About Evonith Value Steel Limited
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Evonith Value Steel Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Wardha Steel Holdings Pte Ltd. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 27 April 1970 and has been in existence for over 56 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH1970PLC014621. Its GSTIN is 27AAACL6670Q1ZU (Maharashtra). The company holds 9 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹42.11 Cr. It was formerly known as Lloyds Steel Industries Private Limited and Lloyds Steel Industries Limited. It is led by directors including Anil Kumar Bangur (Whole-Time Director) and Mamta Binani.
Its last annual general meeting (AGM) was held on 04 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,990.33 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹209.64 Cr (net margin -5.3%) and EBITDA of -₹29.5 Cr (EBITDA margin -0.7%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 14% over five years.
The company has about 932 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2,130 Cr and satisfied charges of ₹8,834.46 Cr on record. Court records list 167 cases involving the company, including 92 filed by the company and 75 filed against it; 20 cases are pending. The company has 40 deals on record (26 market trades, 12 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹1,606.96 Cr; the latest was in July 2021. Its 7 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 2 smaller; the largest is Steel Strips Wheels Ltd with revenue of ₹4,370.75 Cr. The company has 18 MSME Form 1 returns on record between 2017 and 2024, listing 798 overdue payments to 193 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website evonith.com.
Company details
Name history
Evonith Value Steel has undergone 4 name changes throughout its history. The current legal name is Evonith Value Steel Limited.
| Company Name | Status |
|---|---|
| Evonith Value Steel Limited | Current |
| Lloyds Steel Industries Private Limited | Previous |
| Lloyds Steel Industries Limited | Previous |
| Gupta Tubes And Pipes Private Limited | Previous |
| Gupta Tubes & Pipes Private Limited | Previous |
CIN history
Evonith Value Steel has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27100MH1970PLC014621, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100MH1970PLC014621 | Current |
| U27100MH2004PTC014621 | Previous |
| L27100MH1970PLC014621 | Previous |
Contact details
Evonith Value Steel Limited's registered office is in Mumbai, Maharashtra. Its website is evonith.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address706 To 710 Balarama Building Bandra Kurla Complex Road E Block BKC Bandra (East, ), Mumbai, Maharashtra, India – 400051
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Evonith Value Steel 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 Evonith Value Steel is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Evonith Value Steel Limited, buy the company report.
Financials of Evonith Value Steel Limited
FY 2025 filings availableEvonith Value Steel Limited reported revenue of ₹3,990.33 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹29.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹209.64 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.7% | ||||
| Net Profit Margin | -5.3% | ||||
| 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 Evonith Value Steel Limited, buy the company report.
Board of directors of Evonith Value Steel Limited
Evonith Value Steel has 7 current directors and 37 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mamta Binani Also directs: VKC Restructuring Professionals LLP, Consultepreneurs LLP, Balrampur Chini Mills Ltd and 5 more | Director | 19 Mar 2021 | 5 Years 7 Months | Current |
| Jai Saraf Krishna | Director | 29 Dec 2020 | 5 Years 9 Months | Current |
| Partha Sengupta Also directs: Evonith Metallics Limited, CBS Management Services LLP, CBS Steel and Wires LLP and 2 more | Director | 29 Dec 2020 | 5 Years 9 Months | Current |
| Anil Kumar Bangur Also directs: Evonith Metallics Limited | Whole-Time Director | 29 Dec 2020 | 5 Years 9 Months | Current |
| Anjani Kumar Agrawal | Director | 29 Dec 2020 | 5 Years 9 Months | Current |
| Nipun Gupta Jain | Director | 27 Apr 2023 | 3 Years 5 Months | Current |
Peer comparison
Evonith Value Steel Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Steel), 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 |
|---|---|---|---|---|---|---|
| Steel Strips Wheels Ltd | ₹4,370.75 Cr (FY 2024) | 8.0% | Punjab, India | |||
| Tata Bluescope Steel Private Limited | ₹4,268.87 Cr (FY 2025) | 0.0% | Pune, Maharashtra, India | |||
| TT Steel Service India Private Limited | ₹4,163.55 Cr (FY 2025) | -4.0% | Ramanagara, Karnataka, India | |||
| Prakash Industries Limited | ₹4,039.82 Cr (FY 2025) | 8.0% | Haryana, India | |||
| The Tinplate Company of India Ltd | ₹4,014.41 Cr (FY 2023) | -6.0% | Kolkata, West Bengal, India | |||
| Evonith Value Steel Limitedthis company | ₹3,990.33 Cr (FY 2025) | -₹209.64 Cr | -5.3% | -10.0% | 932 | Mumbai, Maharashtra, India |
| Jamshedpur Continuous Annealing & Processing Company Private Limited | ₹3,872.55 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Concast Steel & Power Limited | ₹3,724.27 Cr (FY 2017) | -38.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Evonith Value Steel Limited, buy the company report.
Auditor
Evonith Value Steel Limited is audited by S R B C & CO LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2025 | 324982E/E300003 |
Shareholding
The shareholding of Evonith Value Steel Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Evonith Value Steel Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101153122 | Others | ₹90 Cr | Open | |
| 30 Jun 2025 | 101120164 | Others | ₹100 Cr | Open | |
| 30 Jun 2025 | 101129133 | Others | ₹50 Cr | Open | |
| 05 Feb 2025 | 101055110 | Others | ₹100 Cr | Open | |
| 28 Sep 2024 | 100992411 | Others | ₹977 Cr | Open |
To see the full charge records of Evonith Value Steel Limited, buy the company report.
Total charge records: 191 View all charges
Deals & funding
Evonith Value Steel Limited has 40 deals on record (26 market trades, 12 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹1,606.96 Cr; the latest was in July 2021.
Deals on record (5 of 40)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2020 | Market trade | ₹2.1 Cr | Buyer: Topgain Finance Private Limited Seller: Topgain Finance Private Limited , an individual |
| Oct 2018 | Market trade | ₹76 Lakh | Seller: Lloyds Enterprises Limited |
| Sep 2018 | Market trade | ₹70.5 Lakh | Seller: Lloyds Enterprises Limited |
| Aug 2018 | Market trade | ₹36.2 Lakh | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
| Aug 2018 | Market trade | ₹39.6 Lakh | Seller: Lloyds Enterprises Limited |
To see the full deal history of Evonith Value Steel Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Evonith Value Steel Limited has 167 court cases on record: 92 filed by Evonith Value Steel, 75 filed against it. 20 cases are pending and 147 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 99 | 40 | 6 |
| District courts | 60 | 32 | 14 |
| Supreme Court | 8 | 3 | 0 |
Cases on record (5 of 167)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Indian Oil Corporation Limited. | Pending |
| Bombay High Court | Court case (CHS) | Filed against the company by Transparent Energy Systems Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Oil India Limited | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Oil and Natural Gas Corporation Ltd. | Disposed |
| Bombay High Court | Court case (CHS) | Filed by the company against Parishram Properties Pvt. Ltd. and 1 other | Disposed |
To see the full case history of Evonith Value Steel 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
Evonith Value Steel Limited was last rated by Care on 30 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Nov 2021 |
To see the full credit ratings and regulatory alerts of Evonith Value Steel Limited, buy the company report.
MSME payment delays
Evonith Value Steel Limited has 18 MSME Form 1 returns on record between 2017 and 2024, listing 798 overdue payments to 193 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 193)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Swastik Chemical Lime Industri | |||
| Shree Minerals & Metals | |||
| Sensors & Systems Industrial Solutions Private Limited | |||
| Adithyapower Refractories and Insulation Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Evonith Value Steel Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Evonith Value Steel has 1 associated company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
Employees & EPFO
Evonith Value Steel Limited has a workforce of 932 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
GST
Evonith Value Steel has 9 GST registrations: 2 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACL6670Q1ZU | Maharashtra | Active | 01 Jul 2017 |
| 27AAACL6670Q1D3 | Maharashtra | Active | 08 Nov 2024 |
To see the full GST registrations and return filing status of Evonith Value Steel Limited, buy the company report.
Recent activity
Evonith Value Steel Limited has 42 board changes on record since 2008: 7 appointments and 35 cessations. The latest: Rajib Ranjan Guha ceased to be Additional Director on 03 Aug 2025.
471 earlier events are in the company report.
News
Frequently asked questions
Evonith Value Steel is an active public limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 27 April 1970 (56+ years old) and is registered under CIN U27100MH1970PLC014621.
Evonith Value Steel has 7 current directors:
- Anil Kumar Bangur - Whole-Time Director
- Mamta Binani - Director
- Jai Saraf Krishna - Director
- Partha Sengupta - Director
- Anjani Kumar Agrawal - Director
- Nipun Gupta Jain - Director
- Rajib Ranjan Guha - Director
The latest financial statements of Evonith Value Steel on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Evonith Value Steel is 27AAACL6670Q1ZU, registered in Maharashtra. The company has 9 GST registrations in all, of which 2 are active and 7 are cancelled or inactive. Other active GSTINs include 27AAACL6670Q1D3 (Maharashtra).
The CIN (Corporate Identification Number) of Evonith Value Steel is U27100MH1970PLC014621. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evonith Value Steel has 167 court cases on record: 92 filed by the company and 75 filed against it. 20 are pending. Most are in the high courts.
Evonith Value Steel was incorporated on 27 April 1970, making it 56+ years old. It is registered with the Registrar of Companies, Mumbai.
Evonith Value Steel has 40 deals on record (26 market trades, 12 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹1,606.96 Cr; the latest was in July 2021.
The peers of Evonith Value Steel by revenue are Steel Strips Wheels Ltd, Tata Bluescope Steel Private Limited, TT Steel Service India Private Limited, Prakash Industries Limited, The Tinplate Company of India Ltd and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Rajib Ranjan Guha ceased to be Additional Director on 03 Aug 2025. Rajib Ranjan Guha was appointed as Director on 16 Apr 2025. Rajendra Prasad Gupta ceased to be CFO on 31 Jan 2024. Evonith Value Steel has 42 board changes on record in total.
Evonith Value Steel has 18 MSME Form 1 returns on record between 2017 and 2024, listing 798 overdue payments to 193 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Evonith Value Steel can be reached through the website evonith.com. Its registered office is in Mumbai, Maharashtra, India.