Bharat Explosives Limited

Bharat Explosives Limited - aerospace, maritime and defense in Lalitpur, Uttar Pradesh, India. FY 2026 financials & compliance.
CIN U65921UP1962PLC002895 Incorporated 21 August 1962 ROC Kanpur HQ Lalitpur, Uttar Pradesh, India
Active Public Limited Company aerospace, maritime and defense MSME · Medium
Data last updated
Revenue · FY 2025
₹36.81 Cr
▼ 13% YoY
Net profit · FY 2025
₹2.28 Cr
Net margin 6.2%
EBITDA · FY 2025
₹1.48 Cr
EBITDA margin 4%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹23.64 Cr
Issued & subscribed
Open charges
₹1 Cr
Satisfied ₹16.31 Cr
Company age
64 yrs
Est. 1962
Employees · EPFO
27
Provident fund records

About Bharat Explosives Limited

Data last updated:

Bharat Explosives Limited is a public limited company based in Lalitpur, Uttar Pradesh, India. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 21 August 1962 and has been in existence for over 64 years.

The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U65921UP1962PLC002895. Its GSTIN is 09AAACB8495M1ZZ (Uttar Pradesh). The company holds 10 GST registrations, of which 4 are active.

The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹23.64 Cr. It is led by directors including Rama Kant Ram (Managing Director) and Anoop Singh Patwal.

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 9 Kmlalitpur Jhansi Road Lalitpur, Uttar Pradesh, India – 284403.

As per the financials filed for FY 2025, the company reported a revenue of ₹36.81 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹2.28 Cr (net margin 6.2%) and EBITDA of ₹1.48 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 19% over five years.

The company has about 27 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Bharat Explosives. As per MCA filings, the company has open charges of ₹1 Cr and satisfied charges of ₹16.31 Cr on record. Court records list 35 cases involving the company, including 15 filed by the company and 19 filed against it; 6 cases are pending.

Bharat Explosives Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-49-0000026). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website belindia.co.in.

Company Details of Bharat Explosives Limited
CIN U65921UP1962PLC002895
Registration Number 002895
Incorporation Date 21 August 1962
ROC Kanpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UP-49-0000026
Key People
Rama Kant Ram Managing Director Anoop Singh Patwal Director Raghu Perandurai Vasudeva Rao Director

Recognitions & Rankings of Bharat Explosives

MSME (Udyam registered) · Medium (2023-24)
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    belindia.co.in
  • Social Media
    Locked
  • Registered Address
    9 Kmlalitpur Jhansi Road Lalitpur, Uttar Pradesh, India – 284403
  • Industry
    Aerospace, Maritime and Defense, Defence Tech & Equipment
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Financials, compliance, directors, charges, ownership and filings for Bharat Explosives Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Bharat Explosives Limited

The main business activity of Bharat Explosives is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Bharat Explosives Limited FY 2025 filings available

Bharat Explosives Limited reported revenue of ₹36.81 Cr (down 13% YoY) for FY 2025.

Revenue · FY 2025
₹36.81 Cr ▼ 13%
Net profit · FY 2025
₹2.28 Cr margin 6.2%
EBITDA · FY 2025
₹1.48 Cr margin 4%

Compounded Annual Growth Rate (CAGR) of Bharat Explosives Limited

Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 16%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▼ 59%
3 years · compounded
▼ 26%

Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA fell 59% 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 Bharat Explosives Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹36.81 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹1.48 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹2.28 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 Bharat Explosives Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin4%••••••••••••••••
Net Profit Margin6.2%••••••••••••••••
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 Bharat Explosives are in the company report.

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Financial statements from 2015

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Peer Comparison of Bharat Explosives Limited

Bharat Explosives Limited is compared with the companies closest to it by revenue in the Defence industry (Defence Products and Technology, Formulations). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Acies Pharmaceutical Private Limited₹37.03 Cr (FY 2025)••••••••68.0%••••Dehradun, Uttarakhand, India
Nexus Pharma Chem Private Limited₹37.01 Cr (FY 2025)••••••••17.0%••••Ahmedabad, Gujarat, India
Lexine Technochem Private Limited₹36.97 Cr (FY 2025)••••••••22.0%••••Salvli, Gujarat, India
Prism Life Sciences Limited₹36.89 Cr (FY 2025)••••••••-11.0%••••Thane, Maharashtra, India
Mednext Biotech Limited₹36.86 Cr (FY 2025)••••••••-32.0%••••Udaipur, Rajasthan, India
Bharat Explosives Limited this company₹36.81 Cr (FY 2025)••••••••-13.0%••••Lalitpur, Uttar Pradesh, India
Shukra Pharmaceuticals Limited Listed₹36.79 Cr (FY 2025)••••••••-52.0%••••Ahmedabad, Gujarat, India
Gitanjali Chemicals Private Limited₹36.72 Cr (FY 2024)••••••••-21.0%••••Mumbai, Maharashtra, India
Quality Bestochem Formulations Private Limited₹36.71 Cr (FY 2024)••••••••18.0%••••Delhi, India
Anphar Organics Private Limited.₹36.7 Cr (FY 2025)••••••••17.0%••••Jammu, Jammu and Kashmir, India
Balaji Formulations Private Limited₹36.59 Cr (FY 2023)••••••••-10.0%••••Hyderabad, Telangana, India

Peers are the five companies nearest above and the five nearest below Bharat Explosives by revenue in the Defence industry (Defence Products and Technology, Formulations), 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 Bharat Explosives Limited

Bharat Explosives Limited is audited by V I K A S BHATNAGAR & CO. for the financial year 2025.

NameStatusAppointment DateCessation Date
V I K A S BHATNAGAR & CO.LockedLockedLocked
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Board of Directors of Bharat Explosives Limited

Bharat Explosives has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rama Kant Ram
Also directs: General Exports and Credits Ltd, Bharatpur Investment Ltd, Bharatpur Nutritional Products Limited and 5 more
Managing Director20 Aug 200620 Years 1 MonthsCurrent
Anoop Singh Patwal
Also directs: General Exports and Credits Ltd, Dalmia Finance Limited, India Tele-Comp Limited and 5 more
Director01 May 201412 Years 5 MonthsCurrent
Raghu Perandurai Vasudeva RaoDirector05 Jun 20233 Years 4 MonthsCurrent
Vinod Kumar GuptaDirector12 Jan 20260 Years 9 MonthsCurrent
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Ownership and Shareholding of Bharat Explosives Limited

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Charges & Borrowings of Bharat Explosives Limited

Open charges
₹1 Cr
Satisfied charges
₹16.31 Cr
Breakdown by lending institutions
State Bank of Mysore₹1.00 Cr
Latest charge details
DateLenderAmountStatus
27 Sep 2007State Bank of Mysore₹50 LakhOpen
26 Feb 2003State Bank of Mysore₹50 LakhOpen
28 Mar 2007Sbi Factors and Commercial Services Private Limited₹7.18 CrSatisfied
30 Mar 2006Lakshmi Vilas Bank Limited₹78.74 LakhSatisfied
27 Oct 2003Lakshmi Vilas Bank Limited₹47.25 LakhSatisfied

Total charge records: 13 View all charges

MSME Payment Delays by Bharat Explosives Limited

Bharat Explosives Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 8 overdue payments to 6 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 6)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
Samarth Electrocare Private Limited••••••••••••
Deep Explo Equipments Private Limited••••••••••••
Vashi Integrated Solutions Limited••••••••••••
Explopack••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Associated Brands with Bharat Explosives Limited

Bharat Explosives operates one associated brand: Bharat Explosives. Each brand links to its own profile.

BrandDescriptionWebsite
Bharat Explosives
Produces explosives for defence, mining, and pharma, with facilities in India.belindia.co.in

Employees and EPFO Compliance at Bharat Explosives Limited

Bharat Explosives Limited has a workforce of 27 employees as of Sep 23, 2025.

Employee count
27
Active EPFO establishments
1
Employee growth
22.73%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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CIN History of Bharat Explosives Limited

Bharat Explosives has one previous CIN (Corporate Identification Number): L65921UP1962PLC002895. The current CIN is U65921UP1962PLC002895, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U65921UP1962PLC002895Current
L65921UP1962PLC002895Previous

Recent Activity on Bharat Explosives Limited

Bharat Explosives Limited has 17 board changes on record since 2006: 4 appointments and 13 cessations. The latest: Vinod Kumar Gupta was appointed as Director on 12 Jan 2026.

Appointed
Vinod Kumar Gupta was appointed as Director.
Charges
A charge registered on 19 Sep 2002 via Charge ID 90275618 with The M.P. State Industrial Development Corp. Ltd. was fully satisfied on 24 Nov 2025.
AGM
Bharat Explosives Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Bharat Explosives Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kanpur.
Ceased
Raghu Perandurai Vasudeva Rao ceased to be Additional Director.
Ceased
Manish Kumar ceased to be Additional Director.
Appointed
Raghu Perandurai Vasudeva Rao was appointed as Director.
Charges
A charge registered on 28 Mar 2007 via Charge ID 10047126 with Sbi Factors And Commercial Services Private Limited was fully satisfied on 07 Mar 2022.
Charges
A charge registered on 27 Dec 1999 via Charge ID 90275156 with S.B.I. Factors And Commercial Services Pvt. Ltd. was fully satisfied on 07 Mar 2022.
Charges
A charge registered on 30 Mar 2006 via Charge ID 80036254 with Lakshmi Vilas Bank Limited was fully satisfied on 21 Dec 2019.
Charges
A charge registered on 27 Oct 2003 via Charge ID 80036255 with Lakshmi Vilas Bank Limited was fully satisfied on 21 Dec 2019.
Charges
A charge registered on 28 Jan 2002 via Charge ID 90275519 with The Lakshmi Vilas Bank Limited was fully satisfied on 21 Dec 2019.

41 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Bharat Explosives Limited

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Credit ratings, litigation, and regulatory alerts

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Subsidiaries & Group Companies of Bharat Explosives Limited

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GST Compliance of Bharat Explosives Limited

Bharat Explosives has 10 GST registrations: 4 active and 6 cancelled or inactive.

Total GSTINs
10
Active
4
Cancelled / inactive
6
GSTINStateStatusRegistered on
09AAACB8495M1ZZUttar PradeshActive01 Jul 2017
07AAACB8495M3Z1DelhiActive01 Nov 2017
27AAACB8495M2Z0MaharashtraActive30 Sep 2020
06AAACB8495M3Z3HaryanaActive07 Nov 2025
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GST registrations and filing compliance

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MCA Filings & Documents of Bharat Explosives Limited

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Frequently Asked Questions about Bharat Explosives Limited

Bharat Explosives is an active public limited company based in Lalitpur, Uttar Pradesh, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 21 August 1962 (64+ years old) and is registered under CIN U65921UP1962PLC002895.

Bharat Explosives reported revenue of ₹36.81 Cr for FY 2025 (down 13% YoY).

Bharat Explosives has 4 current directors:

Bharat Explosives reported a net profit of ₹2.28 Cr (net margin 6.2%) and EBITDA of ₹1.48 Cr (EBITDA margin 4%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Bharat Explosives is -16% over three years and 19% over five years. In the latest year (FY 2025) revenue fell 13%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Bharat Explosives is 09AAACB8495M1ZZ, registered in Uttar Pradesh. The company has 10 GST registrations in all, of which 4 are active and 6 are cancelled or inactive. Other active GSTINs include 07AAACB8495M3Z1 (Delhi), 27AAACB8495M2Z0 (Maharashtra), 06AAACB8495M3Z3 (Haryana).

The CIN (Corporate Identification Number) of Bharat Explosives is U65921UP1962PLC002895. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Bharat Explosives has 35 court cases on record: 15 filed by the company and 19 filed against it. 6 are pending. Most are in the high courts.

Bharat Explosives was incorporated on 21 August 1962, making it 64+ years old. It is registered with the Registrar of Companies, Kanpur.

The peers of Bharat Explosives by revenue are Acies Pharmaceutical Private Limited, Nexus Pharma Chem Private Limited, Lexine Technochem Private Limited, Prism Life Sciences Limited, Mednext Biotech Limited and 5 more, all in the Defence industry (Defence Products and Technology, Formulations).

Vinod Kumar Gupta was appointed as Director on 12 Jan 2026. Raghu Perandurai Vasudeva Rao ceased to be Additional Director on 29 Sep 2023. Manish Kumar ceased to be Additional Director on 01 Aug 2023. Bharat Explosives has 17 board changes on record in total.

Yes, Bharat Explosives is registered as a medium enterprise under Udyam registration (number: UDYAM-UP-49-0000026).

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