Promoter holding
64.27%
BE
Bharat Explosives Limited - Due diligence report
A 360° intelligence report on Bharat Explosives Limited: trust score, financial health, credit view, compliance, directors, growth and distr…
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Bharat Explosives Limited — 360° Intelligence Report
Generated from MCA filings & public records60/100
Trust Score
Moderate
Bharat Explosives Limited is assessed as Moderate with a Trust Score of 60/100. Bharat Explosives Limited is an active public limited indian non-government company incorporated in 1962, operating in the Aerospace, Maritime and Defense 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 moderate financial risk profile.
Report generated on 11 Aug 2026 from the latest processed filings. Bharat Explosives 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
60/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
32/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 2 open (1.00 cr) · 11 satisfied (16.31 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbi Factors And Commercial Services Private Limited | 1 | 48.0 cr |
| S.B.I. Factors And Commercial Services Pvt. Ltd. | 1 | 48.0 cr |
| Lakshmi Vilas Bank Limited | 4 | 48.0 cr |
| The Lakshmi Vilas Bank Limited | 2 | 48.0 cr |
| State Bank Of Mysore | 2 | 48.0 cr |
| The Lakshmi Vilas Bank Ltd | 1 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: SEBI.
- Litigation present in 3 court forum(s).
- 2 auditor resignation(s) filed - latest: JAPS and Associates on 2022-09-30.
- Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
- 4 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAMA KANT RAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANOOP SINGH PATWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANSI MAMGAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAGHU PERANDURAI VASUDEVA RAO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINOD KUMAR GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANIL KUMAR SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- VINOD KUMAR GUPTA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| 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 2024 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
3 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bharat Pharma Limited | Subsidiary Company | 74.00% |
Key managerial personnel: RAMA KANT RAM (Managing Director) · ANIL KUMAR SHARMA (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Operating for 63+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (32/100).
2 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 79,137.00.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence53/100
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 assessment54/100
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 1.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events12 Jan 2026
Director appointed
VINOD KUMAR GUPTA (Director)
24 Nov 2025
Charge satisfied
The M.P. State Industrial Development Corp. Ltd.
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Sep 2023
Director ceased
RAGHU PERANDURAI VASUDEVA RAO
01 Aug 2023
Director ceased
MANISH KUMAR
13 Jun 2023
Director appointed
MANSI MAMGAIN (Company Secretary)
05 Jun 2023
Director appointed
RAGHU PERANDURAI VASUDEVA RAO (Director)
07 Mar 2022
Charge satisfied
Sbi Factors And Commercial Services Private Limited
Charge satisfied
S.B.I. Factors And Commercial Services Pvt. Ltd.
21 Dec 2019
Charge satisfied
Lakshmi Vilas Bank Limited
Charge satisfied
The Lakshmi Vilas Bank Limited
Charge satisfied
The Lakshmi Vilas Bank Ltd
31 Oct 2018
Director ceased
VINOD KUMAR GUPTA
23 Mar 2018
Securities allotted
1850000 Equity Shares - 1.85 cr raised
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.
6 active director(s) / partner(s); review board churn before relying on management continuity.
4 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 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Pioneer Extracts Private Limited | U01403TN1995PTC033218 | Chennai, Tamil Nadu, India |
| Narendra Investments | L65993MH1977PLC258134 | Thane, Maharashtra, India |
| Bioxera Pharma | U24239MH1956PTC009736 | Mumbai, Maharashtra, India |
| Shukra Pharmaceuticals Limited | L24231GJ1993PLC019079 | Ahmedabad, Gujarat, India |
| The Southern Gas | L24111GA1963PLC000562 | Margao, Goa, India |
| Anugrah | U43303GJ2001PTC040257 | Vadodara, Gujarat, India |
| Nisarga Crop Care India Private Limited | U01122PN2013PTC147461 | Tasgaon, Maharashtra, India |
| Allegro Speciality Chemicals Private Limited | U24232TG2012PTC082550 | Hyderabad, Telangana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Bharat Explosives Limited before audits and certifications: compliance score 32/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Bharat Explosives 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: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Bharat Explosives Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 60/100, distress signals and MSME payment-delay disclosures - know whether Bharat Explosives Limited 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 Bharat Explosives Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Bharat Explosives Limited an active company?
Bharat Explosives Limited has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Bharat Explosives Limited financially healthy?
Bharat Explosives Limited has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Bharat Explosives Limited?
Its overall Trust Score is 60/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Bharat Explosives Limited?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.
Does Bharat Explosives Limited have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 11 earlier charge(s) stand satisfied.
Is Bharat Explosives Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Bharat Explosives Limited?
Its Credit Risk Score is 55/100 (Moderate). 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.
