Hsil Associates Limited
About Hsil Associates Limited
Data last updated:
Hsil Associates Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the iron and steel segment of the steel sector. It was incorporated on 04 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27107WB2008PLC129064.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Payal Makhija and Ajay Kumar Dokania.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2 Red Cross Place, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹26,333, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹334 (net margin 1.3%) and EBITDA of ₹446 (EBITDA margin 1.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The company has 1 deal on record (1 acquisition); the latest was in May 2015.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Hsil Associates Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2 Red Cross Place, Kolkata, West Bengal, India – 700001
- IndustrySteel, Iron & Steel, Manufacturing
To see the full contact details of Hsil Associates 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
Financials of Hsil Associates Limited
FY 2025 filings availableHsil Associates Limited reported revenue of ₹26,333 (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 11% fall in the latest year. EBITDA fell 7% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹446 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹334 | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | 1.3% | ||||
| 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 Hsil Associates Limited, buy the company report.
Board of directors of Hsil Associates Limited
Hsil Associates 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 |
|---|---|---|---|---|
| Payal Makhija | Director | 05 Feb 2024 | 2 Years 9 Months | Current |
| Ajay Kumar Dokania | Director | 09 Nov 2009 | 17 Years 0 Months | Current |
| Niranjan Kumar Goenka Also directs: Agi Retail Private Limited, Truflo Pipes Limited, Four Corner Properties Private Limited and 5 more | Director | 04 Sep 2008 | 18 Years 2 Months | Current |
Auditor
Hsil Associates Limited is audited by M. R. Dhanuka & Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. R. Dhanuka & Co | FY 2017 | 329303E |
Shareholding
The shareholding of Hsil Associates Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Hsil Associates Limited, buy the company report.
Deals & funding
Hsil Associates Limited has 1 deal on record (1 acquisition); the latest was in May 2015.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2015 | Acquisition | Undisclosed | Seller: Agi Greenpac Limited |
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 Hsil Associates 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 Hsil Associates Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Hsil Associates Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Hsil Associates Limited has 9 board changes on record since 2008: 3 appointments and 6 cessations. The latest: Payal Makhija ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Hsil Associates is an active public limited company based in Kolkata, West Bengal, India. The company works in iron and steel, within the steel industry. It was incorporated on 04 September 2008 (18+ years old) and is registered under CIN U27107WB2008PLC129064.
Hsil Associates has 3 current directors:
- Payal Makhija - Director
- Ajay Kumar Dokania - Director
- Niranjan Kumar Goenka - Director
The latest financial statements of Hsil Associates on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Hsil Associates is U27107WB2008PLC129064. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hsil Associates was incorporated on 04 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Kolkata.
Hsil Associates has 1 deal on record (1 acquisition); the latest was in May 2015.
Payal Makhija ceased to be Additional Director on 29 Sep 2024. Payal Makhija was appointed as Director on 05 Feb 2024. Rajendra Kumar Somany ceased to be Director on 20 Jan 2023. Hsil Associates has 9 board changes on record in total.
The registered office of Hsil Associates is at 2 Red Cross Place, Kolkata, West Bengal, India – 700001.
Hsil Associates operates in the steel industry, in the iron and steel segment.
The compliance status of Hsil Associates is compliant as of 23 September 2026. The company is actively filing with the Registrar of Companies.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
