Sparc Electrex Limited - Due diligence report

A 360° intelligence report on Sparc: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…

1989-09-14 Mumbai, Maharashtra Active Listed Active Compliant
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SE Sparc Electrex Limited
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Sparc — 360° Intelligence Report

Generated from MCA filings & public records
74/100
Trust Score
Moderate

Sparc is assessed as Moderate with a Trust Score of 74/100. Sparc is an active public limited indian non-government company incorporated in 1989, 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 moderate compliance risk and low financial risk profile.

Report generated on 18 Jul 2026 from the latest processed filings. Sparc Electrex Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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
74/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
58/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 60/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 1 open (94.96 Lakh) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Compliance Score: 58/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: BSE.
  • 2 active GST registration(s).
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
SHOBITH GANESH HEGDE 01234567 Director 01/04/2018 6 yrs Approved
ASHOK CHHAGANBHAI PATEL 01234567 Director 01/04/2018 6 yrs Approved
SUSHMITA SWARUP LUNKAD 01234567 Director 01/04/2018 6 yrs Approved
Ashish Mishra 01234567 Director 01/04/2018 6 yrs Approved
NIRAJ HARESHBHAI VARIAVA 01234567 Director 01/04/2018 6 yrs Approved
RAVIKUMAR BYRAPATNA CHANNAPPA 01234567 Director 01/04/2018 6 yrs Approved
SHOBITH GANESH HEGDE 01234567 Director 01/04/2018 6 yrs Approved
SURESH VISHWANATHAN 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 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.

Key managerial personnel: SHOBITH GANESH HEGDE (Managing Director) · SHOBITH GANESH HEGDE (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Asset base grew 24% - capacity expansion.
Operating for 36+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (58/100).
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence68/100
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 assessment64/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 94.96 Lakh already registered.
  • Compliance gaps should be priced into terms.
Investor view75/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2024
Last AGM held
Annual general meeting
13 Aug 2024
Director ceased
SHOBITH GANESH HEGDE
19 Jun 2024
Director appointed
Ashish Mishra (Company Secretary)
31 Mar 2024
Latest balance sheet
Filed with ROC
31 Mar 2023
Charge created
Others - 94.96 Lakh
28 May 2022
Director ceased
ASHOK CHHAGANBHAI PATEL
Director ceased
SUSHMITA SWARUP LUNKAD
22 Apr 2022
Director appointed
ASHOK CHHAGANBHAI PATEL (Director)
Director appointed
SUSHMITA SWARUP LUNKAD (Director)
20 Jan 2022
Director appointed
SHOBITH GANESH HEGDE (CFO)
07 Jan 2022
Director ceased
SURESH VISHWANATHAN
30 Nov 2021
Director appointed
SURESH VISHWANATHAN (Director)
20 Nov 2021
Director ceased
JUDE TERRENCE D'SOUZA
19 Oct 2021
Director appointed
SHOBITH GANESH HEGDE (Managing Director)
28 Sep 2021
Director ceased
NIRAJ HARESHBHAI VARIAVA
10

Key Observations

Auto-generated from the data above
Revenue grew 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.
8 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
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
Ecogen Generators India Private Limited U31909TG2020PTC142131 Jeedimetla, Telangana, India
Expert Industries Private Limited U02102KA1988PTC009338 Bangalore, Karnataka, India
Berlia Steels Private Ltd. U27101DL1985PTC021226 Na, Delhi, India
Jyoti Electro Systems Private Limited U31200DL2004PTC131504 New Delhi, Delhi, India
Patson Machines Private Limited U29299PN2006PTC022214 Pune, Maharashtra, India
Technosoft Enterprise Private Limited U74900WB2020PTC238115 Jagacha, West Bengal, India
Eastern Automotive Machine Tools Private Limited U74899DL1992PTC049250 New Delhi, Delhi, India
Powergate U29222KA2013PTC071495 Mysore, Karnataka, India
12

Who Uses This Report

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

Verify Sparc before audits and certifications: compliance score 58/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Sparc: 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Sparc - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Sparc 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 Sparc - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Sparc an active company?

Sparc has MCA status “Active” with a compliance score of 58/100 (Moderate).

Is Sparc financially healthy?

Sparc has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Sparc?

Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Sparc?

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

Does Sparc have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Sparc up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 58/100 (Moderate).

Is it risky to lend to Sparc?

Its Credit Risk Score is 60/100 (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.