About Laxmi Pipes Ltd
Data last updated:
Laxmi Pipes Ltd is a public limited company based in Haryana, 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 pipe and tubes segment of the manufacturing sector. It was incorporated on 25 September 1984.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U25209HR1984PLC019135. Its GSTIN is 06AAACL3531G2ZW (Haryana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.56 Cr. It was formerly known as Laxmi Pipes Private Limited. It is led by directors including Pawan Kumar Singla (Managing Director) and Sandeep Singla.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Bhiwani Road Hansi Distt. Hisar, Haryana, India.
As per the financials filed for FY 2022, the company reported a revenue of ₹33.32 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹18.61 Cr (net margin -55.8%) and EBITDA of -₹4.12 Cr (EBITDA margin -12.4%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years.
The company has about 50 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Laxmi Pipes. As per MCA filings, the company has open charges of ₹38.86 Cr and satisfied charges of ₹53.7 Cr on record. Court records list 18 cases involving the company, including 9 filed by the company and 9 filed against it; 3 cases are pending.
The last known website on record is laxmipipes.in.
Company details
Contact details
Laxmi Pipes Ltd's registered office is in Haryana. Its website is laxmipipes.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBhiwani Road Hansi Distt. Hisar, Haryana, India
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Laxmi Pipes Ltd, 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
Brands
Laxmi Pipes operates one associated brand: Laxmi Pipes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pipe manufacturing and supply operations in India. | laxmipipes.in |
Financials of Laxmi Pipes Ltd
FY 2023 filings availableLaxmi Pipes Ltd reported revenue of ₹33.32 Cr (down 44% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 32% over three years, including a 44% fall 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 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 | ₹33.32 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹18.61 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Total Liabilities | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.4% | ||||
| Net Profit Margin | -55.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Laxmi Pipes Ltd, buy the company report.
Board of directors of Laxmi Pipes Ltd
Laxmi Pipes has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Kumar Singla Also directs: Gran International Private Limited | Managing Director | 25 Sep 1984 | 42 Years 1 Months | As last reported |
| Sandeep Singla Also directs: Gran International Private Limited | Director | 31 Dec 2014 | 11 Years 10 Months | As last reported |
| Kamlesh Rani Singla | Director | 26 Dec 2014 | 11 Years 10 Months | As last reported |
| Deepika Bhugra Prasad Also directs: AAA Insolvency Professionals LLP, D Prasad Advisory LLP | Irp/Rp/Liquidator | 30 Oct 2023 | 3 Years 0 Months | As last reported |
Auditor
Laxmi Pipes Ltd is audited by K.K. Goel & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.K. Goel & Associates | FY 2022 | 005299N |
Shareholding
The shareholding of Laxmi Pipes Ltd 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 Laxmi Pipes Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2019 | 100254011 | State Bank of India | ₹38.86 Cr | Open | |
| 01 Jan 2013 | 10397895 | Others | ₹23.25 Cr | Satisfied | |
| 23 Dec 2005 | 80025976 | Dena Bank | ₹16.9 Cr | Satisfied | |
| 23 Dec 2005 | 80025975 | Dena Bank | ₹1.1 Cr | Satisfied | |
| 27 Mar 2002 | 90049008 | The Jammu and Kashmir Bank Limited | ₹12.45 Cr | Satisfied |
To see the full charge records of Laxmi Pipes Ltd, buy the company report.
Total charge records: 5 View all charges
Legal cases
Laxmi Pipes Ltd has 18 court cases on record: 9 filed by Laxmi Pipes, 9 filed against it. 3 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 4 | 1 |
| High courts | 8 | 4 | 2 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ecl Finance Limited. | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Avon Steel Industries Private Limited | Disposed |
| Supreme Court | Court case (2300-Nine Judges Bench Matter) | Filed against the company by Swastik Pipes Ltd. Director Authorised Signatory Director Authorised Signatory 41, K.M. Delhi-Rohtak Road , District: Asaudah ,Jhajjar * , Haryana | Disposed |
| Allahabad High Court | Court case (NA528) | Filed by the company against State of U.P. and Another | Pending |
| District court, Hapur, Uttar Pradesh | Criminal case | Filed against the company by Up Pollution Control Board | Pending |
To see the full case history of Laxmi Pipes Ltd, 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
No delayed payments to MSME suppliers are on our record for Laxmi Pipes Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Laxmi Pipes Ltd has a workforce of 50 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Laxmi Pipes has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACL3531G2ZW | Haryana | Active | 17 May 2023 |
To see the full GST registrations and return filing status of Laxmi Pipes Ltd, buy the company report.
Recent activity
Laxmi Pipes Ltd has 12 board changes on record since 1984: 4 appointments and 8 cessations. The latest: Deepak Thukral ceased to be Irp/Rp/Liquidator on 30 Oct 2023.
15 earlier events are in the company report.
Frequently asked questions
Laxmi Pipes 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.
Laxmi Pipes is a company under insolvency, formerly operating as a public limited company based in Haryana, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 25 September 1984 and is registered under CIN U25209HR1984PLC019135. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Laxmi Pipes has 4 current directors:
- Pawan Kumar Singla - Managing Director
- Sandeep Singla - Director
- Kamlesh Rani Singla - Director
- Deepika Bhugra Prasad - Irp/Rp/Liquidator
The latest financial statements of Laxmi Pipes on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Laxmi Pipes is U25209HR1984PLC019135. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Laxmi Pipes has open charges of ₹38.86 Cr and satisfied charges of ₹53.7 Cr as per latest MCA filings.
Laxmi Pipes has 18 court cases on record: 9 filed by the company and 9 filed against it. 3 are pending. Most are in the district courts.
Laxmi Pipes was incorporated on 25 September 1984. It is registered with the Registrar of Companies, Delhi.
Deepak Thukral ceased to be Irp/Rp/Liquidator on 30 Oct 2023. Deepika Bhugra Prasad was appointed as Irp/Rp/Liquidator on 30 Oct 2023. Kamlesh Rani Singla ceased to be Additional Director on 29 Sep 2015. Laxmi Pipes has 12 board changes on record in total.
Laxmi Pipes can be reached through the website laxmipipes.in. Its registered office is in Haryana, India.
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