 Sep 2012 with Charge ID 10378250 was modified on 02 Aug 2024.
Charges
A charge with Others of Rs. 14.25 Cr registered on 26 Apr 2023 with Charge ID 100713730 was modified on 13 May 2024.
Charges
A charge registered on 29 Feb 2020 via Charge ID 100329146 with Others was fully satisfied on 13 Jun 2023.
Charges
A charge registered on 26 Apr 2021 via Charge ID 100461739 with Axis Bank Limited was fully satisfied on 15 May 2023.
Charges
A charge with Others amounted to Rs. 14.25 Cr with Charge ID 100713730 was registered on 26 Apr 2023.
Charges
A charge registered on 30 Jan 2020 via Charge ID 100319176 with Others was fully satisfied on 17 Oct 2022.
38 earlier events are in the company report.
Frequently asked questions
Zircar Refractories is an active public limited company based in Ahmedabad, Gujarat, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 13 March 1996 (30+ years old) and is registered under CIN U26910GJ1996PLC029048.
Zircar Refractories has 5 current directors:
- Alok Hiralal Rai - Managing Director
- Hiralal Ramadhar Rai - Director
- Shalini Alok Rai - Director
- Bhavesh Kantilal Parmar - Director
- Rajeshkumar Lajpatrai Lalwani - Director
The latest financial statements of Zircar Refractories 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 Zircar Refractories is 24AAACZ0650L1ZC, registered in Gujarat. The company has 9 GST registrations in all, of which 6 are active and 3 are cancelled or inactive. Other active GSTINs include 07AAACZ0650L1Z8 (Delhi), 19AAACZ0650L1Z3 (West Bengal), 27AAACZ0650L1Z6 (Maharashtra).
The CIN (Corporate Identification Number) of Zircar Refractories is U26910GJ1996PLC029048. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zircar Refractories has 30 court cases on record: 26 filed by the company and 4 filed against it. 7 are pending. Most are in the district courts.
Zircar Refractories was incorporated on 13 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Zircar Refractories has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹13.74 Cr; the latest was in December 2018.
The peers of Zircar Refractories by revenue are Ralco Extrusion Private Limited, Hifab Aluminium Private Limited, Bansal Metallics (India) Private Limited, all in the Manufacturing industry (Construction Materials), with the same principal business activity (metal and metal products).
Rajeshkumar Lajpatrai Lalwani was appointed as Director on 08 May 2025. Darsha Kikani ceased to be Director on 10 Aug 2024. Bhavesh Kantilal Parmar was appointed as Director on 11 Jan 2019. Zircar Refractories has 11 board changes on record in total.
Yes, Zircar Refractories is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0012851).
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