Promoter holding
64.27%
MI
Manugraph India Limited - Due diligence report
A 360° intelligence report on Manugraph: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…
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Manugraph — 360° Intelligence Report
Generated from MCA filings & public records66/100
Trust Score
Moderate
Manugraph is assessed as Moderate with a Trust Score of 66/100. Manugraph is an active public limited indian non-government company incorporated in 1972, operating in the Machinery and Equipment 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 high compliance risk and moderate financial risk profile.
Report generated on 31 Jul 2026 from the latest processed filings. Manugraph India 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
66/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 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
- Negative operating earnings - debt service depends on external support.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Externally credit-rated (A1).
Charges position: 4 open (1.33 cr) · 7 satisfied (287.47 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 4 | 48.0 cr |
| Export-Import Bank Of India | 2 | 48.0 cr |
| Export Import Bank Of India | 1 | 48.0 cr |
| Central Bank Of India | 4 | 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: BSE.
- Litigation present in 3 court forum(s).
- 2 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MADHAVI HARSH KILACHAND | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHAILESH BABURAO SHIRGUPPI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BASHEERA JUZER INDOREWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIMISH JAYANT VAKIL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mihir V. Mehta | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY SANAT SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADEEP SANAT SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KONASAMUDRAM NAGESHWARAN PADMANABHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mihir Virendra Mehta | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- MADHAVI HARSH KILACHAND has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 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 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
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Manugraph Americas Inc | Subsidiary Company | 74.00% |
Key managerial personnel: SHAILESH BABURAO SHIRGUPPI (Whole-time director) · SANJAY SANAT SHAH (Managing Director) · PRADEEP SANAT SHAH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 50 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 1.42.
Operating for 54+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (38/100).
4 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence62/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment58/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 1.33 cr already registered.
- Compliance gaps should be priced into terms.
Investor view61/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events18 Sep 2025
Charge satisfied
State Bank Of India
27 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
24 May 2023
Director ceased
NIMISH JAYANT VAKIL
Director ceased
KONASAMUDRAM NAGESHWARAN PADMANABHAN
03 Mar 2023
Director ceased
HITEN CHANDULAL TIMBADIA
02 Mar 2023
Director appointed
NIMISH JAYANT VAKIL (Director)
Director appointed
KONASAMUDRAM NAGESHWARAN PADMANABHAN (Director)
01 Apr 2022
Director appointed
Mihir Virendra Mehta (Company Secretary)
29 Sep 2021
Director ceased
MADHAVI HARSH KILACHAND
28 Jun 2021
Director appointed
MADHAVI HARSH KILACHAND (Director)
Director ceased
SANAT MANILAL SHAH
27 Jun 2021
Director ceased
SANJAY SANAT SHAH
07 Oct 2020
Director ceased
BHUPAL BABURAO NANDGAVE
22 Sep 2020
Director ceased
SHAILESH BABURAO SHIRGUPPI
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A1 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
14 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Encardio Rite Electronics Private Limited | U32109UP1966PTC003122 | U P, Uttar Pradesh, India |
| The Eimco-K.C.P. Limited | U27209TN1967PLC005550 | Chennai, Tamil Nadu, India |
| Lemken India Agro Equipment Private Limited | U74210MH2008PTC188977 | Nagpur, Maharashtra, India |
| Masta Bearing Housing | U29299GJ2004PTC044542 | Ahmedabad, Gujarat, India |
| Viridis Engineering India Private Limited | U29100TZ2014PTC020311 | Coimbatore, Tamil Nadu, India |
| Ams Bhargava Machining Private Limited | U28930KA2007PTC043919 | Bangalore, Karnataka, India |
| Barkat Technologies Private Limited | U28112HR2009PTC038792 | Ballabgarh, Haryana, India |
| Rb Group | U29211PB1996PTC018511 | Punjab, Punjab, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Manugraph 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 Manugraph: 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: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Manugraph - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 66/100, distress signals and MSME payment-delay disclosures - know whether Manugraph 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 Manugraph - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Manugraph an active company?
Manugraph has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).
Is Manugraph financially healthy?
Manugraph has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Manugraph?
Its overall Trust Score is 66/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Manugraph?
Promoters hold a majority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Manugraph have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 7 earlier charge(s) stand satisfied.
Is Manugraph 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 Manugraph?
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.
