Promoter holding
64.27%
NT
Nezone Tubes Limited - Due diligence report
A 360° intelligence report on Nezone Tubes Limited: trust score, financial health, credit view, compliance, directors, growth and distress s…
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Nezone Tubes Limited — 360° Intelligence Report
Generated from MCA filings & public records90/100
Trust Score
Low Risk
Nezone Tubes Limited is assessed as Low Risk with a Trust Score of 90/100. Nezone Tubes Limited is an active public limited indian non-government company incorporated in 1981, operating in the Manufacturing sector. Reported revenue has declined 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 03 Jul 2026 from the latest processed filings. Nezone Tubes 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
90/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
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
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 1 open (61.00 cr) · 6 satisfied (494.11 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 5 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 1 | 48.0 cr |
Compliance Score: 86/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 2 court forum(s).
- 2 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PRADIP KUMAR AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MRINAL KANTI GHOSH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RITU BESWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISH AGARWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANWAR MAL AGARWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBHASH CHANDRA AGARWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANOJ BESWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NIMESH HARLALKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sudip Roy | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 3 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 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
4 allotment(s) · 4 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Nezone Tubes (tn) Limited | Subsidiary Company | 74.00% |
| Nezone Tubes (utkal) Limited | Associate Company | 74.00% |
Key managerial personnel: PRADIP KUMAR AGARWAL (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 50 · Distress 80
Growth signals & trust indicators
Latest year revenue grew 2.1x.
Operating for 44+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 director exits within 2 years.
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 diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment93/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 61.00 cr already registered.
- Compliance record supports lending.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events27 Sep 2025
Last AGM held
Annual general meeting
26 Sep 2025
Director ceased
MANISH AGARWALA
21 Apr 2025
Charge satisfied
State Bank Of India
02 Apr 2025
Director appointed
MANISH AGARWALA (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
30 Mar 2025
Director ceased
Sudip Roy
10 Mar 2025
Director appointed
Sudip Roy (Director)
Director ceased
NIMESH HARLALKA
25 Nov 2024
Charge created
Axis Bank Limited - 61.00 cr
10 Dec 2022
Director ceased
ASHOK KUMAR AGARWALA
06 Jul 2022
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
29 Nov 2021
Charge satisfied
State Bank Of India
31 Jan 2021
Securities allotted
9 Equity Shares - 90.00 raised
01 Dec 2020
Director ceased
AKSHIT AGARWALA
27 Jul 2020
Director appointed
MRINAL KANTI GHOSH (Director)
10
Key Observations
Auto-generated from the data aboveRevenue declined 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.
Compliance record is strong - status, filings and flags are clean.
9 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity 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.
| Company | CIN | Location |
|---|---|---|
| Shyam Ferrous Limited | U27103UP1996PLC019538 | Kanpur, Uttar Pradesh, India |
| Saapl | U29199TZ1998PTC008320 | Tamilnadu, Tamil Nadu, India |
| Choksi Heraeus Private Limited | U36911RJ1988PTC004625 | Udaipur, Rajasthan, India |
| Sai Infinium Limited | U35105GJ2004PLC044607 | Bhavnagar, Gujarat, India |
| Balaji Extrusions And Cables Private Limited | U31300MH1998PTC113537 | Thane, Maharashtra, India |
| Krishna Iron Strips And Tubes Pvt Ltd | U28931CT1995PTC009959 | Raipur, Chattisgarh, India |
| Matsyodari Steel And Alloy Private Limited | U29295MH1993PTC073526 | Jalna, Maharashtra, India |
| Automobile Corporation Of Goa | L35911GA1980PLC000400 | Goa, Goa, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Nezone Tubes Limited before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Nezone Tubes 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 50/100, margin trends, ownership structure and peer set for Nezone Tubes Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 90/100, distress signals and MSME payment-delay disclosures - know whether Nezone Tubes 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 Nezone Tubes Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Nezone Tubes Limited an active company?
Nezone Tubes Limited has MCA status “Active” with a compliance score of 86/100 (Low Risk).
Is Nezone Tubes Limited financially healthy?
Nezone Tubes Limited has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Nezone Tubes Limited?
Its overall Trust Score is 90/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Nezone Tubes Limited?
Promoters hold the largest single block of equity - exact percentages are in the full report. 9 active director(s) are on record.
Does Nezone Tubes 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 Nezone Tubes Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).
Is it risky to lend to Nezone Tubes 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.
