Ipi Steel Ltd
About Ipi Steel Ltd
Data last updated:
Ipi Steel Ltd is a public limited company based in Dhenkal, Orissa, India, a subsidiary of Crackers India(Alloys) Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 26 February 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27101OR1983PLC001173. Its GSTIN is 21AAACI3966N2ZD (Odisha). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.39 Cr. It is led by directors including Sophina Sahoo and Suprasanna Sahoo.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Company S Factory Sitegundichapada, Dhenkal, Orissa, India – 759025.
As per the financials filed for FY 2025, the company reported a revenue of ₹17,000, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹51.61 Lakh and EBITDA of -₹13.11 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 5% over five years.
As per MCA filings, the company has satisfied charges of ₹78.18 Cr on record. Court records list 37 cases involving the company, including 21 filed by the company and 15 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressCompany S Factory Sitegundichapada, Dhenkal, Orissa, India – 759025
- IndustryMetals and Minerals, Steel Manufacturing & 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
CIN History of Ipi Steel Ltd
Ipi Steel has one previous CIN (Corporate Identification Number): L27101OR1983PLC001173. The current CIN is U27101OR1983PLC001173, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27101OR1983PLC001173 | Current |
| L27101OR1983PLC001173 | Previous |
Auditor Details of Ipi Steel Ltd
Ipi Steel Ltd is audited by Nitin Manek & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Nitin Manek & Associates | 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 of Ipi Steel Ltd
Ipi Steel has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sophina Sahoo Also directs: Crackers India Infrastructure Limited, The World Ventures Limited, World Retails Private Limited and 5 more | Director | 18 Nov 2009 | 16 Years 10 Months | Current |
| Suprasanna Sahoo Also directs: Agro Builders Pvt Ltd, GRM Minerals Private Limited, Crackers India Infrastructure Limited and 5 more | Director | 04 Aug 2006 | 20 Years 2 Months | Current |
| Sonal Sahoo Also directs: Crackers India Infrastructure Limited, World Metal Industries Limited, The World Ventures Limited and 5 more | Director | 04 Aug 2006 | 20 Years 2 Months | Current |
| Shrinibash Sahoo Also directs: Agro Builders Pvt Ltd, GRM Minerals Private Limited, Crackers India Infrastructure Limited and 5 more | Director | 04 Aug 2006 | 20 Years 2 Months | Current |
Financials of Ipi Steel Ltd FY 2025 filings available
Ipi Steel Ltd reported revenue of ₹17,000 (down 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ipi Steel Ltd
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 15% fall in the latest year. EBITDA rose 99% 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 Ipi Steel Ltd
| 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 | -₹13.11 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹51.61 Lakh | •••• | •••• | •••• | •••• |
| 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 Ipi Steel Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Ipi Steel 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.
Ownership and Shareholding of Ipi Steel Ltd
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 Ipi Steel Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Mar 2017 | Others | ₹5 Cr | Satisfied |
| 27 Sep 2013 | Axis Bank Limited | ₹2 Cr | Satisfied |
| 22 Dec 2012 | Srei Equipment Finance Private Limited | ₹10.56 Cr | Satisfied |
| 15 Dec 2010 | Srei Equipment Finance Private Limited | ₹10 Cr | Satisfied |
| 15 Jul 2010 | Small Industries Development Bank of India (Sidbi) | ₹4 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Ipi Steel Ltd
Employment history and EPFO contributions of people linked to Ipi Steel.
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.
GST Compliance of Ipi Steel Ltd
Ipi Steel has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACI3966N2ZD | Odisha | Active | 14 Aug 2020 |
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.
Legal Cases of Ipi Steel Ltd
Ipi Steel Ltd has 37 court cases on record: 21 filed by Ipi Steel, 15 filed against it, 1 where it is another party. 8 cases are pending and 29 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 5 | 3 |
| District courts | 13 | 10 | 5 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Pending |
| District court, Sundargarh, Odisha | Civil suit | Filed against the company by Epic Alloy Steel Private Limited | Disposed |
| District court, Sundargarh, Odisha | Court case (1(c)cc) | Filed against the company by Maa Alloys Private Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Disposed |
| High Court of Orissa | Court case (COPET) | Filed against the company by Sree Metaliks Ltd. | Disposed |
Full case history
All 37 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.
Credit Ratings, Litigation & Regulatory Alerts for Ipi Steel Ltd
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.
MSME Payment Delays by Ipi Steel Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ipi Steel Ltd
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.
MCA Filings & Documents of Ipi Steel Ltd
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.
Recent Activity on Ipi Steel Ltd
Frequently Asked Questions about Ipi Steel Ltd
Ipi Steel is an active public limited company based in Dhenkal, Orissa, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 26 February 1983 (43+ years old) and is registered under CIN U27101OR1983PLC001173.
Ipi Steel reported revenue of ₹17,000 for FY 2025 (down 15% YoY).
Ipi Steel has 4 current directors:
- Sophina Sahoo - Director
- Suprasanna Sahoo - Director
- Sonal Sahoo - Director
- Shrinibash Sahoo - Director
Ipi Steel reported a net loss of ₹51.61 Lakh and EBITDA of -₹13.11 Lakh for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ipi Steel is 34% over three years and -5% over five years. In the latest year (FY 2025) revenue fell 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ipi Steel is 21AAACI3966N2ZD, registered in Odisha. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Ipi Steel is U27101OR1983PLC001173. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ipi Steel has 37 court cases on record: 21 filed by the company and 15 filed against it. 8 are pending. Most are in the high courts.
Ipi Steel was incorporated on 26 February 1983, making it 43+ years old. It is registered with the Registrar of Companies, Cuttack.