Subhash Polytex Limited - Due diligence report

A 360° intelligence report on Subhash Polytex Limited: trust score, financial health, credit view, compliance, directors, growth and distres…

1972-09-06 Mumbai, Maharashtra Active Unlisted Active Compliant
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SP Subhash Polytex Limited
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Subhash Polytex Limited — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Subhash Polytex Limited is assessed as Low Risk with a Trust Score of 86/100. Subhash Polytex Limited is an active public limited indian non-government company incorporated in 1972, operating in the Manufacturing 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 29 Jun 2026 from the latest processed filings. Subhash Polytex 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 ScoreLow Risk
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
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
90/100
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.
  • Externally credit-rated (BB-).

Charges position: 5 open (42.15 cr) · 19 satisfied (35.47 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited4 48.0 cr
Punjab National Bank7 48.0 cr
Hdfc Bank Limited2 48.0 cr
Others9 48.0 cr
Indian Overseas Bank1 48.0 cr
Sidbi1 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 3 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
SURESH KUMAR BANSAL 01234567 Director 01/04/2018 6 yrs Approved
AVNISH DHINGRA 01234567 Director 01/04/2018 6 yrs Approved
Ashwani Arora 01234567 Director 01/04/2018 6 yrs Approved
SAURABH KEJRIWAL 01234567 Director 01/04/2018 6 yrs Approved
SUBHASH KEJRIWAL 01234567 Director 01/04/2018 6 yrs Approved
  • 5 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 a dominant controlling stake - exact percentages are part of the full report.

Key managerial personnel: SAURABH KEJRIWAL (Managing Director) · SUBHASH KEJRIWAL (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 53+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
5 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence80/100
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 assessment88/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 42.15 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view91/100
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
09 Apr 2025
Charge satisfied
Others
30 Sep 2024
Last AGM held
Annual general meeting
29 Sep 2024
Director ceased
Ashwani Arora
31 Aug 2024
Charge created
Indian Overseas Bank - 1.00 cr
14 Jun 2024
Charge satisfied
Others
31 Mar 2024
Latest balance sheet
Filed with ROC
28 Jan 2024
Charge satisfied
Others
20 Jan 2024
Director appointed
Ashwani Arora (Director)
19 Jan 2024
Charge satisfied
Others
17 Jan 2024
Director appointed
AVNISH DHINGRA (Director)
27 Dec 2023
Charge satisfied
Axis Bank Limited
20 Dec 2023
Charge created
Others - 40.00 Lakh
29 Nov 2023
Charge satisfied
Hdfc Bank Limited
01 Nov 2023
Charge created
Others - 10.00 Lakh
13 Jul 2023
Charge created
Others - 50.00 Lakh
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
5 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BB- from Crisil.
EPFO-registered employer - verifiable payroll history exists.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Cygnet Industries Limited U74900WB2015PLC206720 Kolkata, West Bengal, India
D. S. Knit Industry Private Limited U18209WB2017PTC220437 Kolkata, West Bengal, India
Saplind U17110MH2001PTC131545 Mumbai, Maharashtra, India
Binayak Tex Processors Ltd L17110MH1983PLC030245 Mumbai, Maharashtra, India
Saanika Polytex Private Limited U17309GJ2019PTC110499 Surat, Gujarat, India
Aarvee Denims & Exports L13121GJ1988PLC010504 Daskroi, Gujarat, India
The Ruby Mills L17120MH1917PLC000447 Mumbai, Maharashtra, India
P.A. Footwear Private Limited U93090TN1987PTC014628 Chengai Mgr District, Tamil Nadu, India
12

Who Uses This Report

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

Verify Subhash Polytex Limited before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Subhash Polytex 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: 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 90/100, margin trends, ownership structure and peer set for Subhash Polytex Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Subhash Polytex Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Subhash Polytex Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Subhash Polytex Limited an active company?

Subhash Polytex Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Subhash Polytex Limited financially healthy?

Subhash Polytex Limited has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Subhash Polytex Limited?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Subhash Polytex Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 5 active director(s) are on record.

Does Subhash Polytex Limited have loans or charges against its assets?

5 open charge(s) are registered against its assets, and 19 earlier charge(s) stand satisfied.

Is Subhash Polytex Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Subhash Polytex Limited?

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.