Devnidhi Plastics Pvt Ltd - Due diligence report

A 360° intelligence report on Devnidhi Plastics Pvt Ltd: trust score, financial health, credit view, compliance, directors, growth and distr…

1994-07-19 Ahmedabad, Gujarat Active Unlisted Active Compliant
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Devnidhi Plastics Pvt Ltd — 360° Intelligence Report

Generated from MCA filings & public records
92/100
Trust Score
Low Risk

Devnidhi Plastics Pvt Ltd is assessed as Low Risk with a Trust Score of 92/100. Devnidhi Plastics Pvt Ltd is an active private limited indian non-government company incorporated in 1994, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 21 Jul 2026 from the latest processed filings. Devnidhi Plastics Pvt Ltd snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
92/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 86/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
DEVANSH NISHCHALBHAI SHAH 01234567 Director 01/04/2018 6 yrs Approved
TARAL JITENDRA SHAH 01234567 Director 01/04/2018 6 yrs Approved
HEMANT NAVINCHANDRA SHAH 01234567 Director 01/04/2018 6 yrs Approved
HETAL NISHCHAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
DIPESH KANTISEN SHROFF 01234567 Director 01/04/2018 6 yrs Approved
NISHCHAL DHIRAJLAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2021 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
-

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Key managerial personnel: NISHCHAL DHIRAJLAL SHAH (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
EPFO headcount growing - hiring signal.
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence89/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment93/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view94/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 6 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Sep 2018
Director ceased
TARAL JITENDRA SHAH
19 Jun 2018
Director appointed
TARAL JITENDRA SHAH (Director)
17 Nov 2017
Director ceased
RAMESH KHODIDAS SHAH
30 Sep 2017
Director ceased
DEVANSH NISHCHALBHAI SHAH
14 Sep 2017
Director appointed
DEVANSH NISHCHALBHAI SHAH (Director)
22 Sep 2011
Director ceased
HETAL NISHCHAL SHAH
01 Sep 2011
Director appointed
HETAL NISHCHAL SHAH (Director)
Director ceased
LAXMIBEN DHIRAJLAL SHAH
23 Aug 2008
Director ceased
HEMANT NAVINCHANDRA SHAH
05 Apr 2008
Director appointed
HEMANT NAVINCHANDRA SHAH (Director)
19 Jan 2008
Director ceased
MAHENDRA LILCHAND SHAH
28 May 1995
Director appointed
DIPESH KANTISEN SHROFF (Director)
19 Jul 1994
Incorporated
Registered with Roc Ahmedabad
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
6 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Mayur Polymer Pvt Ltd U17119GJ1994PTC023874 Dist Ahmedabad, Gujarat, India
Aje Mercantile Private Limited U51909MH2005PTC155458 Mumbai, Maharashtra, India
S.B. Marbles Private Limited U14101RJ1990PTC005248 Rajsamand, Rajasthan, India
Ankdeep Plastech Private Limited U36999MH2020PTC349984 Bhiwandi, Maharashtra, India
Vestro Containers Private Limited U25209TG2021PTC148803 Hyderabad, Telangana, India
Sahjanand Ceramic Private Limited U26933GJ2013PTC077443 Morbi, Gujarat, India
Ishan Ceramics U36912UP2011PTC043577 Etdmadpur, Uttar Pradesh, India
Goldcoin Multipack Private Limited U25202GJ2011PTC065481 District Rajkot, Gujarat, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Devnidhi Plastics Pvt Ltd before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Devnidhi Plastics Pvt Ltd: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Devnidhi Plastics Pvt Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 92/100, distress signals and MSME payment-delay disclosures - know whether Devnidhi Plastics Pvt Ltd pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Devnidhi Plastics Pvt Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Devnidhi Plastics Pvt Ltd an active company?

Devnidhi Plastics Pvt Ltd has MCA status “Active” with a compliance score of 86/100 (Low Risk).

Is Devnidhi Plastics Pvt Ltd financially healthy?

Devnidhi Plastics Pvt Ltd has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Devnidhi Plastics Pvt Ltd?

Its overall Trust Score is 92/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Devnidhi Plastics Pvt Ltd?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Devnidhi Plastics Pvt Ltd have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Devnidhi Plastics Pvt Ltd up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).

Is it risky to lend to Devnidhi Plastics Pvt Ltd?

Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.