Adani Cementation Limited - Due diligence report

A 360° intelligence report on Adani Cementation Limited: trust score, financial health, credit view, compliance, directors, growth and distr…

2016-12-06 Ahmedabad, Gujarat Amalgamated Unlisted Active Compliant
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Adani Cementation Limited — 360° Intelligence Report

Generated from MCA filings & public records
44/100
Trust Score
Caution Indicated

Adani Cementation Limited is assessed as Caution Indicated with a Trust Score of 44/100. Adani Cementation Limited is a public limited indian non-government company incorporated in 2016, operating in the Manufacturing sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 22 Sep 2026 from the latest processed filings. Adani Cementation Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Weak
Compliance › Neutral

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 ScoreCaution Indicated
44/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
47/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
20/100
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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.

Charges position: 0 open (-) · 1 satisfied (20.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Compliance Score: 47/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Annual filings current (balance sheet Mar 2025).
  • Delayed payments to MSME suppliers disclosed (20 disclosure(s)).
  • 3 active GST registration(s).
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
Harsh Gopal Maheshwari 01234567 Director 01/04/2018 6 yrs Approved
AJAY KAPUR 01234567 Director 01/04/2018 6 yrs Approved
ALOK SRIVASTAVA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2021)
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 2023 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
Adani Enterprises Limited
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 6 transfer(s)

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

Group entityRelationship% held
Adani Enterprises Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 20
Growth signals & trust indicators
Asset base grew 38% - capacity expansion.
Operating for 9 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Outside liabilities up 1.42 in a year.
Negative net worth.
Adverse company status: Amalgamated.
Compliance score is weak (47/100).
MSME payment delays disclosed - latest outstanding 7.91 Lakh.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence38/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment34/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view35/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
16 Jun 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
23 Jun 2024
Director ceased
Harsh Gopal Maheshwari
15 Jun 2024
Director appointed
Harsh Gopal Maheshwari (Director)
09 Jul 2023
Director ceased
SANJAY KUMAR KHAJANCHI
Director ceased
AJAY KAPUR
31 Mar 2023
Share transfer (FY 2023)
1.00000000 shares to Ajay Kumar Gupta
Share transfer (FY 2023)
1.00000000 shares to Patitapaban Behera
Share transfer (FY 2023)
1.00000000 shares to Vikas Srivastava
Share transfer (FY 2023)
1.00000000 shares to Sumeet Goel
Share transfer (FY 2023)
1.00000000 shares to Bibhudatta Sarangi
Share transfer (FY 2023)
1.00000000 shares to Akhil Kumar Gupta
20 Feb 2023
Director appointed
AJAY KAPUR (Director)
30 Jun 2022
Director ceased
SUBRAT NAYAK
Director ceased
ALOK SRIVASTAVA
10

Key Observations

Auto-generated from the data above
3 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
All 1 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 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 →
Peer companies will appear here as our matching engine processes this industry.
12

Who Uses This Report

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

Verify Adani Cementation Limited before audits and certifications: compliance score 47/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Adani Cementation Limited: 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: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 55/100, margin trends, ownership structure and peer set for Adani Cementation Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 44/100, distress signals and MSME payment-delay disclosures - know whether Adani Cementation Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Adani Cementation Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Adani Cementation Limited an active company?

Adani Cementation Limited has MCA status “Amalgamated” with a compliance score of 47/100 (Caution Indicated).

Is Adani Cementation Limited financially healthy?

Adani Cementation Limited has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Adani Cementation Limited?

Its overall Trust Score is 44/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Adani Cementation Limited?

The ultimate holding entity is Adani Enterprises Limited. 3 active director(s) are on record.

Does Adani Cementation Limited have loans or charges against its assets?

No open charges - all 1 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Adani Cementation Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 47/100 (Caution Indicated).

Is it risky to lend to Adani Cementation Limited?

Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.