Fitex Industries Ltd - Due diligence report

A 360° intelligence report on Fitex Industries Ltd: trust score, financial health, credit view, compliance, directors, growth and distress s…

1981-12-21 Punjab, Punjab Active Unlisted Active Compliant
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Fitex Industries Ltd — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Fitex Industries Ltd is assessed as Low Risk with a Trust Score of 80/100. Fitex Industries Ltd is an active public limited indian non-government company incorporated in 1981, operating in the Automotive 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 moderate compliance risk and low financial risk profile.

Report generated on 02 Oct 2026 from the latest processed filings. Fitex Industries Ltd snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong 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 ScoreLow Risk
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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.

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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: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Profitable - internal accruals available.
  • Externally credit-rated (BB-).

Charges position: 17 open (104.75 cr) · 16 satisfied (98.93 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others8 48.0 cr
Hdfc Bank Limited7 48.0 cr
State Bank Of India6 48.0 cr
Canara Bank1 48.0 cr
Sidbi6 48.0 cr
Small Industries Development Bank Of India3 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2024 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SANJEEV KUMAR 01234567 Director 01/04/2018 6 yrs Approved
GAURAV GOEL 01234567 Director 01/04/2018 6 yrs Approved
SITAL PARKASH 01234567 Director 01/04/2018 6 yrs Approved
  • 3 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 2023)
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 2025 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
3 allotment(s) · 0 transfer(s)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Net margin improved to 61%.
Operating for 44+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
17 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.
  • Check the compliance flags before onboarding.
  • 1 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.
  • 17 open charge(s) of 104.75 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view84/100
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 events
18 Nov 2025
Charge created
Canara Bank - 25.00 cr
18 Sep 2025
Charge satisfied
Others
17 Sep 2025
Charge created
Others - 3.50 cr
13 Aug 2025
Charge created
Others - 17.50 cr
05 Aug 2025
Charge created
Hdfc Bank Limited - 16.60 Lakh
24 Jul 2025
Charge satisfied
Others
26 Jun 2025
Charge created
Hdfc Bank Limited - 10.00 Lakh
05 May 2025
Charge created
Others - 3.50 cr
05 Feb 2025
Charge created
Sidbi - 2.33 cr
05 Nov 2024
Charge created
Hdfc Bank Limited - 30.98 Lakh
30 Sep 2024
Last AGM held
Annual general meeting
17 Sep 2024
Charge created
Sidbi - 49.85 Lakh
16 Jul 2024
Charge created
Sidbi - 82.41 Lakh
31 Mar 2024
Latest balance sheet
Filed with ROC
27 Mar 2024
Charge created
Sidbi - 50.00 Lakh
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BB- from Crisil.
EPFO-registered employer - verifiable payroll history exists.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Simplex U27100MP2011PTC025563 Pithampur, Madhya Pradesh, India
Hni Autotech Private Limited U29119TN2016FTC103595 Kancheepuram District, Tamil Nadu, India
Jammu Auto Mart Private Limited U50100JK2008PTC002892 Jammu, Jammu & Kashmir, India
Kinetic Green U31101PN2011PLC139837 Pune, Maharashtra, India
Kohinoor Cycles Private Limited U35921PB1988PTC008810 Punjab, Punjab, India
Enco U29191DL1996PTC079115 New Delhi, Delhi, India
Sangsin U35990TN2010PTC074547 Thiruvallur, Tamil Nadu, India
Agya Auto Limited U34300MP1985PLC003201 Indore, Madhya Pradesh, India
12

Who Uses This Report

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

Verify Fitex Industries Ltd before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Fitex Industries Ltd: 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 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Fitex Industries Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Fitex Industries Ltd 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 Fitex Industries Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Fitex Industries Ltd an active company?

Fitex Industries Ltd has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Fitex Industries Ltd financially healthy?

Fitex Industries Ltd has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Fitex Industries Ltd?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Fitex Industries Ltd?

See the directors and ownership sections above for board and shareholding detail. 3 active director(s) are on record.

Does Fitex Industries Ltd have loans or charges against its assets?

17 open charge(s) are registered against its assets, and 16 earlier charge(s) stand satisfied.

Is Fitex Industries Ltd up to date with its ROC filings?

Last balance sheet is for Mar 2024 - filings overdue. Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Fitex Industries Ltd?

Its Credit Risk Score is 35/100 (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.