About Hasaud Steel Limited
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Hasaud Steel Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Jsw Steel Coated Products Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 13 February 2018.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27209MH2018PLC305033. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹20 Cr and a paid-up capital of ₹1.33 Cr. It was led by directors including Sharad Mahendra and Chandrasekaran Prabhakaran.
Its last annual general meeting (AGM) was held on 13 July 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Grand Palladium 6th Floor 175 Cst Road Santacruz East, Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2022, the company reported a revenue of ₹106.02 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹7.92 Cr (net margin -7.5%) and EBITDA of ₹33.92 Cr (EBITDA margin 32%).
The company has 6 deals on record (4 rights issues, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹650 Cr; the latest was in April 2021.
The last known website on record is jsw.in.
Company details
Contact details
Hasaud Steel Limited's registered office is in Mumbai, Maharashtra. Its website is jsw.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGrand Palladium 6th Floor 175 Cst Road Santacruz East, Mumbai, Maharashtra, India – 400098
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Hasaud 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 Hasaud Steel is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Hasaud Steel Limited, buy the company report.
Financials of Hasaud Steel Limited
FY 2022 filings availableHasaud Steel Limited reported revenue of ₹106.02 Cr (up 18179% YoY) for FY 2022.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹106.02 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹33.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.92 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 | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32% | ||||
| Net Profit Margin | -7.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Hasaud Steel Limited, buy the company report.
Board of directors of Hasaud Steel Limited
Hasaud Steel has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sharad Mahendra Also directs: JSW Ip Holdings Private Limited, JSW Energy Limited, Barmer Lignite Mining Company Limited and 5 more | Director | 05 Aug 2020 | 6 Years 2 Months | As last reported |
| Chandrasekaran Prabhakaran Also directs: JSW Global Business Solutions Limited, JSW Neo Energy Limited, Neotrex Steel Limited and 1 more | Director | 05 Aug 2020 | 6 Years 2 Months | As last reported |
| Vinay Shroff | Director | 05 Aug 2020 | 6 Years 2 Months | As last reported |
Auditor
Hasaud Steel Limited is audited by SHAH GUPTA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH GUPTA & CO | FY 2022 | 109574W |
Shareholding
The shareholding of Hasaud Steel Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Hasaud Steel Limited, buy the company report.
Deals & funding
Hasaud Steel Limited has 6 deals on record (4 rights issues, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹650 Cr; the latest was in April 2021.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Rights issue | ₹1 Cr | Investors: JSW Steel Coated Products Limited |
| Jan 2021 | Rights issue | ₹10 Lakh | Investors: JSW Steel Coated Products Limited |
| Sep 2020 | Rights issue | ₹1 Lakh | Investors: JSW Steel Coated Products Limited |
| Jan 2020 | Rights issue | ₹20.8 Lakh | Investors: JSW Steel Coated Products Limited |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: JSW Steel Coated Products Limited , JSW Steel Coated Products Limited & Rajeev Jain, JSW Steel Coated Products Limited & Sriram K S N Seller: JSW Steel Limited , JSW Steel Limited & Ashok Kumar Aggarwal, JSW Steel Limited & Sanjay Jayram |
To see the full deal history of Hasaud 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
No court or tribunal cases involving Hasaud Steel Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hasaud Steel Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hasaud Steel has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Hasaud Steel Limited, buy the company report.
Recent activity
Hasaud Steel Limited has 9 board changes on record since 2020: 3 appointments and 6 cessations. The latest: Chandrasekaran Prabhakaran ceased to be Additional Director on 14 Jul 2021.
Frequently asked questions
Hasaud Steel has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Hasaud Steel was a public limited company based in Mumbai, Maharashtra, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 13 February 2018 and is registered under CIN U27209MH2018PLC305033. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Hasaud Steel was incorporated on 13 February 2018. It is registered with the Registrar of Companies, Mumbai.
Hasaud Steel had 3 directors:
- Sharad Mahendra - Director
- Chandrasekaran Prabhakaran - Director
- Vinay Shroff - Director
The CIN (Corporate Identification Number) of Hasaud Steel is U27209MH2018PLC305033. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Hasaud Steel is at Grand Palladium 6th Floor 175 Cst Road Santacruz East, Mumbai, Maharashtra, India – 400098.
Hasaud Steel can be reached through the website jsw.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Hasaud Steel on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 13 July 2022. Year-wise statements from FY 2018 are in the company report.
No. Hasaud Steel has 1 GST registration on record and it is cancelled or inactive.
Hasaud Steel operated in the metals and minerals industry, in the steel manufacturing and processing segment.