About Cane Agro Energy (India) Limited
Data last updated:
Cane Agro Energy (India) Limited is a public limited company based in Kadegaon, Maharashtra, 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 sugar processing segment of the agriculture sector. It was incorporated on 25 May 2007.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U01115PN2007PLC130211. Its GSTIN is 27AADCC0870C2Z2 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹129.54 Cr. It is led by directors including Dattatraya Dadu Suryawanshi and Laxman Jaisingh Kanse.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Kadegaon, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹97.56 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹4.49 Cr (net margin 4.6%) and EBITDA of ₹12.82 Cr (EBITDA margin 13.1%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years.
The company has about 298 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹219.22 Cr and satisfied charges of ₹8.25 Cr on record. Court records list 1,924 cases involving the company, including 85 filed by the company and 1,839 filed against it; 782 cases are pending.
The last known website on record is ogalegroup.com.
Company details
Contact details
Cane Agro Energy (India) Limited's registered office is in Kadegaon, Maharashtra. Its website is ogalegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAt Raigaon Post Hingangaon (Budruk) Tal, India, Kadegaon, Maharashtra, India – 415305
- IndustryAgriculture, Sugar Processing
To see the full contact details of Cane Agro Energy (India) 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 activity of Cane Agro Energy (India) is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Cane Agro Energy (India) Limited, buy the company report.
Financials of Cane Agro Energy (India) Limited
FY 2018 filings availableCane Agro Energy (India) Limited reported revenue of ₹97.56 Cr (down 27% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over three years, including a 27% fall in the latest year. EBITDA rose 21% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹97.56 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹12.82 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹4.49 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.1% | |||
| Net Profit Margin | 4.6% | |||
| 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 Cane Agro Energy (India) Limited, buy the company report.
Board of directors of Cane Agro Energy (India) Limited
Cane Agro Energy (India) has 7 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dattatraya Dadu Suryawanshi | Director | 25 May 2007 | 19 Years 5 Months | As last reported |
| Laxman Jaisingh Kanse | Director | 23 Nov 2012 | 13 Years 11 Months | As last reported |
| Bharat Hindurao Patil Also directs: Kriyashakti Traders LLP | Director | 01 Mar 2015 | 11 Years 8 Months | As last reported |
| Ramchandra Dadaso Gharge | Director | 23 Nov 2012 | 13 Years 11 Months | As last reported |
| Shivaji Shamrao Patil | Director | 23 Aug 2015 | 11 Years 2 Months | As last reported |
| Dhananjay Chadnrasen Deshmukh | Director | 04 Jan 2017 | 9 Years 10 Months | As last reported |
Peer comparison
Cane Agro Energy (India) Limited is compared with the 6 companies closest to it by revenue in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sachin Ghayal Sugar Private Limited | ₹106.56 Cr (FY 2023) | 21.0% | Paithan, Maharashtra, India | |||
| N. Punjab Sugars Private Limited | ₹103.19 Cr (FY 2025) | 46.0% | Nagpur, Maharashtra, India | |||
| Shervani Sugar Syndicate Ltd | ₹98.22 Cr (FY 2024) | -16.0% | Uttar Pradesh, India | |||
| Cane Agro Energy (India) Limitedthis company | ₹97.56 Cr (FY 2018) | ₹4.49 Cr | 4.6% | -27.0% | 298 | Kadegaon, Maharashtra, India |
| Shakumbari Sugar and Allied Industries Limited | ₹95.8 Cr (FY 2025) | 1144.0% | Saharanpur, Uttar Pradesh, India | |||
| Perambalur Sugar Mills Limited | ₹95 Cr (FY 2025) | -35.0% | Chennai, Tamil Nadu, India | |||
| Shree Kedarnath Sugar and Agro Products Limited | ₹94.55 Cr (FY 2022) | 301.0% | Mudhol, Karnataka, India |
To see the full peer comparison of Cane Agro Energy (India) Limited, buy the company report.
Auditor
Cane Agro Energy (India) Limited is audited by H M A & Associates for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H M A & Associates | FY 2018 | 100537W |
Shareholding
The shareholding of Cane Agro Energy (India) Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Cane Agro Energy (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2017 | 100151574 | Others | ₹161.81 Cr | Open | |
| 14 Oct 2015 | 100030113 | Others | ₹14.18 Cr | Open | |
| 23 Jul 2014 | 100053083 | Others | ₹13.22 Cr | Open | |
| 30 Mar 2014 | 10494142 | Others | ₹30 Cr | Open | |
| 05 Nov 2016 | 100063568 | Others | ₹6 Cr | Satisfied |
To see the full charge records of Cane Agro Energy (India) Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Cane Agro Energy (India) Limited has 1,924 court cases on record: 85 filed by Cane Agro Energy (India), 1,839 filed against it. 782 cases are pending and 1,142 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,877 | 1,807 | 772 |
| High courts | 32 | 20 | 3 |
| NCLAT | 8 | 8 | 7 |
| Supreme Court | 5 | 2 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 1,924)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Shri Gurudatt Sugars Marketing Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Sucden India Private Limited. | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against Sucden India Private Limited. | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Sucden India Private Limited 34A/227 Nariman Point , District: Mumbai ,Mumbai , Maharashtra | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against Ms. SLS Tubes Pvt. Ltd. and Ors Through Mahesh Barot - the State - Respondent | Disposed |
To see the full case history of Cane Agro Energy (India) 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cane Agro Energy (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cane Agro Energy (India) Limited has a workforce of 298 employees on its EPFO records as of Aug 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 298 |
| FY 2019-20 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Cane Agro Energy (India) Limited, buy the company report.
GST
Cane Agro Energy (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCC0870C2Z2 | Maharashtra | Active | 22 Jul 2021 |
To see the full GST registrations and return filing status of Cane Agro Energy (India) Limited, buy the company report.
Recent activity
Cane Agro Energy (India) Limited has 19 board changes on record since 2007: 7 appointments and 12 cessations. The latest: Dhondiram Anna Mahind ceased to be Director on 01 Mar 2020.
22 earlier events are in the company report.
Frequently asked questions
Cane Agro Energy (India) 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.
Cane Agro Energy (India) is a company under insolvency, formerly operating as a public limited company based in Kadegaon, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 25 May 2007 and is registered under CIN U01115PN2007PLC130211. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Cane Agro Energy (India) has 7 current directors:
- Dattatraya Dadu Suryawanshi - Director
- Laxman Jaisingh Kanse - Director
- Bharat Hindurao Patil - Director
- Ramchandra Dadaso Gharge - Director
- Shivaji Shamrao Patil - Director
- Dhananjay Chadnrasen Deshmukh - Director
- Seema Umesh Mandake - Director
The latest financial statements of Cane Agro Energy (India) on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Cane Agro Energy (India) is U01115PN2007PLC130211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cane Agro Energy (India) has open charges of ₹219.22 Cr and satisfied charges of ₹8.25 Cr as per latest MCA filings.
Cane Agro Energy (India) has 1,924 court cases on record: 85 filed by the company and 1,839 filed against it. 782 are pending. Most are in the district courts.
Cane Agro Energy (India) was incorporated on 25 May 2007. It is registered with the Registrar of Companies, Pune.
The peers of Cane Agro Energy (India) by revenue are Sachin Ghayal Sugar Private Limited, N. Punjab Sugars Private Limited, Shervani Sugar Syndicate Ltd, Shakumbari Sugar and Allied Industries Limited, Perambalur Sugar Mills Limited and 1 more, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).
Dhondiram Anna Mahind ceased to be Director on 01 Mar 2020. Shankar Anant Mohite Patil ceased to be Director on 01 Mar 2020. Raviraj Prithviraj Deshmukh ceased to be Additional Director on 12 Jun 2019. Cane Agro Energy (India) has 19 board changes on record in total.
Cane Agro Energy (India) can be reached through the website ogalegroup.com. Its registered office is in Kadegaon, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
