Promoter holding
64.27%
AS
Associated Stone Industries - Due diligence report
A 360° intelligence report on Associated Stone Industries: trust score, financial health, credit view, compliance, directors, growth and dis…
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Associated Stone Industries — 360° Intelligence Report
Generated from MCA filings & public records78/100
Trust Score
Low Risk
Associated Stone Industries is assessed as Low Risk with a Trust Score of 78/100. Associated Stone Industries is an active public limited indian non-government company incorporated in 1945, operating in the Environment sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 30 Sep 2026 from the latest processed filings. Asi Industries Limited snapshot & full profile →
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 & explainableTrust ScoreLow Risk
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
44/100
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 ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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.
Get full accessScores 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.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 7 open (40.67 cr) · 63 satisfied (670.17 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 12 | 48.0 cr |
| Yes Bank Limited | 3 | 48.0 cr |
| Hdfc Bank Limited | 34 | 48.0 cr |
| Idbi Bank Limited | 4 | 48.0 cr |
| Icici Bank Limited | 5 | 48.0 cr |
| The Industrial Finance Corporation Of India Ltd. | 3 | 48.0 cr |
Compliance Score: 44/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 2 court forum(s).
- 2 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJARAM GORDHANLAL AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PAVAN KUMAR SONI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PADAMKUMAR RADHESHYAM PODDAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPAK NEMNATH JATIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TUSHYA JATIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PAVAN KUMAR SONI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISH PRAKASH KAKRAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARUNANSHU VIJAY KUMAR AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANITA DEEPAK JATIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 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 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / 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
1 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Al Rawasi Rock & Aggregate Llc | Subsidiary Company | 74.00% |
| Asi Global Limited | Subsidiary Company | 74.00% |
| Stone Masters (india) Private Limited | Associate Company | 74.00% |
Key managerial personnel: PAVAN KUMAR SONI (CFO) · DEEPAK NEMNATH JATIA (Managing Director) · TUSHYA JATIA (Whole-time director) · PAVAN KUMAR SONI (CFO) · ANITA DEEPAK JATIA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 50 · Distress 80
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Operating for 81+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 24% in a year.
Compliance score is weak (44/100).
7 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence65/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment82/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 7 open charge(s) of 40.67 cr already registered.
- Compliance gaps should be priced into terms.
Investor view73/100
Positive growth indicators
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 events12 Mar 2026
Charge satisfied
Hdfc Bank Limited
08 Mar 2026
Charge satisfied
Hdfc Bank Limited
07 Jan 2026
Director appointed
RAJARAM GORDHANLAL AGARWAL (Director)
04 Oct 2025
Charge created
Hdfc Bank Limited - 44.25 Lakh
26 Sep 2025
Charge created
Hdfc Bank Limited - 44.36 Lakh
12 Sep 2025
Last AGM held
Annual general meeting
19 Apr 2025
Charge created
Others - 1.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Aug 2024
Charge created
Indian Bank - 1.70 cr
12 Apr 2024
Charge created
Hdfc Bank Limited - 43.00 Lakh
16 Feb 2024
Charge created
Others - 50.00 Lakh
10 Feb 2024
Director appointed
ARUNANSHU VIJAY KUMAR AGARWAL (Director)
18 Oct 2023
Charge satisfied
Hdfc Bank Limited
26 Aug 2023
Director appointed
PADAMKUMAR RADHESHYAM PODDAR (Director)
07 Dec 2022
Charge created
Hdfc Bank Limited - 1.10 cr
10
Key Observations
Auto-generated from the data aboveRevenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
7 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| S. N. S. (Minerals) Private Limited | U51909WB1969PTC218838 | Kolkata, West Bengal, India |
| Kmew | L74120MH2015PLC269596 | Mumbai, Maharashtra, India |
| Eicl | U26939KL1963PLC002039 | Thiruvananthapuram., Kerala, India |
| Robo | U26100MH1999PTC447681 | Thane, Maharashtra, India |
| Pristine Quartz Private Limited | U26990KA2021PTC151533 | Bangalore, Karnataka, India |
| Rachana Resources (India) Private Limited | U51101MH2016PTC274419 | Nagpur, Maharashtra, India |
| Wolkem India | U29299RJ1971PLC001379 | Udaipur, Rajasthan, India |
| Wolkem Industries Limited | U24117RJ2000PLC016151 | Udaipur, Rajasthan, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Associated Stone Industries before audits and certifications: compliance score 44/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Associated Stone Industries: 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 50/100, margin trends, ownership structure and peer set for Associated Stone Industries - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Associated Stone Industries 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 Associated Stone Industries - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Associated Stone Industries an active company?
Associated Stone Industries has MCA status “Active” with a compliance score of 44/100 (Caution Indicated).
Is Associated Stone Industries financially healthy?
Associated Stone Industries has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Associated Stone Industries?
Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Associated Stone Industries?
Promoters hold a minority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Associated Stone Industries have loans or charges against its assets?
7 open charge(s) are registered against its assets, and 63 earlier charge(s) stand satisfied.
Is Associated Stone Industries up to date with its ROC filings?
Balance sheet slightly behind (Mar 2025). Overall compliance score: 44/100 (Caution Indicated).
Is it risky to lend to Associated Stone Industries?
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.
