Promoter holding
64.27%
IR
Indag Rubber Limited - Due diligence report
A 360° intelligence report on Indag Rubber: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Indag Rubber — 360° Intelligence Report
Generated from MCA filings & public records72/100
Trust Score
Moderate
Indag Rubber is assessed as Moderate with a Trust Score of 72/100. Indag Rubber is an active public limited indian non-government company incorporated in 1978, operating in the Manufacturing 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 high compliance risk and low financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Indag Rubber 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 ScoreModerate
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
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 ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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 (A1).
Charges position: 3 open (48.90 cr) · 12 satisfied (97.59 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Corporation Bank(Lead Bank) | 2 | 48.0 cr |
| Others | 2 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Corporation Bank & Sbbj | 3 | 48.0 cr |
| Corporation Bank | 2 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (7 disclosure(s)).
- 21 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SUSHIL KUMAR DALMIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIKHIL KHANNA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANIL BHARDWAJ | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SONAL GARG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAY SHRINIVAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHIV VIKRAM KHEMKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RANJANA AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJ KUMAR AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NAND LAL KHEMKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UDAY HARSH KHEMKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Vijay Shrinivas | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- No disqualified or deactivated DINs.
- 4 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
-
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 42 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Sun-amp Solar India Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: ANIL BHARDWAJ (CFO) · VIJAY SHRINIVAS (CEO) · NAND LAL KHEMKA (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 65 · Distress 75
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 48+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (42/100).
3 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 11.00 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence61/100
Review suggested
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 assessment79/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 48.90 cr already registered.
- Compliance gaps should be priced into terms.
Investor view74/100
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 events12 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
25 Jun 2024
Director ceased
NIKHIL KHANNA
Director ceased
RANJANA AGARWAL
07 Jun 2024
Director appointed
Vijay Shrinivas (Ceo)
01 Jun 2024
Director appointed
VIJAY SHRINIVAS (CEO)
01 Apr 2024
Director appointed
NIKHIL KHANNA (Director)
Director appointed
RANJANA AGARWAL (Director)
31 Mar 2024
Director ceased
PRITHVI RAJ KHANNA
14 Mar 2024
Charge created
Others - 20.00 cr
02 Aug 2023
Director ceased
SUSHIL KUMAR DALMIA
24 May 2023
Director appointed
SUSHIL KUMAR DALMIA (Director)
30 Sep 2021
Director ceased
VIJAY SHRINIVAS
Director ceased
RAJ KUMAR AGRAWAL
15 Jun 2021
Director appointed
RAJ KUMAR AGRAWAL (Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
11 active director(s) / partner(s); board looks stable and experienced.
21 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A1 from Icra.
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.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Rungta Irrigation | L74899DL1986PLC023934 | New Delhi, Delhi, India |
| Srichakra | U37200TG2010PTC069875 | Hyderabad, Telangana, India |
| Polyspin Exports | L51909TN1985PLC011683 | Tamil Nadu, Tamil Nadu, India |
| True Colors Limited | L17299GJ2021PLC126265 | Surat, Gujarat, India |
| Premier Seals | U01112PN1998PTC013165 | Pune, Maharashtra, India |
| International Conveyors | L21300WB1973PLC028854 | Akalmegh, West Bengal, India |
| Mutual Automotive | U25203MH2012PTC235302 | Thane, Maharashtra, India |
| Beardsell | L65991TN1936PLC001428 | Chennai 6, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indag Rubber before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Indag Rubber: 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 65/100, margin trends, ownership structure and peer set for Indag Rubber - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Indag Rubber 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 Indag Rubber - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Indag Rubber an active company?
Indag Rubber has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Indag Rubber financially healthy?
Indag Rubber has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Indag Rubber?
Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Indag Rubber?
Promoters hold a minority stake - exact percentages are in the full report. 11 active director(s) are on record.
Does Indag Rubber have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 12 earlier charge(s) stand satisfied.
Is Indag Rubber up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Indag Rubber?
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.
