About Fortune Metals Limited
Data last updated:
Fortune Metals Limited is a public limited company based in Punjab, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 01 November 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27100PB2004PLC027603. Its GSTIN is 03AAACF8508P1ZF (Punjab). The company holds 11 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹7.7 Cr and a paid-up capital of ₹7.19 Cr. It is led by directors including Deep Bansal (Managing Director) and Bhagwan Dass Bansal (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 Ferozepur Roadopp Circuit House Ludhiana, Punjab, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹915.49 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹9.29 Cr (net margin 1%) and EBITDA of ₹31.4 Cr (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 11% over five years.
The company has about 140 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹255.2 Cr and satisfied charges of ₹489.88 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fortunegroup.org.in.
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- Website
- Social MediaLocked
- Registered AddressFerozepur Roadopp Circuit House Ludhiana, Punjab, India
- IndustryManufacturing, Pipe & Tubes
- 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
- One PDF report, delivered after checkout
Financials of Fortune Metals Limited FY 2024 filings available
Fortune Metals Limited reported revenue of ₹915.49 Cr (up 24% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Fortune Metals Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 24% growth in the latest year. EBITDA rose 6% 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 Fortune Metals Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹915.49 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹31.4 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.29 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 Fortune Metals Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 Fortune Metals are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Fortune Metals Limited
Fortune Metals Limited is audited by Romesh K Aggarwal & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Romesh K Aggarwal & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Fortune Metals Limited
Fortune Metals has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhagwan Dass Bansal Also directs: Fortune Green Steel Limited, Fortune Metaliks Limited, Fortune Steel and Wire Limited and 2 more | Whole-Time Director | 01 Nov 2004 | 21 Years 11 Months | Current |
| Harpal Singh Also directs: Fortune Green Steel Limited, DNS Industries Private Limited | Director | 17 Sep 2022 | 4 Years 0 Months | Current |
| Satish Kumar Nagpal Also directs: Bajaj Hindusthan Sugar Limited | Nominee Director | 17 Sep 2022 | 4 Years 0 Months | Current |
| Deep Bansal Also directs: Fortune Green Steel Limited, Fortune Metaliks Limited, Fortune Steel and Wire Limited and 3 more | Managing Director | 01 Nov 2004 | 21 Years 11 Months | Current |
| Saurabh Bansal Also directs: Fortune Green Steel Limited, Fortune Metaliks Limited, Fortune Steel and Wire Limited and 2 more | Director | 02 Feb 2016 | 10 Years 8 Months | Current |
Ownership and Shareholding of Fortune Metals Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Fortune Metals Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jul 2025 | Hdfc Bank Limited | ₹2.69 Cr | Open |
| 20 Jan 2025 | Sbicap Trustee Company Limited | ₹20 Cr | Open |
| 05 Mar 2024 | Others | ₹6.36 Cr | Open |
| 26 Jul 2023 | Others | ₹20 Cr | Open |
| 04 Feb 2022 | Sbicap Trustee Company Limited | ₹100 Cr | Open |
Total charge records: 28 View all charges
Employees and EPFO Compliance at Fortune Metals Limited
Fortune Metals Limited has a workforce of 140 employees as of Nov 15, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Fortune Metals Limited
Fortune Metals has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
CIN History of Fortune Metals Limited
Fortune Metals has one previous CIN (Corporate Identification Number): L27100PB2004PLC027603. The current CIN is U27100PB2004PLC027603, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100PB2004PLC027603 | Current |
| L27100PB2004PLC027603 | Previous |
Recent Activity on Fortune Metals Limited
Credit Ratings, Litigation & Regulatory Alerts for Fortune Metals Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Fortune Metals Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Fortune Metals Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Fortune Metals Limited
Fortune Metals has 11 GST registrations: 4 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACF8508P1ZF | Punjab | Active | 01 Jul 2017 |
| 03AAACF8508P2ZE | Punjab | Active | 20 Jul 2020 |
| 03AAACF8508P1DO | Punjab | Active | 05 Nov 2024 |
| 22AAACF8508P1ZF | Chattisgarh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Fortune Metals Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Fortune Metals Limited
Fortune Metals is an active public limited company based in Punjab, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 01 November 2004 (22+ years old) and is registered under CIN U27100PB2004PLC027603.
Fortune Metals reported revenue of ₹915.49 Cr for FY 2023 (up 24% YoY).
Fortune Metals has 5 current directors:
- Deep Bansal - Managing Director
- Bhagwan Dass Bansal - Whole-Time Director
- Harpal Singh - Director
- Satish Kumar Nagpal - Nominee Director
- Saurabh Bansal - Director
Fortune Metals reported a net profit of ₹9.29 Cr (net margin 1%) and EBITDA of ₹31.4 Cr (EBITDA margin 3.4%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fortune Metals is 37% over three years and 11% over five years. In the latest year (FY 2023) revenue rose 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Fortune Metals is 03AAACF8508P1ZF, registered in Punjab. The company has 11 GST registrations in all, of which 4 are active and 7 are cancelled or inactive. Other active GSTINs include 03AAACF8508P2ZE (Punjab), 03AAACF8508P1DO (Punjab), 22AAACF8508P1ZF (Chattisgarh).
The CIN (Corporate Identification Number) of Fortune Metals is U27100PB2004PLC027603. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortune Metals was incorporated on 01 November 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chandigarh.
Fortune Metals can be reached through the website fortunegroup.org.in. Its registered office is in Punjab, India.