About Apl Metals Limited
Data last updated:
Apl Metals Limited is a public limited company based in Kolkata, West Bengal, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the graphite manufacturing and processing segment of the metals and mining sector. It was incorporated on 22 December 1948.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L24224WB1948PLC017455. Its GSTIN is 19AACCA4246P1ZA (West Bengal). The company holds 8 GST registrations, of which 2 are active. It is a listed company.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹22.93 Cr. It was formerly known as Associated Pigments Limited and Associated Pigments Ltd. It is led by directors including Sanjiv Nandan Sahaya (Managing Director) and Prakash Kumar Damani.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2024, the company reported a revenue of ₹702.6 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹9.84 Cr (net margin -1.4%) and EBITDA of ₹12.23 Cr (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 5% over five years.
The company has about 209 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹236.84 Cr and satisfied charges of ₹195.55 Cr on record. Court records list 88 cases involving the company, including 51 filed by the company and 34 filed against it; 16 cases are pending.
The last known website on record is aplmetalsltd.com.
Name History of Apl Metals Limited
Apl Metals has undergone 2 name changes throughout its history. The company was previously known as Associated Pigments Limited, and Associated Pigments Ltd. The current legal name is Apl Metals Limited.
| Company Name | Status |
|---|---|
| Apl Metals Limited | Current |
| Associated Pigments Limited | Previous |
| Associated Pigments Ltd | Previous |
CIN History of Apl Metals Limited
Apl Metals has one previous CIN (Corporate Identification Number): U24224WB1948PLC017455. The current CIN is L24224WB1948PLC017455, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24224WB1948PLC017455 | Current |
| U24224WB1948PLC017455 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address17 Lake Terrace, Ps Sarovar And Po Sarat Bose Road, Kolkata, West Bengal, India – 700029
- IndustryMetals and Minerals, Graphite 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
Business Activity of Apl Metals Limited
The main business activities of Apl Metals are manufacturing and trade. In detail, this covers metal and metal products and wholesale trading. 2 activity segments are registered with the MCA.
| 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 |
| G | Trade | G1 | Wholesale Trading | 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 Apl Metals Limited FY 2024 filings available
Apl Metals Limited reported revenue of ₹702.6 Cr (down 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Apl Metals Limited
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 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 Apl Metals Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹702.6 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹12.23 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.84 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 Apl Metals Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Apl Metals 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.
Board of Directors of Apl Metals Limited
Apl Metals has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Kumar Damani Also directs: Louden Developers LLP, Hallo Biscuit Company Pvt Ltd, Damani Polymers Pvt Ltd and 5 more | Director | 12 Nov 2016 | 9 Years 11 Months | As last reported |
| Sanjiv Nandan Sahaya Also directs: Neel Gagan Developers Pvt. Ltd., Orbit Crystal Owners Association | Managing Director | 06 Jan 2005 | 21 Years 9 Months | As last reported |
| Vikas Garg | Additional Director | 28 May 2025 | 1 Years 4 Months | As last reported |
| Subir Dey | Additional Director | 14 Nov 2024 | 1 Years 11 Months | As last reported |
Peer Comparison of Apl Metals Limited
Apl Metals Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Graphite, Metals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vimla Fuels & Metals Limited | ₹718.74 Cr (FY 2023) | •••• | •••• | 7.0% | •••• | Bhachau, Gujarat, India |
| S. Poddar International (India) Private Limited | ₹718.68 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Gandhidham, Gujarat, India |
| Copprrod Industries Private Limited | ₹718.04 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Tumkur, Karnataka, India |
| Bhumi Electro India Private Limited | ₹711.09 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Chhatral, Gujarat, India |
| Shree Metals (Mujbi ) Private Limited | ₹707.52 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Bhandara, Maharashtra, India |
| Apl Metals Limited this company | ₹702.6 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Kolkata, West Bengal, India |
| MMP Industries Limited Listed | ₹692.91 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Nagpur, Maharashtra, India |
| Sundaram Alloys Limited | ₹687.2 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Sree Sumangala Metals and Industries Private Limited | ₹682.33 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Chennai, Tamil Nadu, India |
| Shri Sabhari Metallurgical (India) Limited | ₹681.47 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Chennai, Tamil Nadu, India |
| Western Metal Industries Private Limited | ₹654.92 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Apl Metals by revenue in the Metals and Minerals industry (Graphite, Metals), 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 Apl Metals Limited
Apl Metals Limited is audited by VPC & Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VPC & 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.
Ownership and Shareholding of Apl Metals 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 Apl Metals Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jan 2026 | Others | ₹34.11 Cr | Open |
| 22 Jan 2026 | Others | ₹9.84 Cr | Open |
| 22 Jan 2026 | Others | ₹22.06 Cr | Open |
| 13 Dec 2023 | Indian Bank | ₹137.24 Cr | Open |
| 02 Jun 2022 | Hdfc Bank Limited | ₹66 Lakh | Open |
Total charge records: 29 View all charges
Legal Cases of Apl Metals Limited
Apl Metals Limited has 88 court cases on record: 51 filed by Apl Metals, 34 filed against it, 3 where it is another party. 16 cases are pending and 72 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 67 | 18 | 7 |
| District courts | 14 | 9 | 9 |
| NCLAT | 6 | 6 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 88)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by Jagannath Financial Advisory Private Limited | Pending |
| District court, South Twenty Four Parganas, West Bengal | Court case (TS (Com)) | Filed against the company by Chloride Metals Limited | Pending |
| District court, South Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by Tata Capital Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Tata Capital Financial Services Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by N.V. Aluminium Cast Private Limited | Disposed |
Full case history
All 88 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 Apl Metals Limited
Apl Metals Limited has a workforce of 209 employees as of Oct 11, 2025.
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 Apl Metals Limited
Apl Metals Limited has 39 board changes on record since 1989: 22 appointments and 17 cessations. The latest: Vikas Garg was appointed as Additional Director on 28 May 2025.
78 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Apl Metals 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 Apl Metals 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 Apl Metals 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 Apl Metals Limited
Apl Metals has 8 GST registrations: 2 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCA4246P1ZA | West Bengal | Active | 01 Jul 2017 |
| 09AACCA4246P1ZB | Uttar Pradesh | 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 Apl Metals 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 Apl Metals Limited
Apl Metals is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Apl Metals is a company under insolvency, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in graphite manufacturing and processing, within the metals and minerals industry. It was incorporated on 22 December 1948 and is registered under CIN L24224WB1948PLC017455. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Apl Metals reported revenue of ₹702.6 Cr for FY 2024 (down 5% YoY).
Apl Metals has 4 current directors:
- Sanjiv Nandan Sahaya - Managing Director
- Prakash Kumar Damani - Director
- Vikas Garg - Additional Director
- Subir Dey - Additional Director
Apl Metals reported a net loss of ₹9.84 Cr (net margin -1.4%) and EBITDA of ₹12.23 Cr (EBITDA margin 1.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Apl Metals is 4% over three years and 5% over five years. In the latest year (FY 2024) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Apl Metals is L24224WB1948PLC017455. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Apl Metals is a listed company.
Apl Metals has open charges of ₹236.84 Cr and satisfied charges of ₹195.55 Cr as per latest MCA filings.
Apl Metals has 88 court cases on record: 51 filed by the company and 34 filed against it. 16 are pending. Most are in the high courts.
Apl Metals was incorporated on 22 December 1948. It is registered with the Registrar of Companies, Kolkata.