Thapar Ispat Limited - Due diligence report

A 360° intelligence report on Thapar Ispat Limited: trust score, financial health, credit view, compliance, directors, growth and distress s…

1988-09-14 Ludhiana, Punjab Active Unlisted Active Compliant
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Thapar Ispat Limited — 360° Intelligence Report

Generated from MCA filings & public records
67/100
Trust Score
Moderate

Thapar Ispat Limited is assessed as Moderate with a Trust Score of 67/100. Thapar Ispat Limited is an active public limited indian non-government company incorporated in 1988, 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 moderate compliance risk and moderate financial risk profile.

Report generated on 26 Aug 2026 from the latest processed filings. Thapar Ispat Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
67/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Profitable - internal accruals available.

Charges position: 4 open (16.95 cr) · 3 satisfied (9.54 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of Patiala4 48.0 cr
Hindustan Overseas Ltd.1 48.0 cr
Punjab State Industrial Development Corporation Ltd.1 48.0 cr
Industrial Development Bank Of India1 48.0 cr
Compliance Score: 50/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: BANKS, BSE, MCA.
  • Litigation present in 3 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
PANKAJ TANEJA 01234567 Director 01/04/2018 6 yrs Approved
DAMAN JIT SINGH 01234567 Director 01/04/2018 6 yrs Approved
SARWAN KUMAR 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
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 2018 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 majority stake - exact percentages are part of the full report.

Key managerial personnel: DAMAN JIT SINGH (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 37+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
Compliance score is weak (50/100).
4 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 diligence61/100
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 assessment50/100
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 16.95 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view72/100
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
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
30 Nov 2021
Director ceased
SARWAN KUMAR
01 Oct 2021
Director ceased
BALBHADRA SINGH
30 Sep 2021
Director appointed
SARWAN KUMAR (Director)
05 Jun 2020
Director ceased
TILAK RAJ SHARMA
30 Sep 2019
Director ceased
PANKAJ TANEJA
09 Jul 2019
Director ceased
BHAG SINGH
01 Jul 2019
Director appointed
PANKAJ TANEJA (Director)
02 Aug 2018
Director ceased
ABHAY PAL GUPTA
10 Mar 2018
Director ceased
PARAMJEET KAUR
21 Dec 2017
Charge satisfied
Punjab State Industrial Development Corporation Ltd.
01 Jul 2007
Director appointed
DAMAN JIT SINGH (Whole-time director)
31 Jul 2001
Charge created
Hindustan Overseas Ltd. - 5.00 cr
04 Sep 1997
Charge satisfied
State Bank Of Patiala
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%.
3 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 a majority stake as per the FY 2018 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
J.B.A Steels Private Limited U27320TN2011PTC082363 Chennai, Tamil Nadu, India
Jagdamba Industries Limited U65999WB1993PLC058944 Kolkata, West Bengal, India
Bhagawati Steels Private Limited U13100OR2002PTC006951 Kolabira, Orissa, India
Rajat Wires Private Limited U74899DL1990PTC040591 New Delhi, Delhi, India
Akin (India) Pvt Ltd U24299WB1982PTC035520 Howrah, West Bengal, India
Shree Bhimeshwari Ispat Private Limited U27109PN2005PTC020267 Satara, Maharashtra, India
Dusseldorf De Espana Pvt Ltd U51900WB2006PTC107703 Kolkata, West Bengal, India
Sokhi Steels Private Limited U27100PB2011PTC034725 Ludhiana, Punjab, India
12

Who Uses This Report

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

Verify Thapar Ispat Limited before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Thapar Ispat 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: Mixed indicators - deeper appraisal suggested. Credit risk score 50/100, 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 Thapar Ispat Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 67/100, distress signals and MSME payment-delay disclosures - know whether Thapar Ispat 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 Thapar Ispat Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Thapar Ispat Limited an active company?

Thapar Ispat Limited has MCA status “Active” with a compliance score of 50/100 (Moderate).

Is Thapar Ispat Limited financially healthy?

Thapar Ispat Limited has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Thapar Ispat Limited?

Its overall Trust Score is 67/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Thapar Ispat Limited?

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

Does Thapar Ispat Limited have loans or charges against its assets?

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

Is Thapar Ispat Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).

Is it risky to lend to Thapar Ispat Limited?

Its Credit Risk Score is 50/100 (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.