Solitaire Machine Tools Limited

Manufactures precision centerless grinders in various sizes for multiple clients.

1967 | Vadodara, Gujarat (India) | Active
Last Updated:

Solitaire Machine Tools Profile

Key Indicators

  • Authorised Capital ₹ 5.50 Cr
  • Paid Up Capital ₹ 4.54 Cr
  • Company Age 57 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 13.72 Cr
  • Satisfied Charges ₹ 22.50 Cr
  • Revenue Growth 36.98%
  • Profit Growth 51.14%
  • Ebitda 48.97%
  • Net Worth 6.97%
  • Total Assets 7.98%

About Solitaire Machine Tools

Solitaire Machine Tools Limited (SMTL) was founded in India on 24 May 1967 and has a glorious history of 57 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 522152.

The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.50 Cr and a paid-up capital of Rs 4.54 Cr.

The company currently has active open charges totaling ₹13.72 Cr. The company has closed loans amounting to ₹22.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Solitaire Machine Tools Limited India are Krishna Naik as COMPANY SECRETARY and Ashok Sheth as Cfo. Ashok Sheth, Shilpa Taneja, Hemandra Badani, and Four other members serve as directors at the Company.

Company Details

  • Location

    Vadodara, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L28932GJ1967PLC143293

  • Company No.

    013747

  • Stock Symbol

    BSE : 522152

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 May 1967

  • Date of AGM

    29 Jun 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Machinery and Equipment

What products or services does Solitaire Machine Tools Limited offer?

Solitaire Machine Tools Limited offers a wide range of products and services, including Repair & Maintenance Services, CNC Machines Repair & Maintenance.

Who are the key members and board of directors at Solitaire Machine Tools?

Executive Team (4)

NameDesignationAppointment DateStatus
Hemandra Badani Country flag representing In Managing Director31-Jan-2015Current
Krishna Naik Company Secretary30-Nov-2023Current
Ashok Sheth CFO06-Jun-2024Current
Harsh Badani Country flag representing In Managing Director31-Jan-2015Current

Board Members (5)

NameDesignationAppointment DateStatus
Shilpa Taneja Country flag representing In Director 10-Sep-1987Current
Ashok Sheth Country flag representing Us Director 10-Sep-1987Current
Kesha Thakkar Country flag representing In Director 18-May-2019Current
Bharat Shah Country flag representing In Director 20-Apr-2019Current
Nishita Rajput Country flag representing In Director 20-Apr-2019Current

Financial Performance of Solitaire Machine Tools.

Solitaire Machine Tools Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 36.98% increase. The company also saw a substantial improvement in profitability, with a 51.14% increase in profit. The company's net worth moved up by a moderate rise of 6.97%.

Solitaire Machine Tools revenue growth over time
Solitaire Machine Tools 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
36.98%
Revenue from Operations
37.52%
Total Assets
7.98%
Profit or Loss
51.14%
Net Worth
6.97%
EBITDA
48.97%

What is the Ownership and Shareholding Structure of Solitaire Machine Tools?

In 2023, Solitaire Machine Tools had a promoter holding of 45.22% and a public holding of 54.77%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹13.72 Cr

Satisfied Charges

₹22.50 Cr

Charges Breakdown by Lending Institutions

  • Others : 10.50 Cr
  • Uti Bank : 3.22 Cr

Latest Charge Details

DateLenderAmountStatus
13 Feb 2024Others₹10.50 CrOpen
24 Feb 2005Uti Bank₹1.61 CrOpen
25 Aug 2004Uti Bank₹1.61 CrOpen
20 Jul 2017Yes Bank Limited₹9.97 CrSatisfied
27 Jun 2017Yes Bank Limited₹9.97 CrSatisfied

How Many Employees Work at Solitaire Machine Tools?

Solitaire Machine Tools has a workforce of 79 employees as of Apr 01, 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 Solitaire Machine Tools Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Solitaire Machine Tools, 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 Solitaire Machine Tools'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 Solitaire Machine Tools

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 10.50 Cr registered on 13 Feb 2024 with Charge ID 100866530 was modified on 04 Feb 2025.

  • Annual General Meeting

    Solitaire Machine Tools Limited last Annual general meeting of members was held on 29 Jun 2024 as per latest MCA records.

  • Director Appointment

    Ashok Jivarajbhai Sheth was appointed as a Cfo was appointed as a Cfo on 06 Jun 2024 & has been associated with this company since 9 months 1 day .

  • Balance Sheet

    Solitaire Machine Tools Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Charges

    A charge with Others amounted to Rs. 10.50 Cr with Charge ID 100866530 was registered on 13 Feb 2024.

  • Director Appointment

    Krishna Tejashkumar Naik was appointed as a Company Secretary was appointed as a Company Secretary on 30 Nov 2023 & has been associated with this company since 1 year 3 months .

Frequently asked questions

  • What is the Incorporation or founding date of Solitaire Machine Tools Limited?

    Solitaire Machine Tools Limited was incorporated on 24 May 1967.

  • What is authorized share capital and paid-up capital of Solitaire Machine Tools Limited?

    The authorized share capital of Solitaire Machine Tools Limited is ₹ 5.50 Cr and paid-up capital is ₹ 4.54 Cr.

  • Who are the current board members & directors of Solitaire Machine Tools Limited?

    Currently 9 directors are associated with Solitaire Machine Tools Limited.

    • Ashok Jivarajbhai Sheth
    • Shilpa Manmohan Taneja
    • Hemandra Jayantilal Badani
    • Krishna Tejashkumar Naik
    • Ashok Jivarajbhai Sheth
    • Kesha Kirit Thakkar
    • Bharat Vadilal Shah
    • Harsh Badani
    • Nishita Gulabsingh Rajput

  • What is the registered address of Solitaire Machine Tools Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Solitaire Machine Tools Limited is A-24/25, Krishna Industrial Estate Gorwa India, Vadodara, Gujarat, 390016.

  • What is the corporate identification number (CIN) and company number of Solitaire Machine Tools Limited?

    The corporate identification number (CIN) of Solitaire Machine Tools Limited is L28932GJ1967PLC143293 and the company number is 013747 as per Ministry of Corporate Affairs (MCA).

  • Is Solitaire Machine Tools Limited registered with any stock exchange in India?

    Yes, Solitaire Machine Tools Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Solitaire Machine Tools Limited?

    The Official website of Solitaire Machine Tools Limited is https://www.smtgrinders.com

  • What has been the recent revenue trend for Solitaire Machine Tools Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Solitaire Machine Tools Limited has risen by 36.98%.

  • How many employees does Solitaire Machine Tools Limited currently have?

    As Per 2023 financial reports, 79 employees are currently employed by Solitaire Machine Tools Limited.

  • What change has been observed in the net worth of Solitaire Machine Tools Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Solitaire Machine Tools Limited has experienced an upsurge of 6.97%.

  • What are the total open charges for Solitaire Machine Tools Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Solitaire Machine Tools Limited amount to ₹ 13.72 Cr.

  • When was the last Balance Sheet of Solitaire Machine Tools Limited filed with the ROC?

    The most recent Balance Sheet for Solitaire Machine Tools Limited was filed with the ROC on 31 Mar 2024.

People also Viewed

Similar Companies Based on Industrial Machine Tools