Vikas Proppant & Granite Limited - Due diligence report

A 360° intelligence report on Vikas Proppant & Granite: trust score, financial health, credit view, compliance, directors, growth and distre…

1994-10-31 Siwani, Haryana Under Cirp Listed Active Compliant
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VP Vikas Proppant & Granite Limited
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Vikas Proppant & Granite — 360° Intelligence Report

Generated from MCA filings & public records
52/100
Trust Score
Moderate

Vikas Proppant & Granite is assessed as Moderate with a Trust Score of 52/100. Vikas Proppant & Granite is a public limited indian non-government company incorporated in 1994, operating in the Chemicals and Materials sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Vikas Proppant & Granite Limited snapshot & full profile →

Financial Health › Good
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
52/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
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.

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: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).

Charges position: 0 open (-) · 4 satisfied (95.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Punjab National Bank2 48.0 cr
Ifci Factors Limited1 48.0 cr
Ifci Limited1 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Under Cirp" - not Active.
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Flagged by authority: NCLT, EPFO, BSE.
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NAIB SINGH 01234567 Director 01/04/2018 6 yrs Approved
Praveen 01234567 Director 01/04/2018 6 yrs Approved
PRAVEEN 01234567 Director 01/04/2018 6 yrs Approved
ANANDILAL 01234567 Director 01/04/2018 6 yrs Approved
VISHANUDUTT 01234567 Director 01/04/2018 6 yrs Approved
PAWAN SINGLA 01234567 Director 01/04/2018 6 yrs Approved
SUMAN DEVI 01234567 Director 01/04/2018 6 yrs Approved
ARUN SINGLA 01234567 Director 01/04/2018 6 yrs Approved
  • 8 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 2021 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
3 allotment(s) · 0 transfer(s)

Promoters hold a minority stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 40
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Operating for 31+ years.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Statutory filings appear overdue.
Adverse company status: Under Cirp.
Compliance score is weak (5/100).
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence30/100
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 assessment46/100
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 view68/100
Mixed 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
16 May 2022
Director appointed
NAIB SINGH (Additional Director)
01 Apr 2022
Director appointed
PAWAN SINGLA (Additional Director)
Director ceased
DAVINDER PAL
21 Feb 2022
Director ceased
ASHISH GOYAL
21 Dec 2021
Director appointed
SUMAN DEVI (Additional Director)
Director ceased
RAJINDER PAL
13 Nov 2021
Director ceased
REKHA DHAWAN
12 Nov 2021
Director appointed
ANANDILAL (Additional Director)
Director appointed
VISHANUDUTT (Additional Director)
Director appointed
ARUN SINGLA (Additional Director)
11 Nov 2021
Director ceased
VISHNU AGARWAL
30 Sep 2021
Director ceased
SUBHASH CHANDER GOYAL
Director ceased
JASWINDER SINGH
Director ceased
GURENDER SINGH JOHAL
Last AGM held
Annual general meeting
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 4 registered charge(s) stand satisfied - past borrowings repaid.
Promoters hold a minority stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Lundbeck U24231KA2002PTC029998 Bangalore North, Karnataka, India
Hemank Soap And Chemicals Private Limited U24241RJ1992PTC007016 Jaipur, Rajasthan, India
Divyashakti Seeds Private Limited U01514GJ2007PTC049811 Gandhinagar, Gujarat, India
Regencyy Coal & Energy Private Limited U23209MH2014PTC257379 Mumbai, Maharashtra, India
Kavm Agro Tech Private Limited U24232AP2009PTC064641 Krishna District, Andhra Pradesh, India
Suvikhitek U24231GJ1977PTC003036 Ahmadabad City, Gujarat, India
Star Alloys & Chemicals Private Limited U27101CT2008PTC020561 Korba, Chattisgarh, India
G.R. Movers Private Limited U60231UP2008PTC036383 Shahjahanpur, Uttar Pradesh, India
12

Who Uses This Report

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

Verify Vikas Proppant & Granite before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Vikas Proppant & Granite: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 80/100, margin trends, ownership structure and peer set for Vikas Proppant & Granite - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 52/100, distress signals and MSME payment-delay disclosures - know whether Vikas Proppant & Granite 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 Vikas Proppant & Granite - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Vikas Proppant & Granite an active company?

Vikas Proppant & Granite has MCA status “Under Cirp” with a compliance score of 5/100 (Caution Indicated).

Is Vikas Proppant & Granite financially healthy?

Vikas Proppant & Granite has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.

Should I do business with Vikas Proppant & Granite?

Its overall Trust Score is 52/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Vikas Proppant & Granite?

Promoters hold a minority stake - exact percentages are in the full report. 8 active director(s) are on record.

Does Vikas Proppant & Granite have loans or charges against its assets?

No open charges - all 4 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Vikas Proppant & Granite up to date with its ROC filings?

Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Vikas Proppant & Granite?

Its Credit Risk Score is 55/100 (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.