About Adhunik Metaliks Limited
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Adhunik Metaliks Limited is a public limited company based in Sundargarh, Odisha, India, a subsidiary of Liberty Am Holdings Uk Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 20 November 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U28110OR2001PLC017271. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹208.3 Cr and a paid-up capital of ₹95.02 Cr. It is led by directors including Ranjita Kumar Dash (Whole-Time Director) and Sandip Biswas.
Its last annual general meeting (AGM) was held on 21 March 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chadri Hariharpur P.O. – Kuarmunda, Sundargarh, Odisha, India – 770039.
As per the financials filed for FY 2024, the company reported a revenue of ₹332.19 Cr, a growth of 128% compared to the previous year. For the same year it recorded a net loss of ₹140.98 Cr (net margin -42.4%) and EBITDA of -₹21.3 Cr (EBITDA margin -6.4%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 32% over five years.
The company has about 625 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Adhunik Metaliks. As per MCA filings, the company has open charges of ₹15.96 Cr and satisfied charges of ₹16,260 Cr on record. Court records list 158 cases involving the company, including 87 filed by the company and 71 filed against it; 45 cases are pending. The company has 26 deals on record (16 market trades, 3 convertible or debt financings, 3 rights issues), with disclosed funding of ₹605.1 Cr; the latest was in October 2025. Its 7 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 2 smaller; the largest is Vishal Metallics Private Limited with revenue of ₹146.59 Cr. The company has 6 MSME Form 1 returns on record between 2022 and 2023, listing 52 overdue payments to 15 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website libertysteelgroup.in.
Company details
CIN history
Adhunik Metaliks has 5 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U28110OR2001PLC017271, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28110OR2001PLC017271 | Current |
| L99999WB2001PLC093945 | Previous |
| U99999WB2001PLC093945 | Previous |
| L28110OR2001PLC017271 | Previous |
| U28110WB2001PLC093945 | Previous |
| L28110WB2001PLC093945 | Previous |
Contact details
Adhunik Metaliks Limited's registered office is in Sundargarh, Odisha. Its website is libertysteelgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressChadri Hariharpur P.O. – Kuarmunda, Sundargarh, Odisha, India – 770039
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Adhunik Metaliks Limited, buy the company report.
- 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
Brands
Adhunik Metaliks operates one associated brand: Adhunik Metaliks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures steel based products for various industries. | adhunikgroup.com |
Business activity
The main business activity of Adhunik Metaliks is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Adhunik Metaliks Limited, buy the company report.
Financials of Adhunik Metaliks Limited
FY 2024 filings availableAdhunik Metaliks Limited reported revenue of ₹332.19 Cr (up 128% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 128% growth 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
| 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 | ₹332.19 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹21.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹140.98 Cr | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.4% | ||||
| Net Profit Margin | -42.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Adhunik Metaliks Limited, buy the company report.
Board of directors of Adhunik Metaliks Limited
Adhunik Metaliks has 4 current directors and 42 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranjita Kumar Dash Also directs: GFG Corporate Services India Private Limited | Whole-Time Director | 06 Dec 2023 | 2 Years 10 Months | Current |
| Sandip Biswas Also directs: Liberty Steel SBQ Limited, Indianext Ventures Private Limited, Maharha Advisor India Private Limited and 2 more | Director | 27 Apr 2024 | 2 Years 5 Months | Current |
| Rameshbabu Bolligrla Also directs: Liberty Steel SBQ Limited | Additional Director | 20 May 2026 | 0 Years 5 Months | Current |
| Satish Chandra | Additional Director | 20 May 2026 | 0 Years 5 Months | Current |
Peer comparison
Adhunik Metaliks Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adhunik Metaliks Limitedthis company | ₹332.19 Cr (FY 2024) | -₹140.98 Cr | -42.4% | 128.0% | 625 | Sundargarh, Odisha, India |
| Vishal Metallics Private Limited | ₹146.59 Cr (FY 2025) | -11.0% | Barbil, Odisha, India | |||
| Darshan Extrusions Private Limited | ₹146.41 Cr (FY 2025) | -6.0% | Thane, Maharashtra, India | |||
| Shri Kanha Stainless Limited | ₹146.39 Cr (FY 2025) | 12.0% | Jaipur, Rajasthan, India | |||
| S.S. Con-Cast Private Limited | ₹146.05 Cr (FY 2025) | 35.0% | Ludhiana, Punjab, India | |||
| Ashiana Ispat Limited | ₹145.98 Cr (FY 2025) | -55.0% | Alwar, Rajasthan, India | |||
| A P S Associates Pvt Ltd | ₹145.6 Cr (FY 2025) | 20.0% | Ludhiana, Punjab, India | |||
| Savitri Con-Cast Limited | ₹144.81 Cr (FY 2025) | 9.0% | Rajasthan, India |
To see the full peer comparison of Adhunik Metaliks Limited, buy the company report.
Auditor
Adhunik Metaliks Limited is audited by MSKA & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSKA & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Adhunik Metaliks Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adhunik Metaliks Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Aug 2011 | 10303799 | Tata Capital Limited | ₹15 Cr | Open | |
| 15 Dec 2003 | 90248480 | Citicorp Finance India Limited | ₹96 Lakh | Open | |
| 12 Jun 2015 | 10579531 | Others | ₹5,031.07 Cr | Satisfied | |
| 30 Jan 2015 | 10551280 | Others | ₹120 Cr | Satisfied | |
| 03 Jan 2015 | 10582617 | Others | ₹2.3 Cr | Satisfied |
To see the full charge records of Adhunik Metaliks Limited, buy the company report.
Total charge records: 93 View all charges
Deals & funding
Adhunik Metaliks Limited has 26 deals on record (16 market trades, 3 convertible or debt financings, 3 rights issues), with disclosed funding of ₹605.1 Cr; the latest was in October 2025.
Deals on record (5 of 26)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Rights issue | ₹81.16 Cr | Investors: LHG Metal Two Private Limited |
| Jul 2014 | Market trade | ₹5.1 Cr | Buyer: Urudavan Investment and Trading Private Limited Seller: Landmark Capital Markets Ltd |
| Nov 2009 | Funding round | ₹137.13 Cr | Investors: Templeton Mutual Fund A/c Franklin India Prima Plus, DSP Blackrock India T.I.G.E.R. Fund, The Master Trust Bank Of Japan LTD A/c The Master Trust Bank Of Japan Ltd As Trustee Of Hsbc India Infrastructure Equity M Fund |
| Jul 2009 | Market trade | ₹9.51 Cr | Buyer: Citigroup Global Markets Mauritius Private Limited Seller: Arion Commercial Pvt Ltd |
| May 2009 | Funding round | ₹72.22 Cr | Investors: Mahananda Suppliers Ltd. , Sungrowth Share & Stocks Limited. , 2 individuals |
To see the full deal history of Adhunik Metaliks Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adhunik Metaliks Limited has 158 court cases on record: 87 filed by Adhunik Metaliks, 71 filed against it. 45 cases are pending and 113 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 73 | 16 | 11 |
| District courts | 61 | 33 | 26 |
| NCLAT | 13 | 13 | 7 |
| Supreme Court | 9 | 8 | 1 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 158)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Writ petition | Filed against the company by LHG Metal Two Pvt. Ltd. | Pending |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by M/S Vedanta Limited Formerly Known As M/S.Sesa Sterlite Ltd. Authorized Signatory Aditya Pyasi Authorized Signatory Aditya Pyasi 1St Floor, Fortune Tower, Chandrasekharpur, Bhubaneswar , , Orissa | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ms Siddheshwar Industries Pvt Ltd | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against Hi-Tech Multiplex Pvt.Ltd. and Others | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against SKD Infrastructure Pvt.Ltd and Another | Pending |
To see the full case history of Adhunik Metaliks Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Adhunik Metaliks Limited was last rated by Brickwork on 31 Aug 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 31 Aug 2018 |
To see the full credit ratings and regulatory alerts of Adhunik Metaliks Limited, buy the company report.
MSME payment delays
Adhunik Metaliks Limited has 6 MSME Form 1 returns on record between 2022 and 2023, listing 52 overdue payments to 15 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rajanikant Brothers | |||
| Hindustan Traders | |||
| VPP and Associates | |||
| an individual supplier | |||
| Batliboi Environmental Engineering Limited |
To see the full MSME payment records of Adhunik Metaliks Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Adhunik Metaliks Limited has a workforce of 625 employees on its EPFO records as of Apr 10, 2024, across 2 active EPFO establishments.
GST
Adhunik Metaliks has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Adhunik Metaliks Limited, buy the company report.
Recent activity
Adhunik Metaliks Limited has 42 board changes on record since 2007: 4 appointments and 38 cessations. The latest: Rameshbabu Bolligrla was appointed as Additional Director on 20 May 2026.
259 earlier events are in the company report.
News
Frequently asked questions
Adhunik Metaliks is an active public limited company based in Sundargarh, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 20 November 2001 (25+ years old) and is registered under CIN U28110OR2001PLC017271.
Adhunik Metaliks has 4 current directors:
- Ranjita Kumar Dash - Whole-Time Director
- Sandip Biswas - Director
- Rameshbabu Bolligrla - Additional Director
- Satish Chandra - Additional Director
The latest financial statements of Adhunik Metaliks on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 21 March 2025. Year-wise statements from 2015 are in the company report.
No. Adhunik Metaliks has 10 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Adhunik Metaliks is U28110OR2001PLC017271. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adhunik Metaliks has 158 court cases on record: 87 filed by the company and 71 filed against it. 45 are pending. Most are in the high courts.
Adhunik Metaliks was incorporated on 20 November 2001, making it 25+ years old. It is registered with the Registrar of Companies, Cuttack.
Adhunik Metaliks has 26 deals on record (16 market trades, 3 convertible or debt financings, 3 rights issues), with disclosed funding of ₹605.1 Cr; the latest was in October 2025.
The peers of Adhunik Metaliks by revenue are Vishal Metallics Private Limited, Darshan Extrusions Private Limited, Shri Kanha Stainless Limited, S.S. Con-Cast Private Limited, Ashiana Ispat Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Rameshbabu Bolligrla was appointed as Additional Director on 20 May 2026. Satish Chandra was appointed as Additional Director on 20 May 2026. Julie Anthony Francis ceased to be Additional Director on 29 Sep 2024. Adhunik Metaliks has 42 board changes on record in total.
Adhunik Metaliks has 6 MSME Form 1 returns on record between 2022 and 2023, listing 52 overdue payments to 15 micro and small suppliers. The latest return was filed on 05 Dec 2023.
Adhunik Metaliks can be reached through the website libertysteelgroup.in. Its registered office is in Sundargarh, Odisha, India.