Tower Steels Limited - Due diligence report

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

1993-06-07 Madurai, Tamil Nadu Dormant Under Section 455 Unlisted
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Tower Steels Limited — 360° Intelligence Report

Generated from MCA filings & public records
53/100
Trust Score
Moderate

Tower Steels Limited is assessed as Moderate with a Trust Score of 53/100. Tower Steels Limited is a public limited indian non-government company incorporated in 1993, operating in the Metals and Minerals sector. Reported revenue has declined 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 26 Jul 2026 from the latest processed filings. Tower Steels Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

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
53/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
16/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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: 70/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 3 satisfied (8.08 cr).

Banking relationships (from registered charges)
LenderChargesAmount
The Federal Bank Ltd1 48.0 cr
The Federalbank Limited1 48.0 cr
Sabari Exim Private Limited1 48.0 cr
Compliance Score: 16/100 Caution Indicated
  • Company status is "Dormant Under Section 455" - not Active.
  • Last balance sheet is for Mar 2015 - filings overdue.
  • Litigation present in 2 court forum(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
PADMANABHAN GANAPATHY SUBRAMANIAN 01234567 Director 01/04/2018 6 yrs Approved
Athisayapandiyan Pushparajan 01234567 Director 01/04/2018 6 yrs Approved
Dhasarathan Nehru 01234567 Director 01/04/2018 6 yrs Approved
VISHNURAJ 01234567 Director 01/04/2018 6 yrs Approved
THILLAIRAJ DOORAIRAJ 01234567 Director 01/04/2018 6 yrs Approved
THANGARAJ DOORAIRAJ 01234567 Director 01/04/2018 6 yrs Approved
RAMESHBABU 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • PADMANABHAN GANAPATHY SUBRAMANIAN has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2015 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: THILLAIRAJ DOORAIRAJ (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 40
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 33+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Dormant Under Section 455.
Compliance score is weak (16/100).
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence34/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment60/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view63/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
19 Oct 2023
Director appointed
Athisayapandiyan Pushparajan (Director)
Director appointed
Dhasarathan Nehru (Director)
10 Aug 2023
Director appointed
PADMANABHAN GANAPATHY SUBRAMANIAN (Director)
31 Mar 2021
Director appointed
VISHNURAJ (Director)
18 Nov 2016
Director appointed
RAMESHBABU (Additional Director)
Director ceased
HARISHRAJ
30 Dec 2015
Last AGM held
Annual general meeting
31 Mar 2015
Latest balance sheet
Filed with ROC
01 Aug 2013
Charge satisfied
The Federal Bank Ltd
Charge satisfied
The Federalbank Limited
22 Feb 2013
Director ceased
RAMAIAH JEYARAJ
06 Apr 2009
Charge satisfied
Sabari Exim Private Limited
20 Apr 2007
Charge created
Sabari Exim Private Limited - 1.28 cr
26 Sep 2002
Charge created
The Federal Bank Ltd - 3.55 cr
01 Sep 1995
Charge created
The Federalbank Limited - 3.25 cr
10

Key Observations

Auto-generated from the data above
Revenue declined 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.
7 active director(s) / partner(s); review board churn before relying on management continuity.
All 3 registered charge(s) stand satisfied - past borrowings repaid.
Promoters hold a dominant controlling stake as per the FY 2015 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ashok Steel Rolling Mills (Raipur) Pvt Ltd U28931CT1982PTC001258 Distt-Raipur., Chattisgarh, India
Joy Stone Minerals & Metals Private Limited U13203KA2011PTC058265 Bangalore, Karnataka, India
Novex Commercials Limited L27109DL1985PLC021428 Delhi, Delhi, India
Nakoda Metals Industries Private Limited U28910MH1988PTC045807 Mumbai, Maharashtra, India
Ghalsasi Sintering Private Limited U74999PN2011PTC141202 Pune, Maharashtra, India
Sam Technical Assistance Services Private Limited U74900PN2012PTC143163 Ahmednagar, Maharashtra, India
Stuti Engineers Private Limited U28910DL2008PTC186067 New Delhi, Delhi, India
Crystal Arc Crafts Private Limited U74999MH2010PTC210036 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Tower Steels Limited before audits and certifications: compliance score 16/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Tower Steels 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 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Tower Steels Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 53/100, distress signals and MSME payment-delay disclosures - know whether Tower Steels Limited 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 Tower Steels Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Tower Steels Limited an active company?

Tower Steels Limited has MCA status “Dormant Under Section 455” with a compliance score of 16/100 (Caution Indicated).

Is Tower Steels Limited financially healthy?

Tower Steels Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Tower Steels Limited?

Its overall Trust Score is 53/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Tower Steels Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 7 active director(s) are on record.

Does Tower Steels Limited have loans or charges against its assets?

No open charges - all 3 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Tower Steels Limited up to date with its ROC filings?

Last balance sheet is for Mar 2015 - filings overdue. Overall compliance score: 16/100 (Caution Indicated).

Is it risky to lend to Tower Steels Limited?

Its Credit Risk Score is 70/100 (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.