Promoter holding
64.27%
NP
Naini Papers Limited - Due diligence report
A 360° intelligence report on Naini Papers Limited: trust score, financial health, credit view, compliance, directors, growth and distress s…
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Naini Papers Limited — 360° Intelligence Report
Generated from MCA filings & public records70/100
Trust Score
Moderate
Naini Papers Limited is assessed as Moderate with a Trust Score of 70/100. Naini Papers Limited is an active public limited indian non-government company incorporated in 1995, operating in the Manufacturing 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 16 Aug 2026 from the latest processed filings. Naini Papers 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
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
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 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: 80/100 Low Risk
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (BBB+).
Charges position: 2 open (999.00 cr) · 16 satisfied (863.72 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 2 | 48.0 cr |
| Hdfc Bank Limited | 3 | 48.0 cr |
| Others | 3 | 48.0 cr |
| Punjab National Bank | 4 | 48.0 cr |
| State Bank Of India | 5 | 48.0 cr |
| U.P. Financial Corporation | 1 | 48.0 cr |
Compliance Score: 68/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 3 court forum(s).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MAYANK AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MUKESH KUMAR TYAGI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUDHIR BHANSALI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MOHIT JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VARUN JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PAWAN AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIVEK SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRACHI AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Narayanaswamy Alampallam Ramakrishnan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pankaj Dhirajlal Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rucha Pankaj Vikharankar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- SUDHIR BHANSALI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 1 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 2024 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
2 allotment(s) · 2 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
Key managerial personnel: MAYANK AGARWAL (Whole-time director) · MUKESH KUMAR TYAGI (Whole-time director) · PAWAN AGARWAL (Managing Director) · PRACHI AGARWAL (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
Outside liabilities up 24% in a year.
2 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 diligence65/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment77/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 999.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view78/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events11 Nov 2025
Director appointed
Rucha Pankaj Vikharankar (Cfo)
19 Aug 2025
Director appointed
SUDHIR BHANSALI (Additional Director)
Director appointed
Narayanaswamy Alampallam Ramakrishnan (Additional Director)
Director appointed
Pankaj Dhirajlal Shah (Additional Director)
20 Mar 2025
Director ceased
VARUN JAIN
28 Jan 2025
Director appointed
VARUN JAIN (Director)
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
17 Apr 2023
Charge created
Sbicap Trustee Company Limited - 600.00 cr
19 Oct 2022
Charge satisfied
Hdfc Bank Limited
31 Mar 2022
Share transfer (FY 2022)
1458372.00000000 shares to MADHU AGARWAL
29 Oct 2021
Director ceased
PRADEEP KUMAR AGARWAL
01 Jul 2021
Director appointed
MUKESH KUMAR TYAGI (Whole-time director)
14 May 2021
Director ceased
SUMOD KUMAR AGARWAL
06 May 2021
Director ceased
PRAMOD KUMAR AGARWAL
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
11 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB+ from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Kokuyocamlin | L24223MH1946PLC005434 | Mumbai, Maharashtra, India |
| Pudumjee Paper Products Limite | L21098PN2015PLC153717 | Pune, Maharashtra, India |
| Genus Paper & Boards | L21098UP2012PLC048300 | Moradabad, Uttar Pradesh, India |
| Shah Paper Mills Limited | U21010MH1990PLC057464 | Mumbai, Maharashtra, India |
| Rushil | L25209GJ1993PLC019532 | Mansa, Gujarat, India |
| Maheshwari Logistics | L60232GJ2006PLC049224 | Vapi, Gujarat, India |
| Stylam | L20211CH1991PLC011732 | Chandigarh Ut, Chandigarh, India |
| Kuantum Papers | L21012PB1997PLC035243 | Saila Khurd, Punjab, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Naini Papers Limited before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Naini Papers 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 80/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Naini Papers Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Naini Papers Limited 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 Naini Papers Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Naini Papers Limited an active company?
Naini Papers Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).
Is Naini Papers Limited financially healthy?
Naini Papers Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Naini Papers Limited?
Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Naini Papers Limited?
Promoters hold the largest single block of equity - exact percentages are in the full report. 11 active director(s) are on record.
Does Naini Papers Limited have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 16 earlier charge(s) stand satisfied.
Is Naini Papers Limited up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 68/100 (Moderate).
Is it risky to lend to Naini Papers Limited?
Its Credit Risk Score is 80/100 (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.
