Jay Formulations Ltd - Due diligence report

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

1988-06-15 Ahmedabad, Gujarat Active Unlisted Active Compliant
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Jay Formulations Ltd — 360° Intelligence Report

Generated from MCA filings & public records
53/100
Trust Score
Moderate

Jay Formulations Ltd is assessed as Moderate with a Trust Score of 53/100. Jay Formulations Ltd is an active public limited indian non-government company incorporated in 1988, operating in the Pharma sector. The company has shown revenue growth 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 high compliance risk and high financial risk profile.

Report generated on 25 Jun 2026 from the latest processed filings. Jay Formulations Ltd snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Weak

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
53/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
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
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
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 access

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: 45/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Externally credit-rated (D).

Charges position: 14 open (73.81 cr) · 1 satisfied (13.00 Lakh).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India5 48.0 cr
Sidbi4 48.0 cr
Tata Capital Financial Services Limited1 48.0 cr
The State Bank Of India1 48.0 cr
Others3 48.0 cr
Kotak Mahindra Bank Limited1 48.0 cr
Compliance Score: 38/100 Caution Indicated
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: NCLT.
  • Litigation present in 3 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
HEMANT BHOGILAL MEHTA 01234567 Director 01/04/2018 6 yrs Approved
HITENDRA NIHALCHAND MEHTA 01234567 Director 01/04/2018 6 yrs Approved
DARSHAN BHOGILAL MEHTA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2019)
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 2019 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
12 allotment(s) · 0 transfer(s)

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Operating for 38+ years.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
Compliance score is weak (38/100).
14 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence48/100
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 assessment37/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 14 open charge(s) of 73.81 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view50/100
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
16 Jun 2025
Director ceased
VINOD TARACHAND AGRAWAL
05 May 2025
Director appointed
HEMANT BHOGILAL MEHTA (Additional Director)
Director appointed
HITENDRA NIHALCHAND MEHTA (Additional Director)
Director appointed
DARSHAN BHOGILAL MEHTA (Additional Director)
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
08 Jan 2021
Charge created
Sidbi - 2.80 cr
02 Jan 2021
Charge created
Tata Capital Financial Services Limited - 1.24 cr
31 Dec 2020
Securities allotted
208139 Equity Shares - 2.41 cr raised
08 Sep 2020
Charge created
Others - 12.50 Lakh
30 Jul 2020
Charge created
Others - 12.39 Lakh
24 Jul 2020
Charge created
Sidbi - 2.80 cr
17 Jul 2020
Securities allotted
72413 Equity Shares - 84.00 Lakh raised
06 May 2020
Charge created
Sidbi - 50.00 Lakh
20 Feb 2020
Charge created
Sidbi - 1.70 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of D from Icra.
Promoters hold a majority stake as per the FY 2019 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 12 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Switzerprocess U29255TN2014PTC095662 Chennai, Tamil Nadu, India
Sharda Diesels Private Limited U00350JH2003PTC010196 Ranchi, Jharkhand, India
Kent Intelligent Transportation Systems (India) Private Limited U74900PN2011PTC140934 Pune, Maharashtra, India
Rushabh Instruments L31100MH1982PLC028406 Mumbai, Maharashtra, India
Keymen Tradelink Limited U46201MH2004PLC143794 Mumbai, Maharashtra, India
Keltron U74999KL1972SGC002450 Trivandrum, Kerala, India
Balaji Solutions Private Limited U72900WB2001PTC092912 Howrah, West Bengal, India
Balaji Solutions U72900WB2001PLC092912 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Jay Formulations Ltd before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Jay Formulations 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: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Jay Formulations Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 53/100, distress signals and MSME payment-delay disclosures - know whether Jay Formulations Ltd 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 Jay Formulations Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Jay Formulations Ltd an active company?

Jay Formulations Ltd has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).

Is Jay Formulations Ltd financially healthy?

Jay Formulations Ltd has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Jay Formulations Ltd?

Its overall Trust Score is 53/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Jay Formulations Ltd?

Promoters hold a majority stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Jay Formulations Ltd have loans or charges against its assets?

14 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Jay Formulations Ltd up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 38/100 (Caution Indicated).

Is it risky to lend to Jay Formulations 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.