Express Toll Roads Limited - Due diligence report

A 360° intelligence report on Express Toll Roads Limited: trust score, financial health, credit view, compliance, directors, growth and dist…

2016-05-06 Mumbai, Maharashtra Active Unlisted Active Compliant
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Express Toll Roads Limited — 360° Intelligence Report

Generated from MCA filings & public records
71/100
Trust Score
Moderate

Express Toll Roads Limited is assessed as Moderate with a Trust Score of 71/100. Express Toll Roads Limited is an active public limited indian non-government company incorporated in 2016, operating in the Infrastructure and Utilities sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.

Report generated on 19 Jul 2026 from the latest processed filings. Express Toll Roads Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Strong
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
71/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
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: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Profitable - internal accruals available.

Charges position: 5 open (1,679.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
Idbi Trusteeship Services Limited3 48.0 cr
Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
MILIND KASHIRAM JADHAV 01234567 Director 01/04/2018 6 yrs Approved
BIKRAMJIT SINGH 01234567 Director 01/04/2018 6 yrs Approved
SANDESH UDAY JADHAV 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
06

Ownership & Group Intelligence

As per FY 2021 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
Essel Infraprojects Limited
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Essel Infraprojects Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 55
Growth signals & trust indicators
Profit expanded 38% year-on-year.
Operating for 10+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
5 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence75/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment55/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 1,679.00 cr already registered.
  • Compliance record supports lending.
Investor view52/100
Mixed 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 events
26 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
21 Aug 2024
Director ceased
BIKRAMJIT SINGH
28 Feb 2024
Director appointed
BIKRAMJIT SINGH (Director)
24 Sep 2023
Director ceased
SANDESH UDAY JADHAV
30 Mar 2023
Director appointed
SANDESH UDAY JADHAV (Director)
28 Sep 2022
Director ceased
MILIND KASHIRAM JADHAV
28 Aug 2022
Director appointed
MILIND KASHIRAM JADHAV (Director)
30 Nov 2021
Director ceased
RAHUL RAMESH SINGH
Director ceased
ANJANI KUMAR DAS
06 Aug 2020
Director ceased
HARISH MEHTA
28 Mar 2020
Securities allotted
450000000 Debentures - 45.00 cr raised
30 Sep 2019
Director ceased
OKESH KUMAR
Director ceased
KISHORE KUMAR SAHOO
21 Sep 2019
Securities allotted
450000000 Debentures - 45.00 cr raised
10

Key Observations

Auto-generated from the data above
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2021 annual return.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sai Sumanth Infrastructure Private Limited U45209TG2011PTC072111 Hyderabad, Telangana, India
Jaabilli Constructions Private Limited U45309TG2016PTC112461 Hyderabad, Telangana, India
India Ocean Maritime Engineering Company Private Limited U45209MH2012FTC237626 West Mumbai, Maharashtra, India
Chinki Construction Private Limited U50045BR2006PTC012467 Patna, Bihar, India
Krishik Infrastructure Developers Private Limited U70101OR2012PTC014957 Bhubsneswar, Orissa, India
Dynamicengineers Infratrack Private Limited U45203RJ2007PTC025153 Kota, Rajasthan, India
Abyudhaya Constructions Development Private Limited U45309UP2016PTC084735 Lucknow, Uttar Pradesh, India
Mahashiv Promoters Private Limited U45201DL2003PTC119511 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Express Toll Roads Limited before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Express Toll Roads 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Express Toll Roads Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 71/100, distress signals and MSME payment-delay disclosures - know whether Express Toll Roads Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Express Toll Roads Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Express Toll Roads Limited an active company?

Express Toll Roads Limited has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is Express Toll Roads Limited financially healthy?

Express Toll Roads Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Express Toll Roads Limited?

Its overall Trust Score is 71/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Express Toll Roads Limited?

The ultimate holding entity is Essel Infraprojects Limited. 3 active director(s) are on record.

Does Express Toll Roads Limited have loans or charges against its assets?

5 open charge(s) are registered against its assets.

Is Express Toll Roads Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).

Is it risky to lend to Express Toll Roads Limited?

Its Credit Risk Score is 50/100 (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.