MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0011930
Market Cap
₹141 Cr
KARBON · BSE
Share Price
₹97.00
-2.51% today
Revenue
₹301 Cr
FY 2025-26 · +10.2% YoY
EBITDA
₹34.01 Cr
Margin 11.3%
Net Profit
₹10.51 Cr
FY 2025-26 · -25.8% YoY
P/E (TTM)
13.9x
P/B 1.3x
ROE
12.0%
ROCE 20.6%
Debt / Equity
0.73
Interest cover 54.8x
About Karbonsteel Engineering Limited
Data last updated:
Karbonsteel Engineering Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 21 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74120MH2011PLC216558. Its GSTIN is 27AAECK3353K1ZD (Maharashtra). The company holds 9 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544511.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.14 Cr. It was formerly known as Karbon Steelmart Private Limited. It is led by directors including Shrenik Kirit Shah (Managing Director) and Mittal Shrenik Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 23 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹300.88 Cr, a growth of 10.2% compared to the previous year. For the same year it recorded a net profit of ₹10.51 Cr (net margin 3.5%) and EBITDA of ₹34.01 Cr (EBITDA margin 11.3%). The net worth stands at ₹115.14 Cr (up 90.7% YoY). Total assets are valued at ₹170.91 Cr (up 28.9% YoY).
The company has about 213 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: KarbonSteel. As per MCA filings, the company has open charges of ₹152.81 Cr and satisfied charges of ₹50.06 Cr on record. Court records list 21 cases involving the company, including 17 filed by the company and 4 filed against it; 7 cases are pending. The company has 17 deals on record (6 funding rounds, 6 market trades, 4 secondary share transfers), with disclosed funding of ₹14.74 Cr; the latest was in September 2026.
Karbonsteel Engineering Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0011930). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karbonsteel.com.
Company details
CIN L74120MH2011PLC216558
Registration Number 216558
Incorporation Date 21 April 2011
ROC Mumbai
Listing Status Listed - Listed on BSE (544511)
Company Status Active
Date of Last AGM 23 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0011930
CIN history
Karbonsteel Engineering has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74120MH2011PLC216558, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74120MH2011PLC216558 | Current |
| U74120MH2011PLC216558 | Previous |
| U74120MH2011PTC216558 | Previous |
Key People
Shrenik Kirit Shah Managing Director Mittal Shrenik Shah Whole-Time Director Saurabh Bhansali Director Recognitions & Rankings of Karbonsteel Engineering
Contact details
Karbonsteel Engineering Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressB – 8 Ratnadeep Cosmopolitan Chs Ltd 140 – 141 S.V. Road Nr. Shoppers Stop An, Dheri (W), Mumbai, Maharashtra, India – 400058
- IndustryEngineering, Metal Foundry & Fabrication Services
Comprehensive company report
Karbonsteel Engineering Limited - 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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Secure checkout · GST invoice included
Brands
Karbonsteel Engineering operates one associated brand: KarbonSteel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel fabrication and engineering services in India. | karbonsteel.com |
Business activity
The main business activities of Karbonsteel Engineering are trade and manufacturing. In detail, this covers wholesale trading and metal and metal products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Karbonsteel Engineering Limited, buy the company report.
Financials of Karbonsteel Engineering Limited
FY 2025-26 filings availableKarbonsteel Engineering Limited reported revenue of ₹300.88 Cr (up 10.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹301 Cr
+10.2% YoY
EBITDA
₹34.01 Cr
-10.0% YoY
Profit After Tax
₹10.51 Cr
-25.8% YoY
Net Worth
₹115 Cr
+90.7% YoY
Total Assets
₹171 Cr
+28.9% YoY
Total Debt
₹55.35 Cr
-23.0% 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 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 301 | 273 | 218 | 156 | 101 | 78.95 |
| Revenue growth | +10.2% | +25.1% | +40.3% | +53.7% | +28.2% | - |
| EBITDA | 34.01 | 37.80 | 26.76 | 16.97 | 8.89 | 7.47 |
| EBITDA margin | +11.3% | +13.8% | +12.3% | +10.9% | +8.8% | +9.5% |
| Profit before tax | 14.54 | 19.11 | 12.69 | 6.79 | 2.70 | 1.34 |
| Net profit | 10.51 | 14.16 | 9.42 | 5.09 | 2.05 | 1.08 |
| Net profit margin | +3.5% | +5.2% | +4.3% | +3.3% | +2.0% | +1.4% |
| EPS (₹) | 7.43 | 12.75 | 17.50 | 10.22 | 4.10 | 2.16 |
| Balance sheet | ||||||
| Total assets | 171 | 133 | 104 | 77.45 | 65.25 | 60.08 |
| Net worth | 115 | 60.37 | 43.79 | 28.74 | 23.92 | 21.87 |
| Total debt | 55.35 | 71.91 | 59.83 | 48.52 | 41.33 | 38.21 |
| Cash & bank | 18.68 | 10.51 | 9.41 | 13.43 | 4.79 | 5.44 |
| Net working capital | 106 | 91.46 | 69.57 | 57.22 | 49.38 | 45.14 |
| Cash flow | ||||||
| Cash from operations | 22.90 | 9.10 | 6.39 | 13.46 | 2.66 | (5.11) |
| Cash from investing | (38.62) | (10.59) | (16.19) | (4.89) | (2.19) | (1.90) |
| Cash from financing | 12.46 | 1.40 | 5.77 | (0.20) | (1.12) | 7.02 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 301 | 273 | 218 | 156 | 101 | 78.95 |
| Revenue growth | +10.2% | +25.1% | +40.3% | +53.7% | +28.2% | - |
| Other income | 0.82 | 0.85 | 0.44 | 0.31 | 0.64 | 0.35 |
| Total expenses | 267 | 235 | 192 | 139 | 92.35 | 71.48 |
| Employee cost | 11.32 | 9.56 | 8.27 | 5.58 | 8.12 | 8.79 |
| EBITDA | 34.01 | 37.80 | 26.76 | 16.97 | 8.89 | 7.47 |
| EBITDA margin | +11.3% | +13.8% | +12.3% | +10.9% | +8.8% | +9.5% |
| Depreciation | 3.64 | 3.09 | 2.36 | 1.75 | 1.60 | 1.82 |
| Interest | 16.65 | 16.45 | 12.15 | 8.74 | 5.23 | 4.66 |
| Profit before tax | 14.54 | 19.11 | 12.69 | 6.79 | 2.70 | 1.34 |
| Tax | 4.04 | 4.95 | 3.27 | 1.70 | 0.65 | 0.26 |
| Net profit | 10.51 | 14.16 | 9.42 | 5.09 | 2.05 | 1.08 |
| Net profit margin | +3.5% | +5.2% | +4.3% | +3.3% | +2.0% | +1.4% |
| EPS (₹) | 7.43 | 12.75 | 17.50 | 10.22 | 4.10 | 2.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 14.14 | 11.10 | 5.38 | 5.00 | 5.00 | 5.00 |
| Reserves & surplus | 101 | 49.27 | 38.41 | 23.74 | 18.92 | 16.87 |
| Shareholders' funds (net worth) | 115 | 60.37 | 43.79 | 28.74 | 23.92 | 21.87 |
| Secured loans | 50.23 | 58.38 | 40.31 | 24.03 | 26.37 | 25.68 |
| Unsecured loans | 5.12 | 13.53 | 19.52 | 24.49 | 14.96 | 12.53 |
| Total debt | 55.35 | 71.91 | 59.83 | 48.52 | 41.33 | 38.21 |
| Total liabilities | - | - | 104 | 77.45 | 65.25 | 60.08 |
| Assets | ||||||
| Gross block | 56.37 | 50.61 | 38.23 | 27.49 | 23.28 | 21.52 |
| Net block | 38.44 | 35.89 | 26.60 | 18.22 | 15.63 | 14.74 |
| Capital work in progress | 23.48 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 105 | 112 | 80.55 | 82.46 | 48.99 | 38.81 |
| Sundry debtors | 50.27 | 60.50 | 46.82 | 21.70 | 25.66 | 25.36 |
| Cash & bank balances | 18.68 | 10.51 | 9.41 | 13.43 | 4.79 | 5.44 |
| Loans & advances | 17.07 | 8.31 | 4.59 | 5.61 | 4.32 | 1.78 |
| Total current assets | 191 | 191 | 141 | 123 | 83.76 | 71.39 |
| Total current liabilities | 85.58 | 99.49 | 71.80 | 65.98 | 34.38 | 26.25 |
| Net working capital | 106 | 91.46 | 69.57 | 57.22 | 49.38 | 45.14 |
| Total assets | 171 | 133 | 104 | 77.45 | 65.25 | 60.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 0.54 | 0.64 | 13.43 | 5.06 | 5.44 | 5.43 |
| Net cash from operating activities | 22.90 | 9.10 | 6.39 | 13.46 | 2.66 | (5.11) |
| Net cash from investing activities | (38.62) | (10.59) | (16.19) | (4.89) | (2.19) | (1.90) |
| Net cash from financing activities | 12.46 | 1.40 | 5.77 | (0.20) | (1.12) | 7.02 |
| Net change in cash | (3.26) | (0.10) | (4.02) | 8.37 | (0.65) | 0.01 |
| Closing cash | 18.68 | 10.51 | 9.41 | 13.43 | 4.79 | 5.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +10.2% | +25.1% | +40.3% | +53.7% | +28.2% | - |
| EBITDA growth | -10.0% | +41.3% | +57.7% | +90.9% | +19.0% | - |
| PBT growth | -23.9% | +50.6% | +86.9% | +151.5% | +101.5% | +9997.0% |
| Net income growth | -25.8% | +50.3% | +85.1% | +148.3% | +89.8% | - |
| Revenue CAGR (3Y) | +24.6% | +39.2% | +40.4% | - | - | - |
| EBITDA CAGR (3Y) | +26.1% | +62.0% | +53.0% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +3.5% | +5.2% | +4.3% | +3.3% | +2.0% | +1.4% |
| Return on capital employed | +20.6% | +30.1% | +27.4% | +21.8% | +12.7% | +10.0% |
| Return on net worth | +12.0% | +27.2% | +26.0% | +19.4% | +9.0% | +4.9% |
| Debt / equity | 0.73 | 1.26 | 1.49 | 1.71 | 1.74 | 1.75 |
| Long-term debt / equity | 0.15 | 0.34 | 0.57 | 0.83 | 0.98 | 1.04 |
| Interest cover | 54.82 | 47.39 | 49.80 | 57.42 | 71.74 | 82.48 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 5.62 | 6.15 | 6.64 | 6.13 | 4.52 | 3.67 |
| Inventory turnover | 2.78 | 2.84 | 2.68 | 2.37 | 2.31 | 2.03 |
| Debtors turnover | 5.43 | 5.09 | 6.37 | 6.57 | 3.97 | 3.11 |
| EPS (₹) | 7.43 | 12.75 | 17.50 | 10.22 | 4.10 | 2.16 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 81.42 | 54.38 | 81.33 | 57.52 | 47.84 | 43.74 |
To see the full year-wise statements and ratios of Karbonsteel Engineering Limited, buy the company report.
Board of directors of Karbonsteel Engineering Limited
Karbonsteel Engineering has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mittal Shrenik Shah | Whole-Time Director | 25 Aug 2022 | 4 Years 1 Months | Current |
| Shrenik Kirit Shah | Managing Director | 25 Apr 2011 | 15 Years 5 Months | Current |
| Saurabh Bhansali Also directs: Desai Bhansali & Associates LLP, Play Panda Private Limited, Prohut Developers Private Limited and 3 more | Director | 01 Jul 2024 | 2 Years 3 Months | Current |
| Mihen Jyotindra Halani | Director | 25 Jun 2024 | 2 Years 3 Months | Current |
| Sunil Kathariya Also directs: Epta Chemicals Private Limited | Director | 01 May 2024 | 2 Years 5 Months | Current |
Charges & borrowings
Open charges
₹152.81 Cr
Satisfied charges
₹50.06 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2026 | 101342812 | Others | ₹3.17 Cr | Open | |
| 16 Feb 2026 | 101242883 | Others | ₹25.5 Lakh | Open | |
| 08 Apr 2025 | 101084726 | Hdfc Bank Limited | ₹31.01 Lakh | Open | |
| 10 Aug 2023 | 100812939 | Hdfc Bank Limited | ₹20.2 Lakh | Open | |
| 13 Feb 2023 | 100763009 | Idbi Trusteeship Services Limited | ₹148.88 Cr | Open |
To see the full charge records of Karbonsteel Engineering Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Karbonsteel Engineering Limited has 17 deals on record (6 funding rounds, 6 market trades, 4 secondary share transfers), with disclosed funding of ₹14.74 Cr; the latest was in September 2026.
Total deals
17
Funding rounds
6
Market trades
6
Secondary share transfers
4
IPO
1
Disclosed funding
₹14.74 Cr
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Market trade | ₹1.7 Cr | Buyer: Mansi Share and Stock Broking Private Limited Seller: Vikasa India Eif I Fund-Incube Global Opportunities, Mansi Share and Stock Broking Private Limited |
| Dec 2025 | Market trade | ₹4.73 Cr | Buyer: Bonanza Portfolio (Ifsc) Private Limited Seller: Mansi Share and Stock Broking Private Limited |
| Sep 2025 | Market trade | ₹4.89 Cr | Buyer: Mansi Share and Stock Broking Private Limited Seller: Neo Apex Venture LLP |
| Sep 2025 | Market trade | ₹6.39 Cr | Buyer: Neo Apex Venture LLP , Ishaan Tradefin LLP , Mansi Share and Stock Broking Private Limited Seller: Mansi Share and Stock Broking Private Limited , Ishaan Tradefin LLP |
| Sep 2025 | Market trade | ₹6.69 Cr | Buyer: Mansi Share and Stock Broking Private Limited , Vipul D Shah (Huf) |
To see the full deal history of Karbonsteel Engineering 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
Karbonsteel Engineering Limited has 21 court cases on record: 17 filed by Karbonsteel Engineering, 4 filed against it. 7 cases are pending and 14 are disposed.
Total cases
21
Filed by the company
17
Filed against the company
4
Pending
7
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 4 | 7 |
| High courts | 4 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Summons For Judgement) | Filed by the company against M/S. Power Mech Projects Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against M/S. Power Mech Projects Limited and 7 others | Pending |
| High Court, West Bengal | Arbitration matter | Filed by the company against Bridge and Roof Co India Ltd | Disposed |
| Bombay High Court | Appeal | Filed by the company against Pranav Construction Systems Pvt. Ltd Cin No. U29246mh2003ptc142133 | Disposed |
| District court, Valsad, Gujarat | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Karbonsteel Engineering 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.
Credit ratings & regulatory alerts
Karbonsteel Engineering Limited was last rated by Crisil on 03 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 03 Dec 2019 |
To see the full credit ratings and regulatory alerts of Karbonsteel Engineering Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karbonsteel Engineering Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karbonsteel Engineering has 9 GST registrations: 2 active and 7 cancelled or inactive.
Total GSTINs
9
Active
2
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECK3353K1ZD | Maharashtra | Active | 01 Jul 2017 |
| 24AAECK3353K1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karbonsteel Engineering Limited, buy the company report.
Recent activity
Karbonsteel Engineering Limited has 11 board changes on record since 2011: 6 appointments and 5 cessations. The latest: Ganesh Shripati Bhandary was appointed as CFO on 01 Feb 2025.
AGM
Karbonsteel Engineering Limited last Annual general meeting of members was held on 23 Sep 2026 as per latest MCA records.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 148.88 Cr registered on 13 Feb 2023 with Charge ID 100763009 was modified on 18 Aug 2026.
Charges
A charge with Others amounted to Rs. 3.17 Cr with Charge ID 101342812 was registered on 15 Jul 2026.
Filing
Karbonsteel Engineering Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 0.26 Cr with Charge ID 101242883 was registered on 16 Feb 2026.
Charges
A charge registered on 29 Dec 2011 via Charge ID 10352170 with State Bank Of India was fully satisfied on 22 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.31 Cr with Charge ID 101084726 was registered on 08 Apr 2025.
Appointed
Ganesh Shripati Bhandary was appointed as CFO.
Ceased
Samridhi Bhansali ceased to be CFO.
Appointed
Saurabh Bhansali was appointed as Director.
Ceased
Shrenik Kirit Shah ceased to be Director.
Appointed
Mihen Jyotindra Halani was appointed as Director.
13 earlier events are in the company report.
News
Frequently asked questions
Karbonsteel Engineering is an active public limited company based in Mumbai, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 21 April 2011 (15+ years old) and is registered under CIN L74120MH2011PLC216558. Listed on BSE: 544511.
Karbonsteel Engineering reported revenue of ₹300.88 Cr for FY 2025-26 (up 10.2% YoY) based on standalone financials.
Karbonsteel Engineering has 5 current directors:
- Shrenik Kirit Shah - Managing Director
- Mittal Shrenik Shah - Whole-Time Director
- Saurabh Bhansali - Director
- Mihen Jyotindra Halani - Director
- Sunil Kathariya - Director
The latest financial statements of Karbonsteel Engineering on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Karbonsteel Engineering is 27AAECK3353K1ZD, registered in Maharashtra. The company has 9 GST registrations in all, of which 2 are active and 7 are cancelled or inactive. Other active GSTINs include 24AAECK3353K1ZJ (Gujarat).
The CIN (Corporate Identification Number) of Karbonsteel Engineering is L74120MH2011PLC216558. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Karbonsteel Engineering is a listed company as per MCA records. Its shares are listed on BSE (code: 544511).
Karbonsteel Engineering has 21 court cases on record: 17 filed by the company and 4 filed against it. 7 are pending. Most are in the district courts.
Karbonsteel Engineering was incorporated on 21 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Karbonsteel Engineering has 17 deals on record (6 funding rounds, 6 market trades, 4 secondary share transfers), with disclosed funding of ₹14.74 Cr; the latest was in September 2026.