Eastman Cast and Forge Ltd

Eastman Cast and Forge Ltd - machinery and equipment in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN U27109DL1986PLC024925 Incorporated 24 July 1986 ROC Delhi HQ New Delhi, Delhi, India
Active Public Limited Company machinery and equipment MSME · Medium
Data last updated
Revenue · FY 2024
₹225.71 Cr
▼ 2% YoY
Net profit · FY 2024
₹13.59 Cr
Net margin 6%
EBITDA · FY 2024
₹20.85 Cr
EBITDA margin 9.2%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹25.5 Cr
Satisfied ₹51.57 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
768
Provident fund records

About Eastman Cast and Forge Ltd

Data last updated:

Eastman Cast and Forge Ltd is a public limited company based in New Delhi, Delhi, India. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 24 July 1986 and has been in existence for over 40 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U27109DL1986PLC024925. Its GSTIN is 03AAACE0574E1Z9 (Punjab). The company holds 8 GST registrations, of which 5 are active.

The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It was formerly known as Makhni and Tyagi Private Limited. It is led by directors including Jagdish Rai Singal (Managing Director) and Narinder Mohan (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Flat No. 101 First Floor 1 Community Centre Naraina Industrial Area Phase – I, New Delhi, Delhi, India – 110028.

As per the financials filed for FY 2024, the company reported a revenue of ₹225.71 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹13.59 Cr (net margin 6%) and EBITDA of ₹20.85 Cr (EBITDA margin 9.2%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 8% over five years.

The company has about 768 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Eastman Hand Tools. As per MCA filings, the company has open charges of ₹25.5 Cr and satisfied charges of ₹51.57 Cr on record. Court records list 22 cases involving the company, including 17 filed by the company and 5 filed against it; 3 cases are pending. The company has 3 deals on record (3 secondary share transfers); the latest was in June 2022. Its 5 peer companies in the Machinery and Equipment industry (Machine Tools), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 4 smaller; the largest is Sharp Chucks and Machines Limited with revenue of ₹246.23 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 319 overdue payments to 51 micro and small suppliers.

Eastman Cast and Forge Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0002265). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eastmanhandtools.com.

Company details

CIN U27109DL1986PLC024925
Registration Number 024925
Incorporation Date 24 July 1986
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-PB-12-0002265
Key People
Jagdish Rai Singal Managing Director Narinder Mohan Whole-Time Director Shekhar Singal Director

Recognitions & Rankings of Eastman Cast and Forge

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-PB-12-0002265

Contact details

Eastman Cast and Forge Ltd's registered office is in New Delhi, Delhi. Its website is eastmanhandtools.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    eastmanhandtools.com
  • Social Media
  • Registered Address
    Flat No. 101 First Floor 1 Community Centre Naraina Industrial Area Phase – I, New Delhi, Delhi, India – 110028
  • Industry
    Machinery and Equipment, Industrial Machine Tools

To see the full contact details of Eastman Cast and Forge Ltd, buy the company report.

Comprehensive company report
Eastman Cast and Forge Ltd - one report that includes everything
  • 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
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Brands

Eastman Cast and Forge operates one associated brand: Eastman Hand Tools. Each brand links to its own profile.

BrandDescriptionWebsite
Eastman Hand Tools
Manufacturing of hand tools, automotive tools, and power tools in India.eastmanhandtools.com

Business activity

The main business activities of Eastman Cast and Forge 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 codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Eastman Cast and Forge Ltd, buy the company report.

Financials of Eastman Cast and Forge Ltd

FY 2024 filings available

Eastman Cast and Forge Ltd reported revenue of ₹225.71 Cr (down 2% YoY) for FY 2024.

Revenue · FY 2024
₹225.71 Cr ▼ 2%
Net profit · FY 2024
₹13.59 Cr margin 6%
EBITDA · FY 2024
₹20.85 Cr margin 9.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 14%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 15%
5 years · compounded
▲ 8%

Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹20.85 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹13.59 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin9.2%
Net Profit Margin6%
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 Eastman Cast and Forge Ltd, buy the company report.

Board of directors of Eastman Cast and Forge Ltd

Eastman Cast and Forge has 7 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shekhar Singal
Also directs: Eastman Enterprises LLP, Duro Pack Limited, Eastman Digital Private Limited and 5 more
Director19 Aug 201016 Years 2 MonthsCurrent
Darshana Singal
Also directs: Eastman Industries Limited
Director19 Dec 199530 Years 10 MonthsCurrent
Ranjodh Singh Ryait
Also directs: Eastman Industries Limited, GS Engitech Private Limited, G S Radiators Limited
Director30 Sep 199729 Years 1 MonthsCurrent
Vandana Aggarwal
Also directs: Eastman Industries Limited, Ozone Cube Growth Partners LLP, Ozone Neximpact Assets LLP and 3 more
Director19 Aug 201016 Years 2 MonthsCurrent
Vineet Jain
Also directs: Duro Pack Limited, Eastman Industries Limited, Arihant Flexi Pack Pvt.Ltd. and 4 more
Director19 Aug 201016 Years 2 MonthsCurrent
Jagdish Rai Singal
Also directs: Eastman Auto & Power Limited, Eastman Industries Limited, Ludhiana Angels Network LLP and 1 more
Managing Director24 Jul 198640 Years 3 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Eastman Cast and Forge Ltd is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Machine Tools), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Sharp Chucks and Machines Limited₹246.23 Cr (FY 2025)22.0%Jalandhar, Punjab, India
Eastman Cast and Forge Ltdthis company₹225.71 Cr (FY 2024)₹13.59 Cr6%-2.0%768New Delhi, Delhi, India
Birla Precision Technologies Limited₹216.02 Cr (FY 2025)-5.0%Mumbai, Maharashtra, India
Proxima Steel Forge Private Limited₹197.74 Cr (FY 2025)36.0%Punjab, India
Yamazaki Mazak Machine Tools Private Limited₹194.37 Cr (FY 2025)91.0%Shirur, Maharashtra, India
Samrat Forgings Limited₹191.68 Cr (FY 2025)18.0%Mohali, Punjab, India

To see the full peer comparison of Eastman Cast and Forge Ltd, buy the company report.

Auditor

Eastman Cast and Forge Ltd is audited by DASS KHANNA & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
DASS KHANNA & CO.FY 2023000402N

Shareholding

The shareholding of Eastman Cast and Forge Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Eastman Cast and Forge Ltd, buy the company report.

Charges & borrowings

Open charges
₹25.5 Cr
Satisfied charges
₹51.57 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹22.00 Cr
State Bank of India₹3.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
09 Aug 2016100068706Hdfc Bank Limited₹22 CrOpen
27 Apr 199490041224State Bank of India₹3.5 CrOpen
08 Dec 201410539855Icici Bank Limited₹23 CrSatisfied
11 Sep 201410521131Small Industries Development Bank of India₹74 LakhSatisfied
11 Sep 201410521132Small Industries Development Bank of India₹3 CrSatisfied

To see the full charge records of Eastman Cast and Forge Ltd, buy the company report.

Total charge records: 19 View all charges

Deals & funding

Eastman Cast and Forge Ltd has 3 deals on record (3 secondary share transfers); the latest was in June 2022.

Total deals
3
Secondary share transfers
3

Deals on record (3 of 3)

WhenDealAmountParties
Jun 2022Secondary share transferUndisclosedBuyer: JRS Trust
Seller: an individual
Jun 2022Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2022Secondary share transferUndisclosedBuyer: an individual
Seller: an individual

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Eastman Cast and Forge Ltd was last rated by Crisil on 11 Nov 2020.

Rating agencyRated onRating
Crisil11 Nov 2020

To see the full credit ratings and regulatory alerts of Eastman Cast and Forge Ltd, buy the company report.

MSME payment delays

Eastman Cast and Forge Ltd has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 319 overdue payments to 51 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 51)

SupplierAmount dueDue sinceReported on
an individual supplier
Gem Tools Manufacturing Co.
an individual supplier
Marshal Forgings
N.S. Hydraulics (India)

To see the full MSME payment records of Eastman Cast and Forge Ltd, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Eastman Cast and Forge Ltd has a workforce of 768 employees on its EPFO records as of Nov 08, 2024, across 1 active EPFO establishment.

Employee count
768
Active EPFO establishments
1
Employee growth
-1.66%

GST

Eastman Cast and Forge has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
8
Active
5
Cancelled / inactive
3
GSTINStateStatusRegistered on
03AAACE0574E1Z9PunjabActive01 Jul 2017
04AAACE0574E1Z7ChandigarhActive01 Jul 2017
08AAACE0574E1ZZRajasthanActive01 Jul 2017
29AAACE0574E1ZVKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Eastman Cast and Forge Ltd, buy the company report.

Recent activity

Eastman Cast and Forge Ltd has 21 board changes on record since 1986: 14 appointments and 7 cessations. The latest: Satish Kumar Vadehra ceased to be Director on 10 Apr 2023.

AGM
Eastman Cast And Forge Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Eastman Cast And Forge Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi I.
Ceased
Satish Kumar Vadehra ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 3.50 Cr registered on 27 Apr 1994 with Charge ID 90041224 was modified on 08 Mar 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 22.00 Cr registered on 09 Aug 2016 with Charge ID 100068706 was modified on 24 Aug 2021.
Charges
A charge registered on 11 Sep 2014 via Charge ID 10521131 with Small Industries Development Bank Of India was fully satisfied on 05 Nov 2019.
Charges
A charge registered on 11 Sep 2014 via Charge ID 10521134 with Small Industries Development Bank Of India was fully satisfied on 05 Nov 2019.
Appointed
Narinder Mohan was appointed as Whole-Time Director.
Ceased
Reema Jain ceased to be Director.
Ceased
Sunil Wasal ceased to be Whole-Time Director.
Appointed
Sunil Wasal was appointed as Whole-Time Director.
Ceased
Krishan Chand Sharma ceased to be Whole-Time Director.

61 earlier events are in the company report.

Frequently asked questions

Eastman Cast and Forge is an active public limited company based in New Delhi, Delhi, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 24 July 1986 (40+ years old) and is registered under CIN U27109DL1986PLC024925.

Eastman Cast and Forge has 7 current directors:

The latest financial statements of Eastman Cast and Forge on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Eastman Cast and Forge is 03AAACE0574E1Z9, registered in Punjab. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 04AAACE0574E1Z7 (Chandigarh), 08AAACE0574E1ZZ (Rajasthan), 29AAACE0574E1ZV (Karnataka).

The CIN (Corporate Identification Number) of Eastman Cast and Forge is U27109DL1986PLC024925. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Eastman Cast and Forge has 22 court cases on record: 17 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.

Eastman Cast and Forge was incorporated on 24 July 1986, making it 40+ years old. It is registered with the Registrar of Companies, Delhi.

Eastman Cast and Forge has 3 deals on record (3 secondary share transfers); the latest was in June 2022.

The peers of Eastman Cast and Forge by revenue are Sharp Chucks and Machines Limited, Birla Precision Technologies Limited, Proxima Steel Forge Private Limited, Yamazaki Mazak Machine Tools Private Limited, Samrat Forgings Limited, all in the Machinery and Equipment industry (Machine Tools), with the same principal business activity (metal and metal products).

Satish Kumar Vadehra ceased to be Director on 10 Apr 2023. Narinder Mohan was appointed as Whole-Time Director on 08 Dec 2018. Reema Jain ceased to be Director on 01 Dec 2018. Eastman Cast and Forge has 21 board changes on record in total.

Yes, Eastman Cast and Forge is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-12-0002265).

Eastman Cast and Forge has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 319 overdue payments to 51 micro and small suppliers. The latest return was filed on 24 Oct 2019.