H M Steels Limited
About H M Steels Limited
Data last updated:
H M Steels 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 22 June 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27106PB1999PLC022707. Its GSTIN is 02AABCH0164Q1ZO (Himachal Pradesh). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹19.19 Cr. It was formerly known as H M Steels Private Limited. It is led by directors including Pankaj Kumar Bansal (Whole-Time Director) and Ashok Singla Kumar.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Grain Marketdirba Distt Sangrur, Punjab, India – 148035.
As per the financials filed for FY 2025, the company reported a revenue of ₹539.3 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹3.64 Cr (net margin 0.7%) and EBITDA of ₹10.79 Cr (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 12% over five years.
The company has about 117 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹46.14 Cr and satisfied charges of ₹177.88 Cr on record. Court records list 79 cases involving the company, including 55 filed by the company and 24 filed against it; 22 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
H M Steels has one previous CIN (Corporate Identification Number): L27106PB1999PLC022707. The current CIN is U27106PB1999PLC022707, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27106PB1999PLC022707 | Current |
| L27106PB1999PLC022707 | Previous |
Contact details
H M Steels Limited's registered office is in Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGrain Marketdirba Distt Sangrur, Punjab, India – 148035
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of H M Steels 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 H M Steels 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 H M Steels Limited, buy the company report.
Financials of H M Steels Limited
FY 2025 filings availableH M Steels Limited reported revenue of ₹539.3 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 8% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹10.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.64 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of H M Steels Limited, buy the company report.
Board of directors and KMP of H M Steels Limited
H M Steels Limited currently reports 7 directors and 1 key managerial person. 11 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Kumar Bansal Also directs: PKL Infra LLP, Scrumy Food and Restaurants LLP, Seth Kapoori Mal Packaging and Allied Private Limited and 3 more | Whole-Time Director | 15 Oct 2004 | 22 Years 0 Months | Current |
| Ashok Singla Kumar Also directs: Goldfinch Realty LLP, Panchkula Tubes LLP | Director | 18 Sep 2003 | 23 Years 1 Months | Current |
| Surinder Kumar Jain Also directs: Trilokpur Power Private Limited, J.D Metalloys Limited, JB Alloy & Steel Private Limited and 2 more | Director | 01 Sep 2014 | 12 Years 1 Months | Current |
| Namarta Vashisht | Company Secretary | 01 Oct 2018 | 8 Years 0 Months | Current |
| Saroj | Director | 30 Jul 2019 | 7 Years 3 Months | Current |
| Megh Raj | Director | 01 Sep 2012 | 14 Years 1 Months | Current |
Peer comparison
H M Steels Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Pipes, 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 |
|---|---|---|---|---|---|---|
| S A L Steel Limited | ₹544.98 Cr (FY 2025) | -6.0% | Ahmedabad, Gujarat, India | |||
| Kairali Steels and Alloys Private Limited | ₹540.51 Cr (FY 2025) | 2.0% | Kozhikode, Kerala, India | |||
| Drolia Electrosteels Private Limited | ₹539.86 Cr (FY 2025) | -10.0% | Mumbai, Maharashtra, India | |||
| Regency Ispat Private Limited | ₹539.53 Cr (FY 2025) | -4.0% | Ulhasnagar, Maharashtra, India | |||
| H M Steels Limitedthis company | ₹539.3 Cr (FY 2025) | ₹3.64 Cr | 0.7% | -11.0% | 117 | Punjab, India |
| Vikrant Iron Private Limited | ₹537.59 Cr (FY 2024) | -2.0% | New Delhi, Delhi, India | |||
| Amman -Try Steels Private Limited | ₹536.88 Cr (FY 2024) | 46.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Adhunik Corporation Limited | ₹533.44 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| A One Steels India Private Limited | ₹532.16 Cr (FY 2023) | 1.0% | Bangalore, Karnataka, India |
To see the full peer comparison of H M Steels Limited, buy the company report.
Auditor
H M Steels Limited is audited by vibhor garg & co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| vibhor garg & co. | FY 2024 | 021960N |
Shareholding
The shareholding of H M Steels Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of H M Steels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2024 | 100964211 | Others | ₹98.75 Lakh | Open | |
| 20 Nov 2023 | 100828241 | Others | ₹38.21 Lakh | Open | |
| 06 Jul 2022 | 100595484 | Others | ₹9.24 Lakh | Open | |
| 29 Jan 2022 | 100533354 | Hdfc Bank Limited | ₹39 Lakh | Open | |
| 02 Nov 2021 | 100497873 | Others | ₹3.7 Cr | Open |
To see the full charge records of H M Steels Limited, buy the company report.
Total charge records: 26 View all charges
Legal cases
H M Steels Limited has 79 court cases on record: 55 filed by H M Steels, 24 filed against it. 22 cases are pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 52 | 10 | 20 |
| District courts | 25 | 13 | 2 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 79)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Himachal Pradesh | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| High Court of Himachal Pradesh | Writ petition | Filed by the company against Commissioner Central GST Shimla and Others | Pending |
| High Court, HIMACHAL PRADESH | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| High Court | Interim or miscellaneous application | Filed by the company against The Joint Commissioner of State Taxes and Excise(Not Applicable) | Pending |
| High Court, HIMACHAL PRADESH | Writ petition | Filed by the company against individuals | Pending |
To see the full case history of H M Steels 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
H M Steels Limited was last rated by Care on 01 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Apr 2022 |
To see the full credit ratings and regulatory alerts of H M Steels Limited, buy the company report.
MSME payment delays
H M Steels Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of H M Steels Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
H M Steels Limited has a workforce of 117 employees on its EPFO records as of Apr 11, 2025, across 1 active EPFO establishment.
GST
H M Steels has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AABCH0164Q1ZO | Himachal Pradesh | Active | 01 Jul 2017 |
| 02AABCH0164Q1DX | Himachal Pradesh | Active | 06 Nov 2024 |
To see the full GST registrations and return filing status of H M Steels Limited, buy the company report.
Recent activity
H M Steels Limited has 18 board changes on record since 2003: 8 appointments and 10 cessations. The latest: Saroj ceased to be Additional Director on 30 Sep 2019.
60 earlier events are in the company report.
Frequently asked questions
H M Steels 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 22 June 1999 (27+ years old) and is registered under CIN U27106PB1999PLC022707.
H M Steels has 8 current directors and KMP:
- Pankaj Kumar Bansal - Whole-Time Director
- Ashok Singla Kumar - Director
- Surinder Kumar Jain - Director
- Saroj - Director
- Megh Raj - Director
- Rajnish Bansal - Director
- Manish Jain - Director
- Namarta Vashisht - Company Secretary
The latest financial statements of H M Steels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of H M Steels is 02AABCH0164Q1ZO, registered in Himachal Pradesh. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 02AABCH0164Q1DX (Himachal Pradesh).
The CIN (Corporate Identification Number) of H M Steels is U27106PB1999PLC022707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
H M Steels has 79 court cases on record: 55 filed by the company and 24 filed against it. 22 are pending. Most are in the high courts.
H M Steels was incorporated on 22 June 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of H M Steels by revenue are S A L Steel Limited, Kairali Steels and Alloys Private Limited, Drolia Electrosteels Private Limited, Regency Ispat Private Limited, Vikrant Iron Private Limited and 3 more, all in the Metals and Minerals industry (Pipes, Steel), with the same principal business activity (metal and metal products).
Saroj ceased to be Additional Director on 30 Sep 2019. Saroj was appointed as Director on 30 Jul 2019. Rajnish Bansal ceased to be Whole-Time Director on 01 Apr 2019. H M Steels has 18 board changes on record in total.
H M Steels has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 6 micro and small suppliers. The latest return was filed on 08 Jun 2019.
The registered office of H M Steels is at Grain Marketdirba Distt Sangrur, Punjab, India – 148035.
H M Steels operates in the manufacturing industry, in the pipe and tubes segment.
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