Polysil Irrigation Systems Limited - Due diligence report

A 360° intelligence report on Polysil Irrigation Systems Limited: trust score, financial health, credit view, compliance, directors, growth …

1985-10-09 Raniya Taluka Savli, Gujarat Active Listed Active Compliant
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PI Polysil Irrigation Systems Limited
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Polysil Irrigation Systems Limited — 360° Intelligence Report

Generated from MCA filings & public records
72/100
Trust Score
Moderate

Polysil Irrigation Systems Limited is assessed as Moderate with a Trust Score of 72/100. Polysil Irrigation Systems Limited is an active public limited indian non-government company incorporated in 1985, operating in the Agriculture 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 low compliance risk and moderate financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Polysil Irrigation Systems Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 & explainable
Trust ScoreModerate
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
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 access

Scores 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
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Externally credit-rated (BBB-).

Charges position: 3 open (41.92 cr) · 9 satisfied (79.82 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others5 48.0 cr
Hdfc Bank Limited2 48.0 cr
Canara Bank2 48.0 cr
Corporation Bank1 48.0 cr
Siemens Financial Services Private Limited1 48.0 cr
Hdfc Bank Ltd.1 48.0 cr
Compliance Score: 75/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 2 auditor resignation(s) filed - latest: CNK & Associates LLP on 2023-02-11.
  • Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
  • 7 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
BHARATKUMAR TULSHIBHAI PATEL 01234567 Director 01/04/2018 6 yrs Approved
Preet Bharatbhai Savani 01234567 Director 01/04/2018 6 yrs Approved
Pankajbhai Bhimjibhai Kapadiya 01234567 Director 01/04/2018 6 yrs Approved
Parshottam Popat Bhai Donga 01234567 Director 01/04/2018 6 yrs Approved
Bharatkumar Tulshibhai Patel 01234567 Director 01/04/2018 6 yrs Approved
Prafulbhai Damjibhai Radadia 01234567 Director 01/04/2018 6 yrs Approved
Mona Yatinkumar Patel 01234567 Director 01/04/2018 6 yrs Approved
Kiran Tilwani 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2024)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2024 annual return
Promoter holding
64.27%
Public / 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) · 0 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Key managerial personnel: BHARATKUMAR TULSHIBHAI PATEL (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 60
Growth signals & trust indicators
Operating for 40+ 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.
3 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.52 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence70/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment56/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 41.92 cr already registered.
  • Compliance record supports lending.
Investor view52/100
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 team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
27 Sep 2025
Last AGM held
Annual general meeting
11 Jun 2025
Director appointed
Preet Bharatbhai Savani (Cfo)
05 May 2025
Director appointed
Kiran Tilwani (Company Secretary)
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Mar 2025
Director appointed
Pankajbhai Bhimjibhai Kapadiya (Director)
Director appointed
Parshottam Popat Bhai Donga (Director)
18 Jun 2024
Director ceased
NEHA GUPTA
29 Nov 2023
Charge created
Others - 20.90 cr
09 Nov 2023
Charge satisfied
Hdfc Bank Limited
14 Sep 2023
Charge created
Others - 20.90 cr
22 Aug 2023
Director appointed
Bharatkumar Tulshibhai Patel (Ceo)
09 Mar 2023
Director ceased
BIPINKUMAR VIRJIBHAI HIRPARA
Charge created
Others - 12.00 Lakh
27 Feb 2023
Director ceased
BHARATKUMAR TULSHIBHAI PATEL
13 Feb 2023
Director appointed
Mona Yatinkumar Patel (Director)
10

Key Observations

Auto-generated from the data above
Revenue 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.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); board looks stable and experienced.
7 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Epack Polymers L74999UP1999PLC116066 Greater Noida, Uttar Pradesh, India
Narang Plastics U25209KA1981PTC029118 Bangalore, Karnataka, India
Apollo Tyres L25111KL1972PLC002449 Kochi, Kerala, India
Processo Plast Enterprise U25200GJ1999PTC035935 Ahmedabad, Gujarat, India
Ecolastic Products Private Limited U25209TS2020PTC206743 Khairatabad, Telangana, India
Ravim Polyplast India Private Limited U24100GJ2015PTC083798 Daskroi, Gujarat, India
Ashish Polyplast Limited L17110GJ1994PLC021391 Ahmedabad, Gujarat, India
Satyendra Masterbatch Private Limited U24290GJ2021PTC124809 Ahmedabad, Gujarat, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Polysil Irrigation Systems Limited before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Polysil Irrigation Systems 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 Polysil Irrigation Systems Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Polysil Irrigation Systems Limited 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 Polysil Irrigation Systems Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Polysil Irrigation Systems Limited an active company?

Polysil Irrigation Systems Limited has MCA status “Active” with a compliance score of 75/100 (Low Risk).

Is Polysil Irrigation Systems Limited financially healthy?

Polysil Irrigation Systems Limited has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Polysil Irrigation Systems Limited?

Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Polysil Irrigation Systems Limited?

Promoters hold the largest single block of equity - exact percentages are in the full report. 8 active director(s) are on record.

Does Polysil Irrigation Systems Limited have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 9 earlier charge(s) stand satisfied.

Is Polysil Irrigation Systems Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 75/100 (Low Risk).

Is it risky to lend to Polysil Irrigation Systems 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.