Promoter holding
64.27%
MS
Mysore Steels Limited - Due diligence report
A 360° intelligence report on Mysore Steels Limited: trust score, financial health, credit view, compliance, directors, growth and distress …
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Mysore Steels Limited — 360° Intelligence Report
Generated from MCA filings & public records59/100
Trust Score
Moderate
Mysore Steels Limited is assessed as Moderate with a Trust Score of 59/100. Mysore Steels Limited is an active public limited indian non-government company incorporated in 1973, 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 10 Jul 2026 from the latest processed filings. Mysore 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 ScoreModerate
59/100
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
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 50/100 Moderate
- Negative operating earnings - debt service depends on external support.
- Moderate gearing (D/E 38%).
Charges position: 1 open (31.50 Lakh) · 6 satisfied (67.82 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 1 | 48.0 cr |
| Canara Bank | 3 | 48.0 cr |
| Brindavan Metallics Private Limited | 2 | 48.0 cr |
| Others | 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: EPFO.
- Litigation present in 2 court forum(s).
- 1 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAMARATHNAM VARADHARAJAN KOVATHAKUDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KEERTHANA GOPAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RALLAPALLI RADHAKRISHNA KARANAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GEETHAVANI POLUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RALLAPALLI KARANAM NAGARJUN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RALLAPALLI KARNAM BALASUBRAMANYAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Polur Geetha Vani | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Subramanian Ranganathan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Raghavendra Bhupal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- RAMARATHNAM VARADHARAJAN KOVATHAKUDI 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
Brindavan Metallics Private Limited
Subsidiaries
-
Group entities
-
Capital events
4 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Brindavan Metallics Private Limited | Holding Company | 74.00% |
Key managerial personnel: RALLAPALLI KARANAM NAGARJUN (Whole-time director) · RALLAPALLI KARNAM BALASUBRAMANYAM (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 60
Growth signals & trust indicators
Operating for 52+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Compliance score is weak (56/100).
1 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence58/100
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 assessment48/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 31.50 Lakh already registered.
- Compliance gaps should be priced into terms.
Investor view45/100
Mixed indicators
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2025
Last AGM held
Annual general meeting
28 Aug 2025
Director appointed
Subramanian Ranganathan (Additional Director)
Director appointed
Raghavendra Bhupal (Additional Director)
17 Jul 2025
Charge satisfied
State Bank Of India
31 Mar 2025
Latest balance sheet
Filed with ROC
12 Mar 2024
Director appointed
Polur Geetha Vani (Cfo)
10 Oct 2023
Director appointed
KEERTHANA GOPAL (Company Secretary)
30 Sep 2022
Director ceased
RAMARATHNAM VARADHARAJAN KOVATHAKUDI
18 May 2022
Director appointed
GEETHAVANI POLUR (Additional Director)
18 Aug 2020
Charge satisfied
Brindavan Metallics Private Limited
24 Jul 2020
Charge created
Others - 31.50 Lakh
13 Jun 2020
Charge satisfied
Brindavan Metallics Private Limited
14 Jun 2019
Director ceased
VENKATESH PRAHLADACHAR CHANDI
29 Sep 2018
Director ceased
SRINIVASA MANDAYAM ISHAMI IYENGAR
Director ceased
RALLAPALLI KARANAM NAGARJUN
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling 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 4 security allotment(s) - amounts available in the full report.
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mysore Steels Limited 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 Mysore 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: Mixed indicators - deeper appraisal suggested. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Mysore Steels Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 59/100, distress signals and MSME payment-delay disclosures - know whether Mysore Steels Limited 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 Mysore Steels Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Mysore Steels Limited an active company?
Mysore Steels Limited has MCA status “Active” with a compliance score of 56/100 (Moderate).
Is Mysore Steels Limited financially healthy?
Mysore Steels Limited has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Mysore Steels Limited?
Its overall Trust Score is 59/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Mysore Steels Limited?
The ultimate holding entity is Brindavan Metallics Private Limited. 9 active director(s) are on record.
Does Mysore Steels Limited have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 6 earlier charge(s) stand satisfied.
Is Mysore Steels Limited 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 Mysore Steels Limited?
Its Credit Risk Score is 50/100 (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.
