Prinik Sponge Iron Private Limited
About Prinik Sponge Iron Private Limited
Data last updated:
Prinik Sponge Iron Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 27 December 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27102OR2002PTC007010.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹66.63 Lakh. It is led by directors including Ghanshyam Das Agarwal (Managing Director) and Iswari Devi Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No – 113/2258 Khandagiri Vihar Po – Khandagiri, Bhubaneswar, Odisha, India – 751030.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.04 Lakh, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹1.38 Lakh (net margin -67.6%) and EBITDA of -₹1.38 Lakh (EBITDA margin -67.6%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 9% over five years.
Court records list 1 case involving the company; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressPlot No – 113/2258 Khandagiri Vihar Po – Khandagiri, Bhubaneswar, Odisha, India – 751030
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Financials of Prinik Sponge Iron Private Limited FY 2025 filings available
Prinik Sponge Iron Private Limited reported revenue of ₹2.04 Lakh (down 58% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Prinik Sponge Iron Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 58% fall in the latest year. EBITDA fell 316% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Prinik Sponge Iron Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.38 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.38 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Prinik Sponge Iron Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -67.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -67.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Prinik Sponge Iron are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Prinik Sponge Iron Private Limited
Prinik Sponge Iron Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sobha Ispat Private Limited | ₹2.1 Lakh (FY 2024) | •••• | •••• | -90.0% | •••• | Raigarh, Chhattisgarh, India |
| The Delhi Registered Stockholders Iron and Steel Association Limited | ₹2.1 Lakh (FY 2025) | •••• | •••• | -72.0% | •••• | Delhi, India |
| Aprajit Steel Private Limited | ₹2.09 Lakh (FY 2025) | •••• | •••• | 7.0% | •••• | Jamshedpur, Jharkhand, India |
| Brahmaputra TMT Bars Private Limited | ₹2.06 Lakh (FY 2022) | •••• | •••• | -44.0% | •••• | Guwahati, Assam, India |
| Aquarius Steel Mills Private Limited | ₹2.05 Lakh (FY 2016) | •••• | •••• | 8.0% | •••• | Delhi, India |
| Prinik Sponge Iron Private Limited this company | ₹2.04 Lakh (FY 2024) | •••• | •••• | -58.0% | •••• | Bhubaneswar, Odisha, India |
| Gandhari Iron & Steel Private Limited | ₹2.03 Lakh (FY 2024) | •••• | •••• | -97.0% | •••• | Andheri W Mumbai, Maharashtra, India |
| Opel Alloys Private Limited | ₹2.03 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Amarjit Alloys and Rolling Mills Private Limited | ₹2.03 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Punjab, India |
| The Crescent Iron and Steel Corporation Ltd | ₹2.02 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Leo Steel Mills Private Limited | ₹2.02 Lakh (FY 2016) | •••• | •••• | 9.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Prinik Sponge Iron by revenue in the Metals and Minerals industry (Steel), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Prinik Sponge Iron Private Limited
Prinik Sponge Iron Private Limited is audited by G N S & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G N S & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Prinik Sponge Iron Private Limited
Prinik Sponge Iron has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ghanshyam Das Agarwal Also directs: Binay Udyog Pvt Ltd | Managing Director | 27 Dec 2002 | 23 Years 9 Months | Current |
| Iswari Devi Agarwal | Director | 27 Dec 2002 | 23 Years 9 Months | Current |
| Rajeev Kumar Agarwal Also directs: Bti Steels Private Limited, Prinik Steels Private Limited | Director | 21 Feb 2019 | 7 Years 7 Months | Current |
Ownership and Shareholding of Prinik Sponge Iron Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Prinik Sponge Iron Private Limited
Prinik Sponge Iron Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Prinik Sponge Iron Private Limited
Prinik Sponge Iron Private Limited has 1 court case on record: 1 where it is another party. All case is pending. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Writ petition | Company is another party | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Prinik Sponge Iron Private Limited
Employment history and EPFO contributions of people linked to Prinik Sponge Iron.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Prinik Sponge Iron Private Limited
Prinik Sponge Iron Private Limited has 3 board changes on record since 2002: 3 appointments. The latest: Rajeev Kumar Agarwal was appointed as Director on 21 Feb 2019.
Credit Ratings, Litigation & Regulatory Alerts for Prinik Sponge Iron Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Prinik Sponge Iron Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Prinik Sponge Iron Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Prinik Sponge Iron Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Prinik Sponge Iron Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Prinik Sponge Iron Private Limited
Prinik Sponge Iron is an active private limited company based in Bhubaneswar, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 27 December 2002 (24+ years old) and is registered under CIN U27102OR2002PTC007010.
Prinik Sponge Iron reported revenue of ₹2.04 Lakh for FY 2024 (down 58% YoY).
Prinik Sponge Iron has 3 current directors:
- Ghanshyam Das Agarwal - Managing Director
- Iswari Devi Agarwal - Director
- Rajeev Kumar Agarwal - Director
Prinik Sponge Iron reported a net loss of ₹1.38 Lakh (net margin -67.6%) and EBITDA of -₹1.38 Lakh (EBITDA margin -67.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Prinik Sponge Iron is -20% over three years and -9% over five years. In the latest year (FY 2024) revenue fell 58%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Prinik Sponge Iron is U27102OR2002PTC007010. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prinik Sponge Iron has 1 court case on record. 1 is pending.
Prinik Sponge Iron was incorporated on 27 December 2002, making it 24+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Prinik Sponge Iron by revenue are Sobha Ispat Private Limited, The Delhi Registered Stockholders Iron and Steel Association Limited, Aprajit Steel Private Limited, Brahmaputra TMT Bars Private Limited, Aquarius Steel Mills Private Limited and 5 more, all in the Metals and Minerals industry (Steel).
Rajeev Kumar Agarwal was appointed as Director on 21 Feb 2019. Ghanshyam Das Agarwal was appointed as Managing Director on 27 Dec 2002. Iswari Devi Agarwal was appointed as Director on 27 Dec 2002.
The registered office of Prinik Sponge Iron is at Plot No – 1132258 Khandagiri Vihar Po – Khandagiri, Bhubaneswar, Odisha, India – 751030.