G S Radiators Limited

G S Radiators Limited - machinery and equipment in Ludhiana, Punjab, India. FY 2026 financials & compliance.
CIN U45202PB1988PLC008762 Incorporated 17 October 1988 ROC Chandigarh HQ Ludhiana, Punjab, India
Active Public Limited Company machinery and equipment MSME · Small
Data last updated
Revenue · FY 2023
₹14.26 Cr
▲ 7% YoY
Net loss · FY 2023
₹5.34 Lakh
Net margin -0.4%
EBITDA · FY 2023
₹1.61 Cr
EBITDA margin 11.3%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹4.1 Cr
Issued & subscribed
Open charges
₹16.15 Cr
Satisfied ₹27.42 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
32
Provident fund records

About G S Radiators Limited

Data last updated:

G S Radiators Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 17 October 1988 and has been in existence for over 38 years.

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U45202PB1988PLC008762. Its GSTIN is 03AAACG6089J1ZI (Punjab).

The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹4.1 Cr. It is led by directors including Ranjodh Singh Ryait (Managing Director) and Rajinder Kaur Ryait (Whole-Time Director).

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 G S Estateg T Road Ludhiana, Punjab, India – 141003.

As per the financials filed for FY 2023, the company reported a revenue of ₹14.26 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹5.34 Lakh (net margin -0.4%) and EBITDA of ₹1.61 Cr (EBITDA margin 11.3%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 10% over five years.

The company has about 32 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹16.15 Cr and satisfied charges of ₹27.42 Cr on record. Court records list 55 cases involving the company, including 12 filed by the company and 43 filed against it; 12 cases are pending.

G S Radiators Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0029173). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gstgroup.in.

Company details

CIN U45202PB1988PLC008762
Registration Number 008762
Incorporation Date 17 October 1988
ROC Chandigarh
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 Small
Udyam Registration UDYAM-PB-12-0029173

CIN history

G S Radiators has one previous CIN (Corporate Identification Number): L45202PB1988PLC008762. The current CIN is U45202PB1988PLC008762, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U45202PB1988PLC008762Current
L45202PB1988PLC008762Previous
Key People
Ranjodh Singh Ryait Managing Director Rajinder Kaur Ryait Whole-Time Director Mohinder Singh Director

Recognitions & Rankings of G S Radiators

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-PB-12-0029173

Contact details

G S Radiators Limited's registered office is in Ludhiana, Punjab. Its website is gstgroup.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    gstgroup.in
  • Registered Address
    G S Estateg T Road Ludhiana, Punjab, India – 141003
  • Industry
    Machinery and Equipment, Industrial Machinery Manufacturing

To see the full contact details of G S Radiators Limited, buy the company report.

Comprehensive company report
G S Radiators Limited - 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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Business activity

The main business activity of G S Radiators is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of G S Radiators Limited, buy the company report.

Financials of G S Radiators Limited

FY 2025 filings available

G S Radiators Limited reported revenue of ₹14.26 Cr (up 7% YoY) for FY 2023.

Revenue · FY 2023
₹14.26 Cr ▲ 7%
Net loss · FY 2023
₹5.34 Lakh margin -0.4%
EBITDA · FY 2023
₹1.61 Cr margin 11.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 14%
5 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 233%
5 years · compounded
▼ 6%

Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA fell 2% 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 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹14.26 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹1.61 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹5.34 Lakh
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 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin11.3%
Net Profit Margin-0.4%
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 G S Radiators Limited, buy the company report.

Board of directors of G S Radiators Limited

G S Radiators has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mohinder SinghDirector23 May 20197 Years 5 MonthsCurrent
Ranjodh Singh Ryait
Also directs: Eastman Cast and Forge Ltd, GS Engitech Private Limited, Eastman Industries Limited
Managing Director01 Jan 201412 Years 9 MonthsCurrent
Rajinder Kaur Ryait
Also directs: GS Engitech Private Limited
Whole-Time Director15 May 200917 Years 5 MonthsCurrent
View all directors

Auditor

G S Radiators Limited is audited by KRISHAN K MITTAL& CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
KRISHAN K MITTAL& CO.FY 2023001219N

Shareholding

The shareholding of G S Radiators Limited 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 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of G S Radiators Limited, buy the company report.

Charges & borrowings

Open charges
₹16.15 Cr
Satisfied charges
₹27.42 Cr
Breakdown by lending institutions
State Bank of India₹13.80 Cr
State Bank of Patiala₹1.70 Cr
The Punjab State Industrial Development Corp. Ltd₹0.65 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 Nov 201410554070State Bank of Patiala₹1.7 CrOpen
21 Dec 200490183375State Bank of India₹13.8 CrOpen
28 Nov 199090177228The Punjab State Industrial Development Corp. Ltd₹65 LakhOpen
21 Mar 201410485935Small Industries Development Bank of India₹60 LakhSatisfied
27 Apr 201310427606State Bank of Patiala₹1.7 CrSatisfied

To see the full charge records of G S Radiators Limited, buy the company report.

Total charge records: 25 View all charges

Credit ratings & regulatory alerts

G S Radiators Limited was last rated by Care on 04 Jul 2022.

Rating agencyRated onRating
Care04 Jul 2022

To see the full credit ratings and regulatory alerts of G S Radiators Limited, buy the company report.

MSME payment delays

G S Radiators Limited has 3 MSME Form 1 returns on record between 2019 and 2021, listing 13 overdue payments to 8 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 8)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
Maharani Innovative Paints Private Limited
an individual supplier

To see the full MSME payment records of G S Radiators Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

G S Radiators Limited has a workforce of 32 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
32
Active EPFO establishments
1
Employee growth
-30.43%

GST

G S Radiators has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
03AAACG6089J1ZIPunjabActive01 Jul 2017

To see the full GST registrations and return filing status of G S Radiators Limited, buy the company report.

Recent activity

G S Radiators Limited has 10 board changes on record since 2001: 3 appointments and 7 cessations. The latest: Mohinder Singh ceased to be Additional Director on 30 Sep 2019.

AGM
G S Radiators Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
G S Radiators Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge registered on 24 Aug 2000 via Charge ID 90182755 with State Bank Of Patiala was fully satisfied on 17 Mar 2021.
Charges
A charge registered on 06 Jul 1998 via Charge ID 90182454 with State Bank Of Patiala was fully satisfied on 17 Mar 2021.
Charges
A charge registered on 01 Dec 1997 via Charge ID 90182362 with State Bank Of Patiala was fully satisfied on 17 Mar 2021.
Charges
A charge registered on 25 Mar 1996 via Charge ID 90182160 with State Bank Of Patiala was fully satisfied on 17 Mar 2021.
Charges
A charge registered on 12 Sep 1991 via Charge ID 90181683 with State Bank Of Patiala was fully satisfied on 17 Mar 2021.
Charges
A charge registered on 27 Apr 2013 via Charge ID 10427606 with State Bank Of Patiala was fully satisfied on 27 Aug 2020.
Charges
A charge registered on 27 Apr 2013 via Charge ID 10427752 with State Bank Of Patiala was fully satisfied on 27 Aug 2020.
Charges
A charge registered on 03 Feb 2009 via Charge ID 10142461 with State Bank Of Patiala was fully satisfied on 27 Aug 2020.
Charges
A charge registered on 26 Nov 2007 via Charge ID 10080662 with State Bank Of Patiala was fully satisfied on 27 Aug 2020.
Charges
A charge registered on 28 Mar 2007 via Charge ID 10050716 with State Bank Of Patiala was fully satisfied on 27 Aug 2020.

57 earlier events are in the company report.

Frequently asked questions

G S Radiators is an active public limited company based in Ludhiana, Punjab, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 17 October 1988 (38+ years old) and is registered under CIN U45202PB1988PLC008762.

G S Radiators has 3 current directors:

The latest financial statements of G S Radiators on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of G S Radiators is 03AAACG6089J1ZI, registered in Punjab.

The CIN (Corporate Identification Number) of G S Radiators is U45202PB1988PLC008762. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

G S Radiators has 55 court cases on record: 12 filed by the company and 43 filed against it. 12 are pending. Most are in the district courts.

G S Radiators was incorporated on 17 October 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chandigarh.

Mohinder Singh ceased to be Additional Director on 30 Sep 2019. Mohinder Singh was appointed as Director on 23 May 2019. Prithipal Singh ceased to be Director on 16 May 2019. G S Radiators has 10 board changes on record in total.

Yes, G S Radiators is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0029173).

G S Radiators has 3 MSME Form 1 returns on record between 2019 and 2021, listing 13 overdue payments to 8 micro and small suppliers. The latest return was filed on 13 May 2021.

G S Radiators can be reached through the website gstgroup.in. Its registered office is in Ludhiana, Punjab, India.