MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-10-0003276
Market Cap
₹41.01 Cr
INDOBELL · BSE
Share Price
₹62.05
-4.69% today
Revenue
₹15.58 Cr
FY 2025-26 · -39.5% YoY
EBITDA
−₹0.11 Cr
Margin -0.7%
Net Profit
₹0.77 Cr
FY 2025-26 · -64.8% YoY
P/E (TTM)
49.8x
P/B 2.4x
ROE
5.0%
ROCE 6.7%
Debt / Equity
0.11
Interest cover -47.4x
About Indobell Insulations Ltd
Data last updated:
Indobell Insulations Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 12 May 1972 and has been in existence for over 54 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L26102WB1972PLC028352. Its GSTIN is 19AAACI8026P1Z2 (West Bengal). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544334.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.3 Cr. It was formerly known as Indobell Insulations Pvt Ltd. It is led by directors including Vijay Burman (Managing Director) and Man Mohan Burman.
Its last annual general meeting (AGM) was held on 30 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 88 C Lake View Road, Kolkata, West Bengal, India – 700029.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹15.58 Cr, a decline of 39.4% compared to the previous year. For the same year it recorded a net profit of ₹77 Lakh (net margin 4.9%) and EBITDA of -₹11 Lakh (EBITDA margin -0.7%). The net worth stands at ₹16.22 Cr (up 4.9% YoY). Total assets are valued at ₹17.7 Cr (down 2.7% YoY).
The company has about 91 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indobell. As per MCA filings, the company has open charges of ₹15.65 Cr and satisfied charges of ₹1.85 Cr on record. The company has 10 deals on record (8 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹8.1 Lakh; the latest was in November 2025.
Indobell Insulations Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0003276). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indobell.com.
Company details
CIN L26102WB1972PLC028352
Registration Number 028352
Incorporation Date 12 May 1972
ROC Kolkata
Listing Status Listed - Listed on BSE (544334)
Company Status Active
Date of Last AGM 30 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-10-0003276
CIN history
Indobell Insulations has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L26102WB1972PLC028352, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26102WB1972PLC028352 | Current |
| U26102WB1972PTC028352 | Previous |
| U26102WB1972PLC028352 | Previous |
Recognitions & Rankings of Indobell Insulations
Contact details
Indobell Insulations Ltd's registered office is in Kolkata, West Bengal. Its website is indobell.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address88 C Lake View Road, Kolkata, West Bengal, India – 700029
- IndustryManufacturing, Cable & Wire, Plastic & Resins
To see the full contact details of Indobell Insulations Ltd, buy the company report.
Comprehensive company report
Indobell Insulations Ltd - 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
Indobell Insulations operates one associated brand: Indobell. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Thermal insulation products and systems are manufactured and installed. | indobell.com |
Business activity
The main business activities of Indobell Insulations are manufacturing and professional, scientific and technical. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Indobell Insulations Ltd, buy the company report.
Financials of Indobell Insulations Ltd
FY 2025-26 filings availableIndobell Insulations Ltd reported revenue of ₹15.58 Cr (down 39.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹15.58 Cr
-39.4% YoY
EBITDA
−₹0.11 Cr
-103.8% YoY
Profit After Tax
₹0.77 Cr
-64.8% YoY
Net Worth
₹16.22 Cr
+4.9% YoY
Total Assets
₹17.70 Cr
-2.7% YoY
Total Debt
₹0.94 Cr
-62.7% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 15.58 | 25.73 | 17.88 | 20.77 | 9.61 |
| Revenue growth | -39.5% | +43.9% | -13.9% | +116.1% | - |
| EBITDA | (0.11) | 2.88 | 2.06 | 1.86 | 0.83 |
| EBITDA margin | -0.7% | +11.2% | +11.5% | +9.0% | +8.6% |
| Profit before tax | 1.03 | 3.03 | 1.38 | 1.20 | 0.21 |
| Net profit | 0.77 | 2.19 | 1.02 | 0.88 | 0.16 |
| Net profit margin | +4.9% | +8.5% | +5.7% | +4.2% | +1.7% |
| EPS (₹) | 1.28 | 3.47 | 2.52 | 13.19 | 2.25 |
| Balance sheet | |||||
| Total assets | 17.70 | 18.19 | 10.94 | 8.97 | 10.06 |
| Net worth | 16.22 | 15.46 | 5.68 | 4.72 | 3.89 |
| Total debt | 0.94 | 2.52 | 5.27 | 4.25 | 6.13 |
| Cash & bank | 2.21 | 1.97 | 0.84 | 0.73 | 0.65 |
| Net working capital | 12.80 | 14.46 | 7.29 | 5.74 | 7.18 |
| Cash flow | |||||
| Cash from operations | 4.50 | (4.32) | 0.25 | 3.13 | (2.82) |
| Cash from investing | (1.34) | (0.22) | (0.56) | (0.55) | (0.07) |
| Cash from financing | (2.92) | 5.66 | 0.43 | (2.50) | 3.27 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 15.58 | 25.73 | 17.88 | 20.77 | 9.61 |
| Revenue growth | -39.5% | +43.9% | -13.9% | +116.1% | - |
| Other income | 1.59 | 0.77 | 0.10 | 0.29 | 0.16 |
| Total expenses | 15.69 | 22.85 | 15.82 | 18.91 | 8.78 |
| Employee cost | 3.06 | 2.93 | 2.40 | 1.84 | 1.75 |
| EBITDA | (0.11) | 2.88 | 2.06 | 1.86 | 0.83 |
| EBITDA margin | -0.7% | +11.2% | +11.5% | +9.0% | +8.6% |
| Depreciation | 0.27 | 0.22 | 0.27 | 0.26 | 0.26 |
| Interest | 0.18 | 0.40 | 0.51 | 0.69 | 0.52 |
| Profit before tax | 1.03 | 3.03 | 1.38 | 1.20 | 0.21 |
| Tax | 0.24 | 0.84 | 0.36 | 0.32 | 0.05 |
| Net profit | 0.77 | 2.19 | 1.02 | 0.88 | 0.16 |
| Net profit margin | +4.9% | +8.5% | +5.7% | +4.2% | +1.7% |
| EPS (₹) | 1.28 | 3.47 | 2.52 | 13.19 | 2.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 6.30 | 6.30 | 4.10 | 0.68 | 0.68 |
| Reserves & surplus | 9.92 | 9.16 | 1.58 | 4.04 | 3.21 |
| Shareholders' funds (net worth) | 16.22 | 15.46 | 5.68 | 4.72 | 3.89 |
| Secured loans | 0.94 | 2.52 | 4.35 | 3.21 | 4.87 |
| Unsecured loans | 0.00 | 0.00 | 0.92 | 1.04 | 1.26 |
| Total debt | 0.94 | 2.52 | 5.27 | 4.25 | 6.13 |
| Total liabilities | 17.70 | 18.19 | 10.94 | 8.97 | 10.06 |
| Assets | |||||
| Gross block | 5.26 | 4.21 | 4.11 | 2.04 | 2.04 |
| Net block | 2.61 | 1.77 | 1.89 | 2.04 | 2.04 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.17 | 0.17 | 0.17 | 0.14 | 0.07 |
| Inventories | 4.64 | 2.55 | 2.54 | 2.83 | 5.01 |
| Sundry debtors | 4.52 | 14.23 | 6.59 | 3.85 | 2.56 |
| Cash & bank balances | 2.21 | 1.97 | 0.84 | 0.73 | 0.65 |
| Loans & advances | 3.62 | 3.07 | 1.67 | 1.68 | 3.79 |
| Total current assets | 14.99 | 21.82 | 11.64 | 9.09 | 12.01 |
| Total current liabilities | 2.19 | 7.36 | 4.35 | 3.35 | 4.83 |
| Net working capital | 12.80 | 14.46 | 7.29 | 5.74 | 7.18 |
| Total assets | 17.70 | 18.19 | 10.94 | 8.97 | 10.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 1.97 | 0.84 | 0.73 | 0.65 | 0.27 |
| Net cash from operating activities | 4.50 | (4.32) | 0.25 | 3.13 | (2.82) |
| Net cash from investing activities | (1.34) | (0.22) | (0.56) | (0.55) | (0.07) |
| Net cash from financing activities | (2.92) | 5.66 | 0.43 | (2.50) | 3.27 |
| Net change in cash | 0.24 | 1.12 | 0.11 | 0.08 | 0.38 |
| Closing cash | 2.21 | 1.97 | 0.84 | 0.73 | 0.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | -39.5% | +43.9% | -13.9% | +116.1% | - |
| EBITDA growth | -103.8% | +39.8% | +10.8% | +124.1% | - |
| PBT growth | -66.0% | +119.6% | +15.0% | +471.4% | +9997.0% |
| Net income growth | -64.8% | +114.7% | +15.9% | +450.0% | - |
| Revenue CAGR (3Y) | -9.1% | +38.9% | - | - | - |
| EBITDA CAGR (3Y) | - | +51.4% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +5.1% | +8.5% | +5.7% | +4.2% | +1.7% |
| Return on capital employed | +6.7% | +23.5% | +19.1% | +20.1% | +7.2% |
| Return on net worth | +5.1% | +20.7% | +19.8% | +20.9% | +3.9% |
| Debt / equity | 0.11 | 0.37 | 0.91 | 1.20 | 1.57 |
| Long-term debt / equity | 0.02 | 0.04 | 0.19 | 0.27 | 0.33 |
| Interest cover | -47.37 | 15.04 | 28.49 | 43.13 | 91.23 |
| Efficiency & per share | |||||
| Fixed asset turnover | 3.29 | 6.19 | 5.81 | 10.18 | 4.71 |
| Inventory turnover | 4.33 | 10.11 | 6.66 | 5.30 | 1.92 |
| Debtors turnover | 1.66 | 2.47 | 3.43 | 6.48 | 3.75 |
| EPS (₹) | 1.28 | 3.47 | 2.52 | 13.19 | 2.25 |
| Dividend per share (₹) | 2.00 | 2.00 | 0.30 | 2.00 | 1.00 |
| Book value per share (₹) | 25.75 | 24.54 | 13.85 | 69.25 | 57.05 |
To see the full year-wise statements and ratios of Indobell Insulations Ltd, buy the company report.
Board of directors of Indobell Insulations Ltd
Indobell Insulations has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Man Mohan Burman Also directs: Sushma Enterprise Private Limited, Warren Industrial Limited | Director | 20 May 1988 | 38 Years 5 Months | Current |
| Avinash Singh Also directs: Genesis Fintec Private Limited | Director | 01 Aug 2012 | 14 Years 2 Months | Current |
| Megha Burman | Director | 01 Aug 2012 | 14 Years 2 Months | Current |
| Vijay Burman | Managing Director | 12 May 1972 | 54 Years 5 Months | Current |
| Anjana Dikshit Also directs: Health X Platform Limited | Director | 24 Jun 2024 | 2 Years 4 Months | Current |
| Sudeep Sanyal | Director | 30 Oct 2023 | 2 Years 11 Months | Current |
Auditor
Indobell Insulations Ltd is audited by BANDYOPADHYAY & DUTT for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANDYOPADHYAY & DUTT | FY 2023 | 325116E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 65.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 1.80% and retail and other public shareholders hold 33.20%.
Sep 2026
QUARTER
65.00% Promoters
1.80% DII (Domestic Institutional)
33.20% Retail & Others
Promoter holding - history
Now 65.00% · Sep 2026High 65.00% · Dec 2025Low 65.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 65.00% | 65.00% | 65.00% | 65.00% |
| Public | 35.00% | 35.00% | 35.00% | 35.00% |
Charges & borrowings
Open charges
₹15.65 Cr
Satisfied charges
₹1.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2026 | 101242127 | State Bank of India | ₹22 Lakh | Open | |
| 14 Mar 2013 | 10418047 | State Bank of India | ₹15.43 Cr | Open | |
| 21 Sep 2011 | 10315492 | Ing Vysya Bank Limited | ₹75 Lakh | Satisfied | |
| 14 Jan 2010 | 10200272 | Standard Chartered Bank | ₹55 Lakh | Satisfied | |
| 04 Jan 2010 | 10200267 | Standard Chartered Bank | ₹55 Lakh | Satisfied |
To see the full charge records of Indobell Insulations Ltd, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Indobell Insulations Ltd has 10 deals on record (8 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹8.1 Lakh; the latest was in November 2025.
Total deals
10
Market trades
8
IPO
1
Funding round
1
Disclosed funding
₹8.1 Lakh
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2025 | Market trade | ₹95.3 Lakh | Buyer: Black Fox Financial Private Limited , an individual Seller: Black Fox Financial Private Limited , an individual |
| Jan 2025 | Market trade | ₹1.54 Cr | Buyer: Black Fox Financial Private Limited Seller: Fingrow Investment Ventures Private Limited , Black Fox Financial Private Limited , an individual |
| Jan 2025 | Market trade | ₹1.32 Cr | Buyer: Fingrow Investment Ventures Private Limited , Green Peaks Enterprises LLP , an individual Seller: Green Peaks Enterprises LLP , Fingrow Investment Ventures Private Limited |
| Jan 2025 | Market trade | ₹36.8 Lakh | Buyer: Green Peaks Enterprises LLP |
| Jan 2025 | Market trade | ₹1.71 Cr | Buyer: an individual Seller: Mansi Share and Stock Broking Private Limited , Black Fox Financial Private Limited |
To see the full deal history of Indobell Insulations Ltd, 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 Indobell Insulations Ltd 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 Indobell Insulations Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indobell Insulations Ltd has a workforce of 91 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
91
Active EPFO establishments
1
Employee growth
26.39%
GST
Indobell Insulations has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACI8026P1Z2 | West Bengal | Active | 01 Jul 2017 |
| 19AAACI8026P2Z1 | West Bengal | Active | 01 Apr 2025 |
| 27AAACI8026P1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indobell Insulations Ltd, buy the company report.
Recent activity
Indobell Insulations Ltd has 16 board changes on record since 1972: 8 appointments and 8 cessations. The latest: Man Mohan Burman ceased to be Director on 11 Nov 2025.
AGM
Indobell Insulations Ltd last Annual general meeting of members was held on 30 Sep 2026 as per latest MCA records.
Filing
Indobell Insulations Ltd has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
Charges
A charge with State Bank Of India of Rs. 15.43 Cr registered on 14 Mar 2013 with Charge ID 10418047 was modified on 18 Mar 2026.
Charges
A charge with State Bank Of India amounted to Rs. 0.22 Cr with Charge ID 101242127 was registered on 29 Jan 2026.
Ceased
Man Mohan Burman ceased to be Director.
Ceased
Vijay Burman ceased to be Managing Director.
Appointed
Anjana Dikshit was appointed as Director.
Ceased
Sadashiv Nayak Vasudeo ceased to be Director.
Appointed
Sanjay Agarwal was appointed as Company Secretary.
Appointed
Sudeep Sanyal was appointed as Director.
Appointed
Abhirup Bose was appointed as CFO.
Ceased
Nupur Vaswani ceased to be Director.
19 earlier events are in the company report.
News
Frequently asked questions
Indobell Insulations is an active public limited company based in Kolkata, West Bengal, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 12 May 1972 (54+ years old) and is registered under CIN L26102WB1972PLC028352. Listed on BSE: 544334.
Indobell Insulations reported revenue of ₹15.58 Cr for FY 2025-26 (down 39.4% YoY) based on standalone financials.
Indobell Insulations has 6 current directors:
- Vijay Burman - Managing Director
- Man Mohan Burman - Director
- Avinash Singh - Director
- Megha Burman - Director
- Anjana Dikshit - Director
- Sudeep Sanyal - Director
The latest financial statements of Indobell Insulations on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Indobell Insulations is 19AAACI8026P1Z2, registered in West Bengal. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 19AAACI8026P2Z1 (West Bengal), 27AAACI8026P1Z5 (Maharashtra).
The CIN (Corporate Identification Number) of Indobell Insulations is L26102WB1972PLC028352. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indobell Insulations is a listed company as per MCA records. Its shares are listed on BSE (code: 544334).
Indobell Insulations was incorporated on 12 May 1972, making it 54+ years old. It is registered with the Registrar of Companies, Kolkata.
Indobell Insulations has 10 deals on record (8 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹8.1 Lakh; the latest was in November 2025.
Man Mohan Burman ceased to be Director on 11 Nov 2025. Vijay Burman ceased to be Managing Director on 11 Nov 2025. Anjana Dikshit was appointed as Director on 24 Jun 2024. Indobell Insulations has 16 board changes on record in total.