Hero Ecotech Limited - Due diligence report

A 360° intelligence report on Hero Eco: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…

2008-11-06 Village Mangli, Punjab Active Unlisted Active Compliant
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HE Hero Ecotech Limited
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Hero Eco — 360° Intelligence Report

Generated from MCA filings & public records
82/100
Trust Score
Low Risk

Hero Eco is assessed as Low Risk with a Trust Score of 82/100. Hero Eco is an active public limited indian non-government company incorporated in 2008, 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 28 Jun 2026 from the latest processed filings. Hero Ecotech Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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
82/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
60/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
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: 70/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (A-).

Charges position: 6 open (153.99 cr) · 5 satisfied (44.50 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited3 48.0 cr
State Bank Of India1 48.0 cr
Others3 48.0 cr
Axis Bank Limited2 48.0 cr
Bank Of India1 48.0 cr
Daimler Financial Services India Private Limited1 48.0 cr
Compliance Score: 60/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 3 court forum(s).
  • Delayed payments to MSME suppliers disclosed (8 disclosure(s)).
  • 8 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
ANIL KUMAR 01234567 Director 01/04/2018 6 yrs Approved
HARISH BHATT 01234567 Director 01/04/2018 6 yrs Approved
GAURAV MUNJAL 01234567 Director 01/04/2018 6 yrs Approved
VIJAY MUNJAL 01234567 Director 01/04/2018 6 yrs Approved
Shivom Munjal 01234567 Director 01/04/2018 6 yrs Approved
SAMITA MUNJAL 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
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 2024 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
1 allotment(s) · 0 transfer(s)

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

Key managerial personnel: GAURAV MUNJAL (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 80
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Operating for 17+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
6 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 22.76 Lakh.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence73/100
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 assessment75/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 6 open charge(s) of 153.99 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view82/100
Positive growth 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 2024
Last AGM held
Annual general meeting
29 Sep 2024
Director ceased
Shivom Munjal
06 Aug 2024
Director appointed
Shivom Munjal (Director)
20 May 2024
Director ceased
NAVEEN MUNJAL
31 Mar 2024
Latest balance sheet
Filed with ROC
18 Mar 2024
Charge satisfied
Axis Bank Limited
20 Feb 2024
Charge satisfied
Others
16 Feb 2024
Charge satisfied
Daimler Financial Services India Private Limited
30 Jan 2024
Charge created
Bank Of India - 1.30 cr
22 Mar 2023
Charge created
Hdfc Bank Limited - 47.00 cr
21 Aug 2021
Charge created
Hdfc Bank Limited - 19.00 Lakh
20 May 2021
Charge satisfied
Others
22 Jan 2021
Charge created
Axis Bank Limited - 20.00 cr
31 Dec 2020
Director ceased
GAURAV MUNJAL
20 Mar 2020
Charge created
Axis Bank Limited - 49.51 Lakh
10

Key Observations

Auto-generated from the data above
Revenue 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 - manageable leverage.
Net worth is positive.
6 active director(s) / partner(s); board looks stable and experienced.
8 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A- from Care.
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 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Yanfeng Seating (India) Private Limited U74999GJ2018FTC102620 Vadodara, Gujarat, India
Kyb Motorcycle Suspension India Private Limited U34100TN2012FTC088875 Kanchipuram, Tamil Nadu, India
Kawasaki U34100PN2010PTC136735 Village Khalumbre Taluka Khed, Maharashtra, India
Atul Auto L54100GJ1986PLC016999 Rajkot Rajkot, Gujarat, India
Sekisuidljm U25200DL2011PTC218912 Delhi, Delhi, India
Kross Limited L29100JH1991PLC004465 Seraikella Kharsawan, Jharkhand, India
Roop U34300HR1990PLC030932 Gurgaon, Haryana, India
Minda Corp. U74899DL1995PLC066645 Delhi, Delhi, India
12

Who Uses This Report

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

Verify Hero Eco before audits and certifications: compliance score 60/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Hero Eco: 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 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 70/100, margin trends, ownership structure and peer set for Hero Eco - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 82/100, distress signals and MSME payment-delay disclosures - know whether Hero Eco 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 Hero Eco - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Hero Eco an active company?

Hero Eco has MCA status “Active” with a compliance score of 60/100 (Moderate).

Is Hero Eco financially healthy?

Hero Eco has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Hero Eco?

Its overall Trust Score is 82/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Hero Eco?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Hero Eco have loans or charges against its assets?

6 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.

Is Hero Eco up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 60/100 (Moderate).

Is it risky to lend to Hero Eco?

Its Credit Risk Score is 70/100 (Moderate). 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.