Promoter holding
64.27%
AP
Axel Polymers Limited - Due diligence report
A 360° intelligence report on Axel Polymers: trust score, financial health, credit view, compliance, directors, growth and distress signals …
Full Due-Diligence Report + Documents
- Unlock all financial figures & 5-year trends
- Full trust, health & credit-risk scores
- Director details, charges & MCA documents
₹700
₹449
Save ₹251
excl. GST
Or from ₹279/report with credits
View credit packages
Company Credits – Starter
- One credit unlocks this full due-diligence report
- Use across any company’s report, anytime
- Credits valid for 12 months
Choose your own credit amount
View credit packages
Axel Polymers — 360° Intelligence Report
Generated from MCA filings & public records73/100
Trust Score
Moderate
Axel Polymers is assessed as Moderate with a Trust Score of 73/100. Axel Polymers is an active public limited indian non-government company incorporated in 1992, 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 high compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Axel Polymers 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 ScoreModerate
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
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
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
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: 45/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Profitable - internal accruals available.
- Externally credit-rated (B).
Charges position: 2 open (41.08 cr) · 8 satisfied (86.63 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 3 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
| Bank Of India | 1 | 48.0 cr |
| Bank Of Baroda | 4 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: SEBI, BSE.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (69 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| JIGARDAN AJITDAN GADHVI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AARASP BEJAN BODHANWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TEJAS BATUKRAI BHATT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AARASP BEJAN BODHANWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOKKUMAR NATWARLAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHIRAG BHUPENDRABHAI SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GAURAV SURENDRAKUMAR THANKY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DHARA GAURAV THANKY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ashish Chaudhary | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Tejas Batukrai Bhatt | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- No disqualified or deactivated DINs.
- 5 director exits in 3 years - high churn.
- 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 2023 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
2 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
Key managerial personnel: AARASP BEJAN BODHANWALA (CFO) · TEJAS BATUKRAI BHATT (CFO) · GAURAV SURENDRAKUMAR THANKY (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 34+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 director exits within 2 years.
Compliance score is weak (42/100).
2 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 3.23 cr.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence63/100
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 assessment56/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 41.08 cr already registered.
- Compliance gaps should be priced into terms.
Investor view82/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2025
Last AGM held
Annual general meeting
29 Sep 2025
Director ceased
ASHOKKUMAR NATWARLAL SHAH
Director ceased
CHIRAG BHUPENDRABHAI SHAH
18 Aug 2025
Director appointed
ASHOKKUMAR NATWARLAL SHAH (Director)
29 May 2025
Director appointed
CHIRAG BHUPENDRABHAI SHAH (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
03 Mar 2025
Director appointed
Ashish Chaudhary (Company Secretary)
25 Jan 2025
Director ceased
JIGARDAN AJITDAN GADHVI
20 Jan 2025
Director appointed
Tejas Batukrai Bhatt (Cfo)
03 Jan 2025
Director appointed
TEJAS BATUKRAI BHATT (CFO)
01 Oct 2024
Director appointed
DHARA GAURAV THANKY (Director)
Charge created
Hdfc Bank Limited - 23.41 Lakh
03 Jul 2024
Director ceased
MINNIE AARASP BODHANWALA
Charge satisfied
Others
16 Apr 2024
Charge created
Hdfc Bank Limited - 40.84 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of B from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Essen Multipack | U25209GJ1994PLC022139 | Rajkot, Gujarat, India |
| Gew (India) Private Limited | U29309MH2017FTC435402 | Thane, Maharashtra, India |
| D.R. Plasto Tech Private Limited | U25209DL2016PTC308392 | New Delhi, Delhi, India |
| Talbros Marugo Rubber Private Limited | U25200HR2012PTC046820 | Faridabad, Haryana, India |
| Banglore Polycotters Private Limited | U17122RJ2007PTC042535 | Jaipur, Rajasthan, India |
| Plenco Plast India Private Limited | U29195MH2003PTC141823 | Mumbai, Maharashtra, India |
| Viva Pack Private Limited | U25200GJ2006PTC077332 | Surat, Gujarat, India |
| Aaradhya Disposal Industries Limited | U21098MP2014PLC032173 | Dewas, Madhya Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Axel Polymers before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Axel Polymers: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Axel Polymers - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Axel Polymers pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Axel Polymers - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Axel Polymers an active company?
Axel Polymers has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Axel Polymers financially healthy?
Axel Polymers has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Axel Polymers?
Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Axel Polymers?
Promoters hold a majority stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Axel Polymers have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.
Is Axel Polymers up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Axel Polymers?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.
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.
