M. G. Steels Limited - Due diligence report

A 360° intelligence report on M. G. Steels Limited: trust score, financial health, credit view, compliance, directors, growth and distress s…

1986-08-18 New Delhi, Delhi Active Unlisted Active Compliant
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MG M. G. Steels Limited
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M. G. Steels Limited — 360° Intelligence Report

Generated from MCA filings & public records
91/100
Trust Score
Low Risk

M. G. Steels Limited is assessed as Low Risk with a Trust Score of 91/100. M. G. Steels Limited is an active public limited indian non-government company incorporated in 1986, operating in the Financial Services 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 low compliance risk and low financial risk profile.

Report generated on 08 Aug 2026 from the latest processed filings. M. G. Steels Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › 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
91/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
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
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 12 satisfied (70.60 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Citi Bank N.A.1 48.0 cr
Hdfc Bank Limited1 48.0 cr
Others7 48.0 cr
Bank Of Maharashtra2 48.0 cr
Central Bank Of India1 48.0 cr
Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SANJAY LEEKHA 01234567 Director 01/04/2018 6 yrs Approved
ANANDIKA LEEKHA TANDON 01234567 Director 01/04/2018 6 yrs Approved
CHARU LEEKHA 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.
06

Ownership & Group Intelligence

As per FY 2023 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
Studds Accessories Ltd.
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 8 transfer(s)

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

Group entityRelationship% held
Studds Accessories Ltd. Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 39+ years.
Active GST registration(s).
Distress signals & risk flags
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence92/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment92/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
16 Oct 2025
Charge satisfied
Hdfc Bank Limited
30 Sep 2025
Last AGM held
Annual general meeting
12 Sep 2025
Charge satisfied
Citi Bank N.A.
31 Mar 2025
Latest balance sheet
Filed with ROC
21 Jun 2023
Charge created
Citi Bank N.A. - 25.00 cr
Charge created
Hdfc Bank Limited - 25.00 cr
13 Dec 2022
Charge satisfied
Others
24 Nov 2022
Charge satisfied
Others
18 Apr 2022
Charge created
Others - 68.43 Lakh
18 Sep 2020
Charge created
Others - 56.98 Lakh
17 Jul 2020
Charge created
Others - 39.60 Lakh
26 Dec 2019
Charge created
Others - 4.80 cr
Charge satisfied
Others
09 Dec 2019
Charge created
Others - 2.00 cr
29 Sep 2018
Director ceased
SANJAY LEEKHA
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 12 registered charge(s) stand satisfied - past borrowings repaid.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Stellar Spring Projects Private Limited U70102DL2010PTC202540 New Delhi, Delhi, India
Squaremark Homes Private Limited U70102WB2016PTC209090 Kolkata, West Bengal, India
Kbgm Developers Private Limited U70101MP2012PTC027666 Datia, Madhya Pradesh, India
Unitop Projects And Services Private Limited U99999MH1988PTC046425 Thane, Maharashtra, India
G K J Infotech Private Limited U72200DL2005PTC143502 Delhi, Delhi, India
Propbiz Advisors Private Limited U70109PN2022PTC210305 Pune, Maharashtra, India
Prred India U70100TG2019PTC137093 Hyderabad, Telangana, India
Profin Warehousing And Leasing Limited U63023MH1996PLC097036 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify M. G. Steels Limited before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of M. G. Steels Limited: 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 85/100, margin trends, ownership structure and peer set for M. G. Steels Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 91/100, distress signals and MSME payment-delay disclosures - know whether M. G. Steels Limited 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 M. G. Steels Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is M. G. Steels Limited an active company?

M. G. Steels Limited has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is M. G. Steels Limited financially healthy?

M. G. Steels Limited has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with M. G. Steels Limited?

Its overall Trust Score is 91/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls M. G. Steels Limited?

The ultimate holding entity is Studds Accessories Ltd.. 3 active director(s) are on record.

Does M. G. Steels Limited have loans or charges against its assets?

No open charges - all 12 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is M. G. Steels Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).

Is it risky to lend to M. G. Steels Limited?

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.