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 as per MCA records.
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 95 cases involving the company, including 51 filed by the company and 44 filed against it; 18 cases are pending.
The last known website on record is aplmetalsltd.com.
Company details
Name history
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
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 |
Contact details
Apl Metals Limited's registered office is in Kolkata, West Bengal. Its website is aplmetalsltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address17 Lake Terrace, Ps Sarovar And Po Sarat Bose Road, Kolkata, West Bengal, India – 700029
- IndustryMetals and Minerals, Graphite Manufacturing & Processing
To see the full contact details of Apl Metals 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
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Apl Metals Limited, buy the company report.
Financials of Apl Metals Limited
FY 2024 filings availableApl Metals Limited reported revenue of ₹702.6 Cr (down 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| 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 | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹12.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.84 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| 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) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Apl Metals Limited, buy the company report.
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 5 Months | As last reported |
| Subir Dey | Additional Director | 14 Nov 2024 | 1 Years 11 Months | As last reported |
Peer comparison
Apl Metals Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Graphite, Metals), 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 |
|---|---|---|---|---|---|---|
| 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 | |||
| Apl Metals Limitedthis company | ₹702.6 Cr (FY 2024) | -₹9.84 Cr | -1.4% | -5.0% | 209 | Kolkata, West Bengal, India |
| MMP Industries Limited | ₹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 |
To see the full peer comparison of Apl Metals Limited, buy the company report.
Auditor
Apl Metals Limited is audited by VPC & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VPC & Associates | FY 2024 | 313203E |
Shareholding
The shareholding of Apl Metals Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Apl Metals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2026 | 101222807 | Others | ₹34.11 Cr | Open | |
| 22 Jan 2026 | 101222986 | Others | ₹9.84 Cr | Open | |
| 22 Jan 2026 | 101222988 | Others | ₹22.06 Cr | Open | |
| 13 Dec 2023 | 100834079 | Indian Bank | ₹137.24 Cr | Open | |
| 02 Jun 2022 | 100582052 | Hdfc Bank Limited | ₹66 Lakh | Open |
To see the full charge records of Apl Metals Limited, buy the company report.
Total charge records: 29 View all charges
Legal cases
Apl Metals Limited has 95 court cases on record: 51 filed by Apl Metals, 44 filed against it. 18 cases are pending and 77 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 68 | 22 | 7 |
| District courts | 17 | 12 | 11 |
| NCLAT | 6 | 6 | 0 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 95)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by Jagannath Financial Advisory Pvt. Ltd. | Pending |
| District court, South Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by Tata Capital 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, Calcutta, West Bengal | Civil suit | Filed against the company by Tata Capital Financial Services Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by HDFC Bank Limited | Disposed |
To see the full case history of Apl Metals 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
Apl Metals Limited was last rated by Care on 25 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 25 Jul 2022 |
To see the full credit ratings and regulatory alerts of Apl Metals Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Apl Metals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Apl Metals Limited has a workforce of 209 employees on its EPFO records as of Oct 11, 2025, across 2 active EPFO establishments.
GST
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 |
To see the full GST registrations and return filing status of Apl Metals Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 4 current directors:
- Sanjiv Nandan Sahaya - Managing Director
- Prakash Kumar Damani - Director
- Vikas Garg - Additional Director
- Subir Dey - Additional Director
The latest financial statements of Apl Metals on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from 2015 are in the company report.
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 as per MCA records.
Apl Metals has open charges of ₹236.84 Cr and satisfied charges of ₹195.55 Cr as per latest MCA filings.
Apl Metals has 95 court cases on record: 51 filed by the company and 44 filed against it. 18 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.
The peers of Apl Metals by revenue are Copprrod Industries Private Limited, Bhumi Electro India Private Limited, MMP Industries Limited, Sundaram Alloys Limited, Sree Sumangala Metals and Industries Private Limited and 2 more, all in the Metals and Minerals industry (Graphite, Metals), with the same principal business activity (metal and metal products).
Vikas Garg was appointed as Additional Director on 28 May 2025. Ram Narayan Prajapati ceased to be Company Secretary on 20 Nov 2024. Harsha Sharma ceased to be Director on 14 Nov 2024. Apl Metals has 39 board changes on record in total.
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