Promoter holding
64.27%
EI
Ester Industries Limited - Due diligence report
A 360° intelligence report on Ester Industries: trust score, financial health, credit view, compliance, directors, growth and distress signa…
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Ester Industries — 360° Intelligence Report
Generated from MCA filings & public records88/100
Trust Score
Low Risk
Ester Industries is assessed as Low Risk with a Trust Score of 88/100. Ester Industries is an active public limited indian non-government company incorporated in 1985, operating in the Packaging sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Ester 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
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
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
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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.
- Externally credit-rated (A2).
Charges position: 45 open (702.05 cr) · 151 satisfied (1,429.21 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 19 | 48.0 cr |
| Others | 27 | 48.0 cr |
| Bank Of Baroda | 12 | 48.0 cr |
| Bank Of India Limited | 2 | 48.0 cr |
| Tata Capital Financial Services Limited | 6 | 48.0 cr |
| Union Bank Of India | 11 | 48.0 cr |
Compliance Score: 80/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 4 court forum(s).
- 4 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ATUL AGGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVIND SINGHANIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PADMAJA SHAILEN RUPAREL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SOURABH AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHAY ANANT GUPTE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Poornima Gupta | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AYUSH VARDHAN SINGHANIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADEEP KUMAR RUSTAGI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 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 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
Wilemina Finance Corp.
Subsidiaries
1
Group entities
1
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 |
|---|---|---|
| Ester Filmtech Limited | Subsidiary Company | 74.00% |
| Wilemina Finance Corp. | Holding Company | 74.00% |
Key managerial personnel: ARVIND SINGHANIA (Managing Director) · SOURABH AGARWAL (CFO) · AYUSH VARDHAN SINGHANIA (Whole-time director) · PRADEEP KUMAR RUSTAGI (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 41+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
45 open charge(s) registered - assets are encumbered.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment91/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 45 open charge(s) of 702.05 cr already registered.
- Compliance record supports lending.
Investor view87/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events10 Oct 2025
Charge created
Hdfc Bank Limited - 11.50 Lakh
26 Sep 2025
Last AGM held
Annual general meeting
29 Aug 2025
Charge satisfied
Yes Bank Limited
31 Jul 2025
Charge created
Others - 35.00 cr
19 Jul 2025
Charge created
Hdfc Bank Limited - 19.65 Lakh
Charge created
Hdfc Bank Limited - 10.00 Lakh
25 Jun 2025
Director ceased
ABHAY ANANT GUPTE
06 May 2025
Director appointed
ABHAY ANANT GUPTE (Director)
21 Apr 2025
Charge created
Hdfc Bank Limited - 10.00 Lakh
31 Mar 2025
Latest balance sheet
Filed with ROC
27 Mar 2025
Charge created
Hdfc Bank Limited - 1.08 cr
04 Feb 2025
Charge created
Hdfc Bank Limited - 22.89 Lakh
30 Jan 2025
Charge satisfied
Karnataka Bank Ltd.
23 Dec 2024
Charge created
Hdfc Bank Limited - 18.00 Lakh
06 Nov 2024
Charge satisfied
Others
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); board looks stable and experienced.
4 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A2 from Crisil.
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.
| Company | CIN | Location |
|---|---|---|
| Polyhose India | U25191TN2004PTC053900 | Sriperumbudur, Tamil Nadu, India |
| Polyhose | U25209TN1996PTC034257 | Chennai, Tamil Nadu, India |
| Flair | L51100MH2016PLC284727 | Mumbai, Maharashtra, India |
| Sanghicement | L18209GJ1985PLC157787 | Daskroi, Gujarat, India |
| Myhomegroup | U02695TG2006PTC112441 | Hyderabad, Telangana, India |
| Jindalpoly | L17111UP1974PLC003979 | Bulandshahr, Uttar Pradesh, India |
| Kothari Agritech | U25203PN2009PTC135094 | Solapur, Maharashtra, India |
| Signet Overseas | L51900MH1985PLC035202 | Bhiwandi, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Ester Industries before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Ester 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 80/100, margin trends, ownership structure and peer set for Ester Industries - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Ester Industries pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Ester Industries - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Ester Industries an active company?
Ester Industries has MCA status “Active” with a compliance score of 80/100 (Low Risk).
Is Ester Industries financially healthy?
Ester Industries has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Ester Industries?
Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Ester Industries?
The ultimate holding entity is Wilemina Finance Corp.. 8 active director(s) are on record.
Does Ester Industries have loans or charges against its assets?
45 open charge(s) are registered against its assets, and 151 earlier charge(s) stand satisfied.
Is Ester Industries up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).
Is it risky to lend to Ester 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.
