Elasto Tapes Limited - Due diligence report

A 360° intelligence report on Elasto Tapes Limited: trust score, financial health, credit view, compliance, directors, growth and distress s…

1997-12-19 Thiruvananthapuram, Kerala Active Unlisted Active Compliant
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Elasto Tapes Limited — 360° Intelligence Report

Generated from MCA filings & public records
68/100
Trust Score
Moderate

Elasto Tapes Limited is assessed as Moderate with a Trust Score of 68/100. Elasto Tapes Limited is an active public limited indian non-government company incorporated in 1997, operating in the Packaging 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 moderate compliance risk and high financial risk profile.

Report generated on 18 Jun 2026 from the latest processed filings. Elasto Tapes Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Strong

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 ScoreModerate
68/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
70/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 3 open (46.76 Lakh) · 2 satisfied (1.22 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of Travancore4 48.0 cr
Kerala State Industrial Development Corporation1 48.0 cr
Compliance Score: 70/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: EPFO.
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SANGEETHA BALAGOPAL 01234567 Director 01/04/2018 6 yrs Approved
GANESH PADMANABHAN 01234567 Director 01/04/2018 6 yrs Approved
KOUSHIK 01234567 Director 01/04/2018 6 yrs Approved
SUDHA RAMA IYER 01234567 Director 01/04/2018 6 yrs Approved
RAVICHANDRAN RAJAN 01234567 Director 01/04/2018 6 yrs Approved
  • 5 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 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
-
Subsidiaries
-
Group entities
-
Capital events
-

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 55
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 28+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
3 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence65/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 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.
  • 3 open charge(s) of 46.76 Lakh already registered.
  • Compliance record supports lending.
Investor view53/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
05 Jun 2024
Charge satisfied
Kerala State Industrial Development Corporation
02 Aug 2018
Director appointed
KOUSHIK (Additional Director)
10 Aug 2015
Director ceased
GANESH PADMANABHAN
04 Aug 2015
Charge satisfied
State Bank Of Travancore
25 May 2013
Director ceased
PHILOMENA RASIAH
15 Feb 2008
Director ceased
RAVICHANDRAN RAJAN
01 Dec 2004
Charge created
State Bank Of Travancore - 1.76 Lakh
06 Jan 2004
Charge created
State Bank Of Travancore - 5.00 Lakh
12 Oct 1999
Charge created
State Bank Of Travancore - 40.00 Lakh
17 Feb 1999
Charge created
State Bank Of Travancore - 60.00 Lakh
10 Dec 1998
Director appointed
RAVICHANDRAN RAJAN (Director)
24 Aug 1998
Charge created
Kerala State Industrial Development Corporation - 62.00 Lakh
15 Jul 1998
Director appointed
GANESH PADMANABHAN (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
5 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
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.
11

Peers & Related Companies

Full peer comparison →
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Bankura Krishi Kranti Agro Producer Company Limited U01100WB2019PTC232671 Bankura, West Bengal, India
Yolo Designs Private Limited U17121HR2014PTC051735 Gurgaon, Haryana, India
Sri Ram Jewellers Pvt.Ltd. U36911WB1995PTC070925 Kolkata, West Bengal, India
Gajanand Trademart Private Limited U52100UP2010PTC040016 Meerut, Uttar Pradesh, India
Spaetzile Global India Private Limited U18129HR2021PTC095133 Gurugram, Haryana, India
Maatshi Fashions Private Limited U51909TN2022PTC157064 Chennai, Tamil Nadu, India
Aniveer Projects Private Limited U74999WB2018PTC227036 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Elasto Tapes Limited before audits and certifications: compliance score 70/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Elasto Tapes 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: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Elasto Tapes Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Elasto Tapes 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 Elasto Tapes Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Elasto Tapes Limited an active company?

Elasto Tapes Limited has MCA status “Active” with a compliance score of 70/100 (Moderate).

Is Elasto Tapes Limited financially healthy?

Elasto Tapes Limited has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Elasto Tapes Limited?

Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Elasto Tapes Limited?

Promoters hold a majority stake - exact percentages are in the full report. 5 active director(s) are on record.

Does Elasto Tapes Limited have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Elasto Tapes Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 70/100 (Moderate).

Is it risky to lend to Elasto Tapes 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.