Promoter holding
64.27%
MS
Manaksia Steels Limited - Due diligence report
A 360° intelligence report on Manaksia Steels: trust score, financial health, credit view, compliance, directors, growth and distress signal…
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Manaksia Steels — 360° Intelligence Report
Generated from MCA filings & public records78/100
Trust Score
Low Risk
Manaksia Steels is assessed as Low Risk with a Trust Score of 78/100. Manaksia Steels is an active public limited indian non-government company incorporated in 2001, operating in the Metals and Minerals 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 17 Jul 2026 from the latest processed filings. Manaksia Steels 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 ScoreLow Risk
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
55/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
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: 60/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A-).
Charges position: 7 open (460.00 cr) · 6 satisfied (277.35 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Hdfc Bank Limited | 2 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
| Others | 4 | 48.0 cr |
| Yes Bank Limited | 2 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Idbi Bank Limited | 1 | 48.0 cr |
Compliance Score: 55/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: NSE, BSE.
- Litigation present in 1 court forum(s).
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJESH SINGHANIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MRINAL KANTI PAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINEET AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURESH KUMAR AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIDHI BAHETI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMESH KUMAR MAHESHWARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VARUN AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AJAY SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINEET AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BISWANATH BHATTACHARJEE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH SINGHANIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 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 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
-
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Far East Steel Industries Limited | Subsidiary Company | 74.00% |
| Federated Steel Mills Limited | Subsidiary Company | 74.00% |
| Sumo Agrochem Limited | Subsidiary Company | 74.00% |
| Technomet International Fze | Subsidiary Company | 74.00% |
Key managerial personnel: RAJESH SINGHANIA (CFO) · VINEET AGRAWAL (CEO) · VARUN AGRAWAL (Managing Director) · VINEET AGRAWAL (CEO) · RAJESH SINGHANIA (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 25+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (55/100).
7 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 16.88 Lakh.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence68/100
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 assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 7 open charge(s) of 460.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view79/100
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 events23 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
18 Sep 2024
Director ceased
KALI KUMAR CHAUDHURI
17 Sep 2024
Director ceased
BISWANATH BHATTACHARJEE
16 Jul 2024
Director appointed
BISWANATH BHATTACHARJEE (Director)
14 Aug 2023
Charge created
Yes Bank Limited - 75.00 cr
31 Mar 2022
Charge satisfied
Others
21 Sep 2021
Director ceased
NIDHI BAHETI
16 Jun 2021
Director appointed
NIDHI BAHETI (Director)
21 May 2021
Director ceased
SMITA KHAITAN
30 Mar 2021
Charge created
Standard Chartered Bank - 10.00 cr
04 Jan 2021
Charge satisfied
Others
30 Dec 2020
Charge created
Hdfc Bank Limited - 75.00 cr
23 Dec 2020
Charge created
Hdfc Bank Limited - 110.00 cr
07 Nov 2020
Charge satisfied
Yes Bank Limited
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.
1 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 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.
2 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Alankar Alloys Private Limited | U02710CT2006PTC018298 | Raipur, Chattisgarh, India |
| Adityaultrasteel | L27100GJ2011PLC066552 | Wankaner, Gujarat, India |
| Dadijee Steel Manufacturing & Trading Private Limited | U15139JH2013PTC001807 | Koderma, Jharkhand, India |
| Rajratan Global Wire | L27106MP1988PLC004778 | Indore., Madhya Pradesh, India |
| Ucal Fuel Systems | L31900TN1985PLC012343 | Chennai, Tamil Nadu, India |
| Caparo | U74899DL1994PLC058269 | New Delhi, Delhi, India |
| Arfin India | L65990GJ1992PLC017460 | Kalol, Gujarat, India |
| Masters India | U24202DL1999PTC099890 | Shahdara, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Manaksia Steels before audits and certifications: compliance score 55/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Manaksia Steels: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Manaksia Steels - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Manaksia Steels 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 Manaksia Steels - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Manaksia Steels an active company?
Manaksia Steels has MCA status “Active” with a compliance score of 55/100 (Moderate).
Is Manaksia Steels financially healthy?
Manaksia Steels has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Manaksia Steels?
Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Manaksia Steels?
Promoters hold a minority stake - exact percentages are in the full report. 11 active director(s) are on record.
Does Manaksia Steels have loans or charges against its assets?
7 open charge(s) are registered against its assets, and 6 earlier charge(s) stand satisfied.
Is Manaksia Steels up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 55/100 (Moderate).
Is it risky to lend to Manaksia Steels?
Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
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.
