R.G. Stainless Engineers Ltd. - Due diligence report

A 360° intelligence report on R.G. Stainless Engineers Ltd.: trust score, financial health, credit view, compliance, directors, growth and d…

1994-06-17 Kolkata, West Bengal Active Unlisted Active Compliant
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RS R.G. Stainless Engineers Ltd.
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R.G. Stainless Engineers Ltd. — 360° Intelligence Report

Generated from MCA filings & public records
83/100
Trust Score
Low Risk

R.G. Stainless Engineers Ltd. is assessed as Low Risk with a Trust Score of 83/100. R.G. Stainless Engineers Ltd. is an active public limited indian non-government company incorporated in 1994, operating in the Metals and Minerals 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 low compliance risk and low financial risk profile.

Report generated on 19 Jul 2026 from the latest processed filings. R.G. Stainless Engineers Ltd. snapshot & full profile →

Financial Health › Strong
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 ScoreLow Risk
83/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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 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: 30/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 4 open (27.78 cr) · 5 satisfied (36.28 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others6 48.0 cr
Axis Bank Limited1 48.0 cr
State Bank Of India1 48.0 cr
Dewan Housing Finance Corporation Limited1 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
ASHISH AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
KAMLESH KUMAR AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
ABHISHEK AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • ASHISH AGARWAL has DIN status "Disqualified by RoC u/s 164(2)".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
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 2023 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
5 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Operating for 32+ years.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 38% in a year.
4 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence89/100
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 assessment61/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 4 open charge(s) of 27.78 cr already registered.
  • Compliance record supports lending.
Investor view85/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2025
Last AGM held
Annual general meeting
11 Jul 2025
Charge satisfied
Dewan Housing Finance Corporation Limited
31 Mar 2025
Latest balance sheet
Filed with ROC
24 Feb 2025
Charge satisfied
Axis Bank Limited
31 Dec 2024
Charge created
Others - 25.03 cr
17 Dec 2024
Charge satisfied
Others
20 Nov 2023
Charge created
Axis Bank Limited - 22.05 cr
11 Nov 2022
Securities allotted
499600 Equity Shares - 49.96 Lakh raised
26 Apr 2022
Charge created
Others - 81.50 Lakh
01 Feb 2022
Director appointed
ASHISH AGARWAL (Director)
30 Dec 2021
Charge created
Others - 43.47 Lakh
28 Dec 2021
Charge satisfied
Others
03 Dec 2021
Charge satisfied
State Bank Of India
29 Oct 2021
Charge created
Others - 8.50 cr
Charge created
Others - 1.50 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 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 - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
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 5 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Wiptech Peripherals U72501GJ2004PTC044166 Rajkot, Gujarat, India
Baba Sales Private Limited U51109BR2003PTC010198 Patna, Bihar, India
Shokeen Exim Private Limited U52399DL2009PTC189711 Delhi, Delhi, India
Gstc.Com U33119DL2012PLC235348 New Delhi, Delhi, India
Shanti Exim International Private Limited U35999KA2007PTC041580 Bengaluru, Karnataka, India
Unique Automobiles (Kop) Private Limited U50101PN2006PTC021796 Kolhapur, Maharashtra, India
Delsey U52324DL2011PTC213995 New Delhi, Delhi, India
Araspl Steels Private Limited U74900WB2009PTC135480 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify R.G. Stainless Engineers Ltd. before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of R.G. Stainless Engineers Ltd.: 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 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for R.G. Stainless Engineers Ltd. - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether R.G. Stainless Engineers Ltd. pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for R.G. Stainless Engineers Ltd. - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is R.G. Stainless Engineers Ltd. an active company?

R.G. Stainless Engineers Ltd. has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is R.G. Stainless Engineers Ltd. financially healthy?

R.G. Stainless Engineers Ltd. has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with R.G. Stainless Engineers Ltd.?

Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls R.G. Stainless Engineers Ltd.?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does R.G. Stainless Engineers Ltd. have loans or charges against its assets?

4 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.

Is R.G. Stainless Engineers Ltd. up to date with its ROC filings?

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

Is it risky to lend to R.G. Stainless Engineers Ltd.?

Its Credit Risk Score is 30/100 (Caution Indicated). 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.