About Indian Cane Power Limited
Data last updated:
Indian Cane Power Limited is a public limited company based in Davanagere, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 01 March 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U01542KA2002PLC030187. Its GSTIN is 29AABCI5330F1ZS (Karnataka).
The company has an authorised share capital of ₹271 Cr and a paid-up capital of ₹171.06 Cr. It is led by directors including Arethol Sangappa Niranjan (Managing Director) and Mallikarjun Samarth Shamanur.
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 627 Kalleshwara Rice Mills Compound Anekonda, Davanagere, Karnataka, India – 577002.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,279.13 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹48.3 Cr (net margin 3.8%) and EBITDA of ₹152.58 Cr (EBITDA margin 11.9%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 25% over five years.
The company has about 1,263 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Indian Cane Power. As per MCA filings, the company has open charges of ₹1,146.62 Cr and satisfied charges of ₹1,661.48 Cr on record. Court records list 620 cases involving the company, including 564 filed by the company and 28 filed against it; 92 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icpluttur.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address627 Kalleshwara Rice Mills Compound Anekonda, Davanagere, Karnataka, India – 577002
- IndustryAgriculture, Sugar Processing
- 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
- One PDF report, delivered after checkout
Business Activity of Indian Cane Power Limited
The main business activities of Indian Cane Power are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products, chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Indian Cane Power Limited FY 2024 filings available
Indian Cane Power Limited reported revenue of ₹1,279.13 Cr (down 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Indian Cane Power Limited
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 25%. EBITDA fell 3% 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 of Indian Cane Power Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹152.58 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹48.3 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 | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Indian Cane Power Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Indian Cane Power are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Indian Cane Power Limited
Indian Cane Power Limited is compared with the companies closest to it by revenue in the Agriculture industry (Alcoholic Beverages, Sugar). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Simbhaoli Sugars Limited Listed | ₹1,417.43 Cr (FY 2023) | •••• | •••• | -1.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Dwarikesh Sugar Industries Limited Listed | ₹1,365.32 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Bijnore, Uttar Pradesh, India |
| Wave Industries Private Limited | ₹1,363.07 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | New Delhi, Delhi, India |
| Alcograin Distillers Private Limited | ₹1,330.08 Cr (FY 2025) | •••• | •••• | 404.0% | •••• | Chandigarh, India |
| Magadh Sugar & Energy Limited Listed | ₹1,325.11 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Sitapur, Uttar Pradesh, India |
| Indian Cane Power Limited this company | ₹1,279.13 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Davanagere, Karnataka, India |
| Sentini Bioproducts Private Limited | ₹1,267.69 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Hyderabad, Telangana, India |
| Woodpecker Distilleries & Breweries Private Limited | ₹1,228.88 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Gangamai Industries and Constructions Private Limited | ₹1,211.94 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Aurangabad, Maharashtra, India |
| Modi Industries Limited | ₹1,196.75 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Uttar Pradesh, India |
| RSL Distilleries Private Limited | ₹1,181.99 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Chandigarh, India |
Peers are the five companies nearest above and the five nearest below Indian Cane Power by revenue in the Agriculture industry (Alcoholic Beverages, Sugar), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Indian Cane Power Limited
Indian Cane Power Limited is audited by SANTHAPPA & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SANTHAPPA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Indian Cane Power Limited
Indian Cane Power Limited currently reports 8 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arethol Sangappa Niranjan | Managing Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Mallikarjun Samarth Shamanur Also directs: Shamanur Agro Tech Private Limited | Director | 01 Aug 2022 | 4 Years 2 Months | Current |
| Revanna Vinaykumara Also directs: Finemoon Ventures Private Limited | Cfo | 06 Jun 2023 | 3 Years 4 Months | Current |
| Shamanur Shivashankarappa Mallikarjun | Director | 10 Jan 2006 | 20 Years 9 Months | Current |
| Prabha Mallikarjun Also directs: Shamanur Agro Tech Private Limited | Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Premchand Also directs: Universal Bottler Private Limited | Director | 19 Oct 2016 | 9 Years 11 Months | Current |
Ownership and Shareholding of Indian Cane Power Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Indian Cane Power Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Mar 2025 | Canara Bank | ₹64.8 Cr | Open |
| 19 Mar 2025 | Others | ₹36 Cr | Open |
| 22 Mar 2024 | State Bank of India | ₹375 Cr | Open |
| 29 Sep 2022 | Sbicap Trustee Company Limited | ₹225 Cr | Open |
| 22 Mar 2022 | Canara Bank | ₹12.97 Cr | Open |
Total charge records: 38 View all charges
Legal Cases of Indian Cane Power Limited
Indian Cane Power Limited has 620 court cases on record: 564 filed by Indian Cane Power, 28 filed against it, 28 where it is another party. 92 cases are pending and 528 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 514 | 20 | 75 |
| High courts | 104 | 6 | 17 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 620)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed against the company by Bangalore Electricity Supply Company Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Vijayashree Sugars & Power Limited | Disposed |
| High Court of Karnataka | Writ petition | Company is another party | Pending |
| High Court of Karnataka | Court case (MFA) | Company is another party | Pending |
| High Court of Karnataka | Court case (MFA) | Filed by the company against an individual | Pending |
Full case history
All 620 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
MSME Payment Delays by Indian Cane Power Limited
Indian Cane Power Limited has 14 MSME Form 1 returns on record between 2016 and 2023, listing 142 overdue payments to 54 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 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Kimberlite Water Plus Private Limited | •••• | •••• | •••• |
| Techmates Marketing Services,Belgaum | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Indian Cane Power Limited
Indian Cane Power operates one associated brand: Indian Cane Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sugar production, power generation, and distilleries operations in Karnataka. | icpluttur.com |
Employees and EPFO Compliance at Indian Cane Power Limited
Indian Cane Power Limited has a workforce of 1,263 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Indian Cane Power Limited
Indian Cane Power has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Alagawadi Bireshwar Sugars Private Limited | U15421KA2006PTC039146 | Locked |
| Someshwar Sugars Limited | U15424KA2006PLC040493 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on Indian Cane Power Limited
Indian Cane Power Limited has 20 board changes on record since 2006: 9 appointments and 11 cessations. The latest: Doddamane Veeranna Ravindra was appointed as Director on 22 Jun 2025.
82 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indian Cane Power Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Indian Cane Power Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Indian Cane Power Limited
Indian Cane Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI5330F1ZS | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Indian Cane Power Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Indian Cane Power Limited
Indian Cane Power is an active public limited company based in Davanagere, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 01 March 2002 (24+ years old) and is registered under CIN U01542KA2002PLC030187.
Indian Cane Power reported revenue of ₹1,279.13 Cr for FY 2024 (down 7% YoY).
Indian Cane Power has 9 current directors and KMP:
- Arethol Sangappa Niranjan - Managing Director
- Mallikarjun Samarth Shamanur - Director
- Shamanur Shivashankarappa Mallikarjun - Director
- Prabha Mallikarjun - Director
- Premchand - Director
- Subhash Chand Pahuja - Director
- Shamanur Shivashankarappa - Director
- Doddamane Veeranna Ravindra - Director
- Revanna Vinaykumara - Cfo
Indian Cane Power reported a net profit of ₹48.3 Cr (net margin 3.8%) and EBITDA of ₹152.58 Cr (EBITDA margin 11.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indian Cane Power is 15% over three years and 25% over five years. In the latest year (FY 2024) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indian Cane Power is 29AABCI5330F1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Indian Cane Power is U01542KA2002PLC030187. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian Cane Power has 620 court cases on record: 564 filed by the company and 28 filed against it. 92 are pending. Most are in the district courts.
Indian Cane Power was incorporated on 01 March 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Indian Cane Power by revenue are Simbhaoli Sugars Limited, Dwarikesh Sugar Industries Limited, Wave Industries Private Limited, Alcograin Distillers Private Limited, Magadh Sugar & Energy Limited and 5 more, all in the Agriculture industry (Alcoholic Beverages, Sugar).
Doddamane Veeranna Ravindra was appointed as Director on 22 Jun 2025. Revanna Vinaykumara was appointed as CFO on 06 Jun 2023. Arpita Jain ceased to be Company Secretary on 14 Jan 2023. Indian Cane Power has 20 board changes on record in total.
Indian Cane Power has 14 MSME Form 1 returns on record between 2016 and 2023, listing 142 overdue payments to 54 micro and small suppliers. The latest return was filed on 27 Aug 2023.