Thermo Cables Ltd. - Due diligence report

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

1990-05-30 Hyderabad, Telangana Active Unlisted Active Compliant
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Thermo Cables — 360° Intelligence Report

Generated from MCA filings & public records
76/100
Trust Score
Low Risk

Thermo Cables is assessed as Low Risk with a Trust Score of 76/100. Thermo Cables is an active public limited indian non-government company incorporated in 1990, 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 11 Nov 2026 from the latest processed filings. Thermo Cables Ltd. 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
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
61/100
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 ScoreCaution Indicated
45/100
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.

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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 (A3).

Charges position: 2 open (215.00 cr) · 2 satisfied (177.16 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India2 48.0 cr
Citi Bank N.A.1 48.0 cr
Hdfc Bank Limited1 48.0 cr
Compliance Score: 61/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2024 - filings overdue.
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
UMA GHURKA 01234567 Director 01/04/2018 6 yrs Approved
NIDHI GHURKA 01234567 Director 01/04/2018 6 yrs Approved
YASHWANTH KRISHNA PAPAGARI 01234567 Director 01/04/2018 6 yrs Approved
ANUJ BIHANI 01234567 Director 01/04/2018 6 yrs Approved
Manikandan Nair Poothamkurissi 01234567 Director 01/04/2018 6 yrs Approved
GHURKA CHETAN 01234567 Director 01/04/2018 6 yrs Approved
RAM BABURAO WAGHAMODE 01234567 Director 01/04/2018 6 yrs Approved
MEDHA KABRA GHURKA 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • NIDHI GHURKA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
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 2025 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
6 allotment(s) · 6 transfer(s)

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

Key managerial personnel: Manikandan Nair Poothamkurissi (CFO) · GHURKA CHETAN (Managing Director)

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).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 36+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
2 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence71/100
Favourable indicators
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 assessment86/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 215.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view90/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
22 Sep 2025
Last AGM held
Annual general meeting
24 Sep 2024
Director ceased
NIDHI GHURKA
30 Aug 2024
Director appointed
NIDHI GHURKA (Director)
31 May 2024
Director appointed
RAM BABURAO WAGHAMODE (Company Secretary)
25 May 2024
Director ceased
DINESH KUMAR AGARWAL
31 Mar 2024
Share transfer (FY 2024)
253853.00000000 shares to Medha Pattem
Share transfer (FY 2024)
253853.00000000 shares to Nidhi Ghurka
Share transfer (FY 2024)
253854.00000000 shares to Chetan Ghurka.
Share transfer (FY 2024)
100.00000000 shares to Medha Kabra Ghurka
Latest balance sheet
Filed with ROC
24 Feb 2023
Director ceased
NANDKISHORE GHURKA
16 May 2022
Director ceased
UMA GHURKA
Director ceased
GHURKA CHETAN
23 Oct 2021
Director ceased
YASHWANTH KRISHNA PAPAGARI
17 Feb 2021
Director appointed
YASHWANTH KRISHNA PAPAGARI (Director)
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.
8 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A3 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 6 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Hanon Climate Systems India Private Limited U34300DL1991PTC046656 New Delhi, Delhi, India
Mahindrasona U30007MH1994PLC081637 Mumbai, Maharashtra, India
Sungwoo Hitech Ap Private Limited U28999AP2017FTC107138 Penukonda, Andhra Pradesh, India
Bhilai Engineering Corporation Limited U29111CT1960PLC000913 Durg, Chattisgarh, India
Titan Engineering & Automation Limited U33111TZ2015PLC021232 Hosur, Tamil Nadu, India
Genus Electrotech U32109DL2003PLC121435 New Delhi, Delhi, India
Allisontransmission U40101TN2007PTC086532 Sriperumbudur Taluka, Tamil Nadu, India
Ammann Group U29248GJ1997PTC033432 Mehsana, Gujarat, India
12

Who Uses This Report

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

Verify Thermo Cables before audits and certifications: compliance score 61/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Thermo Cables: 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 95/100, margin trends, ownership structure and peer set for Thermo Cables - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Thermo Cables 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 Thermo Cables - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Thermo Cables an active company?

Thermo Cables has MCA status “Active” with a compliance score of 61/100 (Moderate).

Is Thermo Cables financially healthy?

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

Should I do business with Thermo Cables?

Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Thermo Cables?

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

Does Thermo Cables have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Thermo Cables up to date with its ROC filings?

Last balance sheet is for Mar 2024 - filings overdue. Overall compliance score: 61/100 (Moderate).

Is it risky to lend to Thermo Cables?

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.