Promoter holding
64.27%
IS
Ipi Steel Ltd - Due diligence report
A 360° intelligence report on Ipi Steel Ltd: trust score, financial health, credit view, compliance, directors, growth and distress signals …
IS
Ipi Steel Ltd
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Ipi Steel Ltd — 360° Intelligence Report
Generated from MCA filings & public records57/100
Trust Score
Moderate
Ipi Steel Ltd is assessed as Moderate with a Trust Score of 57/100. Ipi Steel Ltd is an active public limited indian non-government company incorporated in 1983, operating in the Metals and Minerals sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Ipi Steel Ltd 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
57/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
56/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
15/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
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.
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: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
Charges position: 0 open (-) · 6 satisfied (78.18 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 1 | 48.0 cr |
| Srei Equipment Finance Private Limited | 2 | 48.0 cr |
| Others | 1 | 48.0 cr |
| Small Industries Development Bank Of India (Sidbi) | 1 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
Compliance Score: 56/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: NSDL, EPFO.
- Litigation present in 2 court forum(s).
- 1 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SOPHINA SAHOO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUPRASANNA SAHOO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SONAL SAHOO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHRINIBASH SAHOO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
06
Ownership & Group Intelligence
As per FY 2023 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
Crackers India(alloys) Limited
Subsidiaries
-
Group entities
-
Capital events
-
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Crackers India(alloys) Limited | Holding Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 55
Growth signals & trust indicators
Operating for 43+ years.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
Compliance score is weak (56/100).
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence56/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment39/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view36/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
27 Aug 2021
Charge satisfied
Others
Charge satisfied
Srei Equipment Finance Private Limited
25 Aug 2021
Charge satisfied
Small Industries Development Bank Of India (Sidbi)
01 Nov 2020
Director ceased
JOGEN SAHOO KUMAR
Director ceased
CHITTA RANJAN RATH
Director ceased
PRAMOD KUMAR JENA
15 Mar 2017
Charge created
Others - 5.00 cr
20 Jan 2015
Charge satisfied
Axis Bank Limited
27 Sep 2013
Charge created
Axis Bank Limited - 2.00 cr
26 Sep 2013
Director ceased
NATARAJAN HARIHARAN
31 Jan 2013
Charge satisfied
Srei Equipment Finance Private Limited
22 Dec 2012
Charge created
Srei Equipment Finance Private Limited - 10.56 cr
01 Apr 2012
Director ceased
SONAL SAHOO
10
Key Observations
Auto-generated from the data aboveRevenue declined 38% over the last 4 financial year(s).
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 6 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
| Company | CIN | Location |
|---|---|---|
| Parsvanath Extrusion Private Limited | U31300DL2004PTC127764 | Delhi, Delhi, India |
| Supreme Pressfab Private Limited | U28932MH1994PTC083317 | Nashik, Maharashtra, India |
| M U Steels Private Limited | U27100DL2011PTC228818 | New Delhi, Delhi, India |
| Best Quality Fasteners Limited | U27205DL2020PLC374214 | Delhi, Delhi, India |
| Aarti Structures Private Limited | U28112MH2009PTC198145 | Nashik, Maharashtra, India |
| Psl Engineering Private Ltd | U74899DL1987PTC028992 | New Delhi, Delhi, India |
| Ashoka Alloy Steels Private Limited | U45202HP1972PTC010197 | Himachal Pradesh, Himachal Pradesh, India |
| Largebox Warehousing Private Limited | U74110RJ1993PTC007586 | Old Fateh Pura,Udaipur, Rajasthan, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Ipi Steel Ltd before audits and certifications: compliance score 56/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Ipi Steel 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: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Ipi Steel Ltd - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 57/100, distress signals and MSME payment-delay disclosures - know whether Ipi Steel Ltd pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Ipi Steel Ltd - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Ipi Steel Ltd an active company?
Ipi Steel Ltd has MCA status “Active” with a compliance score of 56/100 (Moderate).
Is Ipi Steel Ltd financially healthy?
Ipi Steel Ltd has a Financial Health Score of 15/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Ipi Steel Ltd?
Its overall Trust Score is 57/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Ipi Steel Ltd?
The ultimate holding entity is Crackers India(alloys) Limited. 4 active director(s) are on record.
Does Ipi Steel Ltd have loans or charges against its assets?
No open charges - all 6 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Ipi Steel Ltd up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 56/100 (Moderate).
Is it risky to lend to Ipi Steel Ltd?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
