Promoter holding
64.27%
PE
Premier Explosives Limited - Due diligence report
A 360° intelligence report on Pelgel: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Pelgel — 360° Intelligence Report
Generated from MCA filings & public records66/100
Trust Score
Moderate
Pelgel is assessed as Moderate with a Trust Score of 66/100. Pelgel is an active public limited indian non-government company incorporated in 1980, operating in the Aerospace, Maritime and Defense 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 high compliance risk and low financial risk profile.
Report generated on 29 Jun 2026 from the latest processed filings. Premier Explosives 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
36/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (BBB+).
Charges position: 7 open (442.45 cr) · 14 satisfied (120.78 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 1 | 48.0 cr |
| Yes Bank Limited | 1 | 48.0 cr |
| Hdfc Bank Limited | 7 | 48.0 cr |
| Others | 3 | 48.0 cr |
| Uco Bank | 1 | 48.0 cr |
| Export Import Bank Of India | 2 | 48.0 cr |
Compliance Score: 36/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: BSE.
- Litigation present in 2 court forum(s).
- Delayed payments to MSME suppliers disclosed (6 disclosure(s)).
- 3 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 35/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ANIL KUMAR MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATARAMAN ABBARAJU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRIHARI PAKALAPATI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DURGA PRASAD RAO YACHAMANENI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMARNATH GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NARENDRA KUMAR NANDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KUMAR PERUVEMBA RAMACHANDRAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHONIKA GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TRIPURANENI VENKAIAH CHOWDARY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jhansi Lakshmi Kalakota | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMARAO KATHIRISETTI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GNANA SEKARAN VENKATASAMY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAILASH GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BUDDHAVARAPU MAHADEVA VIJAYA KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Seshagiri Rao Chittavarjula | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kumuda Raghavan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jhansi Laxmi Kalakota | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Buddhavarapu Mahadeva Vijaya Kumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 18 directors on the board.
- BUDDHAVARAPU MAHADEVA VIJAYA KUMAR has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 6 director exits in 3 years - high churn.
- 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
2
Group entities
3
Capital events
0 allotment(s) · 2 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Pelnext Defence Systems Private Limited | Subsidiary Company | 74.00% |
| Premier Wire Products Limited | Subsidiary Company | 74.00% |
| Bf Premier Energy Systems Private Limited | Joint Ventures | 74.00% |
Key managerial personnel: SRIHARI PAKALAPATI (CFO) · DURGA PRASAD RAO YACHAMANENI (Whole-time director) · TRIPURANENI VENKAIAH CHOWDARY (Managing Director) · BUDDHAVARAPU MAHADEVA VIJAYA KUMAR (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 55 · Distress 80
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 46+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
6 director exits within 2 years.
Compliance score is weak (36/100).
7 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 20.14 Lakh.
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.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment61/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 7 open charge(s) of 442.45 cr already registered.
- Compliance gaps should be priced into terms.
Investor view70/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events20 Nov 2025
Charge created
Others - 50.00 cr
27 Jun 2025
Charge created
Others - 30.00 cr
02 Jun 2025
Charge created
Hdfc Bank Limited - 12.40 cr
28 Apr 2025
Charge satisfied
Hdfc Bank Limited
15 Mar 2025
Charge satisfied
Hdfc Bank Limited
03 Dec 2024
Director appointed
Buddhavarapu Mahadeva Vijaya Kumar (Cfo)
11 Nov 2024
Director appointed
BUDDHAVARAPU MAHADEVA VIJAYA KUMAR (CFO)
30 Sep 2024
Director ceased
PAKALAPATI SRIHARI
27 Sep 2024
Last AGM held
Annual general meeting
26 Sep 2024
Director ceased
NARENDRA KUMAR NANDA
Director ceased
GNANA SEKARAN VENKATASAMY
Director ceased
Seshagiri Rao Chittavarjula
Director ceased
Kumuda Raghavan
13 Aug 2024
Director appointed
NARENDRA KUMAR NANDA (Director)
Director appointed
GNANA SEKARAN VENKATASAMY (Director)
10
Key Observations
Auto-generated from the data aboveRevenue declined 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.
18 active director(s) / partner(s); review board churn before relying on management continuity.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BBB+ 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.
| Company | CIN | Location |
|---|---|---|
| Naprod Life Sciences Private Limited | U24230MH1990PTC057496 | Mumbai, Maharashtra, India |
| Verma Gases (India) Pvt Ltd | U24111GJ1992PTC018489 | Vadodara, Gujarat, India |
| Premhenna | U24246RJ2012PTC040947 | Sojat, Rajasthan, India |
| Lifelongindia | U85110DL2002PTC116251 | New Delhi, Delhi, India |
| Solar Chemferts Private Limited | U99999MH1988PTC046316 | Ambernath West, Maharashtra, India |
| Scpl | U15141GJ2011PTC065343 | Meshana, Gujarat, India |
| Positive Chemicals Private Limited | U24100GJ2012PTC070760 | Rajkot, Gujarat, India |
| Accentmicrocell | L24230GJ2012PLC069799 | Ahmedabad, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Pelgel before audits and certifications: compliance score 36/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Pelgel: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for Pelgel - 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 Pelgel 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 Pelgel - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Pelgel an active company?
Pelgel has MCA status “Active” with a compliance score of 36/100 (Caution Indicated).
Is Pelgel financially healthy?
Pelgel has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Pelgel?
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 Pelgel?
Promoters hold the largest single block of equity - exact percentages are in the full report. 18 active director(s) are on record.
Does Pelgel have loans or charges against its assets?
7 open charge(s) are registered against its assets, and 14 earlier charge(s) stand satisfied.
Is Pelgel up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 36/100 (Caution Indicated).
Is it risky to lend to Pelgel?
Its Credit Risk Score is 55/100 (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.
