Hercules Investments Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L66309MH1962PLC012385 Incorporated 15 June 1962 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 505720 Delisted from NSE on 09 Jan 2026 · voluntary delisting Public Limited Company machinery and equipment MSME · Medium
Data last updated
Market Cap
₹347 Cr
HERCULES · BSE
Share Price
₹106.90
-1.47% today
Revenue
₹180 Cr
FY 2023-24 · +19.1% YoY
EBITDA
₹29.11 Cr
Margin 16.2%
Net Profit
₹35.97 Cr
FY 2023-24 · +39.7% YoY
P/E (TTM)
11.3x
P/B 0.4x
ROE
4.3%
ROCE 5.7%
Debt / Equity
0.01
Interest cover 2.2x

About Hercules Investments Limited

Data last updated:

Hercules Investments Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 15 June 1962 and has been in existence for over 64 years.

Its director Shekhar Bajaj and family are #124 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L66309MH1962PLC012385. Its GSTIN is 27AAACH2706D1Z4 (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 505720. Its shares were delisted from NSE on 09 Jan 2026 · voluntary delisting.

The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.2 Cr. It was formerly known as Hercules Hoists Limited. It is led by directors including Hariprasad Anandkishore Nevatia (Whole-Time Director) and Neelima Aditya Bajaj Swamy.

Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bajaj Bhawan 2nd Floor 226 Jamnalal Bajaj Marg Nariman Point, Mumbai, Maharashtra, India – 400021.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹8.94 Cr, a growth of 45.4% compared to the previous year. For the same year it recorded a net profit of ₹7.72 Cr (net margin 86.4%) and EBITDA of ₹8.03 Cr (EBITDA margin 89.8%). The net worth stands at ₹691.57 Cr (down 18.3% YoY). Total assets are valued at ₹691.71 Cr (down 18.3% YoY).

The company has about 182 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Bajaj Indef. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹72.83 Cr on record. Court records list 59 cases involving the company, including 23 filed by the company and 36 filed against it; 5 cases are pending. The company has 23 deals on record (23 market trades); the latest was in November 2022. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 648 overdue payments to 92 micro and small suppliers.

Hercules Investments Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-27-0001271). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indef.com.

Company details

CIN L66309MH1962PLC012385
Registration Number 012385
Incorporation Date 15 June 1962
ROC Mumbai
Listing Status Listed - Listed on BSE (505720); Delisted from NSE on 09 Jan 2026 · voluntary delisting
Company Status Active
Date of Last AGM 12 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-27-0001271

CIN history

Hercules Investments has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L66309MH1962PLC012385, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L66309MH1962PLC012385Current
L55200MH1962PLC012385Previous
L45400MH1962PLC012385Previous

Recognitions & Rankings of Hercules Investments

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-27-0001271
India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

Hercules Investments Limited's registered office is in Mumbai, Maharashtra.

  • Social Media
  • Registered Address
    Bajaj Bhawan 2nd Floor 226 Jamnalal Bajaj Marg Nariman Point, Mumbai, Maharashtra, India – 400021
  • Industry
    Machinery and Equipment, Material Handling & Storage Equipment
Comprehensive company report
Hercules Investments 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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Brands

Hercules Investments operates one associated brand: Bajaj Indef. Each brand links to its own profile.

BrandDescriptionWebsite
Insights and engineering services are provided to various clients.indef.com

Business activity

The main business activity of Hercules Investments is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Hercules Investments Limited, buy the company report.

Financials of Hercules Investments Limited

FY 2025-26 filings available

Hercules Investments Limited reported revenue of ₹8.94 Cr (up 45.4% YoY) for FY 2025-26.

Financial Highlights

FY 2023-24 · Consolidated
Revenue
₹180 Cr
+19.1% YoY
EBITDA
₹29.11 Cr
+125.0% YoY
Profit After Tax
₹35.97 Cr
+39.7% YoY
Net Worth
₹948 Cr
+34.1% YoY
Total Assets
₹954 Cr
+33.6% YoY
Total Debt
₹5.42 Cr
-19.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2023-24FY 2022-23
Income statement
Revenue180151
Revenue growth+19.1%-
EBITDA29.1112.94
EBITDA margin+16.2%+8.6%
Profit before tax46.63116
Net profit35.9725.74
Net profit margin+20.0%+17.1%
EPS (₹)11.2432.28
Balance sheet
Total assets954714
Net worth948707
Total debt5.426.75
Cash & bank12.5816.02
Net working capital35.8645.73
Cash flow
Cash from operations28.3511.68
Cash from investing(21.91)(0.51)
Cash from financing(9.88)(9.18)
ParticularsJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022
Revenue38.1457.3039.9441.2441.0547.4735.71
Revenue growth (YoY)-7.1%+20.7%+11.9%----
Other income3.813.988.466.763.1990.376.74
EBITDA5.6313.316.035.234.544.265.11
EBITDA margin+14.8%+23.2%+15.1%+12.7%+11.1%+9.0%+14.3%
Depreciation1.191.101.081.091.060.971.01
Interest0.120.130.130.140.150.160.16
Profit before tax8.1316.0613.2810.766.5293.5010.68
Tax2.204.212.901.851.728.561.82
Net profit5.9311.8510.388.914.8084.948.86
EPS (₹)1.863.703.242.791.5026.552.77
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue8.946.150.0015110878.3783.00
Revenue growth+45.4%--100.0%+39.0%+38.4%-5.6%-
EBITDA8.035.670.0012.944.963.944.61
EBITDA margin+89.8%+92.2%-+8.6%+4.6%+5.0%+5.6%
Profit before tax8.035.679.1111618.469.5415.99
Net profit7.725.598.8325.7416.507.9213.00
Net profit margin+86.4%+90.9%-+17.1%+15.2%+10.1%+15.7%
EPS (₹)2.411.742.7632.284.672.434.06
Balance sheet
Total assets692846729714620495338
Net worth692846729707619494337
Total debt0.000.000.006.750.070.140.00
Cash & bank0.030.790.0016.0214.924.763.60
Net working capital1.351.1918.5645.7447.8254.3279.37
Cash flow
Cash from operations(1.10)7.59(1.11)11.6814.1015.5410.22
Cash from investing0.346.019.11(0.52)3.36(8.57)(6.70)
Cash from financing0.00(12.80)(8.00)(9.18)(7.20)(5.76)(5.79)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.420.292.960.000.170.160.000.00
Revenue growth (YoY)+147.1%+81.3%------
Other income0.000.030.005.490.000.002.842.88
Total expenses0.220.300.230.240.130.160.100.22
EBITDA0.20(0.01)2.73(0.24)0.040.00(0.10)(0.22)
EBITDA margin+47.6%-3.4%+92.2%-+23.5%0.0%--
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.200.022.735.250.040.002.742.66
Tax0.090.110.120.050.050.000.010.01

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022
Revenue38.1457.3039.9441.2441.0547.4735.71
Revenue growth (YoY)-7.1%+20.7%+11.9%----
Other income3.813.988.466.763.1990.376.74
EBITDA5.6313.316.035.234.544.265.11
EBITDA margin+14.8%+23.2%+15.1%+12.7%+11.1%+9.0%+14.3%
Depreciation1.191.101.081.091.060.971.01
Interest0.120.130.130.140.150.160.16
Profit before tax8.1316.0613.2810.766.5293.5010.68
Tax2.204.212.901.851.728.561.82
Net profit5.9311.8510.388.914.8084.948.86
EPS (₹)1.863.703.242.791.5026.552.77
ParticularsFY 2023-24FY 2022-23
Revenue180151
Revenue growth+19.1%-
Other income22.40108
Total expenses150138
Employee cost23.1519.92
EBITDA29.1112.94
EBITDA margin+16.2%+8.6%
Depreciation4.333.96
Interest0.550.55
Profit before tax46.63116
Tax10.6612.81
Net profit35.9725.74
Net profit margin+20.0%+17.1%
EPS (₹)11.2432.28
ParticularsFY 2023-24FY 2022-23
Equity & liabilities
Share capital3.203.20
Reserves & surplus945703
Shareholders' funds (net worth)948707
Minority interest0.000.00
Secured loans0.000.00
Unsecured loans5.426.75
Total debt5.426.75
Total liabilities954714
Assets
Gross block48.7348.09
Net block33.7935.72
Capital work in progress0.030.00
Investments944662
Inventories22.5629.02
Sundry debtors19.4711.00
Cash & bank balances12.5816.02
Loans & advances16.1517.80
Total current assets70.7673.84
Total current liabilities34.9028.11
Net working capital35.8645.73
Total assets954714
ParticularsFY 2023-24FY 2022-23
Opening cash15.8113.82
Net cash from operating activities28.3511.68
Net cash from investing activities(21.91)(0.51)
Net cash from financing activities(9.88)(9.18)
Net change in cash(3.44)1.99
Closing cash12.5816.02
ParticularsFY 2023-24FY 2022-23
Growth
Sales growth+19.1%-
EBITDA growth+125.0%-
PBT growth-59.8%+9997.0%
Net income growth+39.7%-
Profitability & leverage
Net income margin+20.0%+68.5%
Return on capital employed+5.7%+4.3%
Return on net worth+4.4%+3.6%
Debt / equity0.010.01
Long-term debt / equity0.010.01
Interest cover2.226.12
Efficiency & per share
Fixed asset turnover3.713.14
Inventory turnover6.965.20
Debtors turnover11.7813.71
EPS (₹)11.2432.28
Dividend per share (₹)4.003.00
Book value per share (₹)296.21220.83
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.420.292.960.000.170.160.000.00
Revenue growth (YoY)+147.1%+81.3%------
Other income0.000.030.005.490.000.002.842.88
Total expenses0.220.300.230.240.130.160.100.22
EBITDA0.20(0.01)2.73(0.24)0.040.00(0.10)(0.22)
EBITDA margin+47.6%-3.4%+92.2%-+23.5%0.0%--
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.200.022.735.250.040.002.742.66
Tax0.090.110.120.050.050.000.010.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8.946.150.0015110878.3783.00
Revenue growth+45.4%--100.0%+39.0%+38.4%-5.6%-
Other income0.000.009.1110815.988.5014.93
Total expenses0.910.480.0013810374.4378.39
Employee cost0.060.030.0019.9214.5111.8912.66
EBITDA8.035.670.0012.944.963.944.61
EBITDA margin+89.8%+92.2%-+8.6%+4.6%+5.0%+5.6%
Depreciation0.000.000.003.962.472.893.53
Interest0.000.000.000.550.010.010.02
Profit before tax8.035.679.1111618.469.5415.99
Tax0.310.080.2812.813.511.783.01
Net profit7.725.598.8325.7416.507.9213.00
Net profit margin+86.4%+90.9%-+17.1%+15.2%+10.1%+15.7%
EPS (₹)2.411.742.7632.284.672.434.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.203.203.203.203.203.203.20
Reserves & surplus688843726703616491334
Shareholders' funds (net worth)692846729707619494337
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.000.000.006.750.070.140.00
Total debt0.000.000.006.750.070.140.00
Total liabilities692846729714620495338
Assets
Gross block0.060.060.0648.0940.1146.7545.65
Net block0.000.000.0135.7228.7232.5634.13
Capital work in progress0.000.000.000.000.000.020.08
Investments753938763662573422225
Inventories0.000.000.0029.0226.0524.8332.38
Sundry debtors0.000.000.0011.007.119.869.78
Cash & bank balances0.030.790.0016.0214.924.763.60
Loans & advances1.431.2318.5617.8027.3629.3544.51
Total current assets1.462.0218.5673.8475.4468.8090.27
Total current liabilities0.110.830.0028.1027.6214.4810.90
Net working capital1.351.1918.5645.7447.8254.3279.37
Total assets692846729714620495338
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.790.000.0013.823.562.354.62
Net cash from operating activities(1.10)7.59(1.11)11.6814.1015.5410.22
Net cash from investing activities0.346.019.11(0.52)3.36(8.57)(6.70)
Net cash from financing activities0.00(12.80)(8.00)(9.18)(7.20)(5.76)(5.79)
Net change in cash(0.76)0.790.001.9910.261.21(2.27)
Closing cash0.030.790.0016.0214.924.763.60
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+45.4%--100.0%+39.0%+38.4%-5.6%-
EBITDA growth+41.6%--100.0%+160.9%+25.9%-14.5%-
PBT growth+41.6%-37.8%-92.2%+529.0%+93.5%-40.3%-0.9%
Net income growth+38.1%-36.7%-65.7%+56.0%+108.3%-39.1%-
Revenue CAGR (3Y)-61.0%-61.6%-100.0%+22.0%+2.0%+1.3%+4.3%
EBITDA CAGR (3Y)-14.7%+4.6%-100.0%+41.1%-19.2%+0.9%+64.3%
Profitability & leverage
Net income margin+86.4%+90.9%-+68.5%+13.8%+9.9%+15.6%
Return on capital employed+1.0%+0.7%+1.3%+4.6%+3.3%+2.3%+4.2%
Return on net worth+1.0%+0.7%+1.2%+3.9%+2.7%+1.9%+3.4%
Debt / equity0.000.000.000.010.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.000.00-6.120.400.951.85
Efficiency & per share
Fixed asset turnover149.00102.500.383.422.501.701.85
Inventory turnover0.000.000.635.484.262.742.31
Debtors turnover0.000.001.6616.6512.787.987.86
EPS (₹)2.411.742.7632.284.672.434.06
Dividend per share (₹)2.504.004.003.002.601.501.80
Book value per share (₹)216.12264.53227.86220.83193.44154.50105.39

To see the full year-wise statements and ratios of Hercules Investments Limited, buy the company report.

Board of directors of Hercules Investments Limited

Hercules Investments has 6 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Neelima Aditya Bajaj SwamyDirector11 Jul 20233 Years 3 MonthsCurrent
Shekhar BajajDirector12 Dec 198936 Years 10 MonthsCurrent
Girija BalakrishnanDirector27 May 20242 Years 4 MonthsCurrent
Hariprasad Anandkishore NevatiaWhole-Time Director22 Nov 200817 Years 11 MonthsCurrent
Jayavanth Kallianpur MallyaDirector11 Jul 20233 Years 3 MonthsCurrent
Mahendrakumar Amritlal GohelDirector19 Mar 20260 Years 7 MonthsCurrent

Charges & borrowings

Open charges
₹10 Cr
Satisfied charges
₹72.83 Cr
Breakdown by lending institutions
Bank of Maharashtra₹32.78 Cr
Hdfc Bank Limited₹10.00 Cr
Bank of India₹9.59 Cr
Rabo India Finance Pvt . Ltd.₹8.75 Cr
Bank of Mahartra₹6.23 Cr
Others₹5.48 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 May 201510575201Hdfc Bank Limited₹10 CrSatisfied
11 Mar 201310417010Axis Bank Limited₹5 CrSatisfied
19 Jun 200810116671Bank of Maharashtra₹13.5 CrSatisfied
07 Jun 200610008989Bank of Maharashtra₹9 CrSatisfied
18 Jan 200690238081Rabo India Finance Pvt . Ltd.₹8.75 CrSatisfied

To see the full charge records of Hercules Investments Limited, buy the company report.

Total charge records: 27 View all charges

Deals & funding

Hercules Investments Limited has 23 deals on record (23 market trades); the latest was in November 2022.

Total deals
23
Market trades
23

Deals on record (5 of 23)

WhenDealAmountParties
Nov 2022Market trade₹26.95 CrBuyer: Jamnalal Sons Private Limited
Seller: an individual
Nov 2022Market trade₹26.74 CrBuyer: Jamnalal Sons Private Limited
Seller: an individual
Aug 2017Market trade₹68.99 CrBuyer: Jamnalal Sons Private Limited
Seller: an individual
Mar 2014Market trade₹47.36 CrBuyer: Bachhraj Factories Private Limited
Seller: Jamnalal Sons Private Limited
Jul 2012Market trade₹7.69 CrBuyer: Crosseas Capital Markets Private Limited
Seller: Crosseas Capital Markets Private Limited

To see the full deal history of Hercules Investments Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Hercules Investments Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 648 overdue payments to 92 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 92)

SupplierAmount dueDue sinceReported on
an individual supplier
Sai Enterprises
CMK Electro Power Private Limited
an individual supplier
an individual supplier

To see the full MSME payment records of Hercules Investments Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Hercules Investments has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACH2706D1Z4MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Hercules Investments Limited, buy the company report.

Recent activity

Hercules Investments Limited has 27 board changes on record since 1989: 7 appointments and 20 cessations. The latest: Mahendrakumar Amritlal Gohel was appointed as Director on 19 Mar 2026.

Filing
Hercules Investments Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Mahendrakumar Amritlal Gohel was appointed as Director.
Charges
A charge registered on 25 May 2015 via Charge ID 10575201 with Hdfc Bank Limited was fully satisfied on 20 Nov 2025.
AGM
Hercules Investments Limited last Annual general meeting of members was held on 12 Aug 2025 as per latest MCA records.
Ceased
Meeta Jaisingh Khalsa ceased to be Company Secretary.
Ceased
Amit Bhalla ceased to be CEO.
Ceased
Girija Balakrishnan ceased to be Additional Director.
Appointed
Girija Balakrishnan was appointed as Director.
Ceased
Vikram Taranath Hosangady ceased to be Additional Director.
Ceased
Jayavanth Kallianpur Mallya ceased to be Director.
Ceased
Neelima Aditya Bajaj Swamy ceased to be Additional Director.
Appointed
Jayavanth Kallianpur Mallya was appointed as Director.

90 earlier events are in the company report.

Frequently asked questions

Hercules Investments is an active public limited company based in Mumbai, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 15 June 1962 (64+ years old) and is registered under CIN L66309MH1962PLC012385. Listed on BSE: 505720.

Hercules Investments reported revenue of ₹8.94 Cr for FY 2025-26 (up 45.4% YoY) based on standalone financials.

Hercules Investments has 6 current directors:

The latest financial statements of Hercules Investments on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Hercules Investments is 27AAACH2706D1Z4, registered in Maharashtra.

The CIN (Corporate Identification Number) of Hercules Investments is L66309MH1962PLC012385. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Hercules Investments is a listed company as per MCA records. Its shares are listed on BSE (code: 505720). Its shares were delisted from NSE on 09 Jan 2026 · voluntary delisting.

Hercules Investments has 59 court cases on record: 23 filed by the company and 36 filed against it. 5 are pending. Most are in the high courts.

Hercules Investments was incorporated on 15 June 1962, making it 64+ years old. It is registered with the Registrar of Companies, Mumbai.

Hercules Investments has 23 deals on record (23 market trades); the latest was in November 2022.

Mahendrakumar Amritlal Gohel was appointed as Director on 19 Mar 2026. Meeta Jaisingh Khalsa ceased to be Company Secretary on 31 Mar 2025. Amit Bhalla ceased to be CEO on 30 Sep 2024. Hercules Investments has 27 board changes on record in total.