Gaekwar Mills Ltd (ZGAEKWAR) Share Price & Fundamentals

What we do

Gaekwar Mills Limited, incorporated in 1928, was a textile manufacturer now engaged mainly in real estate development of its land in Bilimora, Gujarat after cessation of textile operations.

Founded in

1,928

Market share

No current market share due to discontinued textile operations; shifting focus to real estate development.

Problem solved

Transforming a legacy textile business into a real estate developer to utilize idle land assets and clear outstanding liabilities.

Top clients or who we serve

No active manufacturing clients; targeting real estate buyers and investors in Gujarat region.

Key management

Mrs. Shweta Dhruv Shah, Whole Time Director; Mr. Bhavik Ashokkumar Shah, Independent Director; Mr. Mihir Rajesh Parikh, Director.

Our journey and innovations

From textile manufacturing since 1928, declared sick, exited BIFR, now pursuing real estate development pursuant to court-approved revival scheme.

Where we operate

Mumbai headquarters; land development focused in Bilimora, Gujarat.

Top products or what we offer

Textile manufacturing ceased; currently developing 60% of company-owned land for real estate projects.

Top brands

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Raw materials needed

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Raw materials supplier

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Recurring vs cyclical contribution

No recurring operating revenue; undergoing transition with currently no operational income.

Our industry position

Exited textile industry; emerging presence in regional real estate development, early stage.

Financial highlights

FY 2024-25 revenue zero; net loss Rs 4.42 crore; other income Rs 41 lakhs; in losses due to transition phase.

Geographical revenue split

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Order book

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Whats driving growth

Growth dependent on approvals and progress in real estate development; revival of company post BIFR liquidation.

Our future plans

Seek municipal and government approvals to start construction; use real estate proceeds to redeem debt and revive textile operations.

Our green promise

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Our people and values

Small team with key leadership; commitment to governance and compliance during transition.

Key challenges ahead

Delays in approvals, labor disputes legacy issues, debt redemption, and restarting business activity.

Interesting facts

Company survived liquidation and court challenges; oldest textile firm pivoting to real estate to revive fortunes.

Risks and strategy

Risk from regulatory delays and financial loss; strategy focuses on phased land development and debt restructuring.