About Ismt Limited
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Ismt Limited was a public limited company based in Pune, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 September 1999.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN L27109PN1999PLC016417. Its GSTIN is 27AAACJ9917A1ZP (Maharashtra). The company held 2 GST registrations, of which 1 is active. Its shares are listed on BSE: 532479 and NSE: ISMTLTD.
The company had an authorised share capital of ₹158.5 Cr and a paid-up capital of ₹150.25 Cr. It was led by directors including Ektare Nishikant Balakrishna (Managing Director) and Kanakraj Madhavan.
Its last annual general meeting (AGM) was held on 27 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Panama House (Earlier Known As Lunkad Towers) Vimannagar, Pune, Maharashtra, India – 411014.
As per the financials filed for FY 2023, the company reported a revenue of ₹2,598.18 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹87.74 Cr (net margin 3.4%) and EBITDA of ₹228.85 Cr (EBITDA margin 8.8%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 11% over five years.
The company had about 1,772 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 5 subsidiaries.
The company was associated with 1 brand: ISMT. As per MCA filings, the company had open charges of ₹530 Cr and satisfied charges of ₹5,370.29 Cr on record. Court records list 193 cases involving the company, including 119 filed by the company and 74 filed against it; 24 cases are pending. The company has 20 deals on record (16 market trades, 2 funding rounds, 1 acquisition), with disclosed funding of ₹486.65 Cr; the latest was in November 2023. Its 7 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 3 smaller; the largest is Mukand Sumi Special Steel Limited with revenue of ₹2,736.76 Cr. The company has 26 MSME Form 1 returns on record between 2019 and 2024, listing 3,584 overdue payments to 202 micro and small suppliers.
The last known website on record is ismt.com.
Company details
CIN history
Ismt has one previous CIN (Corporate Identification Number): U27109PN1999PLC016417. The current CIN is L27109PN1999PLC016417, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27109PN1999PLC016417 | Current |
| U27109PN1999PLC016417 | Previous |
Contact details
Ismt Limited's registered office is in Pune, Maharashtra. Its website is ismt.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPanama House (Earlier Known As Lunkad Towers) Vimannagar, Pune, Maharashtra, India – 411014
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Ismt 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
Business activity
The main business activity of Ismt is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ismt Limited, buy the company report.
Financials of Ismt Limited
FY 2023 filings availableIsmt Limited reported revenue of ₹2,598.18 Cr (up 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 19% growth in the latest year. EBITDA fell 91% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹228.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹87.74 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | ||||
| Net Profit Margin | 3.4% | ||||
| 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 Ismt Limited, buy the company report.
Board of directors and KMP of Ismt Limited
Ismt Limited currently reports 6 directors and 1 key managerial person. 27 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanakraj Madhavan | Director | 01 Mar 2019 | 7 Years 7 Months | As last reported |
| Sathya Moorthy Venkataramani Also directs: Kirloskar Ferrous Industries Ltd, Kirloskar Industries Limited, Oliver Engineering Private Limited and 2 more | Director | 10 Mar 2022 | 4 Years 7 Months | As last reported |
| Shalini Sarin Also directs: Kirloskar Ferrous Industries Ltd, Kirloskar Oil Engines Limited, Polyplex Corporation Limited and 5 more | Director | 10 Mar 2022 | 4 Years 7 Months | As last reported |
| Rahul Chandrakant Kirloskar Also directs: Snow Leopard Global Technology LLP, Snow Leopard Momentum-Ii LLP, Rykenthorus Ventures LLP and 5 more | Director | 10 Mar 2022 | 4 Years 7 Months | As last reported |
| Ravindranath Venkatesh Gumaste | Director | 10 Mar 2022 | 4 Years 7 Months | As last reported |
| Ektare Nishikant Balakrishna | Managing Director | 10 Mar 2022 | 4 Years 7 Months | As last reported |
Peer comparison
Ismt Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mukand Sumi Special Steel Limited | ₹2,736.76 Cr (FY 2025) | -4.0% | Kalwa, Maharashtra, India | |||
| Hi-Tech Pipes Ltd | ₹2,700.47 Cr (FY 2024) | 13.0% | New Delhi, Delhi, India | |||
| Jaideep Ispat and Alloys Private Limited | ₹2,699.75 Cr (FY 2025) | 0.0% | Indore, Madhya Pradesh, India | |||
| Orissa Steel & Power Private Limited | ₹2,691.1 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India | |||
| Ismt Limitedthis company | ₹2,598.18 Cr (FY 2023) | ₹87.74 Cr | 3.4% | 19.0% | 1,772 | Pune, Maharashtra, India |
| SMC Power Generation Limited | ₹2,579.32 Cr (FY 2025) | 3.0% | Jharsuguda, Odisha, India | |||
| S R J Peety Steels Private Limited | ₹2,510.69 Cr (FY 2025) | 10.0% | Jalna, Maharashtra, India | |||
| Shri Jagannath Steels & Power Limited | ₹2,465.8 Cr (FY 2025) | 33.0% | Barbil, Odisha, India |
To see the full peer comparison of Ismt Limited, buy the company report.
Auditor
Ismt Limited is audited by P G BHAGWAT LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P G BHAGWAT LLP | FY 2023 | 101118W/W100682 |
Shareholding
The shareholding of Ismt Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ismt Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2015 | 10589857 | Others | ₹405.5 Cr | Satisfied | |
| 10 Jul 2015 | 10583286 | State Bank of India | ₹15 Cr | Satisfied | |
| 30 Mar 2015 | 10561784 | Bank of Maharashtra | ₹20 Cr | Satisfied | |
| 27 Mar 2015 | 10562757 | Bank of Baroda | ₹50 Cr | Satisfied | |
| 23 Mar 2015 | 10573540 | Andhra Bank | ₹22.5 Cr | Satisfied |
To see the full charge records of Ismt Limited, buy the company report.
Total charge records: 81 View all charges
Deals & funding
Ismt Limited has 20 deals on record (16 market trades, 2 funding rounds, 1 acquisition), with disclosed funding of ₹486.65 Cr; the latest was in November 2023.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2023 | Market trade | ₹115.73 Cr | Buyer: Kirloskar Industries Limited Seller: Asscher Enterprises Limited |
| Dec 2022 | Acquisition | ₹65.71 Cr | Buyer: Omsairam Steels and Alloys Private Limited Seller: Ismt Limited |
| Nov 2022 | Market trade | ₹78 Cr | Buyer: Kirloskar Industries Limited Seller: Asscher Enterprises Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Kirloskar Ferrous Industries Ltd |
| Mar 2022 | Funding round | ₹476.63 Cr | Investors: Kirloskar Ferrous Industries Ltd |
To see the full deal history of Ismt Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ismt Limited has 193 court cases on record: 119 filed by Ismt, 74 filed against it. 24 cases are pending and 169 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 93 | 36 | 14 |
| District courts | 88 | 34 | 7 |
| Supreme Court | 6 | 2 | 2 |
| NCLT | 3 | 0 | 0 |
| NCLAT | 3 | 2 | 1 |
Cases on record (5 of 193)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Inpac Projects International Private Limited and Another | Pending |
| Bombay High Court | Appeal | Filed against the company by Inpac Projects International Private Limited and Another | Pending |
| Bombay High Court | Appeal | Filed by the company against Shivganga Prestressed Pipes Private Ltd. , Thru. Chairman Shri Shivajirao Dattatray Ingawale and Or and 1 other | Pending |
| NCLAT, Court I | Tribunal matter | Filed by the company against V Mahesh – Liquidator of M/S Nagarjuna Oil Corporation Ltd | Pending |
| Bombay High Court | Writ petition | Filed against the company by Sunflag Iron and Steel Co Limited and 4 others | Disposed |
To see the full case history of Ismt Limited, buy the company report.
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
Ismt Limited has 26 MSME Form 1 returns on record between 2019 and 2024, listing 3,584 overdue payments to 202 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 202)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sun Enterprises | |||
| an individual supplier | |||
| Alka Industries | |||
| C N K J B M S and Associates | |||
| Geometric Steels Roll Forming Private Limited |
To see the full MSME payment records of Ismt Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ismt has 5 subsidiary companies. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Tridem Port and Power Company Private Limited | U10101TN2007PTC070594 | |
| Nagapattinam Energy Private Limited | U40100TN2008PTC069515 | |
| Success Power and Infraprojects Private Limited | U40108PN1996PTC099133 | |
| Marshal Microware Infrastructure Development Company Private Limited | U45203PN2007PTC129795 | |
| Best Exim Private Limited | U51399PN2004PTC019783 |
To see the full group structure of Ismt Limited, buy the company report.
Employees & EPFO
Ismt Limited has a workforce of 1,772 employees on its EPFO records as of Mar 30, 2024, across 5 active EPFO establishments.
GST
Ismt has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACJ9917A1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ismt Limited, buy the company report.
Recent activity
Ismt Limited has 51 board changes on record since 2003: 29 appointments and 22 cessations. The latest: Raviprakasha Srinivasa Srivatsan was appointed as CFO on 06 Mar 2024.
236 earlier events are in the company report.
Frequently asked questions
Ismt has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ismt was a public limited company based in Pune, Maharashtra, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 September 1999 and is registered under CIN L27109PN1999PLC016417. Listed on BSE: 532479 and NSE: ISMTLTD. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ismt was incorporated on 01 September 1999. It is registered with the Registrar of Companies, Pune.
Ismt had 7 directors and KMP:
- Ektare Nishikant Balakrishna - Managing Director
- Kanakraj Madhavan - Director
- Sathya Moorthy Venkataramani - Director
- Shalini Sarin - Director
- Rahul Chandrakant Kirloskar - Director
- Ravindranath Venkatesh Gumaste - Director
- Raviprakasha Srinivasa Srivatsan - Cfo
The CIN (Corporate Identification Number) of Ismt is L27109PN1999PLC016417. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ismt is listed on both BSE (code: 532479) and NSE (symbol: ISMTLTD).
The registered office of Ismt is at Panama House Earlier Known As Lunkad Towers Vimannagar, Pune, Maharashtra, India – 411014.
Ismt can be reached through the website ismt.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Ismt on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 27 July 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ismt is 27AAACJ9917A1ZP, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Ismt operated in the metals and minerals industry, in the steel manufacturing and processing segment.
Ismt has 20 deals on record (16 market trades, 2 funding rounds, 1 acquisition), with disclosed funding of ₹486.65 Cr; the latest was in November 2023.