Solitaire Machine Tools Limited - Due diligence report

A 360° intelligence report on Solitaire Machine Tools: trust score, financial health, credit view, compliance, directors, growth and distres…

1967-05-24 Vadodara, Gujarat Active Listed Active Compliant
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Solitaire Machine Tools — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Solitaire Machine Tools is assessed as Low Risk with a Trust Score of 80/100. Solitaire Machine Tools is an active public limited indian non-government company incorporated in 1967, operating in the Machinery and Equipment 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 high compliance risk and low financial risk profile.

Report generated on 11 Jul 2026 from the latest processed filings. Solitaire Machine Tools Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Neutral

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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
48/100
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 ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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.

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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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 3 open (13.72 cr) · 3 satisfied (22.50 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Yes Bank Limited2 48.0 cr
Others1 48.0 cr
Uti Bank2 48.0 cr
Axis Bank Limited1 48.0 cr
Compliance Score: 48/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: BSE.
  • Litigation present in 2 court forum(s).
  • Delayed payments to MSME suppliers disclosed (8 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
HARSH BADANI 01234567 Director 01/04/2018 6 yrs Approved
ASHOK JIVARAJBHAI SHETH 01234567 Director 01/04/2018 6 yrs Approved
KRISHNA TEJASHKUMAR NAIK 01234567 Director 01/04/2018 6 yrs Approved
NISHITA GULABSINGH RAJPUT 01234567 Director 01/04/2018 6 yrs Approved
BHARAT VADILAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
KESHA KIRIT THAKKAR 01234567 Director 01/04/2018 6 yrs Approved
SHILPA MANMOHAN TANEJA 01234567 Director 01/04/2018 6 yrs Approved
ASHOK JIVARAJBHAI SHETH 01234567 Director 01/04/2018 6 yrs Approved
HEMANDRA JAYANTILAL BADANI 01234567 Director 01/04/2018 6 yrs Approved
Reshma Shahil Kiri 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 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
-

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

Group entityRelationship% held
Shruchi Manufacturing Limited Subsidiary Company 74.00%

Key managerial personnel: HARSH BADANI (Managing Director) · ASHOK JIVARAJBHAI SHETH (CFO) · ASHOK JIVARAJBHAI SHETH (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Net margin improved to 61%.
Operating for 59+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (48/100).
3 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 7.76 Lakh.
2 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.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment83/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 13.72 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view87/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
18 Dec 2025
Director appointed
Reshma Shahil Kiri (Company Secretary)
28 Jun 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
06 Jun 2024
Director appointed
ASHOK JIVARAJBHAI SHETH (CFO)
13 Feb 2024
Charge created
Others - 10.50 cr
30 Nov 2023
Director appointed
KRISHNA TEJASHKUMAR NAIK (Company Secretary)
25 Nov 2023
Charge satisfied
Yes Bank Limited
01 Sep 2023
Director appointed
ASHOK JIVARAJBHAI SHETH (CFO)
31 Aug 2023
Director ceased
ASHOK JIVARAJBHAI SHETH
18 Dec 2021
Director appointed
HEMANDRA JAYANTILAL BADANI (Nodal Officer)
07 Feb 2020
Director ceased
HARSH BADANI
Director ceased
HEMANDRA JAYANTILAL BADANI
30 Jul 2019
Director ceased
NISHITA GULABSINGH RAJPUT
Director ceased
BHARAT VADILAL SHAH
Director ceased
KESHA KIRIT THAKKAR
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
East Coast Enterprisers Limited U25999WB1958PLC023821 Kolkata, West Bengal, India
Suryalogix Private Limited U72900PN2018PTC174209 Haveli, Maharashtra, India
Abps Solution Private Limited U36999PN2019PTC184852 Pune, Maharashtra, India
Meera Industries L29298GJ2006PLC048627 Surat, Gujarat, India
Marathon India Limited U74110RJ1984PLC003150 Jaipur, Rajasthan, India
Fluidline Systems & Controls Private Limited U51503TN2000PTC046274 Chennai, Tamil Nadu, India
Marks Technosystems Private Limited U29299PN2003PTC017706 Pune City, Maharashtra, India
Ajay Syscon U28939MH1985PTC035867 Pune, Maharashtra, India
12

Who Uses This Report

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

Verify Solitaire Machine Tools before audits and certifications: compliance score 48/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Solitaire Machine Tools: 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 85/100, margin trends, ownership structure and peer set for Solitaire Machine Tools - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Solitaire Machine Tools 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 Solitaire Machine Tools - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Solitaire Machine Tools an active company?

Solitaire Machine Tools has MCA status “Active” with a compliance score of 48/100 (Caution Indicated).

Is Solitaire Machine Tools financially healthy?

Solitaire Machine Tools has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Solitaire Machine Tools?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Solitaire Machine Tools?

Promoters hold the largest single block of equity - exact percentages are in the full report. 10 active director(s) are on record.

Does Solitaire Machine Tools have loans or charges against its assets?

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

Is Solitaire Machine Tools up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 48/100 (Caution Indicated).

Is it risky to lend to Solitaire Machine Tools?

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.