Axel Polymers Limited

Manufacturer of polymer compounds, blends, and alloys with 10,000 MTPA production capacity in Gujarat.

1992 | Vadodara, Gujarat (India) | Active
Last Updated:

Axel Polymers Profile

Key Indicators

  • Authorised Capital ₹ 16.00 Cr
  • Paid Up Capital ₹ 8.52 Cr
  • Company Age 32 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 58.39 Cr
  • Satisfied Charges ₹ 28.24 Cr
  • Revenue Growth 16.33%
  • Profit Growth 29.27%
  • Ebitda 24.56%
  • Net Worth 9.80%
  • Total Assets 0.46%

About Axel Polymers

Axel Polymers Limited (APL) is a leading Public Limited Indian Non-Government Company incorporated in India on 21 May 1992 and has a history of 32 years and nine months. Its registered office is in Vadodara, Gujarat, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 513642.

The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 16.00 Cr and a paid-up capital of Rs 8.52 Cr.

The company currently has active open charges totaling ₹58.39 Cr. The company has closed loans amounting to ₹28.24 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Axel Polymers Limited India are Jigardan Gadhvi as COMPANY SECRETARY and Aarasp Bodhanwala as Cfo. Aarasp Bodhanwala, Minnie Bodhanwala, Gaurav Thanky, and Two other members serve as directors at the Company.

Company Details

  • Location

    Vadodara, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    axelindia.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L25200GJ1992PLC017678

  • Company No.

    017678

  • Stock Symbol

    BSE : 513642

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    21 May 1992

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing

What products or services does Axel Polymers Limited offer?

Axel Polymers Limited offers a wide range of products and services, including Plastic Granules, ABS Plastic Granules, Polycarbonate, PBT Granules, PET Granules & Plastic Raw Material, PP Granules, Nylon Granule, Mosquito Net, Mosquito Bed Nets, SAN Granules.

Who are the key members and board of directors at Axel Polymers?

Executive Team (3)

NameDesignationAppointment DateStatus
Gaurav Thanky Country flag representing In Managing Director01-Jun-2014Current
Jigardan Gadhvi Country flag representing In Company Secretary04-Apr-2019Current
Aarasp Bodhanwala Country flag representing In CFO01-Oct-2017Current

Board Members (4)

NameDesignationAppointment DateStatus
Minnie Bodhanwala Country flag representing In Director 28-Feb-2002Current
Aarasp Bodhanwala Country flag representing In Whole-Time Director and Cfo 01-Mar-1993Current
Umang Dasani Country flag representing In Director 14-Nov-2022Current
Haresh Kothari Country flag representing In Director 19-Aug-2021Current

Financial Performance of Axel Polymers.

Axel Polymers Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.33% increase. The company also saw a substantial improvement in profitability, with a 29.27% increase in profit. The company's net worth moved up by a moderate rise of 9.8%.

Axel Polymers revenue growth over time
Axel Polymers profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
16.33%
Revenue from Operations
16.83%
Total Assets
0.46%
Profit or Loss
29.27%
Net Worth
9.80%
EBITDA
24.56%

What is the Ownership and Shareholding Structure of Axel Polymers?

In 2022, Axel Polymers had a promoter holding of 61.90% and a public holding of 38.11%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹58.39 Cr

Satisfied Charges

₹28.24 Cr

Charges Breakdown by Lending Institutions

  • Others : 58.39 Cr

Latest Charge Details

DateLenderAmountStatus
09 Dec 2021Others₹8.50 MOpen
02 Jan 2004Others₹27.77 CrOpen
11 Jun 1994Others₹29.77 CrOpen
20 Jan 2010Bank Of India₹17.94 CrSatisfied
03 Oct 2000Bank Of Baroda₹3.15 CrSatisfied

How Many Employees Work at Axel Polymers?

Axel Polymers has a workforce of 70 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Axel Polymers Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Axel Polymers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Axel Polymers's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Axel Polymers

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 29.77 Cr registered on 11 Jun 1994 with Charge ID 90109150 was modified on 09 Nov 2023.

  • Annual General Meeting

    Axel Polymers Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

  • Charges

    A charge with Others of Rs. 27.77 Cr registered on 02 Jan 2004 with Charge ID 90108008 was modified on 21 Aug 2023.

  • Charges

    A charge registered on 20 Jan 2010 via Charge ID 10200774 with Bank Of India was fully satisfied on 27 Apr 2023.

  • Balance Sheet

    Axel Polymers Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

  • Director Appointment

    Umang Hasmukhbhai Dasani was appointed as a Director was appointed as a Director on 14 Nov 2022 & has been associated with this company since 2 years 3 months .

Frequently asked questions

  • What is the Incorporation or founding date of Axel Polymers Limited?

    Axel Polymers Limited was incorporated on 21 May 1992.

  • What is authorized share capital and paid-up capital of Axel Polymers Limited?

    The authorized share capital of Axel Polymers Limited is ₹ 16.00 Cr and paid-up capital is ₹ 8.52 Cr.

  • Who are the current board members & directors of Axel Polymers Limited?

    Currently 7 directors are associated with Axel Polymers Limited.

    • Aarasp Bejan Bodhanwala
    • Minnie Aarasp Bodhanwala
    • Gaurav Surendrakumar Thanky
    • Jigardan Ajitdan Gadhvi
    • Umang Hasmukhbhai Dasani
    • Haresh Padamshi Kothari
    • Aarasp Bejan Bodhanwala

  • What is the registered address of Axel Polymers Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Axel Polymers Limited is S No 309 Vil-Mokshi Sankarda-Savli Road, Tal-Savli, Vadodara, Gujarat, India, 391780.

  • What is the corporate identification number (CIN) and company number of Axel Polymers Limited?

    The corporate identification number (CIN) of Axel Polymers Limited is L25200GJ1992PLC017678 and the company number is 017678 as per Ministry of Corporate Affairs (MCA).

  • Is Axel Polymers Limited registered with any stock exchange in India?

    Yes, Axel Polymers Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Axel Polymers Limited?

    The Official website of Axel Polymers Limited is https://www.axelindia.com

  • What has been the recent revenue trend for Axel Polymers Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Axel Polymers Limited has risen by 16.33%.

  • How many employees does Axel Polymers Limited currently have?

    As Per 2023 financial reports, 70 employees are currently employed by Axel Polymers Limited.

  • What change has been observed in the net worth of Axel Polymers Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Axel Polymers Limited has experienced an upsurge of 9.80%.

  • What are the total open charges for Axel Polymers Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Axel Polymers Limited amount to ₹ 58.39 Cr.

  • When was the last Balance Sheet of Axel Polymers Limited filed with the ROC?

    The most recent Balance Sheet for Axel Polymers Limited was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Plastic & Resins