About Laggar Industries Limited
Data last updated:
Laggar Industries Limited is a public limited company based in Jalandhar, Punjab, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 09 October 1990.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U99999PB1990PLC010741. Its GSTIN is 03AAACL4030G1Z7 (Punjab). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.69 Cr. It is led by directors including Sandeep Sobti (Managing Director) and Sunchit Sobti (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 86 Sobti Buldingmandir Marg Tanda Road Jalandhar City, Punjab, India – 144001.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.41 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹10.28 Lakh (net margin 2.3%) and EBITDA of ₹32.14 Lakh (EBITDA margin 7.3%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 35% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹36.75 Cr and satisfied charges of ₹12.83 Cr on record. Court records list 47 cases involving the company, including 32 filed by the company and 15 filed against it; 4 cases are pending.
The last known website on record is laggarindustries.com.
Company details
CIN history
Laggar Industries has one previous CIN (Corporate Identification Number): L99999PB1990PLC010741. The current CIN is U99999PB1990PLC010741, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999PB1990PLC010741 | Current |
| L99999PB1990PLC010741 | Previous |
Contact details
Laggar Industries Limited's registered office is in Jalandhar, Punjab. Its website is laggarindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address86 Sobti Buldingmandir Marg Tanda Road Jalandhar City, Punjab, India – 144001
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Laggar Industries 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 Laggar Industries 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 Laggar Industries Limited, buy the company report.
Financials of Laggar Industries Limited
FY 2022 filings availableLaggar Industries Limited reported revenue of ₹4.41 Cr (up 47% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 47% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 35%. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.41 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹32.14 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.28 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Laggar Industries Limited, buy the company report.
Board of directors of Laggar Industries Limited
Laggar Industries has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Sobti | Managing Director | 09 Oct 1990 | 36 Years 0 Months | As last reported |
| Puneet Jindal | Director | 14 May 2019 | 7 Years 5 Months | As last reported |
| Rajiv Khurana Also directs: Renaissance Resolutions Private Limited | Irp/Rp/Liquidator | 05 Jun 2024 | 2 Years 5 Months | As last reported |
| Sunchit Sobti | Whole-Time Director | 01 Apr 2006 | 20 Years 7 Months | As last reported |
Peer comparison
Laggar Industries Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Defence Accessories and Components, 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 |
|---|---|---|---|---|---|---|
| H.V. Metal Arc Private Limited | ₹4.42 Cr (FY 2018) | -14.0% | Delhi, India | |||
| Laggar Industries Limitedthis company | ₹4.41 Cr (FY 2022) | ₹10.28 Lakh | 2.3% | 47.0% | 5 | Jalandhar, Punjab, India |
| Stamco Steel Processors Private Limited | ₹4.41 Cr (FY 2024) | 31.0% | Mumbai, Maharashtra, India | |||
| Maxtork Manufacturers Private Limited | ₹4.39 Cr (FY 2025) | 15.0% | Thane, Maharashtra, India |
To see the full peer comparison of Laggar Industries Limited, buy the company report.
Auditor
Laggar Industries Limited is audited by NITIN SURBHI & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NITIN SURBHI & CO. | FY 2022 | 036533N |
Shareholding
The shareholding of Laggar Industries Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Laggar Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2008 | 10116578 | Canara Bank | ₹10.65 Cr | Open | |
| 03 Jul 2003 | 90176590 | Canara Bank | ₹2.6 Cr | Open | |
| 27 Jun 2003 | 90178441 | Canara Bank | ₹23.5 Cr | Open | |
| 22 Dec 2004 | 90180895 | Canara Bank | ₹5.5 Cr | Satisfied | |
| 03 Mar 2004 | 90176601 | Canara Bank | ₹3.1 Cr | Satisfied |
To see the full charge records of Laggar Industries Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Laggar Industries Limited has 47 court cases on record: 32 filed by Laggar Industries, 15 filed against it. 4 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 13 | 3 |
| High courts | 16 | 2 | 1 |
| Supreme Court | 3 | 0 | 0 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ranchi, Jharkhand | Commercial matter | Filed by the company against M/S Swastik Softech Private Limited and 1 other | Disposed |
| District court, Jalandhar, Punjab | Execution petition | Filed by the company against Swastik Softech Private Limited | Disposed |
| District court, Jalandhar, Punjab | Civil miscellaneous application | Filed by the company against Ms Field Marshall Security Pvt Ltd | Disposed |
| District court, Jalandhar, Punjab | Civil suit | Filed against the company by Ms Field Marshall Security Pvt. Ltd. | Disposed |
| District court, Jalandhar, Punjab | Civil suit | Filed by the company against Canara Bank | Disposed |
To see the full case history of Laggar Industries 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
Laggar Industries Limited was last rated by Crisil on 17 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Nov 2020 |
To see the full credit ratings and regulatory alerts of Laggar Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Laggar Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Laggar Industries Limited has a workforce of 5 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Laggar Industries has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACL4030G1Z7 | Punjab | Active | 01 Jul 2017 |
| 06AAACL4030G1Z1 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Laggar Industries Limited, buy the company report.
Recent activity
Laggar Industries Limited has 10 board changes on record since 1990: 4 appointments and 6 cessations. The latest: Rajiv Khurana was appointed as Irp/Rp/Liquidator on 05 Jun 2024.
24 earlier events are in the company report.
Frequently asked questions
Laggar Industries is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Laggar Industries is a company under insolvency, formerly operating as a public limited company based in Jalandhar, Punjab, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 09 October 1990 and is registered under CIN U99999PB1990PLC010741. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Laggar Industries has 4 current directors:
- Sandeep Sobti - Managing Director
- Sunchit Sobti - Whole-Time Director
- Puneet Jindal - Director
- Rajiv Khurana - Irp/Rp/Liquidator
The latest financial statements of Laggar Industries on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Laggar Industries is U99999PB1990PLC010741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Laggar Industries has open charges of ₹36.75 Cr and satisfied charges of ₹12.83 Cr as per latest MCA filings.
Laggar Industries has 47 court cases on record: 32 filed by the company and 15 filed against it. 4 are pending. Most are in the district courts.
Laggar Industries was incorporated on 09 October 1990. It is registered with the Registrar of Companies, Chandigarh.
The peers of Laggar Industries by revenue are H.V. Metal Arc Private Limited, Stamco Steel Processors Private Limited, Maxtork Manufacturers Private Limited, all in the Metals and Minerals industry (Defence Accessories and Components, Steel), with the same principal business activity (metal and metal products).
Rajiv Khurana was appointed as Irp/Rp/Liquidator on 05 Jun 2024. Gagan Manik ceased to be Additional Director on 14 May 2019. Puneet Jindal was appointed as Director on 14 May 2019. Laggar Industries has 10 board changes on record in total.
Laggar Industries can be reached through the website laggarindustries.com. Its registered office is in Jalandhar, Punjab, India.
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