About Aditya Forge Limited
Data last updated:
Aditya Forge Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 27 February 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L68200GJ1992PLC017196. Its GSTIN is 24AABCA7948P1Z5 (Gujarat). Its shares are listed on BSE: 522150.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.31 Cr. It is led by directors including Nitin Rasiklal Parekh (Managing Director) and Kiran Bhartabhai Mistri.
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 T – 4 Shreeji Astha Avenue Ellora Park, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.59 Cr, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹6.99 Cr (net margin 51.5%) and EBITDA of ₹7.74 Cr (EBITDA margin 56.9%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 6% over five years.
The company has about 47 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Aditya Forge. As per MCA filings, the company has satisfied charges of ₹6.5 Cr on record. Court records list 23 cases involving the company, including 9 filed by the company and 13 filed against it. The company has 25 deals on record (25 market trades); the latest was in September 2011. Its 10 peer companies in the Machinery and Equipment industry (Tools and Components) are compared by revenue, 5 larger and 5 smaller; the largest is Evident Laser Auto Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adityaforge.com.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressT – 4 Shreeji Astha Avenue Ellora Park, Vadodara, Gujarat, India – 390007
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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
Business Activity of Aditya Forge Limited
The main business activity of Aditya Forge is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Aditya Forge Limited FY 2025 filings available
Aditya Forge Limited reported revenue of ₹13.59 Cr (down 57% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Aditya Forge Limited
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 57% fall in the latest year. EBITDA rose 51% 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 Aditya Forge Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹7.74 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.99 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 of Aditya Forge Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 51.5% | •••• | •••• | •••• | •••• |
| 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 Aditya Forge 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 Aditya Forge Limited
Aditya Forge Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Evident Laser Auto Private Limited | •••• | •••• | •••• | •••• | 14 | Bangalore, Karnataka, India |
| Joule Tech Industrial Services Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Sato Pooja Fasteners Private Limited | •••• | •••• | •••• | •••• | - | Ballabgarh, Haryana, India |
| Multi-Reliable Solutions Private Limited | •••• | •••• | •••• | •••• | - | Satellite, Gujarat, India |
| Mast Climber Spares and Services Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Aditya Forge Limited this company | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Sitawar Steel Private Limited | •••• | •••• | •••• | •••• | - | Bhiwadi, Rajasthan, India |
| Shree Varda Laser Tech Private Limited | •••• | •••• | •••• | •••• | 13 | Gandhinagar, Gujarat, India |
| Micro Tooling Systems India Private Limited | •••• | •••• | •••• | •••• | 36 | Chennai, Tamil Nadu, India |
| Krishna Transformer Components Private Limited | •••• | •••• | •••• | •••• | - | Bhopal, Madhya Pradesh, India |
| Aim Tech Engineering Solutions Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Aditya Forge by revenue in the Machinery and Equipment industry (Tools and Components), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Aditya Forge Limited
Aditya Forge has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Rasiklal Parekh Also directs: Nitin Profiles Pvt Ltd | Managing Director | 27 Feb 1992 | 34 Years 7 Months | Current |
| Ruta Hareshkumar Parikh Also directs: SMR Jewels Limited | Additional Director | 08 Oct 2025 | 0 Years 11 Months | Current |
| Kiran Bhartabhai Mistri Also directs: Encode Packaging India Limited, Gallops Enterprise Limited | Director | 27 Jul 2024 | 2 Years 2 Months | Current |
| Heera Lal Kumhar Also directs: Encode Packaging India Limited | Director | 02 Sep 2024 | 2 Years 1 Months | Current |
Charges & Borrowings of Aditya Forge Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Dec 1998 | The Madhavpura Mercantile Co. Op. Bank Ltd. | ₹3 Cr | Satisfied |
| 23 Mar 1998 | The Madhavpura Mercantile Co. Op. Bank Ltd. | ₹1 Cr | Satisfied |
| 22 Jan 1998 | The Madhavpura Mercantile Co. Op. Bank Ltd. | ₹2 Cr | Satisfied |
| 13 Jun 1997 | The Madhavpura Mercantile Co. Op. Bank Ltd. | ₹50 Lakh | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Aditya Forge Limited
Aditya Forge Limited has 25 deals on record (25 market trades); the latest was in September 2011.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2011 | Market trade | ₹2 Lakh | Seller: an individual |
| Jul 2011 | Market trade | ₹5 Lakh | Buyer: Nitin Rasiklal Parekh (Huf) Seller: an individual |
| Feb 2010 | Market trade | ₹2.7 Lakh | Buyer: an individual Seller: VSL Securities Private Limited |
| Dec 2007 | Market trade | ₹6 Lakh | Buyer: Tomorrow Technologies Global Innovations Limited |
| Jun 2007 | Market trade | ₹24.1 Lakh | Buyer: Sainath Herbal Care Marketing Private Limited Seller: 2 individuals |
Full deal history
All 25 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Aditya Forge Limited
Aditya Forge Limited has 23 court cases on record: 9 filed by Aditya Forge, 13 filed against it, 1 where it is another party. All cases are disposed. Status as checked between 30 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 11 | 0 |
| High courts | 5 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (COMP) | Filed against the company by Shree Yash Stainless Private Limited | Disposed |
| District court, Ghaziabad, Uttar Pradesh | Court case (Complaint Cases) | Filed against the company by Srinathji Ispat Limited | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Liquidator the Madhavpura Mercantile Co Op Bank Ltd | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Liquidator, Madhavpura Mercantile Co.Op. Bank Ltd | Disposed |
| District court, Vadodara, Gujarat | Court case (CMA DC) | Filed by the company against an individual | Disposed |
Full case history
All 23 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.
Associated Brands with Aditya Forge Limited
Aditya Forge operates one associated brand: Aditya Forge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of forged flanges and seamless butt-weld fittings | adityaforge.com |
Employees and EPFO Compliance at Aditya Forge Limited
Employment history and EPFO contributions of people linked to Aditya Forge.
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.
CIN History of Aditya Forge Limited
Aditya Forge has one previous CIN (Corporate Identification Number): L27100GJ1992PLC017196. The current CIN is L68200GJ1992PLC017196, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L68200GJ1992PLC017196 | Current |
| L27100GJ1992PLC017196 | Previous |
News related to Aditya Forge Limited
Recent Activity on Aditya Forge Limited
Aditya Forge Limited has 16 board changes on record since 1992: 5 appointments and 11 cessations. The latest: Ruta Hareshkumar Parikh was appointed as Additional Director on 08 Oct 2025.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aditya Forge 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 Aditya Forge 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 Aditya Forge 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 Aditya Forge Limited
Aditya Forge has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA7948P1Z5 | Gujarat | Active | 01 Jul 2017 |
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 Aditya Forge 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 Aditya Forge Limited
Aditya Forge is an active public limited company based in Vadodara, Gujarat, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 27 February 1992 (34+ years old) and is registered under CIN L68200GJ1992PLC017196. Listed on BSE: 522150.
Aditya Forge reported revenue of ₹13.59 Cr for FY 2025 (down 57% YoY).
Aditya Forge has 4 current directors:
- Nitin Rasiklal Parekh - Managing Director
- Ruta Hareshkumar Parikh - Additional Director
- Kiran Bhartabhai Mistri - Director
- Heera Lal Kumhar - Director
Aditya Forge reported a net profit of ₹6.99 Cr (net margin 51.5%) and EBITDA of ₹7.74 Cr (EBITDA margin 56.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aditya Forge is -14% over three years and -6% over five years. In the latest year (FY 2025) revenue fell 57%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aditya Forge is 24AABCA7948P1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Aditya Forge is L68200GJ1992PLC017196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Aditya Forge is listed on BSE with code 522150.
Aditya Forge has 23 court cases on record: 9 filed by the company and 13 filed against it. Most are in the district courts.
Aditya Forge was incorporated on 27 February 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Aditya Forge has 25 deals on record (25 market trades); the latest was in September 2011.